Mirvac secure $95 million of sales at Quay Waterfront, Newstead apartment development

The ASX-listed national developer Mirvac have sold over half of the apartments in their $180 million Newstead apartment tower Quay.

Quay is one of the two approved apartment building's in Mirvac's $1 billion Waterfront Newstead community on Skyring Terrace on the Brisbane River.

Mirvac had just been running a registration's of interest campaign, with public release starting in the next few weeks.

Quay will comprise 143 one, two and three bedroom apartments priced from $382,000 across its 25 levels. The expansive three and four bedroom sky pavilions start from $2,925,000.

The striking building, designed by Mirvac's award-winning in-house design team, will feature lush landscaping climbing the tower by landscape architect RPS.

Mirvac Head of Residential Stuart Penklis said there had been significant demand for the premium riverside apartments, which were located on a prime site at 57 Skyring Terrace, at the gateway to the Waterfront Newstead community.

“To have the apartments be so well received is a huge achievement and testament to the design and quality of Quay,” Penklis said.

“From the moment we started work on the sales centre we were inundated with enquiry and had a waiting-list of buyers, with sales predominately made to those already living in the local area or who had purchased or lived in a Mirvac community previously.

“We expect the high interest will continue now the apartments are officially released, with demand for premium property in Brisbane remaining extremely strong – particularly for lifestyle destinations such as Quay, which enjoys a position alongside the Brisbane River, just two kilometres from the CBD and surrounded by vibrant cafés, restaurants and retail.”

Quay features just seven apartments per level to level 19, and three from level 20 and above.

Mirvac Design and RPS combined to create the lush landscaping up the facade of the building, turning the balconies in to an elevated backyard.

Quay will home one of Brisbane’s largest rooftop entertaining areas, complete with a 25 metre infinity edge pool. There will also have be a shared penthouse style kitchen and dining space with views across the Brisbane River and a ground-level wellness retreat, featuring a yoga studio.

Quay features just seven apartments per level to 19, and three from level 20 and above, ensuring each enjoys generous proportions inside, with large sculptured balconies and lush planting providing an ‘elevated backyard’.

High ceilings and expansive glass frontages draw in natural light and ventilation, while framing panoramic views of the Brisbane River and city skyline vistas.

Quay follows on from Mirvac’s highly successful previous stages at Waterfront Newstead – Pier, Park and Unison.

The strong sales have prompted Mirvac to bring forward planning for the next apartment release at Waterfront Newstead, with the developer now taking registrations of interest from prospective purchasers.