The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Applecross

Perth's prestigious Applecross neighbourhood is in the midst of witnessing the rise of a new icon of luxury living.

Award-winning apartment developer Edge has begun construction on Rivière Residences, with the prime waterfront site set to offer views of the Swan River, Perth City, Kings Park, and the Darling Scarp.

Designed by Hillam Architects, Riviere will deliver a collection of one, two and three-bedroom apartments, along with an array of sub-penthouses and two-storey penthouses.&nbsp;

[smartcode_project:default project_id=28384 project_image_fid=178835]

The residences feature soaring ceilings and full-height double-glazed windows, framing the picturesque views while also flooding the interiors with natural light.

Across the podium level, residents will benefit from a number of luxurious amenities, including a 25-metre heated infinity pool, along with a residents' lounge and dining areas, a climate-controlled wine cellar and tasting room, whiskey den and a library.&nbsp;

There'll also be a sauna and steam room, as well as a gold class-style cinema, state-of-the-art gym and health club, and a five-star games room.&nbsp;

[smartcode_project:default project_id=28384 project_image_fid=178848]

The project also features publicly accessible restaurants, wine bars, and a community hub at street level, which is expected to become a popular destination for residents and visitors alike.

Aside from its luxurious offerings, Rivière Residences benefits from its proximity to established neighbourhood conveniences, community sporting facilities, public transport networks, and freeway connections.

Prices start from $640,000, with completion of the project slated for September 2024.

[smartcode_project_cta:default project_id=28384]

Designed by Hillam Architects, Riviere will deliver a collection of one, two and three-bedroom apartments, along with an array of sub-penthouses and two-storey penthouses

alisonwarters@gmail.com

Construction underway at Edge Visionary's Riviere Residences in Applecross

For their most recent luxury project in Perth, the ASX-listed property developer, Mustera Property Group, went overseas to acquire a unique design.

They had the Singapore-based WOHA to handle the architecture for Forbes Residences,&nbsp;a boutique collection of just 34 three and four-bedroom&nbsp;residences in the popular riverside suburb of Applecross.

The internationally renowned, award- winning architectural firm has important connection to Perth, through lead project architect and co-founder, Richard Hassell, who graduated from the University of Western Australia in the late 1980s.

&ldquo;We were approached by Mustera Property Group to explore the idea of a new mixed-use high-rise typology for Applecross, Perth,&quot; Hassell told Urban.

[smartcode_project:default project_id=93814 project_image_fid=193390]

&quot;They were aware of our projects in Singapore and wanted to see if our design strategies could be adapted to suit Perth&rsquo;s climate and context.

&quot;Western Australia has a beautiful climate and landscape and our client wanted to bring something different to the fairly homogenous market,&rdquo; Hassell said.&nbsp;

&ldquo;This is why, together with MJA Studio, WOHA were commissioned to design a development that offers a better high-rise lifestyle, one that maintains the feel of the leafy suburbs with plenty of options for indoor/outdoor living.&rdquo;

[smartcode_project:default project_id=93814 project_image_fid=193387]

Inspired by Applecross, the&nbsp;ambition for Forbes was to create exceptional riverside homes for residents to enjoy all the area has to offer.

&ldquo;The key aspect of the Forbes development is that it&rsquo;s designed, not as a stand-alone urban object, but as a three-dimensional environment that contains liveable, generous homes, shared facilities, commercial spaces, community services within gardens, natural light and air.&rdquo;

Presented as four organically shaped towers, connected via a series of sky gardens, fresh air and light weave throughout every level, creating naturally lit and ventilated lift lobbies.

[smartcode_project:default project_id=93814 project_image_fid=193525]

&ldquo;Applecross offers a beautiful garden suburb environment on the peninsula, and it inspired the building form, which is expressed as four modernist &ldquo;villas&rdquo; on a romantic mountainous landscape.&rdquo;

&ldquo;This expression gave us the opportunity to create extensive &#39;hanging gardens&#39;&nbsp;which drape the podium form and extend up the roof. These gardens preserve the garden suburb quality, create greater privacy, frame views, and enhance sociability through forming &#39;neighbourhoods&#39;&nbsp;of 12 apartments each.&rdquo;

The &ldquo;mountain&rdquo; is an inhabitable landscape from the gardens shared with the public on the ground and first-level, to the social areas for the commercial and residential spaces.

&ldquo;The gardens are not just nice to look at but also perform meaningful environmental services that benefit the development site as well as the district. The extensive greenery reduces the heat island effect, noise, and dust, prevents glare, and provides a habitat for biodiversity.&rdquo;

[smartcode_project:default project_id=93814 project_image_fid=193388]

The rooftop space also provides additional gardens for the penthouses, increasing the green-plot ratio and providing a cool and pleasant &ldquo;fifth fa&ccedil;ade&rdquo;.

