Brisbane property prices have increased a staggering 19 percent in one year, with median values now surpassing $1.1 million.
Brisbane, along with mid-sized capitals Perth and Darwin, continues to break record highs, while Sydney and Melbourne navigate the early stages of a downturn, according to new figures released by Cotality.
Australia’s property market has become two-speed, with outcomes increasingly diverse from city to city and across the pricing spectrum.
The annual home value index from April 2025 – March 2026 show Brisbane property prices are up 19 percent, followed by Darwin at 19.7 percent, and Perth leading the way at 24.3 percent.
Brisbane’s median house price is $1,101,151, gaining on Sydney’s $1,295,387 and surpassing Melbourne’s $828,249.
The first quarter of 2026 shows growth in Brisbane is up 5.1 percent, only nudged out by Perth at 7.3 percent.
The results showed all of the capitals had some quarterly price growth except for Sydney and Melbourne which are navigating a subtle decline trend evident since December 2025, Cotality research director Tim Lawless said.
“Since the end of November 2025, Melbourne values have retreated by -0.9 percent, and the Sydney market is down -0.4 percent,” Mr Lawless said.
“The softer trend in values coincides with falling auction clearance rates and a pickup in advertised supply, providing buyers with more choice and less urgency at the negotiation table.”
Mr Lawless said the home values which have risen in Brisbane and Perth were showing the opposite trend, accelerating in the face of higher interest rates and lower sentiment.
