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Brisbane property market enters a correction but long-term outlook remains intact

Brisbane's property market slipped into decline in July, but persistent housing undersupply, low rental vacancies and strong population growth suggest the longer-term investment story is far from over.

Brisbane city with Melinda Jennison
(Image source: Streamline Property Buyers)

Brisbane’s property market moved into negative territory in July 2026, with Cotality’s Home Value Index recording a 0.6 per cent fall in dwelling values over the month.

While modest in isolation, the result is the clearest indication yet that the slowdown building since the Federal Budget has become a genuine correction rather than simply a loss of momentum.

The shift reflects a broader change unfolding across Australia.

Nationally, dwelling valu…

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