Avant Townhomes is adding to Ivanhoe’s family-sized housing options with <a href="https://www.apartments.com.au/new-townhouses/three-82-ivanhoe-382-upper-heidelberg-road-ivanhoe-vic-3079">Three 82</a>, a collection of just 16 four-bedroom townhomes on Upper Heidelberg Road.

The <a href="https://www.apartments.com.au/developers/intrapac-property">Intrapac Property</a> townhome division has taken a contemporary approach to the traditional family home, pairing larger floorplans with the lower-maintenance format of a townhouse.

[smartcode_project:default project_id=152069 project_image_fid=374394]

Designed by <a href="https://www.apartments.com.au/architects/arcadia-studio">Arcadia</a>, with landscaping by Landsite, the homes feature generous open-plan living and dining areas that connect directly to outdoor spaces, with layouts also designed to maximise natural light and privacy.

Natural stone is used throughout the interiors, including in kitchens that pair stone surfaces with bespoke cabinetry, considered storage and SMEG appliances.

The four-bedroom layouts include built-in wardrobes and a main bedroom with its own ensuite, while family bathrooms service the additional bedrooms. Each home also includes a lock-up double garage and intercom entry.

[smartcode_project:default project_id=152069 project_image_fid=374399]

Energy efficiency has been incorporated into the design through solar panels, double glazing and reverse-cycle heating and cooling, with the homes targeting 7-star energy ratings.

Rather than incorporating extensive communal facilities, Three 82 has been conceived around private residential amenity, with the 16-home scale keeping the focus on individual homes and their own indoor and outdoor spaces.

The development is located at 382 Upper Heidelberg Road, around one kilometre from Ivanhoe Village's cafés and retail and a short drive from Eaglemont Station and Ivanhoe Station.

[smartcode_project:default project_id=152069 project_image_fid=374393]

Several of Ivanhoe's established schools are also nearby, including Ivanhoe Girls' Grammar and Ivanhoe Grammar School. The address also provides access to the suburb's parklands and the wider Yarra River corridor.

<a href="https://www.apartments.com.au/project-marketer/nelson-alexander">Nelson Alexander</a> has been appointed to handle sales.

Construction is underway and progressing well, with Three 82 currently tracking toward completion in Q2 2027.

[smartcode_project_cta:default project_id=152069]

Joel Robinson

Three 82 brings boutique four-bedroom townhome collection to Ivanhoe

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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Property developer Eduard Litver and his wife, Adriana, have secured about $16.35 million from the sale of their Darling Point harboufront house.
The Litver's five-bedroom waterfront reserve house comes with swimming pool.
Its been listed on and off since late 2011. Set at the end of the cul-de-sac end, it initially came with overly ambitious $20 million-plus hopes.
The house is at the bottom of a steep site.
It comes with a glass-covered inclinator.
The land was once part of the Babworth Estate.
The property was bought by the Litvers for $5 million in 2008 when it was only partially built.
The house with views across Double Bay comes with 750 square metres internal space.
Title Tattle gathers the three-storey Eastbourne Road house was sold through Steven Chen at McGrath Estate Agents.
Darling Point's highest house sale remains the Sutton's $18.25 million purchase in 2007 from tourism entrprenuer Barry Wain.
The next priciest was back in 2001 when the Davey family bought Craigend for $16 million.
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jchancellor-FAypfDUnLy

Property developer Eduard Litver secures $16.35 million in Darling Point

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Lynn Malone, director of LynnMalone design, and partner Donna Eiby, CEO of Bid Management International, have sold their Potts Point apartment.
Title Tattle gathers the Orwell Street unit sold for $1,235,000 pre-auction.
It was bought for $675,000 as an incomplete shell in 2008 in the block of seven.
The one-bedroom designer 129 square metre unit has direct lift access to a Carrara marble entry, city views and two terraces.
The kitchen has stone benchtops, three Smeg ovens and warming drawers.
<img alt="pottspointmay10one" height="600" width="400" src="/images/stories/2013/05/pottspointmay10one.jpg">
It comes with Malone's signature fireplace inclusion. 
It was listed through Jason Boon and Geoff Cox of Richardson &amp; Wrench.
<img alt="pottspointmay10two" height="600" width="400" src="/images/stories/2013/05/pottspointmay10two.jpg">
The $1,235,000 sale price apparently did not include the car space in Springfield which sold for about $70,000.
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Stylist Lynn Malone secures tops floor Potts Point sale

