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4 MIN READ | By Danielle Clark | Updated on August 20, 2025Brisbane continues to lead Australia’s housing market, delivering double-digit annual growth and holding its position as one of the strongest capital city performers.
The Australian property map has been redrawn. For the first time, Brisbane’s median house price has officially overtaken Melbourne’s, hitting a new high of over $1 million in July 2025. This isn’t a temporary blip; it’s a fundamental shift that positions Brisbane as Australia's second most expensive capital city for houses, behind only Sydney.
For years, Brisbane was seen as the affordable alternative. That era is over. Since 2020, Brisbane house values have surged by an incredible 76%, closing the price gap with its southern rivals. The conversation is no longer about Brisbane being cheap, it's about its strong economy, major infrastructure projects, and unbeatable lifestyle.
Why Prices Keep Rising: A Perfect Storm of High Demand & Low Supply
Two key forces are driving Brisbane's market into overdrive:
- Massive Population Growth: Queensland is Australia’s #1 destination for people moving interstate. This flood of new residents, many arriving with cash from more expensive Sydney and Melbourne markets, has created huge demand for housing.
- A Critical Shortage of Homes: There simply aren't enough homes to go around. The number of properties for sale is down by as much as 34% compared to the five-year average. At the same time, new home construction has failed to keep pace with population growth.
This imbalance creates a "pressure cooker" market. With too many buyers competing for too few homes, well-priced properties are selling in as little as 24 days.
What's Next? Your Strategy for FY2026
While the explosive price growth of the past few years will likely cool to a more sustainable rate (experts predict 4% to 6% growth in 2025), the market’s foundations remain incredibly strong.
Three key factors will continue to drive growth:
- Unstoppable Migration: People will keep moving to Queensland, ensuring strong, ongoing demand.
- The 2032 Olympics: Billions in infrastructure spending will create jobs, improve transport, and boost property values for years to come.
- Record-Low Vacancy Rates: With rental vacancies hovering around a tiny 1.0%, landlords can expect strong rental income and high demand from tenants.
Navigating this new landscape requires a clear strategy. In a market this competitive, acting with precision is key to finding properties that will outperform the market and deliver superior long-term results.
How LongView Can Help:
At LongView, we help clients:
- Find high-performing suburbs using our proprietary analytics and local insight.
- Optimise your rental portfolio to improve yield, tenant experience, and property condition.
- Unlock equity in your home without refinancing through our HomeFlex offering.