National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more internation and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

Joel Robinson

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

The Block

<html><body>
Bold Living has welcomed stars of TV show The Block, Will and Karlie Bethune, to the team, with the Queensland medium home builder naming the Brisbane couple as brand ambassadors.
Will and Karlie, who pocketed $815,000 in winning the 2016 series, will represent Bold Living.
They will participate in master-class style workshops and display home open days, as part of the new partnership.
Bold Living director Brett Boulton said the couple’s design flair and passion for the industry were a suitable fit for the fast-growing builder.
“We were delighted to host Will and Karlie at the recent launch of the Evolve Design Studio – our design showroom that is a one-stop-shop for anyone planning a new home build,” he said.
“Not only were we impressed by their natural style, but their energy, warmth  and ability to ‘think outside the box’ - qualities that match the team at Bold Living.   
<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/2017/07/03/Brett%20Boulton%20with%20Will%20and%20Karlie%20and%20Arlia%20Rubin%20at%20the%20Evolve%20%20Design%20Studio1%203.jpg" alt="">
They said they can’t wait to share our design ideas to enhance their building experience.
"We’re big fans of coordinating a neutral base palette with pops of colour, greenery and clever lighting design for a classic and modern look.”
Bold was established in 2010 by Mr Boulton and has grown exponentially in key growth areas across South East Queensland, with the company now building more than 200 new homes each year.
Bold Living has been awarded Queensland Medium Professional Builder by peak industry body - Housing Industry Association (HIA) - for the past two consecutive years, demonstrating excellence in all areas of home building.
<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/2017/07/03/LTR%20Brett%20Boulton%20and%20Arlia%20Rubin%20with%202016%20Block%20winners%20Will%20and%20%20Karlie2.jpg" alt="">
The Evolve Design Studio – the largest design showroom of its kind in Queensland - is open at 49 Flinders Parade in North Lakes. 
For further information call 1800 462 653 or visit <a href="https://www.boldliving.com.au" target="_blank">www.boldliving.com.au</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

The Block winners join Queensland home builder Bold

<html><body>
The Blocktagon apartment in South Yarra designed by The Block's most controversial contestant Suzi Taylor has sold for $2.35 million.
The sale comes after the three bedroom apartment was passed in at $2 million when auctioned early last month when it had a reserve price of $2.35 million.
The apartment sold for $1,829,000 under the hammer. It's the first resale in the block since the 2015 finale of the Channel 9 renovation show.
<div>
Suzi Taylor and Yvonne ‘Vonni’ Cosier pocketed $349,000 after they renovated the fourth floor of the derelict former hotel.
</div>
RT Edgar agent Nikki McCarthy said the property would earn buyers a great rental return with a permanent $1800 a week tenant or as a $485 a night short stay, as it came with most of the furniture from the show.
<div>
<div>
<div>
<div>This article first appeared in The Weekend Australian's Mansion Australia section.</div>
<div> </div>
</div>
</div>
</div>
</body></html>

jrobinson-rf4aSBido9

Suzi Taylor Blocktagon apartment sold

<html><body>
<div class="story-intro">
The Blocktagon, South Yarra apartment designed by The Block’s most controversial contestant, Suzi Taylor was passed in at $2 million when auctioned on the weekend.
It was offered with $2 million-plus price hopes and had a $2.35 million reserve.
The three-bedroom pad last sold for $1.829 million. It is the first resale in the block since the 2015 finale of the hit renovation show’s eleventh season.
Suzi Taylor and Yvonne ‘Vonni’ Cosier pocketed $349,000 after they renovated the fourth floor of the derelict former hotel.
</div>
Gold Coaster Suzi controversially danced topless on a boat after Oaks Day, collapsed on set and was admitted to hospital during the series.
RT Edgar agent Nikki McCarthy said the property would earn buyers a great rental return with a permanent $1800 a week tenant or as a $485 a night short stay, and came with most of the furniture from the show.
<div class="module image-module module-image-650w366h">
<div class="module-content">
<div class="image-block image-650w366h">
<div class="image-frame">
Black is a feature colour throughout the home. 
</div>
<div class="image-frame"> </div>
<div class="image-frame">This article first appeared in the Sunday Telegraph.</div>
</div>
</div>
</div>
</body></html>

