One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Point Piper

The exclusive Point Piper development, Piper, a rare new development in Australia&#39;s most affluent suburb, has been a hit with buyers all over Sydney.

The project, a collaboration between two prominent eastern suburbs developers&nbsp;Fortis and Dare, has flown through the 50 per cent sold mark in just a few months, having launched the boutique collection of just 15 residences at the back end of March.

CBRE Residential Projects head&nbsp;Ben Stewart said&nbsp;they were seeing buyer enquiry coming in from everywhere from the inner west and lower north shore, with locals from Vaucluse and Dover Heights also showing keen interest.

[smartcode_project:default project_id=6126 project_image_fid=191994]

There was even a sale to a soon-to-be downsizing owner-occupier from Point Piper&#39;s exclusive Wolseley Road, who were looking for something brand new.

&ldquo;It&rsquo;s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish,&quot; Stewart says.

&quot;The apartments on offer&nbsp;a great size, anywhere from&nbsp;200 sqm to 250 sqm internal, while also still incorporating a few special features, such as some feature a swimming pool, or big gardens,&quot; Stewart added.

[smartcode_project:default project_id=6126 project_image_fid=199320]

&quot;The apartments are beautifully appointed with very high-level finishes, and a number of enticing factors that are turning people toward Piper.&quot;&nbsp;

Sharing its postcode with some of Australia&rsquo;s most prestigious and historic homes, Piper delivers on its vision with interiors by leading interior design studio, Mim Design, and acclaimed landscape architects, Dangar Barin Smith.

Inspired by the intimacy and grandeur of a private estate, Piper delivers a mix of two, three and four-bedroom apartments across the four-level building.

[smartcode_project:default project_id=6126 project_image_fid=199321]

Each apartments features soaring ceiling, open layouts and large living, entertaining and outdoor areas, with some even including their own private pool.

Stewart says the latest interest rate movements haven&#39;t put buyers off, in fact, it&#39;s been the opposite.

[smartcode_project:default project_id=6126 project_image_fid=191996]

&quot;Those buyers who are looking at an of​f the plan property,&nbsp;particularly those not due to be complete for another few years, haven&#39;t shown too much concern about the current interest rate hikes,&quot; Stewart says.

&quot;Where for the last six to 12 months we&#39;ve seen people locking in interest rates, we&#39;re now seeing people jumping into the off the pl​an market, hedging their bets that rates will be coming back down in 18 months or so when projects come up for completion.&quot;

Stewart also says buyers are believing now is the right time to move into the apartment space, with the price gap between houses and apartments at record highs.

[smartcode_project_cta: project_id=6126][smartcode_project_cta: project_id=6126]

“It’s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish," CBRE's Residential Projects head Ben Stewart said



Buyers come from all over Sydney to take Piper to 50% sold

Point Piper is one of the most affluent suburbs in the whole of Australia.

Wolseley and Wunulla Road are home to some of the country&#39;s most expensive houses, with harbourfronts, either facing north to Manly, or down to&nbsp;the Sydney Opera House and the Harbour Bridge, selling for up to $100 million.

Rarely is there an opportunity to buy&nbsp;brand new, off the pl​an property in the suburb laden with apartment blocks from the 1970s, set on land more often than not unviable for developers to knockdown and rebuild.

But Fortis, alongside Dare Property Group, are set to finally bring something new for&nbsp;new high-end apartment seekers, on the&nbsp;2,392 sqm Wunulla Road site which they joint acquired for around $40 million last year.

Dubbed Piper, at 2A Wunulla Road,&nbsp;there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="840" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.52_am.png" width="1364" /></a>

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature&nbsp;soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

The three two-bedroom plus study apartments start from 127 sqm of internal space, the three-bedroom apartments start from 161 sqm internal, and the biggest offering, the four-bedroom apartments, have an internal living space between 210 sqm and 260 sqm.

&quot;We are looking forward to partnering with Danny Avidan and Dare Property Group on our new project in Point Piper, bringing a premium product to an exclusive harbourside location, Fortis Director Charles Mellick said.

&quot;Piper will offer residents proximity to key retail and commercial precincts in the locality, alongside excellent amenities.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="842" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.43_am.png" width="1353" /></a>

&quot;With an expected end value of $150 million, we are confident that the proposed development will be well received by Point Piper locals and the wider community, unveiling a fresh approach to luxurious apartment living.&quot;

The high profile developer Danny Avidan, who heads up Dare Property, said the group is honoured to be joining forces with Fortis.

&quot;Charles Mellick and I have been long time residents of Point Piper and we share a strong, emotional bond with its close-knit community.

