Construction has begun at Charlton House, the third residential apartment site in Mirvac’s Ascot Green community, after Tulloch House and Ascot House at the Eagle Farm racecourse.
The project’s kickoff comes after reports suggested Brisbane’s apartment supply has been dwindling due to the strong sales. Charlton House has actually sold out 75 per cent of the apartments within three months following its launch. The sales are estimated to have raked around $70 million.
Warwick Bible, the general manager of Mirvac residential developments in Queensland said that they are fast-tracking the completion of Charlton House to address the demand. Buyers are also showing strong confidence in the Ascot property and the larger Brisbane unit market.
Charlton House has one to four-bedroom apartments and a few three and four-bedroom villas. These villas are a first for Ascot Green.
The building has a rooftop sanctuary private recreation and dining. The ground level has a resort-style pool and gym, overlooking the racecourse.
The construction also marks a milestone in the historical changes at Eagle Farm that will allow more residents to call this location their home for years to come. Charlton House is expected to be ready by mid-2024, creating over 300 construction jobs.
Mirvac has collaborated with Brisbane Racing Club to develop the Ascot Green community, which will also see additional commercial and recreational sites apart from the residential apartments.
