$16 million plus Point Piper apartment sale

Point Piper is the priciest suburb for apartments across Australia
$16 million plus Point Piper apartment sale
Jonathan ChancellorFebruary 28, 2021

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.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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