Point Piper Trophy Home Market Fires Up With Second $85 Million-Plus Listing
3 min
Point Piper’s tightly held trophy-home market is beginning to stir.
Only days after Radford in Point Piper arrived with an $85 million price guide, one of the peninsula’s best-known waterfront estates has returned to the market.
Set directly above Lady Martins Beach at 16 Longworth Avenue, Deauville occupies one of the rare positions where the boundary between private residence and Sydney Harbour feels almost indistinguishable.
The property’s north-easterly orientation opens it towards the harbour, with views stretching across the water towards Sydney Heads. More importantly, its beachfront setting offers direct access to the harbour from the lower reaches of the estate — an attribute that places it within Point Piper’s most tightly held category of homes.
Deauville has long been associated with the Mediterranean architecture of the French Riviera. Its pale exterior, deep terraces and arched openings give the house a distinctly European presence, while its progression down towards the water is characteristic of Sydney’s great harbour estates.
The residence was originally built around 1935 and has undergone extensive alterations during its long history. A major rebuilding program commissioned during the 2010s substantially reconsidered the four-level property, with approved plans including a new pool, larger garaging, landscaped grounds and a new boatshed.
Earlier plans also involved landscaping by celebrated garden designer Paul Bangay.
The result is a home in which its historic Mediterranean character is paired with the scale, amenity and infrastructure expected of a contemporary Point Piper residence.
At the centre of the property is a sequence of formal and informal living spaces oriented towards the harbour. The progression from the principal rooms to terraces, gardens and the waterfront gives Deauville the relaxed rhythm of a European coastal villa, despite its location only kilometres from Sydney’s CBD.
Accommodation is arranged across multiple levels, creating separation between private bedroom quarters, entertaining rooms and the lower waterfront spaces. The home’s elevation allows harbour views to remain present throughout much of the interior, while the lower level establishes a more direct connection with the beach and water.
The waterfront position is complemented by a swimming pool and boatshed, allowing the property to function as both a substantial family residence and a base for life on Sydney Harbour.
Lady Martins Beach is one of Point Piper’s most discreet stretches of shoreline. The Royal Prince Edward Yacht Club and Royal Motor Yacht Club are nearby, reinforcing the neighbourhood’s unusually close relationship with sailing and boating.
Deauville also carries a notable ownership and sales history.
The property sold for $13.5 million in 2012, when it was marketed as a five-bedroom Mediterranean-inspired home on approximately 800 square metres. It was subsequently acquired during a major rebuilding program by luxury-car importer and yachtsman Neville Crichton.
Contemporary reports placed that 2017 transaction at $39 million, although some coverage cited a value of approximately $45 million for the completed residence. Given the private nature of Point Piper transactions, both figures have appeared regularly in accounts of the sale.
That history places Deauville among a small group of Sydney homes whose value cannot be understood solely through bedroom numbers or land area. Direct waterfront access, orientation, harbour frontage and the scarcity of comparable properties carry far greater weight.
Point Piper contains only a few hundred homes and records remarkably little turnover. Cotality placed its median house value at more than $17 million in early 2026, although that figure tells only part of the story. Waterfront estates occupy a market of their own, with landmark sales reaching up to $130 million in recent years.
Fact box
- Property: Deauville
- Address: 16 Longworth Avenue, Point Piper, NSW
- Position: Directly on Lady Martins Beach
- Orientation: North-east
- Land: Around 800 sqm
- Residence: Multi-level Mediterranean-inspired waterfront home
- Key features: Harbour views, swimming pool, landscaped grounds, boatshed, garaging and direct beach access
- Previous sale: Reported at $39 million in 2017, with some contemporary reports citing approximately $45 million upon completion
- Current campaign: Ken Jacobs, Forbes Global Properties
- Price: $85m – $90m
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A new study models a potential $80.6 billion lift in Australian GDP after a decade, as national testing shows a decline in Year 10 digital literacy.
2 min
Australia trails Singapore and Malta in a new Commonwealth index, while national testing shows fewer than four in 10 Year 10 students meet the standard for digital literacy.
Australia has ranked third among 56 Commonwealth countries for youth AI readiness, with researchers estimating that artificial intelligence could lift the level of Australian GDP by $80.6 billion after a decade under their middle scenario.
The Ayre Think Tank released the index at the Commonwealth Heads of Government Meeting in Antigua and Barbuda. Australia scored 71 out of 100, behind Singapore on 77.6 and Malta on 75. The United Kingdom followed closely on 70.8, with Canada fifth on 70.2. Only 15 countries reached the study’s benchmark of 53.
What the $80.6 billion figure measures
The researchers applied International Monetary Fund estimates for broad groups of economies to Australia’s 2025 GDP. The resulting scenarios put the potential lift in Australian GDP after 10 years at between $40.9 billion and $120.3 billion, with $80.6 billion representing the midpoint.
The figures describe how much larger the economy could be at the end of the period under each scenario. They represent a change in the level of GDP in year 10.
Digital literacy falls as schools roll out AI tools
Australia scored 8.7 out of 10 for access to technology and 7.5 for digital, data, media and AI capability. Separate national testing found that 37 per cent of Year 10 students met the proficient standard for information and communications technology literacy in 2025, down from 46 per cent in 2022. About one in 10 students reported receiving substantial teaching on AI-related tasks. National assessment results
The report points to two state initiatives aimed at building those skills. Queensland began rolling out an AI education platform in state schools in 2026, while Victoria introduced free specialist training for workers looking to develop AI skills or move into related roles.
The index draws on 1,128 sources and examines the conditions facing people aged 15 to 29, including access to technology, education and pathways into work. Australia had usable data for 76 of the 102 indicators used in the rankings. The researchers found too little comparable evidence to score an eighth area covering critical judgement and people’s ability to exercise control over AI systems.
Professor C. Justin Robinson, campus principal of the University of the West Indies’ Five Islands Campus, said young people should be equipped to question and improve AI tools and supported in building alternatives suited to their needs.
The report calls for affordable access to technology, more practical education and stronger links between training, employment and entrepreneurship. It also urges governments and educators to support AI tools suited to local languages and give young people ways to challenge automated decisions.
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