5 Most Expensive Properties Of 2021
The largest single-dwelling sales of the calendar year.
The largest single-dwelling sales of the calendar year.
Property prices across the nation have risen at unprecedented rates – including within the prestige property market. Sydney’s east continues to dominate the prestige market with four of three of the top five properties sold this year in the blue ribbon enclave of Point Piper.
See the full list below.
29A Wulnulla Road, Point Piper, Sydney, NSW: $37 million
What was one of the more ludicrous headlines of the year, a boatshed located in Sydney’s blue-ribbon enclave of Point piper was sold for just under $40 million, which, at the time of selling, became the most expensive property sold that year.
The two-storey boatshed is set on almost 2000sqm and is complete with a harbourside swimming pool on grounds and one of the largest private marina berths on Sydney Harbour.
More than a boatshed, it holds accommodation on the upper level and, importantly, a DA to convert the property into a house, recently approved by Woollahra Council.
1 Wingadal Place, Point Piper, Sydney, NSW: $40 million
Freight boss Terry Tzaneros purchased the five-bedroom home in the coveted suburb of Point Piper in April for a price between $38 and $40 million. It’s here that the home occupies one of only three absolute waterfront properties on Wingadal place.
Positioned on 961-square-metres of land, the home boasts alfresco terraces, two kitchens and a poolside studio/cabana alongside an expansive entertaining area set on grounds landscaped by Craig Burton.
The home offers elements of alluring modernism with a vaulted copper ceiling on the top level, while its opulent details cascade down to the waterline.
Wolseley Road, Point Piper, Sydney NSW: $40 million
Sydney Football Club chairman Scoot Barlow has sold his non-waterfront Point Piper home in April for around $40 million.
Nick O’Kane, an executive at Macquarie Bank purchased the home on his return to Australia.
Sat atop the hill at Wolseley Road with an aspect overlooking the water and Sydney harbour comes the striking, four-level residence.
Designed by renowned architects Tzannes and Associates, it’s a modern, alluring residence in Sydney’s dress circle.
21 Coppin Grove, Hawthorn, Melbourne, VIC: $40.5 million
Former Australia Post boss Ahmed Fahour sold his Hawthorn mansion in July. The price making it the second-highest ever paid for a residential property in Melbourne.
The standout home, known as Invergowrie was listed in 2018 – with Marshall White’s Marcus Chiminella.
Set on a massive 1.1 hectare block, the home offers five bedrooms and a three-bedroom brick guest house, a bluestone two-bedroom cottage and a hall that double as a gym.
The main homestead is two-storey and is defined by its distinctive colonial-goth architecture. It’s here that the property offers 15 separate rooms and is surrounded by sweeping lawns and gardens, dotted with mature trees.
Level 43/163 Castlereagh Street, Sydney, NSW: $60 million
Much has already been written about the Boyd Residence. The grand, lavish, award-winning penthouse sits some 180-metres above street level offering. 2395sqm in the heart of the CBD.
Spread across three levels comes 4-bedroom, 5-bathrooms and 2 car parking. Inside sees unprecedented levels of privacy and opulence, with 24-hour security.
Accessed via private lift, it opens to a glass wall with built-in champagne storage. Elsewhere a sleek fireplace, multiple seating groupings and walls of glass take in the panorama of the city.
The property was purchased by Ian Malouf, founder of waste management business dial-a-dump who also purchased a $30 million double bay pad and $20 million northern beaches holiday home this year.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
There’s money to be made in the property market — if you know where to look.
If you’re a first homebuyer, owner/occupier or investor, you might feel that the property market is slim pickings in some of your favourite city suburbs. Either there’s no supply or the reserve is well above your budget threshold. However, for those property-savvy individuals prepared to look harder, there’s a growing number of suburbs in Australia’s major cities that are proving to be great investment opportunities…
—…you just need to know where to find them.
Independently-owned real estate agency, Little Real Estate, has released its annual report for the best Australian suburbs for investing. Investors searching for affordability, cash flow, and capital growth potential are being encouraged to consider regional locations, including four in Queensland.
“In 2024, we anticipate a surge in property prices fuelled by the relentless demand for housing outpacing the available supply,” says Little Real Estate executive general manager of sales, James Kirkland. “An exceptionally strong rental market, coupled with a shortage of housing, continues to exert upward pressure on house prices nationwide.”
Real estate analyst Hotspotting’s National Top 10 Positive Cashflow Hotspots echoes the findings of Little Real Estate’s annual report. Its analysis found that Queensland locations showed exponential capital growth, with the Sunshine State securing half of the top 10 locations.
“Cash flow has become increasingly important over the past two years, given the much higher mortgage repayments in play,” says Hotspotting director, Terry Ryder. “It is imperative that investors seek out areas that also offer capital growth prospects, often due to their booming local economies across a diverse range of industries.”
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It depends! According to Little Real Estate, in 2024, the Sydney suburbs of Wiley Park and Kensington come out on top, along with Caloundra West and Southport in South East Queensland, and Carlton and Moonee Ponds in Melbourne.
The property market is certainly inflated in Sydney in comparison to other states but investors can still find some gems in certain pockets of the city. Take Penrith, for example. According to REA data, the average cost of a unit in Penrith costs $540,000, with a rental yield of 4.3%.
It’s hard to go past Queensland as one of Australia’s best states for investment properties. With four out of ten suburbs in Queensland appearing in Little Real Estate’s annual report—including Southport, Caloundra West, Coomera and Bulimba—Queensland and its surrounding suburbs, typically regional, are presenting as great investment opportunities.
“Whether you’re an investor, a family looking for a new home, or a professional seeking the ideal work-life balance, these suburbs are the ones to watch for growth and potential in the upcoming year,” says Kirkland.
According to Smart Property Investment, the fastest growing suburb in Australia is Chelmer, Queensland – a south-western suburb in the city of Brisbane, with a quarterly price growth of 29.33 per ent. This is followed closely by Frenchs Forrest in NSW, and Greenmount in Queensland.
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
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