Paragon of Pyrmont: the opulent terrace estate ticking all the boxes for inner-city buyers

Take a walk down the back streets of any inner Sydney suburb, and you’re likely to come across rows of 19th-century terrace homes embellished with ornate iron lace.

In their original state, these houses tended to be dark, poky places that lacked the natural light, cross breezes, and easy flowing layouts demanded of 21st-century architecture. Outdoor spaces, if there were any, were often no more than a skinny balcony and tiny courtyard.

In Pyrmont, the once-gritty industrial hub turned fashionable harbourside neighbourhood, a new collection of homes is putting a luxurious contemporary spin on the historic terrace form.

IMG_1021_osbyev
The terraces are especially popular with downsizers. Photo: Supplied

Paragon of Pyrmont by developer Third.i is a collection of 33 apartments and terrace homes, of which fewer than 10 terraces are still available off the plan. The newly completed terraces offer modern multistorey living with lift access from basement garages to all four levels, as well as private landscaped rooftop entertaining areas with sleek outdoor kitchens.

SJB’s architecture draws on the rich heritage of Pyrmont, which is still dotted with reminders of the wharves, sandstone quarries, factories and wool stores that once thrummed with life on the south-west fringe of the CBD.

Architect Adam Haddow, a director at SJB, says the homes fit with the rhythm of the streetscape without trying to be “historical”.

“You get the rhythm of a terrace house, with that small-scale repetitive nature, but this builds on it in a contemporary way,” he says. “One of the negatives about old terraces is that they are pretty dark, with small windows. Here, you have the inverse, with a really great opportunity for light and ventilation and operability of windows.”

Though the homes are not designed specifically for downsizers, they embrace many qualities prized by older buyers moving out of large family homes. The palette of materials, for example, is unashamedly high-end without pushing the envelope in terms of drama or edginess.

Paragon_of_Pyrmont_Low_Bedroom_2_rxmpqh
Fewer than 10 terrace homes are still available due to high demand. Photo: Supplied

From the outside, bronze mesh screens and copper surfaces shimmer against the lush greenery of the common areas and a new public walkway that runs between the buildings. The interior architecture is designed with double-height voids, setback slabs, and skylights to ensure daylight penetrates the living spaces.

“There’s beautiful marble in the bathrooms, stone floors in the entries and timber floors in the living rooms,” Haddow says. “It’s a very quiet palette that gives people an opportunity to move in with their furniture, without it clashing. We made the interiors really calm so that when you step inside, there’s a change from the energy of the street.”

Private lift access to each level makes the terraces a viable long-term option for downsizers with mobility issues now or in the future. Elegant spiral staircases add a sculptural flourish.

Residents have some flexibility in how the layout can be used. Owners may choose to turn the entry level into a home office, for example, or guest accommodation.

“If a downsizer is still doing some work, they can have a study on one level and live on the other levels. It’s connected to the house, but it still feels like its own space,” Haddow says. “Equally, if older kids or family friends come to stay, they can be on a different level, so it doesn’t feel like you’re living with them but adjacent to them.”

For empty-nesters anxious about farewelling a sense of space, Paragon of Pyrmont offers much to soothe the nerves. En suites feature decadent free-standing baths. Each bedroom has built-in wardrobes. There are wine cellars in the oversized garages and wine fridges upstairs.

108_Miller_Street_Paragon_Full_3_nn5mjx
The internal configuration of the terraces are flexible. Photo: Supplied

Third.i  has a reputation for harnessing new technology in its projects (Iconic Apartments Waterloo, The Gentry Alexandria, Kurraba Residences at Kurraba Point). Paragon of Pyrmont is no exception, incorporating Tesla Powerwall batteries and home automation, allowing owners to control lights, blinds, security, access and airconditioning remotely.

For Haddow, the loveliest aspects of the new residences are the private roof terraces, complete with hydraulic watering systems for lock-up-and-leave convenience.

“Being able to be up there amongst this garden is pretty unique in the city,” he says. “I’ve got a rooftop garden, and it’s really fantastic to feel connected to the landscape.”

When Third.i enlisted the design smarts of SJB architects and Richards Stanisich interior designers five years ago; they had no way of knowing a once-in-a-century pandemic was just around the corner.

