Newground Property’s Latest Development Oversubscribed and New iPhone App Due for Release Next Quarter

By Paige Hasaballah

Specialist property development consultancy, Newground Property have secured well over the number of necessary pre-sales for their development ‘Lush Apartments’ in the inner Brisbane suburb of Lutwyche and construction is now underway.

A second site just 6km from Brisbane CBD has recently been secured with an existing DA approval for 31 units.

A local fund comprising of HNW investors have committed to funding the project along with a major bank on the strength of the project and Newground’s track record.

A pre-sales campaign is due to launch in late April, with construction due to commence in July.

The firm is also currently undergoing due diligence on several other inner city sites. Interested capital partners and investors looking for de-risked residential development projects in Brisbane are encouraged to register their interest by contacting Director Daniel Erez.

Newground Property will be releasing a first of its kind iPhone application in the June quarter.

The app is currently under development and expected to greatly improve the engagement levels of the firm’s sales partners across the country whilst also increasing sales volumes of its client’s projects.

Director of Newground Property Daniel Erez said the concept had received a ‘strong level of enthusiasm & support’ from both its sales partners and clients.