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Mining boss Peter Freyberg has sold his home in Darling Point for a big loss.
Freyberg, the Australian head of Glencore Xstrata, bought his four-bedroom residence ahead of the GFC on Australia Day eve in 2008 from property developer Eduard Litver for $7 million.
<a href="https://www.realestate.com.au/property-house-nsw-darling+point-119135903" target="_blank">He secured $5.5 million</a> last month, the title records show.
He is off to the $12,365,000 penthouse in the landmark Eliza building on Hyde Park which he bought with his wife Kylie Low.
They met at the Darling Point estate which comes with shared 10 car basement garaging. They didn't meet on the tennis court.
Her neighbouring home was bought in softer 2009 for $5.6 million. She sold for $7 million last month.
Michael Pallier, of Sotheby's International and Adam Ross, of Savills, had the listings.
Bob McMillan was the buyer of <a href="https://www.youtube.com/watch?v=xO5t6wRSXuE" target="_blank">both </a><a href="https://www.youtube.com/watch?v=xO5t6wRSXuE" target="_blank">interconnecting luxury homes</a> on Mitchell Road, called The Palms and The Pavilion.
They were originally developed as part of the Babworth estate by Nati Stoliar's Kimberley Securities.
Printing industry boss Bob McMillan may now list his Hills district estate, Dunrath which was built by Francis de Groot in the late 1930s.
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jchancellor-FAypfDUnLy

Not just a coal price collapse, price falls transition to Sydney trophy home offerings

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Manly's Dale Cherry-Evans has bought a house in Mermaid Beach, ending rumours he was set to back out of his $4 million deal with the Gold Coast Titans.
Harcourts Coastal sales agent Chez Fraser declined to comment on the buyer of the two storey Mermaid Beach property but the Gold Coast Bulletin revealed it was the halfback.
The property, set three blocks from the beach, is believed to have sold for $1.5 million.
His move to the Titans next year will mark a return to Queensland for Cherry-Evans, who was born in Redcliffe and spent his teenage years in Mackay.
No sign yet of any listing at Curl Curl or his Freshwater investment unit.
His Curl Curl house was only bought in April last year at $1,355,000.
 
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Gold Coast Titans-bound Dale Cherry-Evans buys at Mermaid Beach

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The Armadale home of former Liberal Party federal president and state treasurer Alan Stockdale was passed in at $3,525,000 on Saturday after it fell well short of its $3.95 million reserve price.
Marshall White agent Marcus Chiminello had the warehouse home of the Liberal Party heavyweight and his wife Dominique Fisher up for sale last December.
The property occupies a 410-square-metre block and includes two dwellings separated by a courtyard.
The main two-storey home is a former postcard factory, developed around 1900. It has been reconfigured to offer four bedrooms, a study and two living zones opening to the paved outdoor area.
Across the yard is a single-storey self-contained unit with two bedrooms.
Stockdale was Treasurer for seven years in Jeff Kennett's government, from 1992 to 1999, and is credited with rebuilding Victoria's finances following a crash in the economy.
Marshall White's Marcus Chiminello and Susan McGlashan with Ray White Carnegie's Josh Hommelhoff were managing the expressions of interest campaign last December.
In June last year, the former Toll executive Mark Rowsthorn sold another swish Armadale warehouse conversion.
The 99-year-old former Golden Crust Bakery, on a 915-square-metre block in Sutherland Street, sold for $11.5 million to Village Roadshow chief operating officer Clark Kirby and his wife, Sarah, a former television presenter.
 <img src="https://images.moneymanager.com.au/2014/11/28/6036938/Article%20Lead%20-%20wide6350666911t813image.related.articleLeadwide.729x410.11t625.png1417131476630.jpg-620x349.jpg" alt="Ritzy: 17a Auburn Grove, Armadale is a stone's throw from the High Street shopping strip." style="line-height: 1.3em;">
<div class="cT-imageLandscape">
 Stockdale paid $2 million in 2008.
</div>
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Alan Stockdale struggles again to sell his Armadale home

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A Glebe terrace, featured in the Australian film Looking for Alibrandi, has been listed for May 30 Ray White auction.
The fame of <a href="https://www.realestateview.com.au/Real-Estate/1-cardigan-street-glebe/Property-Details-buy-residential-8774124" target="_blank">1 Cardigan Street</a> dates back to the 2000 film which movie buffs will recognise as the home of Josephine Alibrandi.
Updated since the film, the two-bedroom 1900 home features a modern kitchen, bathroom and new decor.
Based on the novel by Melina Marchetta about a teenage girl, Looking for Alibrandi starred Australian actors including Pia Miranda, Anthony LaPaglia and Greta Scacchi.
It last sold after 20 years of ownership in 2013 at $900,000, when the film was writ large in the marketing.
This time it is not mentioned.
The inner west gave Italo-Australian authenticity to Looking for Alibrandi, though Cardigan Street was chosen for its city views. 
The film location manager, Maude Heath advised the tomato festival scene was shot in Five Dock.
The grandmother of Melina Marchetta, who wrote both the novel and screenplay, lived in a house used in the film. 
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Looking for Alibrandi Glebe terrace for auction

