In the June quarter of 2024, the average residential property price in Queensland exceeded 885 thousand Australian dollars. This marked the highest quarterly mean dwelling price in Queensland during the reported period.

The average price of Australian residential property has risen over the past ten years, and in September 2024, it reached a new high of 985,900 Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023 and 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of December 2024. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 19.1 percent increase from December 2023, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the September quarter of 2024, the number of residential dwellings reached around 11.25 million, representing an increase of about 53,100 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low and middle-income earners priced out of the market. Alongside this, hikes in mortgage interest rates have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

Australia Housing Affordability Index: Queensland: Brisbane data was reported at 104.100 Index in Jun 2010. This records a decrease from the previous number of 112.400 Index for Mar 2010. Australia Housing Affordability Index: Queensland: Brisbane data is updated quarterly, averaging 183.007 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 238.095 Index in Sep 2000 and a record low of 83.800 Index in Mar 2008. Australia Housing Affordability Index: Queensland: Brisbane data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB015: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195501

The Outlook of the Australian Commercial Property Market Report is Segmented by Type (office, Retail, Industrial and Logistics, Hospitality, and Other Types) and by Key Cities (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Housing register, tenancy, dwelling and financial information on public, community and Indigenous housing programs; and private rental market and home purchase assistance provided. Housing register, tenancy, dwelling and financial information on public, community and Indigenous housing programs; and private rental market and home purchase assistance provided.

As at September 2023, the total value of construction work completed on new houses in Queensland, Australia amounted to approximately seven billion Australian dollars. The highest value of new house construction work recorded within the given period was in 2022.

The number and value of building and construction industry projects in Queensland, that were notified to QLeave during July 2014 to March 2015.

Australia PPI: Output: Construction: Building: House Construction: Queensland data was reported at 170.900 1989-1990=100 in Jun 2012. This records a decrease from the previous number of 171.000 1989-1990=100 for Mar 2012. Australia PPI: Output: Construction: Building: House Construction: Queensland data is updated quarterly, averaging 138.000 1989-1990=100 from Jun 1998 (Median) to Jun 2012, with 57 observations. The data reached an all-time high of 174.100 1989-1990=100 in Jun 2011 and a record low of 99.300 1989-1990=100 in Sep 1998. Australia PPI: Output: Construction: Building: House Construction: Queensland data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I025: Producer Price Index: 1989-90=100: ANZSIC 2006: Output of the Construction Industry.

This dataset combines Brisbane City Council property information with the Queensland Government Digital Cadastral Database (DCDB) to show property holdings in Brisbane City Council area.A property holding is a Council-defined and managed information entity. Its boundaries are generally based on land parcels. A property holding may consist of one or multiple land parcels.The Digital Cadastral Database (DCDB) is the spatial representation of every current parcel of land in Queensland, and its legal Lot on Plan description and relevant attributes. It provides the map base for systems dealing with land related information. The DCDB is considered to be the point of truth for the graphical representation of property boundaries. It is not the point of truth for the legal property boundary or related attribute information, this will always be the plan of survey or the related titling information and administrative data sets.

In 2024, one square meter of greenfield land cost an average of 992 Australian dollars in South East Queensland, Australia. This was the highest price recorded in the past decade for that region.

Information on services provided to assist clients accessing the private rental market

Land use code definitions are used to determine the differential rating categorisation for properties across Brisbane City Council.

The land use code indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The land use code is part of the Council's property record held in the core land database and indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The primary land use code identifies the predominant use for which the property is utilised and is an indicator of the property’s specific rating category, while the secondary land use code applied where a lesser use is also engaged on the property.

The specific rating criteria are used to identify into which Differential Rating Category a property will be placed in accordance with the annual Resolution of Rates and Charges.

In determining the predominant use, consideration will be given but not limited to the Visual, Spatial and Economic aspects of the land. Area is not the principal basis for determining the predominant use. The predominant use may be determined and applied during the construction phase of a structure and will be identified by its ultimate land use code followed by a secondary land use code of 01.

Rating category definitions are used to determine the rating of properties across Brisbane City Council.

Rating category definitions are contained in the Resolution of Rates and Charges which is the formal resolution that sets out the various rates levied by Council and any associated charges.

Resolution of rates and charges tables are used in identifying the rating categories and charges for rateable properties across Brisbane City Council for the financial year.

Information in this dataset relating to land use code definitions or relating to rating category definitions must be read in conjunction with the Resolution of Rates and Charges section of the Annual Plan and Budget 2024-25. Annual Plan and Budget documents are available on the Brisbane City Council website.

For more information about Brisbane City Council’s budget, please visit www.brisbane.qld.gov.au or phone Council’s Contact Centre on (07) 3403 8888.

