Urbis Apartment Essentials National Snapshot 2025 Q2

The Urbis Apartment Essentials is the most comprehensive national apartment survey in Australia and the only survey where sales data for apartment projects with 25 or more units is collected at the time of contract rather than at settlement.

Our brightest minds analyse the data quarterly to provide you with the latest market activity and future supply pipeline. Discover more apartment trends in our National Apartment Essentials Snapshot.

Read the full report here. 

Snapshot 2025 Q2: 

• Price per square metre: the price per square metre of off-the-plan apartments has shown a clear upward trajectory since 2021. By Q2-2025, the average rate remains well above $15,000/sqm nationally.
• Sales as % of availability: clearance rates for off-the-plan apartments improved in Q2-2025, with sales as a proportion of available stock lifting from 12% in Q1 to 15% in Q2, nationally. The uptick was most pronounced on the Gold Coast (up 7 percentage points) and in Melbourne (up 5 percentage points), offsetting softer activity in Brisbane which experienced a standout performance in Q1.
• Buyer profile: Whilst remaining a predominately owner-occupier buyer’s market, the off-the-plan investor market showed renewed confidence in Q2-2025, driven by lower interest rates and positive sentiment, despite high construction costs. Almost half of buyers (48%) were investors, the highest representation in 5 years.
• Future apartment supply pipeline: Between 2021 and 2024, annual completions averaged just 19,350 apartments per year, underscoring the significant development challenges faced by the market – rising construction costs, labour shortages, and tighter financing conditions.
• Rents in new builds: In Q2-2025, median weekly rents rose by 0.7% quarter-on-quarter, with a continued moderation in the rate of growth that began in 2024. However, rents are still up 3.6% year-one year.
• Build-to-rent pipeline: In Q2-2025, the Build-to-Rent pipeline expanded by 4% quarter-on-quarter, with2,355 additional apartments added – up 12% since 2024.

Get in touch with one of our local, on-the-ground team members today to discuss what’s happening in your market.

Victoria – Mark Dawson and Dylan Gray

New South Wales – Alex Stuart

Queensland – Paul Riga, Monique Ryan and Lynda Campbell

Western Australia – David Cresp