Post a Comment On: Brisbane Apartment

There is likely to be a shortage of apartments in Brisbane in the near future. (This statement assumes that that is not massive unemployment in Brisbane.) There are few developments under construction, and so very little new stock will come onto the market in the next three years. What new stock remains unsold is either overpriced or poor quality.Downtown Apartments
M on Mary - completed - mostly poor quality 1 bedroom apartments, mostly unsold. Developer has ceased sales campaign and is running this building as short term accommodationEvolution - completed - about 20 apartments unsold - small and overpricedSkyline - completed - about 20 apartments unsold - building surrounded by other buildings, and generally overpricedAurora - completed
Empire Square - cancelledTrilogy Tower - status uncertain - in presales, with planned completion in 2012 - both hotel rooms and expensive apartmentsVision - status uncertain - in presales, with completion not before 2012
Soleil Tower - soon to start presales - 403 apartments, with completion about 2011French Quarter - early days, no planning approval
Inner City
Flow (West End) - completed - about 5 remain unsold, will negotiate on price to sell
Koko (West End) - completed - about 5 remain unsold, will negotiate on price to sellTempo (West End) - completed - about 5 remain unsold, will negotiate on price to sellIceWorks (Paddington) - almost complete - about 6 apartments remain unsold
SL8 (West End) - under construction, with completion expected in April 2009, poor locationWaters Edge (West End) - off-the-plan selling, overpriced and selling poorly, completion in 2010Ciana (Indooroopilly) - almost complete - about 25 out of 130 apartments remain unsold - good value
Tennyson Reach - 2 buildings nearing completion, 1 building not far behind, 3 more buildings plannedNewstead Waterfront - 2 buildings selling well off-the-planThe Mill at Albion - almost sold out, relatively expensiveEl Dorado Village - to be launched to the marketing in October 2008, completion likely in 2011Milton Union - received planning approval