ANNOUNCING STRONG DEMAND FOR PROPERTY IN BRISBANE WITH 60% OF APARTMENTS ALREADY SOLD WITHIN FIVE WEEKS OF LAUNCHING TO MARKET
HG Developments’ $60million boutique apartment building Alouette Residences Newstead is selling out fast to local buyers, with 60% already sold within five weeks of launching to the market.
Local purchasers account for all but three of the apartment sales as strong demand for property in Brisbane and the high quality of Alouette’s larger-than-average apartments have contributed to $36million in sales within a few short weeks.
The rush to buy an apartment at Alouette Residences is also attributed to its sought-after location in the exclusive owner-occupier area of Newstead North in Brisbane’s inner city.
Alouette Residences Newstead is an eight-level boutique residential building planned for a prime site at 28 Austin Street Newstead, offering a unique collection of 57 oversized and luxuriously-appointed one, two, three and four-bedroom private residences of distinction.
To be developed by luxury residential apartment specialists HG Developments, Alouette Residences is ticking all the boxes for apartments buyers, with another major drawcard being the generous car parking provision – each apartment is allocated secure basement parking for at least two cars, including the one-bedroom apartments, and sixteen of the larger apartments have three car parks.
HG Developments is well known for delivering quality boutique apartment buildings that focus on lifestyle in sought-after locations within Brisbane’s city fringe.
The Brisbane-based developers Alistair Harvey and Simon Gundelach identified the 2024sqm site in Newstead, one of Brisbane’s most accessible and upcoming inner-city precincts, as a unique opportunity to deliver a collection of premium apartments designed for the owner-occupier.
Mr Gundelach says the development team is pleased that Alouette has been received so well, particularly by local buyers who have given the development a strong vote of confidence.
“There has been a lot of urban renewal at Newstead over the last few years and we could see strong potential for an owner-occupier focused apartment building that elevated residents lifestyle with large apartments and quality amenities,” Mr Gundelach said.
“We were aware of the limited parking availability in Newstead, so we incorporated a minimum of two parking spaces for every apartment and a number of guest parking spaces to accommodate residents’ visitors.
“Our vision for Alouette is to meet the needs of people looking for the ultimate inner-city apartment and exceed their expectations by elevating the level of luxury, convenience and space.”
Luxury apartment marketing agency TOTAL Property Group is managing the sales of Alouette Residences Newstead and worked with HG Developments to present these well-appointed luxury apartments.
TOTAL Property Group Managing Director Adrian Parsons said his team had been prepared for the high demand, given Alouette’s “exceptional” quality and the exclusive inner-city location of Newstead North.
“Due to rising demand and limited apartment stock available, particularly in boutique developments like Alouette that offer high quality lifestyle and investment opportunities, local Brisbane buyers have acted quickly to avoid missing out,” Mr Parsons said.
“Of the 60% sold, only three apartments were purchased by buyers currently living outside Brisbane – two to Victorian buyers and one from North Queensland.
“With only 40% of the building’s apartment remaining available, we expect Alouette will continue to sell fast, especially since South East Queensland’s property market is experiencing very highly activity and there is an undersupply of apartments across Brisbane.
“Property values have increased in Brisbane over the last year – apartment prices by 10% and houses by 19% – and we are confident there will be more growth in Brisbane for years to come, especially in the lead up to the 2032 Olympic Games.”
Alouette Residences Newstead is meeting expectations of owner-occupiers for resort-style amenities, with the building’s premium facilities including an exclusive recreation deck on Level 8 with a swimming pool, seating and barbecue areas.
The well-appointed apartment floorplans include a range with butler’s pantries and study nooks, with Miele kitchen appliances in all apartments. Of the 57 apartments in Alouette, 31 have multi-purpose rooms to suit buyers looking to make the transition from a traditional house to a low maintenance apartment lifestyle.
Alouette is perfectly positioned between Newstead Park and Waterfront Park in the exclusive Newstead North area renowned for its high-end apartments and strong owner-occupier presence with 75% of residents living in their properties.
Newstead is an area of increasing high demand, due to its convenient location 3km from Brisbane’s city centre and within a short walking distance to popular retail and dining destinations Gasworks and James Street, along with excellent public transport and road network connectivity.
Alouette Residences Newstead two-bedroom apartments start at $720,000, while the three-bedroom apartments start from $895,000 and range up to $1.8 million for three bedrooms plus MPR. The four-bedroom apartments are priced upwards of $1.45 million.
Alouette Residences Newstead will be located at 24-30 Austin Street, Newstead, Brisbane. The Alouette sales display centre is open by appointment at TOTAL Property Group, 14b / 23 James Street, Newstead. For sales information visit www.alouettenewstead.com.au or phone TOTAL Property Group on 1300 393 855.
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