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Consolidated Properties Group shows confidence in the Brisbane apartment market with Monarch Residences

Market Insights
11 months ago
3 minutes

Brisbane’s Lord Mayor Adrian Schrinner joined Consolidated Properties Group on March 15 to officially open the $3 million sales display of Monarch Residences, which is being delivered in conjunction with Qualitas.

The onsite interactive display gives buyers a peek inside the luxury $450 million apartment development located on the Brisbane River in Toowong. It presents a breathtaking experience featuring expansive river views, a full-sized kitchen with a bar, and a bathroom.

Don O’Rorke, Chairman and CEO of Consolidated Properties Group, said Monarch Residences would set a new benchmark for apartment living in Brisbane’s inner west on one of the best riverfront sites in the city.

“The launch of the sales display coupled with the imminent start of construction represents a vote of confidence in the Brisbane property market,” Mr O’Rorke said. “Buyers are telling us they haven’t seen anything like Monarch Residences in the market, which is why we’ve had such strong interest so far especially from locals.”

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Monarch Residences’ absolute river frontage grants residences stunning river views. Image courtesy of Consolidated Properties Group.

Monarch Residences will comprise 224 expansive apartments spanning two 15-storey towers. Located on 600 Coronation Drive in Toowong, the luxury development will boast 130 meters of direct river frontage.

James MacGinley, Head of Residential at Consolidated Properties Group, said part of Monarch’s appeal was its range of floorplans for one, two, three, and four-bedroom riverhomes, apartments, and penthouses.

“We’ve worked closely with our architects, Wardle and Cottee Parker Architects, to curate the right mix to appeal to a broad cross-section of buyers whether they are downsizing or rightsizing,” Mr MacGinley explained. “The common link across the buyers is they are all locals who understand the value of a piece of real estate that can’t be replicated in Brisbane’s inner west.”

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Monarch Residences includes landscaped gardens and the restoration of heritage-listed Middenbury House. Image courtesy of Consolidated Properties Group.

Set amongst 1.2 hectares of landscaped gardens, the project consists of the restoration of the heritage-listed 150-year-old Middenbury House. It also incorporates the proposed landing area for the new green pedestrian bridge connecting Toowong to West End.

“There’s no better connected site in Brisbane, especially when you consider the rail, bus, ferry, pedestrian, and cycleway linkages as well as the future green pedestrian bridge,” Mr MacGinley remarked. “The landscaped gardens, including 3,000 square metres of public parkland, will make people forget they are right on the doorstep of one of Brisbane’s major centres.”

Brisbane Mayor Adrian Schrinner affirmed this remark, saying, “This bridge would provide further options to cyclists and pedestrians to travel between Brisbane’s west, south, and the CBD and further enhance Brisbane’s world-class Bicentennial Bikeway.”

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The stunning rooftop pool amenity at Monarch Residences. Image courtesy of Consolidated Properties Group.

Mark Fischer, Head of Real Estate and Co-Founder of Qualitas Global, said, “Brisbane remains one of the most undersupplied housing markets in Australia and we are pleased to be able to play a role in increasing the supply of high-quality housing in Brisbane.

“Thematically, we like investments in established and well-connected neighbourhoods, with rail, bus, ferry, pedestrian, and cycleway linkages, plus the future green pedestrian bridge,” Mr Fischer added. “It is rare that this dynamic presents in a sought-after location like Brisbane’s inner west and on one of the best riverfront sites in the city.”

Scott Hutchinson, Chairman of Hutchinson Builders, confirmed that construction of Monarch Residences would begin this month and take about two and a half years to complete.

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Header image courtesy of Consolidated Properties Group.