Carina Townhouses Beside Minnippi Parklands

Feature 1: Adjacent to the Brisbane CBD — a prime location

Carina, the suburb in which this project is located, sits 8 km east of the Brisbane CBD. Covering a total of 5.3 hectares, the development is planned to comprise 20 standalone houses and 172 townhouses, with completion expected by the end of 2020. Throughout the project there is an owners' clubhouse, a swimming pool, fitness facilities and an outdoor barbecue area, making it a comprehensive development. It is just a 3-minute drive to Brisbane's Gateway Motorway, providing very convenient access to the airport, the Sunshine Coast and the Gold Coast — an exceptionally prime location.

Feature 2: Facing a rare golf course and green space — beautiful natural surroundings

This project adjoins the only golf course developed in Brisbane in seventy years, giving it an exceptional natural setting, and it is surrounded by numerous parks and green spaces with an extensive area of greenery, including Minnippi Parkland, the Meadowlands nature reserve and the Carindale nature reserve. There are many playgrounds, dog parks, outdoor fitness areas, and running and cycling trails, creating a beautiful and tranquil living environment.

Feature 3: An established traditional community with rich education resources and convenient living

This project is just one street away from Carindale, one of Brisbane's traditional affluent areas, with mature and comprehensive education and medical resources. It is also only 2.6 km from the Westfield shopping centre, making everyday shopping very convenient. Residents can enjoy convenient transport, medical and education infrastructure while also experiencing a peaceful living atmosphere.

Carina, the suburb in which this project is located, is a traditionally high-quality area of Brisbane, and its uniquely advantageous location and excellent living environment are attracting more and more local residents to live here. Within a 10-minute drive there are many renowned private schools and private hospitals, including St Martin's private primary school, Citipointe private school, and the Mater private hospital, among others. This project is only 2.6 km from the Carindale Westfield shopping centre, making everyday shopping extremely convenient.

Feature 4: A comprehensive development combining scarce houses with townhouses

As a rare low-density area close to the Brisbane CBD, and in order to preserve the low density of this area, the government will not approve any new townhouse developments here for the foreseeable decades. At the same time, the townhouses in this project offer an uncommon mix of three- and four-bedroom floor plans, catering to the needs of different buyers and offering strong value for money, which makes townhouse resources within the area notably scarce. As the area's population continues to grow, rental demand here is rising accordingly.

Investment Outlook

Households in Carina have an average annual income of over A$110,000, residents have an average age of 36.9, 80% are white-collar workers and more than 70% own their homes, making it a hub for Brisbane's young middle-class white-collar residents. At the same time, several infrastructure projects are underway in Carina, including the Greendale shopping centre, the Bellmont private hospital, the Cannon Hill Anglican College and the Cannon Hill Kmart Plaza, among others, with confirmed investment projects in the area totalling as much as A$40 million by 2025.

The prime location and comprehensive community amenities have driven steady population growth in the area, pushing property demand in Carina ever higher. According to data from Urbis, between 1998 and 2018 the median price of houses in Carina grew by an average of 8.6% per year, while the median price of townhouses and apartments grew by an average of 6.3% per year — both outperforming the Brisbane average and many other areas.