Blocktagon unit of Suzi Taylor passed in at auction

<html><body>
Serial renovators Dea and Darren Jolly, stars of two series of Channel 9 show, The Block, are back at it again.
They picked up the keys on Thursday to a charming unrenovated Sorrento cottage on Melbourne's pricey Mornington Peninsula coastal playground.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.46.05%20PM.png" alt="">
It sold for $1.8 million through Sotheby's International agents Rob Curtain and Danielle Vains.
Dea's instragram has been peppered veiled references to the beach house acquisition including plans by Jane Merrylees, her architect, showing the proposed day bed on the verandah that looks out towards Port Phillip Bay with just a glimse of blue waters.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.46.48%20PM.png" alt="">
The character-filled 1900 four bedroom residence boasts an array of traditional features including a wrap-around porch, impressive 3.5m-high ceilings, fretwork, sash windows and more. There are two original fireplaces one in the lounge room and another in the kitchen.
"There is enormous potential to renovate and create a truly exceptional period home or rebuild to capture stunning water views from across the road," the marketing suggested with it just moments from the sand and bay trail track.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.47.35%20PM.png" alt="">
The purchase comes six months after they pocketed a nice gain from the sale of their Kew East rebuild with $2.908 million.  
They'd spent a year and about $1 million rebuilding their 1920s Kew East California bungalow after purchasing it in a rundown state for $1.395 million in June last year.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.48.14%20PM.png" alt="">
The renovation landed the Jollys in court with the couple’s building and design company DJJ Promotions placed, without conviction, on a two-year good behaviour bond by the Melbourne Magistrates Court.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.48.48%20PM.png" alt="">
Dea and Dazza's acquisition is a side show to the main event, when the latest series in Elsternwick start filming this week.
Much like the former Swans and Pies ruckman Darren, Aussie model Elyse Knowles is understood to have been enlisted as a celebrity contender for the new season.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.49.26%20PM.png" alt="">
Sydney Confidential understands Elyse will be renovating with her partner Josh Barker, however the couple won't be holed up with the other contestants for the full two months of filming at the Melbourne job site.
After several seasons of renovations in apartment blocks, the series will involve restoring houses that have been relocated to the suburban street. 
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.50.06%20PM.png" alt="">
The holding was once set to become a school, but neighbours including comedian Gina Riley, famous for Kath and Kim, campaigned against it.
Five time winner Sydney auctioneer Damien Cooley hasn't been signed up quite yet for the auctions later this year.
<img src="https://www.urban.com.au/images/2017/05/01/Screen%20Shot%202017-05-01%20at%2012.50.55%20PM.png" alt="">
Channel 9 will then be staying in Melbourne for its 2018 series too having purchased the infamous Gatwick Hotel on the seedy Fitzroy Street, St Kilda strip.
The Spanish Mission 64 room hotel cost around $15 million with the Block in the process of relocating its permanent occupants.
This article first appeared in the Daily Telegraph.
</body></html>

The Block's Dea and Darren Jolly buy in Sorrento

<html><body>
Channel 9 has purchased the infamous Gatwick Hotel in Melbourne's St Kilda as the location for an upcoming series of The Block.
A caveat was placed on the property on Wednesday by a company owned by Nine Entertainment Group.
Channel Nine's The Block was keen to renovate the notorious Gatwick Hotel in Victoria despite its seedy location on Fitzroy Street.
It was originally advertised at $11 million plus when placed on the market in December 2015 through Lemon Baxter
Applications are now closed for a 2017 series with an Elsternwick property location in the mix.
The owners of The Gatwick Hotel, sisters Yvette Kelly and Rose Banks, have declined to confirm a sale of the boarding house.
Residents have been given four months notice of the need to move.
The Gatwick Private Hotel at 34 Fitzroy Street, St Kilda was constructed by 1938, one of a number of substantial apartment buildings or private hotels constructed in St Kilda during the inter-war period. It is a three-storey stuccoed building with three street frontages, executed in a restrained Spanish Mission manner.
The building is built to the property boundaries to the three streets.
The interior of the hotel is highly intact.
On the ground floor the reception office and a spacious (former) telephone booth feature Jacobean dark wood panelling with beveled glass lights above.
The former lounge has a large Adamesque ceiling centre in fibrous plaster.
The staircase has a wrought-iron balustrade with a lyre motif.
The Gatwick Private Hotel has been historically associated with the Carbone family who have owned and managed the building since 1977. Vittoria Carbone or ‘Queen Vicky’, in particular is fondly remembered for her compassionate management of the Hotel and her legacy is carried on by her daughters Rose and Yvette.
The 64 room hotel had been on the market for a year before being removed from the market in October 2016.
</body></html>

