The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

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[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

Title Tattle

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2GB Radio broadcaster Ben Fordham and his construction manager mate, Steve Fadel pulled their small-scale development in Redfern from its weekend scheduled auction.
They're now seeking a tenant at $1,800 a week.
The Turner Street property might get re-listed for auction when the auction season returns in February.
The almost identical home at 19b sold pre-construction 18 months ago for $2.65 million, with the now complete 19a having $2.4 million price guidance through the BresicWhitney agent Charles Touma.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/5/Fordham2.jpg" alt="">
The three bedroom property features an industrial warehouse aesthetic including a front door fashioned from a decommissioned Sydney Ferry.
Fadel and Fordham’s business relationship formed when they were next-door neighbours.
This article was first published in the Saturday Daily Telegraph.
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Ben Fordham seeks tenant for Redfern development after auction pulled

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The New Zealand based sports anchor Craig Norenbergs has offloaded his Ultimo investment apartment for $910,000.
The formerly Chiswick-based Norenbergs paid $358,000 for the two bedroom apartment in 2003.
The 1980s Tivoli Gardens apartment on Bulwara Road was sold Sami Yildiz at the Kho &amp; Lee agency.
After spending time with Al Jazeera in the Middle East, Craig and family are now happily settled in New Zealand, buying in the popular beachside suburb of Kohimarama in Auckland.
The former Sky News sports anchor, who had previously worked for the ABC, BskyB in London, now has a senior role at the NZ Racing Board.
This article was first published in the Saturday Daily Telegraph.
 
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Sports anchor Craig Norenbergs sells Ultimo investment

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The Block judge Shaynna Blaze’s Ringwood North family home of 15 years has been sold.
It was listed with price hopes of $1.19 million $1.29 million, and understood to have sold at above the guidance range. 
She raised her family at the <a href="https://www.realestate.com.au/property-house-vic-ringwood+north-126752098" target="_blank">two-level property</a> in Melbourne's outer east, which has been listed through Fletchers Ringwood agent Robin Waterbury.
<img src="https://cdn.newsapi.com.au/image/v1/aaa424b01fb6473f3b7380281c3b6dcc" alt="Black and grey details stand out in a bright environment." width="650" height="366">
The four-bedroom house on 700 square metre features three open-plan living areas, timber floors, new carpets, an updated kitchen and bathrooms, covered outdoor area with gas fireplace and landscaped backyard.
It has been many years since the children moved out.
She now lives in Hawthorn.
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The Block judge Shaynna Blaze sells Ringwood North home

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The Elizabeth Bay sub-penthouse that outgoing QBE Group chief executive John Neal called home has sold for $7.5 million.
Ray White Elizabeth Bay agent Ian Campbell sold the home to Eckhart and Celia Bischoff, who were on Wolseley Road, Point Piper.
The whole floor Belltrees apartment was officially in the name of Helen Neal, who now gives her address as an old rectory in Bures, Suffolk.
Spanning 255 square metres, the apartment last traded in 2012 for $6.3 million when it was bought from Philip Wolanksi's Denwol property group.
This article first appeared in The Sunday Telegraph.
 
 
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j.ballantyne1990-6AQqhLzZaK

Outgoing QBE chief John Neal's Belltrees, Elizabeth Bay apartment abode sold

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Media personality Angela Catterns has bought a retreat in the Byron Bay hinterland.
It's at Wilsons Creek, some 27 kilometres north east of Byron. She paid $1 million for the home from the Maughan family.
It sits on a vast 3300 sqm parcel.
Catterns is mostly known for her work on Australian radio ever since she presented Mornings on Triple J in the 1980s. 
For four years she did Breakfast on 702 ABC Sydney.
She shared the 1915 warehouse in Sydney with her music composer partner Charlie Chan.
Catterns and Chan bought their 278 sqm Balmain warehouse for $1.93 million and sold the empty shell for $2.5 million.
They had previously owned Glendarra, an 1897 freestanding Victorian Balmain terrace with water views which sold for $3.1 million.
This article was first published in the Saturday Daily Telegraph. 
 
 
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Angela Catterns buys Byron Bay hinterland retreat

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The Olympic champion Ian Thorpe and his partner, Ryan Channing were among the throng last Saturday morning when a 1860s Paddington terrace was open for inspection.
There's a $2.5 million price guide on the three-bedroom, two-bathroom Gipps Street terrace which has been listed by the futures trader Richard Harvey and his wife, Theresa.
<a href="https://www.realestate.com.au/property-house-nsw-paddington-126917826" target="_blank">The Gipps Street property</a>, listed through Ray White agent Dean Jarman, last traded at $1,235,000 in 2011.
The terrace featured in a book, Paddington Stories, authored by local historians Andrew Starr and Janice Morice, as at one time it was a sly grog den.
It would be the first property acquisition as a couple should it be knocked down to them at its December 9 auction.
This article first appeared in The Daily Telegraph.
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Ian Thorpe among inspectees of Paddington terrace

