blog

Penthouse Sales Continue To Rise, Breaking Records

July 30, 2013

Penthouse apartments offer amazing views, luxurious living and fantastic locations in the inner-city. Demand for these luxurious apartments is clearly on the rise, particularly in Australia where the prestige property market is booming.
Real estate agency CBRE holds the record for the highest sale: two penthouses sold as one apartment in Bondi for $21 million. The $21 million purchase was made by fund manager Will Vicars.

According to reports, the high demand from Asian buyers has helped push the prices of the Australian prestige property market higher and higher.

Managing Director of CBRE David Milton said that the company has several clients looking to buy in the $15 million range.

Developers are reacting to demand by adding more penthouses in their new apartment blocks. In Central Park, for example, the Sky apartment has thirty eight penthouses instead of the usual one or two.

Source: http://www.theaustralian.com.au/executive-living/records-topple-as-penthouse-sales-soar/story-e6frg9zo-1226667040675

Meriton Suites is owned & operated by Meriton Property Services Pty Ltd (69 115 511 281) and is part of the Meriton Group © Copyright Meriton Suites

Stay In The Know

Keep up to date and be the first to know about:

  • Exclusive Rates
  • New Hotel Information
  • Great Giveaway Competitions
All you need to do is provide your details to the left,
and then you’re done!
Your next holiday is just a click away!

  • By submitting this form, you agree that Meriton Suites can email you regarding accommodation specials, exclusive offers, news & updates. If in the future you do not wish to receive promotional emails, you will have the option to ‘opt-out’.