"WESTWING"
1-38 / 26-28 WESTERN AVENUE - CHERMSIDE
BRISBANE
2/3 BED | 2 BATH | 1/2 CAR
"WESTWING" A boutique development opportunity!
Information on development
300m west from the biggest shopping centre in Queensland owned by Westfield.
200m north of the Prince Charles Hospital.
2 mins drive to A3 Highway.
Located in quiet residential street near a major park.
Only 38 units in complex.
Similar properties available for sale in the market at far higher prices than what we have secured.
Information on Brisbane
Well positioned in the property cycle after prices have completed correcting after the past 4 years. During 2014, Brisbane's property market grew by 6%, after experiencing flat prices for the 5 previous years. There are clear signs that this market is beginning the growth phase of the price cycle.
Supply has remained low while population growth has been strong. Brisbane's population increased by 26% between 2002 -2012 making it the second fastest growing capital city behind Perth which grew 27%. Brisbane’s population grew at an average of 2.0% annually over the past 5 years.
Under supply is growing in Brisbane. This has affected vacancy rate movements, which have experienced a fall from over 4% in 2009 to 2.2% as at December 2014.
Rents are expected to increase following the sharp fall in vacancies. This will put pressure on property prices in well-selected markets in good proximity to the CBD.
Brisbane has been labelled the infrastructure capital of Australia with over $9 billion worth of spending due for completion by the end of 2014. These include; the Northern Busway, Northern Link Tunnel, Airport Link and the Mater Hospital upgrade. This continuation of infrastructure expenditure by the Brisbane council and QLD state Government will ensure that Brisbane's liveability is improved.
Affordability in Brisbane is now at the best level since 2002. Between 2002 – 2008 Brisbane experienced an extremely high growth period (136%), higher growth rates were achieved in affluent suburbs.
$4bn Casino has just been approved in South Bank Brisbane, which is expected to generate 8,000 jobs, starting construction in 2017.
Note: This publication is intended as a general introduction to 26-28 WESTERN AVENUE CHERMSIDE only and does not form an offer, guarantee or contract. Interested parties are directed to rely on their own enquiries and information provided in the Contract for Sale or Lease Agreement. The contents of this publication have been produced prior to the completion of the development. Information, images and artist impressions of exterior and interiors are intended as a guide only. The information, pricing, availability, dimensions, specifications, inclusions, landscaping and materials may be changed without notice.
INSPECTION TIMES:
Contact agent for details
AGENT: ANTONIOS KANIS JP
MOBILE: 0410 113 338
OFFICE: 02 9454 0000
EMAIL: AK@STRIPE.COM.AU
