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

Brisbane’s property market has shifted from rapid acceleration to controlled momentum, but it remains one of Australia’s standout capital city performers. Dwelling values are still rising, with a 0.3% monthly lift, 1.3% quarterly growth and a strong 17.4% annual increase taking the median dwelling value to $1,118,306. The pace has cooled, yet the city continues to sit at peak value levels, supported by tight supply, resilient demand and strong long-term growth.

Key Takeaways

Watch Cotality’s June  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

The strongest number in Brisbane’s current market is the annual result. Dwelling values are up 17.4% over the past 12 months, placing Brisbane well ahead of the national annual increase of 7.3% and the combined capitals result of 6.1%. Total return is also high at 21.3%, reflecting the combined benefit of capital growth and rental yield.

Breaking that down, houses have reached a median value of $1,225,350, after rising 16.8% annually. Units have climbed even faster, up 20.3% over the year, with a median value of $885,132. The unit market’s stronger growth points to affordability-driven demand, especially as detached house prices push further beyond reach for many buyers.

Brisbane Property Market Trends

A clear moderation is now visible. Brisbane values rose 0.3% over the month and 1.3% over the quarter, which is positive, but noticeably slower than the stronger pace seen earlier in the cycle. That cooling matters because it suggests the market is becoming less heated, even while values remain at record highs.

Momentum is also uneven across property types. Units are outperforming houses on short-term growth, with a 0.6% monthly rise and 2.2% quarterly gain, compared with houses at 0.2% monthly and 1.1% quarterly. Yields reinforce the same pattern, with Brisbane units offering a 3.9% gross yield compared with 3.1% for houses, making apartments more attractive to investors and affordability-conscious buyers.

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

Brisbane Property Market Forecast

The most likely direction for Brisbane is continued growth at a slower and more measured pace. The city is still supported by strong annual gains, peak-value conditions, tight rental markets and long-term demand, but the latest monthly and quarterly figures show that momentum has clearly eased. That points to a market that is not reversing, but is becoming more balanced.

Several forces are likely to shape the next phase. Affordability pressure is higher after such a large run-up in prices, buyer demand is becoming more sensitive to borrowing costs and national housing conditions have weakened. At the same time, Brisbane’s 76.6% five-year growth and 119.0% ten-year growth show the depth of the city’s long-term performance. Sellers should still find support, but buyers are likely to be more price-conscious than they were during the faster-moving phase of the cycle.

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 remains a strong property market, but the tone has changed. Annual growth is still impressive, values are at peak levels and units continue to show particular strength, yet the slower monthly result signals a more selective market ahead. For homeowners and sellers, the opportunity is still there, but the best results are likely to come from realistic pricing, strong presentation and a clear read on local buyer demand.

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