Buyers wanting modern low maintenance apartments and townhouses are turning to a popular riverfront development with a focus on flexible family spaces.
With only one town home and a few apartments available at ONE Bulimba Riverfront, developer Velocity Property Group is leading the refinement of the luxury downsizer demographic.
Tracy Carmody and her husband Simon recently moved into their four-bedroom apartment with waterviews and could not be happier with the decision to downsize.
With two teenagers, the couple had enough of maintaining a big backyard at their Morningside property, and were paying someone to mow and clean their swimming pool.
“We’re on one level now, and the kids are happy,” Mrs Carmody said.
“Living on the water is amazing. You never get sick of the view. It’s like always being on holidays.
National sales director of Velocity Property Group, Caroline Humbert, said they identified clear buying needs and expectations within the downsizing demographic, as well as seeing the emergence of a younger downsizing group seeking more flexible family spaces.
Ms Humbert said Velocity was continuously refining its developments to accommodate the specific needs of this segmented group, to ensure they were tailored to suit buyers.
“An incredible location, such as Brisbane’s north-facing, absolute riverfront that the buyers experience at ONE Bulimba Riverfront, is not enough on its own to deliver a wonderful lifestyle anymore,” she said.
“One of the strongest needs we have refined and offer at ONE Bulimba Riverfront is functional luxury. The highest quality kitchens, finishes and bathrooms are expected from this market, but so is great, highly-functional design that is intuitive to the way these buyers want to live and move around their new homes.
“Luxury downsizers also expect residences that will anticipate their needs now, in areas such as wide living spaces connected to deep balconies, a great apartment flow, abundant storage and good space in at least three bedrooms.
“But they also expect that their home will be flexible enough to anticipate the need for possibly repurposing rooms such as changing a media room to a home office or gym or to accommodate small changes throughout the residence if their health requires it in the future.”