<html><body>
News timeline for Sir William Tyree Darling Point ....
 (3RD) Sydney waterfront $30m sale Sydney Morning Herald-2 hours ago July 3, 2013 - 6:22PM
The Darling Point waterfront home of Sir William Tyree, OBE, looks set to sell to ...
   (2ND) Sir William Tyree's 3 Lindsay Ave, Darling Point, sells for $30m The Australian ?- 19 hours ago
Yachting Australia's vice president Matt Allen has paid more than $30 million for Sir William Tyree's Darling Point mansion, which has been ...
 
 
(1ST) Yachtie Matt Allen takes put and call option over Sir William Tyree's ... Property Observer 2 days ago -
Yachtie Matt Allen, a veteran of more than 20 Rolex Sydney Hobart Yacht Races. has taken a put and call option over Sir William Tyree"s ...
 
By Jonathan Chancellor  <abbr title="2013-07-01 02:02:26">Monday, 01 July 2013</abbr>
<label for="NOW_FO_LTD_2909788">Yachtie Matt Allen, a veteran of more than 20 Rolex Sydney Hobart Yacht Races. has taken a put and call option over Sir William Tyree"s Darling Point harbourfront.</label>
<label for="NOW_FO_LTD_2909788">One of Sydney Harbour’s longest property owners, Sir William Tyree, the founder of a 1940s electrical transformer manufacturing company, has given Allen the rights to buy his Darling Point harbourfront residence which comes with unenviable waterfront facilities.</label>
<label for="NOW_FO_LTD_2909788">The deal was done last month, presumably at well short of its ambitious $50 million hopes on its initial listing. Matt Allen's most famous Sydney to Hobart skippering has been of Ichi Ban, which has variously been a Sydney 38 OD, a Farr 40 OD and a Jones 70 ocean racer. He is the former Cruising Yacht Club of Australia commodore.</label>
<label for="NOW_FO_LTD_2909788">Sir William - who briefly dabbled in fm radio licences in the late 1970s - was knighted in 1971 for philanthropic services.</label>
<label for="NOW_FO_LTD_2909788">In the early 1990s Sir William successfully resisted attempts by Woollahra Council to turn his foreshore land, which has unrivalled boating facilities, into a harbourfront open space linking to nearby McKell Park.</label>
<label for="NOW_FO_LTD_2909788">Sir William engaged three agents, Bill Bridges of Ballard Property, Ken Jacobs of Christies International and Michael Dunn from Richardson &amp; Wrench to find its buyer in August 2011.</label>
<img src="/images/stories/lyndsay1.jpg">
Its an 1,800-square-metre Lindsay Avenue property at the tip of Darling Point and next door to Glanworth, owned by the media tycoon Kerry Stokes, who everyone throught might be the likely buyer, if not the other neighbour, Stan Howard.
<img src="/images/stories/lyndsay2.jpg">
Sir William bought it in 1967 for $170,000 from the estate of Margaret Wirth of the Wirth Circus family.
It was listed with $40 million to $50 million hopes in 2011. And as Property Observer noted on its listing, the price may have been achievable two to three year earlier, but not then and not now.
No sale price is yet available. Nor the specifics as to the option. But Title Tattle presumes it fetched around $30 million, and more likely on the high side.
It was 1996 when the Potter Warburg executive Matt Allen spent $5.65 million sale to buy the Yoorami Estate in Bellevue Hill from the barrister Geraldine Vandeleur, wife of silk Charles Sweeney.
</body></html>

jchancellor-FAypfDUnLy

Telling property voyeurs first: Sir William Tyree's $30 million plus Darling Point sale

<html><body>
The Matcham property of noted landscape photographer Ken Duncan has been listed with $1.2 million plus hopes through the Gittoes agency.
The Oak Road property comes with a seven bedroom, three bathroom house.
<img height="314" width="470" src="/images/stories/2013/09/27/matcham-sept-27-one.jpg" alt="matcham-sept-27-one">
It also comes with an approved sales gallery.
The country style home on the NSW Central Coast is set on 2.1 acres with park-like grounds.
It is close to Terrigal beach, Erina Fair and the Central Coast Grammar School.
The property offers the opportunity for someone who also wishes to operate a gallery from home.
<img height="314" width="470" src="/images/stories/2013/09/27/matcham-sept-27-two.jpg" alt="matcham-sept-27-two">
There is parking for cars and buses. The Ken Duncan gallery is now based at Erina Heights. He also has galleries in The Rocks, Sydney and Melbourne's Collins Street.
The <a target="_blank" href="https://www.gittoes.com.au/properties/residential/Acreage+Semi+Rural-NSW-Matcham-114980347">Gittoes agency</a> has two other acreages priced at $1.4 million and $1.695 million. 
</body></html>

