<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Sydney

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Craigholme, built in 1856 on the Darling Point ridge line, has been listed for sale by the Allianz Australia chairman John Curtis.
One of Darling Point's most beautiful homes, the Victorian Gothic residence was designed by colonial architect Edmund Blacket seemingly for the family of then NSW Surveyor General, Sir Thomas Mitchell.
Title Tattle gleans there has been a fastidious reinvention for modern indoor/outdoor living by the architect Howard Tanner with interiors by Michael Love.
It last traded in 1993 for $1,615,000 when bought by the Curtis family from the Punch family.
The professional company director John Curtis, the former St George bank chairman and then longtime Westpac deputy chairman, bought Craigholme from Sue Punch. The Yarranabbe Road property had been bought by her late husband, politician Leon Punch.
The downsizing John and Anna Curtis have been told more than $20 million is possible by Clint Ballard of Ballard Property and Michael Pallier of Sotheby's International.
<a href="https://ballardexclusiveproperty.com.au/darlingpoint-4415644" target="_blank">The three-level family home</a> with gardens, comes with swimming pool and separate self-contained apartment.
It has a grand drawing room with 4.5 metre high ceiling and French doors flowing to a sandstone garden courtyard as well as covered verandah with harbour views.
Known as Yaranabee Estate (spelt differently to today’s spelling of Yarranabbe Road), the land was purchased 1835 by Sir Thomas Mitchell, but he didn’t built a house there until the 1850s. 
In 1827 Mitchell arrived in the colony with his wife Mary and is best known for his other homes, Craigend, a grand mansion set on more than nine acres of the ridge at Darlinghurst, then Carthona, an impressive Gothic Revival sandstone mansion on Darling Point’s northern foreshore in the 1840s. 
Craigholme, the house set on about 2.75 acres, sold in 1856 for £450 to Henry Dangar, a surveyor and highly successful pastoralist who lived at Grantham, a vast and ornate sandstone mansion at Potts Point.
Samuel Hordern of the dynastic retailing family bought it next in 1898, when the property was known as Treveallyn. In 1918 Hordern’s executors sold it to Marion Orchard, the wife of merchant jeweler, Richard Beaumont Orchard. 
Mrs Orchard held it for just 15 months before selling to Hugh Samuel Paterson, a builder of Darlinghurst, who disposed of it five months later in 1920 to Dr Pierro Francis Fiaschi who held it for 32 years.
In 1946, Dr Fiaschi reduced the land holding by selling the westerly half of the land fronting the lower New Beach Road portion.
Dr Fiaschi’s father, Dr Thomas Fiachi, lived at the house for some years when not supervising his vineyards in the Hawkesbury region. For three decades, Thomas Fiachi was an honorary surgeon at Sydney Hospital. A bronze statue of a boar (named “Il Porcellino”), set outside the hospital on Macquarie Street, remembers him. Given in 1968 by his daughter, Machesa Torrigiani, it is a replica of the original statue in Florence, Thomas Fiachi’s birthplace. In 1952, the administrator of Piero Fiaschi’s estate sold Craigholme to Walter Raymond Ewing and Emily Francis O’Leary. 
In 1963 Craigholme sold to the Paynter family of the leading construction company, Paynter Dixon. 
The Paynters restored the house and made major improvements including landscaping the gardens and building a swimming pool and a garage. 
A year or so later in 1967, Craigholme was bought by Brigadier General John O’Brien who continued the preservation and restoration of the house, as well as extending the garage. 
In 1973, Craigholme sold to Leon Punch, a New South Wales politician, the NSW Deputy premier (1975-1975), and Minister of the Crown in the cabinets of Sir Robert Askin, Tom Lewis and Sir Eric Willis. Punch was a member of the NSW Legislative Assembly for 26 years from 1959 until his retirement in 1985.
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jchancellor-FAypfDUnLy

