By Elizabeth Tilley - Courier Mail - Page 21
BRISBANE’S high-end apartment market is about to hit new heights, with a major developer snapping up a prime riverfront site for about $23 million, amid a growing hunger for luxury living.
Place Advisory residential research director Lachlan Walker said there had been a shift from cookie-cutter units in mega towers to boutique buildings with high-end offerings. The average riverfront unit price in Brisbane is now $820,000 - 2.4 per cent higher than it was a year ago.
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