Brisbane off the plan apartments

Is Brisbane's property market growth sustainable?

We're still seven years away from the 2032 Brisbane Summer Olympics, and in the last two years alone, Brisbane dwelling values (houses and units combined) have risen by 24.5 percent.

Last year saw the biggest increase in units since the late 1980s, with values growing by 16.6 percent in 2024, bringing the median unit value to $680,000.

Three months into 2025, and not much has changed.

CoreLogic's latest Home Value Index shows another 0.7 percent gain in unit values in March, following gains of 0.7 percent in February and 0.6 percent in January. Now, the median unit value is approaching $700,000.

With billions of dollars set to be poured into major infrastructure projects across Brisbane, a forecasted strong increase in population, and an ongoing shortage of new properties coming to market, there's no reason why Brisbane can't continue to outperform the rest of Australia.

<h2>What happened in Brisbane’s off the plan apartment market in March?</h2>

Brisbane was spurred again with another huge government announcement. It was revealed Victoria Park, on the edge of Spring Hill, will be hub of the 2032 Brisbane Summer Olympic Games.

A new 63,000-seat stadium will be delivered and will become the new home of the Brisbane Lions, Brisbane Heat, and Queensland Bulls.&nbsp;There will also be a new National Aquatic Centre at Centenary Pool in Spring Hill and a major upgrade of the Queensland Tennis Centre.

<img alt="Let the Games begin: QLD Government reveals 2032 Brisbane Summer Olympic Games plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-03-26%20at%208.29.00%E2%80%AFAM.png?VersionId=tf4963Fh57hVGfR0RQFRtwEM_Grb4oQ5" />

While a dedicated Brisbane Arena is no longer required for the Games, the government is facilitating its delivery by the private sector at the GoPrint site in Woolloongabba.

Premier David Crisafulli emphasised that the new venues and upgraded facilities would attract world-class events beyond 2032, ensuring a lasting impact on Brisbane.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/let-the-games-begin-qld-government-reveals-2032-brisbane-summer-olympic-games-plans">Let the Games begin: QLD Government reveals 2032 Brisbane Summer Olympic Games plans</a>

Limited new apartment supply is still the story of Brisbane, although prospective new apartment buyers were treated to a rare new project launch.

Local developer <a href="https://www.urban.com.au/developers/demartini-fletcher-property">DeMartini Fletcher</a>&nbsp;launched their&nbsp;<a href="https://www.urban.com.au/developments/stones-corner-qld-4120" target="">Stones Corner</a> development,&nbsp;<a href="https://www.urban.com.au/new-apartments/corner-house-stones-corner-18-stoneham-street-stones-corner">Corner House</a>, 88 one, two, and three-bedroom apartments starting from $765,000.&nbsp;

&nbsp;

[smartcode_project:default project_id=149098 project_image_fid=330588]

DeMartini Fletcher has collaborated with&nbsp;<a href="https://www.urban.com.au/architects/ellivo-architects">Ellivo Architects</a>&nbsp;on the design which aims to honour the heritage of the localicty while bringing in a contemporary twist.

Residents will have access to a rooftop retreat designed as a lifestyle-focused extension of their homes. The roof will feature a&nbsp;resort-style pool, spa, sauna, ice bath, gym, yoga lawn, residents’ herb garden, and barbecue facilities, all with sweeping views of Brisbane’s skyline.

[smartcode_project:default project_id=149098 project_image_fid=330608]

Corner House will integrate sustainability principles, with a focus on climate-responsive design and urban greenery.

&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/demartini-fletcher-launches-corner-house-apartments-in-stones-corner">DeMartini Fletcher launches Corner House apartments in Stones Corner</a>

While a lot of new apartment developments are going through the development application process or locking in build contracts before becoming available for buyers, developers are continually padding out their pipelines.

<a href="https://www.urban.com.au/developers/silverstone-group" target="">Silverstone Developments</a> sees more value in apartments than offices, so they've changed their plans for their prime riverfront Coronation Drive site in Milton. They now want to develop a 30-level building with 192 apartments.

