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A three bedroom Clinton, Queensland house has been listed for mortgagee sale with a price guide of $255,000.
Located at <a href="https://www.realestate.com.au/property-house-qld-clinton-126305990" target="_blank">3 Ingemar Court</a>, the 683 sqm property is located in a quiet cul-de-sac.
It last sold for $357,000 in 2013.
It features a tiled lounge room, open plan tiled kitchen and dining room as well as a separate tiled rumpus room that leads to the outside.
The kitchen features two cupboards, stainless steel as well as electric oven, rangehood, ceramic cooktop and pantry.
There are three bedrooms, all carpeted and with built-in robes, while the main bedroom has its own walk-in robe and ensuite.
The property is offered through Ros Waters of RE/MAX Energy.
A nearby three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-clinton-124913574" target="_blank">27 Camille Street</a>, Clinton (below) was sold in July for $200,000.
<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/2017/09/04/27%20Camille%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Clinton, Queensland house listed for mortgagee sale

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There's been a slight improvement in the national auction clearance rate, according to CoreLogic’s latest report, which comes as spring auction volumes have also increased.
The combined capital city preliminary clearance rate increased to 70.2 per cent this week.
It was after last week’s revised final clearance rate fell to 66.4 per cent, which was the lowest combined capital city clearance rate so far this year, down -0.1 per cent from the previous low seen over the week ending 25 June 2017 (66.5 per cent), and also the lowest clearance rate since June 2016.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.14%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.14%20am.jpg" alt="">
"It will be interesting to see what the final clearance rate looks like on Thursday once the remaining records have been captured," CoreLogic auction analyst Kevin Brogan.
Auction volumes increased week-on-week with 2,225 properties taken to auction this week, up from 2,074 last week, and higher than this time last year (2,062).
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.32%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.32%20am.jpg" alt="">
Across Melbourne, preliminary results show that 73.2 per cent of the 938 reported auctions sold this week.
There were 1,097 properties taken to auction across the city, up from 976 last week when the final clearance rate was recorded at 71.3 per cent.
Over the same week last year, 974 auctions were held and a clearance rate of 78.3 per cent was recorded.
The Inner region of Melbourne had the highest number of auctions this week (214), with a preliminary clearance rate of 71.7 per cent.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.49%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.33.49%20am.jpg" alt="">
However, the strongest rate of clearance was recorded across the North West region, where 86.6 per cent of the 82 reported auctions were successful.
7 of the 9 sub-regions recorded clearance rates above 70.0 per cent.
Sydney was host to 810 auctions this week and a preliminary clearance rate of 72.3 per cent was recorded, rising from 65.5 per cent last week across 779 auctions, although this will fall over the week.
One year ago, 758 auctions were held across Sydney and 80.6 per cent were successful.
Looking at the sub-regions of Sydney, 4 of the 15 sub-regions recorded clearance rates above 75.0 per cent with the stand outs being the Northern Beaches (85.5 per cent), Ryde (81.2 per cent) and Baulkham Hills and Hawkesbury (80.0 per cent) regions.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.01%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.01%20am.jpg" alt="">
The lowest clearance rate was recorded across the Sutherland region where 57.1 per cent of the 42 reported auctions were successful.
The preliminary clearance rate in Brisbane this week was 43.9 per cent, down from 45.6 per cent last week.
Auction volumes were similar this week with 137 auctions held, compared to 138 last week.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.11%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.11%20am.jpg" alt="">
Meanwhile, across the Gold Coast, 29.4 per cent of the 34 reported auctions were successful.
In Adelaide, a 67.2 per cent preliminary result was recorded this week across 74 auctions.
Last week, 76 Adelaide auctions returned a clearance rate of 50.0 per cent for the city, while at the same time last year, 88 homes were taken to auction, with 68.0 per cent recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.23%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/10/Screen%20Shot%202017-09-10%20at%2011.34.23%20am.jpg" alt="">
Perth’s clearance rate of 36.8 per cent across 19 auction results is lower than last week, when 26 auctions were held and a clearance rate of 62.5 per cent was recorded.
Over the same week last year, the clearance rate was a lower 27.3 per cent, and 29 auctions were held.
Across Canberra, 72 homes were taken to auction this week.
Preliminary results show a clearance rate of 69.2 per cent, up from 66.1 per cent the previous week.
Tasmania was host to four auctions this week and so far three have been reported with just one successful sale.
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Spring auction volumes on the rise: CoreLogic 

