North Sydney’s growing apartment market is spearheading a surge in Sydney’s luxury property sector, as exemplified by new projects such as The Walden, from leading multidisciplinary gold star iCIRT rated development and construction company ALAND.
Following The Walden’s official sales launch, ALAND has announced that 55% of the Stage One release achieved $103 million in exchanged contracts within three hours.
Situated at 177 Walker Street, North Sydney, The Walden boasts a front-row position on the eastern fringe of the North Sydney CBD, offering uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.
These exceptional harbour views, not to mention North Sydney’s relatively limited housing supply compared to other North Shore suburbs, as well as high demand from a wealthy downsizer demographic and a growing population, is driving the strong demand and premium prices commanded in the area.
Data from realestate.com.aui shows North Sydney apartment prices soared in the 12 months between September 2024 and August 2025, recording price growth of nearly 10% – against an average year-to-date growth across wider Sydney of just 0.7%, according to NABii.
The harbourside suburb also continues to benefit from significant government and private sector investment, which is changing the face of North Sydney as it transitions to an 18-hour a day living, dining and recreation hotspot – with more spending set to come over the next decade.
According to ALAND Founder Andrew Hrsto, North Sydney has fast become a sought-after destination for discerning property buyers.
“It’s clear that North Sydney’s changing rapidly, and property buyers are excited both by what’s on offer in the suburb now, as well as what’s yet to come,” Hrsto explained.
“Against this backdrop, The Walden is set to become a benchmark for luxury living in North Sydney, and it’s perfectly poised for buyers to capitalise on the continued growth and transformation in the local area.
“With its unrivalled amenities, refined design, and rare balance of sophistication and community connection, The Walden delivers a lifestyle unlike anything else on the market. Residents will enjoy access to a comprehensive suite of facilities, including a fully equipped gym, wellness and treatment room, spa, wine cellar, resident lounge, private dining room, pool, dedicated work-from-home and meeting spaces, as well as the convenience of a dedicated concierge.”
Ben Stewart, Partner at SRM Residential, which is overseeing sales at The Walden, says North Sydney offers the perfect balance of city convenience and lifestyle appeal for prospective buyers.
“Apartment sales in North Sydney have remained robust throughout 2025, and today’s opening sales at The Walden reflect strong buyer confidence in the area’s ongoing revitalisation,” said Mr Stewart.
“All the purchasers I spoke to are appreciating the unparalleled amenity and expansive apartments, coupled with North Sydney’s connectivity through the Metro with Barangaroo accessible in three minutes and Martin Place in five – all these factors are key drivers for a purchaser demographic that includes lower North Shore owner-occupiers and downsizers, plus a few city-based, high-end investors.
“The Walden has the best views in this part of the North Shore which can never be built out, with 70% of apartments enjoying front row views of the harbour.
“Also, the design and sizing of apartments at The Walden is a level above the majority of other projects on the market, and we’re seeing buyers prioritise well-designed apartments that offer both lifestyle appeal and long-term investment potential. ALAND’s 23 years of delivery success, backed its Gold Star iCIRT rating and Latent Defect Insurance (LDI) have been embraced by this market.”
ALAND will commence construction of The Walden in early 2026, ahead of planned completion by 2028.
For further information about The Walden, or to book a VIP appointment in the project’s display gallery at Level 18 / 124 Walker Street, North Sydney, visit thewalden.com.au or call 1800 849 329.
i https://www.realestate.com.au/nsw/north-sydney-2060/
ii https://www.nab.com.au/content/dam/nab/documents/reports/loan/sydney-property-market-insights.pdf
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