Brisbane property market update, June 2025

One of the key features of Brisbane’s ongoing growth is the pronounced shift towards more affordable housing segments. The lowest 25th percentile of dwelling values has seen the fastest pace of growth, indicating heightened activity among first home buyers and investors who are seeking high value at more accessible price points. This affordability-driven momentum is helping to diversify the city’s buyer base and create broader market strength.

Brisbane’s unit sector continues to outperform houses, with units showing stronger monthly, quarterly, and annual growth. This trend reflects changing buyer preferences, particularly among younger professionals and downsizers who value convenience, amenity access, and affordability. Well-located units and townhouses within inner-city precincts are seeing particularly high levels of demand.

Days on market increased slightly from 22 days in May to 25 days in June, suggesting a modest slowdown in transaction speed. However, this is still relatively low in historical terms and continues to indicate strong underlying demand. Similarly, auction clearance rates rose to 59.1 per cent in June, up from 56.5 per cent the previous month.

Nationally, dwelling values rose by 0.6 per cent in June, with Brisbane’s 0.7 per cent monthly growth and 2 per cent quarterly uplift placing it ahead of Sydney (+0.6 per cent), Melbourne (+0.5 per cent), and Adelaide (+0.5 per cent). Only Perth (+0.8 per cent) and Darwin (+1.5 per cent) achieved stronger monthly gains, reaffirming Brisbane’s position among the top-performing markets in the country. Over the past five years, Brisbane’s values have grown by 75.1 per cent, with a 92.5 per cent increase recorded over the past decade.

The broader economic backdrop in June was also supportive. The Australian Bureau of Statistics’ monthly consumer price index indicator showed inflation easing to 2.1 per cent annually, its lowest level since October 2024, suggesting that cost-of-living pressures are easing. Coupled with weak GDP data and soft labour force numbers, this has strengthened market expectations that the Reserve Bank of Australia (RBA) will lower the cash rate by 25 basis points in July, potentially to 3.6 per cent. Lower interest rates not only reduce borrowing costs but also lift buyer sentiment and increase borrowing capacity.

In Queensland, labour market data was particularly encouraging. Job vacancy rates increased by 6 per cent year-on-year, the highest growth among all Australian states. This trend suggests continued employment demand and economic stability, both of which underpin buyer confidence in the property market. Additionally, the ongoing strength in rental markets, especially for units, is providing investors with reliable income streams, making Brisbane a highly attractive investment destination.

The Queensland state budget 2025–26 delivered further positive news for the housing sector. Key initiatives included the Boost to Buy scheme, which offers equity contributions of up to 30 per cent for new homes and 25 per cent for existing homes (up to a $1 million cap). With income limits of $150,000 for singles and $225,000 for couples, the scheme is designed to support first home buyers into the market. The extension of the $30,000 First Home Owner Grant and a $500 million annual commitment to deliver 53,500 social and community homes by 2044 will also increase housing demand and supply across the state.

Adding further depth to Brisbane’s housing story is the city’s emergence in the prestige property market. According to the Westpac Prestige Property Report 2025, Brisbane recorded 139 sales over $5 million in the past year, a new record, and a 25 per cent increase year-on-year. High-value transactions were concentrated in elite suburbs such as Hamilton (14 sales), New Farm (12), and Ascot (10), known for their riverfront locations and luxury appeal. This surge in prestige sales places Brisbane on par with more established luxury markets and signals growing recognition of the city as a premium lifestyle destination for affluent buyers.

Source: Cotality

Collectively, these factors paint a picture of a city in growth mode – diversified, resilient, and increasingly in demand. Whether it’s first home buyers supported by new incentives, seasoned investors capitalising on strong yields, or high-net-worth individuals entering the prestige segment, Brisbane’s property market continues to offer compelling opportunities.

Brisbane dwelling values

Brisbane’s median dwelling value reached $926,243 in June 2025, with Cotality reporting a 0.7 per cent monthly rise, 2 per cent quarterly increase, and 7 per cent year-on-year growth. PropTrack echoed this strength, reporting a 0.3 per cent monthly increase, slightly higher than May’s 0.24 per cent.

Source: Cotality

Market segmentation data reveals the strongest growth in the most affordable quartile, highlighting persistent affordability-driven demand. Brisbane remains at its value peak, reflecting cumulative growth of 75.1 per cent over five years and 92.5 per cent over the past decade.

Compared to other capitals, Brisbane’s quarterly dwelling value growth trails only Darwin (+4.9 per cent) and Perth (+2.1 per cent), reinforcing its position among Australia’s strongest housing markets.

Source: Cotality

Brisbane house values

Brisbane’s house market continued its upward trajectory in June, with Cotality reporting a 0.7 per cent increase in median house values to $1,010,566. This represents 1.9 per cent quarterly gain and 6.3 per cent annual rise. Growth in June was stronger than May’s 0.5 per cent, indicating renewed momentum.

Source: Cotality

PropTrack data supports this trend, showing a 0.2 per cent increase in house values in June, consistent with May’s moderate growth.

Among capital cities, Brisbane’s house market performance continues to be competitive, with only Perth and Darwin posting stronger recent monthly gains.

Brisbane unit values

Brisbane’s unit market outshone the housing sector again in June, with Cotality recording a 1 per cent increase in median unit values to $718,196. Quarterly growth held steady at 2.4 per cent, while annual growth stands at 10.9 per cent. Although the monthly growth slightly slowed from May’s 1.1 per cent, the segment remains the best-performing in Brisbane.

Source: Cotality

PropTrack’s data shows unit values rose 0.6 per cent in June, a marked uptick from the 0.18 per cent reported in May. This reinforces the strong buyer preference for more affordable, low-maintenance properties.

Brisbane’s rental market

Rental conditions in Brisbane remain tight. The vacancy rate fell to 0.9 per cent in May from 1 per cent in April, underscoring persistent supply shortages. Annual rent growth for houses rose to 3.4 per cent, up from 3.2 per cent in May, while unit rents increased 5.1 per cent year-on-year, up from 4.5 per cent the previous month.

Source: Cotality

Gross rental yields remain stable at 3.5 per cent for houses and 4.5 per cent for units. These yields are attractive to investors, especially in light of Brisbane’s capital growth trajectory and the anticipated reduction in interest rates.

Investor participation remains high, with 38.8 per cent of Queensland housing finance commitments attributed to investors. First home buyers also remain active, making up 26.4 per cent of finance commitments. This figure is likely to grow with state-level incentives now in place.

Summary

Despite global uncertainty in June, Brisbane’s property market has continued to perform strongly. Buyers remain confident, encouraged by economic stability, falling inflation, and the likelihood of lower interest rates. Quality properties, especially inner-city units and townhouses, continue to sell quickly, with demand in these segments particularly elevated.

Looking ahead, Brisbane is well-positioned for further moderate price growth throughout 2025. The combination of a tight rental market, strong investor interest, government support for first home buyers, and a resilient local economy all point to ongoing strength in the housing sector.

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