<img alt="First look: Silverstone Developments to turn office to apartments on Milton riverfront site" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-03-03%20at%202.29.53%E2%80%AFPM.png?VersionId=8nPCP662AeBDd37vsZH_na4avFEqCn4T" />

Targeting owner-occupiers, the development will offer two and three-bedroom residences with rooftop amenities, including a lap pool and gym.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-silverstone-developments-to-turn-office-to-apartments-on-milton-riverfront-site">First look: Silverstone Developments to turn office to apartments on Milton riverfront site</a>

&nbsp;

Joel Robinson

City Beat March 2025: Olympics announcement to drive further growth in Brisbane property market

Consolidated Properties Group has topped out both towers at its riverfront <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a> apartment development, <a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Final construction work is underway on the $460 million development which is 98 per cent sold. Just four of the 224 apartments remain.

Hutchinson Builders started construction on the 1.2-hectare site in 2023, notwithstanding the weather challenges throughout the past two years. As construction moves into the final stages, owners are set to begin moving in before Christmas this year.

[smartcode_project:default project_id=113455 project_image_fid=211466]

In the coming months, the scaffolding will be removed from River 1, which will allow the public and residents a first look at the exterior and form of the building.

With the structural construction of the building complete, Hutchinson Builders are continuing their work on the residence’s internal features and rooftop amenities, including the ultra-premium pool deck, gym, sauna and entertaining areas.

The heritage restoration of Middenbury House is also seeing major progress. The heritage-listed Welsh slate roof has been replaced using the last shipment of traditional Welsh slate ever to arrive in Australia, marking a significant step in the building’s restoration.

Once complete, residents and visitors to Monarch Residences will be among the first people to enter the historical building, as it is the first time it will be open to the public since its original construction in 1865.

[smartcode_project:default project_id=113455 project_image_fid=211490]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties Group</a>.

“Both towers are structurally complete, and we’re moving quickly into the final stages. Hutchinson Builders has done an outstanding job, and we’re confident the delivery will exceed our expectations. It’s exciting to see everything come together, and we look forward to welcoming the first residents soon.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

Chairman of Hutchinson Builders, Scott Hutchinson said the building is something special, not just in Brisbane, but in Australia.

"It’s a beautiful building, sitting right on the river in Brisbane,"&nbsp;Hutchinson said.

“As builders, we have worked hard to ensure the materials we use are not only of the highest quality, but also visually appealing and structurally sound. The residences themselves are beautiful homes and it’s been a privilege bringing the vision of Monarch Residences to life."

[smartcode_project_cta:default project_id=113455]

“We’re pleased with how the construction is progressing across both towers,” said Don O’Rorke, CEO and Chairman of Consolidated Properties Group.

Cons Prop & Hutchies top out Monarch Residences in Toowong

<a href="https://www.urban.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> is one of the most active developers in Brisbane right now. The family-run builder-developer is busy welcoming buyers to two of its recently completed inner-city developments in Chermside and Stones Corner.

<a href="https://www.urban.com.au/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>, located on one of the last parkside sites in <a href="https://www.urban.com.au/developments/chermside-qld-4032">Chermside</a> overlooking the expansive 73-hectare Seventh Brigade Park, has just a handful of three-bedroom apartments remaining in its final stage, Esencia, following sellouts of the first two stages, Lujosa and Belleza, several years ago.

[smartcode_project:default project_id=100682 project_image_fid=186903]

GVG is putting the finishing touches to their <a href="https://www.urban.com.au/developments/stones-corner-qld-4120">Stones Corner</a> development, <a href="https://www.urban.com.au/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>. Just one apartment remains for sale in the Flora Street project near Hanlon Park. The nine-level building, topped by a communal rooftop terrace with park views, is UDIA-certified as an EnviroDevelopment for its sustainability features, including EV charging and community herb gardens.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Not one to rest on its laurels, Gardner Vaughan is gearing up for another busy year with four projects in market in 2025. They have just launched <a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a> in <a href="https://www.urban.com.au/developments/nundah-qld-4012">Nundah</a>, 84 one, two, three and four-bedroom apartments above four retail spaces on the street level.

