Brisbane Property Market – Prices, Trends, Forecast [March 2026]

Momentum has stayed firm into early 2026, with values continuing to rise even as some larger city markets have softened. Strong buyer competition has been underpinned by very tight advertised supply, which has helped keep upward pressure on prices despite affordability constraints.

Recent performance reflects this resilience. Dwelling values increased 1.6% over February, lifting growth to 4.8% over the rolling quarter and 17.3% over the past 12 months, with the median dwelling value now sitting at $1,080,538.

Highlights

See how Brisbane’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Watch CoreLogic’s February 2026 Housing Market Update for expert commentary on national and capital city housing trends, price movements, and key market drivers across Brisbane.

Brisbane Property Price Growth

Recent growth has been strong across short and longer timeframes, showing a market that is still moving higher rather than plateauing. Monthly gains have remained solid, and the rolling quarterly result reinforces that price growth has continued to build through early 2026.

Over the year, values have climbed 17.3% and total returns have been 21.1%, indicating that capital growth has been accompanied by an ongoing rental contribution. The median dwelling value is now $1,080,538, which also highlights how far prices have moved relative to household incomes.

Brisbane Property Market Trends

Low stock remains a key theme and a major reason price growth has held up. Advertised supply has been materially below normal levels, and this scarcity typically supports faster selling conditions and stronger competition when demand is steady.

At the same time, demand-side headwinds are becoming more visible. Affordability constraints and serviceability settings are limiting borrowing capacity, which tends to thin demand at higher price points and concentrate competition in the lower end of the market. A gradual lift in building activity and approvals in parts of Queensland may ease pressure over time, but supply remains tight by historical standards.

The table outlines CoreLogic’s Home Value Index as of 28th February 2026, showing peak declines, five-year growth, and changes since the start of the previous rate hiking cycle in May 2022.

Brisbane Property Market Forecast

Forward-looking conditions suggest a more uneven and segmented year ahead rather than a clean continuation of the past year’s pace. With affordability constraints intensifying and credit availability tightening at the margins, the strongest price outcomes are likely to remain concentrated in lower-priced segments where buyer competition is deepest and deposit barriers are more easily overcome.

At the same time, the market is still being supported by tight supply, which reduces downside risk and can keep upward pressure in place. There are early signs that new supply is improving in parts of Queensland, which could gradually ease some pressure, but any relief is likely to be incremental rather than immediate. Overall, the most realistic base case is continued growth that is generally more modest than the last 12 months, with performance varying more sharply by price point and property type.

The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.

Here are some of the most recent forecasts by the big-4 banks in Australia:

• ANZ predicts a 5-6% increase in capital city property prices in 2024, with Brisbane expected to see the highest rise at 9-10%, Perth property values could go up by 1-11%, Sydney by 4-5%, and Melbourne prices by 2-3%.
• CBA forecasts a 5% rise in capital city prices, with some variations: Brisbane is anticipated to grow by 6%, Melbourne and Perth by 5%, Sydney by 4%, and Adelaide by 1%.
• NAB projects a 5.4% average increase across the capitals, with Brisbane expected to see a 6.5% rise, Perth and Adelaide by 6.2%, Melbourne by 5.5%, Sydney by 5%, and Hobart remaining flat.
• Westpac expects a 6% growth across the combined capitals, with Perth leading at 10%, followed by Brisbane at 8%, Sydney at 6%, Adelaide at 4%, and Melbourne at 3%

Oxford Economics recently released property forecasts predicting where house prices will be in three years.

Explore More Queensland Property Insights

• Hervey Bay Property Market
• Gold Coast Property Market
• Sunshine Coast Property Market

Conclusion

The market has remained resilient through early 2026, supported by strong recent price growth and a shortage of available listings. The combination of 1.6% monthly growth and a median value of $1,080,538 underscores how firm conditions have stayed.

Looking ahead, the most likely path is steadier, more segmented performance. Tight supply should keep a floor under prices, while affordability and lending constraints are expected to shape where demand is strongest and where price growth cools first.

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