Brisbane’s housing market scores silver in the race to be the fastest-selling city
First published 18 Jul 2025, 5:00am
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Brisbane’s homes are selling so fast that the rest of the country is struggling to keep up.
New analysis from Ray White Group has found Brisbane to be the second-fastest selling capital city across the country, and the capital that closest follows ongoing Australian trends.
Across Brisbane, 64 per cent of homes sell within 15 to 30 days, beating the national median of 31 days.
Meanwhile, 19 per cent of homes sell within the first 14 days of the campaign, meaning 83 per cent of Brisbane’s housing market is in a healthy condition.
Brisbane’s housing market is the second-fastest in the country, at a median of 21 days on the market – only behind Perth. Picture: TEQ
This is only beaten by Perth, where 97 per cent of properties will sell within the first month, with 76 per cent of homes selling in the first 14 days.
Ray White senior data analyst Atom Go Tian said despite Perth’s “astronomical” growth, there was a concern it may “rubberband back” when compared to Brisbane’s consistent market.
“Brisbane is unique because it mirrors Australia’s trend the most closely,” he said.
Ray White senior data analyst Atom Go Tian said Perth’s market had the risk of quickly moving the other way, while Brisbane’s market was typically more consistent.
“My guess is that the price range of Brisbane is very close, historically, to that of Australia … although [sales times] are faster by comparison.”
“Brisbane’s been seeing that jump in population, and that’s why the urgency has been faster than Hobart, or Canberra.”
The data was gathered from data firm Cotality’s monthly indices, observing median sale times and a closer analysis of individual suburb sales within each city.
Five suburbs observed within Brisbane all sold within eight to nine days, with prices ranging from $522,500 to $750,000.
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Mr Tian added that Brisbane’s sales times were the closest to ongoing trends across the entirety of Australia. Picture: Ray White
83 per cent of houses in Brisbane sell within the first 30 days on the market. Picture: Ray White
Overall, Australian homes are slowly spending more time on the market, following the post-Covid housing boom. Brisbane homes were on the market for a median of 18 days in June of 2024, and 21 days in June of 2025, compared to a nation rise of 29 to 31 days.
CEO of Ray White Collective Haesley Cush said calmer weather and large migration numbers were both big factors when it came to Brisbane’s strong house sales.
“The Brisbane market is in great shape for all the market and infrastructure reasons, but beyond that, the market performs when Sydney and Melbourne don’t,” he said. “You’ve got a lot of people wanting to buy, so you’ve got the most pent-up competition.”
Ray White Collective’s Haesley Cush said high migration, growing infrastructure and expensive build costs made the city appealing for sellers.
Mr Cush added that one thing going against the city’s appeal was building costs, which have skyrocketed in recent years due to an inability to meet demand.
“With Brisbane, all of the good buttons are sitting there,” he said. “And the one bad button is the cost to build. Unfortunately for buyers, this is a good button for sellers.”
