Brisbane’s property market has delivered one of the strongest annual performances of any capital city in Australia. Dwelling values have risen 17.4% over the past 12 months, with the median dwelling value now sitting at $1,118,306. Houses recorded annual growth of 16.8%, while units outperformed with a remarkable 20.3% rise — reflecting a growing wave of buyers seeking affordability in the apartment market as detached house prices push further beyond reach.
For existing property owners, this growth represents a significant accumulation of equity. Many homeowners who purchased in Brisbane over the past five years are now sitting on gains of 76.6% over that period — and 119% over the past decade. Whether you’re considering refinancing, upgrading, or leveraging equity to invest, the current environment presents genuine opportunity for those who understand how to use it.
For prospective buyers, the picture is more nuanced. While monthly growth has slowed to 0.3% — signalling a market that is cooling from its earlier rapid pace — Brisbane remains at peak value levels and is not expected to reverse. Buyers entering the market now face higher prices than two years ago, but they are also buying into a market with strong long-term fundamentals: population growth, the 2032 Olympic pipeline, and sustained demand that is structurally driven rather than speculative.
For renters, rising property values have a complicated relationship with rental affordability. As purchase prices increase, more people remain in the rental market for longer — adding further demand pressure to a sector already operating at a 1% vacancy rate. The rental market and the sales market are not separate systems; they are deeply interconnected.
Understanding what these numbers mean for your specific situation — whether you’re an owner, investor, buyer, or renter — requires local knowledge and personalised advice.
Sapphire Estate Agents Queensland has its finger on the pulse of Queensland’s property market. Contact our team today for an honest, informed conversation about what the market means for you.
