The depth of buyers in Brisbane has finally arrived, but the undersupply of builders is holding the River City back.

So says Kokoda Property managing director Mark Stevens as his firm prepares to start work on its Teneriffe Banks three-tower project comprising 210 apartments, a Kimpton hotel, and 5000sq m of retail, office, food, drink and recreational space on the river.

Speaking at The Urban Developer Brisbane Long Lunch on December 12, Stevens said the market in the Queensland capital had shifted dramatically since he arrived 12 years ago.