Landscape photographer Ken Duncan lists Matcham house and former gallery

<html><body>
No sign of it being sold, but Beachlands, the 1.19 hectare hilltop acreage site set between Gerringong and Gerroa on the NSW South Coast, has been removed from its auction website marketing.
And those who travel along Crooked River Road noticed the actual auction sign came down last Friday. 
<a target="_blank" href="https://www.propertyobserver.com.au/news/ron-medich-lists-gringonggerroa-nsw-south-coast-development-site-with-claimed-michael-mcgurk-interest/2013053061794">It had been listed by the property developer Ron Medich for July 6 auction.</a>
It was listed through Dick Payne First National agent Jason Stalgis who declined to comment to Property Observer.
Local agents don't believe there has been any sale.
The property is owned by Ron Medich Properties Pty Ltd, however the title has a 2009 caveat from the widow of Michael McGurk, Kimberley McGurk claiming a 50% legal interest in the land.
Set 90 mins from Sydney, the slightly undulating land has views over the surrounding countryside towards Walkers Beach across the nearby (pictured within marketing ) golf course.
"This is truly a dream location to build a stunning home with plenty of room for a home business or small agricultural set up," the Dick Payne First National marketing advised.
"The site would also suit further development for farm stay or B&amp;B style accommodation," said the marketing.
"Blocks this size, this close to town are as rare as hens teeth," it says without any reference to what was once mooted as having multi-unit development potential.
It cost $2.19 million in 2007. Kiama Council had sold it in 2002 for $1.12 million shortly after a fire to the old homestead.<a target="_blank" href="https://www.propertyobserver.com.au/https://www.facebook.com/pages/Gerringong-Gerroa/256664214452323?ref=ts"> </a>
</body></html>

Beachlands, Ron Medich's hilltop Gerroa acreage site withdrawn from weekend auction offering

<html><body>
The Surry Hills-based architectural firm, Collins and Turner has been selected to possibly complete a low rise visually-striking bamboo clad restaurant complex on the waterfront promenade at Barangaroo South.
Resembling stacked bamboo bowls, the proposal (pictured below) was revealed today by Lend Lease’s Barangaroo South managing director Andrew Wilson.
<img height="315" width="470" src="/images/stories/2013/07/bamboojuly2one.jpg" alt="bamboojuly2one">
“Collins and Turner submitted an exciting, stylish concept that makes a strong visual statement and confidently holds its own among the other world-class designs at Barangaroo," Andrew Wilson said.
A judging panel comprising Lend Lease team members, a Barangaroo Delivery Authority representative and Ivan Harbour from Barangaroo South master planners Rogers Stirk Harbour and Partners selected Collins and Turner over the 14 other entrants due to its “artistic design” and “well-researched, well organised and flexible approach”.
Barangaroo is a $6 billion urban transformation of the western edge of Sydney's central business district by Lend Lease.
Barangaroo South is the southern 7.5 hectares of the site which will have a mix of uses, including commercial, residential, retail and dining along with a new landmark hotel.
On completion it will be home to around 1,200 residents, 23,000 office workers and more than 2.9 hectares of public space. There will be cafés, bars, eateries, fresh food and market produce, boutique cuisine, convenience stores and premium restaurants.
Prior to establishing their <a target="_blank" href="https://collinsandturner.com/">Collins and Turner </a>practice in 2002, Penny Collins and Huw Turner each worked internationally.
“We are thrilled to now be part of such a transformational project as Barangaroo South,” Huw Turner said after the win.
The judges have also engaged the Darlinghurst firm <a target="_blank" href="https://scalearchitecture.com/">Scale Architecture </a>and its director Matt Chan in working on public realm elements at Barangaroo.
The design of the building will be submitted to the Barangaroo Delivery Authority for approval prior to being submitted to the NSW Department of Planning as part of the statutory planning process.
</body></html>

