<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

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Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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

Title Tattle

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The renovation queen Cherie Barber has sold another investment property.
She secured $550,000 for the four-bedroom, one-bathroom Lethbridge Park cottage which cost $360,000 in 2014.
Barber, the founder of Renovating for Profit, sold a Colyton in­vestment earlier this year.
It was bought in 2016 for $580,000, and was flipped for $870,000 after a granny flat was built.
Barber is the mystery $6 million delayed-settlement buyer of comedian Merrick Watts’ Lilyfield warehouse.
The 1920s Oh Boy Candy Company space was converted by architect Virginia Kerridge into a family home for Watts, his wife Georgie and their two children.
Watts, who formed part of the comedy duo Merrick and Rosso, paid $2.1 million in 2008 for the two-storey showroom, with sawtooth roofing.
This article first appeared in The Daily Telegraph.
 
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firstname1-iYD4UYzvBa

Reno queen Cherie Barber secures another flip

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Hambeldon Park, the North Richmond farm, has been sold for $60 million.

The 253ha property, 70km north of Sydney, has been bought by Fairway Thoroughbreds businessman John Camilleri, the breeder of Winx.

His acquisition wasn’t equine driven nor for Camilleri’s Baiada Poultry ­enterprise, which controls the Steggles and Lilydale brands.

Instead it is a long-term residential subdivision opp­ortunity. There is approval for a small rural subdivision of 25 lots, which dates back to 2008.

But the demand for smaller housing lots in the Hawkesbury municipality has rocketed over the subsequent dozen years.

“Hambledon Park will one day be a new suburb of Sydney,” Cushman &amp; ­Wakefield selling agent Anthony Bray said.

Any eventual residential development market will follow the nearby successful housing estates including The Ponds, Elara, and The Hills Carmel.

The Camilleri family’s Celestino Developments recently sold Stockland, the ­unbuilt two-thirds of its 293ha masterplanned site, The Gables at Box Hill, with the listed developer paying $415 million over seven years.

Bray had expected to see stronger interest from developers, the tertiary education and agricultural industries for Hambledon Park, but the absence of Chinese buyers from the mix meant it sold for under its $120 million expectations of two years ago.

The property was a 1200-cow dairy farm at its peak after being purchased in 1974 by the Peel family who were a major dairy supplier into Sydney.

More recently it has been a feed lot, along with operating a breeding herd of about 300 black angus cows.

This article first appeared in The Daily Telegraph.

<h2>Recently listed properties:</h2>

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[smartcode_project:default project_id=4939]

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Winx breeder John Camilleri buys Hambledon Park at North Richmond

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Channel 7 Sunrise presenter Sam Armytage has sold her North Bondi home of the past six years.
It comes after the news of engagement to the equestrian businessman Richard Lavender.
The breakfast television presenter - who now works just four days a week - intends to downsize with plans to spend more time in her beloved Southern Highlands.
Marketed as laid back luxury with a breezy beach feel, the three bedroom home had $2.8 million hopes for its late July auction. It sold for around $3.2 million.
There's been no extensive renovation for the home that cost $2.15 million in 2014, just as the Sydney price-boom was kicking in to gear, although she's modernised the two level, freestanding house.
These days Armytage is preferring life away from Sydney with her fiancee, Lavender, who she began dating last year after meeting at a party in the Highlands.
Lavender has a 40 hectare farm at Berrima which cost $1.95 million in 2007.
Her own weekender cost $2.2 million in 2017, with local agents anticipating the weekender could be listed as they move into together.
Her North Bondi home has a number of alfresco living areas and a level landscaped garden, complete with a striking sandstone wall.
The ground level is dedicated to living and entertaining, with three bedroom upstairs where there are ocean views. 
 
