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A Camillo, WA mortagee home listed for $245,000 is now under offer according to realestate.com.au.
If it were to sell for the sought price it would represent a 20% increase in value on its 2008 sale price of $200,000.
Shane Denniston of The Professionals is marketing the property at <a href="https://www.realestate.com.au/property-house-wa-camillo-132875758" target="_blank">39A Westfield Road</a>.<a class="agent-info__name sc-kpOJdX khYtfc" href="https://www.realestate.com.au/agent/shane-denniston-236716?cid=agent-profile-page%7Cbuy:pdp:contact-side-panel"> </a>
The five bedroom, two bathroom house is set on a 773 sqm block.
The abode was built in 1986 and is according to the listing, "a handy man's dream, with work to be completed throughout the home."
It holds an outlook over Westfield/Heron reserve and is close to both the train station, and Kelmscott shopping centre.
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The median price for a house in Camillo is $215,000 according to CoreLogic data.
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j.ballantyne1990-6AQqhLzZaK

Camillo, WA mortgagee home listed for minor profit under offer

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EXPERT OBSERVER
More carnage overnight with US stocks down another -10 per cent again in early trade to smash into the circuit breakers, with the Dow Jones shedding -36 per cent in less than a month, before a late rally.
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The oil price (WTI) was down at nearly $20 at one stage, before a bouncing to $22, nestling in at the lowest level since the early 2000s...so there are some value plays emerging there.
But overall, cash is king at the moment while stock market valuations continue to mean revert.
This risks sounding like a broken record, but it bears repeating that overall US stocks are still far too expensive given the outlook, and could yet fall another -30 per cent even from here (if things got really bad they could go much lower).
 
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 <div>Source: Shiller PE</div>
 Don't forget that previously healthy earnings are about to be decimated, with JPM forecasting US GDP to shrink by 4 per cent in Q1 and 14 per cent in Q2. I can't watch another fund manager video demanding that you stay fully invested with them. It's time to step away from the noise and remember the <a href="https://lowrateshighreturns.com/2020/03/16/applying-the-8-timeless-principles-in-a-bear-market/" target="_blank">8 timeless principles</a>! The <a href="https://lowrateshighreturns.com/2020/01/04/maximising-your-long-term-wealth-with-the-kelly-criterion/" target="_blank">Kelly criterion</a> demands that you keep cash aside and live to fight another day - especially when markets are as overvalued as they have been - as better opportunities will always come around in the future. Remember Rule #1: don't lose money. The Aussie market stock index may catch a bid after a European stimulus announcement this morning. This is Lagarde's own 'whatever it takes' moment, but the ECB promising no limits to its commitment to the Euro, and another massive asset purchase programme. Still on the balance of probabilities the Aussie index increasingly looks likely to hit late 2009 levels this week in the 4,800s range this month. This is a swift and brutal lesson in the importance of <a href="https://lowrateshighreturns.com/2019/12/29/the-magic-of-rebalancing/" target="_blank">rebalancing</a> and keeping cash aside for future opportunities arising, with a decade of price gains erased in about 20 trades. Buy and hold at all times has been mistaken at times as a panacea or even a religion, but it's not; you need and do whatever it takes to keep yourself around to capitalise on the opportunities. 'Whatever it takes' moment
 
A historic An historic A momentous day ahead for Australian financial markets.
The Reserve Bank is set to make a landmark announcement at 2.30pm Sydney time, with Governor Lowe lined up to speak thereafter at 4pm.
Lowe will likely discuss an emergency cut in the official cash rate to 0.25 per cent, central bank purchases of government bonds, the ongoing conducting of repo operations, and other measures to ensure that credit continues to flow to households and businesses. 
Global cases of the coronavirus continue to increase at this stage, suggesting that a serious disruption to the global economy lies squarely ahead, although known cases in Australia remain relatively low at this stage. 
 
