City Beat April 2025: Brisbane unit market continues growth cycle
Brisbane's ever-consistent unit market continues to live up to its reputation.
Unit values grew by 0.5 per cent in April, according to the Home Value Index by Cotality (formerly CoreLogic), making it the best-performing capital city unit market behind only Perth (0.6 per cent).
The April gains follow 0.7 per cent growth in both February and March.
The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.
Increased demand from interstate migration and a lack of new supply have combined to drive up unit values in Brisbane in recent years. And with the 2032 Brisbane Olympics still seven years away, there’s still plenty of growth potential in the Queensland capital.
What happened in Brisbane’s off the plan apartment market in April?
The majority of activity in Brisbane's off the plan apartment market in April came from three of the state's most prominent developers.
Sekisui House Australia released the final building in West Village, their $1.2 billion, multi-award winning West End masterplan they have been developing since 2016.
The final building, Callista on Park, will home 96 apartments across a 14-level building designed by RotheLowman.
The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.
A standout feature is the rooftop retreat, complete with a pool, spa, BBQs, chef’s kitchen, and residents’ lounge, all set within lush landscaped gardens.
Read more: First look inside West Village’s crowning glory, Callista on Park
Gardner Vaughan Group, one of the biggest contributors to housing supply across South East Queensland, broke ground at its new Nundah development, Danby Lane.
The mixed-use development will deliver 84 apartments above a vibrant retail and commercial ground floor. GVG, who has been based in Nundah for the past decade, will relocate their HQ to one of the commercial spaces in the development.
The 12-level building will feature resort-style amenities like a pool, rooftop terrace, gym, and function room with sweeping city views.
GVG Commercial Director, Sam Gardner, said Danby Lane represents GVG's commitment to delivering places with purposes, designed for real people living real lives right here in Nundah.
"As a long-standing, family-owned builder and developer based in Nundah, we are committed to keeping our neighbours and surrounding residents informed of every step relating to the build of Danby Lane. Transparency and open communication are key to delivering a project that respects and enhances the community we’re proud to be part of.”
GVG expects to complete Danby Lane in 2027.
Read more: Gardner Vaughan kicks off construction at Danby Lane, Nundah
April also saw Shayher Group, the developer behind the multi-stage redevelopment of the Bulimba Barracks site, file news plans in Indooroopilly.
They've sought to develop two low-rise buildings, Parkview and Riverview, at 34 Jacaranda Place, next door to their completed Long Pocket townhouse development.
The two buildings will home a combined 76 two and three-bedroom apartments. Each building will have rooftop amenities, with Riverview offering an infinity pool, and Parkview featuring a yoga lawn and lounge area.
The site has already received general support from Brisbane City Council, with only minor design refinements suggested to reduce building bulk.
