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

READ MORE

The trends, features 
and suburbs defining 
luxury in 2026

Following a whirlwind three-week campaign, the five-bedroom property at 36 Hastings Road, Warrawee was sold on 20 May by Ray White Upper North Shore sales agents Tim Fraser and Shannon Lowe- Griffiths.

“The extraordinary turnout reflects a highly active premium market looking for long-term lifestyle assets,” Mr Fraser said.

“This was the busiest open home we've seen this year, which is incredibly reassuring for the area and proof that buyers at this end of the market are actively pursuing good opportunities.

“With land becoming increasingly constrained across Sydney, a genuine family tennis court is now a very limited opportunity.

“This is the kind of property families hold onto for generations because it offers something incredibly difficult to replace - space, lifestyle, and the ability to create lasting family memories at home.”

Mr Lowe-Griffiths said the sale highlights the intense demand for rare, large-scale prestige properties on the North Shore, particularly those featuring private tennis courts, which represent a mere 0.53 per cent of houses sold across Sydney.

The sprawling 2,618sqm estate is famous for its 1917 sandstone veranda, original 1904 gardens, and a full-sized tennis court.

Mr Fraser said the campaign saw 52 groups through the gates, resulting in seven contracts issued and four competitive buyers vying for the keys.

“The successful buyers are a local family with two young daughters,” Mr Fraser said.

“The father, a local builder, fell in love with the estate at first sight, recognising it as a passion project.

“The family plans to meticulously restore and reimagine the historic home, blending modern luxury with the estate's landmark heritage.”

Up next

Young rentvestors reassess property strategy after Federal Budget changes
Back to top