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It was a very good long weekend for at least 10 sellers who secured the highest property prices in the country.
Property Observer looks at the top 10 sales of last week, according to <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clontarf-116474835" target="_blank">9 Peronne Avenue, Clontarf, NSW</a> <img src="/images/2014/06/11/1.jpg" alt=""> Designed by architects Smith &amp; Tzannes, this contemporary waterfront home fetched $6.95 million this weekend. It was sold through Richardson &amp; Wrench Seaforth. The four bedroom home was purchased by the vendors for $4.6 million in 2003. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-116923699" target="_blank">1 Gladstone Avenue, Hunters Hill, NSW</a>
<img src="/images/2014/06/11/2.jpg" alt=""> This five bedroom, four bathroom sandstone home sold for $4.975 million through Ward Partners Hunters Hill. The trophy home with views to the harbour bridge underwent renovations 10 years ago and has a contemporary extension at the rear. Although it was the second highest sale of the weekend, the vendors made a loss on the property – they paid $6 million in 2011.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-leichhardt-116876611" target="_blank">27 Marlborough Street, Leichhardt, NSW</a>  <img src="/images/2014/06/11/3.jpg" alt=""> The Victorian fire station sold by banker Ashley Salter and Paspaley Pearls creative director Christine Salter <a href="/news/leichhardt-forges-another-residential-record-for-former-fire-station">broke Leichhardt’s property sale record</a>, securing $3.05 million. They purchased the home for $2.45 million in 2007, a record at the time for the suburb. It was sold through Ray White Annandale.</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-runaway+bay-112684419" target="_blank">46 Shearwater Esplanade Runaway Bay, QLD </a>
<img src="/images/2014/06/11/4.jpg" alt="">
This triple storey, seven bedroom home sold for $2.575 million. The home with panoramic views over Broadwater was sold through Ray White Sovereign Islands. The property saw a half million dollar price cut, after being on the market for two and a half years with a listing price of $3.095 million. It was purchased by the vendors for $1.75 million in 2003.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-116949303" target="_blank">40 Epping Road Double Bay, NSW</a>
<img src="/images/2014/06/11/5.jpg" alt="">
This modest three bedroom home sold in Double Bay sold for $2.31 million through Living Here Double Bay. The house had remained in the owner’s possession for over 80 years.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-sydney-116869267" target="_blank">A202 'Alexander' Globe Street, Sydney, NSW </a>
<img src="/images/2014/06/11/6.jpg" alt="">
An apartment in nine storey Alexander building at the waterfront promenade of the <a href="/expert-insights/buying/harbourfront-barangaroo-apartment-developments-stoke-significant-anticipatory-interest">upcoming Barangaroo development</a> sold for $2.31 million last week through McGrath Estate Agents. 
The two bedroom apartment has a 122 square metre layout, with 22 square metres of al fresco dining space.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-coogee-116847451" target="_blank">337 Rainbow Street, Coogee, NSW </a>
<img src="/images/2014/06/11/7.jpg" alt="">
This three bedroom Coogee home was sold for $2.2 million at auction by Laing &amp; Simmons Bondi Junction. Set on 487 square metres of land, the home has coastal water views.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-mount+waverley-116962835" target="_blank">5 Neva Court, Mount Waverley, VIC</a>
<img src="/images/2014/06/11/8.jpg" alt="">
A brand new five bedroom home secured $2.039 million before it was due to be auctioned. It was sold through Ray White Glen Waverley. The 893 square metre plot was purchased by the vendors just last year for $856,500 dollars.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-vic-port+melbourne-116950147" target="_blank">803/147 Beach Street, Port Melbourne, VIC</a>
<img src="/images/2014/06/11/9.jpg" alt="">
With three bedrooms and two bathrooms, this waterfront apartment sold for $2 million through Lucas Real Estate Agent Docklands after 25 days on the market. The Port Melbourne unit was purchased for $890,000 in 2001.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-paddington-116821279" target="_blank">7 Macdonald Street, Paddington, NSW <img src="/images/2014/06/11/10.jpg" alt=""> </a>
Sold through Raine &amp; Horne Double Bay, this three bedroom house secured $1.925 million. The single fronted home is spread over three levels, with separate self-contained accommodation on the ground level. It was purchased by the vendor for $902,500 in 2001.
