Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Oscar-winning actor Nicole Kidman has sold one of her luxury Sydney apartments a harbourfront residence with panoramic views of the Sydney Harbour Bridge and Opera House for approximately USD 8.5 million (around INR ~70 crore), marking a profitable exit just two years after purchase. The 15th-floor three-bedroom unit in the prestigious Latitude building at Milsons Point was reportedly bought in 2023 for about USD 7.725 million, netting the actor a healthy gain on investment. Kidman owns multiple properties in the same tower and has been gradually reshaping her global real estate portfolio following the finalisation of her divorce from musician Keith Urban. The buyer is understood to be winemaker David Madson, and though details of future plans for the property aren't public, the sale attracted attention for its premium pricing in Sydney's high-end residential market.
Oscar-winning Hollywood star Nicole Kidman has sold a high-end Sydney apartment for approximately USD 8.5 million, underscoring both the strength of luxury real estate in Australia's largest city and a personal shift in the actor's global property portfolio. The sale was reported on January 19, with the three-bedroom unit located on the 15th floor of the exclusive Latitude residential tower in Milsons Point, a premium address overlooking one of the world's most iconic harbours. Advertisement
The Latitude building known for its sweeping views of the Sydney Harbour Bridge and the Sydney Opera House has been a focal point of the Kidman-Urban property holdings for years. Kidman originally acquired this particular apartment in 2023 for about USD 7.725 million, meaning the recent sale has yielded a significant profit in a relatively short period. The buyer is understood to be winemaker David Madson, though neither party has publicly confirmed all transaction details.
This sale takes place against the backdrop of Kidman's personal life, notably the finalisation of her divorce from country music singer Keith Urban in January 2026 after nearly two decades of marriage. As part of their separation, both parties reportedly agreed to divide their extensive global property portfolio amicably, with Kidman retaining ownership of certain assets and divesting others as part of a fresh start. Selling this Sydney apartment coincides with that broader transition and marks one of the more high-profile real estate moves linked to the change in her personal circumstances.
Kidman's real estate footprint in the Latitude building has been substantial, with multiple apartments in the same development forming part of the couple's combined investments over the years. The decision to sell this unit reflects a dynamic approach to managing high-value property assets, particularly in markets where harbour views and central locations command consistently strong prices. Sydney, with its limited supply of premium waterfront residences, remains a buoyant backdrop for such luxury transactions.
Luxury real estate observers note that harbourfront apartments in Milsons Point and nearby precincts have retained appeal for both local and international buyers, often achieving multi-million-dollar outcomes thanks to their scenic vistas and proximity to the city's core. In this context, Kidman's sale reinforces Sydney's status as a competitive market at the upper end of the residential ladder, even as global celebrities and investors navigate shifting personal and economic priorities.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
