First Queensland apartments launching soon
28 June 2021
Cedar Woods is gearing up to launch its first apartment project in Queensland, within the masterplanned community of Greville, located in Wooloowin, just five kilometres from Brisbane’s CBD.
Francis Apartments, designed by award-winning local architects Rothelowman, will boast 58 one, two and three-bedroom residences across six levels, priced from the high $300,000s, providing an affordable entry to Brisbane’s highly sought-after city fringe market.
The launch of Francis, anticipated for mid-year, follows strong sales across Greville’s three townhome releases, with the latest release averaging $835,400, and appealing predominantly to local owner-occupiers, particularly downsizers.
The new apartment release is expected to open the community to new buyer demographics, with interest anticipated from first time buyers, investors and young professionals.
In Wooloowin, the median house price reached more than a million dollars ($1,006,561) in March 2021, following a 15 per cent price increase in the past year along, according to CoreLogic, making it one of Brisbane’s newest suburbs with a home value averaging six figures.
Cedar Woods’ Development Director, Peter Starr said they’ve had young buyers who felt they were being priced out of the Wooloowin housing market.
“The heat in the housing market had led to a significant jump in demand for quality apartments.
With the high cost of purchasing an existing home or renovating within the inner-city fringe, apartment living is becoming even more highly sought after, said Mr Starr.
“This is not only due to affordability, but a range of lifestyle factors, including the lower maintenance lifestyle that comes with owning an apartment and minimal repairs and upkeep compared to an established property.
“Convenience is also high on the list for apartment purchasers, which is why Wooloowin is proving so popular.
“The suburb is in high demand due to its proximity to the CBD, airport and accessibility to excellent transport networks. It has a great reputation for amenity, with an array of local restaurants, cafes, schools and parks within easy reach.
Francis Apartments presents a rare chance for purchasers to position themselves in this sought-after locale at an entry level price.”
Francis Apartments will offer a range of floorplans designed to suit different lifestyles and allow residents to make the most of the Queensland climate, with free flowing indoor-outdoor spaces positioned for many apartments to capture stunning city views.
For more information, or to register your interest please visit grevillewooloowin.com.au