Bamboo bowl restaurant design on Barangaroo South waterfront promenade

<html><body>
The Fortune of War hotel – marketed as the oldest continuously licensed pub in Australia – has been sold after 26 years in the same hands.
Its reputed sale price is $4.3 million when bought by accountant Peter Walker. The Shout has reported that Walker was joined in the purchase by former C-Inc general manager Steven Speed.
<img width="400" src="/images/stories/fortuneofwar5.jpg">
The Fortune of War, which dates back to 1828, is part of a recently renovated hotel complex positioned opposite Circular Quay in Sydney. The actual George Street hotel is a three-storey facebrick building with stucco detailing built in 1922. The first recorded licensee of the public house was John Boreham who was the seller of wines, malt and liquor. In March 1976 Tooth &amp; Co relinquished its head lease to the Sydney Cove Redevelopment Authority, and the lease has been with publican Robert Keyes since 1987.
Given its location in Sydney’s Rocks district it has prided itself on the reputation of being the first and last port of call for generations of Australian and visiting soldiers.
<img src="/images/stories/fortuneofwar2.jpg">
“With over 100k per week in revenue, it will be hotly pursued,” Jolliffe advised Property Observer.
Of course the claim of Sydney's oldest pub is also claimed by the more upmarket Lord Nelson. Fairfax Media writer Mark Chipperfield wrote the nearby Lord Nelson has the words "Sydney's Oldest Hotel" painted on its exterior in bold letters. Chipperfield noted on face value, the Lord Nelson's claim on the title of oldest pub seems unassailable: built in 1836 using sandstone blocks quarried from Observatory Hill, the pub has held its liquor licence continuously since May 1841. But there are some flaws in the claim including the building being initially built as a private residence for William Wells, a local merchant and publican, and only transformed into a hotel in 1841.
<img width="470" src="/images/stories/fortuneofwar3.jpg">
The offering ames with The Fortune of War Hotel, The Russell Hotel (which offers accommodation, pictured below) and The Russell Wine Bar (pictured above) at the Rocks. It sold through Ray White Hotels agent Andrew Jolliffe inconjunction with Mike Wheatley of Knight Frank, according to The Australia Financial Review.
<img src="/images/stories/fortuneofwar4.jpg">
</body></html>

Fortune of War hotel sells in the Rocks

<html><body>
Since the Queen's Birthday holiday weekend, Sydney's auction clearance rate has averaged 76% compared to the 74% averaged between Easter and the Queen's Birthday, according to Australian Property Monitors.
Both periods represents the highest level of buyer activity for a decade for their like-on-like time period.
Sydney's weekend rate of 77.4% was a strong result with the winter yet to enter hibernation.
The most expensive property reported sold at the weekend was a six-bedroom house at 73 Albert Road, Strathfield, sold by Devine Real Estate for $3.4 million.
It just fell short of the highest recorded house price in Strathfield over the past year of $3.5 million on Augusta Street in February.
A big unit auction sale was a three-bedroom unit at 8a/3 Campbell Parade, Bondi Beach which fetched $2.4 million. But they actually wanted $2.75 million earlier this year.
The most affordable property was a three-bedroom house at 40 Cadonia Road, Tuggerawong, up Charmhaven way in the Wyong Shire which sold for $177,000. They had marketed it as wanting over $150,000.
Sydney's rather sluggish prestige suburbs have emerged as the top performing in 2013, RP Data's June figures show.
RP Data's latest June figures show that over the past six months dwelling values in Sydney's most expensive suburbs rose by 4.8%.
There was 4.6% growth in the broad middle market.
The slowest growth was the most affordable end of the market, which increased by 3.2%.
Tim Lawless at RP Data says Sydney's premium property sector – properties worth $1.5 million or more – had been held back for five years partly because of the volatile weak stock market.
Meanwhile prestige Sydney Harbour offerings are being m0pped up after months on the market.
Yachtie Matt Allen has taken a put and call option over Sir William Tyree's Darling Point harbourfront.
The deal was done last month, presumably at well short of its ambitious $50 million hopes on its initial listing. Matt Allen's most famous Sydney to Hobart skippering has been of Ichi Ban.
Its an 1,800-square-metre Lindsay Avenue property at the tip of Darling Point.
Sir William bought it in 1967 for $170,000 from the estate of Margaret Wirth of the Wirth Circus family.
It was listed with $40 million to $50 million hopes. No sale price is yet available, nor the option details, but Property Observer would expect somewhere around $30 million.
Altona, the Point Piper harbourfront mansion, crowned the recent financial year’s list of Sydney’s top 20 highest price house sales.
</body></html>