The project will also feature a rooftop deck with barbecue facilities, herb and veggie garden, and outdoor dining, as well as a first-floor resident pool, gym, and commercial spaces. Gardner Vaughan’s building arm has already started construction on site and is expecting an early 2027 completion.

[smartcode_project:default project_id=112531 project_image_fid=320117]

While inner-city Brisbane has been Gardner Vaughan’s main focus for the last two-and-a-half decades since being founded by Guy Gardner and Darryl Vaughan in 1989, they’ve expanded their footprint across wider Brisbane and South East Queensland in recent years.

Last year they completed their second Sunshine Coast project, Zinc Bokarina, and now they’re delivering <a href="https://www.urban.com.au/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina">Bask Bokarina</a>, 135 apartments next door to Zinc. Bask will feature nine retail spaces on Bokarina Blvd. The two towers are currently under construction and will complete in mid-to-late 2026, and will feature a podium-level pool, gym, and herb garden.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The first tower is 85 per cent sold and tower two will launch to the market in the middle of this year. Bask recently set a suburb record for one of its four penthouses. The four-bedroom apartment sold to a local downsizer for $5,499,000, the biggest apartment sale in Bokarina by some margin.

[smartcode_project:default project_id=141609 project_image_fid=333361]

GVG will expand further into the Sunshine Coast later this year with Eden Caloundra, another two-tower development with 179 apartments.

There’s even further expansion in 2025 for GVG with the recent launch of ONE Redcliffe, the group’s first foray into the Moreton Bay region.

<a href="/new-apartments/one-redcliffe">ONE Redcliffe</a>, another two-tower project, will have 214 two, three and four-bedroom apartments on the Redcliffe Peninsula with unobstructed views overlooking Moreton Bay and Settlement Cove Lagoon. Apartments start from $1,061,500.

Gardner Vaughan Group set for big 2025 as new apartment pipeline expands across South East Queensland 

Over 12 months after securing a prime Toowong site on Sylvan Road, local developer&nbsp;<a href="https://www.urban.com.au/developers/pradella-property">Pradella</a>&nbsp;has revealed what it envisages for the site.

They've submitted plans to the Brisbane City Council for <a href="https://www.urban.com.au/new-apartments/70-sylvan-road-toowong">Sylvan Residences</a>, 53 two and three-bedroom apartments across a 12-level building opposite <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a> Memorial Park.

<a href="https://www.urban.com.au/architects/hal-architects">HAL Architects</a> have been tasked with the design of the building. They say it "evokes opulence,&nbsp;underpinned by the classic subtropical Queenslander vernacular," drawing inspiration from Toowong’s rowing history with a curved and sculpted form.

<img alt="Sylvan Residences" data-entity-type="file" data-entity-uuid="fdf4def8-8df3-4942-bd77-937b42fb6919" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20podium.png?VersionId=vx3uU1wkWOP5CXqNET960_C.JHWqoh6d" />

31 two-bed and 22 three-bed apartments have been pitched, above basement levels with 83 parking spaces.

A significant rooftop terrace will serve as a "lush oasis nestled in the urban convenience of Toowong," according to HAL.&nbsp;

Planned amenities include an infinity lap pool, fitness centre, steam room, sauna, community garden, private dining and lounge spaces, and barbecue facilities.&nbsp;

The landscaping and terracing are designed to complement Brisbane’s active, outdoor lifestyle, with views of the city and Mt Coot-tha.

<img alt="Sylvan Residences amenities" data-entity-type="file" data-entity-uuid="a5239aad-df11-4721-8153-65992dfe0862" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sylvan%20Residences%20amenities.png?VersionId=fkDuy6QaCqw9Lg_XW3I03JAH4EJZoBuB" />

&nbsp;

The town planning report by Plan A said "the proposal is consistent with surrounding development in the Toowong area and will provide a positive contribution to the streetscape."