WOHA have been developing and evolving their design strategies for over three decades, building a range of prototypes over time which have influenced the design of the Forbes Residences.

&ldquo;Our Parkroyal Collection Pickering project, with its hanging gardens and landscaped, topographical podium, Skyville @ Dawson with its sky village concept and communal sky terraces, or the Oasia Hotel Downtown with its lush green fa&ccedil;ade and green plot ratio of over 1000 per cent, are just a few of our previous projects where we also drew inspiration from.&rdquo;

[smartcode_project:default project_id=93814 project_image_fid=193389]

While the group have produced high-quality and innovative designs across the globe, fitting into the context of Perth was always going&nbsp;to be a challenge. As a city with few high-rise developments, and with the suburbs known for the idyllic tree-lined streets and single family properties, Forbes Residences&nbsp;deliver something new to the western coastline.&nbsp;

&ldquo;The challenge for this development was to come up with a high-rise design that harmonises and adds greater amenity along with its higher density to its low-rise neighbourhood.&rdquo;

&ldquo;To us, it&rsquo;s always exciting to see our strategies come to life and being adapted in a different part of the world, with a different climate and cultural context. We are happy that we&rsquo;re able to work with our talented local partners to realise this vision of Forbes Residences as a civic building that shares its assets with the community and enhances its environment, enriching the quality of life for all.&rdquo;

[smartcode_project_cta: project_id=93814]

Urban sat down with WOHA's, Richard Hassell, to discuss how they designed Forbes Residences in Applecross. 

How the international architecture firm WOHA designed Perth's Forbes Residences in Applecross

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Billionaire Rich Lister Clive Palmer has quietly bought a Perth home.
The leader of the United Australia Party has spent $4.6 million in Applecross, an affluent waterside suburb south of the Perth CBD.
The six bedroom, 2006 built home with views over the Swan River was initially listed in 2010 with $7.95 million hopes.
It was listed a number of times in the preceding years, cut to $6,499,000 in 2014, $5.99 million in 2015 and then sought mid to high $5 millions in 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/2019/10/2/Clive%20Palmer%20Applecross%202.jpg" alt="">
Its most recent marketing campaign, which began in February, saw it eventually drop to mid to high $4 millions.
The 965 sqm block last traded for $965,000 in 2003, before the home was built. It had been sold in 2003 by Shirley Barbara de la Hunty, better known as the Olympian Shirley Strickland.
The purpose built three level features a number of living and entertaining spaces.
There's a music room, a home office, a games room and a resort-style heated spa and swimming pool.
 
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firstname1-iYD4UYzvBa

Clive Palmer spends $4.6 million on Applecross trophy home

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A nine bedroom Applecross, West Australia manse has been sold for $2.33 million dollars after an unsuccessful 2016/2017 marketing campaign.
Originally the vendors sought $4.8 million when they put the home on the market in December 2016 but by the end of the campaign the asking price had been reduced to $3.95 million before being taken off market in October 2017.
The home was relisted as a mortgagee sale through Monica Yeoh and Jan Radley of Acton in March 2019.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-applecross-130686786" target="_blank">45 Matheson Road</a>, the home was unsuccessful at auction in April and the asking price was set at $2.6 million where it remained until the home sold in late August.
Set on 1,011 sqm, the nine bedroom, six bathroom home is just a block from Swan River.
The holding was previously purchased in 2004 for $890,000.
The home previously residing on the block was knocked down and rebuilt in 2014.
Featuring five separate living areas incorporating a tiered home theatre, the property has over 800 sqm of internal space.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for an apartment in <a href="/developments/applecross-wa-6153">Applecross</a> is $1,406,088 according to CoreLogic data.
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Applecross, WA mortgagee mansion sold for $2.5 million under original asking price

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Millionaire mining veteran Charlie Bass and wife Sylvia have spent $7.95 million on a hillside home in Applecross just outside of Perth.
The home sits on 1305 square metres on the highest point of the Duncraig Road dress circle, with views over the Swan River.
Built in the 1970s, the home has three bedrooms, two bathrooms and a swimming pool.
Acton Consolidated Fremantle agent Bob Oliver sold the home.
The Bass's know the road well. They paid $285,000 for a 950 square metre plot in 1993 and built a five bedroom home a year later.
Bass, who co-founded Aquila Resources, sold in 2014 for $1.4 billion. 
This article first appeared in The Weekend Australian. 
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