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Mortgage demand is picking up, conditions are improving in the housing market and indicators and enquiries suggest demand for new housing is strengthening, the RBA has said in a more upbeat assessment of of the mortgage and property market in its monthly statement on monetary policy.
The statement reveals that low inflation, the high Australian dollar and a weaker economic outlook  - rather than housing market concerns - were behind its decision to cut the cash rate to a historic 53-year-low of 2.75% on Tuesday.
"There are signs of an increasing appetite for borrowing in the household sector, with approvals for housing and personal loans increasing over recent months," says the RBA in its introduction to the lengthy statement.
"This coincides with improved conditions in the housing market. Dwelling prices are around 4% above their low point of mid 2012 and auction clearance rates have also increased to be at, or above, long-run average levels.
"Higher house prices, low borrowing rates and a tight rental market should support a recovery in dwelling investment. 
"Notwithstanding a decline in building approvals for higher-density housing in the March quarter, forward-looking indicators suggest that demand for new housing is gradually strengthening.
"This is also apparent in the Bank’s business liaison, with firms noting that enquiries from prospective purchasers and visits to display homes have increased," says the RBA.
The RBA says forecasts for the domestic economy embody a "gradual shift in growth from investment in the resource sector towards exports, non-mining investment and household demand".
"This rebalancing appears to be beginning, but inevitably there remains considerable uncertainty about exactly how it will unfold."
The RBA makes it clear that low inflation, a weaker economic outlook and the high Australian dollar were the main catalysts for the decision to resume its easing policy in May.
"Over 2012, the Board reduced the cash rate by 125  basis points, bringing it to 3% and borrowing rates close to their previous lows.
"Since then, signs have emerged that the economy has been responding to the low level of interest rates,"
However, it says the exchange rate has been "little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time"
"Moreover, the demand for credit has thus far remained relatively subdued.
"Over the earlier part of this year, the Board held the cash rate steady while carefully assessing economic developments and noting that the inflation outlook would afford scope to ease further, should that be necessary to support demand.
"At its May meeting, with inflation a little lower than had been expected, and growth of economic activity likely to remain below trend into next year, the Board judged that a further reduction in the cash rate would help to support sustainable growth in the economy, and would be consistent with achieving the inflation target.
"The Board will adjust the cash rate as appropriate to foster sustainable growth and low inflation," says RBA, suggesting that further rate cuts will be considered.
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RBA notes signs of "increased appetite" for mortgages in improving housing market

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Fresh from announcing its new strategic focus on acquiring prime office assets in the major capital cities, Mirvac has swooped to acquire GE’s seven office property portfolio for $584 million covering 83,500 square metres of office space.
It is being acquired at an initial passing yield of 7.8%.
The portfolio includes two A Grade office towers – the 90 Collins Street office tower at the Paris End of Collins Street with 21,000 square metres of office space, acquired for $170 million and the 28,000 square metre Allendale Square skyscraper in Perth, acquired for $231 million.
Allendale Square is a 32-level building with tenants include ANZ and Minter Ellison, built in 1976 and refurbished in 2002.
The 90 Collins Street tower covers 22 levels and was built in 1988, refurbished in 2011. It stands in between the iconic 101 and 120 Melbourne office towers with tenants including Westpac and VicSuper.
The five other buildings are all in Sydney: 210 and 220 George Street, 37 and 51 Pitt Street and 6-8 Underwood Street, just off George Street..
The acquisitions are being funded via a $400mn equity raising and an offer to Mirvac securityholders.
“The key properties in this portfolio are the five Sydney properties (only 31% of the portfolio) which are located next to, or in immediate proximity to Mirvac’s current office development project at 200 George Street,” notes Goldman Sachs A-REIT analyst Simon Wheatley.
“These properties, within the bounds of George, Pitt, Dalley and Alfred St’s, comprise a re-development opportunity, with 210 and 220 George St set for an initial upgrade, with potential for future site consolidation and redevelopment.
“The three properties on the corner of Pitt and Underwood St present more immediate potential for redevelopment of a 30,000sqm office building. “
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Mirvac kicks off new strategic focus with $584 million CBD office portfolio acquisition

