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The most expensive home to sell this week in Sydney was a five-bedroom Balgowlah house, according to the latest CoreLogic RP Data Property Market Indicator Summary.
An Australian expatriate bought the harbour front property at 9 King Avenue for $6 million through Anthony Walls of Max Walls International. 
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In Melbourne, the top selling house this week was a stately six bedder in Brighton, Victoria.
The 1850s Victorian residence set within 1553 sqm at 43 Middle Crescent (below) sold for $6,400,000.
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Brighton beats Balgowlah as top sale: CoreLogic RP Data

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60 Winbourne Street is an unassuming West Ryde 1960s three bedroom brick home.
However its sale price rocketed from $940,000 to $1.71 million, between February 2014 and earlier this month.
Little wonder its re-sale has become something of local folklore in the past week after 2GB's Ross Greenwood's came across the stellar price hike.
It is a 961 square metre corner block at <a href="https://www.realestate.com.au/property-house-nsw-west+ryde-119573743" target="_blank">60 Winborne Street</a>, with buses at the door with easy access to Eastwood and West Ryde stations, TAFE Colleges, Macquarie University and major shopping centres. 
Property Observer gathers the windfall came from changes in likely more liberal council consideration of the splayed corner site calculation, rather than all because of the property boom.
A local developer buyer beat off keen competition with an Asian bidder the underbidder when agent Max Pracey threw the .  
<a href="https://www.realestate.com.au/photogallery_new.ds;jsessionid=6E5B377CDBD0A5ABCDFC4ABE24CB8856?id=119573743&amp;theme=rea.sold" rel="photos" data-id="119573743"><img src="https://i1.au.reastatic.net/456x342/79c3f86b28ab8287a3dd7d4d796c471df6d185fddb224f093b6ef74647e640e0/main.jpg" alt="60 Winbourne Street, West Ryde" title="60 Winbourne Street, West Ryde" data-index="0"></a>
It was marketed by Max Pracy at Tracy Yap Realty as suitable to "explore the possibilities of development."
Max Pracey suggested the block, subject to council approval could possibly hold a duplex or even villas. CoreLogic RP Data suggests the site dimensions of the irregular shaped block are 18.29/27.97 X IRR/41.68.
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"Explore the options, make your decision and develop and profit!!," the marketing suggested.
"Rarely does a property like this become available," it added.
Held for 1.25 years, during that time, its value has changed at an annual rate of 60%.
It seems the windfall was all about the City of Ryde development control plan 2014 multi dwelling housing for low density residential zone.
The control plan generally affirms allotments should have a frontage to the road of not less than 20 metres and an area of not less than 900 square metres.
 
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Price for West Ryde 1960s three bedder with potential skyrockets

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A three bedroom townhouse was Sydney's cheapest sale at weekend auctions.
It sold through Richardson &amp; Wrench Campbelltown agents Russell Wyer and Michelle Balabka for $310,000 to an investor.
The three bedroom 1970s townhouse is in need of refurbishment.
There is single undercover car accommodation and front and rear courtyards.
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It was marketed as suiting builders/renovators looking for a project at <a href="https://www.realestate.com.au/property-townhouse-nsw-campbelltown-119647355" target="_blank">13/107 Broughton Street</a>.
It last sold in 2010 at $195,000, so reflected 10% annual growth.
The agents told Property Observer they recently rented a renovated three bedroom townhouse in the same complex for $355 per week. 
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Campbelltown $310,000 townhouse the weekend's cheapest auction sale

