Waters Edge

Both towers of Waters Edge on the Brisbane River are now complete.

1, 2 and 3 bedroom apartments now selling:

• 1 bed from $499,000
• 2 bed from $549,000
• 3 bed from $899,000

You can pick up a large 3 bedroom with river views for $1.9M or a 2 bedroom with no views for $629,000. (The agent reports, in a comment below, that the two bedroom has river views. It is on level 5, and is 4 apartments back from the river front apartment. It has side views. It also has views of the commercial building next door.)

[photo of Flow on left, and the two Waters Edge buildings to the right]

The same developer, Pradella, built the Flow complex which is next door. It is always a good idea to see what resale apartments are available to compare pricing:

• 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

The most recent sales in Flow were:

• 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