High-Rise Boom in Units in the Inner City Suburbs

May 15, 2018 By

Brisbane’s inner city suburbs are getting even more crowded due to a high-rise boom, increased migration & an increased preference for inner-city living & the lifestyle that comes with it.

There are signs that inner city unit market is making a comeback after a few slow years.

The latest home value data released shows Unit values outperformed houses in Brisbane last month as cashed up baby Boomers swap the suburbs for city life. The Unit sales are in demand within the 5 kilometre radius of the Brisbane CBD.

Figures from the Australian Bureau of Statistics also revealed the 10 most densely populated suburbs in Greater Brisbane were all within the 5 klm radius of the inner city Brisbane CBD.

Kangaroo Point just 2 kms from Brisbane’s CBD is a very popular choice for Unit buyers and is the city’s most packed suburb.

On the other side of the Story Bridge, New Farm is the second most congested suburb in Brisbane’s inner city.

Neighbouring Fortitude Valley was Brisbane’s City’s third most packed suburb.

It experienced the biggest jump in population density between 2012 and 2016. In the past decade, it has become home to more than 2000 people per square kilometre with many new high-rise Unit developments built in the Fortitude Valley precinct.

West End has experienced the biggest increase in population density over the past decade with new Unit complexes popping up everywhere. Said by the qualified property management team at West End Property Management.

Other inner Brisbane suburbs where unit living is popular include Bowen Hills, Kelvin Grove, Ashgrove, South Brisbane, Toowong, Windsor and Lutwyche.

First Home Buyers and Professionals love the Brisbane Inner City Lifestyle, amenities and love the convenience of being able to walk to most places.