Queensland's population growth remains a key driver of housing demand

In the year to March 2025, the state added nearly 99,000 new residents, growing 1.8% and outpacing the national average of 1.6%.

The tension between growing demand and limited supply is evident in Greater Brisbane. Rental vacancies are just 0.9%, far below the 3% threshold considered for a balanced market. New dwelling registrations fell 16% over the year, while established house listings dropped 8%.

Lot supply across SEQ is at the lowest level in more than a decade. Detached lot registrations fell to just over 8,000 in FY25. Annual demand is roughly 34,500 lots, leaving a shortfall of nearly 13,000.

People are still moving to SEQ in strong numbers, but housing supply is struggling to keep up. While the gradual rate cuts are welcome news and have increased purchasers’ serviceability and budgets, as a result, we’re now seeing more people competing over less stock with more money to spend – with the inevitable result of rising prices.

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