<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

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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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Sydney

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The Block Vaucluse 2010 contestants Erin and Jake Michael have listed their Coogee apartment for 26 May auction following the birth of their son, Jagger last September.
Their two-bedroom Nathan Street apartment was bought in late 2008 for $406,000, having previously sold at $385,000 in 2003.
They spent around $100,000 on renovations for the 59 square metre apartment.
LJ Hooker Double Bay agent Sean Poche has been telling inspectees of <a href="https://doublebay.ljhooker.com.au/MB1F93" target="_blank">8/3 Nathan Street</a> that more than $600,000 is the price guidance. 
<a href="https://webcache.googleusercontent.com/search?q=cache:x8FKPN_ZZwIJ:https://www.facebook.com/erinmichaelstyling+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=au" target="_blank">Erin</a> is a freelance interior and food stylist, briefly for Real Living Magazine, and remains accredited sports dietitian.
Jake Michael married to Erin Berghofer in September 2010.
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jchancellor-FAypfDUnLy

Erin and Jake Michael - from The Block 2010 - list Coogee apartment

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The Manassen small goods family have listed their Bennelong apartment with $13 million expectations, given plans to remain on the Mosman harbourfront compound.
The two-storey penthouse at <a href="https://www.domain.com.au/property/for-sale/penthouse/nsw/sydney/?adid=2011125404" target="_blank">7 Macquarie Street</a> (pictured above) was bought in 2011 for $12 million from the bulky goods entrepreneur Brett Blundy.
The now renovated four bedroom four bathroom apartment has 600 square metre space, including a 190 square metre balcony deck space. It has been listed through Bill Malouf of LJ Hooker Double Bay.
There hasn't been much sales success since when I last tallied the number of <a href="/news/plenty-of-blue-sky-with-12-sydney-penthouses-at-10-million-or-more-which-one-to-buy">prestige apartments on the market</a> with the weekly He Said, She Said, Property Observer columnist Margie Blok.
A 24th floor whole floor apartment in The Quay on Phillip Street, overlooking Circular Quay has been listed through Morton &amp; Morton at $12.5 million.
There has been the recent sale of Frank Tagg's Market Street penthouse after years on and off the market, but prestige penthouse offerings are still at plague proportions.
Apartment 3510/70 Market Street (pictured below) cost $4.5 million off the plan in early 2000 when the McDonalds franchisee Frank Tagg bought into the complex.  It sits high above the Myer CBD retail development, in Tower Apartments. <a href="https://sydneysothebysrealty.com/3905505/3501-68-Market-Street-Sydney" target="_blank">Apparently it sold through Sothebys agent Richard Cooper at around $8 million</a>. Back in 2003 it was expected to bring more than $11 million, then in 2007 more than $8 million was tipped.
<img src="/images/2014/05/09/sydney%20may%209%20two.jpg" alt="">
Tagg, the former Western Suburbs first-grade footballer relisted the 640-square-metre Market Street penthouse when he and wife Sally move into their Rose Bay residence several years ago.
There has also been the sale of the penthouse atop <a href="/news/plenty-of-blue-sky-with-12-sydney-penthouses-at-10-million-or-more-which-one-to-buy">The Georgia which was listed for sale at more than $10 million</a> with expressions of interest through Jason Boon at Richardson &amp; Wrench Elizabeth Bay after being developed by the hotelier Chris Crawley.
It was for sale under instructions of receivers PPB Advisory. It has settled with the $10.95 million price revealed in its purchase by philanthropic Americans John Alchin and Hal Marryatt.
The Georgian on 22 Macleay Street was finished in 2010, with Crawley retaining the three-level penthouse as his own. It has 680 square metres of space with a rooftop pool and panoramic views stretching from the city skyline to The Heads.
The top apartments that still remain for sale include:
1) The ultimate - well priciest - trophy penthouse listing currently on offer is at 1 Macquarie Street overlooking Circular Quay (pictured below). In the Bennelong complex directly behind the Opera House, it is for sale with price hopes of more than $30 million. <a href="https://doublebay.ljhooker.com.au/MD9F93" target="_blank">There is now a June 10 expressions of interest campaign</a>.
Originally designed as four separate apartments, this enormous harbourside penthouse was consolidated by hoteliers Cyril and Margaret Maloney after the couple purchased four units off-the-plan in 1999 for almost $14 million. The penthouse has been listed for the second time in five years. In 2010 it was listed with a $30 million price tag, but failed to sell.
Following the death of Mr Maloney last year, his widow has placed the property on the market through Bill Malouf of LJ Hooker Double Bay and Michael Pallier of Sotheby's International. With annual strata fees reported to be well over $100,000, the 700 square metre apartment has its own lift lobby, a wine cellar, billiards room, a grand main bedroom suite, dressing rooms and a multimillion-dollar view of the Harbour Bridge and Opera House concourse. There are also five car spaces on title.
Malouf and Pallier suggest the penthouse will attract an international buyer due to its unique landmark position in the dress circle between Circular Quay and the Botanic Gardens. 
