$650m Queen’s Wharf unit tower set to open its doors to residents

Every home in this inner-city tower sold out in 2020, for a total of $650 million. Now, it’s almost ready for its residents to move in.

Queensland’s fastest-selling residential development will open its doors to homeowners in just a few short months.

Queen’s Wharf Residences — the first of two residential towers in the massive inner-city development — is nearing completion, with residents expected to move in early 2025.

The final tower crane and external hoists have been removed on the 242-metre development, which has 667 apartments across its 64 floors.

The first of two residential towers being made for the Queen’s Wharf precinct, homeowners are expected to move into Queen’s Wharf Residences in early 2025.

667 different units can be found across the entire tower, which has 64 floors and is 242 metres high.

Sales for the project opened and promptly sold out in 2020, with prices ranging between $550k and $4.1 million. Apartments ranged from one to three bedrooms, along with a single penthouse offering that made the $4.1 million sale.

Total sales for Queen’s Wharf Residences amounted to $650 million.

Marketed by YPM Group, managing director Bryce O’Connor said the new development’s amenities and convenient location represented a brand new lifestyle for people in Brisbane.

“With The Star Brisbane now open and the Queen’s Wharf precinct buzzing, we are

thrilled to soon welcome the first residents to this iconic tower,” he said.

Homeowners in Queen’s Wharf Residences will have access to a variety of shared amenities in addition to their rooms, including a pool, gym, private dining and recreational spaces.

The tower is one of the many projects constructed as part of the new Queen’s Wharf Precinct: a $3.6 billion project expected to conclude its long development in 2030.

The second residential tower in the precinct, Queen’s Wharf Tower, has commenced early construction works.

The house is right next to the rest of Queen’s Wharf: a precinct that’s had $3.6 billion placed into its construction.

Queen’s Wharf Residences will be connected to several other buildings in the larger riverside precinct.

The news comes while Brisbane’s CBD apartment sales are concerningly low, according to consultancy firm Urbis’ director Paul Riga.

“In recent research we conducted, Brisbane’s CBD as at the end of June 2024 had no new apartments actively selling,” he said.

Urbis’ Apartment Market Essentials survey said the weighted average sale price for apartments across Inner Brisbane grew 175 per cent over five years, from $757,488 in Q2 2019 to $2,083,038 in Q2 2024.

Shaping South East Queensland’s Regional Plan estimated a need for 7,000 apartments to be built annually between 2021 and 2046 in Brisbane’s LGA – but less than 50 per cent of that target is being delivered each year.

“This scarcity is driven by a slowdown in project launches and rising construction costs,

with many developments unable to move to the construction phase,” Mr Riga said.

Originally published as $650m Queen’s Wharf unit tower set to open its doors to residents