Adelaide’s city apartment living is certainly heading upwards, in popularity and in price. What is thought to be the most expensive apartment yet seen in Adelaide, the penthouse at the new Citi Terrace development at 111 South Terrace looks like it might have just broken the record after it sold for an impressive $4 million.
Boasting its own private outdoor swimming pool and spa, almost 700 sq metres of living space and 8 car parks, it is the ultimate in luxury apartment living, something that is becoming more and more popular in central Adelaide.
While the Citi Terrace penthouse is the most expensive apartment sold on record according to the Real Estate Institute of South Australia, there may have been higher priced apartments sold with the prices withheld.
Central city apartment living is becoming a big draw card for many buyers and investors for a number of reasons. For buyers, our lifestyle is become increasingly busy and time is precious. Buyers want the limited spare time they have to be quality time and Adelaide CBD apartment living offers the best in amenities, restaurants and cafes, night life, public transport and easy access to all the vibrancy the city has to offer.
For investors, the Adelaide apartment market continues to look brighter and brighter, with strong capital growth and good rental yields.