{"id":4999,"date":"2026-03-31T14:35:03","date_gmt":"2026-03-31T04:35:03","guid":{"rendered":"https:\/\/theonsitemanager.com.au\/news\/?p=4999"},"modified":"2026-03-31T14:35:05","modified_gmt":"2026-03-31T04:35:05","slug":"queensland-property-prices-pushed-up-by-persistent-supply-pressures","status":"publish","type":"post","link":"https:\/\/www.theonsitemanager.com.au\/news\/queensland-property-prices-pushed-up-by-persistent-supply-pressures\/","title":{"rendered":"Queensland property prices pushed up by persistent supply pressures"},"content":{"rendered":"\n

Chronic construction constraints for new housing coupled with a listings drought for established homes, saw virtually all of Queensland\u2019s major regions\u2019 median house sale prices rise in the final quarter of 2025 and year-on-year.<\/p>\n\n\n\n

In fact, 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 LGA centres.<\/p>\n\n\n\n

The Real Estate Institute of Queensland\u2019s (REIQ) latest median sales data for the December 2025 quarter (October \u2013 December 2025) show the statewide median house price rose 6.11% over the quarter and 13.7% over the year. For Queensland\u2019s unit market, the growth rate was even higher, at 7% for the quarter and 16.13% for the year.<\/p>\n\n\n\n

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% to $1,115,000.<\/p>\n\n\n\n

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% to $729,500.<\/p>\n\n\n\n

Our capital city also saw a strong uplift but was outperformed by other regions, rising 4.07% to a quarterly median of $1,405,000 for houses, and up 7.14% to $825,000 for units.<\/p>\n\n\n\n

REIQ CEO Antonia Mercorella said as property prices continued to march upward, our state\u2019s significant housing supply shortfall was incredibly concerning.<\/p>\n\n\n\n

\u201cWe\u2019re still not building at the scale and speed we need to relieve the supply squeeze, and with every quarterly target not met, we\u2019re falling further behind,\u201d Ms Mercorella said.<\/p>\n\n\n\n

\u201cUnder the National Housing Accord set from mid-2024, Queensland needs to build just over 49,000 new dwellings each year over five years \u2013 however, over each of the last four quarters (data to September 2025), only about 34,000 new dwellings were completed.[1]<\/sup><\/a><\/p>\n\n\n\n

\u201cFurther, the pipeline is far from full. In January this year, there were only 3,600 building approvals, compared with approximately 4,100 required each month. Approvals are currently running at 42,700 per annum \u2013 which is approximately 13% below the target.[2]<\/sup><\/a><\/p>\n\n\n\n

\u201cThe properties we do have in the pipeline are heavily skewed towards high-end product \u2013 such as luxury apartments \u2013 due to high construction costs influencing feasibility.<\/p>\n\n\n\n

\u201cThe established housing market is still drip-feeding properties for sale but remains restricted as property owners hold on tight to their homes.<\/p>\n\n\n\n

\u201cTotal 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.[3]<\/sup><\/a><\/p>\n\n\n\n

\u201cThese persistent supply pressures are what\u2019s 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.<\/p>\n\n\n\n

\u201cFirst home buyers were also buoyed by the Federal Government\u2019s 5% 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.<\/p>\n\n\n\n

\u201cCompetition for housing is intensified around the lower quartiles of the market where affordability is greatest and it\u2019s perceived potential gains are highest, and this demand tapers off as you move up the price spectrum, reflecting an increasingly divided two-speed market.\u201d<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\u201cWhile we\u2019re 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\u2019t come at a worse time,\u201d Ms Mercorella said.<\/p>\n\n\n\n

\u201cCounting the cranes on the horizon has traditionally been a promising sign of what\u2019s in the immediate pipeline, but with high-cost risks and exposure for builders and developers comes uncertainty.<\/p>\n\n\n\n

\u201cWe\u2019re 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.\u201d<\/p>\n\n\n\n

HOUSE MARKET INSIGHTS
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Queensland\u2019s 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.<\/p>\n\n\n\n

Top performers: The Redlands LGA took out the top spot for quarterly median house sales price growth of 7.37% 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% to $782,750, Ipswich up 6.75% to $856,000, Moreton Bay up 6.45% to $990,000 and Townsville up 6.25% to $680,000.<\/p>\n\n\n\n

Annual median house sales price growth in the Redlands was also significant at 16.11% to $1,045,000 \u2013 yet this did not earn it a top-five spot, following Townsville (21.15%), Gladstone (19.39%), Mackay (19.27%), Rockhampton (18.75%), and Toowoomba (18.11%).<\/p>\n\n\n\n

The highest volume of quarterly house sales were recorded in Brisbane (3,488), followed by Gold Coast (2,015), Moreton Bay (1,784), Logan (1,455) and Sunshine Coast (1,412).<\/p>\n\n\n\n

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\u2019s tightly-held luxury market remained the most sluggish at 49.5 days.

UNIT MARKET INSIGHTS
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In the unit market, double-digit quarterly median sale price growth was recorded in the top four performing LGAs with Moreton Bay (12.14% to $729,500), Bundaberg (12.09% to $510,000, Ipswich (11.11% to $660,000) and Cairns (10.17% to $473,750), closely followed by Toowoomba LGA (9.09% to $600,000).<\/p>\n\n\n\n

While Rockhampton\u2019s unit market appeared to take a dramatic 12.97% dive this quarter, it\u2019s worth noting that this is based on only 35 sales so would not be considered as statistically significant. In fact, Rockhampton\u2019s annual performance suggests a 36.11% rise over 12 months to $490,000 \u2013 the highest in the state.<\/p>\n\n\n\n

Other top annual unit growth performers were Townsville (23.53%), Ipswich (23.4%), Gladstone (18.55%), and Logan (18.37%).<\/p>\n\n\n\n

Units remained ever popular in Brisbane (2,313 sales), and the Gold Coast (1,438 sales) over the quarter. Noosa units\u2019 quarterly median remained miles ahead at $1.15 million, followed by the Gold Coast ($889,500), Sunshine Coast ($850,000) and Brisbane $825,000) \u2013 perhaps attracting first home buyers who could take advantage of government schemes.<\/p>\n\n\n\n

Across the state, median days on market for units remained fast at just 20 days \u2013 albeit 3 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).<\/p>\n\n\n\n

DAYS ON MARKET INSIGHTS<\/u>
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Notes to Editors:<\/strong><\/p>\n\n\n\n