A historic sale in Rozelle, Sydney’s Inner West, has shattered suburban price records with a waterfront property fetching $15.2 million. The deal, finalized this week, marks the highest price ever paid for a residential property in the sought-after Inner West region, signaling continued strength in Sydney’s luxury real estate market.
The property, a renovated Victorian terrace on Blaxland Avenue, was sold by Ray White Drummoyne’s Maria Cassarino. The buyer, whose identity has not been publicly disclosed, secured the prized location boasting uninterrupted harbour views and direct waterfront access. This record-breaking sale underscores the enduring appeal of Sydney’s Inner West, known for its vibrant lifestyle, proximity to the CBD, and prestigious waterfront enclaves.
The previous Inner West record stood at $13.5 million, set in 2021 for a property in Birchgrove.This latest transaction represents a significant jump, reflecting both the property’s exceptional features and the escalating demand for premium real estate in the area. Experts predict continued upward pressure on prices in the Inner west, driven by limited stock and strong buyer interest, particularly from high-net-worth individuals seeking lifestyle properties close to the city.
The sale follows recent high-profile property transactions in Sydney, including tech billionaire Mike Cannon-Brookes’ recent acquisition of a $15 million bachelor pad. It also comes amid reports of escalating neighbor disputes and complex property settlements following high-profile celebrity divorces, highlighting the frequently enough-contentious nature of the luxury real estate market.
