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

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

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

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Potts Point

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Historic Hordern House at Potts Point has been listed for sale with $6.5 million hopes.
The 1880s Victoria Street terrace house was bought by the rare book dealers Anne McCormick and Derek McDonnell for $438,000 in 1985. 
Anne McCormick has been involved in rare books, manuscripts, paintings and prints since the 1970’s first in business in Paddington. They are moving to new premises.
The freestanding terrace has a 19 wide frontage, spanning three levels over 561 square metres.
The Richardson &amp; Wrench listing agent Geoff Cox said in the marketing it was ready for adaptation to a "large, stunning and private residence with at least 4 bedrooms."
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Historic Hordern House, Potts Point listed by rare book sellers

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Powerbox Australia managing director Marc Rutty and wife Helen have emerged as the buyers of the Potts Point apartment of art patrons Lizanne and Julian Knights at $8 million in an off-market sale through Richardson &amp; Wrench.
Lizanne and Julian had bought the three bedroom, three bathroom Villard apartment from the late car dealer Ray Lintott and wife Penny for $6.17 million in 2011.
The Lintott's had paid $7.4 million for the apartment in<a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-120719781" target="_blank"> the Ercole Palazetti grand Parisian inspired building Villard</a> in 2008.
Lizanne and Julian outlaid $7.4 million last year for the Gunnis family, renovated Victorian era Italianate villa, Oakburn in nearby Elizabeth Bay.
Julian has more than 30 years' experience in the financial services industry and is the founding partner of private-equity group Ironbridge. He is on the board of the Biennale of Sydney and former chairman of the Sydney Dance Company. 
Rutty and wife Helen previously lived in Wahroonga before selling The Briars on Eastern Road late last year for $4.3 million to a Chinese family.
The home was on land subdivided off the Bonnie Brae estate that was owned by Rutty's grandfather, Sir Sydney Snow.
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firstname1-iYD4UYzvBa

Villard, Potts Point $8 million apartment sale

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New Zealand investor Brian Cook has secured the $16.3 million retail component of the new Omnia residential development in Potts Point.
The Woolworths Omnia centre comprises the 1,190sqm retail component of the new Omnia residential development, anchored by a 15-year prelease to Woolworths. 
It is directly opposite Coles and close to Harris Farms outlet.
CBRE’s Nick Willis negotiated the sale on a yield of close to 5 percent with colleagues Justin Dowers and Sharon Yang.
The Omnia sale is subject to Woolworths not exercising a final right of refusal to acquire the property where it plans a new format Metro store.
Woolworths has been operating from the Ikon basement on Macleay Street, with its future in doubt, but Woolworths is coy on giving its rivals any indication of its formal intent.
"We ensure our Metro stores are all in locations which are convenient for our customers to easily access given their busy lives and we look forward to launching in the area by 2018."
The Auckland-based investor Ben Cook has taken his Australian retail property buying spree over the past nine months to over $100 million.
The Cook Property Group also acquired the Beach House Lane retail centre on Bondi Beach for $31 million and the Bunnings warehouse in Sydney's Eastgardens for $56 million last October.
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New Woolworths Potts Point premises sold

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The Bendel family secured $520,000 for their bold and bright 1950s Potts Point studio apartment investment. 
Its colour scheme was inspired by Mighty Mouse, the animated super hero.
It was the work of industrial designer Nicholas Gurney whose Brougham Street project was shortlisted with a commendation at the Australian Interior Design Awards in 2013.
The top floor 27 sqm space, that comes with views of the city skyline and the Harbour Bridge, last traded $406,000 in June 2013.
It sold through Richardson &amp; Wrench.
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Potts Point mighty mouse studio sells at $520,000

