<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

<html><body>
The Bexley vendor and their estate agent who publicised their $570,000 reserve price ahead of its weekend auction secured a $613,000 sale.
The unusual tactic garnered a result at 7.5% above reserve, which suggests it was a tad conservative in its initial appraisal although recent surveys typically put sold prices at around 12% above price guidance.
Its web marketing didn't actually give the reserve price, with inspectees of 15A St Georges Road advised of it when they turned up or rung the agent.
The LJ Hooker listing agent confirmed to Property Observer that there was no marketing of the reserve price as he needed to engage possible buyers in a conversation which might not happen if the reserve price was publicly available.
<a href="https://www.realestate.com.au/property-house-nsw-bexley-117327823" target="_blank">The $570,000 disclosed reserve price was for a two bedroom, two bathroom property</a> which traded at $400,000 in 2004.
The buyers’ agent Patrick Bright attended the auction saying it was a test case for a fully transparent and successful auction for vendor and buyer alike by disclosing the reserve price prior to auction.
“Speaking with the under-bidder after the auction, she said she only bid on the property because the reserve price had been published in advance and she knew the property was truly within her budget," Bright suggested.
Though she did miss out.
Bright noted the underbidder "claimed she would not have even attended the auction if the reserve price had not been disclosed as she was ‘fed up’ with attending auctions that had reserves well over the price guide provided by agents".
Patrick Bright is currently petitioning the NSW government to disclose reserve prices prior to auction to stamp out underquoting.
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jchancellor-FAypfDUnLy

A 7.5% premium above disclosed reserve at Bexley auction experiment

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For investors hoping to use their properties as an income stream as well as a growth asset, some Sydney regions stand out more than others.
According to RP Data's Quarterly Rental Review, rental rates for houses in Sydney didn't move over the quarter to June, remaining at $520 per week.
While the median weekly rent for houses saw no change overall, one segment of the house rental market did grow in the June quarter. Four bedroom houses saw a 3.3% rise in rents to a median of $620 a week, while three bedroom houses stayed flat at $470 per week, as did five or more bedroom houses, which attracted $850 per week.
On a yearly basis, there was no area in Sydney which recorded a fall in rents for houses, although rents were flat for the year in the Fairfield-Liverpool region, at $450 per week. The Lower
Northern Sydney region saw a 10.4% jump in rents for the year, the biggest increase of any Sydney region and well above its own five year average of 6.7%. Its median rent per week is now $900.  
However, some growth was seen in the unit rental markets, with rents rising by 2% over the three months to June to a median of $500 per week. All unit types saw an increase for the quarter, with one bedroom units increasing by 1.1%, two bedroom units recording a 3.1% rise and rents for three bedroom units increasing by 3.5%.
The median weekly rent for units in Outer Western Sydney fell by 2.9% over the year to June - the region was the only Sydney area to see a yearly decrease in rents. The strongest regional rental performance for the unit market was seen in the Northern Beaches, where the median rent climbed 5.6% over the year, and Inner Sydney, where rents grew by 5.1%.
The top performing regions for rental houses over the past year
The following five areas had the strongest year on year growth in rents for Sydney houses.
<ol>
<li>
Lower Northern Sydney With 10.4% year on year growth in the median weekly rent, Lower Northern Sydney outperformed every other Sydney region's rental house market.  
</li>
<li>
Inner Sydney The median weekly rent for a house in inner-Sydney is now $750, up 7.1% from the same time last year. The area's rental market has shown consistent growth, with five year average rental increase of 6.4%. </li>
<li>
Northern Beaches Sydney's Northern Beaches have seen the median weekly rent for houses increase by 5.9% for the year to $900, the same median house rent as Lower Northern Sydney. However, the area has seen a dip in recent months - in the quarter to June, house rents dropped by 2.7%.  
</li>
<li>
Central Coast With 5.3% growth over the past 12 months, the median weekly rent for a house in the Central Coast is now $400. The region saw 2.6% quarterly growth.  
</li>
<li>
Canterbury-Bankstown The Canterbury-Bankstown area saw its median rent for houses increase by 5% in the past year, with 1% growth in the quarter to June. The median rent for a house in the area is now $520. </li>
</ol>
<hr class="system-pagebreak">
 The top performing regions for rental units over the past year
<ol>
<li>
Northern Beaches Units in the Northern Beaches attracted weaker rental growth than their house counterparts, with a 5.3% increase for the past 12 months. A renter can now expect to pay $550 per week for a unit in the Northern Beaches. </li>
<li>
Inner Sydney Inner Sydney units recorded 5.5% growth for the year, with the median weekly rent for a unit in the region now $580.  
</li>
<li>
Eastern Suburbs Units in Sydney's Eastern suburbs now attract a median weekly rent of $625 after a 4.2% growth for the year. The five year annual average growth for the area is 4.8%. <a href="/news"></a>
</li>
<li>
Lower Northern Sydney After 3.8% growth over the past year, the region now has a median weekly rent of $625.  
</li>
<li>
Inner Western Sydney Sydney's Inner West saw rents for units increase by 4% for the year. The past 12 months have outperformed the area's historical average - the five year annual average growth in rents for the region is 3.4%. <a href="/news">Click to open in new window: </a>
</li>
</ol>
<a href="/images/2014/07/21/rp-data-july-10-three.gif" target="_blank"><img src="/images/2014/07/21/rp-data-july-10-three.gif" alt=""></a>
<img src="/images/2014/07/21/rp-data-july-10-two.gif" alt="">
Source: RP Data.
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jrichardson-uRX5hFdKfN

