$5.7m Sale of Luxury Waterfront Apartment in Brisbane

A spacious four-bedroom riverfront apartment in Brisbane’s sought-after suburb of Teneriffe has sold for $5,700,000, as the city’s high-end market continues to perform well.

Positioned on an impressive 629sqm strata title, the property’s size was a major reason why this home was purchased within two weeks of going to market.

Luxury Waterfront Apartment

McGrath’s Brett Greensill helped negotiate the speedy sale of the luxury home, located at 34/1 Macquarie Street, and said: “It was purchased by local buyers who bought it because it felt like a home – it is in a building that has just three one-per-floor apartments.”

“The journey from the garage to the apartment and then looking across the lawn to the river makes it feel exactly like a home with the privacy and security as well.”

Luxury Waterfront Apartment

Mr Greensill, who has made quite the name for himself by specialising in Brisbane’s luxury riverfront market, said that top quality properties are being snapped due to low levels of stock combined with an increase in the number of interstate buyers.

“It was purchased ahead of schedule on the basis that homes like this are not available too often,” he said.

Stock in Brisbane is tight for the upper luxury market. We are also seeing a rise in the number of Melbourne buyers who mistakenly seem to think that Brisbane is cheap!

The competitive Brisbane marketplace is forcing buyer’s hands, with a number of riverfront properties transacting for sale prices in a similar bracket to this Teneriffe apartment, resulting in happy buyers, sellers and agents.

“The buyers are very happy to secure something ahead of schedule and the vendors are delighted,” said Mr Greensill.

“It sold within the usual campaign strategy, we go to market without a price, we lead people to understand the values and we secure an outcome.”

“We’ve done this time and time again, bring it on!”

Luxury Waterfront Apartment

Brett Greensill featured in our OzHomeNews Agent of the Week series, click here to read all about his story, hobbies and top tips!

Address

34/1 Macquarie Street, Teneriffe, Qld 4005

Agents

Brett Greensill – 0410 506 695
Andrea Crossan – 0437 498 213
McGrath

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