If the growth party continues this means huge gains lie ahead.
“The price of a typical Queensland home could surge by nearly $700,000 to an eye-watering $1.53 million by 2030 if the extraordinary growth of the past five years were to continue,” reports realestate.com.au.
“PropTrack data shows house prices rose by 68 per cent between 2020 and 2025, while unit prices experienced an increase of 53 per cent, reaching a new median of $642,000.”
The data comes from a PropTrack analysis which has modelled median prices in 2030 if growth trends from the last five years continue.
It is not a forecast – it doesn’t aim to predict what will happen – it’s simply an exercise in showing what might happen if price growth remains on its current path.
While whopping jumps in prices are great for those in the market, it makes home ownership further out of reach for those not yet on the property ladder.
“The data paints a frightening picture for prospective homebuyers and further emphasises the need for more affordable housing,” reports realestate.com.au.
One plan to help ease affordability woes is the Labor government election promise to build 1.2 million homes by the middle of 2029. Some say this is a drop in the ocean of what’s needed but most commentators agree that building more homes is the most sustainable way to address an out-of-whack supply and demand ratio driving prices skyward.
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