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New Queensland developments take advantage of grants for first-home buyers in sought-after locations

New Queensland developments take advantage of grants for first-home buyers in sought-after locations (1)

With a number of grants available to the savvy first-home buyer, these new developments are perfectly geared towards comfort, affordability and future-proofing.

Whether urban living, a brand new neighbourhood or the ease of the beach, these projects offer a little something for everyone.

Sandbar Burleigh

New Queensland developments take advantage of grants for first-home buyers in sought-after locations (4)

Set across 26 levels overlooking the breathtaking Burleigh Beach, Sandbar offers two and three-bedroom apartments with a desirable postcode.

Located in North Burleigh on the Gold Coast, the project is one block from the beach and within walking distance to local cafes, retailers, the surf lifesaving club and a nearby shopping village at Miami.

The development overlooks parklands to the north and offers panoramic views of the ocean, hinterland and the Gold Coast skyline.

With two-bedroom apartments starting from $590,000, it’s one of the more affordable offerings in the area.

“There are a number of developments in Burleigh, but Sandbar’s the only one in that mid-market sort of price range,” said director of sales at Morris Property Group Travis Gielen.

“Everyone wants to live in Burleigh, but not everyone has the budget, so we’ve cleverly positioned this in the marketplace – there’s something in there for everyone, essentially.”

Sandbar will feature on-site amenities on an elevated level overlooking the adjacent park, including a pool, gym, yoga lawn, and multiple recreation and entertainment spaces.

There will also be a retail concession included in the development.

Mr Gielen said purchasing a new apartment off-plan offered peace of mind to first-home buyers, along with lower operating costs and appliances under warranty.

“Burleigh is a fantastic location for first-home buyers to buy in; it’s a very strong market,” he said.

“Buying off-plan and in a good location like Burleigh is a great way to build equity, secure the terms of the deposit and save further, and as a new project it qualifies for the grant, so it’s certainly a great offering.”

Construction is set to commence in February 2021 and the project is expected to be completed by early 2023.

Sandbar is located at 1969-1971 Gold Coast Highway, Burleigh Heads, Queensland

New Queensland developments take advantage of grants for first-home buyers in sought-after locations (3)

Located in vibrant South Brisbane, this project offers new one, two and three-bedroom apartments and penthouses in the heart of the inner city.

Surrounded by restaurants, cafes, bars and retail, Brisbane 1 is situated in a sought-after locale, within walking distance to the city’s cultural precinct and the CBD.

With first-home buyers eligible for the Queensland First Home Owner’s Grant, the development has already proved popular with the demographic.

“With apartments in numerous sizes and designs, from affordable one-bedroom dwellings to luxury three-bedroom penthouses, Brisbane 1 has attracted a wide variety of buyers, including a significant number of first-home owners,” said R&F Property Australia national sales and marketing director Jon Quayle.

“Brisbane 1’s ultra-convenient location is very appealing to first-home buyers, who can leave cars at home in favour of excellent public transport links or simply walk to an abundance of nearby employment opportunities and services, or even forgo the expense of a car entirely.

“A limited selection of apartments are still available with prices starting at only $390,000, specifically appealing to first-home buyers.”

Designed by Brisbane-based architects Bureau Proberts, Brisbane 1 is the tallest development in the area.

Each apartment within its three towers features a balcony to make the most of panoramic views, stretching from the city skyline and river to regional scenes further afield.

Dual-key homes are also available and may excite the astute investor. These consist of one apartment split into two self-contained residences with a shared foyer.

On-site amenities include a recreation deck, featuring a 25-metre lagoon pool, barbecues and al fresco dining spaces, as well as two spas, three plunge pools, a gym, theatre, children’s playroom and several other entertainment spaces, including a rooftop terrace.

Interiors feature stone benchtops, European appliances, timber cabinetry, built-in wardrobes, recessed lighting and wool-blend carpets.

Buyers can choose from flexible colour schemes, whether light, bright and inspired by Nordic design or darker, featuring more grey and mahogany.

Brisbane 1 is at 1 Cordelia Street, South Brisbane, Queensland

The Carl Residences

New Queensland developments take advantage of grants for first-home buyers in sought-after locations (2)

This sleek new apartment development in inner-city Brisbane offers one, two and three-bedroom residences just three kilometres from the city, with several incentives for first-home buyers.

