Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Auctions

<html><body>
The Nic Bochsler-designed Highgate Hill, Toorak home of former BHP executive and chairman Brian Loton sold after its weekend RT Edgar auction, where it came with $4 million plus price hopes through agent Michael Ebeling.
<a href="https://www.realestateview.com.au/Real-Estate/3-highgate-hill-toorak/Property-Details-buy-residential-7754670" target="_blank">The three bedroom </a><a href="https://www.realestateview.com.au/Real-Estate/3-highgate-hill-toorak/Property-Details-buy-residential-7754670" target="_blank">cul de sac offering</a> was built in 1992 for Brian Loton and his wife, Joan.
That was around the time he became chairman of Australia's biggest company.
Loton's first three years as CEO of BHP, between 1984 and 1986, saw him repel three takeovers from the late Robert Holmes à Court. He was its chief until 1991, then promoted from deputy chairman to chairman to replace Sir Arvi Parbo in 1992.
In 1991 the Fairfax resources writer Bruce Hextall wrote entering the 1980s, BHP was a large, but undisciplined entity, with a bureaucracy as ingrained as that of the Public Service, but had been able to transform itself into one of the world's great mining houses with a spread of interests that provide it with the ability to make hay even when the sun is not shining.
Its 1991 year profit of $1.05 billion outdid the previous year Australian record of $955 million in 1990.
The auctioneer Warwick Anderson told the auction crowd that the St Kevin's Christian Brothers order had placed single dwelling covenants in the cul de sac enforcing no more than a home per land title on its 1970s subdivision.
The corner of Orrong and St Georges Road had been the location of the school's Glendalough campus until the 1970s having purchased the holding in 1931 for £5,800.
St Kevin's Glendalough relocated to its current Lansell Road site after the 5.7 hectare Clovelly estate became available following the death of the Henry Jones IXL jam king, Achalen Palfreyman. It was bought by St Kevin's for $410,000.
When Palfreyman died in 1967 aged 93, he was believed to have been Australia's wealthiest man with a $6.6 million probate estate. The demolished home had 15 iron verandah columns apparently sent to Kirribilli House, Sydney for restoration of the verandah.
Its stained glass panels - said by Whelan the Wrecker to be the best he had seen in a Melbourne house - were inserted by the Langslow family into 79 St Vincent Place, Albert Park.
The Hillgate Hill vendors had the Nic Bochsler-designed family home replace their existing accommodation.
James Buyer Advocates reported there was a low opening bid of $3.6 million.
The only other was the vendor bid to $4 million.
It was bought after auction.
The neighbouring house had fetched $3,272,000 million in 2012 when the former Hawthorn Football Club president Ian Dicker sold. He had paid $1.02 million in 1987.
The eight-room, three level brick house at 11 Highgate Hill fetched $1.1million at 1994 auction by the ANZ Bank, and the last sale on the cul de sac at $4.25 million in late 2012.
The block had traded in the mid-1970s between $60,000 to $70,000.
</body></html>

jchancellor-FAypfDUnLy

Mining giant Brian Loton sells longtime Toorak home

<html><body>
Governor-General Sir Peter Cosgrove and his wife, Lady Cosgrove, failed to sell their Neutral Bay home amid today's saturated weekend auction offering.
It has now been listed for private treaty sale after the $2.1 million vendor bid, pulled from auction without any buyer bidding.
There was a 74% overall Sydney clearance rate today, which mirrored last weekend's revised lower 74% clearance rate.
With around 1170 offerings, the Melbourne result was 72% today matching last weekend's revised 72% success rate.
Sydney's house auction median was $1.1 million and it was $810,000 in Melbourne.
The top sale around the nation was in Elwood where $6.55 million was paid for 6 Dickens Street, the 1890s property,Trefusis, which was sold by interests associated with DFO founder and former chief executive Geoff Porz. It cost $3.5 million in 2009 before its renovation. Agent Abercromby's were saying $5 million plus.
Sydney's top reported sale was 20 Agnes Street, Strathfield at $3.45 million.
The Cosgrove listing following the couple's recent move to their official, vice-regal residences, nearby Admiralty House in Kirribilli and Government House in Canberra.
McGrath Estate Agents had expected $2.1 million plus for the <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-neutral-bay-nsw-2089/240264" target="_blank">three-storey Spruson Street semi</a>.
They paid $1.95 million in 2007, two years after Sir Peter ended his term as the Defence Force chief.
They were in Brisbane at the time of the auction having greeted the US President Barack Obama on his arrival to the G20.
It was among the 882 listings across Sydney today, of which 106 were on the lower north shore.
The total number of Melbourne auctions held so far this year is 17 per cent higher than the same time last year, with 32,874 auctions held in the year to date, according to the REIV CEO Enzo Raimondo.
<div>
*An earlier report suggested the Neutral Bay property had been pulled from auction altogether.
</div>
</body></html>

