This article is from the Australian Property Journal archive
BROOKFIELD Residential Properties’ Portside Wharf development has sold more than $10 million worth of apartments, including the final luxury penthouse for over $2 million.
The five penthouses at Pinnacle have all now sold, totalling more than $10.7 million, with each residences fetching 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.
General manger Lee Butterworth said 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.
“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,” Butterworth said.
Sales in Pinnacle have reached $119 million with remaining apartments priced from $650,000 for two bedrooms, two bathrooms and secure car parking.
Pinnacle is the sixth residential stage of Portside Wharf after Loft, Infinity, Flare, Promenade and Link.
Australian Property Journal
