One of Australia’s richest women has listed her Brisbane CBD apartment for rent at a time when luxury units are in hot demand in the city.
Entrepreneur and jobs queen Sarina Russo is asking a whopping $1900 a week for the three-bedroom, three-bathroom unit in Riparian Plaza, which she bought for just $389,000 in 2011.
The price for the unfurnished apartment will increase to $2100 per week in April, according to the listing.
Sarina Russo is asking $1900 a week for one of her Brisbane CBD apartments. Photo: Lyndon Mechielsen.
A three-bedroom unit in Riparian Plaza is available for lease for $1900 a week.
For that money, the tenant will get sky-high river views, premium finishes, and access to the building’s amenities, which include an indoor/outdoor pool, spa, sauna, steam room and gym.
Ben Stockwell of Ray White Inner Brisbane Apartment Leasing is advertising the listing for inspection by appointment only.
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Russo, a high-profile businesswoman who heads up an employment and training empire, has an extensive property portfolio across Queensland, New South Wales and Victoria. Her net worth was last estimated at $271m.
The indoor/outdoor pool at 71 Eagle Street, Brisbane City.
But she’s particularly partial to Brisbane CBD units, owning another two in Riparian Plaza, along with two she bought last year in the new 443 Queen St building, and several others.
Russo recently pitched plans for a 36-storey residential tower along the Brisbane CBD riverfront, which would comprise 20 three-bedroom apartments.
It is earmarked for a 367sq m site at 457 Adelaide Street occupied by a five-storey commercial building that Russo Custodians acquired in 1999 for $1.25m.
The view from the balcony of Sarina Russo’s unit.
The kitchen in the unit at 4105/71 Eagle St, Brisbane.
Under the plans, the existing building—Jamison House—would be demolished to make way for the high-end apartment tower.
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New data from SQM Research reveals Brisbane’s residential vacancy rate increased to 1.2 per cent in December — up from 1 per cent.
Rents rose 1.3 per cent for the month, supported by sustained population growth and limited new supply.
The amenities in Riparian Plaza are particularly enticing and include a hot tub, sauna, and steam room.
SQM Research head of property Sam Tate said while conditions had eased slightly, Brisbane remained tighter than pre-pandemic levels.
“While vacancies have risen, they remain well below long-term averages, indicating that underlying rental market conditions are still tight,” Mr Tate said
“Most capital cities experienced some degree of easing in December, particularly Sydney and Canberra.
“Importantly, the latest rent data shows renewed upward momentum entering January, suggesting the late-2025 softening in rental growth is likely to be temporary. Without a sustained increase in new rental supply, affordability pressures are expected to persist into 2026.”
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