Kangaroo-Point-The-Marc-Brisbane

Kangaroo Point, Brisbane

From A$572,500
Size - 904-980 sq. ft.

Estimated Yield

4.60%

The development at Kangaroo Point is a multi-faceted development bringing city-style living to Brisbane’s newest urban renaissance neighborhood. Urban chic, with convenience to the max and close to everything: shopping, dining, transport, parklands and open spaces, entertainment, restaurants, bars and cafés.

Created for the design and lifestyle savvy, the spacious architecturally designed apartments combine exhilarating city aesthetics with uber-cool comfort.Secure outstanding quality and value now, in the location riding high on Brisbane’s property radar.

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The location at Kangaroo Point

Kangaroo Point is ready to shine, reinvented as a vibrant neighborhood with a lively inner city vibe. This is where Brisbane history meets the new urban chic, just 1.5km across the river from the CBD. Setting the pace, these contemporary new apartments on the most high profile corner of Main Street. Just like the new Kangaroo Point itself, sharpened up and attracting serious attention, this development will be a magnet for urban professionals and creatives, the students filling the local tertiary campuses and investors with a keen sense of capital gains to be made.

Getting around the hotspots from here is a snap. Walk, catch the bus, CityCat or ferry, drive the Clem7 cross-river tunnel in mere minutes. A pedestrian bridge linking Kangaroo Point with the CBD is a council priority project. Quick and easy access to the city, Woolloongabba, South Bank, Fortitude Valley, the clubs, pubs, designer stores, specialty providers and the hippest eateries and bars make Kangaroo Point the place to be.

KANGAROO POINT IN PROFILE
Positioned directly across the river from the CBD, Kangaroo Point is Brisbane’s Kirribilli – easily accessed and highly desirable. This key advantage, plus proximity to South Bank parklands, is a main factor in the decision by boutique hotel and resorts operator Banyan Tree to bring their international brand to a site just 150m away. To be developed as top end apartments, the purchase is a substantial vote of confidence in the Inner Brisbane residential market – confirming Kangaroo Point as the one to watch on the property radar.

Boosting Kangaroo Point’s appeal is its unrivalled transport connections, including road, bus, CityCat, ferry and the Clem7 cross-river tunnel. It’s also a very walkable location, achieving a Walk Score™ of 82/100. Neighboring Woolloongabba is the site for the world’s first combined underground bus and rail tunnel, planned to link the adjoining suburb of Dutton Park with Brisbane’s inner north. The $5 billion bus and train (BaT) project proposes three new transit stations – one only 500 meters the development.

Popular pubs and award-winning restaurants are all around. The city’s premier antiques and dining precinct is situated in Woolloongabba, with award-winning restaurants, cafés, quirky bars and fascinating shops. The area is also home to the internationally famed Gabba stadium. Local picnic spots include peaceful areas beneath the Story Bridge and the Kangaroo Point cliffs, in Mowbray Park and Raymond Park. Excellent walking and bicycle paths connect with South Bank and the City Botanic Gardens at Kangaroo Point.

The development is one of a kind in Brisbane. Explicitly designed for a location brimming with energy and vitality. Ultra spacious, mega stylish, at the smart edge of current design, with all the essential comforts. Over nine levels, the development incorporates 69 one and two bedroom apartments – with one or two bathrooms and a secure basement car park. Many apartments enjoy great views of the river, the CBD or towards Moreton Bay. From the residents-only recreation deck on level 9, stunning vistas stretch out in all directions.The clean-lined exterior façade is Art Deco inspired. A simple silhouette offsets bold characteristics with fine detailing. Well-sized apartment interiors capture the modern mood. The clarity of Danish-inspired design is functional and accessible, graceful and beautiful.

Stylish kitchens integrate fluently with living spaces, so entertaining is sheer pleasure. And extra-generous balconies are all about living large: whether it’s dinner for two or inviting everyone round for drinks before a night out. The development brings coffee culture and eclectic retail on site, too, with a street-level café and shops.

Must-have amenities include pay TV and ADSL Internet, air-conditioning and intercom security. Another advantage: specially negotiated bulk electricity discounts for occupiers.

The increase in Kangaroo Point’s median apartment price in the past 12 months is one of the highest growth rates of all suburbs within inner Brisbane over this period. The vacancy rate for permanent rental accommodation in Brisbane is currently just 2.4%. Anything under 3% suggests a significant shortfall of suitable product. According to the Residential Tenancies Authority, 120 new rental bonds are lodged each month in the 4169 postcode (which includes Kangaroo Point).Given that 60% of households in Kangaroo Point are renters, it’s no surprise that there’s robust demand. This is one of the highest proportions of renter households of any suburb in Queensland – a key indicator of strong demand for new apartments.

Also driving the tight vacancy rate in Kangaroo Point is the scarcity of new apartments for sale. According to the latest data, Brisbane’s Inner East (which includes Kangaroo Point) contains just 4% of inner Brisbane’s supply of new residential apartments – compared with 54% across the Inner North and 30% in the Inner South.

This development at Kangaroo Point presents as a destination with a soul, prized by all who admire individual artistic expression. It’s also in one of the most upcoming areas, which bodes very well for strong appreciation. To find out more regarding this development, please click on the thumbnail below.

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