Luke Berry, Third.i’s director of sales and marketing, says feedback from buyers is that terrace homes offer the kind of separation between spaces that’s ideal for the new normal.

“We had no idea about COVID or the impacts of working from home or lockdown living,” Berry says, “but the feedback we’re getting is that families can spread themselves out across three or four floors, including that private rooftop where you can go and get great sun and good elevation. For inner-city living, it ticks every box.”

0473_Paragon_1082_rldewf
The exterior of the development gives a nod to the suburb’s traditional terrace rows. Photo: Supplied

Beyond the Paragon of Pyrmont precinct boundary, the gentrified neighbourhood is spoilt for choice with dining and entertainment options, from hole-in-the-wall cafes to posh pubs and fine dining. The casino’s dizzying array of entertainment and food options is two blocks away.

It takes less than 20 minutes to walk across Pyrmont Bridge to the Queen Victoria Building and Pitt Street Mall. Chinatown, Darling Harbour and Barangaroo’s buzzy new bars and restaurants are also within easy reach.

On the opposite side of Pyrmont, the Sydney Fish Market has been earmarked for a glamorous revamp that will introduce new open spaces and pave the way for a waterfront path from Blackwattle Bay all the way to Woolloomooloo.

Berry says the terraces and apartments have appealed to downsizers from around Sydney, as well as younger professionals and people who love inner-city living. The future Pyrmont metro station is another big drawcard.

“The area is really coming to life.”

https://www.domain.com.au/news/paragon-of-pyrmont-1081278/

Newcastle median sale price up …

Newcastle median sale price up 7.4 per cent in three months with Sydney buyers behind rise

Newcastle house prices are growing at a rate of $2000 each week as NSW’s second largest city experiences one of its strongest property booms yet.

Unprecedented price growth is being driven by a shortage of stock, low interest rates, housing demand in coastal communities and Sydney buyers.

Real estate agents and developers are reporting “incredible” demand for property from Sydney buyers who have been priced out of their market and are also searching for a better lifestyle.

This has seen the Newcastle median house sale price grow 7.4 per cent in the past three months to $690,000 — or about $2300 per week.

The median sale price for houses in Newcastle is $690,000 and $540,000 for apartments.


Apartments have grown 6.9 per cent in the previous three months to $540,000, according to realestate.com.au.

Ray White Newcastle principal Darren Penn said the market had been “ridiculous” in the past three months with March having the highest buyer activity he had ever seen.

“We had a 250-300 per cent increase in our sales volume than a typical March,” he said.

Mr Penn said while Sydney buyers remain active, they had dropped off slightly due to many

frustrated with Newcastle’s surging house prices.

“Sydney buyers really have no one else to blame for the surge in house prices but themselves as they are bringing in a lot of money,” he said.

The Ray White principal said he expected the coming months to be favourable towards sellers because there were under 800 properties on the market in Newcastle — 400 fewer than last year.

Real Estate

Thirdi Group’s upcoming Stella development has been very popular with Sydney buyers.


“This has seen many buyers look towards developments as there is not enough stock to go around,” he said.

Developer Thirdi Group saw lots of Sydney buyers purchase in their Eaton and the nearly completed Stella developments in Wickham. The group’s director of sales marketing Luke Berry said Sydney buyers were fed up with paying a lot to live on the city fringes.

“Newcastle is appealing because it is not just cheaper but also allows them to get a brand new apartment in the inner city near the beach,” he said.

“We’ve had buyers renting old two-bedroom units in Bondi for $1500 per week and are relocating to a brand new three-bedder for half the price.”

Mr Berry said there has always a trend of people leaving Sydney for more affordable areas, but has been sped up by Covid-19.

Real Estate

The Stella development is due to open in the coming months.

“The ability to work from home has made Newcastle a great location as Sydney buyers can work remotely for most of the week and commute by train for a day or two,” he said.

Mr Berry said the majority of buyers relocating from Sydney had been young families and first homebuyers, but added there had been a trend of parents also following their kids to Newcastle.

This trend will see Thirdi look to target both demographics with their new Dairyfarmers project in Wickham and an over 55s development at Merewether Golf Course that will launch in the coming months.

“We are designing these products to be attractive to Sydney buyers,” Mr Berry said.