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Home loan demand rose for the third consecutive month, according to new data.
The Australian Bureau of Statistics’ Housing Finance data showed 56,464 home loans were approved over the month of July, up 2.9% from the previous month.
“July was the third consecutive month of growth for home loan approvals,” Mortgage Choice chief executive officer John Flavell said.
“Historically low interest rates are helping to keep heat in the property market and borrowers are clearly keen to take advantage of this.”  
While the number of home loan approvals rose, the value of dwelling commitments fell 0.9% to $33.03 billion over the month of July.
“This can be attributed to the drop in the value of investment loans approved.
“During the month of July, $12.06 billion in investment loans were approved – down 3.9% from the previous month.
“I am not surprised to see a downwards shift in investment demand," he said.
Changes have made it hard for some investors to qualify for finance.
Looking ahead, Mr Flavell said he expected home loan demand to be strong.
“We are now in spring, which is generally the busiest period for the property market, so I would expect to see home loan demand remain robust."
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Home loan demand rises for third consecutive month

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<div class="cq-article-content-paras section">
Rino Grollo, the owner of Victoria's Mt Buller ski resort, has purchased his first two lots at rival, Mt Hotham.
Mr Grollo, who with his wife Diana co-owns development company Grollo Group, paid $360,000 for two contiguous lots covering 1100 square metres.
They were bought last week in an auction of 21 sites by UK theme park operator Merlin Entertainments.
The two lots come with the potential for up to eight apartments on each block.
Fairfax Media reported it was "a bit of an impulse thing."
The auction secured the sale 17 of the 21 sites, a mixture of freehold and leasehold through John Castran. Prices ranged from $170,000.
The lots are on a former state government site known as the Hotham Chalet, which was first owned by the then Victorian Government Railways.
</div>
<div class="cq-article-content-paras section">
Merlin, the world's second biggest entertainment group behind Disney, anticipated $3 million from selling the sites it acquired when it bought the site from James Packer's private company Arctic.
Arctic had bought it from NAB after the Gold Coast financier MFS went into liquidation in 2008.
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Grollo buys building sites on Mt Hotham

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Property NSW, on behalf of Family and Community Services, has sold the historic Workers Dwellings in Millers Point for $26 million.
Located between 30 Lower Fort Street and 4 Trinity Avenue, the three-storey block of 33 apartments was built by the Sydney Harbour Trust in 1910.
Following closure of a public tender process, the historic building was sold via negotiations managed by McGrath Estate Agents.
Buyers will have another opportunity to purchase a slice of history in Millers Point, with the following properties entering the market today:
· 30 Kent Street - two duplex apartments with courtyards
· 5 Windmill Street terrace
· 75 Windmill Street terrace
· 85 Lower Fort Street terrace
· 52 Gloucester Street terrace
· 63 Kent Street terrace
· 26 Argyle Street terrace
The properties will be auctioned by McGrath on 11 October 2017.
Proceeds from the Millers Point sales program have delivered over $448 million for investment in new social housing developments in NSW.
As at July 2017, a total of 625 dwellings have been completed and an additional 452 dwellings are currently under construction as a result of the Millers Point sale.
For more details please visit <a href="https://www.rediscovermillerspoint.com.au" target="_blank">www.rediscovermillerspoint.com.au</a>.
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Apartment block in Millers Point sells for $26 million

