PHOTO: One of Australia’s best-known names in the wine industry has made another significant move in the luxury property market. Lisa McGuigan. SUPPLIED
🍇 Lisa McGuigan, fourth-generation winemaker and founder of the internationally recognised Tempus Two wine label, has secured an impressive $8.5 million apartment in Sydney’s prestigious 111 Castlereagh Street development.
The purchase highlights continued demand for premium residential property in Australia’s largest city, despite broader market uncertainty.
Winemaker Lisa McGuigan has bought into the CBUS project 111 Castlereagh. Picture: realestate.com.au
The tower offers resident amenities including a rooftop garden with dog park and open-air pool. Picture: realestate.com.au
🏙️ Inside One of Sydney’s Most Exclusive Addresses
Located above the iconic David Jones Menswear Building, the completed 111 Castlereagh Street redevelopment has quickly become one of Sydney’s most talked-about luxury residential projects.
McGuigan’s new residence features:
🏠 Three bedrooms
📐 Approximately 160 square metres
🌆 Premium CBD location
🌿 Access to luxury resident facilities
The striking development blends heritage architecture with modern luxury, combining the restored 1938 David Jones building with a spectacular 22-level curving residential tower designed by FJC Studio.
✨ Luxury Amenities Designed for Modern Living
Residents enjoy access to some of Sydney’s most impressive apartment facilities, including:
🌳 Rooftop landscaped gardens
🐶 Dedicated dog park
🏊 Open-air swimming pool
🌇 Panoramic city views
🏙️ Premium resident amenities
The project has become a showcase of luxury apartment living in Australia’s CBD.
🍷 Property Isn’t New Territory for Lisa McGuigan
Lisa McGuigan is no stranger to premium real estate.
Before purchasing at 111 Castlereagh, she previously owned apartments in:
✔️ Pomeroy, Potts Point
✔️ The Residence, Hyde Park
Her latest acquisition continues a long history of investing in prestigious Sydney residential property.
💰 Premium Apartment Market Continues to Perform
The 111 Castlereagh project has generated significant attention across Australia’s luxury property sector.
Recent settlements within the development have ranged from:
💲 $1.9 million
➡️ up to
💲 $13.7 million
Several apartments have already sold for more than $10 million, demonstrating continued buyer demand at the top end of Sydney’s property market.
⚠️ Not Every Settlement Went Smoothly
Like many luxury apartment developments completed during changing market conditions, the project wasn’t without challenges.
Some buyers reportedly experienced valuation shortfalls and delayed settlements as lending conditions tightened.
However, developer Cbus Property says virtually all purchasers have now settled successfully, with only a small number of contracts outstanding.
The developer has described buyer feedback following completion as overwhelmingly positive.
🏡 Sydney’s Prestige Market Shows Ongoing Strength
While many parts of Australia’s housing market continue to adjust to higher interest rates, prestige property continues to attract affluent buyers seeking premium lifestyle locations.
Luxury developments offering exceptional design, quality construction and landmark addresses remain highly sought after by successful professionals, business leaders and high-net-worth individuals.
Lisa McGuigan’s latest purchase reinforces the resilience of Australia’s premium apartment sector.
📊 Property Noise Take
Luxury property often tells a very different story from the broader housing market.
While many Australians are navigating affordability pressures and rising mortgage costs, premium developments in blue-chip locations continue to attract significant investment.
Projects such as 111 Castlereagh Street demonstrate that buyers with confidence and capital remain willing to pay top dollar for exceptional homes in world-class locations.
SOURCE: NEWS.COM.AU