SEE MORE residential
April 2026: Central Element expands in Drummoyne with second harbour-view site
March 2026: Ballamac Coogee's latest sales feature in The Weekend Australian
March 2026: Cameron Porter, CE Head of Sales on Bianca Drummoyne's prime harbourside location
February 2026: With construction now complete, Ballamac House enters its next chapter on the Coogee headland.
February 2026: A closer look at two of the last remaining residences at Pienza Neutral Bay
"Fresh from the latest sale of a luxury apartment in the eight-unit Ballamac House development in Sydney’s coastal Coogee, developer Central Element is about to take another unit to auction in the now fully completed project."
Lisa Allen
MANSION, The Weekend Australian
In a suburb record for a three-bedroom apartment, Ocean Residence 6 has just sold for $11.25m, equating to $75,000 a square metre in a deal negotiated by Sotheby’s agents Nicholas Wise and James Ball, along
with Belle Property Principal Shane Vincent.
The local buyer of the $11.25m apartment wishes to remain anonymous.
The transaction follows the $20m sale of the Ballamac House penthouse, which has just settled in one of the more significant residential transactions achieved in the suburb.
Three of the six ocean apartments in the development – a transformation of an 1860s heritage-listed property – have sold, including two penthouses.
Attention has now turned to the older component of the project with two Heritage Residences at Ballamac released to the market through Sotheby’s and Belle Property. Heritage apartment 2/39 Acacia Street is set to be auctioned in the coming weeks.
As Central Element’s Head of Sales, Cameron Porter explains, the Ocean Residence sale reflects a broader trend among prestige buyers seeking quality and certainty in the current market.
“We're seeing a flight to quality, with prestige buyers looking to align themselves with good quality, reputable developers and builders. This is where they’ll pay a premium for luxury.”
Cameron Porter
Head of Sales, Central Element