No signs of winter hibernation as June Sydney auctions strongest in a decade: APM 

<html><body>
<label for="NOW_FO_LTD_2909788">Yachtie Matt Allen, a veteran of more than 20 Rolex Sydney Hobart Yacht Races. has taken a put and call option over Sir William Tyree"s Darling Point harbourfront.</label>
<label for="NOW_FO_LTD_2909788">One of Sydney Harbour’s longest property owners, Sir William Tyree, the founder of a 1940s electrical transformer manufacturing company, has given Allen the rights to buy his Darling Point harbourfront residence which comes with unenviable waterfront facilities.</label>
<label for="NOW_FO_LTD_2909788">The deal was done last month, presumably at well short of its ambitious $50 million hopes on its initial listing. Matt Allen's most famous Sydney to Hobart skippering has been of Ichi Ban, which has variously been a Sydney 38 OD, a Farr 40 OD and a Jones 70 ocean racer. He is the former Cruising Yacht Club of Australia commodore.</label>
<label for="NOW_FO_LTD_2909788">Sir William - who briefly dabbled in fm radio licences in the late 1970s - was knighted in 1971 for philanthropic services.</label>
<label for="NOW_FO_LTD_2909788">In the early 1990s Sir William successfully resisted attempts by Woollahra Council to turn his foreshore land, which has unrivalled boating facilities, into a harbourfront open space linking to nearby McKell Park.</label>
<label for="NOW_FO_LTD_2909788">Sir William engaged three agents, Bill Bridges of Ballard Property, Ken Jacobs of Christies International and Michael Dunn from Richardson &amp; Wrench to find its buyer in August 2011.</label>
<img src="/images/stories/lyndsay1.jpg">
Its an 1,800-square-metre Lindsay Avenue property at the tip of Darling Point and next door to Glanworth, owned by the media tycoon Kerry Stokes, who everyone throught might be the likely buyer, if not the other neighbour, Stan Howard.
<img src="/images/stories/lyndsay2.jpg">
Sir William bought it in 1967 for $170,000 from the estate of Margaret Wirth of the Wirth Circus family.
It was listed with $40 million to $50 million hopes in 2011. And as Property Observer noted on its listing, the price may have been achievable two to three year earlier, but not then and not now.
No sale price is yet available. Nor the specifics as to the option. But Title Tattle presumes it fetched around $30 million, and more likely on the high side.
It was 1996 when the  Potter Warburg executive Matt Allen spent $5.65 million sale to buy the Yoorami Estate in Bellevue Hill from the barrister Geraldine Vandeleur, wife of silk Charles Sweeney.
</body></html>

Yachtie Matt Allen takes put and call option over Sir William Tyree's Darling Point harbourfront

<html><body>
There was a very strong Sydney price growth in June, according to the latest RP Data release.
Year on year the growth was 5.6% for all Sydney dwellings.
Houses performed much stronger than units over the past 12 months.
Houses are up 6.3% to a $662,500 median.
Units are up just 2.4% to a $500,000 median, but that’s a record.
It puts the typical Sydney house rental at $535 a week.
The typical Sydney unit rental at $470 a week.
The gap is narrower over the past six months with Sydney house values are up 4.8% while unit values have risen by a smaller 4.0% notes RP Data research director Tim Lawless.
"The results come as a bit of a surprise considering investors are one of the most active segments across the Sydney market and rental yields tend to be higher for units compared with houses.
"Potentially one of the drivers of the detached housing market performance is the fact that this segment of the market saw a larger correction in values between late 2010 and mid 2012; house values were down 6.4% compared with a 3.6% fall across the unit market," Lawless says.
The big question is how sustainable is the recent price growth.
BIS Shrapnel had something to say on this today noting the key regional NSW cities of Newcastle and Wollongong were expected to come close to matching Sydney's median house price growth over the next three years.
BIS Shrapnel forecasts Sydney house prices to rise 19% over the next three years to June 2016, leading an uneven recovery in the housing market.
The forecasts for Newcastle and Wollongong are for gains of 18% and 17% respectively between now and June 2016, and more concentrated in the latter two years.
"Residential property prices in Newcastle and Wollongong usually benefit when Sydney experiences strong price growth and migration into these regional centres increases, says BIS Shrapnel senior manager Angie Zigomanis.
"With affordability in Sydney relatively attractive in a long term sense, an acceleration in prices in these regions is expected to be a little behind that of Sydney, picking up over 2014/15 and 2015/16 as a combination of price rises in Sydney and an expected tightening in interest rate policy begin to reduce affordability in the capital," he says.
</body></html>

