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The Courier Mail – Luxury riverfront apartments draw downsizers, recording $26 million in sales

Paula Shearer News Corp Australia Network

July 14, 2016

A LUXURY riverfront apartment project at Toowong has recorded $26 million worth of sales since its launch earlier this year.

A third of the 33 Banc apartments are now sold.

Developer John Li from Ideal Property said most buyers considered the move to be an upgrade from their family home – based on the location and resort-style resident facilities.

“A lot of people talk about downsizing from a house to an apartment, but the reality is that most of our buyers are moving into a Banc apartment that is comparable to their previous home in terms of size,” he said.

“They are actually elevating their lifestyle with better views and access to facilities.

Click here to read the full article – Luxury riverfront apartments draw downsizers, recording $26 million in sales.

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