INDOOROOPILLY is on the fast track to become a luxury hotspot in Brisbane and Mosaic Property Group is behind the wheel driving $50 million worth of investments.
The boutique developer has launched Circ. by Mosaic, its third high-end project in the prestigious suburb.
The 19-apartment residential complex was spurred on by early sales for Scribe on Clarence and Alto on Priory, both in Indooroopilly.
According to figures by Metro Property, the population of Indooroopilly is predicted to increase by more than 5000 people in the next 20 years, creating demand for an extra 2200 dwellings.
Brisbane City Council recently classified the suburb as a major centre, following the $450 million refurbishment of Indooroopilly Shopping Centre and construction of the $1.5 billion Legacy Way tunnel.
Mosaic Property managing director Brook Monahan says the group has laid extensive plans to capitalise on the infrastructure investment in the area.
He says the residential pocket's close proximity to the CBD and a range of retail amenities has led to Indooroopilly's transformation as one of Brisbane's most sought-after locations.
"Indooroopilly is undoubtedly one of Brisbane's most picturesque residential suburbs, attracting a cosmopolitan mix of students, young couples, families, professionals and retirees," Monahan says.
"Located a mere six kilometres from the Brisbane CBD, Circ. by Mosaic offers 19 exclusive apartments ranging between one and three bedrooms in size within minutes of the area's outstanding education facilities, high frequency public transport and the Wesley medical precinct.
"Nestled in a prestigious residential pocket with aspects towards the Brisbane River, Circ. by Mosaic is surrounded by leafy parks and bikeways, in close proximity to exceptional golf courses, cafes, restaurants and the Indooroopilly Shopping Centre, which offers some of the world's most iconic brands following its recent multi-million dollar facelift."
Construction on Circ. by Mosaic is expected to start at the Clarence Road site in August.
Monahan says the team places aesthetic appeal at the forefront of design plans to attract buyers.
"In keeping with its picturesque surroundings, Circ. by Mosaic boasts an iconic architecturally-designed façade, with each apartment finished to the highest possible standard, equipped with luxury design features and finishes such as stone benchtops, high ceilings, full air-conditioning and top quality European fixtures and appliances," he says.
"The western suburbs of Brisbane are on the verge of a boom, which signals the perfect time for buyers to invest in one of Brisbane's most sought-after city-fringe suburbs."
Scribe on Clarence is expected to be completed in February 2016, delivering 54 apartments across seven storeys. The project sold out within two months of release.
Located next to the Brisbane River, Alto on Priory features 21 large open-plan apartments and is scheduled to be completed in March 2016.Mosaic Property Group has a pipeline of 14 inner-city residential projects in development.
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