Governor-General Peter Cosgrove leads the retreat with unsold offering amid saturated auction weekends

<html><body>
Governor-General Sir Peter Cosgrove and his wife, Lady Cosgrove, headline the weekend auction offerings with their Neutral Bay home listed following the couple's recent move to their official, vice-regal residences, nearby Admiralty House in Kirribilli and Government House in Canberra.
McGrath Estate Agents expect $2.1 million plus for the <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-neutral-bay-nsw-2089/240264" target="_blank">three-storey Spruson Street semi</a>.
They paid $1.95 million in 2007, two years after Sir Peter ended his term as the Defence Force chief.
"To be asked to sell the Governor-General's home, in this industry there's no greater honour," said the listing agent Piers van Hamberg, of McGrath Estate Agents.
Australian Property Monitors says Sydney will host 882 homes this weekend.
It is down on last weekend’s 943 but higher than the 767 conducted over the same weekend a year ago.
"Sydney is set to clearly smash the all-time monthly record for auctions this November with over 5,000 properties listed," Australian Property Monitors' senior economist Andrew Wilson said.
Sydney weekend auction market dropped last Saturday recording the lowest clearance rate since the first weekend of July. The initial 75.5% result was well down on the previous weekend’s strong 82.4% rate and also below the 83.7% recorded over the same weekend last year.
"High auctions numbers over the past month however may be impacting the local market with three out of the last five weekends below the 80% weekend benchmark," Wilson said.
 The four-weekend average clearance rate now stands at 79.5%, compared to 82% over the previous four-weekend period. This is the first time this spring the Sydney four-weekend average has dipped below 80%.
Sydney’s west was the leading suburban region last weekend with a strong 85.7% clearance rate. The south was next best with 82.3% with all other regions below 80% led by the inner west with 79.8% and Canterbury Bankstown and the northern beaches each with 75.7%. The city and east reported the lowest regional clearance rate at the weekend with 69.8%.  
The inner west will again host the most number of auctions this weekend with 139 followed by the upper north shore with 115, the south 114, the lower north 106, the city and east 100, the west 73, the northern beaches 54 and Canterbury-Bankstown with 53 auctions scheduled.
The most popular suburb for auctions this weekend in Sydney is again Mosman on the lower north shore with 18 auctions listed. Next highest is Castle Hill in the north west with 14 followed by St Ives on the upper north shore with 12, Leichhardt in the inner west with 10, Paddington in the city and east with nine and a number of suburbs with 8 auctions including Cremorne on the lower north shore, Dulwich Hill in the inner west, Hunters Hill on the lower north shore, Manly on the northern beaches and Killara on the upper north shore
</body></html>

Governor-General Peter Cosgrove leads Sydney weekend auctions

<html><body>
The Nic Bochsler-designed Highgate Hill, Toorak home of former BHP executive Brian Loton goes to weekend RT Edgar auction with $4 million plus price hopes.
<a href="https://www.realestateview.com.au/Real-Estate/3-highgate-hill-toorak/Property-Details-buy-residential-7754670" target="_blank">The 1992-built three bedroom </a><a href="https://www.realestateview.com.au/Real-Estate/3-highgate-hill-toorak/Property-Details-buy-residential-7754670" target="_blank">cul de sac offering </a>sits among Melbourne's 1,155 homes listed to go under the hammer in the metro area. 
Australian Property Monitors' senior economist Andrew Wilson says this is well ahead of last weekend’s 977 and higher than the 1,068 auctions conducted over the same weekend last year.
Melbourne’s four weekend average clearance rate now stands at 74.3% compared to 78.8% over the previous four-weekend period.
Melbourne’s south-east reported the highest regional clearance rate last weekend with a strong 84% result.
The next best however were well below led by the outer east with 76.5%, the north east 75.2%, the inner south 71.9%, the inner east 70.9% and the inner city with a clearance rate of 69.5%.
Melbourne’s inner city will host the most number of auctions this weekend with 187 closely followed by the inner south with 183, the inner east with 167, the west 166, the north-east 150, the outer east 148, the north 89 and the south-east  65.
The most popular suburb for auction listings this weekend in metro Melbourne is East Bentleigh in the inner south with 20 followed by St Kilda in the inner city with 18 and a number of suburbs with 17 auctions listed including Mount Waverley in the outer east, Reservoir in the north east, South Yarra in the inner city, Richmond also in the inner city, and Port Melbourne again in the inner city.
 
