Queensland

Brisbane property market

The strongest performing capital of the past three years, supported by interstate migration and a tight rental market.

Median house: $1,128,000
Median apartment: $704,000
Annual: +8.6%
Clearance: 62.8%
Gross yield: 3.8%

Last updated 27 August 2026

Trends

Selected series for this market

Dwelling approvals, Greater Melbourne2017–2026

Source: ABS Building Approvals 8731.0 · 2026 figure annualised from January–July data.

Annual population growth, Victoria2019–2026

Source: ABS National, state and territory population

Brisbane coverage

A street of timber Queenslander houses in suburban Brisbane

Markets

Brisbane house prices continue to outperform southern capitals

Interstate migration has slowed from its 2023 peak but remains net positive, and Brisbane's rental vacancy rate of 1.0 per cent continues to push renters into ownership earlier than in the southern capitals.

Eleanor Hale/26 Aug · 11:20am