Oakridge Property’s Lumina at Stone Corner project has won the hearts of a wide range of new apartment buyers, who cite location and value as key drivers.
Elevated above the luscious Hanlon Park in stones Corner, Lumina offers high-end luxury living in a fast-growing close city precinct that ticks all the lifestyle boxes.
With around 80 per cent of Lumina’s 97 apartments already sold, demand has been almost equally split among one, two and three-bedroom buyers.
Downsizer Kerry Batchler already has a growing property portfolio but choose a one-bedroom apartment at Lumina for its appealing size.
“It’s great value for money and a generous size and as I get older (I’m turning 70 this year), quite literally I’ll have a grocery store, library and public transport, right outside my doorstep,” said Kerry.
“I’ve got a one-bedroom with a media room, that is almost the same size as my two bedroom home in Kangaroo Point - just a few metres difference,” she said. “It has lovely inner-city appeal and the design and décor are very attractive with Mediterranean-style fittings."
Healthcare worker and two-bedroom apartment buyer Mary was so impressed by Lumina that she referred a friend to the project. Lumina’s location and the timeframe to build were among key drawcards for Mary.
“This (building timeframe) gave me time to enjoy my current residence and plan for a move in the next two to three years,” she said.
“It was such an opportunity, I encouraged a friend to also have a look and they ended up purchasing too.
“I think the key considerations when choosing the right place to live is the location and proximity of services that are important to you, such as transport, lifestyle: cafes, retail, parkland, friends and family.
“The challenge is then finding the right property and/or developer, particularly if there’s an opportunity to buy off the plan.”
Future Lumina resident Terry Brockhall bought a three-bedroom apartment because of its future investment value.
“I bought it as an investment. To me, I think Stones Corner could be the next Teneriffe or James Street, there’s so much potential and it might be 10 years to come but with the Olympics it will be a growing area and there are already some great cafes,” he said.
“I bought a three-bedroom plus multi-purpose room with two car spaces. It’s good value for money and the multi-room could easily be converted to a fourth bedroom space so friends and family can stay.
“I also travel a lot for work so it’s the security you get with an apartment than a home. I don’t need to let the gardener know if I’m away, it’s just lock and leave.”
Construction has begun on the 12-storey building, which once complete, will be the tallest building in the vicinity, with uninterrupted park-land views.
Data from JLL predicts Brisbane’s apartment demand will increase over the next year and gain considerable momentum medium-term. However, supply levels are likely to remain low as demand rises, meaning some may miss the opportunity to live in inner city areas.
A limited selection of one, two and three-bedroom apartments are still available at Lumina. To find out more get in touch with our team, go to luminastonescorner.com.au