New­stead life­style

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STRONG in­ter­est is ex­pected in the sec­ond stage of Mir­vac’s bil­lion dol­lar plus Water­front, de­vel­op­ment when it is re­leased to the mar­ket to­day.

Named Park, the sec­ond stage will open up the pres­ti­gious com­mu­nity to a wider range of pur­chasers in­clud­ing first-home buy­ers and in­vestors with its af­ford­able price points.

The ar­chi­tec­turally de­signed com­plex fea­tures a 16-storey and eight storey tower and will com­prise 102 two and three-bed­room apart­ments, five one-bed­room apart­ments and a ground floor re­tail space.

Mir­vac Queens­land chief ex­ec­u­tive De­vel­op­ment Matthew Wal­lace said Park would have broad ap­peal and the pric­ing would en­able a sig­nif­i­cant sec­tor of the Bris­bane com­mu­nity to se­ri­ously con­sider it as a life­style op­tion.

He said the project’s river­front first stage Pier North and Pier South had an av­er­age price of around $3 mil­lion, rep­re­sent­ing the de­vel­op­ment’s pre­mium prod­uct.

“How­ever, with Park we have been able to lower the en­try price con­sid­er­ably and res­i­dents will still get to use and ap­pre­ci­ate all the com­mu­nity fa­cil­i­ties within the project as well as en­joy­ing su­perb views from all lev­els,” Mr Wal­lace said.

To be re­leased across seven stages, Pier, Park, Lake, Shore, Sky and Water­loo, Water­front, New­stead is a mas­ter­planned com­mu­nity on Bris­bane’s river­front.

Tak­ing cen­tre stage within the com­mu­nity will be a 10,000sq m lake that will be com­ple­mented by more than five hectares of park­land to cre­ate an in­ner-city recre­ation space for the com­mu­nity to en­joy.

All but three apart­ments within Park will boast views of Water­front Park with 98 per cent en­joy­ing di­rect frontage and nearly the same amount en­joy­ing river glimpses.

In line with Mir­vac’s tra­di­tional apart­ment prod­uct, the 23 three-bed­room apart­ments have been de­signed for max­i­mum live­abil­ity.

At the same time, the 65 two-bed­room apart­ments pro­vide own­ers with ad­e­quate liv­ing space and have been de­signed to cap­ture breezes.

Each of the apart­ments will in­clude a range of ap­pli­ances as stan­dard, in­clud­ing in­te­grated re­frig­er­a­tors and freez­ers, dish­wash­ers, mi­crowaves, wash­ing ma­chines and dry­ers.

Mr Wal­lace said the apart­ments in the south tower would also fea­ture in­te­grated tele­vi­sion plinths to max­imise the floor space.

“The whole aim was to make mov­ing into th­ese prop­er­ties a sim­ple propo­si­tion with the need to only bring or up­date soft fur­nish­ings,” he said.

Set on more than 10 hectares, the de­vel­op­ment’s perime­ter is sur­rounded by the tree-lined Sky­line Ter­race which will ex­tend through the site to Break­fast Creek Road.

Run­ning through the de­vel­op­ment is a pedes­trian arc that pro­vides ac­cess to the myr­iad of cafes, restau­rants and shop­ping fa­cil­i­ties that will line the ter­race.

Mr Wal­lace said Water­front was vir­tu­ally a mini-sub­urb in the mak­ing and once fin­ished would be a com­mu­nity fa­cil­ity for the whole Bris­bane com­mu­nity to en­joy.

“The fact that we are go­ing to de­liver all the park­land and the lake as part of the first stage means that the sur­round­ing res­i­dents will also reap the ben­e­fits im­me­di­ately once the first stage is com­pleted,” he said.

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