Brett Warren , National Director – Metropole Group
Brisbane’s housing market maintained its strong upward momentum through February, with home values rising by 1.6% over the month. This growth added approximately $17,100 to the median dwelling value in just 28 days. While the pace of growth remains rapid, it has moderated slightly from the 2.0% monthly gains recorded in October last year, signaling a subtle shift in market velocity.
The current growth is highly segmented, with the unit sector continuing to be the standout performer. Buyers are increasingly pivoting toward apartments and townhouses as a more affordable entry point, driving values in this sector higher than traditional houses as they navigate high serviceability hurdles.
Brisbane Market Performance
Affordability remains a critical factor in the Brisbane market, with the gap between the upper and lower quartiles continuing to widen in terms of quarterly performance.
| Segment | 3-Month Value Change | Performance Trend |
|---|---|---|
| Lower Quartile (Affordable) | +6.4% | Highest demand from first home buyers and investors. |
| Unit Sector | +6.0% | Consistently leading the broader market growth. |
| Upper Quartile (Premium) | +3.4% | Steady growth but limited by tighter credit margins. |
Source: Cotality, March 2026
Affordability and Serviceability Constraints
The primary challenge for Brisbane buyers is the ongoing erosion of borrowing power following the February rate hike. This has further concentrated demand in the lower price points, where competition remains at fever-pitch levels.
The 6.4% surge in the lower quartile reflects where the bulk of market activity is located. In contrast, the more moderate 3.4% rise in the upper quartile suggests that higher-value properties are becoming more sensitive to stretched borrowing capacities and regulatory tightening.
Supply Dynamics and Future Outlook
A primary driver of Brisbane’s price resilience is the chronic lack of available housing. Inventory levels remain significantly lower than historical norms, creating a persistent sense of urgency among active buyers.
| Metric | Status / Figure |
|---|---|
| Total Listings (vs. 5-Year Average) | 30% Lower |
| Market Inventory | Critically Low |
| Internal Migration | Strong tailwind for QLD demand |
Source: Cotality, March 2026
Brisbane is expected to remain one of Australia’s stronger-performing cities through 2026. While low supply provides a solid floor for values, the market balance continues to favor sellers, particularly in affordable segments. Any potential lift in new listings heading into Easter may provide slight relief, but the current momentum remains firmly underpinned by fundamental supply shortages.
