RCQ Construction has celebrated turning the sod at BayLife Apartments and the future certainly looks bright for the $6.3 million development with Stage 1 already selling out and Deception Bay recently being identified as one of Brisbane’s top suburbs for growth.
General Manager of RCQ Construction Gavin Wuiske said he was delighted to commence work on such a successful project in a location that was grabbing the attention of property experts across the country.
“At RCQ Construction we pride ourselves in the close partnerships we enjoy with our clients and we’ve worked with BayLife Capital on this project for a number of years to ensure we get the best outcome for the buyers,” said Mr Wuiske.
“The fact that all the apartments in Stage 1 have been sold is testament to the quality of what’s on offer and we look forward to delivering on that promise.”
“It’s also good news for the region’s economy given our commitment to using local contractors which will ensure trades in the area reap the benefits of this significant project. We anticipate we will have between 20 and 50 contractors onsite on any given day during the construction period.”
“We are also delighted to have been awarded the contract to build Stage 2 of BayLife Apartments which will see a duplication of Stage 1 on the adjoining block. Given the exceptional sales results to date, we anticipate that construction of Stage 2 will start prior to the completion of the first stage so we look forward to working in the area for the next 18 months.”
The first stage of BayLife Apartments will include 37 one and two-bedroom apartments across two buildings. The sought-after Webster Road location is just a few minutes’ walk from the waterfront and the market certainly responded positively towards the price point starting from $299,000 with apartments selling out within a short time of going to market.
All indications are that growth will be strong for Deception Bay, which was identified by Ryder Research Resources as one of the top 30 growing suburbs within Australia. The latest Price Predictor Index Winter 2016 report also saw property analyst Terry Ryder identify Moreton Bay as the strongest market in the Greater Brisbane area.
Tim Wright, Director at BayLife Capital said the solid sales figures achieved since the development was released to the market demonstrated the appetite for quality stock in the area.
“The response from the market has far exceeded our expectations with a very strong investor market due to the excellent price point — including both local buyers and those from interstate,” said Mr Wright.
“Buyers see the potential of the area given the $1.1 billion Moreton Bay Rail project now completed which will offer residents a direct link to the Brisbane CBD in half an hour, and our proximity to the booming North Lakes area and the Sunshine Coast in the north.”
“We have now released Stage 2 and are already seeing strong sales interest with 30% per cent now under intents to purchase since going to market in June.”
“RCQ Construction has an excellent track record of delivering projects to a very high quality and we are looking forward to seeing BayLife come out of the ground in the coming months with completion expected in March next year.”
For more information on the development please visit www.baylife.com.au or visit www.rcq.net.au to learn more about RCQ Construction.
Media contact
Maya Gurry, Fresh PR & Marketing l 0410 109 102 l maya@freshprm.com.au
