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

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

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The unusual Hollander House, the Antonio Gaudi-style home at Newport on Sydney’s northern beaches, has been sold.
The hand-formed ferro-cement house is without question one of the finest examples of true organic architecture in Australia. 
<div class="image-frame image-650w366h"><img src="https://resources3.news.com.au/images/2015/01/22/1227193/470311-8f0e4fdc-9f74-11e4-96f4-b3bf448e0f0c.jpg" alt="Hollander House takes inspiration from the adobe buildings of Africa and the southwest Un" width="650" height="366"></div>
Hollander House takes inspiration from the adobe buildings of Africa and the southwest United States. 
"Hollander House is free form and highly contemporary and will appeal to those who think different," the marketing from<a href="https://www.modernhouse.co/listings/hollander-house/" target="_blank"> </a><a href="https://www.modernhouse.co/listings/hollander-house/" target="_blank">Modern House</a>, a specialist estate agency for architect-designed residences, suggests.
No formal price guidance had been issued, but an ambitious $1.5 million had been mooted in both the local papers.
The current owner is Californian-born interior designer Nancy Renzi of Renzi Design. Newport is situated 31 kilometres north of Sydney’s CBD.
The property at 81 Grandview Drive was designed by David Hollander and built between 1969 to 1971 following the contours of the land like a giant rock formation.
"It evokes memories of Antonio Gaudi’s Barcelona architecture with the optimism of the future, think Zaha Hadid but with texture," the marketing suggested.
It first featured in Australian House and Garden, September, 1971, then voted one of the top five houses of the year, Australian House and Garden, 1973. Vogue Australia featured it in 1975.
Hollander developed a floor plan enveloping three levels beginning at the entrance hall and office, continuing through the living area to the kitchen/dining area, and ultimately ascending to the casual recreation room at the highest elevation.
His elliptical walls have curves which he thought were correct aesthetically, having found a heavily treed allotment just below the crest with a restrained excavation of the site for his new home. 
Recent additions to the design include an outdoor bath in the private deck from the main bedroom and a large entertaining deck off the kitchen with an outdoor fireplace as a centrepiece. There is 180 square metre internal space for the house engineered by E Perry and built by B A Moore on the 904 square metre block.
Hollander designed it for his own use and lived there for 14 years. Stephen and Meredith D'alton sold the house in 1990 for $230,000. It last traded at $860,000 in 2011.
<img src="https://www.modernhouse.co/wp-content/uploads/2014/06/FLOOR-PLAN_Portrait_HOLLANDER-HOUSE-728x1030.jpg" alt="FLOOR PLAN_Portrait_HOLLANDER HOUSE" width="728" height="1030" data-original="https://www.modernhouse.co/wp-content/uploads/2014/06/FLOOR-PLAN_Portrait_HOLLANDER-HOUSE-1273x1800.jpg">
David Hollander trained at the University of Sydney in the mid-1960s, later joining the Canberra office of Towel Rippon and Associates before accepting a position with the Sydney practice Devine Erby Mazlin (today DEM) in 1974. 
Some of Australia’s most celebrated circular-plan buildings include Roy Grounds’ Australian Academy of Science building at the Australian National University, Canberra (1956) and on a domestic scale, Peter Muller’s dome-roofed Kumale, in nearby Barrenjoey Road, Palm Beach (1955).
Newport, which sits between the Pacific Ocean to the east and Pittwater to the west, is a 20 minute drive to Palm Beach or Manly. 
 
