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The watermarque luxury apartment1/8/2023 ![]() While mixed signals are being sent about the state of the Queensland property market, there are some bright lights emerging from the shadows.The first home buyer market and the new product market seem to be the two sectors struggling to get traction under the weight of economic uncertainty and no doubt the forthcoming federal election.History tells us things go quiet prior to elections and my mail over the last fortnight from industry leaders is that stronger sales tracks experienced in the first few months of the year are slowing.Here are some exceptions:Brisbane’s ‘new product’ success story of 2013 – Australand’s luxury riverfront villas within its $500 million Hamilton Reach project on the banks of the Brisbane River.Only two luxury riverfront villas remain following a whirlwind of sales following its launch to market in April.The Keelson River Villas is the latest release at Hamilton Reach where Australand has already chalked up more than $85 million in sales with its Watermarque, Watermarque on the Park and The Green Quarter apartment and terrace home releases.Buyers have snapped up 10 of The Keelson River Villas within three weeks.
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