<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.

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[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.

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[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.

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[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.

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[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.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

Sydney

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Country Garden Australia secured 296 sales today when the Ryde Garden development went on sale.
The six hour purchasing spree for the project in Sydney’s North Ryde secured around $186 million in sales.
Buyers secured one, two and three bedroom apartments starting at $488,000. The two bedders were priced from $688,000, and three bedroom apartments priced from $888,000.
There were five sales of the project’s three bedroom sky-homes, boasting views across Sydney, for between $1.3 million and $1.7 million.
"These sales were a record for the area," agents advised. 
<a href="https://www.cpmrealty.com.au/Buying/Search/Detail.aspx?id=3626&amp;wlid=5ad6e8b1-b411-435b-a832-4cc784d50cce" target="_blank" style="line-height: 1.3em;">They are for sale through CPM Realty agent Sam Elbanna</a> and JLL with a 2017 completion date, subject to final council approval.
JLL and CPM said that the results had exceeded expectations. 
Bates Smart Architects designed 830 apartments for Country Garden’s first Australian project, over three buildings on a site 50 metres from North Ryde train station. There will be a 2,100 square metre central park. Each tower is set to have its own rooftop garden.
The Hong Kong-listed development company, Country Garden bought their first Australian development site in late 2013 at North Ryde.
Wanting to become a major developer in Australia for the long term, the group has a preference for suburban sites which could sustain large garden areas.
“Up to 20% of the buyers were former Country Garden customers,” the company’s general manager, sales and marketing, Nicholas Hum, told the Australian Financial Review.
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jchancellor-FAypfDUnLy

Strong off the plan sales at Country Garden's Ryde Garden project

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News Limited's Lachlan Murdoch and wife Sarah sold their Bronte trophy property yesterday afternoon, ahead of today's 12.30pm scheduled auction.
The contemporary Bronte Road house was initially listed in 2009 with hopes of $13.5 million.
But Fairfax Media report it sold for a little over $10 million.
There has been no official sale price indication on Lachlan Murdoch's website, <a href="https://www.realestate.com.au/property-house-nsw-bronte-117070459" target="_blank">realestate.com.au</a>. Title Tattle recalls it was an unsolicited bid in April 2005 that secured the $7.75 million house above Bronte Beach as the Murdochs’ base for their return to Australia from New York.
It was bought from Graham Ford, the Bronte Surf Club president, who built it in 2001.
Lachlan Murdoch, the co-chair of News Corp and 21st Century Fox, and his wife Sarah first listed it in 2009 and then 2011.
Agents Ken Jacobs and Darren Curtis of Christie's International had the prestige listing for June 28 auction.
Le Manoir, Lachlan and Sarah Murdoch's $23 million Georgian estate in Bellevue Hill, will soon become the couple's permanent base. 
In the meantime the Murdoch couple continue their lease on Coolong, the Vaucluse beachfront residence of expats Ivan and Marina Ritossa.
The last big Bronte property play was in 2012 when Seumas Dawes, the London-based Australian merchant banker, who sits on the latest Sunday Times Richest 1000 list, and is the chairman of the investment committee at Pepper Investment Management, bought the neighbouring Bronte property.
<a href="/news/a-cut-above-the-rest-the-era-of-sydney-mega-mansions-far-from-over-title-tattle">Title Tattle reported</a> at the time that Dawes had poured some of his then £90 net worth into a serious Bronte acquisition. He now sits in equal 739th place with a £124 million net worth on the recent Sunday Times Richest 1000 list. 
The funds manager and his wife Rosemary had initially spent $12.3 million for a large, modern three-storey residence in 2006. It was a modern five-bedroom residence on the ocean side of Bronte Road overlooking the beach and ocean.
<img src="/images/stories/2013/02/bronte1.jpg" alt="bronte1">
Then in 2012, the Dawes couple splashed out with the $16.5 million purchase of the neighbouring house, which they've bulldozed to expand their garden and garaging in grounds prepared by Formed Gardens.
The new works, which include gym and cabana, improve the neighbouring contemporary houses's north eastern aspect in unquestionably one of the most expensive coastal suburbs on the exclusive <a href="/news"></a>strip known as The Cutting.
Rosemary Seaton, the wife of merchant banker Seumas Dawes, recently sold her <a href="https://www.mcgrath.com.au/buy/house-waverley-nsw-2024/202047/?searchID=40389687" target="_blank">Luigi Rosselli-designed Waverley</a> house for $3.8 million which settled earlier this month.
Seaton had paid $3.9 million in 2009 for the five-bedroom residence which was bought by Fiona Ford, who recently sold her nearby semi.
Luigi Rosselli had designed the property for the Yong family who sold it to Seaton in 2009.
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Lachlan and Sarah Murdoch secure pre-auction Bronte trophy house sale

