As an agent with Cavale, Ari Shahbazifar is at the heart of Newstead’s luxury real estate market, focusing on Cavcorp’s portfolio of Award-Winning Wellness-Lifestyle developments including Lucent, Le Bain, and the highly anticipated Luminare, which is under construction now.
Currently Ari is working on the launch of Luminare, which will have over 1,300 square meters of amenities exclusive to residents including a fabulous cantilevered pool, comfortable European sunbeds, dual magnesium spas, a steam room & two saunas, fitness centre, poolside alfresco kitchen and a dramatic private dining room. Features that buyers are seeking now more than ever.
We spoke with Ari about the importance of amenities in luxury developments and what it’s like walking into the yet-to-be-opened Luminare.
In Brisbane right now, what neighbourhood is up and coming for luxury residencies?
Ari: It is where it has always been the past 10 years, Newstead/Teneriffe has been drawing more people than anywhere else in the city.
Why are people moving to Newstead?
Ari: It’s the centre of activity and life, whether it’s the James St precinct, amazing gyms, great new restaurants, great architecture, or apartments. For people being priced out of the housing market, they’re finding a product that doesn’t compare in neighbouring suburbs — Luxury towers with amazing views and super amenities. There is an energy people have found that’s different from elsewhere.
What kinds of homes are high-net-worth individuals looking for?
Ari: The new luxury buildings, it’s about amenities. Everything imaginable—so you don’t even have to leave the building. Not just a gym in the building but a beautiful gym with a spa and saunas, a pool and a mini theatre/private dining room. Amenities are being well-curated, they’re not about checking a box, but providing what people want to actually use. There’s also a movement towards more gracious floor plans. People want higher ceilings, larger living rooms, eat-in kitchens, and even since the pandemic, people want more homes. Instead of having one home, they have five or six. People are looking at luxury real estate as an asset class in a way they hadn’t in the past.
Since the pandemic hit, it spurred a wellness craze, correct?
Ari: Yes, but it was going in that direction even before that. Now people are really concerned about safety and purified air, but there was already an emphasis on health and wellness but associating it with luxury. A healthier lifestyle, the spa has fresh organic juices, there’s a dietician who can create a meal plan for you. It piques buyers’ interests who want that lifestyle. We’re going to see more personal planning, curated services, who can help with what’s exactly needed for your body.
You’re currently working on Luminare, what does it look like and how is it going?
Ari: It’s extraordinary and hands down the best luxury high res development coming to market this year. The amenities are un-matched. We will have 1,300 square meters of amenities exclusive to the residents of the building. The adjoining TFP Wellness Centre will also have some world-first amenities, including Australia’s first snow room. The demographic of buyer that we are seeing interested in this building are primarily owner occupiers. It really is a turnkey experience.
What’s it like being inside Luminare before it opens?
Ari: It’s a legacy building for Cavcorp, so it’s incredibly special. The Cavcorp design team have thought of everything. The level of finish within the apartments coupled with the generous layouts and those 360degree views from the rooftop is something that will be really hard to replicate ever again. It has the pedigree of a landmark building.
What’s driving the buying craze in Newstead?
Ari: There’s pent up demand, limited stock, and more and more people who have their eyes on this lifestyle pocket in Brisbane. Deals are for local buyers who are downsizing to apartment living for an easier way of life, or buyers from down south who are trading up and moving to the sunshine state.
Luminare display suite is now open. To book your private appointment, click below.