Brisbane Property Market Heats Up Ahead of Spring

Home buyers are gearing up for a busy spring market, with recent interest rate cuts boosting confidence and fuelling stronger competition for properties across the country. The team at Position Property are expecting heightened activity over the next few months, with REA Group noting that "Spring is usually the busiest time of year for the property market, and we usually see activity start to ramp up over August and September."

Brisbane remains firmly in the spotlight. While many sellers are holding back—either struggling to secure their next home or choosing to sit tight in anticipation of the long-term uplift expected from the 2032 Olympic Games—demand is showing no signs of slowing.

Units are leading the way, with the median price jumping 13% year-on-year to $715,000 in the year to July, while house prices also recorded solid growth, rising 7.8% to $1.067 million.

The imbalance between supply and demand is intensifying competition. New listings remain scarce, while buyer enquiry has surged, creating ideal conditions for sellers but making it harder for buyers to secure stock. 

Brisbane's long-term prospects remain strong, underpinned by major infrastructure investment and global attention in the lead-up to the 2032 Olympic Games.