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Brisbane’s Apartment Surge

Demand for apartments is up in Upper Mount Gravatt.BRISBANE APARTMENT SURGE

According to research from Urbis, the suburbs links to education, employment hubs and public transport is creating the appeal.

Off -the-plan apartment activity has increased in Upper Mount Gravatt over the last 12 – 24 months, according to Urbis associate director Paul Riga. This could be due to proximity to key employment nodes, a comprehensive education offer and an abundance of established infrastructure and lifestyle.

“The Upper Mount Gravatt catchment is likely to see continued growth in the investor market spurred by the high proportion of young people residing in the area,” he said.

“Generation Y was attracted to the area’s proximity to Westfield Garden City, Sunnybank, Griffith University’s Nathan and Mt Gravatt campuses, the M1, and the South East Busway.

“This youth demographic will contribute to rental demand in Upper Mount Gravatt and its surrounding catchment, with the downsizer market also potentially a contributor.”

The soon-to-be launched Avion Residences, will comprise 174 two and three-bedroom apartments across two 15-level towers in Cremin Street, which is just a 200m stroll to nearby Westfield Garden City.

 

Article originally published www.propertyobserver 27/5/2016

Gold Coast

DVB Lodges Three-Level Penthouse Plans for Broadbeach Tower

A luxury three-level penthouse will sit atop a proposed DVB Projects’ 26-storey apartment tower in Broadbeach, according to freshly lodged development plans.

The Sydney-based developer lodged an application for the 99-metre residential tower at 2 First Ave and 88 Old Burleigh Road, for an amalgamated 1186sq m site.

Part of the site, which spans 531sq m, was formerly owned by property veteran Kevin Seymour.

DVB Projects, led by managing director Dean Brown, is now at the helm of the luxury project—a Rothelowman-designed tower—with plans lodged to Gold Coast council last week.

The tower will comprise 35 high-end apartments, and includes a five-bedroom penthouse spanning levels 24, 25 and 26, planning documents show.

Brisbane property veteran Kevin Seymour had originally purchased the 2 First Avenue site for $6 million in 2018 with plans for a $32 million Bureau Proberts-designed boutique apartment project.

Seymour’s vision included full-floor apartments that started at $3.35 million. But instead, he offloaded the beachfront property—a two-storey mansion—in May last year for $7.1 million.

DVB then began demolition work in July 2020 on the project, previously flagging plans for a nine-storey development.

Council overlay mapping shows the area does not have a building height limit.

Brown said that the recent project lodgement represents a “significant improvement” on the existing DA due to the acquisition of the adjoining 88 Burleigh Road site, spanning 655sq m, for $6.8 million.

“As DVB Project’s first Gold Coast development, it was critical we sought to establish a building that delivered on the unique expectations of a discerning downsizer market,” Brown said.

DVB is also behind an 11-apartment waterfront development in Brisbane’s inner-city suburb of Bulimba.

Broadbeach

▲ Plans for a 26-storey beachfront apartment tower have been lodged for 1 Second Avenue, and 88 The Esplanade, Broadbeach. Image: Rothelowman.

While the Gold Coast’s southern end has been a hive of development activity, nearby construction work officially started on The Star Entertainment Group’s Tower two plans, a 63-storey tower also located in Broadbeach.

Developer Sunland received council approval this week for its $82 million retail project, located within the 42-hectare Lanes Residences development at Mermaid Waters.

Gold Coast developer Azzura Investments is looking to fast-track its construction program in the first stage of its $2.3 billion Imperial Square development in Southport.

Azzura, headed by Gold Coast developer Robert Badalotti, says it has recorded $22.5 million in sales for the first stage of its Imperial Square project, located on 1.34 hectares at 59-73 Meron Street.

The sales comprise 53 apartments in the $155 million first stage, known as Regal Residences, which spans 145 apartments and 200 hotel suites over 18 levels.

Further south, Todd Mould and Aaron Peel’s Allure Property this month lodged plans for a 17-level tower overlooking the beach at Burleigh Heads.

The development is proposed for an 809sq m site, located at 1 Second Avenue, and 88 The Esplanade.

 

Article Source: theurbandeveloper.com

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Gold Coast

Melbourne’s Smorgon family list Main Beach penthouse

Melbourne

The 1995 apartment was secured for $2.375 million in 2000 when bought by Minnie Smorgon and her late husband Sam.

The Smorgon steel family of Melbourne has listed its penthouse atop the Waratah, Main Beach complex on Queensland’s Gold Coast

The 1995 apartment was secured for $2.375 million in 2000 when bought by Minnie Smorgon and her late husband Sam.

The four bedroom penthouse at 94/22 Montgomery Avenue, Main Beach is spread across 758sq m, with its rooftop space coming with a pool, spa and sauna.

Duncan Longmore of Kollosche Prestige Property has scheduled a February 21 auction.

The median unit price at Main Beach is $740,000, according to realestate.com.au.

 

Article Source: www.urban.com.au

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Residential

Former Socceroo Brett Holman buys Peregian Beach new-build

Peregian Beach

The former Socceroo Brett Holman and wife Femke have downsized on the Sunshine Coast.

Having sold their Peregian Beach holiday home for $2.55 million mid-way through last year, they’ve gone off-market to secure a near new property in the same coastal suburb.

They’ve spent $1.15 million on a home on the Peregian Golf Course.

Only completed last year, the home has five bedrooms, including a master with its own sitting area, walk in wardrobe and ensuite which spans the entire length of the top level.

There’s a dedicated media room, a kitchen with butler’s pantry and an alfresco area overlooking the pool.

Peregian Beach

Richardson & Wrench Noosa agent Kerry Sullivan secured the sale off-market.

The Holman’s had previously nearer the beach, but flipped the modern 2018-built home half way through last year.

Having paid $1.95 million, they sold the Tim Ditchfield-designed four bedder for $2.55 million.

Holman, who runs a small football academy in the Sunshine Coast, and Femke are based in a five bedroom home in New Farm, which they bought for $2.43 million in 2016 when returning to Australia after spending 14 years playing soccer across Europe and Asia.

Born in Bankstown, Holman started his soccer career at Parramatta Power in the NSL before joining Dutch club Feyenoord in 2002.

Holman left Holland in 2012 to join Aston Villa in the English Premier League for a season then went on to play in Dubai and Abu Dhabi.

Holman has represented the Socceroos 63 times, scoring nine goals.

 

Article Source: www.urban.com.au

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