The best performing apartment market over the last decade


Which was the best performing apartment market over the last decade?

Brisbane based Place Projects conducted a comparison of Australia’s east coast apartment markets: Brisbane, Sydney and Melbourne.

Their key findings:

map australia

  • The graph below clearly shows a widening gap occurring in median apartment prices between the Brisbane, Sydney and Melbourne apartment markets.
  • Median apartment prices for Brisbane, Sydney and Melbourne now sit at $391,000, $750,000 and $542,800 respectively and is easily the largest gap recognised in over 10 years.
  • Whilst the Brisbane apartment market has remained flat, there has been growth seen in both the Sydney and Melbourne apartment markets.
  • Over the last 12 months the Melbourne apartment market has shown the strongest growth in median prices, recorded at 12.5%. The Sydney apartment market was next with 11.9% growth, whilst the Brisbane apartment market declined in median price by 1%.  
  • Over the last 10 years ending June 2017, the Sydney apartment market has increased in median price by 60%. This is followed by the Melbourne apartment market which has increased by 46%. However, the Brisbane apartment market has increased by only 8% during this time.
  • Brisbane Apartments have been on average, 43% more affordable than Sydney apartments and 15% more affordable than Melbourne apartments over the past 10 years ending June 2017.
  • At the current median price of $391,000, Brisbane apartments are 92% cheaper than Sydney apartments and 39% cheaper than Melbourne Apartments.

Apartment Capital Growth Chart 1

Market Snapshot

Market Snapshot 1

Source: Place Projects 


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