Sydney's top five regions for rental growth: RP Data

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Strathfield’s newest residential development, marketed as a "one-of-a-kind for the up and coming area", Centric Strathfrield from Lumex Property Group launched on Saturday achieving a high number of sales - currently just a few of the penthouses remain.
The <a href="/expert-insights/buying/centric-strathfield-to-be-launched-with-57-inner-west-apartments">swish launch at the display suite on 9-13 Parnell Street</a>, just a two minute walk from the station, saw tuxedo-wearing staff members welcoming a large crowd into the development. While many of those looking to buy were of Asian appearance, Property Observer notes that the majority seemed to be local buyers – some moving from other areas of the inner west. Despite this, some investors were present.
<img src="/images/2014/07/21/strathfield-july-21-one.jpg" alt="">
Halfway between Parramatta and the city (less than 15 kilometres from both), the apartments launched to considerable success.
Just over halfway through the 8am to 10am launch, a CBRE marketing representative said that just six of the 57 one and two bedroom apartments were remaining. Prior to the commencement of the launch, a sell out was anticipated.
<img src="/images/2014/07/21/strathfield-july-21-three.jpg" alt="">
Centric Strathfield has positioned itself towards the owner occupier market, looking to offer top end finishes. Most apartments have northerly orientations, with winter gardens and terraces. All come with basement car parking and separate storage, as well as lift access.
The roof terraces offer CBD and Harbour Bridge views.
Spanning eight residential floors, and a commercial space at ground level, 51 square metre to 59 square metre one-bedroom apartments were being sold from $629,000. One bedroom and a study, 59 square metres, were selling from $685,000. Two bedrooms, from 71 square metres to 88 square metres were selling from $780,000.
The majority of the available apartments, 29 of them, were two bedrooms, with 24 one bedrooms and four one bedroom plus studies.
According to RP Data, the <a href="/news">median price currently recorded for a Strathfield unit is $570,000</a>, with a median advertised weekly rental price of $500 per week. The median unit price has significantly increased over the past year, profiting in on the growth seen across Sydney.
The designs, from SJB Architects, were also said to be a major drawcard for the interest in the development. Within the apartment building, there will be a number of community areas – including a roof top garden and an atrium lobby.
The properties themselves include limed European oak floors, AEG appliances and integrated banquette seats.
The display suited had been open from 5 July for interested viewers before the launch on 19 July.
Construction on <a href="https://www.centricstrathfield.com.au" target="_blank">Centric Strathfield</a> is expected to be finished by mid-2016.
How do property developers sell out mega residential projects? Where can financial planners find off the plan projects on one website? And what is all the fuss about with China?
Register now to join an expert panel in off the plan property marketing for an informative discussion and live Q&amp;A on Property Observer, in association with Investorist.
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jduke-EHk3XBmHkn