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Daily new cases hit fresh highs yesterday (the February 12 spike was a data collation or measurement issue).
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 The biggest surge in cases lately has been in Italy, with 35,713 cases and 2,978 deaths recorded to date. Recession ahead Major bank economists see the Aussie unemployment rate rising to 7 to 8 per cent (not that you can really forecast in the present environment), while the government's initial stimulus package probably isn't enough to save the economy from printing negative growth for both the first and the second quarter of the year.  
This would lock in Australia's first recession in three decades. 
Recent years been characterised by the Reserve Bank 'leaning against' asset prices and continually undershooting the inflation target, with persistently slow growth in wages and living standards.
Nobody could've predicted the great trifecta of drought, bushfires, and a global pandemic, of course, but the economy was already running well below potential before these shocks. 
At this stage all we have is mostly anecdotes about the likely state of the economy, but so many of them reflect sharp drops in revenue, income, commissions, and profits, that this is no time for half measures.
Markets will be looking for a 'whatever it takes' pledge and from Lowe, and the use of unlimited monetary ammunition until things stabilise. Anything less than that will be brushed aside in the savage market conditions. From the government's perspective infrastructure programs and tax cuts aren't going to cut it. What's needed is putting cash into the hands of households and small businesses today...to prevent the R from becoming a D. They'll write books about all this next year; it's been a momentous month. 
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.
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Infrastructure programs and tax cuts won't be enough: Pete Wargent

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Population growth is over two percent year- on-year, investment in infrastructure including development of the Northbourne Avenue corridor, the Canberra Hospital expansion, a new Canberra Theatre and the successful introduction of Stage 1 of the light rail system (with plans in place for Stages 2 to 4) seem to be attracting more people to the Bush Capital, according to the Herron Todd White (HTW) residential report. 
"So what does this mean for the Canberra housing market? Well, let’s look back before we look forward. 2019 brought us the long awaited conclusion to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, record low interest rates as well as a general election and the media frenzy regarding the Sydney and Melbourne housing markets.
"Any one of these events could have significantly affected the Canberra market but what actually happened? Not a lot! Houses still sold and most real estate agents have had a very good year, thank you very much," the valuation firm said. 
In fact, records were broken w ith <a href="https://www.realestate.com.au/sold/property-house-act-red+hill-132279254" target="_blank">30 Mugga Way, Red Hill</a> (pictured below), selling for $5.85 million at the tail end of the year.
Sitting on a 5,110sqm allotment, the home comprises five bedrooms, formal lounge and dining, study, and established front garden.
Other highlight include swimming pool, tennis court, wine cellar for 460 bottles and three car garage. 
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"So what of 2020? From my Year 7 economics lessons, I recollect the effects of supply and demand on any market and it is no different in the Canberra housing market. There is a predicted rise in population (for the reasons stated above) and these people will all need somewhere to protect them from the Canberra elements (freezing winter conditions and searing summer heat)," the valuation firm stated. 
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"So demand is there but what about supply? Sales of Mr Fluffy blocks have slowed considerably with the general consensus being that you can get better value elsewhere," the valuation firm continued. 
 New land releases in Wright, Coombs, Denman Prospect, Throsby, Taylor and Strathnairn have seen steady sales with additional land releases in Whitlam set for March 2020. 
The report notes these should keep the building contractors in Canberra busy over the coming year and possibly see a rise in already high construction costs.
Supply of units is a slightly different story although it is influenced by locality, according to the HTW report. 
Units in areas such as Gungahlin (approximately 14 kilometres from Civic), have seen values drop slightly due to rapid development, with an influx of units coming onto the market and reduced demand (back to Year 7 economics).
A one bedroom apartment in Gungahlin (pictured below) is currently on the market with $295,000 hopes. 
The apartment at <a href="https://www.realestate.com.au/property-apartment-act-gungahlin-133018726" target="_blank">116/1 Anthony Rolfe Avenue</a> comprises living area, designer kitchen and one bedroom.
The complex features 25m swimming pool, gym and barbecue area. 
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"Elsewhere, the value of units is expected to be steady although it will be interesting to see the effect of the recent media attention given to poorly designed or built units in Sydney and Melbourne and whether this will see potential purchasers turning their attention from buying off plan to looking at older more established blocks. 
"However, it’s not all bad news for owners of units as rental income is high and vacancy rates are low and there is no reason to believe this will change over the coming year," the valuation firm said. 
Housing in established suburbs is still expected to be in demand with property selling well, particularly in the popular inner south and inner north.
The report suggests Ainslie and Yarralumla are leading the field with regards to median house prices which are well over $1 million.
At the other end of the scale, areas further away from Civic have a lower median house price such as Belconnen ($375,000), Charnwood ($458,000), Banks ($488,500) and Phillip ($490,000).
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"The introduction of the home buyer concession scheme, which means that first time buyers pay no stamp duty if their income is under a certain threshold, has strengthened the lower end of the market. Unfortunately, this has generally resulted in any savings being absorbed by the rise in sale price due to an increased number of people looking at property in this price bracket.
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"We anticipate a slightly slow start to 2020, which is not uncommon, followed by a steady year with some growth in all sectors except for the unit market which is expected to be fairly stagnant with some fall back in places. However, don’t be surprised if that record sale price is toppled in 2020." 
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Canberra to see growth in all sectors except unit market in 2020: HTW residential 

