Brisbane’s apartment completions in 2025 are expected to be at the highest level since 2018 with a strong future pipeline

• Brisbane’s apartment market has already seen more completions in 2025 year to date, than any of the last five full years. Year to date there have been 2,263 completions, with 589 units still to be complete before the end of the year.
• However, completions have not quite returned to pre-COVID levels just yet.

The rate of apartment sales price growth has started to reduce but remains exceptionally high

• Apartment sale prices are starting to see a slowdown in the rate of growth however this is still at very high levels. Median apartment sale prices increased 17.4% in the 12-month period to the end of Q3 2025.
• In contrast, the house market in Brisbane saw a median price increase of 11.7% over the same period.

The relative affordability of apartments compared to houses will keep demand strong into the medium term

• Brisbane’s apartment rental market has remained stable through Q3 2025, with annual growth now at 7.8% across the apartment market. This growth remains high when compared to other capital cities across Australia, driven by net interstate and overseas migration to Brisbane, and the wider South-East Queensland region.
• Rental vacancy has increased slightly to 1.0% over the quarter across Brisbane but continues to be one of the tightest residential markets across the capital cities, evident in the price growth. The number of new leases annually has seen a slight uptick in the last month; however this is off 10-year low in apartment leasing activity. Transactional activity in the existing sales and rental market is expected to remain subdued with owners holding steady to maximise capital growth, and tenants staying put to minimise rental increases.

Outlook

• The housing market is likely to continue experiencing significant pressure in the short term, and into the medium term. While the supply outlook is on the rise, development remains challenges by construction and labour cost pressures, so the actuality of new supply is not guaranteed.
• Increasing confidence in the economy is expected to continue fuelling sale price growth, especially for first-home buyers with increasing Federal Government support.