Private property developer Mark Stockwell said the group's Riverpoint apartments at West End had water in the basement. The floodwaters did not reach the residential floors. "The water has now all been pumped out and there was some damage to the electricals, which is now being fixed."
Wednesday, January 19, 2011
Flood Building Update From Readers
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
Friday, December 17, 2010
Admiralty Apartment Report
Colin Walsh from Ray White issued a report recently about the Admiralty Precinct. Here are some extracts:
Admiralty Quays
- "one of the most sought after residences within the Brisbane CBD"
- three bedroom sale for $1,350,000
- 2 bed type C average price 2010 = $780,000
Admiralty Towers I
- "Brisbane CBD's most tightly held residential apartment building"
- 5 sales recorded this year
- 2 bedroom sold for $750,000
Admiralty Towers II
- "one of the most prestigious and desirable buildings in the Brisbane CBD"
- 8 sales recorded this year
- 3 bedroom sold for $1,063,800
- 2 bed type C average price 2010 = $718,000
- 2 bed type B average price 2010 = $838,000
Skyline
- 15 sales recorded this year
- 2 bed type J average price 2010 = $582,500
- 2 bed type I average price 2010 = $647,100
Riverplace
- "most affordable riverfront residential building in the Brisbane CBD"
- 14 sales recorded this year
- 2 bed type E average price 2010 = $527,500
- 2 bed type B average price 2010 = $720,000
Sunday, August 8, 2010
Admiralty Precinct
Saturday, August 29, 2009
Admiralty
Photos of the Admiralty apartment precinct, on the Brisbane River. From left to right, the apartment buildings are Admiralty Towers Two, Admiralty One, Admiralty Quays and River Place. Note that Skyline and Macrossan are not river front building. Skyline is the gray building behind Admiralty One. Macrossan is still under construction behind Skyline and cannot be seen.
Saturday, October 25, 2008
Soleil Tower Sales Launched Today
Meriton's Soleil, its first building in Brisbane, launches this weekend. (Completion of the building is planned for 2011 or 2012.)
It will be 74 levels, and 234 metres high, located at the end of Adelaide Street, behind Skyline and next door to Macrossan (which is under construction).
Floors 31 to 64 contain the apartments that Meriton will sell. Floors 65 to 74, comprising 42 apartments, are not for sale. Floors 30 and below will probably be 175 serviced apartments, owned and managed by Meriton. A total of 188 apartments will go on sale this weekend. They are 1 to 3 bedroom apartments. The 2 and 3 bed apartments have 2 bathrooms, and an underground carpark (up to 10 levels below Adelaide Street level).
On the higher floors (above level 41), there are five apartments per floor. There are 3 elevators for about 220 apartments, which is not a great ratio. (Admiralty Two, just nearby, has 191 apartments and six elevators.)
None of the apartments have balconies. Airconditioned, full length windows, and floor to ceiling tiles in the bathroom. Indoor pool and gym.
Here are some example two bed, two bath apartments:
Apartment 6001, level 60, views south down the Brisbane River over the top of Skyline, 79 sqm and 1 car park. Listed for sale at $823,000, which is about $10,400 a sqm.
Apartment 4205, level 42, limited views between Admiralty Quays and River Place, but good views over All Hallows, 83 sqm and 1 car park. Listed for sale at $672,000, which is just over $8,000 per sqm.
Apartment 5204, level 52, views over Admiralty Quays, 78 sqm and 1 carpark. Listed for sale at $688,000, which is just over $8,800 a sqm.
Compare existing, older stock of 2 and 3 bedroom apartments nearby:
- Admiralty Two, Level 4, direct riverfront, 103 sqm (including balconey), listed at $720,000
- Skyline, Level 27, river views, 102 sqm (including balconey), fully furnished, listed at $720,000
- Admiralty One, Level 18, direct riverfront, 3 bedrooms, 2 carparks, 150 sqm, listed at $880,000.
- Quay West, Level 16, river and park views, 120 sqm, listed at $850,000
- River Place, Level 13, direct riverfront, 116 sqm listed at $675,000 or $675,000
Overall, Soleil is in a great location, the floor plans seem to be well designed, and Meriton will deliver. Care should be taken when selecting, as some apartments will not have great views due to neighbouring buildings -- but some apartments should have great views (if you like heights!). The apartments are a little small for my liking, and I am not sure about lack of balconey.
Monday, October 20, 2008
Ray White Sunday Auction Results
- Felix: 342/26 Felix St, 2 bed, 2 bath, sold for $495,000.
- Festival Towers, 1901/108 Albert St, passed in $450,000
- Festival Towers, 3508/108 Albert St sold prior to auction, reported at $555,000 or $445,000??
- Charlotte Towers, 1502/128 Charlotte St, 2 bed 2 bath, passed in on vendor’s bid of $420,000
- River Place River Terrace House: 1/82 Boundary St was passed in at $1.35 million, now listed at $1.5M
- Skyline, 12/30 Macrossan St, three bedroom unit passed in at $900,000, now listed at $1,240,000
- Aurora Tower Penthouse: 651 and 656/420 Queen St passed in at $2.4 million, now listed at $2.6M
- Soho, 416/8 Cordelia St, 1 bed, South Brisbane was passed in at $280,000
- SoHo, 615/8 Cordelia St was passed in for $465,000, looking for offers above $500,000
- SoHo, 108/8 Cordelia St passed in at $505,000
- Euro, 1308-2-6 Manning St, South Brisbane, 2 bed 2 bath, passed in at $400,000
- Trilogy, 336/51 Hope Street, Spring Hill, 2 bed, 2 bath passed in at $540,000, sold after for $550,000 (vendor was off the plan owner who had paid $595,000)
- Stradbroke Tower, 74/2 Goodwin St, Kangaroo Point passed in at $875,000
- 1/24 Brisbane Street, St Lucia, sold for $414,000
- 6/211 Baroona Rd Paddington, 2 bed, 1 bath, sold for $431,000
- LeftBank, 64/35 Buchanan St, West End, passed in at $1.15 million
"Hundreds turned out to the convention centre on Sunday to see 80 properties offered for sale as part of the Ray White Property Auction Spectacular. There was a wide range of units and houses was on offer but properties sold under the hammer for prices well below what would have been expected six months ago.
