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Former Australian cricketer Ryan Harris and wife Cherie have sold their Balmoral home for $1.45 million.
Harris, currently a consultant coach at Cricket Australia, renovated the <a href="https://www.realestate.com.au/sold/property-house-qld-balmoral-124529834" target="_blank">five bedroom home</a> somewhat from its $1,245,000 purchase in 2010.
He built an entertaining area and deck with an outdoor kitchen.
The home took over 110 days to sell through Ray White East Brisbane agent Tony O'Doherty.
Harris retains a three bedroom home in Morningside just outside of Brisbane that was rented at $550 a week late last year.
He made 27 Test appearances for Australia.
This article was first published in The Weekend Australian property section.
 
 
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j.ballantyne1990-6AQqhLzZaK

Former cricketer Ryan Harris sells in Balmoral

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This week, Randwick in Sydney is the busiest individual suburb for auctions, with CoreLogic tracking 17 auctions so far this week.
Following Randwick is Blacktown, also in Sydney, and Reservoir in Melbourne, each with 13 scheduled auctions.
This week, the number of auctions scheduled to take place across the combined capital cities will fall, with 1,820 auctions currently being tracked by CoreLogic, down from 2,355 last week.
Although volumes are down this week, current levels are significantly higher than the same week last year, when auction volumes were quieter due to the Federal Election when just 841 homes were taken to auction.
Across the two largest auction markets, Sydney and Melbourne, volumes are similar this week with both cities expecting just over 780 auctions each.
Melbourne has seen the largest fall in auction volumes week-on-week with current volumes -25 per cent lower than the previous week, while Sydney volumes are down around -17 per cent compared to last week.
Across the smaller markets, volumes will fall in all regions except Tasmania where volumes will remain unchanged.
Brisbane is set to host the most auctions this week with 105 auctions currently scheduled, followed by Adelaide with 72 auctions.
Both Canberra and Perth will host around 34 auctions each this week, half the number held over the previous week in Canberra.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-randwick-125636254" target="_blank">22 Cook Street</a>, Randwick (above) will be auctioned on July 1st for between $1.65 million to $1.75 million.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-125671258" target="_blank">11/56 High Street</a>, Randwick (below) will be auctioned on July 1st.
<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/2017/06/30/11_56%20High%20Street.jpg" alt="">
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July auctions kick off with Randwick and Reservoir as busiest weekend auction suburbs: CoreLogic

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A four bedroom parkside home in Sydney's inner suburb of Newtown is on the market, complete with commissioned art piece by Steven Nuttall, aka the graffiti artist Ox King, adorning the back fence.
The property, <a href="https://www.realestate.com.au/property-house-nsw-newtown-125704982" target="_blank">186 Australia Street Newtown,</a> is ideal for those wanting to live the Newtown dream and have direct access to Camperdown Rest Park and be just a few blocks to King Street.
According to the listing the property has a private, north-facing garden complete with gas-heated plunge pool fitted with swim jets and a deck with built-in seating and barbecue.
"This freestanding residence achieves the balance perfectly with a clever architectural design that flows evenly through light filled interiors to a landscaped garden haven at the rear," it said.
<img class="attachment-full size-full" src="https://static.domain.com.au/domainblog/uploads/2017/06/29204500/2_gwux40.jpg" alt="Steven Nuttall, aka the graffiti artist Ox King, is behind this work at 186 Australia Street." width="1500" height="844">Steven Nuttall, aka the graffiti artist Ox King, is behind this work at 186 Australia Street
"There are three bedrooms at the front of the house, two with built-in wardrobes. The current owners are using one of these rooms as an office-library.
"A cosy, skylit lounge room comes with a Real Flame fireplace, with a narrow single-stringer staircase leading up to the fourth bedroom in the attic.
"Flooded with natural light via two sky windows, this bedroom has a big, walk-in storage cupboard.
"The kitchen boasts a Calacatta marble-wrapped island bench with breakfast-bar seating, integrated stainless steel appliances and a gas cooktop, and it opens via a wall of bifold glass doors to the garden.
"There’s an adjoining family-dining room, a skylit bathroom with spa bath, and a second toilet with integrated laundry facilities.
"Wide ironbark floorboards have been used throughout the home, alongside Italian tiles and light fittings, impressive box windows in the front rooms and ducted airconditioning.
"Opposite the popular Australia Street Infants School, the property is also in the catchment for Newtown High School of the Performing Arts and is within easy walking distance of shops, cafes, cinemas, pubs and city transport."
The property is on the market through Charles Bailey and Diana Prineas of Urbane Property Newtown.
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Four bedroom parkside Australia Street Newtown home listed

