Prolific developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured an $11.6 million sale in its recently launched Lower North Shore apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a>.

A family from the Upper North Shore, with three children studying at university, amalgamated two residences to create a 333 sqm spread on the 21st level of the Crows Nest building that is currently under construction.

The apartment will now have four bedrooms, two living areas, and a dedicated study, delivering the scale and functionality typically associated with a freestanding family home.

The apartment will have a&nbsp;50-metre frontage, offering uninterrupted, never-to-be-built-out views stretching across the Sydney Harbour Bridge, Barangaroo, Sydney Harbour and through to the Heads.

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Deicorp Founder Fouad Deiri OAM said the amalgamated residence shows a clear shift in buyer preferences, particularly among downsizers and family owner-occupiers.

“We’re seeing strong demand from buyers who still want space, separation and flexibility, but without the maintenance and travel time that comes with a large suburban home," Deiri said.

"This residence shows how apartment living can genuinely replace a house when it’s designed with scale, outlook and liveability in mind."

Designed for entertaining and everyday family living, the residence will feature a statement kitchen with a butler’s pantry, expansive living and dining zones, and an outdoor barbecue and entertaining setting, all framed by panoramic harbour views.&nbsp;

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Positioned just a five-minute walk from the new <a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> Metro station, Falcon &amp; Alexander is conceived as a vertical village, with residences arranged around a central atrium and shared gardens, alongside premium resident amenities and boutique retail and dining at ground level. The project will also include a boutique 100-room hotel.

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, the project will deliver 188 apartments. One-, two- and three-bedroom apartments are available, starting from $1.3 million.

Construction is currently underway and is scheduled to be completed in 2028.

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Joel Robinson

Deicorp secures $11.6 million sale at Falcon & Alexander, Crows Nest

<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> recently welcomed residents into Uno and Duo, marking the completion of the penultimate stage of its $1.2 billion West Village precinct in Brisbane's West End.

There are only two opportunities remaining in the two-tower stage known as The Allere Collection. Duo is fully sold out, but two penthouses have just been released in the sister tower Uno.

The sprawling penthouses, measuring upward of nearly 350 sqm, have been designed by renowned architecture firm Rothelowman to focus on multi-generational living. One penthouse has four bedrooms, the other five, as well as several living areas. A second entry to the apartments make them ideal for those with several generations living under one roof, allowing for greater independence and flexibility within the same home, an increasingly sought-after feature among extended families looking to remain connected without compromising privacy.

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Built by&nbsp;<a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, one of the best in the construction game, Duo forms part of a connected, pet-friendly vertical community that brings together two architecturally aligned towers with shared rooftop amenity.

Rothelowman Principal Jeff Brown previously described the design philosophy as centred on connection.

“When thinking of ways to nourish a soul one needs connection to self, to nature and to community,” Brown said.

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That ethos is expressed through Duo’s rooftop offering, which includes a pool and heated spa framed by mature planting, a private dining room and residents’ lounge, and BBQ facilities. On the lower levels, residents have access to&nbsp;work-from-home spaces, a workshop, and a pet parlour.

The rooftop captures views across the Brisbane River and back toward the city skyline, positioning it as both a retreat and a social anchor for residents.

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Owners in Duo also have access to Uno’s rooftop amenities, effectively doubling the shared facilities within the community. At Uno, residents can use a second rooftop pool, additional private dining and entertaining areas, a teppanyaki grill, and the Paw Pavilion, an off-leash space designed for residents’ dogs. The reciprocal access reinforces the project’s “vertical neighbourhood” model, where common areas are intended to extend the footprint of each apartment.

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The Allere Collection sits within West Village, a 2.6-hectare mixed-use precinct just 800 metres from the Brisbane CBD. Delivered progressively since 2016 on the former Peters Ice Cream factory site, the masterplan now integrates heritage buildings, retail and dining, health and wellness providers, and open green space into an established inner-west address.

Sekisui has released the final stage of the development, Callista on Park, set to be completed in Q2 next year. With the first release now 95 per cent sold out, limited large-scale three- and four-bedroom residences remain, priced from $2.6 million.

