Market Update – Brisbane

Market update - Brisbane

What is the Brisbane market currently doing?

With many Australian states experiencing a down fall in property values, according to CoreLogic reports, Brisbane apartment values are on the rise. With apartment values rising 0.1% in June, the market is headed in the right direction.

Due to a population increase, the supply of apartments are levelling out in Brisbane. With generally healthy levels of property affordability, the Brisbane property market is predicting steady values compared to other major cities throughout Australia.

Apartment prices

Apartment prices in Brisbane are noticeably more affordable compared to other capital cities in Australia.

Region Median unit price
Brisbane East $409,000
Brisbane North $371,000
Brisbane South $396,000
Brisbane West $438,500
Brisbane Inner City $473,250

Where is the market headed?

With the property values in the Brisbane market steadily gaining pace, more families and downsizers from the Southern Cities are cashing-in for a life in the sunshine state.

There is strong demand from investors and home buyers due to the attractive pricing in Brisbane and as a result, putting a floor under property prices.

Development projects

With the continuous growth in Brisbane, there are many developments approved and under construction. These developments include:

443 Queen Street
443 Queen street is Australia’s first subtropical-designed building merging the city scape with greenery and a tropical atmosphere. The complex is currently under construction on the last remaining Brisbane CBD riverfront site.

Brisbane Sky Tower – 222 Margaret Street
Recently completed, Brisbane’s Sky Tower brings 1141 apartments to the Brisbane CBD. Brisbane’s Sky tower has earnt its name being the tallest tower in Brisbane with a staggering 90 stories. The complex features Australia’s highest infinity pool with some of the most scenic views in Brisbane.

Queens Wharf
Queens Wharf Brisbane is expected to open in 2022. The project is set to transform the CBD with an iconic design that will put Brisbane on the map for the perfect tourism, leisure and entertainment destination. The project is predicted to create 2000 jobs during peak construction and 8000 jobs once operational.

Brisbane is one of Australia’s most up and coming cities making it the perfect scene for new 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.

Click here to talk to one of our experienced Developer Consultants today.