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A former Ray White franchisee is alleged to have breached the Estate Agents Act 1980 while operating as Ray White Werribee.
The Sarain Pty Ltd is the 10th agency alleged to have been underquoting since the Taskforce Vesta crackdown by Consumer Affairs Victoria (CAV).
The CAV has applied to the Victorian Civil and Administrative Tribunal to hold an inquiry in relation to The Sarain Pty Ltd (ACN: 143 731 006) and its director, Surinder Sarain, 42, of Ormond.
It alleges that the company and Sarain contravened the Estate Agents Act 1980 when the company was trading as Ray White Werribee.
Ray White advised Sarain had operated at the brand’s Werribee office for about two-and-a-half years from July 2013 to March 2016.
The grounds of inquiry include that the company and Sarain:
<ul>
<li>advertised 14 properties for sale in the western suburbs at a price that was less than the:
<ul>
<li>vendor's reserve price as stated on the sale authority, or</li>
<li>estimated selling price, or</li>
<li>lower limit of the estimated selling range as stated on the sale authority.</li>
</ul>
</li>
<li>failed to notify the Business Licensing Authority within seven days of employing agents' representatives, and</li>
<li>failed to meet certain trust account record requirements.</li>
</ul>
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Former Ray White Werribee agent alleged to have been underquoting

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The low-cost estate agents Purplebricks has reported its first full-year profits in the UK, with its expansion into Australia keeping the group in the red.
Full-year annual results show Purplebricks accelerated its revenue from property sales for the year to April 2017 - up 151% to £46.7 million ($78 million) of which £3.5 million ($5.9 million) came from its Australian business.
Purplebricks launched in Australia in September last year and to date it has sold about 800 homes and secured 1600 listings.
It listed in the UK in December 2015 worth £250 million ($423 million) and is now valued at more than £1 billion ($1.69 billion), the Australian Financial Review noted.
Full-year annual results show Purplebricks's Australian business generated a £6.1 million ($10 million) loss with revenues exceeded by a big marketing spend (£3.8 million or $6.42 million) and administration costs (£3.9 million or $6.6 million).
Co-founder Michael Bruce expressed satisfaction with the Australian business performance to date.
"With the UK business now in profit it is encouraging to see Australia following a similar growth trajectory," Bruce said.
Purplebricks forecast full-year revenues to reach £80 million ($135 million) in the UK over the next 12 months and to grow to £12 million ($20 million) in Australia. The company recently announced plans to expand into the US.
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Purplebricks reports $10 million losses in Australia

