Brisbane Property Market – Prices, Trends, Forecast [March 2025]

Brisbane’s property market continues to show moderate growth, with home values rising 0.2% in February and 0.9% over the past quarter. However, its growth rate has slowed, with Melbourne and Hobart surpassing its monthly increase. Despite this, Brisbane remains one of the stronger-performing markets over the past year, reflecting a resilient demand amid shifting economic conditions.

Brisbane Property Price Growth

Brisbane’s annual dwelling value growth stands at 9.7%, maintaining its position as a high-growth capital city. Houses increased by 8.6% annually, while units surged by 15.2%, outpacing detached homes. The median dwelling value in Brisbane is $894,425, showing continued strength despite recent market shifts.

CoreLogic Home Value Index

CoreLogic Home Value Index, Released on 3rd March 2025

Brisbane Property Market Trends

Brisbane experienced:

• Limited housing supply continues to challenge buyers, with total stock down 21.5% compared to the five-year average.
• Rental growth is slowing, with unit rents rising 3.3% annually, a sharp deceleration from 15.3% in mid-2023.
• Gross rental yields remain competitive at 3.7%, supported by sustained rental demand.
• The upper quartile of the market has shown stronger resilience, with Brisbane’s higher-end properties maintaining growth.

Change in dwelling values over key time periods

Brisbane Property Market Forecast

Brisbane’s property outlook remains positive, though price growth is expected to moderate as interest rate adjustments and supply constraints influence market conditions. Demand remains solid, but affordability pressures and a cooling rental market could slow momentum. A further reduction in migration rates may also temper housing demand in the coming months.

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.

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Conclusion for Homeowners

While Brisbane remains one of Australia’s strongest-performing capital cities, its rate of growth is tapering compared to previous highs. Limited supply, cooling rental demand, and affordability constraints will shape its trajectory in 2025. However, its long-term fundamentals remain robust, positioning it for sustained, if slower, growth.

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