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Allere Collection residents move in as multi-award winning West Village enters its final chapter

Construction is underway at <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a>, the boutique residential development by <a>Excelon Projects</a> on Stephen Street in Yarraville, following the appointment of <a href="https://www.apartments.com.au/builders/balmain-co">Balmain &amp; Co</a> as builder.

The milestone marks a significant step forward for the 53-residence project, designed by <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees Architects</a> with landscape architecture by Simone Bliss Landscape Architects, conceived around a strong focus on community, craftsmanship and connection to nature.

<a href="https://www.apartments.com.au/developers/excelon-projects">Excelon Projects</a>’ vision brings together 41 one, two and three-bedroom apartments and 12 townhomes arranged around a central landscaped garden, prioritising liveability in a low-rise, low-density format.

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Open-air corridors, a light-filled lobby and generous setbacks are intended to enhance day-to-day comfort while reinforcing the development’s community-oriented design approach.

Car parking has been located underground to prioritise shared green space and pedestrian movement through the site, allowing the landscaped garden to form the central organising element of the development.

Interiors incorporate custom pieces by Melbourne makers including leadlight pendants by Adadaz, hand-turned timber door handles by Auburn Woodturning, and blown-glass lighting by Ruth Allen, embedding a layer of local craftsmanship throughout the homes.

[smartcode_project:default project_id=144913 project_image_fid=297736]

Sustainability has also informed the design approach, with Yarraville Green targeting an average 7-star NatHERS energy rating. Passive design measures such as cross-ventilation and thermal mass aim to reduce reliance on mechanical heating and cooling, while rooftop solar panels will supply power to common areas and harvested rainwater will be reused for landscape irrigation.

Positioned along the quiet, tree-lined Stephen Street, Yarraville Green sits between Yarraville and Seddon villages, placing residents within walking distance of cafés, dining, boutique retail and the Sun Theatre.

Seddon Station is also a short walk away, ideal for residents seeking an inner-west address with strong amenity and transport connections.

Completion of Yarraville Green is anticipated in 2027.

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Balmain & Co appointed builder as construction begins at Excelon Projects’ Yarraville Green

A long-stalled Mermaid Beach development site opposite Pacific Fair, previously earmarked for a twin-tower project, is set for a fresh development push with plans for a major mixed-use residential tower.&nbsp;

Billionaire garbo Ian Malouf's development company, REMI Residences, is proposing Project Elegance, a 44-storey tower with over 270 residential apartments and 88 short-term accomodation units at&nbsp;2065 Gold Coast Highway, Mermaid Beach, on the corner of Mermaid Avenue.

Malouf paid $23.76 million for the 3,783 sqm site in 2022, six years after it traded for $34.1 million when it was bought by Hubei United Investment Group.

 
<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="" data-entity-uuid="" data-widget="image" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20podium.png?VersionId=yRYSSPItvCA5ZeQ49LlwkQYVn7OhEqIC" /><img alt="" data-entity-type="" data-entity-uuid="" draggable="true" height="15" role="presentation" src="data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==" title="Click and drag to move" width="15" />

&nbsp;

The design statement by DKO says Project Elegance "represents a holistic response to its coastal and urban context. It draws upon site, climate, and landscape to create a composed architectural outcome that prioritises occupant experience, public interface, and long-term viability via vibrant and active uses."

They say the subject site&nbsp;occupies a distinctive island parcel with three street frontages and prominent visual exposure to passing visitors.

"This unique position allows the development to form a panoramic dialogue with water and city, setting the foundation for a climate-responsive, site-specific architectural expression.&nbsp;The podium base, inspired by the region’s sandstone headlands and coastal setting, and adopts a sculpted and grounded character that provides a stable counterpoint to the slender tower above."