Real Estate

Former Sydney resident Anthony Wood recently moved into Thirdi’s Eaton on Union development at the end of last year.


“Dairyfarmers will have high quality finishes and also spaces that will allow buyers to work remotely.”

Former Sydney resident Anthony Wood and his family moved to Thirdi’s Eaton development in Wickham last December after being priced out of the Sydney housing market and craving a better lifestyle.

“Our move to Newcastle has seen us get significantly more bang for our buck,” he said.

“We’ve also been able to achieve a lifestyle similar to North Narrabeen on the northern beaches.”

Mr Wood added the dream of owning their own property combined with living on the beach and near the city made the move worth it.

See full article here

‘Stella’ Views Emerge

AS THE scaffolding comes down from the Stella apartments in Wickham, developer Thirdi Group is turning its attention to the final piece of its West End precinct puzzle. The Stella on Hannell complex, which the Newcastle Herald toured on Tuesday, is the company’s third development in the suburb. It is two months off completion. Construction started in early 2018 and despite the impact of COVID-19, has pressed ahead with little delay. More than 1000 people have worked on the project. The development’s presence in the skyline and external look is slowly being revealed as scaffolding is taken from the upper levels, as are sweeping harbour and city views. Stella on Hannell features two 14-storey towers with a mix of one, two and three-bedroom units. Only 16 of the 149 apartments remain unsold and are expected to be snapped up over coming weeks. Thirdi director Luke Berry said more Novocastrians had bought into Stella than the group’s past projects.

“More local downsizes and local investors are buying into our developments than when we first started,” he said. “When we first came to town, it was predominantly out-of-town investors under- pinning the sales. “This time round we’re more established, we’ve got a track record and reputation, and there is an appetite for apartment living that wasn’t here seven or eight years ago. At the moment it’s probably 60:40, owner-occupiers to investors, where it was the other way around before.” The two and three-bedroom apartments left vary from between $660,000 to more than $1.2 million. Architect Luke Mahaffey said constructing two towers rather than one allowed more sight lines of the harbour from nearby buildings to be maintained. “Breaking it into two towers provides not only benefits and a level of amenity for residents here, but it also helps with the character of the area and you’ve still got views from … surrounding developments,” he said.

Thirdi Group has previously built the West and Eaton on Union apartments, which along with Stella form part of the company’s four-development West End precinct. The ‘T’ of W.E.S.T will be a development on the former Dairy Farmers Corner site in nearby Newcastle West. Mr Berry said those plans were being drafted and a development application would be lodged in June. The yet-to-be-named development would “bookend” the area, he said, given the site is at the western end of a stretch of properties where buildings can rise 90 metres.

https://www.newcastleherald.com.au/story/7169299/stella-views-from-this-new-development-at-wickham/

Exclusive living at Sydney Harbour

The Kurraba Residences located on the harbour in Sydney, are impressive residences that offer a unique and luxurious living environment. The interiors of the penthouses and residences were designed by Mathieson Architects and exude luxury, elegance, modernity and openness.

We have already written blogs and articles about the impressive projects of Mathieson Architects. In our summer edition of 2020 you could read more about the spectacular Costa Brava villa. Today we take you through the penthouse and flats of the Kurraba Residences in which Mathieson’s typical and most important characteristics such as openness, modernity, proportion and light are central.

With the right use of light, proportions, materials and handcrafted details, a sense of understated luxury is created

Kurraba Residences is a collection of luxury boutique residences on Sydney Harbour at Kurraba Point developed by Thirdi Group. Consisting of residences and penthouses, these homes offer a unique and majestic living environment. Mathieson Architects provided the interior design, which was visualised by LAAN Studios. Luke Berry of property developer Thirdi Group commissioned Mathieson to design, among other things, a penthouse of international allure and to take advantage of the spectacular views of the city and port. The penthouse is about 430 m2 in size and runs over two levels.

