1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

South Brisbane apartment proposal presents strong investment potential

September 18, 2012

An 18 storey apartment building earmarked for the heart of South Brisbane may attract the interest of property investors on the lookout for a residential property in one of the city's most sought after postcodes.

Aria Property Group has proposed the construction of the $70 million Grey Street tower to the state government.

The development would comprise of 120 one and two bedroom apartments and is likely to attract the interest of investors, with a high demand for apartments in the inner-city area meaning high rental returns for potential owners.

"There's such a demand for apartments and as a result we're seeing rents remain incredibly strong," Aria Property Group managing director Tim Forrester explained in a News Limited report.

"There's an increasing number of office workers in South Brisbane and that's really pushing up demand on the southern side of the river."

A high population of young professionals in the area has driven up demand for boutique apartments, with more and more people favouring the former over high-rise residential towers in the CBD.

Aria was also behind the development of an 18 level building in South Brisbane, with the apartment tower attracting strong interest that has seen just two dwellings unsold before its completion date next year.



Related Articles

Queensland units sales increase while home loans become more affordable

First home buyers and property investors looking into buying a property in Queensland could be ...
read more

Queensland first time buyers react to homeownership scheme

More and more Queenslanders are realising the 'great Australian dream' to buy their own ...
read more

Queenslanders saving more cash from government policies

The Queensland government is easing the financial burden on residential property dwellers in the ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more