 
</body></html>

Nic Bochsler-designed Toorak home headlines Melbourne weekend auction offerings

<html><body>
The most recent update to the list of million dollar suburbs in Melbourne has seen 50 reach or exceed that mark.
This is an increase of one on last month with <a href="/news">Caulfield East</a> joining the list. The median value of a house in that suburb is now $1,002,366. Prior to Caulfield East the other recent additions were <a href="/news">Fairfield </a>and <a href="/news">Aberfeldie</a>. Those additions meant that Melbourne now has million dollar suburbs in the north, east, south and west of the city.
The list is headed by the usual suspects; <a href="/news">Toorak</a>, <a href="/news">Deepdene</a>, <a href="/news">Canterbury</a>, <a href="/news">Kooyong</a> and <a href="/news">East Melbourne</a>.  The median house value in <a href="/news">Toorak</a> is now $2.85 million and unlike the majority of million dollar suburbs this number has fallen over the last year.
The suburbs next in line do not contain many surprises but can also tell us a lot about housing values in Melbourne.
The suburbs that are within $20,000 of the million dollar mark are <a href="/news">Prahran</a>, <a href="/news">Carlton North</a>, <a href="/news">Port Melbourne</a>, <a href="/news">Williamstown </a>and <a href="/news">Bentleigh</a>.
Bentleigh is quite typical of the next group of suburbs that will join the list. It would have been quite surprising a few years ago to think of Bentleigh houses costing this much but with 97 selling for over a million in the last 12 months it now a regular feature of the area.
A cursory glance at the ‘for sale’ advertisements shows a suburb undergoing significant change with an increase in multi unit dwellings replacing the older homes on what are now large blocks. These homes coexist with a mixture of styles that are clearly proving to be very popular with buyers.
There are 1,338 auctions scheduled this week in Melbourne compared to 1,270 for the same time last year. The most auctions will be found in <a href="/news">Bentleigh East </a>with 29.
Auctions are generally more popular in the most expensive segment of the market and some suburbs have been recording multiple sales in the ultra expensive category.
A review of suburbs ranked by the number of sales valued at more than $2 million over the last year shows that three had more than 100; <a href="/news">Brighton</a>, Toorak and <a href="/news">Kew</a>. <a href="/news">Camberwell</a>, Canterbury, <a href="/news">Balwyn</a>, <a href="/news">Hawthorn </a>and <a href="/news">Malvern </a>had between 50 and 100. Outside of the leafy inner east there were some interesting results in <a href="/news">Hampton</a>, <a href="/news">Elwood</a>, <a href="/news">Ivanhoe </a>and <a href="/news">Richmond </a>had between 10 and 20 sales over $2 million.
On a citywide basis, the time on market results for houses sold at private sale was stable at a very low 31 days over the last week and vendor discounting remained stable at -4.8%.
Key data
<ul>
<li>Clearance rate week ending 9 November: 65.5%</li>
<li>Melbourne auctions expected week ending 16 November: 1,338</li>
<li>Melbourne private sales time on market week ending 9 November: 31 days (houses)</li>
<li>Melbourne vendor discounting market week ending 9 November: -4.8% (houses)</li>
<li>Listings being prepared for market are 4.3% higher in month ending 9 November (seasonally adjusted)</li>
</ul>
</body></html>

rlarocca-zWhvjay44N

Bentleigh soon to become a million dollar suburb: RP Data's Melbourne weekend auction preview

