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 car dealer Steve Nasteski has secured the sale of his home in Clovelly for $7 million.
It sold for just above the $6.5 million price guide offered by Alexander Phillips, of Phillips Pantzer Donnelley.
The Clovelly home was made from four prefab modules designed by architect Pleysier Perkins and transported to the site about a decade ago by Julie and Patrick Eldridge and then featured on Grand Designs Australia in 2012.
It first sold in 2017 for $6 million. Nasteski has made a $12 million sea change with his acquisition of the Wategos beachfront reserve, Whalewatchers from Salmat co-founder Peter Mattock and his wife Pam.
This article first appeared in The Sunday Telegraph.
 
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firstname1-iYD4UYzvBa

Car dealer Steve Nasteski sells Clovelly home for $7 million

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Aberdeen, the Fitzroy Falls weekender of Michael Malone, the co-founder of internet service provider giant iiNet, has been sold at $4,525,000.
Malone, who is a director at NBN, paid $4.65 million for the 43 hectare estate in 2014, shortly after retired from the company he set up in 1993.
Malone bought Aberdeen from the Rex Airlines founder Michael Jones and wife Michelle.
The first public price guide after its late 2018 listing by Malone was $5.5 million.
Its most recent guidance was $4.5 million through Belle agents Di Dixon and Victoria Lowe.
The home retains the record price for the Southern Highlands locality where there’s been just another two prestige in the past six year, both at $3 million.
The five bedroom country manor bordering Morton National Park has a home theatre and a billiard room.
It is set amid Paul Bangay gardens which feature a floodlit tennis court.
This article first appeared in The Sunday Telegraph.
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iiNet co-founder Michael Malone sells Southern Highlands weekender Aberdeen

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New Channel 9 Today sports presenter Alex Cullen is offloading his Maroubra investment unit.
Cullen, who spent nearly a decade as a senior correspondent on Channel 7’s flagship Sunday Night, called the two-bedroom apartment home when it was purchased in 2013.
But he and his producer wife Bonnie Campbell, with twins in tow, have been ­renting as they look to buy together.
The couple, who wed in 2017, welcomed daughters Audrie and Evie just over a year ago.
Recently Campbell revealed their struggle in buying a property on her Instagram account.
“Yes everyone, we’ve done it! We’ve scrimped and saved and forfeited enough smashed avocado to buy our very first house in Sydney,” Campbell captioned with a photo ­facetiously showing Alex and the twins in a children’s playground cubby house.
Cullen paid $602,500 seven years ago for the Maroubra apartment when he moved from Coogee.
One street back from Maroubra Beach, the second-level apartment is on the northeastern corner of a 1970s block.
Ellison Zulian Property agent Josh Ellison gave a $900,000 guide to the 16 buyer groups at yesterday’s first open.
The median two-bedroom Maroubra apartment price sits at $832,500, according to realestate.com.au.
It reports, based on five years of sales, Maroubra has seen an annual compound growth rate of 3 per cent.
Cullen grew up on a cattle farm in northern NSW, completed a journalism degree at Charles Sturt University and got his first big break in 2003 when he was hired at Prime News in Wagga Wagga
This article first appeared in The Sunday Telegraph.
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Today Show sports presenter Alex Cullen lists Maroubra apartment

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<div class="tg-tlc-storybody_intro">
Despite the new real estate marketing challenges, Channel 9 Today sports presenter Alex Cullen has secured the sale of his 1970s Maroubra investment unit.
</div>
It fetched a healthy $950,000.
There were two weeks of open for inspections, but its intending owner-occupier buyer emerged during its third week of marketing when only inspections by appointment were permissible.
The daughter of the buyer physically inspected the Hereward St apartment with Ellison Julian Property agent Josh Ellison. They provided FaceTime viewing to the mother, who was in isolation having returned recently from overseas.
Ellison had been quoting a $900,000 guide. Cullen paid $602,500 for the two-bedroom apartment back in 2013.
Now with one-year-old twins, he and his producer wife Bonnie Campbell are looking to buy something that will fit the family.
This article was first published in the Sunday Telegraph. 
 