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Peter Bond, the chief executive of gas company Linc Energy, withdrew the Redfern post office premises from its scheduled auction last night.
The Business Review Weekly rich lister <a href="/news/nsw/redfern-proving-magnetic-for-coal-executives">bought it in mid-2011</a> when <a href="/expert-insights/investing/linc-energys-peter-bond-lists-redfern-post-office-premises">the former post office commercial premises</a> at <a href="https://www.propertyobserver.com.au/new-south-wales/redfern-proving-magnetic-for-coal-execs/2011062250564" target="_blank">113-119 Redfern Street were sold by spruiker Max Markson</a> for $2,125,000.
The building, which has a clock tower and bell, last sold through agents Paul Ephron and Ben Forsyth. Markson had bought it from Sorin Dascalu &amp; Associates in 2006 for $1.9 million.
The former Redfern Post Office, in Redfern, NSW, was built in 1882. It has a two-storey Victorian Italianate building plus a dominant four-and-half-storey corner clock tower. The post office included a telegraph office, parlour, drawing room, three bedrooms, kitchen, a servant’s room, bathroom, scullery, washhouse, fuel shed and two stall stables.
In 1880, £3000 was provided for the erection of the Redfern post office, and then the Public Works added a clock tower for an estimated extra £700.
The building has 480 square metres of internal space on its 330-square-metre Redfern Street block. 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-redfern-nsw-2016/227755" target="_blank">It was listed</a> through McGrath agents James Dack and Chris Chung.
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No sale for Linc's Peter Bond Redfern post office offering

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The Sydney Morning Herald <a href="http://www.smh.com.au/nsw/melbourne-train-operator-metro-to-run-sydneys-northwest-rail-link-20140624-zsjyr" target="_blank">reported yesterday</a> that the Baird Government in New South Wales has selected <a href="http://www.metrotrains.com.au/who-we-are/" target="_blank">Metro Trains Melbourne</a> - the consortium made up of MTR Corporation, John Holland and UGL which operates and maintains the entire Melbourne metropolitan network - to operate the <a href="http://nwrail.transport.nsw.gov.au/" target="_blank">North West Rail Link</a>.

The North West Rail Link project consists of twin 15 kilometre tunnels and four kilometres of elevated track from Epping on the city's main northern trainline to Sydney's North West outskirts at Rouse Hill. The project in a way winds back the clock for Sydney (albeit not necessarily in a bad way), as the new tunnels will only cater for single deck trains, and the Chatswood-Epping link will be retrofitted to allow North West Rail Link trains to run all the way from Rouse Hill to Chatswood.

Trains running on the new line and through the retrofitted Chatswood-Epping corridor will be fully automated being centrally controlled with no train drivers. This will be a first for Australia.

The New South Wales Government also outlined plans to <a href="http://www.smh.com.au/nsw/planned-new-rail-line-would-cut-direct-trains-from-inner-west-to-redfern-sydney-university-20140624-zsjnd" target="_blank">convert the existing Bankstown line</a> and build a <a href="http://www.smh.com.au/nsw/nsw-electricity-sale-to-pay-for-new-harbour-crossing-rail-roads-20140610-39uyu" target="_blank">second Sydney Harbour crossing</a> to allow the new North West Link to form a part of a complete rapid transit line.

The ultimate goal of having one long rapid transit line from Sydney's North West through the Central Business District and out to South West is very similar to the goal in Melbourne, of running Pakenham and Cranbourne trains in the South East through the Melbourne Rail Link to Sunbury (and when electrified) Melton. And as various documentation released by the Victorian Government and Public Transport Victoria has alluded to, the new high-capacity signalling system - to be rolled out as part of the <a href="http://www.transport.vic.gov.au/projects/cranbourne-pakenham-rail-corridor-project" target="_blank">Dandenong corridor project</a> - will be a precursor to allowing Melbourne trains to head down the automated path as well.

Given the same consortium will be building both the North West Rail Link and the Dandenong Corridor project in and around the same timeframes, it will be interesting to see how much of the same technology will be applied in both cities.