Sydney house price growth breaks clear of unit price growth in latest RP Data

The one bedroom cottage at 237 Lawrence Hargrave Drive, Coalcliff comes with $1.1 million plus price hopes.

Located&nbsp;about an hour from Sydney, it last sold in 2010 at $1,245,000 after deacdes of ownership by the Bond family.

The&nbsp;1979 square metre block has been <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-113614475" target="_blank">listed by&nbsp;Simon Beaufils</a> at Ray White Helensburgh who hasn&#39;t been able to secure a buyer since its May auction marketing campaign.

&quot;Properties like this are becoming increasingly rare in today&#39;s market and this may be one of your last opportunities to secure a blank canvas overlooking the ocean on which to build your dream home,&quot; Simon Beaufils said.

There is an approved architectural-designed plan for a&nbsp;three bedroom home.

The Illawarra&#39;s Coalcliff&nbsp;comprises less than 100 homes, surrounded by National Park, with a&nbsp; patrolled surf beach, plus children&rsquo;s and adults tidal wading pools.

Clifftop Coalcliff trophy shack sitting on price precipice

<html><body>
Those battler's from NSW, Steve and Michelle have the most to gain in the Channel 7 home renovation stress series, House Rules.
Their mortgage - and therefore potential prize - stands at  $629,000.
The other finalists are the SA couple, Carly and Leighton who have a $450,000 mortgage.
The state by state House Rules prize guide:
 
NSW Steve and Michelle - $650,000 purchase; $629,000 mortgage.
SA Carly and Leighton $450,000 purchase; $450,000 mortgage.
 
House Rules premiered in May, a new state-versus-state renovation series, from the makers of My Kitchen Rules, aiming to deliver true home renovations.
The six contestant couples put their entire home on the line in the seven-day renovation followed by a further renovation tweak and garden fitout.
The teams had to work independently on their own zone within each house but they also had to work as a team to ensure each room complements the other when it's completed.
The six teams competing were: <a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802165/michelle-steve-nsw/"></a>
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802165/michelle-steve-nsw/">Michelle &amp; Steve</a> (Collaroy Plateau, New South Wales)
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802347/amy-sean-qld/">Amy &amp; Sean</a> (Nundah, Queensland) $365,000 purchase; $300,000 mortgage.
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802523/carly-leighton-sa/">Carly &amp; Leighton</a> (Warradale, South Australia) <a href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802965/jemma-ben-wa/"></a>
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802965/jemma-ben-wa/">Jemma &amp; Ben</a> (Melville, Western Australia) $550,000 purchase; $545,000 mortgage.
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16803037/jane-plinio-tas/">Jane &amp; Plinio</a> (New Town, Tasmania)  $355,000 purchase; $315,000 mortgage.
<a target="_blank" href="https://au.tv.yahoo.com/house-rules/teams/article/-/16802279/nick-chris-vic/">Nick and Chris</a> (Preston, Victoria) $555,000 purchase; $524,000 mortgage.
The host Johanna Griggs said there was plenty of passion and pride in the way teams tackled the renovations.
"It's a bunch of likeable Australians with amazing back stories," Griggs said.
 
All contestants will secure windfall profits from the Channel 7 series which has its grand final elimination countdown this Sunday with a Monday winner announcement.
While the winner gets their mortgage wiped, all the contestants have benefited in differing amounts to windfall renovation gains. Channel 7 won't say how much was spent.
House Rules Victorian brothers, team Chris and Nick have potentially benefited the most from the renovation reality show if they were to sell their Preston home in the current market.
<img height="62" width="50" src="/images/stories/2013/06/houserules1.jpg" alt="houserules1" style="margin: 5px; float: left;">Chris and Nick bought the 1930s Californian Bungalow (pictured below) in August last year for $555,000.
 
