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With 10 years in the real estate industry, August 2017 was the biggest month ever for Ray White Double Bay agent Gavin Rubinstein.
Rubinstein has just sold close to $50 million worth of real estate.
Back from holidays, in only 19 days at a rate of $2.5 million a day for that period.
Despite reports of the slowing market and low house sales, he suggests each of the nine sales was a bullish result individually.
"While some people are promoting a lot of doom and gloom, I feel that the Eastern Suburbs property market is still in good shape,” Rubinstein said.
One sale was an off-market sale for $8 million in Dover Heights which fetched a street record.
His highest sale for the month was 327A Edgecliff Road in Woollahra which sold under the hammer for $10.1 million.
The buyers of one of his listings in Bellevue Hill were the strongest party going into the auction, but they weren't in a position to move until they had secured a sale on their own house, also in Bellevue Hill.
“We utilised our off-market platform strategy and attracted 20 qualified buyers and generated three formal offers for the buyer’s home within a couple of days.
“After a week, I had negotiated a premium result of $4.2 million for their property and simultaneously exchanged on their purchase for $6.75 million the same day (after 11pm at night),” Rubinstein said.
“The result: two very happy buyers and two very happy vendors.”
Among his 2017 sales includes the purchase in The Rocks by entertainer Larry Emdur.
<div>More than 1200 real estate agents and guests last night celebrated the achievements of 2016-17 at the annual Ray White New South Wales awards.</div>
<div> </div>
<div>Ray White Double Bay had a very successful night, picking up awards as the number one city office in settled commission and the number two office internationally.</div>
<div> </div>
<div>Its elite agent Gavin Rubinstein also took home the number one salesperson awards to be the top residential sales operator in NSW. </div>
<div> </div>
<div>Gavin Rubinstein can also claim to be the number one residential salesperson in all of Australia, and in terms of international rankings across all Ray White businesses, while he is the number three salesperson internationally for Ray White.</div>
<div> </div>
<div>
<div>Ray White Double Bay director Craig Pontey, who received his 30 year tenure medal at the awards, paid credit to his whole team for its own success. </div>
<div> </div>
<div>"We have a lot of agents in the top 10 and a number of sales people just outside (the top 10) and we pride ourselves on our training and the leadership that Mike Finger, Elliott Placks and I have invested in our business is paying substantial dividends," Mr Pontey said.</div>
<div> </div>
<div>"Our salespeople love structure and leadership, and energy. Ray White Double Bay has a culture of harmony and family which is quite important and we work hard to maintain it. Our business has been going now for 30 years and we have come of age, not just in the Eastern Suburbs of Sydney, but in all of Australia.</div>
<div> </div>
<div>"To be recognised as the number one office in Australia is no mean feat as there 1100 offices in the Ray White network.</div>
<div> </div>
<div>"Ray White is the number one agency group in Australasia and it's a very valuable brand, not just to me as a principal, but also to all salespeople in the group.</div>
<div> </div>
<div>"Ray White offers people a very big advantage in every market, and I want to pay my respect to the White family for their support and leadership."</div>
<div> </div>
<div>Ron Kissell of Hurstville had reason to celebrate, not only being awarded number one salesperson in settled commission regionally but also taking the most prestigious award of the night; the Director’s Cup Award, given to the person identified as having made a significant contribution to the Ray White brand.</div>
</div>
 
<div> </div>
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j.ballantyne1990-6AQqhLzZaK

