Prestige apartment marketing agency, Total Property Group, has announced strong buyer demand for HG Developments’ luxury residential development Aire Newstead, with 68 per cent of the project’s 40 residences now sold to purchasers seeking premium inner-city living.
The achievement highlights Brisbane’s prestige apartment market, with owner-occupiers driving sales in one of the city’s most sought-after lifestyle precincts, Newstead North.
A total of 27 of Aire Newstead’s apartments have been purchased, with 92 per cent of buyers being owner-occupiers and 88 per cent from across South East Queensland, including 72 per cent Brisbane locals.
Total Property Group managing director Adrian Parsons said Aire Newstead’s success demonstrated how boutique developments that prioritised liveability, quality, and location continued to outperform the broader market.
Aire Newstead designs feature two bedrooms plus a multipurpose room, three bedrooms, and three bedrooms plus a multipurpose room.
“Brisbane’s luxury apartment market has entered a new growth phase, fuelled by continued interstate migration, economic expansion and significant infrastructure investment in the lead-up to the 2032 Olympics,” he said.
“The strong sales results with 72 per cent of purchasers being locals, reveal strong local confidence in Brisbane’s luxury apartment sector and a growing demand for larger, higher-quality residences that combine space, design excellence and a convenient inner-city location.
“We’re seeing a clear shift toward end-user ownership, as downsizers, professionals and families recognise the value of securing large, high-quality apartments close to the CBD, particularly in a market where the supply of luxury residences remains limited.
“Aire Newstead’s home-sized apartments, thoughtful design and exceptional craftsmanship have resonated with buyers who want the comfort and privacy of a home, the vibrancy of an urban lifestyle and the long-term capital growth that Brisbane’s prestige sector is now delivering.
Due to strong buyer demand for the luxury development, 68 per cent of the project’s 40 residences are now sold.
“Construction is progressing strongly under leading builder 5Point as the developer, HG Developments, continues to set new benchmarks in boutique luxury projects, specifically designed for owner-occupiers, and Aire Newstead is no exception. With more than 68 per cent of Aire residences already sold, inquiries have remained consistently strong from local prestige buyers.”
Aire Newstead has apartment designs featuring two bedrooms plus a multipurpose room, three bedrooms, and three bedrooms plus a multipurpose room priced from $2.35m with 13 residences remaining for sale.
Designed by the award-winning architectural firm Bureau Proberts, each Aire Newstead residence has been crafted to deliver generous proportions, abundant natural light, and sophisticated interiors that cater to the lifestyle expectations of owner-occupiers transitioning from large family homes with features including expansive balconies and open-plan living areas complemented by premium natural materials.
Located at 25 Maud St, 3km from the Brisbane CBD, Aire Newstead is close to Gasworks Plaza, James St’s fashion and dining precinct, and Newstead River Park.
Basement parking at Aire Newstead is provided for all apartments, with a minimum of two car parks per residence, while select larger apartments will include three side-by-side car spaces.
Located on a 1518sq m site at 25 Maud St, Aire Newstead is 3km from the Brisbane CBD.
Nearby are the Gasworks Plaza, James St’s fashion and dining precinct, and Newstead River Park.
AIRE NEWSTEAD
Developer: HG Developments
Address: 25 Maud St, Newstead North
Features: Development of 40 residences with options including two bedrooms plus
multipurpose room, three bedrooms and three bedrooms plus multipurpose room apartments priced from $2.35m
Sales display centre: 14B/23 James St, Newstead; open by appointment
Contact: 1300 393 855
More info:airenewstead.com.au
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