Brisbane has officially overtaken Melbourne to become Australia’s second-most expensive capital city, marking a significant shift in the national property landscape, according to Brisbane Times. The city’s rise has been driven by double-digit house price growth and a rapidly strengthening unit market, with median values reaching record highs across multiple suburbs.

Brisbane Times reports that suburbs such as Springwood–Kingston and Cleveland–Stradbroke have hit new price peaks, while outer-ring unit markets including Loganlea–Carbrook and Beenleigh recorded gains of up to 31 per cent. Strong population growth, constrained housing supply, Olympic-related confidence, and rising investor activity — with investors now accounting for around 42 per cent of buyers — have been key drivers of the surge.

The rare riverfront property, at 17 Julius Street in New Farm, became Brisbane’s most expensive home. AFR

While growth is expected to moderate slightly in 2026, Brisbane Times notes that affordability pressures and limited new supply are likely to persist. These conditions underscore the increasing importance of modular and offsite housing as a scalable way to deliver new homes faster in high-growth markets.

In this context, AUSMOD20K, which aims to deliver 20,000 affordable modular homes across Australia, aligns closely with the urgent need to expand housing supply in cities like Brisbane, where traditional construction continues to struggle to keep pace with demand.

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