Strong investor and first-time buyer interest in Brisbane off-the-plan development

Strong investor and first-time buyer interest in Brisbane off-the-plan development



The Wellington East Brisbane

An off-the-plan development in Brisbane’s inner-south-east is achieving strong sales from a broad range of buyers.

The Wellington, EPV Development’s $60 million development will be in East Brisbane, which director Denis Mackenzie said is “quickly becoming a lifestyle destination of choice”. The development, according to EPV, is perfectly positioned in the area which is experiencing ongoing high demand.

Positioned on the corner of Wellington Road and Overend Street, The Wellington is just a short walk from The Gabba stadium and the dining and shopping destinations of Logan Road and Stanley Street.

The development’s location would be central to its success, he said.

“We want to make the most of this prime location by creating a development where residents can enjoy convenient and luxurious inner-city apartment living and captivating city views,” Mr Mackenzie said.

The Wellington marketing manager and TOTAL Property Group managing director, Adrian Parsons, said he is seeing very strong interest in the spacious and competitively priced apartments on offer at The Wellington, with sales enquiries from a variety of demographics, including first home buyers and investors.

“Brisbane’s property market is continuing to record healthy growth both in sales volumes and median sale prices, particularly from multi-storey developments, with apartment living becoming increasingly popular,” he said.

“East Brisbane is a high-growth area experiencing increasing and ongoing demand from buyers and tenants due to the limited availability of new apartment developments.

“The impressive sales results we have seen since launching only confirms the appeal of the location and the luxurious, spacious and competitively-priced apartments on offer at The Wellington.”

One- and two-bedroom apartments are available in a variety of floorplans and are priced between $349,000 and $615,000.

Thomas Bellew (pictured), a 21-year-old first home buyer purchased a one-bedroom apartment in the complex and said he will use the property as a stepping stone to build up equity and begin to build a portfolio.

 

Strong investor and first-time buyer interest in Brisbane off-the-plan development
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