City Beat August 2025: Brisbane unit values surge again in August, as two new apartment developments launch to market

Not only is growth in Brisbane’s unit market lasting longer, it’s also getting stronger.

In August, unit values climbed a further 1.3 per cent, one of the strongest monthly results the Queensland capital has recorded in 2025, pushing the median unit value beyond $740,000, according to Cotality’s latest Home Value Index.

Over the rolling quarter, unit values surged 3.9 per cent, and are now 11.1 per cent higher year-to-date, making Brisbane the strongest-performing capital city unit market in the country.

The city’s apartment sector is also comfortably outpacing detached housing in 2025. House values rose 1.2 per cent in August to reach a median of $1.04 million, but quarterly growth was softer at 2.9 per cent, with an annual gain of just 7.3 per cent.

This widening divergence highlights the relative affordability of apartments and the intensifying demand for medium-density housing amid constrained supply, a trend reshaping Brisbane’s property market.

What happened in Brisbane’s off the plan apartment market in August?

It was a busy month in Brisbane's off the plan property market, with new projects coming to the market, new projects and approved, and some hitting major construction milestones.

Gold Coast developer Sherpa Property Group revealed its debut Brisbane apartment development to the market, starting to take expressions of interest for Symphony in South Brisbane. 

The 138-apartment development, part of Sherpa’s affordability-focused Flourish brand, is located near Fish Lane and aims to deliver quality homes at more accessible price points. 

Symphony’s one-, two-, and three-bedroom apartments will start from $655,000, with eligible first-home buyers benefiting from Queensland’s new stamp duty exemptions. 

Over 1,400 sqm of communal amenity, including workspaces, rooftop pool, wellness centre, and private dining, will support a lifestyle-driven community. 

Read more: Sherpa opens pre-release for debut Brisbane apartment development, Symphony

Two new project launches in the same month is something Brisbane hasn’t seen in years. Joining Symphony at launch was BANKSII, a 72-apartment development rising opposite Raymond Park in East Brisbane

To be developed by joint venture partners Core Property Partners and Vector Property, BANKSII has been designed by MAS Architecture to reinterpret and integrate the flow of the native Banksia flower into the architecture.

The rooftop will include a suite of wellness amenities including a pool, sauna, gym, and alfresco spaces. 

With the Kangaroo Point Green Bridge, The Gabba, and Cross River Rail all within walking distance, BANKSII is poised to benefit from Olympic precinct investment in the lead-up to 2032.

Read more: BANKSII sales launch in booming East Brisbane apartment market

August saw major construction milestones achieved both in and out of the city.

Sekisui House celebrated the completion of the Uno building at West Village, unveiling its largest apartments, up to 347 sqm internally, as part of The Allere Collection. 

Positioned in one of Brisbane’s most mature masterplanned precincts, the new residences target the undersupplied upper end of the market, offering rooftop gardens, pools, and pet-friendly amenities like the Paw Pavilion. 

The Uno tower follows strong interest in its sold-out sister building Duo, due for completion in late 2025.

Read more: Sekisui House unveils Allere Uno's largest apartments as building completes

At Rochedale in Brisbane’s south, Metro Property Group also marked a key construction milestone at Citrine Townhomes, with stage one now in the defects phase and full completion of all building works. 

Stages one and two are fully sold out, while the recently launched stage three has just 10 four-bedroom homes remaining, priced from $1.125 million. 

Across the three stages, Citrine Townhomes will deliver 90 three and four-bedroom homes with landscaped resident amenities, including a pool and BBQ area. 

Settlements for stage one are expected to commence from October 2025.

Read more: First stage of townhouses at Citrine Rochedale reaches completion milestone

Builder-developer McNab is expected to launch its new West End project after receiving development approval from the Brisbane City Council in August.

The new development, The Tannery Residences, will see the historic Dixon's Tannery reimagined into a 10-level apartment building that will integrate the original 19th-century building into a resident wellness hub dubbed The Retreat, featuring a sauna, plunge pools, gym, Pilates studio, and co-working areas. 

The 81 residences, ranging from two to four bedrooms, will be complemented by expansive rooftop amenities, including a pool, dog-friendly zones, and outdoor dining. 

McNab plans to begin construction in Q3 2025, with completion expected by late 2027.

Read more: McNab secures approval to transform West End's Dixon’s Tannery into The Tannery Residences

One of the largest applications the local council has seen in years hit the new apartment pipeline in August.

Verso Development filed plans for TOOWONG Central, a $1 billion precinct across three towers delivering 1,100 apartments to Brisbane’s undersupplied inner-west. 

Designed by KHA, the scheme includes short-term accommodation and a civic plaza, and aims to reclaim Toowong’s identity with subtropical urbanism and integrated public realm outcomes.

Read more: $1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market