Housing supply is unlikely to catch up quickly under current conditions.

Population growth will continue to underpin housing demand in Queensland. Even if overseas arrivals remain below pre-pandemic levels, interstate migration is likely to keep Greater Brisbane’s population growing faster than the national average. That steady influx of new residents will maintain pressure on housing supply, keep vacancy rates low, and place upward pressure on prices.

Housing supply is unlikely to catch up quickly under current conditions. Detached lot registrations are at historic lows, and approvals are rising only gradually. Developers planning new projects should expect extended delivery timelines and ongoing competition for available land. Infrastructure and planning approvals will be key, especially in high growth LGAs where development ready land is limited; if there are no changes to planning and policy, demand will continue to outpace supply.

Demand is set to remain strong

Increasing approvals for apartments and townhomes provides some welcome news however uptake will remain sensitive to affordability, with a household earning $120,000 currently able to borrow around $694,000 at a 5.5% standard variable rate. Any change in interest rates could shift purchasing power and influence which segments of the market remain accessible. Developers targeting entry level buyers will need to design and price their products accordingly.

Land prices are likely to continue rising, though growth may moderate from the sharp increases seen in FY25. While the median lot sizes remain steady, we expect headline median prices to continue to increase.

Looking ahead, demand is set to remain strong, land will continue to be scarce, and timing will be critical. It will be more important than ever to understand how supply constraints shape pricing, and plan for product types to meet future demand.

This article references findings from our December 2025 SEQ Greenfield Market Report. Read the full report here.