Brisbane CBD Real Estate Agent’s Summer Market Update
Rising ‘tide’ lifts all apartment prices
The graphs show a solid rise in turnover of Brisbane CBD apartments with 21% more sold in 2021 than the previous year. The busier apartment market has one important difference from the peak of 2015: our recent surge in activity is all about buyer demand and not the increased supply from new projects we saw back then.
While the median price is lower this is due to a marked increase in turnover of 1 bed apartments. We’re aware of one recent sale where the apartment had been on the market for over 4 years. With a rising market this owner got their price – eventually! Current buyer demand is very high for all apartment sizes and price points.
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