&quot;We feel privileged to have the opportunity to develop in Point Piper, and are excited to present Piper, which will bring to life our shared values and vision for this premium enclave.&quot;

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.47_am.png" width="661" /></a>

Ben Stewart, who heads up CBRE&#39;s Premium Sales Division and is handling the sales for Piper,&nbsp;believes the owner-occupier, empty-nester and downsizer markets will get stronger, particularly in the tightly held waterfront Eastern Suburb locations.

&quot;There is a flight to quality for buyers who are seeking prime positioned, well-designed homes in high-quality developments. There has been nothing of this scale built in Point Piper for many, many years.&quot;

<h2>Fast Facts:</h2>

Location - 2A Wunulla Road, Point Piper 
Developer - Fortis and Dare Property Group 
Selling agent - Ben Stewart, CBRE 
Architect - GCCV Architects 
Interior design - MIM Design 
Landscape - Dangar Barin Smith 
Completion date - Q1 2024 
Indicative pricing guide - From $4 million 
Number of dwellings - 15

Dubbed Piper, there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.


Fortis and Dare Property Group to launch exclusive Point Piper apartment development

<html><body>The $16 million plus Point Piper apartment sale on the weekend confirmed the suburb's status as the priciest location for Australian apartments.

The Point Piper penthouse sold on Friday evening, just hours prior to its scheduled Saturday auction.

The whole-floor apartment, within the tightly held Wentworth Place block, comes with three bedrooms and three-bathrooms.

It has views to the Bridge and Opera House.

The Wentworth Street penthouse has 300sq m of internal space plus 300sq m rooftop terracing.

It traded at $3,325,000 in 1993 and at $3.85 million in 1989.

Sydney's Point Piper boasted Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report.

Point Piper took the top spot with a median unit value at $2.28 million, with all the top 10 coming from Sydney.

Nearby Darling Point ranked second at $1.78 million followed by Millers Point at $1.69 million.

Point Piper's top apartment sales over recent years have included 

3/10 Wentworth St, Point Piper, $13.5 million, 2016; 

4/47-49 Wolseley Rd, Point Piper, $13.5 million, 2017; 

4/6 Buckhurst Ave, Point Piper, $16 million, 2017;

72A Wolseley Rd, Point Piper, $14.75 million, 2017;

2/74 Wolseley Rd, Point Piper, $12.35 million 2019;

2/62 Wunulla Rd, Point Piper, 412 million, 2020;

3/10 Longworth Ave, Point Piper, $10.4 million, 2020;

2/124 Wolseley Rd, Point Piper, $13.025 million, 2020. 

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Point Piper is the priciest suburb for apartments across Australia

jchancellor

$16 million plus Point Piper apartment sale

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CoreLogic’s best of the best 2020 report has revealed that the highest median unit value was found in Point Piper, as with 2019.

The report revealed Australia’s $7.2 trillion residential real estate market proved resilient in the face of a global pandemic, leaving an overall positive market outlook for 2021.

Eliza Owen, CoreLogic’s head of research, said the report highlighted the resilience of luxury markets in Australia.

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“This is not to say these suburbs have been unaffected by the pandemic; indeed the high end of the Sydney market is generally more volatile to changes in economic conditions. However, this volatility also tends to see a rapid recovery in the wake of lower mortgage rates and an improvement in consumer sentiment.”
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All ten of suburbs listed amongst the nation’s best for unit value were located in Sydney, with Point Piper taking the top spot with a median unit value exceeding $2.28 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/units.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="358" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/units.png?itok=UMi3PAjN" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure>Darling Point took the second spot, with 78 units sold throughout the year and a median value of $1.785 million.

Sydney’s eastern suburbs performed well across the board, with Darling Point, Bellevue Hill and Vaucluse taking the three top spots for highest median house value. Double Bay, Tamarama, Rose Bay and Dover Heights also made the top ten.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/houses.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/houses.png?itok=V9K-dHl0" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure><h2>Here are two luxury apartments you can secure in Sydney’s high-performing eastern suburbs</h2>

1. <a href="/buildings/marmont-319-new-south-head-road-double-bay">Marmont</a>, Double Bay 
Address: 219 New South Head Road, Double Bay NSW 2028 
Two-bedroom apartments from $2,595,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marmont.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marmont.jpg?itok=JI7D4JMZ" width="580"></a>

Expected to reach completion early 2021, Fortis’ latest Double Bay project offers an exciting opportunity to secure a two or three-bedroom residence in Sydney’s inner-eastern suburbs.

Designed by MHNDUnion, Marmont features floor-to-ceiling glazed windows, views across the harbour and extensive terrace balconies. 
 

2. <a href="/buildings/dusk-625-627-old-south-head-road-rose-bay">Dusk</a>, Rose Bay 
Address: 625-627 Old South Head Road, Rose Bay NSW 2029 
Two-bedroom apartments from $1,795,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dusk.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dusk.jpeg?itok=p7dBDFYv" width="580"></a>

Located in the heart of the high-performing Rose Bay, Dusk hosts nine two and three-bedroom apartments just six-kilometres from the Sydney CBD.

