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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Apartment sells for record-breaking $21m-plus

By Elyse Perrau
24 November 2014 | 1 minute read

Australia’s most expensive apartment has sold for more than $21 million in one of the nation’s most sought-after locations.

Situated in the iconic Sydney suburb of Bondi, the off-the-plan sale is part of the exclusive Pacific Bondi Beach development.

Another penthouse in the complex, purchased by Will Vickers of Caledonia Investments, recently sold for a record price of $21 million.

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Now, Real Estate Business can exclusively reveal that a second penthouse in the development has been purchased for a price “significantly in excess of $21 million", according to a private source who wished to remain anonymous. 

Originally two separate apartments, the planned five-bedroom penthouse was merged into one at the request of the buyer.

While he won't confirm the buyer, McGrath Projects director Steven Chen, who sold the penthouse, said it would be a “world-class apartment” once completed. 

“One of the key features is the 44-metre beach frontage,” he told Real Estate Business.

“It has an infinity pool, a reflection pond, it will have its own maid's quarters with separate access, it will have an internal lift, steam room, butler’s pantry, cinema, library and there will be three living areas.

“It is going to be a customised apartment. I know that the entity that has purchased it and the gentlemen that is associated with that entity is going to make it a world-class apartment,” he added.

Mr Chen said the apartment also boasts 593 square metres of internal space to work with and 304 square metres of external space.

Apartment sells for record-breaking $21m-plus
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.