Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so in 2025. Dwelling values in Brisbane continued to record positive growth, increasing by +0.4% for the month of March, with first quarter 2025 growth of +0.9%. The median dwelling value sits just under the $900,000 threshold at $899,824, with the city remaining the second most expensive capital in the country, following annual growth of +8.6%. While sales volumes have moderated (in particular due to the impacts of excyclone Alfred), the broader increase in property listings is starting to provide buyers with more options, easing competition and contributing to the slowed momentum of value growth. There are many reasons why Brisbane has such a robust property market, but the main one is immigration. Queensland’s population is expected to grow by over 16% by the time Brisbane hosts the Olympics in 2032. That’s a lot of people who will need somewhere to live, and most of them will be moving to the Greater Brisbane area. New housing supply is expected to remain constrained amid high Welcome costs, a scarcity of skilled trades and compressed profit margins. The cumulative undersupply of housing will take some time to address. Housing construction costs are still rising from an already high base, creating ongoing feasibility challenges for builders and developers. We are seeing strong demand for detached houses in Brisbane, particularly in the inner and middle ring suburbs, and outstanding demand for lifestyle areas. Over the longer term, Brisbane is well-positioned for steady growth, driven by its strong fundamentals and ongoing appeal to home buyers and investors alike. If you’re considering a move, get in touch with me for a chat about your options. I look forward to helping you realise your property goals. Kris Matthews Harcourts Property Partners
RkJQdWJsaXNoZXIy MTI3ODI1