Fast-tracking new development

Traders in Purple has broken ground on a major new waterfront development in Moreton Bay – starting construction 12 months ahead of schedule.

Tydal Oceania is the second Traders’ Woody Point residential projects and was fast-tracked after the success of stage one - Tydal Sands.

Only a few apartments are still available in both buildings, with the majority of buyers coming from this region and around half local downsizers.

Traders’ peninsula projects have seen Orilla, also on the Woody Point waterfront, finished in July with just one of the 32 ocean-facing apartments to be sold.

Marin on the Scarborough waterfront was sold out before its completion a couple of months earlier in May.

Traders is also bringing forward the launch stage two of Lighthouse, on Newport Lake, with construction starting this month, five months ahead of schedule.

CEO Brett Robinson said the strong off-the-plan sales were driven by trust in the property group and its record of 100 per cent completions.

“That high level of confidence is the key to the strong off the plan sales we have experienced,” Mr Robinson said.

“We brought forward the launch of Tydal Oceana to satisfy buyer demand after Tydal Sands sold quicker than anticipated.

“That has allowed us to accelerate the construction schedule.”

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While locals were the biggest group of buyers, Brisbane inner and outer suburb residents were increasingly looking to Moreton Bay for value and proximity to the water.

“There’s only a few metres between Tydal and the water’s edge, something that is rare to find in more developed coastal regions,” said Mr Robinson.

“The apartments are generous inside and out. Each building has its own sub-tropical pool and al fresco dining area and lawn.”

At the time of writing, two penthouses, two courtyard apartments, and a two-and-three-bedroom apartment are all that remain for sale from 175 apartments in both buildings.

Apartments are priced from $1.055 million and penthouses with three bedrooms and two living rooms from $2.95 million.