The view will bowl you over

first_imgThe project is expected to be popular with local owner-occupiers and investors due to its proximity to the CBD, major arterials and existing public transport nodes. Silk One will be just 300m from the proposed Woolloongabba Cross River Rail train station, 350m from Woolloongabba Busway and within 2kms of major lifestyle and entertainment developments including Queens Wharf, Howard Smith Wharves and Dexus Waterfront.A market outlook report compiled by Urbis, on behalf of the developer, found that the Woolloongabba catchment was experiencing strong demand for new apartments.The report also identified the value to buyers and investors, noting the median unit price in Brisbane was $440,000 compared to $730,000 in Sydney. It further noted that Brisbane (4.6 per cent) demonstrated a stronger rental yield than Sydney (3.8 per cent) – an attractive selling point for investors. A render showing the view from the rooftop pool at Silk One.“New apartments in the Woolloongabba catchment are achieving premiums upward of 30 per cent over the existing product,” the report said.CBRE Brisbane managing director Paul Barratt said confidence remained in Brisbane’s inner-city residential apartment market.“Brisbane not only offers premium value at attainable prices, but with the market due for a natural correction, the Queensland capital is ahead of its southern counterparts when it comes to long-term financial return,” he said.“Smart money follows infrastructure, and Brisbane’s infrastructure is at an all time high. “In fact, there is over $12 billion in projects planned or under construction in the CBD alone.” Silk One will comprise of 178 one, two and three bedroom apartments with prices from $369,000. Each apartment includes one car park. The rooftop skystand will include an outdoor dining and barbecue space, a resort-style pool, a gym and spa, as well as a big- screen TV near the bar to ensure not a minute of the action is missed. Construction will start by the end of this year, with completion expected by mid-2020.The current median unit sales price in Woolloongabba is $449,000, according to CoreLogic.The 2016 Census revealed that the average Gabba resident is 30 years old – well below the Queensland average of 38.. A render showing the view over The Gabba from Silk One.Sports fans will get unrivalled views over Brisbane’s The Gabba stadium, with Silk One offering Australia’s first “skystand”. Silk One will be constructed adjacent to the famous grounds, and will include a rooftop terrace 20 storeys above the hallowed turf, giving residents unmatched views of live AFL games, cricket matches and major concerts. More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoIt is expected to be popular with both owner-occupiers and investors due to its prime location. Silk One at Woolloongabba will tower over The GabbaSarazin managing director Darren Dougan said they chose the Woolloongabba site due to its prime position. The first display apartment at 12-14 Trafalgar Street in Woolloongabba is now open, with official contract signings starting from June 23.“Contrary to the gloom portrayed by oversupply a couple of years ago, the proof is in the data – Brisbane’s off-the-plan prices are flat, not falling, and are forecast to grow,” Mr Dougan said. “Queensland’s interstate migration is the nation’s highest, the affordability gap between Brisbane and Sydney is now at 66 per cent plus the jobs market is surging, with 130,000 net new jobs within the past year.”last_img read more

NDDC Plans Big for Sports, Focuses on Facilities Devt

first_img“The whole idea he (the acting chairman) is coming up with is to lay a solid foundation for sports in the region. He wants to do it by putting in place sports infrastructures in all the nooks and crannies of the region. “Communities and neighborhoods would have recreational sports centres where the youths can go and train.“That way, the youths can engage in sports rather than idle away. This is a new direction that would see NDDC using sports to combat youth restiveness,” the source hinted.He stressed that NDDC has over the years been doing a good job in the area of road construction, provision of water and electricity to communities without paying much attention to sports.“Sports is going to receive good attention moving forward given the new blueprint the NDDC leadership is working on and they intend to get an expert who understands the sports terrain, especially in the area of sports facilities to partner it,” the informed source concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Niger Delta Development Commission (NDDC) is planning big for sports, if the vision of the commission’s acting Chairman Prof. Nelson Braimbraifa is anything to go by.A competent NDDC source disclosed early this week that Braimbraifa, a lover of sports has identified the need to use sports to woo Niger Delta youths and harness their sports potentials.According to sources within the commission, the NDDC boss is coming up with a blueprint for sports with special focus on putting in place state of the art sports facilities in most Niger Delta communities. Nelson Braimbraifalast_img read more