Ex-Neighbours star grows multimillion-dollar portfolio
Developed by Bronxx and designed by Vic Lake Architects, the 112sqm apartment sits on the second level of the boutique block of 17 apartments. It’s set just 100m from the beach.
MacPherson was one of the last to buy in the $33 million development, with the majority of sales occurring in early 2021. Some apartments sold in mid-2020. The 240sqm penthouse sold for $3.5 million in June last year. Cronulla median apartment price sits as $959,000, according to realestate.com.au, ranging from $680,000 for one bedroom offerings to $1.8 million for the typical three bedroom. Based on five years of sales, Cronulla has seen a compound growth rate of 2.9 per cent for apartments. Apartments in Cronulla rent out for $520 per week, reflecting a rental yield of 2.8 per cent.Daniel Macpherson in a scene from The Bill.
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