With the right use of light, proportions, materials and handcrafted details, a sense of understated luxury is created – in both the penthouse and the other residences. The unique experience begins when you enter the private lobby with lift. At this entrance level, there is a formal living and dining room, kitchen and butler’s pantry. The private area includes a sitting room with fireplace, library and wine cellar. The private living quarters are generous to say the least, with a 250 m2 private garden terrace and pool with spectacular views. This level is connected to the private bedroom level by a large stone staircase and lift. Here you will find four bedrooms, each with its own dressing room and ensuite bathroom. The master bedroom is one of the most impressive and beautiful rooms in the penthouse. It is located in a vaulted glass room. The adjoining dressing room has glass cabinets and the ensuite marble bathroom has a sculptural bathtub.

The homes were given a contemporary look with lots of light and open spaces that flow into one another. A feeling of space, cosiness and exclusivity is central and is enhanced by a modern and luxurious interior design with quality materials and both sober and interesting colour combinations. ‘These homes are designed as the ultimate entertainers; a place that brings people together with seamless transitions to alfresco terraces overlooking the shimmering water. They represent everything that is best about exclusive living at Kurraba Point,’ we hear. Kurraba Residences is a true architectural and exclusive masterpiece.

https://imagicasa.be/en/story/exclusive-living-at-sydney-harbour

10 developers to watch in NSW in 2021

8. Thirdi Group

Well-known for delivering large-scale residential projects in Sydney and Newcastle, Thirdi Group has become one of Australia’s leading property development firms.

With a development pipeline exceeding $500 million, Thirdi has established its place on this list as a recognised industry leader.

The group’s experience in delivering beautiful homes and investment properties are key reasons for their ongoing success.

Among these projects is the harbourfront development, Kurraba Residences, which launched last November.

 10 developers to watch in NSW in 2021

The $170 million development, designed by SJB Architects and Mathieson Architects paid homage to the classic 1920s apartment buildings on the Kurraba Point headland, with views of Sydney Opera House and the Botanical Gardens.

In another collaboration with SJB, Thirdi will complete construction on their Mount StreetResidences development in Pyrmont next month. Following the success of their Paragon at Pyrmont project, Mount St will offer five timeless inner-city four-bedroom homes with floor-to-ceiling glazing, a two-car garage and a sophisticated design.

 

https://www.urban.com.au/news/nsw/10-developers-to-watch-in-nsw-in-2021?utm_source=vero&utm_medium=email&utm_content=control&utm_campaign=Januar

Luxury Apartments Property agencies, agents & Advisors

page2image1574661024

 

 

 

LUXURY APARTMENTS

KURRABA RESIDENCES PENTHOUSE, KURRABA POINT, SYDNEY
It’s pretty simple — this is a new architectural icon of Sydney Harbour. And the literal crowning glory here — and a standout 2020 PFI Award Winner — is the Kurraba Residences’ penthouse (see left). Wrapped by alluring brick curves and ‘impossible’ views that spill across and along the harbour – taking in CBD, Opera House, Harbour Bridge, more – this is a case where the marketing speak isn’t over zealous in its selling, because this is a once in a generation build.
Developed by Thirdi Group, the 430sqm, two-storey penthouse is serviced by private lift, bespoke, luxury appointed finishes throughout and inclusive of 4-bedrooms, 2.5 bathrooms, steam room, wine cellar, private gym, six-car garage and an infinity pool that is the new watery envy of every Sydneysider.

Tina Arena seeks $7m exit from Toorak mansion

Tina Arena seeks $7m exit from Toorak mansion

John McGrath, founder and executive director of McGrath Estate Agents at his office at Pyrmont. Picture: John Feder

International singer Tina Arena has listed her Toorak mansion through Melbourne agent Jeremy Fox, of RT Edgar. Arena, who has long lived in France, paid $5.733m for it three years ago, according to CoreLogic. This time the price guide for the fully renovated house which was built nearly 100 years ago is about $7m. Fox declined to comment but he is running an expressions-of-interest campaign ending in December.

Pride of 1887

The outer Sydney suburb of Lidcombe, 15km west of the CBD, features some surprisingly grand residences according to celebrity agent John McGrath, whose agency McGrath Estate Agents has just listed an 1887-built home with price expectations of $2.5m. Designed by NSW colonial architect James Barnet — who also designed Sydney’s Custom House, GPO and the Callan Park Lunatic Asylum — the property is set on a 998sq m block. Fully renovated, the Brooks Street house features a fireplace in the kitchen, five bedrooms, three bathrooms and is being auctioned on November 18 through McGrath Leichhardt agent Alexandra Stamatiou-Buda and her McGrath Bankstown colleague George Kapos. The vendors, Sylvia and Paul Sant, are making a tree-change to the NSW Southern Highlands where they operate a bed and breakfast. Architects Allen Jack + Cottier worked on the adaptive reuse and heritage conservation of the building.

