One of Bris­bane’s old­est sub­urbs, dom­i­nated by tra­di­tional Queens­lan­ders and tall eu­ca­lyp­tus trees, is set to wel­come a new­comer. Car­bone De­vel­op­ments is build­ing 32 lux­ury apart­ments in Alder­ley, a sub­urb tra­di­tion­ally dif­fi­cult to buy into.

Alder­ley Rise will sit on Wake­field St, with two and three-bed­room apart­ments start­ing from $485,000. Car­bone De­vel­op­ments’ di­rec­tor Tony Car­bone said the project was a good op­por­tu­nity for owner-oc­cu­piers to ac­cess the tightly-held Alder­ley mar­ket.

“Alder­ley is a dif­fi­cult area to buy into. In ad­di­tion to there be­ing lim­ited op­por­tu­ni­ties, the me­dian house price is $720,000,” Mr Car­bone said. “Our 32 well-priced Alder­ley Rise res­i­dences will of­fer a strong al­ter­na­tive to cur­rent avail­able prop­er­ties. The apart­ments are spa­cious, with two-bed­room layouts rang­ing from 100sq m to 130sq m.”

The large apart­ments will fea­ture in­te­rior-de­signed layouts and fin­ishes, as well as green Alder­ley views – and only 7km from the CBD.

Ray White’s di­rec­tor of pro­jects and in­vest­ment sales, Elisa McMa­hon, said Alder­ley Rise had been de­signed with owner-oc­cu­piers in mind. “Th­ese stun­ning, over­sized apart­ments will par­tic­u­larly suit young pro­fes­sional cou­ples look­ing to buy their first prop­erty or empty nesters ready to down­size from the fam­ily home,” Ms McMa­hon said.

After work­ing in Bris­bane’s res­i­den­tial prop­erty mar­ket for 20 years, Ms McMa­hon said the key in­gre­di­ent for de­vel­op­ment suc­cess was main­tain­ing long-term fo­cus.

“The proof of a great de­vel­op­ment is how it en­dures be­yond the fi­nal sale. It is not enough to cob­ble some­thing to­gether in a hot prop­erty mar­ket; the en­tire de­vel­op­ment process must have the fu­ture in mind,” she said.

Alder­ley Rise is due to be re­leased soon. The three-storey de­vel­op­ment will fea­ture a lift, se­cure un­der­cover park­ing and a com­mu­nal rooftop bar­be­cue area.

Alder­ley Rise is Car­bone De­vel­op­ments’ lat­est project with two and three-bed­room lux­ury res­i­dences priced from $485,000.

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