Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

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Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

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Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Toorak

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Australian businessman Graeme Samuel has sold his former Toorak home.
The now Brighton-based former consumer rights chief was seeking $8 million to $8.4 million for the single-level home which was created by building designer Kim Andrews and John McNamara.
The former competition watchdog sold it to Samantha Jreissati who seeks to accommodate her growing family.
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<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__"><iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/prestige_3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-google-container-id="7" data-load-complete="true" data-integralas-id-e227a4ba-f9e9-94fc-324f-20e349ced645=""></iframe></div>
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<div id="adspot-1x1_300x250-pos-2" class="ad">The <a href="https://www.realestate.com.au/property-house-vic-toorak-131083306" target="_blank">three-bedroom plus study home</a>, located in a quiet cul-de-sac, features a swimming pool and spa alongside an entertaining terrace with barbecue kitchen.</div>
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The buyer recently listed her half-floor luxury apartment in the Eureka Tower skyscraper in Southbank with a price guide of $8.8 million.
Jreissati, who is general counsel at Bensons Property Group, chaired by her father Elias Jreissati.
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It sits in 855 square metres of landscaped gardens by Jane Jones that feature a swimming pool.
<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/2019/5/29/too%203.jpg" alt="">
Samuel paid $3.05 million in 2007 before its full scale renovation.
It was owned in the 1970s by media executive David Evans who sold his nearby home, Koonda last month.
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Businessman Graeme Samuel sells Toorak home to Samantha Jreissati

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A Melbourne based investor has paid more than $4.25 million for a Toorak retail investment.
It is leased to the Toorak Newsagency and Bakers Delight on a sub 4% yield.  
Teska Carson’s Fergus Evans and Michael Ludski, who brokered the deal, said the result reflected the continuing strength of the retail strip market. 
“The retail strip market has traditionally been very popular amongst small investors and this sale underscores the ongoing strength of that market,’’ Evans said.  
“It’s also indicative of an increase in demand for this type of property as investors drift away from a somewhat troubled residential sector.’’
Located at 479 &amp; 479A Toorak Road, the property comprises a double fronted, two-level, 257 square metre building, which is divided into two tenancies (479 and 479A), on a 207 square metre site with frontage of nearly six metres to Toorak Road and Jackson Street carpark. 
The property was sold subject to leases to Bakers Delight and NewsXpress returning a total net income of $167,116 per annum. 
Ludski said the property presented an outstanding retail investment opportunity in one of Melbourne’s most coveted retail shopping strips.
The sale follows that of a similar strip property, also transacted by Teska Carson, at 481 Toorak Road, Toorak, in April which was purchased by a local investor with the final bid over a Hong Kong investor who had flown in just for the auction.
The buyer paid $8.7 million on a 4.1% yield.
Both of these sales were overshadowed by the sale of Village Walk, a double-storey mall at 485-505 Toorak Rd, which fetched a reported $80 million in an off-market sale to developer Bill McNee of Vicland Property Group.
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Toorak Baker's Delight investment fetches $4.25 million

