Hamilton has made the top ten most popular online searches for apartments in Queensland.
The blue chip suburb made number seven on realestate.com.au’s New Apartment Hotspots list ahead of Highgate Hill, South Brisbane and West End.
The list is made up of the most popular Queensland suburbs searched by buyers during the three months to January. Eight of the top ten were in Brisbane.
Brisbane also fared well on a national scale, placing sixth on the list of most popular online searches Australia-wide.
Brookfield Residential Properties General Manger Lee Butterworth said there was high demand for off-the-plan sales in Brisbane.
“Affordability, in comparison to other capital cities, along with strong yields is driving the demand for off-the-plan sales in Brisbane,” he said.
“Buyers are looking for areas with infrastructure, retail and dining and so are attracted to the CBD or action-packed areas surrounding the city.
“Hamilton ticks the boxes in terms of location and with Portside Wharf at its heart, its easy to see why it was named as a hotspot.”
The most recent Place Advisory Quarterly Unit Report recorded $2.4 billion in off-the-plan sales last year totalling 4128 apartments – a 44 per cent increase on 2013 and almost three times 2012’s figures.
The average price was four per cent higher than 2013 at $575,084.
Mr Butterworth said Portside Wharf’s latest residential stage, Pinnacle, was more than 66 per cent sold and construction was set to be complete in the coming months.
“Pinnacle has appealed to buyers of all ages, particularly owner occupiers from Hamilton and surrounding suburbs including Ascot and Bulimba,” he said.
“They already know and love the area and most are looking to downsize from the family home, or upgrade their current apartment to something more luxurious.
“Perched on the edge of the Brisbane River and atop a lively boutique retail and dining precinct, Pinnacle offers the best in luxury waterfront apartment living with easy access to the CBD, airports, public transport and major roads.
“Buyers are taking advantage of the unique, riverside lifestyle on offer at Pinnacle with its access to everything, low maintenance luxury living and lavish features including a rooftop infinity pool and barbeque area, gymnasium, secure car parking and onsite security.”