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With a rare off-note for Melbourne, the singer songwriter Tina Arena's Fitzroy property was passed in on a vendor bid of $1.75 million at weekend auction.
There is now a $1.795 million asking price for the Fitzroy terrace which Arena, one of Australia’s highest selling female artists, has restyled since paying $1.38 million in August 2015.
But Melbourne did record the nation's highest result when an Edwardian ere home in Middle Park house sold for $6.4 million, shortly after being passed in at $6.25 million through Marshall White Port Phillip.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-middle+park-126188014" target="_blank" rel="noopener noreferrer">136 Page Street</a>, there were three bidders for the five bedroom home that had last sold in 2015 for $5.5 million.
There's been a slight improvement in the national auction clearance rate, according to CoreLogic’s latest report, which comes as national spring auction volumes have increased on the second spring weekend.
The combined capital city preliminary clearance rate rose to 70.2 per cent for the week.
It was after last week’s revised final clearance rate fell to 66.4 per cent, which was the lowest combined capital city clearance rate so far this year, and the lowest since June 2016.
The clearance rate was lower than this time last year in all capitals, except Perth.
Auction volumes increased week-on-week with 2,225 properties taken to auction, up from 2,074 last week, and higher than this time last year (2,062).
Melbourne had the most auction stock and the highest success rate.
Its preliminary results had 73.2 per cent of the 938 reported auctions sold this week.
There were 1,097 properties taken to auction, up from 976 last week when the final clearance rate was recorded at 71.3 per cent.
Over the same week last year, 974 auctions were held and the clearance rate was 78.3 per cent.
Melbourne's strongest clearance was across the North West region at 86.6 per cent.
Some seven of the nine sub-regions of Melbourne recorded clearance rates above 70 per cent.
The cheapest sale was when a one bedroom West Footscray apartment sold for $208,000.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-west+footscray-126187274" target="_blank" rel="noopener noreferrer">20/697 Barkly Street</a>, the 33 sqm unit was marketed by Century 21 agent Yogi Flis with $195,000 to $214,000 hopes.
It has last sold at $45,500 in April 1989 and $17,950 in March 1976.
Sydney was host to 810 auctions this week with a preliminary clearance rate of 72.3 per cent, rising from 65.5 per cent last week across 779 auctions, although CoreLogic auction analyst Kevin Brogan advised this will fall over the week as late results come in.
One year ago, 758 auctions were held across Sydney and 80.6 per cent were successful.
The lowest clearance rate was across the Sutherland region where 57.1 per cent of the 42 reported auctions were successful.
Sydney prices peaked in Pymble where a six bedroom house sold for $5.7 million. It was among the increasing numbers of pre-auction sales.
Domain noted sold priors sat at 145 up from 109 in the previous weekend, given the increased paucity of active auction. buyers, with vendors taking what was on the table.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-pymble-126159310" target="_blank" rel="noopener noreferrer">33 Pymble Avenue</a>, the 2100 sqm property had been marketed as the "pinnacle of prestige in Pymble."
Domain chief economist Andrew Wilson said the spring selling season was shaping up to be one of the slowest in five years.
"It is becoming a much more level playing field between buyers and sellers," Dr Wilson said.
The preliminary clearance rate in Brisbane this week was 43.9 per cent, down from 45.6 per cent last week.
Auction volumes were similar this week with 137 auctions held, compared to 138 last week.
A two bedroom Macleay Island house sold for $138,000 making it regional Brisbane's cheapest sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-macleay+island-126089966" target="_blank" rel="noopener noreferrer">29 Nugent Street</a>, the 665 sqm property was marketed as an excellent investment return proposition having been offered recently as a $250 a week rental.
Built in 2006, it was offered last October at $245,000, with reduced $180,000 hopes in June this year. 
Situated in a quiet part of the island it was marketed as fully Crimsafe screened.
Brisbane's top sale was a Hamilton house sold for $2.58 million.
Located at <a href="https://www.realestate.com.au/property-house-qld-hamilton-126168626" target="_blank" rel="noopener noreferrer">11 Czar Street</a>, the four bedroom 1930s property was redesigned by architect Derek Trebilcock and interior designer Mary Durack.
Last sold for $1.14 million in 2009, the property was offered through Ray White agent Matt Lancashire.
In Adelaide, a 67.2 per cent preliminary result was recorded this week across 74 auctions.
Last week, 76 Adelaide auctions returned a clearance rate of 50 per cent for the city, while at the same time last year, 88 homes were taken to auction, with 68 per cent recording a successful result.
A three bedroom Vista house, 13 kms from the CBD, sold for $315,000 making it Adelaide’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-sa-vista-126109418" target="_blank" rel="noopener noreferrer">1407 Grand Junction Road</a>, the property is ripe for renovation.
Built in 1972 it last sold in 2011 for $330,000.
A classic 1925 Myrtle Bank house that sold for $1.27 million was Adelaide’s most expensive sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-sa-myrtle+bank-126227630" target="_blank" rel="noopener noreferrer">31 Ferguson Avenue</a>, the renovated four bedroom bungalow on 1010 sqm last sold for $317,000 in 2000.
Perth’s clearance rate of 36.8 per cent across 19 auction results compared to the 27.3 per cent last year.
Across Canberra, 72 homes were taken to auction on the weekend.
Preliminary results show a clearance rate of 69.2 per cent, up from 66.1 per cent the previous week.
A mountain-view five bedroom Deakin house sold for $1.675 million making it Canberra’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-act-deakin-126193006" target="_blank" rel="noopener noreferrer">36 Norman Place</a>, the two storey brick house on 679 sqm also has glimpses of the lake.
Situated in a cul-de-sac, it last sold for $363,000 in 1998.
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Melbourne remains the auction powerhouse in early 2017 spring auctions

