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

Sydney

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Omega, a Glebe development at 39 Greek Street, is marketing it apartments with the advertised benefit of low strata fees.
Boasting strata levies half those of highrise apartment buildings, due to the lack of pools, gyms and concierges, instead offering a rooftop garden, they have been advertising the 10 under $650,000 to first home buyers.
The building is four-storeys and is designed by Environa Studio, and developed by LIVstyle Group.
In total, Omega has 16 one-bedroom apartments of 50 to 52 square metres internally, plus from 10 to 44 square metres externally. Without parking, they cost $545,000 upwards. For those with parking the price is from $640,000.
There are also a couple of two-bedroom terraces, from 88 to 91 square meters internally and with 31 square metres externally, from $905,000, both with parking. The two three-bedroom apartments span 102 square metres internally, plus nine square metres externally, from $965,000 with parking.
It is the second to its mirror-image, Alpha, which sold before marketing material was produced.
Peter Shield, project director at Ray White Real Estate Erskineville, said that they’re well priced.
“Because this is a boutique-size building without expensive communal facilities, levies will be low so on-going costs will be extremely moderate,” said Shield.
“Somehow people heard about the [Alpha] development well before we were ready to launch. They didn’t need to see glossy images or read purple prose, and were not put off by the fact we only had basic floorplans, a price list and some architectural sketches,” he said.
Property Observer imagines it wasn’t an accident that buyers heard about the development, particularly as they note that a friend of the developer was provided a preview and bought an apartment, however concedes to Shield’s point that “Opportunities in Glebe are rare”.
Omega is set for late-2015 completion, with forecasted weekly rents of $600 to $650 for one-bedroom units, and $800 to $850 for two-bedroom units.
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Boutique Glebe apartment complex with low strata fees coming to market

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Already the questions are streaming in: how will the new Sydney airport impact on property markets?
Will Badgerys Creek make Penrith become a boom town? Will Liverpool surge? Where should I buy to benefit?
Many issues are evident here. One is that investors are constantly trawling for opportunities and for events that will be game-changers. Some are looking for shortcuts to wealth and see an announcement like Badgerys Creek as the door to a rapid windfall, if they can zero in on the best places to invest.
Another issue is about risk in real estate. And another addresses the elements that generate out-performance in real estate investment.
Let’s take the last issue first. There’s no doubt infrastructure is the biggest creator of real estate wealth. New infrastructure is the ultimate game-changer.
And the most influential is transport infrastructure.
<blockquote>
I suspect more people will waste money buying in haste than make money by getting it right.
</blockquote>
Hotspotting research shows that suburbs with commuter train stations have higher capital growth rates than those without. A new motorway or bridge can revolutionise the appeal of a location by making it more accessible. The intersection of two motorways is a magnet to warehousing and logistics real estate – and other forms of property spin off it, including residential.
The thing about a major new international airport is that it’s a double-edged sword, it can create problems as well as opportunities. Property under the flight path may suffer while others will benefit from the economy generated by the facility.
It’s similar with a commuter train station: the ideal is to be within walking distance but not so close as to suffer from the noise and the traffic.
The most direct real estate beneficiaries of a new airport are outside the residential sphere. A new airport creates, firstly, demand for hotels and secondly, for warehousing and other light industrial property.
Residential is an indirect beneficiary because an international airport creates a new economy with tens of thousands of jobs, and people like to live close to their work.
But perhaps the core issue is risk. When a project like Badgerys Creek is announced, lots of people dash about looking for ways to make a killing from buying strategic real estate. But the airport may never happen. This is the ultimate political football and there will much upheaval along the road to construction. Plans for a second Sydney airport have been talked about for close to 50 years. The Prime Minister’s announcement does not make this a certainty.
If it does happen, Badgerys Creek won’t be reality for maybe 10 years – although the Prime Minister hopes construction will start in 2016. But before that can happen, big issues need to be sorted, including funding, road and rail links, project partners and the issues of noise and flight paths.
Long-term, the impact of a new airport at Badgerys Creek would be enormous. Short-term, many investors will expend considerable energy trying to find out how best to turn the federal government’s decision into a personal windfall.
Many will feel they need to act urgently or they’ll miss a major opportunity. My advice is to take a cold shower, settle down and watch what happens.
I suspect more people will waste money buying in haste than make money by getting it right.
You can contact Terry via  <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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terryryder-YECXbqmri2

