Brisbane apartment sales volume record

Brisbane apartment sales volume record
Brisbane apartment sales volume record

Brisbane’s inner city apartment precinct saw 5336 residential new and off the plan sales worth about $3.19 billion in 2015.

It was a 30 percent up on 2014 - and four times 2010, according to Place Projects’ 2015 analysis of the CBD apartment market.

The report found there were 18 new projects in the inner Brisbane precinct in 2010 compared with 26 last year.

There was only a 4 percent growth in average weighted sales price to $595,000.

Place Advisory director Lachlan Walker said one factor driving prices has been a recent shift from one-bedroom to two-bedroom apartments, which accounted for 56 percent of the market, compared with 39 percent in 2010.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Brisbane Apartment Market

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