The eyes of the world are on Brisbane again this week with the announcement a residential building in the CBD has been awarded ‘Best Residential High-Rise Development’ (Australia) at the Asia Pacific Property Awards.

“These are exciting times for the Brisbane inner city real estate market, the positioning of our city, the live-ability and the fine collection of properties within the CBD are gaining a lot of attention at the moment – not only from across Australia but all over the world!” said Hannah Schuhmann, Principal of HS Brisbane Property.

With more developments set for the Brisbane CBD in the near distant future, such as the iconic new 5 Star Tower at 222 Margaret Street, the CBD area is just set to become even more attractive to savvy investors and we are likely to see price increases to mirror that demand.

“With the announcement of the exciting new 222 Margaret Street development we are seeing increased interest in the buildings currently surrounding that location.

We currently have a few apartments for sale in a nearby building on Margaret Street and there certainly is increasingly more investors contacting us, wanting to get into the area now before we start to see a shift upwards in the pricing” said Hannah.

Over the past ten years we have already seen so much change in terms of redevelopment and new buildings being built in the CBD.  A little while ago Brisbane News brought us a time-lapse video showing all the new buildings that we have seen emerge on the city skyline since 2004 and also those that are planned for the future into 2015.  

You can check out the quick video at http://media.brisbanetimes.com.au/news/national-news/brisbane-skyline-transforms-time-lapse-3684798.html and see exactly how much change our city has undergone over the past decade.

As we look to another ten years down the track it will be interesting to see what the profile of our city looks like come 2024 and what impact that will have on the real estate market.  One thing is for sure, there are many exciting times ahead for our beloved Brisbane.