Brisbane’s property market is appearing to steadily gain pace.
The declining supply in available apartments in Brisbane has begun to stimulate the interest of developers.
Each year approximately 25,000 new residents move to Brisbane city creating a renewed sense of urgency for developers.
There are currently 185 new major apartment projects planned for inner Brisbane. This is equaling an estimated 48,250 new apartment lots. Currently only 30% of these developments are under construction. Only 17 percent of these developments are probable to begin over the next two-three years.
A larger number of new apartment developments are anticipated to launch by the end of financial year in 2019.
Live-ability, affordability, scale and future economic prospects has led analysts to suggest that Brisbane has the potential to grow over the 2019 period. This suggests that Brisbane is a market where home owners and investors can confidently buy.
Consultancy BIS Oxford Economics expects 5,700 new apartment completions in Brisbane this calendar year. This is almost half of the 10,700 completed in 2017.
With many new developments currently under construction and more projects in the planning stages, many new strata communities will be created.
SSKB is the respected name in strata management with decades of experience managing body corporate and owners corporation developments across the east coast of Australia.
SSKB Developer Consultancy division prides itself on attention to detail.
Our attention to detail and expertise in establishing quality strata schemes, is sought after by developers looking to successfully market and sell residential and commercial developments.
We work with Australia’s leading developers to bring to life many iconic and landmark projects including high-rise projects, townhouses, strata schemes, community title subdivisions, integrated resort communities and mixed-use development schemes.
If you are a developer, click here to talk to one of our development consultants today.