Brisbane Apartment Pipeline

As far as I can tell, these are off-the-plan apartment sales that will be launched this year in Brisbane (larger apartment developments only). I have put in bold those that are in the downtown area.

1. Trilogy Hotel - 192 apartments
   
2. Trilogy Skyhome Apartments - 109 apartments
   
3. Westin Residences (Empire Square) - 104 apartments
   
4. Waters Edge at West End - 220 apartments in the first 2 buildings to be released
   
5. Union at Milton - 213 residential apartments and 127 hotel rooms
   
6. French Quarter - about 70 apartments and 150 hotel rooms
7. Hamilton Harbour - about 250 apartments
   
8. Meriton Tower - 200 serviced apartments plus 200 residential apartments
9. The Mill at Albion
10. Waterfront Newstead - 631 apartments
    

Current off-the-plan buildings being marketed and under construction

1. Vision (400 apartments)
   
2. Iceworks at Paddington (47 apartments)
   
3. Parklands at Sherwood (82 apartments for sale now; 211 apartments planned in total)
   
4. Tennyson Reach (393 apartments)
   
5. SL8 (112 apartments)
   
6. Ciana Indooroopilly (132 apartments)
7. Portside Hamilton
8. Riverpoint West End (280 apartments)
   
9. The Macrossan (42 apartments)
   
10. SW1 (57 apartments)
11. Fresh Toowong (92 apartments)
    

Current completed buildings with unsold apartments

1. Skyline
2. M on Mary
3. Evolution
4. Koko
5. Tempo
6. Flow
7. Vue
8. Aurora Skyhomes
9. Pinnacle Parklands

From recent Collier's reports: "With three new projects bringing only 100 new units to the market in total, we now have our lowest unit supply since March 2004. Based on this quarter’s demand level of 104 units per month, we currently have enough stock in the market to last until May 2008."
"As a result the Dec 07 quarter has closed with 754 units available for sale, translating to 8.9 months of supply based on current demand levels. This supply is not evenly spread however, with the north precinct left with only 2.9 months of supply and the west with only 3.2 months, meaning if current demand levels remain constant both of these precincts will be completely sold out by the end of April 2008, unless new projects are released within these areas."
"Rental unit vacancy rate for Inner Brisbane sits at 1.3%, showing a considerably tighter rental market than the remainder of Brisbane which shows a rental vacancy rate of 2.2%."
See, e..g., http://www.colliersresidential.com/files/research/brisunitreport_dec07.pdf