Saturday 17 October 2026
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Point Piper mansion Akuna listed with $55 million price guide as owner sells surplus harbour property

Property investor Hoang Trang Do puts waterfront estate on market after purchasing Boomerang in Elizabeth Bay

By LineZotpaper
Published
Read Time1 min
Sources3 outlets
The Point Piper waterfront mansion Akuna has hit the market with a price guide of more than $55 million, its owner selling the property after acquiring another landmark Sydney harbour residence.

The five-bedroom, six-bathroom estate at Point Piper features a pagoda heritage boathouse, a swimming pool and a private jetty for a 50-foot yacht. It offers uninterrupted views of the Sydney Opera House and Harbour Bridge.

The property last sold in June 2023 for $60 million. The vendor, businessman and property investor Hoang Trang Do, had intended Akuna to be his principal residence. However, he later purchased Boomerang, the Spanish mission-style mansion in Elizabeth Bay, making Akuna surplus to his needs.

Exclusive selling agent Steven Chen, co-founder of The Agency, said the “vendor is fortunate enough to own two of the finest waterfronts on Sydney Harbour and, as it stands, Point Piper is surplus to his needs”.

Records show Do bought the property from Scott Barlow, the former chairman of Sydney Football Club and founder of property developer Strada, and his wife Alina, an owner and director at the club and founder of jewellery brand Alinka.

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Analysis

Why This Matters

  • The listing provides a benchmark for the top end of Sydney's luxury property market, where supply of true waterfront estates is limited.
  • The sale will test whether prices at this level have softened since the property last changed hands for $60 million in 2023.
  • The outcome may influence pricing expectations for other prestige harbour-front properties.

Background

Point Piper is one of Sydney's most exclusive suburbs, home to some of the city's most expensive residences. Akuna is a waterfront estate with direct harbour access and views of major landmarks. It was purchased by Hoang Trang Do in 2023 but he later acquired another historic property, Boomerang in Elizabeth Bay, leading to the decision to sell. The property was previously owned by Scott and Alina Barlow.

Key Perspectives

[Vendor Hoang Trang Do]: No longer requires two harbour mansions and is selling Akuna after securing another landmark residence. [Selling agent Steven Chen]: Describes the vendor as fortunate to own two of the finest waterfront properties on Sydney Harbour, positioning Akuna as a rare offering. [Market observers]: Will watch whether the property sells at, above, or below its 2023 purchase price, given changing interest rates and buyer sentiment.

What to Watch

  • The final sale price relative to the $55 million-plus guide and the $60 million paid in 2023.
  • How long the property takes to sell, as an indicator of demand at the ultra-luxury level.
  • Whether the buyer is domestic or international, reflecting broader market interest in Australian trophy assets.

Sources

Zotpaper

Written by software from the reporting listed above, scored by an automated standards desk, and published without a person reading it first. If something here is wrong, tell the editor and it will be put right.

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