&nbsp;

<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="file" data-entity-uuid="4f088e10-6493-49d4-83cd-10fc039318ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20tower.png?VersionId=Sbglj0tNBqyvY5V_DlVH.bvjXi8kBbfl" />

Residents and guests would have access to multiple communal recreation levels. Plans include a shared recreation deck on level six, with a pool and three padel courts. There will be a residential-only pool on level seven, and an upper-level communal space only accessible by those buyers towards the top of the tower.

&nbsp;

Ground-floor commercial spaces are proposed to operate between 5am and midnight, contributing to an activated street frontage along the busy Gold Coast Highway corridor.

The site sits within the High Density Residential zone and a Light Rail Urban Renewal Area, where planning policy encourages higher-density development close to transport infrastructure and services. The planning report states the project aims to “ensure the efficient reuse of this centrally located property” and support the transformation of inner-city areas into “more vibrant, compact, interesting, connected and active” precincts.

&nbsp;

The proposal marks the latest attempt to unlock the high-profile parcel, which previously carried approval for the “Elegance” twin-tower development, a project that included more than 500 apartments but ultimately stalled after sales activity ceased in 2019.

REMI Developments has been increasingly active in the Gold Coast property market, with the Malouf-led group positioning itself around premium residential and lifestyle-focused projects as the region continues to attract both interstate buyers and international interest.

Malouf is one of Australia's most impressive entrepreneurs, having sold his waste business fore more than $500 million, having started only with a small truck at 18 years old.

First Look: Billionaire Ian Malouf plans Mermaid Beach tower

A State Significant Development proposal from Ecove Group could see two high-rise residential towers developed above an ALDI-anchored retail podium in Gordon.

The 28-storey towers, dubbed Eight 10, would become the tallest in the sleepy Upper North Shore suburb, which has been stirred by changes to the Low to Mid-Rise Housing Policy aimed at triggering greater density around transport hubs.

Ecove Group’s plans for 810 Pacific Highway, a 2,357 sqm site around 400 metres from Gordon railway station, include 180 apartments, 39 of which would be dedicated as affordable housing.

Architecture firm PBD said in its Design Report the site "presents an exciting opportunity to positively contributes to the surrounding context, enhances the overall urban experience."

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="e50141fa-fb0b-44b3-bf9b-c6d87b993c3b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20podium.png?VersionId=YTgQPBxNnmQwr6x2AJSpVZ1COqa.9oLQ" />

The site previously received approval for a development comprising 56 apartments above retail in 2018.

PBD noted in its report that the planning&nbsp;context for the site has "evolved significantly since the original consent was issued."

In April 2024, the Department of Planning, Housing and Infrastructure (DPHI) identified the site as being located within a Transport Oriented Development (TOD) precinct. In parallel, Ku-ring-gai Council progressed a preferred planning framework for Gordon Town Centre, including proposed amendments to the Ku-ring-gai Local Environmental Plan 2015 (KLEP 2015).

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="cf65fb26-a163-41ea-a4d3-8ddbeabd67e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20MAP.png?VersionId=vrQJzXSg3xRH.APBmtth5mA2adPmUPjc" />

PBD said the proposed development "responds to the amended KLEP 2015 and, in addition, seeks to utilise the floor space ratio and height incentives available under Chapter 2, Part 2, Division 1 of the State Environmental Planning Policy (Housing) 2021."

Late last year the first project in Gordon through the NSW Government's Housing Delivery Authority was approved. That was for 106 apartments across two connected seven to eight-storey buildings.

Ecove plans 28-storey apartment towers in Gordon

Bowen Hills

Arden Group's Panorama apartments in Bowen Hills have reached their final release, offering buyers the opportunity to secure their dream homes in an architecturally-designed development.

Boasting a prime location just two kilometres from the CBD and a mere 10-minute drive to the airport, Panorama offers an unparalleled living experience with its exceptional features and convenient access to Brisbane's vibrant lifestyle destinations.

The completed apartments feature a choice of one-bedroom plus a multipurpose room or&nbsp; two-bedrooms, catering to a variety of needs and preferences. With varying floor plans available, buyers can find the perfect layout to suit their lifestyle.

