Brisbane cracks the million-dollar club

Brisbane cracks the million-dollar club, officially becoming Australia’s second most expensive capital city for houses, with the median price hitting $1.011 million in Jun — just behind Sydney’s $1.497 million. This milestone has been years in the making, driven by strong demand, limited housing supply, and record levels of interstate migration.

🔑 For investors, Brisbane presents compelling fundamentals:

• 9.2% population growth since 2020 (well above the national average of 6%).

• Housing supply not keeping up with demand (88,000 built vs 94,000)

• Low vacancy rates and high rental demand

• Migration and job growth

July 2025