Pradella <a href="https://www.urban.com.au/news/qld/pradella-secure-their-next-brisbane-apartment-development">bought the 1,083 sqm corner site</a> at 70 Sylvan Road for $6.1 million in late 2023.&nbsp;

CBRE’s Adelaide O’Brien and Will Carman, who facilitated the sale, noted strong developer interest in the suburb. O’Brien highlighted <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a>’s appeal to both owner-occupiers and investors, adding that the site also provides Pradella with secure rental income while planning its development strategy.

Pradella is most known for its development in West End where they're behind the $1.5 billion Montague Markets mixed-use precinct.

First look exclusive: Pradella plot Sylvan Road, Toowong apartment development

The Brisbane River has well and truly come alive. In the last decade there have been billions in new developments, both apartments and mixed-use precincts that have changed the face of the waterfront in the Queensland capital. The completion of the redevelopment of Howard Smith Wharves in 2019 was a key milestone. The 3.4 hectares of prime riverfront underneath the Story Bridge is now a vibrant hospitality hub with several restaurants, bars, hotels, and event spaces.

The riverfront had to wait another five years before the completion of Far East Consortium’s $3.6 billion mega-precinct, Queens Wharf. The huge 12-hectare precinct, a new landmark for Brisbane, is home to four new luxury hotels, over 50 new restaurants, bars and entertainment experiences, luxury retail, and a state-of-the-art event centre, home to Brisbane’s largest hotel ballroom. Between the resort’s four towers, 37 metres above street level, is a 12,000 sqm, open-air Leisure Deck will deliver a mixed-use space for hotel guests and the public. The Leisure Deck features an Event Deck, expansive lawn area for sunset picnics and exclusive resort amenities overlooking the city skyline.

While there’s now limited land on the northern side of the Story Bridge and on the fringe of the CBD, there is still significant opportunity down the river for more waterside development. Economic Development Queensland is undertaking the largest urban renewal project in the state, and arguably the country. They are creating Northshore, a new mixed-use community on 304 hectares of previously industrial port land at inner-city Hamilton. The 40-year development, which started 10 years ago, is estimated to cost $12 billion.

There will be around 14,000 new homes built over the next three decades that will home roughly 24,500 residents. Over 25,000 employees will call Northshore their place of work, with an innovation and technology precinct covering over eight hectares of the precinct. That will comprise commercial, retail, and clean industrial businesses. In December, Northshore’s central precinct achieved a 6 Star Green Star – Communities certified rating. Northshore will also play host to Brisbane Athletes’ Village for the Brisbane 2032 Olympics and Paralympic Games.

While there have been major commercial developments that have driven huge economic boosts to Brisbane, the riverfront boom hasn’t been lost on some of states best new apartment developers. Don O’Rorke’s Consolidated Properties was quick to act back in 2021 when they snapped up the 1.5-hectare former ABC site on Coronation Drive in Toowong. The prime site, with 130m of waterfrontage, is also home to the heritage-listed Middenbury House, which is being restored as part of the new development, <a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>. Monarch has been one of the best-selling developments across Brisbane in recent years, with nearly all of the apartments spoken for well before its late 2025 completion through Hutchinson Builders.

[smartcode_project:default project_id=113455 project_image_fid=211466]

Just a handful of penthouses remain in the two-tower project with nine of the 11 residences in the Penthouse Collection, which includes several riverside homes, snapped up in recent months. Predominantly local downsizers seized the opportunity, with an average sale price of $5.85 million. Colliers Director of Residential for Queensland, Andrew Scriven says the demand for Monarch’s top floors and unique River Homes has been incredibly strong, and the remaining penthouses will sell quickly.

"Since coming onto the market, the demand for these once-in-a-lifetime ultra-premium penthouse homes has been incredible," Scriven said.

"We’re continuing to see enquiry from local buyers as well as from out-of-state buyers. The level of interest in these homes speaks to the calibre and design of the Penthouse Collection."

[smartcode_project:default project_id=113455 project_image_fid=302322]

Consolidated Properties Group CEO and chairman Don O’Rorke says the development team’s vision was to deliver a super-premium residential project worthy of its unique north-facing location on the Brisbane River.

