parkcentralbrisbane • com • au unearth a world of colour introduction
park central masterplan
the big picture location
a colourful city a new world city
expand your palette living here
inside • park central one about
as large as life amenity
discover vivid vibrant design design
contemporary colour interiors
a kaleidoscope of opportunity investment
bright choice the team
Artist impression only. unearth a world of colour•
What’s your favourite colour? The lush green of a vertical garden? The shimmering blue of a crystal clear lagoon? Salmon pink like billowing clouds glowing in the western sky at sunset? Silver like gleaming boutique tapware or a stainless steel appliance? The bright red of a bocce ball as it bounces across a manicured green lawn? Whatever colour catches your eye, you’ll find here at Park Central.
Artist impression only. 100 shades of sheer
accessibility and convenience Sunshine Coast Brisbane Airport • 90km / 60 mins 17 km / 18mins Brisbane CBD 3.5km / 7 mins 6 3 8 the big picture 1 10 4 • 14 22 11 A true transit oriented development, Park Central offers unrivalled connectivity to bus, rail, road and bikeways and is destined to be 2 16 23 13 the hub of activity in the catchment. port Air y & 19 Cit o Park Central will connect via a retail plaza directly to the Buranda busway and rail stations. Just one stop on the busway connects 15 T 20 you to South Brisbane and just 2 stops into the Brisbane CBD.
Dedicated bikeways link Park Central to the South East Freeway (north to Brisbane CBD and south to Mount Gravatt) and the Norman Creek Bikeway and Greenway. 5
ENTERTAINMENT, SHOPPING & DINING EDUCATION
9 1. Brisbane CBD 3.5km 13. South Bank Institute of TAFE 2.5km
2. Southbank Dining Precinct 3km 14. Griffith University Southbank 3km
3. Fortitude Valley & China Town 4.5km 15. UQ St Lucia 2.5km
4. Queen Street Mall 3.5km 16. QUT Gardens Point 2.5km
5. The ‘Gabba’ Stadium 1km 17. Buranda State School 100m
6. Suncorp Stadium 5.5km To G old HOSPITALS Co 7. Buranda Village 500m as t 18. Princess Alexandra Hospital 500m Ipswich Road 8. Cultural Centre and GOMA 4km 19. Lady Cilento Children’s Hospital 2km 9. Woolloongabba Dining and Antiques Precinct 1km 20. Mater Hospital 2km 10. Queensland Performing Arts Centre 3.5km
Logan Road 11. Queen’s Wharf Precinct 3km 18 RECREATION & GREEN SPACES 12. Stones Corner Shopping & Dining Precinct 300m 21. Hanlon Park 50m
22. South Bank Parklands 2km
TRANSPORT 23. City Botanical Gardens 2.5km
Pacific Motorway Buranda Railway Station 24. Thompson Estate Reserve 1km 7 Buranda Busway
Pacific Motorway
Main Roads 17 Bicycle Tracks O’Keefe Street
21
Gold Coast 79km / 55 mins Old Cleveland Road 24 Artist impression only. 12 park central•
Discover Park Central, a $1B master planned transit oriented development located in Woolloongabba, just 7 minutes to the Brisbane CBD.
This vibrant new community will comprise student accommodation and luxury apartments strategically positioned around an expansive private open space and a retail, entertainment and dining precinct.
The Park Central master plan envisions over 4,000m2 of ‘sky park’, a private recreation space which will include a club lounge, outdoor dining and entertaining areas, lap and lagoon pool with infinity edge and waterfall, jogging track, outdoor gym equipment, table tennis, bocce, yoga lawn, grassed kick-a-bout area, outdoor cinema and fenced off-leash dog park.
A true transit oriented development, Park Central offers unrivalled connectivity to bus, rail, road and bikeways and is destined to be the hub of activity in the catchment.
