Post a Comment On: Brisbane Apartment

Both towers of Waters Edge on the Brisbane River are now complete.1, 2 and 3 bedroom apartments now selling:1 bed from $499,0002 bed from $549,0003 bed from $899,000You can pick up a large 3 bedroom with river views for $1.9M or a 2 bedroom with no views for $629,000. (The agent reports, in a comment below, that the two bedroom has river views. It is on level 5, and is 4 apartments back from the river front apartment. It has side views. It also has views of the commercial building next door.)
[Image][photo of Flow on left, and the two Waters Edge buildings to the right]
The same developer, Pradella, built the Flow complex which is next door. It is always a good idea to see what resale apartments are available to compare pricing:Two bedroom, 4th floor, river views, 144 sqm - $995,000Two bedroom, lower floor, $995,000 (they are dreaming!)Two bedroom, rear of building, no views - $615,000 (seems too high to me)Two bedroom, on side of building, weird design $675,000Three bedroom, ground floor, 190 sqm - $1,000,000The most recent sales in Flow were:Apt 81 (2 bedrooms, with river views) for $1,030,000 (which was slightly more than the off-the-plan price for this apartment).Apt 15 (2 bedrooms at rear) $540,000 (capital loss of $25,000 from off-the-plan sales price)Apt 48 for $590,000Apt 73 for $439,000 (capital loss of $50,000)Apt 65 (2 bedrooms) for $525,000 (capital loss of $115,000)Apt 62 (3 bedrooms) for $1,150,000