Owner Occupiers Drive $46.5 Million Launch Success at Summit & Ridge

More than 80% of purchasers at the launch of Summit & Ridge (Stage 4) were owner occupiers, underlining the strong demand from buyers looking to live within Sekisui House Australia’s Sanctuary riverfront community. Forty-two apartments were sold valued at $46.5 million within three hours of the launch event with an average price of $1.107 million. 

“Buyers appreciated the larger layouts in this stage and the sense of space Summit & Ridge offers. The combination of generous apartments, exclusive amenities and unique position on the Parramatta River peninsula helped with sales. Many told us they could picture themselves living here, it is a place that feels established, green and connected, yet private,” said Matthew Landa, Senior Sales Executive – Apartments & Mixed-Use Developments.  

The launch drew interest from local buyers within a 5km radius, as well as repeat purchasers from previous Sanctuary stages, with 15% of buyers upgrading their property portfolio through Sekisui House Australia’s Rewards Program. Purchasers also came from the Lower North Shore, Oatlands and the Inner West, highlighting the project’s broad market appeal.  

Comprising 488 apartments (Summit 39 storeys & Ridge 32 storeys), the first sales release focused exclusively on one and two-bedroom residences, priced from $720,000 to $1.3 million. One-bedroom apartments were popular, with purchasers valuing their limited supply, pricing and uninterrupted views across the Newington Nature Reserve, Parramatta River and picturesque views across the Blue Mountains. 

Summit & Ridge enjoys an enviable position on the Wentworth Point peninsula, the only built environment north of Hill Road, surrounded by water and a nature reserve. The project’s Neighbourhood Green, a 1.5-hectare landscaped parkland running through the heart of Sanctuary will also open soon. 

The towers by acclaimed architects TURNER are defined by organic, sculptural forms that frame views, guide movement and enhance the connection between nature and the city, a design approach that ensures Summit & Ridge will become a striking architectural marker within Sydney’s skyline. 

Summit will feature resident-only amenities on level 29 including a resort-style pool and sauna, while Ridge offers an outdoor cinema, sunset bar and dining space on level 23. At the base of Ridge, a 110-place childcare centre will further support growing families, reinforcing the masterplan’s focus on lifestyle and community. 

The interiors in the project by Henderson & Co., were inspired by the “natural elegance” of Sanctuary’s landscape setting, with efficient Japanese design principles enhancing space and light throughout the homes. 

  
“The fact that sales were achieved so quickly shows the strength of demand for quality, well-designed apartments in Sydney. Owner occupiers in particular see the long-term value of being part of a master planned community delivered by Sekisui House Australia, and that trust has been a major driver behind this success,” added Matthew. 

Sales momentum was further supported by the current downward trend in interest rates, creating favourable conditions for buyers. 

Engineer and investor Jason F purchased a one-bedroom apartment in Summit & Ridge. He said, “I like the Wentworth Point area which is experiencing exponential growth. Summit & Ridge is the jewel in Sanctuary’s crown. It has everything I’m looking for in an investment property with direct across to the ferry terminal, views overlooking the water, connectivity to the future Metro station and Rhodes as well as Marina Square Shopping Centre, all adding to its strong appeal to tenants. I have witnessed the changes in the suburb over the past few years and can see capital growth potential.” 

Laguna & Glade’s (Stage 3) recent completion has further reinforced purchaser confidence, giving buyers a first-hand view of Sekisui House Australia’s build quality and design execution. 

Nearby amenities include Marina Square Shopping Centre, Wentworth Point High School, ferry terminal, train station and the future Parramatta Light Rail.  

Three and four-bedroom apartments will be released at future launches.  Construction is anticipated to commence in Q4 2025 and completed by Q3 2028. 

Every apartment in Summit & Ridge will carry a 4 Gold Star iCIRT rating, an independent NSW Government-backed accreditation for integrity, capability and financial stability, giving buyers confidence they are investing in a home built to last. 

For more information visit www.sanctuaryapartments.com.au.