Macquarie Place launch in Hobart. Picture: Supplied HOBART’S Macquarie Place has seen remarkable buyer interest with one third of available apartments selling in the week since release. These sales account for 37 per cent of the stock value available, totalling $13.
6m in sales. This includes three out of the four level five luxury penthouses. Harrison Agents Hobart general manager Nick Brewer said this rapid uptake underscores the project’s appeal and the high demand for luxury living in Hobart.
The development’s official launch event, July 11, provided attendees with an in-depth look at the design and features of Macquarie Place. Prospective buyers were able to interact with the architects from PTD Studio, gaining insight into the thoughtful integration of traditional materials like sandstone and copper, which honour Hobart’s heritage while offering modern elegance. Artist impression of the Macquarie Place apartments to be built in Hobart.
Picture: Supplied Macquarie Place, developed by Melbourne-based Momentum Group in collaboration with Macquarie Street Investments Pty Ltd, offers 56 premium apartments complemented by 64 underground car parks and vibrant commercial spaces at ground level. The development replaces a former Holden dealership at the intersection of Macquarie and Barrack streets. Paul Huggins from Momentum Group expressed his excitement about the project’s progress, saying, “The strong interest and swift sales post-launch reflect the unique appeal of Macquarie Place”.
“We’re delighted by the positive response from buyers who appreciate the blend of luxury, heritage, and innovative design.” MORE: Massive inquiry for $80m Macquarie Place ahead of launch Reg Ansett’s Lufra Hotel seeking $4m-plus Commenting on the overwhelming demand for the apartments, Mr Brewer said the project has been well received by Hobart locals. “While we have sold a couple of apartments to interstate buyers, we have seen the vast majority of interest and purchasers are local to Hobart,” he said.
“This shows that Tasmanians will turn to apartment living if the building ticks all the boxes and is of high quality.” Harrison Agents’ Nick Brewer, right. Picture: Supplied Apartment prices range from $725,000 for a one-bedroom to $3m for expansive three-bedroom residences, some of which include more than 250sq m of living space and substantial balconies offering stunning views of Hobart.
The design features two interconnected apartment towers, providing enhanced privacy with separate lift cores, and eliminating the long corridors typical of many developments. This layout ensures a more intimate and exclusive living experience, particularly for the penthouse levels, which offer just two apartments per lift lobby. Macquarie Place launch in Hobart.
Picture: Supplied Mr Brewer said, given the brisk sales pace, potential buyers are encouraged to act quickly to secure their place in this prestigious development before the official launch to real estate portals such as realestate.com.au.
“Macquarie Place’s unique combination of location, design, and luxury makes it a standout in the Hobart property market,” he said..
