Developing Queensland: Penthouse buyers seek out space and luxury
Interstate and international buyers used to living in apartments are seeking out larger floorplans with luxurious finishes. Find out where they are looking.
QLD News
Don't miss out on the headlines from QLD News. Followed categories will be added to My News.
A demand from interstate and international buyers is helping fuel penthouse designs with large floorplans and stylish finishes.
Gardner Vaughan Group (GVG) director of finance and sales Samuel Gardner says the company is finding buyers from outside Queensland who are used to living in apartments and are seeking out luxurious and larger layouts.
It comes as GVG has launched its Penthouse Collection at the $87m Stonebrook Stones Corner development, 6km from Brisbane’s CBD, which has also attracted interest from downsizers.
Don’t miss the new Developing Queensland section, every Saturday in The Courier-Mail
“The Penthouse Collection provides a more expansive space, so buyers don’t feel like they have actually downsized,” Mr Gardner said.
“We are also finding interstate and international buyers are used to living in apartments and are seeking out these larger floorplans with luxurious finishes.”
Mr Gardner said the company was definitely catering to a market where downsizers did not want the ongoing maintenance of a large home and were looking to stay within their local area.
“This is where their doctor, dentist and favourite cafe are, this is their home,” he said.
“They are wanting to feel like they are living in an open-plan home without the ongoing upkeep and at Stonebrook, the Penthouse Collection provides a feeling of space, luxury in a convenient and coveted location which becomes their new home.
“GVG have built four-bed apartments for over 10 years, however the size and level of specification is certainly growing.
“In this market, we feel buyers are looking for properties with house-like proportions, in low-maintenance development complexes, and in dense infrastructure hubs promoting conveniences such as the connectivity to the CBD, for restaurants, shows etc.”
Mr Gardner said their buyers understood the pressure involved in renovating houses correctly, and so they were particular in how their penthouse was finished and appreciated the functional design.
Apartments in the Penthouse Collection range between $1.8m and $2.5m and have more than 200sq m of floorplan.
Mr Gardner said highlights in Penthouse Collection apartments included ensuites to all bedrooms, and expansive balcony spaces, some more than 50sq m with movable privacy screening to control light and breezes.
He said Stonebrook Stones Corner had a prime park-side position high up in Stones Corner, and was drawing the attention of growing families and affluent downsizers wanting to be part of a growing suburb with freshly-developed parkland on one side, shops and dining on the other.
“The walkability score of Stonebrook offers a city-like convenience, without the pressure of the hustle and bustle,” Mr Gardner said.
“Stones Corner offers strong future growth and new buyers can take comfort they are purchasing in a quality development with the trusted GVG brand.”
Mr Gardner said a rooftop terrace would provide year-round indoor and outdoor dining and views to the Brisbane skyline.
“Stonebrook Stones Corner is proudly developed and built by Gardner Vaughan Group – an award-winning Brisbane-based developer and builder, supported with over 25 years of experience and construction expertise in southeast Queensland, sustaining a 100 per cent project completion rate,” he said.
“Our customer focus results in a loyal following of over 25 per cent repeat and referral buyers in our new developments. At GVG, our commitment to exceptional craftsmanship and client satisfaction aims to cultivate a community where buyers become proud GVG brand ambassadors.”
Stonebrook Stones Corner
Address: 10 Flora St, Stones Corner
Prices: The Penthouse Collection apartments are between $1.8m and $2.5m, three- and four-bedroom apartments are from $999,000.
Features: Stonebrook has 90 one-, two-, three- and four-bedroom apartments over nine levels, The Penthouse Collection has eight apartments with exclusively-curated interiors, ground-level pool, gymnasium and function room, 5.21ha of green space, next to Hanlon Park
Status: Selling off the plan, construction underway and completion due in late 2024.
Inspections: Wednesday and Friday, 10.30am-noon; Saturday, 1-2.30pm; or by appointment
Contact: Annie Hayes, 0402 859 467
More info: gvg.com.au
MEET EXPERTS AT EXPO
The 2023 SEQ (Brisbane) Property Expo takes place at Brisbane Convention & Exhibition Centre on August 12 and 13.
Entry is free with the expo set to showcase an array of opportunities within Australia’s property market and attract local home buyers and investors, developers, and real estate industry professionals.
“With the Brisbane region experiencing remarkable growth and emerging as a thriving property market, the 2023 SEQ (Brisbane) Property Expo presents an unparalleled platform for industry leaders to connect, engage, and explore the wealth of possibilities available in this vibrant market,” Australian Property Expo director Na Yu said.
“With an impressive line-up of exhibitors, expert-led seminars, and exclusive future development projects, this expo promises to be an invaluable resource for anyone seeking to capitalise on the growth and opportunities within this thriving market.”
Highlights include an extensive exhibition area where leading property developers, agents, and industry experts will showcase their latest projects, developments and investment opportunities.
Attendees will also have the chance to explore a range of residential, commercial, and industrial properties. There will also be workshops conducted by experts, economists, and industry professionals and a speaking session will address key industry topics.
More info: aupropertyexpo.com
LONG-TERM PLAN FOR COMMUNITY ON WAY
Affordable housing lots are set to hit the market in the Whitsunday region with a Gold Coast-based developer planning a masterplanned community.
Alder Developments snapped up a 100ha block in Cannon Valley and is planning to release more than 500 residential lots.
General manager Greg Tupicoff said Alder Developments assessed dozens of opportunities before deciding to secure the site at 1405 Shute Harbour Rd.
“This masterplanned community project will be delivered in 20-plus stages over the next 10 plus years providing a range of diverse houses, retail, commercial, and educational land uses for the growing market along with parklands with shaded areas, play areas, utilities, and community facilities,” he said.
Alder Developments has already acquired the last major subdivision in Airlie Beach, a 24ha development known as Airlie Summit.
Revealed: Queensland suburbs with highest childcare costs
Childcare is eating up more than half the median household income in six Queensland regions – making it the most expensive state in Australia for parents. See how much you’ll pay.
‘Final Destination vibes’: Trio’s wild ride on excavator caught on camera
Wild vision has emerged of a group of Queenslanders sitting on a log that has been picked up by an excavator and swung around like a carnival ride.