While there will be no reason to leave Park Central the immediate area offers an eclectic mix of cafes, restaurants and services, over 5 hectares of parkland just across the road, and the CBD and South Bank lifestyle and entertainment precinct within easy reach.
Artist impression only. a colourful city•
Just across the river from the heart of Brisbane - a new world city with global appeal - Woolloongabba is bursting with life and Park Central is at the heart of it all. Enjoy all manner of shopping, from malls and boutique stores to markets, dining and Woolloongabba’s famous antique precinct.
Brisbane’s population has grown to 2.4 million and it has the facilities, amenities and services to match. Schools of the Copyright Destination Brisbane Consortium 2015 - artists impression only. Proposed Queen’s Wharf Development calibre of Brisbane State High, St Laurences, Sommerville House, Anglican Church Grammar School and of course South Brisbane TAFE, QUT and University of QLD are all easily accessible.
World class hospitals including Mater Private, $1.5B Lady Cilento Children’s Hospital and Princess Alexandra are all nearby, as are international standard sporting venues including the famous Gabba Cricket Ground.
Entertainment and culture also with the Gallery of Modern Art, QLD Art Gallery, Museum, Performing Arts Centre, South Bank Parklands, Treasury Casino and the proposed Queen’s Wharf casino and dining precinct all within a 5km radius. expand your palette•
Park Central is a vibrant new community, fully self- contained with everything you need at your doorstep including expansive private open space and a brand new retail, entertainment and dining precinct.
Woolloongabba is positively bursting with life.
Based around a tranquil yet invigorating park – the Thompson Estate Reserve and Hanlon Park over 5 hectares – residents will enjoy a decidedly active life, strolling, running, cycling along the extensive bikeways, or just having a kick about or a picnic in the park.
A first class dining precinct, Woolloongabba has a smorgasbord of exquisite restaurants and cafes, such as Enoteca, C’est Bon, Sunny Doll, Pawpaw Café, Café Essence and many more.
With the CBD just 7 minutes away, Park Central will be inner city living at its finest. Everything your heart desires is all around you, while inside Park Central a myriad of recreational facilities await to please the body, mind and soul. Artist impression only.
Park Central One offers the very first opportunity to be part of this brand new master planned, transit oriented development.
Park Central One will deliver 168 1 & 2 bedroom luxury residences rising 18 levels park central one• plus a private rooftop taking in spectacular views of the City and surrounds. An easy 7 minutes to the Brisbane CBD, come home to the private rooftop deck for a swim or a workout in the fully equipped gym, or bat the breeze on the deck and admire the breathtaking city views. as large as life•
Reflecting a design ethos for “Buildings that Breathe”, Park Central One references the neighboring green corridor via a vertical living facade that complements the adjacent parklands and draws them into the residences and up to a spectacular rooftop garden terrace taking in spectacular views of the Brisbane CBD and surrounds.
Artist impression only. Artist impression only. discover vivid vibrant design• Inspired by the architecturally designed façade, understated and classically-styled interiors are generous in size, with ample storage and durable finishes. A softened palette of natural tones, cream and timber is used throughout alongside penny tile splashbacks, integrated island bench dining and Bosch appliances.
Artist impression only. Artist impression only.
complementary colours •
Each of the residences at Park Central One has been individually designed to make the most of its distinctive layout, maximising both space and views. It is free-flowing, open plan living at its best, offset by a most attractive contemporary colour palette.
As soon as you enter your apartment, you’ll be drawn into its bright and breezy spaciousness, accentuated with copious full-height glazing.
From the beautiful designer kitchen with its feature splashback, reconstituted stone island bench and quality Bosch stainless steel appliances, right through to its spacious balcony. Beautiful, modern bedrooms and exquisite bathrooms blending both form and function complete the picture.
