Five Rose Bay homeowners have combined their properties into a single development site expected to sell for over $40 million, with expressions of interest closing June 5.
The properties at 17, 17A, 19, 21, and 23 Carlisle Street form a 1392-square-meter site that has already attracted 150 inquiries from apartment developers, according to Colliers agent Paul Ephron.
“They might be worth $5m or $5.5m individually, but they’re likely to get $8.5m or $9m in this type of deal,” Ephron said.
The amalgamated properties include homes with varying features and histories. Property number 17A, purchased for just $190,000 in 1987, now carries a base price of $8.45 million as part of the package. Meanwhile, 19 Carlisle Street was bought for $3.4 million in 2021 and underwent a $500,000 renovation afterward.
These homeowners are capitalising on the NSW Government’s new Low and Mid-Rise Housing Policy, gazetted on February 28, which allows for six-story apartment buildings—potentially eight stories if affordable housing is included—within 400 meters of centres and transport hubs.
The site’s location makes it particularly attractive for downsizer apartments, being within walking distance of Rose Bay village. Colliers agents highlight its potential views of the harbour, Bridge, city skyline, and its level access as key selling points.
Ephron, who secured the listing about a month ago with colleagues Guillaume Volz and Marina Corvalan, noted that while there’s a “moment of frenzy” in the market, success depends on understanding each site’s specific characteristics.
The Carlisle Street location sits approximately 10 minutes from another amalgamated site on Dover Road that recently sold to apartment developer Fortis for $75 million.
Catalina, the harbourside favourite in Rose Bay, is offering a seven-course tasting menu paired with a cashback offer through American Express, giving Sydneysiders a rare chance to enjoy fine dining at a reduced price.
The seven-course tasting at Catalina is part of the American Express delicious. Month Out campaign, priced at $180—down from $220—and available Monday to Friday for lunch and dinner throughout May. This offer is available to delicious. readers only, and guests must mention ‘delicious.’ when booking.
The autumn menu features sustainable seafood and premium options like dry-aged Maremma duck, with vegetarian, gluten-free and seafood alternatives available. Diners may also get the chance to meet the chef.
Cashback for Cardholders
Through a separate but overlapping promotion, American Express is also offering 20% cashback at Catalina, up to $25 per eligible card. To qualify, cardholders must activate the offer on their Amex account before dining. This deal runs through to 1 June 2025 and applies only at participating venues like Catalina.
The cashback offer is designed to encourage Sydneysiders to eat out and support their local hospitality scene. With limited enrolments, diners are being urged to act fast to secure both the tasting and the cashback opportunity.
A Family Legacy at Rose Bay
Catalina has been part of Sydney’s dining scene since 1994. Founded by Michael and Judy McMahon, it’s now run by Judy with her children, James and Kate. The restaurant is known for its calm coastal setting and glass-fronted dining room overlooking Lyne Park.
Its menu changes with the seasons and is built around fresh, local produce. Signature favourites often include pan-fried snapper and Sydney rock oysters, though it’s the balance of elegance and simplicity that keeps locals coming back.
More Than Just a Meal
Catalina’s Month Out offer gives locals a chance to reconnect over quality food while supporting a long-standing Rose Bay favourite known for flavour and service.
The promotion is drawing new diners to Catalina, offering more than a discount with harbour views, crafted dishes, and a chance to rediscover a local gem.
A prime Rose Bay property owned by Sydney Roosters and NSW Origin star Angus Crichton has hit the market with a $2.5 million price guide. The football player prepares for his upcoming wedding and seeks to upsize to a family home.
A modern stone kitchen equipped with Smeg gas appliances opens to living and dining areas that flow to an outdoor entertaining courtyard and level backyard.
The listing comes as Crichton, 29, prepares to marry fiancée Chloe Esegbona next month. The State of Origin “man of the series” proposed during an off-season trip to the UK last December at Manchester’s iconic Midland Hotel. Esegbona celebrated her hen’s party on Anzac Day, making time to watch the Roosters defeat the Dragons at Allianz Stadium.
Residents of Rose Bay and Double Bay are strongly protesting plans to allow much taller apartment buildings in their neighbourhoods, fearing irreversible damage to their community’s character and infrastructure.
Nearly one hundred residents have formally objected to proposed changes to low—and mid-rise housing development. The state government’s changes would set maximum building heights at six to seven storeys.
This overrides current Woollahra Council controls, which limit buildings to three or four storeys. Residents described the state government’s plans using strong negative terms like “disgraceful” and “excessive”.
Woollahra Council voted unanimously to support the residents’ position and oppose the new state standards.