Centric Strathfield's weekend launch success - handful of penthouses remain 

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A 12-bedroom 1888 Victorian Petersham trophy home sold at weekend auction for $3.3 million to an investor.
 Converted into 10 apartments in 1942, the four-storey mansion comes with 10 bathrooms.
The owners, Isabel Crespo and Vincente Traversa, who live in a three-bedroom rooftop apartment, collected an annual rental income of about $154,000. It will be higher once the vendor moves out and the investor buyer finds tenants for the two level penthouse, which is tipped to likely be around $650 a week, thereby giving a 5.6% overall yield.
They paid $75,000 for it in 1985, reflecting 13% annual price growth.
More than $2.5 million was tipped <a href="https://www.belleproperty.com/9P3648" target="_blank">by selling agents</a><a href="https://www.belleproperty.com/9P3648" target="_blank"> Rob Clarke and Callum Edmonds of Belle Property Annandale</a> for 29 Croydon Street, Petersham. The reserve price was $2.8 million. The suburb's median house price is $945,000, <a href="/news">according to RP Data</a>. 
It was among the 399 auctions are scheduled over the weekend in Sydney, some 92 more than the 307 homes auctioned over the same weekend last year, according to Australian Property Monitors.
The preliminary clearance rate was 77.3%, so another strong result.
"The weekend will likely prove to be the low point for auction listings this winter with numbers now set to rise through to spring with the July school holiday break now over," Dr Andrew Wilson, the Domain Group senior economist said.
The inner west hosted the most number of auctions with 64 followed by the city and east with 52, the south with 51, the upper north shore with 46 and the west with 41.
<div id="conditionalAd-300x250-pos-3" class="ad adCentred">
Mosman was the most popular suburbs for auctions along with Greenacre in Canterbury Bankstown and Blacktown in the west, each with eight.
</div>
The Potts Point apartment of the founder of Cara&amp;Co fashion and accessories concept store Rosa Alpert was withdrawn from weekend auction.
It is in the converted Victorian Italianate mansion Tarana.
The three-level apartment, first listed in 2012 with hopes of $5 million, was bought in 2005 for $4 million.
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Petersham boarding house fetches $3.3 million in Sydney weekend auctions

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The NSW government has announced a summit to help decide upon the future of Sydney Harbour's Bays Precinct.
The move that had been welcomed by the Urban Development Institute of Australia’s New South Wales branch who are interested to see what private sector opportunities there may be for the harbourfront land.
UDIA NSW chief executive Stephen Albin said that the 5.5 kilometre site of prime land has been dormant, with this decision coming almost two years since The Bays Precinct Taskforce released its Strategic Framework Report. This report looked at the future of Blackwattle Bay, Rozelle Bay, White Bay and Glebe Island.
“After years of stagnation at the Bays Precinct site it’s positive to see the Government reigniting a discussion about future uses for the area,” said Albin.
“Previously, there’s been little information about the role the private sector could play in delivering future outcomes at the Bays Precinct,” he said, noting their interest in hearing about potential opportunity.
Albin believes this site will help cater for growth, and that while there are innovations occurring offshore, it’s worth recognising talent on Australian shores.
What would you do with the site?
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Bays Precinct, Sydney Harbour summit welcomed after “years of stagnation”: UDIA

