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.

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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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An English-style Hawthorn East house identified has having to be sold under the FIRB foreign investor crackdown was sold mid-week, nine months after failing to sell at November auction.
The divestiture clock was ticking for the Chinese businessman ordered to sell his $5.2 million Hawthorn East mansion after the Australian Taxation Office found the home was bought without the required approval.
Set on a substantial 1455 sqm Higham Road block, the five bedroom English-style mansion was bought by Li Jian Guo in 2014.
It was purchased by the Bentley-driving Chinese businessman at auction when he used $300,000 bids to knock out rivals at the auction. 
Surrounded by manicured gardens with the rear garden centering on a pool and large alfresco dining area, it was listed with $5.95 million hopes through Kay &amp; Burton agents Ross Savas and Jamie Mi. It had previously sold in 1988 at $940,000 when bought by the Karkar family.
The property was the first in Victoria to be slapped with a divestment order by the Treasurer Scott Morrison.
This article was first published in The Weekend Australian.
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Chinese businessman's Hawthorn East sold under FIRB watch

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The fashion designer Kay Cohen, who has more than 30 years' experience in the lingerie industry, has sold her Cremorne home. 
Cohen has been a leader in the design of lingerie brands, most notably as general manager of creative director of Elle Macpherson's label Elle Macpherson Intimates.
She is also the inventor of the Biofit uplift bra which featured model Sophie Monk for its launch. Cohen was raised on a farm in New Zealand where she attended Wellington Polytechnic majoring in clothing and textile design. After graduation, she became a lecturer at the school instructing fellow Australian fashion designer Collette Dinnigan. 
Richard Simeon at Simeon Manners Property had a price guide of between $5.8 million and $6 million for the tri-level, Phil Corben 1999-designed home.
It sits on a 500 sqm near waterfront parcel with views over Middle Harbour from the numerous Tuscan-style alfresco dining areas and balconies.
The home has four bedrooms, a 1000 bottle, fully fitted wine cellar and a home office adjacent to the top floor master retreat which features its own private roof terrace. 
There's also a salt water pool which sits beside the treelined terrace gardens that were installed by Annie Wilkes.
Cohen bought well at $3.8 million in 2009 after it was initially listed with ambitious $5 million hopes.
It had previously traded at $4.51 million in 2004.
She previously resided on Woolloomooloo Wharf.
The New Zealand born designer was last in the fashion headlines when she launched the Silent Assembly lingerie brand in 2014, using technology she suggested would make uncomfortable underwire a thing of the past.
"Curvessence" is a polymer composite with a 3D support shape designed to remember the wearer's shape over time, so it doesn't bend out of shape and dig into ribcages, as underwire often does.
Cohen, who founded luxury lingerie label Pleasure State in 2004, created Silent Assembly as a premium line with the finest French laces and Italian fabrics.
Cohen also launched a lounge wear add-on called Pleasurewear, which includes cotton-cashmere blend cardigans, singlets and culottes.
The Pleasure State lingerie label was started with business partner Justin Davis-Rice.  
In 1997 Cohen was appointed group general manager of brands for the New Zealand lingerie group Bendon where she made her name in the creative direction of Elle Macpherson's lingerie label, Elle Macpherson Intimates.
According to CoreLogic, the median house price in Cremorne is $2.1 million. 
This article was first published in the Saturday Daily Telegraph.
 
 
 
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Kay Cohen sells Cremorne home

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The longtime Cottesloe home of the late Australian businessman Alan Bond has been sold for around $3.95 million.
Bond, who died in June last year, built it after $422,000 was paid in 1992.
It was sold by Acton Cottesloe agent, and Bond's daughter, Jody Fewster who listed it last August. 
The modern Perth home on 726 sqm had a wine cellar, home office, swimming pool and even fishpond. 
Bond will always be remembered for leading the successful challenge for the 1983 America's Cup, the first time the New York Yacht club had ever lost in its 132 year history.
This article was first published in The Weekend Australian 
 
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The former Cottesloe home of Alan Bond sold

