By Paul Riga | 22 Dec 2015

Brisbane’s new apartment market is holding strong according to new research released today by leading property analysts Urbis.

The latest Urbis Brisbane Apartment Insights report revealed a total of 1,899 new apartments sold between July and September, the second highest volume of sales on record behind the June quarter (2,277 sales).

Urbis Economic and Market Research Director Malcolm Aikman said the current sales rate indicates purchaser demand has remained strong.

“The September quarter marks the first time since December 2014 that the number of apartments available for sale (2,293) was roughly equal to the number of apartments sold. In other words, supply is aligning with demand,” Mr Aikman said.

“The research shows Inner Brisbane now has the lowest volume of active apartments available since January as local, interstate and international buyers continue to recognise opportunities in the river city.”

Approximately 27 new projects are expected to launch in the December quarter, bringing between 2,500 to 3,000 new apartments to the market before the end of the year.

Mr Aikman said there are some new and exciting projects in the pipeline for 2016 which had been long awaited.

“Developers are facing high levels of competition and are becoming more attune to buyer demands to secure their share of the market,” he said.

“A competitive developer market means buyers will benefit from more choice, better quality product, relative affordability and a greater mix of amenity.”

The Urbis Brisbane Apartment Insights report also found the weighted average sale price for Inner Brisbane apartments had increased by more than $30,000 since June and more than $45,000
compared to the corresponding quarter in 2014.

The Inner South* was the most active precinct with 842 transactions, making up 44 per cent of all sales and driven largely by a number of major new project launches.

Almost half of all product sold were two bedroom two bathroom apartments, which continue to register the greatest demand and make up 49 per cent of Brisbane’s future supply.

*Inner South suburbs include South Brisbane, West End, Highgate Hill, Dutton Park, Woolloongabba, Greenslopes, Annerley, Fairfield and Yeronga.


  • Inner Brisbane recorded a total of 1,899 sales compared to 2,277 sales in Q2 2015 and 1,401 in Q3 2014.
  • The Inner Brisbane weighted average sale price rose by $33,481 to $601,488 during the September quarter.
  • The Inner South recorded 842 sales or 44 per cent of all apartment sales.
  • The Inner North recorded 588 sales or 30 per cent of all apartment sales.
  • The CBD remains the highest priced precinct, with a weighted average price of $689,063.
  • Based on surveyed data, the Inner West was the most affordable precinct with an average price of $528,409.
  • The two bed two bath product remains the most popular across all precincts and will make up 49 per cent of future supply.
  • Urbis estimates indicate the Insights report has captured roughly 85 per cent of the Inner Brisbane medium and high rise apartment market.

To order a copy of the Urbis Brisbane Apartment Insights report, contact Anna Golkowski via email or phone 07 3007 3860.

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