Topic: From data to strata: $32m Mosman block shock

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05/06/2025 at 11:07 am #79847 Reply | Quote
Alexandra Brooks
Flatchatter
Harbourside haven Mosman in shock as data baron pays $32m to demolish a strata block and rebuild with fewer luxury pads

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12/06/2025 at 2:40 pm #79957 Reply
ruben
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The Mosman purchase of a $32M block of 12 ordinary apartments into a development of nine luxury apartments is not the first such purchase in this area. In or around 2022, a block of 24 1970s apartments on the corner of Park Avenue and Sutherland Street, Cremorne was sold as a deceased estate for $35 million. It is now being replaced by 11 luxury units. So low cost housing is being replaced by high cost housing. Makes no sense in a city that is apparently being rebuilt to accommodate more people and where low cost housing is desperately needed.

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Reply To: From data to strata: $32m Mosman block shock

PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.