2021 was a golden year for the Sydney Eastern Suburbs property market. Whilst the softening of last year’s gains is felt in the general and premium market,the luxury market operates differently. It is less sensitive to interest rate rises and buyers’ sentiment.
The luxury market continues to dominate news headlines with the sales of 3 Lindsay Avenue, Darling Point, with a reported $65M sale price. The sale of a non-waterfront mansion for $62M in Wentworth Road Vaucluse, also made the top 10 on record.
The most recent trophy home sale was “Akuna”, in Point Piper, for a reported $45M, in early May 2022.
Additionally, Rose Bay saw a $29M waterfront home sale in February 2022 and highly regarded suburbs such as Centennial Park ($20.5M), Bronte ($17.7M), Dover Heights ($14.5M) and Paddington ($12M) have all seen new record heights reached in 2022.
2021 sales in Waverley and Woollahra, above 10 million;
163 sales above $10 Million plus
126 sales between $10 Million to 20 Million
26 20 Million to $30 Million
