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Newstead Apartments – 900 new apartments launched

The Metro Property Development’s Newstead Central has been unveiled to the VIP database before Christmas which resulted in a 50 per cent sellout of the Newstead Apartments- but will be officially released to the market on Saturday.

Aqua, the first of five towers in the $400 million project, will offer one and two-bedroom apartments priced between $399,000 and $699,000.

Its 149 apartments will be spread across 16 levels with a podium level pool, gymnasium and billiard room plus ground floor retail.
The project’s second and third towers will be released in March.

Metro co founder and chairman David Devine said he was confident Newstead Central would exceed expectations.

“Newstead Central is located in the heart of Newstead, one of the city’s most exciting and fastest growing inner-city suburbs,” he said.
“It offers enormous investment potential: affordable dwellings; excellent infrastructure; a number of employment nodes nearby such as the Bank of Queensland, Royal Brisbane Hospital, Energex and Tatts Group; and dining and shopping on its doorstep.”

Metro co-founder and marketing director Ken Woodley said the apartments offered resort style living.

“The level of resident facility that we have incorporated into Newstead Central sets a new benchmark in apartment living in Brisbane,” he said.

Newstead Apartments

“From a rental perspective, facilities such as man-made beaches, resort pools, six-star foyers and entries, sky terraces and gyms will ensure that Newstead Central is the number one apartment development to live in, underpinning rental yields and valuations.”

On completion, Newstead Central will comprise 920 luxury apartments and exclusive facilities including a resort-style recreation deck featuring a lagoon pool, beach area, lap pool, plunge pool, outdoor kitchen, sunbathing deck, picnic areas and multipurpose fitness studio.

Newstead Central is on a 1ha site on the corner of Stratton St and Ann St, adjacent to the iconic Waterloo Hotel and across from the Emporium’s shopping and dining.

It is also within walking distance of the Gasworks and James St precincts and less than 1.5km from the Brisbane CBD.


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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.


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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.


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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.
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