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The empty site of a Toorak mansion controversially demolished in 2015 has been put up for sale with expectations of $40 million to $44 million.
It is owned by Xiaoyan “Kylie” Bao, who paid $18.58 million in 2013 for St Georges Road trophy home, Idylwilde.
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<div class="ad">The Herald Sun report its listing arises after a matrimonial separation.</div>
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<div class="ad">It was torn down much to the outrage of local residents.</div>
Domain reported a caveat was placed last week on the property tile by corporate entity Abacus Calculators (W.A.) Pty Ltd claiming an interest as chargee.
The oversized block is a little over 4250 square metres sitting empty for almost four years.
The 16 St Georges Road, Toorak has been issued with a building permit for a single dwelling, Stonnington council confirmed.
“Council has no authority to prevent blocks sitting vacant, and cannot instruct an owner to develop the land,” interim chief executive officer Simon Thomas told the local paper.
Council asked the then Liberal Government planning minister Matthew Guy for interim heritage controls which was rejected.
Idylwilde, the historic 1913 Edwardian villa with art nouveau influences, aka Ulva, was bulldozed by the Chinese tycoon Wang Hua, from the Jeshing Group and his wife, Xiao "Kylie" Yan Bao.
It was <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">bought for $18.58 million </a>from LU Simon boss Peter Devitt and his wife Jo and their family who owned it for the 16 years.
It was marketed internationally via a short film produced by Golden Eye Media. 
<a href="https://www.propertyobserver.com.au/images/stories/2013/09/23/toorak-sept-23-floorplan-big.jpg" target="_blank">Click to enlarge</a>
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<a href="/news/chinese-tycoons-heritage-edwardian-toorak-villa-demolition-plans-thwarted">The mainland Chinese buyer</a> flew into Melbourne on their private jet to put the signature on the sales contract.
It has been reported Wang Hua, from the Jeshing Group, ranked in 2013 as China's 790th richest person, with a net worth of $400 million.
It was alleged on a visit to Australia, Mr Wang brought in a suitcase full of US dollars that was deposited in a local branch of a mainland Chinese bank, according to allegations in court documents. 
Melbourne’s house price record stands at $52.5 million for the Stonington mansion in Malvern.
 
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Demolished Toorak trophy home Idylwilde site relisted at $40 million plus

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The Toorak apartment listed by Lady Norma Trescowthick, and the Harris Scarfe department store retailer Sir Donald Trescowthick, has been sold.
The apartment in a Charles Salter designed duplex on Martin Court fetched $2.7 million auction eve, leaving would-be auction attendees with little more to do than catch the last weekend of the sculpture exhibition down at Toorak village shopping centre.
Costing $1.7 million in 2005, it was custom designed with two bedrooms and two bathrooms. 
Kay &amp; Burton agent Andrew Smith had a $2.8 million to $3 million guide.
Two years ago the couple sold their former thoroughbred stud Cornwall Park, north-west of Melbourne.
He founded Swann Insurance, which grew to be Australia's largest privately owned general insurer before being sold.
Their former Lansell Road, Toorak home was one of the pioneering contemporary homes in the suburb. 
This article first appeared in The Weekend Australian. 
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Sir Donald Trescowthick's Toorak apartment sells on auction eve 

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A 150 square metre commercial property located just metres from Toorak Road in the heart of the Toorak Village has been listed for sale. 
Raoul Salter and Michael Gross from Gross Waddell have the listing. 
Situated on a 90 square metre block in a corner location, the property at 60 Ross Street include 1+1 year lease term from November 2018. 
<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/2019/6/13/toorak%202.jpg" alt="">
It has been leased to Alpha Chiropractic for $39,922 per annual. 
It was marketed as having "great bones."
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Toorak Village commercial space leased to chiropractor for sale

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There are only four homes on Toorak's Edzell Avenue that run down to the Yarra River, and they don't trade hands that often.
An extended and renovated period home, which hasn't sold for nearly three decades, has been listed with $8 million to $8.8 million hopes.
Set on 1,360 sqm, the three level home has been designed so its living zones face north to take advantage of the views over the Yarra.
Its centrepiece is the entertaining room with built in bar and balcony.
The home has five bedrooms, including a master retreat with ensuite and study, as well as a home theatre, wine cellar and two kitchens.
A leafy garden runs down to the water.
Marshall White Stonnington agents Justin Krongold and Justin Long are marketing the home that last sold for $1.2 million in 1990.
The 1930s built house next door fetched $6.1 million in 2013 when bought by Sarah Laidlaw, wife of Mitre 10 boss Mark Laidlaw.
After an extensive renovation they re-listed the home three years later, but failed to catch a $20 million buyer.
The most recent sale was the neighbouring waterfront at $7 million in 2015.
This article first appeared in The Weekend Australian.
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Exclusive Toorak home fronting the Yarra River listed