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A Napperby, South Australia mortgagee has been sold for $90,000.
The house was originally listed for $138,000, before being slashed to $110,000.
Wayne White of Wardle Co Real Estate marketed the listing.
Situated at <a href="https://www.realestate.com.au/property-house-sa-napperby-127573318" target="_blank">158 Scenic Drive</a>, the property consists of three bedrooms and one bathroom.
Set on 3,237 sqm, the listing describes the home as a "hobby farm for a renovator."
It is located 10 minutes from Port Pirie.
The property features a partly renovated bathroom and four parking spaces, outside there is an old olive orchard, other trees and chook houses.
The circa 1960 built home has been on the market for over 500 days.
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According to CoreLogic, in <a href="/developments/napperby-sa-5540">Napperby</a> the annual change in median price over the past 10 years is 1.9%.
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Napperby, SA mortgagee listing slashed 20% and sold

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A freestanding luxury property in Glebe was recently sold. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-glebe-133027982" target="_blank">Avona Avenue home</a> sold through Stone estate agents Giorgio Koula and Daniele Onofaro for $3,250,000. 
The four-bedroom, three-bathroom home has unobstructed views of the city skyline and Anzac Bridge across the Blackwattle Bay.
The 297 sqm, three-storey features generous living spaces with an upper-level master ensuite and private balcony, a large alfresco terrace, spacious lower-level studio with vast underuse storage, and a greenery retreat in the back garden. 
The property was last sold in 2017 for $3.2 million, according to <a href="https://www.realestate.com.au/property/29-avona-ave-glebe-nsw-2037?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline" target="_blank">Realestate.com.au</a>. 
A similar four-bedroom, three-bathroom property on Wigram Road in the area recently sold for $2,650,000 last month. 
There have been 42 four-bedroom houses sold in Glebe, 11 for sale, and six upcoming auctions. 
 
 
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Glebe luxury home with views of city skyline sold

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An oceanview residence set on the Forresters Beach reserves with direct path to sand has been listed for sale. 
The <a href="https://www.realestate.com.au/property-house-nsw-forresters+beach-132835410" target="_blank">Forresters Beach Road residence</a> has been listed through Belle Property estate agent Cathy Baker whose price guide is $5.5 million. 
The five-bedroom, five-bathroom home can be viewed by appointment, with expressions of interest closing on March, 30. 
The master ensuite is located on the top floor with a study, private terrace, and walk-in robe. Meanwhile, all the other bedrooms have either walk-in or built-ins.
Indoors, the mezzanine design showcases the home's high ceilings and generous living areas. There is a family room, fireplace in the lounging area and a home theatre.
The 746 sqm residence features ocean views from nearly every vantage point with its gallery of glass-wrapped living spaces which extends outside to a sheltered entertaining terrace.
There is also a heated pool, spa and water feature at the back with direct pathway to the beach. 
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This beachfront reserve was last listed but not sold in 2015 for 126 days.
The property was last sold in 2010 for $3.2 million through private treaty by PRD Nationwide. 
There were five five-bedroom houses recently sold in Forresters Beach, according to <a href="https://www.realestate.com.au/property/65-forresters-beach-rd-forresters-beach-nsw-2260" target="_blank">Realestate.com.au</a>. 
Last month, a similar five-bedroom, three-bathroom house located behind the reserve at Yumbool Close sold for $950,000. 
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Forresters Beachfront reserve residence for sale