Craigholme, the 1856 Darling Point Edmund Blacket trophy home listed

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Jerry Schwartz will own the new Sofitel Sydney Darling Park when it is finished in 2017, the ­largest new hotel in Sydney for more than two decades.
Developed by Lend Lease, and operated by Accor, the Schwartz Family Company is paying around $360 million, which is said to reflect an initial yield of 5.5%.
The Schwartz family has been tipped by the SMH to fund the $360 million purchase partially through the sale of his Holiday Inn at Sydney's Mascot airport.
Property Observer gathers the decisions followed a review the hotel portfolio, which includes recently acquired resorts in the Hunter Valley.
The Frasers group paid $202 million for the Sydney Sofitel Wentworth, while buyers are also looking at the Sheraton on the Park, with a price tag of around $465 million.
Schwartz say he will push for a helipad.
“Helipads are available in cities like New York and London, and it will significantly benefit Sydney’s business and convention profile to have a helipad developed at Darling Harbour,” he told Fairfax Media.
The deal was brokered by Michael Simpson of Savills. Michael Simpson, the Savills managing director hotels Australia and New Zealand, said the luxury hotel market remains highly attractive and, with Sydney’s rising prominence as a global city required quality 5 star hotels.
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Schwartz family secures new $360 million Darling Park Sofitel hotel

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Known to many local children as the ''Addams Family haunted house'', the Paddington home, Verulam has been listed for the first time since the 1920s.
The three-level Federation Queen Anne-styled offering was turned into a ''gentleman's residence'' in 1873 having previously been a farmhouse.
Set on its 393 square metre Moore Park Road block, Verulam has a price guide of $2.5 million through agent Louise Snowden of Raine &amp; Horne Double Bay.
There were initial $2 million plus indications for the house set opposite the SCG and Allianz Stadium.
The <a href="https://www.realestate.com.au/property-house-nsw-paddington-117671911" target="_blank">284 Moore Park Road property</a> comes with rear stables space.
Verulam, <a href="https://en.wikipedia.org/wiki/Verulamium" target="_blank">named after an ancient town in the south of Roman-occupied Britain</a>, has been listed for 11 September auction following the death of 98 year old Jacqueline Mary Schmidt, who once had a Nambucca district retreat at Station Street, Eungai Rail.
 
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Paddington's Verulum - the "Addams Family house" - listed with $2.5 million hopes

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An 1834 four level Millers Point dwelling in the Colonial Regency style fetched $2.56 million at auction tonight.
Offered for the first time in over a century, <a href="https://www.domain.com.au/property/for-sale/house/nsw/millers-point/?adid=2011319939" target="_blank">29 Lower Fort Street</a>, was sold at auction by the NSW state government. 
The five-bedroom heritage listed townhouse (see plan below) with a 6.5 metre frontage has extensive views of Sydney Harbour.
Requests by Property Observer for the price guidance provided to buyers were not met prior to publication by the office of Dominic Perrottet, the Minister for Finance and Services.
The <a href="https://www.onthehouse.com.au/reports/property_profile/11919684/29_Lower_Fort_Street_DAWES_POINT_NSW_2000/" target="_blank">onthehouse website</a> gave a $1.89 million to $2.01 million estimate in May for tonight's 169 square metre offering.
The adjoining terrace - <a href="https://www.realestate.com.au/property-house-nsw-millers+point-105847297" target="_blank">on 147 square metres - sold as leasehold in 2009 at $1.025 million</a>.
It followed last week’s sale of a property for $1.91 million on Kent Street (pictured top above) with Walsh Bay water views at well over price guidance.
The first offer was on a 109 square metre holding.
“All proceeds from sales will go straight back into maintenance and building contemporary social housing that is so urgently needed," the Minister for Family and Community Services, Gabrielle Upton said.
There are currently three other properties on the market as part of the Government’s first tranche of freehold sales in the Millers Point precinct. 
"The real estate agent had more than 200 prospective buyers inspected the premises with more than 60 pre-auction contracts issued.
The initial sales in Millers Point are setting the freehold market, as the prior sales campaign begun by the Labor government in 2009 offered property on 99 year leaseholds.
<a id="photoLink" href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/nsw/sale-residential/29-lower-fort-street-millers-point-sydney/14140337912311?lid=169173927&amp;pid=1403379123"><img class="photo" src="https://ee76d6753238c242b807-86a86923a0d3a601a8260e746ceafc0b.r51.cf4.rackcdn.com/ahda/property/photo/2014/07/21/eca61d4c05956cf0b106f641ad873b61_l.jpg" alt="" title=""></a>
Protesters to the relocation of housing department tenants again <a href="https://www.facebook.com/millerspointsaveourhomes/photos/pcb.905537062794191/905536632794234/?type=1&amp;theater" target="_blank">were refused admittance to the auction</a>.
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The second Millers Point offering fetches $2.56 million for state government housing

