There’s no shying away from the fact that the Bri​sbane property market is the best performing market in the country.

New apartments are being snapped up, and enquiry is at an all-time high across Apartments.com.au throughout the state, with demand strong across every development, location, and price point.

The imbalance between limited supply and rising demand has seen prices climb significantly in recent years — pushing Brisbane up the capital city rankings for median dwelling value, now sitting just behind Sydney.

While every suburb is experiencing growth, some untapped pockets are showing even stronger potential. That’s according to Place Bulimba agent Ally Edmonds, who sees real opportunity in Bris​bane’s inner eastern suburbs, where supply is unlikely to increase dramatically.

“Brisb​ane is going through a prolonged growth cycle across almost every market,” Edmonds says.

“History shows that suburbs with low supply continue to see long-term capital growth, outperforming the rest of the market. That’s exactly what we’re seeing in these smaller suburbs within the East Brisb​ane growth corridor.”

Edmonds points to suburbs such as Bulimba, <a href="https://www.apartments.com.au/developments/cannon-hill-qld-4170">Cannon Hill</a>, and Murarrie, all of which sit close to the city but remain undersupplied.

Values are tracking strongly, according to property data analytics firm Cotality — and it’s the unit sector that’s doing the heavy lifting.

While Bulim​ba is the headline suburb of the east thanks to its riverfront positioning, prime location, and thriving retail and family-home market, the surrounding suburbs are benefitting from the spillover effect.

In the past three months, dwelling values in Bulim​ba have lifted 4.3 per cent, with growth of 1.7 per cent in Murarrie and one per cent in Can​​non Hill. At a unit level (apartments and townhouses), growth has been even stronger.

Mur​arrie leads the way, with unit values up 5.3 per cent, outpacing Bulim​ba (3.5 per cent) and C​a​n​non Hill (3.3 per cent). Mur​arrie also presents a value opportunity, with a median unit price of $863,000 — some $165,000 less than Buli​mba.

Edmonds is currently selling the third and final stage of <a href="https://www.apartments.com.au/new-apartments/park-hill-village-collection-murarrie-19-governor-terrace-murarrie-qld-4172">Park Hill Village Collection</a> in Murarrie, the only new apartment development on the market in the area.

[smartcode_project:default project_id=149885 project_image_fid=346788]

The release features 65 one, two, and three-bedroom apartments across two buildings, Horizon and Skyline, at 19 Governor Terrace in the Park Hill community.&nbsp;

Set high on the hill, the elevated position delivers expansive views back to the Bris​bane CBD, a feature that resonates strongly with downsizers.

Designed by Kris Kowalski of Kowalski Architects, the buildings embrace the principles of classic modernism while responding to Bris​bane’s subtropical climate.&nbsp;

[smartcode_project:default project_id=149885 project_image_fid=346851]

Apartments have been crafted with a focus on space, light, and liveability. Most include generous balconies, study nooks, or private courtyards, while kitchens are fitted with Smeg appliances, induction cooktops, and externally ducted rangehoods.

Residents will also enjoy rooftop lounges and terraces with kitchenettes and barbecues, as well as landscaped ground-level communal gardens. These outdoor spaces balance privacy with interaction, offering greenery and uninterrupted city outlooks.

[smartcode_project:default project_id=149885 project_image_fid=346848]

Positioned just minutes from the Gateway Motorway, residents can be at Brisb​ane Airport in 10 minutes or on the Gold Coast or Sunshine Coast within an hour.

Locally, Mu​rarrie is seeing an uplift in amenity, with the new Rivermaker precinct and the popular BrewDog brewery drawing crowds and strengthening the suburb’s lifestyle credentials.

Everyday amenity is also close at hand, with nearby Can​​n​on Hill Plaza and access to schools, transport, and green spaces such as Colmslie Beach Reserve along the Bris​bane River.

“There’s nothing like this in Murarrie or the surrounding areas. We don’t believe there will be another opportunity at this price point anytime soon,” Edmonds says.

The apartments are under construction by respected local firm Skyline Builders, with completion expected by mid-2026.

[smartcode_project_cta:default project_id=149885]

Joel Robinson

Low supply, high returns: Why downsizers and professionals are targeting Brisbane’s inner east

Leading South East Queensland developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has officially launched stage two of Amargo in Palm Beach, the first of its affordability-focussed Flourish brand of new developments.

Stage two, The Canopy Collection, introduces 28 luxury residences, including four penthouses, which will be released to market later this year. It will feature two- and three-bedroom apartments, each with upgraded finishes, with prices starting from $1,425,000. 50 per cent of the apartments have already sold prior to launch.

