Residential $572,500 - New Apartment Unit
URBAN LIVING MEETS – HIGH QUALITY OF LIFE
The Marc at Kangaroo Point is a multi-faceted development bringing city-style living to Brisbane’s newest urban renaissance neighbourhood. Urban chic, with convenience to the max and close to everything: shopping, dining, transport, parklands and open spaces, entertainment, restaurants, bars and cafés. Created for the design and lifestyle savvy, The Marc’s spacious architecturally designed apartments combine exhilarating city aesthetics with uber-cool comfort. Secure outstanding quality and value now, in the location riding high on Brisbane’s property radar.
The Marc at Kangaroo Point.
A LOCATION ON THE RISE
Kangaroo Point is ready to shine, reinvented as a vibrant neighbourhood with a lively inner city vibe. This is where Brisbane history meets the new urban chic, just 1.5km across the river
from the CBD. Setting the pace is The Marc, contemporary new apartments on the most high profile corner of Main Street. Just like the new Kangaroo Point itself, sharpened up and attracting serious attention, The Marc will be a magnet for urban professionals and creatives, the students filling the local tertiary campuses and investors with a keen sense of capital gains to be made.
Getting around the hotspots from here is a snap. Walk, catch the bus, CityCat or ferry, drive the Clem7 cross-river tunnel in mere minutes. A pedestrian bridge linking Kangaroo Point with the CBD is a council priority project. Quick and easy access to the city, Woolloongabba, South Bank, Fortitude Valley, the clubs, pubs, designer stores, specialty providores and the hippest eateries and bars make Kangaroo Point the place to be.
KANGAROO POINT IN PROFILE
Positioned directly across the river from the CBD, Kangaroo Point is Brisbane’s Kirribilli – easily accessed and highly desirable. This key advantage , plus proximity to South Bank parklands, is a main factor in the decision by boutique hotel and resorts operator Banyan Tree to bring their international brand to a site just 150m from The Marc. To be developed as top end apartments, the purchase is a substantial vote of confidence in the Inner Brisbane residential market – confirming Kangaroo Point as the one to watch on the property radar. Boosting Kangaroo Point’s appeal is
its unrivalled transport connections, including road, bus, CityCat, ferry and the Clem7 cross-river tunnel. It’s also a very walkable location, achieving a Walk Score™ of 82/100. Neighbouring
Woolloongabba is the site for the world’s first combined underground bus and rail tunnel, planned to link the adjoining suburb of Dutton Park with Brisbane’s inner north. The $5 billion bus and train (BaT) project proposes three new transit stations – one only 500 metres from The Marc. Popular pubs and award-winning restaurants are all around. The city’s premier antiques and dining precinct is situated in Woolloongabba, with awardwinning restaurants, cafés, quirky bars and fascinating shops. The area is also home to the internationally-famed Gabba stadium. Local picnic spots include peaceful areas beneath the Story Bridge and the Kangaroo Point cliffs, in Mowbray Park and Raymond Park. Excellent walking and bicycle paths connect with South Bank and the City Botanic Gardens at Kangaroo Point.
Numerous state and private schools are in the vicinity, along with Southbank Insititute of Technology and Shafston International College. The integrated Mater Hospital complex, in nearby South Brisbane, comprises the Adult Hospital, Maternity Hospital, new $1.5 billion Children’s Hospital and various private hospital facilities.Brisbane’s CBD currently employs more than 171,000 people. In recent years, strong employment growth has seen commercial office space extend into city fringe areas, including Woolloongabba and South Brisbane. It’s expected an additional 18,000 new jobs will be created in Woolloongabba by 2031, a growth rate of 4.5% per annum. This is the highest rate of employment growth in all city fringe areas, even higher than the forecast growth rate of the CBD itself.*
* Source: Urbis Outlook, March 2014 and June 2014
URBAN CHIC APARTMENTS
The Marc is one of a kind in Brisbane. Explicitly designed for a location brimming with energy and vitality. Ultra spacious, mega stylish, at the smart edge of current design, with all the essential comforts.
Over nine levels, The Marc incorporates
69 one and two bedroom apartments –
with one or two bathrooms and a secure basement car park. Many apartments enjoy great views of the river, the CBD or towards Moreton Bay. From the residents-only recreation deck on level 9, stunning vistas stretch out in all directions.
The clean-lined exterior façade is Art Deco inspired. A simple silhouette offsets bold characteristics with fine detailing.
Well-sized apartment interiors capture the modern mood. The clarity of Danish-inspired design is functional and accessible, graceful and beautiful.
Stylish kitchens integrate fluently with living spaces, so entertaining is sheer pleasure. And extra-generous balconies are all about living large: whether it’s dinner for two or inviting everyone round for drinks before a night out. The Marc brings coffee culture and eclectic retail on site, too, with a street-level café and shops. Must-have amenities include pay TV and ADSL internet, air-conditioning and intercom security. Another advantage: specially negotiated bulk electricity discounts for occupiers.
254 settled apartment sales were recorded in Kangaroo Point in the 2013/14 financial year. The median sale price in 2012/13 was $485,000 – making a new apartment in The Marc a tremendous buying opportunity.
The increase in Kangaroo Point’s median apartment price in the past 12 months is one of the highest growth rates of all suburbs within inner Brisbane over this period. The vacancy rate for permanent rental accommodation in Brisbane is currently just 2.4%. Anything under 3% suggests a significant shortfall of suitable product. According to the Residential Tenancies Authority, 120
new rental bonds are lodged each month in the 4169 postcode (which includes Kangaroo Point). Given that 60% of households in Kangaroo Point are renters, it’s no surprise that
there’s robust demand. This is one of the highest proportions of renter households of any suburb in Queensland – a key indicator of strong demand for new apartments such as The Marc.
Also driving the tight vacancy rate in Kangaroo Point is the scarcity of new apartments for sale. According to the latest data, Brisbane’s Inner East (which includes Kangaroo Point) contains just
4% of inner Brisbane’s supply of new residential apartments – compared with 54% across the Inner North and 30% in the Inner South.