Urbis: 'Gabba Suburb To Watch' as $28 Million Notched in Apartment Sales

$28 million in residential sales has been reached across four months at EPV Developments’ The Wellington - located metres from The Gabba – despite launching in an historically slow holiday sales period.

60 apartments have sold at the boutique nine-storey apartment tower located on the corner of Wellington Road and Overend Street on the edge of both East Brisbane and Woolloongabba, with the sales launch taking place in December 2015.

The Wellington’s one-bedroom and two-bedroom apartments are are priced between $354,000 and $615,000 available in a variety of contemporary floor plans.

Urbis associate director Paul Riga told The Courier-Mail that the next six months would see activity spread across all inner-Brisbane areas, and that Woolloongabba is the next place to watch, with “big players” moving in and a range of upcoming projects, according to Riga.

The latest Urbis Brisbane Apartment Insight found inner Brisbane ended the year with a weighted average sale price of $626,853.