For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Strathfield

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The Strathfield trophy home of the late leviathan bookmaker Harry Barrett has been listed for sale by his widow Pat.
The noted bookmaker and used-car salesman and his wife bought it from Andrew Kelly, the then boss of Strathfield Car Radio.
Set privately behind gates and a walled entry, the home spans 725 square metres.
It has five bedrooms, four bathrooms, a billiard room, home theatre and study.
On the 2365 square metre grounds, there's a swimming pool, a cabana with its own sauna, and an all weather tennis court.
George Ellis and Co Strathfield father and son listing team Sam and Joseph Georges say the estate is reminiscent of an opulent Hollywood mansion.
They have it listed for November 3 auction.
The Barrett's paid $1.9 million for the Redmyre Road home in 1996 when it was sold through Sam Georges.
Barrett, famous for his betting battles with the late Kerry Packer, died in 2011 being absent from his Randwick racetrack stand for only the last few weeks of his life.
He begun on the flat at Randwick in 1972, and by the early 1990s, Barrett had an annual turnover of about $100 million, bolstered by the combative media tycoon Kerry Packer's passion for the punt.
"One day during the Easter carnival in that big year I held $9.6 million," he once let slip to Richard Zacariah, the then Sunday Telegraph columnist.
Barrett also briefly hit the front pages after he bought Sydney's most conspicuous waterfront mansion, Altona, in 1991 through Bill Bridges at W. J. Bridges Real Estate for $6.1 million. 
He thought he got a good buy, though Pat jestingly thought he was off his trolley.
Within a year the Barrett's decided to stay at the Strathfield house they'd bought 17 years prior for $112,000, and Altona was on-sold for $5.25 million to Matt and Fiona Handbury, publishers of Better Homes and Gardens.
Altona had 10 bedrooms and 10 bathrooms, although Harry never occupied Altona but rather, he and his family - while still living at Strathfield - stayed in the boatshed at weekends.
"I'm a very basic guy - it was just too big," Barrett told me on selling Altona.
Rival bookmaker Mark Read once accused Barrett of wearing the same tie for 20 years, with Barrett countering: "I've only got one neck."
The current Strathfield residential record stands at $8.8 million for a Chalmers Road, Strathfield property owned by Sanity boss Ray Itaoui which was sold by George Ellis &amp; Co.
It was on the former holding - then known as the White House - long owned by famous Bullen Circus Family.
West Australian miner Andrew Forrest paid $5.98 million to buy his Sydney base in Quay Grand on Macquarie Street.
It was bought from Strathfield Car Radios chief Andrew Kelly and his wife, Marol, who had Garth Barnett fit out the apartment.
They paid $3.6 million after the block's completion in 1999.
This article was first published in The Sunday Telegraph. 
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Late bookie Harry Barrett's Strathfield home listed

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A four bedroom Strathfield house has sold for $5.1 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-126313986">7 Torrington Road</a>, the 858 square metre property is situated on Strathfield’s Golden Mile.
It last sold in 1998 for $831,000.
It features a fully brick two level house with a versatile array of accommodations available.
<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/2017/10/08/7%20Torrington%20Road-2.jpg" alt="">
Formal and casual living spaces are featured on the property, including a lower level study.
A double lock up garage is available along with a rear shed and external laundry.
Strathfield station and amenities are less than eight minutes walk from the property.
The property was offered through Strathfield Partners agents Vanessa Kim and Sunny Nguyen.
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j.ballantyne1990-6AQqhLzZaK

Four bedroom Strathfield house sold for $5.1 million

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A four bedroom Strathfield house has sold for $5.5 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-126047034" target="_blank">73 Newton Road</a>, the 1416 sqm property was sold for the first time in 88 years.
It features 20 metres frontage with the potential to create a tennis court.
<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/2017/09/03/73%20Newton%20Road-2.jpg" alt="">
There are four bedrooms and two bathrooms as well as two kitchen and formal/informal living areas.
The property was offered through Joe Campisi of Devine Real Estate.
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Four bedroom Strathfield house sold for $5.5 million

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Price records have been set regularly for prestige mansions in Strathfield in recent months, with the latest listing by Sanity boss Ray Itaoui and his wife Rachel another possible contender.
They have listed their Frank Lloyd-Wright inspired mansion.
Set on 2,024 sqm and surrounded by lush gardens, the family entertainer with 780 sqm of indoor living has six bedrooms, five bathrooms and a central courtyard.
A fully equipped outdoor alfresco entertaining area overlooks a heated swimming pool and all weather flood lit tennis court.
Guest accommodation on the ground floor comes with an ensuite, home office and additional study, while the upstairs master suite comprises an ensuite, private balcony and dressing room.
The couple are off to Vaucluse where they paid $47.8 million for Carrara, the beachfront reserve property they bought from global financier Andrew Ipkendanz last year.
Spanning over 2000 sqm of internal living space, the three level harbourfront home has nine bedrooms, 10 bathrooms, an office, guest quarters, home theatre, his and hers changing rooms and a 20 metre swimming pool.
Georges Ellis &amp; Co Strathfield agent Joseph Georges has set a May 13 auction.
The current record stands at $8.41 million in an off-market last year. 
The suburb record that has been broken three time in the last 12 months. 
The $6.8 million suburb record, that had stood since 2014, was topped in May last year on Newton Road sold for $6,825,000 then again in September when a Llandilo Avenue home sold for $7.3 million.
The $8.41 million was for an Agnes Street home which sat a smaller parcel without a tennis court.
This article first appeared in the Sunday Telegraph.
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jrobinson-rf4aSBido9