Sydney's new airport at Badgerys Creek will be a double-edged sword for investors

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A private investor has outlaid $12.2 million for a freestanding office/warehouse facility in Lidcombe in Sydney's west.
Located at 42 Birnie Avenue, the modern warehouse has a site area of 13,850 square  metres and a building area of 8,069 square metres.
The property comprises two units, with unit 1 featuring a modern three story freestanding office building, ground floor cafe and a high clearance warehouse to the rear.  The total area of unit 1 is 5,229 square metres.
The second unit 2 is a two-story office building with attached high clearance warehouse. The total area of unit 2 is 2,794 square metres. 
The vendor was TH &amp; TH Chung.
The sale was negotiated by Adam Micola of Savills Industrial .
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Lidcombe, Sydney office/warehouse fetches $12.2 million

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A home sales contract to an offshore Chinese buyer is no guarantee of yielding a settlement.
A post-Christmas $6.15 million sale to offshore Chinese buyers of a prestige Rose Bay mansion has failed to proceed.
Property Observer gathers the buyers defaulted on their intended acquisition of <a href="https://doublebay.ljhooker.com.au/MDDF93" target="_blank">1 Cecil Road</a>, with the buyers attributing the changed circumstance to a failure to secure Chinese government approval in the transfer of the required funds.
The five bedroom Rose Bay mansion on a lucky 1,088 square metre block was relisted for auction this week, selling shortly after it was passed in at $5.65 million.
The LJ Hooker Doube Bay agent Alain Waitsman secured a slightly higher undisclosed price in post-auction negotiations after its auction at Cooley Auctions.
The recent sale collapse comes at a time when vendor interest is strong in certain suburbs buoyed by the Significant Investor Visa (SIV) scheme, the so-called golden ticket which gives residency to wealthy foreign nationals who invest $5 million in government bonds or eligible ­managed funds.
The Australian Financial Review noted recently the slow-starting scheme will hit $1 billion this month with a further $2.6 billion worth of applications lodged.
The Department of Immigration and Border Protection (DIBP) issued a further 30 visas during March.
It took the total number of visas issued since late 2012 to 174, a $870 million tally. The appeal of the SIV program for Australian property vendors is that they visa recipients inevitably buy a home. 
Wealthy Chinese nationals have made up 85% of visas granted. The figures show Sydney has been trumped by Melbourne as the investment location destination of successful applicants with 47% in Victoria and 37% in NSW.
The offshore Chinese applications make up 91% of the 772 applications that have been lodged to date.
The scheme requires that a minimum of $1.5 million of the required $5 million be invested in NSW Waratah Bonds was boosted by an expansion of the ­qualifying managed fund investments late last year to include derivates, annuities, mortgages and interests in unregulated managed funds.
The Australian Private Equity and Venture Capital Association Limited (AVCAL) recently sought an even broader program in its submission to the Department of Immigration and Border Protection review into the SIV program with the suggestion offshore investors be allowed to allocate capital to venture capital and private equity opportunities.
 
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Chinese buyer defaults on Rose Bay prestige offering amid SIV surge

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More than 100 of the 120 apartments offered in the second stage release at Sydney’s tallest residential development sold this weekend following the Saturday morning launch.
As of Sunday, 101 studio, one, two and three bedroom apartments had sold, with the Financial Review reporting that nearly 90 had sold by 10am on Saturday. Prices for studios began at $595,000, with a three bedroom apartment selling for $4.38 million.
Developed by Chinese state-owned developer Greenland Holding Group Co, the $680 million development will be 66 storeys and 235 metres tall upon completion, making it <a href="/expert-insights/buying/opportunity-to-buy-the-highest-penthouse-in-sydney">Sydney’s tallest residential tower</a>.
<a href="/expert-insights/buying/greenland-centre-launches-second-sales-stage">Greenland Centre’s entire first stage release has sold out</a>. Greenland Holding Group has reportedly reserved 40 to 50 units to market in Singapore and Hong Kong later this month.
Penthouses in the complex, which will offer buyers the highest view in Sydney, have not yet been released. 
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jrichardson-uRX5hFdKfN

