Values in Brisbane have skyrocketed by 76 per cent since 2020, positioning our market as Australia’s second most expensive capital city after Sydney.
As of May 2025 Brisbane’s median house price hit $1,006,000, up from $996,000 the previous month and $942,000 the same time last year, according to Cotality (formerly CoreLogic). In June 2025 the Brissie median climbed to $1,011,000.
“One of the biggest driving factors of the Brisbane house market has likely been the surge in demand from a shift in interstate migration, with the Greater Brisbane population growing by 9.2 per cent over the past four years,” Cotality reports.
“The rapid boost to Brisbane’s population growth at a time of constraints on housing supply is likely what led to a substantial boost in values – and urgency – in the housing market.”
The pace of growth has placed Brisbane firmly in the capital city fast lane, overtaking Canberra’s median price in October last year and Melbourne’s in June last year.
But the gap to reach Sydney house prices continues to widen, with median prices more than half-a-million dollars apart.
For those in the market, the growth party means profit making sales are almost guaranteed, and with strong buyer interest, now is a great time to sell.
For those wanting to break into the market, it can be tough, but home ownership remains achievable with different price points evident across different property types and locations. The median price for units is still hovering closer to $700,000, and you will find good properties for below that price.
Ready to make your move in a moving market? Find out how much your property is worth or talk to us about selling.