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jchancellor-FAypfDUnLy

Organic 1970s Hollander House, the Gaudi-style home at Newport, sold

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Dwelling prices sit around 33% higher than the last peak, but is that a Sydney-wide boom or indeed bubble?
The catchup growth in the past year has been at around 15%, but over the past decade at 5% annually, which was exceeded by Darwin (7.4%), Melbourne (6.4%) and Perth (6%).
There is no doubting many sales in many suburbs are seriously overpriced. I would call them bubble prices. There was a Maroubra sale where with a coat of paint difference a $1.46 million sale of a two bedroom semi on 310 square metres had last sold at $1 million in March 2013.
I couldn't spot the $460,000 difference. 
The silly prices could easily result in any exit - perhaps even over as long as the next decade - in tears given some buyers are seriously over paying currently.
If they want to keep it has their longtime, forever family home, the exuberance won't be as apparent longterm as if they were investing in a reckless pursuit of yield, frustrated by what returns they can get elsewhere.
Rental markets are softer, and looming construction supply will see further softening.
But it should be noted there are home sales and market segments where the market is yet to bounce to any significant extent - especially prestige homes where Chinese buyers are absent and from the indulgent coastal beach home market unless Justin Hemmes is present.
Title Tattle turned up to a recent weekend Queen Street Woollahra auction - where the only bid came from the McGrath auctioneer Scott Kennedy Green.
He had tried to get $7.5 million plus interest, and passed it in on a $7.2 million vendor bid. The sandstone, semi-detached 1867 Victorian terrace set on a 417 sqm parcel close to the Woollahra Village featured in the Willem Rethmeier and Jenne Reed Burns 2000 book, Private Sydney after Elizabeth Wadsworth's renovation. Elizabeth Wadsworth popped into the auction from next-door where she has wanted $8 million plus for her 1850s terrace, St Aubyn since last year.
Not one attendee at the 188 Queen Street auction of apparent Asian descent, either fourth generational or fly in. 
They are all busy buying up in the re-emerging Bellevue Hill and Double Bay. Eventually disappointed underbidders from these adjoining suburbs will help underpin the Woollahra recovery, but not yet.
Last month Title Tattle reported the mining heiress Sarah Louise Fudge sold Spicer House, Woollahra for $5.5 million.
Her landmark home in Woollahra was listed $5 million plus hopes given her relocation to Hollywood. 
The 1886-era residence Spicer House traded in May 2011 for $5.5 million.
Remember the former tennis champion Pat Rafter sold his Woollahra terrace for $2.4 million late last year.
The Wallis Street contemporary three-bedroom terrace cost $2.35 million in 2007, so price growth didn't cover the stamp duty over the seven year period.
The Noosa-based sportsman would have been wiser retaining his Sydney home on Hopetoun Avenue, Mosman which was sold in 2007 for $7.75 million. Onthehouse website cautiously suggests that Mosman home could be worth $10.6 million now.
But Chinese interest in Mosman is light compared to say Epping.
Last month 10 Hermington Street, Epping sold at $1.1 million, some $70,000 over reserve, which shows to me that over the top sale prices are in decline. But the auction was significant as there were 17 registered bidders, 11 of whom took part.
Low interest rates have encouraged many more buyers into the market, and as long as rates stay low, not withstanding APRA's macropridential attempts, local buyers will try their luck.
And if the RBA succeeds in being the dollar down, then foreign buyers and expats will underpin the market. 
Of course once rates rise then it will be regrets for many, despite the banks saying everyone is ahead of their repayments and that they are ensuring loans are being processed with anticipated higher debt borrower capabilities.   
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Woollahra heads the suburbs the 2015 boom has bypassed

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<div class="cq-article-content-paras section">
Three more surplus social housing homes in Millers Point have been sold.
The three properties sold through Raine &amp; Horne Double Bay included 32 Kent Street, an 1870s, two-bedroom terrace at $1.5 million.
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<div class="cq-article-content-paras section">
Another 1870s row house, at 56 Kent Street, sold for $1.68 million.
At 42 Kent Street, (below) with harbour views, an above-expectation $2.2 million was achieved by the NSW government.
<a href="https://www.realestate.com.au/photogallery_new.ds;jsessionid=F79541AF742788A3D14831BBBA1E6CCB?id=119722987&amp;theme=rea.sold" rel="photos" data-id="119722987"><img src="https://i3.au.reastatic.net/456x342/9cbf5d600f98d6e769e1dcdacaa950b9df685688c68546deaead803574f0a876/image2.jpg" alt="42 Kent Street, Millers Point" title="42 Kent Street, Millers Point" data-index="2"></a>
Next up are 18 Trinity Avenue, 34 Kent Street and 54 A&amp;B Kent Street.
More than $40 million has been secured in the sell-off.
Last month Grimes Cottage, at 50 Argyle Place in Millers Point secured the <a href="/expert-insights/buying/grimes-cottage-millers-point-sold-by-nsw-state-government">highest price yet in its staggered former social housing selldown at $4.23 million</a>.
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More Millers Point terraces sold off by the NSW government 

