Apartment Sales Top 100
With more than 100 apartments now sold at The Milton, the FKP development has achieved $60 million in sales and is set to begin construction in early 2012.
It achieved more than $6.5 million in sales during the past four weeks, with buyers attracted by the development's location and facilities.
Next to Milton railway station and adjacent to fashionable Park Road, The Milton is one of Brisbane's first transit oriented developments (TOD).
360 Project Marketing sales manager Bryce O'Connor said the recent spike in sales at The Milton over the past few months was due to renewed confidence in the Brisbane market.
"There has been a definite increase in sales and inquiry in recent months, in particular with investors who see now as the opportune time to buy," he said.
"They recognise the market fundamentals in Brisbane's inner west are strong and the introduction of the State Government's Building Boost has been a catalyst to act."
"With construction scheduled to start on The Milton in early 2012, people are looking to benefit from both the boost and current pricing, and to settle on their apartment in a potentially stronger market upon completion, expected in 2014."
The 30-level complex is a mix of one and two-bedroom apartments priced from $387,000, with any apartments priced less than $600,000 eligible for the $10,000 Building Boost. Mr O'Connor said the majority of owner-occupier buyers already lived within a five-kilometre radius of the project.
The Milton will include a ground floor retail precinct, and a range of onsite facilities including a rooftop skydeck on level 31 and a podium deck featuring pools, gym, residents' lounge, landscaped barbecue retreats and a sauna.