Artist impression only. Artist impression only. a kaleidoscope of opportunity• major employment nodes
Queen’s Wharf Cultural Centre Princess Lady Cilento and Project Redevelopment Alexandra Mater Hospitals $4 billion Master Plan Hospital Precinct (commencing January 2017) $1.5 billion Located within $1.5 billion Queen’s Wharf is set to be The world-class multi-venue Woolloongabba, Princess Located close by in a world-class integrated centre encompasses the Alexandra Hospital is a South Brisbane, the resort development, and will include a mix of six-star Queensland Art Gallery, Gallery of Modern Art, Queensland 780 bed hospital with more than 6,000 employees. newly opened Lady Cilento Children’s Hospital and hotels, a casino, retail, dining, entertainment, theatre and Performing Arts Centre, Queensland Museum and State It is nationally recognised for its expertise in trauma the Mater Public and Private Hospitals comprise over convention uses. The development will attract visitors and Library of Queensland – a 20-year planning and design management, is a major transplantation centre and 1,250 patient beds and employs over 10,000 staff. investment to Brisbane, boosting the construction and vision for the arts precinct. is one of Australia’s leading academic and research The precinct contains Queensland’s premier paediatric tourism industries, and has the potential to promote greater health centres. and maternity centres and both public and private interaction with the Brisbane River and key heritage sites. adult emergency and other medical services. transport population & demographics Brisbane Brisbane RESIDENTS AGED BETWEEN 20 AND 34 REPRESENT MORE THAN ONE-THIRD infrastructure Busway Network Rail network (35%) OF THE POPULATION LIVING IN THE WOOLLOONGABBA CATCHMENT. Brisbane boasts a highly integrated The Queensland Rail City network is Transport usage busway system through the inclusion of made up of ten suburban lines and Percentage of residents using services Woolloongabba is strategically located within two kilometres Woolloongabba’s proximity to major employment nodes, dedicated above and below ground travel two interurban lines. The Buranda of Queensland’s largest employment node, the Brisbane CBD. coupled with major transport infrastructure investment and WOOLLOONGABBA BRISBANE LGA paths for buses. The system includes Station is located on the Cleveland The neighbouring suburb of South Brisbane has evolved into organic employment growth will provide a strong facilitator the South East Busway and the Eastern Line, providing connection to the a major employment region offering residents opportunity to for growth in the local residential market. Collectively, these 19.2% 14.6% Busway, which meet at Buranda Busway Brisbane CBD in 15 minutes. enjoy the Woolloongabba lifestyle, whilst having easy access employment nodes may equate to approximately 115,713 Station within Woolloongabba. 6.5% 5.3% to their place of work. new jobs by 2031.
Prepared by Urbis; Source: ABS Census 2011
Who live livess in Woolloongabb in a? Population projection employment Woolloongabba? 2005-2036 2011 2031 New jobs Job growth WoolloongabbaBrisbane LGA Woolloongabba Catchment Average age Woolloongabba 31,109 57,482 26,373 3.1% of residents 35 36 Catchment* 17,225 2.2% Couple family 44% 37% Brisbane CBD 156,545 222,178 65,633 1.8% (no children) NEW RESIDENTS BY 2036 Employed as projected professionals 34% 34% South Brisbane 820 250 22,741 46,448 23,707 3.6% White collar workers job growth & West End 79% 74% NEW RESIDENTS NEW DWELLINGS Gen Y residents PER ANNUM PER ANNUM Total 35% 22% 2011-2031 210,395 326,108 115,713 2.2% (20-34) Prepared by Urbis; Source: ABS ERP 2015, QGSO Projections 2016-2036 Rented dwellings 52% 34% Average 2.3 2.6 *Woolloongabba Catchment includes the suburbs of Dutton Park, Woolloongabba, Coorparoo, Greenslopes, & Annerley household size persons persons Average weekly rent $860 $750