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The South Gippsland property looks like a car yard, but the Poowong property is a 767 acre dairy farm milking 550 cows.
It has been sold at $8.1 million through Harcourts Warragul agent John Rowe. It was listed initially in March last year, and has mostly had price indications around $8.5 million.
The property is located in the Victoria district with what is considered some of the most highly reliable natural rainfall regions in Australia, 110 kms East of Melbourne .
It was marketed as having close access to many major milk processers , including United Dairy Power, Burra Foods, Longwarry Milk Park, Murray Goulburn and Fronterra all within 50km. 
There was a 40 Stand rotary with automatic cup removers, automated milk meters and automatic teat spray and 29,000 litre milk vat capacity with access for B-double tankers at <a href="https://www.ruralview.com.au/Real-Estate/185-o-gilvys-road-poowong/Property-Details-buy-rural-7148617">the 185 Ogilvys Lane farm</a>.
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South Gippsland dairy sold at $8.1 million

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Fifty-three of the 200 people on the forthcoming annual 2015 BRW Rich List are property tycoons.
They include Meriton's Harry Triguboff, whose personal wealth is estimated to be $10.23 billion. He has been on the Rich 200 list since it was first published in 1984, when his net wealth was put as $25 million. The $10.23 billion was almost double last year's $5.5 billion. He was at $4.9 billion in 2013.
Meriton has focused on the apartment sector, but it is increasingly expanding into serviced apartment and also childcare centres, with plans to include 18 child care facilities in its new apartment buildings in the next year.
Meriton last year led Australia in housing starts with 7929 dwelling constructions, about triple the number the year before.
Meriton recorded its biggest ever profits from well over $1 billion worth of apartment sales with Triguboff’s wealth climbing to his highest mark in the 32-year history of the BRW Rich List, at $10.23 billion.
Mr Triguboff says Meriton will sell about 2500 apartments in 2015, mostly Sydney but also on the Gold Coast.
“We could certainly build more but there is only so much you can do with the labour you have,” he told BRW.
Harry Triguboff, 82, also played down chances of him selling all or part of Meriton after fielding approaches from Chinese investors last year, saying he was exploring options within his family for a succession plan.
The property sector this year accounts for 53 people among the 200 on the BRW Rich List, the most of any industry.
The magazine noted several list members, including Toll Holdings founder Paul Little and Nutrimedics co-founders Bill and Imelda Roche, have made their fortunes in other sectors but in more recent years have poured the bulk of their wealth into property.
 
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Almost doubling, Harry Triguboff at $10.23 billion in 2015 BRW Rich List 

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Apartment construction tycoon Harry Triguboff expects offshore investors to pick up any slack caused by tighter lending criteria to local investors.
"If the banks tighten their lending, yes, that will stop investor demand," Mr Triguboff said.
"But I am not worried. Chinese investors will not stop. I will keep building. Don't worry, the Chinese will come."
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Triguboff's Meriton is Australia's largest serviced apartment builder, stepping up its expansion. 
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<div>"The Chinese are very easy to sell to," Mr Triguboff said at the Tourism Transport Forum conference in Sydney on Friday, as reported in the Australian Financial Review. </div>
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"They come here and they want an authentic Australian product and they don't require apartments to be traditionally styled."
Not building for just one tourist visitor group - drawing conclusions from the late 1980s Japanese tourism boom. 
"A lot of people built things for Japanese customers. What happens if they don't come any more and when you have built this thing for one customer?" he said. 
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<div>"They said they would never stop coming and of course they did." </div>
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Mr Triguboff said he enjoyed building serviced apartments because tourism was a big part of the Australian economy. 
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"Tourism is important because the mines are not going to be here forever."
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Macquarie Group joined other banks charging borrowing conditions for property investors with new interest rate changes that took effect on Friday meaning Macquarie customers taking out fixed-rate investor or interest-only loans will pay higher rates than owner occupiers.
Similar moves were made earlier last week by ANZ Bank, National Australia Bank and Commonwealth Bank, in response to pressure from the Australian Prudential Regulation Authority to slow down rapid investor-lead house price growth, especially in Sydney and Melbourne.
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But it took just under five hours for 581 off-the-plan apartments in Sydney's Darling Harbour project, known as Darling Square, to secure more than $600 million worth of sales for Lend Lease. 
The Australian Financial Review was told the buyers were predominantly local with about a third coming from offshore.
More than half of the weekend buyer were owner-occupiers. 
One-bedroom units at Darling Square started at $800,000 while two top-floor penthouses sold for more than $10 million. 
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Harry Triguboff says Chinese will replace local apartment buyers in APRA tightening

