Downsizers and professionals take Brisbane's Bloom on Wesley apartments to 80% sold
The boutique Lutwyche apartment development Bloom on Wesley in Brisbane's north has proved a hit with downsizer and professionals, with only 20 per cent of apartments left to sell.
Just three-bedroom apartments remain in the Wesley Street block of 36, which start from $720,000. The two-bedroom apartments sold out at the start of the year.
Ramy Raymond, the managing director of Raise Projects who are developing and building the apartment project, says the three-bedroom apartments have resonated with buyers due to their size, position, and the fact they are pet friendly.
Raymond says despite construction at a late stage, with completion expected at the start of 2022, buyers are still customizing their apartments, which he says buyers value in this day and age.
The location of the development has been a plus for buyers, set near shopping precincts, public transport, and Kedron Brook Parkland’s walking and bike paths.
“The combination of the resort-style rooftop, boutique exclusivity and being near great shopping, dining, services and transport means that Bloom on Wesley offers unrivalled value for our buyers to live without compromise, whether they are re-sizing or downsizing," Raymond says.
“With property commentators suggesting that prices will surge for three-bedroom, two car space apartments located five to 10km of the CBD, due to the upward pressure from the housing market, Bloom on Wesley represents a great opportunity for owner-occupiers and investors right now."
Only seven apartments remain. The three-bedroom apartments range in size from 123 sqm up to 207 sqm, and are priced from $720,000 up to $860,000.
Raise are planning a high-end apartment development at Teneriffe, dubbed Verdis on Wyandra.