Project Description

Welcome to Magnolia

The second stage of the highly successful Summerlin project in Banyo, an established suburb.

Located approximately 12.5 kilometers north of Brisbane’s CBD
7.5km from Brisbane’s international and domestic airports.
Easy access to the Gateway Motorway
8km from Brisbane Entertainment Centre
Walking distance to Nudgee and Banyo train stations

Magnolia Residences will have 27 oversized apartments over four levels. The building comprises a mix of two-bedroom, two-bedroom plus study, and three-bedroom apartments. All apartments have at least one car park, and some have two car parks.

The central focus of the project will be a 4000m2 resident’s recreational area in the centre of the project. This unique ‘Central Park’ area will have a lap pool, indoor gym, resident’s pavilion with kitchen, BBQ areas and expansive grassy area.

Key Factors:

Large sized apartments that are generally 20% larger than the competitive set.
Very competitively priced compared to similar presented apartments in nearby suburbs
Ready access to Summerlin’s resident recreation area – 1ha ‘Central Park’
Apartments are finished to a standard generally expected by owner – residents.
Low body corporate costs
Easy rentability with close proximity to employment opportunities for prospective tenants around Brisbane Airport
Limited future supply opportunites for new apartments in and around Banyo
Likely future resale opportunity to owner residents looking to downsize to a more secure low maintenance home option from a larger house.

The area also features a high level of infrastructure including health and educational institutions. Nearby institutions include the Prince Charles Hospital, the Australian Catholic University, Nudgee College and several private and public schools

Pricing and Availability

Available Apartments: 14 out of 27

Price range: $429,000 – $446,000

Reservation deposit:    5%

Construction start: Started

Construction completion: 20 December 2019

Contract Type: 1 Part