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Sydney is one of the most resilient property markets in the world, so estate agent John McGrath says buyers and sellers need to ignore the bubble commentary. 
"Sydney has proven itself over and over again to be one of the most resilient property markets in the world, with long-term fundamentals that form a bedrock of strength for the market." 
But he says the boom is definitely going to end at some point. 
"That doesn’t mean price growth will end, it will continue on but in a less spectacular fashion."
He told the Today Show's Lisa Wilkinson that the Sydney market still had "a few percent to go."
"The Sydney and Melbourne markets are red hot…probably close to where they are going to go in this cycle.
"I think we are close to the top of the market.
"Don't panic, don't over stretch your budget," he advised.
When asked what will take Sydney out of the boom? He listed a few things on <a href="https://www.switzer.com.au/the-experts/john-mcgrath-property-expert/why-sydney-prices-wont-fall/" target="_blank">his switzer blog</a>.
<ul>
<li>The market will at some point reach a natural peak – prices will get too high and buyers will lose interest. This isn’t happening yet, partly because finance is so cheap.</li>
<li>Investor activity, which has been a major driver of Sydney’s boom, will taper off as yields become too low.</li>
<li>Interest rates will begin rising at some stage as the economy improves and this will put the brakes on activity – but this is a long way off. </li>
</ul>
"It’s a bit unusual to have such a long stretch of significant price rises," he conceeds.
"But it doesn’t mean a calamity awaits us. 
"A big part of the growth we’re experiencing today is simply catch-up after several years of little growth. 
"Everyone needs to calm down and remember that this is a solid, high performing property market in a truly international business hub and in my opinion, it is going to stay that way for a long time to come. 
He says a big fundamental is that Sydney is vastly undersupplied with natural borders that limit the amount of new homes that can be built, yet demand keeps on rising due to the city’s strong population growth and increasing engagement from overseas buyers. 
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No calamity coming: Why Sydney still has price growth in 2015: John McGrath

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Australian Property Monitors (APM) has released a list of results from 657 auctions in Sydney for the weekend of 30 May. The clearance rate was 87%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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mick.cee-iDmgDDAmu8

APM's Sydney auction results for May 30 weekend

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The Robert family have finally sold their impressive Mount White property for $3.4 million.
The 20-hectare Central Coast sanctuary - a four-bedroom home built from sandstone, glass and timber with views across the Hawkesbury River - was initially listed with $5 million hopes in 2009.
The open-plan architecture features local sandstone and red gum timbers. It is located about an hour to Sydney's CBD and 25 minutes to Gosford.
Around $4 million was sought by early 2010 for the trophy home with its dining and entertaining pavilion adjacent to its glass edged pool.
There is a two-bedroom guest house and an artist's studio. It has been a holiday rental recently.
It comes with approval for a helicopter landing pad. 
Most recently <a href="https://www.realestateview.com.au/Real-Estate/morgans-road-mount-white/Property-Details-sold-residential-8037978" target="_blank">229 Morgans Road, Mt White</a> came with $3.6 million plus hopes through Brett Hunter at Raine &amp; Horne Terrigal.
The land traded for $490,000 in 1999.
Mount White's best known resident is adman John Singleton, who bought his initial holding in 1994.
The highest sale previously was $1.3 million in 2013.
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NSW Central Coast Mount White $3.4 million trophy home sale

