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

After years near the front of Australia’s housing upswing, Brisbane has reached an inflection point. Dwelling values remain 10.8% higher than a year ago, yet recent falls show momentum is turning. For homeowners and sellers, the shift matters because timing, pricing and property type now carry greater weight.

Key Takeaways

Watch Cotality’s 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 cycle has turned lower in the short term without erasing its annual advance. Dwelling values fell 1.0% in August and 2.7% over winter, leaving them 2.7% below the May 2026 peak. Even so, values remained 2.8% higher year to date and 10.8% higher over 12 months.

Both property types fell 1.0% in August, but units held up better over the quarter, declining 2.0% against 2.9% for houses. Annual performance also favoured units, up 13.2% versus 10.3%. Median values stood at $854,721 for units and $1,180,552 for houses.

Longer horizons underline the equity accumulated: Brisbane values rose 64.1% over five years and 111.8% over ten. Growth varied locally, led by Sherwood-Indooroopilly at 17.3%, while every area in the city’s top ten recorded an annual rise of at least 13.2%.

Brisbane Property Market Trends

Market activity now favours purchasers. Brisbane’s estimated sales volumes were more than 20% below a year earlier, among the sharpest declines nationally. Across capital cities, advertised listings were 24% higher year on year and 8% above the five-year average, although new listings were lower. Longer selling times and clearance rates below 50% give buyers more leverage, leaving vendors to compete on price and presentation.

Rental conditions offer a counterweight. Brisbane house rents rose 6.7% over the year and unit rents 5.6%, while gross dwelling yields reached 3.4%. Tight vacancies support income, yet holding costs keep many investments from neutral cash flow. Investors are likely to favour higher-yielding opportunities, with rental unaffordability limiting outsized increases.

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

Brisbane Property Market Forecast

Over coming months, Brisbane values are likely to remain under pressure, with modest further declines more probable than a quick rebound. The outlook is softer, but does not indicate a severe correction.

High mortgage rates, reduced borrowing capacity, weak real wages and subdued sentiment should continue limiting demand. Normalised population growth also removes some exceptional post-pandemic support.

Insufficient new housing, relatively low unemployment and first-home buyer assistance should place a floor under losses. Brisbane’s 2.7% retreat from its peak supports a balanced view: further easing is likely, but structural scarcity should contain its scale.

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

For homeowners, Brisbane’s long-term gains remain a substantial buffer, but sellers are entering a market that rewards realism. High borrowing costs and softer demand will influence near-term outcomes, while limited housing supply offers support. A well-presented property, accurately priced from launch, gives vendors the best chance of converting Brisbane’s resilience into a successful sale.

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