<img src="/images/2014/03/21/sydney%20march%2021%20one.jpg" alt="">
2) In second place, with reported $20 million hopes, is the Darling Point penthouse of the late Macquarie Bank co-founder David Clarke. With about 740 squares metres of Babworth House (pictured below), the Arts and Crafts mansion built in 1915 for retailer Sir Samuel Hordern, the Mount Adelaide Street apartment was bought by Clarke in 2003 for $8 million.
Architect Michael Suttor and designer Michael Love collaborated on its interiors, which boast a grand reception hall, sweeping staircase, study, gym, and formal and informal living areas. Clark’s widow Jane Clarke has it listed with Sotheby’s Michael Pallier.
<img src="/images/2014/03/21/darling%20point%20march%2021%20one.jpg" alt="">
3) The next most expensive is the Darlinghurst penthouse of high-rise Horizon which remains for sale after it was withdrawn from auction last weekend through Bill Bridges of Ballard Property.
Crowning the distinctive Harry Seidler-designed tower, the 43rd-floor penthouse (pictured below) is owned by Tasmania’s gambling arts patron, David Walsh, who’s the proprietor of the much-admired MONA gallery and Moorilla Estate vineyard. Walsh had listed his penthouse with $16 million price expectations.
To entice buyers and sweeten a deal for prospective purchasers, he was to offer the buyer select artworks from his private collection, including a watercolour triptych on paper by John Olsen to remain, though it makes more sense to keep the oil painting by Michael Johnson in situ. Walsh bought the penthouse from property developer Lang Walker in 2002 for $10 million through Bridges - it exceeded Sydney's then $8-million penthouse record.
<img src="/images/2014/03/21/darlinghurst%20march%2021%20one.jpg" alt="">
4) The Residence on College Street overlooking Hyde Park still has a sub-penthouse (pictured below) remaining for sale with $16 million hopes.
Known as The Archibald, it was withdrawn from recent auction by CBRE agent Ben Stewart. <a href="/expert-insights/investing/chinese-riddle-unravelling-over-the-lucky-penthouse-88-in-sydneys-the-residence">I honed in recently on the mystery $17 million buyer</a> of The Residence's true penthouse known as The Sulman and luckily numbered 88 in the building.
The buyer is Huang Shannian with clues about him coinciding with a person of the same name who featured on the 2009 Huran Richest Chinese People list at 88th place before disappearing from public view. With 690 square metres of space, the three-bedroom Archibald sub-penthouse has panoramic views and includes a private pool and spa, a rooftop kitchen and outdoor terraces.
<img src="/images/2014/03/21/l_hyde-park-feb-14-breakout.jpg" alt="">
5) At Bondi Beach, a pair of penthouses, owned by celebrity accountant and yachtie Anthony Bell, is listed for sale by expressions of interest closing March 28 through McGrath agent, James Dack.  
Atop The Bondi, a modern complex on Campbell Parade, the two penthouses were purchased by Bell for $7,725,000 in 2006 and then a supposed $9 million in 2010. Each has three bedrooms, three bathrooms, large open-plan living spaces, a Calacutta marble kitchen and a staircase leading up to an enormous rooftop entertainment deck. Bell and his Getaway presenter wife, Kelly Landry, are off to a waterfront house at Watsons Bay bought for $12.5 million last year.
There have been $15 million reported expectations for Bell’s pair of penthouses in The Bondi.
6) There are $15 million-plus hopes for The Eliza penthouse on Elizabeth Street, Sydney. Developed by Edward Doueihi of Ceerose, The Eliza is under construction and due for completion this year.
Spanning three levels overlooking Hyde Park, the 460-square-metre penthouse will sit atop a 17-storey building designed by the architects Tony Owen Partners.
It features four bedrooms, five bathrooms, a home theatre, a private lift, 3.5-metre-high ceilings, a massive 13.5-metre frontage overlooking the park and full automation through C-Bus. The top level comprises the entertainment terrace with a 10-metre lap pool.
Many of the lower floor sales have been through Savills. The full floor offerings are being marketed by Nigel Napoli and Irene Lau of Savills, in conjunction with Richard Shalhoub and Hamish Robertson of McGrath.
7) Some years after completion, The Stamford Residences penthouse at 171 Gloucester Street (pictured below), Sydney remains listed with $15 million expectations.
In 2007 when, when the Stamford Residences was the latest high-rise in The Rocks, the four-bedroom penthouse was been listed with $16 million-plus expectations.
With Thomas Hamel designed interiors and numbered 28A in the Kahn Finch-designed building, the four-bedroom, five-bathroom penthouse has 567 square metres of indoor and outdoor space with views to the north and west, and frontages to Gloucester and Cumberland streets. It is listed through Colin Griffin of CBRE Residential Projects.
<img src="/images/2014/03/21/sydney%20march%2021%20two.jpg" alt="">
8) Two adjoining apartments in Highgate are offered for the first time together (pictured below).
With $12 million hopes, the two most northern penthouse apartments, numbered 2802 and 2803, have a total of around 600 square metres which includes eight bedrooms, six bathrooms, vast living areas and parking for five cars. Robert Alfeldi of Feldi Property Agents has the offering.
<img src="/images/2014/03/21/sydney%20march%2021%20three.jpg" alt="">
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It's still crowded atop Sydney's penthouse market offerings

