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Saving The Best For Last: Mon Komo Releases Final Penthouse



The final luxury penthouse has been released for sale at the $150 million Mon Komo mixed-use development in Redcliffe, as the residential tower approaches sell-out with just 17 apartments remaining for sale.

Kyko Group’s Mon Komo development incorporates:

  • A residential apartment tower,
  • A 4.5 star investment apartment tower,
  • Resort style recreational facilities including gymnasiums and swimming pools,
  • Boutique retail, such as the beautiful and atmospheric studio of renowned Artist Jo St Baker
  • The Mon Komo Hotel, with function rooms for corporate or social events, restaurant and bars.

The final luxurious three bedroom plus multi-purpose room penthouse at Mon Komo is priced at $1,305,000 and offers 247 square metres of spacious living, two large private balconies and floor to ceiling glass allowing the resident to enjoy expansive ocean views from the moment they wake up.

The penthouse consists of a master suite with ensuite, large private balcony with an additional two bedrooms, a main bathroom plus guest powder room, a multi-purpose room, three car spaces plus storage in the secure basement area and an expansive entertainer’s balcony.

Mon Komo Marketing Manager and TOTAL Property Group Managing Director Adrian Parsons said from both a financial and lifestyle viewpoint the release of this final penthouse offers the perfect opportunity for a discerning buyer who is seeking a penthouse lifestyle.

“The latest penthouse and apartment sales signifies a shift in the prestige market, with strong demand for unique oceanfront lifestyle properties close to Brisbane.

Mr Parsons said Mon Komo caters for buyers seeking the best and most luxurious waterfront living options.

“The Mon Komo residential tower offers the ultimate in apartment living, with the remaining 17 apartments including a selection of layouts from up to three bedrooms plus study (247m2) configurations,” he said.

“Our remaining apartment stock consists of three-bedroom two-bathroom apartments priced from $595,000, two-bedroom two-bathroom apartments priced from $695,000 and one-bedroom one-bathroom apartments priced from $355,000.”

yko Group Director Bill Jenkings said the location and design of Mon Komo were carefully selected to deliver the greatest potential for strong capital gains over time.

“There has been a positive shift in the prestige market and as a result we have decided to release the final penthouse and begin wrapping up this development,” he said.

“Mon Komo offers some of the only new prestige oceanfront residential and investment apartments in the idyllic location of Redcliffe, situated far enough away from the city to feel like you are on a permanent holiday but close enough to allow an easy daily commute.

“The penthouse and residential apartments offer a great opportunity to make a lifestyle investment in this seaside haven, with a variety of restaurants, cafes and shops all within walking distance of Mon Komo and an award-winning hotel located on site.

“Australians love coastal living and the Redcliffe esplanade presented the perfect location for us to build an oceanfront two-tower mixed-use development incorporating a hotel in a lifestyle destination close to the Brisbane CBD plus Brisbane’s domestic and international airports.

“Our vision was to create luxury lifestyle apartments with the highest quality of design and building principles to attract investors and sea-changers looking for prestige oceanfront properties and Mon Komo has been very well accepted in the market place, with initial strong buyer interest intensifying as the residential tower approaches sell-out.”

Situated at 99 Marine Parade, Redcliffe, Mon Komo is easily accessible to major urban environments being just 35 minutes’ drive to Brisbane’s CBD and 25 minutes from Brisbane’s domestic and international airport, with the new $1.15 billion dual-track rail link connecting the Redcliffe Peninsula to the Brisbane CBD currently under construction.

Original article published at  by Staff Writer 23/9/16

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Property Group Buys Land Plots for Development in Brisbane’s North



Property Group Buys Land Plots for Development in Brisbane’s North
Brisbane-based property group, CFMG capital has acquired two land parcels in Brisbane’s growing northern corridor to develop a 130-lot residential project.

The land parcels total 6.72-hectares at Graham Road, Morayfield, and each lot will provide a new house ranging from 300 to 687sq m. The acquisition will take CFMG’s pipeline to more than 1,000 lots across Queensland and Victoria.

CFMG managing director Scott Watson said pre-release marketing had generated strong sales enquiry from both owner -occupiers and local volume builders looking to secure land for their clients.

“The momentum of the project is expected to continue with official data indicating the demand for quality affordable projects in strong growth corridors forecast to continue,” he said.

Since 2009 Morayfield has experienced an average of 2.5 per cent population growth, higher than the state average of 1.8 per cent.

The project also benefits from close proximity parkland facilities, schools, childcare, shopping centres, specialty retailers and public transport networks.

CFMG Capital operates two core divisions: a residential communities’ development business and residential funds management business which has raised more than $90 million in third party equity.

According to the company, sales in Morayfield have already been strong with 40 pre-sales already in place and current contract exchanges totaling a sales value of $7.2 million.

In the first half of the 2017-18 financial year CFMG secured more than 200 sales across six separate projects in Queensland and Victoria.

“Through most of calendar year 2017 we saw significant spikes in both enquiry and ultimately sales, and as a result we were able to achieve incremental price growth across multiple projects without noticeable impact on sales rates,” he said.

“Particularly in the back half of 2017, there was a strong appetite for land registering in early 2018 which could attract a premium price.

