Buy­ers reach for the sky

Herald Sun - Property - - COVER STORY -

AUSTRALIA 108 is set to be­come the new bench­mark for res­i­den­tial living at height in Mel­bourne.

Com­ing in at 319m, Australia 108 will eclipse the Eureka Tower by 25m.

Un­like Eureka, which houses a restau­rant, the Sky­Deck and ser­vices in the top few floors, Australia 108’s su­per pent­house apart­ment will crown the build­ing at level 100.

CBRE man­ag­ing direc­tor for res­i­den­tial projects An­drew Leon­celli said the foyer to the pent­house would open on the 98th floor, with a glass lift or stairs lead­ing up through a three-storey void to the 810sq m home.

Australia 108 of­fi­cially hits the mar­ket in Australia to­day, but Mr Leon­celli said there had al­ready been strong de­mand with buy­ers snap­ping up 90 of the 165 three-bed­room pent­houses and sub-pent­houses on lev­els 72 to 100.

“That’s how popular living in the clouds is,” Mr Leon­celli said.

“We an­nounced about four weeks ago that we’re com­ing to mar­ket and peo­ple have been reg­is­ter­ing and we are in a po­si­tion to sell ahead of the re­lease be­cause if some­one wants to spend $3.6 mil­lion, we’re not go­ing to say you must wait four weeks.”

Mr Leon­celli said owne­roc­cu­piers largely made up the pent­house clien­tele.

The su­per pent­house re­mains on the mar­ket, with a $20-$25 mil­lion price tag.

Those on more mod­est bud­gets have one and twobed­room apart­ments on the first hab­it­able floor at level 14 to the 68th floor rang­ing from $450,000 to $950,000.

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