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Longueville has a new record price after the riverfront home of Matilda Cruises founder Tim Lloyd sold pre-auction for around $7.6 million.
The 1,182 square metre property <a href="https://www.mcgrath.com.au/buy/house-longueville-nsw-2066/226833/?searchID=42076578" target="_blank">had initial $6.5 million-plus price guidance</a>. It boasts a private beach, boatshed and slipway on the Lane Cove River.
The previous suburb high was $7.4 million for a Poole Street 3,604 square metre riverfront reserve holding in 2005.
Longueville's non-waterfront record also hit a new high recently when another Chinese buyer bought on Arabella Street for around $7.25 million.
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Chinese buyers set Longueville records on and off the riverfront

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Onthehouse.com.au has looked into where Australia’s $1 million plus property offerings are, even narrowing down to the street level.
Across the country, New South Wales was found to be the wealthiest state, when considering residential property. Of the metro suburbs, 23.4% of dwellings were valued at over $1 million in 2014.
Here are the 10 suburbs that <a href="https://www.onthehouse.com.au/" target="_blank">Onthehouse</a> found have the most $1 million properties by percentage of dwellings – with most of them in the 99.99% mark and making joint first.
<img src="/images/2014/08/25/apm-aug-25-one.jpg" alt="">
When looking at streets, however, it was a Mosman road that came in on top.
See over page for the top 10 streets and the five up and comers to watch
<hr class="system-pagebreak">
Mosman came in as the eleventh wealthiest suburb when considering it by number of dwellings, however managed to take out top spot on the overall list.
<img src="/images/2014/08/25/apm-aug-25-two.jpg" alt="">
The high number of New South Wales suburbs housing million dollar properties came as no surprise to Onthehouse.com.au consulting analyst John Edwards.
“Within the Top 10 alone, no suburb drops below 99%, and while Mosman didn’t make the Top 10, the fact it hosts Australia’s number one street still cements its position as one of Australia’s most prosperous localities.”
He noted that with Australian house prices at a high, they are increasingly breaking the million dollar mark.
“The fact is, many of our property millionaires may not even know the value of their property. While this latest data has revealed our nation’s most exclusive ‘millionaire rows’ – you don’t necessarily have to live in Mosman or Vaucluse to boast a million dollar home,” he said.
Over the coming year he expects the numbers in the million dollar spots to increase, and he noted that it was particularly interesting to see the areas that had topped the chart as the areas with the biggest increase in number of million dollar properties over the past 12 months.
These included:
<ol>
<li>Castle Hill</li>
<li>Ryde</li>
<li>Epping</li>
<li>Cherrybrook</li>
<li>Carlingford </li>
</ol>
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23.4% of Sydney metro properties over $1 million: Here’s the richest street

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The property at 12 Attunga Street, Woollahra - the former home of artist Charles Blackman - sold at weekend auction. 
The five bedroom-bedroom home sold for $2.8 million. Sotheby’s International agent Michael Pallier was quoting $2.3 million plus.
The upper level was the studio of Blackman when he and wife Barbara lived in the Attunga Street house.
The Blackmans sold the house in 1994 for $1.22 million.  
It has been renovated by architect Anthony Gill, since it last traded at $2.1 million in 2007.
There was an initial weekend clearance rate of 83% from the 319 auctions reported to Domain Group's Australian Property Monitors.
There are another 120 results yet to be reported given the total of 440 auctions.
Sotheby's sold the weekend's highest sale when a five-bedroom house on 697 square-metres at 73 O'Sullivan Road, Rose Bay fetched $4.39 million through Michael Pallier. It previously traded at $3,075,000 in 2007.
The Rose Bay property briefly had high price hopes which were revised down to $4.5 million.
It was available for rent at $3500 a week in 2012.
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Artist Charles Blackman's former Woollahra home sold

