Moreton Bay Property Market 2026: Prices, Rents and Where Growth Has Been
The Moreton Bay property market had one of the strongest runs in South East Queensland into 2026: the REIQ’s median house price for the City of Moreton Bay reached $1.053 million in the March 2026 quarter, up 5.3% in three months.[1] Since then the wider Brisbane market has turned, with Cotality’s Greater Brisbane index down 4.7% in the September quarter, although the Caboolture and Redcliffe areas were still among the region’s strongest for growth over the year.[2]
This guide sets out where the market stands in late 2026, using the latest figures from named sources: prices, rents by postcode, vacancy and population. It then looks at the main parts of Moreton Bay and what to check before you buy. It describes what the data shows; it does not forecast prices. For the same picture west of Brisbane, see our Ipswich market trends for 2026.
Key takeaways
- Moreton Bay’s median house price passed $1 million in the March 2026 quarter, on REIQ figures.[1]
- The market has cooled since: Greater Brisbane values fell in the September quarter and sales volumes dropped sharply.
- Rents are still rising in most postcodes, and the REIQ rates Moreton Bay’s rental market as tight.
- About 11,000 people were added to the city’s population in the year to June 2025.
- Check flood information, the seller disclosure documents and recent sales for the exact street, not just the suburb.
The Moreton Bay property market at a glance
| Indicator | Latest reading | Source and period |
|---|---|---|
| Median house price | $1.053 million, up 5.3% in the quarter | REIQ, March 2026 quarter[1] |
| Median unit price | $775,000, up 6.16% in the quarter | REIQ, March 2026 quarter[1] |
| House sales in the quarter | 1,544, third-highest of the council areas the REIQ reports | REIQ, March 2026 quarter[1] |
| Greater Brisbane dwelling values | Down 1.5% in September and 4.7% over the quarter, up 5.9% over the year | Cotality, to 30 September 2026[2] |
| Rental vacancy rate | 0.7%, unchanged on the previous quarter | REIQ, June 2026 quarter[3] |
| Population | 532,445, third-largest council area in Australia | QGSO, 30 June 2025[4] |
Different publishers measure prices differently. The REIQ reports median sale prices for the council area each quarter; Cotality reports median values from its index for statistical areas. Compare like with like, and check the period each figure covers.
House prices: the run-up and the 2026 slowdown
Moreton Bay’s house prices climbed quickly through 2025 and early 2026. In the December 2025 quarter the REIQ recorded a median house price of $990,000, up 6.45% in three months, and the unit median rose 12.14% to $729,500, the strongest quarterly unit growth of the council areas the REIQ reported.[5] In the March 2026 quarter the house median rose another 5.3% to $1.053 million, the strongest quarterly house growth among the major Brisbane council areas.[1]
The June 2026 quarter marked a turn across the state. The REIQ’s statewide median house price slipped 0.91% to $983,000, although it was still 16.57% higher than a year earlier, and REIQ chief executive Antonia Mercorella said that “after years of rapid gains, the market is taking a breath”.[6]
Cotality’s figures to 30 September 2026 show that slowdown deepening across Greater Brisbane, which includes Moreton Bay. Dwelling values fell 1.5% in September and 4.7% over the quarter, the number of home sales over three months was 27.2% lower than a year earlier, and capital city homes were taking a median of 39 days to sell, compared with 23 days a year earlier.[2]
Over twelve months, though, parts of Moreton Bay were still among the strongest in Greater Brisbane. Cotality’s list of the ten Greater Brisbane areas with the highest annual growth included three in Moreton Bay:[2]
| Area (SA3) | Median dwelling value | Change over 12 months[2] |
|---|---|---|
| Caboolture | $900,555 | 8.7% |
| Caboolture Hinterland | $1,048,850 | 8.2% |
| Redcliffe | $1,044,768 | 7.9% |
Those are values to September 2026, from Cotality’s October 2026 report.[2] Annual growth that strong alongside a falling quarter means most of the rise happened earlier in the year. Use recent sales in the street you are looking at, not last year’s headline growth, to judge what a home is worth today.
