Buyers snap up $5 million worth of apartments in boutique project

BUYERS have snapped up $5 million worth of apartments in the boutique Windsor project Mint Residences.

Buyers of all ages have shown interest in Mint Residences at Windsor.

BUYERS have snapped up $5 million worth of apartments in the boutique Windsor project Mint Residences.

Almost a third of the 32 apartments in the six-level Ideal Property development are now under contract.

Construction is expected to start soon with completion scheduled by 2017.

Ideal director John Li said the majority of purchasers were local owner-occupiers.

“Mint appeals to a broad demographic,” he said.

Almost a third of the apartments are under contract.

“At one end of the spectrum we have young professionals securing our entry-level apartments to capitalise on Mint’s location.

“There’s also plenty of activity from purchasers who have taken up our larger apartments in the $500,000 bracket, which have been popular with families, mature-age purchasers and medical professionals who work at the Royal Brisbane Hospital...

“I think the appeal for buyers of all ages is that Windsor is such a highly accessible and vibrant neighbourhood.”

Mint marketing agent Lisa Cowan from McGrath Real Estate said Windsor’s growth potential was promising.

Windsor is experiencing above-average population growth.

“There’s a strong case for investment in Windsor, with capital growth trending above 6 per cent and vacancy rates currently at 2.5 per cent and decreasing – setting a platform for solid yields,” Ms Cowan said.

“Windsor is also experiencing an above-average population growth of 17 per cent, which means demand for property will only increase, so investors can feel confident they will be able to find and retain quality tenants.”

Apartments are priced from $389,000 to $570,000.

The project is 3km from the city and within easy reach of the hospitals, shops, schools and transport.