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.

Joel Robinson

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

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

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

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Sydney

<html><body>
<div class="cq-article-content-paras section">
The heritage space leased to the Rockpool Dining Group on Sydney's Bridge Street is up for sale again, this time with expectations of about $11 million expected for its March 15 tender.
It was bought by the I-Fung family investment vehicle for $8.5 million in 2015.
It is back for sale through Knight Frank's Andy Hu and JLL's Steven Tsang and James Aroney.
The property was previously home to a Rockpool franchise called Eleven Bridge, it is now rebranded as a high-end Chinese restaurant Jade Temple.
</div>
<div class="cq-article-content-paras section">
The 490sq m property at Lot 2, 7-11 Bridge Street is in the historic Burns Philp &amp; Co building. The heritage-listed building with soaring ceilings also has a basement, ground level, mezzanine level and three upper levels of commercial space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/7/perry2.jpg" alt="">
</div>
<div class="related-quotes section">The lease to Rockpool Dining Group is in place until July 2023, with 5 plus 5 options.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">“The city’s current infrastructure upgrades surrounding the Burns Philp &amp; Co. building is set to benefit from an unprecedented level of development in the Sydney CBD, including the new Light Rail, George Street pedestrianisation and the underground Sydney Metro Rail," Hu said.</div>
<div class="related-quotes section">
"These developments will improve connectivity and increase patrons and diners in the immediate location due to the increased number of CBD-based workers.”
</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Jade Temple, Bridge Street Sydney premises listed in quick flip

<html><body>
<div class="cq-article-content-paras section">
Sydney has 600,000 bedrooms not being used according to data compiled by EY from 2016 Census estimates.
Unlocking the additional capacity within 30 minutes of the Sydney CBD could boost New South Wales’ GDP by $750 million annually, it suggests.
<div>The greatest numbers of unused bedrooms are North Sydney/Hornsby, Outer West/Blue Mountains and the Inner South West.</div>
<div class="cq-article-content-paras section">
The Eastern Suburbs, the Inner West, the Inner South West and Parramatta have a high number of available rooms that could meet accommodation needs between one and five times over.
The most acute shortage – where the number of surplus bedrooms is insufficient to meet demand – is in the City/Inner South.
</div>
The number of spare bedrooms equates to 190,000 unused dwellings, EY said in its report Sydney housing conversations: moving from affordability to accessibility.
The EY Sydney managing partner Andrew Price suggested better questions needed to be asked about solving affordability problems in housing.
<div class="page" title="Page 8">
<div class="section">
<div class="layoutArea">
<div class="column">
"There is a need for an additional 135,000 bedrooms in the greater Sydney area, with the biggest demand in the belt stretching from the CBD to Parramatta; to comfortably house all residents in Parramatta an additional 22,000 rooms are required, while for the Inner South West this gure rises to 25,000. 
"While the largest untapped supply is in the outer ring and northern suburbs, there are nevertheless plenty of rooms in the population belt described: 40,000 in Parramatta, 60,000 in the Inner South West and 16,000 in the CBD/ Inner South." 
Click here <a href="https://www.propertyobserver.com.au/images/2018/1/23/PAGE%207%20BEDROOM.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/23/PAGE%207%20BEDROOM.jpg" alt="">
</div>
</div>
</div>
</div>
He suggests the existing underutilised supply of housing stock could hypothetically meet the forecast demand for new stock for the next five years. 
It estimated if all unused bedrooms within 30 minutes of Sydney's CBD were to house a working adult, that the boost to productivity would equate to an additional $750 million injected each year into the NSW economy.
</div>
<div class="cq-article-content-paras section">
The report noted Sydney actually had an estimated 1.5 million unused bedrooms spread across 900,000 dwellings, but for the purpose of EY's analysis under-utilised properties are defined as those properties which had two or more vacant bedrooms on census night in 2016 because a single vacant bedroom is often used for other purposes.
Click here <a href="https://www.propertyobserver.com.au/images/2018/1/23/PAGE%208%20BEDROOM.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/23/PAGE%208%20BEDROOM.jpg" alt="">
"Of course in reality, the housing problem is not just about bedrooms," Price acknowledges.
"Households want to live in a self-contained way, and not share utilities such as kitchens and bathrooms.
"However if a small number of households with spare room capacity were prepared to move to more appropriate sized accommodation, this could make a signifcant contribution to addressing the problem.
"A redistribution of housing stock that saw surplus bedroom capacity in key hotspots utilised more fully would go a long way to easing housing pressures," he says.
Sydney vacancy rates have hit a four year high.
 