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The retail executive Katie Page has listed her contemporary Kingscliff beachfront investment property.
Page bought the Tweed Coast block in 2004 for $775,000.
<a href="https://www.realestate.com.au/property-house-nsw-kingscliff-122670806" target="_blank">Designed by multi-award winner Virginia Kerridge</a>, the five bedroom home was built shortly after its purchase with around 420 sqm living space.
It has a $3.35 million asking price.
Set on a 647 sqm parcel, there's a private entertaining area with large covered natural timber deck and 12 metre lap pool.
The North Point Avenue kitchen boasts marble and stainless steel kitchen benches, Italian cupboards, and European appliances. 
According to the agent, Sandra Ross at North Estate Agents Tweed Head suggested the "sculptural house screams design and class."
The compressed fibre cement cladding, the stone walls and the timber highlighted the best in quality design, she added.
There have been sales on the North Point strip of up to $5.2 million.
This article was first published in the Sunday Telegraph.
 
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Katie Page lists Kingscliff beachfront

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Shane Mumford from the GWS Giants just missed out on a four bedroom Rozelle warehouse conversion when it fetched $2.2 million at weekend auction.
It was offered through Peter Gordon at Cobden &amp; Hayson. 
Mumford appeared to be the underbidder at $2.191 million when his buyer's agent Calum Walters declined to go any higher despite coaxing from the auctioneer Damien Cooley.
The Manning Street offering was a double storey conversion by MCK Architects by the Massey-Greene family.
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GWS Giants star Shane Mumford misses out on Rozelle auction

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Australia's favourite reality television couple, Sam Frost and her beau Sasha Mielczarek have secured a building block to construct their family home on the outskirts of Bowral.
"We are very excited," Sam and Sasha told their social media followers after their purchase.
The couple who found love on The Bachelorette secured the block in an upmarket NSW Southern Highlands housing subdivision.
The lot is in the historic <a href="https://retfordparkestate.com/" target="_blank">Retford Park Estate</a> which has been recently divided into building blocks ranging from 1000 sqm to 4.8 hectares.
The recently available sold out lots had been priced between $365,000 and $810,000 through Savills Residential Projects.
"I love building and all things construction," Sasha told me.
"Having grown up in the Southern Highlands and even going to high school there I'm pretty attached to the area," the former Oxleyan school captain said.
The couple have been together since Sam chose the 32 year old Sasha while filming the reality TV series The Bachelorette last October. 
Sasha manages a big building construction project at Nowra, with the couple regularly spotted relaxing at nearby Huskisson on Jervis Bay.
Sam is Bondi based after securing a breakfast radio co-hosting opportunity on 2DayFM radio with Rove McManus, having previously been marketing co-ordinator at the Mornington Peninsula Gardens &amp; Lifestyle Magazine.
Bachelorette Sam Frost has Sasha's mother to thank for his appearance on the show.
"Mum was the one who put the application in for me," he once advised.
"She saw Sam previously on The Bachelor and thought we'd be a good match; she said Sam was the most down to earth."
The recent sales success of the fully serviced 179 residential lots on Bowral's historic Retford Park estate, has ensured the main homestead will be preserved in perpetuity for community access through the National Trust.
The main homestead Retford Park House remains the longtime home of philanthropist, James Fairfax, but will be preserved in perpetuity for the community with funds from the neighbouring residential development being directed into a trust which will pay for the long-term upkeep of the 1880s Italianate house and gardens.
This article was first published in the Sunday Telegraph.
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Sasha Mielczarek and Sam Frost have secured a block of land at Retford Park, Bowral

