Unison development in Brisbane's inner north was launched yesterday with Lord Mayor Graham Quirk joining Mirvac for a sod-turning ceremony.
Unison is the third stage of Mirvac’s premiere Waterfront precinct - which includes the Pier and Park Residencies – and marks the developer’s next residential construction project in Queensland.
Lord Mayor Graham Quirk said the development was another positive injection into the emerging Newstead area.
“Over the last year Council has given the go ahead for nine significant developments in Newstead, which will see over 1,400 units in 10 towers pop-up in the suburb,” Cr Quirk said.
The Waterfront development has delivered close to $420 million in sales to date, and includes Pier’s $14.25 million penthouse.
However, with one bedroom apartments priced from $375,000, Unison will meet the increasing demand for attainable, yet sophisticated, urban dwellings in one of Brisbane’s most sought after areas.
Related Article: Project Profile: Unison By Mirvac, Newstead Brisbane
Mirvac’s Group Executive, Residential, John Carfi, said Mirvac was delighted to be building again in Brisbane.
“It has been a couple of years since the completion of our last apartment construction and we are pleased to see that demand for our high-quality yet attainable homes has not waned," he said.
“We’ve seen an unprecedented level of interest in Unison since its launch, and the results of the public release reinforced just how popular the development is with those looking for the ease of city living coupled with a local community feel.”
High demand for Unison’s stage one development, Unison South, has resulted in plans to launch the second stage, Unison North, to the public earlier than anticipated.
“All signs point to us needing to launch Unison North much earlier than we’d originally projected,” Mr Carfi said.
“We’re looking at the public release happening this side of Christmas rather than mid-next year, which is great news for the business and demonstrates that we really have got it right with this development.”
“High-quality residential developments attract equally high-quality retailers and commercial operators, creating emerging pockets in Brisbane, like the momentum we’re seeing in Newstead.
Figures from Mirvac's Newstead-based Unison development has showed that Brisbane property buyers are increasingly purchasing locally.
Brisbane buyers represented the greatest portion of sales at the recent release, with 61 per cent of local purchasers living within three kilometres of Newstead.