Landmark harbourside residences unveiled in Rushcutters Bay
A boutique collection of architect-designed apartments overlooking Rushcutters Bay Park is set to redefine luxury inner-east living, with sales now underway ahead of completion in 2027.
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A new benchmark for boutique harbourside living is emerging in one of Sydney’s most tightly held inner-east locations, with the launch of The Rushcutters, a collection of just 13 luxury residences overlooking Rushcutters Bay Park.
Located at 55 Bayswater Road, the development has been created by the leading property group Third.i Group in partnership with NPACT, and designed by internationally recognised architecture studio Woods Bagot.
The project blends contemporary design with subtle references to the area’s Art Deco heritage, creating what is expected to become a landmark residential address.
Designed to appeal to buyers seeking both prestige and long-term liveability, the residences offer generous internal proportions more commonly associated with freestanding homes.
Expansive open-plan living areas flow seamlessly to large balconies, reinforcing the strong indoor-outdoor connection that defines the building’s architectural vision.
Many apartments are positioned to capture elevated outlooks across Rushcutters Bay Park, the Sydney skyline and the surrounding harbour landscape, enhancing the sense of privacy and connection to the waterfront setting.
A rooftop retreat is also planned as a private sanctuary for residents, providing panoramic views alongside curated spaces for relaxation and entertaining.
Beyond the building itself, the location is expected to be a major drawcard.
Residents will be just moments from the harbour foreshore and within walking distance of the vibrant dining, retail and cultural precinct of Potts Point, while still enjoying the tranquillity of parkside living.
The development targets established buyers, downsizers, and international purchasers seeking a prestigious Sydney base with proximity to the CBD and lifestyle connectivity to some of the city’s most desirable waterfront amenities.
With construction scheduled for completion in late 2027, sales are now underway for what is shaping up to be one of the inner east’s most anticipated new residential offerings.
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Australia’s median advertised rent has climbed to a record high, with every capital city recording quarterly price growth despite a slight lift in vacancy rates.
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Australia’s rental market has reached a new milestone, with national median advertised rents climbing to a record $670 per week in the June quarter as prices continued to rise across every capital city.
New data from realestate.com.au shows national rents increased 3.1 per cent over the quarter and 6.4 per cent over the past year, while capital city rents rose 2.2 per cent over the quarter to a median of $690 per week, up $10 from the March quarter.
REA Group economist Luc Redman said rental price growth had continued despite a small increase in vacancy rates.
“National median rents reached a new high in the June quarter, with widespread price growth across the capitals,” he said.
“The rent increases occurred despite a small increase in the rental vacancy rate over the same period.”
Melbourne and Perth recorded the strongest quarterly growth among the capitals, with rents increasing 3.5 per cent in each city. On an annual basis, Perth led the nation with rental growth of 10.3 per cent, followed by Hobart at 9.1 per cent and Darwin at 7.7 per cent.
Sydney remained Australia’s most expensive city for renters, with a median advertised rent of $800 per week, while Melbourne and Hobart were the most affordable capital cities at $600 per week.
Regional markets were more subdued, with rents holding steady over the quarter but remaining 5.3 per cent higher than a year ago, suggesting the rapid pace of growth outside the capitals has eased.
Mr Redman said the full impact of the Federal Budget’s changes to investor tax settings was yet to be seen.
“The May Federal Budget, which announced sweeping changes to investor tax settings, occurred in the middle of the quarter, so the full impact on the rental market is yet to be seen,” he said.
“While the vacancy rate has edged higher, the expected decrease in investor demand due to the budget’s tax changes could slow the pace of new supply, putting further pressure on rents.”
The report also found house rents continued to outpace units, rising 2.9 per cent across capital cities over the quarter compared with 1.5 per cent for units. Melbourne was the only capital where renting a unit was more expensive than renting a house, reflecting demand for well-located apartments.
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