PreparedPrepared by by Urbis; Urbis; Source: Source: ABS ABS Census Census 2011 2011
Education Instititions 70,000 65,994
60,000
49,997 WOOLLOONGABBA IS CENTRAL TO BRISBANE’S
tion 50,000 la LEADING EDUCATION INSTITUTIONS, COMPRISING 40,000 Popu OVER 120,000 ENROLLED STUDENTS 30,000 University of Queensland University Queensland of Technology 20,000 17 11 27 21 07 47,229 44,474 20 20 2015 2013 2031 2019 20 20 2025 2023 2029 20 2035 2033 2005 2009 students students Period (year)
Population projection 2005-2036 3.0km distance 3.4km distance Woolloongabba Catchment from site from site
17,225 NEW RESIDENTS TAFE Queensland BY 2036 Southbank Southbank 30,000 3,424 820 250 students students NEW RESIDENTS NE W DWELLINGS PER ANNUM PER ANNUM distance 2.8km distance Prepared by Urbis; Source: ABS ERP 2015, QGSO Projections 2016-2036 2.7km from site from site
in cr ea sed wit hin t he catchment, so has demand for urban livin g . T h is h as b e en demonstrated through the consistent long-term apartment price growth, which recorded an av er ag e an nual median sale price increase of 4.5 per cent . over the last 10 years to June 2016. Increasing demand for new apartments in the Strong population projections within the Woolloongabba Woolloongabba atchment can be attributed to a number atchment are expected to drive Woolloongabba’s transformation into a thriving hub. opulation growth a kaleidoscope of opportunityapartments over houses in t•he catchment. The median in the suburb of Woolloongabba is set to increase by 5.5 apartment sale price for the period ending June 2016 was 435,000. ver the same period, the house market catchment as a whole projected to welcome 17,225 new registered a median price of 750,000, equating to residents between now and 2031. 315,000 affordability gap. Looking forward, as population growth and house price Also supporting growth and driving demand in the growth continue to drive apartment demand, increased residential analysis W in ocr oella osoend ga wbitb hain t ahtec hcamtecnhtm ise nptr,o sxoim hiatsy dteom emanpdl ofyomr uernbta,n market interest frentalrom both inters taanalysiste and international in livfrain sg t. rTu hc its u h raes a bn ed e lni f edsetmyolen asmtreatneitdy t. hInr outheg hp athste, caosn sistent investors is likely to remain strong. inlofnrags-treurmct uarpea artnmd eenmtp plroicyem gernotw otphp, owrhtuicnhi trieecso hardveed an av er ag e an nual median sale price increase of 4.5 per cent . SIGNIFICANT INCREASE IN Souvsetra tinhe dla aspt a1r0t yeeanrts toe Jduinaen 2pr0i1c6e. growth Off-the-plan apaWOOLLOONGABBArt ent sales HAS On-the-market rental premium* Woolloongabba Catchment vs. Inner Brisbane June 2016 InPOPULATIONcreasing demand fo r FORECASTnew apartment sIN in tTHEhe WStorolnlogo pnogapublbaat io ant cphromjeecnttio Jnusn we 2it0h16in the Woolloongabba Woolloongabba JuEXPERIENCEDne 2016 WEEKLY RENTAL Woolloongabba atchment can be attributed to a number number of sales median sale price WOOLLOONGABBA CATCHMENT atchment are expected to drive Woolloongabba’s PRICE GROWTH OF UP TO 8.2 PER $475 trans1 fyearormation into a thriving hub. opulation growth 300 500,000 53% apWILLartmen tLIKELYs over hou DRIVEses in the THEcatch ment. The median 4.8% CENT PER ANNUM 435,00 OVER0 450,00 THE0 PAST $390 1 BED PREMIUM
in the suburb of Woolloongabba is setper to annum increase by 5.5 250 e Short
s 400,000 c e
RESIDENTIAL APARTMENT 10 YEARS. i
apartment sale price for the period ending June 2016 l 350,000 r
a 8%
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s OTM e wMARKETas 435,000 .MOVING ver the sam FORWARD.e period, the house market f 300,000 $440 catc10hm yearsent as a whole projected to welcome 17,225 new l 2 BED PREMIUM o
a RTA $255 r 150 Queensland’s Residential Tenancies Authority250,000 s (RTA) registered a median price of 750,000, equating to e