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Some Sydneysiders may have walked past 201 Castlereagh Street in the past, noting the small 'Scientology' signs if they paid attention. However, this subtlety will be no longer, after a complete upgrade to the building and the introduction of large ‘Church of Scientology’ branding.
The beautiful 1908-built structure has had two storeys added, where initially three were proposed, and has had a number of its heritage features restored. The brick pilasters and bronze-glazed glass curtain have been brought up to the modern day. The building overlooks Hyde Park.
The $12 million lump sum contract, awarded to Kane Constructions in March 2013, had a vision of additional commercial offices and spaces, as well as new lifts, wet areas, a lobby and building services.
They worked with Nix Management and WMK Architecture to deliver the project.
<img src="/images/2014/05/08/scientology%20may%208%20one.jpg" alt="">
The launch of the completed building, on 3 May, saw 2,500 Scientologists attend. Official information says that the building’s congregation is ‘ever growing’ and that it serves as a hub for “people of all faiths and cultures across New South Wales”.
Launching the building with an address was David Miscavige, the ecclesiastical leader of Scientology.
“There’s a new sign in the southern night skies and it points to something never seen before—your Ideal Org of Sydney. That it opens directly in the wake of what is a whole new Scientology world lends it even more significance. Because for all the help you thus far extended to the millions, you now possess the means—in this, our Golden Age—to uplift this city and this nation with the unqualified freedom of Scientology,” said Miscavige.
Attendees include Federal Member of Parliament Julie Owens, Australian Human Rights Council president Sev Ozfowski, Young Offenders Support Service programme manager Kalisi Bese and Aboriginal elder of the Dunghutti people Bill Allen.
Those who attend the newly refurbished building are provided with a Dianetics and Scientology introduction.
The Church of Scientology, Sydney, moved to the site in the 1980s. This year is the 60th anniversary since the formation of the Church of Scientology. Fundraising for this project through Ideal Org has occurred for some time, with online discussion as to when the building would be brought up to standard.
<img src="/images/2014/05/08/scientology%20may%208%20two.jpg" alt="">
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jduke-EHk3XBmHkn

