Luxury apartments on water still hot property
The apartment at 631/1 Newstead Terrace, Newstead. TWO high-end apartments in a luxury riverfront development in Newstead have sold for seven-figure sums. Growing strength in the downsizers market saw 631/1 Newstead Tce sell for $2.9 million. The three-bedroom, three-bathroom, double garage apartment was sold by Brett Greensill of LJ Hooker New Farm. It features open- plan living areas , with a family-sized kitchen that spills out on to a big, entertainment balcony to take advantage of the stunning views. Another unit in Pier Waterfront, 522/1 Newstead Tce, sold for $2.25 million to a local owner-occupier. The three-bedroom, two- bathroom unit spans 207sq m. The master bedroom comes with an ensuite and its own balcony. The Pier Waterfront development includes exclusive use of pools, gyms, and a concierge service. The sales come amid strong demand for riverfront property, despite Brisbane experiencing an oversupply of inner-city units. Newstead has a median unit price of $595,000...