A new forecast suggests Brisbane house prices could climb sharply through 2026 and 2027, with experts warning that buyer demand is running ahead of traditional affordability measures.
Economists and property analysts say Brisbane’s market is defying the constraints that would normally cool demand. New projections indicate house prices could increase by around 10.9 per cent in 2026, nearly double Sydney’s projected 5.8 per cent. Unit prices are expected to rise about 7.8 per cent, followed by a further 9 per cent increase in 2027.
The outlook follows a 14.6 per cent jump in Brisbane’s median home price last year, with values rising by approximately $135,900 to surpass the $1 million mark, according to market data.
Analysts note that prices are being driven beyond traditional fundamentals by heightened buyer urgency, renewed investor interest, and policy-driven demand. Structural housing undersupply and fear of missing out are also contributing to added pressure on market values.
The updated forecast represents a significant upgrade from earlier, more conservative growth expectations.
Industry groups have echoed the strong outlook, ranking Queensland among the strongest property markets nationally. Observers point to rapid population growth outpacing housing supply, rising construction costs, and infrastructure investment as key drivers of continued demand.
Construction costs remain a major concern for valuers and developers, alongside interest rates, population growth, and ongoing supply shortages.
Experts also highlight that the demand-supply imbalance is more pronounced in Brisbane than in Sydney, with major infrastructure projects and long-term development plans contributing to increased population inflows, investor activity, and speculative interest.
