Off-the-plan Apartment Sales Surge in South Brisbane

By the Editorial Team · Friday, September 25, 2026

Mosaic has sold around 140 off-the-plan apartments at The Riversdale in South Brisbane, raising approximately $450 million within three months of launch. Scheduled for completion in late 2029, the luxury 39-level development targets high-end buyers with spacious residences and extensive amenities overlooking the Brisbane River and city skyline.

Sales of off-the-plan apartments at The Riversdale, Mosaic’s latest development in South Brisbane, have shown strong momentum, with approximately 140 units sold in the first three months since launching. This represents 65 percent of the 213 apartments initially offered, generating around $450 million in sales. Buyers have paid an average of $3.15 million per apartment.

The Riversdale is under construction on a 4,282-square-metre site at 91 Montague Road, a former warehouse property acquired for $30 million in 2025 from Schiavello Property. The development is designed by bureau^proberts and will rise 39 levels, featuring two-, three-, and four-bedroom residences that overlook both the Brisbane River and the city skyline. Apartment sizes range from 109 square metres to 223 square metres, with prices starting at $1.98 million and reaching up to $5.9 million.

Scheduled for completion in late 2029, The Riversdale will offer residents approximately 3,000 square metres of amenities, including a business centre, wellness facilities, as well as a rooftop pool and spa. The project aims to blend luxury living with convenient access to the riverside location, catering to high-end buyers in the Brisbane property market.

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