<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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Fridcorp’s first Sydney project, Eve, is set to launch their display home on Saturday 24 May with around 200 new apartments coming to market. 
The Erskineville development, which includes one, two and three bedroom apartments, is situated on the corner of Eve and Macdonald Streets.
It is expected to be a glitzy affair after they sent out fancy scented candles to potential buyers, according to The Australian, and after <a href="/expert-insights/buying/fridcorp-host-completion-party-for-avenue-in-south-yarra">their recent launch of South Yarra development Avenue</a>, which saw Manu Fiedel catering and a number of models hired for the event.
With interiors from Hecker Guthrie and dKO Architects, <a href="https://www.evebyfridcorp.com.au" target="_blank">Eve</a> is 250 metres from the train station and 10 minutes to the CBD.
It includes views of Sydney Park to the CBD, wide frontages and balconies, storage space and a communal rooftop leisure deck with private central courtyard.
One bedroom, one bathroom apartments are available from $525,000; two bedroom, one bathroom apartments from $750,000; two bedroom, two bathroom from $780,000; three bedroom, two bathroom from $1.1 million. Each comes with parking, built in wardrobes and air conditioning.
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jduke-EHk3XBmHkn

Fridcorp’s Eve to launch tomorrow in Erskineville

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Title Tattle noticed the Joseph Lycett water-colour that shows Point Piper in the 1820s sold last week at Sotheby's auction for $219,600.
The colonial Point Piper ­landscape, Eliza Point showing Captain Piper’s Naval Villa and Garden (picture above against a black background), was painted by the convict artist who lived between 1755 and 1828.
It is a watercolour and gouache on paper 40.6 x 54.7 cm
It had been listed with an estimate $100,000 to $150,000 ranged, knocked down at $180,000 totalling $219,600 with buyer's premium.
The watercolour, with eucalypt framing, was acquired by the present owner at auction in 1973.
Its provenance was given as Sir Reginald Marcus Clark whose estate sold it in 1954.
Before Clark it was owned by Dr. W. Gerald Holt of Melbourne.
It was exhibited in the Joseph Lycett: Convict Artist, Museum of Sydney, 2006; and National Library of Australia, Canberra, 2007.
It was the last known watercolour of Sydney Harbour remaining in private ownership by the renowned colonial artist Joseph Lycett.
Listed by <a href="https://www.propertyobserver.com.au/https://www.sothebysaustralia.com.au/list/AU0787/93" target="_blank">Sotheby’s Australia</a>, the scene captures the essence of early settler colonial Australia with the burgeoning township of Sydney visible in the middle distance. The vista is westward from the North Shore, near present day Hermit Point between Rose Bay and Vaucluse. Shark Island is in the foreground and the double
On the left rocky promontory of Eliza Point (now Point Piper) sits John Piper’s naval villa shown nestling below its curious cruciform fenced garden.
The spirit of Captain John Piper, the pioneer spendthrift, is still prevalent on the Point Piper peninsula.
Just as Captain Piper's Henrietta Villa was the colony's showpiece - costing 10,000 pounds and taking four years to build in the 1810s - there have been plenty of big spenders of recent times.
Title Tattle recalls the contemporary boom began when Brian Johnson's high-tech "Bang and Olufsen" house - taking two and a half years to build and possibly $10 million to complete - became Sydney's then most noteworthy mansion in the mid-1980s.
But Point Piper's spendthrifts have not always led charmed financial lives.
The ominous portent was set by Captain Piper. Henrietta Villa was sold in 1827 in a mortagee sale to distiller Daniel Cooper for 5,000 pounds shortly after he resigned in fiscal controversy from his Bank of NSW chairmanship. It has long since been demolished.
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jchancellor-FAypfDUnLy