“The Monarch Residences penthouses offer unparalleled views, elegant design, and the kind of luxury living rarely seen in Brisbane,” O’Rorke said.

“Every apartment in the buildings is beautiful and in a class of its own – but with the penthouses, we’ve created a very small, exclusive set of residences that elevate themselves into a new class.”

[smartcode_project:default project_id=113455 project_image_fid=302440]

With Monarch nearly sold out, Brisbanites are now turning their attention to other opportunities to live by the river. The latest launch is in Teneriffe, where Kokoda Property Group—the developer behind The Ambrose and Ruby Ruby in Milton, as well as a major precinct project in Melbourne—has unveiled Teneriffe Banks (right and below). This development will be located on one of the last riverfront sites in the suburb, on Skyring Terrace.

Teneriffe Banks will feature five distinct, slender buildings housing over 200 residences, lofts, and penthouses, designed by Studio McCue, Cottee Parker Architects, and Carr. One of the buildings will house the first Kimpton Hotels &amp; Restaurants in Brisbane. The development will also offer an expansive commercial precinct, including more than 4,800 sqm of waterfront dining and retail space, as well as a redeveloped, purpose-built community centre.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Before the official launch of Teneriffe Banks, there were $285 million worth of sales. Over half of the residences have already been sold in The Interloom and The Skyform buildings. The Interloom building connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8-metre ceilings and panoramic views. Perched above the soon-to-be-released Store House Lofts, The Skyform features more spacious apartments that offer up to 334 sqm of luxury living with four-metre ceilings and panoramic views of the Brisbane River and city skyline.

Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland. The Ferry Building, a smaller-scale building, and The Skyform, merges Teneriffe’s historic woolstores with contemporary apartment design. Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering large terraces to entertain from.

[smartcode_project:default project_id=139896 project_image_fid=295102]

Supply on the river looks like it will continue over the coming years. The next project to launch will come from national developer Traders in Purple. Late last year they secured the prized 1.25-hectare West End site from Crown Group and have <a href="https://www.urban.com.au/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">plans in with the Brisbane City Council</a> for around 130 apartments and 32 river and terraces homes designed by Rothelowman.

<img alt="Traders" data-entity-type="file" data-entity-uuid="31ace497-87de-4039-a9a2-2f8a5e103e6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%209.15.35%E2%80%AFAM.png?VersionId=tkYmoUNWZAVgREsNu6_gSHwbIXSNRwNo" />

Traders in Purple Director George Geagea said the size and location of the West End site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD. “We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right site came along.”

Another national developer, ICD Property, who is creating mixed-use towers in Adelaide and Sydney after a string of successful buildings in Melbourne, snared the well-known R&amp;F site on the West End riverfront. While they are yet to revise the plans, approval is there for seven towers with over 1000 apartments on the 1.68-hectare block. <a href="https://www.urban.com.au/news/qld/exclusive-icd-property-secures-riverfront-west-end-site-for-brisbanes-latest-multi-tower-precinct">ICD paid just under $50 million</a> for the prime riverfront site that cost R&amp;F $82.5 million in 2015.

<img alt="ICD Property" data-entity-type="file" data-entity-uuid="4fc67d00-ac03-4d73-9b61-23cc39e4c20d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-27%20at%208.44.31%E2%80%AFAM.png?VersionId=ZW6VAMPpJSxSK2TrKj_qkfG_35_KdTg8" />

Plans have also been submitted <a href="https://www.urban.com.au/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">on the site next door</a> by concrete supplier Heidelberg Materials. Heidelberg, formerly Hanson, is also seeking to develop a new riverside community, which just falls into the suburb of South Brisbane rather than West End. Heidelberg had global design firm fjcstudio draw up plans for a 1.3-hectare precinct that will comprise three 50-level residential buildings with 620 apartments, a food and beverage plaza, and a 5,400 sqm public park (right).

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024. According to CoreLogic data, unit values in the city surged by more than 16 per cent last year, marking the highest annual return since 1988. With a robust pipeline of projects in the works, Brisbane is set to maintain its upward trajectory, positioning itself as a serious contender to Sydney’s dominance. Last year Brisbane surpassed Melbourne to become the second most expensive property market in the country.

