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.

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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."

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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.

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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."

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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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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."

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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."

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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.

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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.

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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.

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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.

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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.”

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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.”

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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.

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“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.

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The Walden pairs house-scale living with North Sydney connectivity

Title Tattle

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The historic inner-city abode of former Newcastle Lord Mayor Jeff McCloy and wife Tracey has been sold for $2 million, having sought offers last month over $2 million.
The McCloys had it listed through <a href="https://www.realestateview.com.au/Real-Estate/church-street-the-hill/Property-Details-sold-residential-7722264" target="_blank">PRD Nationwide Newcastle agent Mark Kentwell</a>.
The five bedroom residence at 122 Church Street, The Hill cost $2.4 million in early 2008.
The move follows Jeff’s resignation as Lord Mayor in August.
“Now that Jeff is no longer serving as Mayor, the couple has no need for such a significant inner-city residence,” Mark Kentwell said during its marketing.
The Belmont-based McCloys purchased the 1880s property, known as Egmont House, as a second home in 2008, then engaging Suters Architects and Graph Building in 2009 to renovation the property which has water views.
It was built in 1880 for Harbour Master Captain David Joseph Williams.
The marketing material says the "tri-level residence melds historic charm with modern sophistication."
It comes with a lift, gym and home office and also has a semi-self contained section suitable for a live in nanny.
The property was offered to the market earlier this year with Walkom Real Estate seeking offers between $2.6 million and $3 million, but was withdrawn until the latest marketing campaign.
 
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Former Newcastle Lord Mayor Jeff McCloy takes property loss on The Hill

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Melbourne Football Club coach Paul Roos and wife, Tami have sold their South Coogee, Sydney home for $5.4 million in an off-market deal.
It follows their spending $2,525,000 on a Melbourne abode.
<a href="https://www.ballardproperty.com.au/Selling/recentsales/residentialdetail.aspx?id=WOOLLAHRA%202009089&amp;wlid=b1ce53cf-92a3-49a2-8b1e-115530ea4b41" target="_blank">The South Coogee home</a> (pictured before their purchase) cost $4.86 million in 2010. It was designed by architect Con Hairis for the Emanuele family.
It has been bought by the Fanuli family.  
<a href="/news/melbourne-coach-paul-roos-spends-2-5-million-in-elwood">The Elwood, Melbourne purchase</a> by the longtime Sydney residents preceded Roos' decision to extend his term as coach of the Melbourne AFL side.
Roos played 354 games for Fitzroy and Sydney, taking charge as coach of the Swans in 2002. He led the team to the 2005 premiership before handing the reigns over to John Longmire at the end of the 2010 season.
After months of speculation, he was announced as the new coach of Melbourne at the end of last year, taking charge for the 2014 season.
The Elwood property is within walking distance to Elwood beach and the village, where Roos enjoys coffees at the Turtle Cafe.
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Melbourne Demons coach Paul Roos sells Sydney home

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The 24 year old pro-surfer - and face of Rip Curl - Owen Wright is selling his investment property just out of Lennox Head.
Unique Estates agent Gary Brazenor has listed the five bedroom Skennars Head property at $1.65 million.
<a href="https://uniqueestates.com.au/buy-residential-real-estate/house-3-bradman-court-skennars-head-nsw-13058110381" target="_blank">The two storey house</a> achieves a steady income of $450 to $785 per night from holiday lettings. 
The 1,213 square metre 3 Bradman Court fronts onto the track to the beach.
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Pro-surfer Owen Wright lists NSW north coast investment holiday rental

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Westpac boss-in-waiting Brian Hartzer has a new Vaucluse abode.
It is the trophy mansion designed by architect Michael Dysart with impressive rooftop entertaining space.
Recent land title settlement records show a $12.75 million purchase in his wife, Georgiana's name.
It had been offered through Sotheby's International by ISS Australia chief executive Dane Hudson.
Hudson had commissioned<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-116207307" target="_blank"> </a>the three-storey residence following his 2003 purchase for $5.25 million of the cul-de-sac 1,233 square metre parcel of land
It has views of the ocean, harbour, Bridge and Opera House, spanning 767 square metres of living space over three levels. It has five en suite bedrooms and seven bathrooms within parents', childrens' and guest wings. Hartzer and his wife share six children aged between 7 and 16.
The gardens designed by Jane Coleman come with gas-heated pool and BBQ station.
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Westpac boss Brian Hartzer's $12 million Vaucluse home

