$45mil project, 45 out of 53 jaw-dropping homes sold!

 $45mil project, 45 out of 53 jaw-dropping homes sold!

Tribeca Terrace Homes is a jaw-dropping development project consisting of 53 deluxe townhouses in Bulimba, Brisbane. 

Buyers are going bonkers for these stunning residences – out of all the houses, there are only eight houses left. 

Behind this massive project is the prominent Di Carlo Property Group, a third-generation developing company that has been developing in the area for the past 40 years. 

Sam Patterson, Bulimba’s top-selling agent and the Director of Duke Realty, reveals that the value of the entire development project is approximately $45 million, individual house prices starting from $850 000 and going up to $1.2 million. 

The majority of the houses were sold off the plan, in two different stages this year. Three of the houses have been sold within the last three weeks and another two put under contract. 

At this stage, the majority of the houses have been sold to owner-occupiers, and also local buyers, which is really exceptional, especially with the current property market. 

A really unique aspect of the Tribeca project is that all the houses are not just copies of each other – this is purely one big project where individuality is addressed with careful consideration.

Many developers are using just one or two generic designs. The developer of this project, instead, has eight different designs.

Mr Patterson

This provides floorplan layout to suit a variety of different people, in different stages of their lives. 

We sell to downsizers, young professionals, families, people with young kids and people with older kids. 

Mr Patterson

The location is ideal as well, it is close to the river, all the amenities, and you also have another massive development project, the Brisbane army barracks, nearby. 

Even though the current economic situation has put a dent in the real estate market, Mr Patterson believes this has also had a positive effect on selling and buying a property in the ‘quality vs. quantity’ point of view. 

The inspections are now done by serious buyers, who are a lot more qualified.

Mr Patterson

The developer

Di Carlo Property Group has been building and developing quality properties throughout South East Queensland for three generations. The company has a trusted reputation founded on quality and sophistication in design, premium quality construction and finishing, ethical business principles, and a peerless eye for desirable locations. 


Multi-award winning TVS Architects has established itself within Queensland as a leader in the field of Environmental Architecture and Interiors. With knowledge and experience of Environmentally Sustainable Design (ESD) for more than 20 years, TVS has been building environmentally responsible buildings since before the term became part of mainstream culture.

Interior designer

A boutique Brisbane based interior design studio, Leigh Way Designs works closely with clients to create residential and professional environments reflective of their true tastes and desires. From the early planning stages of a design, flowing into construction and finally through to the finishing touches of colour, clients can experience the benefits of considered and detailed personal attention to all aspects of their project.


Pattersons Tip to agents

Mr Patterson advises anyone selling a property to really put effort towards high-standard and unique marketing.

You have to stand out from the crowd. If you can sell a lifestyle within the home, then you’ll definitely get the result you’re looking for.

Mr Patterson

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