Tuesday, February 18, 2014
Another Pradella West End Development
There appear to be many more Pradella buildings planned for this plot of land in West End.
Wednesday, January 1, 2014
Pradella developments
Riverside, West End
1 bedrooms from $400,000
2 bedrooms from $540,000
3 bedrooms from $929,000
These apartments will be located behind the Waters Edge complex. Project website.
Skyview, Kelvin Grove
1 bedrooms from $335,000
2 bedrooms from $524,000
3 bedrooms from $789,000
Settlement expected late 2014.
Canvas, South Brisbane
1 bedrooms from $346,000
2 bedrooms from $575,000
Settlement expected mid 2014.
Urban Edge, Kelvin Grove -- development completed
1 bedrooms from $429,000
2 bedrooms from $539,000
Waters Edge, West End -- development completed
2 bedrooms from $600,000
3 bedrooms from $889,000
Parklands at Sherwood - development completed
from $395,000
Monday, August 1, 2011
Waters Edge
1, 2 and 3 bedroom apartments now selling:
- 1 bed from $499,000
- 2 bed from $549,000
- 3 bed from $899,000

- Two bedroom, 4th floor, river views, 144 sqm - $995,000
- Two bedroom, lower floor, $995,000 (they are dreaming!)
- Two bedroom, rear of building, no views - $615,000 (seems too high to me)
- Two bedroom, on side of building, weird design $675,000
- Three bedroom, ground floor, 190 sqm - $1,000,000
- Apt 81 (2 bedrooms, with river views) for $1,030,000 (which was slightly more than the off-the-plan price for this apartment).
- Apt 15 (2 bedrooms at rear) $540,000 (capital loss of $25,000 from off-the-plan sales price)
- Apt 48 for $590,000
- Apt 73 for $439,000 (capital loss of $50,000)
- Apt 65 (2 bedrooms) for $525,000 (capital loss of $115,000)
- Apt 62 (3 bedrooms) for $1,150,000
Friday, April 22, 2011
Good Size Two Bedroom Apartments in Brisbane
- Flow West End, 144 sqm
- Admiralty Towers, 129 sqm
- Quay West Brisbane, 128 sqm
- Waters Edge West End, a number of designs over 120 sqm
- Saville South Bank, 120 sqm
- Metro 21, 119 sqm
- Admiralty Two, 116 sqm
- Ciana Indooroopilly, 113 sqm to 132 sqm
Saturday, January 22, 2011
Pradella
Pradella, I wonder….. who you fed your big fat envelope to! When you were spruking to purchasers that the 1974 flood height was to the level of the swimming pool and that the complex would be built 2.5 metres above this height so that there would never be any flood risk.
I was assured when I purchased my apartment Parklands @ Sherwood from Coldwell Banker the selling Agents for Pradella Developments that the complex would not flood as it was built 2.5 metres above the 1974 flood levels. Do you think I would ever waste my money buying an apartment which was in the 1974 flood zone.
Who do you hold responsible? The Developer Pradella, The Water Board!, and/or the Brisbane City Council who aided and abetted in the development.
Why did Queensland Water allow a massive discharge of 645,000 megalitres from Wivenhoe Dam on Tuesday, at the peak of the flood crisis.
Between cleaning up and moving out on Tuesday 12 January 2011, several owners have expressed dismay that the only people that Pradella’s on site Managers addressed was their 30 or so rental Property tenants not once in their address did anyone from PRADELLA acknowledge the huge financial losses now impacting the Owners, nor the disruption to living and the associated expenses imposed as a result of water inundation.
Somebody from Pradella maybe even Mr Kim Pradella himself should explain to property owners the true flood levels and the Council should consider why the development, should have been approved!
Confused – Angry Lot Owner"
Wednesday, January 19, 2011
Flood Building Update From Readers
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."
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
Friday, December 17, 2010
Aerial Photos of Brisbane
Mirvac's Newstead Waterfront project
Mirvac's Tennyson project
Pradella's Water's Edge
Kelvin Grove Urban Village
(photos taken September 2010)
Thursday, December 2, 2010
Top End Heading Towards The Bottom
Here is evidence that, despite what real estate agents and developers tell you, the top end apartment market is not going great. Many people have overpaid in the past 4 years.
Apt 80 in Flow, at West End, now listed for $1,850,000. This is a massive 4 bedroom, 3.5 bathrooms, 4 car, riverview penthouse apartment. It is 272 sqm internal, and 370 sqm total floor space. It has been for sale for a while. It went to auction in March 2009 and did not sell. (It was purchased off-the-plan in 2006 for over $2.3M. I think a real estate agent's investment company purchased it, but am not sure. So with stamp duty and interest, a loss over well over half a million bucks!)
