Two Brisbane suburbs in top 10 most wanted list for apartments

first_img7. Maroochydore More than 17,140 10. Kangaroo Point More than 14,270 5. Mooloolaba More than 22,140 9. Main Beach More than 16,220 6. Southport More than 20,980 202/116 Annie Street, New Farm, is for sale.REA Group economist Nerida Conisbee said the data indicated that despite fears of an apartment oversupply in Brisbane, demand was still there.“It’s good news because Brisbane like Melbourne is a city where people are concerned about the level of development,” she said. “I think it’s good to remember high supply doesn’t necessarily mean low demand.” GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Ms Conisbee said five of the top 10 most searched suburbs for units in Queensland were on the Gold Coast. “The Gold Coast just keeps coming through on top in lots of different measures, from buying to renting,” she said.The fact New Farm apartments are in the top 10 most wanted in Queensland comes as no surprise to Brett Greensill of LJ Hooker New Farm. 1. Surfers ParadiseMore than 53,260 8. New Farm More than 16,460 SuburbNumber of searches 4. Caloundra More than 22,320 QUEENSLAND 2. Broadbeach More than 40,200 11/161 Moray Street, New Farm, has just sold.APARTMENTS are still in hot demand in two inner-city Brisbane suburbs despite fears of a looming oversupply.According to REA Group, the most sought-after units in Queensland are on the Gold Coast and Sunshine Coast, but New Farm and Kangaroo Point also make the most-wanted list.The data collated from between September 2016 and February this year ranked suburbs in Queensland, Victoria and New South Wales based on the number of unit searches.Surfers Paradise is the hottest apartment market in Queensland — topping the list of the most in-demand suburbs for units, with more than 53,000 searches in the past six months. Surfers Paradise has topped the list of suburbs most wanted for units in Queensland. Pic Jono Searle.Broadbeach is the next most sought-after, with more than 40,000 searches.Demand for units in both of these Gold Coast suburbs far outstrips any other suburb in Queensland, New South Wales or Victoria.New Farm is eighth on the list, while Kangaroo Point just scrapes in to the top 10 most wanted suburbs for units in the state. (Sep 2016 – Feb 2017) 3. Burleigh Heads More than 23,490 More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago Source: REA Group The view from 11/161 Moray Street, New Farm, which has just sold.Mr Greensill said he was struggling to keep up with demand in the suburb from owner occupiers interested in quality apartments, who were getting priced out of the suburb’s housing market.He said a perfect example was the recent sale of a three-bedroom apartment with 180 degree city and river views at 11/161 Moray Street.“That’s the kind of apartment owner occupiers are buying to downsize and live there for the next 10 years,” he said.last_img

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