Housing market momentum that began in January has intensified following the Reserve Bank’s second interest rate cut in May. What started as expectations of modest growth has evolved into conditions similar to 2021, exceeding early-year predictions. Brisbane has firmly established itself as a million-dollar city, with a mean house price in May 2025 of $1,038,406 reflecting a 0.7 per cent monthly gain and 7.2 per cent annual growth, driven by consistent population growth and housing demand. While the market is certainly strengthening and conditions are favourable for continued price growth, fundamental differences in monetary policy settings and household financial positions suggest a more moderate trajectory than the unprecedented boom witnessed during the pandemic. Persistent construction challenges continue limiting new housing supply, providing fundamental support for existing property values. The construction industry’s ongoing struggles with labour shortages and material costs create supply bottlenecks that cannot be resolved quickly. In addition land prices aren’t coming down and will in fact be supported by lower rates. If you’re considering a move, get in touch with us for a chat about your options. We look forward to helping you realise your property goals. Kim Olsen Principal Ray White Kim Olsen Property WHAT’S HAPPENING IN OUR MARKET?
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