And the market is aiming to meet the demand with 10,000 units earmarked for inner city Brisbane this year, reports realestate.com.au.
It’s not just first timers and value hunters seeking smaller price tags. Families and households earning more than $200,000 are lining up for sky high living.
We’ve even seen some reports of well-heeled families buying two apartments in the same development to create a mega dwelling.
In Brisbane’s CBD the low vacancy rate and low supply of apartments for sale are seeing high density dwellings hold their value, while rents continue to increase.
Hotspotting guru Terry Ryder says well located units will be popular in 2023.
“The inner-city unit precincts are defying the general decline seen in Brisbane since the start of 2022. With borders open and overseas migrants and students returning, demand from renters and buyers of units has risen – and vacancies have dropped markedly,” he told the Property Tribune.
But if inner city living isn’t your cup of bubbles then you can also enjoy a low maintenance apartment lifestyle in a satellite hub. Chermside is a great example. The massive Westfield is like a city centre all under one roof. Apartments here offer great value and amenity for those looking for convenience and a touch of style with the familiarity of suburban living.
Looking for apartment living? View our current listings for sale or check our listings for rent.