M:
Research
Spring/25 Brisbane Prestige Residential
The Big Picture The wealthy population grew 3.9% in the past year as the stock market outperformed. A stronger economy is forecast despite modest private business investment.
Annual sales are trending slightly higher for Brisbane prestige homes, average selling times are taking longer, while both new listings to market and overall total residential listings are tracking below a year ago.
Interest rate target has been lowered to 3.60% with the Reserve Bank of Australia anticipating a further reduction in next six months.
Brisbane prestige property prices are likely to gain momentum, with 5% price growth forecast for 2026.
Compared to a year ago, the construction of new residential homes in Queensland was down 0.8% but building approvals were 15.3% higher.
The luxury rental market remains undersupplied and this is reflected in residential vacancy. Over the coming year, Brisbane prestige rents are likely to remain elevated.