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Brisbane property prices have reached record highs in 2025, with houses averaging over $1 million and apartments around $720,000.
Understanding these prices is crucial for anyone considering buying in Australia's third-largest city, whether for investment or residence. The market shows strong fundamentals with Olympics infrastructure driving growth, making Brisbane increasingly attractive compared to Sydney and Melbourne's higher prices.
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As of September 2025, Brisbane houses cost around $1.02-$1.07 million on average, while apartments range from $709,000-$747,000.
Property prices have surged 80-95% over five years, with apartments showing the fastest recent growth at 12-16% annually.
| Property Type | Average Price (Sep 2025) | 12-Month Growth | Best For |
|---|---|---|---|
| Houses | $1,020,000 - $1,067,000 | 6-11% | Families, long-term growth |
| Apartments/Units | $709,000 - $747,000 | 12-16% | Investors, first buyers |
| Townhouses | $850,000 - $900,000 | 10-13% | Middle-ground option |
| Budget Suburbs | $390,000 - $615,000 | 8-12% | Entry-level buyers |
| Premium Areas | $2.2M - $2.6M+ | 5-8% | Luxury market |
| Investment Units | $650,000 - $850,000 | 12-16% | Rental yield focus |
| Up-and-coming | $690,000 - $900,000 | 10-15% | Growth potential |
What's the current average property price in Brisbane?
Brisbane property prices have reached new record highs as of September 2025, with significant variations across property types.
Houses in Brisbane now average between $1,020,000 and $1,067,000, marking the city's official entry into the million-dollar median club. This represents substantial growth from previous years and reflects strong demand driven by population growth and upcoming Olympics infrastructure.
Apartments and units show more accessible pricing at $709,000 to $747,000 on average. These properties have actually experienced faster growth rates than houses, with annual increases of 12-16% compared to houses at 6-11%. Townhouses sit in the middle ground, typically priced between $850,000 and $900,000.
The Brisbane residential market has become increasingly attractive to both local upgraders and interstate migrants, particularly those priced out of Sydney and Melbourne markets.
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How do prices differ between houses, apartments, and townhouses?
Property type significantly impacts pricing in the Brisbane market, with houses commanding the highest premiums due to land scarcity.
| Property Type | Median Price Range | Annual Growth Rate |
|---|---|---|
| Detached Houses | $1,020,000 - $1,067,000 | 6-11% |
| Apartments/Units | $709,000 - $747,000 | 12-16% |
| Townhouses | $850,000 - $900,000 | 10-13% |
| Luxury Houses (Premium Areas) | $2,200,000+ | 5-8% |
| Budget Houses (Outer Suburbs) | $390,000 - $615,000 | 8-12% |
| Inner City Units | $800,000 - $900,000+ | 14-18% |
| Outer Suburb Units | $350,000 - $510,000 | 10-14% |
Which suburbs are the most expensive, up-and-coming, and budget-friendly?
Brisbane's suburb hierarchy shows clear patterns based on proximity to CBD, infrastructure access, and lifestyle amenities.
The most expensive suburbs include New Farm with house medians approaching $2.6 million, Ascot at around $2.2 million, and Paddington, Teneriffe, and Hamilton all exceeding $1.5-$2 million. These areas offer premium river views, heritage character, and walking distance to the CBD.
Up-and-coming suburbs showing strong growth potential include Chermside and Kedron, benefiting from infrastructure improvements and transport upgrades. Bray Park and Deception Bay offer high capital growth with improving amenities. Annerley is rapidly gentrifying with median house prices now exceeding $1 million. Woolloongabba and Hamilton units are experiencing rapid price growth due to Olympics infrastructure development.
Budget-friendly options remain available, with Acacia Ridge offering house medians around $393,000, Goodna at $615,000 for houses and $410,000 for units, and areas like Bellbird Park and Deagon providing houses in the $400,000-$720,000 range.
These price differentials reflect accessibility to employment centers, transport networks, and lifestyle amenities that drive long-term value.
What are some example purchase prices for typical properties in these areas?
Specific property examples illustrate the substantial price variations across Brisbane's diverse suburb landscape.
- Premium Inner Suburbs: New Farm three-bedroom character homes regularly sell for $2.5-3 million, while Ascot family homes average $2.2 million with river views commanding premiums.
- Established Middle Ring: Chermside houses typically cost $900,000, while similar properties in Kedron range from $850,000-$950,000 depending on land size and condition.
