One of Australia’s richest women has listed her apartment in Brisbane’s CBD for rent at a time when luxury units are in high demand in the city.
Entrepreneur and career queen Sarina Russo is asking $1,900 a week for a three-bedroom, three-bathroom unit in Riparian Plaza, which she bought for just $389,000 in 2011.
The price of an unfurnished apartment will increase to $2100 a week in April, according to the listing.
Sarina Russo is asking $1900 a week for one of her apartments in the Brisbane CBD. Photo: Lyndon Mechielsen.
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A three-bedroom unit in Riparian Plaza is available for rent for $1900 per week.
For that fee, the tenant will receive superior river views, premium finishes, and access to the building’s amenities, including 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 an employment and training empire, has an extensive property portfolio in Queensland, New South Wales and Victoria. His net worth is estimated at $271m.
Indoor/outdoor pool at 71 Eagle Street, Brisbane City.
But he is partial to units in the Brisbane CBD, with two more at Riparian Plaza, and two he bought last year at the new building 443 Queen St, along with several others.
Russo has recently drawn up plans for a 36-storey residential tower near the Brisbane CBD riverfront, which will have 20 three-bedroom apartments.
It is reserved for a 367sq m site at 457 Adelaide Street which occupies a five-storey commercial building acquired by Russo Custodians in 1999 for $1.25m.
View from the balcony of Sarina Russo’s unit.
Kitchen in unit at 4105/71 Eagle St, Brisbane.
Under the plans, the existing building—the Jamison House—would be demolished to make way for a high-rise apartment tower.
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New data from SQM Research reveals that Brisbane’s residential vacancy rate increased to 1.2% in December – up from 1%.
Taxes rose 1.3 percent in the month, supported by continued population growth and limited new supply.
The facilities at Riparian Plaza are particularly attractive and include a hot tub, sauna, and steam room.
SQM Research’s head of property Sam Tate said that while conditions had eased slightly, Brisbane remained stronger than pre-pandemic levels.
“Although vacancies have increased, they remain below the long-term average, indicating that rental market conditions remain strong,” said Mr Tate.
“Many capital cities experienced some level of relief in December, particularly Sydney and Canberra.
“Importantly, the latest rent data shows new growth entering January, suggesting that the late 2025 softening in rent growth is likely to be temporary. Despite continued increases in rental properties, affordability pressures are expected to continue into 2026.”
