Brisbane house prices approach bubble territory

Wednesday 4 February 2026

Brisbane’s housing market has experienced one of its largest-ever price booms over the past five years.

According to PropTrack, Brisbane dwelling values soared by 95.7% in the five years to January 2026:

As a result, Brisbane has become the second most expensive housing market in the nation based on median values, behind Sydney:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.