It’s not easy to get into Australia’s richest suburb Point Piper.
The tightly held eastern suburbs spot, which is one of the few Sydney locales to boast the harbour and of course harbour views on three sides, is home to three of Australia’s most expensive homes in Fairwater, Edgewater and Elaine.
With notable luminaries such as Malcolm Turnbull, John Symonds and Mike Cannon-Brooks calling the suburb – which has a median unit price of $5.415 million, around 10x the national average – home.
2/1 St Mervyns Ave, Point Piper.
Selon realestate.com.au, Point Piper has enjoyed astounding 33.4 per cent price growth over the past 12 months, based on just 20 apartment sales over that period.
However, there isn’t enough data to provide a median house price due to the lack of sales in the tightly held pocket.
Enter One Point Piper, a boutique collection of three deluxe residences. A project by developer Michael Kondouris of K2 Property, brought to market by a Director of Highland Double Bay David Malouf.
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‘Indulgent kitchen.’
The stunning home has a $12m price guide.
No expense spared.
The four-bedroom, four-bathroom 317 sqm apartment with double garage at 2/1 St Mervyns Ave, Point Piper est l'un des points forts.
Brian Meyerson of MHNDU was the architect on the project, while the interiors were designed by Peter Reeveof CRD Design
Unit 2 offers a house-like design with expansive open plan living zones, indulgent kitchen with a generously equipped Butlers pantry, four bedrooms with leather-bound wardrobes, double garage, basement storage, 4.5 bathrooms and a secluded garden oasis and sparkling pool for residents to enjoy.
Point Piper is one of Australia’s most tightly held suburbs.
It’s also its richest, in terms of median home price.
Double garage with storage.
Malouf has a $12m guide for a July 6 auction. The home is one of $100m worth of listings Malouf has recently bought to market.
He sold unit 1 for $13m last year.
Meanwhile, Malouf has sold a “dream downsizer” at 312/3 Darling Island Rd, Pyrmont that appeared as a Wentworth Courier House of the Week. Sources said it sold above its $8m guide to an eastern suburbs downsizer.
– Additional reporting James MacSmith
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