The exclusive harbourside residence, delivered by Maestro Rosebay, offers private views, considered interiors and an architecturally-designed façade by Bureau SRH.
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Sydney's Point Piper boasts Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report. 

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Point Piper hosts Australia’s priciest apartments: CoreLogic 

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A Point Piper apartment sold for $13,025,000 when offered for the first time in seven decades.
The three-bedroom Wolseley Road apartment <a href="https://www.realestate.com.au/sold/property-apartment-nsw-point+piper-134352930" target="_blank">sits in the triplex, Cliff Towers</a>.
Its reserve was $9.9 million.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CM_E89mkrewCFQGZSwUddDMFLg">
<div id="google_ads_iframe_//31694718/domain.com.au/news_0__container__">Sydney Sotheby’s International Realty agent Michael Pallier advised three of the seven registered bidders were active.</div>
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The apartment had been the residence of Susan Rankine, formerly known as Lady Street.
<img src="https://www.urban.com.au/images/2020/12/rankine%202.png" alt="">
The sale ended over seven decades of family ownership.
Since the 1950s, the lower half of the Cliff Towers building on Wolseley Road had belonged to Susan's mother Ruth, who was married to the ship owner, pastoralist and arts patron Ernest Watt.
The block was strata titled in 1976.
<img src="https://www.urban.com.au/images/2020/12/rankine%203.png" alt="">
The now whole floor apartment and has three bedrooms, each with an ensuite. 
The apartment has 288 sqm intenrtal space and there's a 190 sqm north facing terracing.
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Sydney was host to 754 auctions this week, up from both last week when 430 auctions were held, and this time last year when 733 homes were taken to auction. 
Of the 587 auction results collected so far, 73.1 per cent were successful, similar to last week’s preliminary result of 73.2 per cent which revised down to 65.8 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.9 per cent.
Last week, the combined national capital city preliminary auction clearance rate increased across a higher volume of auctions, according to CoreLogic.
 There were 1,090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). 
Of the 822 results collected so far, 71.5 per cent were successful, up from last week’s preliminary figure of 69.3 per cent which later revised down to 64.4 per cent at final collection. Over the same week last year, a final clearance rate of 73.5 per cent was reported across the combined capitals.
Auction activity remains low across Melbourne this week with 60 homes taken to auction. Of the 52 results collected so far, 59.6 per cent were successful while just under one third of reported auctions were withdrawn. Over the previous week, 55 auctions were held across the city, while this time last year, 974 Melbourne homes were taken to auction.
In regional Victoria Ray White Warrnambool agent Jason Thwaites sold 11 MacLand Drive, Warrnambool for $429,000.
It was a three bedroom single storey brick house. 
“This result is the perfect example of why auction is the best way to see your property. We only had two registered bidders, but they both battled it out strongly, and the property ended up selling $29,000 over the reserve price,” Mr Thwaites said.
“We had 14 private inspections during the four-week campaign with interest coming from both owner-occupiers and investors - with an investor buying on the day. 
“The regional market is really good across all the regional centres and we’re seeing a lot of interest.
"Not just from metropolitan Melbourne, but across the whole state,” he said.
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Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 79.5 per cent, across 78 auction results, followed by Adelaide with a preliminary clearance rate of 70.7 per cent across 41 results.
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Cliff Towers, Point Piper apartment fetches $13,025,000 when offered for the first time in seven decades

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Point Piper is rumoured to have secured the second highest residential house price in Australian history with a reported near $95 million sale on the waterfront Wolseley Road to a buyer born overseas but now based in Sydney.
The Wentworth Courier and Domain are saying it's the trophy home Edgewater, the longtime property of the co-founders of Katies women's clothing chain Joe Brender and the late Sam Moss.
Remarkably no agent has stepped forward to take the credit, nor big timing buyers' agent claiming they introduced the buyer to the tightly held property.
There are whispers the agent behind the 2022 delayed settlement deal, which only exchanged on Monday, was the Sotheby’s agent Michael Pallier. And the buyer is believed to be Gold mining businessman “John” Changjin Li, according to Domain.
The business duo paid $5 million in 1985 for the home, which was the vision in the early 1980s of the international entertainment promotor Michael Edgley.
The top floor area of the then vast 240-square contemporary mansion was Michael Edgley's private office bedecked with portraits and awards of the stars Edgley toured including John Denver, Rudolf Nureyev, Marcel Marceau and he Moscow Circus Performers.
It was reportedly bought as a concrete shell.
It was the architect Stephen Gergely who was commissioned to convert it into two apartments after Brender and Moss bought the Wolseley Road property located toward the coveted tip of Point Piper.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/10/92%20Wolseley%202.jpg" alt="">
The Moss family occupied the downstairs apartment of the four level building, the Brenders the top unit in the duplex.
The Moss's apartment had been offered as a $6,000 a week rental.
There's a shared entertainment level with a kitchen and an indoor pool for both families. 
Set by its 40 metre water frontage is one of the few Sydney harbour front tennis courts in existence. 
The price is just $5 million shy of the $100 million Australian house price record paid by the Atlasssian billionaire Mike Cannon-Brookes and his wife, Annie in 2018 in Double Bay.
Although technically a sale of two apartments rather than a detached house, the two Edgewater apartments top the 2016 purchases by Menulog co-founder Leon Kamenev in Vaucluse.
He spent $80 million on four adjoining lots and is building a mega-mansion.
 
