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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
Units have again proven more resilient than Brisbane's house prices, an ongoing feature of the city's property market. (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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