For more information on these properties, go to <a href="https://www.myrpdata.com/" target="_blank">myRPData.com</a>.
</li>
</ol>
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jrichardson-uRX5hFdKfN

The 10 most expensive sales of the week: RP Data

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It was Queensland that failed to get a look in on the 10 most expensive sales of the week, despite taking out the top place last week.
The most expensive sales all came from Victoria or Sydney, according to RP Data.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-vic-canterbury-117121935" target="_blank">126 Mont Albert Road, Canterbury, Vic </a> <img src="/images/2014/07/15/e1.jpg" alt=""> A five bedroom, four bathroom house <a href="/news/mont-albert-road-canterbury-trophy-home-sells-for-6-66-million">in Melbourne's Canterbury sold for $6,660,000 last week</a> through Hocking Stuart Glen Iris. Set on a 2,051 square metre plot, the Tuscan-style mansion comes with an outdoor entertaining room with a television, barbecue and fireplace, a pool and tennis court. Inside, there is a formal sitting room, a games room, a separate dining room, a study and a kitchen topped with Calcutta marble. The vendors purchased the home just three years ago, for $5,500,000. 
</li>
<li>
<a href="https://www.century21.com.au/property/279993/" target="_blank">48 Carabella Street, Kirribilli, NSW </a> <img src="/images/2014/07/15/e2.jpg" alt=""> This <a href="/news">Kirribilli </a>mansion sold for $4,500,000 through Century 21 Mosman. Another five bedroom, four bathroom house (though more than $2 million cheaper than Canterbury's offering), the home was sold by <a href="/expert-insights/buying/computer-software-entrepreneur-simon-clausen-sells-kirribilli-mansion-burnleigh">former Young Rich Lister Simon Clausen</a>, now an expatriate in Sweden. Though it was reportedly sold in late June, the sale was presumably only reported this week to RP Data. It had been listed since October 2013. Clausen and his wife, Alexandra, purchased the home for $3.98 million in 2008. 
</li>
<li>
<a href="https://www.ppdre.com.au/1P0509" target="_blank">4 Bourke Street, Queens Park, NSW </a> <img src="/images/2014/07/15/e3.jpg" alt=""> A contemporary five bedroom, four bathroom home sold for $2,975,000 through Phillips Pantzer Donnelley. The <a href="/news">Queens Park</a> home set on a 386 square metre dual-access block comes with a two storey self-contained guesthouse. The main house has wide timber floorboards throughout, a walk in pantry, and a marble-topped kitchen. The vendors purchased the property, five minutes from Bondi Junction, in 2010 for $1,975,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-willoughby-117266903" target="_blank">6 Pendey Street, Willoughby, NSW </a> <img src="/images/2014/07/15/e4.jpg" alt=""> Sold through L J Hooker Willoughby, this home secured $2,240,000. The five bedroom, three bathroom house has generous open plan living spaces. The house is set on a 580 square metre elevated lot, with leafy views of the suburb. The vendors purchased the home less than a year before selling. It was sold at a loss, with the former owners buying the house in 2013 for $2,360,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-balmain-117287835" target="_blank">155 Darling Street, Balmain, NSW </a> <img src="/images/2014/07/15/e5.jpg" alt=""> This sandstone corner terrace sold for $2,400,000 through Cobden &amp; Hayson Balmain. The home, built in 1858, has been renovated, with contemporary interiors. A double height atrium is the central feature of the home, which has two storeys and opens to a north facing entertaining area. There are four bedrooms and two bathrooms, and the private "master wing" has a walk in robe, ensuite and private deck. The vendors bought the home in 2010, for $2,125,000. 
