More than $195 million in sales has been recorded at Brookfield Residential Properties’ statement development Gallery House in Hamilton.
A total of six luxury apartments were purchased in just two days in October at Gallery House as it stretches skywards and buyers rush to secure a prime piece of the Brisbane riverfront.
Brookfield Residential Properties’ Managing Director Lee Butterworth said it was the highest number of weekend sales since the dual-tower project in Hamilton was launched, with six apartments worth more than $5 million selling for an average of almost $850,000.
“Buyer confidence is high and we are seeing those who had registered their interest earlier are now putting pen to paper and signing contracts as they see both towers appearing out of the ground,” Mr Butterworth said.
“The first Gallery House tower is due for completion late 2019 and with downsizers accounting for the majority of buyers, many feel now is the right time to purchase and start planning their move.
“We have seen strong demand from the top-end of the market with our larger premium apartments dominating recent sales.
“These buyers are owner occupiers who not only see the financial value in owning a riverfront apartment, but also the lifestyle benefits of living on the waterfront with a vibrant restaurant and retail precinct next door.”
Mr Butterworth said the project lifted the standard of luxury apartment living in Hamilton.
“High-end buyers are looking for luxury, location and quality and have found it in Gallery House,” he said.
“We partnered with Cottee Parker Architects to create a unique, curved design that mimics the riverfront to ensure our premium apartments can take full advantage of the stunning vistas.
“A rooftop infinity pool with barbecue and lounge area provides the perfect platform for residents to escape and take in panoramic views of the city lights, river and encircling mountains; while a lush podium garden allows residents to immerse themselves in nature.”
Developer: Brookfield Residential Properties
Price: Two bedrooms from $565,000; three bedrooms from $865,000; and four bedrooms from $1,1950,000
Location: Hercules St, Hamilton
Gallery House neighbours Brookfield’s ‘ retail and residential precinct of Portside Wharf. It is located six kilometres from the CBD, minutes from the airport and with easy access to public transport, CityCat and major roads.