Brisbane is poised for continued growth, following its strongest market performance in nearly four decades in 2024.

Brisbane's riverfront renaissance, and the developers leading the charge

Summary:

<ul>
	<li>New Brisbane Stadium, new National Aquatic Centre, major expansion of Queensland&nbsp;Tennis&nbsp;Centre and a dedicated Para-sport facility just some of the legacy infrastructure for Brisbane.</li>
	<li>The Gabba to be used for cricket in 2032, before being transformed as a vibrant new entertainment and housing precinct, as a lasting legacy of the Games.</li>
	<li>Brisbane Arena Priority Area to be moved to the vacant GoPrint site in Woolloongabba, and delivered by the private sector.</li>
	<li>2032 Delivery Plan sets the plan, now attention turns to delivering it.</li>
</ul>

<hr />
The heart of the Brisbane 2032 Olympic and Paralympic Games will be delivered at Victoria Park, with a new world-class Brisbane Stadium to be built as part of a thriving central Games precinct spanning Spring Hill, Bowen Hills and Victoria Park.

The new 63,000 -seat stadium was announced by the Queensland Government as part of the&nbsp;2032 Delivery Plan. The venue will also be where future Brisbane Lions, the Brisbane Heat and the Queensland Bulls teams call home.

Delivering 2032 and Beyond&nbsp;is the outcome of a 100 Day Review, stakeholder consultation and community input, and sets the plan for the Games, which Queensland will now get on with delivering.

Under the Plan, a new National Aquatic&nbsp;Centre will be delivered at the site of the Centenary Pool in Spring Hill, catering to swimming, diving, water polo and artistic swimming.

A major upgrade of the Queensland Tennis&nbsp;Centre will include a new 3000-seat show court arena and 12 new match courts which, in addition to Pat Rafter Arena, will open the doors to even more tournaments for Brisbane.

The Main Arena at the RNA Showgrounds will be upgraded with a 20,000 seat outdoor arena, to give the Queensland&nbsp;Ekka an even brighter future. &nbsp;

The main Athlete Village will also be built at the Bowen Hills precinct, within walking distance of the Brisbane Stadium.

While a Brisbane Arena is no longer required for the Games, the Queensland Government has taken steps today to allow Brisbane Live to be delivered by the private sector, providing the opportunity for the Federal Government’s contribution to be directed toward other essential Games infrastructure.

The Government will move the Brisbane Arena priority site to the vacant&nbsp;GoPrint site in Woolloongabba, paving the way for a permanent legacy in addition to a new housing and entertainment precinct over the Gabba when it is taken down.

This move will secure the future of the East Brisbane State School, ensuring it is not relocated. &nbsp;

Greater Brisbane will benefit from new and upgraded Games infrastructure, including:

<ul>
	<li>New&nbsp;Brisbane Stadium&nbsp;to be delivered at Victoria Park.</li>
	<li>New&nbsp;National Aquatic Centre&nbsp;to be delivered at the site of Centenary Pool in Spring Hill.</li>
	<li>Expanded&nbsp;Queensland Tennis Centre&nbsp;to include a new permanent 3000-seat showcourt and 12 new match courts.</li>
	<li>Transformed&nbsp;RNA Showgrounds&nbsp;with an upgraded Main Arena and Athlete Village, which will be converted to permanent housing after the Games.</li>
	<li>Upgraded&nbsp;Chandler Sport Precinct&nbsp;to include a dedicated Para-sport Facility.</li>
	<li>New&nbsp;Redland Whitewater Centre&nbsp;will be delivered within the future Birkdale Community Precinct.</li>
	<li>Brisbane International Shooting Centre&nbsp;upgraded to increase capacity of the indoor range.</li>
	<li>Logan and Moreton Indoor Sports Centres&nbsp;built to address the growing demand for indoor courts in some of the fastest growing areas of Queensland.</li>
</ul>

Premier David&nbsp;Crisafulli said the Brisbane 2032 Olympic and Paralympic Games would be an event Queenslanders could be proud of.