<html><body><div class="cq-article-content-paras section">
The Edge, Port Douglas, a hillside Charles Wright designed trophy home, has been listed with a $7.4 million asking price.
The 555-square-metre single-level home located at the northern tip of Port Douglas was built for the late Sydney industrialist Peter Graham and his wife Claire.  
It has been listed through Raine &amp; Horne Port Douglas agent Barbara Wolveridge.
<a href="https://www.wrightarchitects.com.au/projects-2/contact/island-point-house/" target="_blank">The Edge</a> received a regional commendation by the Australian Institute of Architects in its 2015 awards, now up for Queensland home of the year, designed like an outdoor shell with cantilevered roof. It won the 2015 Queensland Architecture Awards, Eddie Oribin Award for Building of the Year, FNQ Region.
The house has two bedrooms and four bathrooms with a wet edge pool.
The Charles Wright-designed house was completed in June 2014.
It is offered fully furnished. 
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Charles Wright designed The Edge Port Douglas listed

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Australia's low interest rates were helping to boost household consumption, but the RBA says the consumption uptake was probably slower than it was in the past.
"This is because high debt levels mean that households are less inclined than they once were to respond to low interest rates by borrowing to increase their spending," the <a href="https://www.rba.gov.au/speeches/2015/sp-dg-2015-05-18" target="_blank">RBA deputy governor Philip Lowe said</a>.
"Notwithstanding this, there is still a spending response to low interest rates and household consumption rose by nearly 3% in 2014. 
This is slower growth than in the period from the mid 1990s to the mid 2000s, but it is faster than current growth in real household income," he said in a speech titled, Managing Two Transitions, Philip Lowe at the Corporate Finance Forum yesterday.
"However, as I have spoken about previously, the overall effect on consumption is probably smaller, or at least slower, than it was in the past.
"This is because high debt levels mean that households are less inclined than they once were to respond to low interest rates by borrowing to increase their spending.
"Notwithstanding this, there is still a spending response to low interest rates and household consumption rose by nearly 3 per cent in 2014.
"This is slower growth than in the period from the mid 1990s to the mid 2000s, but it is faster than current growth in real household income.
His speech was on two transitions - the first in the Australian economy following a period of extraordinarily strong growth in investment in the resources sector combined with record high commodity prices.
"The second is a much more international one – and that is what seems to be a transition to a world in which global interest rates are lower, at least for an extended period, than we had previously become used to."
The effects of local low interest rates were "perhaps clearest in residential construction" which increased by 8 per cent in 2014.
"And with building approvals continuing at very high levels over recent months, particularly for apartments, we can look forward to further increases in construction activity over the months ahead (Graph 6).
Graph 6
<a href="https://www.rba.gov.au/speeches/2015/images/sp-dg-2015-05-18-graph6.gif" target="_blank" title="Graph 6: Residential building approvals"><img src="https://www.rba.gov.au/speeches/2015/images/sp-dg-2015-05-18-graph6-small.gif" alt="Graph 6: Residential building approvals"> </a> <a class="displayNone" href="https://www.rba.gov.au/speeches/2015/images/sp-dg-2015-05-18-graph6.gif" target="_blank" title="Link, opening in a new window, to larger image."> </a>
While the transition that is taking place was not exactly seamless, the transition was being assisted by three developments: the lower exchange rate; restraint in aggregate wage growth; and the stimulatory setting of monetary policy, he noted.
<div id="content" class="col2">
<div class="hr">Wage growth was now running at the slowest pace in many years (Graph 5). </div>
<div class="hr"> </div>
<div class="hr">"While this means that average living standards are not increasing at the rate they were during the investment boom, the slower growth in wages is helping to improve the competitiveness of the Australian economy. </div>
<div class="hr"> </div>
<div class="hr">"Lower wage growth, by supporting employment growth, is also helping to share the burden of adjustment across the broader community.</div>
Graph 5
<a href="https://www.rba.gov.au/speeches/2015/images/sp-dg-2015-05-18-graph5.gif" target="_blank" title="Graph 5: Wage price index growth"><img src="https://www.rba.gov.au/speeches/2015/images/sp-dg-2015-05-18-graph5-small.gif" alt="Graph 5: Wage price index growth"> </a> He said the part of the transition that is taking place more slowly than the RBA had earlier expected was the lift in business investment outside the resources sector.
</div>
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RBA says we are cautious consumers despite record lows

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Just one bidder was evident when The Clocktower House in Toorak went to auction on the weekend through Warwick Anderson at RT Edgar.
It was passed in at $3.77 million, but sold at an undisclosed price soon after for what was said to be an "outstanding" offer.
With its bronze clock tower, the residence was originally the garage and chauffeur's residence of the Homeden estate. The Rolls Royce has long gone.
It was converted some 25 years ago.
<a href="https://www.realestateview.com.au/Real-Estate/4-lawrenny-court-toorak/Property-Details-buy-residential-8666570" target="_blank">The Clocktower House</a> building dates from the Nicholas Aspro family days. There was feedback during the marketing campaign that Yehudi Menuhin, who had married Nola Nicholas, had practiced his violin upstairs.
It is now a four bedroom home behind its blackwood and copperlight arched doorway following its renovation by John and Judith McKindley family at an estimated $22,000 cost following its 1979 purchase. 
It sits on a 740 square metre block at 4 Lawrenny Court. It last traded in 1985 at around $450,000.
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Just one bid when Toorak chauffeur's clocktower quarters went to auction

