It’s hard to believe we’re already in May – time is flying and Brisbane’s property market continues to keep everyone on their toes. If you’ve been following the headlines or attending open homes, you’ll know things are moving, but not always in the way you’d expect. Here’s what I’m seeing on the ground right now.
How’s the Property Market in May 2025?
April was noticeably quieter in Brisbane’s property market, with activity easing off over the school holidays, the Easter long weekend and now the lead-up to this Saturday’s federal election. That said, things are already starting to pick back up. This week I’ve been pleased to see a good number of new listings come online, welcome news after what felt like a particularly slow run through April. While the short-term pause was expected, the fundamentals remain solid, and it’s encouraging to see fresh opportunities emerging as we head into May. Bring them on.
Lower price brackets ($600,000 – $1.15 million)
The lower end of the market remains as competitive as ever. First-home buyers and investors are out in force, chasing both affordability and strong rental returns. Open homes are busy and well-priced properties often attract multiple offers, sometimes selling after just one inspection.
While buyers are motivated, they’re also more budget conscious than this time last year. Higher mortgage costs are definitely part of the conversation, but they haven’t taken the edge off demand. In fact, CoreLogic’s latest data shows lower value homes in Brisbane rose about 2.2% for the quarter, while the top end barely moved. Units are also in focus – values are up nearly 13% over the past year, as more buyers are priced out of standalone houses and turn to units and townhouses.
Stock remains tight. Many sellers are holding off, unsure of where they’ll go next. This shortage means well-presented homes are moving quickly, and there’s genuine urgency among buyers. If you’re looking in this range, my advice is to be prepared, act decisively but don’t panic buy. Good opportunities are still out there and as I say regularly – It’s better to buy a good property for a fair price, than a fair property for a good price.
Mid-range ($1.15 million – $2 million)
This bracket is showing steady activity. Much of the demand here comes from local families upsizing, as well as interstate buyers seeing value in Brisbane compared to the southern capitals. Well-renovated homes in middle-ring suburbs like Grange, Ashgrove, Holland Park and Indooroopilly are still drawing strong interest. I recently attended an auction of a character home in Camp Hill that attracted 11 registered bidders.
Price growth in this range is moderate. Brisbane’s median house value is nudging $1.1 million, and annual growth is sitting around 7–9%. Buyers have a bit more breathing room than last year, but not by much and quality homes are still moving fast, especially when priced right.
There was a short pause over Easter and in the lead up to the federal election, but this weekend, open homes and enquiries will no doubt ramp up again. Buyers in this range are informed and pragmatic, they’ll engage if a property is priced realistically, but they’re not afraid to walk away. It feels like a steady, confident market – plenty of interest and good buyer engagement, just without the frenzy we’ve seen in the past.
Upper market ($2 million – $5 million+)
At the top end, it’s a smaller, quieter market, but a serious one. Affluent locals, expats and interstate movers are all active, but they’re deliberate. They move when the right property comes along. Demand is steady in blue-chip areas like Ascot, New Farm and Paddington, but supply is thin, with many owners choosing to hold unless they have a compelling reason to sell.
Growth at the top is more subdued. The prestige end isn’t seeing the same uplift as the entry-level market, but standout properties are still achieving premium results. A recent sale in Upper Lancaster Road, Ascot reached $5.35 million, proof that quality and location still drive strong outcomes. Off-market transactions remain common, and when a trophy home ticks all the boxes, buyers don’t hesitate.
Looking ahead. 
Brisbane’s fundamentals are looking as solid as ever in 2025: Population growth, tight supply and billions being poured into infrastructure projects are all supporting demand. The federal election this weekend always makes some buyers pause, but overall confidence remains high, especially with borrowing conditions stabilising and rates looking like they may be heading south.
Off-market opportunities are definitely on the rise, and I’ve helped several clients secure properties this way recently. As the market shifts, knowing where the best opportunities are at each price point is more important than ever.
If you’re looking to navigate the property market in Brisbane, Templeton Property is here to assist you every step of the way. With expert knowledge and a personalised approach, our independent buyer’s agents help you make informed decisions and secure the best outcomes for your property purchase journey.
Ready to start your property buying journey? Contact Templeton Property today, and let us help you find the perfect home or investment in Brisbane. You can also explore our blog for valuable industry insights and expert tips.
We look forward to hearing from you.
Sam Price, Buyer’s Agent and Director
