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Summer 25/26
Brisbane Prestige
Residential
Prestige
Brisbane prestige residential sale transactions above $3 million tallied to 126 in Q3 2025, being 14% lower than the previous quarter This was shaped by a lower number of properties listed for sale across the market whilst global uncertainty continues to have an impact on decisionmaking Over the past year, the total number of prestige sales was 11% lower, reaching 547 sales. As a benchmark, over the past five years, the annual average was 374 sales
Super-prestige sales
The share of super-prestige sales (above $5 million) was recorded at 18%, after analysing the total number of prestige sales (above $3 million) across Brisbane in the year ending Q3 2025. This was lower than one year ago when the proportion was 19% but above the 17% share recorded five years ago Over the past year, Brisbane’s super-prestige sales volume fell by 17% but has grown by 646% over the past five years
Tracking the total number of prestige sales ($3m+) each quarter
Brisbane prestige
Share of super-prestige sales ($5m+), by number
Brisbane prestige
Duration +34 days
Prestige homes across Brisbane averaged 90 days on market in the year ending Q3 2025, from the time they were listed to the day they went under contract This duration was 79 days a quarter ago (+11 days) and 56 days one year ago (+34 days) A lower number of days on market tends to mean homes are selling faster with more desirable properties, while a higher number of days suggests a slower market with above market values. Looking back over the five-year average, it has taken 82 days to sell a home
Tracking average days on the market
Newly advertised property listings in Brisbane were 16 4% lower in the month of September 2025 than the equivalent period last year, according to Cotality This change trended below the Australian average of -10.3% and below the -11.2% across Australian capital cities
Brisbane’s total number of listings in the month of September 2025 were 15.8% below the equivalent period last year, according to Cotality By comparison, the Australian average change for total listings was -13.3% and across Australian capital cities was -13 6%
Brisbane prestige property prices rose by 3 4% in the year ending Q3 2025, with a rise of 0 6% recorded in the last quarter Looking back at price growth since Q3 2020, prestige apartments (25 9%) outpaced prestige houses (22.2%) over the five years. In Q3 2025, prestige house prices were 0 6% higher and were 2 6% above the previous year In the same quarter, prestige apartment prices rose by 0.5% after rising 7 6% in the past year Annual residential price growth has averaged 4 2% over the past five years
Looking ahead, McGrath Research forecasts Brisbane prestige residential prices to increase by 3% by the end of 2025, followed by a 3% rise in 2026. Factors taken into consideration include the projection of a stronger economy and business investment, a solid performing stock market, anticipated future reductions in the interest rate are likely to be deferred, as sales volume remain lowered
Forecast for prestige prices
Residential gross rental yields rose 1 bp in the Q3 2025 quarter to be 3 00% across the Brisbane prestige market, whilst being 1 bp less than a year ago Gross rental yields are a good initial measure of comparing the return of a property investment before expenses are deducted. A yield greater than 3% tends to be considered most desirable for prestige properties located in capital cities, while below this, tends to indicate high property prices relative to rent, or low rental demand Gross rental yields have averaged 2 74% over the past five years.
Brisbane residential rental vacancy was recorded at 1 0% in Q3 2025, remaining stable in the quarter but 30 bps lower over the past year according to REIA Generally, around 3% vacancy is considered a balanced market between rental supply and demand Below this equilibrium is considered to be an undersupplied pool of rental homes Over the past five years, rental vacancy has averaged 1 1% per year
Tracking
Tracking
Brisbane prestige property rents rose by 2.3% in the year ending Q3 2025, with a rise of 0 6% recorded in the last quarter Looking back at rental growth over the five years since Q3 2020, prestige apartments (51 6%) outpaced prestige houses (44 6%) Prestige apartment rents in Q3 2025 were 2.1% above a quarter ago, and were 7.5% higher over the year In the same quarter, prestige house rents rose by 0.3% after rising 1.4% over the past year. On average, in the past five years, prestige rents grew 8 0% per year
Only a modest number of new homes have been built in Brisbane, reducing the share of prestige rental homes available as the city continues to attract the ultra wealthy population As a result, McGrath Research forecast there will remain upward pressure on rents of 2% at the end of 2025, with a further 3% rental growth likely in 2026
Definitions
Prestige property
The most desirable and most expensive property in a given location, generally defined as the top 5% of each market, by value.
Prestige sales
Brisbane prestige sale transactions hold a threshold of A$3 million
Super-prestige sales
Brisbane super-prestige sale transactions hold a threshold of A$5 million.
Wealthy population
A high-net-worth individual (HNWI) with a net worth of at least US$10 million.
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Michelle Ciesielski
National Head of Research, McGrath Research
www.mcgrath.com.au/research
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