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A water-view Mosman mansion sold at auction through Simeon Partners estate agents Richard Simeon and Adette Cao on March 6, 2020.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-132985494" target="_blank">Bullecourt Avenue property</a>'s final price is confidential, states Mr Simeon, but "I can say that it sold comfortably in the price guide of $5 million to $5.5 million." 
The five-bedroom, four-bathroom home features a self-contained private accommodation all on one level with a wraparound balcony, water-facing open plan living and dining zones. 
Rebuilt in 2000, the three-storey home has a classical touch, showcasing an in-wall gas fireplace in the lounging area, Juliet balcony in the Master suite.
The 506 sqm block has an easy-care, small level garden, entertaining terrace, and a large resort-style swimming pool embraced by foliage and sundecks with an outdoor shower.
Indoor, the house is fitted with engineered American Oak floorboards, plantation shutters and a home theatre with integrated sound system. 
The home was last sold in 2017 for $4,255,000.  
In Mosman, 46 other five-bedroom houses have recently been sold, reports Domain. 
According to Realestate.com.au, a similar five-bedroom, three-bathroom house on Pretoria Avenue in the area sold for $5,850,000 last December. 
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j.ballantyne1990-6AQqhLzZaK

Mosman water-view mansion sold at auction

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An elegant Parkside house in Queens Park sold at auction this weekend for $4,650,000.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-queens+park-132909898" target="_blank">Cuthbert Street residence </a>was listed by Belle Property estate agents Edward Brown and Ben Collier whose price guide was $4.25 million to $4.5 million. 
The five-bedroom, three-bathroom freestanding luxury home is comprised of two adjoining Victorian cottages. It features a cottage frontage with a sandstone entrance, double French doors, and tessellated tiles.
<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/2020/3/6/7_Queens.jpg" alt="">
The home had been renovated over 20 years ago with Flos lighting and Gessi tap ware, reports Mr Brown. "The vendors added the pool, and updated the bathroom."
The 291 sqm block has north-facing landscaped gardens, a heated mosaic-tiled pool with an outdoor shower, and abundant flexible entertaining areas. 
Upstairs, there is also an in-ceiling 110 inch movie screen and projector, and the master ensuite bedroom which features its own dressing room, private steam room, and private deck. 
The property was previously sold in 1998 for $393,000. 
According to Domain, two other five-bedroom houses in the area were recently sold. 
A similar home on Bourke Street in the area sold for $4 million. 
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Adjoining Victorian cottage residence in Queens Park sold