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The apartments have been designed with superior finishes, including ducted air conditioning, Bosch appliances, timber tile floors, stone benchtops, intercoms, and double-glazed glass windows and doors, ensuring a high level of comfort and luxury.

One of the standout features of Panorama is its breathtaking panoramic views of Brisbane. The development's Skydeck on level 26 offers residents a chance to soak in the beauty of the city with its unobstructed vistas of the Brisbane River and the city skyline. This outdoor oasis also includes an outdoor movie screen, a rooftop bar and dining area, and multiple barbecue areas.

There's also a fully equipped gym available for residents, along with a 30-metre lap pool, a sauna, a zen garden and day beds.

Panorama's location ensures excellent connectivity, with the Bowen Hills Train Station just a short stroll away. With only two stops to the CBD, residents can enjoy the convenience of seamless transportation. Additionally, the RBWH Bus Interchange and Hospital Facilities are within a five-minute walk, making it an ideal location for healthcare professionals or those seeking medical services.

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Beyond the development itself, Panorama is surrounded by Brisbane's prime lifestyle destinations. The Gasworks precinct, James Street precinct, and the King Street dining precinct are all within easy reach, offering a multitude of dining, shopping, and entertainment options. Whether residents are seeking a vibrant night out or a leisurely weekend brunch, they are just moments away from some of the city's most sought-after destinations.

Panorama also offers an on-site Property Manager, ensuring that residents receive excellent service and support. With a proven track record of 0 per cent vacancy rates, owners can expect immediate returns, with rental payments made on a weekly basis.

For those looking to invest or find their dream home in Brisbane, Panorama presents an exceptional opportunity. With its completed apartments ready for purchase, buyers can secure their piece of elevated living in this remarkable development. Prices start from $440,000 for a one-bedroom plus MPR and car, and $570,000 for a two-bedroom apartment.

[smartcode_project_cta:default project_id=7711]

The apartments have been designed with superior finishes, including ducted air conditioning, Bosch appliances, timber tile floors, stone benchtops, intercoms, and double-glazed glass windows and doors

alisonwarters@gmail.com

Panorama apartments delivers ready-to-move-in-option to Bowen Hills

The recently completed Bowen Hills apartment development, Panorama, is the latest offering from the national developer Arden Group.

Located on the popular Mayne Road, Panorama is anchored by five retail outlets on the street level, providing the ultimate convenience.

Urban has taken a look at the top four selling points of the new project.

1. Affo​rdable apartments

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Panorama, made up of&nbsp;256 one and two-bedroom apartments over 25 levels, is more than&nbsp;competitively priced when put next&nbsp;to comparable apartment developments in Brisbane.

Suited to both investors and owner-occupiers, apartments start from an affordable price of $299,000 for a one-bedroom, one-bathroom apartment, and just&nbsp;$465,000 for a two-bedroom, two-bathroom unit.

Vacancy rates in Bowen Hills are 50% less than Brisbane city, showcasing the investment opportunities that the suburb presents to buyers.

2. Desirable location

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Just over 2 kilometres from the Brisbane CBD and less than 10 minutes&rsquo; walk to some of Brisbane&rsquo;s best retail, commercial and employment hot spots, Panorama is in a desirable location.

The 27-storey building is ideally situated in an area that is experiencing continuous expansion and gentrification.

&ldquo;With the introduction of new lifestyle developments, it is an area that presents a truly unique opportunity&rdquo;, the project marketing reads.

The development is located 200-metres from Bowen Hills train station, and just a 10-minutes ride to the Brisbane airport.

Leading schools and universities are also within close proximity, as well as the $2.9 billion RNA Showgrounds urban renewal precinct, which is still underway.

3. Architecture-designed interiors

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Designed by Arqus Design, a multi-disciplinary architectural practice, Panorama features well-proportioned floorplans which feature sleek interiors and open-plan living space.

Ideal for entertaining, the home boasts views towards the Brisbane River, Moreton Bay and Islands to Mount Coot-tha.

Boasting the finest quality and style, all apartments are spaciously designed with wide balconies, good natural light and ventilation.

