<html><body>
Sydney was riding the spring racing fervour, with strong buyer demand evident for the latest off the plan apartment offering at Randwick on Saturday.
And Melbourne's embrace of the 13th season of The Block saw big crowds turn up at the inspections of the five Elsternwick house offerings.
The relocated and extended homes were open for the first time on Sunday with queues extending along Regent Street.
The upcoming October 28 auctions have come with indicative sale prices between $2.4 million and $2.64 million, although market commentators have suggested previously the homes ought fetch $3 million.
The first stage of the Newmarket Randwick project sold out - all 124 apartments mostly to owner occupiers for a $175 million total.
Known as <a href="https://www.newmarketrandwick.com.au/?gclid=EAIaIQobChMIr_mc2-Pz1gIVxgRoCh3_zQ9IEAAYAiAAEgJP6fD_BwE" target="_blank">Newmarket Residences</a> (above), the two eight storey proposed buildings were designed by Bates Smart taking inspiration from the nearby heritage Newmarket House and the grand old stable buildings on the site.
Some of the buyers in the conversion of the former Inglis thoroughbred sales complex went onto The Everest race day.
During the four hours sales session, a three-bedroom apartment sold at the top $2.8 million price. Prices for one-bedroom apartments started from $780,000, two-bedroom apartments from $1,200,000 and three-bedroom apartments from $2,200,000. There were 54 x one bedroom apartments, raging between 51sqm- 70sqm; 62 x two bedroom apartments, 73sqm- 93sqm and 12 x three bedroom apartments, 114sqm- 137sqm.
The Cbus Property development will have 642 apartments and terraces on its 2020 completion after the five-hectare site was secured for a reported $250 million in 2015.
The site had accommodated up to 620 horses and included a 1000 person arena used regularly for major horse sales.
William Inglis &amp; Son Ltd, the 150-year-old family business had secured the site for £50,000 in 1917, but sold after shifting to new headquarters near Warwick Farm Racecourse in south-west Sydney.
Meanwhile Sydney’s preliminary auction clearance rate was 69.5 per cent across 916 auctions, after last week saw the final 61.3 percent clearance rate fell to the lowest level since late 2015.
"This is likely to revise lower over the next few days as more results are collected," CoreLogic auction analyst Kevin Brogan said.
This time last year, Sydney auction volumes were similar, although the clearance rate was much stronger at 81.4 per cent.
The Eastern suburbs (81.5 per cent), North Sydney and Hornsby (81.0 per cent) and Northern Beaches (80.7 per cent) had the highest clearance rates.
Sydney's Bronte secured the top weekend sale across the nation with a pre-auction sale of <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-126425298" target="_blank">a $6.43 million contemporary home</a>.
Architect Michael Folk captured the essence of beach house luxe, selling agent Alexander Phillips at Phillips Pantzer Donnelley said.
But Domain's senior economist Dr Andrew Wilson decreed the boom-time results of recent years have now clearly ended.
"Although home prices are now falling, the underlying drivers of the Sydney housing market remain positive with strong migration, a robust local economy and an underlying chronic shortage of homes," Dr Andrew Wilson, the Domain senior economist added.
The national auction clearance rate held firm, buoyed by stronger results across the Melbourne and Canberra housing markets, according to CoreLogic.
There were 2,497 auctions held across the combined capital cities, up from 2,318 last week.
So far, 2,007 results have been reported to CoreLogic, returning a preliminary clearance rate of 70.6 per cent, increasing from last week when the final clearance rate slipped to 64.4 per cent, the lowest clearance rate since January 2016.
Over the corresponding week last year, auction volumes were similar, with 2,443 properties taken to auction, while the clearance rate was stronger at 76.2 per cent.
Melbourne's 74.8 per cent success rate was the nation's strongest, followed closely by Canberra on 74.5 per cent. 
Melbourne was host to 1,208 auctions and with 1,042 results sits above the prior weekend's final clearance rate of 70.3 per cent.
At the same time last year, Melbourne’s clearance rate was 77.7 per cent across 1,182 auctions.
Of the Melbourne sub-regions, 6 of the 9 regions recorded clearance rates above 75 per cent.
Melbourne's top sale was $6.37 million at Middle Park. <a href="https://www.realestate.com.au/sold/property-house-vic-middle+park-126443678" target="_blank">The 307 Beaconsfield Pde offering</a> was sold without heritage overlay through Greg Hocking Holdsworth agent Simon Gowling.
Both the Inner South and the North West Melbourne regions recorded a preliminary clearance rate of 78.8 per cent this weekend, followed by the Outer East region where 76.7 per cent of auctions cleared.
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Race to buy Newmarket Randwick off the plan highlight of weekend sales