</div>
<div class="cq-article-content-media section"> </div>
</body></html>

Using Sydney's 600,000 vacant bedrooms could boost productivity: EY

<html><body>
Sydney house renters are targeting the beach.
Sydney vacancy rates have edged to a four year high, according to the REINSW.
The three most in demand suburbs for house renters on realestate.com.au in the second half of 2017 were North Narrabeen, Freshwater and Caringbah.
The median rental price for a three bedroom house in North Narrabeen is $800. The median for a two bedder would cost $650 a week.
A three bedroom home on <a href="https://www.realestate.com.au/property-house-nsw-north+narrabeen-422899202" target="_blank">The Crescent</a> (above and below) recently leased at $750 a week. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/23/narra.jpg" alt="">
As for apartments, renters were seeking affordability in Sydney's west.
The most popular suburbs were Padstow, Concord and Lilyfield. 
Padstow's median rental price for a two bedroom apartment is $450.
A two bedroom <a href="https://www.realestate.com.au/property-unit-nsw-padstow-422705270" target="_blank">Padstow Parade apartment</a> is available for $400 a week.
 
</body></html>

jrobinson-rf4aSBido9

Where renters are looking in Sydney

<html><body>
Adelaide has overtaken Sydney as the mainland capital with the second strongest growth in property values.
Sydney house values are down 0.2 percent in the quiet first two weeks of the new year, Corelogic data shows.
There was no movement for the other major markets, Melbourne, Brisbane and Adelaide in the year to date.<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/15/VALUE%20CHANGES.jpg" alt="">
Perth was also down 0.2 percent.
Sydney's annualised growth sits at 2.5 percent.
 The last time Sydney posted such a low level of growth was at the start of the boom in mid-2012.
There was a 70.8 per cent rise since 2012, Corelogic says.
Adelaide's annualised growth sits at 2.7 percent.
Melbourne is still the market leader.
In December Sydney house prices fell 0.5 percent.
The start of the year is always quiet, but last January (below) saw Sydney prices sitting at an annualised 15.6 percent growth, with 0.7 percent growth just in January, according to CoreLogic.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/16/value.jpg" alt="">
 
</body></html>

Sydney's price decline continues into 2018

<html><body>
2017 saw a continued trend across Sydney's inner city suburbs where dilapidated terraces hit the market.
Some with no internal walls or ceilings, the DIY and small time developers were primed to pay top dollar purely for the location and land size.
Property Observer has given a run down of the top five run down inner city terrace sales of 2017.
  
1. <a href="https://www.realestate.com.au/sold/property-terrace-nsw-surry+hills-124937998" target="_blank">102 Reservoir Street</a>, Surry Hills - $2,111,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/res1.jpg" alt="">
Kicking off the year of the run down terraces was a windfall result at Reservoir Street.
In slightly better shape than some of the others, the four bedroom terrace sold for over $2.1 million.
BresicWhitney's Michael Kirk and Lincoln Westerman sold the home.
They said the old terrace was a project home to suit the true visionaries, however suggested its perhaps dilapidated enough to deter any dreamers.
There was a north-facing courtyard on the 123 sqm corner block.
 
