ELEGANT FAMILY LIVING
A local family has secured the first post-launch sale at The Residences located within 130-yearold Yungaba House on the riverfront at Kangaroo Point.
The young family, who wish to remain anonymous, from neighbouring Bulimba, paid $3.6 million for four-level Residence Five, one of the flagship homes of the 10-home project.
Frasers Property general manager Residential Queensland Cameron Leggatt said The Residences had attracted a significant level of inquiry since its launch.
“There has been a tremendous amount of interest in The Residences thanks to its status as one of Brisbane’s most unique residential offerings,” Mr Leggatt said. “This is riverfront elegance at its finest with the opportunity to secure a modern and luxurious lifestyle wrapped in a carefully restored historic shell.
“The fact that this is located on an eastfacing riverfront site only 800m to the CBD underlines the exceptional and unrepeatable value proposition that is The Residences.”
Spanning four levels, the sold threebedroom apartment has its own turret, stunning CBD and Story Bridge views and expansive basement level. It is the second most expensive apartment in The Residences, topped by Residence Six at $4.25 million.
Luxury market specialist Sherrie Storor, of McGrath New Farm, said prestige waterfront properties in Kangaroo Point were highly sought-after and tightly held. Ms Storor said The Residences’ heritage aspects, modern interiors and amazing location had delivered an exceptionally rare offering. “The supply of new high-end apartments and homes is extremely limited, particularly on the riverfront, which serves to increase their value when they do enter this already tight marketplace,” she said.
“There are not that many three-bedroom residences being built, yet there’s strong interest in this style of property from emptynesters or families who want to downsize in the suburbs and get closer to the CBD.”
A young family has paid $3.6 million for the first flagship home in The Residences within the old Yungaba House at Kangaroo Point.