Rental demand has held up better than prices. In the June 2026 quarter the REIQ recorded a vacancy rate of 0.7% for Moreton Bay, 0.6% for Pine Rivers, 0.5% for Redcliffe and 1.1% for Caboolture. The REIQ treats anything from 0% to 2.5% as a tight market.[3]
The Residential Tenancies Authority publishes median rents from new bond lodgements. For houses, the July to September 2026 quarter compares with the same quarter a year earlier as follows:[7]
| Postcode (main suburbs)[7] | 3-bedroom house, Jul–Sep 2026 | A year earlier | 4-bedroom house, Jul–Sep 2026 | A year earlier |
|---|---|---|---|---|
| 4510 (Caboolture) | $580 | $550 | $680 | $650 |
| 4506 (Morayfield) | $590 | $550 | $695 | $650 |
| 4505 (Burpengary) | $620 | $580 | $700 | $660 |
| 4503 (Kallangur, Murrumba Downs) | $620 | $570 | $720 | $680 |
| 4509 (North Lakes, Mango Hill) | $670 | $620 | $750 | $700 |
| 4500 (Strathpine, Bray Park) | $647.50 | $600 | $765 | $710 |
| 4019 (Clontarf, Margate, Woody Point) | $655 | $600 | $800 | $750 |
| 4020 (Redcliffe, Scarborough) | $650 | $650 | $810 | $800 |
| 4507 (Bribie Island) | $660 | $650 | $860 | $750 |
Weekly medians from new bonds lodged, per the RTA quick finder.[7] Every figure in the table was higher than a year earlier except 3-bedroom houses in postcode 4020, which were unchanged. Some postcodes have few bonds in a quarter (Bribie Island had 24 four-bedroom house bonds in the latest quarter), so treat small samples with care, and as the RTA suggests, compare the same quarter year on year.
Moreton Bay is the third-largest council area in Australia by population, with 532,445 residents at 30 June 2025. It added 10,951 people in the year, growth of 2.1%.[4] That growth is one reason rental vacancy has stayed low.
Much of the new housing is in master-planned areas. The Caboolture West growth area includes the new suburbs of Waraba and Lilywood, alongside established estates around North Lakes and Narangba. Our guide to the top City of Moreton Bay infrastructure developments covers the transport and community projects planned around them.
Moreton Bay is too big to treat as one market. Our Moreton Bay suburb reports cover each suburb; these are the broad areas buyers usually choose between.
- Pine Rivers. The suburbs closest to Brisbane, on the rail line and the Bruce Highway, such as Strathpine, Kallangur and North Lakes.
- The Redcliffe peninsula. Older bayside suburbs such as Redcliffe, Margate and Scarborough, with a mix of original homes, units and newer builds.
- Caboolture and Morayfield. The northern centres, including Morayfield and Burpengary, where the RTA data shows some of the lower rents in the region.[7]
- Bribie Island and the coast. Island and waterfront suburbs such as Bongaree and Banksia Beach.
- The hinterland. Acreage and rural-residential areas west of Caboolture, such as Woodford.
- Flooding. The council’s flood check property report gives its latest flood information for a property, including river, creek and urban drainage flooding, storm tide, tidal inundation and overland flow.[8] The seller’s disclosure statement does not have to include flooding history.[9]
- Disclosure documents. Since 1 August 2025 the seller must give you a disclosure statement and certificates before you sign.[9] Read them for easements, zoning and notices.
- Recent sales. In a slowing market, sales from six months ago may overstate today’s value. Compare the most recent sales of similar homes nearby, or order a valuation; see our guide to property valuation in Brisbane.
- The street, not the suburb. Rents and values vary within a postcode: proximity to the rail line, schools, main roads and the water all matter.
- The full cost. Add transfer duty and fees with our property purchase calculator.
