10 August 2026
The Australian 08/08/2026 – Mosaic says more than half the luxury units had sold within two months
Queensland developer Mosaic has sold 134 units off the plan in its forthcoming South Brisbane development, The Riversdale, with buyers paying an average price of $3.15m.
Downsizers and owner-occupiers snapped up 126 units before the 39-level riverfront project went on sale to the public, with the developer noting that more than half the apartments in the luxury 213-unit riverfront development had sold within two months.
Remaining apartments in the tower start from $1.9m for a two-bedroom unit, rising to $6.75m for a three-bedroom unit.
Although four-bedroom apartments are not standard within the design, buyers can amalgamate units to create larger, bespoke apartments. Every apartment has at least one car space as standard, while the majority of three-bedroom homes have up to three car spaces.
Mosaic founder and director Brook Monahan said: “We’ve outperformed the market, because people have been on our database waiting for this opportunity for some time”.
While the latest Urbis data shows the median apartment price growth for Brisbane slowed to just 0.6 per cent in June, down from 1.3 per cent the previous month, demand from downsizers and owner-occupiers, who have accounted for 60 per cent of purchasers, remains strong. Other research outlets noted that Brisbane apartment prices had fallen in the June quarter.
The Riversdale will have two, three and four-bedroom apartments up to 394sqm, and feature almost 3000sqm of six-star hotel-style amenities including a resident concierge, dedicated guest suites, business lounges, private meeting rooms, work-from-home spaces and an exclusive EV fleet available for residents’ use.
Other features include magnesium pools, sauna, steam and infrared experiences, yoga and pilates facilities and a commercial-grade gym.
“[Buyers] are drawn to the cultural amenity, and the ability to walk to everything, but equally they’re seeking a level of quality, space and design integrity that you don’t find in a traditional apartment product,” Mr Monahan said.
The other attraction for buyers is absolute river frontage.
“It is north-facing on the riverbank, and the only site that is at the edge of the riverbank, without public realm in front of it,” Mr Monahan said.
The 2032 Olympic and Paralympic Games are helping drive high-rise development in Brisbane, especially along the riverfront, with the neighbouring Visy glass and Parmalat milk factory set to be redeveloped into apartments, plazas, parklands and riverfront boardwalks over the next 10-15 years.
However, The Riversdale development fronting 91 Montague Road will be completed in 2029.
“We sit as this island site in this amazing future riverfront precinct,” said Mr Monahan, adding that the site was in the heart of Brisbane’s cultural precinct.
“There are very few sites like it remaining in Brisbane, and even fewer that come to market,” he said.
Mosaic has cleared the site, with early stage construction underway.
According to Urbis, just 100 apartments were sold across inner Brisbane in the entire first quarter of 2026 with The Riversdale recording the largest amount of sales of any apartment complex under construction in that time.
