<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

<main data-perf-region="main">
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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Parramatta’s light rail route options have been reduced from a list of 10 to just the four options which will be of interest to property investors.
<a href="https://www.transport.nsw.gov.au/media-releases/four-western-sydney-corridors-shortlisted-parramatta-light-rail" target="_blank">The service</a> will run to either Macquarie Park via ­Carlingford, or from Castle Hill via Old Northern Road, from Bankstown, or Sydney Olympic Park and ­Strathfield-Burwood.
The list of 10 potential routes was announced in June.
It will be further shortened following planning studies to determine the most suitable route.
These four corridors will now be subject to detailed engineering, transport planning and customer analysis, to establish which represents the best option for light rail in the region.
The NSW Transport Minister Gladys Berejiklian and Member for Parramatta Geoff Lee announced the four options on Monday.
Photo: Transport NSW.
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jchancellor-FAypfDUnLy

Parramatta light rail options down to four routes

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The cheapest Sydney home sold at auction this weekend was a $320,000 Maroubra studio apartment, according to Australian Property Monitors.
The 25 square metre corner apartment at <a href="https://www.propertyobserver.com.au/https://liberty.net.au/property/details/418" target="_blank">54/20 Maroubra Road</a> is a far cry ($4.68 million) from the <a href="/expert-insights/buying/darlinghurst-apartment-sells-prior-to-auction-for-5-million">Darlinghurst apartment sold late last week</a>.
It was sold partially furnished by Marc Fitzpatrick and James Larger of Liberty. The listing information describes it as having an "open plan living space, with enough room for a living area, dining area and separate bedding area".
The apartment includes a car space.
According to its listing, tenants were applying to rent the apartment at $370 a week, reflecting a 6% yield. The apartment was sold without tenants.
The sales value of the apartment has increased by $140,000 in the past six years – it was purchased by the vendors in 2008 for $180,000. In the six years prior to 2008, its value increased by just $13,000; it was sold in May 2002 for $157,000.
RP Data recorded the median price of a unit in <a href="/news">Maroubra</a>, 10 kilometres south-east of Sydney, at $727,500 in September.
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jrichardson-uRX5hFdKfN

Maroubra apartment trades at 6% yield, weekend's cheapest Sydney auction sale

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A three bedroom Sydney apartment was sold prior to auction on Thursday night for $5 million.
The price bested all of Sydney's weekend auctions results, according to Australian Property Monitors.
The north-east corner apartment on the 16th floor of the Residence secured $5 million for the vendors. It offers panoramic views over the CBD, Hyde Park and the harbour.
Each of the three bedrooms in the 204 square metre apartment includes walk in robes, while two have attached marble en suites. The living area features a gas fireplace and limestone underfloor heating.
There is also a private sheltered BBQ terrace.
The apartment was auctioned by Simon Polito of Laing Real Estate, who is somewhat of a Residence specialist, having marketed apartments in the building since the off the plan stage, five years ago.
It was purchased by an Australian resident, who can expect to pay $5,236 per quarter in levies. The Residence offers a gym, indoor pool, common lounge and temperature controlled wine room.
The $5 million apartment isn't the most expensive in the complex, which has recently seen $5.7 million sales.
The vendor of apartment 71 purchased it for $4.8 million in November 2012.
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Darlinghurst apartment sells prior to auction for $5 million

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A Potts Point one-bedroom bolt hole fetched $684,000 at weekend auction.
The <a href="https://www.mcgrath.com.au/buy/apartment-potts-point-nsw-2011/232659/?searchID=43770266" target="_blank" style="line-height: 1.3em;">one-bedder in the Gemini building</a> last traded in 2007 at $405,000 when bought by the property developer Peter Gaunt and his partner, vet Dr Kevin Foster.
39/40 Victoria Street sold through McGrath agents Richard Bonouvrie and Laura Bitar who were quoting upwards of $550,000. It is a one bedroom, one bathroom third floor unit without car space.
The price represented $18,000 a square metre for the 38 square metre apartment with city views. It is among the late 1960s modernism style apartment blocks designed by Harry Seidler. The twin seven-storey Gemini apartment complex comes with rooftop pool.
It was up for rent recently with its asking rent falling from $650 a week to $580 a week over the month it was advertised.
Its sale at the last asking rent would reflect 4.4% yield. The building's highest prior sale was $560,000 last November which was put up for rent at $590 a week which eased to $570 a week earlier this year.
<img src="/images/2014/10/24/potts-point-oct-24-floor.jpg" alt="">
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The 38 square metre Potts Point, Sydney unit that fetched $684,000

