Brisbane’s residential sector is undergoing a flight to quality, with developers keen to take advantage of the undersupply of luxury, quality and space in the apartment market.
An influx of investment grade apartment stock and a strong demand from downsizing owner occupiers seeking a luxury alternative has led to the increasing popularity of high end developments with all of the comforts of home – and in some cases, much more.
Cavcorp’s founder and managing director Damien Cavallucci has raised the bar in this sector of the Brisbane apartment market with his latest offering, the exclusive ONE OAK penthouse collection in Doggett Street, Newstead, adopting a ‘luxury as standard’ approach.
Officially launched last week in a glittering launch event featuring Brisbane’s A list, no expense or thought has been spared in the design of these exclusive penthouses.
With possibly Brisbane’s best kitchens – including a $40,000 Sub Zero Fridge and walk-in wine cellar – and a $40,000 Bang and Olufsen entertainment system as standard, these penthouses have a very specific clientele in mind.
“Designed for those seeking the finer things in life, the trend we are seeing is a big change in clientele downsizing from homes," Mr Cavallucci said.
“Our clients are looking for luxury; they want an inner city option to take them into the next stage of their lives without compromising on space or lifestyle.
"This development is a symbol of craftsmanship and innovation, and takes the Brisbane luxury market to a whole new level."There are 91 apartments in the $60 million One Oak development designed by Orbit Architecture, including eight penthouses. The first open homes are scheduled for this weekend.