From data to strata: $32m Mosman block shock

ruben · 2025-06-12T14:40:17+10:00

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

[See the full post at: From data to strata: $32m Mosman block shock]
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12/06/2025 at 2:40 pm #79957
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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