201 Castlereagh Street, or The Church of Scientology, restored

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{yoogallery src=[images/stories/september21lewis]}
The former Sydney Harbour home (pictured above) of the late arts patron Ann Lewis has returned to the market.
<a href="https://www.domain.com.au/property/for-sale/house/nsw/rose-bay/?adid=2011161743" target="_blank">Amaroo</a> has been listed by its 2011 Hong Kong-based expat buyer who paid $15 million, and briefly tenanted it.
It now comes with approved new dwelling plans with a $2.9 million design by Collins &amp; Turner. There are $18 million expectations.
Its latest marketing is through Alison Coopes, and presumably starkly empty. Its rooms last time were still covered with artworks, though a large John Olsen painting that hung in her dining room for 45 years had been donated it to the Newcastle Regional Gallery. <a href="https://www.propertyobserver.com.au/new-south-wales/ann-lewis-sydney-harbour-home-ready-for-its-next-patron/2011092151632" target="_blank" style="line-height: 1.3em;"></a>
<a href="https://www.propertyobserver.com.au/new-south-wales/ann-lewis-sydney-harbour-home-ready-for-its-next-patron/2011092151632" target="_blank" style="line-height: 1.3em;">The 1909 residence</a> at 8 Bayview Hill Road comes with direct access to a sandy beach and private deepwater jetty.
Ken Jacobs at Christies International in conjunction with Andrew Livingston and Brett Talbot from McGrath Estate Agents secured the last sale which was bullish especially for the harbourfront reserve location.
It has been listed by Shaun Browne from AME Group, the minerals analysis company.
It was the home of Ann Lewis for about 55 years, and was listed by her four children, Amanda Zsebik, Tony Lewis, Annalise Scanlan and Daniel Lewis, following her death in May 2011. A Mungindi grazier's daughter, Ann Livingston met building construction magnate John Lewis on the dance floor at Prunier's in Woollahra.
The sale fell short of Rose Bay's $18.2 million top sale, which was a newly built contemporary house when sold in 2006.
There has also been the nearby higher sale, but the mystery remains on the sale details given extended settlement terms.
It was the early 2013 sale by the veteran technology investor Neill Miller who sold his Rose Bay mansion for a rumoured $30 million.
There was no public marketing of the contemporary Rose Bay abode built on the harbourfront reserve location at the base of the steep cul-de-sac sandwiched between the Kambala and Kincoppal-Rose Bay schools. 
The land was bought for $7.75 million in 2002 along with a $3 million acquistion in 2005 of a portion hived off from Sacred Heart convent land holdings.
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Expat lists Amaroo, Ann Lewis' longtime romantic Rose Bay villa

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New 20-level AQUA development is to be the new gateway to Bondi Junction, located on the corner of Oxford Street and Hollywood Avenue, just 500 metres from Bondi Junction train station. The 129 apartments in <a href="https://www.aquabondijunction.com.au" target="_blank">AQUA</a> on offer are aiming themselves towards owner occupiers and investors, with Leighton Properties, in a joint venture with Qualitas, bringing the properties to market. The apartments are one-,two- and three-bedrooms, the majority with car spots, and all with access to the 146 bicycle spaces.
Property Observer previously noted that <a href="/news/nsw/two-20-storey-apartment-towers-aqua-to-be-launched-in-bondi-junction">the apartments were soon to be launched</a>.
Architect Kannfinch, with DC8 Studio, are behind the design - looking to maximise the apartments' aspect to ensure all are north-westerly or north-easterly. The majority face north-west. There are two towers with a central corridor connecting them.
The development will include two rooftop gardens and lobbies on each level. It also has a podium with a retail and outdoor space mix.
<img src="/images/2014/05/08/aqua-may-8-one.jpg" alt="">
Kannfinch senior associate, Mark Sheargold, said that the north-west facade of the north tower has city views, while the south tower has ocean views, both taken advantage of from floor-to-ceiling glass windows and balconies.
“In perspective, no entire elevation can be viewed at once which is intriguing to viewers and strengthens the gesture that you are looking at a sculpture form in-the-round,” he said. The interiors have been designed by renowned Koichi Takada Architects.
Koichi Takada said that he incorporates a Japanese sensibility into the architecture.
“Our inspiration comes from the location of AQUA, which is an interchange between a connected, convenient and bustling shopping and transportation hub and some of Sydney’s best beaches – an escape to nature, water and waves,” he said.
“We’ve created two distinct schemes; one called ‘Breeze’ and the other ‘Drift’, and used new materials to experiment with playful shapes. The finishes are a balance of polished modern materials coupled with the warmth of textured, natural timber.”
Peter Chittenden, managing director at Colliers International, said that the development is on the most prominent site at Bondi Junction, and is one of the last high-rise opportunities for the foreseeable future.
“Residents need never use their car to get to work, do the shopping or meet friends for a drink, reducing the stress of urban life and easing pressure on the environment,” Chittenden said.
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Bondi Junction's AQUA launched to be area's new gateway

