The second stage of the highly successful Summerlin project in Banyo, an established suburb is due to be completed in 2019. • Located approximately 12.5 kilometers north of Brisbane’s CBD • 7.5km from Brisbane’s international and domestic airports. • Easy access to the Gateway Motorway • 8km from Brisbane Entertainment Centre • Walking distance to Nudgee and Banyo train stations Magnolia Residences will have 27 oversized apartments over four levels. The building comprises a mix of two-bedroom, two-bedroom plus study, and three-bedroom apartments. All apartments have at least one car park, and some have two car parks. The two bedroom apartments start at $409,000. Details of Unit 113 are indicative of the apartments. The central focus of the project will be a 4000m2 resident’s recreational area in the centre of the project. This unique ‘Central Park’ area will have a lap pool, indoor gym, resident’s pavilion with kitchen, BBQ areas and expansive grassy area. Key Factors: • Large sized apartments that are generally 20% larger than the competitive set. • Very competitively priced compared to similar presented apartments in nearby suburbs • Ready access to Summerlin’s resident recreation area – 1ha ‘Central Park’ • Apartments are finished to a standard generally expected by owner - residents. • Low body corporate costs • Easy rentability with close proximity to employment opportunities for prospective tenants around Brisbane Airport • Limited future supply opportunites for new apartments in and around Banyo • Likely future resale opportunity to owner residents looking to downsize to a more secure low maintenance home option from a larger house. The area also features a high level of infrastructure including health and educational institutions. Nearby institutions include the Prince Charles Hospital, the Australian Catholic University, Nudgee College and several private and public schools