Chief auctioneer Philip Parker said he pleased with the lacklustre clearance rate of almost 30 percent but said those who sold at auction realised they were not going to get what they thought their property was worth before the economic downturn. He said while no-one was happy with the current economic climate, sellers realised if they wanted to move a property they had to meet the market.
``Out of those that sold today, only one buyer didn’t go down on their original (minimum) price,’’ Mr Parker said.
He said the vendors who didn’t budge, didn’t get a sale. Negotiations are continuing on several properties offered for sale." http://blogs.news.com.au/couriermail/publicproperty/index.php
Sunday, September 21, 2008
Sales and Auction Results for Brisbane Apartments
Wednesday, June 11, 2008
Admiralty Two - New Listing
An apartment design that I consider to be a very good design, in a good building, is now listed for sale. It is a two bedroom, two bathroom apartment in Admiralty Towers Two. It is large compared to newer apartments -- 116 sqm -- and has a quality feel. (There are other 2 bed designs in this building that are smaller, so take care when doing comparisons.) Good views and good location. The building has two pools, and apartment owners on the higher floor have exclusive access to the rooftop pool and gym. The balcony is not large, but this results in more internal space. Plenty of cupboards and a separate laundry room / storage room inside the apartment. Admiralty Towers Two has no short term rentals.
This apartment is on level 28, and is listed at $850,000.
Compare this renovated apartment in River Place, listed at $875,000. River Place is a lesser quality building, with many more apartments and vacation rentals. It has a great outdoor pool, overlooking the river, and the apartments have a larger usable balcony (but with the airconditioner compressor located on the balcony!)Friday, May 2, 2008
Interesting Apartments for Sale In Brisbane
Admiralty One: 3 bedrooms on high floor, great river views, high quality building: listed at $2,500,000
River Place Villa, 3 bedrooms, listed at $2,100,000
River Place, 3 bedrooms, listed at $2,000,000
Admiralty Two, 3 bedrooms, high quality building listed at $1,300,000
River Place, 2 bedrooms, renovated with new kitchen: listed at $900,000
River Place, 2 bedrooms: listed at $690,000
Quay West: large 1 bedroom over looking the Botanical Gardens, high quality building: listed at $550,000
All the above have "never to be built out" views.
Also, Aurora: 2 bedrooms, corner, high floor, but may be impacted by Trilogy: listed at $749,000
I will be interested to see what these apartments actually sell for.
Sunday, February 24, 2008
Market Forces
I have tried to work out how many apartments are for sale in certain buildings as at today, looking at various sources, and this what I conclude. I did not count anything reported to be under contract. The details are probably inaccurate, but the overall picture is probably about right:
Brisbane City
- Admiralty Towers One - 0
- Admiralty Quays - 1
- Admiralty Towers Two - 2
- Quay West - 2
- Metro 21 - 4
- River Place - 5
- Felix - 6
- Casino Towers - 8
- Skyline - at least 26 (plus what the developer has not yet sold)
- Festival Towers - 32
- Charlotte Towers - at least 40 (plus what the developer has not yet sold)
- Aurora - 41
- M on Mary - more than 100
- Saville South Bank - 0
- Arbour on Grey - 2
- Aurora: 29 sales, medium sales price of $470,000
- Casino Towers: 26 sales, medium sales price of $477,500
- Felix: 13 sales, medium sales price of $440,000
- Riverplace: 7 sales, medium sales price of $600,000
- Admiralty Towers 2: 7 sales, medium sales price of $700,000
- 212 Margaret: 7 sales, medium sales price of $322,000
- Admiralty Towers: 4 sales, medium sales price of $755,000
- Quay West: 4 sales, medium sales price of $445,000
By comparison, in the whole of Indooroopilly, there are 12 apartments/units currently listed for sale, of varying age and quality.
Saturday, September 22, 2007
Brisbane Riverfront Apartment Sales
Admiralty Quays
2003 - 17 sales
2004 - 20 sales
2005 - 17 sales
2006 - 8 sales
Average Sale in 2003 = $617,088
Average Sale in 2005 = $509,517
Average Sale in 2006 = $1,040,625
Admiralty One
2003 - 17 sales
2004 - 12 sales
2005 - 15 sales
2006 - 12 sales
Average Sale in 2003 = $819,941
Average Sale in 2005 = $524,966
Average Sale in 2006 = $550,166
Admiralty Two
2003 - 11 sales
2004 - 22 sales
2005 - 14 sales
2006 - 14 sales
Average Sale in 2003 = $512,454
Average Sale in 2005 = $794,321
Average Sale in 2006 = $905,000
River Place
2003 - 31 sales
2004 - 46 sales
2005 - 50 sales
2006 - 41 sales
Average Sale in 2003 = $436,354
Average Sale in 2005 = $412,300
Average Sale in 2006 = $465,951