They are the sky high homes grand enough to rival Sydney’s old money mansions, but this top end real estate is appealing to a new wave of cashed up buyers.
As the 2019 property calendar gears up, a collection of brand new (or soon to be completed) penthouses have emerged – some with eye-watering price tags and head-turning inclusions; from private roof top pools and fire pits to staff quarters and cigar rooms.
According to selling agents and developers, today’s penthouse buyers are not just after a grand home high above the city, they are seeking the luxury of a “lock up and leave” lifestyle.
Even homegrown billionaire James Packer, who could have bought any number of large harbour front houses, opted for the penthouse life when he spent a reported $60 million in 2017 on a yet to be built luxury apartment atop the Crown Resort complex in Barangaroo.
Prisca Edwards, the group project director of Waterfall by Crown, a $395 million development in Waterloo, said buyers are after convenience and a sense of community.
“And of course the best view and the highest-quality finishes in the building,” she said.
“It’s also that sense of being able to have something that other people don’t have,” she said, adding that large outdoor spaces were highly sought after.
“So it’s the best of both worlds: a combination of living in a house with its own ‘play areas’ so to speak but also having an outdoor courtyard area, all with that stunning view,” she said.
Ms Edwards said penthouse buyers are also attracted by the services that new buildings can offer.
“Ten years ago a concierge service would have seemed like a great luxury, but it’s so standard now – you get it with your Amex card or in almost any apartment building.
“So in this age of Uber and Airbnb, where people are used to the idea of the sharing economy, we offer services that foster a sense of community – a piano room, lounge areas, rooftop gardens, open-air cinemas, where neighbours can get to know each other.
“Our penthouses are also really well designed to host events, for people to entertain in great spaces with great views,” she said.
“There is a reason people renovate their houses – to get the beautiful new finishes, the new décor. That’s what you get in a new penthouse.”
And gone are the days when penthouses were the domain of wealthy older downsizers and globetrotting CEOs, some of these top shelf luxury apartments are the price of a “standard” family home in certain parts of Sydney. The Mastery penthouses are priced from $2.025 million.
“You’d be surprised – it’s the mums and dads, and even first home buyers who come to us. Penthouse buyers are just people with a little more to spend and they come from all over,” she said.
Cast your eye skyward to look inside some of the top penthouses on the market right now around Sydney.
Address: 44-48 O’Dea Ave, Waterloo
Price: More than $2.025 million
With interiors by Koichi Takada, these five city fringe penthouse in the Mastery by Crown is a blend of Japanese minimalism and Aussie contemporary style. As well as views of the city skyline, the top floor home has three bedrooms, two bathrooms, bespoke cabinetry and a grand balcony.
Address: 18-20 O’Dea Ave, Waterloo
Price: More than $3.25 million
Atop the landmark building Waterfall in booming Waterloo, there are three two-storey penthouses developed by Crown and designed by SJB Architects each have rooftop terraces with fire pits and vast long area as well as sweeping views of the city plus luxury hotel grade bathrooms, hi-tech smart home inclusions and glamorous dressing rooms.
Address: 167 Castlereagh St, Sydney
Price: Reportedly more than $60 million
Labelled as Australia’s priciest penthouse, the Boyd Residence is truly a mansion in the sky.
Grander than the most sprawling Sydney estates, this far out flat totals 2400sq m of living space over three levels, it has a rooftop pool, champagne wall, cigar room, five marble bathroom suites and is home to the largest rug in the Southern Hemisphere.
Address: 18 College St, Darlinghurst
Price: $26 million
Although this apartment is a few years old, it has apparently barely been lived in since it was bought by its one and only owner back in 2013. It has panoramic views of Sydney Harbour, the Opera House and the Botanic Gardens. The two-storey pad also has a 20m private pool on the rooftop terrace with a barbecue bar.
Address: 226 Victoria St, Darlinghurst
Price: $15 million
Perched on top of the shiny new 19-storey Omnia building in Kings Cross, there are actually three penthouses priced between $12 million and $15 million. Two are left on the shelf for 2019 including the largest; a 455sq m residence known as The Royal. Over two floors there is a circular staircase, four bedrooms, four bathrooms and a top floor deck with an open air jacuzzi and barbecue kitchen.
Address: 129 Harrington St, Sydney
Price: $21 million
If Sydney’s sparkling harbour was centre stage, then this five-bedroom, three-storey penthouse is the best seat in the house. In Harry Seidler’s The Cove, it has been labelled “The Skyhouse” for good reason because there is 466sq m of internal living space and a total of 181sq m of external terraces with a sunken spa on the roof deck.
Address: 184 Forbes St, Darlinghurst
Price: More than $20 million
Construction has just been completed on the level 40 penthouse in this landmark inner city building, Horizon. With new interiors by Mim Design, the whole-floor home features brass, leather and marble finishes has 360 degree views of Sydney, four bedrooms, a private lift lobby, butler’s pantry and staff quarters – plus parking for up to eight cars.
Address: 180 Campbell Pde, Bondi Beach
Price: $14.8 million
Just listed, this beachside penthouse is in the much publicised Pacific Bondi building right on the main thoroughfare of Australia’s most famous beach. Despite the complex being finished for several years, this penthouse has just been completed with a no expenses spared design by Redgen Mathieson architects. The top notch interiors include a private foyer with a foot bath to wash off the sand, vast walls of windows to take in the view and loads of terrace space.
Address: 82-94 Darlinghurst Rd, Potts Point
Price: $10 million to $10.5 million
A secret sky-high space in inner Sydney, this penthouse “shell” has remained empty for more than 30 years and is only just now on the market. A true “blank canvas”, the 414sq m empty property is as close to a vacant block of land you’re going to find on the fringes of Sydney’s CBD. The grand hexagonal apartment on the 37th-floor of the Zenith has 360-degree views of the city and harbour as well as a huge rooftop terrace.
Address: 177 Bellevue Rd, Bellevue Hill
Price: On application
As new now that it’s had a multimillion-dollar refit, this four-bedroom five star penthouse is in Australia’s priciest suburb. It covers 275sq m, has wide sweeping windows to take in the city scape, a gourmet marble kitchen and a private elevator.