South Point has a new website.

"Take a moment to appreciate the journey that a stroll through a palatial Southpoint residence offers. Once inside, the walls ascend forever and the warm, opulent timber floor implores you to remove your shoes. There are vast living areas, lavish dining rooms and king-sized bedrooms. Lean on the private bar, recline near the classic fireplace, and discover the divine natural stone top kitchen that forms a living space all of its own. There's even the rare luxury of a powder room. This is just a sample of what gives Southpoint Residences their unique difference - there is so much more to be experienced."

Map and Transport

See story in Courier Mail

INNER Brisbane rents are increasing at more than 10 per cent a year, with a downturn in new apartments expected to keep vacancies tight.

DTZ Research has shown the biggest growth has been in one-bedroom units in the inner south and inner west suburbs of South Brisbane, West End and Indooroopilly, where rents have risen by up to 20 per cent.

The median rent of a one-bedroom unit in the inner south is now $420 a week, only $10 less than the CBD median price.  DTZ director of project marketing Paul Barratt said the strongest growth in the next two years would be in near-city units and middle-ring suburbs with good transport.

SQM has a good website to look at rental vacancy rates:
Brisbane City (4000 postcode) - 1.7%
South Brisbane area (4101) - 1.6%
Toowong (4066) - 1.4%
St Lucia (4067) - 1.5%
Indooroopilly (4068) - 1.9%
Sherwood area (4075) - 2.6%
Hamilton (4007) - 4.4%
Noosa (4567) - 2.2%
Mooloolaba (4557) - 1.3%

Brisbane apartment project dismisses transport concerns

The company behind a new apartment complex in Brisbane's West End says it does not think the project will worsen local traffic flow.  The old box cardboard factory near the Brisbane River will be replaced by 220 apartments.  There will be two eight-storey towers built on the site.

Ross Higgins from Pradella Developments says it should attract more transport infrastructure to the area.

"West End's undergoing a major infrastructure redevelopment from a traffic point of view now," he said.

"And really what we're doing is replacing a lot of people that were working in the area anyway.

"I don't believe it'll have a negative effect on transport in fact I think that it'll bring more transport infrastructure to the area."

Source:  ABC News

In fact, there are plans for more than two buildings on the site -- with two or three buildings planned for the other side of Duncan Street as well, as shown on the map on the project website.

See also Brisbane Times

Here is an interesting drawing, showing the proposed building at Southbank, with the existing Collins Place building left standing.

Southpointresidences

Aria has launched a website for its South Brisbane - West End project, currently in the final stages of council approval.

www.gowestend.com.au

This project (called West Village) will have mostly small one bedroom apartments, priced from $380,000.  There will be some two bedroom apartments, priced from $660,000.

The building will be located at 4 Edmondstone Street in South Brisbane.

Two bedroom apartments priced from $700,000.

The new Hale Street Bridge (or Link as the Council calls it) has a fly-over on Coronation Drive.  Will it impact the views of Coronation Residences and Vue?

It will increase traffic on Merivale Streets and Cordelia Streets in South Brisbane.  I would not buy an apartment on these streets.

Hale Street

River Plaza, 21 Dock Street, South Brisbane
Auction, Saturday 29 June 2008

Apt 33
Three bedroom apartment, 8th floor, excellent views of river and city, apartment needed renovation
Reported as sold at auction for $685,000

Apt 26
Two bedroom apartment, reported as sold at action for $555,000

The Queensland Government has given the nod for early works to start on a $650 million luxury hotel and residential development next to the South Bank railway station.

It will include restaurants and retail spaces as well as the hotel, cinema and 56 residential apartments.

See Brisbane Times

Southpoint

The street scape at Grey Street at South Bank will greatly improved with the proposed development of Stage Two of the Brisbane Convention Centre. The development will be over the rail line, and will front Grey Street, next to Rydges Hotel. It will improve the street when walking from the Cultural Centre and Museums along Grey Street to the Saville Hotel area.

See South Bank Newsletter.

Grey Street