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200,000 a Med
per annum highlights the median weekly rental data for bothi existing 3Increasing15,000 a demandffordab forilit newy ga apartmentsp. in the 100 d 1 bed 2 bed
u 150,000 Looking forward, as population growth and house price e N and new one and two-bedroom apartments collected by Woolloongabba Catchment can be attributed to a number 20 years 100,000 M Also supporting growth and driving demand in the growth continue to drive apartment demand, increased 50 Prepared by Urbis; Source: realestate.com.au Residential Tenancies Authority of factors. The first being the relative affordability of 6.5% postcode. In the quarter period ending 50 June,000 2016, the 4012 Woolloongabba atchment is proximity to employment, 0 0 mLong arket interest from both interstate and inteperrn aannumtional postcode registered weekly rents of $255 and $440 for 2 8 6 4 2 4 8 apartments over houses in the catchment. The median 6 10 year rental growth 1 1 0 0 0 0 9 infrastructure and lifestyle amenity. In the past, as 9 0 0 01 6 01 0 0 0 0 0 00 0 9 investors is likely to remain strong. 9 one and two bedroom apartments. Woolloongabba Catchment vs. Inner Brisbane June 2016 2 2 2 1 1 2 2 2 2 2 inapartmentfrastructu salere a pricend e formp theloy periodment endingoppor tJuneuni t2016ies ha ve 2 was $435,000. Over the same period, the house market repared by rbis, Source A rice inder Period uarterly Woolloongabba atchment includes Woolloongabba, Annerley, oorparoo, Woolloongabba’s accessibility to significant built registered a median price of $750,000, equating to utton ark reenslopes. repared by rbis Source A rice inder 1 BE D 2 BED infrastructure, amenity, and both local and major Inner Su$315,000stained affordabilityapart ent gap. edian price growth Off-the-plan apart ent sales Brisbane 4.3% 3.7% Woolloongabba atchment June 2016 Woolloongabba June 2016 employment nodes positions it as a key residential area Woolloongabba s affordability offering Short ter edian price growth Also supporting growth and driving demand in the within Brisbane’s inner suburbs. Woollongabba Woolloonganumbbear ofa staclehsment Jumneed i2an01 sa6le price June 2015-June 2016 Catchment* 5.3% 8.2% Woolloongabba1 year Catchment is proximity to employment, 300 500,000 On-the-market rental data, which records advertised At une 2016, Woolloongabba apart ent s a4le3s5 ,r00ep0re s4e5n0t,00ed 0 Prepared by Urbis; Source: Residential Tenancies Authority infrastructure and lifestyle amenity. In the4 past,.8% as Woolloongabba suburb only 460,000
per annum 250 rents for new and near-new apartment product indicates e Short ans affordability gap upward of 40 per cent on house 4s0al0e ,0s.00
infrastructure and employment opportunities have c e i l 350,000 r that one and two-bedroom apartments in the region are Apartment vacancy rate a
200 p 15%
increased within the catchment, so has demand for urban s p.a
House e f 300,000 Inner Brisbane (0-5km) 10 years l attracting a rental price premium over existing stock. o a r living. This has been demonstrated through the consistent 150 250,000 s 0.6% e 750 4.5% n Woolloongabba Catch ent 435,000 b
200,000 a Med
long-term apartment price growth, whichper recorded annum an i
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u Apart ent 150,000 e 4.8%
average annual median sale price increase of 4.5 per cent N
M apartments have a median weekly rental price of $390 MARKET 20 years 50 435 100,000 p.a over the last 10 years to June 2016. 315 50,000 which is approximately $135 per week or 53 per cent more 6.5% Brisbane LGA 442,000 0 0 Long per annum 3.3% 2 8 6 4 than existing stock. New and near-new two bedroom 2 4 8 6 1 1
0 1.6% 0 0 0 9 Strong population projections within the Woolloongabba 9 0 0 01 6 01 0 p.a 0 0
0 TOTAL MARKET 0 00 0 9 9 2
