High flyers: 2019 set to be the year of the Brisbane skyhome

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoThe kitchen in the apartment at 5/2 Scott St, Kangaroo Point.He said the buyers were not downsizing as the property was bigger than the house they had previously lived in, but they were looking for convenience, security and privacy.“People are consistently making the decision to get out of big homes that require a lot of maintenance,” Mr Caulfield said.“I had one couple looking in Walan whose house had been broken into twice in six months. They were sick and tired of having a big, beautiful home that was a target for thieves and that’s what’s motivated them to look at a big apartment eight levels off the ground.“With improved convenience, security and privacy, better views and more obtainable luxury inventory, is luxury apartment living becoming the new Australian dream?” This apartment at 5/81 Moray St, New Farm, sold for $6.5m in 2018.Knight Frank Australia head of residential research Michelle Ciesielski said Brisbane’s premium market was benefiting from the growing demand from downsizers looking for easy-to-maintain homes.“Demand for truly exceptional properties in sought-after positions have outweighed the supply coming to the Brisbane market, including new builds,” she said. – ELIZABETH TILLEY This apartment at 5/2 Scott St, Kangaroo Point, has sold for $4.5m.Selling agent Simon Caulfield of Place Estate Agents Kangaroo Point said his team had settled more than $135 million worth of apartments in Brisbane last year and he expects 2019 to be even bigger.It comes as the city’s booming infrastructure pipeline is luring buyers to the CBD fringe, with real estate agents describing new developments such as the Howard Smith Wharves precinct and Queen’s Wharf as “game changers” for the inner city housing market.Mr Caulfield, who negotiated the $4.5 million sale of 5/2 Scott Street, in the Walan development, said the whole-floor apartment sold for 10 per cent more than it was purchased for two years ago. The luxury residential building, Walan, in Kangaroo Point, is proving popular with buyers.Mr Caulfield also negotiated the sale of an apartment in the luxurious Abian residential tower in Brisbane’s CBD late last year for $4.5 million — a record price for a resale in the building.A wealthy Chinese family snapped up the four-bedroom, three-bathroom unit at 3501/140 Alice Street. Courtney and Simon Caulfield recently bought an apartment in Kangaroo Point. Image: AAP/Josh Woning.SAVVY buyers are splashing cash on high end Brisbane apartments, swapping the big house and white picket fence for a sanctuary in the sky.An apartment in a luxurious Kangaroo Point residential building Walan (pictured) has just sold for an eye-watering $4.5 million to a couple ditching their Greenslopes house on a 405 sqm block.last_img read more