Queensland’s property market has recorded a near 40 per cent sales slump.
Queensland’s property market has recorded a near 40 per cent sales slump, but new data shows demand has not disappeared – it has simply shifted to key affordable corridors.
PropTech firm InfoTrack has released its latest Property Market Update, analysing sales from 1 April to 30 June 2026.
The report revealed house sales dropped 38.9 per cent, units fell 37.8 per cent, and vacant land declined 36.5 per cent compared to the previous quarter.
While house sales were down significantly across the state, activity was most concentrated in Brisbane’s commuter corridors and growth-estate corridors in Townsville, which accounted for a large share of transactions despite the broader market slowdown.
37 Greenhaven Circuit, Narangba is on the market at offers over $1.049m.
InfoTrack’s chief operating officer, Lee Bailie, said the figures reflected a shift in buyer behaviour rather than a fall in underlying demand, with activity becoming more concentrated in specific affordable locations.
“A near 40 per cent drop in sales is significant, but it doesn’t mean demand has disappeared. Instead, we’re seeing a reshaping of the market where transactions concentrate in more affordable corridors,” Mr Bailie said.
“Buyers are focusing their activity in well-connected, value-driven locations instead of spreading across the state.”
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41 McAndrew Street, Caboolture is for sale at offers over $1.05m.
Moreton Bay and Ipswich regions led house sales across Queensland, dominating the top 10 suburbs for the quarter.
Moreton Bay claimed four positions, with Morayfield rising from sixth place in the first quarter to take the top spot, followed by Caboolture at number three, Burpengary at five, and Narangba entering the rankings for the first time at number eight.
InfoTrack COO Lee Bailie. Picture: Josh Mercer
“Narangba’s entry into the top 10 reflects the depth of demand across the Moreton Bay corridor,” Mr Bailie said.
“It’s a suburb that tends to attract young families and working professionals, supported by established transport links and ongoing investment in commuter infrastructure.” Ipswich also performed strongly, with Springfield Lakes reclaiming second position and Redbank Plains securing fourth place.
1 Marco Way, Burdell is for sale at offers over $849,000.
Further north, Townsville’s growth corridor recorded notable momentum, with Burdell breaking into the top 10 for the first time following a 10.5 per cent increase in sales to the previous quarter.
“Burdell’s entry into the top 10 reflects the impact of large-scale estate developments such as North Shore, where around 2,600 homes have already been delivered and significant new housing supply continues to come to market,” Mr Bailie said.
Townsville’s growth corridor recorded notable momentum.
“A high proportion of sales for the suburb are sitting in the $700,000 to $800,000 range, highlighting the role these planned communities are playing in delivering more attainable house-and-land options in emerging corridors.”
“The Queensland market is clearly recalibrating after a period of strong price growth.
“Activity is now consolidating in a handful of high-growth, affordable corridors,” Mr Bailie said.
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