Harbour-Facing Barangaroo Apartment Features in the Luxury … – The Market Herald

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In today’s luxury property highlights, take a look at an opulent Barangaroo apartment overlooking the Sydney Harbour Bridge as well as an architectural marvel in Melbourne’s affluent suburb of Toorak.
Regarded as one of the most affluent suburbs in Melbourne, Toorak is known for its leafy streets, stately mansions and upmarket cafes and bars. Perched on the Yarra, the prestigious postcode also offers parks and easy access to the CBD via public transport.
Toorak records a population of 12,817 and a median age of 47. The wealthy enclave is predominantly home to childless couples who account for 50.4 per cent of households, followed by couples with children at 36.6 per cent. As for occupancy type, 40.4 per cent of Toorak households are owned outright, followed by renters at around 34 per cent.
In 2022, Toorak’s house prices slumped by 5.5 per cent. However, 40.6 per cent growth in 2020 followed by a more modest 7.7 per cent rise in 2021 has kept the median house price at a high A$5.6 million.
Currently, listings spend an average of 31 days on the market and households are likely to be repaying over A$4,000 on mortgage repayments per month.
Built in 1933, ‘Devenscire’ is a meeting of old-world charm and modern architecture. Boasting a gourmet kitchen, heated pool, internal lift, sauna/steam room and a luxurious garage with hydraulic tilt driveway, this residence is the epitome of sophistication.
The property comes with a price guide of between A$34 and A$37.4 million.
20 Heyington Place, Toorak, Vic 3142
Spanning just 0.2 square kilometres, Barangaroo is a small but prestigious waterfront suburb that enjoys a front-row seat to the iconic Sydney Harbour. The inner-city locale is home to Crown Towers Sydney and sits within easy reach of harbourfront bars and restaurants as well as Sea Life Sydney Aquarium.
Barangaroo is home to just 220 residents, owing to its size. The median age is 40 and households are largely childless couples at 57.6 per cent and single parents at 24.2 per cent.
Approximately 61.4 per cent of households are renters in the waterside suburb, followed by purchasers at 17.5 per cent and outright owners at seven per cent.
With few units coming to market, Barangaroo’s property data is limited, although a 33.9 per cent decline last year has placed the median unit price at A$8.5 million, down from the A$12,850,000 recorded in 2021.
Housed within Crown Residences, this luxe inner-city apartment comes with a gourmet kitchen, impeccable Sydney Harbour Bridge views and three bedrooms.
5403/1A Barangaroo Avenue, Barangaroo, NSW 2000
Located in Sydney’s Inner West, Burwood Heights is a bustling suburb that enjoys proximity to plenty of shopping options, as well as parks and strong public transport connections. The small suburb records a population of 1,134 residents and a median age of 38.
Posting a median house price of A$2,482,500, Burwood Heights is an affluent enclave where households are predominantly owned outright.
In terms of household structure, couples with children lead at 48.1 per cent, speaking to the suburb’s family-friendly appeal.
Exuding elegance and grandeur, this Victorian-style manor features landscaped gardens, a gourmet kitchen, five bedrooms and a mosaic-tiled pool.
This Burwood Heights home is scheduled to go to auction.
19 Claremont Road, Burwood Heights, NSW 2136
Characterised by tree-lined streets, mansions and top schools, Kew has long been one of Melbourne’s more affluent neighbourhoods. Perched on the Yarra, the suburb spans 10.5 square kilometres and is home to 20 parks.
Kew records a population of 24,499 and a median age of 41. Popular among families, approximately 49 per cent of households are couples with children, followed by childless couples at 35.7 per cent.
Following three years of consecutive property price growth, the median house price in Kew has risen from A$2,092,500 in 2019 to A$2.8 million in 2022.
Situated within prestigious Sackville Ward, this c1890 residence is a showcase of old world charm and contemporary elegance. Along with its affluent address, the property boasts a heated pool, sauna, half-basketball court, state-of-the-art kitchen and a characterful entrance foyer.
This Kew property comes with a price guide of between A$6 million and A$6.6 million and is accepting expressions of interest until February 27 at 5pm.
25 Davis Street, Kew, Vic 3101
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