Precious 1820s Point Piper watercolour of John Piper naval villa sells

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Over the three months to April 1990, the median selling price of a dwelling (a combination of houses and units) across Sydney was recorded at $152,500. 
As at April 2014, the median selling price of a dwelling was $680,000 which represents a 347% increase in selling price over the 24 year period.  Of course a median price is only measured across properties which actually transacted but it is interesting to look at what the median priced home is over time
The following charts will look at the changes in median price over time and the location of median priced sales.  Note that the each dot represents one sale and the red dots indicate house sales while the blue dots represent unit sales.  The buffers shown on the maps represent a 10 kilometre, 20 kilometre and 50 kilometre distance from the Sydney CBD.
Three months to April 1990
<img class="aligncenter size-large wp-image-3252" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-1990-580x533.jpg" alt="Sydney 1990" width="580" height="533">
The median price of a Sydney home over the three months to April 1990 was $237,000, across the city there was 12 sales at that price over the period, three of which were units and the remaining nine were houses. 
Apart from one sale at <a href="/news">Sylvania</a>, the reaming 11 sales all occurred within a 20 kilometre radius of the city.  For houses, you will note that four of the nine suburbs are located within a 10 kilometre radius of the city and for units, <a href="/news">Epping</a> was the only suburb with a sale outside of the 10 kilometre region.
Three months to April 1994
<img class="aligncenter size-large wp-image-3253" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-1994-580x537.jpg" alt="Sydney 1994" width="580" height="537">
Moving to April 1994, there were 34 sales at the median price over the three month period and the median price was recorded at $169,000. 
Comparing this chart to the previous chart you see that the median priced house is beginning to move further away from the city centre with only five of the 24 median priced house sales within 10 kilometres of the city centre and five of those 24 sales were located more than 20 kilometres from the city centre.  For units, three of the 10 sales were outside of a 10 kilometre radius of the city, two of which were more than 20 kilometres away.
Three months to April 1999
<img class="aligncenter size-large wp-image-3254" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-1999-580x540.jpg" alt="Sydney 1999" width="580" height="540">
By April 1999, the Sydney median house price was recorded at $237,000 and over that three month period there was 28 houses sold at that price and 31 units. 
The big shift over the five year period was the fact that none of the median priced house sales were within a 10 kilometre radius and a greater proportion were located more than 20 kilometres from the city than those within 20 kilometres. 
Within a 10 kilometre radius of the city, units where the only sales at the median price however, units transacting at the median price were becoming more common in areas more than 10 kilometres from the city centre.
Article continues on next page. Please click below.
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Three months to April 2004
<img class="aligncenter size-large wp-image-3255" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-2004-580x543.jpg" alt="Sydney 2004" width="580" height="543">
The median Sydney dwelling price over the three months to April 2004 in Sydney was recorded at $440,000.
Over the preceding three months there were 62 house sales and 65 unit sales at that price.
Compared to five years earlier there were a few house sales within 10 kilometres of the city centre however, once again the majority occurred more than 20 kilometres from the city centre.  For units, most sales still occurred close to the city centre however, more and more were transacting at the median price further away from the city centre.
Three months to April 2009
<img class="aligncenter size-large wp-image-3256" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-2009-580x544.jpg" alt="Sydney 2009" width="580" height="544">
By April 2009, the median dwelling price in Sydney was slightly lower than from five years earlier, recorded at $420,000. Keep in mind that from early 2004 to mid-2009 there was no growth in Sydney home values after they fell by around 10%.  
The map is quite similar to the previous one with 102 houses and 103 units sold at the median price. 
Once again only a few house sales were within a 10 kilometre radius of the city with the vast majority occurring more than 20 kilometres from the CBD.  Unit sales were fairly similar and mostly focused within the 20 kilometre radius of the city.
Three months to April 2014
<img class="aligncenter size-large wp-image-3257" src="https://blog.rpdata.com/wp-content/uploads/2014/05/Sydney-2014-580x550.jpg" alt="Sydney 2014" width="580" height="550">
Over the most recent three month period, the median Sydney dwelling price was recorded at $680,000.  Over the three month period (and note these figures will be revised higher) there was 31 house sales at the median price and 40 unit sales. 
Looking at the above map again we see few house sales within a 20 kilometre radius of the city and the median priced unit is pushing further away from the city centre with more and more sales occurring more than 10 kilometres from the CBD.
The analysis is an interesting exercise in how over time, the ‘typical’ home across the city is moving further and further away from the city centre. 
As a result, it is no wonder we are seeing growing levels of higher density development in the major capital cities.  As the typical housing option moves further away from the city centre, those that need or want to be close to the city centre look for more affordable alternatives such as units. 
As the city continues to grow and density in the inner city increases we would expect a further drift outwards of both the typical house and unit sale in Sydney.
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ckusher-ujnxiKuFQs

