The Windermere, Ascot - 77 Racecourse Road, Ascot

Verona - 93 Baines Street, Kangaroo Point

Vertice - 8 Lochaber Street, Dutton Park

Sassari - 25 Duncan Street, West End

Sorrento - 15 Duncan Street, West End

Vinci Apartments - 28 Wharf Street, Kangaroo Point

Alto Apartments - 66 High Street, Toowong

299 Coronation Drive, Milton

Is Brisbane's property market growth sustainable?

We're still seven years away from the 2032 Brisbane Summer Olympics, and in the last two years alone, Brisbane dwelling values (houses and units combined) have risen by 24.5 percent.

Last year saw the biggest increase in units since the late 1980s, with values growing by 16.6 percent in 2024, bringing the median unit value to $680,000.

Three months into 2025, and not much has changed.

CoreLogic's latest Home Value Index shows another 0.7 percent gain in unit values in March, following gains of 0.7 percent in February and 0.6 percent in January. Now, the median unit value is approaching $700,000.

With billions of dollars set to be poured into major infrastructure projects across Brisbane, a forecasted strong increase in population, and an ongoing shortage of new properties coming to market, there's no reason why Brisbane can't continue to outperform the rest of Australia.

<h2>What happened in Brisbane’s off the plan apartment market in March?</h2>

Brisbane was spurred again with another huge government announcement. It was revealed Victoria Park, on the edge of Spring Hill, will be hub of the 2032 Brisbane Summer Olympic Games.

A new 63,000-seat stadium will be delivered and will become the new home of the Brisbane Lions, Brisbane Heat, and Queensland Bulls.&nbsp;There will also be a new National Aquatic Centre at Centenary Pool in Spring Hill and a major upgrade of the Queensland Tennis Centre.

<img alt="Let the Games begin: QLD Government reveals 2032 Brisbane Summer Olympic Games plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-03-26%20at%208.29.00%E2%80%AFAM.png?VersionId=tf4963Fh57hVGfR0RQFRtwEM_Grb4oQ5" />

While a dedicated Brisbane Arena is no longer required for the Games, the government is facilitating its delivery by the private sector at the GoPrint site in Woolloongabba.

Premier David Crisafulli emphasised that the new venues and upgraded facilities would attract world-class events beyond 2032, ensuring a lasting impact on Brisbane.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/let-the-games-begin-qld-government-reveals-2032-brisbane-summer-olympic-games-plans">Let the Games begin: QLD Government reveals 2032 Brisbane Summer Olympic Games plans</a>

Limited new apartment supply is still the story of Brisbane, although prospective new apartment buyers were treated to a rare new project launch.

Local developer <a href="https://www.urban.com.au/developers/demartini-fletcher-property">DeMartini Fletcher</a>&nbsp;launched their&nbsp;<a href="https://www.urban.com.au/developments/stones-corner-qld-4120" target="">Stones Corner</a> development,&nbsp;<a href="https://www.urban.com.au/new-apartments/corner-house-stones-corner-18-stoneham-street-stones-corner">Corner House</a>, 88 one, two, and three-bedroom apartments starting from $765,000.&nbsp;

&nbsp;

[smartcode_project:default project_id=149098 project_image_fid=330588]

DeMartini Fletcher has collaborated with&nbsp;<a href="https://www.urban.com.au/architects/ellivo-architects">Ellivo Architects</a>&nbsp;on the design which aims to honour the heritage of the localicty while bringing in a contemporary twist.

Residents will have access to a rooftop retreat designed as a lifestyle-focused extension of their homes. The roof will feature a&nbsp;resort-style pool, spa, sauna, ice bath, gym, yoga lawn, residents’ herb garden, and barbecue facilities, all with sweeping views of Brisbane’s skyline.

[smartcode_project:default project_id=149098 project_image_fid=330608]

Corner House will integrate sustainability principles, with a focus on climate-responsive design and urban greenery.

&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/demartini-fletcher-launches-corner-house-apartments-in-stones-corner">DeMartini Fletcher launches Corner House apartments in Stones Corner</a>

While a lot of new apartment developments are going through the development application process or locking in build contracts before becoming available for buyers, developers are continually padding out their pipelines.

<a href="https://www.urban.com.au/developers/silverstone-group" target="">Silverstone Developments</a> sees more value in apartments than offices, so they've changed their plans for their prime riverfront Coronation Drive site in Milton. They now want to develop a 30-level building with 192 apartments.