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Established developer Roxy-Pacific has just unveiled its mixed-use project in Potts Point, The Hensley.
Located on Bayswater Road, The Henley was designed by award-wining architects Woods Bagot's, whose bold architectural statement won a design competition to create a one-of-a-kind addition to Potts Point that captures its past and present.
Behind its historic façade, the Hensley's contemporary structure drifts from brick to modern steel and glass.
The lobby mirrors the area's bohemian past, with art deco touches and herringbone floor tiling.
The eight level building has 44 north-east facing one, two and three bedroom apartments, with the higher apartments offering views extending to Rushcutters Bay and the city.
Buyers in The Hensley have the option of a dark and bold or light and bright colour scheme in their apartment.
<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/2016/05/31/Hensley%20Rooftop%20New.jpg" alt="" width="649" height="263">
As well as spacious balconies extending from the living spaces, there's a rooftop terrace with a communal kitchen garden (above).
The building will also have its own café on the ground floor.
Opening launch has been scheduled for June 4. Construction is expected to begin in August 2016 with completion proposed for December 2017.
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j.ballantyne1990-6AQqhLzZaK

 Developer Roxy-Pacific unveils mixed-use Potts Point project The Hensley

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A Macquarie Bank director has emerged as the buyer of the William Smart-designed semi, Ilari in Potts Point, that was snappily resold by Mark Ainsworth, of the Aristocrat pokie clan for a quick prize payout.
It has been bought by Michael Price who has been at Macquarie for almost three decades.
He's known as passionate supporter of the not-for-profit sector in Australia, he is chair of the social finance advisory council at Social Ventures Australia, which boosts the sustainability of organisations such as ReachOut.
Ainsworth paid for $4.6 million in April last year for <a href="https://www.propertyobserver.com.au/https://www.randw.com.au/residential-for-sale/0000281349" target="_blank">the Tusculum Street house</a> (above) which recently resold though Jason Boon and Geoff Cox of Richardson &amp; Wrench Elizabeth Bay at $5.35 million.
It followed his $7.55 million purchase of a Surry Hills warehouse residence with heart-shaped swimming pool.
The three storey Federation house was sold to Ainsworth by designer Johnson Chan, who had paid $1.9 million in 2007 buying the property with a humble Tudor facade from barrister-cum-buyers agent Chris Curtis.
Inspectees were told a further $3.5 million had been spent on its substantial rebuild by Chan with Smart Design Studio winning some 15 awards and commendations for the work, including the 2012 AIA Architecture Award for heritage and interior design.
The four-bedroom home with a steel and bronze cantilevered staircase as its centrepiece was marketed as a mix of concrete, steel, glass, stone, timber and all the expected high technology gadgetry.
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Mark Ainsworth sells Potts Point semi to Macquarie banker

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Dr Joe Pollak, of the Men's Medical Clinic, has emerged as the mystery $264,000 buyer of the record-breaking Potts Point residential car space.
Set in somewhat dated 1960s Macleay Street block, The Chimes, the price even ranked a mention in the current federal parliamentary hearing into home ownership given the clash of egos stellar auction result. 
The 62 year old Dr Pollak is an inner city property resident and investor.  
His 26 square metre car space is the longer then normal, apparently giving him the hope of tandem parking.
Specializing in the treatment of impotence since 1994, Dr Joe Pollak bills himself as one of Australia's most experienced mens' health practitioners having seen over 65,000 men.
This article was first published in the Saturday Daily Telegraph.
 
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Dr Joe Pollak buys $264,000 Potts Point car space

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The William Smart-designed semi in Potts Point, listed at $5.5 million-plus, has been sold for $4.6 million.
<a href="https://www.randw.com.au/1490419/" target="_blank">Ilari was listed</a> though Jason Boon and Geoff Cox of Richardson &amp; Wrench Elizabeth Bay.
The three storey Federation house was sold by designer Johnson Chan, who paid $1.9 million in 2007 buying the property with a humble Tudor facade from barrister-cum-buyers agent Chris Curtis.
Inspectees were told a further $3.5 million had been spent on its substantial rebuild by Smart, of Smart Design Studio, who won <a href="https://smartdesignstudio.com/projects/residential/tusculum/" target="_blank">some 15 awards and commendations </a>for the work, including the 2012 AIA Architecture Award for heritage and interior design. 
The four-bedroom home with a steel and bronze cantilevered staircase as its centrepiece was marketed as a mix of concrete, steel, glass, stone, timber and technology.
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William Smart-designed Potts Point semi sells for $4.6 million

