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Brisbane has recorded its strongest wave of apartment completions since 2018, with over 1,900 units finalised earlier this year and more than 1,250 due for completion before year-end. According to a recent JLL report, the city has already surpassed any single year's delivery in the past five years, marking a turning point for its residential supply pipeline. This revival follows a period of sluggish development activity, and industry analysts suggest it could help ease mounting demand pressures across Brisbane's urban housing market.
Brisbane's residential landscape has undergone a significant transformation this year, with the city witnessing its highest level of apartment completions since 2018. JLL data revealed that more than 1,900 units were finalised earlier in the year, reflecting a sharp acceleration in supply compared to previous years. The momentum is set to continue, with over 1,250 further units expected to reach completion before the end of the year, placing Brisbane firmly ahead of other major Australian markets in terms of delivery pace. Advertisement
The report emphasised that the current year's completion figures have already exceeded the totals recorded across entire years during the past half-decade. This resurgence is seen as particularly important given the period of constrained development that followed Brisbane's last major apartment boom. Over recent years, developers had been reluctant to bring forward large volumes of supply due to challenging financing conditions, construction costs, and regulatory hurdles.
Industry experts believe that this fresh surge in completions may provide some relief to Brisbane's tight housing market. With population growth and migration continuing to place pressure on urban housing, an increase in available stock could help moderate rising rental prices and ease demand on the city's limited housing options.
Nevertheless, questions remain about whether the uplift in completions will be sufficient to meet the city's longer-term housing needs. Market observers have pointed out that while the pace of delivery has improved, a consistent pipeline of projects will be required to maintain balance as demand shows little sign of slowing.
Although the uplift promises to ease some immediate pressures on renters and buyers, it is not yet clear whether the momentum can be sustained in future years. Continued delivery will be essential if Brisbane is to keep pace with its expanding population and avoid renewed strain on housing affordability.
Source: Real Estate Asia
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