Brisbane’s inner precinct saw around 2,260 apartment completions in 2025 with some completions delayed into 2026

• Inner Brisbane’s apartment market has seen the highest number of annual completions since 2019, even with some completions being delayed into 2026. There are around 2,200 apartments forecast for completion in 2026 within development projects currently under construction.
• It will take more time to see the level of apartment development that was seen in mid-to-late 2010’s but there is a significant pipeline, if labour and financing can be secured. 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 16.5% year-on-year to the end of Q4 2025. In contrast the house market in Brisbane, saw a median price increase of 13.5% over the same period and an increase on the previous quarter.

The median apartment sales price in Brisbane has crossed $700,000 for the first time and has seen 16.5% growth year-on-year

• Brisbane’s apartment rental market has seen an increase in the rate of rental growth through the last quarter with annual growth at 6.8% across the apartment market.
• This growth remains high when compared to other capital cities across Australia, driven by net interstate and overseas migration.

Rental growth is increasing again after year-on-year growth rates have been slowing from a peak in 2023

• Rental vacancy in Brisbane remained at 1% and is around where it has sat through 2025 and below the five-year average. Brisbane continues to be one of the tightest residential markets across the capital cities, evident in the low vacancy and price growth.
• 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

• Short-term trends in Brisbane’s housing market are shifting. An acceleration in rental growth points to increasing demand, while stronger price growth for houses over apartments suggests a potential shift in buyer preference.
• Both trends are influenced by low levels of new housing supply, and while the future rate is uncertain, further price growth is expected.