04.03.2026

Brisbane Property Market Update

Unit Values Outpace Houses as Prices Surge

Brisbane’s property market continues to deliver strong growth, with the latest PropTrack Home Price Index showing dwelling values have jumped $153,500 (15.9%) over the past year, lifting the city’s median to $1.046 million — the second-largest annual increase in Australia behind Perth.

While both houses and units are rising in value, the unit market is the standout performer. Apartments in Brisbane recorded the fastest growth, up 20.3% to a median of $831,000, significantly outpacing house price gains over the same period.

This accelerated growth in unit values highlights a clear shift in buyer demand. With affordability pressures and limited stock across the market, more purchasers — including first-home buyers and investors — are turning to units as a compelling entry point into Brisbane property.

As Brisbane continues to attract strong interstate migration and benefits from infrastructure investment, the unit sector remains a key driver of market momentum, offering buyers and investors growth potential in a competitive landscape.