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Wanganui, the grand Longueville trophy home residence, sold hours before today's scheduled auction for close to $6.5 million.
The home with its blue turret sold for the first time in 57 years - bought by architect David Reuben Lennon in 1958 for £13,500.
Set on a 2087 square metre holding at<a href="https://www.realestate.com.au/property-house-nsw-longueville-119650891"> </a>58 Lucretia Avenue, the 1893 Wanganui had a price guide of $6.5 million plus with just a slither of land tracking down to the water.
Its blue corner turret with an ogee cupola was its defining feature, built in 1893 by architect C J Ross.
While its much needed renovation dampened any above expectation price escalation, its sale topped off the final weekend of a stellar Autumn auction season.
APM reported the preliminary weekend clearance rate as 87.4% in a fillip on the recent fortnight. 
Northing under 80% for almost all of the autumn selling season. Last weekend's revised success rate was 83.4%.
"The Sydney home auction market entered May in record breaking form and recorded an astonishing 89.2 percent clearance rate on May 9," APM senior economist Dr Andrew Wilson said.
"It appeared just a matter of time before a 90 percent plus weekend result was recorded. 
"But this has not eventuated – so far – with the market weakening over the past fortnight," he said before today's results.
The weekend Sydney was scheduled to host nearly 850 auctions, well ahead of the 750 auctioned last weekend but below the 907 auctioned over the same weekend last year. 
The weekend’s stronger auction numbers reflects some sellers avoiding the Queen’s Birthday holiday next weekend.
Mosman, Cronulla and Pymble were the most popular suburbs for auctions in Sydney with 10 each followed by Strathfield, Hurstville, Epping and Wahroonga with nine each and Baulkham Hills, Chatswood, Menai, Earlwood and Annandale each with eight auctions scheduled.
Sydney’s inner west hosted the most number of auctions with 129 listed followed by the upper north shore with 124, the south 123, the city and east 95, the lower north 81, Canterbury Bankstown 62, the west 60, the south west 55, the northern beaches 44, the north west 42, the central coast 18 and the Blue Mountains with just the one auction scheduled.
<table style="width: 605px;" border="0" cellspacing="0" cellpadding="5"><tbody>
<tr>
<td colspan="2">
Most expensive
</td>
<td colspan="2"> </td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_0">
<td id="rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">52 Edgecliffe Esp, Seaforth NSW 2092, 5 br House, RW Lower North Shore</td>
<td id="rpMostExpensive_tdMostExpensiveSold_0">$4,425,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_1">
<td id="rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">36 Wentworth Av, Canterbury VIC 3126, 4 br House, Jellis Craig Hawthorn</td>
<td id="rpMostExpensive_tdMostExpensiveSold_1">$3,950,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_2">
<td id="rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">13 Ormonde Av, Millswood SA 5034, 4 br House, Ouwens Casserly</td>
<td id="rpMostExpensive_tdMostExpensiveSold_2">$925,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_3">
<td id="rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">19 Eskgrove St, East Brisbane QLD 4169, 3 br House, RW Ascot</td>
<td id="rpMostExpensive_tdMostExpensiveSold_3">$1,700,000</td>
</tr>
<tr id="rpMostExpensive_trMostExpensiveRow_4">
<td id="rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">9 Geerilong Gdns, Reid ACT 2612, 3 br House, Peter Blackshaw Manuka Pty Ltd</td>
<td id="rpMostExpensive_tdMostExpensiveSold_4">$1,800,000</td>
</tr>
<tr>
<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_0">
<td id="rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="rpMostAffordable_tdMostAffordableLocation_0" colspan="2">39/103-111 Longfield St, Cabramatta NSW 2166, 3 br Unit, R&amp;W - Cabramatta</td>
<td id="rpMostAffordable_tdMostAffordableSold_0">$125,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_1">
<td id="rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="rpMostAffordable_tdMostAffordableLocation_1" colspan="2">3/6 Hatfield Ct, West Footscray VIC 3012, 1 br House, Sweeney Footscray</td>
<td id="rpMostAffordable_tdMostAffordableSold_1">$220,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_2">
<td id="rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="rpMostAffordable_tdMostAffordableLocation_2" colspan="2">5 Glyde St, Albert Park SA 5014, 2 br House, Harris Real Estate - Glenelg</td>
<td id="rpMostAffordable_tdMostAffordableSold_2">$390,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_3">
<td id="rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="rpMostAffordable_tdMostAffordableLocation_3" colspan="2">57 Australia 11 Drive, Kensington Grove QLD 4341, 3 br House, ELD Laidley</td>
<td id="rpMostAffordable_tdMostAffordableSold_3">$185,000</td>
</tr>
<tr id="rpMostAffordable_trMostAffordableRow_4">
<td id="rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="rpMostAffordable_tdMostAffordableLocation_4" colspan="2">3/39 Bywaters St, Amaroo ACT 2914, 3 br Townhouse, Luton Properties - Gungahlin</td>
<td id="rpMostAffordable_tdMostAffordableSold_4">$430,000</td>
</tr>
</tbody></table>
 
 
</body></html>

Longueville turret trophy home sale signals brightening end to Sydney's autumn auction season