“Brisbane will be&nbsp;centre stage for the greatest show on earth and the benefits will last for decades after the Closing Ceremony,” Premier Crisafulli said.

“With major new venues and upgraded sports facilities, greater Brisbane will have high-performance venues attracting world events beyond 2032.

“A new stadium will allow Queensland to attract sporting and music events and be the new home for&nbsp;AFL and Cricket.

“Delivering 2032 and Beyond&nbsp;is a&nbsp;gamechanger for our State and with this plan we will deliver a Games all Queenslanders can be proud of.”

The new 63,000-seat stadium was announced by the Queensland Government as part of the 2032 Delivery Plan. The venue will also be where future Brisbane Lions, the Brisbane Heat and the Queensland Bulls teams call home.



Let the Games begin: QLD Government reveals 2032 Brisbane Summer Olympic Games plans

Summary:

<ul>
	<li>Corner House by DeMartini Fletcher brings 88&nbsp;apartments to Brisbane’s evolving Stones Corner</li>
	<li>Designed with Ellivo Architects, the development incorporates an existing brick building and communal spaces</li>
	<li>A rooftop retreat with a pool, spa, sauna, ice bath, yoga lawn, gym and skyline views&nbsp;</li>
	<li>Well-connected location near Woolloongabba, Brisbane CBD, Hanlon Park, and major transport links</li>
</ul>

<hr />
New apartment launches in Brisbane have been few and far between in recent years. It is always noteworthy when a new project hits the market to meet the overwhelming demand for apartments in the Queensland capital.

Local developer&nbsp;<a href="https://www.urban.com.au/developers/demartini-fletcher-property">DeMartini Fletcher</a>&nbsp;has just launched&nbsp;<a href="/new-apartments/corner-house-stones-corner-18-stoneham-street-stones-corner">Corner House</a>, 88 one, two and three-bedroom apartments in Stones Corner, one of Brisbane’s increasingly evolving inner-city precincts.&nbsp;

DeMartini Fletcher has collaborated with <a href="https://www.urban.com.au/architects/ellivo-architects">Ellivo Architects</a> on the design which aims to honour the heritage of the localicty while bringing in a contemporary twist.

Situated at the intersection of Montague and Stoneham Streets, Corner House&nbsp;incorporates the existing brick corner building into its design, activating the street level with communal spaces for residents and the wider community.

[smartcode_project:default project_id=149098 project_image_fid=330587]

The apartment mix includes one, two, and three-bedroom residences, as well as options with a multi-purpose room.

Each home is designed for spacious living, with open-plan interiors, entertainer’s kitchens, and ample storage.&nbsp;

Living spaces and bedrooms have been positioned to maximise natural light and ventilation, with wraparound balconies extending outdoor space while incorporating green screening for privacy.

[smartcode_project:default project_id=149098 project_image_fid=330588]

Residents will have access to a rooftop retreat designed as a lifestyle-focused extension of their homes. The roof will feature a&nbsp;resort-style pool, spa, sauna, ice bath, gym, yoga lawn, residents’ herb garden, and barbecue facilities, all with sweeping views of Brisbane’s skyline.

Corner House will integrate sustainability principles, with a focus on climate-responsive design and urban greenery.

[smartcode_project:default project_id=149098 project_image_fid=330603]

Until 2017, <a href="https://www.urban.com.au/developments/stones-corner-qld-4120" target="">Stones Corner</a> was designated as a 'precinct' within the suburb of Greenslopes. Now Stones Corner is one of Brisbane's most rapidly transforming areas.&nbsp;

Since the announcement of the 2032 Brisbane Olympics, developers have eagerly seized the opportunity to be part of the area's transformation. In addition to several new apartment developments, Stones Corner Village is set for a complete revitalisation, bringing a vibrant new retail and dining precinct just off Hanlon Park.

Hanlon Park itself has undergone significant upgrades in recent years, earning the title of Best Park in Australia at the 2023 National Landscape Architecture Awards. The park features walking trails, beautifully landscaped gardens, and children's playgrounds.