Bathrooms include feature tiling and contemporary vanities, while residences also include built-in robes, timber flooring and Bosch appliances.

4. Extensive amenities

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Panorama has been designed to suit the living aspirations of its intended residents, with an extensive list of amenities on offer at the Bowen Hills development.

On the ground level, Panorama provides residents with convenient retail services in a boutique tree-lined laneway, while on level five, the Panorama Retreat features an exclusive resort level for residents to relax.

This floor includes a lap pool with adjoining plunge pool, Zen garden, a landscaped north-facing &lsquo;quiet zone,&rsquo; barbecue, entertainment terrace, gym facilities and sauna.

Level 26 also boasts the Panorama Skydeck with private nooks, cinema, bar and kitchen.

[smartcode_project_cta: project_id=7711]

Designed to suit the elevated lifestyle of its resident, the building is situated in an enviable location on Mayne Road. 

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Four top selling points of the $299,000 Bowen Hills apartments, Panorama

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The gambling company Ladbrokes has become a lessor in Bowen Hills, Brisbane.
It has committed to a 10-year lease for 3,250 square metres over Levels 1 and 2 at 25 Montpelier Road.
Industry sources said the space would fetch $565-$575 square metres gross.
With 25 Montpelier Road fully leased, the property will be shortly listed for sale with a WALE of six years.
The A-Grade building is located within the hub of the trend-setting Gasworks Precinct.
Completed in 2011, the 4-star Green Star Rated Asset has one of the largest floor plates in the city fringe.
It sits across the road from the Fortitude Valley Homemaker Centre, 250 metres from the Gasworks Retail and Restaurant Precinct and 500 metres from Bowen Hills Train Station.
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Gambling agency Ladbrokes secures Bowen Hills tenancy

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National bike giant 99 Bikes has spent $5.5 million buying two adjoining properties in Brisbane's Bowen Hills.
They're set to consolidate two existing stores in to the one property at 62-66 Abbotsford Road. 
Savills agents Gregory Woods and Daniel Pepper negotiated the deal, with 111 enquiries received throughout the campaign.
The new superstore is in replacement of the previous stores located in Fortitude Valley and Windsor, and will also house administration, logistics and warehousing needs for the business. 
Woods said the building size and location was ideal for the retailer, with the high level of exposure a major draw card. 
“We had originally taken the property next door to market, with 99 Bikes inspecting the facility, however they expressed a need for a larger space.  
“Fortunately, the seller also owned some adjoining properties which is what prompted the sale of 62-66 Abbotsford off- market,” Mr Woods said. 
The properties are situated on a total 2,028sq m site, achieving a rate of $3,309 per square meter by total building area of 1,662sq m. 
Pepper said owner occupiers continue to be attracted to Bowen Hills, due to its underlying land value and future development potential.  
“Evidenced by the significant enquiry we received throughout the campaign, we are seeing an increased interest in Bowen Hills due to the significant price disparity between neighbouring suburbs such as Newstead,” Mr Pepper said. 
Managing Director of 99 Bikes, Matt Turner, said the new store is set to open on Thursday 20 June 2019, with the online warehouse up and running from the new location now. 
“When the store opens there will be an extended range with express click and collect from the online store,” Mr Turner said. 
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Savills sell two Bowen Hills, Brisbane properties to 99 Bikes

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Cintra House in Brisbane's Bowen Hills has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-qld-bowen+hills-126758726" target="_blank">Boyd Street home</a> was built in 1863 by architect Benjamin Backhouse and was once the home to former Queensland premier Boyd Dunlop Morehead.
The six bedroom sandstone home, once used as a convent, sits on 3050 sqm and last traded for $2.1 million in 2001.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/30/Cintra2.jpg" alt="">
Set on what's known as known as Heritage Hill, Cintra has 300 degree views to Brisbane City, the river, Hamilton Hill and the Gateway Bridge.
There is a tennis court and tennis house and swimming pool.
Ray White New Farm ​principal Matt Lancashire is marketing the home
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Brisbane's 1860s trophy home Cintra listed for sale

