If rarity is what makes precious jewels so valuable then the Brisbane central business district (CBD) is currently one of the finest gems around.
 
Brisbane is a vibrant Australian city and greatly regarded as a desirable place to live, so it comes as no surprise that Brissie’s inner-city real estate is popular amongst home-buyers. What is surprising, however, is the unprecedented rate in which the demand is growing.
 
More than ever we are experiencing a huge need for city living; with hundreds of buyers on the lookout to purchase property within the Brisbane central business district (CBD).
 
“Units within the CBD offer a unique and incomparable appeal that just can’t be found in some of the more modern urban renewal precincts, thus putting Brisbane’s CBD living in a league all of its very own. Such realty is unlike anything else available on the market, so it’s no wonder home buyers are snapping up such rare opportunities when they arise,” says Hannah Schuhmann, Principal of HS Brisbane Property.
 
It comes back to the good old term ‘supply and demand’. While the number of buyers drawn to CBD-based real estate is increasing, on the flipside, we are witnessing a complete lack of those wanting to sell their CBD abodes. This consequently means there is limited availability in housing stock.
 
For example, at present out of the 9,230 units in the Brisbane CBD area only approximately 200 of these are for sale. That is less than 3 per cent!  This is an astonishing figure! It is figures like these that are making rare gems out of Brisbane’s inner-city housing.
 
Meanwhile, as demand for the city’s CBD realty gems is on the rise, the Brisbane City Council (BCC) is busy working on plans for another soon-to-be treasure; its latest urban landscape, Kurilpa.
 
A short walk from the CBD, Kurilpa is set it be Brisbane’s new world-class waterfront destination and home to a sophisticated inner-city community. The new redevelopment will transform 25 hectares of land and one kilometre of river frontage into a sought after central hub; one which will house a mix of contemporary apartments, state-of-the-art offices and innovative cultural centres.
 
For more information on real estate opportunities in the Brisbane CBD or to find out what your property is worth, please contact Hannah on 0419 782 133.
  
 
*Figures sourced from RP Data.