Penthouse Aims High

Sydney could be in line to set a suburban apartment record with the Thirdi Group’s Luke Berry looking to ask as much as $45m for the four-bedroom penthouse replete with private pool in his Kurraba Residences development atop a prominent peninsula overlooking the harbour. Sales of the 24 apartments, starting at $2.6m for a two-bedder and $4.5m for a three-bedder, start on Saturday. CBRE’s Ben Stewart and David Milton are handling the sales campaign of the complex which is already under construction. Many of the keen buyers are owner-occupier downsizers from Hunters Hill waterfronts and from Longueville who are keen to trade into a smaller dwelling but don’t want to lose their water views. There is also a smattering of foreigners interested from Singapore and Hong Kong. Eighteen of the 24 apartments have spectacular harbour views. Berry has taken heart from the strong market reaction to Kurraba Residences that he is bidding on a prominent site in Sydney’s eastern suburbs to develop a similar complex. As for retaining one of the Kurraba Residences himself he says someone else has already put an offer in on it!

 

https://www.theaustralian.com.au/business/property/tina-arena-seeks-7m-exit-from-toorak-mansion/news-story/dd85431f0aa727163fc28b8c57bae1fd?btr=0f63fbf197ea5ebcca4d362ec86f2ebd

Exclusivity, breathtaking views and impeccable quality abound at Kurraba Residences

Kurraba Residences in a boutique collection of high-end residences in Kurraba Point, one of Sydney’s most exclusive harbourfront enclaves.

Comprising just 24 premium 2 and 3 bedroom apartments, Kurraba Residences is set to be a contemporary architectural treasure, overlooking the harbour from one of the most highly converted vantage points.

A joint venture between industry leaders Thirdi Group and Phoenix Property Investors, Kurraba Residences embraces the surrounding landscape, encouraging residents to immerse themselves in Sydney’s national treasures – Sydney Opera House, Sydney Harbour Bridge, Botanical Gardens, Fort Denison, emerging Barangaroo and the CBD skyline.

Kurraba Residences facade

Designed by acclaimed SJB and Mathieson Architects, every home at Kurraba Residences has been thoughtfully considered to ensure that luxury, comfort, function and style abound in equal measure. Dangar Barin Smith has crafted the landscapes, creating a place of tranquility and beauty in one of Sydney’s most vibrant locales.

Large balconies and semi-circular windows define the distinctive facade – featuring curved brick, reminiscent of the most striking art deco architectural masterpieces. This first impression sets the scene for the grandeur within, and is encircled by lush landscaping on all 3 sides, with the fourth opening up to take in the breathtaking 180-degree views across the harbour.

Kurraba Residences view

Artfully curated interiors are crafted by Mathieson, a firm known for their ability to create spaces of immense quality, character, and timeless sophistication. House-like dimensions ensure that each residence is abundant in space, with floor-to-ceiling windows welcoming in streams of natural light. Embedded in solid limestone and marble, privacy and exclusivity permeates the atmosphere at Kurraba Residences. Kitchens boast high-end Wolf and Sub Zero appliances, featuring luxurious expanses of solid Grigio Argento marble for functional glamour. Bespoke cabinetry, crafted from dark stained American Oak, exudes a sense of elegance and quality, creating homes that are an entertainers dream.

Kurraba Residences living

Bathrooms have carved marble basins, Danish Vola tapware, custom stone baths and magnificent bronze fittings, showcasing the ultimate combination of contemporary design and elegant timelessness. Secure, garaged residential parking with lift access provides residents with the height of convenience, highlighting the effort placed on creating the best possible lifestyle for every resident at Kurraba Residences.

This stunning collection of homes is a once in a generation opportunity to live on Sydney’s harbourfront at Kurraba Point – perfectly set within a boutique collection of residences echoing the majesty of Sydney’s grand waterfront estates.

