Spyre Newsletter July 2024
Welcome to our July Edition of Spyre’s monthly update, where we share our latest Market Insights, Construction Updates and Project Releases for the month.
Throughout July, the Brisbane market continued to display dynamic growth amongst the apartment sector, with unit value growth surpassing that of the housing market for another consecutive month.
A continued influx of new residents and abundance of ongoing infrastructure developments are key factors expected to bolster property values by 10% by the end of this calendar year.
Looking ahead, the Brisbane apartment market particularly in the luxury space, is forecasted to continue its upward trajectory. Simon and Courtney Caulfied of Place Kangaroo Point recorded a staggering 14 property sales that transacted for over $4 million in the month of July alone, from non-riverfront apartments in Toowong at $4 million through to $9 million apartments in Brisbane’s City centre, cementing the notion that activity in the top end of the market shows no signs of a winter slowdown.
In Melbourne, July experienced a stabilisation of the market with apartment prices gaining momentum and the return of an optimistic sentiment to market activity. High quality developments experienced an increased amount of enquiry over the last 4 weeks which has resulted in a moderate increase in property values.
Spyre continue to see genuine activity in the luxury apartment space across both Queensland and Victoria. This level of market activity speaks to the continued undersupply of A Grade properties in A Grade locations. With limited opportunities remaining in our current Brisbane developments and to register your interest in new opportunities, click here.
At Spyre, we pride ourselves on creating spaces of enduring quality. Strong relationships with invested project partners result in far more than just a development, it creates a sense of shared ownership. We see every project as an opportunity to create something extraordinary.
The Spyre Experience shines a spotlight on our various project partners, giving credit to the collaborators who work tirelessly in taking Spyre’s projects to the next level. At Spyre, we pride ourselves on creating spaces of enduring quality. Strong relationships with invested project partners result in far more than just a development, it creates a sense of shared ownership. We see every project as an opportunity to create something extraordinary.
The Spyre Experience shines a spotlight on our various project partners, giving credit to the collaborators who work tirelessly in taking Spyre’s projects to the next level.
Spyre is extremely proud to partner with Porcelanosa alongside Earp Bros to supply the finest selection of floor tiles to Glasshouse, Burleigh Heads.
As the leading company in the ceramic wall and floor tile sector, Porcelanosa is regarded for its immaculate reputation thanks to its ongoing efforts and developments in research and quality. Specialising in the production of porous single-fired wall and floor tiles, the Porcelanosa product is globally characterised by their innovative designs and unbeatable quality.
Porcelanosa are also well regarded for their ecological commitment, well ahead of market trends in this area, for more than 30 years the group have been implementing improvements to its production systems aimed at minimising their impact on the environment.
Enjoy a sneak peak of these incredible floor tiles installed here - in the most immaculate setting on the coastline – we cannot wait to share more of this incredible outcome. The true epitome of absolute mastery, above all else.
At the end of July the Spyre Team attended the Urban Developer Awards for industry Excellence. We were extremely proud to have Cala Dei and Moray House announced as finalists in their respective categories of Development of the Year and Marketing Innovation.
Congratulations to all of the finalists and winners on the night and to The Urban Developer for hosting such a wonderful evening. We would also like to take this opportunity to extend a huge thank you to our talented team of partners, suppliers and consultants who have worked tirelessly on these projects.
It is such a privilege to be recognised alongside some of Australia’s best projects and developers.
Spyre is thrilled to announce a new riverfront address in the highly sought-after suburb in Brisbane's East. Continuing our dedication to prestigious locations across Australia, this unparalleled opportunity promises a lifestyle of luxury and exclusivity.
Nestled in a prime, unrepeatable location, this development is set to redefine riverfront living. Don't miss your chance to be part of this exceptional community.
For exclusive pre-release updates and to register your interest, click HERE.
Apartments & Developments
22 July 2024
With the mission to leave an indelible mark on boutique property development throughout Queensland’s south east, Spyre Group’s Arc Residences offers an unrivalled expression of riverfront living, where craftsmanship and innovation culminate, resulting in an architectural response that is completely formed and founded by Brisbane living.
The team at Spyre work to create projects that challenge the traditional limitations of multi-residential structure, and resonate with their subtropical surrounds – and as their fourth project to commence construction in the river city, Arc presents a landmark at the apex of Toowong’s riverfront, a proud future icon of Brisbane architecture.
With a company tagline that reads “absolute mastery, above all else” Spyre have long established themselves as a small yet dynamic team with an insatiable hunger to be constantly honing their craft, and pushing into the unknown – a notion easily reflected in their trajectory of projects over the last 15 years.
Read the full article here.
Apartments & Developments
25 June 2024
Melbourne’s real estate landscape is continuously evolving with new developments catering to the diverse needs and lifestyles of its residents. Off The Plan townhouse and apartment projects contribute to this evolution, providing exceptional living spaces that redefine what it means to live well in the Victorian capital.
In this feature, we spotlight Hampton Ltd in the Bayside. A project transforming Melbourne OTP living by providing remarkable homes and contributing to the vibrancy of its neighbourhood.
Read the full article here.
HAMPTON LTD
During July, AbeWolf continue to close out the structure of the substation. The door manufacturer has been onsite to complete a site measure of the doors with install expected to occur in August. The design consultants continue to coordinate the design in readiness to serve a Protection Works Notice to the neighbours.
GLASSHOUSE
Groupline have made great progress at Glasshouse over the last month with interior fit outs on lower levels really starting to take shape. The scaffold has started to come down and we expect the crane to be dismantled before the end of next month.
MORAY HOUSE
During July basement works continue onsite at Moray House with the water proofing of the lift overrun commencing. The bespoke custom glazing across the project has been ordered and is to be manufactured offsite. The team have begun setting up the site to start coming out of the basement with the building structure due to begin taking shape over the next month.
ARC RESIDENCES
GRAYA have made signification progress onsite at Arc throughout July with the upper piling platform and guide walls completed. Pile trimming is now in progress in preparation for the capping beam with the first excavation drop due to commence in the coming weeks.
