Luxury apartment marketing agency TOTAL Property Group has reported an increase in online inquiries for quality apartments in Brisbane’s hotspots, as Australians use their time in isolation to make plans for upsizing, downsizing and rightsizing into an apartment.
TOTAL Property Group Managing Director Adrian Parsons said his team was handling a large volume of online inquiries for high end apartments, from affordable inner city luxury through to direct prestige riverfront, with sales remaining steady.
Mr Parsons’ agency manages the sales of two apartment projects by HG Developments: prestige signature apartments The Boatyard Bulimba, located directly on the Brisbane River and the affordable luxury inner city apartment building Omega Apartments in the trendy RNA Showground precinct in Bowen Hills.
“Both Omega Apartments and The Boatyard Bulimba, while very different developments, continue to have a good level of inquiry because they are brand new, quality apartment projects in prime locations with amazing views,” he said.
Parsons said, “Record low interest rates are spurring the market on and with more buyers than properties for sale, the market is remaining strong,” despite the major interruption to our lifestyles caused by Coronavirus. He said TOTAL Property Group had adapted to market demand with video tours, virtual tours via video conferencing between the agent on site and the buyer in their home to provide the highest level of service to property buyers. One-on-one inspections with social distancing are taking place at Omega Apartments’ three display apartments and The Boatyard Bulimba’s few remaining apartments.
Omega Apartments and The Boatyard Bulimba developers, Simon Gundelach and Alistair Harvey of HG Developments, say they remain optimistic and confident due to Brisbane’s supply forecast demand, with planning underway for another major development of large, luxury apartments. “We are using this time to look at other projects as well as refine plans for projects we are wanting to embark on later in the year,” Mr Gundelach said.
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