Greenland Centre sells almost entire second release in two days

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A reconstructed harbourside apartment on the tip of Sydney’s Elizabeth Bay peninsula has been listed with expectations over $1.8 million.
A three bedroom home in a former life, the <a href="https://www.realestate.com.au/property-apartment-nsw-elizabeth+bay-116670879" target="_blank">Elizabeth Bay Road apartment</a> has been renovated for the first time in two decades. Interiors were designed by Greg Natale, the man behind fashion designer Leona Edminston’s headquarters and a number of Sydney venues including the now-closed Nevermind, with its mouth shaped urinals.
The renovated apartment at Elizabeth Bay’s Oceana building is a somewhat more restrained affair, with a muted grey and purple colour palette and luxury finishings, including basaltina stone floors in the living and dining areas and polished stucco walls.
It is being marketed by Ian Campbell and Penny Timothy of Ray White Elizabeth Bay. Of the new fitout, Campbell said Natale and the owner completely reconstructed the apartment’s interior.
“This is a home of absolute sophistication - the detail in the interior design is without peer,” said Campbell.
“Before the current owner purchased the property in 2011, the home had not been renovated in more than two decades.
“The owner saw huge renovation potential and invested substantially to create streamlined, luxurious living.
“The owner worked with Mr Natale and gutted the entire apartment - they removed walls, floors and ceilings and basically rebuilt from scratch.
“This is a home that doesn’t need a thing added, every element is custom made - it is perfectly complete,” he said.
While the home is marketed as a two bedroom apartment, it is currently configured as a one bedroom, with the second room acting as a walk in robe and study. The residence’s main bedroom includes a separate balcony with water views.
86/108 Elizabeth Bay Road goes to auction on May 15 at 6:30pm.
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Renovated Sydney waterfront apartment hits market

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The Liberal identity Nick Di Girolamo, the former director of the ICAC-investigated Australian Water Holdings, has sold his four bedroom Sydney home.
The Henley riverfront fetched $4.8 million on its February delayed settlement terms having been <a href="https://www.realestate.com.au/property-house-nsw-henley-115148907" target="_blank">listed for its marketing campaign late last year</a>.
The pricey property came up for sale shortly before the late 2013 article by Fairfax Media reporters Kate McClymont and Linton Besser that the Independent Commission Against Corruption had begun formal inquiries into the affairs of Australian Water Holdings, with the corruption watchdog seizing files concerning the company.
The house had been briefly for sale in 2011 having been bought in early 2010 for $4.5 million in the name of Nick's wife, Jodie Di Girolamo. The eventual $300,000 price gain barely covered the initial $255,000 stamp duty costs.
The waterfront property had been listed with $4.75 million plus price indications through Matthew Ward at Ward Partners.
It is an small, yet expensive riverfront, suburb with few sales, making the median price difficult to regularly determine, but in 2011 it was at $3.3 million, according to RP Data, with the highest sale on the street being $6.65 million in 2010.
Property Observer gleans the couple had previously lived nearby at Sherwin Street, Henley, in <a href="https://www.homehound.com.au/15+sherwin+street+henley+hunters+hill+nsw+2110/" target="_blank">a 1925 house that Jodie sold for $2.25 million in early 2010</a> (pictured below). It had cost $1.2 million in 2002.
<img src="/images/2014/04/16/henley-april-16-two-pic.jpg" alt="">
The couple both owned the prior home in Russell Lea, bought for $260,000 in 1994 and sold in 2002 at $750,000.
The recently sold 28 William Street riverfront property was marketed as showcasing a desirable north easterly aspect with magnificent water views. It facilities included boat shed, slipway, cradle, winch, jetty and pen. The 256 square metre two level house sits on a 986 square metre block with level lawns gently descending to the waters' edge. "It has enormous scope to renovate or rebuild your dream home," the Ward Partners' marketing suggested of the 1950s home which was renovated in 2000. 
The former head of Australian Water Holdings Nick Di Girolamo was just an “old fashioned shyster, fraudster”, counsel assisting the Independent Commission suggested at the recent hearing.
Born in 1970, Di Girolamo went to St Patrick's school Strathfield with the Obeid family boys and is best friends with Eddie Obeid Jr, who is godfather to one of his children.
The former managing partner of Sydney law firm Colin Biggers &amp; Paisley joined Australian Water, then Rouse Hill Infrastructure Consortium, in 2005.
He allegedly sold the Obeid family a 30 percent stake in Australian Water Holdings for $3 million in November 2010.
He stands accused of "milking" Sydney Water for millions of dollars in expenses under a contract to supply water infrastructure, including gifts and donations to the NSW Liberal Party.
The <a href="https://www.propertyobserver.com.au/https://www.thehomepage.com.au/property/residential/freemans-reach-2756/643587" target="_blank">Di Girolamo couple also co-owned a colonial sandstone Freemans Reach weekender</a> (pictured below) with former business associate John Rippon and his wife, Sheenah, and another co-owner, Claudio Tropea, each taking a third stake in the holding on its 2006 purchase. The eight hectare property, known as Wellow Farm, cost $1.25 million in 2006 and was sold after disputation between the couples, at $1.25 million last year.
Possibly one of its selling points was its irrigation licence for 27 megs.
<img src="/images/2014/04/16/freemans-reach-april-16.jpg" alt="">
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Nick Di Girolamo, the Australian Water Holdings former director, sells Sydney riverfront for $4.8 million 

