Aleisha Dawson, Property Journalist
First published 16 Nov 2026, 4:00am
28 Mylne Street, Chermside is listed for sale at offers over $1m. Source: realestate.com.au
Falling prices and rising rents in the same suburb sounds impossible – but new research has found 20 Brisbane suburbs where both are happening simultaneously.
Exclusive data in the Brisbane Property Report 2026, a joint publication by Coast Buyer’s Agency and research house Hotspotting, revealed suburbs where prices have stalled or slipped since the May federal budget while rents have continued to climb.
28 Latham Street, Chermside is going to auction on November 18. Source: realestate.com.au
Joe Pullos, principal of Coast Buyer’s Agency.
Joe Pullos, principal of Coast Buyer’s Agency, said a falling price was only an investment prospect if the rental market underneath it was still strong.
“Not every price fall is an opportunity,” Mr Pullos said.
“Knowing which is which is the key to investment success.”
To make the list, a suburb had to clear five tests — five-year average growth of 10 per cent a year or better, asking rents up at least five per cent over the past 12 months, vacancy of 1.5 per cent or less, a median of fewer than 35 days on market, and no sign of oversupply.
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102 Penarth Street, Runcorn is listed for sale at offers over $899,000. Source: realestate.com.au
The top suburbs for houses were Enoggera, Runcorn, Chermside, Toowong and Mount Gravatt.
Wishart, Northgate, Carina, Carina Heights and Manly West rounded out the top 10.
“On paper, the biggest fallers look like the deals of the year,” Mr Pullos said.
“But if nobody is competing to rent there, you’re not buying a discount, you’re buying a problem.”
“Every one of the ten house markets on that list is flat or down since May, and every one of the 20 has rents going up,” Mr Pullos said.
“Mount Gravatt is down 1.3 per cent with rents up 12 per cent reflecting the strongest rent growth of the twenty.
1/20 Elite Street, Runcorn is going to auction on November 18. Source: realestate.com.au
For units, the top suburbs were Oxley, Albion, Toowong, Teneriffe and Gordon Park.
Lutwyche, Kelvine Grove, Murrari, Stafford and Clayfield rounded out the top 10.
“Meanwhile, Gordon Park units have a vacancy rate of 0.3 per cent.
“They are good markets having a quiet moment.
“The buyers who do well out of the next six months will be the ones who understood the difference.”
96 Laurel Street, Enoggera is on the market. Source: realestate.com.au
Brisbane was the strongest-performing capital on the eastern seaboard earlier this year, but May’s federal budget changed the mood, and listings have risen sharply since.
The report showed Brisbane dwelling values were now around 10 per cent below their May 2026 peak, with house medians down 4.9 per cent and units down 4.2 per cent in the three months to October.
47 Gower Street, Toowong is going to auction on November 18. Source: realestate.com.au
Despite this, Mr Pullos said the underlying drivers had not shifted with new residents still arriving in Brisbane and more than $164b of major infrastructure proposed or underway, including the $7.1b committed to 2032 Olympic venues
“For the first time in several years, buyers have choice, time and room to negotiate,”
“Brisbane is still absorbing more than 860 people a week into a market that isn’t building enough homes.
“The fundamentals haven’t changed. The price has.
“That’s a very specific kind of opportunity and it has a shelf life.”
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