By comparison, Apt 23, on a lower floor (3rd floor -- partial river views) - 3 bedrooms, was listed for sale by the developer for $1.4M in November 2007.
Or the same developer, Pradella, was selling apartments off-the-plan in Waters Edge next door in May 2008 which are not as good for $1.9M to $2.2M (these are A1 and A2 apartments, 159 sqm, 3 bedrooms).
So you can see that prices being paid for expensive apartments have not held up. (Flow and Waters Edge and Riverpoint are not the greatest locations, looking west, in a semi-industrial area a long walk from any facilities. Infrastructure touted by developers 4 years ago has not arrived.)
If Flow has been a bad investment for some, what about a $4.5M capital loss. See this story.
Tuesday, June 29, 2010
Waters Edge Update
Saturday, May 8, 2010
Ferry Road, West End
Sunday, March 21, 2010
Promised Infrastructure
Tuesday, February 16, 2010
Sunday, October 11, 2009
New Apartment Developments in Brisbane
There are very few new apartment developments in inner city Brisbane under construction and nearing completion. This is good news for owners of existing apartments, as the number of apartments available for sale will not increase dramatically in the next few years. This is my list:
- Evolution - completed last year, overpriced, developer trying to sell remaining apartments
- Vision - developer in bankruptcy situation - unclear if this will proceed, and if so, in what form
- Trilogy - on hold
- Meriton's Soliel - under construction
- Meriton's Herschel Street highrise - advertised by Meriton as coming soon
- Devine's Hamilton Harbour - not in inner city - construction to commence January 2010, maybe Devine's last apartment project in Brisbane
- Rive at Breakfast Creek - construction commencing
- Waters Edge at West End - first stage: ground works commencing
- Riverpoint at West End - first stage under construction
- Code at Bowen Hills
- Multiplex's Promenade at the Hamilton shipping terminal
- Mirvac's Waterfront at Newstead
- Macrossan Towers, under construction, one apartment per floor
- Yungaba at Kangaroo Point, about to start pre-sales in the next month
- Mosaic, in the Valley, in presales
Sunday, July 19, 2009
Brisbane
"Meanwhile recent investor confidence has buoyed Brisbane's luxury apartment market, according to analysts."
"Development group Pradella has sold 73 per cent of the 54 apartments off the plan at West End development Waters Edge."
"However, the forces affecting Brisbane are similar to Melbourne but the Gold Coast has an apartment oversupply. Both Melbourne and Brisbane are feeding on the fact that Sydney dwellings are just too expensive and the shortage is making the situation worse."
Business SpectatorTuesday, March 10, 2009
Water's Edge Progressing But Slowly
"Waters Edge has received a fantastic response since its October launch late last year and has now achieved 50 sales in total to date. Despite the uncertain times, investors are regaining confidence and returning to the property market. Waters Edge, located on the river at West End, is testament to this with 2 apartments sold within the last week, with a further 3 expressions of interest obtained."
Sunday, December 7, 2008
Water's Edge Update
From a Pradella newletter:
"Despite Brisbane's uncertain property market, buyer confidence remains strong for Waters Edge with an unprecented $40 million in sales made since its launch. Forty-eight of the 221 apartments have sold to a mix of investors and owner-occupiers, as buyers look to quickly capitalise by purchasing at the unique site."
"Consisting of two eight-storey buildings, named Drift and Reach, one, two and three bedroom apartments are available, priced from $540,000.In addition to the apartments, there are 32 premium absolute riverfrontage apartments called the Riverfront Collection that have a total area of between 188-332m2, consist of 3 bedrooms, 2 bathrooms plus a separate multi-purpose room and study, priced from $1.795 million are for buyers searching for the ultimate in inner-city luxury living."
Friday, November 7, 2008
Waters Edge on the Edge
A friend forwarded an email to me, recently received from Pradella, that included the following:
"Pradella have adjusted the pricing of some of the apartments in ‘Reach’ at Waters Edge. We have now sold 50 apartments, but we need to keep moving toward our pre sales targets, hence the pricing adjustments. The 1 beds have not been adjusted, but some of the 2 bed plus 1 bath, and 2 bed plus 2 bath have, and there are some very good buys to be had."
My guess is that no construction will commence until there are about 100 pre-sales.
Monday, November 3, 2008
Water's Edge at West End Update
"Pradella have adjusted the pricing of some of the apartments in ‘Reach’ at Waters Edge. We have now sold 50 apartments, but we need to keep moving toward our pre sales targets, hence the pricing adjustments. The 1 beds have not been adjusted, but some of the 2 bed plus 1 bath, and 2 bed plus 2 bath have, and there are some very good buys to be had."
My guess is that no construction will commence until there are about 100 pre-sales.