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Audette House, the 1953 Peter Muller -designed Castlecrag residence inspired by Frank Lloyd Wright's Fallingwater, has been listed through Richardson &amp; Wrench Castlecrag agent Mark O'Brien.
No price guidance initially ahead of<a href="https://www.realestate.com.au/property-house-nsw-castlecrag-119815955" target="_blank"> its June 20 auction</a> for the north facing waterfront reserve architectural gem, but after the weekend's first open - with 70 plus through - it is confidently tipped to fetch around $6 million.
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It last traded in 1998 at $1.75 million and before that in 1964 for 24,500 pounds.
It was commissioned, with its subtle affinity to traditional Japanese architecture, for an American, R. B. Audette, after Muller returned from studying at the University of Pennsylvania.
Much admired by Sydney's architectural cognoscenti, the house on its 997 square metre double block was the first commission for the long celebrated Peter Muller. 
Set at 265 to 267 Edinburgh Road, architects Peter Monckton and Kerry Fyfe undertook its renovation and extension with input from the original architect in 2002-2003 for the McCann family.
<img src="https://i4.au.reastatic.net/456x342/c25153a59713a6887c18e50d81b108fa90ccdf89a0e8bcfa9f51fa5f4f9d971e/image15.jpg" alt="265 Edinburgh Road, Castlecrag" title="265 Edinburgh Road, Castlecrag" data-index="14">
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Dedicated to the modern, organic school of architecture, Muller had designed the house along three axes: a longitudinal spine intersected by two traverse axes, with the house having a distinctive linear form, composed of a flat roof and wide-banded walls.
Title Tattle seems to recall that the 'snotted brickwork' of Audette House was not as originally planned, but Bob Audette didn't proceed with sandstone for all external walling, instead substituting used wire-cut bricks. 
Muller devised a technique in which the mortar oozed out the grout lines in between courses of the bricks - the technique is now known as ‘snotted brickwork.
The large open plan living areas with solid Silver Ash and Caliza Viva limestone flooring flow to the enormous alfresco entertaining terrace with integrated stainless steel bench, Smeg BBQ and built-in fridge.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=119815955&amp;theme=rea.buy" rel="photos" data-id="119815955"><img src="https://i1.au.reastatic.net/456x342/333386ac2fa747f7611e6c827de2d640358bf7e1f1227aca35cd0a0aa316a4db/image4.jpg" alt="265 Edinburgh Road, Castlecrag" title="265 Edinburgh Road, Castlecrag" data-index="3"></a>
Landscape architect Jane Irwin designed a terraced garden that complements the five bedroom, four bathroom house.
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Peter Muller-designed Audette House listed in Castlecrag

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The veteran Pearl Beach playwright David Williamson has sold his occasional retreat, but at a loss given Sydneysiders no longer want to take on the debt of holiday homes.
Set among gum trees, Tranquility Cottage was last traded in 2005 for $985,000 for the family NSW retreat of the Noosa-based Williamson and his writer wife, Kirstin.
It was up for sale initially in 2010 with $1.1 million hopes, but now <a href="https://www.prdettalong.com/index.cfm?pagecall=property&amp;propertyID=2756772" target="_blank" style="line-height: 1.3em;">3 Cornelian Road is under offer</a> at $860,000.
It was relisted last November with $900,000 plus through Stuart Gan of PRDnationwide Ettalong, who had adjusted the advisory to $875,000 plus in March.
Title Tattle recalls the Williamsons bought their first Pearl Beach house in 1979 for $55,000.
It was Pearl Beach that helped inspire his 17th play, Money and Friends, which was set on the sundecks at mythical Crystal Inlet.
Williamson, who paid $55,000 for his initial Pearl Beach backblocker, denied real comparisons between Crystal Inlet and Pearl Beach.
However, Williamson conceded at the time that the Crystal Inlet sundecks (those of the jerry-built fibro cottage and ultra-modern concrete mansion) similarly exist among the 630 houses at Pearl Beach.
"It (Pearl Beach) certainly has got the fibro cottages and grand beach homes, like most fashionable holiday places," he said.
In the late 1990s they paid $1.9 million for the secluded Noosa district property, Aeolus. It was one of 10 homes set in an 8,800-square-metre private enclave, with beach frontage to Sunshine Beach.
The four-bedroom house was designed by John Mainwaring with extensive open-plan areas and outdoor decking.
 