<html><body>
<div>
Singaporean businessman CK Ow has his Vaucluse harbourfront mansion listed with hopes of bettering Sydney's $71 million record price.
Mr Ow, chairman and chief executive of Singaporean hotel owner and developer Stamford Land Corporation Limited, is selling Phoenix Acres, a 3731sq m site with six-bedroom, six-bathroom home at 38B The Crescent.
It was bought 22 years for $7,001,000 from the Braham family.
Tycoon James Packer's non-harbourfront mansion, also in Vaucluse sold for $70 million, and in April this year John B Fairfax family's Elaine estate in Double Bay sold for $71 million.
</div>
<div><img src="https://www.afr.com/content/dam/images/g/z/0/5/n/i/image.imgtype.afrArticleInline.620x0.png/1507851220721.jpg" alt="The deep water jetty was built for ferries that connected it to Circular Quay before the mansion was built in the 1960s." width="620" data-src="https://www.afr.com/content/dam/images/g/z/0/5/n/i/image.imgtype.afrArticleInline.620x0.png/1507851220721.jpg"></div>
<div> </div>
<div>Its deep water 80 metre jetty was built for ferries that connected it to Circular Quay before the mansion was built in the 1960s by newspaper tycoon Ezra Norton in the 1960s.</div>
<div> </div>
<div>The estate comes with championship tennis court, resort-style pool and an English-style pub.</div>
<div> </div>
<div>In 2003 The Australian wrote his four residences - in Sydney, London, Singapore and New Zealand - all have their own English pub.</div>
<div>
 His taste in cars run to a Ferrari 360 Spider and three chauffeured Rolls-Royces with the OW1 registration.</div>
<div>
 Likened by an easily enraptured The Straits Times of Singapore to American Donald Trump, Ow was described as seeming to be a reclusive poster boy for ostentatious excess. </div>
<div> </div>
<div>Ow says he is selling Vaucluse because he no longer spends much time there.</div>
<div>
"Sadly, I do not spend sufficient time there to enjoy this jewel of a property as my travels take me to many other far reaches of the world."
<img src="https://www.afr.com/content/dam/images/g/z/0/5/n/c/image.imgtype.afrArticleInline.620x0.png/1507851256724.jpg" alt="The 'pub' at 38b The Crescent Vaucluse" width="620" data-src="https://www.afr.com/content/dam/images/g/z/0/5/n/c/image.imgtype.afrArticleInline.620x0.png/1507851256724.jpg">
</div>
<div> </div>
<div>
“My Vaucluse home is magical and irreplaceable. It is more than just a waterside home. It’s a sea-side resort, self-sufficient with all country club amenities,” Mr Ow said in a statement.
Stamford Land is building Macquarie Park Village - a mixed use apartment project - at the corner of Herring and Epping Roads in Macquarie Park. It is listed through Ray White agent Craig Pontey. The 1946-born Ow Chio Kiat and wife Katherine Ow have two children, Ow Yew Heng, a chief executive officer with the group, and daughter Ow Yiling Kiat, a former Citibanker, now working at Stamford Land as treasury manager. Ow Yew Heng has a bachelor of Business, Accounting &amp; Management from the University of Technology, Sydney.
Ms Kiersten Ow YiLing holds a Diploma in Mass Communications from the University of Technology, Sydney.
</div>
<div class="cq-article-content-media section"> </div>
</body></html>

CK Ow's Phoenix Acres, Vaucluse comes with $70 million record setting hopes

<html><body>
The historic hillside Brisbane home, Cremorne at Hamilton has been sold by Fone Zone co-founder David McMahon and wife Tracey, following their move to Aspen, Colorado.
The <a href="https://www.realestate.com.au/property-house-qld-hamilton-123306210" target="_blank">Mullens Street home</a> on its 2400 square metre block fetched $5,975,000 when auctioned through Sarah Hackett at Place Estate Agents.
The couple, who paid $6,625,000 in 2015, were only the third owners.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/13/Cremorne12.jpg" alt="">
Cremorne, built by a publican, James O'Connor in 1905, sold to the Gunn cattle farming family descendants, Galen and Lynda Gunn..
Galen Gunn is the director of Hawcs, an aerial surveying company that servicespowerlines and utility providers. Their Brisbane move was prompted by schooling opportunities for their two sons.
Designed by architects Eaton and Bates, it comes with a new pavilion extension by BVN Donovan Hill, crafted from imported French zinc and featuring floor to ceilings glass, that received the 2009 Queensland division Australian Institute of Architects Award for residential architecture.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/13/CREMORNE2.jpg" alt="">
 
