Buying window begins To close up
AS MIRVAC’S Tennyson Reach community nears a sell-out, one family has snapped up two apartments, leaving just 17 available to purchase.
With $10 million in apartments selling at Tennyson Reach this year alone, it’s the last chance for purchasers to secure a riverview apartment in one of Mirvac’s most popular developments.
All two-bedroom apartments have already sold and interest now focuses on three-bedroom residences, which are priced from $765,000.
Real estate agent Peter Tewksbury bought one of these three-bedroom apartments after his son moved to Tennyson Reach at the end of last year.
‘‘I was attracted by its uniqueness," Mr Tewksbury said.
‘‘Tennyson Reach has views of Ken Fletcher Park, Brisbane River, Indooroopilly golf course and the Queensland Tennis Centre, providing open vistas to the features beyond the site and a sense of spaciousness."
Mr Tewksbury, who owns Tewksbury Commercial, discovered the Tennyson Reach community after son Robert purchased his first home there in December 2012.
‘‘He was jealous I think,’’ Robert said of his father’s purchase.
‘‘He’s been getting weary of the maintenance required on our large family home in Chapel Hill and was attracted to the low-maintenance living offered at Tennyson Reach.’’
Mirvac national chief executive residential development John Carfi said Mr Tewksbury was typical of the purchasers they were seeing at Tennyson Reach.
‘‘Our buyers have predominantly been owner-occupiers, looking to downsize to an apartment, with most moving from nearby south-west Brisbane suburbs because they like the area but want to move into something with less maintenance,’’ he said.
Just 14 apartments remain in the Farringford building and three in Softstone, each featuring three bedrooms and priced from $765,000.
Just one, three-bedroom with two living spaces apartment remains in Farringford, facing the Ken Fletcher parkland, and priced at $995,000.
Each apartment features Miele appliances, stone benchtops and large open-plan living areas that flow on to balconies, while residents have access to amenities including the recreation centre and gym, a 16m lap pool and recreation pool, and Buzz Bistro.
The parkland includes an outdoor amphitheatre, children’s playground, picnic shelters, walking and cycling paths and a public pontoon in the river. Queensland Tennis Centre is nearby.
Duo: Robert and Peter Tewksbury at Tennyson Reach.