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The house at 3 Dagonet Stret, Strathmore is up for grabs. But only the iconic house, not the land.
The longtime owner of the house from The Castle says she’ll take what she can at <a href="https://bradteal.com.au/property/1897/" target="_blank">July 25 auction</a> for the humble Strathmore weatherboard that sits adjacent to the airport.
It is famous for its role as Darryl Kerrigan’s “castle” in the 1997 film.
Rebecca Towns from the listing agency Brad Teal is expecting it to fetch anywhere between $1000 and $10,000 as the buyer will then need to spend another $45,000 to $50,000.
Brad Teal is marketing the house as “the ultimate piece of movie memorabilia” and a “once in a lifetime opportunity to purchase a piece of Australian history”.
“It’s sure to excite movie enthusiasts, entrepreneurs and great Aussie battlers,” the listing said.
<div class="wp-caption"><img class="size-full wp-image-186528" src="https://www.realestate.com.au/blog/wp-content/uploads/2017/06/29120653/capi_4c0c5bb1ef566088c0d1e66472ce6b9c_6695ec45674d6cbbcefd1215e54c3fb4.jpeg" alt="3 Dagonet Street Strathmore, for Herald Sun reales" data-capiid="6695ec45674d6cbbcefd1215e54c3fb4"></div>
Seller Vicky Cosentino told The Herald Sun she couldn’t wait for someone to take the house off her hands after 24 years of ownership which included the two-week shoot of The Castle, which she advised she never gave permission for.
Cosentino has wants to build two townhouses after the Moonee Valley council voted not to pursue permanent heritage protection for the home.
It drew interest from Federation Council and Corowa Whisky, who considered moving it north of the river as a tourist attraction. But that never eventuated.
“To tell you the truth, yes (I’m over it),” Cosentino said.
“Even if I get $2000 or $3000 for it, as long as it’s moved off my property. It’s nothing to do with the money.
“I would like to see someone look after it, but I really don’t mind where it goes, whether it’s to Mildura or Bonnie Doon.”
Towns expected the house to suit first-home buyers who already had some land, or an investor looking to use it as an Airbnb.
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The Kerrigan's Castle home offered with Airbnb potential

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A Yarrawonga real estate agency and its director have been fined $15,000 plus costs after pleading guilty to causing trust account deficiencies and misappropriating funds.
A Consumer Affairs Victoria (CAV) investigation revealed Aldergate Nominees Pty Ltd — trading as Stockdale &amp; Leggo, Yarrawonga — and its sole director, Tracey Anne Smith, 43, of Yarrawonga, misappropriated more than $18,500, relating to 21 transactions, between October 2015 and August 2016.
Smith and Aldergate Nominees’ licences were cancelled as a result of the guilty finding.
Aldergate Nominees Pty Ltd breached the Estate Agents Act 1980 by removing funds from the company's rental trust account and sales trust account, fraudulently converting them for their own use.
The matters came to the VAV attention after its received bank notification that the rental trust account was overdrawn.
CAV staff then conducted an inspection of the agency and reviewed its files.
Smith must also pay costs of more than $1,600 after the matter was finalised at the Wangaratta Magistrates' Court.
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Yarrawonga real estate agent's licence cancelled

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A unique 1866 Oakbank house in Adelaide has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-sa-oakbank-125453162">26 Pike Street</a>, Dalintober sits on eight acres adjacent to the Oakbank Golf course.
Andrew Galbarth Johnston, who established a brewery in Oakbank, built it in 1866.
It has been renovated, restored and extended over the last 15 years by its current owners with the help of Adelaide architect Pauline Hurren.
Featuring multiple living spaces and accommodations, there are five bedrooms including the master suite.
<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/2017/06/26/26%20Pike%20Street-2.jpg" alt="">
It features two storybook balconies, has its own dual walk-in robes and dressing rooms as well as marble ensuite.
There are also four bathrooms and multiple formal and informal living spaces.
Other features a garage that can accommodate eight vehicles with potential to add more, a self-contained Coach gym and Jacuzzi.
The property is offered through Harcourts Williams agent Dee-Anne Hunt.
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1866 Oakbank house Dalintober listed for sale