The Block secures the Gatwick on seedy Fitzroy Street, St Kilda

<html><body>
As Channel Nine officially start casting for the next contestants for season 13 of The Block, it is reported that St Kilda's grubby Gatwick Hotel could be the heroic site to renovate.
It looks like the show, who worked on the seedy Savills Hotel in season 11, are set to make the Gatwick their biggest layout in the show's history. 
The 64 room hotel had been on the market for a year before being removed from the market in October with an ambitious $11 million asking price.
It has been reported by the local papers that the producers of the reality TV series were in serious negotiations however it is yet to be formally apparent as a done deal.
It would be far and away the biggest price the Block will have paid for a development site and would be over double of the $5,025,000 they paid for the Port Melbourne soap factory for the last series.
The Gatwick Hotel traded for $3.04 million in 1998.
It could be renovated by a fresh batch of contestants, with the ad on <a href="https://www.castasugar.com" target="_blank">www.castasugar.com</a> only appearing in the last few days.
</body></html>

The Block 2017 starts casting contestants as St Kilda's Gatwick Hotel tipped

<html><body>
The inaugural Block contestants Gavin Atkins and Warren Sonin, or 'Gav and Waz', are off to the Sunshine Coast hinterland having sold their Potts Point apartment.
The interior designer duo have secured a home overlooking <a href="https://www.realestate.com.au/property-house-qld-cooroy+mountain-123331294" target="_blank">Cooroy Mountain</a>.
It was serendipitous circumstances that they heard about the pending $2.7 million listing which they secured before it hit the market.
Riverdale, which adjoins lush rainforest, is a quality built hillside home that has generous proportions with soaring raked ceilings.
It is about 20 minutes to Noosa's Hastings Street and 25 minutes to Sunshine Coast Airport which will see them continue to service clients of their Sydney business, Designer Boys
They duo recently secured the quick sale of their two bedroom Altair apartment in Potts Point.
The 16th floor unit was about to get a serious redesign when they sold off-market having bought it in November last year for $2,325,000 from the former ABC TV director Paddy Conroy.
<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/2016/12/18/Cooroy%20Mountain.jpg" alt="">
Their latest Sydney property foray came after they had sold Charltons, their Byron Bay hinterland estate of eight years, for $3 million in 2013. 
Charltons was a restored 120 year cottage on a hillside overlooking 24 hectares in the Byron Bay hinterland.
A Northern River’s farmhouse had been trucked to the property which underwent extensive renovations and a contemporary extension completed on a block that cost $610,000 in 2007.
It was 2003 when Sonin and and Atkins got their national profile as stars of the first series of Channel 9 reality TV show The Block.
Crazy John, the phone retailer, paid $670,000 after their makeover to the Bondi Beach apartment.
The article first appeared in the Saturday Telegraph
</body></html>

