The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
LESS THAN 30 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
4 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterMon 08 Feb 16

Final Penthouse Sold At Pinnacle Development

P

The final luxury penthouse at Brookfield Residential Properties' Portside Wharf development has fetched over $2 million, bringing total sales in recent months to more than $10 million.

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

ResidentialAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
View All >
Sponsored

HCP: Real Projects, Real People, Real Returns

Partner Content
Wynnum Masterplan hero
Development

Masterplan Revealed for Brisbane Bayside Super-Site

Phil Bartsch
Markets

Private Credit’s Biggest Risk in Expansion: Sameer Chopra

Taryn Paris
In this exclusive member-only webinar CBRE head of research Sameer Chopra explores the growth of the private credit mark…
LATEST
Finance

HCP: Real Projects, Real People, Real Returns

Partner Content
5 Min
Wynnum Masterplan hero
Development

Masterplan Revealed for Brisbane Bayside Super-Site

Phil Bartsch
4 Min
Markets

Private Credit’s Biggest Risk in Expansion: Sameer Chopra

Taryn Paris
2 Min
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/brookfield-penthouse-sold-pinnacle-portside-wharf