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Channel 7 Sunrise presenter Sam Armytage sells North Bondi home for around $3.2 million

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A renovated home in South Australia's Peterhead that was one of the stars of Channel 7’s ‘House Rules’ in 2014 has hit the market at 104 Mead Street. Mel Chatfield, who was on the show six years ago, said the property had become too big for her and her daughter and it was ideal for a large or growing family. “We originally bought the house as a run-down property in desperate need of renovation and my dream was to see it restored to its former glory,” Ms Chatfield said.
<img src="https://f.datasrvr.com/f1/720/77851/Mead_2.JPG" width="640" data-imagetype="External">
Mel Chatfield said, “it’s perfect for someone who wants to work from home. There are two bedrooms at the front of the property – the master that has a giant walk-in robe, master ensuite and king bed – and then the second bedroom is used as an office. “That still leaves you four bedrooms and two living areas at the back of the property so you have the chance to keep your business separate from your home life." “The location is excellent. It’s just a 10-minute walk to Semaphore Road and the jetty – and is perfectly placed in-between Semaphore and Largs Bay," she added.
<img src="https://f.datasrvr.com/f1/620/56926/Mead_5.JPG" width="640" data-imagetype="External">
Ray White Woodville sales agent Jonathon Kiritsis said the property was set in a friendly portside suburb between Semaphore and Largs Bay and was just 1km to the beach.
“The future for this villa looked grim, but thanks to ‘House Rules’ and Mel, an epic renovation has led to an upcycled chic and is now a genuine stand-out,” Mr Kiritsis said.
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Peterhead trophy home featured on House Rules listed

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The Kirribilli apartment of the MAFS star Cameron Merchant, was sold post-auction earlier this month. 
The one bedroom had been passed in at $875,000 at its lacklustre June auction.
Merchant, who is still with his now-pregnant wife from the Channel Nine show Jules Robinson, got just the two bids.
Jordan Black and Nigel Mukhi, from DiJones Chatswood, had the listing.
Their discussions appeared serious as he stared down the prospect of a serious loss on his investment.
Negotiations continued for 80 minutes after the auction.
The pair married properly after the 2018 series concluded.
Merchant bought the property for $941,000 in 2017, before he took part in the Channel Nine experimental show.
At the time he was working for cricket bat brand Spartan and was playing first grade cricket for Manly.
He was expecting to make a loss on the one bedroom Fitzroy Street unit, with around $900,000 being sought in its pre-auction price guidance. 
The mildly art deco Nottingham block has 12 units with its last one bedroom sale last December at $900,000.
The pair are said to be looking to upsize together.
Merchant also owns an investment apartment in Dee Why he bought for $720,000 in 2014.
This article was first published in the Sunday Telegraph. 
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Married at First Sight's Cameron Merchant sells Kirribilli apartment

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Channel 7 Sunrise presenter Sam Armytage has listed her North Bondi home of the past six years.
It comes a week after the news of engagement to the equestrian businessman Richard Lavender.
The breakfast television presenter - who now works just four days a week - intends to downsize with plans to spend more time in her beloved Southern Highlands.
Marketed as laid back luxury with a breezy beach feel, the three bedroom home has $2.8 million hopes for its late July auction.
There's been no extensive renovation for the home that cost $2.15 million in 2014, just as the Sydney price-boom was kicking in to gear, although she's modernised the two level, freestanding house.
These days Armytage is preferring life away from Sydney with her fiancee, Lavender, who she began dating last year after meeting at a party in the Highlands.
Lavender has a 40 hectare farm at Berrima which cost $1.95 million in 2007.
Her own weekender cost $2.2 million in 2017, with local agents anticipating the weekender could be listed as they move into together.
Her North Bondi home has a number of alfresco living areas and a level landscaped garden, complete with a striking sandstone wall.
The ground level is dedicated to living and entertaining, with three bedroom upstairs where there are ocean views. 
The article was first published in the Saturday Daily Telegraph.
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Channel 7 Sunrise presenter Sam Armytage lists North Bondi home for $2.8 million

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The longtime Belrose estate of the former Coca Cola Amatil chief executive Dean Wills, has been listed for sale with a record breaking guide.
Wills, who oversaw the drink giant's worth jump from $400 million to $8 billion bought the property with his late wife, artist Margaret Wills, in 1994.
There's an art studio in the home where Wills would paint. She was once commissioned by the Duke of Edinburgh to paint a series of the Queensland outback.
Wills is now asking for offers of $8.8 million through Sydney Country Living agent Brian McMillan.
Set on a private 9,490 sqm, the fullbrick home has six bedrooms, including a lower level master wing with two sitting areas, a fireplace, ensuite, walk in robe and dressing room.
The centrepiece is the 12 car showroom style garage. Wills would have high flyinc coporate and colourful racing identities such as Jack Brabham, Wayne Gardener and Frank Lowy pop in and take a peek at Wills' much publicised collection. He's been known to have bought 15 Ferrari's over the years, his showpiece car a 1994 McLaren F1 coupe, one of only 64 ever made.
In the landscaped grounds is a swimming pool, spa, tennis court and cabana.
This article was first published in The Weekend Australian Mansion magazine.
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Dean Wills Belrose estate with luxury showroom garage listed

