Mercury (Hobart) - Property
This Taroona housing project was so popular — before it was even built — that its developer had to ask buyers to hold their horses, writes Michelle Singer.
FOR the past year, Hobart developer Stefan Giameos has been turning away keen buyers, who have approached him onsite while his latest project in Taroona was under construction.
The wait is over as the now complete Hinsby Residences, comprising of eight new single-level apartments, are finally on the market.
A smaller and more boutique project compared to his previous 24-townhouse development, Tanners Row in South Hobart, Mr Giameos says Hinsby Residences were designed with the downsizer demographic in mind.
“Downsizers know what they like and they like good things,” he says.
“They’ve spent their life looking after other people and now it’s time to reward themselves. In my experience they’ve also got a good eye for detail. They’re discerning and they like things done really well and that’s what I like to build.”
Hinsby Residences epitomises the finer things in life; quality kitchen appliances, automated blinds, instant boiling and filtered tap water, underfloor heating, a keyless entry, intercoms and security cameras. Apartments range in size from 73sq m to 112sq m, with open-plan living areas, floor-to-ceiling picture windows and balconies for impressive views.
“I always focus on the living area being a good size and flowing well,” Mr Giameos says.
“It’s also important to have a large master bedroom and quality ensuite. Downsizers buy two bedders and three bedders to have additional rooms for a visit from the grandchildren or for friends to stay over if they’ve had a few drinks.”
Knight Frank agent Nina Burton says Giameos Developments’ reputation for delivering high quality, premium builds, contributed to the strong prerelease interest from downsizers and local Taroona residents.
“Within the greater Hobart market, there is a huge demand for new properties, especially from those looking to downsize,” she says.
“Taroona is a lifestyle suburb and people don’t want to move out of the suburb but many find their home is no longer ideal for their needs but there are few new builds.”
Within the complex are two twobedroom apartments priced from $845,000-plus and four three-bedroom apartments, priced from $985,000-plus.
The two top floor penthouses are being sold by an expressions of interest campaign due to their size, impressive River Derwent views, premium finishes, outdoor terraces and hotel-style ensuites and walk-in robes.
A proud Mr Giameos says they’re the flagship of all his developments to date.
The 147sq m floor plans are mirrored but styled differently, one in contemporary black and white tones the other has a neutral more conservative palette.
“We’ve upscaled the appliances, they’re much larger internally, with outdoor kitchens, deck and balconies,” he says of the penthouses.
“The views onto the Derwent are amazing, we’ve installed electric awnings, big skylights and high ceilings. The ensuites are very cool and almost form part of the bedroom with sliding glass doors and a solid stone bath.”
For details visit hinsby.com.au or call Knight Frank Hobart.