Sold: Luxury buyers active in Hobart – realestate.com.au

In a whirlwind week of sales, a Hobart agent helped five buyers secure luxury condos in Hobart.

He says there are “a lot of buyers” chasing Hobart in this price range.

South Property Group director Nick Cowley said in North Hobart, three apartments in the No 1 Burnett St development sold for $1.25 million, $1.625 million and $1.75 million. The best of the four is on the market for more than $2.2 million.

And on the other side of the city, in Taroona, both top-floor penthouse properties at the Vue de Mar have been sold; one for $2.45 million and the other for an undisclosed price.

The remaining apartments, listed with South Property Group and New Haus, are priced “From $2.25 million.”

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Taroona’s Vue de Mar. Image: supplied

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One of the Taroona buyers said they were “immediately impressed” by the high specification and thoughtful design elements on offer in the Giameos Developments-built Vue de Mar.

“Other attractions are that the apartment is entirely on one level and consists of pre-existing levels, even though it is a new build,” they said.

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Buying in Tassie after living locally and abroad gives them a unique perspective on what’s on offer in Hobart.

“Hobart gives you good value for money compared to Sydney and London,” they said.

“We like the cooler climate, or at least the lower humidity in Hobart. We love the food scene and farmers markets. We’re both from a small town, so the size of Hobart feels great – nice and friendly.

“We love food, wine and distilleries, and Hobart is great for that. And we’re happy that we can be close to nature, but still be able to easily get into town for restaurants and the cinema.”

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Mr Cowley said buyers in North Hobart and Taroona were impressed by the high level of finishes, fixtures and fittings, some of which “you simply won’t find in any other apartment on the market, past or present”.

“With almost 40,000 views and over 100 inquiries on these two developments to date, there are plenty of buyers in this price range, especially from mainland buyers who want to call our beautiful city their home,” he said.

“And why wouldn’t you? For an apartment of the same quality as the Vue de Mar on Sydney Harbour, you would be looking at more than $6 million.

“That said, buyers are incredibly picky and know exactly what they want, so design, quality, liveability and location are all equally important.”

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No. 1 Burnett Street, North Hobart. Image: supplied

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1 Burnett Street, North Hobart.

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No. 1 Burnett Street, North Hobart.

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Mr Cowley said while there are a number of luxury apartments for sale in Hobart for these types of buyers – established or unplanned – there are others that never got off the ground.

“To my knowledge, there are at least a dozen Council-approved apartment complexes that have not yet begun construction due to increased construction costs,” he said.

“I’ve seen many where the sale starts but is canceled at a later date for this reason.

“Hopefully a strong turnaround in the market next year will breathe new life into the new apartment building space.”