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-manly-117244863" target="_blank">501/95 West Esplanade, Manly, NSW </a> <img src="/images/2014/07/15/e6.jpg" alt=""> A <a href="/news">Manly </a>penthouse secured $2,150,000 when it was sold through Bergelin Estate Agents. The three bedroom, two bathroom home in the Manly hillside has panoramic views over the Manly ferry, harbour and heads. Each room of the open plan home extends to adjoining terraces. The vendors purchased the home in May 2009. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-freshwater-117227027" target="_blank">40 Wilson Street, Freshwater, NSW </a> <img src="/images/2014/07/15/e7.jpg" alt=""> This modest single storey brick home sold for $2,110,000 through Smyth Estate Agents. With a 919 square metre flat plot, the potential for development on the flat block was central to its marketing campaign. The home had been held by the same family for more than 60 years. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-south+melbourne-117256503" target="_blank">292 Cecil Street, South Melbourne, Vic </a> <img src="/images/2014/07/15/e8.jpg" alt=""> Greg Hocking Holdsworth Albert Park sold this three bedroom, one bathroom <a href="/news">South Melbourne</a> Victorian home for $2,100,000. The freestanding house, located near MSAC, Albert Park Village and Clarendon Street, is north-facing at the rear, bringing light into the kitchen and living areas. The vendors had owned the home for almost 30 years. They purchased the property for $180,000 in November 1984, selling it this week for more than 11 times that price. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-bella+vista-116601871" target="_blank">11 Montpellier Rise, Bella Vista, NSW </a> <img src="/images/2014/07/15/e9.jpg" alt=""> A six bedroom, three car home in <a href="/news">Bella Vista</a> also sold for $2,100,000 this week. Century 21 Prime Property secured the sale of the contemporary house. The newly built home, which took two years to complete, has multiple large living areas and double sized bedrooms. outside, there is a private entertaining area with a barbecue and cooktop, and a swimming pool that comes with a waterfall and coloured lighting. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-clovelly-117246355" target="_blank">30 Clifton Road, Clovelly, NSW </a> <img src="/images/2014/07/15/e10.jpg" alt=""> This single fronted home was sold for $2,050,000 through Ray White Kensington. The four bedrooms, three bathroom house with two levels was recently renovated by the vendors. The property has been in their hands since 1987.</li>
</ol>
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Despite months on the market and huge price cuts, these properties just won’t budge.
These 10 properties are the most heavily discounted in the country, according to <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=0f8e3c8687&amp;e=0aab96dc54" target="_blank">SQM Research</a>.
<ol>
<li>
<a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-ellen+grove-114951879" target="_blank">38 Considine Street, Ellen Grove, Queensland</a>
<img src="/images/2014/07/09/1.jpg" alt="">
The owners of this 1.57 hectare flat block with a brick house have lopped its price by 43%, this biggest house price cut of any home currently on the market. After 245 days on the market and a new $799,000 asking price, down from $1,400,000, the property is still for sale. A half hour’s drive from the Brisbane CBD, the property is being advertised on its development potential.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-richmond-114883299" target="_blank">2 Wellington Street, Richmond, Tasmania</a>
<img src="/images/2014/07/09/2.jpg" alt="">
Richmond’s Mill House, sitting alongside the convict-built Richmond bridge, has seen its asking price cut by $1 million, down from $2,800,000 to $1,800,000. The historic property has a four bedroom, four bathroom main residence, with a formal living and dining area, sunroom and cellar. There is also a self-contained cottage on the property, and the vendors are open to selling the adjoining plot. According to the listing information, “A change of circumstances has significantly increased the motivation of the Vendors of this magnificent Country Retreat [sic]”.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-carabooda-114289451" target="_blank">219 Bernard Road North Carabooda, West Australia</a>
<img src="/images/2014/07/09/3.jpg" alt="">
A newcomer to SQM’s list, this rural property has been discounted by 35%, with its asking price now $2,272,000, down from $3,500,000. It’s been on the market for 321 days. SQM notes the property is an “acquired taste,” writing that “this home would perhaps struggle to find buyer interest outside of those interested in the rural/farming market, narrowing down the vendor's target market immensely”. According to its listing information, the property is located four or five kilometres from the “future CBD of Alkimos”.
