Wondering why the Brisbane property market feels so competitive right now? You’re not imagining it. Recent stats from Cotality (formerly CoreLogic) show that August was Brisbane’s best month since last May, with prices rising and more buyers getting active. According to their Home Value Index, Brisbane dwelling values jumped 1.2% in August, 3.0% over the quarter, and 7.9% year-on-year. That brings the city’s median dwelling value up to $949,583, meaning a 1.2% monthly increase adds roughly $12,000 to a $1 million property.
Brisbane topped all capital cities for monthly growth and stayed well ahead of the regional trend. Looking at the bigger picture, Brisbane sits solidly in the top three capital city markets for growth over both the quarter and the year.
There are also two big policy changes coming that could bring even more buyers into the market. First, starting 1 October 2025, the expanded Home Guarantee Scheme will open to all first-home buyers (no income limits, higher price caps, and unlimited places) with just a 5% deposit and no LMI. In practical terms, buying up to $1,000,000 in Brisbane could mean saving a $50,000 deposit plus costs, a huge help while supply remains tight.
Second, the August interest rate cut (down to 3.60%) means a bit more borrowing power for buyers. While another cut might depend on inflation and buyer demand, the new first-home assistance may influence how the Reserve Bank moves forward.
Construction activity is also buzzing. CoreLogic Cordell data shows Queensland has about $1.5 billion in projects lined up, with $700 million earmarked for new homes and $321 million in residential projects starting in July. However, what’s on the plans doesn’t always match what buyers need and want.
What are people looking for? Demand is especially strong for well-located townhouses and boutique apartments. Meanwhile, much of the new development is focused either on premium high-rises or land on the city’s outskirts, not always what buyers in inner and middle-ring suburbs prefer.
And when it comes to houses versus units, Brisbane is bucking the national trend. Units are leading the charge in growth here, mostly because of affordability. Entry-level properties are turning over faster, auction activity is up, and the average days on market dropped to 23 in August from 25 in July.
Listings remain tight. SQM Research reports total listings in August nudged up to 16,106 (from 15,659 in July), but that’s still 11.6% lower than this time last year, and well below the usual 28,000–30,000 Brisbane average. New listings are also down 15.7% year-on-year. This ongoing shortage of homes for sale is what’s really keeping upward pressure on prices.
Looking to get ahead in Brisbane’s competitive property market? The Finance Brokers team is by your side at every stage. We understand how overwhelming the process can feel, so we work to make securing finance as clear and stress-free as possible. Count on us to answer your questions, explain your options, and provide personalised guidance to help you make confident choices.
Thinking of buying or upgrading? Reach out to The Finance Brokers today. We’ll help you get set, so when the opportunity comes along, you’ll be ready to make it yours!