Brisbane City Council · Market Update
The engine room of SEQ property
Brisbane ran hard through to mid 2026, with 19.7% annual house price growth recorded to May 2026. That cycle has since cooled. What has not changed is the infrastructure pipeline behind the city: the 2032 Olympics, Cross River Rail, and Brisbane Metro.
Figures as at May 2026, trailing 12 months · Red Door Property Group Research
Talk to Our Brisbane TeamBrisbane market at a glance
$1.22M
Median house
19.7%
Annual growth
3.1%
Rental yield
0.6%
Vacancy rate
$670/wk
Median rent
18 days
Days on market
1.3M
Population
2.3%
Pop. growth p.a.
What we are seeing in Brisbane
19.7% annual house price growth in the 12 months to May 2026, since cooled
Vacancy rate 0.6% as at May 2026, among the tightest rental markets nationally
2032 Olympics driving $7.1B in infrastructure investment
Cross River Rail and Brisbane Metro transforming public transport
Interstate migration from Sydney and Melbourne accelerating demand
Infrastructure driving growth
Major government and private investment is reshaping Brisbane. These projects are creating jobs, improving connectivity, and driving property demand.
Cross River Rail – $10B+ project, opening 2029
Brisbane Metro – 18-station rapid transit network, M1 and M2 routes operating since 2025
2032 Olympics – $7.1B venue program plus $12.4B transport infrastructure
Victoria Park Olympic Stadium – proposed main Games venue (status unverified as at Sep 2026, confirm before quoting)
Our view on Brisbane
Brisbane has turned after an exceptional run. Cotality dates the peak to May 2026 and has Greater Brisbane values falling every month since, down 1.0% in August and 2.7% over the winter quarter, leaving the city 2.7% below its peak (Cotality Home Value Index, data to 31 August 2026). Over the same stretch the REIQ recorded the Brisbane LGA house median holding firm at $1.48M through the June quarter (REIQ, 31 August 2026). Both can be true: they measure different geographies over different periods. Sales volumes are down more than 20% year on year and listings are up 24%, so buyers face less competition and vendors are having to be more realistic on price. The figures on this page are as at May 2026 and describe the run up, not the market you are buying into today. We would rather say that plainly than sell you a growth story.
Over the 12 months to May 2026, Brisbane recorded 19.7% house price growth, a vacancy rate of 0.6%, and properties moving in 18 days. Those are trailing figures rather than a forecast, and we would rather you read them that way.
We are actively sourcing opportunities across Brisbane for our clients, including off market and pre market properties that never appear on the major portals. Our on the ground knowledge of this market means we can identify value where others cannot.
If you are considering buying in Brisbane, whether for your first home, an upgrade, or an investment, our team can walk you through what we are seeing right now and where we believe the strongest opportunities sit.
Thinking about Brisbane?
Book a free strategy call. We will walk you through the current Brisbane market, the opportunities we are seeing, and how we can help you move with confidence.