Ray White's Gavin Rubinstein sells $50 million worth of properties in 19 days

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People's Choice Credit Union’s conservative policy of not lending to buyers of apartments in high-density developments more than six storeys high will prove right if there is a property market downturn, according to its chief executive.
Steve Laidlaw, CEO of Australia's second-largest credit union, said the ban on lending for high-density apartments had cost the group business in the boom times, but would ultimately be a big plus.
"There is a bigger credit risk when it comes to high-density apartment living," he said on Monday, The Australian Financial Review reported.
Laidlaw’s statement came during the results announcement. 
People's Choice Credit Union increased its home loan book by about 8 per cent to $6.3 billion in the 12 months ended June 30, 2017, with owner-occupier loans making up 81 per cent and investors 19 per cent. It has 47 branches. Loans to customers in Victoria make up about 9 per cent of the residential lending book.
The group’s net profit after tax slipped 7.98 per cent to $33.1 million for 2016-17, with net interest margins falling as customers shifted to lower rate package products in a highly competitive market. Laidlaw said net interest margins were expected to stabilise in 2017-18.
The credit union has been expanding in Victoria from its traditional base of South Australia and the Northern Territory. 
On the risks of a downturn, Laidlaw said that he didn't think there would be a short-term slide in the apartment market in Australia, but if a downturn did happen, it would likely start with the high-density apartment market."
"Our risks to that space are pretty well mitigated," he said. "We've always been pretty conservative."
However, he expects residential property prices to remain strong and isn't predicting a price slide. 
Laidlaw expects the next movement in official interest rates from the Reserve Bank of Australia to be up, but borrowers have plenty of breathing space. 
"I think the next move is up. We probably think around mid next year at this point in time," he said.
According to him, the RBA will only raise rates in small increments and that most home loan customers across the financial services industry had built in sufficient buffers in the loans to still be able to service them in a higher rate environment.
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Ban on loans for high rise apartments right choice, says credit union CEO  

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BIS Oxford Economics has reversed its forecast that Melbourne will suffer a surplus of apartments.
Faster-than-expected population growth now meant the city would be in balance or potentially face an undersupply as recent census figures showed the state had 109,000 more people than previously expected.
"If you translate that into households, it's close to 35,000 extra households in Melbourne," BIS managing director Robert Mellor told The Australian Financial Review.  
"We thought it would get to a 20,000 excess [of apartments] in Victoria by 2018. We're now saying in 2018 the market has still got an undersupply of about 2000 dwellings. We're talking a 20,000 turnaround."
The findings reflect other census figures showing the proportion of students rose to 27 per cent of demand for inner city apartments in 2016, up from 20 per cent five years earlier, Mr Mellor said.
BIS forecasts apartment commencements in Victoria have shrunk from its 2015 peak of nearly 19,800 to a likely 2021 trough of 7200. 
"It'll start picking up more significantly from 2021-22 and beyond," Mr Mellor said.
"At this stage, we're not predicting the next boom will be as big as the current boom."
BIS says Sydney and Brisbane will also suffer a decline in new housing starts, but that Sydney's reduction would be less severe in relative terms and Brisbane was already in a position of oversupply that would take some years to absorb. 
New high-rise housing starts in NSW were likely to near-halve from its estimated 2017 peak of nearly 32,000 to just over 16,000 in 2020.
Queensland would see commencements drop by more than two-thirds from more than 15,000 in 2016 to just over 4,000 by 2020, BIS forecasts.
The lack of new supply down the track would push rents higher and provide more of an incentive for institutional investors to back the built-to-rent sector, Mr Mellor said.
BIS Oxford Economics had warned of a 15,000-apartment glut in the Victorian capital two and a half years ago.
It repeated the warning last year.
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BIS now forecasts no Melbourne apartment oversupply

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Investor demand in south Sydney has dropped, according to Herron Todd White’s latest September report.
The property data firm says that however home owners remain active in the market.
Like other parts of Sydney, investor demand has declined in recent months while home owners are generally remaining active in the market.
First home buyers generally budget up to $1,000,000, which in this part of Sydney generally restricts property options to units, villas and townhouses.
The report said there are a number of new unit developments in the Sutherland Shire which are attractive for first home buyers including those at Woolooware Bay and the South Village development currently under construction at Kirrawee.
For the latter, 1-bedroom units are selling off the plan for between $600,000 and $700,000, and 2-bedroom units for between $680,000 and $900,000.
Upsizers and families require a budget of $1 million up to $3 million in more popular beachside and riverside suburbs.
Duplex properties are becoming increasingly attractive, allowing a more affordable option of a good sized modern home on a smaller low maintenance block of land.
A sale at <a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-nsw-caringbah-125922062" target="_blank">32B Carabella Road</a>, Caringbah, (above) which sold for $1.562 million in August 2017, comprised a new two storey semi- detached duplex with 4-bedrooms, 2-bathrooms and 1-car garage on a 280 square metre lot.
Empty nesters and downsizers are increasingly looking at large modern apartments in premium locations, which provide a low maintenance lifestyle close to cafes, restaurants and shopping facilities.
In many cases, these buyers are looking to spend as much as, or more than, the sale proceeds from their large family home.
Cronulla has become a popular location for empty nesters and retirees with a number of modern boutique complexes being constructed in recent years.
A large modern garden apartment, opposite the beach, sold in June 2017 for $2.76 million.
The apartment, at 4/29-31 Prince Street, (below) comprised 3-bedrooms, 2-bathrooms, double basement car space and a large wraparound yard area providing beach and ocean views.
<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/2017/09/08/429-31%20Prince%20Street.jpg" alt="">
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Property investor demand in south Sydney drops: HTW

