Friday, 28th Jul 2017
Owner occupiers have outstripped investors when it comes to snapping up the latest apartments in Riverside West End, according to the recent sales figures.
Almost 70 per cent of sales of new apartments in the Riverside precinct within the last 12 months have been made by first home buyers and people downsizing their family homes.
Pradella’s 5.3-hectare masterplanned Riverside West End is attracting owner occupiers drawn to the quality finishes and large airy apartments within the precinct, which is just 3km from the Brisbane CBD.
First home buyers have made the most of the $20,000 First Home Owners’ Grant (recently extended until end of 2017), securing affordable homes that come with resort-style amenities like onsite lap pools, gyms, landscaped gardens and stunning entertainment areas, all within central West End.
Owner occupiers who have downsized\ are moving into the exciting Riverside precinct in droves, after maximising the equity in their family homes to upsize their lifestyle.
Both groups of astute owner occupiers have recognised that an investment in Pradella’s Riverside West End is worth it.
Not only are they securing themselves luxurious, meticulously designed apartments with modern and deluxe amenities, they are buying into a vibrant neighbourhood with the hottest cafes and restaurants on their doorstep.
They also have the convenience of plenty of transport options, including regular buses, ferries, bike and walking paths; as well as easy access to some of the city’s best schools, universities and cultural venues.