BRISBANE UNIT LIVING GROWING IN POPULARITY

Queensland’s love affair with real estate is swinging towards a growing affinity for Unit living with
new figures showing the number of new projects has more than doubled in the past 3 years.

This can be seen with the number of cranes in the skies of Brisbane inner city. Unit living in Brisbane is proving an affordable option. There is definitely a lot more people interested in buying Units straight off the plan as they are starting to realise the benefits of inner city living.

It’s great news for people looking for a new unit as now more than ever, there’s so much choice in finding the perfect home (unit) to suit their lifestyle needs. The current market shows that Units with 2 to 3 bedrooms are what most people are after. Brisbane was considered more affordable than the Southern states with a quarter of those viewing new units in Brisbane coming from interstate.

The affordability factor in Brisbane is definitely a major driver compared to prices in Sydney & Melbourne. People are increasingly looking to move from established Units to newer high rise developments in inner city Brisbane due to the amenities & lifestyle facilities available. This is helping to drive the demand for new Unit projects.

Newstead is one suburb that has had a major facelift. The overnight success of Newstead has been more than 15 years in the making. Newstead has been likened to Manhattan as they both have a skyline of Towers & surrounding convenience.

Noel Milne from BPI Brisbane Central Building & Pest Inspections has also seen an increase in inspections in the Newstead area with all the new Units under construction.