Snapshot
Positioned on elevated land in Kedron
Modern contemporary design with oversized generous apartments
1 x 1 bedroom apartment pricing from $374,500
42 x 2 bedroom apartments pricing from $432,500
2 x 3 bedroom apartments pricing from $549,000
High quality finishes
Construction start forecast: 2nd Qtr 2015
Construction complete forecast: 2nd Qtr 2016
Facts and Stats
40% of occupied dwellings in Kedron are rentals and 63% of the households are Couples with Children or Childless Couples and Kedron’s current vacancy rate is 0.81%.
Realestate.com advises current rental yields of 5.5% and an average of 163 visits per unit
The property’s proximity and access to Brisbane’s new road network Clem 7, Airport Link and the Northern Link – Infrastructure allows speedy access around the metropolitan area.
Level of under supply in the area resulting in high rental demand.
Level of affordability of the development in comparison to the surrounding area and competing developments
Access to retail and entertainment facilities both current and future
Apartment Features
Large kitchen designs for functional living.
Generous sized bedrooms and walk in robes to most rooms.
Generous balconies for outdoor entertaining.
Spacious internal living areas.
Separate internal laundry
Designed to have very low body corporate fees and ongoing maintenance
Split System air-conditioning to Living room.
Stone Benchtop to kitchen with stainless steel European appliances including dishwasher.
High speed internet and Foxtel provision
Secure undercover basement parking with automated roller door
Security Intercom
The Location
Parkside Kedron is positioned 9km to the heart of the CBD
Close proximity to schools, hospital, and universities
Immediately to the rear of the property (over the back fence) is Bradbury Park and 10.86 hectares of walking and cycling trails, playgrounds, sporting feilds and picnic areas
1500m to a Westfield Chermside Shopping Centre, the largest shopping centre in Queensland with over 400 retailers, food courts, pubs and cinemas.
100m to Gympie Road , a significant transport route
900m to Prince Charles Hospital
900m to the Holy Spirit Northside Hospital
1700m to Kedron Wavell Services Club
1100m to the Chermside Bus Interchange
1700m to Chermside Aquatic Centre and the Chermside Library
Brisbane’s International and Domestic Airport’s is only 15m away.
The Transport
The location of Parkside Kedron sits within a 10 minute walk to Chermside bus Interchange with over 1000 buses departing weekly, giving access to all locations 24 hours a day and provide immediate access into the CBD in under 15 minutes via the Northen Busway.
Real Estate Market
The current major cycle of growth in Kedron is due, in part to its proximity to Chermside that’s a Principal Centre within South-East Queensland and its desirability for affordable living in the inner north. The Inner North is rising as a premier lifestyle precinct of Brisbane, and with the announcement of a $300 million extension to the Westfield Chermisde it will continue to develop into a key city fringe precinct with a critical mass of white collar employees.
Investment Information
Location
Part of the main link from the CBD to the salubrious inner ring
northern suburbs and on the main arterial route to the Brisbane
International Airport
Demand
It has been clearly established that residential properties in Kedron have experienced a strong underlying demand due to its popular location, and evidenced through rising prices, and the continual emergence of higher quality projects.
andbull; Vacancy Rates
There is currently a 0.81% vacancy rate in the Kedron Area, this should continue to manifest in strong rental increases so as to increase overall returns to property owners.
andbull; Rents
The prevailing situation of relatively little new supply identified for delivery in 2014 will further exacerbate the situation and underpin rent growth in Kedron.
andbull; Yields
Based on stable price growth and increasing rents, yield has improved to approximately 5.5%.There is the expectation of improving yields over the short to medium term as price growth lags the increase in rents, along with a tight vacancy situation where in near full occupancy is expected.