Sydney luxury homes command multi‑million prices as buyers snap up multiple CBD units and high‑end auction properties

Ultra‑high net‑worth buyers are purchasing portfolios of multimillion‑dollar residences in Sydney’s central business district, according to Lendlease‑appointed agent Steven Chen. Buyers are acquiring several Harbour‑view homes for personal use, offices and as a parking alternative, with prices reaching $60‑70 million for Armani‑designed sub‑penthouses and a projected $150 million top‑floor penthouse that could break Australia’s record cash sale.

In the same market, a five‑bedroom house in Wahroonga sold for $2.77 million, slightly below its $2.89 million reserve, after one of two registered bidders withdrew. The property’s 967 sqm block, proximity to a nature reserve and strong demand for large‑block homes were cited as key factors. Agents noted that despite a recent 10 percent market dip, premium suburbs are likely to rebound quickly.

Both stories highlight sustained demand for premium Sydney property, with buyers willing to pay a premium for harbour views and large‑block locations, even as broader market sentiment softens.