Brisbane has experienced a significant surge in its median house prices, increasing by $136,300 over the past year. This rise brings the median house price in the city to $1.15 million, positioning Brisbane’s growth at nearly three times faster than that of Melbourne, which saw an increase of 5.11 percent. The 2025 PropTrack Home Price Index, released on March 15, 2025, indicates that Brisbane’s annual growth rate stands at 13.68 percent, significantly outpacing Sydney’s 6.98 percent increase.
The report highlights that overall dwelling values in Brisbane rose by $128,400. In regional Queensland, property values increased by 12.52 percent, translating to an average gain of $94,300. Brisbane’s performance reflects a broader trend in Queensland, with five regions reporting growth exceeding 15 percent.
Regional Growth Dynamics
Among the regions in Queensland, Townsville leads with an impressive 17.23 percent increase, bringing the median house price to $600,000. Other high-growth areas include Mackay–Isaac–Whitsunday, which saw a 16.81 percent rise to $601,000, and Ipswich, where prices increased by 16.79 percent to $835,000. The report notes that Central Queensland also performed well, with a median value of $577,000 following a 15.66 percent increase.
Eleanor Creagh, senior economist at REA Group, explained that while the pace of price growth in Brisbane is slowing, the city remains one of the strongest-performing markets in Australia. She noted that both Brisbane and the Gold Coast are benefitting from the upcoming 2032 Olympic Games, which is driving infrastructure spending and attracting investors.
Creagh observed that, “The Gold Coast is still one of Australia’s strongest housing markets in level terms, with annual price growth still running well above the national average.” However, she cautioned that momentum has eased slightly compared to the sharp acceleration seen in 2023 and 2024.
Market Trends and Future Outlook
The residential property market in Queensland continues to attract attention from southern buyers. These individuals are capitalizing on the price disparity with southern capitals, taking advantage of improved borrowing conditions due to recent interest rate cuts. Creagh highlighted that areas like Townsville and Cairns are witnessing significant growth, with Townsville in particular maintaining a strong upward trajectory.
Cairns is currently stabilizing, transitioning into a steadier phase following substantial increases earlier in the property cycle. This trend reflects a broader shift in Greater Brisbane and the Gold Coast, where growth rates may be settling into a more sustainable rhythm.
The data reveals that Brisbane’s growth rates for all dwellings rank third among Australia’s capital cities, with only Perth and Darwin exhibiting higher increases. For all dwellings in Brisbane, the annual growth stands at 13.68 percent, while the Gold Coast also maintains a robust market presence.
Looking ahead, the continued interest in Queensland’s property market suggests that both local and national economic factors will play crucial roles in shaping future growth. As infrastructure developments linked to the Olympics progress, Brisbane and its surrounding areas may see sustained interest from buyers and investors alike, reinforcing their positions as key players in Australia’s evolving real estate landscape.
