Brisbane House Prices: Insights for 2025

Last Update 01/05/2025

This upward trend in property values across the city presents an exciting scenario for 2024, promising substantial opportunities for both home buyers and investors. With an economic climate that continues to foster growth, driven by strong population inflows and infrastructural developments, the Brisbane property market is ripe for exploration. Here’s what prospective home buyers and investors need to know as they navigate through the landscape of Brisbane home prices, offering insights into potential market shifts, investment opportunities, and strategic purchasing in one of Australia’s fastest-growing capitals.

In 2024, Brisbane’s property market demonstrated a robust surge, solidifying its status as one of Australia’s top-performing capital cities. The median house price reached $977,575, making Brisbane the second most expensive city in Australia and marking an 10.2% annual increase compared to the median house value of $870,526 in December 2023. All dwelling values saw a 11.2% rise, brought the median dwelling price to $890,746. This upward trajectory was driven by several key factors, including strong interstate migration, limited housing supply, and sustained demand from both investors and home buyers.

Brisbane’s growth was further supported by ongoing infrastructure projects and economic stability. The city’s appeal was enhanced by its relative affordability compared to other major cities like Sydney and Melbourne, drawing more buyers seeking better value for their investment. This trend underscored Brisbane’s strategic position in the national property market, attracting a diverse range of purchasers from first-home buyers to seasoned investors.

Despite the positive trend, there were signs of a moderating climb towards the end of the year. December recorded a 0.4% increase in house values, the smallest monthly gain since October, and a quarterly growth rate of 1.1%, the lowest since March 2023. This deceleration can be attributed to improved stock levels and affordability concerns, which began to temper the rapid price escalations experienced earlier in the year. Additionally, economic factors such as high interest rates played a role in slowing the market’s momentum.

Overall, while Brisbane’s property market remains strong, the moderated growth towards the end of 2024 suggests a more sustainable pace moving forward. This balance between growth and moderation indicates a healthy market, poised to continue attracting investment while maintaining affordability for a broader range of buyers.

Throughout 2024, Brisbane’s property market demonstrated exceptional resilience and growth, with Brisbane prices achieving record highs, a trend that will continue into 2025.

The median house price soared to an impressive $989,818 in April 2025, marking a annual growth rate of 6.8%, according to CoreLogic.

These market dynamics not only highlight the River City as an attractive destination for residential investments but also suggest promising opportunities for substantial returns. This vibrant uplift underscores the potential for further capital gains, making Brisbane suburbs a prime hotspot for real estate investments. Investors and home buyers alike are finding the Brisbane housing market increasingly appealing, indicating a robust and expanding market that could offer lucrative opportunities for those looking to capitalise on this upward trend.
Looking ahead, forecasts suggest that the River City’s property market will continue to grow. Conservative prediction sit at 2-5 per cent increase whereby SQM Research expect prices to grow between 9 to 14 per cent for 2025, influenced by factors such as potential interest rate cuts and ongoing population growth, infrastructure projects like the Cross River Rail, Brisbane Metro, and preparations for the 2032 Olympic Games. However, the market’s resilience will also depend on economic conditions, supply of new housing and policy decisions in the coming year.

For more detailed insights and trends, additional information can be found here.

The significant increase resulted in its median house value outperforming Melbourne and Canberra. As of June 2024, Brisbane’s median house value reached $937,479, positioning it as the second-most expensive city for housing in Australia, following Sydney.

This surge can be attributed to several factors. A notable increase in interstate migration to Queensland, coupled with a limited housing supply, intensified demand and drove up prices. Additionally, the city’s appeal, characterised by its lifestyle offerings and relative affordability compared to Sydney, attracted both investors and home buyers. In contrast, Melbourne’s property market faced challenges, including higher housing supply and the impact of new taxes targeting investment properties, which contributed to a slowdown in price growth.

The rapid escalation in Brisbane’s prices has raised concerns about housing affordability and accessibility. With rental vacancy rates dropping below 1%, the pressure on both buyers and renters has intensified. In response, the Queensland government has initiated policies aimed at increasing housing supply, such as setting mandatory housing targets for local councils and incentivise sustainable development near transport infrastructure.

Brisbane’s property market saw another month of modest growth, with dwelling values increasing by 0.4% in April. While all capital cities  recorded gains, the once high-flying mid-sized capitals—Brisbane, Perth, and Adelaide—have lost their position as the strongest growth markets.  This brought Brisbane’s quarterly growth to 1.0% and annual growth to an impressive 7.8%. Melbourne’s and Sydney’s dwelling values increased by 0.2%, and Canberra went up by 0.4 per cent over the last month.

Brisbane’s property market is expected to continue its upwards trajectory, though experts have mixed views. Forecasts suggest property Brisbane property prices may increase by 5% to 14% in 2025, influenced by various factors previously discussed.

Dive into Brisbane’s housing market with a visual guide to its latest trends. Using key graphs and charts, we break down property price movements, rental yields, and market surge patterns to provide a clear snapshot of where the market stands and where it’s heading. Whether you’re a buyer, investor, or simply curious, these insights will help you navigate the dynamic real estate landscape with confidence.

