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- September 2023
- News
Mastering the East
With a track record of award-winning and renowned developments in Coogee, it was only natural for us to set our sights on new opportunities in the highly sought-after Eastern Suburbs. After an exhaustive search for the perfect location that met all our criteria, we are absolutely thrilled to introduce our latest venture in the iconic and tightly held Bondi Beach.
- September 2023
- News
At the heart of our mission is the pursuit of sites with unique stories, and this extraordinary location certainly fits the bill. We’ve secured a rare gem, with the site boasting breath-taking panoramic views stretching from Bondi Beach to the majestic Ben Buckler headland.
Our vision for this remarkable space is nothing short of transformative. We plan to develop a select number of ultra-premium apartments and houses, setting a new standard for luxury living in the Eastern Suburbs. The quality of each residence will be unparalleled, with prices starting at $20 million.
"The Bondi Beach market is one of the most exciting in Australia right now."
Ric Serrao
Principal, Raine & Horne Double Bay/Bondi Beach
The site was sold by Ric Serrao and Alex Lyons from Raine & Horne Double Bay/Bondi Beach for $51m. We’re seeing apartments commanding more than $100,000 per sqm, with the recent sale of Notts Avenue to Andrew Roberts, former Managing Director of Multiplex, achieving in excess of $125,000 per sqm. Demand for houses is equally buoyant, reflected in the recent sale of 31 Gaerloch Avenue, Tamarama which sold for circa $45,000,000 and 12 Bronte Marine Drive, Bronte for circa $22,500,000.
We’re anticipating the Development Application (DA) to be submitted by the end of 2023, with construction set to commence in 2025 or 2026. Stay tuned as we embark on this remarkable journey to redefine luxury living in Bondi Beach.