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Brisbane’s luxury and penthouse apartment market is on the cusp of taking off

first_imgThe newly reconfigured Macquarie St, St Lucia buildingWhile penthouse sales were on the up, Mr Caulfield said it might be some time before Brisbane’s record Newstead sale of $14.25 million was broken. “I don’t know if a developer will go and build something of that size again,” he said.There have been some substantial sales though, including the $8 million sale last year of a Brisbane inner-city penthouse to former prime minister Kevin Rudd and wife Therese Rein.Mr Caulfield has launched a penthouse development at 100 Macquarie St, St Lucia, in which an existing building has been reconfigured to one-per-floor penthouses. 450/1 Newstead Terrace, Newstead will be auctioned on March 15.“The momentum has started. The penthouse market, where it is a house alternative, where a penthouse is the size of a house but everything else is taken care of, is really starting to be more attractive to a lot of people.’’Mr Greensill said it now competed with the big house market. But not all penthouses were equal. Prices varied depending on amenity, while desirability was also determined by the building size.In the case of penthouses, bigger buildings were not necessarily better.“A penthouse on level 85 is not as desirable as one on level 5,’’ Mr Greensill said.Buyers wanted exclusivity and a smaller number of residents.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours ago One of the living areas in 450/1 Newstead Terrace, NewsteadHe is marketing a couple of significant Brisbane penthouses at the moment including 450/1 Newstead Terrace, Newstead, which he is marketing in conjunction with Matt Lancashire of Ray White, New Farm.The four-bedroom penthouse, which will be auctioned on March 15, is in the waterfront Pier building. It has views across the river spanning from Hamilton Hill across Bulimba and Hawthorne. There is an internal lift which goes direct to the apartment, a separate butler’s pantry with fully climate-controlled wine cellar and multiple living areas with a remote controlled fireplace.Simon Caulfield, of Place New Farm, said penthouse sales in Brisbane had lifted in the past couple of years. Inside the newly reconfigured penthouse at 13-100 Macquarie St, St Lucia“If you look at the physical number of penthouses last year that my team sold, we transacted 11. I think in the four years before that we would have been lucky to do 11 in those four years.“That tells me two things. One, there is more availability of penthouses in the market and, secondly as well, people are now realising that being within a housing environment in the CBD is great. A lot of people are valuing that prestigious location, closer to the river, better views and low maintenance that you don’t get typically in a house.’’ The penthouse at450/1 Newstead Terrace, Newstead goes to auction on March 15BRISBANE’S luxury and penthouse apartment market is on the cusp of taking off.With penthouses now achieving between $14,000/sq m and $16,000/sq m, LJ Hooker New Farm principal Brett Greensill said momentum had started to build at the high end. An “ordinary apartment’’ sold for between $10,000/sq m and $14,000/sq m.Mr Greensill said while the market often talked about an oversupply of units, that was usually investor stock, not the owner-occupier side of the market.“The next wave (of demand and development) is on more luxurious up-market apartments,’’ he said.last_img read more

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Moses wins DeSinco Trading Degree feature 35-lap cycle race in National Park

first_imgTEAM Alanis’ Kemuel Moses returned one hour 13 minutes four seconds in winning the feature 35-lap event of the DeSinco Trading sponsored 11-race cycle programme in the National Park on Saturday.According to reports, Moses’ time for the event is the best ever recorded for the 35-lap race in the 42-year history of any National Park cycle programme.The 17th annual DeSinco sponsored event under its many brands saw Moses and his team mate Silvio Inniss breaking away from the field late in the race and coming for the finish, Innis was first to jump, but Moses responded and brushed past Innis near the line to win the event.Last year’s winner Michael Anthony was off the local cycle scene due to his competing in French Guiana for most of the 2017 season outsprinted the peloton to finish third, while Alonzo Ambrose, Raul Leal and Shaquel Agard occupied the fourth, fifth and sixth places respectively.Of the eight prime prizes that were up on offer, Agard won three, while Leal took two. Ambrose, Inniss and Jamal John won one each.The other winners on Saturday include Curtis Dey (juvenile 10-lap), Junior Niles (veterans under 50 five-lap), Kennard Lovell (veterans over 50 years five-lap), Jonathan Ramschuit (boys 12-14 years three-lap), Nicholas Nirmol boys and girls 12-14 years three-lap), Gerard Barrington (boys 6-9 years old two laps), Nigel Jacobs (mountain bikers five laps) and Michael Mckay (BMX boys 9-12 years old three laps.(Caption) Team Alanis’ Kemuel Moses (left) accepts his winner’s trophy and prize money from a representative of DeSinco Trading at the National Park on Saturday.last_img read more

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‘I am fine’ – Argentina legend Maradona on health scare

first_imgArgentina legend Diego Maradona said he was “fine” after being seen by a doctor during the team’s World Cup victory over Nigeria on Tuesday.The 57-year-old, who captained Argentina to World Cup victory in 1986, said his “neck hurt a lot”.Maradona posted a picture on social media showing medical staff with him at half-time of the 2-1 victory, but denied he had been taken to hospital.”I want to tell everyone that I am fine,” his Instagram post read.”I was checked by a doctor and he recommended me to go home before the second half, but I wanted to stay because we were risking it all. How could I leave?”Argentina’s victory meant they reached the last 16, where they will face France on Saturday. Video posted online appeared to show Maradona struggling to get up from his seat at full-time but BBC Sport has learned he later boarded a flight back to Moscow.Earlier, he was in tears when the score was 1-1, which would have resulted in Argentina’s elimination.Then, after Marcos Rojo scored the team’s late winner, he was seen giving one-fingered gestures.Maradona played 91 times for Argentina, scoring 34 goals, and later managed the national side.last_img read more

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