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

Lowe Living launches Jardin House in Camberwell

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

The Walden pairs house-scale living with North Sydney connectivity

Title Tattle

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Singaporean billionaire Tay Tee Peng has snappily sold one of his family's Sydney assets.
Tay, ranked Singapore's <a href="https://www.forbes.com/profile/family-tay/" target="_blank">25th richest</a> in the latest Forbes rich list, sold <a href="https://www.domain.com.au/property/sold/house/nsw/dover-heights/?adid=2011771854&amp;sp=5" target="_blank">the Dover Heights property</a> which comes with panoramic ocean views.
It last traded in April 2000 for $1,175,000. It had been listed for 16 March auction with Ballard Property's Will Manning suggesting about $4 million, but that was well before it was snapped up late last week.
Tay Tee Peng has commercial properties through his private investment company Memocorp, including Suncorp Plaza which was bought for $395 million in 2011.<a href="https://www.smh.com.au/business/city-investors-reach-for-sky-with-deals-worth-650m-20110728-1i1yr" target="_blank"></a>
The Tay family is known throughout Asia for its chain of affordable OG department stores, started in Indonesia as shirtmaker Ocean Garments.
They own a Wentworth Street, Point Piper home that was bought through McGrath agent James Dack in 2012 for $4.25 million.
They also own three townhouses on The Serpentine at Kensington, bought by Memocorp between 1993 and 2007 in the Raleigh Park development.
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jchancellor-FAypfDUnLy

Singaporean billionaire Tay Tee Peng sells in Dover Heights

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The redundant Mosman investment property of Australia’s richest woman Gina Rinehart has been relisted for sale.
It's a House of Hancock in reality.
It has been scheduled for <a href="https://raywhitelowernorthshore.com.au/nsw/mosman/1063220/" target="_blank">26 March auction</a>.
Designed by Corben Architects to embrace its landscaped gardens, the house comes with a centrepiece wet-edge pool and cabana.
It captures sweeping views over the Harbour Bridge and city skyline from the upper level.
There was single lowball bid of $4.3 million when it went to December 2013 auction.
It was the former Mosman home of her daughter, Hope Welker.
It had cost $5.4 million in 2007.
The contemporary Bradleys Head Road house has again been listed through the Ray White Lower North Shore with agents Megan Thomas and Dino Gatti.
Hope Welker and her husband, Ryan, vacated the Mosman property as they departed for New York in 2011, around the time the family dispute over control of the family's mining interests became public through litigation.
Gina Rinehart has the property advertised on <a href="https://www.domain.com.au/for-sale/18a-bradleys-head-road-mosman-nsw-2088?adid=2011804238" target="_blank">Fairfax Domain</a>.
The local News Ltd paper noted the contemporary, non-waterfront property at 18a Bradleys Head Rd has a price guide of more than $5 million.
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Gina Rinehart relists redundant Mosman house

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The Starship Enterprise inspired trophy home atop Elanora Heights has been sold for $8.39 million to Bright Pearl Group Pty Ltd, of which Yunlong Zhang is the sole director.
The two-hectare northern beaches estate (above) was sold by property investor Peter Chedid on Christmas Eve to the Chinese buyer. Bright Pearl's related company, Citizen Wealth Industry Pty Ltd <a href="https://www.homehound.com.au/listing/withdrawn/nsw/sydney-region/northern-beaches/ingleside-northern-beaches/9-cicada-glen-road-ingleside-nsw-2101-2/" target="_blank">spent $8 million to buy in Ingleside</a> in 2011. Zhang co-directs it with Chuting Zhong. 
The Starship Enterprise-inspired Elanora Heights home returned to the market in mid-2014.
The home with six bedrooms and six bathrooms<a href="https://www.realestate.com.au/property-house-nsw-elanora+heights-112818759" target="_blank"> </a>was built for the vendor Peter Chedid, a lifelong fan of Star Trek.
There is even a 15 velvet seat home cinema decorated with a space image taken from the Hubble telescope.
Chedid listed it initially in 2011 when thinking of moving to Europe with $15 million hopes.
Then the Caladenia Close property was listed again with Anthony Walls of Max Walls International with a $10.5 million asking price in mid-2012 with the Italian furniture included in the price.
The 500 square metres home is located in Elanora Heights, some 27 kilometres from Sydney, on a two hectare holding adjoining Garigal National Park
Chedid, an investor and property developer, purchased the land in 2002 for $1.22 million and spent $5 million on the design and construction of the 2008 futuristic house.  
 
