<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Sydney

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The property developer Crown Group launches Sydney by Crown this Saturday, 22 November.   The new $250-million tower will be built <a href="https://sydneybycrown.com.au" target="_blank">at 161 Clarence Street</a> in the Sydney CBD.
There will be same-day launch events in Sydney, Jakarta and Singapore for apartments in the 220-apartment tower overseen by Crown Group director of sales and marketing Adam Sparkes.
Designed by Koichi Takada Architects, the 25-storey building will feature heritage-inspired lower levels transitioning to a modern glass-and-steel tower, capped with dozens of steel arches.
These are a reference to the iconic Sydney Harbour Bridge and Sydney Opera House, forming a striking addition to Sydney’s skyline, Crown Group CEO Iwan Sunito told Property Observer.
Sydney by Crown will also be home to a collection of Crown Suites serviced apartments which draws on Crown Group’s 18 years’ experience.
Crown Group was flooded with enquiries after Sydney by Crown registrations of interest opened earlier this year.
The apartment sizes (approx) are:
Studio 44-55sqm  1 bedroom Plus study 50-59sqm  2 bedroom 64-76sqm  2 bedroom Plus study 82-89sqm  3 bedroom 94-104sqm  Penthouse 120- 130sqm   Founded in Sydney in 1996, Crown Group has completed major developments in Sydney’s locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes.
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jchancellor-FAypfDUnLy

Steel arches atop Sydney by Crown as Koichi Takada takes inspiration from Sydney icons

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Some of the world's best urban planners, academics and policy makers are in Sydney to discuss the future of Sydney's Bays Precinct with community representatives.
The public land on Sydney's inner harbour is four times as large as Barangaroo.
Among the experts in attendance is Dutch urban planner Riek Bakker, who told the summit today that trust was central to the development of any city.
<a href="https://www.propertyobserver.com.au/https://twitter.com/emfarrelly/status/535220408841437187" target="_blank"><img src="/images/2014/11/20/tweet-nov-20-one.jpg" alt=""></a>
Her comments, noted by writer and architecture critic Elizabeth Farrelly, were made two days after State Treasurer Andrew Constance said 16,000 dwellings were expected for the site.
The government has since backed away Constance's statement, with Planning Minister Pru Goward saying the government never set a 16,000-residence target.
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jrichardson-uRX5hFdKfN