Infrastructure Under Strain
A major point of opposition centres on the belief that local infrastructure cannot cope with increased density. Submissions supporting Council highlighted serious existing constraints, including traffic congestion, overflowing schools, crowded public transport, and an electricity grid already under pressure. Many residents argued that the area is already struggling with overdevelopment.
Concerns were specifically raised about traffic, with residents stating that the area relies heavily on only two main roads for access. It was argued that this leads to peak hour traffic extending late into the morning and starting again mid-afternoon, indicating the road network is already at capacity. Some residents felt that building six-storey apartments in this situation would court disaster.
In its motion opposing the state plans, Council noted it had already exceeded previous government housing targets. Council stated it was on track to meet its target of 500 new dwellings by 2026 before the state government significantly increased this requirement to 1900 dwellings.
Some residents felt that past developments required to meet earlier targets had already negatively impacted the peaceful suburban nature of the area over the last decade.
Beyond infrastructure, residents expressed deep concerns about losing the unique character and charm of Rose Bay and Double Bay. A recurring theme in the submissions was the potential loss of greenery, tree canopies, and sunlight due to taller buildings. Residents voiced worries about their suburbs losing their “human scale” and desirable village atmosphere.
Several submissions expressed fears that the area could become a built-up and “soulless” place like nearby Bondi Junction, or even resemble highly dense cities like Hong Kong.
People wrote about the importance of open spaces and parks to enhance the harbour’s natural beauty, which attracts visitors. There was a strong sentiment that the character and soul of the harbourside suburbs would be “forever scarred” by high-rise buildings next to homes, impacting sunlight, views, and creating overcrowded conditions.
The Rose Bay property market has a new headline-grabbing listing, with Sicilian-born Orazio Camuglia and his wife Yolanda placing their waterfront compound on the market for an eye-watering $85 million.
The sleek three-residence family compound sits on 1138 square meters of absolute waterfront land on Tivoli Avenue and boasts uninterrupted 180-degree views across Sydney Harbour, featuring seaplanes, regattas, and ocean liners as a constantly changing panorama.
According to Camuglia, the view was so captivating when they first moved in that the family hardly watched television for about six months, preferring instead to observe the daily activities on the harbour from their balcony.
From Coogee Castle to Rose Bay Haven
Camuglia, who arrived in Australia as a seven-year-old from the Sicilian hilltop town of Castiglione di Sicilia, is no stranger to creating architectural landmarks. He previously built the famous “Coogee Castle,” a striking concrete mansion with ocean views designed by his brother-in-law, architect Renato D’Ettorre.
After selling that property to advertising mogul John Singleton in 2003 for $8.2 million (later purchased by crypto entrepreneur Fred Schebesta for $16.85 million in 2021), the Camuglias moved to Rose Bay with a vision for multigenerational living.
What began as a duplex in 2004 has been transformed into an interconnected three-residence compound where Camuglia’s two sons and their families have lived alongside the couple, each with their own private space.
The property now features eight bedrooms, ten bathrooms, parking for four cars, and is equipped with marine-grade materials chosen specifically to withstand the harbour’s salty conditions.
Perhaps most remarkable is how Camuglia has created a slice of Sicily on Sydney Harbour. The grounds include a hillside orchard garden with olives, grapes, lemons, figs, blood oranges, and even prickly pear.
Camuglia explains that he designed the garden to reflect his father’s efforts in Sicily, where he had terraced a garden on the side of a mountain. This Mediterranean touch allows the family to enjoy homegrown produce, with Camuglia noting that the prickly pears can be made into marmalade and liqueur.
Record-Breaking Potential
If the $85 million asking price is achieved, it would shatter the Rose Bay record of $55 million set in February for a Dumaresq Road property. The record was previously held by recycled shopping bag businessman Frank Qiang Geng.
The Tivoli Avenue strip is one of the area’s most exclusive, with neighbouring Villa Florida (once owned by Barry Humphries) selling for $45 million in 2021 to insurance broker founder Jim Angelis, who is currently rebuilding the property.
Hiu Xu from Private Property GlobalKen Jacobs from Private Property GlobalPhoto Credit: Forbes Global Properties
Forbes Global Properties agents Hui Xu and Ken Jacobs are managing the sale, with Jacobs recently noting that top-end homes are well-positioned to weather market uncertainties following US President Donald Trump’s tariff regime.The Camuglias are planning to split their time between Sydney and Italy, saying their harbour-front home has become “too big to lock up and leave” as they enter a new chapter of their lives.
A group of homeowners in Rose Bay has collectively sold five properties for $75 million following the introduction of a state policy allowing mid-rise housing development near town centres and transport hubs.