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The retired AFL football champion Jason Akermanis has listed his Aberfeldie family home - reportedly given his coaching role with the North Albury Hoppers.
Megan Akermanis, the wife of the Brownlow medalist has the four-bedroom house listed for June 1 auction through Lou Rendina at Rendina Real Estate Kensington.
More than $2 million is being quoted to those inspecting the house which is set amid Japaense-inspired gardens.
 "Undeniably one of Aberfeldie's most illustrious, impressive properties, this refined, faultlessly renovated family residence's elegant formal entertaining areas give period character a fresh, vibrant feel," says Lou Rendina.
The house comes with study.
There is also a fully self-contained two storey lodge and double carport.
<a target="_blank" href="https://www.realestate.com.au/property-house-vic-aberfeldie-113769967">"It is a home of landmark luxury - and benchmark beauty," the marketing says.</a>
The house cost $1.51 million in 2007.
In 2011 Akermanis played for the the local side, the Abers in the Essendon District Football League for one game.
He has been appointed captain-coach of the Hoppers for 2013, with the option of an extension in 2014.
Akermanis played with Brisbane, and then almost three seasons at the Bulldogs.
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Jason Akermanis lists Aberfeldie home as he moves north

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Sydney has the lowest average time on market for houses and units and the second lowest average vendor discounting for houses of all the capital cities, according to RP Data.
Houses spend an average of 36 days on the market in Sydney, with the average discount at 6.9%. Units sell slightly quicker at 32 days and at a discount of 5.3%.
Darwin has the lowest vendor discount for houses at 4% while Perth has the lowest for units at 2.3%.
Houses take the longest to sell in Hobart, at 83 days, and units take the longest in Darwin, at 101 days.
Houses are the most discounted in Brisbane, at 8.7% and Adelaide has the most discounted units at 8.1%.
<img height="321" width="470" src="/images/stories/2013/05/rpdatatimeonmarketmay7one.jpg" alt="rpdatatimeonmarketmay7one">
<img height="325" width="370" src="/images/stories/2013/05/rpdatatimeonmarketmay7two.jpg" alt="rpdatatimeonmarketmay7two">
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Sydney houses sell faster than other capital cities: RP Data

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The number of new house listings in Sydney has dropped 9.3% over the last 12 months, according to RP Data.
There were 6,757 new listings in the last 12 months bringing the total number of listings to 28,484 - down 9.8% over the year.
Meanwhile, in Melbourne, new listings are up 5.3% over the year, with 8,219 additions. Total listings are up 9.2% over the year to 39,985 - the highest for any capital city.
In Darwin new listings increased 16% to 319 listings - the biggest increase for all the capital cities.
The total number of listings in Brisbane has dropped 14% over the last 12 months, with 9.2% fewer new listings this year.
<img alt="rpdatacapitallistingsmay7one" src="/images/stories/2013/05/rpdatacapitallistingsmay7one.jpg" width="470" height="270">
<img alt="rpdatacapitallistingsmay7two" src="/images/stories/2013/05/rpdatacapitallistingsmay7two.jpg" width="470" height="202">
A new listing is one which has not been advertised for sale over the past 6 months. Total listings include new listings and properties which have been previously advertised.
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New listings in Sydney drop 9.3% over the year: RP Data

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The Housing Industry Association has released a list of 50 actions it argues would address "many of the problems" facing Australia and its building industry.
HIA national president Ron Dwyer says this year there will be 25,000 fewer homes built than a decade ago.
"The current dearth of residential building activity also reflects thousands of small business people, employees and contractors that won’t have work and millions of dollars in materials and related services that won’t be purchased," he says.
"Yet instead of recognising housing as a vital cog in the economy with significant job creation capacity, many governments continue to see it only as a cash cow that provides a stream of revenue, paradoxically limiting the capacity of the industry to grow and contribute further to the economy."
The full list of actions proposed by the HIA can be found <a href="https://australianeedsbuilding.com.au/solutions/" target="_blank">here</a>.
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HIA releases list of 50 actions to improve Australian building industry

