Brisbane’s Unit market has rebounded in the past quarter with almost $214 million worth of new and off-the-plan Units changing hands.
Sale prices have increased with the average sale price now 27 percent higher than 12 months ago.
There are also more owner occupiers buying Units in Brisbane.
Buyers recognise the advantages of low maintenance Units situated in the popular inner city Brisbane area and this is setting a trend for high rise living.
Inner city Unit living is no longer for those who could not afford a house.
Many inner city complexes have 5 star amenities, a great café culture and are close to restaurants, shops, schools and entertainment precincts.
Also long term capital gains on Unit properties are increasing at a similar rate to houses. This is particularly appealing to the first home buyers that are keen to get into the market.
It gives young people and retirees an opportunity for the lifestyle they want and the advantage of being able to live Inner city Brisbane.
There are many boutique Unit complexes finished in Inner City Brisbane already. These include Kelvin Grove, West End, Bowen Hills, South Brisbane, Hamilton, Brisbane CBD, Kangaroo Point & Fortitude Valley.