Brisbane’s Hot Autumn Housing Market – Where are the Top Performing Suburbs?

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The Brisbane housing market has recorded its strongest start to a year since 2003 with the median house price soaring by 5.6% since February.

Booming house prices have been fuelled by record low-interest rates, a reviving post-covid economy, and waves of southern state migrants seeking safety, lifestyle, climate, and more – affordable living.

Annual Migration

Brisbane City has been the leading regional performer this year so far with prices increasing by a remarkable 12.7% followed by Redland up 7.5%, Moreton Bay up 4.1%, Ipswich up 3.9%, and Logan up 2.4%.

Region 60-day Median House Price May 15th 60-day Change
Brisbane Capital $545,000 5.6%
Brisbane City $755,000 12.7%
Ipswich City $388,000 3.9%
Logan City $420,000 2.4%
Moreton Bay City $510,000 4.1%
Redland City $575,000 7.5%

Rapidly rising Brisbane house prices reflect the record auction clearance rates reported this year so far and driven by unprecedented buyer competition for available property.

Brisbane Average Weekend

Houses in the most popular Brisbane suburbs are selling quickly with average days on market under 2 weeks.

Wynnum is the top performer with houses selling on average over the past month in just 10 days followed by Cleveland 12.7 days, North Ipswich 13.7 days, and Clayfield 14.7 days.

Suburb Average Days to Sell (min. 10 sales) Median House Price Region (City)
Wynnum 10.0 $687,500 Brisbane
Cleveland 12.7 $548,750 Redland
North Ipswich 13.7 $331,500 Ipswich
Clayfield 14.7 $925,000 Brisbane
Silkstone 16.0 $335,000 Ipswich
Mount Gravatt East 16.8 $732,000 Brisbane
Morningside 17.0 $735,000 Brisbane
Birkdale 17.3 $730,600 Redland
Moorooka 17.7 $680,000 Brisbane
Tarragindi 17.9 $991,000 Brisbane

Although the recent near-record surge in Brisbane house prices is likely to ease over coming months as increased affordability constraints restrict buyer activity, underlying demand will remain strong, particularly from interstate migrants seeking the prospect of refuge, lifestyle, and prosperity in the Sunshine state.

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About

Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.


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