Opera Residences

Inside Sydney’s new luxury $500m+ apartment block

PHOTO: A view of the Opera Residences from the Royal Botanic Garden. Photo: Supplied.

One of Sydney’s most luxurious and highly anticipated apartment developments will finally open its doors this month, almost five years after it smashed Australia’s apartment price record twice in the same week.

High-flying residents will soon start moving into the long-awaited Opera Residences at Bennelong Point, which was a sell-out success back in 2016.

The Circular Quay development first broke Australia’s apartment price record with the $26 million sale of a four-bedroom penthouse to an eastern suburbs buyer, who also spent $31 million on the two sub-penthouses below for her children.

It then reset the record at its official launch days later, with the $27 million sale of the adjoining four-bedroom penthouse to wealthy businessman and philanthropist Robert Salteri and his wife Kelly. That translated to a then record-setting $96,400 per square metre.

Strong demand saw more than $500 million in residential sales made as all 104 apartments sold off the plan within hours of the launch. One-bedroom units without parking fetched $1.7 million.

Opera Residences
Apartments throughout the building offer views of the harbour and the Royal Botanic Garden. Photo: Supplied.

Almost five years and multiple delays later – the project was initially scheduled to finish in December 2019 – construction is now complete on the 19-storey development, which offers views of the Opera House, Harbour Bridge, Royal Botanic Garden and harbour.

While some are counting down the days until they can move into their new high-end home or weekender, others are looking to cash in on Sydney’s booming property market.

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