<html><body>
Have you been keeping an eye on Sydney this week?
Test how well you've been paying attention.
<ol>
<li>Which area of Sydney is the best place to buy, according to Arek Drozda? 
</li>
<li>What is the name of Sydney's largest shopping centre, which opened this week?  <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/phocagallery/2014/07/macquarie-july-17/macquarie_0000_1.jpg.jpg"> 
</li>
<li>Which model just paid $4 million for a new home for two adjoining Newport properties? 
</li>
<li>Architect Chris Howe and his wife, tax lawyer Betsy Anne, finally sold their home in which Sydney suburb? <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/phocagallery/2014/07/vaucluse-july-16/vaucluse_0000_1.jpg.jpg"> 
</li>
<li>Property investors MarksHenderson recently spent how much money on Walsh Bay offices? 
</li>
<li>How many Sydney homes made the top 10 most expensive sales of the week? 
</li>
<li>What was Sydney's auction clearance rate for the weekend of 12 July? 77.7% 
</li>
<li>Significant Investor Visa approvals are how many times higher in Victoria than New South Wales? 
</li>
<li>How many Sydney suburbs made the Housing Institute of Australia's top 20 hotspots for construction and population growth? 
</li>
<li>How many years had this Artamon home been in the ownership of a single person before it was sold this week? <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/phocagallery/2014/07/artarmon-july-15/artarmon_0000_1.jpg.jpg">
</li>
</ol>
The answers on the next page
<hr class="system-pagebreak">
 How closely were you paying attention?
<ol>
<li>Which area of Sydney is the best place to buy, according to Arek Drozda? Sydney's <a href="/expert-insights/investing/inner-ring-the-best-bet-in-sydney-and-heres-why">inner-ring is your best bet</a>, said Drozda. 
</li>
<li>What is the name of Sydney's largest shopping centre, which opened this week? The <a href="/expert-insights/investing/sydneys-largest-suburban-shopping-centre-amp-capitals-macquarie-centre-now-open">Macquarie centre</a>. 
</li>
<li>Which model just paid $4 million for a new home for two adjoining Newport properties? <a href="/news/jennifer-hawkins-spends-4-million-on-newport-waterfront">Jennifer Hawkins</a>. 
</li>
<li>Architect Chris Howe and his wife, tax lawyer Betsy Anne, finally sold their home in which Sydney suburb? The couple have finally <a href="/news/architect-chris-howe-sells-vaucluse-trophy-home-finally">sold their Vaucluse home</a>.  
</li>
<li>Property investors MarksHenderson recently spent how much money on Walsh Bay offices? MarksHenderson splashed out <a href="/expert-insights/investing/markshenderson-splashes-28-million-on-walsh-bay-office">$28 million on their new offices</a>. 
</li>
<li>How many Sydney homes made the top 10 most expensive sales of the week? Eight of <a href="/expert-insights/buying/the-10-most-expensive-sales-of-the-week-rp-data--66486">the week's top 10 sales</a> were from Sydney. 
</li>
<li>What was Sydney's auction clearance rate for the weekend of 12 July? 77.7% of homes auctioned sold last weekend. 
</li>
<li>Significant Investor Visa approvals are how many times higher in Victoria than New South Wales? SIV approvals are <a href="/news/siv-approvals-in-victoria-six-times-higher-than-nsw">six times higher in Victoria</a> than New South Wales. 
</li>
<li>How many Sydney suburbs made the Housing Institute of Australia's top 20 hotspots for construction and population growth? One - Homebush Bay. <a href="/expert-insights/investing/list-of-the-day-top-20-building-and-population-hotspots">Two, if you count Silverwater along with it</a>. 
</li>
<li>How many years had this Artamon home been in the ownership of a family before it was sold this week? The house had been in the possession of a woman <a href="/expert-insights/buying/stayput-aunts-artarmon-federation-fetches-record-price-after-99-year-ownership">for 99 years.</a>
</li>
</ol>
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Friday quiz: Sydney's property market

