Australia’s property market is evolving, and apartments are stepping into the lead.
Fresh insights from Nuestar and Hotspotting show a compelling shift: in Brisbane alone, 76.3% of apartment markets outperformed houses in price growth over the past year.
The trend is echoed in Perth and other major capitals, driven by affordability pressures, lifestyle changes, and rising construction costs — all pointing toward a strong future for apartment living.
Michael Wilkins, Founder and Director of Property at Nuestar, sums it up: “With lifestyle benefits, lower costs and outstanding locations, apartments are fast becoming the preferred choice for both homeowners and investors,” he said. “Developers are also recognising that quality design, premium inclusions and integrated amenity are increasingly key to market appeal.”
And it’s not just opinion — the data tells the same story. Suburbs like St Lucia, Indooroopilly, Scarborough and Chermside have seen median unit prices jump 20% or more, with others posting strong double-digit growth. In Brisbane and the Gold Coast, the traditional price gap between houses and apartments is shrinking fast — in some cases, nearly gone.
At Nuestar, this isn’t a surprise — it’s a signal. One that reframes value beyond square metreage, highlighting the importance of smart planning, thoughtful design, and how Australians actually want to live today.
For developers and investors, the takeaway is clear: apartments aren’t catching up — they’re setting the pace.
For further media coverage:
Leave a Reply