The release follows the strong momentum from stage one, which secured over $110 million in sales within just a few months.

Sherpa Property Group founder Christie Leet said that the level of buyer interest has established a strong foundation for the next chapter at Flourish.

“We’ve received overwhelming interest in stage one of <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a> and are excited to build on that momentum as we expand the Flourish brand,” Leet said.

“We anticipated strong demand for well-priced, high-quality homes in Palm Beach, but to have already sold 50 per cent of The Canopy Collection prior to launch is just incredible.”&nbsp;

Owner-occupiers have been the driving force behind the rapid sales of The Canopy Collection, accounting for 83 per cent of all purchases. &nbsp;

[smartcode_project:default project_id=146527 project_image_fid=5633]

The hallmark of Amargo will be the on-site ‘Community Sherpa’ dedicated to providing residents with assistance and activities to make day-to-day life easier by fostering a connected community.&nbsp;

“Community is a core focus for Sherpa,” said Mr Leet.&nbsp;

“Our ‘Community Sherpas' initiative is designed to foster meaningful connections among residents, helping them to build a supportive environment.”&nbsp;

“Research has suggested that the best way to support a younger generation is to surround them with emotional support and mentorship, and that is exactly what ‘Community Sherpa’ will do.”

Located at 6-12 Sixth Avenue, Flourish will rise 18 storeys, offering a mix of one-, two-, and three-bedroom apartments, with prices starting from $575,000.

“Flourish has been designed to appeal to a broad market with its diverse product mix, and it’s been great to see so many local and first-time buyers drawn to its accessible price point and iconic location.”

“We’ve deliberately moved away from catering to a single demographic because research shows tremendous health and well-being benefits that come from living in a mixed-generation community, especially where you can foster a culture of helping each other.”

“That’s what Flourish is about, creating a culture of support and connection where neighbours look out for one another.”&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=5632]

At the heart of Amargo is an expansive 800 sqm rooftop retreat, designed as a sanctuary where residents can unwind, socialise, and recharge. The elevated space includes a northeast-facing pool, complete with pool deck cabanas and day beds, offering a serene escape with panoramic ocean views.&nbsp;

The rooftop also features private outdoor barbecues and a pizza oven, an internal private dining space, and a state-of-the-art gym with yoga zones and steam rooms. Residents will have access to hot and cold magnesium pools, designed to enhance well-being and promote a balanced lifestyle.

[smartcode_project:default project_id=146527 project_image_fid=306037]

“Given the site’s position, we wanted to create a rooftop that genuinely enhances everyday living. Where buyers can enjoy the spectacular views no matter where they live in the building,” Leet added.&nbsp;

“Every element has been designed to foster a sense of community and relaxation, providing residents with a unique space to connect, unwind, and enjoy.”&nbsp;

Following council approval, construction is well underway by LPS Group, offering buyers a rare opportunity to live in a prime location with luxury amenities at a competitive price.&nbsp;

Due to the success of Amargo, Sherpa will be bringing another Flourish project to Sixth Ave by the end of the year, with prices starting from $1.5 million.&nbsp;

Sherpa launches next stage of Amargo, Palm Beach

National developer Time &amp; Place has submitted a State Significant Development Application to the NSW Government to get its Potts Point redevelopment of The Chimes building on Macleay Street approved and underway.

Last year they had submitted the plans for the SJB-designed building through the City of Sydney Council. They are planning a brand new 12-level building with 34 apartments, reduced from the 45 previously put forward.

SJB noted in its Design Report they "investigated in detail the distinctive character of the site and local context."

"The proposed design responds carefully to the natural and built features of the site, social, economic and environmental conditions, and the layered history of Potts Point. The proposal has been designed to fit with and enhance the overall quality of the historical high-density community of Potts Point."

<img alt="Potts Point" data-entity-type="file" data-entity-uuid="d61abdc1-6ef5-486c-a9dc-17390fb30229" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-14%20at%209.08.06%E2%80%AFAM.png?VersionId=Rgk5PLkUJhzqbbc2fOjOUV7SQclDLNMb" />

SJB added that the proposed design provides&nbsp;multi-bedroom units to cater to the demand for quality housing in the high density area of Potts Point. The majority of apartments have three bedrooms.

"This replaces the low density of existing apartments on site, which consists predominantly of studio apartments without balconies."

Time &amp; Place have spent a reported $85 million buying all of the 80 studio apartments and car parks in the nine-level building that dates back to the mid-20th century when it was designed by Hugo Stossel, a modestly well-known post-War émigré architect who designed a number of similar residential apartment buildings in Sydney’s inner eastern suburbs.