Situated in Woolloongabba, The Carl Residences is a few minutes’ walk away from central transport hubs, including Buranda busway station and train station, Princess Alexandra Hospital, and dining and retail precincts The Gabba and Buranda Village.

Set across 12 storeys, apartments feature spacious floor plans – many with balconies up to 47 square metres – and some offer views of the city.

The development will include residents’ amenities, including a rooftop pool with a barbecue and entertaining space, and an outdoor gym on the ground level.

Interiors will feature Bosch appliances, airconditioning, timber flooring and floor-to-ceiling tiling in bathrooms.

Broker and owner of RE/MAX Experience David Cotterill said the development was a stand-out in the market due its price and the incentives offered.

“At the moment, up until the end of December, it’s ideal for first-home buyers because you’ve still got the first-home buyer grant; you’ve also got a $25,000 [HomeBuilder] grant from the federal government,” he said.

“There’s another incentive where developer is matching the first-home buyer grant for a very limited time. We’ve almost hit our pre-sale target and once we’ve hit our pre-sale target, that incentive will go, but that’s another $15,000.

“So essentially right now, a first-home buyer can buy a one-bedroom from $385,000 and get $55,000 worth of assistance between the developer and the government to purchase, which is a fantastic offer.”

Mr Cotterill said only a few one-bedroom apartments remained.

Prices start at $385,000 for a one-bedroom apartment, $520,000 for a two-bedroom apartment, and $650,000 for a three-bedroom apartment.

Construction will commence on September 30 with an expected build time of a year and a half.

The Carl Residences is located at 21-25 Carl Street, Wooloongabba, Queensland




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Hectare Site Near Hastings Street Hits the Market

hectare site near hastings street
hectare site near hastings street

A 7,989sq m site in the heart of Noosa Heads will test market interest when it launches this week.

Anglican Church Southern Queensland is “seeking all opportunities” on the 2 Halse Lane property, located 150 metres from Hastings Street.

The site, known as Halse Lodge and home to a backpackers’ hostel leased to Ecolodge, has been owned by the Anglican Church Southern Queensland (ACSQ) since 1959.

“We have been proud custodians of this prime Noosa site for 61 years,” ACSQ group manager property Hiro Kawamata said.

“Especially with the site and original building having links back to the 1880s, when the original structure was built as a guest house by a local grazier, Walter Hay, who is considered to be the ‘Father of Noosa’.”

The original building was replaced in the 1920s, and the property is the longest continuously operating guest house in south-east Queensland.

With the current lease expiring for use as a backpackers’ lodge, an expression of interest campaign for the property will launch on September 17 and close on October 22.

Blake Goddard and Matt Barker of Knight Frank are managing the sale, and expect interest to come from overseas, interstate and local groups.

“[This includes] food and beverage operators, boutique accommodation providers and private groups, however, we are keeping all options open and welcome all engagement throughout the campaign.”

Alexandra Headland apartments attract local buyers

Further south on the Sunshine Coast, privately-owned construction company McNab has topped out a 57-apartment project at Alexandra Headland helmed by developer Cube Developments.

Cube Developments director Scott Juniper says apartment sales at the project hit 90 per cent, with six of the 57 apartments remaining, and most of the buyers’ being locals, from the Sunshine Coast area.

Alexandra Headland Property

Juniper says apartments are priced from $580,000 and range up to $2.49 million.

The development, at 120 Alexandra Parade, commenced construction in July 2019.

Throughout the sector’s restrictions, McNab construction manager Carl Nancarrow said the project is progressing well.

“This project has been incredibly important to the Sunshine Coast industry and the timing could not have been better in regards to providing certainty for our local trades,” Nancarrow said.

“We’re pleased we have helped provide a significant economic injection to the local economy.”

McNab is expected to wrap up construction by the end of the year.

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Sales Top $20m in Brisbane’s Tallest Tower

Sales Top $20M Tallest Tower

Sales Top $20M Tallest Tower

Sydney-based developer Billbergia, along with partner AMP Capital, has sold $20 million worth of luxury apartments at its Brisbane Skytower development, defying the downturn in sales seen in the broader market.

Despite the state government’s social gathering restrictions on public open homes, the developer said it was able to close deals on five apartments across the building’s recently completed top-tier, otherwise known as the Horizon Collection, over the past two months.

Knight Frank Brisbane project marketing director Jason March, who negotiated the recent deals, said there was pent-up demand for the luxury residences in the development when it launched at the end of last year.