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GUEST OBSERVATION
In July 2019, the government introduced <a href="https://www.agedcarequality.gov.au/news-media/commission-media-release-new-aged-care-standards-commence" target="_blank">new aged care standards</a> to “raise the bar” in an aged care system where some nursing home residents have experienced care that is <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-10-31/aged-care-royal-commission-report-finds-unsafe-industry/11658328" target="_blank">neglectful, depersonalised, uncaring, unsafe and of poor quality</a>.
We took a close look at <a href="https://www.myagedcare.gov.au/non-compliance-checker" target="_blank">breaches of aged care standards</a> from 2019 to see what effect the new aged care standards are having, and where aged care providers are falling short.
What are aged care standards?
Aged care standards are the minimum standard of care the government expects nursing homes to provide.
They are supposed to ensure people in aged care have access to quality care including competent staff who listen, best-practice clinical care and nutritious and tasty food.
Nursing homes that don’t meet standards are given a notice of non-compliance. If the provider doesn’t fix the problems that made it non-compliant, then it will be sanctioned.
If assessors decide there is an immediate and severe risk to residents, nursing homes can also be immediately <a href="https://theconversation.com/how-to-check-if-your-mum-or-dads-nursing-home-is-up-to-scratch-123449">sanctioned</a>. The nursing home provider must then bring the care up to standard before they can take new residents.
The new aged care standards
From 2014 until the new standards were introduced in July 2019, the number of non-compliance notices and sanctions increased steadily as can be seen in the chart below.
This was likely due to a combination of <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-08-11/aged-care-commission-hears-recommendations-ignored/11400026">increasing scrutiny</a> of the quality of residential care as a result of the unsafe care revealed at Oakden in 2017, and the establishment of the <a href="https://agedcare.royalcommission.gov.au/Pages/default.aspx">aged care royal commission</a> in October 2018. A 2018 policy change meant providers <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/FlagPost/2018/February/nursing_home_quality_and_compliance_visits">were no longer warned</a> about upcoming accreditation visits.
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<a href="https://images.theconversation.com/files/318042/original/file-20200302-18295-1fbu84s.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/318042/original/file-20200302-18295-1fbu84s.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 Chart: Else Kennedy. <a class="license" href="http://creativecommons.org/licenses/by-nd/4.0/">CC BY-ND</a>
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The new standards, introduced in July 2019, <a href="https://www.agedcarequality.gov.au/news-media/commission-media-release-new-aged-care-standards-commence">focus</a> on “personal dignity and choice”.
They were designed to support the provision of care based on what residents want, rather than penalising providers when they let residents do something that could be considered “risky”, such as allowing someone with mild dementia to walk to the shops, or having a pet in the nursing home.
The number of non-compliance notices and sanctions in the first six months of the new standards decreased. This is likely because assessors visited fewer nursing homes in this period, and may still be learning how to interpret the new standards.
Aged care providers and industry bodies have <a href="https://www.australianageingagenda.com.au/2019/03/22/balancing-act-will-test-transition-to-new-quality-standards/">criticised</a> the new standards for being <a href="https://www.australianageingagenda.com.au/2019/03/01/objective-measures-needed-for-better-quality-regulation-rc-advised/">subjective and vague</a>. They do not measure objective resident outcomes like depression or number of infections.
For-profit companies had a higher rate of non-compliance in 2019
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<a href="https://images.theconversation.com/files/318047/original/file-20200302-18262-1vtgbvj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/318047/original/file-20200302-18262-1vtgbvj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 Chart: Else Kennedy. <a class="license" href="http://creativecommons.org/licenses/by-sa/4.0/">CC BY-SA</a>
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Some <a href="https://www.aihw.gov.au/getmedia/87fa8d3e-ca23-48e7-905f-57df367f8f14/aihw-age-101.pdf.aspx?inline=true">6% </a>of for-profit residential care facilities failed aged care standards in 2019, some of them multiple times. In comparison 5% of not-for-profit and 4% of government facilities failed standards.
The rate of non-compliance in for-profit facilities was 27% higher than not-for-profits, and 54% higher than government facilities.
This suggests for-profit providers in Australia are more likely to provide lower quality care. An <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2721035/">international review</a> has noted similar trends in other countries.
Profit margins are <a href="https://theconversation.com/its-hard-to-make-money-in-aged-care-and-thats-part-of-the-problem-103339">slim</a> in aged care, and for-profit providers are under pressure to make profits by cutting costs. This could lead to a lower standard of care compared with not-for-profit or government providers.
Reasons for non-compliance in 2019
The most common reasons for non-compliance in 2019 were in the area of personal and clinical care and the area of governance.
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<a href="https://images.theconversation.com/files/318043/original/file-20200302-18291-1usnscx.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/318043/original/file-20200302-18291-1usnscx.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 Chart: Else Kennedy. <a class="license" href="http://creativecommons.org/licenses/by-nd/4.0/">CC BY-ND</a>
<hr>
An example of a nursing home breaching the personal and clinical care standard could be if the home’s practices mean it isn’t giving medication correctly, isn’t managing wounds properly, or isn’t providing dignified help for residents using the toilet.
Homes might also breach the personal and clinical care standards if they don’t have sufficiently skilled staff such as registered nurses to care for residents with complex health needs.
A nursing home might be non-compliant in governance when it doesn’t have the right systems in place to monitor and improve its clinical care, for example in the areas of infection control or restraints. It might also be non-compliant if residents and families don’t have enough of a say in how the facility is run.
The new standards were supposed to place an <a href="https://www.agedcarequality.gov.au/news-media/commission-media-release-new-aged-care-standards-commence">increased focus</a> on dignity and choice, supporting the identity of a person, and increasing their say in the care they receive. This means catering for residents who want to have showers in the evening, stay up late, or make their own lunch. Previously there was much less emphasis on these aspects of aged care.
It is somewhat promising that more breaches of non-compliance in the “dignity and choice” standard have been picked up since the new standards came in. But given we know care is often poor in this area and there is an increased focus on this standard, we could have expected a more significant change.
Based on the first six months of non-compliance and sanctions data for the new aged care standards, we cannot be confident the new standards are ensuring nursing homes provide higher quality care. We await more data.
Until then, aged care residents and their families should monitor the quality of care they receive, know their aged care rights, and <a href="https://www.myagedcare.gov.au/contact-us/complaints">complain</a> if they think there is an issue.
If you or a family member are considering using an aged care provider, you can check whether the provider has breached standards via the <a href="https://www.myagedcare.gov.au/non-compliance-checker">My Aged Care non-compliance checker</a>.<img src="https://counter.theconversation.com/content/131449/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/lee-fay-low-98311">Lee-Fay Low</a>, Associate Professor in Ageing and Health, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a>
This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/which-aged-care-services-near-you-werent-up-to-scratch-in-2019-131449">original article</a>.
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Which Australian aged care services weren't up to scratch in 2019?