2. <a href="https://www.realestate.com.au/sold/property-house-nsw-darlinghurst-126288502" target="_blank" style="font-size: 12.16px;">141 Womerah Avenue</a>, Darlinghurst - $1,885,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/dump10.jpg" alt="">
The dilapidated Darlinghurst terraces saw potential buyers carefully streaming over its slightly perilous wooden floorboards before during the inspections.
The four bedroom home, that dates back to the 1890s, was listed with $1.75 million hopes through James Peach at Ray White.
It features an original floorplan spanning two levels on the 108 sq m block.
It last sold in 1955 when machinist Humbert Teuma paid £3,150.
Aspiring owner-builder Luke Hickel inspected the Darlinghurst offering, but just to research values and costs.
He agreed with the estimate from the listing agent James Peach that $500,000 plus would be needed to bring the terrace up to scratch.
We have a video from the auction here.
 
3. <a href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-126699394" target="_blank">148 Reservoir Street</a>, Surry Hills - $1.7 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/dump1.jpg" alt="">
The terrace on Reservoir Street hadn't traded in over three decades before its November sale.
A transformation of the home had begun but was never finished, so there were newer elements to the attic and staircase.
BresicWhitney Darlinghurst agents Lincoln Westerman and William Phillips had a buyers guide of $1.5 million.
The home last sold for $85,000 in 1985.
 
4. <a href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-126489002" target="_blank">43 Waterloo Street</a>, Surry Hills - $1.6 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/Dump3.jpg" alt="">
One of the most staggering results was another Surry Hills terrace, which sold for $1.6 million after just five days of marketing.
The home, completely dilapidated with missing ceilings and floors, was sold through Bresic Whitney Darlinghurst agents Darren Pearce and Romany Brooks.
The wide terrace, which was a four bedroom, two bathrooms house, is set on a 150 sqm Waterloo Street parcel in the heart of Surry Hills.
It was advertised as having limited access for inspections.
Recently $70,000 was spent on installing beams to support the ceiling and staircase.
Rubbish and household items were also removed in the process.
The home had been vacant for the last decade, with neighbours complaining about rubbish pile up.
 
5. <a href="https://www.realestate.com.au/property-house-nsw-redfern-127020598" target="_blank">544 Elizabeth Street</a>, Redfern - $1.11 million
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/dump5.jpg" alt="">
The most recent sale of an inner city dump was in Redfern where a terrace fetched $1.1 million at its recent December auction.
Ray White agents James and Teresa Natoli were marketing the home as an exceptional opportunity on a generous footprint in a prime location.
They had an auction guide of $900,000 to $950,000. Teresa said told realestate.com.au that there was no access approved to the site.
"The property is being offered to market in unliveable condition and requires a rebuild," their marketing said.
It last sold for $143,000 in 1991 and has been vacant for the last decade.
 
 
 
 
</body></html>

The five inner Sydney terrace dumps that all fetched over $1 million in 2017

<html><body>
The landmark Sirius apartment complex in Sydney's Millers Point has been listed for sale on behalf of the NSW Government.
They have enlisted Savills to market the 11 storey building, built in the late 1970s by architect Tao Gofers.
<div title="Page 1">
<div>
<div>
<div>
A registration of interest process is now open, to be followed by a formal expression of interest stage leading to an invitation to tender for selected applicants. The sale is expected to be finalised in the second half of 2018. 
</div>
</div>
</div>
</div>
Sirius was built to rehouse public tenants who had been displaced after a controversial redevelopment of the historic Rocks suburb during the 1960s and 70s.
A prominent examaple of Brutalist architecture in Australia, Sirius houses 79 one, two, three and four bedroom apartments. Most apartments have harbour and city views, with the rooftop a 360 degree view across both.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/sirius2.jpg" alt="">
Savills agents Simon Fenn, Stuart Cox, Neil Cooke and Michael Simpson are marketing the property through an international sales campaign with the opportunity for a variety of uses through the flexible zoning application to the 3,650 sqm site.
Savills NSW managing director Simon Fenn said this was a once in a lifetime opportunity.
“Sirius is positioned on some of the most valuable land in Australia and will certainly attract interest from around the globe, with a once in a lifetime opportunity to revitalise this prime site with a range of potential future scenarios including residential, commercial, hotel and retail or a mix of these.”
“Never before has a building with such unobstructed and striking harbour views within the heart of Sydney been offered to the market. A proposal like this is certainly one in a million,” he continued.
Sydney has already seen a major renaissance for the CBD core with approximately $7.9 billion worth of new construction and infrastructure earmarked for the Circular Quay precinct.
Redevelopment at the 3650 sqm site at 2 to 60 Cumberland Street will be limited by a set of rules, the State Significant Precinct State Environmental Planning Policy, which is now on exhibition.
<div>
The new owner is entitled to demolish or adapting the building in its current state for residential, commercial and retail use up to 8420 sqm of gross floor space and across two to four storeys. The height of the building must not exceed the height of the Sydney Harbour Bridge deck.
</div>
<div>
It also has to meet design excellence.
Proceeds of the sale of the building will go towards new social housing across the state. More than 700 purpose-built dwellings have been built and there are 372 properties under construction.
</div>
 
