Olympic fever driving one in every 10 dollars put in Brisbane property – realestate.com.au

Olympic fever driving one in every 10 dollars put in Brisbane property - realestate.com.au

Skye by Pikos is on schedule to begin building December 2022 by Tomkins Industrial.

It’s a decade away however the Olympics are already driving one in each 10 {dollars} going into Brisbane property purchases, in response to builders.

Pikos Group managing director Pedro Pikos, whose Skye undertaking is quick approaching an unbelievable $200m in gross sales forward of subsequent month’s building begin, mentioned $20m of that was because of the Olympics.

He mentioned 70 per cent of the event had already offered out, pushed by expatriates, empty nesters and the beginnings of Olympic fever.

MORE: How to live rent free in a tiny home in Qld

Ten-fold spike: Only 7 suburbs where land is under $300k

Notorious Les Bubbles building for sale with history all over its walls

Double digit figures have been introduced in for penthouse flats.

Skye by Pikos sits on Kangaroo Level Cliffs and will likely be topped by an array of facilities for residents in addition to a rooftop restaurant.

Skye by Pikos was designed to change into on Brisbane’s iconic buildings at Kangaroo Level, he mentioned, with current off-the-plan gross sales together with two penthouses for $12.5m and $10.5m, two sub-penthouses for $8.5m advert $8m and a 4 bed room condominium for $6.1m with panoramic metropolis skyline and river views.

“One of many primary drivers we’re seeing with gross sales at Skye are returning ex-pats relocating to Brisbane as a result of its emergence on the world stage, in addition to southerners shifting north for the heat and way of life – this group has accounted for round $50 million in condominium purchases,’’ Mr Pikos mentioned.

Skye has drawn $50m from empty nesters trying to transition to one thing low upkeep and opulent.

Development begins in December.

“One other $50 million in gross sales has come from locals, a lot of them empty nesters, cross-sizing into one thing luxurious and house-sized but low upkeep which they’ll lock up and go away in the event that they want to journey.”

“An additional $20 million in gross sales is correlated to the 2032 Olympics, the place Skye will provide probably the greatest vantage factors to see the town in all its glory.”

The typical condominium value within the undertaking was coming in at an unbelievable $3.7m for Skye with Tomkins Industrial on schedule to begin building in December.

Skye is ready on a 2300sq m website at 8 River Terrace above the Kangaroo Level Cliffs, with three towers, 70 luxurious residences, a 1000sq m sky deck, rooftop infinity pool and a rooftop restaurant.


About the Author

You may also like these