The office property sector has faced considerable headwinds from recent economic disruptions, including the lingering effects of the COVID-19 pandemic and a series of interest rate hikes. These dynamics and the rapid shift to remote and hybrid work models have diminished demand for traditional office spaces. Nonetheless, premium and A-grade offices in key CBD locations continue to attract stable, high-quality tenants, even as tighter Foreign Investment Review Board (FIRB) regulations have curbed foreign investment and spurred a turn towards domestic capital. Overall, industry revenue is anticipated to have fallen at an annualised 4.3% over the past five years and is expected to total $32.7 billion in 2024-25, when revenue will drop by an estimated 4.5%. Rising financing and maintenance costs have squeezed operating margins alongside evolving tenant demands. From 2020 to 2023, the sector experienced declining rental yields and prolonged lease renegotiations as businesses sought more flexible workspace arrangements. Operators have increasingly turned to technology-driven solutions and outsourcing to reduce wage expenses, yet the burden of capital expenditure and higher borrowing costs remains significant. Despite efforts to streamline operations through advanced property management systems, these cumulative cost pressures continue to erode profitability, leaving operators cautious about committing to new developments in an uncertain economic environment. Looking ahead, Australia’s recovering economy offers both promise and hurdles for office property operators. A revival in business confidence and gradually easing monetary policy are forecast to drive domestic investment, although the rise of flexible workspaces will continue to challenge traditional leasing models. Developers are responding by upgrading premium assets with modern amenities targeted at evolving tenant needs. Moreover, policy adjustments from the FIRB are set to reawaken interest from foreign and institutional investors, prompting a greater flow of capital into the industry. This combination of factors is set to culminate in annualised revenue growth of 3.3% over the five years through 2029-30 to $38.4 billion.

This dataset is available on Brisbane City Council’s open data website – data.brisbane.qld.gov.au. The site provides additional features for viewing and interacting with the data and for downloading the data in various formats.

Land use code definitions are used to determine the differential rating categorisation for properties across Brisbane City Council.

The land use code indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The land use code is part of the Council's property record held in the core land database and indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The primary land use code identifies the predominant use for which the property is utilised and is an indicator of the property’s specific rating category, while the secondary land use code applied where a lesser use is also engaged on the property.

The specific rating criteria are used to identify into which Differential Rating Category a property will be placed in accordance with the annual Resolution of Rates and Charges.

In determining the predominant use, consideration will be given but not limited to the Visual, Spatial and Economic aspects of the land. Area is not the principal basis for determining the predominant use. The predominant use may be determined and applied during the construction phase of a structure and will be identified by its ultimate land use code followed by a secondary land use code of 01.

Rating category definitions are used to determine the rating of properties across Brisbane City Council.

Rating category definitions are contained in the Resolution of Rates and Charges which is the formal resolution that sets out the various rates levied by Council and any associated charges.

Resolution of rates and charges tables are used in identifying the rating categories and charges for rateable properties across Brisbane City Council for the financial year.

Information in this dataset relating to land use code definitions or relating to rating category definitions must be read in conjunction with the Resolution of Rates and Charges section of the Annual Plan and Budget 2024-25. Annual Plan and Budget documents are available on the Brisbane City Council website.

For more information about Brisbane City Council’s budget, please visit www.brisbane.qld.gov.au or phone Council’s Contact Centre on (07) 3403 8888.

Australia PPI: Output: Construction: House: Queensland data was reported at 185.700 2011-2012=100 in Dec 2024. This records an increase from the previous number of 182.800 2011-2012=100 for Sep 2024. Australia PPI: Output: Construction: House: Queensland data is updated quarterly, averaging 100.300 2011-2012=100 from Sep 1998 (Median) to Dec 2024, with 106 observations. The data reached an all-time high of 185.700 2011-2012=100 in Dec 2024 and a record low of 58.000 2011-2012=100 in Sep 1998. Australia PPI: Output: Construction: House: Queensland data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I023: Producer Price Index: 2011-12=100: ANZSIC 2006: Output of the Construction Industry.

In 2024, the largest share of houses sold in Brisbane, Australia were in the price category of less than 849,999 Australian dollars, with over 37.5 percent of houses sold in this price range.

In 2018, the value of Chinese investment in commercial real estate in Queensland, Australia amounted to around 335 million Australian dollars. The total value of Chinese investment in real estate across the state amounted to almost 400 million Australian dollars in that year.

Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: Rents data was reported at 135.700 2011-2012=100 in Dec 2024. This records an increase from the previous number of 135.200 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: Rents data is updated quarterly, averaging 57.550 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 135.700 2011-2012=100 in Dec 2024 and a record low of 12.300 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Mortgage Rate in Australia increased to 6.15 percent in January from 6.13 percent in December of 2024. This dataset includes a chart with historical data for Australia Mortgage Rate.

In 2024, Sydney had the highest price per square meter of land across major cities in Australia. Lot buyers expected to pay a premium of 1,617 Australian dollars per square meter in the capital of New South Wales. Conversely, lot buyers in Adelaide expected to spend around 750 Australian dollars per square meter of land. Prices through the roof Over the past decade, the surge in land and housing costs has been attributed to rapid population growth, driving up median prices for property and land, particularly in cities. In Sydney, the per square meter price of land has almost tripled since 2010, while the number of new property listings has declined over the years. A shortage of residential land available to build on has exacerbated the housing affordability crisis in Australia. Will lending rates continue to climb? The homeownership dream is out of reach for the average Australian without a housing loan. Nevertheless, Australia's high mortgage interest rates for both owner-occupiers and investors have impacted current and aspiring mortgage holders, with the value of household lending trending downwards over the past two years. While rates remained high in the first half of 2024, they likely reached their peak, as shown by the gradual plateau in the second half of the year. This stabilization should, in turn, accelerate buying, selling, and lending activities.