 
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David Williamson exits Pearl Beach poorer as holiday home debt remains unfashionable

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The exotic Edwardian Middle Park home at 156 Page Street had expectations of more than $3.3 million, but was passed in on a vendor’s bid of $3.4 million at weekend auction.
Title Tattle loves the front yard symmetry, but of course it is the knockout contemporary extension that could be expected to attract the buying interest. 
Though the weekend result was the second time it failed to sell, as back in 2013 the $3.55 million desired sale didn't ever happen.
Auctioneer Greg Hocking of Greg Hocking Holdsworth advised there had been three parties interested in <a href="https://www.realestate.com.au/property-house-vic-middle+park-119643335" target="_blank">the four-bedroom Edwardian</a> with contemporary rear extension on its 344 square metre holding.
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It was marketed as a home from two eras, with significantly extended spaces including a flexible formal living room/fourth bedroom, refined formal dining and superb living/dining areas featuring oak parquetry and a beautifully equipped open plan kitchen.
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<div class="thumb">It last sold at $1.55 million in 2005.</div>
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Middle Park two eras home doesn't find auction buyer yet again

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It was top-down success as apartments went on sale today at Crown Ashfield's $88 million resort-style development.
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<div class="default">Sold stickers in the early sales were very dominant among the pricier apartments on offer.</div>
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Located nine kilometres from the Sydney CBD, six kilometres from the University of Sydney, 10 kilometres from the airport, 300 meters from Ashfield Mall and 750 metres from the railway station Ashfield, sales were underway at same-day launch events in Sydney, Indonesia and Singapore.
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<div class="default">Crown Group chief executive Iwan Sunito tweeted his delight at the early morning buyer queues as it represents an important milestone for Crown Group as its brand continues to gain momentum around the world.</div>
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<img src="/images/2015/04/22/Crown%20Ashfield%20Interior%20%20-%20Dark.jpg" alt="">  
Crown Group chief executive Iwan Sunito said Crown Ashfield will feature a forest interior concept along with the development’s internal atrium.
"The common areas will be bathed in natural light, lush greenery and first-class residents’ amenities," Sunito said.
The starting price mark was around $700,000 for a one bedroom apartment.
Crown Ashfield was designed by Surry Hills architects Turner featuring natural, organic elements throughout including an internal atrium, abundant natural light, a flowing sculpted water feature and lush greenery at 168 Liverpool Road.
The sold stickers were being quickly posted for the apartments in the modern nine-storey development comprising 79 boutique apartments, four exclusive retail spaces, resident and visitors’ car parking, grand lobby lounge, theatrette, piano room and rooftop communal facilities including a terrace and a recreational area with city views.  
Crown Group achieved an impressive $173 million in sales within four hours at the launch of Sydney by Crown in November last year for its Clarence Street project.
Closer to town, strong sale were also achieved as 581 apartments (below) were offered at the Lend Lease launch of the Darling Square project.
The two penthouses sold at more than $10 million each.
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Crown Ashfield secures top down sales success at its tree-house inspired Liverpool Road offering

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

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Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

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Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

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MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

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Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

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Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

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Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Jonathan Chancellor

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