30-minute apartment sales highlight rising buyer demand – realestate.com.au

A Brisbane city apartment was snapped up within 30 minutes of hitting the market, giving the sellers a $205,000 profit from just two years of ownership.

The one-bedroom apartment at 2513/179 Alfred St, Fortitude Valley, in the FV by Peppers Flatiron building, sold for $650,000 shortly after it hit the market through Michael Kafantaris and Cody Durante of Place New Farm.

The sellers purchased the property in 2024 for $445,000.

Mr Durante said the sale highlighted how quickly values ​​were shifting in Brisbane’s inner-city apartment sector.

“This was sold unconditionally, sight unseen within half an hour – that’s confidence, not speculation,” he said.

“When quality shines in a premium downtown building, buyers don’t wait to see how it turns out.”

In the apartment at 2513/179 Alfred St, Fortitude Valley. Image: realestate.com.au

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The latest PropTrack Home Price Index shows the average unit price in Brisbane will increase by $125,500 to $800,000 by 2025.

Mr Kafantaris said the speed and certainty of the Alfred St sale reflected a fundamental change in buyer behaviour.

“The buyers called, made an offer and acted quickly,” he says.

“They had been looking for a while and immediately saw the opportunity.

“Normally we would not sell an apartment so quickly to gauge further interest, but such an offer was very competitive and the owners did not want to pass it up.”

Michael Kafantaris from Place New Farm. Image: supplied

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Mr Durante said the sale highlighted how prepared buyers had become.

“These buyers had already done their homework,” he said.

“They knew exactly what they wanted and moved immediately, because in the city center hesitation now means missing out.”

A recent sale in Windsor further demonstrated the high demand the Brisbane apartment market was experiencing.

The property at 1/14 Ada St, Windsor attracted 98 groups during the campaign, including 72 groups on initial inspection, and generated a whopping 23 offers.

It sold for $845,000 through Nathan Briggs of Place New Farm.

The unit at 1/14 Ada Street, Windsor. Image: realestate.com.au

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“If you see almost 100 groups and more than 20 offers for an apartment during a campaign, that means demand far exceeds supply,” Mr Briggs said.

“Buyers compete hard because they know these types of opportunities don’t last.”

Place Advisory’s Damian Hackett said the early 2026 rise reflected a combination of tight inner-city inventory levels, strong rental fundamentals and a backlog of buyers delaying decisions until 2024 and 2025.

“That’s when the markets move quickly and that’s exactly what we’re seeing now,” he said.