An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Title Tattle

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The former Bondi home of pioneering television vet Dr Chris Brown has been sold again.
The Dudley St offering fetched $4.65 million this time round through Goodyer Real Estate agent Amanda Balding.
It was onsold by restaurateur Micha Fort-­Williams due to his relocation to New York.
The home had failed to sell earlier last year with another agency.
The Peter Dunkley-designed home, with top-end finishes, had been sold for $4.5 million in 2017.
Dr Chris had renovated after he paid $1.92 million in 2010, two years after he began Bondi Vet, the Network Ten show that shadowed him at work at a clinic in Bondi Junction.
The buyers are a local Bondi couple.
This article was first published in the Sunday Telegraph. 
 
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firstname1-iYD4UYzvBa

Vet Dr Chris Brown's former Bondi home sold again

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Primo Smallgoods heir Bradley Hunt has finally found a buyer of his Clontarf home, the retired cricketer Brett Lee and his wife, Lana.
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<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CMzylK_b2OgCFZCOaAodQjYP7A">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__">There were $10.5 million hopes but it sold for close to $9 million.</div>
</div>
</div>
A prior $9 million plus sale of the Clontarf home fell over.
The Gordon Street home, bought by Hunt for $8.7 million from Citigroup exec Paul Sangar a decade a go, has seven bedrooms, seven bathrooms, a full-sized billiards room, swimming pool and cinema.
Hunt, son of John Hunt who co-founder Primo Smallgoods, and wife Kylie are now based in Cremorne where they bought the waterfront estate from billionaire Bob Ell for $11.2 million in 2015.
Brett Lee and his wife Lana have sold their renovated Clontarf home which was listed with $8 million to $8.8 million expectations.
The luxury three-storey residence is understood to have sold for $9 million plus in the first week of marketing.
With six contracts handed out, its didn’t even get to its first open inspection.
The couple had bought the Monash Crescent property in 2016 for $5.175 million, so they have pocketed a nice profit.
They moved to Clontarf after selling their former Seaforth home for $4.91 million.
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Prestige Clontarf sale falls over, but Brett Lee saves the day

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Geelong Cats player Lachie Henderson’s luxury Jan Juc home is up for sale.
The cats defender is seeking $2.1 million for the four bedroom, two bathroom house.
Henderson, originally from Birregurra worked with The Simple Collective as well as Creative Lifestyle Homes to build the house.
Spanning two stories the home holds views over the ocean and treetops in the Jan Juc region
The split-level contemporary residence occupies a 668 sqm block near the beach and RACV Resort.
Other features include hydronic heating, split-system cooling, ceiling fans and electric blinds in the main living zone.
Steve Menegazzo of McCartney Real Estate is marketing the home.
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Geelong Cats player Lachie Henderson lists Jan Juc coatal home

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Cricketer Nathan Lyon has secured $3,615,000 for his Port Hacking waterfront, accepting a near $200,000 loss.
The off-spinning champion listed the Sutherland Shire home in May last year, only for the deal to fall over.
It came back in September with a $3.8 million to $4.2 million guide.
It cost $3.8 million in 2016, the year before his split with partner Mel Waring.
This article was first published in the Sunday Telegraph.
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Cricketer Nathan Lyon sells Port Hacking waterfront for $200,000 loss

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There’s good news for former ­Cronulla Sharks star Ben Barba.
He’s finally managed to offload his former Brisbane home after just under a year on the market. He got $800,000 for it, having sought offers over $849,000 when first listed.
The price for the four-bedroom Everton Park home was revised down to offers over $799,000 before its sale.
Barba paid $769,000 in 2013, after his move to the Broncos. He only spent one season at Red Hill before moving to the Sharks.
It was a better result for Barba than he had on his Shire home.
Barba, now a labourer in North Queensland after being deregistered from the NRL for a string of high-profile incidents, sold his former ­Caringbah South home for $1,085,000 last year, nearly $100,000 less than he paid five years earlier.
This article was first published in the Sunday Telegraph.
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Former Shark Ben Barba sells Queensland investment

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Kiwi actor Sam Neill has listed his long-held charming Double Bay house for April 15 online auction.
There's $3.5 million to $4 million hopes with its <a href="https://www.domain.com.au/12-pearce-street-double-bay-nsw-2028-2016165522" target="_blank">online marketing</a> advising “vendor wants fast sale.”
The Federation bungalow was bought in 1996 for $839,000, a couple of years after he starred in the first of the Jurassic Park movies.
The sale follows Neill’s split with Noriko Watanabe a few years ago.
Since 1993 Neill has had Two Paddocks, a winery just outside of Queenstown in the Central Otago region.
Nearly two decades ago he started planting two hectares of pinot noir on a small vineyard in Gibbston.
Neill had been filming the third Jurassic World movie, Jurassic Dominion, which will see a return of his iconic character, Dr Alan Grant.
It was set to be released in 2021, but the halting of production may potentially push the release.
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Actor Sam Neill lists his long time Double Bay home