Lead image credit: <a href="http://nwrail.transport.nsw.gov.au/The-Project/Project-Overview" target="_blank">nwrail.transport.nsw.gov.au</a>
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Alastair Taylor

Metro Trains Melbourne to operate Sydney's North West Rail Link

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The Sydney Antique Centre, at 517-543 South Dowling Street, Surry Hills, has been sold. It is Australia's oldest, and one of the largest, antique centres with over 50 antiques and art dealers.
Property Observer gleans it fetched about $9.2 million <a href="https://www.realcommercial.com.au/property-offices-nsw-surry+hills-501108211" target="_blank">through DB Property agent Eric Lundberg</a> who was seeking offers over $9.25 million for the landlord, Neil Burley.
The purchaser is the Karageorge family's Stasia Holdings. 
The 1,308 square metre holding had been marketed with vacant possession as suitable for residential redevelopment with its B4 mixed use zoning.
It comes with 2,600 square metre space, plus car parking for 10 cars. 
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South Dowling Street is predominantly Victorian in character with some later Federation and Inter-War development. 
Long known as Kings Cross landlords, the Karageorge family most recently spent $7.95 million on a Foveaux Street, Surry Hills office in late 2012.
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Sydney Antique Centre sold for $9.2 million in Surry Hills

jduke-EHk3XBmHkn

Infrastructure development the factor to watch in Sydney: Knight Frank

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A new Hunters Hill riverfront record has been secured at $12.5 million for a six-bedroom Chevalier Crescent residence.
The buyer is upgrading mining executive Yong Zhang from the Australian uranium explorer Zeus Resources.
The 1,690 square metre property within the Pulpit Point precinct was sold by the Tran family who bought it in 2002 for $5.35 million
The prior <a href="/news">Hunters Hill</a> record stood at $10.68 million just next door when a home on 1,300 square metres was sold in 2007 by the Panzarino family, according to RP Data.
The sale took place May 22 through Trisha Guo of First National Gladesville.
Zhang and his wife Chun Feng Wu have owned another Hunters Hill waterfront home, five bedrooms on 784 square metres, which they bought on Mount Street for $4.19 million in 2007.
<a href="https://www.zeusresources.com/board-of-directors.asp" target="_blank">The mining company website </a>shows Yong Zhang holds a Bachelor of Engineering from Shandong Construction College and has an extensive career in property development, real estate sales and investment. Mr Zhang has extensive property interests in China with over 1,600 employees.
Mr Zhang was instrumental in securing the cornerstone investment in Zeus by China Metallurgical Geological Bureau, via its subsidiary Zhengyuan International Mining Company Limited.
 
Image courtesy of Google Maps. 
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Hunters Hill's record $12.5 million riverfront sale

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Lend Lease secured the off the plan sellout of all 357 Sydney apartments in the first stage of its Darling Square<a href="https://www.darlingsq.com" target="_blank"></a> residences, totalling at least $500 million, with revenue estimates as high as $650 million.
Set on the doorstep of Darling Harbour, Haymarket, Chinatown and Ultimo, the entire <a href="https://www.darlingsq.com" target="_blank">Darling Square</a> project will comprise 1,400 apartments, 20,000 square metres of campus-style offices and retail around a new town square. There will be an estimated 3,200 new residents, plus 1,000 students in student accommodation and 2,000 workers in the mixed-use precinct which will be part of the Darling Quarter redevelopment by Lend Lease on the edge of Darling Harbour. 
Marketed as "Sydney's newest Darling," prices ranged from $700,000 for a 50-square-metre, one-bedroom ­apartment to $3.5 million for a 130-square-metre sky home through CBRE in Darling Square which will have apartments on which SJB and DCM have collaborated.
About 25% of apartments were sold to offshore ­buyers.
The proximity to UTS encouraged purchasing by Chinese families.
Construction of the 40-storey apartment block and seven-storey block will be completed in 2017.
It is among the three towers to be built on the site of the Sydney Entertainment Centre and car park at Haymarket.
The entire precinct is due for completion in 2020. 
The Lend Lease executive project director, Rob Deck reported more than 5,000 inquiries before Saturday's public launch.
Last August, Lend Lease secured the same day sellout of the first stage of Barangaroo - 159 apartments - which secured some $300 million worth of sales.
Meanwhile Grocon and Markham Corporation have approval for their $700 million redevelopment of the Imax theatre in Darling Harbour, Sydney, into the proposed office/retail and entertainment complex, The Ribbon. It will involve the demolition of the Imax tower replaced by a 20-storey building.
 
