Are Brisbane house prices dropping in 2026? The short answer is no. Brisbane’s property market has entered 2026 at record highs, with median house prices now sitting around $1.1 million to $1.15 million after strong growth through 2025.
While price growth is slowing compared to previous years, the overall trend remains upward. Buyers are still active, supply is still limited, and forecasts from major banks and analysts continue to point toward further price increases.
If you are thinking about buying, selling, or investing, here is what is actually happening in the Brisbane housing market right now.
Brisbane Housing Market 2026 Update
Current Brisbane house prices and trends
Brisbane continues to be one of the strongest performing property markets in Australia.
- Median house price Brisbane: around $1.1M to $1.15M
- Annual growth: high single digits to low double digits recently
- Median unit price Brisbane: growing faster than houses in many suburbs
This follows a sharp rise in 2025, where Brisbane house prices increased by roughly 14 percent, pushing the market into new record territory.
The Brisbane property market remains resilient due to population growth, tight housing supply, and strong demand from both homebuyers and investors.
Why Brisbane house prices are still rising
Housing supply shortage Brisbane
One of the biggest drivers of Brisbane house prices is the ongoing housing shortage. New construction is not keeping up with demand, particularly for detached homes.
Low stock levels mean buyers are competing for fewer properties, which continues to push prices higher.
Population growth and migration to Queensland
Queensland continues to attract strong interstate migration, especially from Sydney and Melbourne.
More people moving into Brisbane means more demand for housing, which supports ongoing price growth.
Brisbane Olympics 2032 property impact
The upcoming Brisbane 2032 Olympics is boosting long-term confidence in the market.
Infrastructure projects, transport upgrades, and urban development are increasing demand in well-connected suburbs.
Interest rates and affordability
Interest rates are no longer rising sharply, but affordability is becoming a bigger factor.
This is slowing the pace of price growth, not causing prices to fall. Buyers are becoming more selective, and some are shifting toward units or outer suburbs.
Brisbane Property Market Forecast 2026
Most forecasts for Brisbane property prices in 2026 remain positive.
| Source | Brisbane house price forecast 2026 |
|---|---|
| KPMG | ~10.9% growth |
| Major banks | ~4% to 5% growth |
| SQM Research and analysts | ~7% to 11% growth |
| Domain and PropertyUpdate | ~5% growth |
Even the most conservative forecasts still expect Brisbane property prices to increase in 2026.
Is Brisbane a buyer’s or seller’s market in 2026
Brisbane is still a seller’s market, but conditions are becoming more balanced.
Sellers benefit from low supply and strong demand, allowing them to achieve solid sale prices.
Buyers, however, are starting to see:
- Less intense competition compared to previous years
- Slightly more negotiation opportunities
- Better value in units and outer suburbs
Well-priced properties are still selling quickly, especially in high-demand areas.
Where buyers are shifting in Brisbane
As affordability tightens, buyer behaviour is changing.
More buyers are now:
- Looking at outer suburbs for better value
- Choosing units over houses due to lower entry prices
- Targeting suburbs with strong transport links and future infrastructure
This shift is one of the key Brisbane property trends in 2026.
Will Brisbane house prices drop in 2026
A broad price drop in Brisbane is unlikely based on current conditions.
For prices to fall significantly, one of the following would need to happen:
- A sharp increase in interest rates
- A major surge in housing supply
- A downturn in the economy
Right now, none of these factors are present at a scale large enough to push prices down across the market.
Some segments may soften slightly, particularly:
- Overpriced properties
- High-density unit markets with oversupply
But overall, Brisbane house prices are expected to continue rising.
Best suburbs in Brisbane for future growth
Some Brisbane suburbs continue to show strong long-term potential due to location, demand, and infrastructure.
- Paddington offers strong inner-city demand and character homes
- New Farm continues to deliver consistent capital growth
- Coorparoo provides a balance of affordability and connectivity
These suburbs remain popular among both owner-occupiers and investors.
Should you buy property in Brisbane in 2026
Buying property in Brisbane in 2026 depends on your financial situation, but the fundamentals remain strong.
Brisbane still offers:
- Better affordability compared to Sydney and Melbourne
- Strong population growth
- Long-term infrastructure investment
- Consistent demand from renters and buyers
Waiting for prices to drop may not be the best strategy, as forecasts suggest continued growth rather than a decline.
FAQs about Brisbane house prices 2026
Are Brisbane house prices dropping in 2026
No, Brisbane house prices are not dropping in 2026. Most forecasts predict growth between 4 percent and 11 percent, depending on the source.
Why is Brisbane property still increasing
Brisbane property prices are rising due to strong demand, population growth, limited housing supply, and long-term infrastructure investment.
Will Brisbane property crash
A property crash in Brisbane is unlikely under current conditions. The market is slowing, but the fundamentals supporting growth remain strong.
Is Brisbane still a good place to invest in property
Yes, Brisbane remains a strong investment market due to affordability, demand, and future growth potential.