South Brisbane, Fortitude Valley, Woolloongabba, Newstead, the CBD, West End and Toowong are each going to have a substantial number of investor units delivered in the coming years.
It is no secret that the majority of Brisbane’s future apartment stock is currently being designed with the investor in mind. This is due to a number of factors including increased interest from both Chinese and interstate buyers.
Place Advisory has undertaken an analysis of the pipeline of Inner Brisbane apartments to determine which areas will, in the years to come, become havens for renters or owner-occupiers. Overall, it is estimated that 73% of all new apartments currently on the market or under construction are being targeted toward the investor market, whilst 27% are more so for owner occupation.
Looking at the proposed future pipeline of apartments for Brisbane, the proportion of owner-occupier apartments is set to increase to a figure closer to 30%, with investor stock accounting for the remainder.
South Brisbane, Fortitude Valley, Woolloongabba, Newstead, the CBD, West End and Toowong are each going to have a substantial number of investor units delivered in the coming years.
Overall, each of these suburbs is going to experience a considerable amount of development in general and the delivery of these investor units will be accompanied by owner-occupied units as these suburbs are transformed into true high-density Inner Brisbane hubs. In terms of apartment stock geared towards the owner-occupier, Bulimba is the only suburb in Brisbane that is set to have more than 50% of future stock designed for this market segment.
As the Brisbane market evolves, Place Advisory expects a higher percentage of apartments delivered to the market to be targeted towards the owner-occupier across all regions.
Many new renters will be moving to suburbs such as Newstead, Fortitude Valley, Bowen Hills, South Brisbane, Woolloongabba and Coorparoo – all of which will see many buildings constructed with apartments predominantly owned by property investors.
Predominantly owner-occupied buildings will not be as common – approximately 11% of buildings according to Place Advisory’s research.
It is clear that there are pockets of Brisbane that are set to become sanctuaries for those that want to live in a larger, luxury apartment. In particular, the northern edge of the Bulimba Peninsula, New Farm, Kangaroo Point, the CBD and West End are set to become home to this type of building.