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There were more homes for auction in Melbourne and Sydney in the past six months than at any time over the past two years.
Over the first six months of the year, Sydney had 16,370 auction listings, a 29 percent increase on the 12,708 over the same period last year.
It was also a 5.7 percent gain on the 15,486 of the first six months of 2015, Domain Group figures show.
Melbourne showed a similar pattern, with 18,175 auction listings in the first half, a 13 percent gain on last year's 16,083 and 10.2 percent higher than the 16,486 in the first half of 2015.
The increase in auction listings from last year is partly due to the quiet start of 2016, when owners delayed putting their homes on the market after a surprisingly quiet final quarter of 2015, when prices fell fell in the two largest cities and the average auction clearance rate fell from 73.4 percent in the September quarter to 62.1 percent.
There was also a Federal election that interrupted the 2016 market.
"There's been a real rush into the marketplace this year for both Melbourne and Sydney," Domain chief economist Andrew Wilson told Domain.
"The market did rebound with lower interest rates last year and the end of last year was quite strong for markets.
"Perhaps there's also a sense of the market peaking."
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j.ballantyne1990-6AQqhLzZaK

More 2017 property auctions than in the past two years

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A architect-designed Gnarabup house has been listed for $1.495 million.
Located at <a href="https://www.realestate.com.au/property-house-wa-gnarabup-125086906" target="_blank">101 Baudin Drive</a>, the 1592 sqm WA property is situated on the coast of the famous Margaret River Wine Region.
Built in 2007 the block of land was last sold in 2005 for $565,000.
It was designed by Perth architect John Lewis who was commissioned by Scott and Jenny Colquhon to take advantage of the views of the ocean and adjoining national park.
Upstairs is the open plan living/kitchen/dining area allows residents to have views of the surrounding landscape or go to the north facing BBQ deck.
There is also a spacious kitchen which leads to an alfresco BBQ area.
Master bedroom is located upstairs and has views of the National Park and the ocean, it also has a double vanity and ensuite.
<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/2017/07/10/101%20Baudin%20Drive-2.jpg" alt="">
Downstairs are three bedrooms, two having built-in robes, and another large enough to be a second master bedroom.
There is also a heated pool area and workshop to the rear of the property.
The property is just three hours south of Perth and 14 minutes from Margaret River cafes.
The property is offered through JMW Real Estate agent David Cross.
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Architect-designed Gnarabup house listed for $1.495 million

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An architecturally-designed Burradoo house has been listed for between $2.35 million to $2.45 million.
Located at <a href="https://www.realestate.com.au/property-house-nsw-burradoo-125861574" target="_blank">55 Sunninghill Avenue</a>, the property is being marketed as representing the ideal Southern Highlands country property.
With a north-facing aspect the layout includes an open plan living/dining area with gas log fire.
There is a large loft that overlooks the gardens.
There is also a separate formal living area with woodfire and opens up to the covered alfresco area.
The kitchen has a German limestone benchtop, Miele downdraft rangehood, Blanco and Bosch appliances, 900mm double sink along with a large butler’s pantry with limestone bench and sink.
<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/2017/07/07/55%20Sunninghill%20Avenue-2.jpg" alt="">
There are four large double bedrooms with the master suite featuring its own custom made robes, ensuite and benchtop.
Other features includes a separate self-contained accommodation above the triple garage that has its own living area, double bedroom and bathroom.
The property is offered through DiJones agents Ben Olofsen and Scarlett LaPlanche on behalf of Elizabeth Ergaver of Ergaver Constructions.
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Architectually-designed Burradoo house listed for sale

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A three bedroom McMahons Point, NSW terrace has been sold for $4.05 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mcmahons+point-125673478" target="_blank">2/12 Commodore Street</a>, the property has views of the harbour.
Built in 2005 it was last sold in 2011 for $1.648 million.
With contemporary finishes it has a rear courtyard and a shared roof top terrace with views of the city and Berrys Bay.
<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/2017/07/09/2_12%20Commodore%20Street-2.jpg" alt="">
The kitchen has stainless steel appliances while the master suit has its own terrace and views.
Other features includes a double garage plus separate workshop/wine cellar.
The property was offered through Stone agents Annika Bongiorno and Aaron Bongiorno.
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McMahons Point terrace sold for $4.05 million

