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

Brisbane enters this period with momentum that few capital city markets can match. Dwelling values rose 1.8% in March, climbed 5.1% over the quarter, and were up 19.0% over the year, taking the median dwelling value to $1,101,151. Total returns reached 23.0%, and the city remains at peak pricing, with dwelling values now 85.3% higher than five years ago.

What stands out is that the strength is not limited to one part of the market. Houses recorded annual growth of 18.5%, while units rose even faster at 21.5%, showing that demand remains broad even as values push higher. Brisbane’s rental market is also still firm, with house and unit rents both up 6.7% annually, helping support a gross dwelling yield of 3.3%.

Key Takeaways

See how Brisbane’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Watch Cotality’s March 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 numbers underline just how strong Brisbane’s price cycle has been. Its 1.8% monthly rise, 5.1% quarterly gain, and 19.0% annual increase are well ahead of the combined capitals, which recorded 0.6%, 1.8%, and 9.3% respectively. Even against the national market, Brisbane is running materially faster, highlighting how firmly it remains in the leading group of capital city performers.

There is also a clear split between property types. House values rose 1.7% over the month, 4.9% over the quarter, and 18.5% annually, while units increased 2.0%, 6.1%, and 21.5%. That tells a useful story: price growth is still strong across the board, but the more affordable attached housing segment is now moving faster than detached homes.

Brisbane Property Market Trends

Beneath the headline growth, Brisbane’s market is showing a few clear patterns. First, momentum remains broad rather than narrowly concentrated, with strong annual gains showing up across a wide range of submarkets including Springwood – Kingston at 25.4%, Sunnybank South at 24.2%, Forest Lake – Oxley at 23.1%, Strathpine at 23.0%, and Chermside North at 22.7%. That spread suggests demand is still reaching across different parts of the city rather than relying on just one premium pocket.

Second, the market is still being supported by rental strength and buyer demand in relatively more accessible segments. Brisbane rents for both houses and units rose 6.7% over the year, while gross yields held at 3.3% for dwellings overall. More broadly, lower priced markets have been leading in most capitals as buyers adjust to tighter borrowing conditions, which fits with Brisbane’s stronger unit performance and the continued resilience of growth corridors and middle ring markets.

The table outlines CoreLogic’s Home Value Index as of 1st April 2026, providing a snapshot of housing value performance across key indicators.

How to read these figures:

Brisbane (at peak) shows the market is currently sitting at its record high; +85.3% over the past five years points to very strong longer-term growth; and +5.1% over the March quarter 2026 indicates values continued to rise strongly over the quarter.

Brisbane Property Market Forecast

Looking ahead, the most likely path for Brisbane is continued growth, but at a slower pace than the city has been posting recently. Current momentum is still strong, values remain at peak levels, and the latest quarterly rise of 5.1% shows the market still has forward drive. Tight supply in aggregate and a resilient labour market should also help put a floor under values rather than allowing conditions to weaken sharply.

That said, the headwinds are becoming harder to ignore. Affordability is increasingly stretched, mortgage serviceability is tighter, and borrowers are effectively being assessed at rates around 9.0% once the serviceability buffer is factored in. At the same time, real incomes are under pressure, confidence has softened, and higher living costs are making households more cautious about taking on large financial commitments.

For Brisbane, that mix points to a market that should remain firmer than the weaker capital city markets, but with less room for another surge at the same pace. Growth is likely to become more selective, with better support in areas and product types where borrowing still works, especially units and lower to mid priced segments. In practical terms, Brisbane still looks positioned for further gains, but the direction from here is more likely to be moderated growth than another leg of rapid acceleration.

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

Taken together, Brisbane remains one of the country’s strongest housing markets. Values are at record highs, annual dwelling growth is running at 19.0%, the median value has moved above $1.1 million, and units are now outperforming houses. Rental growth is also still firm, which is helping keep investor settings reasonably supportive.

The market is not losing its strengths, but it is moving into a more demanding phase. Affordability, serviceability, and softer consumer confidence are all likely to slow the pace from here, even if they do not derail the market altogether. Brisbane still looks well placed relative to many other cities, though the next stage is likely to be defined by resilience and moderation rather than another burst of extreme growth.

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