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Legendary racing driver Allan Moffat and partner Sue McCure are selling their Toorak apartment.
They tried to find a buyer in 2013 when asking $2,495,000, just as the property price boom begun.
They're now expecting between $2.9 million to $3.19 million through Marshall White Stonnington agents Marcus Chiminello and Anna Perry.
Moffat and McCure paid $2.25 million for the three bedroom, ground floor unit when it was new in 2011.
Moffat won the Australian Touring Car Championship four times over his 25 year career, inducted into the Sport Australia Hall of Fame late last year.
In 2015 Moffat sold his Toorak workshop of 40 years to developers.
This article was first published in the Weekend Australian. 
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Touring car racing legend Allan Moffat lists Toorak apartment

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A Toorak retail premises that is currently occupied by Bakers Delight and NewsXpress has been listed for sale.
The 255 sqm, two level building at 479 and 479A Toorak Road is divided in to two tenancies.
NewsXpress fronts Toorak Road, while Bakers Delight occupies the rear of the building.
The two current tenants provide a returning total income of $167,116 per annum.
Set between Wallace Avenue and Grange Road, the double-fronted building sits in 205 sqm with nearly six metre frontage to Toorak Road and Jackson Street carpark.
Teksa Carson agents Fergus Evans and Michael Ludski are marketing the property for a June 21 auction.
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Evans says Toorak Road is arguably one of Melbourne's most coveted retail shopping strips.
"It really is a prestigious, blue-chip, location that doesn’t offer assets of this calibre to the market very often and as such it will undoubtedly attract the attention of astute retail strip investors,’’ Evans said.
Ludski said the strip retail market had prospered recently and continued to attract attention from small investors despite the headwinds facing some sectors of the market.
"The ongoing strength of the market is about the traditional popularity of this asset class for smaller investor, as well as the increase in demand for this type of property as investors drift away from a somewhat troubled residential sector.
"We are also seeing an uptick in interest from buyers financed off-shore and a more nuanced attitude to investment particularly from buyers looking longer term and particularly around any potential for development upside,’’ Mr Ludski said.
 
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Tudor-style Toorak home of NewsXpress and Bakers Delight for sale

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Australian businessman Graeme Samuel is selling his former Toorak home.
The now Brighton-based former consumer rights chief is seeking $8 million to $8.4 million for the single-level home which was created by building designer Kim Andrews and John McNamara.
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<a href="https://www.realestate.com.au/property-house-vic-toorak-131083306" target="_blank">Set in 855 square metres of landscaped gardens by Jane Jones</a>, the home has three bedrooms and two bathrooms under its slate roof. A pool sits in the grounds.
Kay &amp; Burton agents Ross Savas and Darren Lewenberg have the listing.
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Samuel paid $3.05 million in 2007 before its full scale renovation.
It was owned in the 1970s by media executive David Evans who sold his nearby home, Koonda last month.
This article first appeared in The Weekend Australian. 
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Businessman Graeme Samuel lists Toorak home with $8-8.4 million hopes

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The local Shao family have emerged as the buyer in the record setting Toorak penthouse which came with initial $20 million hopes.

They managed to secure the Washington Street apartment for $14 million, then buying the display furniture, almost double the prior $8.2 million record.

The sale triggered an explosive commission battle between two top estate agents which went public despite the Real Estate Institute of Victoria's attempt to resolved it on a confidential basis.

The developers Orchard Piper also had celebrity US agents the Altman Brothers lending their name to the marketing.

The 1000 square metre space boasts pool, yoga room, sauna, and 1300-bottle wine cellar, plus private lift from its four car garaging.

One of six residences in the development, its occupies the entire third floor. 

The priciest Toorak apartment this year has been down the road where developer Venise Reilly, a pioneer in the construction industry, sold a Washington Street penthouse off the plan for over $7 million to a Toorak local.

The sale of the 320 square metre residence, a collaboration by Visioneer Builders with Domaine Partnership, was secured by Kay &amp; Burton colleagues Michael Armstrong, Tom Staughton and Phillip French.

This article first appeared in The Weekend Australian. 

<h2>VIC properties selling now:</h2>

[smartcode_project:default project_id=27728]

[smartcode_project:default project_id=3490]

[smartcode_project:default project_id=3783]
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