As the Brisbane apartment market continues to show signs of improvement, developers are shifting their focus to boutique projects which appeal to the local owner-occupier market.
The signs in the Brisbane apartment market have been more optimistic of late, with Corelogic-Moody's Analytics recent home value index forecasting Brisbane's apartment values to recover in 2020 after a tough few years following the construction glut between 2013 and 2016.
It also seems that the limited new projects launched in the last two years have created vacancy that will continue to tighten as supply drives up.
And no where is supply more in demand than in Brisbane’s cafe culture hubs of New Farm and West End. Nestled in some of Brisbane’s premiere shopping and dining hubs, they epitomise a the ideal fringe CBD locations, surrounded by a constantly evolving cityscape of eateries, boutiques and essential amenities.
New Farm, one of Brisbane’s best performing suburbs over the past decade, growing by 76.2 per cent in that time, offering sought out lifestyle attributes like bars, restaurants, breweries and high-end fashion stores.
Brisbane’s West End has been hive of development activity of late. Supply of new apartments in West End peaked in 2017, with close to 900 apartments delivered that year. This has steadily decreased with about 200 apartments due to be completed this calendar year.
Here are four notable low-rise medium-density residential projects — flagged by DA tool CityShape — that have recently entered planning assessment across Brisbane.
Anthology by QM Properties
155 Moray Street, New Farm
The Maison by Frank Developments and Graya
60 Moray Street, New Farm
The Oxlade by Seymour Group
80 Oxlade Drive, New Farm
Amersham by Di Marco Group and TG Development
8-10 Amersham Street, West End