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<img src="https://counter.theconversation.edu.au/content/83455/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Specially designed fluid-filled roof panels can help make air conditioning significantly more efficient, according to new research.
These panels work like solar water heaters, except that they extract heat from the flowing fluid, rather than adding it. This has only been made possible through the development of new, highly reflective materials that allow more heat to be taken out of the fluid than finds its way back in, even in the heat of a sunny day.
As a result, the researchers, led by Eli Goldstein of Stanford University, calculate that these panels, when integrated into an existing air conditioning system, can use 20-50% less power to deliver the same amount of indoor cooling. This in turn could help smooth out demand peaks on the electricity grid in summer, cut energy bills, and reduce the risk of blackouts.
<h2>Cool research</h2>
For several years, the Stanford researchers and my own group at UTS in Sydney have been trying to design smart roof materials that will help dissipate heat from air conditioning systems more effectively.
Conventional air-conditioning systems get rid of their heat by simply venting hot air from the system’s outdoor fan unit. But the new design adds an extra step, using a heat exchanger to pass the normal refrigerant heat into the fluid, which can be either water or glycol. This fluid then flows into the rooftop cooling panels so the heat can be dissipated into the sky. 
<a href="https://www.propertyobserver.com.au/images/2017/09/13/file-20170912-3875-1ot1ggj.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/09/13/file-20170912-3875-1ot1ggj.png" alt="">
The old system and the new. Goldstein et al. Nature Energy
The previous problem with this approach was that on hot, sunny days – when you need air conditioning the most – the Sun makes the fluid-filled panels heat up, rather than cool down.
This problem has only been solved in the past three years, with the design of super-reflective surfaces that can repel 97% of the incoming solar energy. 
<h2>Feeling the heat</h2>
Nearly all synthetic and natural surfaces absorb at least 5% of incident solar heat. Even the best white roof paints typically absorb more than 10% of the Sun’s heat. The best-performing surface is a shiny, flawless layer of silver, but that doesn’t last very long in outdoor conditions. 
But what if we can protect the silver, and maybe even improve its reflective performance by placing it under a layer that also helps to reflect solar energy? Three research groups came up with possible solutions, two involving plastic coverings for the silver, and the third involving a complex layering of different oxide materials. 
At UTS, our approach involved using many layers of two different plastics, placed on top of the silver. The resulting material reflects 97% of the incident solar energy, repelling the sun’s heat so effectively that the fluid inside cools down, even on a hot day.
<h2>Look to the skies</h2>
As the new Stanford research confirms, these super-reflective surfaces can perform a neat trick: getting the rooftop to lose heat during the day in the same way it does on a clear night. On clear nights, upward-facing surfaces can drop to several degrees below the ambient temperature because their heat dissipates high into the sky. The new super-cool roof panels do the same in the daytime as well. For example, they can condense dew well after sunrise even though the outdoor air temperature is above the dew point.
The panels can easily be retrofitted onto existing air-conditioning systems, ultimately saving money in the long run because of the reduced energy use. By modelling their system’s performance, the Stanford researchers calculate that the panels could reduce air-conditioning costs by 21% for a typical two-storey building in the sunny climate of Las Vegas.
These kind of hybrid systems could become commonplace, combining existing indoor air-conditioning technology with the new panels shedding the heat directly upwards into the sky. If you’ll pardon the pun, things are really looking up for those aiming to bring their energy bills down.
<a href="https://theconversation.com/profiles/geoff-smith-405762" target="_blank">Geoff Smith</a> is Emeritus Professor in Applied Physics, University of Technology Sydney and author for <a href="https://theconversation.com/au" target="_blank">The Conversation</a>.
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How the sky can help make air conditioners at least 20 percent more efficient