Sydney housing over time: A case study

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Clifton, the heritage listed Hunters Hill mansion, is the home of the next series of The Bachelor, replacing La Joie de Vivre at Bayview.
The reality television show on the struggling Network Ten is currently being filmed in the stunning mansion where the bachelor, Perth estate agent and property auctioneer Blake Garvey will hand out his roses.
“When you first meet Blake you’ll be struck by his height (6’5”) and his deep baritone voice (he’s been likened to Barry White),” <a href="https://www.acton.com.au/CarineGlades/?pagecall=staffMember&amp;staffID=105150" target="_blank">the Acton Real Estate Carine Glades’ website suggests</a>. Before the sometime model headed west to Sydney, he had two listings in the 6065 postcode from the office that services Carine, Duncraig, Padbury and Hillarys.
Clifton last sold in 1993 for $2.75 million to a investment syndicate which soon had the 5,124 square metre near-waterfront estate with a lawn tennis court available for $1,500 a week rental. It is not known officially what The Bachelor 's production company, Shine Australia, are paying the very large McCaffrey family who have been in residence, but $25,000 a week has been speculated.
Security plus Fresh Catering trucks were on the Woolwich Road driveway yesterday.
<img src="/images/2014/05/22/hunters-hill-may-22-three.jpg" alt="">
The 120-year-old Hunters Hill property, listed by the National Trust, was previously the matrimonial home of the late Michael Grace and his wife Carol, of the Grace retail family.
It is on a battle-axe Woolwich Road block with its privacy even from the riverfront protected by the 140-year-old Port Jackson fig trees.
The mansion was built by a former Sydney Stock Exchange chairman, John Ryder Jones in the 1890s.
<img src="/images/2014/05/22/hunters-hill-may-22-twenty-five-million.jpg" alt="">
It was purchased by the Howie family - pre-eminent Sydney builders - on Jones's death in 1919 and they remained for two generations.
Sir Archibald Howie carried out extensive works in the 1930s, leaving an art deco legacy which included a Philippine mahogany-panelled dining room and an Egyptian bathroom.
The Grace family purchased Clifton in 1974 for $500,000.
Following Clifton's sale, the 7,000 square metre property was subdivided, with two of Clifton's five blocks sold to the Tieck family for $180,000 in early 1975.
La Joie de Vivre has been sitting unloved by buyers above Sydney’s northern beaches since 2010. The first Australian season of The Bachelor was filmed at the stunning mansion last July. 
It's the home of the former freight tycoon Gregory Poche and wife Kayvan Norton at 68 Minkara Road, Bayview.
The lavish French provincial mansion sits among spotted gum trees, with views from its floor to ceiling windows. The residence was built for Beirut industrialist Agob Dellalian who sold it for $7 million in 2003.
Gregory Poche and wife Kay van Norton bought the property for $10 million in 2003 through Claudio Marcolongo of LJ Hooker Avalon, and Christie's agent Ken Jacobs. La Joie de Vivre, meaning the ‘joy of living’ in French, catches impressive 180-degree view of Pittwater.
The couple have relocated to Little Manly Cove.
 
