The Brisbane Transit Centre will be demolished in late 2020, making way for Cross River Rail’s new underground Roma Street Station.
(Map of Cross River Rail, image from https://www.crossriverrail.qld.gov.au/info/)
It’s an investor’s dream which has become a reality in Woolloongabba, home to ‘The Gabba’, just outside of Brisbane City’s Central Business District (CBD).
(The Gabba, image from https://www.visitbrisbane.com.au/brisbane)
(Brisbane CBD, image from Internet)
It’s time to cash in early before works start, expected to start in early 2019, with one and two bedroom Sabre Apartments.
(Sabre Apartments hero picture)
The $5.4 billion Cross River Rail project was announced last month, expected to transform the western gateway to the city and deliver the proposed ‘Brisbane Live’ development.
When finished, the new Roma Street Station will offer unprecedented access to South Bank, which features 17 hectares of lush parklands and a man-made beach.
It’s an ideal location for retirees, young families and business professionals. With house prices at a median of $760,000 in Woolloongabba, as of July 2 according to realestate.com.au, many are struggling to get their foot in the door in the housing market.
This makes an apartment an ideal investment close to the Brisbane City.
Residential Tenancies Authority data found, in the 4102 postcode for the Woolloongabba catchment area, that three-year average annual growth rates were 5.6% for one-bedroom apartments and 3.7% for two-bedrooms.
The Sabre Apartments are your chance to enter the housing market at an affordable price.
This new station is expected to be used by almost a quarter of a million people every week, who will all need somewhere to live or rent.
(Sabre Apartment balcony view)
The Sabre Apartments are built to last, featuring immaculate finishes. There are six floor plans to choose from; featuring open space living and dining areas.
The spacious designs make the most of natural lighting in the beautiful sunshine state, while also providing secure car parking. It ticks all the boxes from an investor’s point of view.
Situated just outside of the Brisbane City, you’re only 20 minutes from the airport and close to the shops, Princess Alexandra Hospital, schools and recreational activities.
Better yet, with its already established night life with a large range of restaurant and cafes; Woolloogabba continues to grow and evolve to cater for the increasing demand in the area.
(Woolloongabba Restaurants and Café, images from Internet)
In the meantime, before the Roma Street Station development, you’re just 500 metres from the Buranda Train Station and a short drive to the M3 Motorway.
There’s plenty to see in this wonderful area. Woolloongabba features the iconic ‘Gabba’ sports arena, an abundance of heritage-listed buildings, churches, and has a strong multi-cultural scene.
These spacious and contemporary Sabre Apartments are regarded as one of the 3 top-investments hotspots for investors over the next 7 years.
Speaking about the rail development, Deputy Premier Jackie Trad recently said that by 2025, this end of the Brisbane City will be “totally transformed.”
“With an 18,000 seat world-class arena as its centrepiece, the Roma Street precinct, just like the LA Live complex, will become Queensland’s premier entertainment venue hosting major live concerts and world-class sporting events right in [the] heart of the city,” she said in a statement last month.
(Artist’s impression of Parmalat site option, image from https://brisbanedevelopment.com/unveiled-new-2-billion-brisbane-live-entertainment-arena-precinct/)
Ms Trad said the project will transform the south-east and take thousands of cars off the roads and get people home, and to work, faster.