 
</body></html>

Historic Hamilton Hill home Cremorne sells 

<html><body>
The latest Millers Point auctions saw seven terrace properties selling under the hammer for a combined $18,741,000.
To date, McGrath has sold 136 properties with a total value of over $415 million, as part of the Millers Point sales program.
Commenting on the continued 100% success rate, McGrath agent Lorraine Crawford said it was a very successful night with competitive bidding across all seven properties.
There were 28 registered parties placing 432 bids on the night.
The sales included:
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment/nsw/sydney-cbd/the-rocks/352262" target="_blank">52 Gloucester Street</a>, The Rocks, NSW
$2,000,000
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/52%20Gloucester.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356664" target="_blank">5 Windmill Street</a>, Millers Point, NSW
$2,400,000
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/5%20Wind.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356671" target="_blank">63 Kent Street</a>, Millers Point, NSW
$2,530,000
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/Kent5.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/331234" target="_blank">85 Lower Fort Street</a>, Millers Point, NSW
$2,570,000 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/85%20Lower%20Fort.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/326256" target="_blank">75 Windmill Street</a>, Millers Point, NSW
$2,680,000
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/75%20Wing.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356667" target="_blank">30 Kent Street</a>, Millers Point, NSW
$3,000,000
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/Kent.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356670" target="_blank">26 Argyle Place</a>, Millers Point, NSW
$3,561,000
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/12/26%20Argyle.jpg" alt="">
</body></html>

Millers Point terraces sold for $18.7 million total

<html><body>
At the Property Council WA Annual Golf Classic, property professionals raised $3,000 for the Kids Cancer Foundation.
“It’s great to see the industry stepping up to support the important work Kids Cancer Foundation provides as well as championing the industry’s diversity agenda,” Property Council WA Executive Director, Lino Iacomella said.
The event was a huge success with a record number of participants attending as well as a record number of female participants joining in on the fun.
<img src="https://www.urban.com.au/images/2017/09/15/IMG_5112.JPG" alt="">
The events success was contributed by major sponsor HFM Asset Management along with Airlite Group, Stockland and 3 Oceans Properties and Core Logic.
The overall winners of the tournament were Rowe Group, closely followed by Bankwest and Probuild.
“The property industry embracing the importance of diversity through the including of three women’s golf teams and numerous mixed teams.
<img src="https://www.urban.com.au/images/2017/09/15/IMG_5099.JPG" alt="">
“The golf classic was a fantastic way for the industry to network and grow their business in a unique and informal setting while raising funds and awareness of two very worthy causes,” Mr Iacomella said.
</body></html>

