Federal Budget 2026: what it means for you in the property market

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The trends, features 
and suburbs defining 
luxury in 2026

The property at 9/537 Elizabeth Street is being marketed by Ray White Touma Taylor - Potts Point | Elizabeth Bay sales agent Walter Burfitt-Williams with a price guide of $925,000.

Purchased in 2019 while Mr Pirrello was living in New York, the sleek, lock-up-and-leave pad served as his personal Sydney base during frequent international work trips.

Mr Pirrello said the property was rented out when he was away for long periods of time.

The boutique building, ‘537 Elizabeth’, features 12 residences with two units per floor and no common walls.

Crafted by Woods Bagot’s renowned design director Dominic Alvaro, the development won the prestigious 2020 Award for Residential Architecture - Multiple Housing by the Australian Institute of Architects.

“When I was coming back to Sydney from holidays or work, I wanted something centrally located that was smart, light-filled, and cleanly designed,” Mr Pirrello said.

“Because it was designed by my own company, I knew it was a high-quality development.

“For a one-bedroom apartment, the amount of natural light is incredible.

“The floor-to-ceiling windows and corner positioning really open up the space and make it feel much larger.”

Positioned on the rear south-west corner of the building for optimum quiet, the apartment features a sun-washed living and dining area, a vibrant balcony, a pristine kitchen with integrated Miele appliances, and bespoke cabinetry throughout.

It also includes a generous bedroom with ensuite access, ducted air conditioning, a European laundry, a storage cage, and access to a stunning common roof garden with a barbecue area.

While configured as a spacious one-bedroom layout, the property has a distinct advantage with its separate, oversized home office.

“It's incredibly well-thought-out inside and out,” Mr Pirrello said.

“It perfectly suits someone who wants to work from home because the separate study is large enough that it can easily function as a second bedroom.

“It’s also an ideal fit for retirees looking for that vibrant, urban city lifestyle close to museums, galleries, and dining.”

Located just 400 metres from Central Station, the apartment offers effortless access to Surry Hills’ famous bar and café scene, and sits just two blocks from Prince Alfred Park Pool and the new Wunderlich Lane precinct.

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