If it proceeds, it would add another 783 units to a market that has attracted fears of an oversupply for some time.
Plain speaking Hotspotting founder Terry Ryder has been saying for a while now that investors’ money is better in the bank than invested in a Brisbane inner city apartment.
But it could be some time between lodgement of a development application and the appearance of a new mega skyscraper on the horizon.
Once built, Brisbane’s tallest towers will still pale in comparison to the Gold Coast’s Q1, which is Australia’s tallest skyscraper at 322 metres. Melbourne’s Eureka Tower comes in second at 297 metres.
But they’re nothing compared to Dubai’s Burj Khalifa which at 828 metres – that’s 160 storeys – is hands down the tallest tower in the world.