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Wellings, one of the oldest estates in Sydney's inner west, has been listed for 16 August Ray White auction by artisans Frank and Marcellina Civardi, of Civardi Furniture.
They secured the 3,679 square-metre Burwood estate in 1990 for $900,000 when it was unliveable. 
Heritage architect Lester Tropman has helped restore the gothic-style villa which dates back to 1813.
It was first officially recorded in the 1830s as owned by London shipowner William Richards and extended over the year starting from 1860.
The eight-bedroom estate has been<a href="https://raywhiteburwood.com.au/nsw/burwood/1166145/" target="_blank"> listed by Janeta Biviano of Ray White Burwood</a>, with a well in excess of $6 million suburb record tipped for its 16 August auction.
The three-bedroom gatehouse is one of the first pre-fabricated homes in Australia.
The gatehouse was made in Hamburg, then exhibited in Paris in 1854 before it was imported for the French Consul General's residence in Hunters Hill, Passy.
It was moved to Wellings in 1967 by former owner Dr Lindsay Grant and his wife, Adeline (nee Agnew).
Wellings is located at 4 Woodside Avenue East on 3,679 square metres, not only the main residence but also The Gatehouse.
The previous owners lived in the property from 1953.
The previous renovation had been made in 1947 and took away a lot of the property’s original grandeur.
 
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Wellings, the hidden Gothic Burwood offering

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North Ryde, Sydney’s Macquarie Centre’s $440 million redevelopment has seen the first stage open as part of the AMP Capital’s Shopping Centres $2.8 billion development plan.
The <a href="https://www.macquariecentre.com.au" target="_blank">Macquarie Centre</a> is located in a total trade area of 337,770 people that expects to reach $6 billion in retail spending by 2021, explained AMP Capital Shopping Centres’ managing director Byran Hynes. He noted that the north-west corridor is the new capital of household wealth in Sydney.
The project’s second stage, set to be complete for this Christmas’ shopping season,will see the centre increase by 38,000 square metres to a new 138,500 square metre total, or the largest shopping centre in suburban Sydney.
“Today we have unveiled, ahead of schedule and on budget, more than 37 food and specialty retailers, 29 of which are new to Macquarie Centre,” he said.
“The centre will offer our customers a one-stop-shop for fresh food, specialty Asian food stores and market-style restaurant options from local producers.”
The first stage includes a Fresh Food Market precinct with Coles, ALDI and a refurbished Woolworths in residence. Costis Seafood Market Macquarie, Inlakesh Living Foods and F &amp; L Gourmet are eateries available.
The centre has also been redeveloped to include a 21-metre curved digital panel, which they note is a first nationally, that is for advertising and other content.
“Consumers are savvier yet more time poor than ever before and are craving distinct experiences in unique environments where they feel special.  We’re transforming Macquarie Centre into a leading contemporary urban centre, offering diverse experiences to the students, residents and workers in the area,” said Hynes.
On completion, international designers and Australian designers, as well as David Jones, will be in residence.
{qtube vid:=yrkUzoGNdbE}
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Sydney's largest suburban shopping centre, AMP Capital's Macquarie Centre, now open