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Looking to revitalise North Sydney, an area normally known for its businesses rather than its residential opportunities, Skye by Crown’s construction has officially commenced at 211-223 Pacific Highway.
Crown Group, who are developing Skye by Crown, are looking to make the development one of the most iconic apartment buildings in North Sydney, with design by renowned architect Koichi Takada.
The 20-storey building, with 242 apartments, will also include a top-floor gym, an infinity edge rooftop pool and views over the area.
To date, more than $200 million of apartments have been sold, including two penthouses – sold for $3.38 million and $3.465 million.
Earlier this month, CEO of Crown Group, Iwan Sunito, and North Sydney Mayor, Jilly Gibson, attended the turning of the first sod, marking the beginning of construction. This was after the first stage of demolishing a pre-existing office building, symbolic of the change they want to see.
<img src="/images/2014/04/16/2014_04_11_Skye_Ground_Breaking.jpg" alt="">
“Skye by Crown has been an exceptional project from the start – from the first stages of development and design selection through to one of the most successful sales launches in Crown Group’s history,” said Sunito.
They are now selling the last 13 apartments in the building, that will be completed within two years.
Gibson said that there is an effort to renew the area.
“Developments such as this cement North Sydney’s status as a growing commercial and residential district,” said Gibson.
“Skye by Crown will be home to hundreds of new North Sydney residents and will provide new eateries and retail outlets when completed in 2016,” she said.
The $236 million development launched in June. The final apartments selling include a one-bedroom apartment with study for $990,000. Two-bedrooms from $1.09 million are also available, as well as a final penthouse – a three-bedroom offering at $2.755 million.
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Skye by Crown construction commences

