Honeycombes set to bring luxury city living and design lushness to leafy Ferny Grove in Brisbane’s northwest

A new boutiqueapartment project inspired by its subtropical suburban surrounds is set tobring luxury and contemporary city living to Ferny Grove in Brisbane’s leafynorthwest.

As part of its much-anticipated $140 million mixed-use Ferny Grove Central development, Honeycombes Property Group with their partner MaxCap Group, have launched The Fernery — a collection of 82 modern residences over five levels that perfectly blend lifestyle and convenience.

The Queenslanddeveloper’s master planned project will establish a vibrant, design-ledsuburban transport-oriented centrepiece for the area combining residential,retail and entertainment amenities.

Creating aneighbourhood village atmosphere, the development will breathe new life intothe precinct in and around the suburb’s end-of-the-line railway station.

The $140 million Transit Orientated Development(TOD) adjoining the Ferny Grove Station, will include Ferny Grove Central, a12,000sqm shopping, entertainment and retail precinct featuring Woolworths, DanMurphy’s and Cinebar together with retail parking, a recreational deck, andimproved pedestrian and cyclist connections through the site.  

Award-winningarchitectural firm Bureau Proberts has drawn from the area’s natural elementsand spectacular position at the gateway to Brisbane’s mountains in itsdesign-led approach to the development’s luxury residential component.

The Fernery willcomprise a stunning selection of purposefully curated and spacious residences —including one, two and three-bedroom offerings.

A landscapedopen foyer as well as vertical garden beds add lushness and a seamless connectionto Ferny Grove’s leafy aesthetic and appeal.

Each of theresidences are designed to enhance cross ventilation, feature generous internaland external spaces and a list of finishes akin to more expensive luxury innercity apartments, including timber floors, stone benchtops and luxury bathrooms.

Residents ofThe Fernery also will have access to a rooftop lap pool, dining andentertaining areas featuring stunning mountain views all conveniently locatedadjacent to Ferny Grove Central.

Colliers Internationalresidential director Andrew Scriven said already there had been unprecedentedinterest in the residences with a dozen of the apartments under contract tolocal owner-occupier buyers eager to the unique lifestyle opportunity.

“With limited supplyof stock in the market and a low vacancy rate, the market is experiencingsignificant demand and price growth,” Mr Scriven said.

“As a result, buyingoff-the-plan has become an increasingly attractive proposition, enablingpurchasers to lock in the price at today’s value.”

According to thelatest Colliers International/REA research, listings on the northside ofBrisbane are at their lowest level in two years and enquiry levels per listinghave soared by three-fold over the same period.

Last month,only 18 properties were listed for sale in Ferny Grove with interest from potentialbuyers — both owner-occupiers and investors — more than double pre-COVID-19levels.

CoreLogic’sproperty records indicate prices in Ferny Grove have increased over 4% to$628,700 over the past 12 months.

Propertylistings show the cheapest house for sale in the area has a price tag of$675,000 suggesting that prices are still on the way up. The Reserve Bank andmajor financial institutions are forecasting that Brisbane property prices willskyrocket by 16-30 per cent within the next two years.

Prices at theFernery start from $352,500 for a 1-bedroom, $480,000 for a 2-bedroom and $620,000for a 3-bedroom apartment.

HoneycombesProperty Group has brought on board MaxCap as its joint venture capital partnerfor the Ferny Grove Central development and has refined the project throughextensive community consultation to cater to the needs of local residents andbusinesses.

It is thelatest in a long list of creative and innovative projects — including therecent award-winning $252 million redevelopment of Coorparoo Square inBrisbane’s east — by Honeycombes, which has a development portfolio of currentand completed projects totalling more than $2 billion over the past 25 years.

To registeryour interest, visit theferneryresidences.com.au or call Colliers on 1800 786619.