Property industry swings in to action for Kids Cancer Foundation

<html><body>
Adelaide recorded a marginal quarterly decline in house prices, down by 0.3% to $519,517, according to Domain.
Comparatively, however, the 0.3% drop follows five consecutive months of house price increases and the result is up 4.1% year-on-year.
Adelaide was one of the few capital cities to record an increase in median unit prices over the September quarter, jumping 1.6% to $313,074. The quarterly result is 2.6% higher than the same time last year.
Domain quarterly stratified median house prices:
<table border="1" cellpadding="0">
<thead><tr>
<td>
HOUSE
</td>
<td>
SEP 2017
</td>
<td>
JUN 2017
</td>
<td>
SEP 2016
</td>
<td>
QOQ %
</td>
<td>
YOY %
</td>
</tr></thead>
<tbody>
<tr>
<td>
Sydney
</td>
<td>
$1,167,516
</td>
<td>
$1,190,677
</td>
<td>
$1,079,309
</td>
<td>
-1.9%
</td>
<td>
8.2%
</td>
</tr>
<tr>
<td>
Melbourne
</td>
<td>
$880,902
</td>
<td>
$869,598
</td>
<td>
$773,399
</td>
<td>
1.3%
</td>
<td>
13.9%
</td>
</tr>
<tr>
<td>
Brisbane
</td>
<td>
$551,840
</td>
<td>
$552,874
</td>
<td>
$531,767
</td>
<td>
-0.2%
</td>
<td>
3.8%
</td>
</tr>
<tr>
<td>
Adelaide
</td>
<td>
$519,517
</td>
<td>
$520,846
</td>
<td>
$498,971
</td>
<td>
-0.3%
</td>
<td>
4.1%
</td>
</tr>
<tr>
<td>
Perth
</td>
<td>
$554,095
</td>
<td>
$561,391
</td>
<td>
$567,314
</td>
<td>
-1.3%
</td>
<td>
-2.3%
</td>
</tr>
<tr>
<td>
Canberra
</td>
<td>
$723,980
</td>
<td>
$693,962
</td>
<td>
$655,468
</td>
<td>
4.3%
</td>
<td>
10.5%
</td>
</tr>
<tr>
<td>
Hobart
</td>
<td>
$409,592
</td>
<td>
$392,170
</td>
<td>
$356,916
</td>
<td>
4.4%
</td>
<td>
14.8%
</td>
</tr>
<tr>
<td>
Darwin
</td>
<td>
$593,329
</td>
<td>
$615,670
</td>
<td>
$610,510
</td>
<td>
-3.6%
</td>
<td>
-2.8%
</td>
</tr>
<tr>
<td>
National
</td>
<td>
$819,455
</td>
<td>
$823,381
</td>
<td>
$758,367
</td>
<td>
-0.5%
</td>
<td>
10.8%
</td>
</tr>
</tbody>
</table>
The median house rental price in Adelaide remained steady at $360 per week over the September quarter, up 2.9% year-on-year.
However, while house rental prices may have remained flat, Adelaide was the only city to record a positive increase in median unit rental prices – increasing 1.7% over the quarter to $295 per week.
"Second only to Hobart, Adelaide has one of the most affordable median house prices of all capital cities, and the most affordable median unit price," said Domain chief economist, Dr Andrew Wilson.
"Despite experiencing a drop in median house price over the quarter, the solid local market provides investors with growing confidence as it continues to deliver resilient results."
</body></html>

Adelaide median house price steady: Domain

<html><body>
After recording strong growth last quarter, Darwin’s median house price dropped by 3.6% over the September quarter, to $593,329, according to Domain.
The result is 2.8% lower than the same time last year.
The median unit price is Darwin also decreased, dropping by 6.8% to $330,354 — 30.5% lower year-on-year.
Domain quarterly stratified median prices:
<table border="1" cellpadding="0">
<thead><tr>
<td>
HOUSE
</td>
<td>
SEP 2017
</td>
<td>
JUN 2017
</td>
<td>
SEP 2016
</td>
<td>
QOQ %
</td>
<td>
YOY %
</td>
</tr></thead>
<tbody>
<tr>
<td>
Sydney
</td>
<td>
$1,167,516
</td>
<td>
$1,190,677
</td>
<td>
$1,079,309
</td>
<td>
-1.9%
</td>
<td>
8.2%
</td>
</tr>
<tr>
<td>
Melbourne
</td>
<td>
$880,902
</td>
<td>
$869,598
</td>
<td>
$773,399
</td>
<td>
1.3%
</td>
<td>
13.9%
</td>
</tr>
<tr>
<td>
Brisbane
</td>
<td>
$551,840
</td>
<td>
$552,874
</td>
<td>
$531,767
</td>
<td>
-0.2%
</td>
<td>
3.8%
</td>
</tr>
<tr>
<td>
Adelaide
</td>
<td>
$519,517
</td>
<td>
$520,846
</td>
<td>
$498,971
</td>
<td>
-0.3%
</td>
<td>
4.1%
</td>
</tr>
<tr>
<td>
Perth
</td>
<td>
$554,095
</td>
<td>
$561,391
</td>
<td>
$567,314
</td>
<td>
-1.3%
</td>
<td>
-2.3%
</td>
</tr>
<tr>
<td>
Canberra
</td>
<td>
$723,980
</td>
<td>
$693,962
</td>
<td>
$655,468
</td>
<td>
4.3%
</td>
<td>
10.5%
</td>
</tr>
<tr>
<td>
Hobart
</td>
<td>
$409,592
</td>
<td>
$392,170
</td>
<td>
$356,916
</td>
<td>
4.4%
</td>
<td>
14.8%
</td>
</tr>
<tr>
<td>
Darwin
</td>
<td>
$593,329
</td>
<td>
$615,670
</td>
<td>
$610,510
</td>
<td>
-3.6%
</td>
<td>
-2.8%
</td>
</tr>
<tr>
<td>
National
</td>
<td>
$819,455
</td>
<td>
$823,381
</td>
<td>
$758,367
</td>
<td>
-0.5%
</td>
<td>
10.8%
</td>
</tr>
</tbody>
</table>
Rental prices for both houses and units in Darwin have remained steady over the quarter, sitting at $520 and $400 per week, respectively.
Both the houses and unit figures remained steady over the last three months, the results do indicate a drop year-on-year – by 5.5% and 5.9% respectively.
"The drop of 30.5% in median unit prices year-on-year is indicative of the oversupply of apartments in the city," said Domain chief economist, Dr Andrew Wilson. 
"This same oversupply is highlighted by the annual decrease in median rental prices and is expected to continue until demand and supply are rebalanced.
"Unfortunately, policies that are designed to restrict investor lending, are also impacting those apartment markets where supply is already well ahead of demand."
</body></html>

