Australia

Downsizers upgrade to penthouse

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The four-bedroom, two-bathroom property at 14/100 Macquarie St, with its own private rooftop, sold for $3.3 million to a couple from neighbouring Indooroopilly looking to downsize.

The sale is indicative of a new type of buyer infiltrating Brisbane’s prestige housing market — the downsizer who doesn’t want the simple life.

Baby Boomers are flocking to inner Brisbane to downsize from their high-maintenance, multimillion-dollar homes to luxury, house-size apartments and townhomes.

They still want it all — but without the stress.

Place – Kangaroo Point selling agent Simon Caulfield said the buyers had been looking for something on the river with plenty of space.

The apartment certainly offers that — more than 600 sqm of living space with house-like proportions, in fact.

It also boasts 360 degree views across the Brisbane River, CBD and St Lucia.

Features include a large wine cellar and private bar, a glass media room and an outdoor kitchen with built-in barbecue.

It even comes with its own marina berth.

The penthouse is in a tightly held 14-unit boutique complex on the river in the student hub of St Lucia, which is just 5km from the CBD and has a median house unit price of $480,000.

The complex offers a shaded river deck, riverside pool, spa and barbecue area, plus a fully equipped gym.

In June last year, the apartment next door at 13/100 Macquarie St, which occupies a full floor, sold for $3 million.

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