• December 5, 2016

Apartment size matters in Brisbane’s flight to quality

Apartment size matters in Brisbane’s flight to quality

A “flight to quality” has emerged in Brisbane’s crowded apartment market with average sales prices lifting over the last quarter, property-research company Urbis says.

At a development in Brisbane’s inner-city Newstead, a buyer paid $14m — including $9.5m for an entire level and three other apartments on a different level — in Kokoda Property’s Ella development.

Sales and marketing director Sam Tucker says Brisbane’s property market was recognising the value in higher grade product, rather than investor stock.

“We did extensive research to identify gaps in the market and to really understand where the market is moving in order to develop a luxury product that seamlessly connects with Brisbane’s culture and lifestyle.”

Read Full Article Here: http://www.theaustralian.com.au/life/home-design/prestige-property/apartment-size-matters-in-brisbanes-flight-to-quality/news-story/dc982ad18ad4e301cf30bfaa22777a9c

Ella Kitchen