Buyers snapped up the apartment at 2513/179 Alfred St, Fortitude Valley within 30 minutes. Picture: realestate.com.au
A Brisbane city apartment has been snapped up within 30 minutes of hitting the market, netting the vendors $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 hitting the market through Michael Kafantaris and Cody Durante of Place New Farm.
The sellers bought the property in 2024 for $445,000.
Mr Durante said the sale underscored how quickly values were shifting across Brisbane’s inner-city apartment sector.
“This sold unconditionally, sight unseen in half an hour – that’s confidence, not speculation,” he said.
“When quality comes up in a premium inner-city building, buyers aren’t waiting to see how it plays out.”
Inside the apartment at 2513/179 Alfred St, Fortitude Valley. Picture: realestate.com.au
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The latest PropTrack Home Price Index revealed the median Brisbane unit price shot up $125,500 in 2025 to sit at $800,000.
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 moved quickly,” he said.
“They’d been searching for some time and recognised the opportunity immediately.
“Typically, we wouldn’t sell an apartment this quickly to gauge further interest, but an offer like that was highly competitive and the owners didn’t want to pass that up.”
Michael Kafantaris of Place New Farm. Picture: 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 inner city, hesitation now means missing out.”
A recent sale in Windsor further demonstrated the high levels of demand the Brisbane apartment market was experiencing.
The property at 1/14 Ada St, Windsor, attracted 98 groups through the campaign, including 72 groups at the first inspection, and generated a massive 23 offers.
It sold for $845,000 through Nathan Briggs of Place New Farm.
The unit at 1/14 Ada Street, Windsor. Picture: realestate.com.au
“When you’re seeing nearly 100 groups through a campaign and more than 20 offers on an apartment, that tells you demand has well and truly outpaced supply,” Mr Briggs said.
“Buyers are competing hard because they know opportunities like this aren’t lasting.”
Place Advisory’s Damian Hackett said the early-2026 surge reflected a combination of tight inner-city stock levels, strong rental fundamentals and a backlog of buyers who delayed decisions through 2024 and 2025.
“That’s when markets move fast and that’s exactly what we’re seeing now,” he said.
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