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Trading in McGrath shares were without fanfare this morning despite speculation there could be some serious activity today.
There were just four small trades in the first two hours.
Any block trade was likely to come after the trading closed, after market today, rather than as massive special.
Despite the perceived overhang, the share price has gone up a touch in recent days. 
TRADING SUMMARY
<a href="https://www.propertyobserver.com.au/images/2017/09/08/Screen%20Shot%202017-09-08%20at%2012.07.11%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/09/08/Screen%20Shot%202017-09-08%20at%2012.07.11%20PM.png" alt="">
A block trade, which is being handled by stockbroker Wilsons, was to become available for purchase after some 46.3 per cent of shares in the company was due to come out of escrow.
The Drummoyne-based activist investor Matthew Donnellan was reputedly lining up to acquire a designated 15 percent stake.
The shares are being mostly offered to the market by former McGrath agents and senior executives.
The 14.66 percent stake would make the second biggest shareholding behind founder John McGrath.
The 14.66 per cent combined stake in McGrath was created by the shares of former McGrath director of sales Matt Lahood, Geoff Lucas the former McGrath chief operating officer who has since moved to artisan bakery group Sonoma, and former agents Ben Collier, Stephen Chen, the Leichhardt agent Shad Hassen and Brad Gillespie, along with a remaining McGrath agent Bethwyn Richards.
The rival real estate agents - now at The Agency - hope selling the shares as a block could achieve a premium price.
McGrath CEO Cameron Judson previously advised McGrath remained a "a long-term holder of stock" but didn't advise further on any future purchasing or privatisation plans.
More than half of the shares set to come out of escrow are owned by founder John McGrath.
Later this month another 7 per cent of shares owned by Shane Smollen and other Smollen associates come out of escrow .
Last month, The Australian Financial Review's Street Talk column reported that Anchorage Capital, Adamantem Capital, Advent Partners and Crescent Capital Partners were among firms taking a close look at the country's third-biggest real estate sales group.
The shares floated at $2.10 in the initial public offering in late 2015. 
McGrath shares closed at 76 cents on Thursday and we at 78 cents today.
Perpetual and Argo rank as third and fourth largest shareholders.
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All quiet on the McGrath share trading front