</li>
<li>
<a href="https://www.raywhite.com/nsw/michelago/668779/" target="_blank">76 Tinderry Road, Michelago, New South Wales</a>
<img src="/images/2014/07/09/4.jpg" alt=""> Another rural property that won’t budge, this 710 hectare plot has been on the property for more than three and a half years, and has been discounted by 34%. The property, located near Michelago village, is within a half hour’s drive of Canberra’s suburbs. Permanent water is supplied to the property by the Michelago creek, with two dams on the land. The original 1925-era home still stands on the property and requires significant renovations.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-doubleview-116544475" target="_blank">1 Princess Road, Doubleview, West Australia</a>
 <img src="/images/2014/07/09/5.jpg" alt="">
Advertised as a four lot subdivision opportunity, this property in Perth’s Doubleview has been discounted by 33%. On the market for 91 days, the cottage and granny flat on the plot are advertised as “very rentable during the development phase”. They sit on a 1,412 square metre plot. The vendors purchased 1 Princess Road for $150,000 in 1990. They are hoping to secure more than 10 times what they paid for the property, with an asking price of $1,800,000.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-sa-strathalbyn-107584093" target="_blank">21 Cotton Court, Strathalbyn, South Australia</a>
<img src="/images/2014/04/30/strathalbyn.jpg">
This home in the South Australian town of Strathalbyn is listed at $339,000, 32% down from its initial $498,000 asking price. 21 Cotton Court has been on the market for almost three years. The 1900s style house was purchased by the current vendors for $118,000 in 1995. It’s the only South Australian home on the top 10 list.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-tas-battery+point-108230936" target="_blank">1/23 Albuera Street, Battery Point, Tasmania</a>
<img src="/images/2014/07/09/6.jpg" alt="">
This luxury renovated apartment offering in Hobart is situated in the former Albuera Art School. Vendors are seeking offers over $1,500,000, while its initial asking price, 986 days ago, was $2,200,000. The property has three double bedrooms, with polished timber floors throughout and pressed metal ceilings.
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-green+point-114436679" target="_blank">99 Green Point Drive, Green Point, New South Wales</a>
<img src="/images/2014/04/30/green%20point%20drive.jpg">
A contemporary home in the New South Wales Central Coast has been discounted by 31% after more than 1,373 on the market. Listed for more than two and a half years, it’s been on the market longer than any other property currently listed in Australia. It has four bedrooms, with an en suite with spa attached to the master bedroom. There is also an outdoor covered spa at the back of the property. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-bar+point-113991687" target="_blank">53 Kalinda Road, Bar Point, New South Wales</a>
<img src="/images/2014/07/09/9.jpg" alt="">
The price of this two cabin property set above a waterfront reserve on the banks of the Hawkesbury River was cut from $280,000 to $195,000, a 30% drop. It’s been on the market for 581 days. Advertised as a “great weekender”, the first cabin has two bedrooms, a kitchen and living area, while the other has a bedroom and bathroom. There is also the opportunity to take up a license for a jetty on the property, though there isn’t a ramp and pontoon currently installed.
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-vic-box+hill-115886643" target="_blank">4/14 Spring Street, Box Hill, Victoria</a>
<img src="/images/2014/07/09/10.jpg" alt="">
This one bedroom apartment, advertised as student accommodation, is on the market for $160,500. When it was first listed 154 days ago, it was advertised at $230,000. Next door to the Box Hill Hospital, the apartment is within walking distance of Box Hill’s shopping centres, public transport and the Box Hill Institute. If vendors sell at its current asking price, they will be making a loss – they bought the apartment for $173,000 in 2007.
</li>
</ol>
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The 10 most heavily discounted homes in Australia

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A Queensland estate beat out blue chip Sydney offerings to secure the most expensive sale of this week, according to RP Data. 
The Fig Tree Pocket home in Brisbane's South West (pictured above) secured $8.25 million.
RP Data suggest that another Queensland home came in second place for the week, with a $4.5 million sale for a Cleveland house. However, it looks like it was beat by a <a href="/news/vic/toorak-home-with-medium-density-potential-fetches-6-01-million">Georgian-inspired Toorak mansion</a>, which sold for $6.01 million on the weekend (pictured below). 
