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.

&nbsp;

[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.

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[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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Spiritual entrepreneur Patrick Kayrooz, a certified Enneagram trainer and teacher with the Narrative Tradition, has yet to sell his contemporary Five Dock home.
The <a href="https://www.realestate.com.au/property-house-nsw-five+dock-125115434" target="_blank">home on 481 square metres has been transformed</a> by Shady Younes of Sydesign since Kayrooz paid $383,000 in 1999.
Custom made and finished with imaginative inclusions sourced from around the globe, the home has a cascade layout, immersed in the award winning landscaped gardens.
There main residence has four bedrooms, three bathrooms, a home office and soundproofed studios, while a separate self-contained studio sits on the parcel.
Marcello Biviano and Joe Rizzo at PRB Real Estate Five Dock have the listing.
Patrick established Enneagram HQ which aims to be the trusted resource for anyone who wants to learn about the Enneagram.
Enneagram, from the Greek meaning 'nine' and gramma meaning something 'written' or 'drawn', is a model of human personality which is a typology of nine interconnected personality types.
He is a board member of the International Enneagram Association.
This article first appeared in The Sunday Telegraph.
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Shady Younes-designed home listed in Five Dock

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The boss of the Macquarie Radio network, Russell Tate, is quitting the Southern Highlands.
Given his business and family commitments sees him rarely at the Robertson weekender, Tate has his 47 hectare retreat Yarrawa Glen listed for sale.
Tate, who is based in a $4 million Mosman home, is also set to sell his neighbouring 44 hectare holding.
He spent $2.85 million on Yarrawa Glen in 2010 and followed it up a year later with the $1,639,250 purchase of the nearby acreage.
Listed with $3.5 million price hopes through McKillop Property agent Cameron McKillop, Yarrawa Glen is located adjacent to the national park.
The estate features a modern, four bedroom stone home and 11 paddocks.
The open plan living and dining spaces open to the wrap around verandahs that overlook the grounds that feature a solar heated swimming pool, tennis court and gazebo.
Tate, who has been at Macquarie Radio since 2009, is also a director at One Big Switch and Collin Foods Limited.
The prestige market in Robertson also comes with an offering from Crown Resorts boss John Alexander and his photographer wife Alice.
But the listing of their weekender, Possumwood, is only to upsize to another Robertson location.
Surrounded by Myles Baldwin gardens, Possumwood has five bedrooms, two bathrooms and a steam room.
Drew Lindsay agents Drew Lindsay and Karl Zabel have set a price guide of between $2.5 million and $2.75 million in conjunction with Ken Jacobs at Christie's International. 
The district's most recent sale was Royalla, the glamorous Robertson farm stay sold by former CEO of The Leading Edge market research firm Derek Leddie and his wife Nicole Lenord.
Having an initial $3.3 million guide in 2015, Derek and Nicole sold for $2.8 million.
They had spent $2.8 million in 2007 on the then neglected retreat.
The working 47 hectare cattle farm has been restored with three recently renovated dwellings, which can comfortably accommodate up to 16 people across 14 bedrooms. 
Set in a garden of trees aged over 100 years old and overlooking Pearsons Lane pastures, the land at Royalla comes with extensive dry-stone walls, large trees, paddocks, a creek and a dam, as well as 200 species of plant life.
This article first appeared in The Sunday Telegraph.
Royalla has been a popular choice for wedding ceremonies, grossing up to $80,000 a year from its visitors.
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Macquarie Radio boss quits Southern Highlands retreat