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GUEST OBSERVATION
Panic buying knows no borders.
Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19 coronavirus. Shop shelves are being emptied as quickly as they can be stocked.
This panic buying is the result of the fear of missing out. It’s a phenomenon of consumer behaviour similar to what happens when there is a run on banks.
A bank run occurs when depositors of a bank withdraw cash because they believe it might collapse. What we’re seeing now is a toilet-paper run.
Coordination games
A bank holds only a fraction of its deposits as cash reserves. This practice is known as “fractional-reserve banking”. It lends out as much of its deposits as it can – subject to a banking regulator’s <a href="https://www.propertyobserver.com.au/https://www.rba.gov.au/publications/bulletin/2010/sep/6" target="_blank">capital-adequacy requirements</a> – making a profit from the interest it charges.
If every customer simultaneously decided to withdraw all of their deposits, the bank would crumble under the liability.
Why, then, do we not normally observe bank runs? Or toilet paper runs?
The answer comes from Nobel-winning economist John Nash (played by Russell Crowe in the 2001 movie <a href="https://www.imdb.com/title/tt0268978/" target="_blank">A Beautiful Mind</a>). Nash shared <a href="https://www.nobelprize.org/prizes/economic-sciences/1994/press-release/" target="_blank">the Nobel prize in economics</a> for his insights in game theory, notably the existence of what is now called a “<a href="https://www.propertyobserver.com.au/https://www.pnas.org/content/101/12/3999" target="_blank">Nash equilibrium</a>” in “games”.
Both banking and the toilet-paper market can be thought of as a “coordination game”. There are two players – you and everyone else. There are two strategies – panic buy or act normally. Each strategy has an associated pay-off.
If everyone acts normally, we have an equilibrium: there will be toilet paper on the shop shelves, and people can relax and buy it as they need it.
But if others panic buy, the optimal strategy for you is to do the same, otherwise you’ll be left without toilet paper. Everyone is facing the same strategies and pay-offs, so others will panic buy if you do.
The result is another equilibrium – this one being where everyone panic buys.
Preventing coordination failure
So either no one panic buys (a successful coordination) or everyone does (a coordination failure).
The fear of everyone else panic buying has made some people panic buy as well. But those who are panic buying are not acting irrationally. They’re not stupid! They are executing an optimal strategy because the fear has a basis in reality: many people have experienced going to supermarkets and finding empty shelves.
Obviously, though, only one of these equilibria is desirable. So what can we do to prevent coordination failure?
One solution is a market mechanism – allowing the price of toilet paper to increase to reduce demand. This is unlikely to happen, though, given the potential backlash associated with “price gouging”.
There are two other solutions.
The first is for the government to step in as guarantor.
In 2008, for example, the market crash engendered by the subprime mortgage crisis left multiple Australian banks vulnerable to depositor runs. In response, the Australian government announced a <a href="https://www.guaranteescheme.gov.au/" target="_blank">guarantee scheme</a> for deposits. Depositors, assured the government would cover their losses even if their bank collapsed, no longer had the fear of being caught out by not withdrawing their savings.
In the case of toilet paper, the government acting as guarantor might involve holding a strategic stockpile of toilet paper. But all things considered – from logistics to costs – this probably isn’t a very good idea.
The second solution is to ration the commodity – putting limits on the amount a customer can buy. Imperfect though these buying limits are, they are feasible, as shown by the restrictions put in place by <a href="https://www.afr.com/companies/retail/coles-joins-woolworths-in-rationing-toilet-paper-20200305-p5471r" target="_blank">Australia’s supermarkets</a>.<img src="https://counter.theconversation.com/content/133065/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/alfredo-r-paloyo-438086" target="_blank">Alfredo R. Paloyo</a>, Senior Lecturer in Economics, <a href="https://theconversation.com/institutions/university-of-wollongong-711" target="_blank">University of Wollongong</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/a-toilet-paper-run-is-like-a-bank-run-the-economic-fixes-are-about-the-same-133065" target="_blank">original article</a>.
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Toilet paper runs are like bank runs and economic fixes are about the same

