Brisbane Home Prices Set for Double-Digit Growth in 2025 Forecast

Brisbane Home Prices Set to Rise in 2025

Brisbane’s home prices are expected to grow significantly in 2025, outperforming other Australian capitals. The latest forecast from SQM Research predicts an increase of 9 to 14 percent, translating to a median dwelling price rise of $77,000 to $120,000.

If the Reserve Bank of Australia cuts interest rates by 25 to 50 basis points in 2025, Brisbane might see prices jump by as much as 16 percent. This spike could increase the median dwelling price in the city to $1 million, surpassing the average salary.

Louis Christopher, the author of the report, noted there are no signs of a slowdown in Brisbane’s real estate market. He expects 2024 will mark the twelfth consecutive year of price growth.

Christopher highlighted Brisbane’s ongoing population growth, estimated at 2.5 percent for 2024. This trend is increasing pressure on the already tight housing market.

Currently, only Perth is forecasted to have faster price growth than Brisbane, with expected increases of 14 to 19 percent. Other capitals will struggle to match Brisbane’s momentum.

The report also anticipates a decline in home prices in Sydney and Melbourne, projected to fall between -5 and -1 percent in 2025. This trend will likely drive demand for Brisbane homes from buyers priced out of southern capitals.

Christopher emphasized Brisbane still offers relative value compared to other major cities. The forecast for 2025 assumes interest rates will be cut, stimulating homebuyer demand across Australia.

Canberra is expected to see the largest decline in home prices, with a drop between -6 and -2 percent.

In summary, Brisbane remains an attractive market with strong growth potential, appealing to buyers from more expensive regions.