Michael Matusik has declared recently that more and more Brisbane residents are taking up the opportunity to live in apartments rather than homes. He states there has been an increase of 25% in inner city owner in the last 5 years. Most recently noting that over the last 12 months 50% of all apartment buyers in the inner city of Brisbane have been owner occupiers and not property investors.

The Brisbane property market has been very slow of late or so it seems as Tim Lawless from RP Data indicates that the apartment market is still performing very well compared to the housing market. Lawless claimed that the apartment market climbed 7.9% over the last 12 months which is fantastic growth in what seems a very slow market.

Lawless claims Brisbane to be the second most affordable city for apartments and expects further growth to come.

While owner-occupiers are dominating the market at the moment, Mr Matusik said as the trend moves towards increasing yields and smaller apartments, more investors will re-enter the market in the next couple of years.

“We foresee this will result in an undersupply in the market for spacious new apartments over the coming years,” he said.