 
 
 
</body></html>

Sydney's iconic Sirius building for sale through Savills

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Despite moderate value declines recently, and with a healthy median dwelling value of $904,041 as at November 2017, Sydney is remains the nation’s most expensive capital city housing market and has kept up this pace consistently, excluding a short period during 2006 and 2007 when Perth surpassed the city. 
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
A valuable exercise is to look at how over time, Sydney’s premium relative to the other capital city markets has cycled.
(Note: The accompanying charts show the Sydney premium over time with the red line highlighting the average premium over the length of the period shown on each chart). 
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Overview – capital cities performance compared to Sydney: 
• Melbourne – dwelling values currently sit at $718,325 indicating that Sydney values are 25.9% higher. The Sydney premium is currently the lowest it has been since April 2014. Over the long- term Sydney’s average premium has been 39.2%. 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/melb7.jpg" alt="">
</div>
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Brisbane – with a median dwelling value of $490,915, Sydney dwellings are currently 84.2% more expensive than Brisbane’s. The long-term average premium is 54.1% and the premium has consistently been higher than this average since September 2014 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/bris.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Adelaide – Sydney dwelling values have, on average, been 180.3% higher than Adelaide’s. Adelaide’s current median dwelling value of $432,126 sees the Sydney premium at 109.2%. Sydney has had an above average premium to Adelaide consistently since November 2014. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/adel.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Perth – the current median dwelling values for the city is recorded at $463,026 which indicates that Sydney’s current median is 95.2% higher compared to a long-term average difference of 60.8%. The premium for Sydney housing has been above the long-term average since August 2015. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/per.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Hobart – with a median dwelling value of $398,093, Sydney’s median value is currently 127.1% higher. The long-term average Sydney premium is 105.0% indicating that the gap has been wider than average since December 2013. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/hob.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Darwin – Sydney dwellings are currently 108.9% more expensive than Darwin’s median dwelling value which sits at $432,774. Over the long-term the average premium for Sydney dwellings has been recorded at 54.9% with the premium consistently above the long- term average since June 2015. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/darwin.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
• Canberra – the median dwelling value currently sits at $588,788 which means that Sydney has a value premium of 53.5%. The long-term average premium for Sydney is 33.2% with the premium having been above average consistently since April 2014.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/canb.jpg" alt="">
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Just because the Sydney premium is currently above the long-term average for most cities, this doesn’t necessarily mean that we will see a reversion to those long term averages.
We acknowledge that dwelling values are beginning to fall in Sydney after a substantial increase over recent years. Assuming these falls continue, the premium relative to the other capital cities is likely to decline.”
Across most capital cities the current Sydney dwelling value premium is similarly large to what it was late in 2002 after a significant period of growth for the city. Following that growth phase, Sydney values peaked in December 2002 and then fell by 8.2% and didn’t eclipse the previous peak until October 2007. Mr Kusher said, “It is reasonable that we could see similar falls over the coming year(s) which would in-turn narrow the gap between the value of housing in other capital cities relative to Sydney.”
</div>
</div>
</div>
</div>
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>. 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div></body></html>

ckusher-ujnxiKuFQs

Sydney has consistently kept mantle as nation's most expensive capital city

<html><body>
Over recent weeks, auction clearance rates across the nation’s two largest housing markets (Sydney and Melbourne) have been significantly lower than they were 12 months ago however, they haven’t necessarily been all that much lower than the previous years.  While comparing auction volumes and clearance rates to a year ago is valuable, it is much more valuable to look at how these metrics compare across a number of years.
<h3>Melbourne</h3>
<img src="https://www.corelogic.com.au/sites/default/files/styles/article_image_570w_/public/2017-11/2017-11-27-blogimg1.png" alt="2017-11-27--melbourneweeklyauctionclearancerates" width="570" height="214">
Auction clearance rates in Melbourne are currently substantially lower than they were a year ago.  In fact, the clearance rate of 66.9% last week was the lowest since July of last year.  Although clearance rates are lower than they were a year ago, they are at fairly similar levels to what was being recorded at the same time of year in 2013, 2014 and 2015.  The chart really highlights just how much stronger the auction market in Melbourne was a year ago relative to other recent years.
<img src="https://www.corelogic.com.au/sites/default/files/styles/article_image_570w_/public/2017-11/2017-11-27-blogimg2.png" alt="2017-11-27--melbourneweeklyauctionvolumesoverrecentyears" width="570" height="214">
  The volume of properties being taken to auction, particularly over recent months, has generally been higher than over recent years.  By comparison, in 2016 when clearance rates were much higher than they have been this year, the number of properties being taken to auction was relatively lower than over recent years.  The higher number of properties being taken to auction is likely to be having some impact on the weaker clearance rates this year relative to last however, volumes are also much higher currently than they were in 2013, 2014 and 2015 a time at which clearance rates were fairly similar to current levels. Given this, clearance rates are actually holding up quite well considering much higher volumes of auctions.
<h3>Sydney</h3>
<img src="https://www.corelogic.com.au/sites/default/files/styles/article_image_570w_/public/2017-11/2017-11-27-blogimg3.png" alt="2017-11-27--sydneyweeklyauctionclearancerates" width="570" height="214">
Auction clearance rate in Sydney have been at their lowest levels since 2012 over recent weeks and have been on a steady decline throughout 2017.  If you exclude the low volumes in January, last week’s auction clearance rate of 54.8% was the cities lowest clearance rate since December 2015.  Clearance rates have not been consistently as low at this time of year since 2012.  Clearance rates are substantially lower than they were a year ago and are also slightly lower than they were two years ago when APRAs first round of macroprudential policies were significantly impacting Sydney housing demand.  If the previous round of macroprudential policies is a guide we can expect a further weakening of clearance rates over the coming weeks.
<img src="https://www.corelogic.com.au/sites/default/files/styles/article_image_570w_/public/2017-11/2017-11-27-blogimg4.png" alt="2017-11-27--sydneyweeklyauctionvolumesoverrecentyears" width="570" height="214">
  Unlike Melbourne, Sydney is not seeing a substantially higher number of properties being taken to auction compared to recent years.  In fact over recent weeks there has been an equivalent number of auctions across the city to volumes last year when clearance rates were much higher than they are currently, while there have been fewer auctions than in 2015 when clearance rates were similarly weak.  
There has been clear evidence over recent weeks that auction clearance rates have softened in Sydney and Melbourne.  The falling clearance rates in Sydney are occurring on similar volumes of auctions to recent years but matches the recent declines in dwelling values.  In Melbourne, auction clearance rates have slowed and there has also been a moderate slowdown in value growth.  The big difference in Melbourne has been that auction volumes have been much higher so it is difficult to know if the weaker clearance rates are because of the market overall or due to their being too much stock being put up for auction each week. Keep in mind that clearance rates typically soften through Spring as auction volumes increase so we may have to wait until 2018 to truly understand what is driving the apparent weakness in the Melbourne auction market.
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
</body></html>

What is driving the clearance rate weakness in Sydney and Melbourne? Cameron Kusher

<html><body>
Hotel Palisade in Sydney’s Millers Point has sold to an investment firm for $31.5 million, as hotel transactions keep up their brisk pace in 2017.
The property is in one of the most historic parts of Sydney close to two of the city’s oldest pubs, the Lord Nelson Brewery Hotel and Hero of Waterloo Hotel as well as the Millers Point terrace houses, which are currently being sold off to wealthy occupiers and investors.
The freehold property was sold to First Master Capital, according to hospitality news website The Shout. It is an Epping based company with Chinese born director, Xin He.
Earlier, the Clovelly Hotel in Sydney’s eastern suburbs changed hands for $34 million, while another waterfront pub, the Beach Hotel in Byron Bay, fetched $70 million.
Hotel Palisade was renovated and reopened in late 2015, and enjoys views of Sydney’s Harbour and surrounding areas.
The renovation saw eight boutique accommodation rooms added plus a ground floor public bar, the rooftop Henry Deane Bar and Restaurant as well as some private function rooms.
The property went to the market with expectations of more than $30 million.
The hotel is perched above The Rocks and overlooks Barangaroo Reserve as the multi-storey hotel was originally bought last May by Richard Sapsford, a British entrepreneur, who paid $20 million for it.
He then spent a further $5 million restoring the 1915-built property into a botique hotel and public bar after spending eight years vacant.
In November, the hotel unveiled the Henry Deane rooftop bar and restaurant.
The selling agents were John Musca and Peter Harper of JLL Hotels.
</body></html>

Hotel Palisade in Miller's Point sells for $31.5 million

<html><body>
Sydney's North Ryde tops the list of Sydney suburbs with the biggest jump in apartments for sale.
It follows a spurt in construction of apartments and recent completions were investor seek to onsell their apartments.
North Ryde was followed by Narrabeen, Hillsdale and Sydney Olympic Park. For comparison purposes, the list was derived by suburbs with at least 25 apartments for sale.
North Ryde currently has 77 units for sale compared to 29 a year back, marking a percentage growth of 165 percent in one year.
Narrabeen followed with a 164 percent rise in apartments over the last year, while Hillsdale and Sydney Olympic Park showed rises of 150 percent and 130 percent respectively.
The data was taken from the latest Stock on Market data compiled by realestateinvestar.com.au. 
Ryde has over 175 units for sale, but this time last year it was at 130, so the jump was not as high in available stock.
Liverpool has some 200 units available for sale, up from 110 this time last year.
<table style="height: 91px; width: 526px;" border="0"><tbody>
<tr>
<td> Suburb</td>
<td> Current Units for sale</td>
<td> Units 12 months ago</td>
<td> Percent change</td>
</tr>
<tr>
<td> Hillsdale</td>
<td> 25</td>
<td> 10</td>
<td> 150</td>
</tr>
<tr>
<td> Narrabeen</td>
<td> 37</td>
<td> 14</td>
<td> 164</td>
</tr>
<tr>
<td> North Ryde</td>
<td> 77</td>
<td> 29</td>
<td> 165</td>
</tr>
<tr>
<td> Sydney Olympic Park</td>
<td> 90</td>
<td> 39</td>
<td> 130</td>
</tr>
</tbody></table>
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-north+ryde-126937294" target="_blank">20/5B Whiteside Street</a> in North Ryde is on the market in the price range $859,500 to $945,450. 
The brand new apartment is part of the recently completed complex "Macquarie Green", picture above.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/28/RydeEx1.jpg" alt="">
Another one-bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-north+ryde-125687602" target="_blank">A119/5 Whiteside Street</a> is on sale for $720,000 to $740,000.
It has been developed by the TOGA and Gresham Group.
The Sydney CBD has over 120 units for sale.
 
 
 
 
 
</body></html>

Sydney

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sydney

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News