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The Point Piper Edwardian-era mansion of former liquor baron John Piven-Large has finally sold, the sixth Point Piper to sell since June at $30 million or more.
The price remains undisclosed but considered to be $30 million after Chinese buyer interest.
The four-bedroom residence with with a one-bedroom self-contained apartment sits on a tidal beach.
It had initial hopes of $40 million when Property Observer reported its<a href="/news/john-piven-large-seeks-to-push-through-point-piper-prestige-property-sales-paralysis-title-tattle"> November 2012 off-market offering</a>. There has since been a string of estate agents who failed to secure the ambitious price guidance revisions.
The restored mansion last traded as a duplex in 1991, when Piven-Large paid $2.2 million for one  and $1.3 million for the other.
It was listed following Piven-Large's $15 million purchase of the Pomeroy, Potts Point penthouse of billionaire property developer Bob Ell.
Piven-Large sold his stake in Cellarmasters to Foster's Brewing Group in 1997 in a deal worth around $160 million.
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John Piven-Large secures Point Piper's latest $30 million trophy home sale

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Guest OBSERVATION
It might sound quite bizarre discussing areas that have not been good to existing property owners in Sydney. The general consensus is that all areas have done very well in the Sydney property boom.
That however is not the reality.
The facts are there have been large regions in the Sydney housing market that have significantly underperformed compared to the average Sydney-wide recovery that has taken place since late 2012. 
I have picked three full regions showing clear evidence of underperformance against the wider Sydney average. That doesn't mean prices have not risen in these areas. All areas have risen but some have done a lot worse for their property owners and put them behind the rest of the pack.
Here are three of the worst:
Sydney's Northern Beaches
<ul>
<li>Sydney total house price change in last three years: 23.1%</li>
<li>Northern Beaches' total house price change in last three years: 17.5%</li>
</ul>
Effectively, anything north of Manly and the further up the beaches you go, the flatter the recovery it’s been.
Suburbs such as <a href="/news">Curl Curl</a>, <a href="/news">Newport</a>, <a href="/news">Bayview</a>, <a href="/news">Avalon </a>and others have all been rising below the average. It’s a strange turn of events in that in much of the 1990s the Northern Beaches was almost the leader of the pack. So why is this happening?
Of course, many residents love the northern beaches. Many locals deem it “God’s country” and truly, the region does have some of the best beaches in the world.
That’s great for living but the real problem lies in the infrastructure. When it can take up to and hour and a half to drive to work that is just too much for most people. There has not been a major piece of decent road infrastructure for decades and yet the population has continued to build up.
Each morning those taking either the Pittwater Road or Wakehurst Parkway know exactly what I am talking about. Until such time there are underpasses, tunnels and a fix for the spit bridge (which should ultimately be a second harbour tunnel) this area is likely to underperform for the long-term.
Let’s not even talk about the rail line for there isn't one and we are unlikely to see one in our lifetimes!
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
The Lower North Shore
<ul>
<li>The Lower North Shore total house price change in the last three years: -8.5%</li>
</ul>
One of the most affluent regions in Sydney and generally has not been the best property performer for its existing owners. Over the course of the last three years, prices have actually fallen. 
