Regional areas lead annual growth while supply remains constrained
Residential property values in Queensland continued to climb during the June 2025 quarter, with new data from the Real Estate Institute of Queensland (REIQ) indicating further increases in both house and unit prices.
According to the REIQ, the median sales price for houses across Queensland rose by 3.66% to $850,000 between April and June 2025. Units saw a similar trend, with median prices up 3.41% to $698,000 for the same period.
Brisbane, set to host the upcoming Olympic Games, recorded a 4.10% rise in its median house price, reaching $1.27 million. However, Ipswich experienced the strongest quarterly growth among major centres, with house prices increasing by 4.19% to $771,000. Other areas with notable quarterly gains included Gladstone (up 3.64% to $570,000), the Gold Coast (up 3.36% to $1.23 million), and Logan (up 3.14% to $820,000).
On an annual basis, regional Queensland outperformed metropolitan areas. Rockhampton led with a 24.25% increase in median house prices over the year, followed by Townsville (24.18%), Gladstone (24.14%), and Mackay (23.47%). These figures exceeded the annual growth rates for Greater Brisbane (8.98%) and the state overall (10.96%).
For units, Toowoomba stood out in the June quarter, recording an 11% increase in its median price to $540,000. Fraser Coast (10.35%) and Bundaberg (7.34%) also posted solid quarterly results. Over the year, Townsville topped the state for unit price growth, rising 26.04% to $380,000, with Logan (23.81%) and Gladstone (22.86%) also reporting strong gains.
Antonia Mercorella (pictured right), REIQ chief executive, said the figures highlight the resilience of Queensland’s property market. “Queensland continues to be an attractive, ‘picture perfect’ place to live, work, play and invest – we have the Olympics on the horizon and a robust economy underpinned by primary industries and a diverse range of other sectors, including manufacturing, film production, professional services, and science and technology, among others.
“Particularly in our regional housing markets, first-home buyers are seeing more opportunity and relative value, while investors are also attracted to the strong rental yields compared to capital cities. The latest quarterly data shows the property market in the Sunshine State continues to perform strongly – good news for those already in the market, but potentially quite daunting for the next generation.
“While it’s important to remember these are median prices, that may offer little comfort for first-home buyers who feel the first rung of the property ladder is slipping out of reach.”
Australian Bureau of Statistics data shows that 22,817 new loans were issued to first-home buyers in Queensland in the 12 months to June 2025, a 5.7% increase on the previous year. The number of new loans rose by 4.1% in the last quarter, and by 0.7% compared to the June quarter of 2024.
Mercorella pointed out that while there is broad agreement on the need for increased housing supply, progress on completions has been slow. “On the supply side, the recent federal economic roundtable resulted in some red tape reductions – non-essential changes to the National Construction Code will be paused for the next four years, and assessments of 26,000 homes awaiting approval under the EPBC (Environment Protection and Biodiversity Conservation) Act will be fast-tracked,” she said.
“Meanwhile, the state’s $2 billion Residential Activation Fund is helping councils deliver regional plans with the critical trunk infrastructure needed to unlock housing, and planning scheme improvements are underway to speed up assessment timeframes. Levers are being pulled but we’re still waiting to see this reflected in dwelling completions data.”
The National Housing Accord aims to deliver 1.2 million new homes across Australia over five years, with Queensland’s share set at around 49,300 per year. In the 12 months to March 2025, approximately 33,700 dwellings were completed in Queensland, falling 32% short of the annual target.
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