<img src="/images/2014/06/23/toorak_0000_2.jpg.jpg" alt="Toorak home with medium density potential fetches $6.01 million">
RP Data's top 10 sales of the week:
<ol>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/15_ningana_street_fig_tree_pocket_qld_4069/4620090" target="_blank">15 Ningana Street, Fig Tree Pocket, QLD</a> <img src="/images/2014/06/24/1.jpg" alt=""> Barrambin, a sprawling 9, 991 square metre waterfront estate, sold through Adcock Prestige Brisbane for $8.25 million. The expansive five bedroom, seven bathroom home designed by Osterfield and Johnson is set around a central pool. The estate includes a tennis court, gardens, a fruit orchard, two fresh water lakes (with fish, turtles and crayfish), a music room, sauna and air conditioned wine cellar. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_sentinel_court_cleveland_qld_4163/3944548" target="_blank">8 Sentinel Court, Cleveland, QLD</a> <img src="/images/2014/06/24/2.jpg" alt=""> This five-bedroom contemporary home sold through Ray White Cleveland for $4.5 million. Set on 1426 square metres with a private marina berth, the home has views over Moreton Bay. The double brick home has four bathrooms, limestone floors, a marble kitchen and wine cellar, with a swimming pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/13_oxford_street_malvern_vic_3144/14748236" target="_blank">13 Oxford Street, Malvern, VIC</a> <img src="/images/2014/06/24/3.jpg" alt=""> Mororo is a brick Edwardian home, built around 1901. The four-bedroom house was sold at auction on June 21 by Marshall White Armadale for $4.225 million. The four bedroom house, set on 1,125 square metres, has floor boards throughout, with open fireplaces. The property was held by the vendors for almost 34 years. They purchased it for $188,000 in 1980.  
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/210_albert_road_strathfield_nsw_2135/6478251" target="_blank">210 Albert Road, Strathfield, NSW</a> <img src="/images/2014/06/24/4.jpg" alt=""> Simeon Manners Property Mosman sold this six bedroom house for $3.8 million, <a href="/expert-insights/buying/willie-mason-doesnt-sell-but-june-sydney-auctions-on-record-streak">which was below its price guidance</a>. According to the agents, the trophy home was built “in accordance with Feng Shui principles”. The house has six bedrooms and six bathrooms, a formal living and dining area with wet bar, a gym, sauna and steam room. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/57_boronia_road_bellevue_hill_nsw_2023/1368482" target="_blank">57 Boronia Road Bellevue Hill, NSW</a> <img src="/images/2014/06/24/main.jpg" alt=""> This Bellevue Hill home was sold through Laing + Simmons Double Bay and Raine &amp; Horne Double Bay for $3.7 million. The Hamptons inspired home with a double fronted Federation façade has five bedrooms and four bathrooms. The master has garden access, a walk in robe and full spa en suite. 
</li>
<li> <a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_cambridge_street_paddington_nsw_2021/5262831" target="_blank">47 Cambridge Street, Paddington, NSW</a> <img src="/images/2014/06/24/6.jpg" alt=""> Westbury, a four-bedroom house, sold at auction on June 21 by McGrath Estate Agents for $3.437 million. The Victorian Italianate terrace with north east rear aspect was built around 1889. Set over three levels, the home opens with a marble entry hall and has an attic retreat. The vendors bought the home for $3 million four years ago. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/46_mary_street_hunters_hill_nsw_2110/3007023" target="_blank">46 Mary Street, Hunters Hill, NSW</a> <img src="/images/2014/06/24/7.jpg" alt=""> McGrath Estate Agents auctioned this home this weekend, securing $3.28 million. The six-bedroom house is an extended circa 1880s sandstone cottage. The home is set on a 1,233 square metre block across the street from St Joseph’s college. Indoors, there are six open fireplaces, French limestone and iron bark floors. Outside, there is a heated pool and spa. Set on 1,233 square metresVendors held onto the house for 21 years. They purchased it for $530,000 in 1993. . 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/39_townson_street_blakehurst_nsw_2221/1479562" target="_blank">39 Townson Street, Blakehurst, NSW</a> <img src="/images/2014/06/24/8.jpg" alt=""> This five-bedroom house was sold through Gavan Property St George for $3 million. The house has tripled in value in six years – the vendors bought the property for $970,000 in 2008. While four of the five bedrooms are already substantial offerings, with en suites and private balconies, the master bedroom is “apartment sized”, with an en suite with double spa, a private balcony and secure keypad access. Outside, there is a substantial covered entertaining area and pool. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/21_black_street_vaucluse_nsw_2030/7137362" target="_blank">21 Black Street, Vaucluse, NSW</a> <img src="/images/2014/06/24/9.jpg" alt=""> This modest home was auctioned on June 21 by Sotheby's International Realty and Belle Property, selling for $2.907 million. The unrenovated single storey home was purchased 31 years by the owners, who paid $307,500 in 1983. Set on 727 square metres of land, the house with ocean views has five bedrooms and two bathrooms. 