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Former Foxtel boss Richard Freudenstein, who sits on the board of the realestate.com.au, has paid $3.35 million for the Palm Beach weekender.
It was bought from Jenny and Ross Parker of Parker Furniture who had commissioned Susan Rothwell to modernised the charming home.
LJ Hooker Palm Beach agent David Edwards sold <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-126506150" target="_blank">the home</a> which last traded for $320,000 in 1984.
This article first appeared in The Sunday Telegraph. 
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Parker Furniture family sell at Palm Beach after three decades

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The former modern pentathlete Kitty Chiller, who recently stepped down as the Chef de Mission for the Australian Olympic team, is off to Melbourne.
So her <a href="https://www.realestate.com.au/property-house-nsw-coogee-422521790" target="_blank">Coogee townhouse</a> had been put up for $1,350 a week rental - and snapped up in very quick time.
Chiller is returning to Melbourne having been named the CEO of Gymnastics Australia, the national governing body for gymnastics.
It was Chiller and former Australia Olympic Committee media director Mike Tancred who were caught up in workplace rivalry issues that emerged from within the AOC earlier this year.
Am independent review described the workplace culture at the AOC as "toxic". 
Tancred too has departed the organisation, selling his Mosman apartment, as he sought out his long-planned Lennox Head seachange.
His top-floor offering sold in October through Belle Property agent Sandro Petrini for $1,468,000, having sought $1.3 million plus. 
Tancred, who had accumulated Lennox Head property while he served 18 years at the Australia Olympic Committee, said he was off to ride his bike, play some golf and swim, "and then I will make up my mind on what consultancy work I will do".
Chiller's Coogee townhouse cost $1.15 million in 2013, shortly after she was named as the Chef de Mission for the 2016 Australian team at the Rio Olympics.
She was the first female to hold the role for Australia.
Born in Melbourne, Chiller was a 12 time modern pentathlon champion during her time at the University of Melbourne.
She was ranked number one in the world for three years from 1996 and finished 14th in the event at the 2000 Summer Olympics before retiring.
Set back off the beach near the eastern suburbs tennis club, the two level townhouse (above and below) has three bedrooms, each with their own private balcony.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/4/Chiller2.jpg" alt="">
Tom Stewart at Home Estate Agents Bronte secured the tenant.
Chiller bought the home when the median price in Coogee hovered around $1.5 million. It now sits at closer to $2.6 million.
Earlier this year, Chiller, who still an executive member of the Australian Olympic Committee, handed over the chef de mission role for Tokyo 2020 to Winter Olympics veteran official Ian Chesterman.
This article was first published in the Saturday Daily Telegraph.
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Melbourne bound former Olympian Kitty Chiller leases Coogee townhouse

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Terry Blamey, the long time former manager of Aussie singing sensation Kylie Minogue, has bought a renovated Albert Park home.
Blamey, who managed Minogue for over 25 years, hasn't had to move far, having sold his classic Victorian a few doors down on Montague Street mid-year for $2 million.
He's upgraded to a $3.05 million more <a href="https://www.realestate.com.au/sold/property-house-vic-albert+park-125142458" target="_blank">modern Victorian residence</a>, though still with its classical façade (above and below).
The home has three bedrooms, two bathrooms and a rear courtyard.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/6/Blamey2.jpg" alt="">
Greg Hocking Holdsworth sold the home that hadn't traded since it sold for $670,000 in 2005.
Blamey co-owned another Montague Street property but that was sold off in 2012 to his mate, music entrepreneur Michael Gudinski.
Blamey, who has been a music manager in 1966, was with Minogue at her first show in front of 38,000 people at the Tokyo Dome in 1989.
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Long-time Kylie Minogue manager Terry Blamey's Albert Park buy

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The ink was barely dry on the pay dispute resolution with Cricket Australia when Candice Warner, the ironwoman wife of cricketer David Warner,  added another investment property to the couple's expansive portfolio.
It was <a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-unit-nsw-maroubra-125717262" target="_blank">another investment apartment</a> in Maroubra, their fifth in Sydney's coastal eastern suburbs.
Candice paid $975,000 for the recently renovated top floor apartment.
The two bedroom, 71 square metre unit comes with uninterrupted views over bushland towards Malabar Beach.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/4/Warner1.jpg" alt="">
Like the other two Maroubra investment apartments, it quickly found a tenant. The $700 a week lease reflected a 3.7% yield.
Their total spend on investments sits at $2.8 million, though their overall outlay nearly tops $10 million.
The couple live in a $2.33 million night watchman home that they bought last year, while they wait for their knockdown rebuild on pricey Mermaid Avenue that cost $3.9 million this time two years ago.
The demolition on the 892 square metre Mermaid Avenue parcel recently got underway with plans for a brand new five level residence designed by Rolf Ockert. It has an estimated cost of $4 million. 
Dave Warner retains a Matraville investment apartment.
The former Matraville Public School student has a two bedder than cost $695,000 in 2010.
In 2014 Warner secured $650,000 when he offloaded the two bedroom Maroubra apartment which he purchased as a first home buyer in late 2009 for $562,000.
He broke onto the international cricket scene in the 2008/09 season with a series of explosive hitting performances.
This article first appeared in the Sunday Telegraph.
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