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HomeNewsBrisbane sky home sells off-market for $12.95m in hush-hush sale

Brisbane sky home sells off-market for $12.95m in hush-hush sale

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Luminare is now completed

A SKY home in Brisbane has sold $12.95 million, setting a new sales record per square metre.

Located in the newly-completed Luminare tower at Newstead, which was constructed by Cavcorp, the sale is equivalent to about $24,000 per square metre.

The pool in the Luminare building.

The current sales price record for a penthouse in Brisbane is $15.75m, or roughly $19,700 per square metre.

That record is held by a 800sq m penthouse at Spyre Group’s Moray House, which was recently sold off the plan by Place Kangaroo Point agent Simon Caulfield.

Luminare was constructed by Cavcorp

But colleague Place Ascot agent Patrick McKinnon has taken the top gong for the top sale per square metre for an apartment, as the Brisbane price battle continues to soar to new heights.

If the 537sq m Luminare penthouse was as large as the Moray House sky home, its price could have reached as high as $19.292 million based on price per square metre.

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The 27th floor wellness centre

“These prices are now Brisbane’s new normal, where penthouse apartments now sit at a standard of $30,000sq m, but still represent great value, fetching half of what similar penthouse apartments in Sydney’s premier suburbs are getting,” Cavale’s Ari Shahbazifar said.

Speaking on the hush-hush sale, Mr McKinnon said there were plenty of buyers in the luxury apartment market, with many opting out of their big estates in the suburbs for the easy, lockup and leave, wellness-focused lifestyle.

“I live in a Cavcorp building so I can speak to the quality and the amenities, but this buyer rang me so I made a call, knowing the developer was holding off on listing the penthouse until it was completed,” he said.

“I introduced the buyer and they just loved it and the deal was done.”

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Mr McKinnon said the apartments were bigger than the average home, but had all of the amenities and security that some cashed-up buyers wanted.

But he said it wasn’t just downsizers making the move to apartments.

“There are so many families in my own building and yes, you can have pets,” he said.

“You always see parents on laptops sending emails while the kids play nearby in the pool.

“It’s very relaxing doing some work from a sun-lounger.”

The rooftop shared amenities at Luminare

Luminare has 214 luxurious two and three bedroom “wellness-lifestyle residences” with spectacular resident amenities located on the 27th floor overlooking the Brisbane skyline.

They include a 35m heated infinity pool with a spectacular glass bottom and cantilevered edge that is suspended 90m in the sky, a fitness centre with Technogym equipment, a turf training track, a Reformer pilates bed, balance domes and yoga balls, a steam room, two saunas, and a rain shower.

There is also two magnesium spa baths with outdoor and underwater speakers.

While there are no images of the Luminare penthouse, which is still being completed, design plans show it will have a grand master retreat with a huge walk-in wardrobe and ensuite, three further ensuited bedrooms, a private gym, office, open plan kitchen, dining and living spaces, a private plunge pool, 68sqm balcony, a huge recreation room and uninterrupted city views.

There is also two entrances, one for the residents and a second one that could be used by staff.


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