</li>
<li>
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/90_collins_road_st_ives_nsw_2075/6401539" target="_blank">90 Collins Road, St Ives, NSW <img src="/images/2014/06/24/10.jpg" alt=""> </a>Chadwick Real Estate St Ives sold this house prior to auction for $2.88 million. Set on a 1353 square metre plot, this home in Sydney’s North Shore has five double bedrooms, plus a study or sixth bedroom, and two bathrooms. Outside, there’s a heated pool and spa in a big sunny north facing backyard.
</li>
</ol>
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Even Hockingstuart Albert Park's David Wood, who auctioned Josh and Charlotte's apartment at The Block Triple Threat finale, was surprised by the results.
"In reality, I think the results were beyond everyone's expectations," Wood told Property Observer. Although he had good reason to believe the sales would go well, based on his winning experience auctioning Steve and Chantelle's Block Fans v Faves apartment in Albert Park, the <a href="/expert-insights/investing/deanne-and-darrens-935-000-block-2015-triple-threat-auction-result-redemption">results last week</a> were particularly spectacular. Josh and Charlotte's townhouse at 1/27 Darling Street in South Yarra sold for $810,000 over reserve at $2.2 million, clearly exceeding the $636,000 winnings amassed by Steve and Chantelle when their apartment sold for $2.47 million.
At the Fans v Faves auction, many speculated that Steve and Chantelle's final place in the auction order played an important role in the result, with demand increasing as supply dwindled.
At the Triple Threat auction, Wood's clients Josh and Charlotte again went last, and had the second highest result (after Deanne and Darren).
"We were the last cab off the rank, so the big thing for us at the end was how many buyers we were able to hold on to, and how many were we going to lose?" said Wood.
He said the buyers could be put in two categories - those who only wanted one apartment, and those who were open minded, so long as they were able to secure one of the four Block properties on offer.
The Block auctions themselves are an unusual experience, says Wood.
"It doesn't follow a regular pattern, in that we know that a lot of people are keen to get the ball rolling and get it started.
"We don't have that situation where we ask for a bid, nothing happens, and then we have to resort to a vendor bid."
One of those who got the ball rolling at the Triple Threat auctions was buyer's agent and Block judge Nicole Jacobs, who placed strong opening bids at each auction. Jacobs "had her finger on the pulse as to where the buyer interest was in the room," said Woods.
"If you know that, it's a good strategy."
The buyer interest this time round seemed to be much stronger than at The Block Glasshouse, where some couples took home as little as $10,000. Wood wasn't involved in the The Block Glasshouse, and said the disappointing results in the Prahran auctions may have partially been due to the agents.
"I do think the agents left a few things to chance," said Wood.
"I don't think they were close enough to their buyers. For a start, they didn't have the number of buyers in the room that there was this year.
"But you can't say it was a different market - the market was very strong. It's a matter of the agent really drilling down and getting the buyer front and centre in the room, on the day."
The opportunity to get the buyers in the room is something Wood would welcome at future Block auctions, saying he'd love to be involved again.
"It's a very serious program, and we take real estate very seriously," said Wood.