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The sale of the Kirribilli mansion called Fairhaven has been settled at $6.7 million, having sold earlier this year at an undisclosed price. There were $7.5 million plus hopes in early 2013, having been initially listed in 2010 with $10 million plus hopes.
It was last sold at $6.05 million by the Donnelly family in 2004, so reflected a mediocre 1% annual growth over the decade.
The five-bedroom house on an 1,400 square metre estate was <a href="/news/rob-melhems-fairhaven-kirribilli-mansion-finally-sells">sold by telecommunications entrepreneur turned property developer Rob Melhem</a> who had commissioned renovations by SJB Architects.
Downstairs is The Club Room, a timber panelled rumpus room with a huge open fireplace, a full sized billiards table, games area, built-in bar and climate controlled cellar for up to 800 bottles.
<a href="https://www.realestate.com.au/property-house-nsw-kirribilli-116221255" target="_blank">The 1905 Edwardian/Federation property</a> comes with a heated pool, tennis court and parking for six cars.
It sold through LJ Hooker who marketed it has having Kirribilli's only privately owned, full-size tennis court. Even Kirribilli House does not have a tennis court as our prime ministers play their tennis at The Lodge. 
Fairhaven, which borders Loreto Convent on Carabella Street, is viewed as among the best examples of the early work of the 19th-century architect James Peddle.
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Rob Melhem's Fairhaven, Kirribilli mansion settles at $6.7 million

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The bookmaker Tom Waterhouse has been pinpointed as the likely buyer of the beachfront Balmoral residence snapped up recently at $11 million plus within two weeks of its listing.
The rumours began after nearby beachfront diners advised sighting the young Waterhouse heading into the property after the Woods family posted the sold sign last month.
The new Australian head of William Hill's operation has long loved the Balmoral promenade, along with other members of the racing industry family, so just who will get to occupy the home remains unconfirmed by the close knit clan who started taking bets in 1898.
Given it was in midst of the Melbourne Cup carnival, the busiest time of the year for the family, Property Observer presumes the occupant will become clearer on settlement.
But Waterhouse, who is the fourth generation of Australia's most famous bookmaking family, and wife Hoda, who had their first child daughter Rose in May last year, are in need of suitable accommodation.
It is 918 square metres of terraced tropical gardens with a 1930s home redesigned in the early 1990s by architect builder Ian Reeler.
Property Observer reported it sold before offers were due to close 11 November through Richardson &amp; Wrench Mosman. Its sale preceded publication as the SMH Domain House of the Week.
Inspectees were told more than $11 million would secure the property <a href="https://www.rwm.com.au/4-wyargine-street-mosman-nsw/1807001/" target="_blank">4 Wyargine Street, Mosman</a> (pictured above) last sold in 1983 for $550,000. 
A harbourfront Curraghbeena Road, Mosman, trophy home holds the Mosman mantle for 2014's top sale this far when sold for $16.3 million by Nick Bain, former head of infrastructure at Allco Finance and now chief executive of Graphite Energy, and his wife Katherine.
There are growing concerns anorther prestige nearby Mosman sale is reputedly unlikely to proceed to settlement given the buyer's share holding value in a publicly listed company has tanked since exchanging contracts in early spring.
Apartment prices along the foreshore reserve strip have been strong with a two-bedroom apartment sold for $1.46 million at auction last Saturday, $210,000 above the reserve of $1.25 million. It last traded for £8,750 in 1964.
Four bidders sought the top-floor apartment with balcony and car park.
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Diners reckon bookie Tom Waterhouse behind $11 million plus Balmoral beachfront buy

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The Sydney PR queen Roxy Jacenko and her husband, Oliver Curtis, have sold their Woollahra residence for $8 million plus.
It was an offer too good to refuse since they bought the four-bedroom house for $6.6 million in 2011.
It was sold off-market by a former Kambala school friend estate agent, <a href="https://www.raywhite.com/diane-wilson/real-estate-agent/dw0905191055/" target="_blank">Diane Wilson</a>. 
The Edward Street family home was bought in March 2011 from the rag-trading Karpin family.
The then newly built house was on a 468 square metre block that cost $5.28 million in 2007. 
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The four-bedroom, four-bathroom family home (pictured above before makeover) has since been decorated by the society pages designer Blainey North.
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No buying documents have yet appeared on title when Property Observer checked on Monday this week, with delayed settlement terms seemingly in place.
The AFR Rear Window column confirmed the sale. Property Observer understands around $8.25 million was secured.
Oliver is<a href="https://www.afr.com/p/national/banker_oliver_curtis_liked_the_easy_2jeiA3TdpdA2412zP8NXxJ" target="_blank"> </a>facing charges of insider trading, which after a recent delay, will be heard early next year.
Roxy has been telling friends she would like to have a single-storey Sydney home and possibly a Southern Highlands weekender.<a href="https://www.afr.com/p/markets/oliver_curtis_trial_delayed_5pduv5MI8qbjKPEDhsr2lJ" target="_blank"> </a>
The celebrity publicist Roxy Jacenko has recently spent $2.66 million to buy commercial offices in Paddington with the purchase of 7-13 Elizabeth Street, mooted as new headquarters.
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Roxy Jacenko and Oliver Curtis sell Woollahra trophy home

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Two Guilford Bell-designed homes on the Point Nepean Road on the Mornington Peninsula have been up for sale.
Off market, the acclaimed, though very private, Guilford Bell-designed 1958 Baillieu House at Sorrento recently sold for $19 million.
Property Observer gathers the off market $19 million private treaty buyer was Good Guys boss Andrew Muir and his wife Emma.
It ranks as one of 10 Victorian dwellings featured in Neil Clerehan’s important 1961 book Best Australian Houses, which illustrated cutting-edge residential design of the day. Of the 10, at least three have since been demolished. 
<img src="/images/2014/11/07/sorrento-nov-7-one.jpg" alt="">
 
