Investment prospects Down Under

  • Metro News
  • Friday, 09 Aug 2019

Epsilon is part of the second stage development of The Star Residences in Broadbeach, Gold Coast.

AUSTRALIAN real estate agency Resiwest Real Estate, which is headed by owner Aubin Hay, was in Kuala Lumpur recently to showcase two Australian developments to Malaysians seeking to invest there.

One is in Perth, while the other is on the Gold Coast.

According to Hay, the time to invest in properties in Perth has never been better.

“Perth is at the lowest point of the market in 13 years, making it the best time for investors to come in to the marketplace,” he said.

“Rentals have seen 7.8% vacancy rate dropping to 2.3% in the last 12 months.

“There are 57 suburbs in Perth that have increased in value in the last 12 months. Of those, 40% have gone up by more than 5%.”

Hay attributed the driving force to jobs, with mining in iron ore, LNG and lithium leading the way.

Perth Hub has a podium deck that houses the many apartment facilities.Perth Hub has a podium deck that houses the many apartment facilities.

Tucked right in the centre is the newly planned Perth City Link, which will connect the vibrant Northbridge and the CBD of Perth for the first time in a hundred years.

The precinct’s first residential development, Perth Hub, is just next to the RAC Arena, which stages concerts, sporting events and more.

This 30-level apartment building with 314 apartments has a ground floor dedicated to F&B and retail that is retained by developer Far East Consortium.

The high point of Perth Hub is a podium deck that houses the apartment facilities, which include an outdoor pool and landscaped pool deck, a residents’ private dining room including full kitchen, a lounge with large screen TV and fireplace, garden terraces, a barbecue pavilion, a sauna room, a gymnasium complete with a yoga and pilates room, communal orchard garden with citrus planting and herb garden, as well as bathroom and 24-hour concierge facilities.

Residents will have prime views overlooking the RAC Arena, Milligan Steps and the city skyline.

Another development is on Australia’s Gold Coast, where the best located, newly integrated resort residential masterplan development is taking place at The Star Residences in Broadbeach.

Hay said this AU$2bil (RM5.7bil) planned infrastructure project has the largest retail and entertainment precinct in the southern hemisphere, and includes Epsilon, the second stage of The Star Residences.

This 63-storey mixed-use tower incorporates 457 residential apartments, a five-star hotel and an exceptional retail offering of fine-dining, gourmet delis, cafes and wine bars.

It is located in the south-most part of Broadbeach Island, and will offer residents direct connectivity to The Star Gold Coast via a promenade on Levels 3 and 6.

It is also connected to the Gold Coast Convention and Exhibition Centres and the Pacific Fair, the largest shopping centre in Queensland and the fourth largest in Australia.

The shopping centre has 155,000sq m of retail therapy space that is dedicated to luxury brands, more than 420 speciality stores and a world-class indoor and outdoor leisure and entertainment precinct.

Residents will have exclusive access to luxurious, resort-style recreational areas on Levels 20 and 21.

The amenities will include a lap pool and poolside lounge areas and spa, outdoor BBQ, dining areas and kids’ club play areas, steam room, sauna and gymnasium, casual and private dining areas as well as yoga and stretch-down areas.

Additionally, all residents will have full access to the adjoining resort amenities with over 12,050sq m of convenience retail and resort amenities to enjoy at their leisure, which will just enhance the experience offered at the magnificent development.

On Aug 17, Resiwest Real Estate will showcase the Epsilon project at JW Marriott’s Starhill 7 function room from 11am to noon.
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