<img alt="Time &amp; Place" data-entity-type="file" data-entity-uuid="78d20476-f6b2-4efb-8a83-12d7f38c647f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-14%20at%209.08.14%E2%80%AFAM.png?VersionId=ZQU4HH21p9rVcoSvw20kKpM8OsqCiJz2" />

Time &amp; Place made their intentions clear when they started buying apartments in the block a few years ago.

“Over the last 24 months, Time &amp; Place has worked collaboratively with owners at The Chimes, Potts Point, as well as representatives from the City of Sydney to ensure fair and considered outcomes were achieved for all involved," Time &amp; Place Director Evan Papadopoulos told Apartments.com.au late last year.

“A priority for our team has been to ensure that communications with all stakeholders have been consistent, thoughtful and clear from the outset. We will approach this next step in the same spirit of transparency and open-mindedness we have adopted over the course of this acquisition."

“We look forward to continuing to engage with the wider community to achieve positive outcomes for this iconic Potts Point site.”

The recent plans suggest it will cost around $100 million to construct the new building, that will feature ground-floor retail fronting Macleay Street and resident amenity in the form of two lap pools, and an outdoor gym on the third level, as well as additional communal space.

The affordable housing component, which has triggered a 30 per cent uplift in height of the building, will be operated by Bridge Housing Limited, who will assume&nbsp;management of the affordable housing dwellings within the project for a minimum of 15 years.

First look: Time & Place's take The Chimes, Potts Point redevelopment to NSW Gov

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a> has opened the doors to a new display apartment in De Burgh, the final residential release within its Northbourne Village precinct in Lyneham.

The fast-tracked ground floor apartment, featuring two bedrooms and a large courtyard, gives prospective buyers a rare opportunity to inspect a near-finished product ahead of completion, due in late spring 2025.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=350986]

The opening comes as JWLand introduces a limited-time initiative allowing buyers to secure an apartment with a $5,000 deposit, with the remainder payable at settlement.

Traditionally, off the plan purchases require a five to 10 per cent deposit. JWLand’s $5,000 exchange offer is intended to lower the upfront financial barrier for buyers while enabling them to preserve funds for other commitments during the build phase.

&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=350986]

<a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> comprises two buildings that rise to nine storeys and step down to six toward De Burgh Street. The project features a wide variety of apartment configurations, from compact studios to expansive three-bedroom layouts, including loft-style residences.&nbsp;

JWLand’s design approach has prioritised natural light, privacy, and outdoor living, with ground-floor apartments offering private courtyards and upper-level homes benefiting from larger balconies or terraces.

[smartcode_project:default project_id=139989 project_image_fid=212889]

The display apartment, now open for viewing, reflects the broader interior specification across De Burgh. Kitchens are fitted with Fisher &amp; Paykel appliances, including induction cooktops, ovens, and dishwashers.&nbsp;

Ducted reverse-cycle air conditioning, with condensers positioned away from balconies, comes standard. Residents can also manage air-conditioning and lighting remotely via a smartphone app.

Double-glazed windows and sliding doors contribute to energy efficiency and comfort throughout the year, aligning with JWLand’s focus on durability and liveability. A 12-month post-settlement warranty, part of the JWLand Promise, supports quality assurance.

&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=350984]

Residents will have access to a suite of shared amenities, including a rooftop garden with barbecue facilities, a fully equipped gym, a residents' lounge, and a parcel locker system.&nbsp;

A central landscaped courtyard will also provide green space within the development. Landscaping works have commenced, and internal fit-outs are nearing completion as construction progresses toward the scheduled late spring finish.

&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=267375]

Located just 600 metres from the nearest light rail stop and three kilometres from Canberra’s city centre, De Burgh is well connected to public transport and amenities. The <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands border the site, while a range of cafes, restaurants, shops, schools, and universities are within proximity.

Owner-occupiers may also benefit from stamp duty concessions on off the plan purchases up to $1.02 million, provided contracts are exchanged before the unit plan is registered. Buyers will have the potential to save up to approximately $38,000, depending on the purchase amount.

[smartcode_project_cta:default project_id=139989]

JWLand opens display apartment at De Burgh, Lyneham, offers $5k deposits

Rob Steer's&nbsp;<a href="https://www.apartments.com.au/developers/steer-developments">Steer Developments</a> is doubling-down on Palm Beach, expanding its footprint with a new tower near the sand.

Steer has joined the ranks of developers taking up what is becoming precious land on Jefferson Lane, one row back from the beach.