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Having been living in California for the past six years, Australian film editor Jason Ballantine and his interior designer wife Bronwyn Poole had their former Neutral Bay home listed for auction at the weekend.
They accepted an offer for the 1920s Arts &amp; Crafts home a week ahead.
Tenanted until January by renters paying around $2750 a week through McGrath, the Spruson Street property had $4.2 million hopes.
Ballantine’s work includes Baz Luhrmann’s Great Gatsby, Wolf Creek and Mad Max: Fury Road.
Poole is an interior designer with offices in Sydney and Santa Monica.
The couple paid $2.65 million for the home in 2011 when the family was upsizing from the nearby Cremorne.
</div>
The Spruson Street property became a rental in 2013 when the family, now with three kids, moved Stateside due to Ballantine's work commitments. 
Ballantine, who had been in London working on The Kings Man, starring Ralph Fiennes, before the shutdown, has previously been the president of the Australian Screen Editors guild.
His editing work on Baz Luhrmann's Great Gatsby saw the film pick up the Best Editing Award at the 2013 Australian Academy of Cinema and Television Arts Award.
He's been nominated in the category working on Wish You Were Here (2012) and Wolf Creek (2005).
Poole is an interior designer and launched her own business, Touch Interiors, in 2000. She now has offices in Sydney and Santa Monica.
She also founded Complete Pad, an online interiors community where you can shop for individual home items and connect with a professional for help.
This article was first published in the Sunday Telegraph. 
 
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California-based film editor Jason Ballantine sells former Neutral Bay home

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Test quickie Pat Cummins has his Southern Highlands investment cottage up for rent.
It seems right for these times of self-sufficiency that the Moss Vale bungalow comes complete with vegie garden and chook yard. Inside is a slow combustion heater. He quietly paid $906,000, while ripping wickets out of the ground during the now-distant win over England in The Ashes in August 2019.
The Clovelly-based bowler quickly leased the property after settlement. It came with a $550-a-week asking rental, reflecting a 3 per cent yield.
The three-bedroom home with study is now back for rent at the same price and is offered through Yvonne Farcic at Hindmarsh &amp; Walsh Property.
It is set in 2325sq m of established gardens and mature trees. The 1930s residence comes with original features such as 10ft ceilings and timber floors.
Cummins has been in Clovelly since paying $1,362,500 for a three-bedroom unit just off the high street.
Moss Vale is not quite a complete exit from the rat race — a la Tom and Barbara Good in the 1970s BBC television series The Good Life — but the desire to become more self-sufficient has soared in recent weeks.
The City Chicks business in Sydney is regularly sold out of all its available hybrid chooks, bound for the backyards of families who want “eggs on legs”.
This article was first published in the Sunday Telegraph.  
</div>
 
<a href="https://www.realestate.com.au/property-house-nsw-moss+vale-428629302"> </a>
 
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Cricketer Pat Cummins seeks Southern Highlands tenants

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Nova FM radio host Kent “Smallzy” Small has quickly sold his Waterloo investment property with a very bullish exit price.
The 110sqm, two-bedroom, two-bathroom unit in the trendy SJB-­designed Casba complex had a $1.3 million price guide through BresicWhitney. But it sold within a week of listing for $1.57 million.
Raised in Sydney’s western suburbs, Smallzy travelled the world covering music events before the current entertainment industry lockdown, which has prompted him to put together a self-isolation playlist this week.
Smallzy had called the Dank St apartment home since 2015, paying $1.08 million for the apartment, which was built by Michael Grant’s Cornerstone just a year earlier.
The apartment became an investment in 2018 when he upsized, spending $2.1 million on a townhouse in nearby Alexandria. It had an initial $970-a-week asking rental, but the ongoing pinch in the oversupplied apartment rental market saw him more recently seeking $925 a week.
Currently Waterloo has 234 properties available for rent, according to realestate.com.au. Its units rent for $695 per week, reflecting a 4.3 per cent rental yield.
Based on five years of sales, Waterloo has seen an ordinary compound growth rate of 1.2 per cent. Notwithstanding the coronavirus cleanliness issues of open-for-inspections, estate agents across Sydney will face challenging times finding buyers as they deal with an influx of investment listings after Easter. There will be a spike in listings from get-out-early, worried landlords.
These landlords will be anxious about their rental income given their tenants, spending their down time — or “iso” — sunbaking when ever possible on overcrowded beaches, could face challenges paying rents should they be cut back to minimal gig economy hours or, worse, outright redundancy.
Of course many owner-occupiers and investors will also face employment issues.
But, unlike the early 1990s recession, they’ll probably have an investment apartment to offload rather than having to quickly sell the family home.
This article was first published in the Sunday Telegraph.  
 
 
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Nova's Kent 'Smallzy' Small secures Waterloo sale

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Channel Seven reporter and newsreader Ryan Phelan and girlfriend, ballet teacher Chelsea Franklin, have bought a home together in Frenchs Forest.
The couple snapped the 2012-built Frenchs Forest home paying $2.16 million.
The pair both posted to Instagram their success.
"We BOUGHT a house! Blessed beyond measure," Franklin captioned a photo of the pair in front of the sold sign outside the house.
They missed out on a few places on their search, getting outbid previously.
Franklin has taken one of the rooms up as a home office with a ballet barre.
The custom-built two storey family home has five bedrooms and three separate living spaces.
The main open plan living, kitchen and dining area opens to the alfresco entertaining deck and lawned landscaped back yard.
It last traded for $1,382,500 in 2013 when brand new.
Ray White Lower North Shore agent Robert Babic and Desiree Hough secured the sale.
Phelan, who joined the Seven Network in 2013, began dating Chelsea two years ago, following his split from former escort Samantha X.
This article was first published in Sunday Telegraph. 
 
 
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