Saville SouthBank

One of my favourite apartment buildings in Brisbane is the Saville SouthBank, above the Mantra. It is rare for good apartments to be listed for sale in this building. A 3 bedroom penthouse recently sold in a few weeks for over $1.7M after strong interest. A large 2 bedroom has recently been listed for sale.

South Point

The development, which incorporates the Heritage listed Collins Place building, will include three separate structures on the 0.85 hectare parcel of land.

A 20-storey building on the corner of Grey Street and Tribune Street will include a five-star hotel and 210 apartments.

The Emporium Hotel, Southpoint will include 132 rooms as well as a day spa, gymnasium, boutique conferencing facilities, restaurants and bars.

A 17-storey building at the centre of the site will consist of 2 storeys of retail including a full-range supermarket and 15 storeys of commercial offices. The upper level of the retail component will offer direct connection to the rail platform.

A third 24-storey building, on the corner of Vulture and Grey Streets will comprise 248 one, two and three bedroom apartments.

The development will be constructed in separate stages to meet the anticipated early demand for both the residential and commercial components.

South Point will bring a diverse range of new audiences to South Bank for both work and play and it will help to cement Grey Street as one of the great streets in Brisbane.

See South Bank newsletter.

Aerial Photos of Brisbane

Mirvac's Newstead Waterfront project

Mirvac's Tennyson project

Pradella's Water's Edge

Kelvin Grove Urban Village

Chermside

South Bank

(photos taken September 2010)

SouthPoint Coming Soon?

Will the SouthPoint apartment and hotel development at SouthBank ever get started? Reported to start later this year. (But they have said that before!) It is a project of the Anthony John Group. Designed by Jackson Teece.

SouthPoint at South Bank

"A premium central city location opposite the CBD Southbank is Brisbanes premier recreation and dining precinct, Southpoint is the last available site in Southbank and will provide a total of 86,433 square metres of GFA in a mixed use development of exceptional design standard.

Drawing on the success of the Emporium mixed use development by the same group, Southpoint will take the recipe further because of its exceptional location and the manner in which it will integrate into the area’s rail and bus interchange. This will not only provide amenity and market value for Southpoint’s residents and business tenants but will also stimulate demand for retail because of the high volume of commuter traffic.

Consisting primarily of three towers providing office, residential and genuine 6 star hotel standard accommodation, all with retail below, the striking architecture of Southpoint will make it a visual and commercial landmark in Australia’s fastest growing city."

www.south-point.com.au and AJG website

NearMaps

Here are some great recent photos from NearMaps of various Brisbane apartment complexes:

• Fresh Toowong & Encore Toowong
• Parklands Sherwood
• Tennyson Reach
• Admiralty Precinct, including Meriton's new development (and here too)
• Newstead River Park
• Hamilton Portside
• Water's Edge site, Flow and Riverpoint
• South Bank, Arbour on Grey

Charlotte Towers, Festival Towers, Felix, Sebel Brisbane: here

South Bank Student Accommodation

Urbanest is operating a student dormitory accommodation building at South Bank, near the TAFE. It has a total of 713 rooms and studios, which are furnished and air-conditioned. The rooms are small and tight -- for example, 5 bedrooms will share a kitchen. And the pricing is amazing -- for example, a studio for one person is listed on the website as being $435 a week, or a bedroom in a 4 bedroom hallway is $336 per week.

For $650 a week, you could rent a large two bed furnished apartment in the Arbour on Grey, or for $750 a luxury two bed furnished apartment in Saville South Bank. So two students sharing a two bedroom apartment would do much better than renting in Urbanest.

South Point at South Bank - New Website

South Point has a new website.

"Take a moment to appreciate the journey that a stroll through a palatial Southpoint residence offers. Once inside, the walls ascend forever and the warm, opulent timber floor implores you to remove your shoes. There are vast living areas, lavish dining rooms and king-sized bedrooms. Lean on the private bar, recline near the classic fireplace, and discover the divine natural stone top kitchen that forms a living space all of its own. There's even the rare luxury of a powder room. This is just a sample of what gives Southpoint Residences their unique difference - there is so much more to be experienced."

Map and Transport

Grey Street South Bank

The Brisbane Convention Centre is upgrading and rebuilding on Grey Street at South Bank.

See this video.

This can only improve the values of apartments in South Bank.

Rentals In Brisbane

It is rental season in Brisbane, and there is strong competition for apartments.  Many people are delaying a buying decision, and so are renting.  Some renters have locked in long term leases, taking these apartments off the market for some time.  Some investors have put their apartments into a short term letting pool for nightly "hotel" rentals.