Tweet of the day: Riek Bakker at the Bays Precinct International Summit

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GUEST OBSERVATION
It’s interesting that we’re waiting to see what’s in store for 2015. But it’s us – the buyers, sellers and onlookers – whose behaviour moves our market. In the cycle of Sydney property, it goes something like this…
<ol>
<li>
Street level: The buyers/sellers on the front line, listing, inspecting, bidding and exchanging. 
</li>
<li>
Data reporting: Street level activity is distilled into bite-sized graphs and reports. 
</li>
<li>
Headlines: Data reporting drives what we hear in the media, whether relevant or not. Headlines are formed, as sensationalism fuels speculation. 
</li>
<li>
Fear and optimism: Speculation shifts confidence, and new outlooks and expectations are formed. 
</li>
<li>
Repeat: These expectations change buyer/seller behaviour, and the cycle continues.
</li>
</ol>
In a market sustained with consumer confidence, what is this love of data-cherry-picking actually telling us? Watching at street level cuts out that speculation, providing a better sense of where the market is going.
<div class="aspectRatioPlaceholder is-locked"><img class="graf-image" src="https://d262ilb51hltx0.cloudfront.net/max/1400/1*b9pK2cwYhBhOHIS_Wur3SQ.jpeg" data-image-id="1*b9pK2cwYhBhOHIS_Wur3SQ.jpeg" data-width="2835" data-height="1890" data-action="zoom" data-action-value="1*b9pK2cwYhBhOHIS_Wur3SQ.jpeg"></div>
17 Bridge Road, Glebe  (pictured above)  sold for $950,000, showing inner-city terraces can still be found for under $1 million.
Yet we wait on reports with anticipation. Take clearance rates, we thrive on those.
If they’re above 80% it’s a boom. The minute they dip below we’re destined for gloom. A recent report cited the Sydney clearance rate as below 80% for the first time in nine weeks. But that new figure was 79.3%. The angle was, ‘the end of boom time’.
Perhaps pricing simply outpaced buyers that weekend. Of course, that’s not sexy as a headline.
<div class="aspectRatioPlaceholder is-locked"><img class="graf-image" src="https://d262ilb51hltx0.cloudfront.net/max/1400/1*ya6qXIOdQjlGZUUjKw_jAg.jpeg" data-image-id="1*ya6qXIOdQjlGZUUjKw_jAg.jpeg" data-width="2835" data-height="1890" data-action="zoom" data-action-value="1*ya6qXIOdQjlGZUUjKw_jAg.jpeg"></div>
56 Fitzroy Street, Surry Hills  (pictured above)  sold for $2.6 million, it was one of a string of properties that showed high activity in this luxury price point.
Consider how we found ourselves in this ‘boom’. Demand is what drove the initial heat. We saw value and started buying up. Buyer-enthusiasm outpaced seller-expectations, leading to price increases, rising clearance rates, and juicy headlines.
Vendor hopes skyrocketed with every new headline and they began setting a new level of pricing with their exuberance. Momentum continued while buyers saw value and were happy to accept these new prices as the norm.
Of course, in any upswing, buyers will inevitably reach a point when they say ‘no’. They won’t pay 10%-more-than-next-door forever.
That’s perfect for ‘slower market’ headlines, ‘fewer buyers at auction’ and ‘clearance rates drop’. Then, confidence will shift again.
It’s not always impending doom. The buyers are still there. They wait to identify value each time our market gets overexcited. We often ignore this logic and the fact the market is subtler than reports suggest.
<div class="aspectRatioPlaceholder is-locked"><img class="graf-image" src="https://d262ilb51hltx0.cloudfront.net/max/1400/1*sNG0OP0Z8kTiqz5R69S_ww.jpeg" data-image-id="1*sNG0OP0Z8kTiqz5R69S_ww.jpeg" data-width="3543" data-height="2362" data-action="zoom" data-action-value="1*sNG0OP0Z8kTiqz5R69S_ww.jpeg"></div>
311/1 Marian Street, Redfern (pictured above) sold for $905,000, it’s tipping into that million-dollar-apartment category that is hotly contested.
And let’s not forget our micro market<a class="markup--anchor markup--p-anchor" href="https://medium.com/@BresicWhitneyEA/uncovering-sydneys-micro-markets-d35f2ee3325a" style="line-height: 1.3em;" data-href="https://medium.com/@BresicWhitneyEA/uncovering-sydneys-micro-markets-d35f2ee3325a">s</a>. In certain sub-markets of Sydney real estate, prices outpaced buying long ago. Some executive residences in the Eastern Suburbs have wavered while plenty of entry-level houses in, say, the Inner West continue to rally strongly.
Bystanders will claim to have all the answers in 2015. But if buyers and sellers are shifting markets with their behaviour and sentiment, watching at street level keeps us one step ahead as we look for value and see what’s really happening.
The best buying and selling will still come from players who immerse themselves in their favoured pocket of the market.
<a href="https://www.bresicwhitney.com.au/" target="_blank">BresicWhitney</a> is a boutique real estate group founded in Darlinghurst in 2003.
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po-LsXgBTHBmX

How to stay ahead of the pack next year in Sydney's market

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A retail store in Sydney’s newest economic precinct, The Quay, has been sold for $2.95 million to a Hong Kong investor.
Shop 7, at 61 to 79 Quay Street is 82 square metres and is located near Central Station, Darling Harbour and Chinatown. It is currently being leased by the Chinese noodle bar- Two Sticks, on a new five year lease with two five year options. Two Sticks became popular in Sydney after opening a store in George Street earlier in the year.
The space will receive $180,000 per annum in gross rental income and comes with a fixed four percent annual increase. 
The property was sold by Andy Hu of Knight Frank, on behalf of Connoisseur Investment. Hu said properties such as these are rarely put on the market.
"We have seen a large number of offshore investors especially from Hong Kong, actively searching for quality prime strata retail investment opportunities and the investment yield has tightened further due to limited supply on the market," Hu says. 
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owisniewski-RiYLqnXfKH