- Growth Suburbs: Deception Bay offers three-bedroom homes for around $690,000, while Bray Park properties average $750,000 with strong sales activity.
- Budget Options: Acacia Ridge provides entry-level housing at $393,000, while Goodna offers houses at $615,000 and units at $410,000.
- Unit Markets: CBD apartments range $850,000-$1.2 million, while outer suburb units in areas like Moorooka or Goodna cost $340,000-$400,000.
How do property sizes and land surface impact average prices?
Land size significantly influences Brisbane property values, with larger blocks commanding substantial premiums due to development potential and scarcity.
Standard residential lots require minimum 450m² under current zoning, while small lots can be as little as 300m² in designated areas. New developments in upzoned or inner city locations sometimes feature blocks as small as 180-260m², reflecting density policies and land constraints.
Larger blocks, even in outer suburbs, command premium prices due to subdivision or redevelopment potential. Properties with 600m²+ blocks typically sell for 15-25% above median prices in the same suburb. Corner blocks and those with superior orientation or views can add 10-20% to values.
Proximity to CBD substantially increases price per square meter, with inner city properties often exceeding $8,000-$12,000 per m² of land value, while outer suburbs may cost $1,500-$3,000 per m².
Development potential particularly influences pricing in transitional suburbs where rezoning allows higher density development.
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What extra costs should I factor in, like fees, taxes, and stamp duty?
Brisbane property purchases involve substantial additional costs beyond the purchase price that buyers must budget carefully.
Stamp duty represents the largest additional expense, calculated on property value. For a $1 million property, Queensland stamp duty costs approximately $30,850 for owner-occupiers. An $800,000 property incurs around $21,850, while a $600,000 property costs about $9,096 in stamp duty. First home buyers may qualify for concessions on new builds as of May 2025.
Legal and conveyancing costs typically range $1,500-$3,500 depending on complexity. Building and pest inspections cost $400-$1,000 but are essential for older properties. Loan establishment fees, valuations, and mortgage insurance can add $2,000-$5,000 to upfront costs.
Ongoing costs include home insurance at $1,000-$2,500 annually, council rates ranging $1,500-$3,000 yearly, and maintenance reserves. Investment property buyers may face additional land tax, while foreign buyers encounter surcharges and additional duties.
Overall, budget $40,000-$45,000+ in additional costs for a $1 million property purchase if not eligible for first-home buyer concessions.
What would be the monthly mortgage cost for an average property?
Current mortgage costs reflect both property prices and prevailing interest rates in the Brisbane market as of September 2025.
Average owner-occupier home loan interest rates range from 4.94% to 5.99% for variable and fixed loans. For a typical $1 million property with 20% deposit, borrowers need an $800,000 loan.
Monthly principal and interest repayments at 5.5% over 30 years equal approximately $4,545-$4,600. This calculation assumes standard loan terms and doesn't include insurance, maintenance, or council rates which add roughly $400-$600 monthly to total housing costs.
For apartments averaging $720,000 with 20% deposit ($576,000 loan), monthly repayments at 5.5% cost around $3,270. Budget properties at $600,000 with $480,000 loans require approximately $2,725 monthly.
These calculations demonstrate why income requirements have increased substantially, with lenders typically requiring household incomes of $180,000+ for million-dollar properties.
How have Brisbane property prices changed compared with one year ago and five years ago?
Brisbane property price growth has accelerated dramatically, particularly over the five-year period leading to September 2025.
One-year growth shows houses increasing 6-11% while apartments have surged 12-16%, demonstrating the apartment market's momentum. Units have become the fastest-growing segment due to their relative affordability and strong rental demand from interstate migration.
Five-year growth reveals extraordinary appreciation with houses almost doubling in value, showing 80-95% increases since 2020. Apartments have similarly increased over 80% during this period. This growth significantly outpaced wage increases and inflation, reshaping affordability dynamics.
The acceleration began around March 2020 with pandemic-driven demand, interstate migration, and record-low interest rates. Brisbane's relative affordability compared to Sydney and Melbourne attracted substantial buyer interest, while Olympics infrastructure announcements further boosted confidence.
This growth trajectory has established Brisbane as one of Australia's strongest performing capital city markets over the medium term.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Australia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are the forecasts for property prices over the next one, five, and ten years?
Brisbane property price forecasts indicate continued growth, though at moderating rates compared to recent exceptional increases.
