Local buyers buy new luxury apartments in Aire Newstead – realestate.com.au

PResidual apartment marketing agency Total Property Group has announced strong buyer demand for HG Developments’ luxury residential development Aire Newstead, with 68 percent of the project’s 40 homes now sold to buyers looking for premium inner-city living.

This achievement highlights Brisbane’s prestigious apartment market, with owner-occupiers driving sales in one of the city’s most sought-after lifestyle precincts, Newstead North.

A total of 27 apartments have been purchased from Aire Newstead, with 92 percent of buyers being owner-occupiers and 88 percent coming from across South East Queensland, including 72 percent from Brisbane.

Adrian Parsons, director of Total Property Group, said Aire Newstead’s success showed how boutique developments that prioritized liveability, quality and location continued to outperform the wider market.

“Brisbane’s luxury apartment market has entered a new phase of growth, fueled by continued interstate migration, economic expansion and significant infrastructure investment in the lead-up to the 2032 Olympic Games,” he said.

“The strong sales performance, with 72 per cent of buyers local, demonstrates strong local confidence in Brisbane’s luxury apartment sector and growing demand for larger, higher quality homes that combine space, design excellence and a convenient inner city location.

“We are seeing a clear shift towards end-user ownership as downsizers, professionals and families see the value of securing large, high-quality apartments close to the CBD, especially in a market where the supply of luxury homes remains limited.

“Aire Newstead’s house-sized apartments, thoughtful design and exceptional craftsmanship have resonated with buyers who want the comfort and privacy of a home, the vibrancy of an urban lifestyle and the long-term capital growth that Brisbane’s prestigious sector now delivers.

Thanks to strong buyer demand for the luxury project, 68 percent of the project’s 40 homes have now been sold.

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“Construction is progressing strongly under the leadership of leading builder 5Point, while the developer, HG Developments, continues to set new standards in luxury boutique developments designed specifically for owner-occupiers, and Aire Newstead is no exception. With more than 68 percent of Aire homes already sold, inquiries from local prestige buyers have remained consistently strong.”

Aire Newstead has two-bedroom plus multi-purpose, three-bedroom and three-bedroom plus multi-purpose apartment designs, priced from $2.35 million, with 13 properties remaining for sale.

Designed by award-winning architectural firm Bureau Proberts, each Aire Newstead residence is designed to offer generous proportions, abundant natural light and sophisticated interiors that meet the lifestyle expectations of owner-occupiers transitioning from large single-family homes with features such as expansive balconies and open-plan living spaces complemented by high-quality natural materials.

Aire Newstead is located at 25 Maud St, 3km from Brisbane’s CBD, close to Gasworks Plaza, the fashion and dining precinct of James St and Newstead River Park.

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Basement parking at Aire Newstead is provided for all apartments, with a minimum of two parking spaces per home, while certain larger apartments will have three parking spaces adjacent to each other.

Aire Newstead is located on a 1518 m² site at 25 Maud St, 3 km from Brisbane’s CBD.

Nearby you will find Gasworks Plaza, the fashion and dining precinct of James St and Newstead River Park.

AIR NEWSTEAD

Developer: HG developments

Address: 25 Maud St, Newstead North

Features: Development of 40 homes with options including two bedrooms plus

multi-use space, three-bedroom and three-bedroom plus multi-use room apartments priced from $2.35 million

Sales display center: 14B/23 James Street, Newstead; open by appointment

Contact: 1300 393 855

More information:airewstead.com.au