About Silverstone

Silverstone Developments is a privately owned Brisbane based boutique development company.

15 Aug 2014

Silverstone Developments rushes to support Queensland arts

Silverstone Developments has cemented its position as a major supporter of arts in Queensland, donating almost $80,000 to Artslink Queensland, a not-for-profit organisation that delivers a variety of programs and services that connect Queenslanders with vibrant, creative and collaborative arts and culture activity.

Silverstone's relationship with Artslink Queensland began a few years ago, when the Brisbane-based privately-owned property developer purchased the non-profit’s previous headquarters as a development site. Silverstone then worked with Artslink Queensland to help find a suitable new headquarters for the vital arts organisation; a search that resulted in Artslink Queensland and Silverstone living side-by-side in Silverstone's flagship commercial development at 24 Macquarie Street in Brisbane's arts hub, Teneriffe. 

Silverstone Developments' Managing Director Troy Daffy said the relationship was an important part of Silverstone’s community partnerships program.

"We see real value in what Artslink Queensland do in terms of bringing the arts to regional Queensland" said Mr Daffy. Here in Brisbane we are extremely fortunate to have access to amazing artists and cultural activity, particularly in the cultural hubs of New Farm, Teneriffe and South Brisbane, and while life in regional Queensland offers a variety of amazing experiences, one area where it can miss out is access to the arts. 

"We believe Artslink Queensland’s cultural programs and services in regional Queensland are absolutely vital in supporting regional economic growth, civic engagement, social equity and cultural vitality for Queensland communities."

Artslink Queensland CEO and Artistic Director, Arthur Frame AM, said Silverstone Development’s philanthropic gift enabled the arts organisation to focus on what it does best.

"Silverstone Developments have generously donated almost $80,000 to Artslink Queensland to offset the costs of running our Mr Rush Espresso Bar, here in Teneriffe.  This financial support allows us to direct our funds and energies to supporting artists and arts programs throughout Queensland."

Mr. Rush Espresso Bar is a social enterprise venture, with all profits supporting Artslink Queensland’s programs and service in regional Queensland. Every dollar it earns helps the not-for-profit deliver arts experiences to schools and communities throughout Queensland, while at the same time supporting artists and actors.  The Mr. Rush business also acts as an arts hub, where organisations feel comfortable to hold casual meetings and host events such as workshops and performances.

Fast facts:
  • Artslink Queensland’s previous headquarters at Dutton Park has been re-developed as a stylish residential development, Vertice Apartments.  Construction on Vertice is now complete and all apartments have been sold. 
  • The Mr Rush Espresso Bar is named after Artslink Queensland Associate Artist and Academy Award-winning Australian actor, Geoffrey Rush AC.  

17 Mar 2014

Repeat buyers help drive Silverstone's 100% pre-launch pre-sales

17 March 2014

Silverstone Developments has cemented its reputation as one of Brisbane's most reliable developers, with contracts taken on all 15 apartments in their new Lucca apartment complex on Brunswick Street in New Farm before the development's public launch.

"We are yet to even launch Lucca to the public, but all 15 apartments are already spoken for," said Silverstone Developments' Managing Director, Troy Daffy.

"It is a great sign that buyers are taking notice that when we say we are going to deliver a quality product in a certain timeframe, we meet that commitment," said Mr Daffy. "In fact, two of our buyers in Lucca are repeat Silverstone clients; one previously purchased an apartment in Vivid Kangaroo Point, and the other in Vertice, Dutton Park. Another of our repeat clients bought in Vivid New Farm, Vivid Kangaroo Point and Siena Milton.

"Obviously the improvement in the Brisbane market, New Farm's reputation as a desirable investment and owner-occupier location, and the hunger from interstate property investors for Brisbane stock have all contributed, but we do believe that our reputation for real development outcomes comes in to play as well. Buyers are also drawn to the combination of a luxury apartment and an affordable price tag."

Mr Daffy said his team were looking forward to bringing new stock to market over the coming months.

"With our other residential developments - Sanctuary on Oxford at Bulimba, Siena at Milton and Vertice at Dutton Park - all sold out, we were looking forward to bringing some new stock to the Brisbane market, but with Lucca we didn't even get to have a public launch!

"Fortunately we have another three of four developments we are working very hard to bring to market this year, and we look forward to unveiling these over the coming months."

Lucca will be located at 676 Brunswick Street in Brisbane's iconic New Farm, offering some of Brisbane's best restaurants, cafes and retail shops, and a major supermarket just 400m away. The building is complemented by two retail tenancies on the ground floor.

Construction on Lucca commenced in February and is anticipated to take less than 12 months to complete.

About Lucca
The apartments have been architecturally designed with Silverstone Developments' benchmark finishes. An open plan, architectural design creates a dynamic and flowing living space while preserving privacy of the bedroom area. In addition to the open plan design the elevated corner positioning provides for captivating views.

12 Nov 2013

Silverstone Developments secures two Brunswick Street sites

Silverstone Developments has secured two sites on New Farm's iconic Brunswick Street.

Jim Watson, Silverstone's General Manager, said they purchased the two prominent outgoing corner sites at 676 Brunswick Street and 598 Brunswick Street with the intention to develop two mixed use apartment buildings in 2014.

"We have had our eye on these sites for a while now and are pleased to have secured them. We think New Farm is a fantastic area and we are not alone - over the coming years to 2031 the population within New Farm is projected to grow by approximately 1400 additional new residents, according to Resolution Research.

"We will be offering 41 apartments over 4 levels at 598 Brunswick Street and just 15 apartments at 676 Brunswick Street.

Silverstone aren't newcomers to the area, having completed two successful developments in the area over the past 12 months."

"We completed a boutique apartment complex, Vivid, New Farm, last year and finished and relocated to the redevelopment of a contemporary new office space at 1/24 Macquarie Street in July this year.

"Vivid, New Farm was a real success for us; the apartments were snapped up before the development even publicly launched, and we know the demand exists for more quality apartments in this area. In fact, we have already received a lot of interest in the new developments based purely on the New Farm locations and our track record with Vivid.

"We find what has attracted people to our developments is that we price for the investor but offer owner-occupier quality and size."

Silverstone Developments is an emerging boutique, privately owned Brisbane residential and commercial property development company with a reputation for real development outcomes and consistent delivery.

About New Farm

Information courtesy of Resolution Research

Based on average annual absorbency rates, New Farm's apartment market is currently undersupplied. There is an estimated demand for an additional 200 new apartments within the suburb, with plans for the delivery of only 152. The net effect of this undersupply will likely to continue to underpin price growth across the apartment market as demand outstrips supply.

Furthermore, land supply is highly constrained within the suburb with little to no opportunities for future development of any significant scale. Over the coming years we predict that price growth throughout the suburb will gain strong momentum as the supply demand imbalance becomes further exacerbated.

Rental growth throughout the suburb has been particularly strong in the context of the broader inner city markets. With median weekly rental growth across the one, two and three bedroom apartment markets all averaging between 7.5% and 9.5% per annum over the past five years. These particularly high rates of growth are indicative of a market where there is a high level of sustained demand for rental properties within the area.