Clever Apartment Design Results In Quick Rentals
- Tessa Group
- Sep 8, 2016
- 2 min read
Brisbane, Qld. Tessa Developments have announced the rental results of their “G35” development at 35 Gallway St, Windsor with insights into the Gen Y rental trends. 25 apartments have been rented since completion in May 2016 in the new Windsor building, just 3.5km from Brisbane’s CBD.
Rents of up to $480 per week were achieved for the two-bedroom apartments, with city views and the largest floor plans attracting the quickest applicants. The most popular demographic of tenants is between 25-30 years, in line with the Gen Y shift into Windsor along with medical professionals from the nearby Royal Brisbane Women’s Hospital.
“In a competitive rental market, we have seen tenants drawn to this building for the larger living spaces & the large usable balconies”, Brendan Tutt Managing Director of Tessa Group said.
Each G35 apartment includes a balcony or courtyard from 14m2 to 34m2, which has attracted tenants seeking to take advantage of Brisbane’s year-round liveable weather & the option to keep a treasured pet inner-city. 50% of tenants have applied for pet approval, either owning or seeking to own a pet in the future. “Tenants have regularly remarked on the living areas & being able to fit a large lounge & dining table in their apartment was a large positive, especially when moving from a house”, said Mr Tutt.
With Brisbane dubbed the “new world city”, further residential development is guaranteed and the insight from potential renters is golden. Abundant choice is allowing renters to seek out quality in their new home with lifestyle benefits such as pet-allowance whilst living inner city. Larger, liveable floor plans with outdoor spaces have received a big tick from Gen Y.
Tessa Developments is an integrated privately-owned residential property development company based in Brisbane, Queensland. Their vision is to construct award winning developments through careful selection & investment in high quality locations, leading architectural design & quality build to product luxury residential products that perform across all aspects.
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