5 top tips for securing the perfect inner-city Brisbane property
Buying a new luxury townhome or apartment in one of Australia’s most sought-after cities can be an exciting and life-changing experience, so it’s important to understand what to look for when investing in your next Brisbane property.
Buying a new luxury townhome or apartment in one of Australia’s most sought-after cities can be an exciting and life-changing experience, so it’s important to understand what to look for when investing in your next Brisbane property.
Aspects such as location and nearby services are important, but so too are lifestyle benefits including low density living, comprehensive exclusive community amenities and diversity of large, more innovative floor plans.
CDL Australia director of residential John Bush said the popularity of Brisbane’s property market and council laws limiting townhome development was leading to a shortage of inner-city master planned projects.
“When looking for townhomes or apartments around Brisbane’ inner and middle ring suburbs, there are very few that are large enough to include much in the way of lifestyle amenities,” Mr Bush said.
“Add to that the increasing demand for property in Brisbane which is driving up prices and it can be quite difficult for buyers to find a home that ticks all boxes – liveability, affordability and location.”
Nestled on the historical site of the Newmarket Brickworks, CDL’s Brickworks Park neighbourhood is only five kilometres from Brisbane CBD – a spacious yet connected community on five hectares with a unique offering of thoughtful resident amenities.
Located in Alderley, one of Brisbane’s most liveable suburbs, 43 per cent of Brickworks Park will be dedicated to green open space while providing easy access to public transport, schools and shopping centres.
Mr Bush highlights five key aspects to look for when purchasing a Brisbane property:
Versatile and liveable home design
It’s important to look for a home design that offers versatility and will appeal to a variety of potential residents. Buying a home in a low density setting with a larger floor plan will ensure both resident satisfaction and long-term investment success.
All apartments at Brickworks Park have flow-through floor plans that provide natural light and breezes from front to back, separated bedrooms, premium fixtures and finishes, and generous outdoor living spaces.
Luxury townhomes are inspired by mid-Century Queensland design and with a range of designs feature private terraced gatehouses, landscaped courtyards, light-filled entries, high ceilings, spacious kitchens and versatile study nooks.
A connected location
Proximity to employment, schools and other vital services is a major factor when investing in Brisbane property.
Public transport is important, along with easy access to major dining and shopping precincts.
Brickworks Park is close to the action, located only 5km from the CBD. Alderley and Newmarket train stations are a short walk away with regular bus stops along nearby Enoggera Road, offering reliable public transport solutions in all directions.
In 15 minutes, you can walk to supermarkets, a cinema, restaurants, gyms, sports fields and ample schools and childcare.
Brickworks Park is also close to a wide range of major road networks and highways, further connecting residents to key south east Queensland locations.
Unique and exclusive community amenities
There is more to consider than just the home itself when investing in a subtropical city such as Brisbane. Resident-only amenities are a major drawcard, providing all the creature comforts of a luxury home and more without the hassle of maintaining them.
Designed for leisure and wellness, Brickworks Park offers an unprecedented level of unique community features including a resort-style pool, ClubHouse lounge, dining pavilion, basketball hoop, community garden, art studio, gymnasium, barbecue zones, workshop, dog park and an abundance of green open space.
Affordability, yield and ongoing costs
Factors such as median value and rental yields are always important considerations when weighing up the right property.
The first stage of Brickworks Park provides 107 apartments and 25 luxury townhomes, with prices ranging from $389,000 for one-bedroom residence up to $794,000 for a luxury three-bedroom townhome.
With a median price of over $1 million for an older home in the same area, securing an architecturally designed home in a master planned community with low ongoing costs has many advantages.
Additionally, Brisbane’s solid rental yield of 5.2 per cent and low vacancy rate of 1.5 per cent provide confidence for investors, together with the city’s ongoing strong population growth and new job creation.
An experienced property developer
It’s important to buy from a developer with an impeccable track record. CDL Australia is a subsidiary of one of Singapore’s largest corporations, City Developments Limited, and is renowned for creating world-class, sustainable residential spaces backed by more than five decades of global property development success.
Created by a team of award-winning architects, designers and landscapers, CDL has brought this experience to the creation of Brickworks Park.
And if you're in Brisbane, don't miss the exclusive Brisbane Market Outlook - 2021 & Beyond, a limited attendance event running on June 10 that will feature in-depth analysis on why now is the right time to invest from leading property economist Michael Matusik.
