Queensland’s Property Market is Running Hot – Here’s what It means for You. The latest Cotality Home Value Index confirms what many Queenslanders are already feeling in their bones: property prices are not waiting around. Nationally, dwelling values rose 0.7% in March 2026 — but Brisbane has been running well ahead of that pace, posting a 1.6% monthly gain in February alone and annual growth of 17.3%. The city’s median dwelling value has now crossed the $1 million mark for the first time in its history.
| +17.3% | $1.08M | −31% |
| Brisbane annual dwelling value growth to Feb 2026 | Brisbane median dwelling value — now above $1 million | Brisbane listings below the 5-year average — chronic undersupply |
For regional Queensland, the story is just as compelling. Ipswich, Logan and Toowoomba have each posted annual gains of 18–20%, as buyers priced out of central Brisbane look further afield. Strong interstate migration, a booming economy, and the long shadow of the 2032 Olympic Games are all working together to keep demand elevated — while supply remains stubbornly scarce, with Brisbane listings sitting roughly 31% below their five-year average.
At the coalface of property transactions, our team at Conveyancing Home QLD is seeing the direct consequences of this pressure every day.
- Settlement timelines are tighter
- Competition at auction is fierce
- Buyers are increasingly waiving conditions they would once have considered non-negotiable. That comes with real risk.
- A rushed decision in a hot market is precisely when careful legal due diligence becomes most important — not least.
We’re also seeing a surge in activity from first home buyers, who are understandably motivated by incentives that are genuinely among the most generous in Queensland’s history — but only until 30 June 2026.
Is the market set to slow down?
Forecasters remain broadly optimistic about Queensland, though the days of 20%-plus annual gains may be moderating. Major banks are projecting Brisbane growth of between 5–9% through 2026, supported by low stock levels and continued population inflows. The RBA’s rate adjustment in February has added some uncertainty, but Brisbane’s fundamentals — strong migration, an Olympic pipeline, and a tight rental market — are expected to provide a firm floor under values.
Units are an emerging story worth watching. Brisbane units are outpacing houses over shorter timeframes and are attracting investors drawn to comparatively higher yields. With affordability pushing buyers toward more attainable price points, the unit and townhouse segment is increasingly where competition is concentrating.
What should you be doing right now?
Whether you’re buying, selling, or simply wondering whether now is the right time to act, the current environment rewards preparation. Contracts in a competitive market move quickly, and understanding your rights, obligations and any concessions you’re entitled to before you sign is essential.
If you’re a first home buyer approaching that 30 June deadline, an investor looking at Queensland’s resilient regional markets, or a seller wanting to understand what a record median price means for your settlement — the team at Conveyancing Home QLD is here to walk you through it, clearly and without the jargon. Get in touch with us today. CALL +61731800908 or 073236 2852 | e: info@conveyancinghome.com.au | See us at Level 8/ 320 Adelaide Street, BRISBANE, QLD. \
Images with kind thanks to https://localipswichnews.com.au/ ; Property Buzz and Real Estate.com.au