Up $136k in a year: Brisbane house price surges as Qld booms

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Brisbane has seen a massive $136,300 increase in its median house price in the past year.

Brisbane’s median house price has jumped $136,300 in a year, rising three times faster than Melbourne, as five Queensland regions top 15 per cent growth.

The final PropTrack Home Price Index of the year, released Monday, found Brisbane (13.68pc) is still running far hotter than Sydney (6.98pc) and Melbourne (5.11pc) despite signs of easing in some pockets.

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Overall Brisbane dwelling values rose by $128,400, while regional Queensland increased 12.52 per cent or $94,300 in just one year.

Brisbane’s median house price increased by $136,300 to $1.15 million across 2025 – second only to Perth’s $142,300. But the Queensland capital’s unit surge topped the nation, jumping $121,200 in just one year to $788,000, more than double Sydney’s $52,500 increase.

REA Group senior economist Eleanor Creagh said “the pace of price growth is slowing in Brisbane, but it still remains one of the strongest performing markets in the country”.

“Brisbane and Adelaide prices are still rising at a much faster pace than Melbourne, particularly this month. Brisbane’s monthly growth was three times as fast.”

REA Group senior economist Eleanor Creagh at the Future Brisbane event at the Star in October. Picture, John Gass

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Five Queensland SA4 regions posted annual growth above 15 per cent, led by Townsville (17.23 per cent to $600,000) – despite being pipped for top spot for the first time in years by Perth North East (17.39pc).

Median values in Queensland’s highest-growth regions range from $577,000 in Central Queensland (15.66 per cent) to $835,000 in Ipswich (16.79 per cent), with Mackay–Isaac–Whitsunday (16.81 per cent, $601,000) and Toowoomba (15.81 per cent, $744,000) in between.

Ms Creagh said both Greater Brisbane and the Gold Coast are “likely benefiting from the 2032 Olympic plans” driven by infrastructure spending and continued investor activity at a time when lower interest rates have improved borrowing power with listings tight.

“The Gold Coast is still one of Australia’s strongest housing markets in level terms, with annual price growth still running well above the national average,” she said, “But momentum has eased slightly into late 2025, compared with the sharp acceleration in 2023 and 2024.”

Qld’s top SA4 region annual median home price growth:

Townsville 17.23% to $600,000

Mackay–Isaac–Whitsunday 16.81% to $601,000

Ipswich 16.79% to $835,000

Toowoomba 15.81% to $744,000

Central Queensland 15.66% to $577,000

Source: PropTrack|

Five Qld regions have seen growth surge above 15 per cent led by Townsville.

Ms Creagh said Brisbane and the Gold Coast may be settling into a more sustainable pace of growth, where conditions are less frantic.

Southern buyers “pushing down the value chain” are still pouring into Queensland, Ms Creagh said, taking advantage of the price gap with southern capitals as interest rate cuts boost borrowing capacity.

“Both Townsville and Cairns are benefiting from relative affordability advantages,” she said.

“Townsville continues to record a very strong pace of growth.”

“Cairns isn’t accelerating, but is similar to Brisbane and the Gold Coast, transitioning into a steadier, more sustainable phase after very strong price rises earlier in the upswing.”

Of Australia’s highest capital city growth rates for all dwellings, Brisbane’s pace was third (13.68 per cent) behind Perth (15.48 per cent) and Darwin (14.06 per cent) – followed by the rest of Western Australia (13.23 per cent) and the rest of Queensland (12.52 per cent).