As we move into 2025, the South East Queensland property market is poised for significant developments, with both property prices and rents expected to experience notable changes. This forecast draws insights from leading research bodies like SQM Research and CoreLogic, as well as major banking institutions.
Price Trends
According to CoreLogic, the South East Queensland property market is expected to continue its upward trajectory in 2025. Two-thirds of real estate agents surveyed anticipate house prices to rise, with 25% predicting gains exceeding 5%. This optimism is fueled by strong demand and limited supply, particularly in Brisbane, which has emerged as a standout market in Queensland.
CoreLogic’s data indicates that Brisbane’s median house prices have consistently increased, with expectations of further growth in the coming year. The market’s resilience is attributed to ongoing population growth and infrastructure developments, which continue to attract both investors and homebuyers.
Rental Market Dynamics
SQM Research highlights a tightening rental market in South East Queensland, with vacancy rates remaining low. National rental vacancy rates hovered around 1% throughout 2024, well below the 3% considered balanced. This trend is expected to persist into 2025, leading to upward pressure on rents.
The rental market’s strength is underpinned by increased interstate migration and a robust local economy, making South East Queensland an attractive destination for renters. As a result, landlords are likely to benefit from higher rental yields, while tenants may face increased competition and rising rental costs.
Banking Insights
Major banks, including NAB and ANZ, have echoed these sentiments, with NAB forecasting a 5% rise in house prices across Brisbane. Their analysis suggests that early interest rate cuts by the Reserve Bank of Australia could further stimulate the property market, enhancing affordability and driving demand.
ANZ has also pointed out the potential for continued growth in the property sector, emphasizing the importance of strategic investments and the impact of economic policies on market dynamics.
Conclusion
The South East Queensland property market in 2025 is set to experience continued growth, with both prices and rents on the rise. This positive outlook is supported by strong demand, low vacancy rates, and favourable economic conditions. For investors and homebuyers, the region presents promising opportunities, while renters may need to navigate a competitive market landscape. As always, staying informed and consulting with property experts will be crucial for making well-informed decisions in this dynamic market environment.