​​Rare Boutique Development Site Hits the Market in Wollstonecraft​ 

​​Colliers brings Wollstonecraft development site to market on behalf of Sisters of Mercy North Sydney and St Vincent’s Health Australia.​ 

Colliers is proud to bring to market  Mater Heights, a prime residential development site in Wollstonecraft, offered on behalf of the Sisters of Mercy North Sydney and St Vincent’s Health Australia. Comprising six free-standing homes across Gillies and Sinclair Streets, the site sits directly adjacent to Mater Hospital North Sydney. 

Totalling 3,158.8 sqm, the landholding spans three street frontages and is zoned R4 High Density Residential. Under the NSW Government’s Crows Nest Transit-Oriented Development (TOD) planning reforms, the site benefits from an uplifted 2:1 Floor Space Ratio and a 23-metre height limit, unlocking potential for a medium-scale residential project in one of Sydney’s most connected and desirable suburbs. 

“This joint sale reflects the enduring partnership between Sisters of Mercy North Sydney and St Vincent’s Health Australia, with proceeds to be reinvested into their mission of delivering healthcare and supporting marginalised communities,” said Sister Jennifer Ryan. 

Guillaume Volz, Colliers National Director | Residential, said, “Mater Heights is positioned in the heart of Wollstonecraft, adjacent to one of the North Shore’s leading hospitals and just a short walk to the vibrant Crows Nest village. It presents a unique opportunity to deliver a boutique development with elevated views, ideally suited to the current market.” 

“The Crows Nest TOD has emerged as one of the most successful planning initiatives in NSW, attracting strong developer interest. What sets this site apart is its boutique scale within a rapidly evolving metropolitan centre, perfectly aligned with demand from local downsizers and upgraders seeking quality without high-rise living,” Mr Volz added.  

Marina Corvalan, Colliers Associate Director, Residential Development Sites, noted, “Despite the planning uplift, land ownership in this area remains highly fragmented. Opportunities like Mater Heights are rare and difficult to replicate, even within landmark planning frameworks.” 

Eugene White, Colliers Director, Residential Development Sites, added, “There are many developers who share the values of the vendors. Beyond commercial returns, this site offers a chance to contribute meaningfully to a mission centred on care and community.” 

Mater Heights follows Colliers’ successful sale of 8–24 Nicholson Street, Wollstonecraft—also within the Crows Nest TOD precinct, which achieved a sale price exceeding $60 million. 

Mater Heights is being offered for sale via Expressions of Interest, closing Wednesday, 1^st October 2025 at 3pm.