In March we crowned South Bank’s Park Avenue building “South Brisbane’s tightest held“, with owners not selling for extended periods. But a recent auction reported in Saturday’s Courier Mail has seen the Apartment 36 penthouse sold for a building record of $4million (having previously sold in May 2000 for $2.85 million). Whilst enquiry from first home owners still dominates locally, this result is another shining example that despite tougher economic times, many still do prize prestige apartment living in South Brisbane.
Posts Tagged with Park Avenue Apartments South Bank Brisbane
Posted by admin on 30 June 2009
Posted by admin on 14 March 2009
In February I commented on Silhouette in South Brisbane as being tightly held (owners not selling for extended periods) – but I’ve since found a building with even less turnover. Park Avenue in South Bank is a boutique building of just 56 apartments nestled amongst the South Bank Parklands and adjacent to the Goodwill Bridge. The last sale there was Apt 38 which sold in June 2001 for $1.1m. We don’t see them available often, but a 2 bed, 2 bath has been on the market since January this year for $1.25m.
