Luxurious flats, riverfront houses, Brisbane River, Newstead, Mirvac, Pier

TWO riverfront houses in considered one of Brisbane’s most luxurious condo complexes have bought for nearly $10 million mixed.

The gross sales are uncommon given the ‘Pier’ growth in Newstead is so tightly held due to its location, facilities and opulent inclusions.


The home-sized property at 1011/1 Newstead Terrace is the biggest of the courtyard flats within the complicated, spanning an enormous 463 sqm.

It has bought for a cool $four million, however that’s a loss on the earlier sale, which data present was $four.zero25 million in 2017.

Promoting agent Sharon Campbell of Enclave Property Group mentioned the client was a neighborhood household who deliberate to reside within the property.


“Greater than ever condo residing is changing into the norm for households,” Ms Campbell mentioned.

“There’s a lot exercise now that the yard is slowly changing into not as used because it was beforehand.”

The large condo has 4 bedrooms and three loos, together with a big entertaining terrace, dwelling workplace and powder room.


There’s even room for the prolonged household, friends or tenants within the further one-bedroom, self-contained condo.

It has direct gated entry to the constructing’s 25m heated pool and recreation space.

In the identical constructing, one other condo at 852/1 Newstead Terrace has bought for $three.45 million.


Data present the unit was previously owned by the managing director of Brisbane Glass, Mike Sweep and final bought in 2014 for $2.7925 million.

The 262 sqm condo has three bedrooms and two loos, together with two separate residing areas, together with a household room and research, and an enormous outside terrace.

The property was marketed by Matt Lancashire and Patrick Goldsworthy of Ray White – New Farm.


Ms Campbell mentioned there have been hardly any resales of flats within the ‘Pier’ constructing.

She mentioned the native market had been softer this spring, with fewer listings.

“Sellers are holding again and consumers will not be leaping into properties,” she mentioned.