Living the dream with the world’s best harbour at your feet
Luxury living reaches new heights in this harbourside penthouse
2 min
There are luxury residences and then there is 81.01/1A Barangaroo Avenue. This world class penthouse with 360 degrees of Sydney Harbour offers an extraordinary opportunity to enjoy the best the Emerald City has to offer without compromising on space or amenity.
Set across two full floors and spanning over 800sqm, this lavish residence on offer through Black Diamondz enjoys uninterrupted views of the harbour across to Darling Harbour and the Blue Mountains to the west, and the glittering Pacific Ocean to the east.
Perched 245 metres above sea level and a mere 30 metres from the harbour’s edge, this sumptuous residence offers exceptional connectivity to the best Sydney has to offer with abundant living space indoors and out.
Unsurpassed Amenities
The floorplan includes five light-filled bedrooms each with ensuite bathrooms, as well as a lavish master suite complete with walk-in robes, twin rain shower, and steam room that gives new meaning to the word ‘indulgence’. The penthouse offers multiple generous living spaces as well as a spacious home office with commanding views of the harbour. Health and leisure features include a private plunge pool, cinema room, and gym. There is also more than 50sqm of outdoor living space spread across three protected balconies, connected by a feature staircase and a private internal lift that opens to a galleried second floor.
Architectural and Design Marvel
Designed by award-winning architect WilkinsonEyre, Crown Sydney’s striking sculptural form means each residence is unique in size and layout. Inside the penthouse, Meyer Davis Studio Interiors has crafted an interior space that is nothing short of jaw dropping in a quietly sophisticated neutral palette with detailed, bespoke joinery, herringbone flooring and stylish floor-to-ceiling drapery. Six metre-high floor-to-ceiling windows flood the space with natural light while offering panoramic vistas that are nothing short of sublime.
Full Access to Hotel Luxuries
What truly sets this penthouse apart is its full integration with the Crown Sydney hotel below. Residents enjoy complete access to hotel services, including a 24-hour concierge, valet parking, housekeeping, and in-room dining services from Crown’s esteemed chefs. Additionally, residents have exclusive access to two pools, a state-of-the-art gym, a six-star day spa, and a tennis court.
“With this Penthouse, we have unquestionably set a new standard for residential living not just in Sydney, but globally,” said the spokesperson for Crown Residences. “It’s more than a home; it’s a once-in-a-lifetime opportunity for those who demand the absolute best.”
The Crown Residences at One Barangaroo Penthouse is available for immediate occupancy.
For more information, visit Crown Residences at One Barangaroo.
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New research shows a widening divide across Australia and New Zealand’s property markets, with investors increasingly forced to look beyond traditional strongholds to find real returns.
3 min
By any traditional measure, Australia’s property market should be moving in sync. Instead, it is fragmenting.
New research from MaxCap, led by Head of Research Bruce Wan, paints a picture of a market no longer defined by national trends, but by sharp regional divergence, where performance gaps between cities are widening, and the smartest capital is moving accordingly.
At the top end of the ladder, Perth and southeast Queensland are surging ahead. At the other, Melbourne and Auckland are only just beginning to recover from recent downturns. And sitting squarely in the middle is Sydney, steady but constrained.
The takeaway is clear: the era of relying on headline markets is over.
The rise of the unexpected leaders
Brisbane and the broader southeast Queensland region have emerged as standout performers, driven by population growth, infrastructure investment and a sustained undersupply of housing.
According to the report, housing values in the region have continued to accelerate, supported by long-term tailwinds including the 2032 Olympic Games and a decade of relatively subdued price growth prior.
Perth is telling a similar story, albeit for different reasons. Once heavily tied to commodity cycles, the Western Australian capital is now benefiting from a broader base of economic drivers, including defence spending and sustained resource sector strength.
The result is a housing market that remains one of the strongest in the country, even as price growth begins to ease from its peak.
Sydney holds, but doesn’t lead
For Sydney, the story is more nuanced.
While prices continue to climb and the city remains Australia’s most expensive market, affordability constraints are clearly limiting its pace. Residential growth, while positive, lags behind smaller capitals, and commercial sectors are being held back by softer demand in key industries.
There are, however, signs of momentum building. New infrastructure, including the western Sydney Airport and expanded rail networks, is expected to unlock development opportunities and support future growth, particularly in emerging precincts.
Still, the report positions Sydney firmly in the “middle of the pack”, no longer the automatic frontrunner for investors.
Melbourne’s slow reset
Melbourne, once a consistent performer, has spent recent years recalibrating.
Extended lockdowns, combined with new state property taxes, have weighed heavily on investor sentiment and pricing, particularly across the commercial office sector. Residential values have also underperformed, though for different structural reasons.
Now, there are early signs of recovery.
Improved affordability, population growth and a stabilising economic backdrop are beginning to draw buyers back into the market, with both residential and commercial sectors showing tentative signs of improvement.
Auckland’s turning point
Across the Tasman, Auckland has faced its own challenges, particularly from an outflow of younger workers to Australia, which has dampened demand and stalled price growth.
But here too, the tide appears to be shifting.
A return to positive migration, lower interest rates and policy changes — including the easing of foreign buyer restrictions — are expected to support a gradual recovery, alongside renewed interest from offshore capital.
A market that rewards precision
If there is one unifying theme, it is this: broad-brush strategies no longer work.
MaxCap’s research highlights that the most compelling opportunities are increasingly found outside the traditional powerhouses of Sydney and Melbourne, requiring investors to take a more targeted, locally informed approach.
“Given these persistent performance gaps, there is plentiful scope for alpha returns, just by picking the right locations and market segments,” the report notes.
In other words, success in this market is no longer about being in property — it is about being in the right property, in the right place, at the right time.
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