Strathfield Frank Lloyd-Wright inspired mansion listed

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Symond Arcade, on Churchill Street, named after the father of Aussie Home loans founder John Symond – who built it – has sold to a private investor for $30 million or so.
Whispers suggests it could have gone as higher.
The <a href="https://www.commercialrealestate.com.au/property/12-14-churchill-avenue-strathfield-nsw-2135-2013436106">arcade</a> is located directly next to Strathfield Plaza.
The block of 12 shops and 14 offices next to Strathfield Plaza had been scheduled to go to auction on Tuesday.
But it was pulled at the last minute when the Freyer family accepted an offer – understood to be well over the $25 million reserve price.
It sold far in excess of that, so the owners were happy, listing agent Robert Pignataro of Strathfield Partners said.
Robert said the 3 per cent yield represented by the sale price was typical of yields in the Strathfield area, where retail investments were usually between 3 and 4 per cent.
The property currently has a net rental income of about $918,691, with tenants responsible for all outgoings.
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Strathfield's Symond Arcade sold for $30 million plus

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Strathfield Symond Arcade, a landmark building in Sydney's inner-west suburb of Strathfield, has been listed for sale through auction 28 March.
Located at <a href="https://www.realcommercial.com.au/property-land+development-nsw-strathfield-502317770" target="_blank">12-14 Churchill Avenue</a>, the 645 sqm property is in the heart of the suburb's commercial hub, very near to Strathfield Railway station.
It was built by Aussie John Symond's father.
The freestanding commercial building has frontage to Churchill Avenue.  
Featuring a ground level foyer with 12 retail shops and an upper level with 14 offices it has potential for future commercial/residential development opportunities subject to council approval. Its zoning is B3 - Commercial Core.
The property is offered through Strathfield Partners agents Harry Ahmad and Robert Pignataro.
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Strathfield's Symond Arcade listed for sale

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The weekend's top auction result was when an eight bedroom, English style Strathfield mansion fetched $7.3 million with five of the 12 registered bidders fighting it out to own the home.
The <a href="https://www.realestate.com.au/property-house-nsw-strathfield-123345238" target="_blank">2 Llandilo Avenue</a> (above) home last sold for $1.03 million.
The sale eclipsed a seven bedroom home at 47 Newton Rd, which sold for $6.825 million in May this year.
The home on the estate’s 2665 sq m holding had been custom built with 2500 tonnes of sandstone from Darling Harbour.
The buyers were an upsizing local family, Strathfield Partners agent Robert Pignataro advised.
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jchancellor-FAypfDUnLy

$7.3m Strathfield record residential house sale

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An eight-bedroom Strathfield house, listed with a price guide of $7 million, is tipped to fetch a record price.
Robert Pignataro Principal of Strathfield Partners auctioning 2 Llandilo Avenue next month.
The record had stood at $6.8 million at 23-25 Llandilo Avenue, Strathfield through Joseph Georges since 2014.
But $6.825 million was paid in May this year for a seven-bedroom home at 47 Newton Rd.
The house set for September 17 auction last traded in 1988 for $1.03 million.
It was built in 1967 on its 2665 sq m block.
Strathfield Partners advise it was custom built with 2500 tonnes of sandstone from Darling Harbour.
CoreLogic puts the current median house price in Strathfield at about $2.25 million.
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Strathfield eight bedroom home set to secure $7 million plus record

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The top sale for the week ending 21 August was a four bedroom home in the Sydney suburb of Strathfield, according to CoreLogic.
The home, 23 Newton Road Strathfield, sold for $6.8 million through Devine Real Estate, Strathfield.
 
Top 10 sales
23 Newton Road, Strathfield, NSW 4 bed, 3 bath, 3 car house $6,800,000 Devine Real Estate Strathfield 
12 Tutus Street, Balgowlah Heights, NSW 4 bed, 3 bath, 3 car house $4,870,000 LJ Hooker Lane Cove 
2/18 March Street, Bellevue Hill, NSW 3 bed, 4 bath, 2 car unit $4,451,000 Laing + Simmons Double Bay 
4/2 Walton Crescent, Abbotsford, NSW 4 bed, 3 bath, 2 car unit $3,890,000 PRB Real Estate Five Dock 
130 Edinburgh Road, Castlecrag, NSW 4 bed, 3 bath, 3 car house $3,600,000 Phillips Pantzer Donnelley Woolahra 
37 Claremont Avenue Malvern, Vic 4 bed, 3 bath, 2 car house $3,553,000 Marshall White Armadale 
9 Adderstone Avenue, North Sydney, NSW 3 bed, 2 bath, 2 car house $3,400,000 McGrath Estate Agents 
4 Milton Street, Chatswood, NSW 3 bed, 2 bath, 2 car house $3,300,000 Richardson &amp; Wrench Chatswood 
105 Albert Road, Strathfield, NSW 5 bed, 3 bath, 4 car house $3,320,000 Devine Real Estate Strathfield 
1 Milroy Avenue, Kensington, NSW 4 bed, 2 bath, 2 car house $3,150,000 Ballard Property Group Double Bay 
 
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jonathanchancellor-7SQnKwU6yx

Strathfield, Sydney trophy leads top 10 sales: CoreLogic

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A Strathfield home sold for $6.825 million last month, setting a new sales record for the suburb. 
The three-storey property at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-122511746" target="_blank">47 Newton Road</a> has seven bedrooms, six bathrooms, six balconies, home office, basement wine cellar, gymnasium and home theatre.
Reminiscent of a holiday resort, the outside features a contemporary heated pool, waterfall, spa, outdoor terrace and championship size tennis court which are surrounded by Peter Fudge landscaped gardens. 
There's even a built-in aquarium.
Greg Emerton and Aaron Papadimatos at Devine Real Estate sold the home which sits on an elevated block of 1,416 sqm.
The median house price for Strathfield is $2,225,000 according to CoreLogic RP Data. 
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