Warren Ramsey (left) and Trent Quinn are happy all the apartments at Aspire have been sold.
Warren Ramsey (left) and Trent Quinn are happy all the apartments at Aspire have been sold. David Nielsen

CBD high life luring buyers

THEY searched Australia all over for people to buy apartments at Aspire, while the buyers were waiting in Ipswich all along.

Ray White Real Estate is celebrating after finding buyers for all the apartments and commercial businesses at Aspire in the CBD.

Ipswich's first high-rise residential tower was forced into receivership last year after only half its apartments sold.

Ray White Commercial Ipswich CBD's Trent Quinn and Warren Ramsey marketed the remaining apartments on behalf of receivers McGrathNicol.

Some of the apartments were sold at auction in September and the rest have now been snapped up.

"Aspire is now all sold. The vast majority have settled," Mr Quinn said.

Mr Ramsey said that in the two and a half years before Ray White took on Aspire as a receivers' property, three apartments were sold.

In the seven and a half weeks since the auction they sold 44 apartments and two commercial entities including the Bakehouse Steakhouse.

"The key was meeting the market in terms of price," Mr Ramsey said.

"There has never been anything wrong with the product. The only thing wrong with it was the price.

"We had a GFC and there was no compensation made for that.

"The prices were around half what they were when they were being sold off the plan, from $155,000 to $532,500."

The total sales figure was more than $10 million.

In a pleasant surprise, most of the apartment buyers are from Ipswich, including RAAF personnel and business people.

"We did a national campaign but most of the buyers were right under our noses," Mr Ramsey said.

"It's a real boost for the CBD and might I say it's the result of a successful campaign by a well-run agency."

Mr Quinn said it also proved Ipswich people had confidence in Ipswich property.

"It fulfils council's aspiration of being able to live, work and play in Ipswich," he said.