Brisbane property downturn deepens as home prices fall for a sixth month

Brisbane’s housing downturn has stretched into a sixth straight month as higher interest rates and weaker buyer demand continue to weigh on the once-booming market. The latest PropTrack Home Price Index, released Thursday, shows Brisbane home prices fell 0.2 per cent in September, taking the median value to $1.033m. Brisbane home prices have dropped for a sixth straight month. Prices are now 3.9 per cent below their March peak, wiping approximately $42,000 from the value of the typical Brisbane home in just six months. Despite the sustained decline, Brisbane values remain 4.1 per cent higher than a year ago. It marks a dramatic turnaround for a housing market that had previously enjoyed more than three years of almost uninterrupted price growth. Brisbane prices first began falling in April, which was the first monthly drop since November 2022. Brisbane’s median home price dropped 0.2 per cent in September. Picture: Brisbane City Council. Queensland’s regional markets are proving more resilient, with prices in regional Queensland holding flat over the month — still 6 per cent higher than September 2025, though they are now 1 per cent below peak. The Gold Coast’s median home price sl...