Brisbane Property Market Surge: House Prices Pass $1M in 2025

Brisbane is officially a seven-figure city. The median house value has surged past the $1 million mark for the first time on record in May 2025, cementing the Queensland capital’s place in the high-value tier alongside Sydney. This boom stems from three major factors: unrelenting interstate migration, a critical housing supply deficit, and intense buyer urgency. 

For those looking to invest in Brisbane real estate, this moment is a clear call to action: the market has fundamentally shifted, and those who act strategically now will capture the next wave of capital growth.

Let’s unpack the data behind this milestone and explore the drivers shaping Brisbane’s market resilience.

[Key Takeaways]

• The median house prices in Brisbane hit $1,006,000 in May 2025 and continued to rise to $1,011,000 in June.
• Brisbane is now the second-most expensive capital city market by median house value, having overtaken Melbourne and Canberra last year.
• Brisbane house values have risen 76.1% in the five years from June 2020 to June 2025. The capital recorded the strongest monthly rise of all capitals in August, at 1.2%.
• Over 99% of properties sold in the first six months of 2025 generated a profit, with the median profit on a house sale reaching $480,000.
• The Greater Brisbane population grew by 9.2% (an additional 235,000 people) between June 2020 and June 2024, far outpacing the national growth rate.

Why Brisbane’s Property Market Is Surging

The current market upswing is being powered by favourable economic conditions and unyielding demand across the housing market in Brisbane. Some major influences fuelling this growth include:

• Interstate migration: Brisbane offers incredible value compared to Sydney, and its lifestyle is a huge draw. This affordability has led to a massive influx of Australians from southern states. This population shift is backed by a job-creating Queensland economy, translating into strong, sustained demand that directly contributes to the surge of Brisbane house prices.
• Low supply: The market is now operating with a structural undersupply. The 9.2% population growth created demand for approximately 94,000 new dwellings, but only around 88,000 were completed. This shortage creates constant upward pressure on both rents and sale prices.
• The Olympic effect: The commitment to the Brisbane 2032 Olympic and Paralympic Games ensures sustained, long-term market support. While this drives massive infrastructure projects, it may also intensify the existing supply shortage by pulling workers away from residential construction.

Median House Prices in Brisbane 2025

Brisbane’s property values have continued to climb throughout 2025. The city’s median house value reached $1,011,000 in June. This highlights the exponential growth seen since the start of the COVID-era boom, where the median house value was $558,000 in June 2020. For all dwellings (including both houses and units), the median price hit $936,000, marking a strong annual surge of 9.6%. 

Brisbane has now firmly established itself as the second-most expensive capital city market, with its median house value sitting at a near-record $63,000 above Melbourne’s. This robust growth has delivered exceptional returns, with over 99% of properties selling for a profit in the first half of 2025, and the median profit on a house sale reaching $480,000.

Housing Market in Brisbane – Supply & Demand Pressures

The rapid boost to population growth has occurred at a time of constraints on housing supply, which has created urgency and boosted values in the market.

Research from Cotality confirms that the region is facing a persistent dwelling deficit because population growth has substantially outpaced new construction completions since 2020. Even with the Olympics spurring infrastructure, the competition for labour is likely to worsen this undersupply, suggesting that scarcity will remain a core driver of growth.

Rental Yield in Brisbane – Investor Opportunities

The rental market remains exceptionally tight, indicating high demand from tenants and providing positive conditions for investors, as showcased in these key metrics:

• Vacancy rate: The vacancy rate has held steady at a low 0.9%.
• Rent growth: Annual rent growth is reaccelerating, with house rents increasing by 4.3%.
• Gross rental yields: House yields saw a slight fall to 3.4%.

Suburbs Leading Brisbane’s Price Growth

While Greater Brisbane is performing well overall, several pockets within the region have recently shown some of the strongest annual median price growth, driven by a combination of infrastructure investment, gentrification, and lifestyle appeal. This strong demand, and your best chance for capital gains, is found in desirable inner-city areas and affordable high-growth corridors.

These are some promising Brisbane suburbs that stand out:

What This Surge Means for Buyers and Investors

For Buyers: High Prices and Tight Supply

For buyers, the surge firmly places the median house price in seven figures, ensuring fierce competition due to documented undersupply.

For Investors: Profit Potential and Market Resilience

For investors, the market displays high capital gains and strong cash flow fundamentals. The success rate of profitable sales and the tightening rental market suggest both resilience and opportunity, especially in high-growth regional areas.

Final Thoughts

Driven by sustained population inflows and a structural shortage in housing supply, the ongoing Brisbane property market surge has defied expectations. Its momentum has established Brisbane as a pivotal and expensive hub in the Australian property landscape.

Whether you are looking for high-performing investment opportunities in Brisbane or the rapidly growing regional Queensland areas, don’t leave your next property move to chance. Secure your investment edge with InvestorKit’s trusted local buyer’s agents today.

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