Construction has commenced on QM Properties’ $25 million Mowbray East Brisbane project, with strong sales signalling a lift in the local residential market.
Just one third of the mixed-use development’s 56 apartments remain for sale in the leafy riverside suburb, located two kilometres from the CBD.
According to QM Properties Project Manager Nick Haseler, the development’s sales success is indicative of both resurging buyer confidence and the ever-growing popularity of apartment living.
“Cranes are returning to Brisbane’s skyline, as a more positive mood translates into work commencing,” said Mr Haseler.
“Mowbray East Brisbane is a sign of the moving market, with increased activity across the board from enquiry levels to sales.
“With apartments priced from just $339,000, buyers are making the decision to purchase quicker and jumping on the opportunity for both a lifestyle change and potential capital growth.”
Located on the corner of Lytton Road and Manilla Street, Mowbray East Brisbane buyers have been drawn to the development’s proximity to numerous transport links including the CLEM7 tunnel and CityCat terminal, and walking distance to IGA, Shafston Hotel, shops and cafes.
Apartments make the most of river and city views with open-plan design, floor-to-ceiling windows and alfresco balconies, as well as smart design like split bedrooms for added privacy and plenty of storage space, good quality fixtures and fittings. The development also features an exclusive 135sqm rooftop terrace, basement car parking and secure bicycle parking.
“From young professionals to empty nesters, the development’s many lifestyle benefits have been major selling points,” said Mr Haseler.
“With siteworks now commenced, buyers can expect to be moving in by late 2014.”
QM Properties is one of the largest and most successful private property development companies in Queensland with more than 40 current projects throughout south east Queensland including award-winning work at master planned communities such as Pacific Harbour at Bribie Island and Noosa Waters, along with commercial precincts like ‘The Barracks’ on Petrie Terrace.
More information on Mowbray East Brisbane is available at www.mowbrayeast.com.au or by phoning 1800 354 443