Saturday, March 29, 2008

New Apartment Prices in Brisbane

1. Trilogy Hotel Rooms (studios & two bedrooms)
  • levels 36 to 47
  • 16 apartments per floor
  • sold fully furnished with 2 year rent guarantee
  • hotel managed by Mirvac
  • sizes range from 53 sqm to 89 sqm
  • no balcony
  • 3 elevators
  • about half will have river views
  • most do not have car parking
  • completion about 2012

Average price per apartment on level 36: $639,000
Average price per square metre on level 36: $9,785

Average price per apartment on level 47: $695,000
Average price per square metre on level 47: $10,630

2. Empire Square (two and three bedrooms)

  • levels 47 to 60
  • 7 apartments per floor
  • sold unfurnished
  • hotel managed by Westin
  • sizes range from 117 sqm to 150 sqm
  • no balcony
  • 5 elevators plus service elevator
  • about half will have river views
  • 1 or 2 car parks per apartment
  • completion about 2012

Average price per apartment on level 47: $1,502,857
Average price per square metre on level 47: $11,336

3. Aurora Skyhome

  • levels 64 to 65
  • 5 apartments per floor
  • sold unfurnished
  • managed by Oaks
  • 2 and 3 bed apartments
  • four with river views
  • 2 car parks per apartment
  • completed in 2006
  • Last year, apartment 643 on level 64 was listed at $1,095,000. 2 bed, 2 bath, 2 cars, 102 sqm internal, 125 sqm total, $8,760 per sqm metre

4. Pinnacle Parklands

  • levels 4 to 12
  • 5 apartments per floor
  • range of sizes
  • No river views - views of Roma Street Parklands
  • completed 2007
  • Last year, a 3 bed/2 bath/media room/3 car park display apartment about level 5 was being sold furnished at $1,675,000. 184 sqm internal, 257 sqm total, $6,517 per sqm.

5. Tennyson Reach

  • five buildings, each around 10 floors
  • some floors have 8 apartments, some 2 apartments
  • range of sizes
  • almost all have river views
  • to be completed in about 2010
  • about 1 elevator per 3 apartments per floor

Examples

  • 2 bed, 2 bath, 111 sqm internal, 141 sqm total, 5th floor, $910,000 ($6,453 per sqm)
  • 3 bed, 2 bath, 192 sqm internal, 227 sqm total, 4th floor, $1,320,000 ($5,814 per sqm)
  • 3 bed, 2 bath, 189 sqm internal, 235 sqm total, 5th floor, $1,475,000 ($6,276 per sqm)

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