Having reached virtual completion, Brisbane owner-occupier property buyers are expecting to move into a new townhouse project, Canopy Bardon, before the end of January 2017.
The project was developed by Pradella Property Ventures and marketed by Position Property, and displayed a renewed faith in the underlying strength of Brisbane’s unit and townhouse market after recently reaching 95 per cent sold to owner occupiers.
Position Property Director Richard Lawrence said 38 of the 40 townhouses on offer had sold off the plan to owner occupiers in comparison with other projects with much higher rates of investor sales.
“Canopy Bardon is a high quality project in the foothills of Mt Coo-tha with homes in the townhouse stage selling from $709,000 to $929,000,” Mr Lawrence said.
“This outstanding level of demand provides further evidence that Brisbane’s attached dwelling market remains robust, especially for projects with a unique design edge that appeals to owner occupiers.
“We worked closely with the developer of Canopy Bardon to ensure the location, design and inclusions in the townhouse stage would meet the expectations and budget of the project’s target market," he said.
Canopy Bardon townhouses enjoy private native bushland views and feature luxury ensuites and walk-in robes, gourmet kitchens, American oak floors and flowing indoor/outdoor living areas.
Each home has a colour palette to complement the surrounding environment with an emphasis on woods, metals and earthy tones, and set amid pedestrian-friendly, green streetscapes.
Mr Lawrence said the lesson from Canopy Bardon was to work hard to deliver unique apartment and townhouse projects that put the needs of owner occupiers first.
“The days are gone when you can simply produce dull and unimaginative unit developments and expect that investors and owner occupiers will turn up just because of the location and price,” he said.
“We are seeing more and more discerning buyers who know there is plenty of product on the market and can afford to pick and choose to get the architecture and style they want.
"Smart investors also know that the first rule of a successful investment property is that people must want to live there.”
Mr Lawrence said Canopy Bardon’s location only five kilometres from the Brisbane CBD was also another big drawcard for owner occupiers.
“Infill sites that are within a few kilometres of the city and large enough to accommodate quality projects like this are becoming increasingly rare.
"This scarcity will only grow given the new target of 60 per cent urban infill development in the draft South East Queensland Regional Plan.”