Developer Goldfields has sold 50% of its 130-apartment tower in Milton, Brisbane, with early demand driven by owner-occupiers chasing city-fringe riverside living.  

The 33 Manning apartment tower project, which launched in February 2023, offers one-, two- and three-bedroom apartments set over 18 storeys. 

The inner-west project is located about 2km from the Brisbane CBD and is due to be completed mid-2025. 

Goldfields said the majority of early buyers are owner occupiers seeking value in a city-fringe riverside suburb, access to quality amenities and forward-thinking design.   

Goldfields CEO Lachlan Thompson said demand for 33 Manning had been strong since the launch, as Brisbane continued to battle undersupply and lower vacancy rates. 

“We’re thrilled to see our first built form project in the Brisbane market resonate so well with locals in just four months, but we’re not surprised,” Thompson said.  

“Undersupply of housing across most of the city, combined with explosive population growth throughout 2021 and 2022, laid the foundation for a robust market that continues to outperform many other cities across the country.” 

Queensland’s population was expected to grow by more than 16% by 2032, with Greater Brisbane expected to grow faster than the rest of the state, according to recent federal government data from the Centre for Population cited by Goldfields. 

Thompson said Queensland was leading the way in population growth recovery post-pandemic and Brisbane was preparing to host the 2032 Olympic and Paralympic Games.  

“Although most of the sold apartments have been snapped up by locals who already know and love the area, we’re expecting more interest from interstate and foreign buyers in the future,” Thompson said.  

According to Andrew Scriven, Managing Director of Colliers Residential Queensland, the design and architecture of 33 Manning had been a key driver of interest from buyers, alongside its city-fringe location. 

“There’s no doubt that 33 Manning provides some of the best value in the inner Brisbane market,” Scriven said.  

“A combination of timeless design by award-winning architects, impressive elevation with river, city and mountain views, and the lifestyle it offers close to cafes, restaurants, markets and public transport, makes it a must for both owner occupiers and investors.”