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In the light of high commercial vacancy rates along the retail strip on Sydney’s Oxford Street, stretching from Hyde Park to Bondi Junction, Raine &amp; Horne’s Max Raine has weighed in with support for calls to the Sydney City Council to take over management from Woollahra Council.
Raine, a local property owner and recognised industry member, said that the growing vacancies are affecting Oxford Street’s name as a leading fashion and lifestyle destination, and that it’s time boundaries were changed to bring it under the financial clout of the City of Sydney.
“As a lifetime resident of Sydney’s Eastern Suburbs, I am truly gutted that this famous retail strip, which is also home to many heritage buildings such as the Paddington Town Hall and Victoria Barracks, has fallen on such hard times,” said Raine.
“Oxford Street is at the risk of becoming a retail white elephant like Newcastle’s once bustling Hunter Street, and it would be a significant blight on the history of this great city if this iconic strip is not restored to its past glories.”
A Property Observer survey in February 2013 found <a href="/news/nsw">35 out of 198 storefronts on the north side of Paddington’s Oxford Street shopping strip</a> – between Barcom Street and Jersey Road – were empty. Some were recorded as having been unoccupied for more than six months.
Notably, <a href="/expert-insights/investing/darlinghursts-oxford-square-retail-centre-listed-with-70-million-plus-hopes">Darlinghurst's Oxford Square retail centre was listed with $70 million-plus hopes in April 2013</a>.
Then, in February this year, a <a href="/news/nsw/oxford-street-retail-building-offered-for-sale">1,946 square metre retail building was offered up for sale in the Paddington section of Oxford Street</a>.
And in April 2014, <a href="/expert-insights/investing/oxford-street-sydneys-oldest-gay-hotel-venue-up-for-sale">Sydney's oldest gay venue on Oxford Street, Darlinghurst hit the market</a>.
The call comes a few months after a comprehensive Sydney Morning Herald feature on Oxford Street, which noted a mass retail and restaurant exodus from Oxford Street had the empty shops numbering 29 in the City of Sydney, 41 in Woollahra and 19 in Waverley. Paddington, bearing the brunt of the storm, clocks up 46, a vacancy rate of just over 18 per cent. In the area immediately surrounding Jersey Road, it is as much as 65 per cent.
The Activate Oxford St draft proposal commissioned by Woollahra Municipal Council was welcomed by Raine, although he notes it misses the problem of a parking station.
“The report suggests ways to improve the struggling street, such as creating new uses for vacant shops, the introduction of street theatre activities, as well as implementing improvements to the operation of Paddington Markets, however what the strip needs more of is parking, to attract shoppers back to the boutiques, cafes, bars and restaurants,” he said.
“It’s pretty simple, if you can’t park, then you can’t shop and there are some properties along Oxford Street that would make perfect sites for additional parking, including the site of the underutilised St Matthias Church on the corner of Oxford Street and Moore Park Road.” Improvements in parking infrastructure will be a costly exercise, which is part of the reason the Sydney City Council is being called upon to control the strip.
“Woollahra Council has done its best but Oxford Street desperately needs the financial clout of Sydney City Council to help return it to its former glories,” he said, promising his support behind any representations to the New South Wales Local Government Minister Paul Toole around boundary changes.
Photo of Oxford Street Mall courtesy of Wikimedia Commons.
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Oxford Street at risk of becoming a "retail white elephant": Max Raine

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A new zoning plan and planning controls for much of the City of Sydney’s employment lands has been endorsed by the council for exhibition. This covers much land currently zoned for business or industrial purposes.
Some industrial areas are expected to be retained for traditional uses, while other zones are to be introduced or expanded. This includes a B6 Enterprise Corridor zone to add to the B7 Business Park zone.
Knight Frank’s manager of town planning for Sydney, David Workman, said that the proposed changes are extensive and it is crucial to be aware of the implications on an individual property basis.
“A small change can often make a significant difference either positive or negative, particularly in terms the type of development permitted within a new zone and at what density,” Workman said.
The report that had been prepared for the Council included the following proposed changes:
<ul>
<li>A core industrial zone in the South West part that will continue to accommodate ‘traditional industrial’ uses;</li>
<li>A flexible enterprise corridor zone through the centre part that will accommodate lower density industrial and commercial uses; and</li>
<li>Business park zones in the North West and South East parts that are close to transport, services and amenities and that will provide for denser commercial activity over time.</li>
</ul>
Source: Knight Frank
It’s noted that private residential development will be restricted on the employment lands, with the exception of a Botany Road section that currently permits shop-top housing and senior housing.
Affordable housing opportunities may also be provided for.
Daniel O’Brien, Knight Frank South Sydney agency director, said that the rezoning for some of those currently zoned IN1 General Industrial means good things with the potential for higher order commercial uses than currently allowed. He also noted that it’s expected to drive employment, and therefore commercial development.
“The trend for older industrial style buildings, to be regenerated into funky office space will only gather more pace and as long as the current demand for this type of office accommodation remains strong, it will be a win:win for developers, tenants and occupiers and building owners,” Mr O’Brien said.
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