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<div class="cq-article-content-paras section">
The West Australian government is predicting the state's five-year residential property downturn is set to end.
Forecasts in the McGowan government's maiden budget suggest a modest rebound in Perth's median house price in 2018.
The government budget papers tip the median house price to improve 0.7 per cent next year then 1.5 per cent in 2019-20 and 2.7 per cent in 2020-21.
This follows a 1.3 per cent fall during this financial year. 
House prices also fell 2.8 per cent in 2016 and 1.2 per cent in 2015. 
The government blamed the downturn on a housing oversupply between 2013 and 2016.
The government will impose a 4 per cent tax on property purchases by offshore buyers from January 1 2019, which will generate $49 million over the forward estimates. 
Lino Iacomella, Property Council WA Executive Director said the McGowan State government has delivered a fair budget for tough times.
“The decision not to increase key WA property taxes in the 2017/18 budget is welcome and it recognises that the property sector has carried its fair share of the burden in earlier budgets," he said.
“Not increasing key property taxes like land tax and stamp duty will give added confidence to the recovery in WA’s property market.
“The focus on METRONET and infrastructure in the WA Budget is welcome news for the property and construction industry."
</div>
<div class="cq-article-content-paras section">
 
</div>
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WA budget tips modest price recovery for Perth

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A three bedroom Holloways Beach, Queensland house has been listed for mortgagee sale.
It is listed for September 26 ReMax auction.
Located at <a href="https://www.realestate.com.au/property-house-qld-holloways+beach-126296438" target="_blank">38 Oak Street</a>, the 658 sqm property is marketed as having endless possibilities
Built in 1970 it last sold for $262,500 in 2006.
It features three bedrooms and a functional kitchen as well as an undercover timber deck.
It is within close proximity to the Cairns CBD and is a short drive to the Smithfield Shopping District.
The median house price at Holloways Beach is $385,000, with $377,000 for three bedroom offerings.
Another three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-holloways+beach-125510746" target="_blank">83 Baronia Crescent</a>, Holloways Beach (below) was sold in June for $365,000.
<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/2017/09/04/83%20Baronia%20Crescent.jpg" alt="">
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Three bedroom Holloways Beach, Queensland house listed for mortgagee sale

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<div class="cq-article-content-paras section">
The ASX-listed developer Desane Group is fighting the compulsory acquisition of its residential site in the Sydney inner west suburb of Rozelle.
The government, through the Roads and Maritime Services, offered to pay Desane $18.4 million for its 5274sq m site at at <a href="https://desane.com.au/for-lease/68-72-lilyfield-road-rozelle/" target="_blank">68‐72 Lilyfield Road</a>, for a WestConnex staff car park.
When asked how he would describe the State Government’s dealings with Desane chairman,  Professor Sheehan said: “In terms of RMS, who we’ve been dealing with, I can only say that they have been mean and tricky."
The Daily Telegraph reported Desane has started proceedings in the NSW Supreme Court seeking that the State of NSW, RMS and the Sydney Motorway Corporation be “restrained from acting upon or taking any step, in reliance upon a Proposed Acquisition Notice (PAN)” issued by RMS.
The site could yield a 200-apartment complex worth more than $100 million.
The raw site was listed on Desane's books as having a market value of $17.5 million.
</div>
<div class="cq-article-content-media section">The WestConnex M4-M5 Link "Environmental Impact Statement" advised the site would be acquired for "Light Vehicle Parking" for construction staff working on stage three of the project.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">"We humbly assert that the total acquisition of our property for multiples of millions of dollars is an incredibly wasteful way to achieve this purpose, and comes at a significant opportunity cost to our company, its shareholders and the NSW taxpayer," Desane chairman Professor John Sheehan said in a letter to the NSW Premier Gladys Berejiklian.</div>
<div class="cq-article-content-paras section">
"There is a view that the government has performed poorly in the area of compulsory acquisitions."
<div class="cq-article-content-paras section">
"Our property therefore presents your government with an opportunity to "get it right", curtail runaway project costs and end any potential delay associated with private properties in this corridor."
Professor Sheehan said he did not want to commence "costly litigation" against the NSW government and suggested alternatives to acquisition including a lease or licence over the site over a specific period.
</div>
<div class="cq-article-content-media section">Desane developed the site into a tech multimedia centre 20 years ago and in 2015, lodged a planning proposal to convert it into a mixed use residential property.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">The RMS has faced opposition to its valuations.</div>
</div>
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Desane seek to stop WestConnex compulsory acquisition

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."

[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."

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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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[smartcode_project_cta:default project_id=145590]

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