This article is from the Australian Property Journal archive
A POINT Piper estate has expectations of a $100 million record breaking sale price, as luxury residential prices soar across Sydney’s most prized pockets.
Rockleigh, a 1,284sqm estate on Wolseley Road was purchased by Philip and Valmae Rundle in 1978 for $325,000 and would be the highest Sydney sale price in two years if the sale price approached the $100 million mark.
That would make Rockleigh the top sale for 2023 ahead of the $76 million federation estate, Leura, in Bellevue Hill.
This comes just after the $80 million sale of Boomerang, a Spanish Mission mansion which featured in Mission Impossible 2.
Boomerang was the first house to officially pass a $1 million sale price in 1978, set a record in 2002 at $20.7 million before failing to sell in 2017 and 2021.
Last week, Knight Frank’s latest Wealth Report revealed 43sqm of Sydney real estate would cost you US$1 million in 2023. With Sydney seeing 2.7% growth in luxury residential property prices in the group’s latest Prime International Residential Index.
The world’s rich and famous continue to feel the pull towards Sydney, with rumours suggesting Grammy award winning musician Elton John is buying a home down under, after his manager was spotted at an inspection of Kurraba Residences in Kurraba Point.
The new $170 million luxury building, developed by Third.i Group, comprises 24 largely sold apartments and yet to be picked up penthouse with the bonus of $1.5 million of furniture and art.