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The expected surge of high net worth Chinese investors spending $5 million in Australia to be eligible for the signficant investor visa (SIV) has coincided with a rise in Chinese online searches for Australian property and Macquarie launching a new series of SIV funds.
Chinese international property portal Juwai.com has recorded a 61% rise in Australian residential property searches since the start of the year with property viewings up 162% over the same period.
Around 82% of Juwai.com users are from mainland China with the remainder located in Australia, South East Asia and other countries.
Direct residential property investment is not a qualifiable investment under the visa program but estate agents expect an increase in demand for prestige property in Sydney and Melbourne from successful visa applicants seeking a home in Australia.
"Chinese buyers seek out Aussie property because of Australia's stable housing market, regulatory protection and the fact that its time zone is very close,” says Andrew Taylor, Co-CEO of Juwai.com.
“East Coast Australia is only two hours different from Shanghai and Beijing, while Perth is in the same time zone as the Chinese cities.”
“Recent initiatives such as the significant investment visa have had an impact on cementing Australia as a preferred property investment destination,” he says.
The signficant investor visa opportunity is noted in the <a href="https://www.juwai.com/news27437.htm" target="_blank">news section of Juwai.com</a>.
Last weekend, the first significant investor visa was granted to a <a href="/news">Chinese toy manufacturer</a> and his family.
Immigration minister Brendan O’Connor said 170 significant visa applications have been lodged, totalling a potential of $850 million in investment.
A spokesperson for the Department of Immigration said further visa approvals would not be far off.
Macquarie has recently launched four managed investment funds aimed at signficant visa applicants. The funds require a minimum $1 million investment.
Complying significant visa investments are Commonwealth, State or Territory government bonds, ASIC-regulated regulated managed funds with a mandate for investing in Australia; and direct investment into Australian proprietary companies.
Direct property investments of $5 million are not qualifying investments, but managed funds can hold property assets.
Macquarie says in its fund information memorandum that they are “designed for investors who are applying for a Significant Investor Visa issued by the Australian Department of Immigration and Citizenship”.
Three out of the four funds hold a small weighting in listed property trusts.
Taylor also highlighted the recent convertible currency deal between Australia and China, where the Australian dollar and Yuan convert directly, which he said “will nurture Chinese buyer interest in to the future.”
China’s fifth largest bank, Bank of Communications, says it plans to allow its clients to convert the Australian dollar directly into yuan.
Australia is only the third country to have such a currency agreement with China.
Juwai.com notes ABS figures which show that the number of Chinese-born people living in Australia increased by 54% between 2006 and 2011
“The number of Chinese who settled permanently in Australia soared by 16% since 2010. The number was 17,580 in 2012, up from 15,780 in 2011 and 14,720 in 2010.
“Short-term Chinese visitors are rising even faster. They have tripled in the last decade to 630,000. Chinese tourists are now the second biggest visitor group to Australia, behind New Zealanders,” says Juwai.com.
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Chinese online searches for Australian property up 61% as Macquarie targets significant investor visa applicants

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Paying too much for residential land is one of four lessons Mirvac has learned, says new boss Susan Lloyd-Hurwitz in its strategic review.
Lloyd-Hurwitz, who joined Mirvac in <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/incoming-mirvac-ceo-susan-lloyd-hurwitz-to-start-in-november-as-board-backs-chairman-james-mackenzie/2012091156515">November last year</a>, identifies the following as residential lesssons learned by the property developer:
<ul>
<li>Overpaying for acquisitions</li>
<li>Inappropriate deal structures</li>
<li>Creating too much higher end product in shallow markets</li>
<li>Proceeding to build for reasons unrelated to market fundamentals</li>
</ul>
The four lessons learned are included in a presentation slide which show that 51% of Mirvac's master-planned community projects are impaired with 31% of projects on the "urban edge" also impaired.
Just 12% of Mirvac's apartment projects are impaired while 20% of infill master-planned communities are impaired.
Mirvac has begun construction of its latest Docklands apartment project, Yarra's Edge with 54% of the apartments sold off-the-plan.
Settlements are scheduled in 2016.
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