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A residential development worth $37 million is set for the Queensland Sunshine Coast suburb Birtinya.
Curve Birtinya features 55  one, two and three bedroom apartments with northerly water views.
<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/2017/09/11/Streetscape%20REVIEW%2001F_Small.jpg" alt="">
Scott Juniper from Cube Developments said construction was expected to start January 2018 and be completed by January 2019.
“Taking its cues from nature, Curve Birtinya is built with recreation and relaxation in mind,” he said.
“Offering a stunning architectural statement with sleek lines arcing to the sky, it is casual coastal sophistication at its finest with everything residents need at their doorstep.
“You can paddle in the lake, jog around the shorefront boardwalk, visit local restaurants and cafes, workout in the onsite gym or enjoy a Sunday morning coffee in the beautiful park next door."
<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/2017/09/11/Rooftop%20REVIEW%2001F_small.jpg" alt="">
Located in the Oceanside Health Hub – a 17-hectare development alongside the Sunshine Coast Health Precinct - it offers a prime position in the heart of one of Queensland’s most exciting economic growth areas.
Mr Juniper said early interest in Curve Birtinya had been strong.
<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/2017/09/11/Pool%202%20REVIEW%2001F_small.jpg" alt="">
“Buyers are realising this is a unique opportunity to purchase in one of the Sunshine Coast’s premium lifestyle precincts and major growth corridors,’’ he said.
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Cube Developments launches $37m residential project at Birtinya

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A one bedroom unit at Ashfield has sold for $510,000 making it Sydney’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-unit-nsw-ashfield-126140078" target="_blank">4/134-136 Frederick Street</a>, the property was offered for the first time in 40 years.
It features a lounge and dining area that leads to the balcony as well as a kitchen and bathroom.
A one bedroom unit at Ashfield have a median price of $575,000.
Other feature includes a car space.
The property was offered through Elders Real Estate agent Simon Smajo Hadzic.
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One bedroom Ashfield unit sold for $510,000

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A one bedroom West Footscray apartment has sold for $208,000 making it Melbourne’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-west+footscray-126187274" target="_blank">20/697 Barkly Street</a>, the property is marketed for a first home buyer or investor.
It features a living area that leads a a kitchen/meals area.
The bedrooms has its own built-in robe.
Other feature includes a car space.
Public transport, Barkly Street Village and Central West Plaza are close to the property.
The property was offered through Century 21 agent Yogi Flis.
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One bedroom West Footscray apartment sold for $208,000

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An architect-designed Wollstonecraft house has sold for $5.68 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-wollstonecraft-126176798" target="_blank">24 Milray Avenue</a>, the 809 sqm property was designed by architect Robert Weir.
<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/2017/09/11/24%20Milray%20Avenue-2.jpg" alt="">
All the bedrooms have built-in robes while two open to a side deck while the master suite has its own fireplace and walk-in dressing room.
The property is within close proximity to Wollstonecraft Station, shops and cafes.
The property was offered through Simeon Manners Property agents Scott Thornton and Mark Manners.
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Architect-designed Wollstonecraft house sold for $5.68 million

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A Victorian-style Hawthorn house has sold for $4.005 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-126166610" target="_blank">14 Elgin Street</a>, the property was featured in Home Beautiful magazine in 2016.
Built in 1880 it last sold for $1.5 million in 2012.
It features a large study with in-built storage as well as two downstairs bedrooms.
The master bedroom has its own walk-in robe and ensuite.
An open plan living, dining and kitchen area is also included with the kitchen having Miele appliances, butler’s pantry and stone benchtops.
<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/2017/09/11/14%20Elgin%20Street-2.jpg" alt="">
Upper level features three bedrooms, all with built-in robes and ceiling fans, as well as a bathroom.
Outdoors is the north-west yard as well as in-built trampoline.
The property is within close proximity to public transport, cafes and parks.
The property was offered through Marshall White agents Chris Barret and Stuart Evans.
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Victorian-style Hawthorn house sold for $4.005 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>

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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."

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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.

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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."

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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.

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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."

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[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.

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