A DEVELOPMENT at Portside Wharf has sold out ahead of completion, with investors and first-home buyers snapping up more than $13.5 million in apartments.
Brookfield Residential Properties’ Link building is expected to open early next year, with 32 one bedroom apartments across four levels attracting buyers.
Regional director Lee Butterworth says the retail and residential development’s location in Hamilton was a key selling point.
“Link presented the perfect opportunity for entry level buyers to secure a spot at Portside Wharf and enjoy the luxury lifestyle that comes with living atop a lively retail precinct,” Butterworth says.
“Savvy investors were also quick to move, snapping up the apartments in a matter of months to reap the financial benefits of providing renters a space with restaurants, boutique fashion and entertainment on their doorstop.
“The success of this project shows the strength of the market in general and in particular of the market at Portside Wharf.”
Butterworth says there are apartments still available in the Promenade building and latest development, Pinnacle.
Pinnacle looks to be following suit to Link, with $80 million in sales while still under construction.
Butterworth says the increased infrastructure spend from the government would generate further interest.
“The Queensland Government is investing around $650 million to turn Kingsford Smith Drive into a six lane boulevard through to Newstead with a pedestrian, walking and cycle track crossing the river,” he says.
“An enormous infrastructure investment like this demonstrates absolute commitment by the government, ensuring Northshore Hamilton continues to grow as Brisbane’s largest master planned, integrated residential community and urban renewal project.”
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support