A PENTHOUSE spanning greater than 1000 sqm on one stage has hit the market in Brisbane, with $20m worth hopes, after a string of sky dwelling gross sales throughout town to this point this 12 months.
Retired Brisbane firm director Howard Stack and spouse Hilary are spending extra time on the Gold Coast, so they’re promoting their riverfront Newstead condo that they purchased in 2008 for a document on the time of $14.25m.
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The four-bedroom and five-bathroom penthouse at 250/1 Newstead Tce, Newstead, features a sauna, swimming pool and wine cellar.
It’s being marketed by Ray White’s Matt Lancashire and Place New Farm’s Sarah Hackett, with expressions of curiosity closing on Might 30.
Based on Place Property Brokers, penthouse gross sales in Brisbane have jumped 350 per cent since 2017.
This 12 months alone, 4 penthouse offers in extra of $10m have been inked to this point.
The best worth paid for an condo in Brisbane was achieved in March, when the penthouse in ‘Argyle’ by Tom Dooley Developments settled for $16.52m.
The 2 storey, 700 sqm sky dwelling at 49 Maxwell Avenue, New Farm, offered to a neighborhood businessman for the eye-watering worth.
In February, Domino’s Pizza boss Don Meij was revealed as the customer of the penthouse in Cavcorp’s ‘Luminare’ undertaking in Newstead for $12.95m or $24,000 per sq. metre.
In January, a neighborhood couple paid $15.75m for the penthouse off-the-plan in Spyre Group’s boutique Moray Home undertaking in Moray St, New Farm.
The penthouse spans 800 sqm throughout two ranges, and can function its very personal sky storage. The sale equates to just about $20,000 per sqm.
Spyre additionally lately offered the penthouse in its Arc Residences growth in Toowong for $13.65m.
TOP APARTMENT SALES IN BRISBANE
**‘The Argyle’ penthouse, 49 Maxwell St, New Farm, $16.52m
**‘Moray Home’ penthouse, 6/65 Moray St, New Farm, $15.75m
**‘Pier’ penthouse, 250/1 Newstead Tce, Newstead, $14.25m (now available on the market once more)
**‘Arc Residences’ penthouse, 570 Coronation Dr, Toowong, $13.65m
**‘Luminare’ penthouse, Pageant Plc, Newstead, $12.95m
**‘One 5 Six Oxlade’ penthouse, 156 Oxlade Dr, New Farm, $11.3m
**‘Pier’, 350/1 Newstead Tce, Newstead, $7.35m
**1101/18 Park Ave, East Brisbane, $7.3m