Post a Comment On: Brisbane Apartment

It has been reported that settlements for the $700 million Oracle Broadbeach apartment project on the Gold Coast are likely to be delayed by the Queensland floods.This is because Brisbane lawyers working on the contracts are unable to return to their flooded city offices, according to the receiver for the project. ... Since October, about 180 of those presales had settled after values of Gold Coast apartments typically fell by 30 per cent since the global financial crisis.Source: The AustralianIt will be interesting to see the auction results for these apartments:Q1, Apt 5307Soul, Apt 3805Soul, 2805Circle On Cavill, PenthouseSome of the Oracle apartments for sale:Apt 2405, $2.4M (or over $9K a sqm, which is outrageous!)Apt 2605, 2 bedrooms, $1.5M (note the 2006 off-the-plan price for this apartment was $1,320,000)Apt 1404, $795,000Apt 1505, $680,000Apt 1907, 2 bedroomsApt 3401, 3 bedrooms, $1.5MApt 3801, 3 bedrooms, $2.5M (or over $13K a sqm -- the vendor is on another planet!)Two bedroom at rear, $1.6MTwo bedroom, $1.3MTwo bedroom 27th floor, tower oneOne bedroom on 6th floor, just over $600,000One bedroom, tower 2 $800,000List of resalesNote that there are two towers: Tower 1 is 50 storey's, comprising 274 luxury apartments (faces the ocean with ocean views) whilst Tower 2 is 40 Storeys, and comprises 241 apartments (faces North East (behind Tower One)).See also RealEstate Buzz