Stones Corner also boasts excellent connections to Brisbane's central areas, with all major modes of public transport—including trains, buses, and the metro—providing easy access to the city.

[smartcode_project_cta:default project_id=149098]

DeMartini Fletcher launches Corner House apartments in Stones Corner

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

Brisbane's unit market continues to see impressive growth in 2025.

After reaching a four-decade high in 2024, with a remarkable 16.6 per cent growth—the highest calendar year increase since the mid-1980s—Brisbane units have sustained their momentum.

According to CoreLogic's latest Home Value Index, unit values rose by 0.7 per cent in February, making it the second-best performing capital city unit market. This follows strong growth of 0.6 per cent in January and 0.8 per cent in December, demonstrating consistent upward movement.

The median unit price in Brisbane is now approaching $700,000, up from $568,000 at the start of 2024.

Unit values have consistently outpaced house prices, with house values remaining flat in February.

Brisbane’s performance aligns with broader national trends. While many capital cities began experiencing negative growth in the latter part of 2024, the February interest rate cut has reignited demand, reversing some of these declines.

<h2>What happened in Brisbane’s off the plan apartment market in February? &nbsp;</h2>

A major policy shift was announced in February that will significantly impact Brisbane’s new apartment market.&nbsp;

The Queensland Government revealed that first home buyers purchasing a new property will no longer have to pay stamp duty, removing a major upfront cost that has long been a barrier to homeownership. &nbsp;

The policy aims to increase home ownership rates in Queensland, which have been at their lowest in the country over the past decade.&nbsp;

The move is also expected to provide a boost to new apartment sales, particularly in Brisbane, where demand from first home buyers is strong. &nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-home-buyers-to-pay-no-stamp-duty-on-new-property-in-qld-gov-shakeup">First home buyers to pay no stamp duty on new property in QLD Gov shakeup</a>

February saw Sekisui House Australia reveal Callista on Park, the final stage in their thriving West Village precinct.

After nearly a decade of transforming the former Peter's Ice Cream Factory site in Brisbane's West End,&nbsp;<a href="https://www.urban.com.au/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;Australia has&nbsp;unveiled the final opportunity to buy into the thriving West Village community.

[smartcode_project:default project_id=134800 project_image_fid=330238]

<a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>&nbsp;has designed&nbsp;<a href="https://www.urban.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>, a mix of two, three and four-bedroom apartments across a 14-level building.

The plans were rejigged to shift the majority of the building amenity to the roof, giving future Callista residents a rooftop retreat with extensive views of the Brisbane CBD skyline.

[smartcode_project:default project_id=134800 project_image_fid=330244]

The name Callista on Park has European origins. "Callista," meaning "most beautiful" in Greek, honors the West End area's strong Greek community from the 1980s. It signifies "most beautiful" because it represents West Village’s most premium offering. "On Park" reflects its prime location, fronting Mollison Park, a central green space that hosts events such as the annual Brisbane Ice Cream Festival, pizza and pinot evenings, gardening workshops, and fashion events. It is also situated next to the historic Peters Ice Cream building, home to West Village’s popular farmers market.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/west-village-final-stage-revealed-as-callista-on-park-launches-to-the-market">West Village final stage revealed as Callista on Park launches to the market</a>

The demand for more premium apartments in Brisbane has also been evident in <a href="https://www.urban.com.au/developments/toowong-qld-4066">Toowong</a> where <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties</a> has secured the majority of sales of its penthouse collection at&nbsp;<a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Just two penthouses and a river home are left in the riverfront development after nearly $50 million in penthouse sales. The majority of buyers have been local downsizers.

[smartcode_project:default project_id=113455 project_image_fid=302322]

The final remaining residences, priced from $4.4 million in Monarch which is currently under construction through Hutchinsons and will be completed by the end of the year.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">Penthouses snapped up at Toowong's Monarch Residences</a>

City Beat February 2025: Brisbane unit market outperforms houses as government abolishes stamp duty for first home buyers

Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="https://www.urban.com.au/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="https://www.urban.com.au/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

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