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Yes, the analysis of Brisbane's property market is included in our pack
Brisbane's property market has officially crossed the $1 million milestone for houses in June 2025, marking a historic moment for Queensland's capital city.
After years of playing second fiddle to Sydney and Melbourne, Brisbane has emerged as Australia's second most expensive capital city, overtaking Melbourne with a median house price of $1,000,422 and showing no signs of slowing down as we reach mid-2025.
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Brisbane property prices are experiencing strong growth in 2025, with houses crossing $1 million and units showing even stronger performance at 12.8% annual growth.
The market is driven by interstate migration, Olympic infrastructure investments, and anticipated interest rate cuts, positioning Brisbane as one of Australia's top-performing property markets.
| Metric | Current Value (June 2025) | Growth Rate |
|---|---|---|
| Median House Price | $1,000,422 | 7.8% annual |
| Median Unit Price | $709,823 | 12.8% annual |
| Combined Dwelling Price | $917,992 | 7.8% annual |
| Rental Yield | 3.63% | Strong demand |
| Vacancy Rate | 1.9% | Tight market |
| Population Growth | 16% by 2032 | 1.8% annual |
| 2025 Forecast | 5-14% growth | Varies by area |
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.
What's the current median house price in Brisbane as of June 2025?
Brisbane's median house price has reached a historic milestone of $1,000,422 as of June 2025, officially breaking the psychological $1 million barrier.
This represents a remarkable 7.8% annual growth and positions Brisbane as Australia's second most expensive capital city for houses, overtaking Melbourne and trailing only Sydney. The median unit price stands at $709,823, showing even stronger growth at 12.8% annually.
The combined median dwelling price for Brisbane now sits at $917,992, reflecting the strong performance across both houses and units. Year-to-date growth for the first five months of 2025 shows the market up 2.3%, translating to approximately $20,300 in value gains.
These figures represent a dramatic transformation from just four years ago when the median house price was around $650,000 in 2021. The 54% increase since then highlights Brisbane's emergence as a major property market player.
The milestone comes after consistent monthly gains, with properties selling quickly and vendor discounting rates at just -3.1%, indicating sellers are achieving close to their asking prices in this competitive market.
Which Brisbane suburbs are experiencing the fastest price growth right now?
Several Brisbane suburbs are outperforming the broader market with double-digit annual growth rates as we reach mid-2025.
Leading the pack is Beenleigh with an impressive 11.2% annual growth, followed closely by Strathpine at 11.0% and Redcliffe at 10.9%. These areas are benefiting from improved infrastructure, relative affordability, and strong demand from both owner-occupiers and investors.
| Suburb | Annual Growth | Key Growth Drivers |
|---|---|---|
| Beenleigh | 11.2% | Transport links, affordability, urban renewal projects |
| Strathpine | 11.0% | Train station proximity, established amenities, value for money |
| Redcliffe | 10.9% | Waterfront lifestyle, infrastructure upgrades, peninsula location |
| Deception Bay | 10%+ | First home buyer activity, improving reputation, coastal proximity |
| Woolloongabba | 24% (houses) | Olympics precinct, inner-city location, gentrification |
| Clontarf | 22-24% | Bayside appeal, family-friendly, infrastructure improvements |
| Murrumba Downs | 18% | Northern growth corridor, new developments, transport links |
Inner-city suburbs near Olympic infrastructure projects are seeing exceptional growth, with Woolloongabba's median house price now exceeding $2 million after 24% annual growth. Areas along the Cross River Rail and Brisbane Metro routes are particularly sought after.
The northern growth corridor suburbs like Murrumba Downs are attracting families with their combination of affordability, new infrastructure, and proximity to employment hubs, recording 18% growth across both houses and units.
How much have Brisbane property prices increased over the past 12 months?
Brisbane property prices have recorded substantial gains over the past 12 months, with the overall dwelling market up 7.8% annually as of June 2025.
Breaking this down by property type reveals an interesting trend: units have significantly outperformed houses. The median unit price has surged 12.8% annually to $709,823, while houses have grown at a more moderate 6.5% to reach $1,000,422.
This represents a shift from the earlier pandemic boom which was predominantly house-led. The stronger unit performance reflects improved affordability dynamics, with buyers increasingly turning to apartments and townhouses as house prices reach record levels.
Monthly growth has remained consistently positive throughout 2025, with April recording a 0.4% increase and the quarterly growth sitting at 1.0%. This steady appreciation contrasts with the more volatile patterns seen in Sydney and Melbourne.