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An award-winning seaside house in Brighton has been listed through Marshall White estate agent Scott Xue and Andrew Campbell for $5.7 million. 
The <a href="https://www.realestate.com.au/property-house-vic-brighton-132824350" target="_blank">Martin Street masterpiece</a> won the HIA's Victorian Home of the Year award, with two levels of precision-built quality and seamless indoor-outdoor tranquility.
The four-bedroom, four-bathroom home features large living and dining areas that open onto three decked areas, a kitchen with a butler's pantry, three Miele ovens, warming drawer and a Vintec wine fridge, and app-operated heating and air conditioning throughout.
The house is fitted with premium oak floors, bespoke cabinetry, security features which include indoor and outdoor surveillance cameras, video intercom entry, and a remote-control car gate leading to the double garage.
The home offers abundant opportunities for entertainment with its pool, gym, upstairs cinema, and Turning Japanese landscaping. 
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The ground-floor parents' retreat has a day spa-inspired ensuite featuring a bathing room surrounded by greenery. There' is also a large dressing room, and pool views from the oversized bedroom.
This house last sold for $4.5 million in 2015, reports <a href="https://www.realestate.com.au/property/32-martin-st-brighton-vic-3186?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline" target="_blank">Realestate.com.au</a>, and $1.8 million two years prior. 
There have been 25 other four-bedroom houses recently sold in Brighton, the most recent being a <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-132860282?pid=pdp:sold:source:p4ep" target="_blank">Black Street property</a> which sold for $3,625,000 last month. 
According to the Statement of Information prepared on February 25, a similar five-bedroom, four-bedroom house on <a href="https://i2.au.reastatic.net/787de9a34c7bdbaec399f7c6d8fb8cbbd3ee931c74bccfc995e40df0f7899a3d/statement.pdf" target="_blank">Dudley Street, Brighton</a> sold through auction for $6.5 million last November. 
 
 
 
 
 
 
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Award-winning seaside home in Brighton for sale

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Te Moana, a luxury Broadbeach Waters mansion situated between the Nerang River and Albert Park, has been listed for sale. 
The <a href="https://www.realestate.com.au/property-house-qld-broadbeach+waters-131893742" target="_blank">Monaco Street property</a> has been listed through Luxure estate agent Sonja Smith for $12,950,000. 
The five-bedroom, six-bathroom house, features an array of open plan living and dining areas that flow out onto a multitude of outdoor entertaining terraces, high ceilings, manicured gardens, and a 15 metre pontoon which will cater for a large boat and several jet skis. 
The 3,300 sqm offers a range of entertainment opportunities outdoors including an BBQ, kitchen area, resort style swimming pool, water features, showers and fireplace. 
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Inside, the 1300 sqm of interior space showcases a classic timber sweeping staircase, a gourmet chefs kitchen with gas cooking, butlers pantry, wine cellar, rumpus room, and separate guest wing with a home office area. 
Taking on 43 metres of main river frontage, the home is fitted with timeless finishes and classic styling, ducted air-conditioning and alarm security throughout. 
The property was last sold in 2016, for $11,000,000,  $8.5 million in 2010 through, and rented for $5,000 per week prior that in 2008. 
The area recently sold 70 other similar five-bedroom houses, reports Realestate.com.au.
The most recent being a five-bedroom, four-bathroom house at<a href="https://www.realestate.com.au/property/255-monaco-st-broadbeach-waters-qld-4218" target="_blank"> Coral Gables Key</a> which sold for $1,665,000 last month. 
 
