2026 March Market Update for Queensland
Across Queensland we are consistently seeing property values rise, week on week, with no sign of slowing. What we are observing in market activity, and in the results we see on the ground, aligns with multiple data sources showing strong price growth across the state and especially in Brisbane and surrounding regions.
According to the latest PropTrack data, Brisbane’s median house price has now moved past the $1 million mark and continues to strengthen, rising around 15.9 per cent in the past year. Values are increasing even as other capital cities begin to level out, reflecting sustained demand and limited supply conditions in South East Queensland.
Cotality’s most recent Home Value Index echoes this trend, with Brisbane and other mid-sized capitals recording solid month-on-month price increases, while Sydney and Melbourne values remain flat in comparison. This divergence highlights how Queensland’s market dynamics remain unusually strong even in the face of broader economic pressures.
The strength of price growth here is not only reflected in headline median values. Localised data shows high-growth suburbs on the Sunshine Coast with quarterly growth far exceeding regional averages, and Ipswich and Logan-Beaudesert leading annual price increases in many affordable segments.
Recent forecasts from property commentators also predict that price rises will continue through 2026. Realestate.com.au research suggests Brisbane’s median dwelling prices are expected to climb another 7-10 per cent, underpinned by strong demand, constrained stock and ongoing migration inflows. SQM Research has similarly projected double-digit growth across Queensland markets in 2026, placing the state ahead of many others nationally.
What Is Driving This Continued Growth?
Several factors are contributing to persistent price growth in Queensland:
- Strong buyer demand: Buyers continue to buy even as prices rise, particularly in centrally located and well-connected suburbs.
- Limited stock: Listings remain well below historical averages, meaning competition is high relative to available supply.
- Lifestyle migration: Relative affordability compared to southern capitals, lifestyle appeal and ongoing population growth continue to attract buyers.
- Investment interest: Investors and owner-occupiers alike are participating in the market, especially where fundamentals like rental yield, infrastructure investment and future growth prospects are strong.
Why This Matters for Buyers
As professionals working with buyers day in, day out, we see firsthand how escalating prices can catch purchasers off-guard. It is one thing to watch headlines; it is another to witness competition ramp up in real time, where comparable sales are being reset faster than buyers anticipate.
This has real implications for affordability, negotiation strategy and long-term planning. Prices rising weekly means buyers need to be prepared with updated data, clear strategies and realistic price expectations right through to settlement.
There is absolutely opportunity in the Queensland market. But that opportunity comes with complexity and intensity that requires careful navigation — particularly when prices are rising more rapidly than many buyers expect.