The NSW Government’s Low and Mid-Rise Housing Policy came into effect in two stages, with the second stage launched on 28 February 2025. This policy is part of the State Environmental Planning Policy (Housing) 2021, and it enables construction of low to mid-rise housing—up to six storeys—within 800 metres of 171 nominated town centres and transport hubs across NSW.
In Rose Bay, the designated zone includes the Rose Bay Town Centre on New South Head Road, making properties within this radius eligible for higher-density redevelopment under the new rules.
As a direct result of these planning changes, five properties along Dover Road, Rose Bay were sold to Fortis Property Group for a combined $75 million. These include 23-31 Dover Road, with individual block sizes ranging from 496 to 546 square metres.
The standout transaction involved 23 Dover Road, previously operating as the Rose Bay Family Medical Centre. The vendor had struggled to attract interest at $8 million over a nine-month period, but the property ultimately sold for $16 million. Records show it last traded for $2.5 million in 2009.
Other homes involved in the deal had not changed hands since the 1990s, with some last selling for as little as $550,000.
Explanation of the Policy Shift
The new policy overrides existing local council rules relating to height and floor space ratios. It encourages construction of dual occupancies, terraces, townhouses, and apartment buildings ranging from three to six storeys. Stage 1 of the policy began on 1 July 2024 and permitted dual occupancies in R2 low-density residential zones across NSW.
The Department of Planning and Environment stated the policy aims to provide better housing diversity and address the shortfall between detached homes and high-rise developments. The policy is expected to support delivery of 112,000 homes across the state over five years.
Agents involved in the Rose Bay transaction—Alex Lyons and Ric Serrao of Raine and Horne Double Bay—confirmed high interest from developers following the policy announcement, although confidentiality agreements limited specific commentary.
Fortis Property Group Director Charles Mellick confirmed the company had purchased the site with long settlement terms to allow time for planning approvals and construction commencement. He acknowledged the housing policy was the motivating factor behind the purchase.
While property owners within the zone have seen substantial value increases, those just outside the 800-metre boundary are unlikely to benefit, raising concerns about inequity.
As the Low and Mid-Rise Housing Policy rolls out across NSW, Rose Bay has emerged as one of the earliest examples of its significant market impact. While some homeowners may benefit from surging property values, future development will test the policy’s broader implications on community infrastructure and livability.
A controversial bus stop advert rollout in Rose Bay, Double Bay, and surrounding areas has triggered significant backlash, with locals citing safety risks and aesthetic concerns.
Residents are asking for a council review and a state investigation, saying that the commercial scale of the nearly 40 installations is akin to a “Times Square” intrusion into otherwise “quiet, village-like” communities.
Luxury Brand Ad Shelters Draw Criticism Over Safety Risks
The advertising shelters, introduced in March 2024 through a deal between oOh! Media and Woollahra Council, offer premium ad space for luxury brands at no direct cost to ratepayers.
However, the project has sparked complaints about obstructed driver visibility, pedestrian hazards, and light pollution, with reports of near misses and at least one accident. The NSW Ombudsman is now investigating the issue, and the council is reassessing some locations.
Community Concerns Over Aesthetic and Safety Risks
Residents argue the large-scale advertising panels clash with the areas’ heritage charm and disrupt its streetscape. More urgently, some bus stops have blocked sightlines at intersections, forcing pedestrians, including parents with prams and wheelchair users, onto the road.
Lack of Consultation Fuels Backlash
Locals say they were not properly consulted, only noticing the project when markings appeared on footpaths. Many feel the council has ignored community concerns, prompting a push for smaller, less intrusive shelters.
The Lyne Park Playground in Rose Bay now features a unique flying boat play structure directly linked to the area’s history as a former international airport. The playground was recently upgraded, and a range of new play equipment for children of all ages was added.
The newly reopened playground includes various additions designed to cater to a broad range of children. The centrepiece, the flying boat, allows for climbing and imaginative play, reflecting the site’s past. A double flying fox has been installed, providing an exciting experience for older children. A four-bay swing set, equipped with seven different types of swings, ensures accessibility for children with varying abilities.
A sensory walkway and water play zone have also been added, offering tactile and interactive experiences. For those seeking a quieter experience, a nature play area has been created. The recent improvements also included the addition of a toddler bike trail and animal rockers, ensuring very young children have areas to enjoy. The installation of new soft fall surfaces enhances the safety of the playground.
Community and Historical Significance
Community feedback informed the design and implementation of the playground upgrade, with local residents shaping the final outcome. The flying boat structure reminds us of Rose Bay’s historical role in aviation.
The project was made possible through funding from Woollahra Council, the NSW Department of Planning and Environment’s Places to Play, Metropolitan Greenspace Program, and the Australian Government’s Investing in our Communities Program.