firstname1-iYD4UYzvBa

Gav and Waz buy at Cooroy Mountain on the Sunshine Coast

<html><body>
The Channel Nine television series, The Block is more about entertainment than real estate.
But there are always important takeouts from the stressfully quick renovation which concluded with the Sunday night showing of its rather laboured auction finale.
The location of this year's Port Melbourne offerings was brave, not because it sat in the capital city attracting negative headlines around the increasing potential of an oversupply in apartments.
The choice pushed the envelope because Ingles Street is still very much an industrial location, so a b-grade location in most buyers' mind.
For Sydneysiders it would be like flogging prestige apartments on say Canal Road, Tempe.
Notwithstanding the nearby rubbish tip, it will be a cosmopolitan suburb, but not in the immediate future.
Its massive residential development potential is only now kicking in.
Everywhere one looked from the heritage Block apartments, there's development which is potentially a good outcome, but also a poses a risk, and at least a disruptive period for potential buyers.
It will be many years before there is anything like a village atmosphere, so the art deco office apartment offerings were only ever going to appeal to a small number of owner occupiers.
Indeed four of the five apartments were sold to investors including the winning one fitted out very well by the young Queenslanders, Will and Karlie. 
Dan and Carleen Foley’s apartment was bought by a young family of owner-occupiers.
Will and Karlie's ground floor garden apartment sold for $2.6 million, some $715,000 over its conservative reserve. Remarkably the pair only had the ground floor apartment because they came last in a challenge among the contestants.
I am a huge fan of garden apartments as they are a rarity, so should typically always make for good prices and price growth.
With some 200 sq m internal space, plus alfresco deck and lawn, it was the biggest price any apartment on The Block has ever secured, beating the $2.47 million paid in 2014 for an apartment in the converted cinema complx in upmarket Albert Park.
All five sales did much better than the current price per square metre record for Port Melbourne that sits around $7,000. 
There's no doubting the depreciation benefits attracted the investors. 
Buyers secured likely tax deductions upwards of $80,000 in the first year, totalling more than $2 million after 11-plus years of ownership.
Investors were accordingly out in force, lured by the tax treat that investors receive from depreciation.
It was interesting the only criticism of the apartments came not from the posse of buyers' agents, but rather the Melbourne radio comedian, Dave Hughes who got inside by pretending to be a potential buyer. He turned up with his cheque book, and registered for the right to bid, though never raised his auction paddle.
His major issues centred around the height of the ceilings, noting the ground floor apartment, renovated by Karlie and Will, was his obvious preference due to the high ceilings, which then disappointed elsewhere in the apartment complex conversion.
He suggested the apartment won because the ceilings were really high, and as "you got up higher the ceilings get lower and lower."
The comedian was also critical of the parking facilities.
"You've got one car port and you've gotta walk quite a way to get to the car port.
"There's no parking people!"
The 1920s converted soap factory office was, he however acknowledged, "extraordinary."
This article first appeared in the Saturday Daily Telegraph.
</body></html>

jchancellor-FAypfDUnLy

Garden apartments are property winners

<html><body>
GUEST OBSERVER
Washington Brown has crunched the numbers on The Block’s latest development in Melbourne’s inner-city bayside suburb of Port Melbourne, and something just doesn’t add up.
From a financial point of view the development, which consisted of transforming a 1920s art deco building into a luxury apartment block, was one of the worst I have ever seen.
While I understand the magic of television, Channel 9 have outdone David Copperfield in creating the illusion of a profit to the public!.
Let's look at the numbers:
According to reports Channel 9 bought the site for around $5 million, which allowed for 6 apartments. Only 5 were sold on TV and for calculation purposes let’s say the acquisition costs is $4.2 million.
The construction cost and depreciation allowances totalled over $11 million, for the 5 apartments.  
That’s $15.2 million alone in construction and acquisition costs.
It’s worth noting that under the Income Tax Assessment Act 1997 the initial vendor (ie. the developer) has an obligation to pass on the actual costs of construction to the purchaser, where the costs are known.
Let’s not forget there’s then a variety of other costs involved in buying and selling, and undertaking the development, including:
<ul>
<li>Stamp duty</li>
<li>GST on the sale</li>
<li>Demolition</li>
<li>Marketing</li>
<li>Agents’ fees</li>
<li>Legal fees</li>
<li>Interest</li>
<li>Rates</li>
</ul>
Whilst some of these costs may have been avoided due to contra deals, the bulk would have to be outlaid by Channel 9.
I estimate these additional costs to conservatively be $2 million, which brings the total cost to $17.2 million.
The Block’s<a href="https://www.domain.com.au/news/the-block-2016-will-and-karlie-win-and-take-home-815000-in-prize-money-20161113-gsoefv/" target="_blank"> total sales </a>realised just a little over $12 million, leaving the development in the red by around $5 million, yet it has been indicated that <a href="https://www.domain.com.au/news/the-block-2016-the-auctions/" target="_blank">profits</a> of up to $715,000 were made by the contestants. 
That something David Copperfield would be in awe of.
You know it’s the peak of the market when reality TV shows are pulling rabbits out of a hat to show a profit.
Whilst the contestants may have walked away with some ‘profit’, if the numbers are to be believed as shown on the show that development was a stinker.
Tyron Hyde is director, Washington Brown, and can be contacted <a href="https://www.washingtonbrown.com.au" target="_blank">here</a>.
</body></html>

How successful was The Block Port Melbourne as a development?