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Darling Square first stage sellout by Lend Lease

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If Sydney’s growth continued at the high levels being seen before, then it could have been the beginning of bubble conditions and price drops, according to Residex’s John Edwards.
Discussing new research from Onthehouse that noted residential capital growth rates for May were at lower levels that expected, Edwards expressed his relief.
“With any luck, the statistics will continue on this new trend of lower rates of growth over the next few months. Housing markets, particularly Sydney, were moving to a “boom” like performance,” said Edwards.
“This was dangerous and could have led to a “bubble” and a severe correction if it continued. The slowing of the market at this point in time suggests that we are going to avoid this outcome. Having said this, the Sydney market is still overvalued and in reality too expensive,” he said.
In many areas across Australia, <a href="/news/brisbane-catching-up-but-overvalued-sydney-still-strongest-of-the-capital-cities-onthehouses-john-edwards">houses and units experienced negative growth rates for the month</a> – although overall national house growth was recorded at 0.36% in May. This compares to 1.71% in the last quarter. Units dropped nationally by 0.23%, compared to 1.17% growth over the quarter.
In Sydney, house growth was subdued at 0.24%, but remains 17.42% up over the last 12 months. House values in Melbourne dropped 0.03%, although still clocked in 9.45% growth over 12 months.
In fact, over the month, Country Western Australia recorded the highest house price growth rate with a 2.38% result. Perth, however, had the biggest house price decline, with a 1.9% fall.
In the Northern Territory, units grew the most by 1.53%, with unit values falling the most in Country Tasmania, by 2.73%.
These figures have Edwards a little more comfortable that growth rates will be subdued in the future.
“The data from May is not sufficient on its own to confirm that this lower rate of growth is about to be a new feature, but my best guess is that this will in fact be the case,” he said.
He also notes the Sydney unit market is likely passed its peak, with 2.81% growth for the quarter ending May.
House and land may not be quite at this point.
However, it is not as clear that the house and land market has arrived at the same position. 
“The Sydney house and land assets are more often traded via the auction market and hence clearance rates are potentially a lead indicator for this sector. In recent weeks, auction clearance rates in Sydney have been softer – our calculations indicate that the Sydney clearance rate was 68% for the week ending 14 June. This figure suggests a market that is now slowing.”
Turn the page for the full details of house and unit price movements across Australia.
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<img src="/images/2014/06/19/residex-june-19-one.jpg" alt="">
Source: Onthehouse.com.au
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Sydney market overvalued, with “bubble” potential: John Edwards

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Sydney's price growth this year will be between 5% to 8%, estate agent John McGrath forecasts.
"That would give us a collective 20% growth for the first couple of years of this cycle and that’s a significant – yet sustainable, rise in property values," he told the readers of <a href="https://www.switzer.com.au/the-experts/john-mcgrath-property-expert" target="_blank">his Switzer blog</a>.
He still expects further price growth in 2014 but says it will inevitably slow. 
John McGrath had earlier this year forecast up to 10% growth this year, so the upper range of his forecast has been adjusted slightly downwards.
"In Sydney, I think we will see 5% to 8% growth this year off the back of almost 15% last year," he said this week.
McGrath says the past year in Sydney real estate had been a "really exciting time."
"The market has been in full recovery mode and the hottest I’ve seen it in many years. 
"However, people are now starting to talk about it being all over," he recently noted. 
"I’ve been doing this for over 30 years and I can tell you recoveries never occur in a straight line. 
"We often have a bull run at the start; then after a period of great growth, it eases off. 
"Buyers become concerned they’re going to pay too much, others get sick of missing out and take a break. 
"Demand comes off the boil and price growth slows.  And that’s the key. It slows, it doesn’t stop or go into reverse.   It’s very healthy for markets to take a breather now and then during a new growth cycle. 
"That’s how price bubbles are prevented. 
"We saw 14.5% growth in 2013. At the start of this year, I was tipping 5 to 10% growth with an inevitable decline in the frenzied activity of 2013.  Sydney achieved 4.1% in the first quarter.  If we have just 0.5% growth every month for the remaining nine, we’ll end up with 8.6% for the year. That’s good, steady growth."  John McGrath said last year, the strongest segment in Sydney was inner city and beachside markets between $750,000 and $2 million. 
"Now, we’re seeing more activity in the higher price brackets and RP Data’s research confirms this trend." He said that as with most market recoveries in Australia, what happens in Sydney eventually happens everywhere else. 
"If Sydney is starting to slow down overall, other markets are probably about to heat up."
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