During the first three months of the year, the Real Estate Institute of Queensland found that the property market in Queensland has consistently shown signs of growth and resilience, particularly across regional areas, which ultimately led to growth in the Sunshine State.

Brisbane home prices rose by 0.5% in January 2020, followed by record-high housing values in February, with values increasing by 0.6%.

In March 2020, the initial impacts of coronavirus began to lower house prices, but Brisbane again saw housing prices rise by 0.6% to a monthly median of $506,553.

It is only in the last quarter that Brisbane prices have dropped, but the fall has been mild compared to other capitals. Brisbane is down just 0.2% over the last quarter.

Brisbane is likely to be one of the best-performing property markets in the next few years – especially in light of its stability through trade restrictions and lock-downs.