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GWS star midfielder Josh Kelly has listed his three-bedroom Coogee house.
It was bought for $3.45 million in early April with its settlement occurring earlier this month.
<a href="https://www.realestate.com.au/property-house-nsw-coogee-133837834" target="_blank">The Division Street home</a> returned it to the market last week with a $3.2 million guide.
The two-storey house's marketing in early April saw a guide of $3.25 million.
The ANZ price predictor website REALAS recently suggested its value at <a href="https://realas.com/property/14-DIVISION-STREET-COOGEE-NSW-2034-1929126" target="_blank">around $3.405 million</a>.
<div class="in-content-ad">
<div id="adspot-1x1_300x250-pos-2" class="ad">Its listing agent Alexander Phillips, of Phillips Pantzer Donnelley, advised Nine Entertainment he “doesn’t need to sell, but has just had a change of circumstances”.</div>
<div class="ad"> </div>
<div class="ad">“If it doesn’t sell, he’ll rent it,” he said.</div>
The <a href="https://www.domain.com.au/14-division-street-coogee-nsw-2034-2016329409">three-bedroom house on 530 square metres</a> goes to on July 25 auction.
The agency predicted a collapse was emerging in Clovelly.
</div>
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Coastal price collapse forecast for GWS star Josh Kelly in Coogee 

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There has been a $900,000 loss taken on a non-harbourfront Vaucluse listing.
The knockdown home on the high side of prestigious Carrara Rd fetched $10.9 million midweek via private treaty, having sold a year ago at $11.8 million to the Grunberg family from North Bondi.
The single level home, on its 728sqm cul-de-sac block, had ­previously been the abode of ­Michael Caredes and his wife Fylia for 44 years.
The resale price, after 50 days on the market, reflects a 7.5 per cent price drop, at the lower end of the worse case COVID-19 price collapse forecasts. The $900,000 decline comes after its $765,000 stamp duty purchase outlay, plus its 8.25 per cent mortgage rate.
Laing and Simmons agent D’Leanne Lewis handled both sales.
The property, which has views of the Harbour Bridge across the 1930s hospital dormitory building on the Strickland House estate, comes with a 1950s height covenant from a neighbouring Vaucluse Rd home.
Up the other end of Carrara, another non-waterfront sale has been done at $7.5 million, less than the $10.85 million sought on its initial 2018 listing. The house is set on 600 sqm above the Hermitage estate.
This article first appeared in the Sunday Telegraph. 
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jchancellor-FAypfDUnLy

Vaucluse home sells for $900k loss

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Architect Paul Buljevic from PBD Architects and his wife Marijana now call the Clovelly project that appeared on ABC’s Grand Designs series their home.

It fetched $7 million through the Phillips Pantzer Donnelley agency, who had a $6.5 million price guide.

The sale settled late last month, but exchanged in early March just before the lockdown onset of COVID-19 when the estate agency reported there’d been a quick 10 to 15 per cent price fall by mid-April. 

The agency sent shockwaves with its forecast that coastal prestige prices would fall another 10 to 20 per cent — and not recover for five to seven years.

[smartcode_project:default project_id=32227]

The Clovelly home was featured in Grand Designs Australia in 2012 when constructed in Melbourne as four modules.

The pods were trucked by convoy to Sydney and lifted into position to create the uber-modern, two-storey residence. Now featuring a jet-black ­exterior, the zinc and timber clad customised home has four bedrooms and a home office.

It was architectural firm Pleysier Perkins who designed the home, which last sold for $6 million in 2017 to car dealer Steve Nasteski.

This article first appeared on The Sunday Telegraph.
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