Nicole Kidman is leading the way when it comes to a new trend in Sydney property.
Many of the port city's elite, including celebrities and CEOs, spend big on smaller homes.
In May it was reported that the homegrown Hollywood superstar, 56, had bought her sixth apartment at the swank Landmark Latitude complex in Milsons Point on the North Shore.
The Big Little Lies star paid a cool $7.7 million for the chic three-bedroom, which offers stunning views of Sydney Harbour.
Kidman and husband Keith Urban, who own real estate under various business names, brought their total for the building to $27.5 million with the purchase.
Nicole Kidman is leading the way when it comes to a new trend in Sydney property that sees well-heeled people spending big on smaller homes. Pictured: Nicole Kidman on the red carpet in New York last month
In May, it was reported that the homegrown Hollywood superstar, 56, had purchased her sixth apartment in the eye-catching Landmark Latitude complex in Milsons Point on the North Coast (view from one of the apartments within the prestigious location).
The A-lister's penthouse apartment in the complex is now the best-selling unit in the tower.
Meanwhile, 5km further up the coast at Mosman, every apartment in a new development was removed from the plan in just two hours in May.
The block, built by Helm and called 'Reverie', overlooks the Allan Border Oval, will have 20 luxury units when completed in 2025.
The complex's rooftop penthouse, meanwhile, fetched $15 million, setting a record sale price in the suburb, The Mosman Daily reported on Monday.
Buyers spent up to $10.5 million for a three-bedroom apartment on the block, while two-bedroom apartments reportedly went under the hammer for $4 million.
Features include wooden floors and marble benches, while select apartments have a bar.
The Big Little Lies star paid an eye-watering $7.7 million for the chic three-bedroom, which offers stunning views of Sydney Harbor (a view from the same building).
While Kidman and her husband Keith Urban own properties under different business names, their total balance in the building is $27.5 million. Pictured: A look into one of the apartments in Nicole's apartment block
The penthouse features a wine cellar, walk-in closets and a gourmet kitchen.
Meanwhile, former Qantas boss Alan Joyce and his husband Shane Lloyd achieved the highest sale price in the neighborhood.
The couple, who never actually lived in their Mosman Federation-era mansion, sold the sprawling property for a reported $21 million.
The magnificent sandstone pile was purchased last year for $19 million and features a pool, harbor views and four bedrooms.
Another North Shore record was broken this year, reports The Mosman Daily, when George Michael's beach resort sold for $13.5 million.
In neighboring Mosman, just minutes from Nicole's Milsons Point building, every apartment in a new project was demolished from plan in just two hours in May. Pictured: An artistic representation of the “Reverie” project
Pictured: An artist impression. The complex's rooftop penthouse fetched $15 million, setting a record sale price in the suburb, The Mosman Daily reported on Monday
Located in Palm Beach, 19 miles from the central business district, the former Wham singer used the five-bedroom apartment, which last sold for $5.8 million in 2020, as a retreat during his stay Down Under.
One celebrity downsizing on Sydney's North Shore this year was Big Little Lies author Liane Moriarty.
For the bestseller, a stunning mansion in Mosman was sold for a reported $19.5 million.
Nicole Kidman and Keith Urban on the red carpet last month
Moriarty, 56, who has sold more than 20 million books, bought the sprawling home with her husband Adam Gatenby in June after it was originally listed with a guide price of $19 million, Domain reports.
The ultra-modern waterfront home is spread over three levels, has five bedrooms and five bathrooms and offers spectacular views of Sydney Harbour.
Designed by renowned architect Susan Rothwell, the home is located in one of Sydney's most desirable neighborhoods and overlooks Balmoral Beach.
Highlights include an internal elevator, a majestic curved staircase, limestone floors and custom joinery.