 
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Chinese buyer snares Elanora Heights' starship enterprise trophy home

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Mandurah, the double-storey house designed by Wayne Gillespie on the Portsea cliff top, is now under offer.
It had returned to the market this summer with <a href="/news/mandurah-the-12-million-portsea-clifftop-summer-offering">a $12 million asking price</a>.
<a href="https://www.sothebysrealty.com/eng/sales/detail/180-l-2980-ekddf2/mandurah-portsea-melbourne-vi-3944" target="_blank">The five bedroom, five bathroom trophy home</a> was listed by the former Hinkler Books publishing boss Robert Ungar who reportedly had unfulfilled $10 million plus hopes last summer.
It was listed through Sotheby's International Realty agent Robert Curtain.
Ungar bought the then two-year-old house at 3820 Point Nepean Road 20 years ago with wife Rosemary.
It sold at the 1995 Australia Day weekend auction for $2,625,000, one of nine clifftop mansions at Portsea and Sorrento and Portsea to sell for above $1 million during 1995.
The Ungar's are off to a new home at Blairgowrie.
Mandurah is a 1,969 square metre holding with tennis court above Fisherman’s Beach.
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Clifftop Mandurah under offer in Portsea's top summer negotiations

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BlackRocks's James Quille, the former chairman of Macquarie Global Property Advisors, has emerged as the buyer of the Mona Vale home of the the former chief executive of McDonald's Australia, Peter Ritchie and his wife, Leigh.
The Mona Vale weekender fetched $7.65 million.
It's a Peter Burford-designed beach house on 2,056 square metres - a pavilion-style home on level lawns to the beachfront.
They had bought the two title Surfview Road property in 1996 at $850,000 and $1,185,000 in 1997.
The property was sold to the property industry veteran and his wife, Gillian just before Christmas last year through Lachlan Elder of LJ Hooker Mona Vale who held adjusted, almost accomplishable <a href="https://propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/27801-peter-ritchie-lists-biggest-mona-vale-beachfront-with-pavilion-style-home" target="_blank">$8 million hopes</a> following its initial late 2013 offering.
There was no registered mortgage taken out by the expatriate purchasers.
James Quille has over 33 years experience in the real estate sector and 22 years has been directly involved in real estate funds management in both the listed and private equity sectors in Asia, Europe, the US, Australia and Latin America, with companies including Goodman and BlackRock, where he has been a senior advisor since the 2013 buyout of MGPA.
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Peter Ritchie's Mona Vale beachfront sells at $7.65 million

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From the copper on the timber front door, 36 Kent Street, Newtown is an abode with art you can live in.
There are $1.1 million plus hopes for <a href="https://www.domain.com.au/property/for-sale/house/nsw/newtown/?adid=2011765822" target="_blank">the 247 square metre inner Sydney space</a> which dates back to the early 1990s.
The colourful corner block offering has been a labour of love by the owner builders. The block cost<a href="https://maps.google.com.au/maps?q=36+Kent+Street+Newtown+New+South+Wales+Australia+2042&amp;ll=-33.902252,151.175875&amp;z=16"> </a>$130,000 in 1989 when bought by Catherine Barber, the Kennedy Miller film financing veteran.
Newtown's highest price in the past year was $3,625,000 for 1 Warren Ball Avenue, with CoreLogic RPData reporting the <a href="/news">median </a><a href="/news">house price sits at </a><a href="/news">$1 million</a>.
The auction is scheduled for 14 March.
Another more typical Newtown offering goes to auction this weekend with $800,000 plus hopes.
<img class="cboxPhoto" src="https://cdn1.rwaws.com/s3/rw-media/propertyphotos/2015/2/12/S1324-1422931954-29933-Bedford-St-87-Newtown-Facade-Low.jpg">
The <a href="https://www.raywhite.com/nsw/newtown/1258440/" target="_blank">Ray White agency</a> has the two bedroom 1910 semi with attic space.
Behind the traditional facade of 87 Bedford Street, there are the standard rustic floorboards, original fireplaces and ornate ceiling roses.
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Newtown art you can live in