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The most affordable property reported sold at the weekend was a three bedroom unit at Greenacre that sold for $419,000 through Town and Country Real Estate.
The unit at <a href="https://www.realestate.com.au/property-unit-nsw-greenacre-119592591">8/11-17 Davidson Street</a> was bought by owner occupiers, estate agent Hui W Zhu told Property Observer.
It had been marketed as an "excellent opportunity to break into the Inner West market at an affordable price."
The recently renovated unit, freshly painted with brand new carpet.
There was a registered carport with direct access to private backyard.
 
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A $419,000 Greenacre was Sydney's cheapest weekend result

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Former federal MP Peter Garrett secured $1,321,000 when he severed ties with his coastal Sydney electorate.
Cooley Auctions secured the sale of his Randwick house at auction on Saturday, as Sydney's overall clearance rate dropped to 84.4% from last week's record initial 89.2% among the 556 offerings.
It ranked as among the lowest clearance rates since March.
Auctioneer Damien Cooley secured a $1.2 million opening bid for 6 Gordon Street, Randwick, which the former Federal Labor Minister and Midnight Oil vocalist bought in 2010 for $932,500.
Belle agent Shane Vincent had revised the price guide from $1.05 million up to $1.1 million-plus.
The couple have reportedly recently purchased an unrenovated 1890s terrace in Paddington for $2.7 million.
The weekend offering was among the 535 auctions, well down on the 736 auctioned last weekend and also below the 599 auctioned over the same weekend last year.
The city and east hosted the most number of auctions with 73 followed by the upper north shore 71, the south 69, the inner west 66, and the south west 57.
Bexley was the most popular suburb in Sydney for auctions with nine, followed by Beecroft's eight, Randwick seven, Mosman, Paddington and Hunters Hill each with six.
The Sydney weekend auction market weakened on Saturday following its record-breaking run of the past month, APM senior economist Dr Andrew Wilson said.
"Although the 84.4% result still reflects an undeniable strong market for sellers, the result was nonetheless the lowest recorded on a non-holiday weekend for two months," he said.
This weekend’s result was well down on the previous weekend’s all-time record clearance rate of 89.2% but well ahead of the 74.9% recorded over the same weekend last year.
The top performer was the lower north with 95.2% followed by Canterbury Bankstown with 92.1%, the north west 88.9%, the inner west and the upper north shore each with 86.7%, the west 84.8%, the city and east 83.6%, the northern beaches 82.6%, the south west 79.3%, the south 76.8% and the central coast with a clearance rate of 68.8%.
 
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As weekend auctions weaken, Peter Garrett quits Randwick for Paddington 

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The former Melbourne penthouse apartment abodes of Geoffrey Edelsten on Exhibition Street, were sold by National Australia Bank, Mr Edelsten's mortgagee at weekend auction.
The three bedroom penthouse at <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-119556667" target="_blank">1803/181 Exhibition Street</a> sold for $1,607,000.
The one-bedroom pad 1804/181 Exhibition was passed in for $1,301,000 but sold later by negotiation through selling agent Don Gallichio of Galldon Real Estate.
Byrnne Gordon has caveats placed on the penthouses, after the break-down of their high-profile, four-year marriage in 2009.
They each cost $1.375 million in 2006 and 2007.
Edelsten made his first fortune in 1984 when he opened a pioneering 24-hour medical clinic in Sydney.
Title Tattle has been writing about his properties since 1986 when Formentor, in then semi-rural Dural, went to auction with $1.5 million hopes.
Formentor, a breathtaking Spanish villa built by retired stockbroker Michael McAlister, was once owned by the Bill and Imelda Roche, who financed Geoffrey Edelsten into his $960,000 purchase of the Old Northern Road property in 1980 with a $885,000 mortgage. Edelsten later sold it to John Barcham for $1.25 million in early 1987.
By mid-1987 his Broadway clinic's grand piano and brass plate out front had gone.
But Geoffrey Edelsten and his then wife Leanne had by then found the security and seclusion of a leased penthouse at the Quay, Circular Quay complex.
The circus changes town, but the performances are pretty consistent.
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Geoffrey Edelsten's Exhibition Street highlife ends with NAB mortgagee sales

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.

&nbsp;

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.

[smartcode_project:default project_id=134403 project_image_fid=372756]

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."

[smartcode_project:default project_id=134403 project_image_fid=350664]

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."

[smartcode_project:default project_id=134403 project_image_fid=372761]

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.

[smartcode_project_cta:default project_id=134403]

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;

[smartcode_project:default project_id=142519 project_image_fid=372786]

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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