Sunday, January 16, 2011
HiDef Aerial Photos of Brisbane 2011 Floods
Friday, January 14, 2011
Brisbane Floods
- Admiralty Towers
- Admiralty Two
- Admiralty Quays "we only had minor flooding in the lower level of the basement (about 50cm deep)"
- Riverplace
- Riparian (access tunnel to carparks - carparks are above ground level)
- Felix
- 212 Margaret
- Festival Towers
- River City
- Vue at Milton
- Water's Edge
- Flow
- SL8
- Parklands Sherwood
- Fresh Toowong
- Encore Toowong
- Arbour on Grey at South Bank
- Tennyson Reach
- Most apartments on the river at St Lucia
- the list goes on
Sunday, May 2, 2010
Flood Maps
Sunday, April 19, 2009
SL8 in West End
SL8 in West End is nearing completion. The building has an industrial look, and the apartments have good views of industrial sheds.
2 bedroom listed for re-sale at $570,000 (Apt 203)
2 bedroom listed for resale at $560,000 (Apt 213)
2 bedroom listed at $690,000 (Apt 241)
2 bedroom listed at $550,000 (Apt 142)
2 bedroom listed at $617,000 (Apt 214)
For most of these apartments, the second bedroom looks over the back (open) hallway.
"With more than 90% of the 1, 2 & 3 bedroom apartments sold, limited opportunities remain to invest in SL8’s West End apartments. The two bedroom apartment final release is now selling from $565,000-$975,000."
See SL8 Real Estate (FKP)
Update: See readers comments here.
Sunday, January 18, 2009
SL8 Opinion part two
Sunday, January 11, 2009
SL8 Update
"With more than 90% of the 1, 2 & 3 bedroom apartments sold, limited opportunities remain to invest in SL8’s West End apartments. The two bedroom apartment final release is now selling from $565,000-$975,000."
Source: SL8 websiteSaturday, October 11, 2008
Future Brisbane Apartment Developments
There is likely to be a shortage of apartments in Brisbane in the near future. (This statement assumes that that is not massive unemployment in Brisbane.) There are few developments under construction, and so very little new stock will come onto the market in the next three years. What new stock remains unsold is either overpriced or poor quality.
Downtown Apartments
- M on Mary - completed - mostly poor quality 1 bedroom apartments, mostly unsold. Developer has ceased sales campaign and is running this building as short term accommodation
- Evolution - completed - about 20 apartments unsold - small and overpriced
- Skyline - completed - about 20 apartments unsold - building surrounded by other buildings, and generally overpriced
- Aurora - completed
- Empire Square - cancelled
- Trilogy Tower - status uncertain - in presales, with planned completion in 2012 - both hotel rooms and expensive apartments
- Vision - status uncertain - in presales, with completion not before 2012
- Soleil Tower - soon to start presales - 403 apartments, with completion about 2011
- French Quarter - early days, no planning approval
- Flow (West End) - completed - about 5 remain unsold, will negotiate on price to sell
- Koko (West End) - completed - about 5 remain unsold, will negotiate on price to sell
- Tempo (West End) - completed - about 5 remain unsold, will negotiate on price to sell
- IceWorks (Paddington) - almost complete - about 6 apartments remain unsold
- SL8 (West End) - under construction, with completion expected in April 2009, poor location
- Waters Edge (West End) - off-the-plan selling, overpriced and selling poorly, completion in 2010
- Ciana (Indooroopilly) - almost complete - about 25 out of 130 apartments remain unsold - good value
- Tennyson Reach - 2 buildings nearing completion, 1 building not far behind, 3 more buildings planned
- Newstead Waterfront - 2 buildings selling well off-the-plan
- The Mill at Albion - almost sold out, relatively expensive
- El Dorado Village - to be launched to the marketing in October 2008, completion likely in 2011
- Milton Union - received planning approval
Sunday, August 24, 2008
SL8 Opinion
FKP is selling various apartments at SL8 at West End. These include:
- Six Skyhomes: 2 storey, 2 bedrooms, 2 bathrooms, priced at $1.165M to $1.195M
- Two storey ground floor terrace houses, 2 bedrooms, 2 bathrooms, 115sqm internal, priced at $895,000 to $915,000
- A penthouse with claimed river views, 3 bedrooms, at $975,000.
I am skeptical about this development. Despite having Donovan Hill as the architect, and some larger apartments with large and interesting terraces, in my view, this is a B grade location. It is in an industrial area, and any view will be of industrial sheds and poor quality offices. (Have a look at StreetView in Google Maps.) It is not located on the river. It is a long walk to any shops or restaurants. It is over 2kms to the downtown, so a long walk. No ferry or train nearby. The better view is to the west or south-west, which is not great. Some of the "cheaper" two bedroom apartments, which are less than 90sqm internal, have an internal bedroom -- that is, the windows for that bedroom appear to go to the common hallway and not the outside.
According to the FKP website:
"With more than 90% of 1,2 & 3 bedroom apartments sold limited opportunities remain to invest in SL8 with two bedroom apartment final release now selling from $565,000-$975,000."
When FKP is taken over, I wonder what the new owner will do in relation to SL8.
Saturday, September 8, 2007
SL8 at West End
It is still in pre-release, so FKP must be very happy.
Colliers PRD reports that in the June 07 quarter, 60 of the 112 apartments have been sold, at an average price of $566,000.
I was not thrilled with the location of this building. It is a long walk to the main street in West End. It is one street back from the river, but with two 7 story buildings between SL8 and the river. Most floors of SL8 will have no or limited river views, and the ones that do, are western facing. The building overlooks an ugly warehouse and commercial strip, with the Tempo block behind that.