Kurraba Residences pool

Construction has commenced, with completion scheduled for 2022 – making now the ideal time to enquire.

https://www.a-d.com.au/buying-living/market-insights/exclusivity-breathtaking-views-and-impeccable-quality-abound-at-kurraba-residencesutm_source=ApartmentDevelopments.com.au&utm_campaign=5c512ea975-APD_Newsletter_NSW_Thurs_22.10.20&utm_medium=email&utm_term=0_89b860427f-5c512ea975-263914199

5 of the world’s most sought-after city views

When we think of some of the world’s greatest cities, certain images spring to mind.

Paris’s Eiffel Tower, the New York skyline and Sydney Harbour, to name a few. For some of these cities’ lucky inhabitants, these iconic views can be glimpsed from their own window.

Here are five of the world’s most iconic city apartment views.

Paris, France

In the city of lights, a clear view of the Eiffel Tower is just about as good as it gets.

Along the banks of the Seine, the wrought-iron lattice tower soars 326m high with outlooks that stretch for 70km.

Its height provides many vantage points across the city’s 20 arrondissements, where it’s possible the top half will make for an iconic background in your living room.

Height restrictions on inner city Paris apartments make a glimpse of the Eiffel Tower possible for many locals. Picture: Getty


Whether you own a private mansion, apartment on the Elyse or a penthouse with a terrace, if you’re lucky enough to lay eyes on the Iron Lady, you have one of the best city views in the world.

New York, USA

For the city that never sleeps, there’s no shortage of in-demand views. And the better the aspect, the bigger the price tag.

In the heart of New York, Central Park provides a front row seat for the cheek-by-jowl apartment buildings that line its perimeter. If you face the park, you’ll enjoy green vistas from every window – and they’ll never be built out.

This stunning view across Central Park will set you back a cool US$75 million. Picture: realtor.com


Many buildings also offer glimpses of landmarks like the Empire State Building or Chrysler Building. If your living room is high up enough in your building, you could enjoy an eye-level aspect too.

But for water views, you can’t beat overlooking the Statue of Liberty. She’s far away enough positioned out on the harbour, but there’s no mistaking her distinctive shape.

Rio de Janeiro, Brazil

Rio de Janeiro is one of the most picturesque cities in the world. In every direction you have world-famous sights.

As one of the New Seven Wonders of the World, Brazil’s Christ the Redeemer is a sight to behold. Perched high atop Mount Corcovado, the landmark offers 360-degree panoramic vistas overlooking Rio and out to the Atlantic Ocean.

But if you live on Rio’s famous coastlines, you might also have perfect views of the city’s legendary harbour and the surrounding Sugarloaf or Two Brothers Mountains. And for even bigger bragging rights, a penthouse on Copacabana beach will provide the best viewing seat in the city.

Copacabana Beach is arguably the most famous stretch of sand in the world. Picture: Unsplash


Tokyo, Japan

As the largest metropolis in the world, Tokyo has an urban skyline that stretches for miles in every direction.

If you’re hundreds of metres up high in a neon-lit skyscraper, you could have floor-to-ceiling glass windows facing landmarks including Tokyo Skytree, Roppongi Hills, Tokyo Tower and the Imperial Palace grounds.

But on a clear day, the best vistas are saved for Japan’s tallest mountain – Mount Fuji.

Even from a distance, the shape of Mt Fuji is unmistakable. Picture: Unsplash


It may be off in the distance, but an aspect of Japan’s highest peak is an enviable asset especially if you’re in Shinjuku, where you can catch a glimpse behind the prefecture’s skyscrapers.

Sydney, Australia

Every Sydneysider, and many others around the world, dreams of a place right next to the water.

And when you can see from your window the globally recognised symbols of Sydney, including the Sydney Opera House and the Sydney Harbour Bridge, you’ll have the best of both worlds.

The new $170m boutique development Kurraba Residences offers spectacular harbour views. Picture: Thirdi Group

In apartments at Kurraba Residences, on Sydney’s lower north shore, residents will be able to do just that as well as outlooks over the Botanical Gardens, Fort Denison and the famous CBD skyline.

“Harbourside living is a once-in-a-generation opportunity,” says the development’s director of sales and marketing, Luke Berry, from Thirdi Group.

