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Brisbane Prestige Residential Spring/25
The Economy Key Drivers
Prestige Residential Sales Update
Prestige Sales
+0.3%
Brisbane prestige residential sale transactions above $3 million tallied to 147 in Q2 2025, moving upwards by 46% from the previous quarter This was influenced by a lower number of new and total listings, whilst the market anticipated a further reduction in interest rates. Over the past year to Q2 2025, the total number of prestige sales was 0.3% higher, reaching 582 sales. As a benchmark, over the past five years, the annual average was 353 sales
Super-Prestige Sales
The share of super-prestige sales (above $5 million) was recorded at 16%, after analysing the total number of prestige sales (above $3 million) across Brisbane in the year ending Q2 2025. This was lower than one year ago when the proportion was 20% and below the 25% share recorded five years ago Over the past year to Q2 2025, Brisbane’s superprestige sales volume fell by 21% but has grown by 475% over the past five years
Total Number of Prestige Sales ($3m+)
Brisbane Prestige
16%
Share of Super-Prestige Sales ($5m+), by Number
Brisbane Prestige
Prestige Residential Sales Update
Duration +10 days
Prestige homes across Brisbane took an average 79 days on market - from the time they were listed to the day they went under contract - in the year ending Q2 2025 This duration was 75 days a quarter ago (+4 days) and 69 days a year ago (+10 days) A lower number of days on market tends to mean homes are selling fast with more desirable properties, while a higher number of days suggests a slower market with above market values. Looking back, the five-year average has taken 83 days to sell a home
Average Days on the Market
Newly advertised property listings in Brisbane were 14 8% lower in the month of June 2025 than the equivalent period last year, according to Cotality This trended below the Australian average of -11.7% and below the -12.9% across Australian capital cities
Brisbane’s total number of listings in the month of June 2025 were 4.4% below the equivalent period last year, according to Cotality By comparison, the Australian average for total listings was -5.8% and across Australian capital cities was -4 4%
Brisbane prestige property prices rose by 3 2% in the year ending Q2 2025, although a fall of 0 4% was recorded in the last quarter Looking back at price growth since Q2 2020, prestige apartments (26 7%) outpaced prestige houses (19.2%) over the five years. In Q2 2025, prestige apartment prices were 1 1% higher and were 9 2% above the previous year. In the same quarter, prestige house prices fell by 0.7% after rising 2 0% in the past year Annual residential price growth has averaged 3 8% over the past five years
Looking ahead, McGrath Research anticipates Brisbane prestige residential prices to increase by 3% by the end of 2025, followed by a stronger 5% rise in 2026. Factors taken into consideration include the forecast of a stronger economy, a solid performing stock market and the reduction of interest rates encouraging further confidence for buyers
Forecast for Prestige Prices
Prestige Residential Rents Update
Residential gross rental yields remained stable in the Q2 2025 quarter to be 2 99% across the Brisbane prestige market, while being 3 bps less than a year ago Gross rental yields are a good initial measure of comparing the return of a property investment before expenses are deducted Gross rental yields have averaged 2.71% over the past five years.
Change in Gross Rental Yield
Brisbane residential rental vacancy was recorded at 0 7% in Q2 2025, falling 10 bps in the quarter to fall 20 bps over the past year according to APM Generally, around 3% vacancy is considered a balanced market between rental supply and demand. Below this equilibrium is considered to be an undersupplied pool of rental homes Over the past five years, rental vacancy has averaged 0.9% per year.
Change in Residential Rental Vacancy
Prestige Residential Rents Update
Brisbane prestige property rents rose by 1.3% in the year ending Q2 2025, although with a fall of 0 3% recorded in the last quarter Looking back at rental growth over the five years since Q2 2020, prestige apartments (48 1%) outpaced prestige houses (45 1%) Prestige apartment rents in Q2 2025 were 1.6% above a quarter ago, and were 6.6% higher over the year In the same quarter, prestige house rents fell by 0.7% after rising 0.2% in the past year. On average, over the past five years, prestige rents grew 7 9% per year
In recent years, a modest number of new prestige homes have been built in Brisbane and only a small share of these homes have been made available in the rental pool As a result, McGrath Research forecast upward pressure on rents of 2% at the end of 2025, with a further 2% rental growth likely in 2026
Change in Prestige Rents Brisbane
Forecast for Prestige Rents Brisbane
Definitions
Prestige Property
The most desirable and most expensive property in a given location, generally defined as the top 5% of each market, by value.
Prestige Sales
Brisbane prestige sale transactions hold a threshold of A$3 million
Super-Prestige Sales
Brisbane super-prestige sale transactions hold a threshold of A$5 million.
Wealthy Population
A high-net-worth individual (HNWI) with a net worth of at least US$10 million.
Guiding you home
Michelle Ciesielski
Head of Research, McGrath Research
michelleciesielski@mcgrath com au +61 414 694 220
www mcgrath com au