Providence at Ripley Valley Source: Supplied
AFFORDABILITY has underpinned growing demand for new land in Ipswich with developer AMEX Corporation releasing more lots.
As a result of the continued strength of the Ipswich land market, the group has released a new stage in its Horizons precinct of the Providence South Ripley master-planned community.
The eight lots are priced from $200,700 and range in size from 350sq m to 448sq m.
Providence project director Michael Khan said their confidence in the area was backed by research by Oliver Hume, which revealed the Ipswich local government area had the strongest growth of any market in southeast Queensland for new land.
In the three months to the end of September, Ipswich’s average price for the new land was up 3 per cent compared with the June quarter to an average of $198,950.
The number of new land sales increased during the quarter by 25 per cent with a total of 637 sales.
Mr Khan said the relative affordability of the Ipswich and Ripley Valley area, particularly when compared to interstate markets, continued to drive demand for new land in the area.
“Value for money remains one of the most important factors for buyers and maximising every dollar when it comes to the location and access to amenities is extremely important,” he said.
The latest release in Horizon is close to the planned town centre area and district park.
The entire Horizon precinct has 280 lots, two parks, the planned Providence Town Centre and a future Prep to Year 12 school.
The $60 million Horizon precinct sits within the $1.2 billion Providence project which is a masterplanned community in the Ripley Valley growth corridor.
Oliver Hume Queensland general manager Matt Barr said the Ripley Valley was popular because it was close to major job nodes in Ipswich, Amberley and Springfield.
He said during the next decade hundreds of people would move into the area every month and he tipped that to continue for some time.
Originally published: www.news.com.au
Why investors snap up apartments in Aria Property Group’s Brisbane apartment developments
Aria Property Group have pushed the envelope not only on sustainability but value at their newest tower, Trellis in South Brisbane
Aria Property Group always have a steady stream of interest from off the plan investors in their Brisbane apartment developments.
Investors who bought in to one of Aria’s most recently completed developments, The Standard, Aria, located in the heart of the Fish Lane arts precinct, saw great success.
Those who bought pre-completion have secured resales between 10 per cent and 38 per cent more than what they paid. Owner-occupiers showed the greatest keenness on the resales.
The investors who decided to hold on to their apartments are seeing strong 5.48 per cent rental yields throughout the building.
Aria’s latest development, Trellis, also in South Brisbane, is also expected to be a hit with investors.
The 12-story building with 110 apartments is Aria’s most sustainable yet, with 60 percent of the building covered in greenery of some variety. It will feature trellises within which improve biodiversity, as well as solar technology and even Tesla batteries and charging stations.
There’s over 1,000 sqm of recreational amenity space, including the Temple of Wellness on the ground floor and the Residents’ Rooftop Club on level 13. That features magnesium baths and an infinity pool with views across Brisbane. Amenity is also high on the priority list for tenants.
Apartments in Trellis start from $739,000 for a two-bedroom, two-bathroom apartment. Three-bedroom apartments are priced from $1,084,000 to $1,224,000.
Completion is forecast for mid-2023.
The Brisbane apartment market has continued to show strength over 2021, after a resilient 2020 in the wake of the pandemic.
Research from property data firm CoreLogic showed Brisbane apartment values rose 0.6 per cent over September, triple the growth of apartments in Melbourne.
At the end of 2020, the median apartment value in Brisbane was at a yearly high of $390,000. Now it’s $430,000.
Unit rental prices have also seen steady growth in 2021, up 3.5 per cent over the past 12 months.
This growth trend is expected to continue, backed in large part by billions of dollars in investment from both private and public sectors as part of the pipeline for the 2032 Olympics.
Article Source: www.urban.com.au
Cube Developments lodge plans for Alexandra Headland apartment project, Harmony
The Sunshine Coast developer, Cube Developments, has lodged plans for its latest coastal development, dubbed Harmony.
Cube, led by director Scott Juniper, is seeking to create a resort-style apartment development in Alexandra Headland, tabling plans to the Sunshine Coast Council for three seven-level buildings at 8 Mari Street, which will home 109 apartments.
Modulus Architects has drawn up the plans which will be centred around a swimming pool and set in landscaping by FORM Landscape Architects.
There will be just two and three-bedroom apartments,
Modulus advise in their design statement that the apartments have been designed with sub-tropical Queensland living in mind; providing expansive living zones opening out to external balconies, whilst offering zones for relaxation and privacy.
“Nestled amongst the trees, the sculptural form of Harmony rises above the treetops to encompass the panoramic view of the Pacific Ocean.
“External balconies are wrapped and enveloped by a sculptural exo-skeleton reminiscent of the internal structures of marine elements such as coral and shells.”
Harmony will be Cube’s second development in Alexandra Headland after Beach Life, at 120 Alexandra Parade, which sold out all of its 55 apartments.
Cube recently secured a sell-out of their Mooloolaba development, Picasso, and currently have in market Seasons Birtinya.
Article Source: www.urban.com.au
MVGS secure sell-out of The Tally, Palm Beach apartments
The Tally, just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group
The Gold Coast apartment market is continuing its bull run of sell-outs.
The latest comes from Palm Beach, where The Tally, the 45-apartment development on Twenty-Eighth Avenue, sold out in under three months.
The marketing began in mid-July, where half of the apartments were accounted for in less than two weeks through KM Sales and Marketing agents Todd Matheson and Chez Fraser.
Matheson says around 70 per cent of apartments went to locals.
“It was a huge success, with big pricing per square metre bettering anything else that side of the Gold Coast Highway”, Matheson added.
The Tally, to the western side of the Gold Coast Highway but still just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group.
They had BDA Architecture design the nine-level building, which in their design statement said was inspired by the natural landforms of Burleigh Headland and Tallebudgera Creek, the fluid movements of waves, and the subtle curves of the creek.
“The architectural form and colour tones pay homage to the local context and history,” the statement read.
A raft of first home buyers hit the enquiry submission early in the marketing campaign, with the one-bedroom apartments priced from $450,000, which included a car space Unsurprisingly, they were the first to be snapped up.
MVGS recently developed Canopy, a similar development of 49 apartments also designed by BDA, nearby at 3-7 Twenty Fourth Avenue.
A number of the buyers in The Tally came from Canopy.
Article Source: www.urban.com.au
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