Jul 29, 2026 – 12.59pmOn Sydney’s northern beaches, a waterfront property has sold for $17.5 million, setting a suburb record despite broader sentiment cooling in the property market as buyers worry about global instability, interest rates and Labor’s abolition of tax concessions.The sale of the waterfront mansion in Balgowlah Heights leapfrogged the suburb’s previous high of $13 million by $4.5 million, the latest example of a suburb record being broken in Sydney even as homes for sale are being discounted.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Sydney suburbs hit record prices despite property market gloom
While some properties are being discounted, trophy estates are still changing hands for record prices in some Sydney suburbs.
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