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Strike the bells! An undercover Potts Point car space fetched $264,000 at competitive auction tonight.
Set in somewhat dated 1960s block, The Chimes, the Macleay Street price easily exceeded all prior price estimates given the egos involved. It is understood to have sold to an entrepreneurial Sydney CBD medico with an active interest in Potts Point and Elizabeth Bay property.
It was a Sydney record. There are studios for sale from $335,000 in nearby Kings Cross. There is strata commercial studio space around nearby Kings Cross for sale at less.
<img src="https://www.urban.com.au/images/2015/05/28/Screen%20Shot%202015-05-29%20at%208.12.09%20AM.png" alt="">
Residential studios could be expected to fetch $305 plus a week in rent, while an open air, narrow, poled car space might be likely to fetch $70 a week.
There were about 10 keen local buyer participants after bidding opened at $120,000 for the auction rarity sandwiched between the harbour and the central business district.
There were still five in the contest as it approached $200,000. After buyers' agent Janne Sutcliffe dropped out as bidding headed towards $210,000, there were two locals remaining.
"Quarter of a million," was another milestone bid of the eventual buyer, with the room collectively gasping, many clutching their cocktail hour pearls.
Spilling out onto the plane tree-lined Parisian end of the strip, one high-rise apartment owner attendee brought his real estate loving schnauzer.
The sale through<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/property/0000264730" target="_blank"> Richardson &amp; Wrench agents Greg McKinley and Luke McDonnell </a>reflected around $10,000 a square metre for the longer then normal 26 square metre space, but single car space.
There is a right of way across the title, which is about 10 metres long by about 2.4 metres wide at 45 Macleay Street on the McDonald Street corner.
"It was certainly not the norm," selling agent Greg McKinley told Property Observer in an after auction attempt to quell bragging among the boastful car parking cognoscenti tomorrow morning at local coffee shops. And possibly wider commentary from mainstream media who could be relied to misconstrue.
"It was something of a one off…. I was not expecting to see a 2 in front of the price," he said.
Auctioneer Peter Baldwin said such was the interest there had been been bets on the price from locals in the 'hood. 
The 10-storey, 80 unit Chimes strata block was registered in 1964 when the standard EJ Holden cost the equivalent of $2102.
The car space previously traded with a studio apartment, but prior to that sale sold at $60,000 in 2011 on its own and $31,000 in 1997. 
<img src="https://www.urban.com.au/images/2015/05/28/Screen%20Shot%202015-05-29%20at%208.11.51%20AM.png" alt="">
The last sale in the secure complex with two storey parking was adjacent at $90,000 in an off market deal last year.
Last October another residential inner city car space fetched a then record $210,000 at auction.
The $210,000 Elizabeth Bay car space was sold at Laing Real Estate auction, reflecting 13% annual price growth over the past 37 years.
<div>
The inner city precinct has been described as the toughest in Australia to find a car space with almost 25,000 residents living in a 1.89 square kilometre footprint which is a <a href="/news/act/tyler-br-l-e-says-empty-canberra-cbd-needs-urban-renewal-and-possibly-udon-bolognese-eatery">restaurant mecca</a>.
</div>
The residents own close to 6000 vehicles but with there are just 4300 on-street car spaces available, Sydney Council data shows. Many of the older buildings have limited, onsite, lease only car parking and council restrictions in more modern buildings often ensure the car spaces can not be transferred to outsiders.
Until tonight the Sydney record, as Property Observer concludes, was a 16 square metre single car parking space at North Bondi sold for $240,000 in 2010.
 
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Inner city car parking convenience costs record $264,000 at The Chimes, Potts Point

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The redundant Mosman investment property of Australia’s richest woman Gina Rinehart sold at a $300,000 loss.
It was the former Mosman home of her daughter, Hope Welker.
It had cost $5.4 million in 2007, and the paperwork shows its recent sale was at $5.1 million to a Chinese couple.
Another $300,000 in NSW stamp duty would be added to the expenses bill, along with land tax and selling expenses.
Its March sale was undisclosed, pre-auction on its second sales marketing attempt.
The contemporary Bradleys Head Road house had been listed <a href="/news/gina-rinehart-relists-redundant-mosman-house">both times through the Ray White Lower North Shore</a>.
Hope Welker and her husband, Ryan, vacated the Mosman property as they departed for New York in 2011, around the time the family dispute over control of the family's mining interests became public through litigation.
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Gina Rinehart's $300,000 Mosman house loss

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The health club chain Fitness First will open at Sydney's waterfront Barangaroo development. 
The fitness centre will also come with a wellness centre proposal said the chief executive Andy Cosslett of Fitness First, which is owned by US hedge funds Oaktree Capital and Marathon
It will be the chain's seventh central business district club, with the group telling the Australian Financial Review it will invest about $4 to $5 million in the venture. 
"We are delighted to welcome Fitness First and their exciting wellness initiative to Barangaroo to complement the precinct's public benefits such as 50 per cent open space, and kilometres of waterfront  pedestrian and cycling paths," Lend Lease managing director of Barangaroo south, Andrew Wilson, said. 
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