Billyard Ave: Mansions Global

As reported by Kirsten Craze | Full story here

Amid a Troubled Market, Australia’s Developers Are Still Upping the Ante.

New luxury developments this season include lavish apartments in the Gold Coast, a garden-centric Melbourne project and more.

Australia’s developers are having to prove their level of luxury and staying power amid a variety of pressures facing the country’s housing market. 

The Australian construction industry is in turmoil with more than 2,000 small, medium and large builders and developers collapsing over the past two years, more than two a day, in the face of rising interest rates, inflation and supply-chain issues, according to data from the Australian Security and Investments Commission. But those who have remained are holding their own, especially across the more populous eastern seaboard locations where “lifestyle” is still king.

Indeed, access and views of water is high on new apartment buyers’ wish lists, so are in-house wellness facilities and meticulously curated interiors by revered designers. 

Plenty of low-rise boutique developments and high-density projects are in the pipeline, and new apartments are still selling with big price tags thanks to a critical housing shortage across the board.

This collection of new developments demonstrates that even in the midst of a cost-of-living crisis, builders still see the need for prestige property in the Australian real estate landscape

Billyard Ave, 29 Billyard Ave, Elizabeth Bay, Sydney

Sydney’s coveted Elizabeth Bay has experienced an architectural renaissance in recent years. The prime pocket located along the waterfront in the Harbour City’s sought-after eastern suburbs has seen a number of new luxury developments take shape including Billyard Ave.

The residences are a blend of European-inspired design with an homage to the Art Deco era. A boutique building, Billyard Ave is home to eight north-facing properties each with more than 3,875-square-feet of internal living space and most have harbor views. 

With just two apartments per floor, layouts include ground-floor, terrace-style garden residences, sub-penthouses or a whole-floor penthouse. Although the private complex doesn’t have resident amenities, the spacious floor plans include four bedrooms, four bathrooms, multiple living areas, multipurpose rooms to be tailored to an owner’s needs and three car spaces with underground storage bays.

Behind the uniquely curved facade, the apartments feature stylish finishes such as etched natural stone flooring, handcrafted wooden joinery and large windows made to draw in light and the surrounding grounds designed by renowned landscape architects Dangar Barin Smith. 

Many high-end boutiques and eateries are right on the doorstep of Billyard Ave including the pedestrian-only Llankelly Place dining precinct, Elizabeth Bay Cellars and Fratelli Paradiso, or nearby in Potts Point at the Macleay Street Bistro and Bistro Rex.

Billyard Ave recently launched to market with an expected completion date of June 2024.

Number of Units: 8

Price Range: A$15 million (US$10.18 million) to A$32.5 million

Developer/Architect: P3 Living and North East Corp/SJB

Residence Sizes: Four-bedroom apartments  

Amenities: Billyard Ave has no shared resident facilities but features landscaped gardens by Dangar Barin Smith.