 
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Luxury Broadbeach Waters mansion for sale 

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Heartwood Farm, a 61.17 hectare property,  has just hit the market in Rose Valley on the South Coast.
The <a href="https://www.realestate.com.au/property/128-alne-bank-lane-rose-valley-nsw-2534" target="_blank">Lane Bank Lane homestead</a>, famous for its exotic finger limes which are on the menu at high end Sydney restaurants Catalina and Monopole, has been listed through Ray White estate agents Neil Campbell and Roida Harper whose price guide is above $6 million. 
The three-bedroom, two-bathroom property dates back to 1878, when it was predominantly used for dairy farming, said co-agent Ray White Gerringong sales agent Mr Campbell.
”There’s a lot of interest in Gerringong and of course sustainable farming and Heartwood Farm focuses on creating a sustainable environment, with a well advanced native timber forestry project and three orchards of native Australian finger limes,” he said.
Owners Kim and Fiona Manley said there were multiple revenue streams from local dairy agistment, holiday rentals, wedding/event opportunities, finger limes and the hardwood timber project, or simply a magnificent lifestyle property.
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“We live in the eastern suburbs but we ended up falling in love with the South Coast. So we bought Heartwood Farm over 10 years ago when our boys were young and they had a rich outdoor childhood here. Dirt bikes, beaches, swimming in dams and getting muddy! We would hit the road after Saturday sport and be here in an hour and a half," Ms Manley said.
“We feel very blessed to have created this life balance for our family and with the sustainable plantations that will be here for many generations to come. I think Heartwood Farm would suit a buyer who is looking for a beautiful lifestyle farm with an appreciation of natives and sustainability. You could also run cattle or horses here too. There really are so many options, but for us the time’s right to downsize, as our sons are older now and we want to travel more. For us, it’s time for another chapter.” Ms Manley said.
After they purchased the property the  Manleys partnered with Landcare Australia to plant over 4000 native seedlings, with the help of local school children in Kiama, to restore and regenerate the land  around Ooaree Creek which runs through the property and valley.
Ten years ago, the Manleys started their long term sustainable forestry project, planting thousands of native Australian hardwood species, including Red Cedar, Silky Oak and Quandong.
These highly valuable trees now standing over five metres tall are prized by those in construction, furniture industries for their quality beautiful hardwoods.
In 2013 they also planted  their first native Finger Lime orchard. The soil and climate were a perfect match for Finger Limes and they have since added two more orchards, always using biodynamic farming methods.
Ms Manley said the farm-  which has its own water resources – was spared by the recent fires.
“We were very lucky that’s for sure. Rose Valley is unique , as it’s nestled between the mountains and the sea and has i’s own lush microclimate. It has always been valued by the local dairy farms.”
Over and above the timber plantation, Finger Lime orchards and land regeneration ,  they have made further capital improvements to the house and property , with a house and deck extension, a tennis court,a rainwater irrigation system for the orchards, additional shed and barn, extensive drainage, rock walling and road works.
The Heartwood Finger Limes are sought after by chefs for their unique  flavour and texture.
"We have relationships with the chefs from Quay , Cirrus and many others who truly appreciate this unique native fruit and where and how they are grown.
When there is extra fruit we sell at our local farmers market in Kiama. Foodies love them with their unique texture and pop of flavour. Some are zingy lime and others like grapefruit.They are known as the caviar of the citrus world.”
The harvest normally runs from January to June, with an opportunity to export overseas frozen fruit.
The property was last sold in 2007 for $3.1 million, and $335,700 in 2003. 
 
 
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Lush South Coast farm bursting full with opportunity

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A family residence sitting on a 1,358sqm block in Fig Tree Pocket, Queensland has hit the market with over $2.65 million hopes.
The five bedroom, four bathroom house is situated at <a href="https://www.realestate.com.au/property-house-qld-fig+tree+pocket-132942282" target="_blank">23 River Park Place</a>. 
It comes with lounge/dining area, two living rooms, study, kitchen, entertaining terrace and landscaped garden with pool. 
Built by Tabrizi Home Builders, other features of the home include six metre high void, Ronan and Erwan pendant lights and manicured lawns. 
The house is located close to riverfront parks, boat ramp, buses and Fig Tree Pocket State School.
Alex Jordan and Frazer Watson of McGrath Estate Agents Paddington have the listing. 
 
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Fig Tree Pocket trophy home hits the market 

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Joel Robinson

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

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Eastern Suburbs buyers snap up ESTE Little Bay apartments

<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
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First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Staff reporter

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