South East Queensland property market update Q2 2025

As we move into the second half of 2025, property markets across Brisbane, the Gold Coast, and the Sunshine Coast continue to show resilience – despite rising affordability pressures, tighter listings, and cautious lending conditions.

Here’s what stood out in Q2 2025, and what it could mean for those buying, selling, or holding property in South-East Queensland.

 

Brisbane Hits $1 Million Milestone

Brisbane has officially joined the million-dollar club. According to PropTrack’s June 2025 Home Price Index, the median house price in Brisbane surpassed $1 million, reaching $1.051 million – a first for the city. Across all dwellings (houses and units combined), Brisbane’s median price is now $908,000, reflecting an 8.3% annual rise.

This aligns with Cotality data, which shows a 2.0% increase in Brisbane dwelling values in Q2, and a 7.0% rise year-on-year. Brisbane is now one of the top-performing capital city markets, with demand holding steady and stock levels remaining tight.

While homes are taking slightly longer to sell (up to 25 days, from 16 days last year), interest remains high – especially in well-connected suburbs and those with family appeal.

 

Sunshine Coast: Still Sought-After, But Slower Growth

The Sunshine Coast remains one of Australia’s most desirable regional markets, with a median house price now sitting at $1.076 million (PropTrack). However, affordability appears to be slowing the pace of growth.

Home values increased just 0.64% over the quarter and 5.2% over the year, making it the softest-performing market in regional Queensland. Limited new listings and affordability constraints are keeping upward pressure on prices, but slowing momentum.

Cotality data also reflects this tight market: national listings are down 11.7% year-on-year, and the flow of new properties to market in June was the lowest for this time of year since 2020.

 

Gold Coast Continues Climb – With New Million-Dollar Suburbs Emerging

The Gold Coast recorded an annual dwelling price increase of 8.02% (PropTrack), with the median house price now at $1.066 million.

Several suburbs – including Upper Coomera and Coombabah, have either hit or are approaching the $1 million mark, supported by strong demand from both local upsizers and interstate movers.

While quarterly turnover has softened slightly, the market remains competitive, especially in coastal and family-friendly neighbourhoods.

 

Tight Listings and Longer Selling Times Across the Region

One of the dominant themes of Q2 was the shortage of homes for sale. Nationally, only 33,159 new properties were listed in June – a sharp drop of 11.7% compared to last year. The total volume of listings is now 16.7% below the five-year average.

In Brisbane, the median time on market increased by 9 days year-on-year, the sharpest rise among all capital cities. This doesn’t necessarily indicate cooling demand – it’s more a reflection of buyers taking more time to commit in a low-supply, high-price environment.

 

Rental Growth Slows, But Yields Hold

Rental growth across South-East Queensland has begun to ease. Nationally, rents rose 1.3% in Q2 (CoreLogic) and 3.4% year-on-year, a noticeable slowdown from the previous year’s pace of 7.8%.

However, gross rental yields remain stable, sitting at 3.5% in capital cities and 4.4% across regional areas – including parts of the Sunshine and Gold Coast hinterlands. With property values rising faster than rents, yields may tighten further in coming months.

 

Interest Rates & Lending Trends: Holding Firm, For Now

The RBA held the cash rate at 3.85% in July, despite falling inflation and softer retail spending. Variable rates for new owner-occupiers currently average 5.83%, while new investor loans sit at 6.03%.

Meanwhile, first home buyer activity in Queensland has dipped -2.1% over the March quarter, and lending activity overall remains cautious. With investors now making up 37.9% of all new lending, demand from this segment is still a key driver in the market.

 

What This Means Moving Forward

We’re halfway through 2025, and South-East Queensland remains one of the strongest and most dynamic regions in Australia’s property market. Brisbane’s milestone $1 million median house price reflects deep demand and growing confidence. The Gold Coast continues to see suburb-level growth, while the Sunshine Coast holds firm – even as affordability challenges reshape buyer behaviour.

For sellers, low competition and steady demand offer favourable conditions, especially for well-presented, move-in-ready homes. For buyers, staying informed, being pre-approved, and acting decisively are key in a market where listings remain tight. Investors are seeing more stable yields and fewer rental surges, but the right property still performs.

If you’re looking to understand how these market trends apply to your unique situation, our team is here to help. Meet our team for local insight, or get in touch for tailored advice or an updated property assessment.