A cooler market changes how a purchase runs. With fewer sales and homes taking longer to sell across the capitals,[2] buyers often have more time for inspections and due diligence, and more room to negotiate on price and terms. The REIQ reports that agents are seeing longer campaigns, more due diligence and more days on market.[6]
That works both ways. A slower market does not mean every home is cheaper, and well-located homes can still draw competition. Set your price from the evidence, keep your finance pre-approval current, and use the conditions in the contract to protect yourself; our guide to the contract of sale in QLD explains how they work.
Brisbane’s north and Moreton Bay are IPS’s strongest patch. We work only for buyers, never sellers, and help with the search, including off-market property, inspections, negotiation and auction bidding, through to settlement. See our local Moreton Bay buyer’s agent page for how we work in the region.
Our client stories show what that looks like locally, from a Caboolture unit secured for $517,500 against a competing $525,000 offer, to an off-market Deception Bay home for a first-home buyer.
Moreton Bay’s house median passed $1 million in early 2026,[1] prices have since cooled with the wider Brisbane market,[2] and rents are still rising in most postcodes against a vacancy rate of 0.7%.[3] With more than half a million residents and steady growth,[4] demand is broad, but conditions now favour careful, evidence-based buying over speed.
This article is general information only, current at October 2026. It is not financial or investment advice, does not forecast prices, and does not consider your circumstances. Market figures change each month; check the latest data and get advice before you buy.
If you are looking to buy in Moreton Bay, book a time with Tim Allen.
- REIQ — Queensland property prices keep climbing as headwinds gather (March 2026 quarter data, 28 May 2026)
- Cotality — Home Value Index, October 2026 (data to 30 September 2026)
- REIQ — State of flux in Queensland’s rental market (June 2026 quarter vacancy rates, 30 July 2026)
- Queensland Government Statistician’s Office — Population growth, regional Queensland, 2024–25 (ABS data released 31 March 2026)
- REIQ — Queensland property prices pushed up by persistent supply pressures (December 2025 quarter data, 31 March 2026)
- REIQ — Queensland property market takes a breath after years of rapid growth (June 2026 quarter data, 31 August 2026)
- Residential Tenancies Authority — Median rents quick finder (Jul–Sep 2026 and Jul–Sep 2025, houses, read 28 October 2026)
- City of Moreton Bay — Flood check property report
- Queensland Government — Seller disclosure scheme
What is the median house price in Moreton Bay?
The REIQ’s median house sale price for the City of Moreton Bay was $1.053 million in the March 2026 quarter, up 5.3% in three months. Cotality’s figures to September 2026 put median dwelling values at about $900,000 in the Caboolture area and just over $1 million in the Caboolture Hinterland and Redcliffe areas. Prices vary widely by suburb, so check recent sales nearby.
Are Moreton Bay house prices falling?
The wider Brisbane market has cooled. Cotality’s Greater Brisbane index, which includes Moreton Bay, fell 4.7% over the September 2026 quarter, and the REIQ’s statewide median house price slipped in the June quarter. Over twelve months, though, the Caboolture and Redcliffe areas were still up around 8%. This describes past data only; it is not a forecast.
What is the rental vacancy rate in Moreton Bay?
The REIQ recorded a vacancy rate of 0.7% for Moreton Bay in the June 2026 quarter, unchanged on the previous quarter. Pine Rivers was 0.6%, Redcliffe 0.5% and Caboolture 1.1%. The REIQ treats any rate from 0% to 2.5% as a tight rental market, so tenants in the region still face strong competition for homes.
How much is rent for a house in Moreton Bay?
Residential Tenancies Authority data for July to September 2026 shows median rents for new leases on 3-bedroom houses from $580 a week in the Caboolture postcode to $670 in North Lakes and Mango Hill, and 4-bedroom houses from $680 to $860 on Bribie Island. Almost every postcode we checked was higher than a year earlier.
How many people live in Moreton Bay?
The City of Moreton Bay had 532,445 residents at 30 June 2025, making it the third-largest council area in both Queensland and Australia, after Brisbane and the Gold Coast. It added 10,951 people in the year to June 2025, growth of 2.1%, according to the Queensland Government Statistician’s Office.