This property is ready to move into now! Please note this is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
UPDATE JUNE 2018: Construction is now complete. Apartments still available from $364,000.
The Link is a new building that consists of 83 apartments over 8 levels. It is located at 47 Nundah Street Nundah, which is just outside of Nundah Village. This means that it is walking distance from shops, cafes, a gym and Woolworths. This one of Brisbane’s latest urban renewal precincts which is driving a lot of new apartment development in the area.
Apartments that are on the rear side of the building (away from Nundah Street) will get a nice outlook over Oxenham Park, particularly on the higher levels. Further, there is a rooftop deck that will have a great outlook over the park, Nundah Village and suburban Nundah.
Overall, this apartment project is a definite step above some of the investment grade product that surrounds it. However, it is by no means super-high end, which makes a lot of sense when you consider that the most expensive apartment in the building is $499,000.
Apartment sizes vary from some very small one bedroom apartments through to a wide selection of very good sized one and two bedders, so there is a good selection to choose from to suit your budget. We would recommend stretching your budget and getting a larger apartment if you are an investor as whilst the figures may not as attractive on paper, you will find it easier to rent and should get greater capital gain as your apartment will appeal to a wider selection of investors and owner occupiers.
There are a total of 83 apartments in this project. There are 15 one bedroom apartments. These are priced from $364,000 to $395,000 and are between 51m² and 52m² internally with balconies ranging from 8m² to 18m². These are small one bedroom apartments and at under 60m² in total you may have issues getting finance, so this will be something to look into before you buy. The entry level price is however attractive.
There are a further 22 one bedroom units that have a separate study or multipurpose room and these are significantly larger. These units are priced from $425,000 to $455,000 and are 68m² with 12m² balconies which is a very good size for one bedroom apartments in the Brisbane market at the moment.
There are three two bedroom apartments that have a single bathroom. These are priced from $443,000 to $450,000 and are all between 72m² and 76m² internally with balconies ranging from 6m² to 12m².
There are 40 two bedroom, two bathroom apartments at The Link. These range from 79m² to 96m² internally with balconies that range from 7m² to 20m². They are priced from $468,000.
There are also 2 two bedroom, two bathroom apartments that have a separate study. These are the largest apartments in the complex at 97m² which is again a very good size for a 2 bedroom apartment. They have 22m² decks and are priced from $495,000 to $499,000.
As we mentioned above some of the apartments internal space is smaller than the competition in Nundah at the moment. The compromise with The Link is that the overall finish is at a higher standard than these comparable apartments, so it is a bit of a trade off between size and finish.
Some of the balconies could be considered quite small and unusable for entertaining, particularly those that are below 10m². However, these balconies will not have air conditioning units on them like some other apartment projects in the area do, which will ensure you can maximise use of the space you do have which is welcome.
On the ground floor of The Link, there are three retail tenancies. These added tenancies increase pedestrian traffic around the building, really enhancing the ‘village’ feel that has already been established in other nearby developments.
The rooftop deck at The Link will be an entertainment space with a BBQ. This will have great panoramic views of Oxenham Park and suburban Nundah. Unlike many podiums which are extremely popular in Brisbane at the moment there won’t be a pool on the roof – it will be missed by some but will result in lower body corporate fees.
Each apartment in this project comes with a single car park. There are 15 car parks for visitors. As Nundah’s population increases with a number of new apartment projects increasing general population density in the area, street parking may be a bit of an issue around this building. Although Nundah is not the busiest suburb in Brisbane, the streets around this particular property are quite busy.
You will also be bordering the Nundah train line so you will need to expect train noise, particularly if you are on the train facing side of the building. This is common to almost all new projects in Nundah which are all generally centred around the train station.
The Link is located at 47 Nundah Street in Nundah. Nundah Street is a block away from Sandgate Road which is a major arterial running into the CBD. It also connects to Station Street which is the location of Nundah Train Station and the edge of Nundah Village.