<img alt="First look: Silverstone Developments to turn office to apartments on Milton riverfront site" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-03-03%20at%202.29.53%E2%80%AFPM.png?VersionId=8nPCP662AeBDd37vsZH_na4avFEqCn4T" />

Targeting owner-occupiers, the development will offer two and three-bedroom residences with rooftop amenities, including a lap pool and gym.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-silverstone-developments-to-turn-office-to-apartments-on-milton-riverfront-site">First look: Silverstone Developments to turn office to apartments on Milton riverfront site</a>

&nbsp;

Joel Robinson

City Beat March 2025: Olympics announcement to drive further growth in Brisbane property market

Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="https://www.urban.com.au/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="https://www.urban.com.au/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

First look: Silverstone Developments to turn office to apartments on Milton riverfront site

Local Brisbane developer Silverstone Developments has filed plans for a shoptop apartment development in <a href="/new-apartments/ascot-qld-4007">Ascot</a>.

The plans for The Windermere, designed by PDT Architects at&nbsp;<a href="/new-apartments/the-windermere-ascot-77-racecourse-road-ascot">77 Racecourse Road</a>, a few streets back from Kingsford Smith Drive and Bretts Wharf Ferry Terminal, are for 30 apartments above seven retail tenancies.

The building will be crowned with a rooftop lawn, infinity edge swimming pool and spa, communal function room, a gym with a sauna, and a number of seating areas and barbecue spaces.

<img alt="Racecourse" data-entity-type="file" data-entity-uuid="ad404215-8cc6-4718-8e6d-640172b64aa3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.40%20am.png?VersionId=H2Akhmysscw5HUSbkKTeFSaHCmvyXVRx" />

PDT Architects said in their proposal that the aim of the design was to reflect the traditional and green nature of the suburb, which has been retained due to the nearby Eagle Farm Racecourse.

"[The] Eagle Farm Racecourse in 1863 drove a lot of further development and attention in the area over time, leading to increased stables within the suburb and thus larger properties remaining in the area over time. This provided the foundations for a traditional and green nature in the suburb.

"The development strives to pay homage to this character through a raw material palette with extensive landscaping to act as a ‘feature’ piece."

<img alt="77 Eagle Farm" data-entity-type="file" data-entity-uuid="3c24bf68-1342-49c0-92e6-def6c881f076" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.04%20am.png?VersionId=mMYOYV0Q6Q3hOyIOeRbvlw3dNKJk6JRq" />

They said while the proposal drives to activate further Racecourse Road by harnessing pedestrian human scale at entries, heavily landscaped building mass with simplistic but intentional materiality.

"The rigid form promotes the eye to focus on the draping greenery and regular pattern forms through detailed balustrade treatments. The colour scheme aims to embrace natural colours whilst contrasting bold black trim and dark treatments to the light wells &amp; plant screening.

"The architectural approach is holistic, to provide a mass that utilises simple raw materials that allows prominent and extensive landscaping to become the feature of the site, this pays respect to the green and traditional character of Ascot whilst providing a striking and modern design presence to the street. It provides new high quality spaces for retail users and a striking destination to call home for residential users that situates itself well into the street and suburbs identity."

<img alt="77 Racecourse" data-entity-type="file" data-entity-uuid="39fff363-db7e-4086-a36c-469aa3929921" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-03%20at%209.44.14%20am.png?VersionId=.R9Rms2x6aKq5LP9EPu3Gvo.TTLZFdFP" />

PDT added that while the 3,162 sqm site is in close proximity to the city it still maintains a strong suburban and homely character.

Silverstone is seeking to target the owner-occupier with the large apartments. There are just three two-bedroom units and 27 three-bedroom apartments. Each apartment features its own balcony, with an average balcony size just under 40 sqm.

Urban Strategies noted in their Town Planning Report that the proposal is considered to be in line with the zoning of the site and the relevant outcomes sought under the Racecourse Precinct Neighbourhood Plan.

"The proposed development is anticipated to provide uses which will service the immediate local catchment and activate the street," the report read.

"The proposal is of a high quality design and revitalises an underutilised site. The proposal is designed to remain of a human scale and to reinforce the precinct’s identity and sense of place."

&nbsp;

The Racecourse Road site currently comprises a commercial building with a grocery and convenience store, pharmacist, and liquor store, while the eastern part of the site is currently an open air car park.

It's a return to residential for Silverstone, who also work in the commercial space. They have recently completed the Spring Hill Day Hospital among a number of other commercial projects. They were prominent in the residential development space back in 2015 and 2016, completing a number of projects in Kangaroo Point, Bulimba and Milton.

&nbsp;

Silverstone file shoptop apartment plans for The Windermere Ascot

Silverstone Developments

Silverstone Developments

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