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 December 2024, it reached 976,800 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, with minor fluctuations in 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 April 2025. 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 10 percent increase from April 2024, 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 December quarter of 2024, the number of residential dwellings reached around 11.29 million, representing an increase of about 53,200 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, elevated mortgage interest rates in recent years 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.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195501

Housing Index in Australia increased to 183.90 points in the fourth quarter of 2021 from 175.60 points in the third quarter of 2021. This dataset provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Collinsville area was the most affordable housing suburb in Queensland, Australia as of March 2025, with a median property value of around ******* Australian dollars. The Charleville suburb had the next lowest prices for housing, at around ******* dollars.

The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

As of April 2025, regional New South Wales had the highest median residential property value compared to other regional areas in Australia, with a median dwelling value of around ******* Australian dollars. Regional Queensland followed, with a median residential dwelling value of around ******* Australian dollars.

Australia Housing Affordability Index: Queensland: Others data was reported at 118.200 Index in Jun 2010. This records a decrease from the previous number of 124.100 Index for Mar 2010. Australia Housing Affordability Index: Queensland: Others data is updated quarterly, averaging 184.683 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 287.124 Index in Dec 2001 and a record low of 97.800 Index in Jun 2008. Australia Housing Affordability Index: Queensland: Others data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195601

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.

Australia PPI: Output: Construction: House: Queensland data was reported at 185.900 2011-2012=100 in Mar 2025. This records an increase from the previous number of 185.700 2011-2012=100 for Dec 2024. Australia PPI: Output: Construction: House: Queensland data is updated quarterly, averaging 100.500 2011-2012=100 from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 185.900 2011-2012=100 in Mar 2025 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, one square meter of greenfield land cost an average of *** Australian dollars in South East Queensland, Australia. This was the highest price recorded in the past decade for that region.

Byron Bay, New South Wales was the most expensive regional housing suburb in Australia as of November 2024, with a median property value exceeding **** billion Australian dollars. In comparison, the median property value of a house in the regional suburb of Sunshine Beach, Queensland came to around **** billion Australian dollars.

Noosa Heads, Queensland was the most expensive regional apartment suburb in Australia as of November 2024, with a median property value exceeding **** billion Australian dollars. In comparison, the median property value of an apartment in the regional suburb of Bilinga, Queensland came to around **** billion Australian dollars.

Laguna Quays, Queensland was the most affordable regional apartment suburb in Australia as of November 2024, with a median property value of around ******* Australian dollars. The Middlemount suburb, also in Queensland, was the second-most affordable regional apartment suburb.