RARE CHANCE ARISES
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.