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Channel Ten's The Bachelor heads to Hunters Hill, leaving La Joie de Vivre behind

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The Turramurra property Linwood, designed in 1929 by architect Hugh Venables Vernon, has been sold.
It sold pre-auction for an undisclosed price having had $2.5 million hopes through Belle Property Pymble's Lesley Bassam.
<a href="https://www.belleproperty.com/selling/NSW/North-Shore-~-Upper/Turramurra/House/17P2914-23-womerah-street-turramurra-nsw-2074" target="_blank">The 1,739 square metre property Womerah Street property</a> last traded in 1996 for $910,000 when it was bought by Lissa and Nicholas Swan, the former director of Peppers Hotel Group and now company secretary of mining services company AJ Lucas Group.
It was renovated in 2012 enhancing its original features that include rich mahogany and cedar timber features, with polished floorboards and original fireplaces.
The grounds come with a pool and gazebo amid landscaped gardens with century-old trees. 
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Linwood, the Hugh Venables Vernon Turramurra house sells

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Prime residential prices in key cities worldwide rose by 0.8% on average in the first quarter of 2014, the slowest rate of growth since Q3 2012.
The Knight Frank Prime Global Cities Index tracks the price performance of 32 luxury residential markets.
Closer analysis shows the first quarter of the year has been the index’s weakest performing quarter in two years.
The first quarter, for many European and US cities, corresponds to the winter months where sales activity is sluggish and price movements slower.
The report noted in much of Asia it also marks a traditional low season as Chinese New Year sees sales activity decline.
In addition, tax changes (CGT, VAT etc) often take effect at the end of December leading to a spike in sales in the fourth quarter as buyers and vendors look to take advantage of lower rates e.g. fiscal cliff in New York in 2012.
Despite the slower quarterly rate of growth, the Prime Global Cities Index rose by 6.1% on an annual basis, up from 4.8% a year ago suggesting the overall trend for luxury prices continues to follow an upward trajectory.
Jakarta tops the rankings but Dublin saw the second highest rate of quarterly growth, with prime prices ending the first quarter 5.6% higher.
Last year marked a turning point for Dublin’s upmarket residential areas such as Dalkey and Ballsbridge. Since then luxury prices have risen around 24% but prices remain 35-45% below their pre-crisis peak.
<a href="https://www.knightfrankblog.com/global-briefing/files/2014/05/Prime-Price-By-City-to-Q1-2014.jpg"><img class="alignleft size-full wp-image-3309" src="https://www.knightfrankblog.com/global-briefing/files/2014/05/Prime-Price-By-City-to-Q1-2014.jpg" alt="" width="285" height="413"></a>
The full rankings and analysis is at <a href="https://my.knightfrank.com/research-reports/prime-global-cities-index.aspx" target="_blank" title="Prime Global Cities Index" style="line-height: 1.3em;">The Prime Global Cities Index</a>.
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Sydney squeezed in-between London and Vancouver price growth: Knight Frank global cities index

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Australand Property Group and joint venture partner LaSalle Investment Management have won the right to buy a residential site owned by UrbanGrowth NSW in North Ryde, Sydney.
The price of the 1.3 hectare site is understood to be about $50 million.
Located adjacent to the newly completed North Ryde train station, it is expected to yield up to 400 apartments 
It forms part of the North Ryde Urban Activation Precinct.
The site is well serviced with close access to education facilities, including Macquarie University; a major regional shopping centre; and employment precincts.
The site’s zoning permits a mixed used development so will include as a small retail component.
“Following the success of existing projects in Wolli Creek and Clemton Park, we look forward to expanding our partnering relationship with LaSalle Investment Management," Australand’s Managing director, Bob Johnston, said
“Securing this project further strengthens our position in the Sydney market and provides greater visibility of our medium term residential pipeline with the project expected to deliver earnings from 2016,” Mr Johnston said. 
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Australand secures North Ryde residential infill site

