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THE SKY IS THE LIMIT

 

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The chance to live in one of Australia’s most iconic residential towers is an exciting prospect for buyers from all around the globe – and it’s soon to become a reality.

Soaring 90 storeys above the city, Brisbane Skytower will be Brisbane’s tallest apartment building and feature the third highest habitable units in the country. The $1 billion development is the latest project by Billbergia, and forms a dramatic addition to the city’s skyline while encapsulating Brisbane’s relaxed yet sophisticated ambiance.

Capital Value International Group’s (CVIG) CEO and Principal Chandra Leonardi is giving buyers a first-look at this landmark building. “This is the quickest selling development in Brisbane,” he says. “A project like this is a once-in-a-lifetime opportunity because of its stature and the value-for-money that the Brisbane market is currently offering.”
CVIG has strong connections with the Indonesian investment market. The company has offices in Hurstville and Jakarta that help to form a bridge for South East Asian investors to capitalise on Australia’s premium property market. Capital Value is one of Billbergia’s top selling agencies and the best performing in the Asian market. The team are working hard to keep pace with the immense demand for Skytower apartments.
Sales Manager at Billbergia, Lulu Chen is extremely impressed with the progress Leonardi’s team is making. “Having skilled professionals like Capital Value International Group representing the sales is tremendous,” she says. “The company has an established client base in Australia as well as an international reach to the Asian market. It’s a really effective strategy.”
Prices start at $490,000 for a 63sqm, one-bedroom, one-bathroom apartment and can get up to $15m for a luxury penthouse. Leonardi is representing sales for each of the five different market segments ranging from Downtown, Uptown, Sky City, Sky Rise and selection_005Penthouse, each strategically positioned so there is never an oversupply of any one type of layout or price point.
Brisbane CBD is one of the lowest residential off-the-plan markets in the country. Currently, residential apartments in Brisbane CBD represent only 4% of off-the-plan supply so the area doesn’t seem to have the oversupply issues experienced in other capital cities.
“Rental demand within inner city Brisbane has outperformed all other states” says Leonardi. “And with Brisbane CBD property selling at about a third of Sydney CBD prices, investors are
understandably showing a lot of interest.” Leonardi is also optimistic about the local market’s prospects with experts predicting Brisbane to achieve the best capital growth of all major cities over next three years.
Situated at 222 Margaret Street, the 274-metre-high ‘Skytower’ is right in the heart of the new Queens Wharf precinct, an area undergoing a $2 billion infrastructure upgrade. When it comes to convenience and lifestyle you can’t go past this popular inner city location where just footsteps from the front door you can grab a coffee, chat in a wine bar or dine in some of the city’s best riverside restaurants.
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