<html><body>
Over the years The Block contestants have pocketed some pretty impressive sums from their auction sales but it hasn't all been largely over the reserves and champagne celebrations.  
Here's how the Block winners have performed since the show's beginnings in 2003. 
Triple Threat (2015), South Yarra
Winners Darren and Deanne walked away with The Block's highest ever prize, winning a total of $935,000. The three-bedroom property at 4/27 Darling Street was sold by Jellis Craig's Andrew McCann and auctioned by Damien Cooley. The couple's $1.39 million reserve was dismissed with a starting bid of $1.8 million. An active market and growing house prices no doubt contributed to the record-breaking win.
Heritage Art Deco (2016), Port Melbourne
Most recently, Will Bethune and Karlie Cicero walked away with a massive $815,000, the second highest winnings earned by a team on The Block. Their ground floor apartment of the converted 1850s J.Kitchen and Son soap factory at 164 Ingles Street sold for $2.6 million at auction, $715,000 above the reserve. Despite not being a favourite with the show's judges, the art deco apartment was a win with the fans. 
The Blocktagon (2015), South Yarra
The Blocktagon winners Dean and Shay sold their penthouse apartment for $2.3 million, $655,000 over the reserve price. Along with the show's prize money, the couple walked away with $755,000 in total for their work on the old Hotel Seville in South Yarra. The luxury residence was also the third consecutive victory for Jellis Craig's agent Andrew McCann who also sold Dean and Darren's record-breaking Triple Threat apartment in 2015 and Simon and Shannon's winning Glasshouse apartment in Prahran. 
Fans V Faces (2014), Albert Park
Steve and Chantelle pocketed a total of $736,000 for their apartment on the show's Fans V Faves series. Their north-facing Albert Park apartment sold at auction for $2.47 million to a young professional couple with a baby on the way. The city and bay views no doubt helped the 1/47 O’Grady Street apartment sell for well over the reserve. 
The Block (2012), South Melbourne
The Block winners Brad and Lara pocketed $606,000 for their apartment in South Melbourne. The apartment was larger than the other contestant’s and sold for $1.62 million, setting a record for the show at the time.
Glasshouse (2014), Prahran
Glasshouse winners Shannon and Simon won a total of $435,000. The brothers sold their apartment for $1.9 million at auction. The Glasshouse apartment block was located on a main, high-traffic road and contestants had to convert old offices into residential spaces, contributing to the lower figure.
All Stars (2013), Bondi
Phil and Amity claimed the top spot in the show's All Stars series, walking away with a total of $395,000. Their Bondi townhouse sold for $1.67 million.
Sky High (2013), South Melbourne
Alisa and Lysandra won the show’s Sky High series with $395,000, the same amount as Phil and Amity in the All Stars series. Their first-floor apartment featured vertical gardens, an emerging trend at the time, and sold for $1.345 million at auction.
The Block (2010), Vaucluse
Josh and Nisha walked away with $305,000 for their upscale apartment in Vaucluse, Sydney. Only one of four apartments didn’t sell at auction, proving the show’s success was on the rise.
The Block (2003), Bondi
Contestants of The Block’s first season, Adam and Fiona, walked away with a total of $256,000. Having renovated three properties before entering the show, the married couple from Banksia, New South Wales had the most experience of all contestants competing at the time.
The Block (2004), Manly
Jamie and Andrew pocketed $178,000 when their Manly apartment sold for $868,000 at auction. Only two of the four apartments sold at auction making it one of the least successful seasons in The Block’s history.
The Block (2011), Richmond
Polly and Waz were the lowest earning winners ever in The Block series, walking away with just $115,000 in total prize money. Their Richmond apartment was the only one of the season to sell at auction thanks to a downturned market at the time.
The Block has been renewed for a thirteenth season, but aren't saying just where yet.
</body></html>

The Block

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

The Block

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News