Local: Wed
Sydney: Wed
Select Destination
Location Time Temp
Sydney Wed24°
Melbourne Wed33°
Brisbane Wed28°
Perth Wed26°
Adelaide Wed
Hobart Wed30°
Canberra Wed23°
Darwin Wed32°


Get our help FREE advice or find service providers with our bookJobs Now

87% rise in Brisbane apartments

11 August 2015 by News Desk

property_02More than $1 billion worth of new apartments are set to be built in Brisbane following a record number of recent land sales.

The sale of sites for new developments will see around 5,300 new apartments planned for construction in the city, a 300% rise compared to the average over the past decade.

The value of these development site sales across Brisbane rose by 87% in the past 12 months, boosted by a recent $445 million rise in inner city developments. 70% of planned new apartments will be in the north and south of the city.

And the building boom in Brisbane shows no sign of slowing, with industry experts reporting continued strong demand for homes in the city. In the first six months of 2015 there have been 43 sales of major residential development sites valued at $556 million.

“Many of these projects will take several years to happen. But if developers think they are going to sell 600 apartments at $9000 per square metre they will have to take a reality check. There needs to be some common sense here,” says Andrew Roubicek of property firm Colliers International.

We use cookies on Thinking Australia

This website uses cookies to ensure you get the best experience on our website. Please confirm permission to use cookies.
Cookie Policy Privacy policy