| Porthole 23 Jan 26

BRISBANE residents are swapping apartments for boats as the cost of housing continues to rise.

Forty-year-old man Jordan Koursaris moved out of his house following his divorce, before deciding he didn’t like apartment life.

He then moved alone onto a 1966 boat he bought for $18,500 called Mary Rose.

The vessel is moored at one of the 76 berths at Kangaroo Point’s Dockside Marina, which costs $1,455 per month, including power and water, Koursaris told the ABC.

He is joined at Dockside Marina by his neighbour, Josh Goodswen, another divorcee, who estimates he is now spending around a third of his previous living expenses.

An average one-bedroom apartment in Kangaroo Point goes for anywhere from $750,000-$800,000.