PHOTO: Actress Cate Blanchett has come a long way since she bought her first Sydney home. Photo: MARIO ANZUONI / REUTERS

The year 1996 was a momentous one for two-time Oscar-winner Cate Blanchett. She met Andrew Upton, now her husband, she was nominated for a Green Room Award for her performance as Ophelia in Neil Armfield’s production of Hamlet and she made her first foray into the Sydney housing market.

That one-bedroom pad on the ground floor of a block of 12 apartments was humble compared with the property heights she has since risen to – it’s most notable feature was its position a block from the beach.