6-8 KYABRA STREET NEWSTEAD
6-8 Kyabra Street Newstead, Qld
– $415,000 – $670,000
Richardson & Wrench Projects has secured a fantastic development in the upmarket suburb of Newstead Brisbane, Newstead is located only 3km North East from the Brisbane CBD. The suburb is part of a huge re-gentrification program that started over a decade ago, the main strategy was to transfer the suburb from its industrial past into a cosmopolitan inner city suburb. Part of this re-gentrification included new commercial buildings to host multinational corporations such as Bank of Queensland, Virgin, Leighton and Macquarie Bank. These firms saw the potential in the suburb as a prime location as a flagship office hub and also a place where its employees would want to live and play. The Gasworks $1.1 billion redevelopment is an oasis of coffee shops, fine dining and bespoke shopping, set to be overwhelmed by the local demographic. Newstead is a highly affluent area with young high earning professionals living an opulent lifestyle.
Hopscotch Apartments is a boutique development of only 48 units with a mix of 1 and 2 bedrooms. The developers, Stosco Management, are a boutique Brisbane property development company owned and operated by Michael Rametta and Sergio Tosoni. They have undertaken a number of projects, together and individually over the past 30 years. As such they take pride in their produce and have provided high end inclusions. Each apartment has an underground security garage and a low body corporate fee.
Now is an excellent time to enter the Brisbane market place. Many property economists are predicting that Brisbane is set to follow Sydney with 10% growth not out of the question.