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Auctioneer David Wood on why The Block Triple Threat went so well, and why the Glasshouse didn't

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Former House Rules contestants Carole and Russell Bramston sold their controversial Halls Head property earlier this year at a loss.
The Perth couple <a href="/expert-insights/building/house-rules-contestants-hardly-on-struggle-street-say-critics">attracted criticism</a> when various media outlets reported they had a $2.3 million property portfolio, which included the three bedroom Halls Head home at <a href="https://www.domain.com.au/property/for-sale/house/wa/boya/?adid=2011627991" target="_blank">14 Leisure Way</a>.
But the couple told WA Today last year that the home had "a massive mortgage over it" and they couldn't afford to live in the home.
The couple had been attempting to sell the home since April last year, when it was listed with an asking price of $1.17 million. After its price guide was lowered to $995,000, it was pulled off the market in September.
However, they seem to have found a buyer, with the property selling for $1.05 million in February this year. Having paid $1.1 million for the home in 2012, they have made a loss on this year's sale.
The house sold through Harcourts Mandurah, who have handled the house's sale campaign since April 2014.
Despite the loss, the sale is likely welcome news for the couple, who have also been trying to <a href="/expert-insights/building/house-rules-carole-and-russell-offloading-renovated-home">offload their Boya home</a> which was renovated on House Rules last year.
<img src="/images/2014/05/06/carole-and-russell-may-6-breakout.jpg" alt="House Rules' Carole and Russell offloading renovated home">
The <a href="https://www.domain.com.au/property/for-sale/house/wa/boya/?adid=2011627991" target="_blank">Coulston Road house</a> on a 1,640 square metre plot was listed in October last year, with the Bramstons saying they would have kept the house if they had won the series and had their mortgage paid off. They attempted to sell the home late last year in an effort to downsize and enter retirement debt-free, but were unsuccessful. It was listed in October with a price guide of $689,000, but was taken off the market in February this year.
The Bramstons paid $360,000 for the Boya home when they purchased it off classfieds website Gumtree.
 
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House Rules' Carole and Russell Bramston sell Halls Head house

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The volume of house sales across Tasmania increased by 12.1% over the March quarter, according to the Real Estate Institute of Tasmania (REIT).
In the March quarter, 1,622 Tasmanian houses sold. The result is the highest seen in Tasmania since the March quarter of 2010, when 1,658 houses sold. REIT president Tony Collidge claims the quarterly results show many markets in Tasmania have bottomed out.
The 1,622 houses sold with a median price of $310,000, with prices highest in Hobart's inner ring, which recorded a median price of $548,000.
In West Hobart, the <a href="https://www.realestateview.com.au/Real-Estate/west-hobart/Property-Details-sold-residential-8471530" target="_blank">Federation home</a> pictured below sold for $548,000 in March this year.
<img src="/images/photos/Federation.jpg" alt="" width="569" height="391">
The four bedroom double brick home is on a 600 square metre plot and is located close to various schools and public transport.
Vendors are taking offers over $530,000 for this <a href="https://www.realestateview.com.au/Real-Estate/318-murray-street-north-hobart/Property-Details-buy-residential-3777505">double storey brick home</a>. It has been renovated, and has four bedrooms, with both formal and informal living areas.
<img src="/images/photos/tas.jpg" alt="" width="567" height="359">
Launceston house sale volumes rose by a greater proportion in the quarter, at 15.3%, than in Hobart, where the number of house sales increased by 7%.
Across Tasmania, the median house price was down 1.6% for the quarter, but up 1.6% annually.
Collidge said investor activity had increased over the three months to March, with 261 sales to investors.
"These investor figures are up 2% to 16% of all buyers, with a median house purchase price of $242,000," said Collidge.
"Likewise mainland buyers increased to 17% of all sales, whilst sales to foreign purchasers remained at 1%.
"These figures are indicative of the Melbourne and Sydney markets being near the top of their run, with many mainland investors looking for other destinations to invest, and the positive signs within our property market, good returns, low vacancy rates, and a turnaround in activity have made Tasmania an area worth considering."
