The property market in South East Queensland (SEQ) has been experiencing significant shifts, with rising house prices, strong demand, and changing economic conditions shaping the region. Whether you are a homebuyer, investor, or seller, understanding the current average prices of South East Queensland homes is crucial for making informed decisions. At Sale by Home Owner Australia, we provide homeowners with the tools to sell their properties privately while keeping up with market trends.

Current Average Prices Across South East Queensland

South East Queensland comprises key real estate hotspots, including Brisbane, the Gold Coast, and the Sunshine Coast. Each area has witnessed a steady rise in home prices due to increasing demand, limited supply, and major infrastructure developments. Let’s take a closer look at the current average prices.

1. Brisbane’s Property Market

Brisbane has seen a steady rise in home prices, driven by a booming population and high demand for housing. As of early 2024, the median house price in Brisbane stands at $924,000, reflecting an increase of approximately 12% over the past year. The unit market has also grown, with a median price of $549,000, showing strong interest from investors and first-home buyers.

Some of the highest median house prices in Brisbane can be found in blue-chip suburbs like:

•           Hamilton – $1.9 million

•           Paddington – $1.5 million

•           Bulimba – $1.6 million

On the more affordable end, outer Brisbane suburbs like Logan, Ipswich, and Moreton Bay offer lower median house prices, typically ranging between $600,000 and $750,000, making them attractive options for first-home buyers.

2. Gold Coast: Surpassing the Million-Dollar Mark

The Gold Coast continues to be one of Australia’s most desirable lifestyle destinations. The region has recently hit a major milestone, with the median house price now exceeding $1 million. This represents an annual growth rate of 8.4%.

The demand for waterfront properties and luxury apartments has contributed to this price surge. Suburbs such as Mermaid Beach, Broadbeach Waters, and Burleigh Heads boast median house prices well above $2 million, while inland suburbs like Coomera and Pimpama provide more affordable options in the $700,000 to $850,000 range.

The unit market on the Gold Coast has also seen substantial growth, with the median apartment price sitting at $705,000, marking a 10.2% annual increase.

3. Sunshine Coast: Rising Demand for Lifestyle Properties

The Sunshine Coast has maintained its status as a prime real estate hotspot, with house prices nearing the million-dollar mark. The median house price now sits at $998,000, a 5.1% increase over the past year.

Popular beachside suburbs such as Noosa Heads, Mooloolaba, and Coolum Beach continue to attract high-end buyers, with median prices surpassing $1.5 million. Meanwhile, areas further inland, such as Buderim and Nambour, offer more affordable alternatives, with median house prices in the $700,000 to $850,000 range.

The unit market is also thriving, with median apartment prices now at $715,000, reflecting a 7.4% annual increase.

Factors Driving Price Growth in South East Queensland Homes

Several key factors are influencing home prices across the SEQ region:

1. Population Growth and Migration

South East Queensland continues to attract new residents from interstate, particularly from Sydney and Melbourne, due to its more affordable housing options and desirable lifestyle. Strong migration has increased demand for housing, contributing to rising prices.

2. Infrastructure Development and the 2032 Olympics

Major infrastructure projects, including the upcoming Brisbane 2032 Olympics, have significantly impacted property values. Government investment in roads, public transport, and new developments is making SEQ an even more desirable location for homebuyers and investors.

3. Low Housing Supply

Despite strong demand, housing supply remains constrained. The shortage of new home developments, combined with construction delays, has further pushed up property prices across the region.

4. Interest Rates and Economic Conditions

Interest rate changes have played a role in shaping the real estate market. While borrowing costs have increased, many buyers are still willing to enter the market due to the long-term investment potential of South East Queensland homes.

What This Means for Buyers and Sellers

The current real estate landscape presents both challenges and opportunities:

For Buyers:

•           Be prepared for strong competition in high-demand areas.

•           Consider emerging suburbs that offer lower prices but strong growth potential.

•           Take advantage of potential interest rate cuts expected in 2025 to increase borrowing capacity.

For Sellers:

•           Homeowners in high-demand areas can expect strong returns on their properties.

•           Selling your home privately with Sale by Home Owner Australia can help you save thousands in agent commissions.

•           Presenting your home in its best light with quality marketing and professional photography will attract serious buyers.

Final Thoughts

South East Queensland remains one of Australia’s most attractive property markets, with strong price growth across Brisbane, the Gold Coast, and the Sunshine Coast. While affordability challenges persist, demand remains high, and infrastructure projects continue to boost property values.

At Sale by Home Owner Australia, we help homeowners sell their properties privately, ensuring they get the best price while saving on commission fees. Whether you're looking to buy, sell, or invest, understanding the latest price trends in South East Queensland homes will give you the advantage you need in this competitive market.

Would you like assistance selling your home privately? Visit Sale by Home Owner Australia and start your journey today!