 
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Edgewater, Point Piper rumoured to have sold for around $95 million

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The four-bedroom, four-bathroom Point Piper apartment owned by former Sydney lord mayor Nelson Meers and his wife, Carole has been listed.
Situated on Buckhurst Ave, Point Piper, it hit the marker with a “high teens” guide via LJ Hooker Double Bay’s Bill Malouf and Margaret Morosi.
“I consider this one of the best waterfront apartments in the eastern suburbs,” Malouf advised the Wentworth Courier.
“It’s an opportunity for a penthouse-style apartment with beach access and views of the Opera House and Harbour Bridge.”
<img class="sc-qYHHM dyhwPj size-full wp-image-600403" src="https://www.realestate.com.au/blog/images/1280x720-fit,progressive/2020/07/23000302/capi_a74bbe9aee14f2858a8b191299ea2cce_71d67ccc8b5d90eee966a6c398281d6b.jpeg" alt="" width="620" height="349" data-capiid="71d67ccc8b5d90eee966a6c398281d6b">
The apartment has 449 sqm space with terraces.
The block was dramatically transformed about a decade ago, with the original 14 units converted to six whole-floor designer apartments.
 
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Former Sydney lord mayor Nelson Meers lists Point Piper apartment

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Westpac board member Steve Harker has sold his waterfront Point Piper home for about $40 million.
The unconfirmed off market price is nearly double the year’s next high-end sale result in Rose Bay.
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<div id="adspot-1x1_300x250-pos-2" class="ad">The buyer, start-up investor Alexandra Jakob and her entrepreneur partner, Gabriel Jakob live nearby.</div>
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<div class="ad">The deal was done September 16.</div>
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<div class="ad">It has been reported the agents were Christie's International and LJH. </div>
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<div class="ad">The property last traded in 1993 for $2.01 million.</div>
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<div class="ad">It is on the same bay where expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, <a href="/news/aussie-john-symond-set-for-new-point-piper-neighbours--44294">was thought to be set to seek $40 million buyer</a>s.</div>
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<div class="ad">Cooke actually wants $60 million according to the local paper, The Wentworth Courier at its November 23 auction.</div>
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<div class="ad">A $23.5 million Rose Bay harbourfront sale had been in top spot having sold to lawyer Amanda Banton through Ben Collier of The Agency.</div>
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$40 million Point Piper sale breaks prestige sales famine

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Aussie John Symond and wife Amber might be getting new neighbours this spring on their Point Piper cul-de-sac.
Expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, is set to seek $40 million buyers.
The Wingadal Place vacant block was bought from Gustavo and Angelo Ferella in 2006 for $7.95 million and then had a $5.5 million home designed by James Stockwell and Jonathan Temple Architects.
Many were surprised Symond, who snapped up his 2675sqm holding for $10.5 million in 1999, didn’t buy the 960sqm parcel that stemmed from pastoralist Anthony Hordern’s 1950s subdivision.
On Symond’s other side, work continues for the Song family on turning the $60.66 million trophy home Portofino into a triplex designed by Rob Mills Architects.
This article was first published in the Sunday Telegraph. 
 
 
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Aussie John Symond set for new Point Piper neighbours

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The buyer of Point Piper’s most expensive sale of 2019 has emerged as 27-year-old Chinese developer Jack Lin.
He paid $12.9 million for the home of Blue River Capital co-chief executive Grant Fuzi and wife Naomi.
The six-bedroom Wolseley Road home was designed by Alex Tzannes and overlooks the boats of Rose Bay.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/28/point%20piper%201.jpg" alt="">
Lin made headlines three years ago when, at age 24, he spent $8 million on the Point Piper apartment of former supermodel Kristy Hinze-Clark and her billionaire husband, Netscape founder Jim Clark.
His new purchase is a step up.
This article was first published in the Saturday Daily Telegraph.
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