Rents for decent unfurnished two bedroom apartments are as high as $600 per week.  One bedroom apartments in decent complexes are very popular and hard to find.  Add $100 a week for a furnished apartment.

If you are looking to rent, here are some ideas:

• Ciana Indooroopilly, 2 bedroom rents range from $475 to $600 per week
• Parklands Sherwood, 2 bedrooms from $440 per week; 3 bedrooms from $540 per week,
• Fresh Toowong, 2 bedrooms about $500 to $550 per week
• Admiralty Towers One, which has large apartments
• Arbour on Grey, from $550 per week for a 2 bedroom
• Metro 21, has both furnished and unfurnished, and is not doing short stay rentals so the building is more stable and homely

South Point and Buranda

"ARCHITECT-developer Tony John is willing to bet $1 billion that the run-down suburb of Buranda, in Brisbane's inner south, will be the next New Farm.Mr John has a scheme for a massive residential, retail and commercial project that can only be called immensely ambitious.

He is willing to bet that Brisbane people will be willing to pay about $500,000 for an entry-level one-bedroom apartment measuring less than than 50sq m. Big enough to swing a cat - just. He's willing to bet that they will want to live right next to the truck-laden Logan Rd, over a train line and right next to a busway in a suburb that looks like it has had too much sun and has never been known for urban chic. He's also betting that the housing affordability dilemma will mean people will question if they can afford a home and a car.

But just to show how strongly he feels about Buranda, the man who developed the oh-so-swish Emporium development in Fortitude Valley says he is less confident about his separate plans for 56 luxury apartments at South Bank projected to cost between $2 million and $10 million each. "I would not like to make that call right now," he said...."
See Courier Mail

SouthPoint Residences at SouthBank

Here is an interesting drawing, showing the proposed building at Southbank, with the existing Collins Place building left standing.

The Compass Points North

See SMH

Look out Sydney and Melbourne, the exclusive apartments that are planned along the Brisbane River, the Gold Coast and further north are threatening to steal your limelight.

MONEY IN THE BANK

Roseville resident Rhonda Sear knows how to identify a prime apartment in a quality development. This full-time property investor bought a $1,175,000 penthouse in Queensland's South Bank development in 2004 and sold it 18 months later for $1.6 million. Sear has just listed for sale her three-bedroom, two-bathroom apartment in Norman Reach, a $108-million premium development on the Brisbane River at Norman Park.

Sear bought the apartment for $1,739,000 in 2006 and expects to make a profit despite the softer market. "It's an appealing city and it's a lot more affordable than Sydney," she says. "The key is actually buying the prestige product that has a uniqueness because it should still show strong growth in a soft market because it represents a certain lifestyle."

Sear has also spent $1.51 million on a unit on level 55 of Empire Square, Brisbane.

SouthBank 2026

Southbank2026-1

South Point at South Bank - prerelease

"The soon to be released Southpoint Residences will be the finest and most exclusive of Brisbane’s property market. Situated on South Bank’s last development site, the north-east aspect ensures that your views of the city and the river set you ahead of the rest.

With fifty-six palatial residences perched on top of the next acclaimed Emporium Hotel, you will not only live in the style that you deserve, you will receive six-star treatment morning, noon and night.

These truly unique ‘homes’ will provide spacious living with only the very best of fixtures and finishes. From the ‘his’ and ‘her’ robes to the classic fireplace and the private bar each element has been carefully selected with your comfort in mind.

Southpoint will be delivered by the Developers who brought you the Emporium Precinct; the Anthony John Groups’ attention to detail achieves quality and a lasting sense of style."
Renders here and here

SouthPoint at SouthBank

"The Queensland Government has given the nod for early works to start on a $650 million luxury hotel and residential development next to the South Bank railway station.

It will include restaurants and retail spaces as well as the hotel, cinema and 56 residential apartments."

See Brisbane Times

Ray White Inner City Report

For the 2007 Ray White inner city apartment report, click here.

Grey Street Redevelopment

The street scape at Grey Street at South Bank will greatly improved with the proposed development of Stage Two of the Brisbane Convention Centre. The development will be over the rail line, and will front Grey Street, next to Rydges Hotel. It will improve the street when walking from the Cultural Centre and Museums along Grey Street to the Saville Hotel area.

See South Bank Newsletter.

South Point at South Bank

Apartments and hotel rooms, at South Bank -- will be developed on the Collins Place site in Grey Street behind the Galleria.

Video

South Bank announcement

Photos

News report

Stanley Cove - South Bank

Concepts diagrams of Stanley Cover development at South Bank, which will be located in from of the Park Avenue apartment building, on the river:

http://www.southbankcorporation.com.au/about_us/stanley_cove_boardwalk_redevlopment