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Ray White chairman Brian White has reported record June sales. Australasia's biggest property group, Ray White recorded total sales of $4.3 billion in June 2017.  
"We just had our biggest June ever, it was 20 percent above June last year and its our third highest of any month on record."
June 2016 sales were noted as at $3.6 billion which given the Federal election was seven percent lower than June 2015.
"The property market has been remarkable across the world and Australia is no exception, but one of the things that can occur when there are expressions of concern or expressions of doubt is that people start thinking of getting back in," <a href="https://www.raywhite.com/blog/white-paper/white-paper-june-2017/" target="_blank">Mr White said</a>.
June's strong results suggested any talk of the property market easing appeared to be premature.
"For a month that can often disappoint, this June was a special one.
"Our June result was underpinned by particularly strong activity in New South Wales – which recorded $1.3 billion in sales revenue –  and Victoria which produced $606 million this month.  
"The Lower North Shore team headed up by Geoff Smith and Richard Harding wrote $120 million in their first month of trading at Ray White – which is certainly a debut to remember!" Mr White said.
The Queensland result of $776 million was well up on last year, evidencing of a firm trading market.
Ray White's May was the second strongest month ever for the Ray White Group.  
The group has actually now recorded four personal bests in the financial year with November, March, May and June sales.
The May sales revenue came in at $4.4 billion, compared to $3.74 billion in April.
The figure was the second highest ever month for the group, after March came in at $4.6 billion.
In the year to May, Ray White had finalised a total of $40.9 billion, which includes all residential and commercial sales in Australia and New Zealand, plus Indonesia and Rural.
 
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Ray White secures record June sales

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Non-bank lender Homeloans has introduced stricter measures using loan-to-income (LTI) ratios when determining credit decisions for interest-only home loan applications. 
Effective from last Saturday (8 July), interest-only applications are now either declined or referred depending on the income structure of clients with an LTI ratio of greater than eight.
LTI is calculated as the ratio of the total limit of the loan applied for against the client’s total gross annual income.
“Homeloans has access to multiple funding sources, and the use of the LTI in assisting with credit decisions is now a requirement of one of these funding sources.
"It should be noted that the use of an LTI will initially be limited to the assessment of loans where the borrower has elected for interest-only repayments, and will only apply to our Ultra Plus product range,” Homeloans said. 
Brokers can complete a manual calculation to determine what the LTI is for each client and are urged not to proceed with the application if the LTI is below the threshold of eight (unless the loan amount or gross annual income changes).
The Homeloans Ultra Plus Serviceability Calculator has been updated to reflect these new criteria. 
“We're committed to lending responsibly, and ensuring our customers can meet their home loan repayments today and into the future,” the lender wrote in a note to brokers.
“Regulatory bodies have raised concerns about Australia's household debt-to-income ratio, which has risen significantly over the past decade. 
“With this in mind, we're making changes to our home lending credit policy to better assess a customer's ability to service their home loan, and to assist Homeloans’ monitoring of risk settings.”
Australian Broker also advised Advantedge Financial Services will increase the interest rate on all new and existing variable rate interest only home loans by 0.35% p.a., effective Tuesday 8 August 2017. The interest rate on all new fixed rate interest only home loans will increase by 0.35% p.a. These changes apply to both owner occupier and residential investor home loans, across all of Advantedge’s white label partners.
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Homeloans tightens interest only home loan applications

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The former Sapphire Lounge venue in Sydney's Kings Cross, now known as The Carlisle Bar, is up for lease.
This 400sqm split-level <a href="https://www.propertyobserver.com.au/https://metrocommercial.com.au/property/rental/2185" target="_blank">venue</a> has three bars, VIP area, indoor showpiece tree, birdcages and white decor.
It features a 24 hour liquor license (currently trading until 3am), 300 patron capacity, a full commercial kitchen and designed to cater for large corporate functions, product launches and special events.
The property is up for lease through Metro Commercial agents Jerry Leis, Dillon Frain and Nik Simonovic.
It has been an on off operation over the past decade, among the premises caught amid the lockout laws.
According to a News Ltd report last October, several Kings Cross club owners were intent on joining forces to amalgamate and then sell the adjoining properties on the infamous strip to a developer.
<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/2017/07/12/2%20Keellett%20Place-2.jpg" alt="">
The Sunday Telegraph noted the consortium hoped the area will be rezoned to make way for two high-rise buildings modelled on Malaysia’s Petronas Towers with the development comprising 500 luxury apartments.
Sapphire Lounge owner Charlie Saleh told The Sunday Telegraph he began collecting signatures from the 65 property owners.
“It took a long time and a lot of money but we finally got the last landowner on board that we needed,” Mr Saleh said.
“This is a huge parcel of land that we think has great potential. You have the train station across the road, the CBD is 20 minutes away and you have views of everything from the Blue Mountains to Bondi and Manly.
“I think it’s the last great pocket of city land that hasn’t been redeveloped and if it’s done the right way I think it could transform Sydney.”
<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/2017/07/12/2%20Keellett%20Place-3.jpg" alt="">
He said the area will never again be what it once was, due to the lockout laws, driving the decision of landowners to sell.
The lockout laws, introduced in 2014, state venues in the CBD and nearby Kings Cross close by 3am with last entry at 1.30am.
The nearby former nightclub and music recording studio known as “Studio X”, the 1200 sq m floor span immediately under Kings Cross’ famous “Coca Cola” sign, is for sale.
Colliers International’s Miron Solomons is marketing the property with Gunning Commercial’s Daniel Gunning.
Solomons says the property has been priced to sell at $13 million to $14 million. It is in two strata lots so it can be sold in one line or two separate areas. 
The expressions of interest close Wednesday 26 July. The two empty lots have total outgoings for rates, strata, land tax and water of $116,476.
Solomons says the listing typifies the changing use of Kings Cross/Potts Point from the old bar and nightclub scene to a work and lifestyle environment. 
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Iconic Kings Cross venue up for lease

