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Young professionals are flocking to The Wellington in East Brisbane

first_imgEric Pizzani has purchased a one-bedroom apartment in The Wellington in East Brisbane, after realising his rent was almost as much as what his mortgage repayments would be.A SMALL margin between rent costs and mortgage repayments propelled this first-home buyer into purchasing a one-bedroom apartment in East Brisbane.Eric Pizzani, aged 28, just purchased a one-bedroom, one-bathroom, one car space apartment with stunning city views, in The Wellington in East Brisbane and he can’t wait to move in. The Wellington in East Brisbane“I used to rent a small one-bedroom apartment in Annerley before my boss pointed out my rent was a similar amount to his mortgage repayments!’ Mr Pizzani said.“It was at that point that I started looking into purchasing my first property.” Mr Pizzani knew what he wanted, an inner-city apartment surrounded by infrastructure so he could work or ride to work. The Wellington East BrisbaneMr Pizzani said being able to walk to local cafes, restaurants and bars was a massive drawcard.“I plan to move into my apartment once construction is completed and can’t wait to spend my afternoons enjoying a glass of wine and watching the sunset over the city from my balcony — the view will be spectacular.”The Wellington is a $47 million development with 127 apartments, 75 per cent sold, with construction due for completion in October.Apartment sales have come from a variety of local and interstate purchasers, from young professionals to mature buyers looking for a central location, cafe culture lifestyle and secure and spacious living environment. The Wellington in East BrisbaneTotal Property Group managing director and marketing manager for The Wellington Adrian Parsons said strong sales spread across both the one and two-bedroom apartments could be attributed to a broad range of buyers, as well as a growing trend in single person households.“With single person households projected to grow on average 2.2 per cent per year making them the fastest growing type of household in Australia, it is little wonder that our luxury one-bedroom apartments … have experienced such strong buyer appeal,” he said. “We are seeing more and more sales inquiries coming from young professionals who are drawn to East Brisbane’s proximity to the CBD as well as the thriving cafe and restaurant scene that continues to grow and expand from the renowned Logan Road precinct.”center_img The Wellington in East BrisbaneMore from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago“I was pleasantly surprised to discover that the apartments at The Wellington ticked all of the boxes while being great value for money,” he said.“With the help of the Queensland Government’s First Home Owner’s Grant and record low interest rates, I found myself able to afford a great one-bedroom apartment with a spacious balcony overlooking the city skyline and river.” The Wellington in East Brisbane.EPV Developments director Karl Jameson said it was exciting to see their original concept for the development to start taking shape as completion approached.“Throughout the planning and design of The Wellington we aimed to focus on creating a pleasurable inner-city lifestyle for our residents, and it is great to see our concept resonate with buyers,” Mr Jameson said.The Wellington’s one and two-bedroom apartments are available in a variety of floorplans priced from $339,000 to $560,000.The development is just a short walk to The Gabba stadium and the dining and shopping destinations of Logan Road and Stanley Street.last_img read more