Chronic construction constraints for new housing coupled with a listings drought for established homes, saw virtually all of Queensland’s major regions’ median house sale prices rise in the final quarter of 2025 and year-on-year.
Looking at the change over the year in median sales prices, double-digit annual growth rates were recorded for both houses and units across most of the Local Government Area (LGA) centres.
The Real Estate Institute of Queensland’s (REIQ) latest median sales data for the December 2025 quarter (October – December 2025) show the statewide median house price rose 6.11 percent over the quarter and 13.7 percent over the year. For Queensland’s unit market, the growth rate was even higher, at seven percent for the quarter and 16.13 percent for the year.
After becoming a million-dollar-median market last quarter, the Redlands LGA recorded the highest quarterly growth for median house prices in the December quarter at 7.37 percent to $1,115,000.
In the unit market, it was Moreton Bay LGA – one of the fastest-growing regions in Queensland – where prices also grew the most in the December quarter, rising 12.14 percent to $729,500.
Our capital city also saw a strong uplift but was outperformed by other regions, rising 4.07 percent to a quarterly median of $1,405,000 for houses, and up 7.14 percent to $825,000 for units.
REIQ CEO Antonia Mercorella said as property prices continued to march upward, our state’s significant housing supply shortfall was incredibly concerning.
“We’re still not building at the scale and speed we need to relieve the supply squeeze, and with every quarterly target not met, we’re falling further behind,” Ms Mercorella said.
“Under the National Housing Accord set from mid-2024, Queensland needs to build just over 49,000 new dwellings each year over five years – however, over each of the last four quarters (data to September 2025), only about 34,000 new dwellings were completed.
“Further, the pipeline is far from full. In January this year, there were only 3600 building approvals, compared with approximately 4100 required each month. Approvals are currently running at 42,700 per annum – which is about 13 percent below the target.
“The properties we do have in the pipeline are heavily skewed towards high-end product – such as luxury apartments – due to high construction costs influencing feasibility.
“The established housing market is still drip-feeding properties for sale but remains restricted as property owners hold on tight to their homes.
“Total listings during December 2025, show the Brisbane market had a 25% fall in listings relative to the equivalent period last year, while regional Queensland fell 15%. This was not just a seasonal phenomenon, with recent February data suggesting similar shortfalls.
“These persistent supply pressures are what’s underpinning property price growth, along with ongoing demand-side factors such as high interstate migration, expected strong population growth, and rental market strain seeing tenants transition to home ownership.
“First home buyers were also buoyed by the Federal Government’s five percent Deposit Scheme this quarter which came into effect on 1 October 2025, lowering the deposit barrier to entry with property price thresholds of $1 million in Brisbane, Gold Coast and the Sunshine Coast, and $700,000 in other Queensland areas.
“Competition for housing is intensified around the lower quartiles of the market where affordability is greatest and it’s perceived potential gains are highest, and this demand tapers off as you move up the price spectrum, reflecting an increasingly divided two-speed market.”
Ms Mercorella said the flow-on impact of rising interest rates and recent global conflict could act as fuel on the fire of the construction crisis.
“While we’re all feeling the impact of global conflict at the petrol pump, the flow on inflationary impact to manufacturing and construction, through higher transport and logistics costs, couldn’t come at a worse time,” Ms Mercorella said.
“Counting the cranes on the horizon has traditionally been a promising sign of what’s in the immediate pipeline, but with high-cost risks and exposure for builders and developers comes uncertainty.
“We’re already up against low productivity, rising material costs, and dire labour shortages in the context of Olympics-related infrastructure projects, so unfortunately this does not bode well for new housing supply.”
HOUSE MARKET INSIGHTS
Queensland’s house market continued to perform strongly in the December 2025 quarter. The statewide median sale price for houses grew 6.11% over the quarter to $955,000. On an annual basis, this was a 13.7% rise to an annual median of $880,000.
Top performers: The Redlands LGA took out the top spot for quarterly median house sales price growth of 7.37 percent to $1,115,000.
A mix of Greater Brisbane and regional LGAs took out the remaining top five places for quarterly growth including Cairns rising 6.9 percent to $782,750, Ipswich up 6.75 percent to $856,000, Moreton Bay up 6.45 percent to $990,000 and Townsville up 6.25 percent to $680,000.
Annual median house sales price growth in the Redlands was also significant at 16.11 percent to $1,045,000 – yet this did not earn it a top-five spot, following Townsville (21.15 percent), Gladstone (19.39 percent), Mackay (19.27 percent), Rockhampton (18.75 percent), and Toowoomba (18.11 percent).
The highest volume of quarterly house sales were recorded in Brisbane (3488), followed by Gold Coast (2015), Moreton Bay (1784), Logan (1455) and Sunshine Coast (1412).
Across Queensland, median days on market for houses extended an extra day compared to a year ago to 22 days. The fastest moving house markets were Rockhampton (14 days), Toowoomba (15 days), and Mackay, Ipswich and Gladstone (all tied for 16 days). Noosa’s tightly-held luxury market remained the most sluggish at 49.5 days.
UNIT MARKET
In the unit market, double-digit quarterly median sale price growth was recorded in the top four performing LGAs with Moreton Bay (12.14 percent to $729,500), Bundaberg (12.09 percent to $510,000, Ipswich (11.11 percent to $660,000) and Cairns (10.17 percent to $473,750), closely followed by Toowoomba LGA (9.09 percent to $600,000).
While Rockhampton’s unit market appeared to take a dramatic 12.97% dive this quarter, it’s worth noting that this is based on only 35 sales so would not be considered as statistically significant. In fact, Rockhampton’s annual performance suggests a 36.11 percent rise over 12 months to $490,000 – the highest in the state.
Other top annual unit growth performers were Townsville (23.53 percent), Ipswich (23.4 percent), Gladstone (18.55 percent), and Logan (18.37 percent).
Units remained ever popular in Brisbane (2313 sales), and the Gold Coast (1438 sales) over the quarter. Noosa units’ quarterly median remained miles ahead at $1.15 million, followed by the Gold Coast ($889,500), Sunshine Coast ($850,000) and Brisbane $825,000) – perhaps attracting first home buyers who could take advantage of government schemes.
Across the state, median days on market for units remained fast at just 20 days – albeit three days longer than the previous year. The Toowoomba unit market is heating up taking a median of only 10.5 days to sell, followed by Rockhampton (13 days), and Logan and Ipswich (15 days).