“When Covid-19 hit Brisbane we saw some hesitation in the market from buyers, but now there is greater certainty on where the pandemic is heading we have seen buyers re-emerge with renewed vigour,” March said.

“The luxury market particularly is in demand as people look to buy lifestyle residences more locally in lieu of being able to travel around the world and in recognition of the fact that we are spending more time at home.”

Birsbane Tallest Tower

The 1,141 apartment tower, which rises 270 metres, was partly completed in 2017 with some of the building’s lower-level apartments sold and occupied while Hutchinson Builders continued with the delivery of the top floors.

The project’s latest release, consisting of 42 two and three-bedroom luxury residences and 5 four-bedroom penthouse apartments on the seven uppermost floors of 90-storey building, hit the market late last year.

New residents will have access to private entertainment spaces and gym, as well as the option to have lifestyle services provided by The Westin Hotel.

The tower is in Brisbane’s CBD, within walking distance of the Botanic Gardens, the Queen Street Mall, South Bank and the Brisbane River.

Sales Top

According to Knight Frank’s latest prime global index, Brisbane’s premium residential property market recorded a 0.3 per cent gain, even as global luxury markets record the lowest growth in 11 years.

By contrast, Melbourne’s prestige home prices fell 1 per cent weighed down by excess supply and weaker demand amid the border closures.

“Brisbane is attractive as an up and coming city undergoing transformation, as well as its affordability in comparison to its southern counterparts and lifestyle, which has been emphasised during the various Covid-19 lockdowns,” March said.

“We have seen strong enquiry over the past few months from both local and interstate buyers, as well as some from overseas.

“While some have been investors, we are mainly seeing owner occupiers looking to ‘rightsize’—that is, downsizing to luxury apartment living.”

Prime prices in Australasia and North America were the most resilient globally in the second quarter of 2020, boosted by low levels of supply and strong demand from affluent buyers.

Despite Australia’s relatively solid showing, the pandemic has clearly impacted global demand for prime properties with the index rising by just 0.9 per cent over the year to June—its lowest rate annual growth since the height of the global financial crisis in 2009.

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Cornerstone Plots Fortitude Valley Tower

Cornerston Plot Fortitude Valley Tower

Cornerston Plot Fortitude Valley Tower

Brisbane-based developer Cornerstone is pushing ahead with a major commercial project in Brisbane’s Fortitude Valley, lodging plans for a high-rise commercial tower alongside the landmark McWhirters building.

The development is slated for a 1,357sq m site running between 251 to 253 Wickham Street, together with part of 47 Warner Street, currently occupied by a derelict and dilapidated former building.

The 28-storey development will be known as 251 Wickham Street and, if approved, will add 14,500sq m of net lettable area to the fast-growing fringe office market, north-east of the Brisbane CBD.

The scale of the development would be a considerable increase on the preliminary approval currently available for the site which would green-light an 11-storey proposal.

The design for the proposed A-grade office building is led by Brisbane firm Bureau Proberts, with development partners James Project Management and Robert Bird and Partners also overseeing the project.

Bureau Proberts director Liam Proberts said the building offers stepped floor plates, which would create commercial tenancies of varying sizes and needs.

“The Covid-19 pandemic has brought into sharp focus the value and importance of this design approach,” Proberts said.

The proposal features meeting and recreation spaces on levels 15 and 27, a gym with lap pool, sky terraces and balconies.

In the development application, Cornerstone said there had been a renewed focus on council’s “buildings that breathe” guidelines, with the impact of Covid-19 increasing the importance of workplaces that promote mental and physical health.

The building features 55 car parking spaces across three basement levels as well as 108 bicycle spaces and end of trip facilities.

Its proximity to Brisbane’s Fortitude Valley station, currently undergoing a $500 million revamp, is expected to be a drawcard for prospective tenants.

One of the developer’s most significant projects was the revitalisation of an 18-level B-grade tower in Brisbane’s CBD after acquiring it in 2012.

The fully-refurbished building, located at 310 Ann Street, offers 18,360sq m of space designed around a central core and is home to tenants including Allianz Worldwide Partners and the Queensland government.

Cornerstone also has plans in its pipeline for a 2,850sq m site under its control at 301 Wickham Street in Fortitude Valley, where it has approval for a 25-storey, 36,000sq m office building.

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