What local buyer types are developers targeting and why?
Gradually, I’ve observed developers providing products that suit the downsizer and the luxury market. There’s a notable shift towards a commitment to quality and a strong emphasis on beautiful design and fittings.
Penthouses are having a moment, people seem to be opting for them over detached houses. Tell us a little but more about why they have become so popular.
Well, what’s not to love about a penthouse?! You can’t deny that there isn’t something special about being on top of it all. The expansive terrace aspect and the seamless flow from indoor to outdoor spaces is something downsizers are often missing in their homes. With a penthouse, you possess something that is stunning, and crafted by designers for the sole purpose of living and enjoying.
Currently, we proudly have three of the most opulent penthouses available on the Northern Beaches. One of them being, The Penthouse at QUARTET in Bayview, with an impressive 182 sqm of interior space complemented by a spacious 186 sqm terrace. With interior design curated by Coco Republic, this residence is a prime example of the true magnificence a penthouse can offer.
Also brought to us by Coco Republic, we offer a remarkable opportunity just 50 metres from the sands of Collaroy Beach – BATHERS COLLAROY.
Arguably the finest example of a penthouse in the area, it stands as the epitome of excellence. The interior finishes are unparalleled. The fusion of terrace and indoor-outdoor culinary areas creates a welcoming blend, emphasising a living-centric design philosophy. BIANCO in Balgowlah is meticulously crafted and perfectly appointed. The penthouse is set in an architectural design that melds contrasting materials and tones delivering an elevated impact. The 185 sqm home shows off true penthouse style with the features downsizers have come to expect such as bespoke cabinetry, fireplace, and ocean views. The level of luxury is just so exquisite!
What extravagant finishes and furnishings can you expect to find inside a high-end penthouse?
Fine marbles and generously sized benches are at the heart of these homes. The lighting schemes and features are like automated pergolas, adding to the allure. Buyers consistently express interest in cabinetry within the living spaces, fireplaces are also a frequent sought-after feature. What truly distinguishes these penthouses is the flexibility they offer; they can be tailored to accommodate your preferences, ensuring a match with your requirements.
How involved is Upstate in the design process?
At Upstate, our ingrained involvement within the Northern Region Market positions us not just as a participant, but also a contributor to developments even before the Development Application (DA) phase. This level of involvement allows us to leverage our understanding of buyer preferences, thus maximising the value we bring to each project. Buying off the plan can be stressful. How can you guarantee that the finished product will meet expectations? The new BCA and BASIX standards hold a level of strictness and stringentness that offers comprehensive protection to buyers in every aspect.
However, it is equally important to know your builder and designer, and build a trusting rapport. Our commitmenties in providing buyers the necessary space, time, and information to develop a genuine sense of assurance in their decision. What exciting new projects are in the pipeline for Upstate? We have some exquisite new property in the pipeline for launches in late 2023 and during 2024. We have been working with these particular developers for years now to bring these residences to market, and can’t wait for you to see the final result. Just for fun. How many times a day do you get asked what the market is doing? A lot! However, these penthouses are so amazing that irrespective of the market, there are instances where you just need to take a leap when you see what you want; they’re a true rarity.
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