Photo: Baillieu House, Sorrento. Source: Best Australian Houses.
Its heritage status was considered in the Survey of Post-War Built Heritage in Victoria in 2010. The study decided that any house that has been included in Best Australian Houses should qualify for automatic inclusion.
"These are considered to be of architectural significance at the state level, for their ability to demonstrate what was considered, at that time, and by one of Australia’s leading authorities on residential architecture, to be the best modern houses in the country," the report advised. 
The report also noted it was surprising none of the seven survivors were protected by an individual heritage overlay. 
The Guilford Bell house was sold by Antony Baillieu, formerly of Mt Elephant at Derrinallum, after his mother, Elizabeth Baillieu died in early 2007. 
There is another Guilford Bell-designed house currently for sale on the peninsula at Portsea. Offers for Binnum close 12 November. 
Its a cliff front property with frontage from Point Nepean Road to Weeroona Beach reserve.
The recently renovated home, Binnum that sits within a Paul Bangay-designed garden at 3840 Point Nepean Road has been offered by Mitre 10 CEO, Mark Laidlaw. Set on about 2,023 square metres, it is for sale (pictured above) through <a href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2740309&amp;agentID=948&amp;realestate=3840_Point_Nepean_Road_PORTSEA_VIC_3944&amp;showGoBack=true" target="_blank">RT Edgar Real Estate Portsea agents Warwick Anderson and Ilze Moran</a>.
The unconfirmed price expectations of about $8 million for the property that offers north-facing views over Port Phillip Bay and to Portsea Pier.
The Muir's Toorak home is another former Baillieu house, designed by H.D. Annear in the mid-1920s. It was retained for four generations by members of the Baillieu family.
It was bought from Steve Vizard for $17.75 million in 2007.
Andrew Muir's late father, Ian Muir, built The Good Guys franchise from a single shop in 1952.
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Good Guys' Andrew Muir buys acclaimed Guilford Bell designed Baillieu House, Sorrento

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A modernist Allen Jack &amp; Cottier-designed home in Vaucluse has been sold for $3.5 million.
Some six bidders competed for the dry side Coolong Road property.
There was an opening bid of $2.8 million.
It was bought by a young family returning from Melbourne.
The five-bedroom home features exposed brick walls, quarry tiled floors and Scandinavian inspired design.
The property was sold through Michael Dunn and James Dunn of Richardson &amp; Wrench Double Bay having been tightly held by one family for over 30 years.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-118070319" target="_blank">It was marketed as having versatile spaces</a> including a formal living room with walled garden and family room with alfresco court-garden. Upstairs has a living room with balcony, master wing with sitting room/guest room and study area, and four further bedrooms.
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Allen Jack & Cottier 1970s Vaucluse home sells for $3.5 million

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Cardiff, the time capsule Woollahra home of late author and academic Donald Horne will be offered for auction on 18 November.
Property Observer notes it was bought for £7,700 in early 1966, two years after publication of The Lucky Country in 1964.
The four-bedroom Victorian terrace at <a href="https://www.randw.com.au/1829355/" target="_blank">53 Grosvenor Street has been listed</a> with James Dunn of Richardson &amp; Wrench, Double Bay. There are $1.75 million plus price expectations.
Its period details include three marble gas fireplaces, high ceiling and timber floorboards.
The terrace has a handsome study with floor-to ceiling bookcases, fireplace and double french doors leading to a patio on the 175 square metre block.
Since Horne died in 2005, his widow Myfanwy continued to reside at the terrace which last traded 48 years ago. 
Myfanwy Horne, who died late last year, was a book editor whose enduring legacy is her work as Donald's editor. Donald wrote some 26 books, including his most famous work The Lucky Country, published in 1964.
The 1966 purchase, a Trade Credits Limited mortgagee sale, gave his occupation as advertising executive.
On his death, the writer David Marr noted Horne's various careers - from advertising, via the Packer press, through academe and then "a long non-retirement as the sage of Woollahra".
Marr added Horne was one of those writers cursed by writing a book so famous that everything else he wrote lived in its shadow.
The title of Horne's The Lucky Country comes from the opening words of the book's last chapter:
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Australia is a lucky country, run by second-rate people who share its luck.
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Horne's statement was an indictment of 1960s Australia that "showed less enterprise than almost any other prosperous industrial society."<a href="https://en.wikipedia.org/wiki/Lucky_Country#cite_note-culture-2"> </a>
In his 1976 follow-up book, Death of the Lucky Country, Horne was critical of the "lucky country" phrase being used as a term of endearment for Australia. 
Elsewhere on the street, the Polese family recently secured $1.9 million for their investment terrace that sits on 174 square metres with parking. It cost $490,000 in 1988.
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