Since the COVID-19 pandemic began, Brisbane property values have risen by over 55%, making it one of the best-performing markets nationally and demonstrating remarkable resilience through various economic cycles.
What are the latest property price forecasts for Brisbane in 2025-2026?
Property market experts are predicting continued growth for Brisbane throughout 2025 and into 2026, though opinions vary on the exact magnitude.
The most conservative forecasts from major banks suggest 3-5% growth for 2025, with NAB predicting 5.4%, Westpac at 3.0%, and ANZ forecasting 5-7%. However, more bullish predictions from independent research firms are significantly higher.
SQM Research leads the optimistic camp with forecasts of 6-14% growth for 2025, citing strong migration, robust employment, and the anticipated impact of interest rate cuts. Oxford Economics projects even stronger performance, forecasting houses to rise 19% and units 23% by June 2027.
For 2026, growth is expected to accelerate further, with predictions ranging from 5.6% to 7.8% as interest rates stabilize at lower levels and Olympic infrastructure projects near completion. The consensus suggests Brisbane will continue outperforming most other capital cities.
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How do current interest rates affect Brisbane property prices?
The Reserve Bank of Australia's interest rate decisions are playing a crucial role in Brisbane's property market dynamics as we move through 2025.
After maintaining rates at 4.35% through late 2024, the RBA has begun its easing cycle with two cuts already delivered in 2025, bringing rates down to 4.10%. Market expectations point to further reductions throughout the year, potentially reaching 3.35% by December 2025.
Each rate cut historically adds approximately 0.6% per month to property values, suggesting significant upward pressure on Brisbane prices as monetary policy loosens. Lower rates improve borrowing capacity and buyer confidence, particularly benefiting first home buyers and investors.
The anticipated rate cuts are expected to be particularly impactful in the second half of 2025, potentially accelerating price growth beyond current forecasts. Markets like Brisbane with strong fundamentals typically see the greatest benefit from rate reductions.
However, lending standards remain relatively strict, with banks maintaining conservative serviceability assessments, which is helping to prevent the market from overheating despite improving affordability conditions.
Which property types are seeing the biggest price increases in Brisbane?
Units and apartments are clearly outperforming houses in Brisbane's current market cycle, marking a significant shift from previous trends.
The median unit price has surged 12.8% annually compared to 6.5% for houses, with larger, owner-occupier style apartments showing particularly strong demand. This outperformance is being driven by several key factors.
- Affordability constraints pushing buyers from houses to units
- Strong investor demand for rental properties near transport and employment
- First home buyers seeking entry-level properties in desirable locations
- Limited new unit supply coming to market
- Lifestyle preferences shifting toward low-maintenance inner-city living
Premium apartments in inner-ring suburbs are performing exceptionally well, particularly those near Olympic venues and major infrastructure projects. Two and three-bedroom units are in highest demand, reflecting both owner-occupier and investor preferences.
Townhouses, while not separately reported in most data, are following similar trends to units with strong demand from families seeking a middle ground between apartments and detached houses in terms of both price and lifestyle.
How does Brisbane compare to Sydney and Melbourne property markets?
Brisbane has emerged as a clear outperformer compared to Sydney and Melbourne, fundamentally reshaping Australia's property market hierarchy.
| City | Median House Price | Median Unit Price | Annual Growth | Market Position |
|---|---|---|---|---|
| Brisbane | $1,000,422 | $709,823 | 7.8% | Strong growth |
| Sydney | $1,486,373 | $859,811 | 1.1% | Slow recovery |
| Melbourne | $939,965 | $614,689 | -2.2% | Still declining |
Brisbane's median house price now exceeds Melbourne's by over $60,000, a reversal of historical norms where Melbourne consistently commanded higher prices. This shift reflects Brisbane's stronger economic fundamentals and population growth.
While Sydney remains Australia's most expensive city, its sluggish 1.1% annual growth pales compared to Brisbane's robust 7.8%. Melbourne continues to struggle with negative growth at -2.2%, still recovering from oversupply issues and pandemic impacts.
The gap between Brisbane and Sydney house prices has narrowed from over $600,000 to approximately $486,000, suggesting Brisbane still offers relative value despite recent gains. This price differential continues to drive interstate migration from southern states.
We made this infographic to show you how property prices in Australia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
What impact will the 2032 Olympics have on Brisbane property prices?
The 2032 Olympics are already influencing Brisbane property prices five years out from the event, with infrastructure investments totaling over $10 billion transforming the city.
Major projects including the $6.3 billion Cross River Rail, $1.7 billion Brisbane Metro, and upgrades to sporting venues are creating property hotspots in surrounding areas. Suburbs like Woolloongabba, Hamilton, Roma Street, and Dutton Park are experiencing above-average growth due to their proximity to Olympic precincts.