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Businessman Ian Gowrie-Smith has sold his Finger Wharf apartment on Woolloomooloo Wharf reportedly to the car dealer, Paul Warren.
<a href="https://www.realestate.com.au/property-apartment-nsw-woolloomooloo-116222899" target="_blank">The three bedroom apartment</a> was bought from car dealer Neville Crichton in 2001 for $5 million by the former pharmaceutical industry entrepreneur, Gowrie-Smith.
Privately positioned at the tip of the Finger Wharf, it is a garden apartment with 600 square metre space.
It is one of nine purpose built residences within this exclusive address.
The three bedroom waterside residence was listed through agents Peter Blacket and Ken Jacobs.
The initial hopes were $8 million plus, but it is understood to have sold for around $7.1 million.
The finger wharf apartments were completed in early 2000 by developer Lang Walker after the world's largest timber-piled wharf had been saved from demolition in 1991.
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Ian Gowrie-Smith sells Woolloomooloo Finger Wharf garden apartment

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Dogs don't typically feature in real estate marketing campaigns, or for that matter work when they do, but Title Tattle loved this one.
Adrian Oddi at BresicWhitney Balmain secured $2.75 million for the five bedroom, four bathroom house at weekend auction.
It was a 236 square metre offering at 8 Byrnes Street, Rozelle.
<a href="https://www.bresicwhitney.com.au/buy/8-byrnes-street-rozelle-10401" target="_blank">The price guide was over $2.5 million</a>, whippet not included. Title Tattle ascertained the dog's name is Jasper. He's apparently extremely timid but loved the camera at the photo-shoot!
However he wasn’t there at the not quite sultry weekend auction, apparently too nervous. 
"He went to the dog park instead," Adrian, the selling agent told Property Observer.
There was rental guidance for investors of potentially $1,800 to $2,000 per week.
The Tony McLain architect plans were approved by council in 2011 for the new home.
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No dog day as Rozelle offering fetches $2.75 million

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Held by the one family for nearly 100 years, the latest Paddington cottage listing is in mint original condition.
Close to Five Ways, <a href="https://bradfieldcleary.com.au/4862721/6-Broughton-Street-Paddington" target="_blank">the in situ Broughton Street offering</a> is as Paddington was back in 1915.
No pretensions then.
Title Tattle loves the pioneering open flow concept within the two bedroom cottage.
Seemingly a combined laundry-bathroom-kitchen complete with the double wash tub and hot water cooper.
The wringer and mangle appear missing, though.
The kitchen comes with Arnotts biscuit tin and huge fly swatter next to the stove. There is a fridge, oven and a wireless which possibly broadcast the announcement of the last World War's start and finish.
There are bedpans in the bedroom of the Victorian workers' cottage.
Even a little floral linoleum which you don't see much any more.
The toilet is in the backyard, though not too far down towards the rear lane way.
It's a little like a Jane Campion movie set.
This time capsule goes to auction 17 March through BradfieldCleary agent Georgia Cleary.
More than $1 million is tipped to be pocketed by the current day Christensen family members.
Not sure what year the kitchen calendar is, as that will have to await the first open for inspection next weekend.
Title records show it last traded when a tramway worker purchased it from a local labourer for £400.
There was a pretender to the crown of time capsules when 49 Brown Street, Paddington was listed for sale a couple of years ago.
Its 2013 offering came after it had been locked up for 40 years in its mission brown stupor.
It sold last year, after its remake, for $2,595,000.
There was a time capsule with its Astor television from the 1950s, old Healing radiogram and picture of the Queen at the top of the stairs when <a href="https://www.realestate.com.au/property-house-nsw-paddington-113972247" target="_blank">sold in July </a>2013 for $1.6 million to builder Darryl Ferney, of Mosman, who devoted the next nine months and $900,000 to transform the home.
Property records show the terrace had previously last sold in 1960 for £2,300. 
Builder Darryl Ferney had hopes of more than $2.5 million.
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Forget the pretensions, this is Paddington as it was in 1915

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Anthony Bell, the accountant to Sydney's celebrities, and his wife, former Getaway presenter Kelly Landry, have relisted their Bondi Beach penthouse.
They now live in a $12.5 million Watsons Bay harbourfront. 
They had their adjoining Bondi Beach penthouses listed early last year for a combined $15 million plus in The Bondi, which was designed by award winning architects PTW replacing the former Bondi Beachside Inn.
Bell paid $7,725,000 in 2006 before adding to it in 2010 with the neighbouring apartment.
They now have set a <a href="https://www.mcgrath.com.au/buy/apartment-bondi-beach-nsw-2026/245478/?searchID=47814077" target="_blank">28 March auction date</a> for the initially bought southern 395 square metre Campbell Parade penthouse.
McGrath's Bethwyn Richards has the promenade's tallest building offering. She is quoting $6.5 million plus.
The Bondi apartments were offered off the plan in 2006 by the developer Allen Linz of Rebel Property Group and Eduard Litver of Capitel Group. 
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