By Paul Riga | 17 Sep 2015

Brisbane has busted its apartment sales record, reaching its highest level of apartment sales ever in any single quarter, according to new research released today by leading property analysts Urbis.

The latest Urbis Brisbane Apartment Insights report revealed 2,277 new apartments sold across 86 projects between March and June, smashing the previous record of 1,541 sales in the fourth quarter of 2014 – an increase of over 700 transactions.

Urbis Economic and Market Research Director Malcolm Aikman said the Brisbane apartment market had been an incredible hive of activity during the quarter.

“Brisbane is now in new territory in terms of apartment sales,” Mr Aikman said.

Mr Aikman said 27 projects were to be launched between July and September, bringing some 3,200 new apartments to the market which will keep supply levels strong into 2016.

He said developers looking to launch their projects between now and the end of the year would have to make careful sales and marketing decisions.

“There is strong demand, however more apartments available mean more choice for buyers and developers need to be careful about how they position themselves against their competition,” he said.

The Urbis Brisbane Apartment Insights report also found that while activity in the Brisbane market was high, prices had remained stable, making Brisbane increasingly attractive to interstate buyers and foreign investors.

“We expect to see a high proportion of interstate buyers and investors as Brisbane continues to outperform Sydney and Melbourne from a rental return and price point,” Mr Aikman said.


  • Inner Brisbane recorded a total of 2,277 sales compared to 911 sales in Q2 2014 and 1,221 in Q1 2015.
  • The Inner North recorded 734 sales or 32 per cent of all apartment sales.
  • The Inner South recorded 534 sales or 23 per cent of all apartment sales.
  • The Inner North weighted average sales price rose by $27,170 to $545,027 during the June quarter.
  • The CBD saw sales increase to a new record of 486 on the back of the launch of Spire and the continued sales of Skytower.
  • The CBD remains the highest priced precinct, with a weighted average price of $672,377.
  • Based on surveyed data, the Inner East remains the most affordable precinct in Brisbane to buy an apartment with an average price of $511,982.
  • The two bed two bath product remains the most popular across all precincts and will make up 51 per cent of future supply.


The Urbis Apartment Essentials series is published quarterly, reporting on the apartment market covering Brisbane, the Gold Coast, Perth and Melbourne.

Please click here to download the Urbis Brisbane Apartment Insights subscription form

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