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World champion swimming sisters Bronte and Cate Campbell are selling their apartment in Bowen Hills they lived in together, having both upgraded to their own homes recently.
They're happy to cover their losses on the apartment that cost them $347,500 in 2013.
It's listed at $345,000 through Place New Farm agent Alex Rutherford.
Set in the Skyline Terrace complex, the two bedroom apartment with study nook and balcony is being marketed for investors or first home buyers.
Last year Bronte paid $895,000 for a Queenslander in Cooparoo and earlier this year Cate bought a Morningside home for $890,000.
The sisters were the first Australian siblings on the same Olympic swimming team since the 1972 Olympics.
Cate has won gold in the 2012 and 2016 Summer Olympics, while Bronte, the younger of the two, won gold at Rio in 2016.
This article first appeared in The Weekend Australian. 
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Even the champion Campbell swimmer sisters can't win again the Brisbane apartment tide

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A four bedroom period Bowen Hills house has been sold for $1.475 million making it Brisbane’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-bowen+hills-125858954" target="_blank">31 Cintra Road</a>, the home on the 810 sqm block had been held by the family for around nine decades.
It was sold for the first time since its construction in 1925.
It is situated on a corner block with two street access and is ready for renovation.
Original features are present throughout the property such as high ceilings and timber floors.
There are four bedrooms and two bathrooms along with a formal lounge and separate dining room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/30/31%20Cintra%20Road-2.jpg" alt="">
The kitchen has views and there is also a sitting room with direct access to the backyard.
The spacious veranda has lattice-work timber screens overlooking an expansive backyard.
Other feature includes undercover parking for four cars.
The property has views to Mt Coot-tha and is within walking distance to Gasworks, Emporium and James Street with all their shops, restaurants and public transport.
The property was offered through LJ Hooker agents Brett Greensill and Jermaine Jones.
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Four bedroom period Bowen Hills house sold for $1.475 million

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Named after Sir George Bowen, the first governor of Queensland, Bowen Hills’ The Governor boutique apartment complex is more than 70% sold and is positioning itself as an affordable option in Queensland’s Bowen Hills.
Two kilometres from Brisbane’s CBD, on Bowen Hills’ Brookes Street, the 40-apartment complex includes 20 one-bedroom apartments and 20 two-bedroom apartments, with prices from $384,000 and $557,000 respectively. However, their advertising material suggests that those looking for a penthouse can get in for $430,000. This is the upper end of the one-bedroom price range and has a balcony.
With some boasting views of the city, and each with a maximized north-facing aspect where possible, there will also be a basement area with bicycle amenities and a rooftop lounge. Professional on-site management is also included.
The 12-level development, of which residential spans 10 with car parking on the lower two, offers car parking for the upper level one-bedroom properties and for all of the two-bedroom apartments.  The two-bedroom apartments are around 80 square metres, with one-bedroom apartments around 50 to 60 square metres.
{qtube vid:=niL7p4pHFrs}
Initially launched to the investor market through Rocket Property Group by BlueSky Alternative Thinking, the developers of the group, sales were fairly quick. Currently, 70% of the project is sold.
BlueSky also has developments underway in Townsville, Bundaberg, Brisbane and the Sunshine Coast, and managing director Keiran Foster explains in his presentation to the Rocket Property Group investors that it’s a good time to buy into the market with strength expected over the next six to 12 months.
“In the Brisbane residential market I’m seeing that sales rates are picking up, revenues are starting to move a bit stronger as well, we’re certainly not seeing a full blown property boom as yet. The properties need to be well-located, well-priced, good layouts and then you’ll get buyers looking at them,” he explained, pointing to business opportunities in Brisbane’s CBD, as well as population growth.
Located on the top of a hill in an area that he notes will not flood, evidently a concern to those in the “southern states”, he says they’re targeting the affordable end of the market and not looking to compete with developers building towers in the city.
Completion, mentioned in February, was expected within the next 18 to 20 months, around mid-2015, with expected gross rental yield around 5.5% to 6%.
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