Point Piper hosts Australia’s priciest apartments: CoreLogic

Sydney's Point Piper boasts Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report.

Point Piper
Point Piper

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.

“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.”

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.

Point Piper hosts Australia’s priciest apartments: CoreLogic
Top performing capital city suburbs. Source: CoreLogic

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.

Point Piper hosts Australia’s priciest apartments: CoreLogic
Top performing capital city suburbs. Source: CoreLogic

Here are two luxury apartments you can secure in Sydney’s high-performing eastern suburbs

1. Marmont, Double Bay
Address: 219 New South Head Road, Double Bay NSW 2028
Two-bedroom apartments from $2,595,000

Point Piper hosts Australia’s priciest apartments: CoreLogic

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. Dusk, Rose Bay
Address: 625-627 Old South Head Road, Rose Bay NSW 2029
Two-bedroom apartments from $1,795,000

Point Piper hosts Australia’s priciest apartments: CoreLogic

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.

Max Kwok

Max Kwok

Max Kwok is a staff contributor at urban.com.au. Based in Sydney, Max has previously worked at Property Observer where he specialised in content creation and editorial research.

Tags: 
Sydney Point Piper Apartments Corelogic

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