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Hindmarsh’s $41 million 18-level  residential tower is undergoing construction, with a crane currently visible on the Sydney CBD site.
The development, <a href="https://aspiresydney.com.au/index.php" target="_blank">Aspire</a>, is in the southern part of the CBD, near Hyde Park, and is being built by Hindmarsh Construction. It is almost 100% sold.
Hindmarsh NSW state manager development, Steve Laffey, said that it is an important addition to their Sydney portfolio.
“The project has been successful in appealing to buyers at a time when demand for quality apartments in the CBD remains robust,” said Laffey. 
Including 48 apartments, it will include a podium level to Alberta Street. The two- and three-bedroom apartments, of which the majority are north-facing, have been selling from $840,000. They come with secure parking.
It is set for completion in December 2014.
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Construction progressing on $41 million Sydney CBD Aspire

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McGrath Estate Agents expects more than $825,000 for the Darling Point apartment that Lara Bingle bought from interior designer Blainey North for $882,000 in 2010, soon after her break-up with Test cricket captain Michael Clarke.
It's a stylish one-bedroom that is <a href="https://www.mcgrath.com.au/buy/apartment-darling-point-nsw-2027/225301/?searchID=39312079" target="_blank">set for </a><a href="https://www.mcgrath.com.au/buy/apartment-darling-point-nsw-2027/225301/?searchID=39312079" target="_blank">June 14 auction</a>.
It is a Goomerah Court company title art deco apartment apartment with city and harbour views from most of its 65 square metre space. It was not the apartment that Lara lived in while filming her reality television series, which was based on Notts Avenue, Bondi Beach.
It has American oak parquetry floors. It had been traded at $700,000 when bought by Blainey North.
There have been two other McGrath sales in the block when $925,000 was secured for <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment-darling-point-nsw-2027/76865" target="_blank" style="line-height: 1.3em;">a two bedroom unrenovated listing</a> and then a <a href="https://www.mcgrath.com.au/buy/apartment-darling-point-nsw-2027/193910/?searchID=38820498" target="_blank" style="line-height: 1.3em;">renovated two bedroom sale last October</a> at around $800,000 which Title Tattle suggests would explain the latest pricing estimate.
RP Data puts the current apartment median in <a href="/news">Darling Point</a> at around $1.2 million, which has eased over the past month from $1.3 million.
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Lara Bingle looks set to lose on Darling Point apartment listing

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Low interest rates and confidence built through growth in the stock market have senior economist for Australian Property Monitors, Andrew Wilson, predicting an uptick. He believes that the lower north shore, northern beaches and city east are following the boom seen in the lower and middle markets in Sydney.
Already, over the March quarter, APM’s figures recorded 8% growth in the prestige market, compared to the western suburbs’ 3.9%.
He revealed, at the second annual LJ Hooker Mosman Investment Seminar, that the middle and lower ends are tampering off, however the lower north shore is firing up.
“Current prestige markets are definitely not as advanced in the price cycle as previous highs in 2009 and 2010, there is still some way for that market to reach the top,” he said.
In fact, he believes that by the end of 2014, the lower north shore will have seen 10% in growth.
“There is no stopping the prestige property market at the moment, there is still a lot of positive energy buzzing around with reports of the highest price growth since 2003,” he told seminar attendees.
“This positive atmosphere has worked as a mindset shift for possible buyers and sellers in that market, rather than an underpinning driver.”
LJ Hooker Mosman director Bernard Ryan said that he is seeing properties over $1.8 million transacting faster.
“Investors and upgraders have been honing in on the lower north shore since interest rates started trending down in November 2011, but activity really gathered pace in the last year,” Ryan said.
“We’ve always had a strong contingent of locally-based clients, but interstate-based and overseas investors have increased their presence recently.”
Areas for potential growth:
<ul>
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<a href="/news">Mosman</a> 
</li>
<li>
<a href="/news">Cremorne</a> 
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<li>
<a href="/news">Neutral Bay</a> 
</li>
<li>
<a href="/news">Kirribilli</a> 
</li>
<li>
<a href="/news">Milsons Point</a> 
</li>
<li><a href="/news">Lavender Bay</a></li>
</ul>
Source: LJ Hooker Mosman
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