The REIT recorded the strongest rates of first home buyer sales in the North West Coast and Launceston. Over the quarter, 19 Tasmanian homes sold for over $1 million.
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Tasmanian house sale volumes reach five year high: REIT

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The latest advertising campaign from NAB promises "home loan rates your parents will be jealous of", and following yesterday's rate cut announcement, they might be right.
The Reserve Bank yesterday announced an official cash rate cut of 25 basis points, from 2.25% to 2.0%.
Lenders have quickly followed suit, although NAB has not yet announced any rate change.
Of the Big Four, ANZ and the Commonwealth Bank have both announced a rate cut. ANZ will be passing on the full rate 25 basis point cut to its variable rate loan, which will be available at 5.38% from 5.63%, effective 8 May.
The Commonwealth Bank has not passed on the full rate cut, instead choosing to drop its standard variable rate loan by just 20 basis points, from 5.65% to 5.45%, effective 13 May.
ING Direct, ME Bank and loans.com.au have all cut their interest rates by the full 25 basis points. According to <a href="https://mozo.com.au/home-loans" target="_blank">comparison website Mozo</a>, the change will save borrowers $44 a month for an average $300,000 25 year loan.
Loans.com.au continues to offer the lowest variable rate, with a 3.98% rate on their Dream Home Loan Essentials product.
Mozo director Kirsty Lamont recommends borrowers use new lower rates to pay off their mortgage more quickly.
"If homeowners were to ignore yesterday's rate cut and keep repayments the same, the average homeowner would save $11,160 in interest and pay their mortgage off 13 months sooner," says Lamont.
<img src="/images/2015/05/06/nab-coloru-correct.jpg" alt=""> Above: NAB's new campaign.
The rates offered by the Big Four banks:
ANZ: Variable Rate 5.38% (effective 8 May)
Commonwealth Bank: Standard Variable Rate 5.45% (effective 13 May)
NAB: Tailored Home Loan 5.63%
Westpac: Rocket Repay Home Loan 5.70%
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"Rates your parents will be jealous of" as banks cut following RBA announcement

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The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to 2.0% at its May meeting.
Many expected the RBA's decision after it kept rates on hold for April. The move <a href="/expert-insights/finance/amp-capitals-shane-oliver-wont-be-surprised-if-rba-holds-off-another-cut-in-may">was anticipated</a> by AMP Capital head of Investment Strategy and chief economist Shane Oliver among others.
According to comparison website <a href="https://finder.com.au">Finder</a>'s Michelle Hutchison, borrowers with a variable rate home loan are likely to save around $47 a month on a $300,000 loan with the new official cash rate.
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Reserve Bank cuts interest rate to 2.0% for May

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Variable loan rates are available as low as 4.23%, with the lowest rates offered by non-bank lenders, according to comparison website Mozo.
Loans.com.au and Homestar both offer loans at 4.23% interest rates. Loans.com.au's Dream Home Loans Essential product has a maximum loan amount of $750,000, while Homestar's variable rate loan has a $1 million loan limit.
<a href="https://mozo.com.au/home-loans" target="_blank">The lowest variable rates currently on offer</a>:
<ul>
<li>loans.com.au, Dream Home Loan Essentials: 4.23% (comparison rate: 4.25%)</li>
<li>Homestar, Variable Rate Loan: 4.23% (comparison rate: 4.26%)</li>
<li>loans.com.au, Dream Home Loan Offset Variable: 4.27% (comparison rate: 4.29%)</li>
<li>iMortgage, Essential Home Loan: 4.29% (comparison rate: 4.31%)</li>
<li>UBank, UHomeLoan - Real Reward Offer: 4.29% (comparison rate: 4.29%)</li>
<li>Newcastle Permanent, Discounted Variable Home Loan (Premium Plus Package): 4.29% (comparison rate: 4.64%)</li>
<li>Queenslanders Credit Union    Ultimate Home Loan Special ($250,000 to $500,000): 4.33% (comparison rate: 4.37%)</li>
</ul>
 
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The cheapest variable loans on offer: Mozo

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Joel Robinson

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Jessie Richardson

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