“It’s incredibly rare to enjoy these views today. And at Kurraba Residences, the beauty and cultural landmarks of Sydney will become an everyday pleasure and seamless extension of your life.”

Inside the Exclusive World of Ultra High-End Real Estate

Sydney’s property market has a secret. Some of the most lavish homes in the harbour city are traded in a parallel real estate universe, using measures to ensure the utmost privacy for buyers and sellers.

In the ultra-prestige sector, open homes and splashy advertising campaigns are often discarded. In their place, backroom wheeling and dealing is conducted by highly connected agents and, in many cases, buyer’s agents who can help find the right property at the right price away from the public gaze.

Simon Cohen is one such buyer’s agent. The chief executive of Cohen Handler says the biggest difference between the prestige sector and the general residential market is the ratio of supply versus demand.

“There are a lot less properties in the prestige sector and still a lot of buyers, so it makes finding opportunities a lot harder,” Handler says. “Most deals happen off market, so it’s not your typical auction campaign scenario you see in the everyday marketplace.”

Neighbourhood Neutral Bay
Location and price are the most obvious markers of prestige.

An off-market sale refers to a transaction where an owner agrees to sell to a purchaser without promoting the fact the home is on the market. Benefits include speed, privacy and a less intense process. Publicity-shy vendors are often prepared to accept a discounted sale price to avoid a traditional campaign.

Buyers can fly under the radar too, at least until settlement occurs and their name – or that of an associated entity – appears on the title deed.

Cohen estimates 70 per cent of his firm’s deals are off-market or pre-market. Catalysts include divorce or if the vendor has bought another home and wants to sell quickly to avoid holding two properties.

Buyer’s agent Will Roberts is managing director of Alsaker. He says in off-market sales for ultra-prestige properties, the selling agent contacts buyer’s agents and select clients for private appointments, often driving straight into garages or carparks to avoid being noticed on the street.

LAAN_STUDIOS_147-153_Kurraba_Road_INT_UNIT_601_LIVING_FINAL2500_lro6ja
A render of a living room in the luxury Kurraba Residences project. 

Parties might be asked to sign non-disclosure agreements to keep the details under wraps for as long as possible.

“The buyer’s agent has an important role as they can obtain requested information and search without the identity of the client being known,” Roberts says. “And they can protect the client’s privacy during the process until the property has settled.”

So which homes are in high demand among high net-worth Sydney buyers?

“The prestige market tends to be more targeted, refined and unapologetic with its offering,” Roberts says.

Location and price are the most obvious markers of prestige but they are far from the only elements. Size, water frontage, harbour views, the quality of finishes and additional features such as extra garaging or big-name designers set the very best homes apart from the rest of the pack.

“So it’s not postcode equals high price,” Roberts says. “There is actually an element of value that is tangible.”

LAAN_STUDIOS_147-153_Kurraba_Road_EXT_COURTYARD_FINAL2500_frw3al
A render of the exterior of the new Kurraba Residences, a collection of luxury two and three-bedroom apartments. 

This year’s COVID-19-related restrictions have driven a surge in demand for sprawling estate-style properties. A longer-term trend has been the emergence of affluent downsizers seeking oversized luxury apartments, ideally with harbour views and easy access to lifestyle drawcards.

A rare new development in the sought-after lower north shore suburb of Kurraba Point is attracting attention from buyers with a taste for super-premium real estate.

Kurraba Residences by developers Thirdi and Phoenix Property Investors is an elegant collection of two and three-bedroom apartments, including a penthouse and sub-penthouse piquing the interest of luxury downsizers and trophy-home hunters.

With architecture by SJB, interiors by Mathieson Architects and landscape design by Dangar Barin Smith, the project boasts A-list design credentials. Its upmarket finishes, generous layouts, subterranean wine cellar, concierge and elevated harbour views, taking in the Opera House and Harbour Bridge, place the homes in the upper echelons of the off-the-plan apartment market.

Luke Berry, sales and marketing director for Thirdi, says he’s confident the combination of location, design, amenities and never-to-be-built-out harbour views will resonate with ultra-prestige buyers.

“We’ve got all the ingredients to create an iconic project,” Berry says.

https://www.domain.com.au/news/inside-the-exclusive-world-of-ultra-high-end-real-estate-995490/