Brisbane’s new apartment market posted a steady performance in the September quarter, according to new research released today by leading property consultants, Urbis.
With 827 recorded new apartment sales in the September quarter, the Brisbane new apartment market held firm, up from 810 sales in the previous June quarter.
The Inner Brisbane weighted average sale price registered an increase of $48,082 over the previous quarter, ending the September 2016 quarter at $626,663. This is the first increase since the peak of $626,853 in the December 2015 quarter.
Urbis Associate Director Paul Riga said the steady sales were as expected, with fewer project launches once again helping supply and demand stay within reach of each other.
“Major international property developer is investing big in Brisbane. @brittneykleyn_9 #9News https://t.co/o0hgAXCbwA
— Nine News Brisbane (@9NewsBrisbane) November 30, 2016