Sophisticated living in a hotspot urban village.

Location, design, quality and value: M Apartments put it all on the table for you at Kangaroo Point – transforming before our eyes into Brisbane’s most dynamic new urban environment. Close to the city, close to everything. The coolest places to meet and mingle, eat and shop, just a hop, skip and jump from transport, nightlife, parks and open spaces. In an area that mixes the old with the new and the unexpected, M Apartments radiate cool. Think flair plus functionality, ultra-smart aesthetics, space and comfort. Make your move and secure a vibrant slice of cosmopolitan life, in a locale primed for future growth. M Apartments, Kangaroo Point.

A location brimming with energy and vitality.

Kangaroo Point is booming and demand is rising, in this ultra-convenient and connected neighbourhood only 1.5km across the river from the CBD. Capturing the buzz of inner-city living and echoing Kangaroo Point’s revitalized contemporary edge, M Apartments will be the sought-after home for up and coming professionals, students at the nearby tertiary campuses, astute downsizers and investors with a keen eye for capital gains. It’s all here for the taking, in this one-ofa-kind location. Stroll, hop on a CityCat or ferry, catch the bus or drive the Clem7 cross-river tunnel. A new green bridge is planned, to link Kangaroo Point even more closely with the CBD. Plus, easy proximity to Woolloongabba, South Bank, Fortitude Valley, the clubs, pubs, bars, dining spots and designer stores puts Kangaroo Point clearly at the centre of Brisbane’s property radar

Kangaroo Point in profile.

Positioned directly across the river from the CBD, Kangaroo Point is easily reached and highly desirable. It’s set to benefit substantially from the Queensland Government’s highest priority infrastructure project: Cross River Rail, the new 10.2km rail link with 5.9km of tunnel under the Brisbane River and CBD. Currently under construction, Cross River Rail is designed to ease road congestion and increase accessibility to the Brisbane CBD. It includes four new underground stations and two upgraded stations. The new Woolloongabba station, just 500m from M Apartments, will link directly with the new Albert Street station – offering rail services to the southern end of the CBD for the first time, connecting people with key areas of employment, study and recreation. It’s estimated that by 2036, 18,000 people* will use the new Woolloongabba station’s high frequency services each week day. Excellent transport services, including road, bus, CityCat, ferry and the Clem7 cross-river tunnel, are already a key part of Kangaroo Point’s appeal. The location is also very walkable, achieving a Walk Score™ of 82/100. * Source: crossriverrail.qld.gov.au

Close to all that matters most.

Popular pubs and award-winning restaurants are all around. The city’s premier antiques and dining precinct is situated in Woolloongabba, with award-winning 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 – informally known as the Pineapple Park, providing great views and so close to M Apartments it’s almost like a back yard. 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 Institute 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 164,000 people. In recent years, commercial office space has extended into city fringe areas, including Woolloongabba and South Brisbane. It’s expected more than 20,000 new jobs will be created in Woolloongabba by 2031 – a projected growth of 2.2%

A refreshing new approach to apartment living.

Our new boutique development offers well considered floor plans combined with vistas to the surrounding vibrancy of Kangaroo Point. Savouring the challenge of crafting these stylish interiors, Mary Durack Interior Design has taken inspiration from the simple clean lines of the building as well as the reflections of the meandering Brisbane River and nearby leafiness of the Botanical Gardens. Through the assured use of pattern and colour in highly glazed wall tiles, terrazzo and timber flooring in choices of natural or darker tones, the apartments exhibit a Zen-like quality blending interesting materials in harmonious combinations

Top Performance.

During the year to end March 2019, 289 apartments were sold in Kangaroo Point, with a median sale price of $597,500 –compared with 308 sales in the previous year with a median sale price of $540,000.The median house price in Kangaroo Point is currently $965,000. Clearly, acquiring a new apartment from just $410,000 in M Apartments is a tremendous buying opportunity. The increase in Kangaroo Point’s median apartment price over 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 Kangaroo Point is currently just 2.9%. Anything under 3%suggests a significant shortfall of suitable product. According to the Residential Tenancies Authority, more than 200 new rental bonds are lodged each month in the 4169 postcode (which includes Kangaroo Point and East Brisbane).60% of households in Kangaroo Point are renters, so it’s no surprise that there’s robust demand. This is one of the highest proportions of renter households of any suburb in Queensland, pointing to intense interest in new projects such as M Apartments. Strong demand and lack of supply mean gross rental yields in Kangaroo Point are currently averaging 5.6% per annum. Not only is this one of the highest gross rental yields of all suburbs across inner Brisbane it is significantly ahead of average gross rental yields across Brisbane as a whole(4.8%) as well as in Sydney (3.5%) and Melbourne (3.7%).The scarcity of new apartments for sale is also a key factor behind the tight vacancy rate in Kangaroo Point. Brisbane’s Inner East (which includes Kangaroo Point)contains just 8% of inner Brisbane’s supply of new residential apartments– compared with 38% across the Inner North and 29% in the Inner South. Source: Broad Property Research & Advisory P/L June 2019

Architect

The creation of M Apartments has evolved through the exploration of the site, local contextual constraints and climate-responsive principles to create a building that provides a sanctuary for the residents, while also enhancing the built environments of Kangaroo Point. Contemporary sub-tropical South East Queensland themes of simplicity and outdoor living are carefully considered. The strong regular facade-forms symbolise the solid foundations that Kangaroo Point sits on while the light colour palette softens the façade and also reduces the heat gained from the sun throughout the day. Extended slabs and screening limit solar exposure to the glazing during the summer months while enabling views towards the Brisbane CBD. “Red Door Architecture is a boutique design studio based in Teneriffe, Queensland. We focus on creating an outcome for our clients that incorporates their spatial requirements while helping them to realise their ideas and values through architecture. Our highly professional team believes in economical, sustainable and smart design for everyone and takes a contemporary, sophisticated, versatile and eye-catching approach to creating spaces.”

Executive Real Estate Open Homes

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