Big things are on the horizon for Brisbane and Adelaide! By the end of 2025, both cities are predicted to join Australia’s exclusive million-dollar median house price club, according to Domain.
Despite economic headwinds, these markets have shown resilience with strong demand and undersupply, driving significant price growth.
Forecasts for 2025 project house price growth of 5-7% in Brisbane and 7-9% in Adelaide, taking them past the million-dollar mark. Smaller cities like Perth, Adelaide, and Brisbane are no longer in the shadow of Sydney and Melbourne, emerging as standout performers in 2024.
Shifting buyer preferences have also reshaped the market, with pools and waterfront properties in high demand, reflecting lifestyle-driven choices. Looking ahead, 2025 is expected to unfold in two phases with a softer start transitioning to a stronger second half as affordability pressures ease and potential rate cuts attract more buyers.
