Strong migration into Queensland has helped house and apartment prices in Brisbane stay in positive territory despite a slide in the other major capital cities of Sydney, Melbourne and Perth. Brisbane apartment prices gained 0.3 per cent in the month of September, up 1.3 per cent for the quarter. But according to Corelogic apartment prices in Brisbane are still 10 per cent below where they were 10 years ago, creating "bargains". "Apartment price growth has been negative for several years and have only just come back," Corelogic's Tim Lawless said. "There are some good buying opportunities. Oversupply was a concern and I would still use caution some places." While growth in Brisbane residential property has slowed, it is still the only major capital city showing growth. Migration driving prices "Migration is definitely one of the key factors, " Mr Lawless said. Queensland is now the number one state when it comes...

In 2018 and beyond a wave of major development and infrastructure projects promise to drive economic growth and provide new commercial real estate opportunities. A recent report authored by Dominic Brown and John Sears of Cushman & Wakefield has analysed the future growth potenital of Brisbane's tourism and commercial real estate market with the seven major projects taking place in Brisbane CBD over the next 10 years. Together these projects will help deliver the Council's vision of establishing Brisbane as a "new world city". These projects include: Brisbane Live Awaiting approval; Value: $2.0bn. Development of an entertainment precinct located on top of the Roma Street rail interchange hub. Facilities include a $450 million, 17,000-seat arena along with multiplex cinemas, an amphitheatre and proposed commercial, residential and hotel towers. The precinct links King George Square to the Barracks on Petrie Terrace and benefits from the Cross River Rail and Brisbane Metro projects. Edward Street...

Brisbane has weathered the worst of its apartment market slump as stability returns to the sector, new research suggests. The latest Quarterly Apartment Report from local property marketing and research group Place Advisory suggests stability is returning to the apartment market as sales rates absorb the current supply. With no major releases hitting the market over the next six months supply is tightening up, and Place Advisory's Lachlan Walker says that the market is positioning itself for growth as Brisbane moves into its next cycle. Inner Brisbane recorded 175 unconditional sales during the June quarter. “Up 31 from the previous quarter, and totalling $118 million,” Walker said. “The weighted average price of $674,714 was up 1.7 per cent compared to the last quarter – it’s a modest increase, but it’s promising.” Research released by Urbis affirms the view that the tide is beginning to turn in Brisbane’s apartment market. The...