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Sydney weekend clearance rates remain strong after another RBA rate cut encouraged buyers who've yet to show coronavirus induced recession fears.
Elsewhere public holidays in four of the eight states and territories meant the 1456 number of homes was less less than half the number last week (3026).
Across the capitals the preliminary clearance rate rose from 73.9 per cent to 74.8 per cent.
Sydney’s was again the strongest auction market at 82 per cent.
Its highest sale was at 8 Wallis Street, Woollahra.
It sold through Ben Collier and Fraser Turvey at The Agency for $6.1 million to buyers had been renting after selling their own home, looking to upsize in the local area.
It last sold for $3.4 million in 2015 with little more than a splash of paint in the meantime.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-118933903" target="_blank">8 Wallis Street</a> offering was four-bedroom, three-bathroom residence. 
<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/2020/3/6/main.jpg" alt="">
Built in 1888, the three-story residence features a ten-metre wide frontage, elegant lounge and dining areas, manicured gardens and two balconies. 
The home had ornate ceilings, original fireplaces and floorboards. 
The 367 sqm block is privately set between Centennial Park and the Queen Street village.
Sydney's most affordable auction this weekend was on <a href="https://www.realestate.com.au/sold/property-unit-nsw-rockdale-132933770" target="_blank">Watkin Street</a>, Rockdale.
The one-bedroom, one-bathroom unit sold pre-auction through PRD estate agents Nick Reskakis and Jonathan Kollias for $340,000 to a first time buyer.  
<div class="fluid-width-video-wrapper">Melbourne was the second busiest auction market, but the Moomba public holiday on Monday saw just 404 auctions.</div>
<div class="fluid-width-video-wrapper"> </div>
<div class="fluid-width-video-wrapper">There was a reduced 68 per cent success rate, down from 77 per cent the weekend before.</div>
CoreLogic auction analyst Kevin Brogan attributed the declining rate to weaker participation due to the long weekend.
The city’s highest disclosed sale was Marazion, a three-bedroom, two-bathroom at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-132961506" target="_blank">Faversham Road, Canterbury</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/2020/3/9/8_MARAZION.jpg" alt="">
The 1920s-built home sold for $2.89 million through Jellis Craig estate agents Simon Lord and David Banks.
The elegant Victorian property showcases a Spanish Mission façade, and impressive craftsmanship with its diamond headlights, stained glass windows, and solid timber features throughout.
The 715 sqm home last sold for $850,000 in 2003.
Adelaide's top sale was a three-bedroom, two-bathroom sandstone villa at <a href="https://www.realestate.com.au/property-house-sa-unley+park-132392842" target="_blank">Northgate Street, Unley Park</a>.
The 894 sqm villa sold for $1,395,000 through Toop &amp; Toop estate agents Peter McMillan and Eloise McMillan. 
 
<div class="fluid-width-video-wrapper"> </div>
 
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Sydney weekend auction rates hover above 80 percent

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A Gawler West, South Australia, mortgagee home is under offer after an unsuccessful auction in early February.
It is listed with a $115,000 - $125,000 price guide.
Ken Loft of Harcourts is marketing the three bedroom, one bathroom house.
Situated at <a href="https://www.realestate.com.au/property-house-sa-gawler+west-132764986" target="_blank">19 Mulga Street</a>, the abode was built in 1975.
Set on 471 sqm, it positioned in the heart of Gawler West.
It last sold for $56,000 as part of a multisale by the SA Housing Trust in 2002.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
To learn more about <a href="/developments/gawler-west-sa-5118">Gawler West, click here</a>.
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Gawler West, SA mortgagee home under offer after unsuccessful auction

