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

Brisbane’s property market is in a powerful growth phase, surging ahead of expectations. Backed by rapid population growth, low housing supply, and rising rents, it’s now outpacing Melbourne in median dwelling prices. Investors and homebuyers alike are flocking to outer suburbs as affordability tightens, while long-term prospects remain bright thanks to infrastructure projects and potential rate cuts.

Market Highlights

• Brisbane continues to be a top-performing capital, driven by strong population growth, tight supply, and surging rental demand. Dwelling values rose 3.4% in Q2 and 12.2% annually, placing it second nationally in yearly growth.
• The median dwelling price of $805,084 now surpasses Melbourne’s, marking a notable shift in the capital city rankings. Since early 2023, values have jumped 27.1%, and over the past decade, they’ve climbed 88.5%.
• Suburbs like Beaudesert (12.3%), Springfield-Redbank, and Ipswich Inner are leading the upswing—highlighting buyer migration to more affordable outer regions.
• Brisbane also boasts Australia’s highest unit rent growth (14.3%) and a 4.2% gross yield, making it highly attractive to investors. Low stock levels and Olympics-driven infrastructure investment add further long-term support.
• While affordability challenges are emerging, Brisbane remains well-positioned for continued price growth into 2026—especially if interest rates fall as expected.

Housing Metrics Overview

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 monthly 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 recorded one of the strongest results nationwide in the three months to June 2025:

• Quarterly growth: 3.4%
• Monthly gain (June): 1.3%
• Annual change: 12.2%, the second-highest among capital cities

Since the onset of this upcycle in early 2023, Brisbane’s dwelling values have soared 27.1%, showcasing continued momentum driven by tight listings and high demand. Over a ten-year span, values have risen 88.5%, well ahead of most major cities .

At the suburb level, Beaudesert leads growth with a 12.3% annual increase, followed by Springfield-Redbank and Ipswich Inner—all outer ring areas that remain relatively affordable despite recent surges .

View the latest property value movements across Australia’s capital cities. Use the filters to explore monthly, quarterly, and annual changes by dwelling type and region. Data sourced from CoreLogic.

CoreLogic Home Value Index, Released on 1st July 2025

Brisbane Property Market Trends

Several key trends are shaping Brisbane’s performance:

• Supply is critically low: Advertised stock is significantly under the five-year average, keeping competition high and driving price growth.
• Rental demand is strong: Unit rents surged 14.3% annually—the highest among the capitals—while house rents climbed 8.3% .
• Gross rental yields are among the most attractive of the major cities at 4.2%, drawing continued investor interest.

Population growth, particularly through interstate migration, is bolstering underlying housing demand. However, affordability constraints are becoming more pronounced, especially as wages struggle to keep pace with the rapid rise in prices.

Dwelling value growth over the past 5 and 10 years, including combined capital and regional market performance.

Brisbane Property Market Forecast

Brisbane’s outlook remains among the most bullish:

• Falling interest rates—possibly to the high 2% range by early 2026—will likely fuel further price growth.
• Supply shortages are expected to persist, as new dwelling approvals and completions remain well below demand levels.
• The upcoming 2032 Olympics continue to support long-term confidence and infrastructure investment in the region.

Despite these positives, the city is not immune to risks. If inflation unexpectedly rises or interest rate cuts are delayed, momentum could taper. But under current conditions, Brisbane is poised for more price gains through late 2025.

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

Brisbane’s housing market stands out for its combination of high demand, tight supply, and strong rental returns. With double-digit annual growth and a sharp rebound from pandemic-era lulls, the city is now firmly positioned as a top-performing capital.

While affordability may act as a brake over time, all indicators suggest Brisbane will continue to lead on capital gains into 2026—especially if interest rates drop and housing supply remains tight. For buyers and investors alike, Brisbane remains a market of strong fundamentals and compelling opportunity.

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