With property values soaring over the past 20 years and superannuation savings rising dramatically, it is hardly surprising that more and more independent living units are being sold for more than $1 million.
In Brisbane, Not For Profit OzCare’s Rendu Towers’ “Sky Homes” are fetching more than $2.5 million. Only two of six of the three-bedroom penthouses with huge balconies on Levels 20 and 21 remain for sale in the North Tower, which is still to be completed.
In Melbourne, Australian Unity’s The Grace Albert Park Lake is understood to have received an offer on the three-bedroom penthouse for around $5 million.
In Sydney, the $4.75 million penthouse in the Sage by Moran retirement village over Cronulla beach was one of eight apartments sold before construction even started. Equally, Not for Profit Anglicare Sydney said a couple purchased one of The Waterfront penthouse apartments at its Woolooware Shores complex for $4.4 million, two years ahead of its completion.
At the Mounties Group-owned Watermark Freshwater on Sydney’s Northern Beaches, the eleven three-bedroom penthouses were being sold for more than $5 million.
However, nothing matches the $10 million price rumored to be paid in 2016 for the penthouse at Mark Moran Vaucluse, regarded as the second wealthiest suburb in Australia.
“The penthouse figure at Vaucluse hasn’t been superseded as it is still owned by the same purchaser from 2016 (we have other figures close to that however with apartments regularly exceeding the $5 million mark),” Mark told The SOURCE.
The SOURCE: Will the $10 million apartment at Mark Moran Vaucluse sell for a lot more today?