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Now dividing his time between South Yarra and Shoreham, the Rabo Bank chairman Bill Gurry sold his Sydney bolthole last week for $5.35 million.
It was called on the market at $4.05 million.
The Darling Point apartment has acted as Gurry's Sydney base for 12 years having paid $2.15 million in 2005 when he joined the bank board.
Set in the 1940s Storington building, the 173 sqm Harbour Bridge view apartment has four bedrooms.
Gurry, who was previously chairman at USB, has owned at South Yarra home since paying $970,000 in 2001.
He owns a $3.2 million seven hectare estate in Shoreham on the Mornington Peninsula, having sold his former country property Larnoo, a 1643ha farm running a 900-cow herd of Angus and Stablizer-cross cattle, to a Brighton syndicate in 2015.
Gurry has been the Rabo Bank chairman since 2009. 
He has previously held senior positions at Potter Warburg, National Mutual Royal Bank and Capel Court Corporation.
Gurry sits on the boards of the Melbourne University Law School Foundations and Financial Markets Foundation for Children.
This article first appeared in The Weekend Australian Mansion Australia section.
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Bill Gurry's Darling Point apartment sold for $5.35 million

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Billionaire Greg Goodman's thinning of his Woollahra property portfolio has spilled over to Paddington, where whispers are he has offloaded a three level Underwood Street investment.
The home that has been reinvented by Luigi Rosselli cost Goodman, who heads up the property powerhouse Goodman Group, $4.2 million in 2014 through Will Manning. 
It last leased at a pricey $3,500 a week in 2015.
The Victorian home has four bedrooms and extensive outdoor entertainment areas that feature a heated swimming pool, outdoor kitchen and built-in barbecue.
Whispers are buying interest has been around the $6 million to $6.2 million region.
This article first appeared in The Sunday Telegraph.
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Billionaire Greg Goodman offloads in Paddington

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Following their decision to up sticks and move to Vanuatu last year, Today Show weatherman Steve Jacobs and wife Rose have leased their contemporary Coogee mansion.
They asked for $3,500 a week for the modern home that cost them $2.55 million in 2011, which reflects a strong 8.6 percent yield.
The marketing through Ballard Property Group Double Bay agent Helena Colnaric suggested it would suit families.
A 12 month lease was preferred.
<img src="https://www.urban.com.au/images/2017/05/19/rsz_coogee.png" alt="">
Spanning three levels, the four bedroom home just 150 metres from the beach comes with an additional studio above the garage.
Indoor and outdoor living aplenty, the living and dining areas open to the outdoor entertaining area complete with a gas heated, salt water swimming pool.
There are light features from designers Adam Cruickshank and Christopher Boots.
<img src="https://www.urban.com.au/images/2017/05/19/rsz_coogeemans1.png" alt="">
Steve left behind the chilly memories of Melbourne in 2008 with Rose, who had been Foxtel's Weather Channel presenter.
They entered the eastern suburbs market straight away, spending $1.35 million on a three bedroom home in Coogee.
They upgraded to their current home in 2011.
Now the couple are based in Vanuatu with their two daughters, Isabella and Francesca.
Rose told news.com.au that Vanuatu wasn't a flip of the coin choice as they fell in love with the people and the pace of Vanuatu.
A three hour flight from Vanuatu to Sydney meant Steve managed to renegotiate his work schedule.
The $3,500 a week tenant was similar to the asking price of comedian Tim Minchin's nearby Coogee home.
Initially Minchin, who paid $5,875,000 for the home last year, put his pad up for $3,750 a week, however that was reduced to $3,500.
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jrobinson-rf4aSBido9

Today Show weatherman Steve Jacobs leases Coogee mansion

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Professional surfer, artist, filmmaker and Goons of Doom musician Ozzie Wright has sold his character beach house at Newport for $2.3 million.
The three bedroom home, located just one house behind the beach, has an upstairs lounge and dining area that takes in the coastal views.
There's an industrial style kitchen and home office. 
Wright, who recently relocated to Byron Bay, paid $1.51 million in 2008 with his mum Catherine.
It was auctioned through Ray White Mona Vale agent Paul Franks given Wright and wife Mylee are now Byron Bay based.
Wright earned a reputation as a kind of anti-establishment professional with his quirky pen-and-ink sketches of thin, sad-eyed hipsters were used in Volcom surfwear ads.
In 2002, Australia's FHM magazine named Wright the country's fifth best-dressed man in an ironic nod to the shabby-chic trend he helped popularise.
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Surfer Ozzie Wright sells Newport home 