2 apartments have recorded a median weekly rent of $475, 2 1 1 2 2 2 2 2 Catchment are expected to drive Woolloongabba’s 2 repared by rbis, Source A rice inder Period uarterly recording an 8 per cent premium over the existing market. Wtransformationoolloongabba atchmen into at thrivingincludes Whub.ooll ooPopulationngabba, An ngrowtherley, oo inr paroo, utton ark reenslopes. reparepareredd b byy rrbibiss S Soouurce rce A A r riceice indindeerr repared by rbis Source A rice inder the suburb of Woolloongabba is set to increase by 5.5 Potential capital growth offered by a regenerating Prepared by Urbis; Source: Prepared by Urbis; Source: REIQ, Urbis Rental Report per cent per annum over the next five years, with the precinct paired with the suburb’s strong gross rental yield Woolloongabba s affordability offering Short ter edian price growth catchment as a whole projected to welcome 17,225 new is likely to drive the potential investment opportunity Woolloongabba atchment June 2016 June 2015-June 2016 residents between now and 2031. offered within Woolloongabba. At une 2016, Woolloongabba apart ent sales represented Looking forward, as population growth and house price Woolloongabba suburb only 460,000 an affordability gap upward of 40 per cent on house sale s. Despite Inner Brisbane recording a vacancy rate of 3.3 per growth continue to drive apartment demand, increased 15% cent for Marchrepared quarter exclusiv 2016,ely for Urbis Wee H researchur Holdin hasgs determined7 p.a marketHouse interest from both interstate and international a tighter vacancy rate of 0.6 per cent for new apartment investors 750 is likely to remain strong. Woolloongabba Catch ent 435,000 product in the same area. Gap Apart ent 4.8% 435 315 p.a Brisbane LGA 442,000 1.6% p.a
repared by rbis Source A rice inder repared by rbis Source A rice inder
repared exclusively for Wee Hur Holdings 7 bright choice •
Established in 1980, Wee Hur Holdings Ltd is a listed company on the Singapore Stock Exchange, Woods Bagot is a people architecture company. They place human experience at the with core businesses in property development, construction, workers’ dormitory and purpose- centre of their design process in order to deliver engaging, future-oriented projects that are built student accommodation. underpinned by three main tenants: Limitless Curiosity, Computational design based on the analysis of User Behaviour, and Super Typologies. Woods Bagot do this as a global design and Wee Hur has completed more than 100 construction projects since inception, while the consulting studio with a team of over 1000 experts working across 17 studios in Australia, property development arm has generated in excess of $1B worth of sales in both residential Asia, the Middle East, Europe and North America. apartments and industrial units development. Wee Hur is also currently operating one of the largest foreign worker’s dormitory in Singapore, housing 16,800 workers in one facility. The Woods Bagot global studio model allows them to work collaboratively across time zones and borders, using the latest technology to share design intelligence and Wee Hur’s first foray into Australia was a $56.5 million acquisition of 3 plots of land at Buranda strengthen their knowledge base around the world. in March 2015, now collectively known as Park Central. Part of this master plan boasts Australia’s largest purpose-built student accommodation, housing 1,578 students. www.woodsbagot.com
Wee Hur subsequently purchased a commercial office building in the Brisbane CBD near King George Square in March 2016 for $63 million.
Wee Hur’s motto “Prudence in our ways; Excellence is our aim” has paved the way to continual success and earned “Asia’s 200 Best Under A Billion” in 2013 and 2015 by Forbes. www.weehur.com.sg
parkcentralbrisbane • com • au discover A WORLD OF LIVING COLOUR• Call 1800 316 915 parkcentralbrisbane.com. au enquire today
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