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Today Show sports presenter Alex Cullen sells Maroubra apartment

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Having been recently commuting back and forth from Melbourne, hospitality industry leader Brett Sergeant and his German wife, Iris Grosse-Kleimann are selling Maroomba, their former Woollahra home.
They’re seeking $8.25 million for the four bedroom heritage-listed home that dates back to the 1890s.
The couple paid $3.4 million in 2014 and have since renovated the home to have 320 sqm of internal living space.
There’s a landscaped garden with outdoor kitchen, and a whole entertaining level with cocktail bar and a custom designed wine cellar and tasting room.
Pillinger Double Bay agent Brad Pillinger has the Nelson Street listing.
Now the chief executive of Chris Morris’s Colonial Leisure Group, whose flagship venue is the Portsea Hotel, Sergeant left Merivale in 2016 after nine years when he was the chief operating officer.
His first job was as a glassie at AHL’s Mitcham Hotel.
Nelson Street’s most recent sale was when recruitment boss Phil Kerry and his wife, Anne-Maree, secured the 1880s Victorian Regency trophy mansion, Larissa for $8.5 million, having sold in Darling Point for $18 million to insurer Richard Enthoven.
This article first appeared in The Sunday Telegraph. 
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Former Merivale exec Brett Sergeant lists Woollahra mansion Maroomba

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<div>Weekend sales included an $855,000 Surry Hills apartment with some fashion cred.</div>
<div> </div>
<div>The <a href="https://ecomms.raywhite.com/collect/click.aspx?u=S3V6VU04dVllRHFsa3JOUENpVktZRjhLK29BUGF6S1BidGY3czlTcUp6TlRFRGFlRVZvMDkwdVQ5aEgwcS9qMXpPSnFaK01PbGpQNllqUG5kQlBnSXEyS3UyVXF0M2lsYUx5dGt5YjNrSHhwcUtkVjc1amRGQ3dTUHNLUkE1ejB5SWxqZWYvVWpFamNWdjVNbkMzNmZSUmlYVUVkdVl5TENuSENFRmRaZkhleW11NUEwSU90UHVhcXRIdlZ1d2k5&amp;rh=ff005bfc87effcc8f0b12f27574d9745afdac11d" target="_blank" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=https://ecomms.raywhite.com/collect/click.aspx?u%3DS3V6VU04dVllRHFsa3JOUENpVktZRjhLK29BUGF6S1BidGY3czlTcUp6TlRFRGFlRVZvMDkwdVQ5aEgwcS9qMXpPSnFaK01PbGpQNllqUG5kQlBnSXEyS3UyVXF0M2lsYUx5dGt5YjNrSHhwcUtkVjc1amRGQ3dTUHNLUkE1ejB5SWxqZWYvVWpFamNWdjVNbkMzNmZSUmlYVUVkdVl5TENuSENFRmRaZkhleW11NUEwSU90UHVhcXRIdlZ1d2k5%26rh%3Dff005bfc87effcc8f0b12f27574d9745afdac11d&amp;source=gmail&amp;ust=1584311939921000&amp;usg=AFQjCNGr-s0VtGZjqJRlgrVIH3ra-5911w">Crown Street</a> offering was by the Wheels and Dollbaby fashion retailer, Melanie Greensmith who previously had her showroom premises just across the street. </div>
<div> </div>
<div>The two-bedroom apartment attracted marketing notoriety since it was once the backdrop for one of Debbie Harry’s fashion shoots.</div>
<div>
 More than 80 groups came through the open homes, with it sold to an investor after the offering came with $825,000 Ray White price guidance.</div>
<div> </div>
<div>"The market is looking pretty good," agent James Peach said.</div>
<div> </div>
<div>The 67 sqm level one apartment had last traded at $320,000 in 2003.</div>
<div> </div>
<div>Its last known rental asking price was $675 a week in late 2018, which was slightly lower than the $720 being sought on its 2016 offering.</div>
<div> </div>
<div>Realestate.com.au put the Surry Hills median apartment price at $800,000, with annual rental yields of around 4 percent.
</div>
<div> </div>
<div> Based on five years of sales, Surry Hills has seen an annual compound growth rate just 1.5 percent for units.</div>
<div> </div>
<div>This article was first published in the Saturday Daily Telegraph. </div>
 
