The median house price in Brisbane is forecast to sit at around $819,000 in June 2025.
Predicted house prices in 2030 for Brisbane
So investors may assume that should the average 5.1% per year price increase continue going forward for the next 7 years, median house prices could rise to as much as nearly $1.2 million by 2030 and units to just under $750,000.
Brisbane was expected to fall by one per cent in 2023, taking prices back to $778,336 from $786,198. A six per cent increase in 2024 would take prices up to $825,036.
A near-term house price surge remains unlikely. With interest rates restrictive and with some rise in unemployment through 2023, the positive impact of demand and supply issues will be muted. This suggests that house prices will go broadly sideways to slightly up for the remainder of the year.
Brisbane's median house price could eclipse $800,000 by 2027, according to new research.
Regional areas will also see much more expensive housing as families move away from the packed cities. Estimates suggest the average Sydney home will be close to $1.8 million, up from $1.6 million. Apartments will also break the price ceiling up from an average of $780,000 to an inconsolable $1.26 million.
Prices across the country are set to slide by up to 10 per cent by the end of 2023, with Sydney, Brisbane and Canberra to be worst affected by the downturn. The latest PropTrack report predicted property values in Sydney, Brisbane and Canberra could slump by as much as 11 per cent as successive rate hikes bite.
Sydney house prices may be expensive now but they could pale in comparison to what future generations will pay. Analysis of housing trends revealed Sydney house prices will average nearly $1.8m by the end of the decade, up from $1.06m currently, if they continue rising at the same pace as the last 30 years.
au's analysis showed that, even if prices rose at a similar rate to inflation over the next five years, the median house price would still be near $1.5m in 2027.
The estimated median house price for 2023 is $719,669 and the median unit price is $503,200. According to QBE, despite the substantial growth in 2020/21 and 2021/22, Brisbane is expected to remain reasonably priced compared to Sydney and Melbourne.
Brisbane was the best performing property market in 2021, with many locations experiencing price growth of 30+%. We are now coming to the end of 2022, a year that saw the Brisbane property market continue to perform well during the first half despite the devastating floods that occurred in the first few months.
Data released by Domain on Thursday shows Brisbane property prices were down 4.9 per cent from this time last year; however, they were down just 0.1 per cent from the December quarter.
Brisbane house price growth over the last 10 years
That means that as of April 2023, the average house price in Brisbane has risen by $432,006 over 10 years. Or in other words, Brisbane's property values over 10 years have risen 45.09%.
By 2024, the bank is expecting house prices to gain 5 per cent in both Sydney and Melbourne, that prices should rise 6 per cent in Brisbane, by 8 per cent in Perth, and that there should be a 5 per cent gain nationwide.
Nationwide prices are expected to rise by approximately 2 per cent by the end of 2023. However, as the RBA potentially cuts interest rates before the end of 2023, demand pressures will contribute to a favourable environment for property prices.
Westpac has revised its house price forecasts, with dwelling values expected to stabilise in 2023 (initially forecast a -7% decline). National dwelling values are predicted to rise 5% in 2024, up from 2%.
It'll probably come as no surprise, but the best time of year to buy property in Australia is just before or just after winter. As people hibernate during the colder months, fewer properties are listed for sale. There is also a significantly reduced number of buyers.
By 2041 we will have 13 million homes, up from 10 million in 2021.
If the price rises are maintained for the rest of the year, home values will end up about 4% higher in 2023, defying earlier predictions of sharp falls of 10% or more for this year, CoreLogic says. “Economists are shredding their previous price forecasts,” said Sally Tindall, research director for RateCity.
Bad news for first home buyers: average house prices to hit $7 million by 2030 in Sydney as property values continue to grow. The average house price in some of Sydney's wealthiest suburbs could jump to $7 million in the next ten years, figures show.
Compared to other major Australian cities like Sydney and Melbourne, Brisbane offers more affordable property prices. The relatively lower entry costs allow investors to enter the market with less capital while still enjoying the potential for capital growth and rental returns.
Brisbane's home values were still down 9.4 per cent from the peak in June, 2022 and regional Queensland was down 5.4 per cent. However, prices in Brisbane rose 41 per cent during the Covid boom. The rest of Queensland jumped 34 per cent over the same period.