$20m in September sales leaves one residence remaining in New Farm development
Apartments & Developments
3 October 2024
Growth to Brisbane’s luxury apartment market shows no sign of a slow down with Residences 2 and 3 of Spyre Group’s Moray House having sold during September, totalling over $20 million.
With construction well underway by Contrast Constructions, Moray House presents a limited collection of six one of a kind residences in a quiet enclave on the river’s edge.
This modern masterpiece is blessed with enviable access to the Brisbane Riverwalk, Howard Smith Wharves, and a wealth of other amenities on the doorstep – undoubtedly the most exceptional collection of riverfront homes to come to Brisbane’s property market.
The development has continued to break Brisbane price records since its launch to market in 2023 with the penthouse, sub-penthouse and residence 4 all achieving market leading prices at their respective times of sale.
Spyre Group director Andrew Malouf says the bureau^proberts designed development will solidify Brisbane’s status as a destination for prestige property.
Residences 2 and 3 have both sold to Brisbane locals during September totalling a value over $20 million.
Simon Caulfield of Place Kangaroo Point attributing these prices to the development’s exceptional location and market leading design.
“Brisbane’s luxury market continues to transform, with both interstate and local buyers prepared to invest significant sums to secure their piece of Brisbane premium real estate,” said Simon Caulfield, director and lead agent of Place Kangaroo Point.
“Buyers are attune to the fact that properties such as these are never to be repeated, with these most recent sales a testament to Brisbane’s evolving luxury real estate landscape.
"Families are now seeing the attractiveness of buying full floor residences where they're getting the benefit of the location and lifestyle of inner city suburbs like New Farm.
"Moray House residences provides families with an abundance of space, capturing all of the elements attributed to a large family home with the Spyre mark of aspirational living.
"These homes have been customised to the specific needs of clients to provide a truly one of one experience for the Moray House residents.
"One recent purchaser for example converted a room into a customised private dining experience for entertaining friends, family and clients."
Spyre’s Director Andrew Malouf said he believed Spyre’s “dedicated approach to delivering aspirational residences in premium locations provides a major vote of confidence in Brisbane’s high-end market.”
Just one residence remains available for purchase at Moray House. The project’s ‘River Residence’ features a pool, generous terrace and garden, boasting the elite fixtures and finishes synonymous with a Spyre home. This is truly the final chance to secure a piece of what is arguably the most prime riverfront real estate in New Farm.
To find out more about Moray House, click here.