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The ABS has for the first time released new information showing changes in land values, use and cover for the state of Queensland.
It showed that total land in Queensland covered approximately 173.0 million hectares.
IT had a total unimproved land value of $721.5 billion as at 30 June 2016, up 16% from $621.4 billion as at 30 June 2011, according to the latest data from the Australian Bureau of Statistics (ABS).
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.39%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.39%20pm.jpg" alt="">
"The increase in total unimproved land value was largely driven by a 25% increase in the value of Residential land from $415.0 billion in 2011 to $518.7 billion in 2016," said Mike Booth, Director of Environmental Accounts Development at the ABS.
"Similarly Residential land area also increased 18% between 2011 and 2016. This increase in land area was largely at the expense of primary production land use types, including a net increase of 22,087 hectares to Residential land from Livestock Grazing land."
The area of Waterbodies and Wetlands land cover showed an overall decrease of 191,231 hectares (or 18%) and 512,344 hectares (or 48%) between the two intervals 2010-2011 and 2014-2015 respectively.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.48%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.48%20pm.jpg" alt="">
"These decreases in Waterbodies and Wetlands land cover are likely related to an overall decrease in total rainfall across these same accounting periods, as reported by the Bureau of Meteorology," said Mr Booth.
Summary data on land use, land cover and land parcels has been produced for Statistical Area Level 2 (SA2s) within Queensland for this publication.
"This data provides users an opportunity to explore stocks and changes in land for small geographical regions," explained Mr Booth.
The publication also presents a Feature Article which accounts for land changes within the Great Barrier Reef (GBR) region.
This information will provide a foundation for the ABS Experimental Environmental-Economic Accounts for the Great Barrier Reef due for release in August 2017.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.57%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%2012.09.57%20pm.jpg" alt="">
QUEENSLAND'S LAND AT A GLANCE
<ul>
<li>The State of Queensland covers approximately 173 million hectares.</li>
<li>Total unimproved land value in Queensland increased by around $100 billion from $621.4 billion to $721.5 billion between 2011 and 2016.</li>
<li>'Residential' was the highest valued land use in Queensland with an unimproved land value of $415.0 billion and $518.7 billion in 2011 and 2016.</li>
<li>'Livestock Grazing' was the most dominant land use type by area in Queensland with 144.2 million and 143.8 million hectares in 2011 and 2016.</li>
<li>'Grasslands' was the most dominant broad land cover type by area in Queensland with 84.6 million and 82.3 million hectares in 2010-2011 and 2014-2015.</li>
<li>'Woodland' was the most dominant detailed land cover type by area in Queensland in 2010-2011 with 35.6 million hectares, while 'Spare Vegetation' was the most dominant in 2014-2015 with 53.3 million hectares.</li>
</ul>
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Forestry lands in decline in residential-focused Queensland

