Penthouse Sale Caps Off $10m Sales Spree In Robina

Market Insights
8 years ago
3 minutes

The final luxury penthouse at Brookfield Residential Properties' Portside Wharf development has fetched over $2 million, capping off a sales spree that saw more than $10 million worth of apartments snapped up in recent months.

Pinnacle's five penthouses have all now sold, totalling more than $10.7 million, with the luxury residences selling for between $1.7 million and $2.5 million.

Other recent sales include two River Terraces worth a combined $1.5 million and eight, two bedroom apartments.

Brookfield Residential Properties' General Manger Lee Butterworth said the lure of  riverfront living was driving sales at Portside Wharf.

"Buyers have been predominately locals wanting to secure a riverside address, but we have seen an increase in buyers from southern states that are looking to take advantage of Brisbane's affordable prices," he said.

"This city poses an appealing opportunity as price, location and rental yields combine to offer some of the best living and investment opportunities in Australia.

"Portside Wharf has already welcomed a number of interstate first home buyers, owner occupiers and investors and we expect we'll see a lot of interest from this market throughout 2016."

Mr Butterworth said with the penthouses now sold out, buyers at the top end of the market would likely turn their attention to Pinnacle's two remaining River Terraces.

"The River Terraces offer a unique living experience for buyers looking for a luxury waterfront lifestyle," he said.

"These two-storey homes are designed to maximise connectivity with the river and wharf, while their clever layout and elevated position ensures liveability and privacy. 

"The outdoor terraces offer up to 76sqm of al fresco living with uninterrupted views over the Brisbane River.

"With dual-level living, huge outdoor spaces and direct access to a dynamic retail precinct, the River Terraces are an easy progression from a stand-alone house."

Sales in Pinnacle have reached $119 million with remaining apartments priced from $650,000 for two bedrooms, two bathrooms and secure car parking.

Pinnacle residents have exclusive access to the building's rooftop infinity pool, barbeque, entertainment area and gymnasium, providing a haven above the lively retail precinct with spectacular views across the city to the northern suburbs.

Apartments in Pinnacle boast superior features and fittings with European appliances, integrated dishwasher and microwave, ducted air-conditioning, high ceilings, high quality wool carpets, floor to ceiling windows, ample storage, and on-site security and manager.

Mr Butterworth said Portside Wharf was ideally located in the blue chip suburb of Hamilton, and Pinnacle boasted a prime, absolute riverfront position within the precinct.

"Northshore Hamilton is the city's largest urban renewal project and Portside Wharf is the most sought-after address within this development," he said.

"With unrivalled access to waterfront dining, shopping, conveniences and entertainment, Portside Wharf is the epicentre of Brisbane's inner north."

Portside Wharf is located six kilometres from the CBD and sits between key economic areas with easy access to the domestic and international airports and Gateway Motorway.

The precinct is well connected to the rest of the city via public transport, including the CityCat, and major roads such as Kingsford Smith Drive which is set to receive a $650 million upgrade, turning it into a six lane boulevard.

Pinnacle is the sixth residential stage of Portside Wharf after Loft, Infinity, Flare, Promenade and Link.