A joint effort between the local, state, and federal governments funded the upgrades to Lyne Park Playground. The Woollahra council worked with the NSW and Australian governments to secure the necessary funding for the project.
The NSW Department of Planning and Environment’s Places to Play, Metropolitan Greenspace Program, and the Australian Government’s Investing in our Communities Program contributed funding, alongside Woollahra council. The community was involved in the concept design process.
The record-breaking sale of 12 Dumaresq Road for $55 million has shattered the Rose Bay house price record by $5 million, establishing a new benchmark for the prestigious harbour suburb. The Bruce Stafford-designed residence sold after a significant $20 million price reduction from its original $75 million asking price.
This transaction decisively surpasses the previous Rose Bay record of approximately $50 million set in 2018 when Brett Blundy’s Bayview Hill Road property was purchased by Lawrence and Sylvia Myers. Both record sales were handled by the same agency, Pillinger.
The property’s prime location offers direct access to Dumaresq Reserve and the waterfront, positioning it among Rose Bay’s most coveted addresses. With panoramic harbour views extending to the Sydney Harbour Bridge and city skyline, the six-bedroom mansion exemplifies the high-end architectural style that has increasingly defined Rose Bay’s premium real estate market.
Originally purchased for $26.9 million in 2014 by businessman Frank Qiang Geng and Juanjuan Zhao, the property has more than doubled in value over the past decade, highlighting Rose Bay’s strong performance in Sydney’s luxury property sector.
The sale comes as Geng and Zhao prepare to move to Point Piper following their purchase of the waterfront mansion “Rockleigh” for approximately $82 million, suggesting continued movement within Sydney’s eastern suburbs premium market.
While sales agents Brad Pillinger and Michael Pallier declined to comment on the transaction, the listing’s removal from realestate.com.au indicates the deal has been finalised after an earlier agreement at the reduced price reportedly fell through.
Woolworths Group has placed a prestigious mixed-use development site in Rose Bay on the market, offering a rare opportunity to acquire a prime Eastern Suburbs property. The site, located at 488-492 Old South Head Road & 30 Albemarle Avenue, is being exclusively marketed by Stonebridge Property Group.
Stonebridge Property Group has been appointed to manage the sale of this highly sought-after Rose Bay site, currently operating as a Direct to Boot drive-thru facility for Woolworths. Plans for the site include a full-line Woolworths supermarket and 13 luxury residential apartments, offering a combination of retail convenience and premium living in one of Sydney’s most affluent suburbs.
Situated in a high-demand, underserviced retail zone, the proposed development will feature 65 car spaces and five Direct to Boot bays, designed to enhance accessibility and meet modern shopping needs.
Luxury Living Meets Retail Convenience
Designed by PBD Architects, the development (PP-2022-731) will combine residential and commercial spaces in a contemporary setting. The apartment mix includes:
2 x two-bedroom apartments
10 x three-bedroom apartments
1 x four-bedroom apartment
Each residence will include basement parking, catering to the lifestyle expectations of Rose Bay’s high-income demographic. The project’s retail component is expected to fill a gap in the area, as the Woolworths supermarket will be the only full-line store within the Main Trade Area.
Photo Credit: Stonebridge Property Group
A Strategic Investment in a Prime Location
The site is positioned as a rare opportunity due to the limited availability of development-ready land in Rose Bay. With the retail and residential components carefully designed, it presents strong investment potential.
Over the past five years, retail space has remained in short supply in Sydney, increasing the demand for developments that integrate essential services with luxury living. Given that this project will house the only full-line supermarket in the vicinity, it is expected to generate significant interest from both residents and investors.
Photo Credit: Stonebridge Property Group
Approximately one-third of the site’s on-completion value has already been secured through a long-term lease agreement with Woolworths, while the remaining value lies in the high-end residential offering. This combination enhances the site’s appeal as both a stable commercial asset and an exclusive residential opportunity.
Key Development Details
Address: 488-492 Old South Head Road & 30 Albemarle Avenue, Rose Bay, NSW
Size: 2,257 sqm* across two titles with MU1 & R2 Zoning
Proposed Build:
2,500 sqm Woolworths supermarket
13 premium apartments
Lease Agreement: 10-year lease to Woolworths with 10 x 5-year options
Parking: 65 spaces, including five Direct to Boot bays
The Expressions of Interest (EOI) campaign for the Rose Bay development site is set to close at 4 p.m. on Tuesday, 25 March 2025. Potential buyers are encouraged to arrange inspections and seek further details through Stonebridge Property Group, the exclusive selling agents.
