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Apartment Sales Success in Maroochydore’s New CBD

Apartment Sales

The first residential project in the new Maroochydore CBD precinct, Market Lane Residences, has sold an overwhelming 85 per cent of apartment sales within the first tower since its early September launch.

Habitat Development Group director Cleighton Clark said he was confident that the first tower would now be sold out prior to Christmas.

“We’ve been surprised by the number of local buyers who appear to have gone to lot of effort to educate themselves on the local property market and the benefits of owning property within the emerging new Maroochydore CBD ,” Clark said.

“We’re delivering a highly affordable, quality product to the market—the size of the apartments and their inclusions have really impressed buyers who have ranged from professional singles and couples to retirees and even some first homeowners who are taking advantage of the generous government grants which are currently on offer at the moment.

Apartment Sales

The $83 million project is located at the Mundoo Boulevard entrance to the new CBD.

“The popularity of Market Lane Residences supports our view that the new Maroochydore CBD is an exciting precinct and has a very positive future from both a residential and commercial point of view,” Clark said.

Clark said tower one included 65 two- and three-bedroom apartments including five penthouses of which three have already sold.

“Due to the launch success of Tower 1, we’re pushing ahead with the launch of Tower 2 ahead of schedule in late-November.

“It’s full steam ahead onsite and with a height of 65 metres, we have one of the tallest cranes on the Coast operating on site and our construction team are working towards completing the first tower in January 2022.”

 

The post “Apartment Sales Success in Maroochydore’s New CBD” by Partner Content appeared first on the theurbandeveloper.com Blog

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Brisbane

Yeronga trophy home fronting the Brisbane River listed

Brisbane River

A riverfront Yeronga, Queensland trophy home has been listed without a price guide.

The five bedroom, five bathroom abode is being marketed by Heath Williams and Nick Hurwood of Place.

Situated at 363 Brisbane Corso, the tri-level home fronts the Brisbane River.

Set on 916 sqm, it features two swimming pools and a private boat pontoon.

Other features include full-height stacked glass sliding doors opening out to a covered balcony which capture sweeping Brisbane River views as well as a ground-level rumpus or games room equipped with a bar, a projector and a linked balcony.

It is located seven kilometres from the CBD.

 

The post “Yeronga trophy home fronting the Brisbane River listed” appeared first on the propertyobserver.com.au Blog

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Brisbane

Brisbane houses solid but inner-city unit market oversupplied: RiskWise

Brisbane houses

The impact of COVID-19 on the property market is greatly varied across this large state.

COVID-19 has significantly increased the unemployment rate in Queensland with a greater impact on regional areas, particularly those with a heavy reliance on tourism. As of August 2020, the unemployment rate was 7.5 per cent.

The sustained period of the border closure between Queensland and other states has been a contributing factor to the already substantial impact of COVID-19. This is due to the strong connection between Queensland and New South Wales and, to a lesser extent, Victoria.

COVID-19 has helped strengthen ‘work from home’ opportunities, meaning owner-occupiers can take advantage of ‘lifestyle’ prospects instead of being tied to employment hubs.

Before COVID-19 hit, there was already a strong trend of sea- and tree-change homebuyers looking for the best of all worlds – lifestyle, accessibility to employment hubs and affordable housing.

In Queensland, the areas that attract those lifestyle buyers include the Gold Coast and Sunshine Coast.

Beachside suburbs especially outperform the market as they offer fantastic lifestyle opportunities.

However, while solid house price growth may be experienced in Brisbane, the inner-city unit market remains oversupplied and, therefore, high risk.

 

The post “Brisbane houses solid but inner-city unit market oversupplied: RiskWise” appeared first on the propertyobserver.com.au Blog

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Market Place

Whitsundays prestige market strong amid COVID uncertainty: HTW

prestige market
The high end market in the Whitsundays is performing well despite COVID and what’s happening in other areas of Australia, with lifestyle properties being sought after, according to the November report from valuation firm Herron Todd White.
HTW found that rural residential lifestyle properties are being snapped up with sales ranging from $800,000 to over $1 million.
Properties with ocean views or frontage are also being snapped up along with vacant lots in similar locations.
“There have also been two sales in the prestige unit market, both selling for over $800,000,” the Queensland-based Herron Todd White valuer Noelene Spurway said.
“We expect that once the borders are open, lifestyle properties will continue to move as the lifestyle in the Whitsundays is second to none.”
Spurway did however jest that she is maybe just a little biased.
The post “Whitsundays prestige market strong amid COVID uncertainty: HTW” appeared first on the propertyobserver.com.au Blog
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