First home buyers trying to escape the rental cycle have been excited to discover the type of high quality property and lifestyle their money can afford at The Wellington – a boutique apartment building in the fast growing hot spot of East Brisbane.
With the $20,000 Queensland Government First Home Owners’ Grant extended until December, and prices at The Wellington starting at just $339,000, first home buyers have never been in a better position to get a strong first foot in the property market with a brand new property.
A brand new one-bedroom, one bathroom inner-city apartment with city skyline views was the perfect match for 28-year-old Eric Pizzani, who was looking for a high-quality property within close proximity of work and social opportunities.
After renting a one-bedroom apartment in Annerley, Mr Pizzani began looking for his first property when he realised the money he was spending on rent could be better put towards a mortgage.
“I used to rent a small one-bedroom apartment before my boss pointed out my rent was a similar amount to mortgage repayments! It was at that point I started looking into purchasing my first property,” he said.
“I knew that I wanted to purchase an inner-city apartment surrounded by strong transport links and infrastructure that would make it easy for me to leave the car at home and walk or ride my bike to work.
“I was pleasantly surprised to discover that the apartments at The Wellington ticked all of the boxes, while offering great value for money.”
The Wellington is a boutique apartment building, offering one and two bedroom apartments and recreational facilities including a rooftop pool area, ground floor retail precinct and terrace barbecue and garden area, ideally located just 1.5km from Brisbane’s CBD.
With the help of the $20,000 Queensland Government’s First Home Owners’ Grant, Mr Pizzani was able to afford a great one-bedroom apartment on the seventh floor with a spacious balcony overlooking the city skyline.
With construction now complete, he’s eagerly awaiting settlement, which is due in November.
“I can’t wait to spend my afternoons enjoying a glass of wine and watching the sunset over the city from my balcony – the view will be spectacular,” he said.
“I am also really looking forward exploring the local area’s cafes, restaurants and bars with my friends, with everything so close by it will be easy for me to walk most places, which is a massive draw card!”
Total Property Group Managing Director and Marketing Manager for The Wellington, Adrian Parsons, said first home buyers were in a great position to escape the rental cycle and upgrade their living situation to a brand new apartment.
“The lifestyle environment has demonstrated strong appeal within the young professional first home buyer demographic, with a central location surrounded by local cafes, bars and eateries as well as a boutique retail and dining precinct on the ground floor of The Wellington, coupled with our outstanding onsite facilities including a rooftop pool area and green terraced barbecue and garden area,” he said.
“The Wellington has sold most of its apartments and we are continuing to see a strong level of interest as we approach the completion of construction.”
The Wellington’s one-bedroom and two-bedroom apartments are available in a variety of floor plans designed to offer contemporary living and are priced between $339,000 and $560,000.
The Wellington is perfectly positioned on the corner of Wellington Road and Overend Street in the high demand suburb of East Brisbane, just a short walk from The Gabba stadium and the dining and shopping destinations of Logan Road and Stanley Street.
Originally published by My Town Magazine here.
See full article here.