Queensland Apartment Pipeline Hits Historic Low
Surging construction costs and ongoing labour shortages are having a big impact on new construction starts in South-East Queensland, resulting in the smallest apartment pipeline in recent memory.
The cost of building apartments increased 14 per cent in the 2025 financial year, forcing an increase in average cost per unit to $713,000. For the first time, the average apartment construction costs in Brisbane have hit the highest point on record, outpacing Sydney and Melbourne.
Apartment sites are also in short supply, according to research from RPM Group.
RPM Queensland director of transactions James Matley said that the constrained supply was creating concentrated interest for parcels of land that do make it to market.
Author's summary: Queensland faces smallest apartment pipeline due to surging costs.