Brisbane's sales market, South Brisbane and South Bank

Prize result for South Bank luxury

In March we crowned South Bank’s Park Avenue building “South Brisbane’s tightest held“, with owners not selling for extended periods. But a recent auction reported in Saturday’s Courier Mail has seen the Apartment 36 penthouse sold for a building record of $4million (having previously sold in May 2000 for $2.85 million). Whilst enquiry from first home owners still dominates locally, this result is another shining example that despite tougher economic times, many still do prize prestige apartment living in South Brisbane.