​​Colliers Takes the Lead with Apartment Blocks as Investor Demand Surges in Sydney ​ 

​​Recent sales in Mosman and Rose Bay highlight growing appetite for boutique residential assets, with more premium listings on the way. ​ 

Colliers is bringing two rare and highly sought-after boutique apartment blocks to market in Sydney, as investor appetite for tightly held residential assets continues to build. 

Leading the charge is 194 Spit Road, Mosman, a 1928-built character block offered for the first time in 32 years. Comprising four oversized three-bedroom apartments, each with parking and the potential to add more, the property is just 500 metres from Balmoral Beach. With an estimated annual income of $312,000, it’s expected to attract strong interest from both investors and owner-occupiers seeking a foothold in one of Sydney’s most exclusive enclaves. 

In Sydney’s east, 2 Wills Avenue, Waverley is also hitting the market for the first time in 60 years. Just 900 metres from Bronte Beach, the block features four two-bedroom apartments and offers scope to add parking and unlock further value. Its beachside location and long-held ownership make it a standout opportunity in a market where premium stock is increasingly scarce. 

“These listings represent the kind of generational assets that rarely come up for sale,” said Paul Grasso, Colliers Associate Director, Sydney Metro Sales | Investment Services. “We’re seeing a surge in demand for boutique apartment blocks in lifestyle suburbs, driven by a lack of new supply and strong interest from downsizers and investors alike.” 

The launch of these two properties follows the successful sale of two other boutique blocks, reinforcing the strength of the market. 

In Mosman, Colliers recently transacted 161–165 Middle Head Road for approximately $20 million, following a highly competitive campaign. The Art Deco walk-up comprises 10 residential apartments and two retail suites, with sweeping views over Balmoral Beach and the Sydney CBD.  

Meanwhile, in Rose Bay, 483 Old South Head Road sold for $6 million, reflecting a 3.9% net yield. The property, which previously held DA approval for a 19-room hotel, was acquired by a buyer intending to retain the existing improvements, highlighting the enduring appeal of income-generating residential assets in prime locations. 

Tom Appleby, Colliers National Director and Head of Sydney North | Investment Services, added, “Capital growth in this segment has been exceptional. The boutique scale of these assets, combined with secure income streams and long-term upside, continues to drive strong results.” 

With planning reforms and infrastructure upgrades enhancing development potential across key precincts, Colliers expects continued momentum in Sydney’s boutique apartment block market through 2025 and beyond.