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Mother-daughter duo spend $17m on two off-the-plan Toorak apartments

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An under-construction Toorak apartment project is close to selling out after a mother-and-daughter duo snapped up two adjacent apartments off-the-plan for a combined $17 million.

The dual deal follows developer Orchard Piper selling two penthouses off-the-plan in May last year in the same project (known as Toorak Village) for a combined $23 million to downsizing locals. The project’s 400-square-metre top-floor penthouse sold for $12.5 million in 2023 to a local retiree.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/residential/mother-daughter-duo-spend-17m-on-two-off-the-plan-toorak-apartments-20250117-p5l57i