Friday, December 27, 2013
El Dorado Redone
The development that has been proposed consists of two towers, as well as a podium containing cinemas, a bowling alley and possibly an open air cinema.
The first tower is 16 storeys, with 78 residential apartments. (These will be mostly two bedroom apartments.)
The second tower is 21 storeys, with 255 residential apartments and 70 short stay suites. There will be 135 two bedroom apartments, with the remainder being 1 bedroom or studios. The second tower also has a round Skybar on level 21!
There will be no three bedroom apartments.
See www.eldoradovillage.com.au
Sunday, December 2, 2012
El Dorado Indooroopilly
Wednesday, August 8, 2012
El Dorado Bust
I guess it is good-bye, not good buy, El Dorado Village.
Thursday, February 2, 2012
Alderley Square on hold
There are a number of other projects where the developer is trying to off-load the whole project to another developer. Buyers beware!
Tuesday, June 7, 2011
El Dorado Indooroopilly Tries to Grow
Friday, December 24, 2010
2010 Brisbane Apartment Awards
- Mirvac's Tennyson Reach
- Niecon's The Oracle at Broadbeach
- Raptis' The Hilton Surfers Paradise
- Evolution.
Friday, October 8, 2010
El Dorado Indooroopilly Delayed?
Monday, July 12, 2010
El Dorado Indooroopilly
Friday, June 4, 2010
El Dorado Indooroopilly
Purchase as an investment property the A3 Type or A4 Type 1 bedroom apartments currently available for sale at El Dorado Village and Pretoria Property Group will provide to you from time of Settlement:
• Rental Guarantee @ 5% Gross rental yield paid for 2 years;
• Body Corporate fees paid for 2 years;
• Brisbane City Council Rates paid for 2 years;
• Supply and Installation of Door and Window coverings;
• Depreciation Schedule.
With the development earmarked to complete construction at the beginning of 2013, the above package will mean that the astute buyer will have nothing more to pay until approximately 2015.
So it begs the question, ‘if investors and upgraders are currently driving the residential property market then how much capital growth do you think residential property in Indooroopilly will achieve in the next 5 years’?
Recently in the ‘Matusik Market Update’ (dated March 2010) Michael Matusik stated that, “new apartments in both Toowong and Indooroopilly have seen consistent price growth in recent years. Last year the average annual gain was 5.9%, with owners making $102,000 in gross terms between sales. This compares well within just a 1% average growth rate for apartments across the Brisbane area during calendar 2009”.
In a recent article published by Investors Choice dated 1 June 2010 it was stated, “Brisbane will experience 10% per annum growth over the next 3 years” (click here to See Article).
With the suburb of Indooroopilly being a traditional high growth area the thought of purchasing a secure investment at today’s prices and watching that investment grow in value over the next 5 years is indeed very appealing.
El Dorado Village itself is a mixed-use development that comprises retail, cinema’s, commercial and residential tower. It has been identified that mixed-use developments such as El Dorado command higher growth due to greater demand to live in such complexes (click here to see extract from Michael Matusik).
This is a limited investor special and will only be provided to the first 10 buyers. One bedroom apartments at Eldorado Village start at $397,000.
Friday, February 12, 2010
One or Three Bedrooms?
In relation to the 2 bed plus media room, they have 2 car parks and the prices are:
Level 13 $799k
Level 14 $820k
Level 15 $840k
Level 16 $860k
So it seems that El Dorado is creating smaller apartments and Mosaic is creating larger apartments.
Friday, January 1, 2010
Alderley Square
PCN Projects, who are the developers of the proposed El Dorado Village at Indooroopilly, have launched a website for a new project at Alderley, called Alderley Square. There are little details about the project on the website.
Saturday, November 28, 2009
El Dorado Indooroopilly
101 3 bed, 2 bath $845,000
102 3 bed, 2 bath $850,000
103 2 bed, 2 bath, study $780,000
104 2 bed, 2 bath $695,000
105 2 bed, 2 bath $695,000
106 1 bed, 1 bath, study SOLD
107 1 bed, 1 bath SOLD
108 2 bed, 2 bath $690,000
109 2 bed, 2 bath $690,000
110 2 bed, 2 bath, study $775,000
Very expensive!! You can buy a large good quality new two bed two bath apartment in Indooroopilly for $500,000. So these prices are incredible! The project was originally advertised as starting in February 2009. My guess is that it will not start until late 2010 if at all.
Tuesday, September 8, 2009
Indooroopilly El Dorado Update
El Dorado Indooroopilly redevelopment, which is running a year behind schedule. Prices have risen dramatically! It seems that about nine contracts have crashed since this time last year, as in Sept 2008, the price list showed that there were 25 or 28 apartments remaining for sale. Now:
"Apartments are now selling off the plan with the development due to start in 2010 and the expected completion date is early 2013.
More information along with floor plans is now available on the websites below.
Three bedroom apartments, were $805,000, now listed for $925,000Large two bedroom apartment, was $595,000, now listed at $780,000
Small two bedroom apartment, was $585,000, now listed at $705,000
One bedroom apartment, was $420,000, now $475,000
Tuesday, August 18, 2009
El Dorado Indooroopilly Update
Saturday, 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
Monday, September 15, 2008
El Dorado Village at Indooroopilly
The El Dorado Village project at Indooroopilly has launched its website.
See www.eldoradovillage.com.au The project is to launch in October, and pre-sales have been strong. There are 100 apartments in the complex, mostly 2 bedroom apartments, with some 1 beds and 3 beds. There is a display suite at Park Road in Milton.
The project does not appear to have development approval yet.Saturday, June 28, 2008
Indooroopilly El Dorado Development
"While sales marketing has so far been low key, Dr Preller said there had been an overwhelming response from investors. "We have pre-sold more than 70 per cent of the residential component, so obviously there is a huge demand for this type of product."
My guess is that the presales have all been to South African's who put in the finance for this building. I haven't seen any pre-sales marketing at all. The building doesn't even have development approval, and objections were lodged with Council.