Now to be fair the falls took place over the course of 2011 where this market fell by over 15%. But even in the recovery period, the market has not done much. 
I put this down to many areas in the lower North Shore being too expensive. When house prices get above $2 million, the number of buyers that can afford such prices narrow up very quickly and investors (which this overall recovery has been driven upon), are virtually non-existent.  
I've seen this in other areas around Sydney in that real estate priced above the $2 million market has been underperforming. <a href="/news">Strathfield </a>comes to mind as one example where, in a sea of surging prices, that suburb has seen underperformance for properties prices over $2 million.  
The reality is the majority of free standing homes in the lower north shore are priced at or above the $2 million mark and this is the primary reason why this region has seriously underperformed.
Eastern Suburbs
<ul>
<li>Easters suburbs' total house price change in the last three years: 9.5%</li>
</ul>
Similar to the Lower North Shore, the market corrected back in 2011 by over 20%, and similar to the North Shore and other locations, it was the prestige end of the market that fell the most in that period and has underperformed the most in the current upswing.
Yes, property investors who have purchase or hold real estate valued under $2 million have experienced very good performance in line and above the Sydney wide average.
The one clear trend in all this is that anything where buyers are having to folk out $2 million plus for a house is largely being rejected. Quite simply it’s just too much debt, plus investors do not like to operate at these levels. Prestige property is simply not an efficient investment at these levels. Stamp duty is higher proportionately and in absolute terms; land tax is in play and also rises proportionately the higher the land value; rental yields tend to be lower and vacancy rates tend to be higher.
I also believe most Sydney families are still seeking a house with a backyard for the kids and quite frankly most prices for free standing homes in the inner ring are way out of the reach for most families including upper income earners and its been that way for a long time now. Instead families are looking to the middle ring and outer rings of Sydney and strangely that is where the price gains have been the greatest.
Consider the following charts for the Upper North Shore, Sydney’s West and Liverpool (click charts to open in new window). <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=04eebca90b&amp;e=0aab96dc54"></a>
<a href="/images/2014/10/22/sqm-oct-22-one.jpg" target="_blank"><img src="/images/2014/10/22/sqm-oct-22-one.jpg" alt=""></a>
<a href="/images/2014/10/22/sqm-oct-22-two.jpg"><img src="/images/2014/10/22/sqm-oct-22-two.jpg" alt=""></a>
<a href="/images/2014/10/22/sqm-oct-22-three.jpg" target="_blank"><img src="/images/2014/10/22/sqm-oct-22-three.jpg" alt=""></a>
It is no coincidence here that we have seen transport and infrastructure improvements in three of these regions, plus real estate is more affordable.
The interesting part in all this is that the price gap between affluent and affordable real estate in Sydney has narrowed up.  There is no question about this.
I think too that for those who do have budgets up to $1.7 to $1.9 million, they should consider taking a look at the real estate that is just above the $2 million mark, for there may well be some large quality differences for not that much just a few extra purse strings. 
Louis Christopher is the director and founder of independent property advisory and forecasting research house <a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a>.
SQM Research provides property related advice, research and data to financial institutions, property developers and real estate investors.
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louischristopher-TWpYcZDLBK

