Sunday, February 25, 2024

Luxury by the sea: Rare Barangaroo listings offer a second buying chance

If you want to buy property at harbourfront haven Barangaroo, the time to do it is now!

Time to grab your dream property!

If you have a few millions to spare and looking for a hot property, then it is time to buy as a couple of the complex’s apartments are up for sale once again. There is an opportunity to have a rare second go at the original Barangaroo development, which was completed in 2015.

The almost-new units are being sold by agents Matthew Mifsud and John Ellis of Raine & Horne City Living, who term the availability a rare event, which potential buyers shouldn’t miss.

Mr Mifsud said, “There are only two established apartments available for sale in Barangaroo due to the strong overseas buyer demand for property in Australia’s most sought-after waterfront precinct”.

“Augmenting the supply issue is the fact that only 159 apartments have been built at Barangaroo to date, which also explains why it’s such a tightly-held location,” he added.

Prime seaside living

The two apartments in question are 501/21 and 702/17 Barangaroo Avenue, Barangaroo, the first of which is a spacious two-bedder and the second a luxury three-bedroom penthouse. The homes come with price tags of $3.15 and $6 million respectively, and rent for around $1,300 and $2,700 a week.

Although, there may eventually be more homes built in the area, the absolute waterfront position of the original homes can’t be replicated, emphasises Mr Mifsud.

“The apartments, which were completed in 2015, can’t be blocked out by any future developments, a situation that will appeal to savvy buyers. All that is between the apartments and the harbour is a walkway,” he said.

“Designed with an unquestionable architectural pedigree by FJMT’s renowned architect Richard Francis-Jones, this near new penthouse apartment is a rare statement of prestige and sophistication,” he added.

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