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Calling Barangaroo an important precinct in Sydney, Urban Taskforce CEO Chris Johnson has said that the City of Sydney’s concerns prompting suggestions for the site to be reduced should be rejected.
Citing a recent PricewaterhouseCoopers report, that saw Sydney CBD as being low growth in economic output, compared to Melbourne and Brisbane, Johnson said that the City of Sydney Council’s reduction in scale ideas for Barangaroo should not become a reality.
“Melbourne’s annual economic growth was 4.7% a year, Brisbane’s 4.4% while Sydney’s was only 2.2%,” he said, arguing that Barangaroo is crucial for the future of Sydney. What Sydney will be like in 2050 was a recent topic of discussion on Property Observer.
“We need to get Sydney CBD back as the leading economic driver of Australia and that requires leadership from state and local government to encourage new development rather than trying to stop it,” he said.
Bold thinking that aims for growth, specifically in the CBD, is crucial, he explained.
“Barangaroo has 22 hectares of land and even the latest potential for 680,000 square meters of development is just over a three to one floor space ratio. Most of the city has buildings over 10 to one floor space ratios so Barangaroo is not excessive.”
He said that the Council should not be taking a negative position on this development, but should get behind the important precinct and help promote it.
However, significant changes have occurred since the Council’s initial involvement. Fairfax Media recently reported that the development has doubled in size since its conception, and that relations have recently deteriorated between the council and the government over the development.
Photo courtesy of Wikipedia/Creative Commons.
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Urban Taskforce criticises suggestion to reduce size of Barangaroo

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An article in the weekend Financial Review opened with:"Macquarrie Group, a bellwether for the strength of the office leasing market, is expanding."
And this clearly accords with a recent report released by BIS Shrapnel, which confirmed the office recovery would be stronger in "service and trade exposed markets like Sydney and Melbourne, but weaker in the mining-based markets such as Perth and Brisbane".
<img src="/images/2014/05/06/lang%20may%207%20one.png" alt="">
Source: Knight Frank/Australian Financial Review.
For Melbourne, you are now seeing strong demand in and around the city fringe — mainly within Southbank and the Docklands precinct.
Developers in these areas enjoying obvious cost advantages, which are then reflected in a lower rent profile for their prospective tenants.
And this is what led the likes of ANZ and NAB to relocate to Docklands, over a decade ago.
A growing number of major corporate tenants are progressively realising they no longer need be located within the heart of Australia's CBDs.
Instead, they can pre-commit to prime-grade Offices at very competitive rentals — and have that accommodation designed and fitted out, to meet their specific needs.
And this demand appears to be flowing through to established suburban markets as well.
With most of these new developments having significant pre-commitment from major tenants … this should curb the tendency for speculative development, over the next 3 to 5 years.
And this will help safeguard against an oversupply of space, within the Sydney and Melbourne office markets.
 
