Development Reports
Development • Applications • Approvals • Construction • Recent Completions
High Value Boutique Projects Overview
Apartments have undergone a significant transformation over the past three decades, evolving from compact one- or two-bedroom dwellings to spacious family-sized “homes in the sky”. The allure of these apartments in recent years has rivalled that of Brisbane’s most sought-after houses. Small boutique high-value apartment buildings are continuing to be developed to meet the demand of baby boomers seeking to downsize, professional couples and singles looking for a low-maintenance inner city residence, and investors seeking premium rental investments with strong future capital gain potential.
Brisbane Apartments Overview
The development outlook for new apartments is mixed. Owner-occupiers seeking to downsize are seeing opportunities emerging for large 3- and 4- bedroom apartments in boutique projects in premium locations while interest rate-sensitive younger buyers are hesitant to make a move to more affordable one- and two-bedroom apartments due to cost-of-living pressures and loan covenant conditions. Investor demand is increasing, but it is not sufficient to generate a significant increase in the number of large new project opportunities, despite the strong rental growth.
Large-scale new apartment developments face challenges due to required presales to promoted project funding at a time of construction cost uncertainty. Increased construction costs are primarily driven by labour and skill shortages, stringent construction timelines, and financing uncertainties.
Townhouses moving forward in Brisbane
Townhouses are emerging as one of Brisbane’s most practical housing solutions, blending the benefits of a traditional home with greater affordability and accessibility. With limited land for new subdivisions and a rapidly growing population, townhouses provide an attractive option for young buyers and families seeking space, lifestyle, and value in well-connected suburbs.
Mid Year Update
The State of the Suburbs Mid-Year Update tracks residential development activity across Brisbane from early 2025 to mid 2025, covering applications, approvals, and completions for units, housing lots, and townhouses. While short-term activity varies by suburb, the citywide overview offers valuable insight into progress toward meeting residential dwelling targets.