Brisbane house and apartment price growth are set to fall dramatically in 2026 according to KPMG.
New forecasts from KPMG predict a sharp dive in Brisbane house and unit price growth as soon as Christmas, with the cooling to be even more dramatic into 2026.
Apartment prices – Brisbane’s biggest growth driver – are forecast to tank from 7.1 per cent growth in December this year to a mere 1.5 per cent by the end of 2026, making it the slowest property market among all Australian capitals.
KPMG’s latest six-monthly Residential Property Outlook expects house prices won’t fare much better, slowing to just 4.1 per cent growth by Christmas and sinking further to 3.1 per cent by December 2026.
KPMG chief economist Dr Brendan Rynne warned Brisbane was now close to peak.
“After a period of rapid price growth, the housing market is only set to grow by 3.1 per cent and units by just 1.5 per cent, with prices now outpacing demand and supply,” he said.
This slowdown is influenced by Brisbane nearing a price peak, with prices having outpaced demand and supply.
Advantages of selling in early 2026:
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Still strong market confidence: The Brisbane market has benefited from a significant housing undersupply and high levels of interstate immigration, which continues to support confidence.
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High buyer demand: The influx of new residents and investors means strong demand for housing right now. This could change quickly.
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Potential for profit: Property values in Brisbane have seen substantial growth, meaning sellers who have held their property for several years could make a significant profit.
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Good weather: Brisbane's pleasant weather in summer makes it possible to it’s outdoor lifestyle now, to showcase the lifestyle and liveability of the city.
What to consider
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Holiday season: The period around late December to late January is typically the slowest for sales, so it's best to avoid trying to sell during this time.
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House sales are already down 8.4% year-on-year in late 2025.
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Apartment sales have seen a steeper decline of 23.2% year-on-year and are 13.9% below the five-year average.
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In late November the RBA put interest rates on hold, dampening the market.
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Developers have been quietly putting their own units onto the market since August 2025. What do they see coming?
My Take
Those who know me know that I like real estate to be held long term. However, sometimes the reality of a long period of little growth, especially after a strong upturn, appears more than likely.
Like Brisbane units 2008 - 2021, and Perth houses and units from 2007 to 2021, and Sydney in the early 2000’s.
So to avoid a decade or so of little growth, sometimes it does make sense to take your gains. Contact me if you want to think about selling for advice on pricing and selecting the best possible agent to get the highest possible price.