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chrislang-EQKojcgJPV

Demand for office space on the improve

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Doubling the height of Sydney's skyscrapers by 2050 is a necessity to retain its position as Australia's number one city, according to the Urban Taskforce.
In fact, Melbourne, Brisbane and "even Parramatta" have plans for taller buildings than Sydney, said CEO of Urban Taskforce, Chris Johnson. He noted that this step is required if Sydney wants to stay on par with other Australian cities, and with Shanghai, Hong Kong and Singapore.
“Sydney needs to take a strong pro-growth position as recent data from a report by Price Waterhouse Coopers indicated that Sydney’s annual economic growth over the last 10 years was half that of Melbourne and Brisbane. Sydney grew economically each year at 2.2% while Brisbane grew at 4.4% and Melbourne at 4.7% each year," said Johnson.
He warned that Sydney is being held back by out of date planning rules, setting the underside of the 1970s-built Sydney Tower as the cap on heights for new buildings.
“The world now has dozens of high-rise towers planned or built that are double the height of Sydney Tower. Across Asia many cities are building towers that are symbols of the prosperity and the optimism of that city’s economic growth," he said.
The topic of how Sydney will cope by 2050 has seen many commentators weighing in. Observer <a href="/expert-insights/investing/our-politicians-are-ignoring-the-realities-of-population-growth">Robert Simeon previously warned that politicians are ignoring the realities of population growth</a>, which is expected to grow by 60% to 2050, that may leave the city in strife unless they plan now. Is this what Sydney will look like in 2050?
As part of this debate on pushing Sydney into the future it needs, Urban Taskforce called on three top architects to share their visions for what the city could look like in 2050.
<a href="https://www.urbantaskforce.com.au/urbanideas/may2014/Bates-Smart.pdf" target="_blank">Bates Smart's Philip Vivian: 'Sustainability, Economic Development, Amenity'</a>
<img src="/images/2014/05/02/sydney-2050-april-2-four.jpg" alt="">
<ul>
<li>A new metro system crossing the harbour. 
</li>
<li>Development of super tall towers around the new metro stations (which could fund this system).</li>
</ul>
<a href="https://www.urbantaskforce.com.au/urbanideas/may2014/FJMT.pdf" target="_blank">Richard Francis-Jones: A 'symbiotic' city</a>
<img src="/images/2014/05/02/sydney-2050-april-2-five.jpg" alt="">
<ul>
<li>New green parks crossing the Harbour Bridge. 
</li>
<li>High-rise developments with solar access planes (which could fund the parks). 
</li>
<li>East and West green blocks to be the focus. 
</li>
<li>Extension of Prince Alfred Park.</li>
</ul>
<a href="https://www.urbantaskforce.com.au/urbanideas/may2014/F-P.pdf" target="_blank">Fitzpatrick+Partners' James Fitzpatrick: 'Keeping, Restoring, Creating'</a>
<img src="/images/2014/05/02/sydney-2050-april-2-six.jpg" alt="">
<ul>
<li>A number of centres within itself, including North Sydney, Glebe Island, Central Station and Woolloomooloo, each with a different 'theme'. 
</li>
<li>These would be connected by a circular metro line. 
</li>
<li>Foot, ferry, bike and light rail linking the separate centres should all be considered.</li>
</ul>
Urban Taskforce:
<ul>
<li>Mixed-use metropolitan centre. 
</li>
<li>Workforce increasingly connected to world finance and consulting services. 
</li>
<li>Cafes, restraints, public spaces and culture facilities. 
</li>
<li>World class transport system based on a metro network.</li>
</ul>
What do you think the Sydney of 2050 needs the most?
You may also want to read:
<a href="/expert-insights/investing/big-australia-is-going-to-get-a-whole-lot-bigger">'Big Australia' is going to get a whole lot bigger</a> by Macquarie University associate professor Nick Parr
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Is this what Sydney will look like in 2050?

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Manly-Warringah fullback Brett Stewart has sold his Balgowlah house having achieved his hopes of $1.35 million-plus.
The four-bedroom townhouse, with water glimpses, sold this week pre-auction.
It cost $1.33 million in late 2011.
It had been scheduled for 4 May auction through Anthony Calacoci of Belle Property Manly.
<a href="https://www.belleproperty.com/12P4661" target="_blank">The three storey Nield Avenue townhouse duplex</a> was built five years ago.
The News Ltd local paper, The Manly Daily reported its sale.
The Sea Eagles says the sale was about downsizing, with the likelihood he would be remaining in Balgowlah.
 
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Brett Stewart finds pre-auction Balgowlah buyer

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The tennis champion Pat Rafter has listed his Woollahra terrace with $2.6 million plus hopes for June 7 auction through Paul Ephron of Run Property.
<a href="https://www.realestate.com.au/property-house-nsw-woollahra-116801671" target="_blank">The contemporary Wallis Street three-bedroom terrace</a> cost $2.35 million in 2007.
The Noosa-based sportsman previously had his Sydney home on Hopetoun Avenue, Mosman which was sold in 2007 for $7.75 million.
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