Sydney property: Nicole Kidman, Alan Joyce, George Michael 2023 - realestate.com.au

Celebrity sales, high demand for downsizer units, and record-breaking prices in Sydney's lower north shore and northern beaches.

Celebrity real estate sales and demand for luxury properties have been soaring in Sydney's northside, despite five interest rate hikes this year. The lower north shore, in particular, has seen a surge in demand for high-end properties, with celebrities like author Liane Moriarty and actor Nicole Kidman making significant purchases.

Moriarty recently paid a whopping $19.5 million for a five-bedroom house on Mosman's Balmoral slopes, while Kidman acquired her sixth apartment in a Milsons Point apartment block. The area has also witnessed a rise in off-the-plan developments, with properties being snapped up within hours, including a penthouse that sold for over $15 million, setting a new record for unit prices in Mosman.

Meanwhile, the northern beaches have also seen a flurry of high-value transactions, with cricket stars Mitchell Starc and Alyssa Healy purchasing a new ranch-style house in Terrey Hills for a staggering $24.5 million, setting a new residential real estate record for the area.

Palm Beach, known for its prestige properties, has also been in the spotlight, with the sale of George Michael's former oceanfront house for $13.5 million, setting a new record for Palm Beach oceanfront properties. Additionally, Manly has seen the launch of a beachfront development by the charity Royal Far West, with units selling for as much as $16 million, further highlighting the demand for luxury properties in the area.

The upper north shore has also experienced a surge in record-breaking sales, particularly in suburbs like Longueville and Warrawee, as homebuyers look west for family homes. Longueville, in particular, has seen its suburb record broken multiple times this year, with a house in Arabella St selling for $23.5 million in September, setting a new benchmark for the area.

Overall, the demand for luxury properties in Sydney's northside has remained strong, with buyers drawn to the convenience, comfort, and lifestyle offered by these high-end homes. As the market continues to thrive, it's clear that the appeal of northside properties shows no signs of slowing down.

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