In a sign of confidence returning to the hospitality sector after COVID-19, accommodation giant Accor and Brisbane developer Chris Vitale will bring the renowned Mondrian hotel brand to Australia. A 209-room hotel overlooking Burleigh Heads beach on the southern Gold Coast will open in mid-2023 as part of a $400-million project being undertaken by Mr…
Construction commences on Maasra Apartments in Coorparoo
As construction is now underway, Maasra Apartments qualifies for the $25,000 HomeBuilder Grant, available to eligible individuals and couples who intend to own and occupy an apartment they purchase off the plan before the December 31 deadline. With Maasra Apartments starting at $399,000, a number of one and two-bedroom apartments also meet the criteria for…
Westpac’s full circle – forecasting 15 per cent house gains post COVID
Westpac economists have gone full circle in their house value forecasting, with prices to soar from December 2021. They had been expecting between April 2020 and June next year, the national price index to fall by 10 per cent. But last week they updated their forecasting, stating prices would only drop five per cent between April…
STRONG SALES CONTINUE AT OMEGA APARTMENTS DESPITE CHALLENGING TIMES
Luxury residential property developer HG Developments’ new lifestyle building in Brisbane’s inner city has sold 18 apartments in recent months to local, interstate and international buyers across all price points and demographics, despite the uncertainty of Covid. Of the recent 18 apartment sales at Omega Apartments, 85% of the buyers are from Brisbane, 10% from…
Living it up in the inner city
A luxury inner-city development, below, which features a subtropical rooftop sky garden with a fire pit, pool and yoga deck as well as a double-storey gym and function room, has recorded strong demand for apartments through the COVID-19 period with 18 sales to local, regional and overseas buyers. HG Development’s Omega complex at 61 Brookes…
Off-the-plan unit buyers eligible to receive Federal Government’s HomeBuilder scheme
While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. Following the hasty launch of the scheme in early June, the Federal Minister for Housing and Assistant Treasurer Michael Sukkar confirmed off-the-plan apartments were eligible for grants. According to…