Not all Sydney areas are booming: The city's three worst performing regions

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The designer Ken Done has sold his Queen Street, Woollahra, retail property. It fetched $2.25 million.
The building was last traded through McGrath estate agent, James Dack, who secured $900,000 in 1991 from Done who intended it to be used as a residence and gallery.
The property, 6.1 metre wide by 30.3 metres deep, was also sold in 1985 for $200,000.
Back in 1992 Ken Done lost Land and Environment Court proceedings having bought the building without expecting the council to get tough about its permissible uses.
He didn't have the Woollahra Council permission to set it up as a commercial gallery for what was his most expensive, and less "tourist related", art.
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Designer Ken Done sells Queen Street, Woollahra retail shop

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With a $10 million Vaucluse vendor bid, and a $3.45 million Paddington vendor bid, Sydney’s most expensive residence to sell at auction on the weekend was a chic contemporary residence in Sydney’s southern suburb of Sans Souci for $3.125 million.
The ultra-modern 2012-built five-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-sans+souci-117929327" target="_blank">78 The Promenade</a>, with views over Kogarah Bay, sold through McGrath South Hurstville, according to APM.
The house has a three-car garage, wine cellar, an atrium with high ceilings and marble bathrooms. The land area is 638 square metres and includes a swimming pool and spa.
Statistics compiled by RP Data shows that the sale is well above the median house price for the suburb, which was $1.306 million in September this year. For the same month in 2013 the median house price was $1.1 million. In the past 12 months, capital growth for the seaside suburb that flanks Sydney’s historic Botany Bay was 30% for 2013, a dramatic improvement on the negative growth that the area experienced for the previous two years.
The Promenade has had a recent spate of multi-million dollar sales with a four-bedroom house on 828 square metres of land at 75 The Promenade selling for $2.55 million last month while a five bedroom house on 588 square metre at 140 The Promenade sold for $2.35 million in August.
APM reported the Sydney weekend home auction market bounced back at the weekend recording a clearance rate of 81.1% despite over 700 properties going under the hammer.
Last weekend the clearance rate dipped below 80% for the first time in two months as the highest number of auctions since May weighed down buyer activity. 
"High auction numbers were however no impediment to the market on Saturday as the record breaking spring selling season regathered its energy," APM senior economist Dr Andrew Wilson said.
Despite the revival in the clearance rate at the weekend, the underlying trend has weakened over the past month.
"It is definitely still a sellers’ market," Wilson suggested.
 Sydney’s four-weekend average clearance rate now stands at 81.3% compared to 83.0% over the previous four-weekend period.
Sydney’s south took over from the usual leader the inner west as the best suburban region performer at the weekend with an exceptional clearance rate of 90.6% reflecting 87 sales from 90 listings. 
Next best was the city and east with 85.1% closely followed by the north west with 85%, the upper north shore 83.3%, the central coast 81.8%, the northern beaches 81.5% and Canterbury Bankstown 80.6%. 
The inner west however recorded its lowest clearance rate for the spring with a 76.5 percent result.
It was the Vaucluse home of Telenet chief John Porter and his wife Susan Mougey that was passed in on a $10 million vendor bid.
Designed by architect Tom Rivard, the <a href="https://www.mcgrath.com.au/buy/house-vaucluse-nsw-2030/228666/?searchID=43654460" target="_blank">four-storey residence</a> sits in Will Dangar-designed gardens.
It last traded in 2006 for $7.17 million then rebuilt in 2009.
Following the family's move to Belgium last year, it was listed for in excess of $11 million.
The Paddington terrace <a href="https://www.mcgrath.com.au/buy/house-paddington-nsw-2021/228142/?searchID=43654417" target="_blank">was passed in on a $3.45 million vendor bid</a>. The Paddington Street property was marketed as one of the suburb's largest four level terraces.
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Vaucluse and Paddington passed in so Sans Souci the dearest sold in Sydney

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Sydney’s cheapest sale at auction over the weekend was $265,000 for a studio in the inner city Newtown.
The 26 square metre studio at 216/88 King Street, which is the main road cutting through the area that is flanked by Sydney University, sold through Agency by Glenn Regan according to APM.
The unit is on the second level of Georgina Apartments and is rented for $330 a week, reflecting a yield of 6.4% for an investor. The median asking rent for Newtown according to RP Data is $450 a week 
The studio, which is in a building with a swimming pool, intercom and an lift, last traded in 2007 for $205,000.
According to RP Data the median price paid for a unit in the hip area is $535,250 of the 100 units sold in the past 12 months.
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Newtown rental sells at 6.4% yield as Sydney weekend's cheapest sale

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The InterContinental Hotel is getting ready to fling open the elegant entry of its newest Australian operation in Double Bay.
Having languished as the boarded up Ritz Carlton Hotel-turned-Stamford Plaza since closing in 2009, the new property may put some pizazz into the sluggish centre.
During its golden days, the hotel was a hotspot for visiting royalty such as Princess Diana, Madonna, Sir Elton John and former President of the USA Bill Clinton. 
It was also where pop icon Michael Hutchence died in 1997, after a night in the bar.
Next month it will open as the <a href="https://www.ihg.com/intercontinental/hotels/gb/en/sydney/sydic/hoteldetail?cm_mmc=OSMAE-IC2-MEA-EN-visitaustralasia_vanity" target="_blank">InterContinental Double Bay</a> following a $25 million renovation and aim to resume its post as Sydney’s most glamorous inn with 140-rooms and a chic rooftop pool with curtained cabanas. 
Architectural firm Bates Smart has overhauled the mock-European-styled structure.
The Cross Street property was bought in 2013 for $57 million by Singaporean funded group Royal Hotels Australia. It had previously sold to the Valad Property Group for $81.5 in 2008. It will be Royal Hotels’ fifth in Australia.
The new operation will sleep 360 people when full, have a late night gin bar, a restaurant and Sydney’s only fully separate Kosher kitchen in a hotel of this standard. Michelin-starred French chef Julien Pouteau will head the restaurant.
It has also joined the Double Bay wedding collective in an attempt to tap the lucrative nuptial market.
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