Brisbane's Premium Market Benefits From Cashed Up Retirees
Cashed-up downsizers are propelling Brisbane into a global list of top-performing cities for the first time. An article in last Friday's edition of the Courier Mail outlined that increased demand has propelled Brisbane into a global list of top-performing cities for the first time.
For the first time in the seven year history of Knight Frank's Prime Global Capital Cities Index, the Queensland Capital comes in at 19th position.
Knight Frank's head of residential research, Michelle Ciesielski, advised that the premium market was benefiting from retirees looking for well-located and easy maintenance homes.
"Demand for truly exceptional properties in sought-after positions have outweighed the supply coming to the Brisbane market, including new builds. Retirees continue to downsize and look for properties that offer high security while they travel abroad and low maintenance living with an array of amenities, including technology," she said.
We are pleased to say that we have funded one such project currently under construction in the suburb of Kangaroo Point. Our client, Devcorp’s, 'Lume' project consists of 119 high-end apartments and luxe penthouses. There is a garden café and above-city sky lounge than includes an infinity-edge pool, gymnasium and 360-degree views. When complete, it is going to be nothing short of exceptional!
We secured the finance recently, which comes at a time when the financing market presents a challenging and complex climate, to say the least. Banks have tightened policies and appetites significantly and the goal posts are constantly moving, making it extremely tough for developers to source the funding for their projects.
Access to Capital, in a manner that has been structured appropriately and optimally, supports and drives our client’s success!
Do you need finance for your next large-scale residential or commercial project? Chat to us about our approach to getting the deal done.