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The Potts Point Georgian villa Rockwall House has sold for an undisclosed $10 million plus, the suburb's third-highest house price.
The 1830s-era house was designed by architect John Verge for the surveyor John Busby. Title Tattle understands it fetched $11 million.
The property developer Mirvac, who built the adjacent Rockwall apartment complex, had its restoration overseen by heritage architect Howard Tanner.
The heritage-listed villa last traded in 1999 when bought it for $2 million.
Relisted last December <a href="https://www.blacketglasgow.com.au/property/Potts%20Point/Rockwall/listing" target="_blank">through Peter Blacket of Blacket &amp; Glasgow</a>, it was offloaded by antique enthusiast Lilian Barclay-Rollason, the partner of solicitor John Rollason, who first sought to secure its sale in 2011 with $13 million hopes.
The couple married at the house on April 26 in 2008, though the title remained in her name only.
John Cameron Rollason was for a number of years a partner at Gadens and then a contractor consultant to Lane &amp; Lane from 1996.
The contents are listed for forthcoming auction through Mossgreen Auctions. 
The suburb record was set when the horse breeder Tony Peterson sold the 1870s residence Jenner House on Macleay Street (pictured below) for $15 million in 2009 to car dealer Terry Mullens. <a href="/news/jenner-house-potts-point-record-setting-trophy-home-listing">Jenner was a briefly listed last May</a> but then withdrawn from sale.
<img src="/images/2014/04/17/1.jpg" alt="">
Last year <a href="/news/nsw/bomera-the-potts-point-italianate-sandstone-beauty-sells">Bomera on the lower end of Wylde Street</a> fetched $12.5 million after it was restored by Jorge and Monica Fernandez who'd bought it from the Department of Defence.
<a href="/news/nsw/sandstone-potts-point-1858-italianate-trophy-mansion-bomera-relisted">Bomera</a> (pictured below), initially listed with $25 million hopes, was bought by Leanne Catelan, a daughter of late property date entrepreneur Ray Catelan.
<img src="/images/stories/flexicontent/l_bomeraflicker.jpg" alt="Sandstone Potts Point 1858 Italianate trophy mansion Bomera relisted">
Freestanding villas in Potts Point are few and far between with the next most expensive residential offerings being terraces along Challis Avenue, with retail/commercial potential, with two sales at over $5 million.
Rockwall, the 1830s Regency-style house was designed for John Busby, of Busby's Bore fame, the Scottish engineer tasked with finding a supply of fresh water for the city, after the Tank Stream became too polluted.
Busby was among the favoured few who received a Woolloomooloo Hill land grant from Governor Darling in 1828.
These private residences were required to meet Darling's imposing villa vision.
Title Tattle reckons only five of the first 17 villas still stand, including two other restored Verge designs, Elizabeth Bay House and Tusculum.
After Busby found himself in financial trouble, Verge amended the plans in 1835 for Belltrees grazier Hamilton Sempill.
But Sempill, too, hit difficulties during the 1840s and quit the colony for Scotland.
The four-bedroom, four-bathroom villa, featured in an 1840 watercolour in the State Library of NSW.
The three-level Rockwall Crescent residence, which was heritage listed in 1979, was in a neglected state for decades when part of the idle Chevron development site.
It received a $1.7 million 1990s Howard Tanner restoration when developer Mirvac built the adjoining Rockwall apartment block.
It now sits on 1,349 square metres, down from 3.2 hectares.
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Regency-style Rockwall House, Potts Point finally sells