Historical analysis of Olympic host cities shows property prices typically rise 20-30% in the lead-up to the games, with Brisbane potentially seeing even stronger gains given Australia's property market dynamics. The legacy infrastructure will provide long-term value beyond 2032.
Areas near new transport stations and Olympic venues are seeing the strongest demand, with some inner-city locations already recording 20%+ annual growth. The Olympics are also attracting international investor interest, adding another layer of demand.
We explore this Olympic effect in detail in our Australia property pack.
How is interstate migration affecting Brisbane's property market?
Interstate migration remains one of the strongest drivers of Brisbane's property market, with Queensland leading the nation in population growth.
The state is experiencing a net gain of over 30,000 people annually from other states, with the majority settling in Greater Brisbane. This represents the highest interstate migration rate in Australia, fundamentally altering supply and demand dynamics.
Most new arrivals come from Sydney and Melbourne, attracted by Brisbane's relative affordability, lifestyle advantages, and employment opportunities. The typical interstate buyer has significant equity from selling in more expensive markets, allowing them to compete strongly in Brisbane.
This migration surge is expected to continue through 2032, with Queensland's population projected to grow by 16% over this period. The influx is particularly concentrated in lifestyle suburbs offering good value, schools, and proximity to employment.
The migration trend is creating a self-reinforcing cycle: as more people move to Brisbane, job opportunities increase, infrastructure improves, and the city becomes even more attractive to future migrants.
What are rental yields like in Brisbane compared to purchase prices?
Brisbane's rental market remains exceptionally tight, supporting solid yields despite rising property prices.
Current gross rental yields sit at 3.63% for residential properties, slightly below Melbourne (3.71%) and Adelaide (3.66%) but still attractive given Brisbane's superior capital growth prospects. The vacancy rate of 1.9% indicates strong rental demand.
Houses are achieving median weekly rents exceeding $600, while units average around $500 per week. Annual rental growth has moderated to 3.5% for houses and 4.5% for units, down from the double-digit increases seen in recent years but still outpacing inflation.
The combination of reasonable yields and strong capital growth makes Brisbane particularly attractive to investors. Total returns (yield plus capital growth) are among the highest in Australia, explaining the surge in investor activity.
Inner-ring suburbs near universities and employment hubs offer the best rental returns, with some achieving yields above 5% while still providing capital growth potential.
Where can first home buyers still afford to buy in Brisbane?
Despite Brisbane's median house price crossing $1 million, opportunities remain for first home buyers, particularly in the unit market and outer suburbs.
- Beenleigh - Houses from $650,000, strong growth potential
- Deception Bay - Entry-level houses under $600,000
- Caboolture - Growing area with houses from $550,000
- Ipswich - Satellite city with diverse options under $600,000
- Logan - Multicultural area with affordable housing options
- Redbank Plains - New developments with competitive pricing
- Goodna - Transport links with houses from $500,000
The unit market offers even better affordability, with quality apartments available from $400,000 in middle-ring suburbs. First home buyers are increasingly choosing units as a stepping stone into the market.
Government support including the $30,000 First Home Buyers Grant (extended to June 30, 2025) and stamp duty concessions for properties under $700,000 significantly improve affordability. These incentives can reduce entry costs by up to $50,000.
Many first home buyers are adopting a "rentvest" strategy, buying investment properties in affordable areas while continuing to rent where they want to live, maximizing their purchasing power in the current market.
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 property prices are definitely going up, with strong momentum expected to continue through 2025 and beyond. The answer to whether prices are rising is a resounding "Yes a lot".
With median house prices crossing $1 million, 7.8% annual growth, and even stronger unit performance at 12.8%, Brisbane has established itself as one of Australia's premier property markets. The combination of interstate migration, Olympic infrastructure, anticipated interest rate cuts, and chronic undersupply creates a compelling case for continued price appreciation in Queensland's capital.
Sources
- Property Update - Brisbane Property Market Forecast 2025
- Your Mortgage - Median House Prices Around Australia June 2025
- Hunter Galloway - Brisbane Property Market Update March 2025
- Metropole - Brisbane Housing Market Update June 2025
- Templeton Property - Brisbane Property Prices 2025 Analysis
- Capex Property - Brisbane Property Market Forecast 2025
- Buyers Scout - Brisbane House Prices 2025
- KPMG - House and Unit Prices Forecast 2025
- Property Update - Australian Property Market Predictions
- OpenAgent - Brisbane Property Market Data and Trends