Hong Kong investor snaps up retail store in Sydney's The Quay

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Shimao Property, controlled by billionaire Hui Wing Mau, has bought 175 Liverpool Street in Sydney’s CBD.
<a href="https://rca.joneslanglasalle.com.au/property-offices-nsw-sydney-501232079" target="_blank">It sold through JLL</a> for around $390 million by the Singapore’s GIC Real Estate that paid $230 million in 2005.
The newly refurbished A-Grade office building totalling 48,890 square metres of NLA is occupied by Telstra, state and federal government tenants.
GIC, the sovereign wealth fund of Singapore, owns about $4 billion worth of real estate in Australia, including Sydney's Chifley Tower and Queen Victoria Building.
The Chinese-born Hui Wing Mau is a BRW Rich Lister and was ranked by Forbes as China’s 12th richest person, worth around $6.35 billion.
He is a member of the Chinese People’s Political Consultative Conference. 
Shimao Holdings, which is listed on the Hong Kong stock exchange, holds 112 developing projects in 42 cities.  
Its holdings include hotel projects such as the $548 million InterContinental Shimao Hotel in Shanghai.
Following the completion of InterContinental Shimao Shanghai Wonderland (Groundscraper Hotel) in Shanghai, a hotel situated at the lowest altitude in the world, Shimao Property announced its “Hotel on the Cliff” project in Jiangyin. 
The group generates its turnover primarily from property development, property investment and hotel operations.
As at 30 June 2014, turnover of the group reached RMB 23.68 billion (A$4.4 billion), grew by 42.0% when compared to RMB 16.68 billion (A$3,14 billion) for the corresponding period in 2013.
During the period, revenue from property sales amounted to RMB 22.61 billion, accounting for 95.5% of the total revenue and representing an increase of 44.1% over the corresponding period in 2013.
The average recognised selling price increased by 4.2% to RMB 11,518 (A$2,166) per square metre in the first half of 2014, from RMB 11,059 (A$2,080) per square metre for the corresponding period in 2013. 
Notwithstanding the Chinese residential market remains sluggish in the first half of the year, the group posted contracted sales of RMB 8.07 (A$1.51 billion) billion in June, which was a record high for monthly sales since the inception of Shimao Property.
It was also the fourth month in which the group had registered consecutive sales growth, after it had posted monthly sales of more than RMB 6 billion (A$1.13) from March to May inclusive. 
Building on its strategic positioning, established in 2013, as a “Pioneer in Urban Evolution” and a “Lifestyle Service Provider”, Shimao Property launched branding campaigns across the country this year.  
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Singaporeans sell Hyde Park, Sydney office to Hui Wing Mau's Shimao Property

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A fire damaged St Peters home will be auctioned this weekend.
The house at <a href="https://www.realestate.com.au/property-house-nsw-st+peters-118283099" target="_blank">81 Frederick Street, St Peters</a> exhibits significant burns, with soot blackening the interiors and façade. Photos above show one room completely ruined, with a collapsed ceiling.
Selling agents Santos Sulfaro and Frank Sulfaro of Richardson &amp; Wrench Leichhardt are expecting the home will attract around $650,000 when auctioned on Saturday morning by Damien Cooley.
The three bedroom, one bathroom house is being marketed as a blank canvas with renovation or development potential – albeit rather dramatically, as seen in the video titled Fire Sale below.
{qtube vid:=EFF3Cojzuw0}
The owner is reportedly a former IT worker who isn't able to claim insurance for the fire after allegations it was deliberately lit by an unidentified occupant who faces court next week, according to <a href="https://news.domain.com.au/domain/real-estate-news/firedamaged-st-peters-house-listed-for-650000-20141029-11cyz6" target="_blank">Domain</a>. He paid $290,000 for the freestanding brick house in 1998.
Police confirmed to media a 55 year old man was due to appear in court on 1 December, facing charges of contravening an apprehended violence order and damaging a property by fire.
 <img src="/images/2014/11/19/306.JPG" alt="">
Above: The home in healthier condition, 2004.
According to the listing, despite "dramatic fire damage" to the hallway and one bedroom, the other areas are mostly only affected by soot.
The house, on 195 square metres, has a recently renovated bathroom, metal press ceilings, timber floors and tessellated tiles. Its $650,000 guidance prices it well below its neighbours – the median price of <a href="/news">St Peters </a>house in October was $1,212,000, according to RP Data. Last week, an unrenovated three bedroom brick home in St Peters <a href="https://www.realestate.com.au/property-house-nsw-st+peters-118222391" target="_blank">sold for $800,000</a>.
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Catching fire: St Peters’ burnt offering

