The inner-Brisbane multi unit dwelling and apartment market boom has taken off considerably over the last five years enjoying a high level of activity. Properties are usually a good value at purchase and continue to provide value as prices gradually increase over time. Due to the economic conditions and higher interest rates buyers were not as readily available but this did not impact the price of apartments as it held steady.
The result is plenty of choice if you're looking for Brisbane accommodation, especially if you are wishing to stay in the inner suburbs and city, and if you want to buy, the Brisbane real estate market is in your favour.
Sub regions are drawn from:
Brisbane CBD / Spring Hill
Living in the Brisbane CBD is a fairly new occurrence and is great for busy CBD workers who can walk to work, enjoy the bars of the city and not have maintain the upkeep of a private home. It’s quite a popular for young singles and couples to choose to live in these sky high apartments. Spring Hill is around a 1km walk from the centre of the CBD and is largely populated by couples without children and single person households. It’s a blend of old meets new with modern designer buildings and old historic buildings.
Kangaroo Point is not just a great place for rock climbers and picnics it's also a home to modern and luxurious apartment developments and a few houses dotted about - most with amazing views of the Brisbane River and City. It's very much a suburb for the young and hip due to its close proximity to the city, cafes, restaurants and bars.
Fortitude Valley / New Farm / Newstead
Fortitude Valley was once a seedy suburb and although recently modern development are popping up everywhere it still contains a certain amount of that vibe. It’s a suburb for those who are into live music, great bars, eclectic fashions and enjoying an alternative lifestyle. New Farm is also another suburb that has undergone urban renewal and is now popular with a smart crowd interested in living in classic Queenslanders and art deco apartments as well as fashionable apartments. There’s a host of new cafes, restaurants, bars and boutiques opening in the area to keep locals satisfied. Newstead is one of Brisbane’s oldest suburbs and is popular with a younger set due to its location to the city and fashionable food outlets.
Southbank / West End
Southbank is a new suburb that has only popped up over the last few years and is right next to the Cultural Centre of Brisbane, South Brisbane. The area is mostly dominated by high rise apartment complexes and is a great place if you want to eat out every night with restaurants and bars galore. West End is a culturally diverse suburb where the old suburb of migrants and artists blend with the new and hip. You’ll find your favourite green grocer next to your favourite designer boutique here.
Toowong / Auchenflower
Toowong is a popular suburb with students attending the University of Queensland. They reside in old Queenslanders and new apartment blocks. Located in the area are some of Brisbane’s most historic pubs as well as new restaurants and cafes popping up everywhere. Auchenflower is a small suburb located close to the city and is popular for its wide, leafy streets and stand alone houses.
Bulimba / Hawthorne
Bulimba is a green, leafy suburb with many revamped Queenslander homes located on the Brisbane River. It’s only 5km from the city but why leave when you have the brilliant cafes and shops along Oxford Street. Hawthorne is also a lovely riverside suburb with many homes enjoying river frontage. The area is popular with families as it has bike paths, ovals and nice parks.
Renting in Brisbane
The cost of buying or renting an apartment in Brisbane is highly dependant on the location of the residence and its distance from the city. Average rent for apartments ranges from $150 to $350 per week but many can reach up into the $1000's. Most rentals in Brisbane are private properties let through estate agents or direct by the owner. Leases are generally for 12 months. Most rental properties are unfurnished and are self contained. If you are moving to Brisbane, it is difficult to arrange a rental property before you arrive and you may need to arrange some temporary accommodation in order to have enough time to thoroughly search for what you want.
- Find a place to stay in Brisbane at our Brisbane accommodation section
- The Gold Coast is only 45 minutes away by car and there's plenty of Gold Coast accommodation