Posted by admin on 23 June 2010
I bumped into a friend at Oliver’s in Melbourne Street today and had a quick chat about his plan to purchase a second apartment in South Brisbane and he asked for my opinion. Paul’s been looking for a while, and this time he’ll be moving in (he’s already spoken to us about property management!) Here’s a brief summary of what I told him I think is important:
1. Avoid the busy streets. There’s a strong business presence in South Brisbane, but some streets are quieter than others. Silhouette in Manning Street and Que in Edmondstone are well located, but avoid most of the traffic.
2. Smaller buildings are better. Many buildings in South Brisbane have 100 or more apartments and these tend to be busy. Gala in Hope Street and Greenwich in Cordelia Street both have less then 50 apartment in each, so it is possible to avoid the usual ’stranger’ feel that you get in big buildings.
3. Big blocks make for big turnover. Avoid Buildings with a large number of apartments as this usually means a large number of apartments for sale at any one time. Competition from other apartments within won’t make it easy if you make the decision to sell sometime in the future and need to sell quickly.
4. Find a building with lots of owners. Whilst most South Brisbane apartments are tenanted, there are still a few buildings full of owners. Riviera II and Northbridge in Vulture St have a good mix of tenants and owners, and both building managers are very proactive in their approach to keep things neat and tidy.
This is just a snapshot for what you might like to consider if moving into South Brisbane. It’s not rocket science, but it can make a big difference when the time comes to sell.
Tags: Gala Apartments South Brisbane, Greenwich on Cordelia South Brisbane, Melbourne Street South Brisbane, Northbridge Apartments South Brisbane, Que on Edmonstone South Brisbane, Riviera II South Brisbane, Silhouette Apartments South Brisbane
Posted in Brisbane's sales market, South Brisbane and South Bank, trends in Brisbane property | No Comments »
Posted by admin on 9 April 2010
As the Bees Nees’ specialist in South Brisbane I spend a lot of time in the suburb’s apartment buildings. In this series of posts on South Brisbane apartments I’ve profiled some of them to give you a taste of life in this exciting suburb!
Greenwich on Cordelia Apartments – 14 Cordelia St, South Brisbane
| Number of apartments |
24 |
| Developer |
Aria Property International |
| Size and previous land use |
911m2, industrial shed |
| Builder |
CMF Projects |
| Architects |
Kowalski Architects |
| Year of completion |
2005 |
| Number of 1 bedroom apts |
4 |
| Number of 2 bedroom apts |
10 |
| Number of 3 bedroom apts |
10 |
| Amenities |
Residents can choose to entertain at home in their apartment or on the rooftop terrace with a plunge pool and spa, bbq and large entertaining area. |
| Other comments |
Greenwich Apartments is a boutique development of only 24 spacious one, two and three bedroom apartments with stunning views to the city and across South Brisbane. |
| Recent sales |
Dec 2009 1 bed $350,000; August 20093 bed $590,000 For an estimate of the current sale price of your apartment please call Josh Manson on 07 3214 6800
|
| Current rents |
2 bed 2 bath rented in January 2010 for $550; 2 bed 2 bath rented in March 2010 for $600 For an over the phone estimate of current rents in Greenwich please call our Property Management team on 07 3214 6899 or email info@beesnees.com.au |
| Views and aspect? |
North to the city and south across West End |
| Are pets allowed? |
Yes, with body corporate approval |
Do you live in the Greenwich apartments? Tell us what you think – we’d love to hear your comments!
Rooftop outlook of Greenwich apartments over Brisbane city
The interiors of a top floor 2 bedroom apartment at Greenwich
The 6 storey Greenwich Apartment building in South Brisbane
The rooftop plunge pool at South Brisbane's Greenwich Apartments
For more info or an estimate on the current market price of your Greenwich apartment please call Josh on 0404 423 530.
Tags: Aria Property Brisbane, Cordelia Street South Brisbane, Greenwich on Cordelia South Brisbane, Kowalski Architects Brisbane, South Brisbane apartment buildings
Posted in South Brisbane and South Bank | No Comments »
Posted by admin on 27 March 2008
Tucked in with the mailman’s delivery of Easter cards, this year’s land valuation notices held a sting for plenty of inner Brisbane property owners. These are the official numbers the state government assigns to every piece of real estate, and they’re used to work out how much you’ll pay in Council rates and, for a large number of property owners, land tax.
In South Brisbane we’ve seen a number of jumps over 50% in just one year, with one Peel Street property (Soho Apartments) rocketing 74%. Across the whole city we’re told the rise was a to-be-expected 16%, but the department confound us each year with their process. The “unimproved capital value” (see your UCV on your BCC rates notice) is supposed to be based on the notional value your land would be worth with no building, fences, levelling etc. So to determine this they look for recent sales in your area of vacant or “lightly improved” properties and work back from there. If anyone’s seen any vacant land selling around the inner city let us know…
If you own an apartment you won’t get the notice as it goes direct to the body corp. But you will get the rates and land tax increases that result. If you own at Aurora Tower or Oxygen Apartments your taxable value just leapt 29%; Que and Greenwich at South Brisbane were up 53%. Might be worth asking your committee if they plan to appeal the amount?
Land tax kicks in as soon as you own property worth a combined $600,000 (or $350,000 if held in a company name), so for many inner city suburbs that’s just one property! You don’t have to be a wealthy old landlord to be copping this state tax.
The outcome? Higher costs of owning real estate and higher rents for tenants.
Tags: Aurora Tower Brisbane, body corporate issues Queensland, Brisbane City Council, Brisbane property valuation, Greenwich on Cordelia South Brisbane, land tax, Oxygen Apartments Spring Hill Brisbane, Que Apartments South Brisbane, Soho Apartments South Brisbane, Unimproved Capital Valuation Brisbane
Posted in property taxes and rates etc | No Comments »
I bumped into a friend at Oliver’s in Melbourne Street today and had a quick chat about his plan to purchase a second apartment in South Brisbane and he asked for my opinion. Paul’s been looking for a while, and this time he’ll be moving in (he’s already spoken to us about property management!) Here’s a brief summary of what I told him I think is important:
