<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

Sydney

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Swiss fashion house Bally will open a new marketing and showroom space in Sydney's CBD after signing a five-year lease.
Located on level four, 99 Elizabeth Street, the 146sqm suite offers views of Hyde Park. 
The annual rental is $846 gross per square metre.
CBRE's Rosie Origlia negotiated the lease on behalf of landlord Tackelly No.8.
“The property is well suited to accommodate the retailer's showroom and marketing office, while the design elements of 99 Elizabeth Street are also in line with the Bally brand,” she said.
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jchancellor-FAypfDUnLy

Bally takes Sydney CBD office lease

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Champion swimmer Geoff Huegill, and his wife Sara, have now listed their three-level, four-bedroom Darlinghurst terrace for August 6 auction.
<img src="https://i3.au.reastatic.net/800x600/2d6664d430e542a15b0394ed2f35acf7e646ad65ce49253486049849a52a4fd3/main.jpg" alt="453 Liverpool Street, Darlinghurst" title="453 Liverpool Street, Darlinghurst" data-index="0">
The 133 square metre offering cost $1.97 million in late 2011. They bought it and still own 60% percent of the terrace, after it<a href="/news/geoff-huegill-and-wife-sara-hills-list-darlinghurst-terrace"> was bought in partnership with Geoff Huegill’s in-laws</a>.
<img src="https://i2.au.reastatic.net/800x600/831635f6a9bb62fb96d84ff521055ebe2e2924bf1198cd1f5480dd6fe9601139/image3.jpg" alt="453 Liverpool Street, Darlinghurst" title="453 Liverpool Street, Darlinghurst" data-index="2">
Sara Huegill, nee Hills, was in the Sweaty Betty PR fashion firm prior to their 2011 marriage.
The couple reportedly want mid-$2 million.
<img src="https://i4.au.reastatic.net/800x600/ba6ebe95ec724a0407cf388666e13b4be6e2b8db929d3673318d29d2896c4571/image5.jpg" alt="453 Liverpool Street, Darlinghurst" title="453 Liverpool Street, Darlinghurst" data-index="4">
A $1,565,000 sale nearby at 473 Liverpool Street, Darlinghurst was secured earlier this year with three bedrooms, two bathrooms. 
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August auction for Darlo's Geoff Huegill and Sara Hills

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Headingley House, the Woollahra home of John Spender QC, has been sold, price undisclosed.

It was his diplomat father, Sir Percy Spender, who bought it from the Kater pastoralist family in 1949 for £11,676.

The dapper Queen's Counsel, who now does commercial arbitration, moved into <a href="https://doublebay.ljhooker.com.au/MMZF93/11-wellington-street-woollahra" target="_blank">the stunning Georgian-style Wellington Street residence</a> in 1985.

While he was the Member of the House of Representatives for the seat of North Sydney - before Joe Hockey's election - he would occasionally take the trip from his eastern suburbs home to the lower North Shore electorate in his late father's white Rolls Royce.

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His politician father, an eminent jurist, had left his bar practice in 1949 and entered, as member for Warringah, the federal political arena when the Liberals took office and Sir Percy Spender became minister for external affairs, during which he negotiated the ANZUS Treaty.

He then was posted to Washington in 1951 as Australian ambassador and in 1958 was appointed Australia's first judge of the International Court of Justice. In 1964 he became its president.

The Spenders' overseas posting spanned 16 years.

The Kater pastoral dynasty headed by Sir Norman was centred around the 1900 Federation Cudal property Nyrang. Sir Norman, who was trained as a doctor, then took over the Egelabra Stud at Warren in 1910. He died in 1965.

[smartcode_project:default project_id=32227]

<a href="https://exclusiveproperties.com.au/11wellington/home" target="_blank">The LJ Hooker marketing</a> noted the Woollahra house was built in the 1880s and then redesigned by acclaimed architect Professor Leslie Wilkinson in the 1930s.

On listing, selling agent Bill Malouf said he was not indicating a public price guidance, pointing to several recent Woollahra trophy home sales that all were in double digit millions instead.

The street talk is $13 million plus. 

 
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Headingley House, Woollahra trophy home sold by John Spender

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GUEST OBSERVER
Sydney’s white hot property market has defied expert predictions, with median house prices edging close to $1 million as growth and competition accelerates*.  Sydney’s market imbalance – the divide between investors and owner-occupiers – is spurring a social divide between the have not’s and the have more’s.
We have a situation where owner-occupiers are being phased-out as house prices hike. Investors are saturating the market and expanding their property portfolios while first home buyers are struggling to get a foot in the door. 
Of those first time buyers that do successfully buy, many can’t afford to move into their property and are stuck living in a rental. This is concerning, in so far that lending conditions have played a role in this dilemma.
There is also growing separation within the investment community. We have one group of investors that are more mature and astute, while others appear less sophisticated, taking on too much debt and lacking a long term investment strategy. This latter group are more likely to negatively gear their property; but if the market takes a turn and interest rates increase, these investors could face loan repayment difficulties if they’ve given themselves only a small financial buffer.
In December 2014, the Australian Prudential Regulation Authority (APRA) outlined guidelines to lending institutions on steps to reinforce mortgage lending practices**. One of these included requiring investors to pay higher deposits. I welcome this guideline. It is arguably too easy for investors, especially less sophisticated investors, to be approved low rate loans. While I actively encourage property investment, the current ratio is out of kilter, and this will inevitably lead to negative ramifications should nothing change. Not only are some investors at risk of being overconfident, they are snapping up properties that are ideal for first home buyers.
Greater lending prudence is urgently needed. We need incentives that assist Sydney’s first home buyers in entering the market so that they can physically live in their new dwelling, such as fixed, low rate, new home owner mortgages. Tighter regulations for investors are also necessary. I believe investors should pay up to 20% investment deposits. These two measures would at least be a step forward in helping redress the balance.
The influx of foreign investors also doesn’t appear to show signs of slowing down. The Government should seriously consider putting a cap on the number of properties that a foreign buyer can purchase within a new development. Right now, foreign buyers are snapping up development properties in droves, and before the first slab of concrete hits the ground. Australians are also becoming increasingly adaptive to buying off-the-plan, but right now, it’s a case of slim pickings. We need to ensure that there is a residual amount of stock available for local buyers.
The time to act is now. Sydney’s housing market is robust, but when you peel back the layers, there are several issues warranting address, and the market imbalance is a pressing issue. If left untended, the consequences could be significant.
DOUGLAS DRISCOLL is CEO of real estate agency <a href="https://www.starrpartners.com.au/" target="_blank">Starr Partners</a>.
 
*Latest monthly indices by CoreLogic shows the median value of Sydney house prices is $949,800, as at 31 May, 2015. See: <a href="https://www.corelogic.com.au/research/monthly-indices" target="_blank">https://www.corelogic.com.au/research/monthly-indices.html</a>
**Please click here to read a media release on APRA’s guidelines on residential mortgage lending practices: <a href="https://www.apra.gov.au/mediareleases/pages/14_30.aspx" target="_blank">https://www.apra.gov.au/mediareleases/pages/14_30.aspx</a>
 
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Sydney’s high-price property market fuelling social divide: Douglas Driscoll

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The Sydney home of late entertainer Stuart Wagstaff has been sold for $1,165,000 at auction today.
Wagstaff died in March this year aged 90. An investor beat off nine other registered bidders to secure it at above its $1 million official reserve.
<img src="https://i3.au.reastatic.net/800x600/653cae99727960c0e1af797f545237ac51084b379d85ee1cf0408e4bfb678da7/main.jpg" alt="33/37-45 Barry Street, Neutral Bay" title="33/37-45 Barry Street, Neutral Bay" data-index="0">
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The eighth floor apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-neutral+bay-119984653" target="_blank">33/37-45 Barry St, Neutral Bay</a> has two bedrooms, along with a large entertaining balcony with views of the city.
Raine &amp; Horne Neutral Bay selling agent David Buttel had initial $950,000-plus expectations for the top floor 106 square metre Kentwood block offering with car space.
It was the actor's home for eight years, paying $660,000 in 2007 in the 1978 Mirvac-built complex.
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Stuart Wagstaff's Neutral Bay apartment sells

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A former Newtown, Sydney church which hit the market with $2.25 million plus hopes sold at auction today for $2.55 million.
Tibetan Buddhist meditation monks were the buyers with plans for a temple.
Sydney's overall auction result sat at 83.3%, compared to the adjusted 80.2% last week and 69% on the same Saturday last year, according to APM. 
The 158 Australia Street offering sold at auction with five registered bidders through BresicWhitney Glebe agent Chris Nunn <a href="/expert-insights/investing/empty-newtown-warehouse-church-for-july-auction">who suggested it was also suitable for a single residential conversion or a multi-unit development or subdivision</a>. 
It comes with direct access to one of inner Sydney's popular parklands, the Camperdown Memorial Rest Park from its 256sqm residential zoned holding.
Behind its striking brick facade, it retains original industrial warehouse elements.
It was the former church of the Four Square Gospel. The property was listed by investor Theo Onisforou who paid $1.9 million, plus gst, in February this year. 
Last month investment banker Alastair Walton bought a Leichhardt warehouse paying $1.55 million for the former sign warehouse property, at 26 Mackenzie Street.
BresicWhitney recently sold another warehouse – with a heart-shaped swimming pool – in Davies Street, Surry Hills for $7.55 million, a suburb record. 
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Sydney's 83.3% auction clearance rate as Tibetan monks buy former Four Square Gospel church in Newtown 

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Capital growth gains for Sydney are predicted to loose their steam within this financial year with affordability, a stable rent environment and tighter lender financing conditions expected to slow the market.
In releasing the CoreLogic RP Data Hedonic Home Value Index, CoreLogic research head Tim Lawless said it looks likely that the pace of capital gains will remain higher than rental growth which will push rental yields even lower over the coming months. 
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“In the absence of a trigger event, such as a sharp rise in the jobless rate, higher interest rates or an external shock, it is unlikely we will experience a significant correction in dwelling values. However, the longer this run of growth continues across our largest capital cities, the more susceptible the housing market becomes to changes in the economy or broadly across household finance,” Mr Lawless said. 
"It is difficult to imagine Sydney maintaining such a rapid pace of capital gains. 
“Not only is affordability becoming a challenge for many sectors of the market, but yields are substantially compressed, rents are hardly moving and investors are facing tighter financing conditions from lenders."
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mick.cee-iDmgDDAmu8

Sydney property capital growth to lose steam: CoreLogic RP Data

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Professional renovators Gav and Waz, who appeared on the first series of The Block reality television in 2003, have snappily sold their two-bedroom Rockwall Gardens, Potts Point apartment. It was only listed late last month.
It was a ground floor apartment on Tusculum Street advertised on <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-120052945" target="_blank">realestate.com.au</a> by Richardson &amp; Wrench Elizabeth Bay. They secured around $2,725,000, so possibly secured around $250,000 profit for the duo.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=120052945&amp;theme=rea.buy" rel="photos" data-id="120052945"><img src="https://i2.au.reastatic.net/800x600/4927987fff45b2431ac9aa8f042cc376784a626a3fb04b694aa08379fd410724/image7.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="6"></a>
The renovation duo settled only last July at a hefty $2.25 million, with renovations completed since on the apartment with two bedrooms, two bathrooms and a car space. There are still trademark Deece Giles interiors since the boys bought from the renown Sydney architect.
<img src="https://i3.au.reastatic.net/800x600/de77c1b00ad9bb49b76435f854d9a20119e636f73fe6782622a2c83b1db64537/main.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="0">
Now surrounded by greenery, the total floor space, inside and out, is 180 square metres. It comes with outdoor fireplace by Rolling Stone Landscapes, gold medal winners at the prestigious Chelsea Flower Show.
<img src="https://i2.au.reastatic.net/800x600/4311073f62ad842d671b4b094e23b21e3485102865d75ae1a1db9c8ada01cff4/image3.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="2">
 
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Gav and Waz secure snappy Potts Point sale

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Local and global market conditions are helping Australia become a favourable construction nation, according to Turner &amp; Townsend’s International Construction Market Survey 2015.
Sydney is now positioned at number 10 with New York City taking the first spot for the most expensive place to undertake construction activities in the 35 markets surveyed.
The 2015 survey also ranked Perth at 16, Melbourne at 19 and Brisbane took the 20th spot. 
The <a href="https://bit.ly/icms-2015" target="_blank">International Construction Market Survey 2015</a> analyses input costs – such as labour and materials – and charts the average construction cost per m2 for both commercial and residential projects in 35 markets around the world.
 “The tide is now starting to turn in Australia’s favour with many factors influencing this change," Gary Emmett, the senior economist for Turner &amp; Townsend said.
"These include a falling Australian dollar, a low interest rate environment which makes finance relatively cheap and stable construction costs.
"The winding down of construction within the mining sector is freeing up resources for other sectors including infrastructure, tourism, education and agriculture."  
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A construction nation coming: Turner & Townsend

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Luxury apartment developer Fridcorp, and its partner Wingate, have sold a Sydney apartment site adjoining the EVE development in Erskineville.
Set in inner city Sydney's Erskinville, it sold for more than double the purchase paid less than a year ago.
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The offshore-backed B1 Group has paid just under $70 million to secure the 1.2 hectare site which could accommodate around 230 units. 
Despite the sale, the Melbourne-based Fridcorp says it is "no site-flipper" with fresh plans held by Sydney managing director Paul Fridman.
It is only the second project site Fridcorp has sold in its two decades. Its Melbourne projects often saw joint partners with previous alignments including Trafalgar Corporate and the Crawford Group. 
 "We are committed to our growth in the Sydney market and together with Wingate have seen great success from the launch of Eve in Erskineville and will continue to explore more opportunities here," he said. 
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<div class="cq-article-content-media section">Fridcorp bought the two parcels of land in October last year. </div>
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<div class="cq-article-content-media section">Together with the site where EVE is being built it paid $56 million, with the recently sold unbuilt EVE site accounting for nearly half of that sales figure. </div>
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<a href="/expert-insights/buying/eve-in-erskineville-secures-100-million-in-sales">EVE was Fridcorp's first Sydney development</a>, a sell-out success with all 197 apartments sold off the plan.
The $145 million development is due for completion next year. 
The Sydney-based B1 Group, headed by Anne Bi, already has a number of existing Sydney residential projects but was keen for an inner-city site. 
The deal was brokered by McGrath Projects agents Steven Chen and Michael Chen who negotiated the sale for their buyer within a 48-hour period.  
Paul Ephron, who heads the sites &amp; acquisitions within McGrath Projects, had the off-book listing.
The northern part of the site has approval for 112 apartments and 17 townhouses and the section at the rear comes with an approval pending for 93 apartments. 
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Fridcorp’s first Sydney project, Eve, included one, two and three bedroom apartments, situated on the corner of Eve and Macdonald Streets.
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With interiors from Hecker Guthrie and dKO Architects, <a href="https://www.evebyfridcorp.com.au/" target="_blank">Eve</a> is 250 metres from the train station and 10 minutes to the CBD.
It includes views of Sydney Park to the CBD, wide frontages and balconies, storage space and a communal rooftop leisure deck with private central courtyard.
One bedroom, one bathroom apartments were priced from $525,000; two bedroom, one bathroom apartments from $750,000; two bedroom, two bathroom from $780,000; three bedroom, two bathroom from $1.1 million. 
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