Brisbane apartments still a hot prospect, says Raine & Horne

Media release - 30th November, 2015

Apartments in inner-city Brisbane continue to attract significant investor and local buyer interest as the south-east Queensland property market goes from strength to strength, according to leading property experts, Raine & Horne.

The latest available data from realestate.com.au shows the median apartment price in the Brisbane LGA sits at $495,000, as consistent steady growth continues throughout the southeast corner of the state.

“It’s long been talked about that the stream of apartments coming into the Brisbane market would result in a situation of oversupply, but from what we’re seeing, this isn’t the case,” said Steve Worrad, General Manager, Raine & Horne Queensland.

“In fact, the smart money from both local buyers and interstate investors is snapping up quality apartments within a few kilometres of the Brisbane CBD.”

The Real Estate Institute of Queensland (REIQ) reports that Brisbane has a current apartment rental vacancy rate of around 3.3 per cent, citing continuing strong interest from investors and owner-occupiers for new apartments.

This makes high-quality apartments, such as 8125/191 Constance Street, Bowen Hills, an appealing option, according to selling agent Robyn Thomas, from Raine & Horne Ascot.

“Savvy buyers know quality when they see it, and that’s why the best properties are continuing to attract strong interest,” said Ms Thomas.

8125/191 Constance Street is located in the architecturally-designed, multi-award winning complex, The Tower on the Green.

“This brand-new apartment is in a great complex where the layouts have been carefully arranged to make the most of space, daylight, ventilation and views, so I’m expecting buyers to take note of this,” said Ms Thomas.

“The intelligent design includes energy saving lighting, floor-to-ceiling acoustic glazing, ceiling fans and air-conditioning for complete comfort control in the warmer Queensland climate.”

Ms Thomas says the apartment will be ready for occupation in January 2016, so is perfect for a buyer or investor looking for a fresh start to the new year.

“What’s more, first home buyers can apply the Queensland Government’s $15,000 Great Start Grant towards the purchase price,” she added.

To find out more about the sale of 8125/191 Constance Street, Bowen Hills, contact Raine & Horne Ascot today on 07 3088 8250.

–ENDS–

For further media information contact:

Robyn Thomas, Sales Agent, Raine & Horne Ascot on 0419 248 562