The immediate area surrounding this project is made up of a mix of residential homes, mid-rise apartment buildings and light industrial space. Apartments on the street-side of the building overlook houses. The apartments on the rear side of the building overlook Oxenham Park and the trainline.
Residents in this project could walk to Nundah Village and Nundah Train Station in less than five minutes. The Ipswich, Cleveland, Shorncliffe and Cleveland Lines run from this station. A trip into Central Station from Nundah Station takes 16 minutes and trains leave every 9 minutes, so it is a very easy and convenient commute to work. The closest bus stop is on Sandgate Road. This is a 4 minute walk from The Link. Several services run through this stop, heading towards the city and Garden City. A trip to the city takes just 35 minutes thanks to the Northern Busway.
The Nundah Village precinct is at the tail end of a massive urban renewal that has brought retail, dining, entertainment and services to the area. Some of the major draw cards of the new Nundah Village is Queensland’s largest Go Health Club, Primal Pantry, King of Cakes and the newly redeveloped pub The Royal (formerly The Royal English Hotel).
Part of Nundah Village is a pre-established village hub that has a range of stores and services surrounding the Circa Nundah Village Precinct. There is a Woolworths, Farmer’s Market, Australia Post and several boutique stores and cafes. This is a small hub that really has a good community feel to it which is enhanced by the restricted traffic conditions in the area. All of this is within walking distance of The Link Apartments.
The Toombul Shopping Centre is the closest major shopping centre, and whilst not up to the standard of Westfield Chermside and Westfield Carindale, it has 110 speciality stores and a Coles, Kmart, Target and Aldi.
There are several schools in the local area. Just 1.5km from this project, there are three schools – St Joseph’s Primary School Nundah, Nundah Primary and Mary Mackillop College. Also, given that ease of access to train travel, schools in the city and near train stations are an easy option. These would include secondary private schools in the city such as Brisbane Grammar School, Gregory Terrace, All Hallows and others.
At the 2011 Census, the population of Nundah was 10,392 people. This figure had increased by 25% since the previous Census in 2006. This is quite substantial population growth that is consistent with inner city urban renewal regions. Couples with no children are the predominant housing type in Nundah, making up 26.7% of all households. However, a further 26% of households in the area are couples with children. The median unit price in Nundah is $415,000, a figure that has increased by 4% over the past 12 months. The suburbs median rent for an apartment is $390 per week. Neighbouring suburbs include Northgate, Hendra, Lutwyche and Wavell Heights.
These apartments come with a solid level of finishes. They would definitely be considered higher quality than some of the investor grade apartment buildings in the immediate area, but they are by no means super-high end (which makes sense given their price).
The apartments have ducted air conditioning throughout, which is great and is a major point of differentiation. Further, there will be no air conditioning units on the decks. This makes the outdoor areas much more usable which is especially important for the apartments with smaller balconies.
The kitchen and living areas are all open plan and tiled. The kitchens are fitted out like many new apartment projects in Brisbane today, with stone bench tops and stainless steel European appliances. The benchtops will be 20mm think with waterfall edges which is always a nice feature. The apartments will have gas cooktops. One stand-out feature of the kitchens is the mirrored splashback which is less common than a tiled splashback – and which we think looks better.
The expected rental return on a one bedroom apartment at The Link is $360 to $380 per week, whilst the body corporate fee is approximately $3,016 per year which is about average. For one bedroom apartments that have a study, the body corporate rates are similar, but the expected rental return is $370 to $390 per week.
Two bedroom, one bathroom units are expected to return between $400 and $430 per week in rent. The approximate body corporate rate on these units is $3,120. For two bedroom, two bathroom units, the body corporate rates will be similar, but expected rental return is from $490 to $530 per week.
The Link was built and developed by Emandar Group. This is a relatively well-established company that was formed in 2007. Despite being less than ten years old at the time of writing, this company has an impressive track record of past projects, which is important for peace of mind when purchasing off the plan. The majority of their projects have been at the Gold Coast or in Brisbane’s outer suburbs.