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A six bedroom Calamvale, Queensland house has been sold for $7 million making it Brisbane’s most expensive recent sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-calamvale-125720410" target="_blank">390-402 Benhiam Street</a>, the 20,400 sqm property has been marketed as having a big development potential.
Built in 2002 the property was last sold in 2009 for $1.59 million.
It sold in 2007 for $1,937,150.
Its peak price was $2.5 million in 2004.
Commercial offices, residential or shopping town could be possible with the site STCA.
The existing home is two storeys tall, 25 years old with a veranda that stretches across its front.
Featuring lounge room, dining area and five bathrooms, there are two kitchens.
<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/2017/07/09/390-402%20Benhiam%20Street-2.jpg" alt="">
The median price of a house in Calamvale is $647,000.
The property was offered through Ray White agents Eric Li and Martin Ma.
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Calamvale house sold for $7 million

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A five bedroom Breadalbane rural estate has been listed with $2.8 million plus hopes.
Located at <a href="https://www.realestate.com.au/property-house-tas-breadalbane-123384418" target="_blank">717 Hobart Road</a>, Old Marchington is one of Tasmania’s finest rural country estate.
Built in 1961 it sits on a 5.4 hectare overlooking lush fields and award-winning vineyards.
It was last sold in 1994 for $250,000 and again in 1986 for $197,000.
“There’s not a neighbour in sight,” says Robert Knott who, along with his wife Vicki, took a detour 23 years ago when they bought the property.
A large fountain forms the centre piece of a garden that surrounds the property.
<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/2017/07/10/717%20Hobart%20Road-2.jpg" alt="">
Originally part of the Marchington Estate it has a Baroque period design alongVersace inspired antiquities.
Inside are five bedrooms, two bathrooms, powder room, library/office and living spaces
The kitchen has black granite bench tops, splash backs and breakfast bar.
There is a separate wing with its own self-contained accommodation.
Other features includes multiple patios and decks, swimming pool, tennis court, garage and a large office/studio/workshop.
Launceston is 10 minutes away from the property.
The property is offered through Harcourts agent Jeremy Wilkinson.
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Breadalbane rural estate, Old Marchington, listed for $2.8 million plus

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Architectural firm BVN’s projects recently won two awards at an industry event in Melbourne.
The Australian Institute of Architects Victorian Chapter Architecture Awards gave the Alan and Beth Coldicutt Award for Sustainable Architecture to BVN’s South East Water Head Office, while Bunurong Memorial Park won for Public Architecture. The function was in Melbourne on June 30. 
On the South East Water Head Office, the jury said the building incorporates biophillic design “by connecting people and nature visually”, and also promotes physical activity via the “irresistible stair”.
It has also been certified as a 5 Star Green Star office.
The latest win gives BVN two nominated projects for the National Sustainable Architecture Award, the other is 480 Queen Street, Brisbane and both are commercial office buildings, it said in a media release.
About the Bunurong Memorial Park, the jury said it was a place for the public that “celebrates all aspects of life, from memorial services, to broader community and public events such as weddings, functions and family events.” 
The jury also commended the design of the memorial halls for their inclusiveness and “pared back contemporary buildings [that] can accommodate all faiths”.
BVN chief executive James Grose said “receiving the affirmation of peers in the architecture awards process instils a level of confidence in the profession, the public and importantly all levels of government.”
The architecture firm also transformed the Hilton Hotel complex at 255 Pitt Street for its office space at Sydney Open.
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BVN wins industry awards for sustainable design and public architecture

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.

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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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