{yoogallery src=[images/stories/2013/06/june28chrisandnickafter]}
It has been recently <a target="_blank" href="https://www.propertyobserver.com.au/news/house-rules-contestant-couples-%24100000-to-%24200000-better-off-after-the-renovations/2013061662093">appraised by two local real estate agents</a> to now be worth between $690,000 to $800,000 – an increase of somewhere between $135,000 to $245,000 for the brothers.
<img height="54" width="50" src="/images/stories/2013/06/houserules2.jpg" alt="houserules2" style="margin: 5px; float: left;">New South Wales couple Michelle and Steve slot into second place with their property's price potentially increasing by somewhere between $180,000 to $225,000.
The couple purchased the 1950s coastal weatherboard house (pictured below) for $650,000 in May last year.
{yoogallery src=[images/stories/2013/06/june26michelleandsteveafter]}
They held the biggest mortgage on the show, and therefore the biggest prize of $629,000.
Two <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/nsw-house-rules-couple-michelle-and-steve-could-pocket-up-to-%24225000/2013062562700">local real estate agents appraised</a> their newly renovated Collaroy Plateau home to now be worth between $830,000 to $875,000.
<img height="65" width="50" src="/images/stories/2013/06/houserules3.jpg" alt="houserules3" style="margin: 5px; float: left;">Queensland couple Amy and Sean come in third place, with their home (pictured below) now being worth potentially $135,000 to $165,000 more.
 
{yoogallery src=[images/stories/2013/06/june25amyandseanafter]}
The pair purchased the 1960s Nundah home in June last for $365,000.
<a target="_blank" href="https://www.propertyobserver.com.au/news/amy-and-sean-s-house-rules-nundah-home-now-worth-%24500000-plus/2013062462592">Local real estate agents appraised the property</a> to now be worth $500,000 to $530,000.
<img height="64" width="50" src="/images/stories/2013/06/houserules4.jpg" alt="houserules4" style="margin: 5px; float: left;">Newlyweds Western Australian couple Jemma and Ben could potentially be $115,000 to $135,000 better off.
The couple purchased their first 1950s Melville home (pictured below) for $555,000.
{yoogallery src=[images/stories/2013/06/june28jemmandbenafter]}
Local real estate agents appraised the property to now be worth between $670,000 to $690,000.
<img height="67" width="50" src="/images/stories/2013/06/houserules5.jpg" alt="houserules5" style="margin: 5px; float: left;">Tasmanian couple Jane and Plinio’s New Town property (pictured below) could potentially be worth $70,000 to $135,000 more.
 
 
{yoogallery src=[images/stories/2013/06/june28janeandplinioafter]}
The couple purchased the house in 2010 for $355,000.
Local <a target="_blank" href="https://www.propertyobserver.com.au/news/house-rules-contestant-couples-%24100000-to-%24200000-better-off-after-the-renovations/2013061662093">real estate agents appraised it to now be worth$425,000 to $490,000.</a>
<img height="64" width="50" src="/images/stories/2013/06/houserules6.jpg" alt="houserules6" style="margin: 5px; float: left;">South Australian couple Carly and Leighton slot into last place, with a potential prize profit of $85,000 to $110,000.
The couple purchased the Warradale home (pictured below) for $450,000 in May last year.
{yoogallery src=[images/stories/2013/06/june28carlyandleighton]}
After the reality show renovation, it has been <a target="_blank" href="https://www.propertyobserver.com.au/news/house-rules-contestant-couples-%24100000-to-%24200000-better-off-after-the-renovations/2013061662093">appraised by local estate agents</a> to now be worth $535,000 to $560,000.
</body></html>

Somewhere between $450,000 and $629,000 at stake in House Rules grand final mortgage prize garden fit out 

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

[smartcode_project_cta:default project_id=140755]

The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/X8K0Bozug7A?si=Puwc6vx_ZO0qQZF8" title="YouTube video player" width="560"></iframe>

Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

[smartcode_project:default project_id=342 project_image_fid=364553]

From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

[smartcode_project:default project_id=342 project_image_fid=357510]

While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

[smartcode_project:default project_id=342 project_image_fid=336455]

Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Jonathan Chancellor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News