One-year forecasts predict further increases of 5-14% through 2026, with most analysts expecting 7-10% depending on interest rate movements and supply responses. The Reserve Bank's monetary policy and construction industry capacity will significantly influence these outcomes.
Five-year projections suggest continued upward trends at slower annual rates of 5-8% per year. Outer areas may experience faster growth as infrastructure improves and affordability constraints push buyers further from the CBD. Olympics infrastructure completion by 2032 should support sustained demand.
Ten-year forecasts point toward strong fundamentals supporting long-term growth. Pre-Olympics infrastructure and population growth trends suggest premium suburbs could approach $2.5-3 million for houses by 2030. Well-located or developable sites should benefit most from rezoning and transport improvements.
These projections assume continued population growth, infrastructure investment, and Brisbane's positioning as Australia's "new world city" attracting both domestic and international investment.
How does Brisbane compare with other major Australian cities?
Brisbane's property market positioning demonstrates significant value advantages compared to Sydney and Melbourne while offering strong growth prospects.
| City | House Median (2025) | Apartment Median | Annual Growth |
|---|---|---|---|
| Brisbane | $1,020,000 - $1,067,000 | $709,000 - $747,000 | 6-16% |
| Sydney | ~$1,600,000 | ~$950,000 | 3-8% |
| Melbourne | ~$1,100,000 | ~$700,000 | 2-6% |
| Perth | ~$650,000 | ~$450,000 | 15-20% |
| Adelaide | ~$750,000 | ~$480,000 | 8-12% |
| Canberra | ~$950,000 | ~$650,000 | 4-7% |
| Darwin | ~$580,000 | ~$420,000 | 1-4% |
What are the best options for living versus investment purposes?
Brisbane offers distinct opportunities depending on whether you're buying for residence or investment, with different suburbs and property types suiting each strategy.
Owner-occupiers should focus on inner and middle ring suburbs for lifestyle benefits and long-term capital growth. Units in lifestyle precincts offer accessibility for those priced out of houses, while budget suburbs still provide value for families and first-home buyers. Consider proximity to employment, schools, and transport when choosing residential properties.
Short-term rental investors should target CBD and inner suburbs near transport, tourism, or event venues. Properties near South Bank, CBD, or areas benefiting from Olympics infrastructure offer strong Airbnb potential. Factor in council regulations and body corporate rules for short-term rental permissions.
Long-term rental investors benefit from established suburbs with high rental demand and low vacancy rates. Apartments often provide better rental yields than houses, while suburbs with strong public transport access maintain consistent tenant demand. Areas near universities, hospitals, or major employment centers typically offer stable rental markets.
Resale and profit-focused buyers should consider up-and-coming suburbs like Chermside, Kedron, Annerley, Deception Bay, and Bray Park. Small-lot developments or brownfield infill sites with value-add potential offer opportunities for experienced investors willing to renovate or develop.
What are the smartest choices for buyers in today's Brisbane market?
Smart Brisbane property buying in September 2025 requires understanding market dynamics and positioning for both current conditions and future trends.
Focus on value in up-and-coming and gentrifying suburbs with infrastructure access rather than chasing premium areas at peak prices. Suburbs undergoing transformation offer better risk-adjusted returns than established expensive areas where growth may moderate.
Units and apartments currently outperform houses for both growth and yield, making them ideal for investors seeking cashflow and capital appreciation. The apartment market shows stronger momentum and more accessible entry points for many buyers.
Entry-level houses in budget northerly or south-western suburbs provide capital growth opportunities, especially properties with large land holdings that may benefit from future rezoning or subdivision potential.
Monitor interest rate trends carefully, as falling rates could push values higher by year-end or 2026. Position purchases to benefit from potential rate cuts while ensuring serviceability at higher rates.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Brisbane's property market has reached a significant milestone with median house prices exceeding $1 million, driven by strong population growth and Olympics infrastructure development.
The market offers opportunities across different price points, from budget-friendly outer suburbs to premium inner city locations, with apartments showing particularly strong performance for investors seeking growth and yield.
Sources
- Your Mortgage - Median House Prices Around Australia
- RealEstate.com.au - Brisbane House Prices Hit Record High
- NAB - Brisbane Property Market Insights
- BambooRoutes - Brisbane Property Market Analysis
- Metropole - Brisbane Housing Market Update
- Domain - Brisbane House Prices Hit Record High
- Canstar - Home Loan Interest Rates
- Money.com.au - Queensland Stamp Duty Calculator