Darwin house prices dipping again: Domain

<html><body>
A two bedroom Blacktown apartment has sold for $411,000, making it Sydney’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-apartment-nsw-blacktown-126407666" target="_blank">22/16 Oxford Street</a>, the property occupies a corner position within ‘The Marc’.
Built in 2005, it last sold in 2015 for $420,000. It was offered with a price guidance of $400,000 to $420,000.
It sold at $305,000 in 2005 on its completion.
It features an open plan living area with fresh interior updates and leads to a balcony. It has 67 square metres of internal space.
The kitchen has stone features and stainless steel, while the two bedrooms have built-in mirrored robes and the master an ensuite as well.
Other features includes car space in garage and visitor parking.
Public transport, shops and restaurants are a short walk away.
The property was offered through John Kastellorios of Laing + Simmons.
It had been offered as a $390 a week rental in early 2017, having been a $350 a week rental in 2014.
</body></html>

Sydney's cheapest weekend auction saw price fall at Blacktown to $411,000

<html><body>
A four bedroom Crace house has sold for $1,157,000, making it Canberra’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-act-crace-126349522" target="_blank">30 Ivory Street</a>, the 555 square metre property includes high-end inclusions and finishes.
It last sold in 2013 for $336,000.
It features four bedrooms, with the master bedroom having its own ensuite and walk-in robe.
There are three designer bathrooms included all with stone benchtops.
The kitchen came with 40 millimetre Calcutta caesarstone benchtop, two SMEG ovens, 900 millimetre Miele Induction Cooktop, 900 Miele Rangehood, Bosch dishwasher and soft-close drawers.
There is also a walk-in pantry finished with 40 millimetre Calcutta caesarstone benchtops and mirrored splashbacks.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/08/30%20Ivory%20Street-2.jpg" alt="">
The Ultraluxe alfresco has a ceiling fan, two outdoor heaters and built-in speaker system while the outdoors has a built-in BBQ area with custom cabinets, BBQ, storage, sink and wine fridge.
A huge concrete space is available to the side of the property making it perfect for trailer, boat or caravan.
Crace shops, Gungahlin Town Centre and Canberra Centre are a short drive away.
The property was offered through Luton agents Jason Roses and Adrian Giampietro.
</body></html>

Four bedroom Crace house sold for $1,157,000

<html><body>
A five bedroom house at Chapel Hill has sold for $1.95 million, making it Brisbane’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-chapel+hill-126156922" target="_blank">68 Tristania Road</a>, the 2000 square metre property is marketed as “reminiscent of a charming country lane”.
Built in 2013, the block last sold for $1.55 million in 2011.
It features five bedrooms along with a retreat and two bathrooms, with the master having its own ensuite.
It is flanked by a private creek with open spaces as well as a fire pit and climbing trees complete with a tree house.
A large stone kitchen overlooks the entertainment and pool areas along with open meal, formal spaces and separate media or multipurpose room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/08/68%20Tristania%20Road-2.jpg" alt="">
An alfresco area is available along with a solar heated infinity pool and high end sauna which includes its very own shower.
Other feature includes a double lock up garage.
Brisbane CBD is 9 kilometres away from the property with public transport within walking distances.
Local shopping areas, as well as cafes, are just moments away from the property.
The property was offered through Brisbane Real Estate agents Benjamin Smith and Kel Goesch.
</body></html>

Five bedroom Chapel Hill house sold for $1.95 million

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

&nbsp;

Alfred Street the latest North Sydney pocket to be transformed by residential development

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=145590]

Staff reporter

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News