The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
45
print
Print
ResidentialDinah Lewis BoucherTue 05 Feb 19

Are One-bedders Holding Brisbane's Apartment Market Back?

6ba5d8fb-0df1-48f6-a625-12e442d69566

Buyer demand favours apartments with more bedrooms, as a new report warns buyers and developers alike to stay away from one-bedroom apartment stock.

Brisbane’s apartment market has been quite the talking point since 2015, with high levels of apartment development concentrated in Brisbane’s inner-city causing temporary oversupply in the market.

The Queensland capital city market is tipped to outperform Sydney and Melbourne this year. During 2018 house values in Brisbane saw a modest 0.4 per cent rise, while apartment prices dropped by 0.7 per cent.

In its analysis of Brisbane’s development pipeline, PRD Nationwide says there is a current estimated shortfall of up to 15,500 apartments come the end of 2023.

“A potential undersupply of apartments exists in the medium-term within Inner Brisbane,” the report said, measuring suburbs within three kilometres radially from the CBD.

The report also found Brisbane has an oversupply of one-bedroom apartments, along with a growing consumer appetite for three-and four-bedroom apartments, which are currently undersupplied.

“At the same time, demand for two-bedroom apartments is quite well met, though developers appear to be shifting away from these to favour one-bedroom apartments,” the report said.

Analysis of demographic found the typical inner Brisbane resident is more likely to be single, without children, aged 20-39, have lower income, are more highly-educated, and are renting — compared to those living further from the CBD.

“This information is expected to further equip both developers and landlords to develop and acquire appropriate apartment configurations and volumes to best meet the changing demand for apartments in inner Brisbane,” the report said.

Related: These Are The Top 10 Most In Demand Suburbs In Australia

ResidentialAustraliaBrisbaneReal EstateSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
Waterloo Affordable Mirvac hero
Exclusive

Affordable Housing Rules Tighten as Proposal Deluge Continues

Clare Burnett
5 Min
Exclusive

Beyond the Aerotropolis: How Airports are Turning into Cities

Taryn Paris
6 Min
View All >
Sponsored

Bondor Metecno’s MetSeam Elevates Facade Design Style

Partner Content
SHMH Penrith hero
Residential

First Stage Filed for $1.1bn Penrith Masterplan

Clare Burnett
Planning

State Goes Public with Plans for 10,000 Victorian Homes

Lindsay Saunders
The state has okayed the 300-home Greenvale North scheme as projects at Ballarat and Warrnambool open for comment...
LATEST
Architecture

Bondor Metecno’s MetSeam Elevates Facade Design Style

Partner Content
5 Min
SHMH Penrith hero
Residential

First Stage Filed for $1.1bn Penrith Masterplan

Clare Burnett
3 Min
Planning

State Goes Public with Plans for 10,000 Victorian Homes

Lindsay Saunders
2 Min
Life Sciences

NSW Healthcare Asset Portfolio Comes to Market

Lindsay Saunders
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/where-to-from-here-for-brisbanes-apartment-market-