Securing an apartment at Brisbane’s premier riverside precinct, Portside Wharf, has never been more achievable for those entering the market.

First home buyers who qualify for the $15,000 government grant will receive a $15,000 discount to match, when buying a new apartment at Promenade, plus a $5,000 Harvey Norman gift voucher to help furnish their new home.

Brookfield Residential Properties National Director, Philip Leahy says the discount, combined with the Harvey Norman gift voucher is the ultimate house warming present and a huge incentive for first home owners.

“Since the introduction of the restructured $15,000 government incentive for first home buyers, we have received an influx of enquiries from people looking to secure their first property,” he said.

“Across the board, purchasers are attracted by the opportunity to secure a property on the Brisbane River at a relatively affordable price, with apartments in Promenade starting from $430,000.

“Promenade has appealed to a broad range of purchasers including lifestyle focused owner occupiers and savvy investors and we expect to see a surge in sales in the new year, particularly from first home buyers looking to take advantage of this offer.”

Promenade, latest residential tower, which is situated at the heart of the riverfront development, comprises one, two and three bedroom apartments, of which more than 80 per cent are sold.

Mr Leahy says sales have been made to a mix of buyers from the surrounding area and also from the southern states, with the lifestyle remaining a key drawcard.

“Owner occupiers want to be part of Portside Wharf and its range of restaurants, cafes, shops and entertainment, as the opportunity to live in a master planned community like this, that features such an extensive mix of amenities, is rare,” he said.

“Portside Wharf encapsulates the best of location and amenity with its mix of boutique fashion, riverfront dining, luxury residential living and the cruise terminal making up the vibrant mixed-use development.

Mr Leahy says the list of quality retailers that have joined the precinct in recent months have added to its appeal, leading to a flurry of enquiries since the start of spring.

“Investors recognise the retail will help to attract tenants, particularly given the strong rental demand already experienced in the area, while owner occupiers can see the advantage of having the range of sophisticated dining options, an IGA supermarket and boutique fashion stores literally on their doorstep,” he said.

Mr Leah says the precinct offers a real sense of community and is gaining momentum as a premier residential address.

“The lifestyle is fantastic, particularly for those looking to move out of the CBD  to a waterside apartment on the Brisbane River, but still want the benefits of all the modern conveniences,” he said

“For investors, the strong rental demand and potential for capital growth over the next four years, with the Northshore Hamilton area set to expand exponentially, is also a key factor.”

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