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Surry Hills apartment with fashion cred sold 

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The most affordable unit auctioned on the weekend sold for $320,000 in Cabramatta.
The 1980-built McBurney Road apartment was last sold at $130,000 in 2005, which was slightly less than its $150,000 price in boom time 2004.
The one-bedroom, one-bathroom apartment features a large dining and lounge room which overlooks the balcony. 
The unit is situated in a small block of 12 units where the priciest prior one bedroom sale was $280,000 six years ago.
It includes a huge lock-up garage with an add on work space. 
This article was first published in the Saturday Daily Telegraph. 
 
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Most affordable unit sold at auction in Cabramatta 

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Trinity Beach Palace, the luxury holiday rental in Far North Queensland, has sold to a syndicate involved in the financial services industry.
They include Jason Hedlund, founder and managing director of the Canberra-based Financial Integrity Group, along with Ivan Juric, Stephen Bates and Stephen Thompson.
The retreat of Otto Buttula, one of the pioneers of boutique fund management, and wife Virginia, had been listed since 2016.
Abercromby's Armadale agent Jock Langley took over the listing and secured the sale, believed to be around $6 million, but officially settled at $5.5 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/29/trinity%201%201.jpg" alt="">
The five bedroom private beachfront estate, north of Cairns, was bought by the Buttula's in 2008, a year after Otto sold IWL, the online share brokerage he co-founded, to Commonwealth Bank. 
There's two outdoor bars and a pool on the 7,585 square metre absolute beachfront parcel.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/29/trinity%202%201.jpg" alt="">
They'd spotted the tropical haven after seeing its picture in newspaper marketing when it was offered by Josef Roberts who introduced Australians to Red Bull.
Trinity Beach Palace had been fetching $1,250 a night on holiday rental sites, having become a holiday let since the Buttula's relocated to Brisbane's Ashgrove.
It's around 1,000 square metres and has a safari-themed den, a library, gym, sauna and golf practice range. 
 
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Financial services syndicate buys Trinity Beach retreat from fund management pioneer Otto Buttula

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Having moved on to their next project at nearby Paddington, the former Brisbane Broncos captain Darius Boyd and his wife Kayla have finally sold their near-new Hendra home.
They were initially asking for offers in the early $2 millions, then $1.99 million.
It was built three years ago after the Boyd's commissioned Base Architecture and builder Graya Constructions to create the four bedroom home with jet black exterior.
Boyd spent $1,205,000 on an original 1930s Paddington cottage, with plans revealed by local architect Joe Adsett for a bright two-level home dubbed the Hitup House.
Construction is set to start shortly.
 
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Former Brisbane Broncos skipper Darius Boyd sells Hendra home

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Catch Group co-founder Hezi Leibovich and his wife, Lina, spent $19.75 million in Brighton in a secret off-market deal.
However, the sale of the 2,600 sqm parcel of land on one of Brighton's "best streets", according to agents, did not break a price record for Brighton.
The record is still held by the late 7-Eleven co-founder Beverley Barlow's $22 million sale at 39 Seacombe Grove in 2015. 
<div class="in-content-ad">The 14 Glyndon Avenue property was brokered through Marshall White estate agent Ben Vieth.</div>
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<div class="in-content-ad">The Glyndon Avenue's vendor bought the property in 1975 for $225,000.</div>
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<div class="in-content-ad">The sale follows the $230 million deal which Leibovich shared in after the sale of Catch Group to retail conglomerate Wesfamers.
The Leiboviches started the company in 2006.
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