An amalgamated Rose Bay site has changed hands in a deal worth about $150 million, in what Raine & Horne describes as one of Australia’s biggest residential property transactions.
The sale, negotiated by Raine & Horne’s Double Bay office, combines multiple neighbouring properties in Rose Bay and could significantly change how this part of the suburb is used in future.
A major deal for the eastern suburbs
The landmark site, spanning about 3,000 square metres across 33–37 Dover Road and 2–30 Wilberforce Avenue, includes five houses and two unit blocks. The site’s zoning allows for a six-storey building with a 22-metre height limit, making it a significant redevelopment opportunity in Sydney’s eastern suburbs.
The deal was led by agent Alex Lyons and his team at Raine & Horne Double Bay, who handled the sale of the amalgamated Rose Bay site. The buyer has not been officially confirmed, but industry sources allege it is Graeme Skerritt, owner of Pathways Aged Care, and that he is reportedly planning a luxury aged-care facility on the 3,000-square-metre site.
What this means for the Rose Bay community
For Rose Bay residents, the sale is about more than the headline price, as it is likely to influence how this pocket of the suburb is redeveloped. The site sits within Rose Bay’s harbourside area, which is known for its village-style shopping strips, nearby schools and proximity to the CBD.
Any future plans for the block are expected to draw close attention from local residents, given the size and location of the property.
High-value sites with flexible planning potential are typically sought after in lifestyle-rich suburbs like Rose Bay, and this transaction appears to fit that pattern. Agents say the sale reflects strong demand for prestige landholdings in Sydney’s east, even as the broader housing market moves through different cycles.
Published 4-Nov-2025