A 27 million inner-city development to launch today is the start of phase two of Brisbane’s apartment boom.
Ferro Property Group developer Marco Ferro said larger apartments and townhouses would drive the market, which let them to eliminate “all signs of any two-bedroom or smaller configurations”.
The London Residencies at West End will feature 27 three and four-bedroom, “home-sized” apartments; a mix of three two-story manors, and two terraces and 22 three-bedroom apartments.
Mr Ferro said owner occupiers were the ones on the hunt.
Ninety percent of the firm’s Edgebrook Apartments at Lutwyche, where 80 percent were three-bedroom apartments, sold to owner-occupiers.
“The boutique market for larger, custom-designed three and four-bedroom apartments in Brisbane was largely untapped and very strong,” Mr Ferro said
Source: Courier Mail