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The Gold Coast housing market is the juggernaut of the southeast, reaching a new high median house price of $615,000 for the March quarter, according to REIQ's latest Queensland Market Monitor quarterly report.
The unit market, on the other hand, slipped 1.2 percent to a March quarter median of $410,000 compared to $415,000 for December 2016.
Looking at annual data, (which is less volatile than quarterly data) the Gold Coast has been one of the state’s best performers for the house and unit markets, reaching an annual growth of 6.4 percent for houses and 5.2 percent for units to March 2017.
The Commonwealth Games $160 million Roads package fully funded by the State Government has been one of the key drivers of economic development in the region.
This investment is still in progress and will deliver a significant road upgrade to Southport – Burleigh Roads, Labrador – Carrara Roads, Olsen Avenue and Nerang – Broadbeach Road.
In addition to the numerous Commonwealth Games projects, the $70 million Gold Coast cruise ship terminal proposal is getting closer to become a reality.
Environmental approval from the Federal Government, potentially the biggest hurdle for the project, was granted in mid-May 2017.
The economic fundamentals supporting the property market in the region are solid and driven by a large infrastructure investment program.
Local agents are very positive about the future of the residential property market.
However, in the post-Games period, the Gold Coast economy may require concerted efforts from all levels of government to ensure a jobs program is in place to shore up employment in the region.
The housing market performed strongly over the March quarter, with the quarterly price growing 4.2 percent to a new high of $615,000.
The annual median house price increased 6.4 percent to $585,000 for the 12 months to March.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.27%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.27%20pm.jpg" alt="">
This increase positioned the region as the second-best annual performer for the house market to March 2017 (following Noosa).
Over the medium term (five years), the Gold Coast median house price grew 26.5 percent, which equates to 4.8 percent per annum (from a median price of $462,500 in March 2012).
This makes the Gold Coast the strongest performing house market in the state over five years.
The Gold Coast has five suburbs with an annual median house price above $1 million, compared to only three suburbs for the March quarter 2016.
Paradise Point has entered the million-dollar club in this March quarter with an annual median sale price of $1.09 million.
Affordable houses in the region are still available primarily in the suburbs of Lower Beechmont, Jacobs Well, Neerang, Ormeau and Upper Coomera; which reported annual median sale price in the range of $385,000 to $468,000.
The volume of activity reduced 5.6 percent from 1892 in September 2016 to 1786 in December 2016.
Preliminary data for March indicates a reduction of about 23.1 percent to 1373 sales.
This data will have to be reassessed in the June 2017 Queensland Market Monitor to confirm whether the number of sales in the region is experiencing a downward trend or just quarterly volatility.
The most active price point for the house market has been the $500,000 to $750,000.
For the 12 months to February 2017, the median days on market and median vendor discounting reported minor changes.
A house in the Gold Coast takes approximately 35 days to sell and requires a discount of about 4.2 percent.
Housing supply increased 16.3 per cent to 11,514 listings for the 12 months to February, triggering an increase in the stock on market from 7.6 percent in February 2016 to 8.8 percent in February 2017.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-robina-125589182" target="_blank">74 Easthill Drive</a>, Robina (above) has been listed for $629,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-pacific+pines-125118482" target="_blank">36 Pago Terrace</a>, Pacific Pines (below) has been listed for over $600,000.
<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/2017/06/16/36%20Pago%20Terrace.jpg" alt="">
The land was last sold in 2001 for $68,000 with the property built the following year.
The Gold Coast unit market slipped 1.2 percent to a March quarter median of $410,000, but it was still the busiest apartment market in Queensland, with preliminary sales of 1859 compared to Brisbane LGA of 1578 for the March quarter.
The annual median unit price increased 5.2 percent to $405,000 for March.
Similar to the house market, the Gold Coast is one of the best annual performer for the 12 months to March 2017.
Over a five-year period, the unit market increased by 12.5 percent, from an annual median sale price of $360,000 in March 2012 to $405,000 in March 2017, which is equivalent to moderate annual growth of 2.4 percent.
Based on annualised data to February 2017, units sell in about 50 days with a discount of 4.4 percent.
The annual number of listings to February 2017 increased 27.2 percent to 14,112.
This triggered a lift on the stock on market from 9.3 percent in February 2016 to 11.8 percent in February 2017.
The Gold Coast’s rental market has operated within the tight to healthy range for the past 19 quarters.
Vacancy rates returned to the tight range, reaching 1.7 percent over the March quarter.
Local real estate agents operating in the region indicated that generally properties remained vacant between 1 to 2 weeks and the market has performed well and reasonably steady over the past two to three years.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.34%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.34%20pm.jpg" alt="">
The Gold Coast’s rental market is the most expensive in Queensland with the median rent for a three-bedroom house at $470 per week, which is $30 a week more expensive than the same house in Brisbane LGA.
The median rent for a two-bedroom unit, at $420 per week, increased by $20 or about 5 percent over the March quarter.
This increase has positioned the Gold Coast two- bedroom unit rental market as one of the most expensive in Queensland, along with Brisbane LGA.
The weekly median rent of three-bedroom townhouses held steady at $420 for March.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.42%20pm.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/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.42%20pm.jpg" alt="">
The indicative gross rental yields for houses weakened by 0.2 percentage points to 4 percent for March due to the upward trend of the median sale price.
In contrast, the gross rental yields for units increased 0.2 percentage points to 5.3 percent due to the reduction on the quarterly median unit price.
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Gold Coast hits $615,000 median house price

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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