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Apartment sales climb at Devine’s Mode at Newstead

140822 - Wyandra - Aerial - 2000-1Apartment sales in Newstead are booming, with leading developer Devine already achieving $59 million in sales at its upscale Mode apartment development. Devine has already sold more than 100 apartments at the cutting-edge $82 million development, which is located in the heart of vibrant, urban Newstead and just 100 metres away from the popular Gasworks Plaza. Devine General Manager Apartments and Development Cameron Mana said Mode’s strong sales reflected a surge in interest in Brisbane’s inner-city suburbs. According to new research from Place Advisory, 38 per cent of unconditional sales in the December 2014 quarter were from the inner north off the plan apartment market (Newstead, Fortitude Valley, Hamilton, Bowen Hills, Milton and Toowong). “Mode is well positioned to take advantage of the growing interest in Brisbane’s inner-city apartment market,” he said. “Sales have been strong, with many buyers attracted to Mode’s easy access to parks,shops,the CBD and the Universities. “Mode offers a very competitive price point, with one bedroom, apartments  starting from just $385,000. Mode also offers larger one bedroom apartments and a variety of two bedroom apartments, some with  city views or private courtyards. “All apartments offer a combination of high quality inclusions and modern finishes, some with great city or riverviews There is also a rooftop terrace, which offers expansive city views,  with seating nooks and communal BBQs. “Mode offers excellent value for a high-demand, quality suburb like Newstead.” Buyers were also attracted to Mode’s sought-after riverside lifestyle, Mr Mana said. “Mode is only 100 metres from the Brisbane River, parklands, riverfront walkways and cycle paths,” he said. “Residents can relax or exercise in one of the most picturesque locations in Brisbane.” Mode is located on the fringe of Gasworks Plaza, featuring more than 30 retailers including a full-line Woolworths, restaurants and cafes, a gym, chemist and boutiques. The James Street and Emporium lifestyle precincts are also nearby. Access to the Brisbane CBD is easy, with the CityCat ferry and City Glider terminal just 350m away, with direct links to the city and three major universities. Upon completion, Mode will feature 157 apartments over 12 storeys. For more information on Mode visit www.modenewstead.com.au * Place Advisory Market Report, Inner Brisbane Apartments, December Quarter 2014