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Brisbane riverfront property costs are surging
Riverfront properties now promote for six instances town median after recording a staggering 29 per cent worth soar in a single yr, highlighting the premium high-end patrons can pay to safe a stake in Brisbane’s dwindling waterfront property.
Place Advisory’s Brisbane Riverfront Property Market Report revealed riverfront residence gross sales in Brisbane averaged $5.8m after town formally joined the “ultra-prime” membership in 2024, recording its first two gross sales above $20m.
The report analysed the 12 months to October 2025, displaying how shortage and high-net-worth demand had reshaped actual property’s high finish.
Hawthorne stood out as considered one of Australia’s strongest-performing waterfront suburbs, with current gross sales averaging greater than $12m, together with two $20m-plus offers.
Different frontrunners Bulimba and Yeronga had common sale costs of $6.25m and $5.86m respectively.
This property at 17 Julius St, New Farm, set a brand new Brisbane residence sale worth file of $25m. Picture provided.
Sarah Hackett of Place New Farm mentioned the findings strengthened the exclusivity of Brisbane’s blue-chip waterfront belt.
“Consumers know alternatives are extremely restricted, and when high quality properties come to market, competitors is rapid and decisive,” Ms Hackett mentioned.
The company had a swelling checklist of greater than 9,000 patrons ready to safe their slice of the moist stuff, she mentioned, whereas simply 76 indifferent home gross sales with river or water frontage have been recorded within the 12 months to December 2025.
Rob and Meghan Grey owned the house for 3 years
The town’s residential file was shattered final month with a riverfront knockdown in New Farm altering arms for $25m.
The attention-watering sum was thrice what proprietor Rob Grey, a neighborhood developer, had paid for the 688 sqm property simply three years prior, with no enhancements to it since.
Mr Grey mentioned the location’s five-storey zoning contributed to the excessive sale.
The co-director of design and construct agency Graya mentioned he was already looking for one other riverfront website.
A newly constructed three-level simply offered at 88 Wynnum Rd, Norman Park
“I genuinely assume I’m going to remorse promoting it, as a result of once I look again at this in 5, ten years’ time it should appear like an inexpensive sale,” Mr Grey mentioned.
“Although now the sale seems so large, I nonetheless assume there may be a lot extra progress to come back in inner-city riverfront blocks.
“I’ve been seeking to purchase one other one within the final yr, and noone is prepared to promote which actually highlights simply how scarce these protected view corridors and ridge strains actually are.”
Sarah Hackett of Place Property Brokers
Ms Hackett mentioned riverfront properties have been attracting a really broad purchaser pool, from native households upgrading long-term to interstate patrons who noticed Brisbane as distinctive worth in comparison with Sydney and Melbourne.
“There’s a confidence on this a part of the market that hasn’t wavered. Even when broader circumstances fluctuate, status riverfront properties proceed to set their very own benchmarks.
“Even each of my $20m-plus gross sales obtained aggressive bidding. I’ve by no means seen such a tightly held market with such rising demand,” she mentioned.
15 Laidlaw Pde, East Brisbane was offered following an public sale marketing campaign
Auctioneer Justin Nickerson, of Apollo Auctions, mentioned properties alongside Brisbane’s inner-east river bends have been marked by quick campaigns and really excessive clearance charges.
Traditionally, waterfront properties attracted 80–120 per cent premiums over non-waterfront properties, with Brisbane’s riverfront now firmly consistent with this elite class in firm with Sydney Harbour and different coveted world markets.
“It’s a on condition that persons are drawn to dwelling by the water, and notably in Queensland being a state with an lively, outside way of life we discover patrons will at all times gravitate to waterfront properties after they come to public sale,” Mr Nickerson mentioned.
“In Brisbane, which means the river because you don’t have beachfront, so these properties do appeal to numerous curiosity and the demand is heightened when they’re near facilities like cafes.”
Place Advisory’s Damian Hackett
Place Advisory’s Damian Hackett mentioned no new vacant riverfront land gross sales have been recorded in 2024, confirming the hall was successfully constructed out.
“What’s driving resilience is shortage. There’s just about no new indifferent riverfront provide coming on-line, and most future inventory will solely emerge by knockdown-rebuilds or complicated redevelopment,” Mr Hackett mentioned.
“Even when broader transaction volumes reasonable, our information suggests pricing for high-quality riverfront properties is prone to stay resilient, supported by long-term demand and absolute land shortage.”
Most patrons wanting a slice of riverfront should accept an condominium. This one on Queen St went for $2.175m
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The provision pipeline for true riverfront remained constrained, with rising building prices and funding hurdles slowing venture timelines.
New inventory would largely be delivered through capital-intensive infill redevelopment, together with large-scale condominium initiatives at Newstead and Bulimba Barracks.
“With Brisbane home costs up strongly over 2025 and town monitoring in the direction of the 2032 Olympic Video games, the underlying drivers of status riverfront demand stay in place: interstate migration, upgrading native households, and high-net-worth patrons consolidating in scarce absolute frontage,” Mr Hackett mentioned.
This three-bedroom, two-bathroom property lately offered at Kenmore
