MOSAIC SECURES $30M RIVERFRONT SITE FOR LANDMARK SOUTH BRISBANE PROJECT
The developer’s most ambitious Brisbane tower to date will anchor new era of riverfront living.
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Mosaic Property Group has made its long-anticipated move into South Brisbane, acquiring a $30 million north-facing riverfront site at 91 Montague Road for what will become its largest project to date, with Stage 1 expected to carry an end value of around $500 million.
The 4,282-square-metre parcel, purchased from the Schiavello Group through Knight Frank’s Christian Sandstrom, commands 35 metres of uninterrupted Brisbane River frontage and sits in the city’s cultural heart, with access to West End and the CBD.
The site adjoins a precinct earmarked for new parkland, housing, and cultural infrastructure, putting the development at the centre of Brisbane’s next wave of riverside regeneration.
Mosaic has begun concept planning with Bureau Proberts for a luxury, owner-occupier-focused tower consistent with its flagship projects across South-East Queensland.
Founder and Managing Director Brook Monahan said the acquisition represented a pivotal step in the company’s growth and its evolution as a leader in the luxury residential market.
“This is one of the most extraordinary opportunities we have ever secured — a once-in-a-generation riverfront site that gives us the platform to deliver something truly transformative for Brisbane,” Monahan said.
He added that Mosaic’s vertically integrated model and disciplined site-selection strategy had been key to maintaining momentum despite industry headwinds.
“Escalating costs, tighter finance, planning complexity and labour shortages are causing many projects to stall or be shelved. Mosaic’s vertically integrated model and disciplined approach — targeting only the most exceptional locations where people genuinely want to live — has enabled us to continue bringing projects to life.”
Founded in 2004 and rebranded in 2012, Mosaic has completed more than 70 projects worth over $2 billion and has another $2 billion pipeline secured. This year alone, the group has delivered five luxury developments totalling $580 million and currently has six active construction sites worth $1.35 billion.
Monahan said Mosaic’s philosophy remained customer-first. “We had to learn to crawl before we could walk — steadily building capability, growing our people, refining our model, investing heavily in our business, and deepening our understanding of what customers truly value.”
The South Brisbane project is scheduled for release in early 2026.
Australia’s housing market defies forecasts as prices surge past pandemic-era benchmarks.
Records keep falling in 2025 as harbourfront, beachfront and blue-chip estates crowd the top of the market.
Australia’s housing market defies forecasts as prices surge past pandemic-era benchmarks.
2 minAustralian house prices are surging again, delivering double-digit annual growth months ahead of schedule.
Nationally, the median house price climbed 1.1 per cent in October to $940,000, lifting annual growth to 10.6 per cent, the first double-digit increase since the 2021–22 property boom.
Market Resilience Surprises Analysts
The acceleration comes earlier than expected, according to Ray White Group Chief Economist Nerida Conisbee, who says the milestone was originally forecast for the end of the year.
“Stronger-than-expected October gains and continued tight supply across most markets have pushed growth ahead of schedule,” Conisbee said. “This shows how resilient demand has remained through spring.”
Perth (+14.8 per cent), Brisbane (+12.5 per cent) and Adelaide (+10.8 per cent) continue to lead the charge among capital cities, while Sydney (+8.6 per cent) and Melbourne (+6.5 per cent) show steady, consistent increases.
Regional Markets Extend Their Lead
Beyond the capitals, regional Australia is powering ahead, particularly in the resource states.
Regional Western Australia jumped 16.4 per cent year-on-year, and regional Queensland followed close behind at 14.5 per cent, as population growth and affordability continue to drive demand.
Units Outperform Houses
Unit prices rose even more sharply in October, up 1.4 per cent to $710,000, marking 9.2 per cent annual growth. Conisbee said affordability pressures, new first home buyer incentives, and a lack of available stock are pushing more buyers into the apartment market.
“Units are now seeing stronger monthly gains than houses, reflecting both affordability constraints and renewed first-home-buyer activity,” she said.
The biggest monthly jumps were in Perth (+1.6 per cent), Adelaide (+1.5 per cent), and Brisbane (+1.4 per cent). Melbourne’s unit market also firmed, up 1.6 per cent, as buyers returned to lower price brackets.
Spring Demand Defies Higher Listings
Despite an influx of spring listings, new stock has failed to match the intensity of buyer demand. Nationally, house prices have now risen every month since February, and unit prices every month since March.
“The pace of growth shows demand hasn’t been dampened by higher supply,” Conisbee said.
Outlook: Steady Growth Into 2026
The data comes as the Reserve Bank prepares for its Melbourne Cup Day meeting, where rates are expected to remain on hold at 3.6 per cent.
With inflation easing only gradually and unemployment sitting around 4.5 per cent, analysts expect monetary policy to stay steady for now.
Ray White’s forecast suggests 2025 will close with high single- to low double-digit annual growth nationally, with smaller capitals and regional areas tipped to outperform well into 2026.
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