Increasing demand from high end downsizers looking for larger apartments has driven the design direction for Brisbane’s newest luxury and ultra boutique riverfront project, Banc in Toowong.
November 16th, 2015
Banc, to be developed by Ideal Property Australia, has been designed by WMK Architects and SJB Interiors – who are among the design consultants behind Sydney’s iconic Barangaroo project.
Banc, a boutique 15 storey project in Toowong, will ultimately comprise of 33 apartments along with amenities including a wine cellar, infinity-edge pool and resident’s lounge.
Marketing agent Peter Hutton of Hutton and Hutton luxury real estate says Banc has taken its design cues from emerging trends in the million-plus market, where high end buyers have tired of purchasing and amalgamating multiple apartments to achieve a floorplate comparable to a family size home.
He says savvy developers were starting to recognise that the focus on compact, high density development in recent years had resulted in a sector of the market being under-serviced.
“Banc is a move towards addressing the shortage of house-sized, luxury apartments to meet the needs of owner-occupiers demanding more space, increased privacy and improved amenities,” he says. “Bigger apartments are back in vogue – not just in Brisbane but globally. There are more large condominiums selling in New York now than there were just a couple of years ago, so the property pendulum is clearly swinging in favour of more spacious abodes.
“Banc’s answer to this trend is a collection of 224sqm – 231sqm premium sky homes serviced by three elevators offering private lift to door access. The sky homes offer three bedrooms, two bathrooms, a double garage, media room and butler’s pantry with panoramic views across the river, priced from $2.15 million.
“Much of Brisbane’s baby boomer market has been waiting patiently for the tide to turn from smaller investor stock to sky homes that they can feel comfortable downsizing to without sacrificing lifestyle or leaving the neighbourhood they love.”
Banc is located at 527 Coronation Drive, Toowong.
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