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Former Voice contestant turned We Love Jam Studios producer Laura-Leigh Smith has spent $680,000 on her first Sydney apartment.
She snapped up the two bedroom apartment in just two days of it hitting the market.
Morton Woolloomooloo agents Noel Jenkins and Joshua Thomas marketed the apartment as a unique New York loft style apartment.
The reconfigured 49 sqm apartment in a warehouse conversion last traded for $420,000 in 2010.
Smith appeared on the popular talent show in 2014 singing Christina Aguilera's Reflection from the Disney film Mulan.
Joel Madden was the only judge to turn around.
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Former Voice contestant purchases Sydney apartment

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Our 225 Federal politicians own a staggering $370 million worth of property, but the Liberal Party Queensland political Andrew Laming is getting rid of one of his.
There's now a <a href="https://www.fnmooloolaba.com.au/buy-residential-real-estate/apartment-unit-mooloolaba-qld-11445100857" target="_blank">reduced price on the Mooloolaba investment</a> property just a month into its listing.
It started at $405,000 through First National Mooloolaba agent Suzanne Annabel with the price dipping to $395,000.
The apartment cost Laming $235,500 off the plan in 1999, settling on the one bedroom, fifth floor apartment in the Mooloolaba International building a year later.
The 58 sqm apartment has a north facing balcony looking across the manicured gardens to the Pacific Ocean.
Andrew Laming, who has represented Bowman since winning the seat at the 2004 election, retains a home at Thornlands and a Canberra investment too.
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Liberal Party politician Andrew Laming offloads Mooloolaba property

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Major General Peter Arnison and his wife Barbara are downsizing to an apartment on the Brisbane River and selling their Queenslander in Ascot.
They purchased the home in Yabba Street 24 years ago.
The <a href="https://www.realestate.com.au/property/86-yabba-st-ascot-qld-4007" target="_blank">86 Yabba St, Ascot</a> property will go to auction on May 17 with Ray White auctioneer Heasley Cush holding the gavel.
The Arnisons moved into the home when Peter retired from the Australian Army in 1996, and subsequently leased it while they were living in Government House during Peter’s tenure as Governor of Queensland for six years until July 2003.
During the first half of 2003, an old extension at the back of the house was demolished and re-built.
“We commissioned heritage architect, Desley Campbell-Stewart with a brief that the new structure was to flow seamlessly from the original house, ensuring as much natural light as possible, including high ceilings with clerestory windows and providing easy access to the garden and pool,” Mrs Arnison said.
“We told our builders, Kevin and Darren Fryer of Fryer Homes that the work had to be completed by July 29, 2003 as a new Governor was to be sworn in, and that we needed to return home to Yabba Street.”
Major General Arnison added that the time was right to sell.
“We have had many happy, enjoyable years living here. For us it’s a downsizing exercise, which we have been thinking about for a few years now. The street is changing, there’s lots of young families returning and it’s a wonderful place to raise children,” he said.
Ray White New Farm agent Scott Darwon commented that this home typified Ascot living at its finest.
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Former Queensland Governor lists Ascot home

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The chief executive director of Treasury Wine Estates Michael Clarke and wife Fiona have sold their modern family home in Brighton for $2,268,000.
The Whyte Street home was expected to fetch over $2 million at its auction through Jason Collie of Marshall White Brighton.
It cost the couple $2 million three years ago.
The state-of-the-art home comes with two decks interconnected by a breezeway dividing the four bedroom home.
It is surrounded by a wrap-around pool.
Clarke previously held senior roles at Kraft Foods, Coca-Cola and Reebok International.
He has been managing director and chief executive of Treasury Wine Estates since 2014.
 This article first appeared in The Weekend Australian Mansion Australia section.
 
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