Source: CoreLogic

April 2025

The Australian property market is a race with no finish line, and Brisbane has made remarkable strides over the past two years. With property values increased in the early part of 2024 – rising nearly 28 per cent in two year overall – Brisbane surged past Melbourne, then Canberra, solidifying its position as Australia’s 2nd most expensive capital city by August 2024. Our dynamic race chart visualizes these shifts, giving you everything you need to know about how local trends are shaping the property landscape. Dive into the data to see why Brisbane is becoming a top choice for homebuyers and investors alike!

Source: CoreLogic

The Brisbane’s unit market exhibited strong growth, with median unit prices rising by 12.8% over the year, reaching approximately $698,500, SQM-Research reports unite price for the Brisbane Inner region of $805,718.

This surge outpaced the city’s growth since last year, which stood at 9.7% for the same period, indicating a shifting preference among buyers towards more affordable and centrally located housing options.
Several factors contributed to this trend. The relative affordability of units compared to houses attracted first-time home buyers and investors seeking higher rental yields. Additionally, lifestyle changes and a desire for proximity to urban amenities increased demand for inner-city apartments. The gross rental yield for units increased slightly by 0.15 to 4.6%, making them an appealing investment choice.

The rental market for units also experienced significant activity. Despite a tight vacancy rate of 1%, annual rent growth for units was recorded at 4.3% in April 2025. This consistent demand underscores the ongoing appeal of Brisbane’s unit market to both tenants and investors.
Looking ahead, forecasts suggest Brisbane would see its unit market grow stronger than the house market, albeit at a more moderate pace compared to 2024. However, this growth is influenced by factors such as potential interest rate cuts and ongoing population growth.

Source: SQM Research

The Brisbane housing market has demonstrated remarkable resilience and growth, driven by solid fundamentals such as limited housing supply and strong demand. Despite economic uncertainties and affordability pressures, the river city has continued to attract buyers, supported by employment growth and economic prosperity.  This resilience has positioned Brisbane as one of the leading property markets in Australia, with house prices expected to surpass $1 million by the middle of 2025.

One of the key factors contributing to Brisbane’s property market strength is the ongoing under-supply of housing. This chronic shortage has kept property prices booming, even as other capital cities have experienced declines. Additionally, Brisbane’s affordability and lifestyle compared to other major cities like Sydney and Melbourne has made it an attractive option for buyers seeking more value for their money.

Another significant factor is the strong population growth, which has bolstered housing demand. Net migration to the Grater Brisbane area remains elevated, although it has slightly decreased from the record highs seen in 2023. This increase in population, combined with resilient labour market conditions and increasing wages, has created a robust environment for property investment. The demand for larger homes and bigger blocks has also increased, reflecting a shift in buyer preferences towards more spacious living arrangements.

In summary, Brisbane’s property market continues to thrive due to its resilient fundamentals, including limited housing supply, strong demographic expansion, and economic prosperity. These factors have positioned Brisbane as a key player in Australia’s property landscape, with promising uplift prospects for the future.

Brisbane’s property market is poised for continued growth beyond 2025, driven by several key factors. The city’s strong population growth, fueled by interstate migration and international arrivals, is expected to sustain demand for housing. Additionally, the city’s robust economy, supported by diverse industries such as finance, technology, and healthcare, will contribute to its long-term stability and attractiveness for property investment.

Infrastructure development is another critical component for the long-term outlook. Major projects like the Brisbane Metro, Cross River Rail, and the Queen’s Wharf development are set to enhance connectivity and boost the local economy. These developments will likely increase property values in surrounding areas, making Brisbane an even more appealing destination for both residential and commercial investments.

Moreover, Brisbane’s lifestyle appeal, with its subtropical climate, cultural attractions, and outdoor lifestyle, will continue to attract new residents and investors. The city’s vibrant art scene, numerous parks, and recreational areas make it an ideal location for families and young professionals. As Brisbane prepares to host the 2032 Olympic Games, the anticipated economic boost and increased global visibility will further solidify its position as a leading property market in Australia.

In summary, Brisbane’s long-term property outlook post-2025 looks promising, with sustained population surge, significant infrastructure projects, and a high quality of life driving its continued success.

At Buyers Scout, we leverage our deep market knowledge and expertise to help you navigate Brisbane’s property market effectively. Whether you are buying your first home or seeking lucrative investment opportunities, our tailored services ensure you make the best decisions in the Brisbane real estate market.

We understand that buying property is a significant decision. That’s why we are committed to providing you with up-to-date, comprehensive information on Brisbane’s property market, ensuring you have all the insights you need. With Buyers Scout, you gain a trusted partner who guides you through every step of the buying process, backed by data-driven insights and a deep understanding of market dynamics.

At Buyers Scout, we are more than just Buyer’s Agents; we are your strategic partners in unlocking the potential of the South-East Queensland property market. Contact us today to learn how we can help you capitalise on the opportunities in Brisbane real estate market and secure your future in one of Australia’s most promising markets.

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