Sydney, October 2026 —Billbergia‘s Billbergia’s landmark Rhodes Central masterplan is nearing sell-out, with the $3 billion development reaching another milestone following the record-breaking $6.35 million sale of a four-bedroom penthouse in Peake Tower, setting a new residential price record for Rhodes.
The developer’s three-stage Rhodes Central masterplan represents one of Sydney’s most substantial residential developments, with the two Stage Two towers comprising 674 apartments positioned above a $90 million community recreation centre at 43 Walker Street in the heart of Rhodes town centre.
The near-complete absorption demonstrates sustained demand for premium, house-like apartments in Sydney’s inner west, with Billbergia reporting a clear shift towards owner-occupiers and families seeking larger floorplans with resort-style amenity and transport connectivity.
Rhodes Central Stage Two Reaches Final Release
With only 11 apartments remaining available across the 48-storey Peake and 43-storey Oasis towers, Rhodes Central has become one of Sydney’s fastest-selling residential precincts.
Remaining stock comprises one-bedroom apartments from $960,000, two-bedroom apartments from $1.62 million and three-bedroom apartments from $1.65 million.
The sell-through was underscored by a recent $6.35 million penthouse sale in Peake Tower, which set a new residential price record for Rhodes and eclipsed the previous suburb benchmark by 41 per cent. That earlier record was established by a penthouse sale in the neighbouring Oasis Tower in December 2025.
Billbergia Sales Manager John Kim said the results reflected fundamental change in the Rhodes apartment market over two decades.
“Over the past two decades, we have seen a clear shift towards more owner-occupiers and families choosing apartment living in Rhodes. That change is creating robust demand for larger floorplans and house-like apartments that offer space, privacy and premium amenity without sacrificing connectivity.”
$3 Billion Rhodes Central Masterplan Delivers Resort-Style Living
The three-stage Rhodes Central masterplan integrates residential towers with community infrastructure and transport connectivity across the Rhodes peninsula precinct.
Stage Two’s Peake and Oasis towers offer residents direct access to transport, retail, dining and recreation, with the development positioned within walking distance of Rhodes railway station and major shopping centres.
At the heart of the development is an urban amenity zone designed to provide house-like lifestyle amenities within a high-density residential environment. Facilities include landscaped podium gardens, an expansive outdoor pool, spa and sauna, poolside grill and alfresco dining area, cinema, games room, shared work-from-home library, children’s play area and pet-friendly pocket park.
The two towers rise above the award-winning $90 million Rhodes Recreation Centre, a community hub featuring a fully equipped gym, multipurpose sports courts, a competition-level gymnastics centre, allied health services, childcare, retail and bookable community spaces.
Billbergia Agency Partnership Model Supports Rhodes Central Sell-Through
Billbergia’s sales strategy for Rhodes Central incorporates long-term partnerships with external agencies to connect premium residences with qualified buyers.
The recent $6.35 million penthouse sale was facilitated through Patron Investments, a partner agency that has worked with Billbergia for a decade and ranks among the developer’s top-performing agents.
The buyer was represented by Steve Guo of Patron Investments following an extensive search for a home after relocating to Sydney.
Mr Kim said collaboration with external agents was integral to achieving optimal results for distinctive residences.
“Our penthouses are highly distinctive homes. Achieving the best result requires a collaborative approach supported by strong market knowledge and trusted buyer relationships.”
Mr Kim said the record-breaking transaction demonstrated the value of long-term agency relationships.
“Patron Investments understood both the calibre of the residence and what the buyers were seeking. This result demonstrates the value of long-term agency partnerships in reaching qualified purchasers and delivering outstanding outcomes.”
House-Like Apartments Drive Rhodes Central Demand
The rapid absorption of Rhodes Central reflects growing demand from buyers seeking house-sized residences with the space and amenity of traditional freestanding homes within high-density, transport-connected precincts.
The record-breaking Peake Tower penthouse spans 220 square metres across two levels and features four bedrooms, a private rooftop garden terrace with uninterrupted 270-degree views, BBQ lounge area, cinema and premium finishes throughout.
Mr Guo said Rhodes offered a unique combination of waterfront lifestyle, convenience and quality residences increasingly difficult to find in Sydney.
Rhodes stood out as the ideal choice for buyers seeking generous living space, high-quality finishes and exceptional convenience, he said, with the peninsula location offering water views on three sides, major shopping centres and a train station within easy reach.
The development’s integration of large-format apartments with extensive resort-style amenity and community infrastructure positions Rhodes Central as a family-focused alternative to traditional detached housing in Sydney’s established suburbs.
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