Brisbane has officially emerged as Australia’s second-most expensive capital city, according to  recent CoreLogic data. Fortis, one of Australia’s foremost development managers, is contributing  to the city’s appeal and driving growth in the luxury market with its prestigious River House  development, having sold four full-floor residences over the past few months.  

With early construction works underway in Kangaroo Point, Fortis’ River House exemplifies  Brisbane's high-end living offerings, combining a prime absolute riverfront location, exceptional  design and premium amenities. The development's appeal was demonstrated by the recent sale  of a higher floor residence for an impressive $8.2 million, alongside three additional sales on lower  floors. These contracts underscore the growing demand for top-tier residences in Brisbane, driven  primarily by local buyers who prioritise quality, exclusivity and superior amenities. 

"Brisbane's luxury real estate market is undergoing a significant transformation,” said Simon Caulfield, Director and Lead Agent from Place Kangaroo Point. “

Where interstate buyers were  prevalent, local buyers are now equally willing to pay the premium rates commanded for luxury  full-floor residences. Driven by confidence in the city’s strong growth, downsizers in particular, are  seeking luxury living options that offer unparalleled lifestyle benefits. The success of River House  highlights Brisbane's appeal as a destination for premium real estate."  

"Fortis is proud to be at the forefront of delivering a new standard of luxurious living in Brisbane,”  said Dan Boman, Associate Director, Fortis. “The sales at River House clearly demonstrate the  strong appetite for our offering with each transaction a testament to the current high demand and  the exceptional quality Fortis is known for delivering.

Our commitment to excellence in design,  location, and amenities sets a new benchmark for luxury living in Brisbane. We are thrilled to see  such a positive response from local buyers, and we are thankful for the trust they have put in us  and our product." 

The booming demand for luxury properties in Brisbane reflects broader trends in the Australian housing market, where buyers are increasingly attracted to cities offering a blend of urban  sophistication and a laidback lifestyle. With its riverfront location and bespoke architecture by Plus  Architecture and interiors by Mim Design, River House stands as a testament to the city's evolving  luxury real estate landscape. 

A sought-after inner-city suburb, Kangaroo Point is located 800 metres east of the Brisbane CBD  and is renowned for its iconic Story Bridge and Kangaroo Point Cliffs, adjoining parklands, and  riverside access. The site itself is conveniently located 1km from the upcoming $190 million Green Bridge under construction by Brisbane City Council, directly linking Kangaroo Point to the CBD.