10/06/2026
$173,500 - that’s how much Brisbane house prices jumped in just 12 months.
The median house price is now around $1.236m, with overall values pushing past $1.08m.
At the same time:
• Units are up 20.5% in a year
• Brisbane is now about $241K more expensive than Melbourne
But here’s what’s changing.
PropTrack's May 2026 data now points to a clear slowdown, with rate rises starting to bite, though a sharp downturn isn’t expected given the tight supply, strong population growth and a resilient jobs market.
Instead, there's a shift in growth.
More affordable markets within reach of Brisbane, such as Ipswich (+19.4%), Logan - Beaudesert (+17.4%), and Moreton Bay - North (+16.8%), are outperforming the capital city over the last year.
That’s the difference in this next phase.
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Here's EKR Property's take on the SEQ market and what's next:
→ Due to basic supply-and-demand economics, prices will not fall off a cliff in the short- to medium-term.
→ New houses have not been, and cannot be, built fast enough to keep up with demand.
→ Build costs continue to rise, while build quality decreases, and despite proposed tax changes, I still see long-term appeal, growth and value in buying existing property on a larger parcel of land.
→ Buy in established suburbs where land is scarce, hence any new homes are being built on existing blocks, and the regentrification helps with value and growth, as the area becomes more appealing.
→ Established homes offer uniqueness and land value - unlike new estates where properties are uniform, tightly packed, and potentially investor-heavy (due to upfront negative gearing benefits), limiting long-term appeal and growth. Buyer beware!
→ The value is in the land; they are not making any more of it, and the property depreciates.
→ Remember: cash flow keeps you in the market, but capital growth gets you out of the market.
Reach out to EKR Property for strategic advice and on-the-ground assistance with sourcing, negotiating, and securing properties in Brisbane and the surrounding regions - ekrproperty.com.au.