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The announcement of the Badgerys Creek airport for Sydney will potentially provide another growth spurt for western Sydney’s properties, with towns as far out as Mittagong, Bowral and Goulburn expected to appreciate, according to Raine &amp; Horne.
It appears that with the new infrastructure and subsequent jobs boost of 60,000, demand may increase in the area.
Suggested areas of growth include:
<ul>
<li><a href="/news">Green Valley</a> </li>
<li><a href="/news">Liverpool</a> </li>
<li>Southern Highlands</li>
</ul>
Source: Raine &amp; Horne real estate agents
CEO of Raine &amp; Horne, Angus Raine, also noted that the commercial, office and industrial space should see a significant increase in demand with logistics and transport firms expected to set up in areas with close access to the airport.
The Urban Taskforce has also pointed to the growth potential inherent in the Badgerys Creek airport.
CEO Chris Johnson said that it is a boost for the whole of Sydney.
“A new airport in Western Sydney will be the catalyst for new growth, new jobs and new infrastructure,” said Johnson.
“Just as the Olympic Games became a boost for Sydney’s development so too the new airport be a game changer for the whole of Sydney but particularly for Western Sydney.”
He also noted that Sydney’s metropolitan area’s planning will also require attention as to focusing where jobs are located and how connecting infrastructure is planned.
“Research is needed on how an airport can maximise jobs in the twenty first century. The concept of the Aerotropolis has been developed to reinforce the role of an airport as a jobs generator,” he said.
This is largely agreed upon by the Urban Development Institute of Australia (UDIA) NSW, who pointed to the importance of the infrastructure coming in quickly.
The $10 billion infrastructure package has UDIA NSW chief executive, Stephen Albin, asking for a number of infrastructure boosts.
These include:
<ul>
<li>Extend the South West Rail Link to the airport and further north connecting to the North West Rail Link 
</li>
<li>Provide better link infrastructure to Port Botany and Kembla 
</li>
<li>Improve poor road access around Fairfield 
</li>
<li>Rezone to facilitate the development of land adjacent to the airport</li>
</ul>
“By establishing an airport at Badgerys Creek Sydney's West will turn from a political to an economic powerhouse - creating new jobs and transport infrastructure in close proximity to where the bulk of Sydneysiders choose to live,” said Albin.
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Sydney’s new airport may see property values fly

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The Newport home of legendary jazz musician James Morrison has been finally sold, some months after being relisted with reduced $3 million plus price expectations.
The Eyrie, an unusual sandstone five-bedroom house with tower on a 1,665 square metre block at Bungan Head, last traded for $790,000 in 1994 when bought by James and Judi.
Coming with views of both Newport and Bungan beaches, it was marketed also as a potential development site.
Its listing agent Geoff Grist was initially seeking $3.75 million-plus for rendered sandstone house, The Eyrie last year.
The sale price is undisclosed on Grist's <a href="https://whychoosegeoff.com.au" target="_blank">website</a>.
<a href="/news/nsw/trumpeter-james-morrison-lists-the-eyrie-on-bungan-head">It was listed in March 2013</a>.
It has has sweeping lawns, a 20-metre lap pool, a Balinese cabana, pizza oven and a guest cabin overlooking the pool.
When it was bought in 1994 from Ross Barwick, Sir Garfield Barwick's son, it was being advertised as an "unfixable dump".
Title Tattle recalls when the then neglected estate was auctioned in 1994 it was hotly contested by the tenants of 14 years, Rodney Booth and Sue Cummings, but a determined Morrison paid $90,000 more than the reserve.
Morrison sold his other Newport home for $935,000 shortly after.
RP Data list around 116 properties on the road, with 18 sales above $2 million over the years. Of these there were five sales above $2 million last year. There have been three sales above $4 million, topped off at $4.65 million in August 2006 some 11 months after being listed with $5 million hopes. There are six properties with 1,500 square metres or more on dress circle strip.
The name Bungan is first recorded in a survey in 1814 as Bongin Bongin, referring to the 700 acres which included present day Mona Vale and Bungan granted to Robert Campbell junior.
Bungan Beach is bordered by Mona Vale to the south and Newport to the west and north.
The land rises to the summit of Bushrangers Hill at 103 metres, a natural lookout point - which despite the name has no known connection with bushrangers.
In 1890s Alfred Yewen built a cottage, Bungania, at the north end of the beach headland.
Before the 1920s few people lived at Bungan.
Mona Vale library records reveal in 1908 that the Napier Thomson family of Whitecourt, Cremorne built the Eyrie, presumably then a one bedrrom cottage on a much bigger land holding.
In 1919 Adolph Albers built Bungan Castle atop Bungan headland.
Transport in those days was by horse and cart or on foot, the library archives noted. Families kept a few cows to supply milk. Apparently time was spent walking, fishing, boating, or bathing. And presumably entertaining themselves with musical instruments.
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