<html><body>
A Clontarf beach-front home was the most expensive sold in Australia last week, according to RP Data. The mid-century house (pictured in the gallery above) sold for $4,875,000, changing hands for the first time in 60 years.
Second on RP Data's list was a Bellevue Hill home, which secured $4.61 million. Once again Sydney homes dominated the top-end sales, with just one appearance each from Victoria, Queensland and Western Australia.
RP Data's top 10 sales for the week ending Sunday 9 November: 
<a href="https://www.realestate.com.au/property-house-nsw-clontarf-118133639" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">29 Monash Crescent, Clontarf, NSW</a> <img src="/images/2014/11/11/1.jpg" alt="">
The Clontarf house was sold through Belle Property. With direct access to the beach through the back gate, the home has a full panoramic view of the harbour through full height picture windows and sliding doors, which open to the back terrace. The terrace has a separate undercover entertaining area.
The home has four bedrooms and three original bathrooms, with a "retro-style" kitchen.
<a href="https://www.realestateview.com.au/Real-Estate/29-bulkara-road-bellevue-hill/Property-Details-buy-residential-7682968" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;">29 Bulkara Road, Bellevue Hill, NSW</a> <img src="/images/2014/11/11/2.jpg" alt=""> A five bedroom, six bathroom house in Bellevue Hill sold for $4.61 million last week through Laing + Simmons Double Bay. The main house, with multiple entertaining terraces, shares the 892 square metre plot with a free standing pool house.
According to the listing information, there is scope for a future second floor renovation on the home. The sellers bought it for $3 million in 2009.
<a href="https://www.realestate.com.au/property-house-qld-yeronga-118120535" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">365 Brisbane Corso, Yeronga, Qld</a>
 <img src="/images/2014/11/11/3.jpg" alt="">
The only Queensland home to make it to this week's top 10, this Yeronga house sold for $4.38 million through Place Graceville.
Constructed by the TAK Group in 2008, the three level home sits on a 916 square metre riverfront site, with 800 square metres of internal floor space. Materials used in the house include natural stone and polished timber. There is a pool along the side of the home's raised second level, with a spout pouring water from the wall of the house's third floor.
Although it was one of Australia's most expensives homes sold this week, the vendors still made a loss on 365 Brisbane Corso. They paid $5 million for the residence in 2009.
<a href="https://www.realestate.com.au/property-house-nsw-mosman-118107239" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">14 Euryalus Street, Mosman, NSW</a> <img src="/images/2014/11/11/4.jpg" alt="">
A Mosman home designed by French born Sydney architect Guy de Compiegne sold for $4.15 million through LJ Hooker Mosman. Compiegne has spoken before about the changing nature of entertaining spaces in homes – this one, with its large marble kitchen island and open plan living area, seems to align with his ideas about high visibility, theatrical entertaining.
Many of the north-facing house's rooms offer panoramic views of Middle Harbour, and the home has a nine metre pool. 
<a href="https://www.realestateview.com.au/Real-Estate/11-ruby-street-mosman/Property-Details-buy-residential-7752208" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">11 Ruby Street, Mosman, NSW</a> <img src="/images/2014/11/11/5.jpg" alt="">
The second Mosman home on this week's top 10 list sold for $3,971,000 at auction through Shead Property Chatswood. The sale marks the first time the circa 1907 house has changed hands in 70 years.
With a view of the city skyline, the Opera House and the Harbour Bridge, the house is set high on its 835 square metre plot. It has four bedrooms. The home features stained glass bay windows, fireplaces in the formal lounge and dining room, a cellar and a workshop.
Article continues on the next page. Please click below.
<a href="https://www.realestateview.com.au/Real-Estate/9-cole-street-hawthorn-east/Property-Details-buy-residential-7737540" target="_blank"></a>
<hr class="system-pagebreak">
<a href="https://www.realestateview.com.au/Real-Estate/9-cole-street-hawthorn-east/Property-Details-buy-residential-7737540" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">9 Cole Street, Hawthorn East, Vic</a> <img src="/images/2014/11/11/6.jpg" alt="">
This Hawthorn East home with a faux Parisian façade sold for $3.8 million through Hocking Stuart Balwyn. The interior is as ornate as the exterior, with European Oak parquetry throughout, New York marble used in the kitchen and fireplaces and a calacatta marble en suite for the master bedroom.
There are five bedrooms and four bathrooms in home, with an entertaining area, kitchen and solar heated pool outside. Vendors purchased the property for $1.65 million mid-last year before building the current residence.
<a href="https://www.realestateview.com.au/Real-Estate/248-marine-parade-cottesloe/Property-Details-buy-residential-6714305" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">248 Marine Parade, Cottesloe, WA</a> <img src="/images/2014/11/11/7.jpg" alt="">
The only West Australian home to appear on this week's top 10 is a $3.7 million Cottesloe home. The four bedroom, three bathroom house was designed by Perth architect Gary Banham.
After 268 days on the market, the home with ocean views was sold through Mack Hall Real Estate.
<a href="https://www.realestate.com.au/property-house-nsw-strathfield-118149319" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;">81 Homebush Road, Strathfield, NSW</a> <img src="/images/2014/11/11/8.jpg" alt="">
This three level heritage home sold at auction through Richard Matthew Real Estate Strathfield, who boast the $3,601,000 price was $451,000 over reserve.
The eight bedroom, five bathroom house is set over five levels on a 1,808 square metre parcel. It features formal and informal living spaces, wraparound balconies, marble fireplaces, lead lights and a separate one bedroom apartment.
<a href="https://www.realestateview.com.au/Real-Estate/12-hall-street-brighton/Property-Details-buy-residential-7733080" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;">12 Hall Street, Brighton, Vic</a> <img src="/images/2014/11/11/9.jpg" alt=""> A triple storey Georgian inspired home sold for $3,515,000 through Greg Hocking Real Estate St Kilda. The five bedroom, three bathroom Brighton house is situated on a 894 square metre plot a house away from the Billilia mansion estate, within walking distance of the William Street Reserve and Church Street.
Herringbone parquetry floors are seen throughout the home's living and entertaining areas, which include a formal lounge and dining room. At the rear, french doors open onto the outdoor entertaining area and gardens.
<a href="https://www.realestate.com.au/property-house-nsw-north+bondi-107613381" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;">71 Hastings Parade, North Bondi, NSW</a> <img src="/images/2014/11/11/10.jpg" alt="">
Raine &amp; Horne Bondi Beach secured $3.13 million for this five bedroom North Bondi house.
The living area of the freestanding home has blackbutt timber floors, with an open flame gas fireplace. Outdoors, there is a deck for entertaining, an outdoor shower and a five metre spa.
Sellers bought the house in April 2012, paying $2.4 million.
</body></html>