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BIS Shrapnel has forecast inner Sydney ­new apartment completions are set to peak in 2017.
Its report, Inner Sydney Apartments 2014 to 2021, showed around 5,800 apartments were under construction around inner Sydney and 11,500 apartments would be finished over the next three years.
The anticipated peak of 4,500 apartment completions by 2016/17 is expected to be on par with the previous 1999/2000 peak, the BIS Shrapnel report author, Angie Zigomanis said.
<img src="/images/2014/08/25/bis-aug-25-one.jpg" alt="">
Source: BIS Shrapnel
Total price growth of around 21%, or just under three percent per annum, is forecast through to 2021.
The report warns landlords of newly completed apartments will have to be more competitive to attract tenants over existing stock, while owners of older apartments may have to discount to attract tenants from neighbouring suburbs,
Zigomanis said declining rental yields will be ­sustainable while interest rates remain low, and the gap between rental income and mortgage repayments is relatively narrow. 
But weak purchaser demand and prices will emerge once interest rates lift, with BIS Shrapnel expecting a rate rise by the end of 2015, and further rises in 2016 and into 2017.
But in the man time short-term demand for inner Sydney apartments is expected to remain buoyant and BIS Shrapnel expects median price growth about 6% per annually over 2014-15 and 2015-16.
The downturn is expected in 2016-17.
Zigomanis said Sydney was still catching up after years of ­under-development and weak demand for new apartments.
He pinpointed three demographics that will assist rental demand including overseas student enrolments increasing for the first time since peaking over 2009–2010; growth in long term overseas visitor arrivals, and professional employment growth in inner Sydney expected to be relatively robust. 
"With most inner Sydney apartments purchased by investors, these groups will contribute to rising tenant demand and help to fill up the new apartment stock," Zigomanis said.
"Owner occupier demand is also likely to grow, with rising inner and middle ring Sydney house prices encouraging some tenants to instead upgrade to a larger apartment in inner Sydney as an owner occupier, while also encouraging empty nesters and retirees to more easily trade down from their existing house to an apartment."
Nevertheless, says Zigomanis, this strengthening in occupier demand is not anticipated to be sufficient to keep pace with the record level of new apartments expected to be completed over the next three years, with vacancy rates forecast to rise in the coming years.
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BIS Shrapnel forecasts 6% annual inner Sydney apartment price growth over next two years

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There is a building block for sale under $200,000 in Sydney.
The only issue is that it is on Scotland Island in Sydney's Pittwater.
The <a href="https://www.mcgrath.com.au/buy/house-scotland-island-nsw-2105/191573/?searchID=41765522" target="_blank">72 Thompson Street</a> offering is 1,018 square metres in a bushland setting high above the magnificent Pittwater.
<img src="/images/2014/08/25/SI3.jpg" alt="">
The block sold in 2001 at $165,000 and at $110,000 in 1997.
It came with $299,000 hopes in its initial 2013 offering. The $210,000 asking price was reduced this month to $190,000.
Some 3,000 people are estimated to be living off shore, McGrath agent Gordon Archibald suggests.
It will necessitate plenty of ferries to Church Point and Elvina Bay. The block would seem suitable for a pole home.
Just a bit further north, some nine properties are on the market at Great Mackerel Beach.
The prices range from $495,000 for a vacant block of land at 26 Diggers Crescent.
Great Mackerel Beach is another water-access only community on the foreshores of Pittwater.
There are some issues, including securing parking over at Palm Beach and rubbish collection.  
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A $190,000 block of land in Sydney! Start rowing

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Acclaimed dancer and choreographer Meryl Tankard has relisted her two-storey Bondi penthouse for 17 September auction.
Rather than the more than $2 million being sought in early 2014, this time it is $1.8 million plus.
The penthouse comes with four bedrooms, three bathrooms, three car spaces, views of the ocean and the harbour, and a self-contained roof-top terrace.
There is  534 square metres on title.
The former artistic director of the Australian Dance Theatre bought the Penkivil Street pad in 2007 for $1.732 million.
It was for sale in February this year through Alexander Phillips, of Phillips Pantzer Donnelley, but <a href="https://www.mcgrath.com.au/buy/apartment-bondi-nsw-2026/235684/?searchID=41955241" target="_blank">14/2A Penkivil Street</a> did not sell.
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