For landlords, the rental market keeps moving in their favour. Domain data shows combined capital city house rents rose $20 per week over the June quarter, with Brisbane up $10, as tight supply keeps owners firmly in the driving seat. Domain’s Nicola Powell says renters are operating in a landlord’s market, adding that “the real test will come in the months and years ahead as investors adjust to the new policy environment and those decisions begin to flow through to housing availability and rental conditions.”

That scarcity continues to underpin values for existing owners. A YIMBY Melbourne report found 76% of residential land within 20 kilometres of capital city centres is restricted, limiting how quickly new supply can arrive, while Australian Bureau of Statistics figures show dwellings under construction fell 11.2%, with just 197,340 homes commenced in the year to March against a 240,000 target. With demand outpacing delivery, those who already hold property remain well placed.

The equity story is the clearest of all. PropTrack identified 23 markets where median prices have doubled in three years, led by Queensland and Western Australia. South East Queensland stands out among the unit performers, with Woodridge in the Logan council area up 131% to $565,000 and nearby Waterford West up 123% to $625,000, a powerful reminder of the wealth building for owners.

Johnson Real Estate covers sales and rentals across South East Queensland. Call 1800 SELL SMARTRE, or email sellsmartre@johnsonre.com.au.