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The Central Coast holiday home of convicted former NSW detective Roger Rogerson has been sold to pay his lawyers' fees for his recent murder trial.
Last month's $555,000 sale of the basic single level 1950s cottage was at Long Jetty.
Located 100 km north of Sydney, it was sold to a self managed superannuation fund investor who <a href="https://bateaubay.ljhooker.com.au/597H3X/8-thelma-street-long-jetty" target="_blank">now seeks $420 a week rental</a>.
It was just the one bedroom cottage with combustion fireplace and sunroom, located a few hundred metres to Toowoon Bay.
It was sold pre-auction through LJ Hooker agent Mitch Clifton who marketed it as a cute 1950's single level beach cottage situated on large lot, "perfect to renovate, invest, or make way to build a dream home, duplex or townhouses."
Set behind a picket fence, the house last traded at $51,000 in 1984.
The 660 sq m Thelma Street holding was retained by Roger following his 1992 divorce from his first wife, Joy.
Rogerson still co-owns the Padstow home he bought with his second wife, Anne in 1998 for $346,500.
Duncan McNabb's 2006 book, The Dodger: inside the world of Roger Rogerson noted both his homes were wired by listening devices by the authorities, ICAC and the Police Integrity Commission in their pursuit of Rogerson's earlier misdemeanours.
One of McNabb's chapters was prophetically titled: He's a great detective, but a lousy criminal.
The Telegraph crime report Mark Morri wrote that Rogerson spent nearly $1 million on his murder trial defence forcing him to sell his "beloved holiday house" at Long Jetty.
It was suggested Rogerson executed drug trafficing student Jamie Gao for a Triad crime syndicate because they believed the 20-year-old was an informant, with Rogerson and his co-accused Glenn McNamara allegedly allowed to keep the drugs.
Rogerson is awaiting sentence and McNamara has indicated he will lodge an appeal.
This article was first published in the Sunday Telegraph.
 
 
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Convicted former NSW detective Roger Rogerson sells Long Jetty holiday home

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Actors Simon Baker and wife Rebecca Rigg have quickly offloaded their North Bondi bolthole now that they reside at their $6.5 million Bronte home.
Their rooftop apartment was up for sale with $3.5 million hopes through <a href="https://bencollierteam.com.au/property/8206-hastings-parade-north-bondi-nsw-2026/" target="_blank">McGrath agent Ben Collier</a> who didn't reveal the sale price.
Its been bought by e-commence entreprenuer Simon Hill.
Their 250 sqm art deco penthouse on the Ben Buckler headland had been purchased in 2014 for $2.63 million.
The listing was taken down from websites Monday morning after just 10 days on market.
They had a Will Dangar-designed garden installed onto the 125 sqm rooftop terrace.
The couple who first met in 1992 on the set of popular soap E Street were no shows when the apartment next door went to recent auction.
Baker is spending time increasingly in Australia making his directorial debut on Breath, the feature film adaptation of the 2008 Tim Winton novel.
Raine &amp; Horne Double Bay selling agent Hannah Bouskali confirmed the buyers as a young married Australian couple who are living overseas who paid $2,016,037 for the two bedder with roof access too. 
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Simon Baker's snappy North Bondi bolthole sale

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The one-bedroom Darlinghurst apartment of artist Julian Meagher sold for $77,000 over reserve at weekend auction.
A young local couple paid $727,000 for the Royal Court apartment at 19/227 Crown Street.
Selling agent Chris Chung had 17 parties register to bid.
Meagher and his partner Beejal Patel intend to buy in the eastern suburbs, around Redfern.
The Archibald finalist of the past two years paid $345,000 for the one-bedder in 2009.
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One bedroom Darlinghurst apartments fetches $727,000

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Acclaimed chef Greg Doyle and wife Jenny have listed their longtime hillside Palm Beach home, but only with the intention of moving closer to the beach.
The couple have owned <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-122077854" target="_blank">the Norma Road home</a> since they paid $500,000 in 1989.
They came to prominence after their 1991 purchase of Pier, Rose Bay's famed waterfront eatery.
The now sold restaurant was once a date restaurant for Kylie Minogue and Michael Hutchence.
The home is available through Debra Zakharoff of McGrath Avalon who suggests a price guide of around $3.8 million.
Set on 818 sqm and surrounded by Simon Oxley landscaped gardens, the home has three bedrooms, two bathrooms and a large entertaining deck.
There is a sandstone framed fireplace, a lower level rumpus room with separate entry and a rear dining area which overlooks the north facing pool.
A Luigi Rosselli extension was added in the late 1990s which included a surfboard shaped island bench in the kitchen.
Zakharoff says there is a fluid indoor/outdoor layout.
Doyle is a keen surfer and plans to stay local, hopefully within walking distance to the Whale Beach.
He has a residential project in Lombok, Bali which is high on his priority list.
This article was first published in the Sunday Telegraph.
 
 
 
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