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Apartment prices to surge in price

By Darren Cartwright - Courier Mail - Online

Apartment prices are tipped to surge as owner-occupiers and investors, priced out of Brisbane’s overheated
housing market turn to more affordable options. Experts have warned of a seismic shift from the dream home to the dream apartment within a 5km radius of the CBD as median house prices across Brisbane hurtle skywards.

House prices have increased at such a rapid rate that homeowners in Brisbane’s most popular inner suburbs
are raking in up to $50,000 a month in capital gain. The unit sector is now wide-open for shrewd investors to cherry pick quality Brisbane apartments with the disparity between the median price for houses ($755,000) and a unit at a record 47.5 per cent, according to the latest Place Advisory data.

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