Coronation achieves $50 million in sales within two hours at Archer & Albert launch

Coronation Property has recorded $50 million in sales within the first two hours of the public launch of Archer & Albert, its 32-storey, 150-residence development in the centre of Chatswood, in Sydney's north.

Two and three-bedroom homes were the strongest sellers across the launch on the weekend, with more than 150 groups inspecting over the two days.

Chatswood Chase and Westfield Chatswood are approximately 350 metres away, and the Metro, The Concourse, the library and the dining along Victoria Avenue are all within an easy walk. 

Coronation Property, head of sales, Cameron Porter said the strong result reflected high demand for larger-format homes in well-connected, established neighbourhoods.

“Achieving $50 million in sales within the first two hours was a strong response, particularly for the larger residences,” Cameron said. 

“Two and three-bedroom homes were the strongest sellers across the weekend. 

"We saw buyers prioritising space, quality and location, particularly those who already live in Chatswood or the surrounding Lower North Shore and want to stay connected to the area.”

The buyer mix was broader than a typical apartment launch. 

Young families also bought, drawn by the schools and by the convenience of living in the centre of the suburb.

Coronation Property managing director Joseph Nahas, said Archer & Albert represented an important step in the company’s expansion into Sydney’s North Shore.

“Archer & Albert is Coronation’s first Build-to-Sell project on the North Shore, so the response gives us a great deal of confidence in the decision to enter this market,” Joseph said.

“We knew we needed to bring something considered to Chatswood, larger homes, strong architecture and a project that contributes to the neighbourhood beyond the residences themselves. 

"To see buyers respond so strongly at launch is a very positive endorsement of that approach.”

Selling agent Tim Rees of SRM Residential, said the launch demonstrated the depth of local demand.

“We’ve had a very strong response from buyers across Chatswood and the Lower North Shore who have been waiting for this type of offering in what we consider to be one of the best locations in Chatswood," Tim said.

"It has the convenience buyers want, moments from the Metro, Chatswood Chase, dining and everything the centre of Chatswood has to offer, while still feeling distinctly residential. 

"That combination of location, amenity and residential character has really resonated with the market.”

The larger floorplans are generous by the standards of new apartment stock on the North Shore. 

Two-bedroom residences start from 94 sqm and three-bedroom homes run from 128 sqm to 234 sqm. 

Most residences take in long and largely uninterrupted outlooks to the east, north and west.

Designed by Woods Bagot, Archer & Albert will deliver 150 residences across 32 levels, alongside a new landscaped public lawn, a pedestrian connection between Archer and Bertram streets, a restored 1898 heritage home that will open as a daytime cafe, and three ground-floor restaurants framing a landscaped courtyard.

Coronation is both developer and builder of Archer & Albert, giving it control over design quality, construction and delivery. 

Excavation is well underway with the tower crane scheduled to go up in October, with completion expected in the second half of 2028.

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