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A four-bedroom Waverton house with extensive harbour views has been sold having been expected to sell for over $5.5 million.
The property at 9 Balls Head Road had no sale price disclosure, but Property Observer gleans more than $5.7 million was secured.
It features built-in wardrobes, an elevator, intercom, butler’s kitchen and home theatre.
It has views spanning from Berrys Bay to Walsh Bay and of the city skyline from the 750 square metre block.
<a href="https://www.mcgrath.com.au/buy/house-waverton-nsw-2060/235432/?searchID=44543373" target="_blank">The selling agent David Howe of McGrath Northbridge </a>said that the family home had been renovated two years ago.
It attracted high interest from foreign buyers.
The property last sold in 2008 for $2.7 million.
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Waverton trophy home sale at around $5.7 million

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The injured Australian cricket captain Michael Clarke has reduced the price expectations on his Lilli Pilli house, having missed Sydney's property market resurgence.
There was $2.7 million plus price guidance for its August McGrath auction - which is less than his 2006 purchase price of $2.87 million.
The pricing came despite its post-2006 renovation.
Back in 2009, Clarke thought of quitting the Sutherland Shire but failed to achieve his then $3.4 million hopes.
Now, some two months after auction, <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">there are $2.4 million plus expectations</a> for <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">t</a>he contemporary five-bedroom, four-bathroom split-level house that comes with pool, spa and boat shed on its 1,670 square metre bushland riverfront block.
Earlier this year Clarke and wife, Kyly spent $8.3 million in Vaucluse.
Clarke is currently in a race to prove his fitness for the upcoming test series against India, having succumbed to his third hamstring injury this year.
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Michael Clarke lowers price for redundant Sutherland Shire home

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Sydney is going to remain a seller’s market for some time yet, according to estate agent John McGrath.
He said it was surprising to see media reports describing the Sydney property market changing to favour buyers.
"We are still very much in a sellers’ market because buyer demand is so far in front of supply, even with the additional stock coming onto the market today," he blogged on the <a href="https://www.switzer.com.au/the-experts/john-mcgrath-property-expert/its-still-a-sellers-market/" target="_blank">Switzer website</a>.
"The fact that the clearance rate on the second weekend of November dipped to 75% in Sydney does not indicate a change in market sentiment – it’s just a reflection of a big jump in volume and that’s only happening because vendors are feeling supremely confident, not because they’re panicking." 
As the property cycle was only two years old – and typically last three to five years - he maintains Sydney was still on a long-term growth trajectory. 
"There is still room over the next couple of years for another 5 to 10% growth in prices in key high quality Sydney markets."
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Sydney is still a sellers' market: John McGrath

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The weekend's cheapest Sydney sale was a two bedroom $273,000 Rosemeadow villa.
It last sold at $172,000 in 2008, reflecting 8% annual growth.
It was available for rent at $275 a week on its 2008 sale.
<a href="https://www.realestate.com.au/property-villa-nsw-rosemeadow-118186883" target="_blank">The 4/52 Julius Road sale</a> was through Richardson &amp; Wrench Campbelltown agent Russell Wyer. 
RP Data gives the suburb's median house price as a record $375,000 and a record $320,000 for the median unit price.
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