Queensland Property Prices Surge in 2025: What It Means for Buyers

Queensland’s property market continues to soar in 2025, with both houses and units recording strong growth across metropolitan and regional areas. For buyers, particularly those looking to enter the market for the first time, the pace of price rises is creating both challenges and opportunities.

Brisbane and Ipswich Lead Metropolitan Growth

During the June 2025 quarter, the statewide median house price rose by around 3.7 per cent to reach approximately $850,000, while unit prices lifted by 3.4 per cent to about $698,000. Brisbane remained a major driver of growth, with house prices increasing by more than 4 per cent over the quarter, taking the median to roughly $1.27 million. Ipswich also stood out, with quarterly house price growth of over 4 per cent and a new median of about $771,000.

Regional Queensland Outperforms the Capital

The regional market has been even more dynamic. Townsville, Rockhampton, Gladstone and Mackay recorded annual growth of more than 20 per cent, highlighting the demand flowing into areas outside the capital. Units in Toowoomba jumped more than 11 per cent in just one quarter, while Townsville’s unit market recorded annual gains of over 26 per cent, making it the strongest performer in the state.

A combination of factors is driving this rapid growth. Queensland continues to attract lifestyle buyers and investors, with the upcoming Brisbane Olympics adding to its appeal. Regional centres are benefiting from a flow of demand away from the capital, while government support is also providing a boost. Higher thresholds for stamp duty concessions, the removal of stamp duty on some new builds for first home buyers, and the popularity of shared-equity schemes such as “Boost to Buy” are giving more people a chance to enter the market. At the same time, housing supply has not kept pace with population growth and demand, which is contributing to price pressure.

First-Home Buyers Face a Balancing Act

For first home buyers, the situation is mixed. On one hand, government assistance programs and the forthcoming expansion of the federal Home Guarantee Scheme, which will lift property price caps to $1 million in Brisbane and major regional centres, are making entry more achievable. On the other hand, the speed of price growth means saving for a deposit is harder, and competition for affordable homes is intensifying. Many buyers are now looking to regional towns or considering smaller properties as a way to enter the market.

There are risks that come with such rapid growth. If housing supply remains constrained, affordability will continue to deteriorate. Rising borrowing costs could also place additional strain on households, while areas that have experienced extraordinary gains may face corrections if prices move beyond sustainable levels.

Overall, Queensland’s property market is showing remarkable strength in 2025. For those seeking to buy, it is more important than ever to balance the desire to enter the market quickly with careful planning and financial discipline. Government incentives can ease some of the pressure, but the long-term outlook will still depend on supply, interest rates and the ability of buyers to manage repayments.