CFMG recently secured a 6.8-hectare land parcel in Bridgeman Downs, 12 kilometres north of the Brisbane CBD.

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$250 million mixed-use development a boon for north Brisbane suburb



$250 million mixed-use development a boon for north Brisbane suburb

Richards and Spence has incorporated elements such as the corner clock tower to make the development feel more like a “village” and less like a shopping centre. Image: Richards and Spence

Moreton Bay Regional Council has given the green light to a 1.7-hectare mixed-use development which will transform one of Queensland’s fastest growing areas.

With Brisbane-based practice Richards and Spence as lead architects, the Laguna development will be built in the heart of the suburban area of North Lakes, 26 km north of Brisbane.

It will feature 5,000 square metres of fashion, food and beverage retail space; a 140-room hotel; 2,000 square metres of health and wellness facilities; a 1,500-square-metre “resort-style” restaurant and bar; a convention and events centre and a publicly accessible aquatic centre with a lagoon-style pool.

Laguna by Richards and Spence features a publicly accessible aquatic centre with a lagoon-style pool. Image:  Richards and Spence.

Moreton Bay mayor Allan Sutherland said at the time of approval that the project would add to the 7,700 jobs in the North Lakes area, provide public green space and bolster the suburb’s reputation.

Originally part of Mango Hill, North Lakes was gazetted as a separate suburb in 2006, with its name derived from the masterplanned estate developed by property group Stockland. The suburb’s population has since grown exponentially, with the 2011 census recording a population of 15,046 and the 2016 census recording 21,671 people living in the area.

Richard and Spence director Ingrid Richards said “middle-ring” or “fringe” suburbs such as North Lakes often lack the cultural and social amenity associated with living close to the city. She said that as Australian cities grow outwards, developers, retailers and councils alike have “not just an opportunity but an obligation to help alleviate this shortcoming.”

“It’s critically important to provide quality retail and mixed-use amenity for the population that will call these areas home,” she said.

The Laguna development is intended to deliver this amenity all in one go. Richards said, “It’s got a complexity, and it’s got a depth to it as a suburb, as a fully functioning place.”

The precinct will be centred on a tree-lined, pedestrian-orientated high street, to be known as Laguna Drive, which will feature retail, cafe and outdoor dining space.

“We’re trying to raise the bar of what is good public space, of what is a good, exciting, engaging retail environment,” Richards said.

The two office buildings, designed by Nettleton Tribe. Image:  Nettleton Tribe

In addition to the retail and hospitality offerings, the project will also feature 10,500 square metres of office space across two buildings designed by Nettleton Tribe.

Richards said it was vital that jobs were created through the development.

“As a complete, masterplanned development…you can actually work there,” she said. “Everyone’s not necessarily driving to Brisbane for work, because there is business there. So, it’s not just a housing development, and that’s an important distinction to make.”

The project is being developed by the George Group in conjunction with Pointcorp.

Construction of the project is planned to commence in early 2018, with completion slated for late 2020.

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Moreton Bay Regional Council makes decision on North Lakes commercial precinct



moreton development

DEVELOPERS of the proposed Laguna North Lakes commercial precinct will have six years to begin the project after getting council approval today.

The council this morning adopted a ­Material Change of Use ­application for the development at its coordination committee meeting at Strathpine.

The application is for a catering premises, commercial services, convention centre, hotel, indoor recreation, licensed club, ­occasional market, office, restaurant and shop.

An artist’s impression of the Laguna North Lakes development.

It was lodged by Wolter Consulting Group with the Council listed as the owner of the site, which covers land at 28-40 North Lakes Drive, 10 The Corso and 75 Lakefield Drive.

The application was ­initially lodged on May 19.

Council planners, in the report to council, said it would be a high-quality mixed-use development.

The proposed development, which would cover the 1.72ha site, would be constructed over four stages, the report stated.

“The proposal seeks to create a unique experience in the North Lakes area, ­establishing a boutique ­retail, dining and lifestyle precinct in the heart of North Lakes,” it stated.

“The proposal will ­contain a total gross floor area of 34,892sq m and consist of five new buildings ranging in height from two storeys up to six storeys.

An artist’s impression of the lagoon pool at Laguna North Lakes.

“The tallest buildings ­include the hotel and function centre and the commercial office towers (six storeys) which front The Corso and North Lakes Drive respectively.

“The development will be supported by a multi-level basement carpark, which will be integrated with the existing basement carpark situated beneath the existing council library.

“A new laneway (Laguna Drive) is proposed to connect The Corso and Lakefield Drive, internal to the site, which will enhance ­accessibility for users by providing short-term parking options and passenger set-down.”

The report recommended councillors approve the ­development, subject to amendments and conditions.

One of the recommended amendments was for a taxi rank set-down area adjacent to the function centre lobby. This would be designed to include either a drop-off/pick-up zone or a dedicated parking bay capable of accommodating a taxi suitable for use by people with ­disabilities.

The $250 million project first made headlines in ­December last year when it was announced Pointcorp and the George Group would develop the land, that at the time was being used for car parking.

Mayor Allan Sutherland said at the time the ­eventual sale price of the land would be $7.7 million and the developers were to pay a $700,000 deposit on a four-year lease.

A leasing campaign to ­attract retail and commercial tenants was launched in May.

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