Inside the ultra‑rare riverfront penthouses changing how Brisbane buys luxury

Prestige apartments in Brisbane are more coveted than ever, and buyers are looking to make the most of rare opportunities to live in some of the city’s favourite locations.According to PropTrack’s August 2026 Home Price Index, Brisbane’s median unit price had an annual increase of 10.6%, and an increase of 86.2% over the previous five years.Data from Knight Frank's The Wealth Report 2026 shows that city's ultra-premium apartment market is specifically on the rise, with the report finding that high-end apartment prices increased from a historic ceiling of $9m to more than $15m in past 12 months alone.One up-and-coming suburb is Kangaroo Point, which saw an annual median unit price increase of 14.7% in July 2026.An enclave surrounded on either side by the Brisbane River, the suburb’s CBD proximity and vibrant atmosphere have made it a focus for buyers, especially those looking for rare penthouse-quality homes in the city.Brisbane has seen a surge in premium apartments close to the CBD.The Skye Penthouse CollectionSkye by Pikos is a project setting the standard for luxury residences in Kangaroo Point.With 64 large-scale three-bedroom apartments across three 14-storey buildings, Skye h...