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Gav and Waz, one of the competing couples in the first series of Channel Nine’s The Block back in 2003, are coming back to the city from the Byron Bay hinterland.
Title Tattle gleans they have spent about $2.25 million on a poolside Potts Point apartment.
It had to be ground floor garden given their dog, Charlie is a priority. The Richardson and Wrench agent Jason Boon showed them the ground-floor apartment in Rockwall Gardens, which was then sold by the architect Deece Giles.The Jack Russell had apparently been in residence round the corner at the Diamant Hotel since they all left the 23 hectare farm.
The Designer Boys <a href="/news/nsw/designer-boys-gav-and-waz-list-charltons-their-byron-bay-hinterland-retreat-at-3-1-million-plus">recently sold Charltons</a>, through Nicolette van Wijngaarden at Unique Estates for $3 million to the Garnham family of Watsons Bay. It was a 120 year old farmhouse on a hillside block (pictured above), which they bought in 2007 for $610,000.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">
Meanwhile Dan Reilly and Dani Wales have secured $429,500 for their one-bedroom Ark, Richmond apartment which they moved into while debuting on The Block in 2012 renovating terraces in South Melbourne.
The reality TV celebrity couple - with the twitter handle <a href="https://twitter.com/DaniandDan" target="_blank">@DaniandDan</a> - had it listed through <a href="https://www.realestate.com.au/property-apartment-vic-richmond-115965119" target="_blank">Justine Harris of Hocking Stuart</a> with a $439,000 asking price.
They paid $420,000 off the plan in late 2010, settling in late 2011, just before they moved into the derelict Cameron Street, Richmond Block set.
Melbourne unit prices have recently come in at a $448,000 median, according to the latest RP Data-Rismark index with prices up 8.9% across Melbourne just in the past year. The RP Data median unit price in 2011 was around $424,000.
Designed by Fender Katsalidis Architects, the 114/253 Bridge Road apartment has open-plan living and dining along with an outdoor entertaining area.
<img src="/images/2014/04/04/richmond%20april%203%20one.jpg" alt="">
The current <a href="/news">Richmond</a> median unit price is around $522,500, up 3% over the past year. <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/UrlBlockedError.aspx" target="_blank">There was a $525,000 median peak in 2011</a>.
Dani Wales runs the online magazine <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/redir.aspx?C=Zypvoq-Ft0-Zo--uD2WkVVUBMIcZI9EIgvcF3B5QsaRmMoZQ3xffbBvdZwi7mrZ-nA6Kk5sm-Ps.&amp;URL=http%3a%2f%2fthehome-journal.com%2f" target="_blank">The Home Journal</a>.
Dan Reilly works as a carpenter while studying to be a builder.
They bought a 114-year-old property in Seddon <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/UrlBlockedError.aspx" target="_blank" title="UrlBlockedError.aspx
Cmd+Click to follow link">in May last year</a> which needs renovating. It was secured for around $460,000 which was less than its previous $480,000 purchase in 2009.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34">The filming of the next Block series in <a href="/news">Prahran</a> has begun. Title Tattle gleans there's a mystery former professional sports star among the contestants who are installing apartments in <a href="/news/the-block-shifting-to-high-street-prahran-after-objectors-fail-to-lodge-vcat-appeal">a former High Street office complex</a>.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34">An apartment that took second place in the 2004 series of The Block goes to auction this month in <a href="/news">Manly</a>. It is the second time the two-bedroom pad in Manly has traded since it sold for $872,000 in front of the cameras on behalf of renovators Jason and Kirsten Johnson. Title Tattle recalls all four of the Whistler Street units sold after renovation for silly prices.
This apartment last sold at $882,000 in 2008, so it went up $10,000 in the first four years following its renovation. 
It's now a decade later and Chris Boys, director of strategy and solutions at Dun and Bradstreet, has hopes of more than $1 million. That's around 2% growth over the past six years. 
The Whistler Street block of four was the location for the second series of the popular TV show, won by Andrew Rochford and Jamie Nicholson. Now coming with updated finishes, the garden apartment goes to auction on April 12 through Jason Pantzer, of Philips Pantzer Donnelley.
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