Brisbane Property Market Hits $1.12M as New Projects Drive Unit Growth

Brisbane's median dwelling value reached approximately $1.12 million in May-June 2026, according to recent market tracking, even as monthly price momentum slowed to 0.3 percent in June.

Three RBA rate hikes this year have lifted the cash rate to 4.35 percent, pushing auction clearance rates down to 39.4 percent and giving buyers more room to negotiate. The shift has cooled overall sales volumes, which fell 2.4 percent, while total listings rose between 5.9 and 13.6 percent year-on-year in recent months.

Units Outperform Houses in June Quarter

Unit values grew 2.2 percent in the June quarter compared with 1.1 percent for houses, lifting the median unit value to $885,000. This outperformance has drawn attention to new apartment projects that continue to attract buyers despite the broader moderation.

Sarazin's two-tower The Stanley development in New Farm will deliver 447 apartments, while Frasers' updated Newstead project adds 70 apartments. Ten major apartment launches are underway across South Brisbane, Toowong, Woolloongabba, Yeerongpilly and New Farm, supported by the Woolloongabba Priority Development Area scheme amended in October 2025.

Rental Pressure Adds to Buyer Caution

Vacancy rates sit at 0.8-0.9 percent, below the national 1.2 percent, driving annual rent growth of 6.6 percent. Listings remain 12-21 percent below last year's levels in many segments, keeping supply tight even as some buyers gain leverage.

Market participants are watching how the combination of higher rates and steady unit supply shapes decisions through the second half of 2026. Prospective buyers can review current development applications through Brisbane City Council's Development.i tool and compare recent sales data before entering negotiations.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.