Brisbane’s inner-city apartment market is having its best time in almost a decade.

Recent reports show that apartment sales in the March quarter in Brisbane were the highest since September 2004, boosted by the release of six new projects.

Brisbane’s inner-city apartment market is having its best time in almost a decade.

Recent reports show that apartment sales in the March quarter in Brisbane were the highest since September 2004, boosted by the release of six new projects.

The reports highlight the following matters:

  • More buyers are choosing apartments.
  • Small units are popular.
  • A market recovery is well under way in Brisbane.
  • Sales volumes rise first, and prices follow later.
  • Brisbane has a much healthier unit market than other capital cities.

The results show a growing preference among buyers for apartments over houses. The market share of apartments nationwide has risen from 30% of new dwellings four years ago to almost 40% this year.

The most active price range is the $350,000 to $450,000 sector, representing 37% of all deals.

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