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A Kirkwood, Queensland mortgagee home has been sold for $200,000.
At the time of the sale it was listed for $205,000.
When the house was first listed in November 2019, the vendors sought $235,000.
The three bedroom, two bathroom home last sold for $224,900 in 2013.
Luke Watts of Elders is marketing the property.
Situated at <a href="https://www.realestate.com.au/property-house-qld-kirkwood-132352222" target="_blank">10 Seagull Boulevard</a>, the home was built in 2013.
Set on 353 sqm, the lowset brick home is tucked away in the Oasis Estate Gladstone.
It was listed as a rental in 2015 and 2016 by the National Affordable Housing Consortium and Queensland Affordable Housing Consortium seeking $280/pw in 2015 and $190/pw in 2016.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median asking rent for a house in <a href="/developments/kirkwood-qld-4680">Kirkwood</a> is $300/pw, according to CoreLogic data.
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Kirkwood, Queensland mortgagee home sold for minor loss

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A circa 1920's Armadale, Victoria home has been listed for sale via a March 2020 auction.
It comes with a $2 million - 2.2 million dollar price guide and a planning permit for six apartments and one penthouse.
Situated at <a href="https://www.realestate.com.au/property-house-vic-armadale-133002594" target="_blank">62 Kooyong Road</a>, the listing does note that there is potential to instead renovate the existing brick home or knock it down and rebuild.
Mark Wridgway and James Paull or RT Edgeway are marketing the home.
The existing house is a five bedroom, one bathroom abode.
Set on 706 sqm, the home has been listed for $500,000 less than what it prevously sold for.
It last sold for $2,860,000 in 2018. 
The home was listed as a rental in 2018 seeking $875/pw.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="/developments/armadale-vic-3143">Armadale</a> is $1.875 million according to CoreLogic data.
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Armadale mortgagee home with planning permit listed at $700,000 value reduction

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Australia’s fifth largest bank, ING, has cut fixed rates to as low as 2.49 per cent on its 3-year fixed rate.
This is currently the lowest fixed rate on the RateCity.com.au data base.
ING has shaved all of its 1- to 5-year owner-occupier rates by up to 0.35 per cent and investor rates by up to 0.40 per cent.
<img src="https://www.urban.com.au/images/2020/3/5/Ratecity%20ING%201.JPG" alt="">
Since the RBA announced the 0.25 per cent cash rate cut on Tuesday, a total of four lenders have lowered their fixed rates.
BankVic is hot on the heels of ING, today cutting its fixed rates to now offer 2- and 3-year year loans as low as 2.50 per cent.
RateCity.com.au research director Sally Tindall said other lenders were likely to chase after ING in a bid to hold market share.
“The fixed rate war continues with the nation’s fifth largest lender now playing hard-ball in the fixed rate space,” she said.
“With ANZ, and now ING, offering market-leading rates, we expect other banks will start sharpening their prices in a bid to remain competitive.
“Fixed rates are a great tool to get new business in the door, particularly in this environment of record low rates. But with one more cash rate cut still likely, we probably haven’t seen the bottom of fixed or variable rates just yet,” she said.
<img src="https://www.urban.com.au/images/2020/3/5/Ratecity%20ING%202.JPG" alt="">
Almost 50 lenders have announced variable rate cuts, following Tuesday’s RBA decision.
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ING has slashed fixed rates to a new market low

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A full floor Surfers Paradise luxury apartment has been listed for $4,275,000.
Kollosche estate agents Duncan Longmore and Michael Kollosche hold the listing.
Situated on the fifth floor, the <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-133142402" target="_blank">Northcliffe Terrace apartment</a> is one of only 15 boutique apartments with an unobstructed ocean views.
The three bedroom, four bathroom oceanfront home features air-conditioning throughout, a gourmet kitchen with brand new European appliances, a walk-in pantry, wet bar, and a 600 bottle Vintec walk-in wine cellar. 
All bedrooms are fitted with stone ensuite and balconies. The master suite also has a walk-in robe, and circular spa in its ensuite. 
The open plan living and dining area showcases a gas fireplace and access to the beachfront balconies which have a BBQ and heated plunge pool with jets.
The apartment also has an executive office with ceiling to floor glass windows and balcony access, fitted with custom built desk and cabinetry. 
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Full floor Surfers Paradise trophy apartment for sale

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

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;

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.

[smartcode_project_cta:default project_id=112343]

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