Brisbane's record property boom set to hit the brakes: KPMG
New forecasts from KPMG are predicting a sharp dive in Brisbane house and unit price growth as soon as Christmas.
www.realestate.com.auHere’s a concise update on Brisbane’s property market as of now.
- Momentum and demand: Brisbane has seen renewed momentum driven by recent policy changes for first home buyers and a strong infrastructure pipeline ahead of major events, supporting demand across housing types. This aligns with ongoing interest from interstate buyers and a tight rental market.[1][3]
- Prices and supply: Prices remain elevated due to very tight supply, with vacancies historically low, and construction constraints continuing to limit new stock. Units have shown notable strength alongside houses, though expectations for moderation are in the mix among analysts.[2][4][1]
- Forecasts and caveats: Some forecasts suggest a deceleration in growth for 2025–2026 after a period of rapid gains, with industry groups noting Brisbane may move toward more moderate increases as demand balances with supply constraints and higher financing costs.[4][2]
Illustrative snapshot
- Price momentum: Year-on-year gains remain robust, particularly in units, while houses have also risen on the back of limited stock and migration trends.[2]
- Rental market: Vacancy rates have tightened, keeping rents elevated in many parts of the city, contributing to overall housing cost pressures.[2]
If you’d like, I can tailor this to your interests (buying today, rental investment, or suburb-level outlook) and provide a quick table of current median prices and vacancy rates sourced from recent reports. I can also pull a short list of reputable local sources for the latest figures.
Citations:
- Brisbane market momentum and policy impact; supply constraints.[1]
- Price momentum and rental market indicators.[2]
- Forecasts on moderating growth; market dynamics.[4]