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

Brisbane remains one of Australia’s strongest capital city housing markets, with values still rising despite a broader national slowdown. Growth has eased from its recent highs, but demand remains supported by tight supply, relative affordability compared with Sydney, and strong competition across lower and middle price segments. The result is a market that continues to favour well-prepared sellers, while buyers are becoming more price-sensitive.

Key Takeaways

Watch Cotality’s April 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

Brisbane’s price growth remains substantial, even as momentum slows across the broader national market. Dwelling values increased 1.2% in April, 4.7% over the quarter, and 19.7% over the year, taking the median dwelling value to approximately $1,116,180.

The longer-term uplift is especially significant. Brisbane values are now at their April 2026 peak, having risen 84.0% over the past five years and 119.5% over the past decade. Units have been particularly strong, with annual growth of 22.6%, ahead of house growth at 19.1%, reflecting buyer demand for comparatively more affordable property types.

Brisbane Property Market Trends

A key feature of the current market is that growth is continuing, but buyers are becoming more selective. Brisbane remains stronger than Sydney and Melbourne, where values have recently declined, yet the pace of growth has softened as affordability, borrowing capacity, and interest rate pressure weigh on demand.

Demand is strongest in lower-priced and more affordable segments, where credit constraints and first home buyer activity have the greatest influence. Some of the strongest annual growth has been recorded across outer and middle-ring areas, including Beaudesert, Springwood-Kingston, Loganlea-Carbrook, Beenleigh, Forest Lake-Oxley, Nundah, Chermside, Ipswich Inner, and North Lakes, with many of these areas recording annual gains above 22%.

This table provides a snapshot of housing value performance across major markets.

Brisbane Property Market Forecast

Looking ahead, Brisbane is likely to remain one of the more resilient capital city markets, although growth is expected to moderate rather than accelerate. The strongest supports are tight housing supply, continued demand for relatively affordable homes, strong rental conditions, and limited signs of forced selling.

The main headwinds are affordability and serviceability pressures, higher interest rates, softer buyer sentiment, and a national slowdown in sales activity. These factors point to a market that should keep growing, but at a slower and more uneven pace. Sellers can still benefit from strong underlying conditions, but results are likely to depend more heavily on suburb, price point, presentation, and accurate campaign pricing.

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

Brisbane’s property market remains strong, with solid capital growth, tight rental conditions, and ongoing buyer competition supporting home values. While the market is no longer accelerating at the same pace, supply constraints and relative affordability continue to underpin demand. Overall, conditions remain favourable for sellers, but pricing discipline is becoming more important as buyers respond to higher costs and shifting sentiment.

Next steps