Industrial site to $11m luxe sale: Buyer sets off-the-plan South Brisbane record

Renders of The Riversdale, South Brisbane South Brisbane’s off-the-plan record for apartments is believed to have been smashed after a buyer combined two units for $11 million. The eyewatering sale was secured in Mosaic Property Group’s The Riversdale project at 91 Montague Rd, and is understood to be the highest price ever paid for an apartment in South Brisbane, smashing the previous record of $7.75 million for 3002/66 Hope Street in July last year. The Riversdale, South Brisbane It also surpasses the suburb’s off-the-plan record of $7.25 million paid for a 4-bedroom, 3-bathroom apartment at 2901/66 Hope Street set in August 2025. The Riversdale sale saw the buyer combine two units to create a grand 394sq m, 4-bedroom, 4.5 bathroom home. The Riversdale, South Brisbane “At $11 million, this sale follows the $11.78 million penthouse transaction achieved at The Bedford last year and reflects the confidence buyers have in the calibre of homes we’re delivering,” Mosaic foundre and managing director Brook Monahan said. “The significance of this result extends beyond the sale itself. “It reinforces a conviction we’ve held for many years that this former industrial stretch at the norther...