He is seeking to develop Jardin, a nine-level, code-assessable building with 40 two- and three-bedroom apartments at 234-236 Jefferson Lane. Steer worked with the landowners to put together three sites totalling 1,242 sqm.

Steer had Plus Studio design the building, which "unfolds" among curated gardens, the Design Report submitted to the Gold Coast Council noted.

It said the building is&nbsp;“inspired by the essence of the Mediterranean, framed by sunlight, shaded by greenery, and elevated by form”.

A central architectural spine is accentuated by vertical planting, while stepped terraces to the west cascade toward the highway with integrated greenery.

<img alt="Jardin Palm Beach" data-entity-type="file" data-entity-uuid="b8a7b037-2c7b-4e68-bc8f-9b24d9cef99d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jardin%20Palm%20Beachh.png?VersionId=Eia97cxNAYVxLUHziQxLq_uDCUE0aMfp" />

The proposal includes eight levels of apartments above a ground floor and two basement levels. There will be 24 two-bedroom and 16 three-bedroom apartments on offer.

The resident amenity is located on the ground level and will feature a swimming pool, gym, sauna, and barbecue deck.

Steer is currently delivering&nbsp;<a href="https://www.apartments.com.au/new-apartments/c-te-palm-beach-3-thirteenth-avenue-palm-beach">Côte</a>, just 17 apartments nearby on Thirteenth Avenue. After GCB, the builder of the project, collapsed, Steer brought development in-house, establishing SunBuilt.

Steer is the latest to join the ranks of Jefferson Lane. Recently Josh Foote's Ignite Projects launched Retreat Palm Beach, and Tim Gordon's Gordon Corp, in another joint venture with the Mathieson family, launched Elle on Jefferson.

First look: Steer joins Jefferson Lane, Palm Beach apartment boom with Jardin plans

Belconnen Markets

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The ACT Government has granted Elanor Investors Group approval for the first stage of a $100 million revitalisation of Canberra’s Belconnen Markets precinct.

The three-hectare site is located only nine kilometres from Parliament House and in close proximity to high-density residential development with complementary retail amenities.

Stage One of the project is expected to be completed in late 2019 and comprises 3,750 sqm of strip retail, ideally suited to retailers between 200 sqm and 1,000 sqm in size.

Situated directly opposite Bunnings Warehouse, Stage One will be built on vacant land providing exposure to 30,000 vehicles daily travelling along Belconnen Way, with signalised access at the Lathlain Street intersection.

With Stage One approved, Elanor has now lodged its Stage Two development application which will seek to replace the current Belconnen Markets with a new 5,500 sqm market hall supported by under-cover parking for 146 cars.

The market hall design will feature a high roof structure based on passive sustainable design principles, allowing for significant natural light and ventilation and .

Stage Two represents a 30% increase in the market hall’s footprint, allowing for the introduction of new specialty food retailers and food catering outlets to complement Belconnen Markets’ existing fresh food offering. Stage Two is scheduled to open in late 2020.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/ste18-003_ext_building_perspective_02.jpg" rel="gallery-all" title="Stage One of the 00 million revitalisation of Canberra’s Belconnen Markets precinct. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ste18-003_ext_building_perspective_02.jpg?itok=86eGfh8k" title="Stage One of the 00 million revitalisation of Canberra’s Belconnen Markets precinct. Image: Supplied" width="580"></a>

<figcaption>Stage One of the 00 million revitalisation of Canberra’s Belconnen Markets precinct. Image: Supplied</figcaption></figure><h2>What they say...</h2>

<blockquote>
“Development of the Belconnen Markets precinct exemplifies our strategy of unlocking the value in our funds’ real estate assets whilst delivering outstanding projects to the local community.

In the short time since we acquired the property in June 2018, we’ve been pleased with the progress of our strategy to revitalise the Belconnen Markets precinct.

There has already been strong interest from “mini-majors”, specialty retailers and service providers in the Stage One offering, which will complement the current retail precinct.”

- Glenn Willis, CEO of Elanor Investors Group
</blockquote>

 

<blockquote>
“The Belconnen Markets precinct masterplan has been influenced by recent trends in Europe and North America where markets are an important anchor of community economic activity.

Our vision for the new Markets precinct is to transform it into a day-night destination for Canberra residents and its visitors, providing a unique experience not currently available elsewhere in the ACT or NSW.

In other parts of the world, revitalised markets are increasingly activating mixed-use precincts.”  

- Michael Baliva, Elanor’s Co-Head of Real Estate
</blockquote>
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Belconnen Markets

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