jrichardson-uRX5hFdKfN

Clontarf waterfront home tops sales: RP Data

<html><body>
Sydney's cheapest weekend residential sale was a $400,000 Darlinghurst studio apartment.
The price guidance was over $335,000 for the 38 square metre apartment with balcony.
The McGrath marketing noted a $400 a week rental for the third floor apartment at <a href="https://www.mcgrath.com.au/buy/apartment-darlinghurst-nsw-2010/242001/?searchID=44347085" target="_blank">8/19 Kirketon Road, Darlinghurst</a>.
It last sold in late 2012 at $300,000 reflecting, 15% annual price growth for the 1995 built offering. 
It is a rare example where actual price movements have mirrored the Sydney median price growth over the matching period.
However its prior two sales show a longer and slower price growth that beset Sydney.
It sold in 2006 for $220,000 and in 2001 at $195,000.
Its annual council rates at $808, the annual water rates are $721 and strata levies $640 a quarter.
</body></html>

After 15% annual growth, Darlinghurst studio Sydney's weekend auction cheapest 

<html><body>
A five bedroom home at 150 Kooyong Road, Toorak was resold at weekend auction for $3,382,000, just nine weeks after it was sold for $3.29 million.
It seems the local vendor, a cosmetics industry veteran who lives diagonally opposite, had little choice but to put it on the market again.
“He bought without his wife seeing it,” said <a href="https://www.domain.com.au/public/Propertydetails.aspx?adid=2011488099" target="_blank">Beller Residential listing agent Max Bevacqua who had the listing both times</a>.
“She wasn’t interested in renovating another property. It happens quite often,” he told the Australian Financial Review.
The late August buyer had settled and paid the $181,000 Victorian stamp duty.
It had been bought at auction in late August for $3.29 million.
The five bedroom, four bathroom house on a corner 685 square metre block was billed as a future family dream home or an opportunity for a “creative builder, developer or interior designer”.
It also sold at $2.85 million in September last year after which was available for rent at $1,800 a week.
</body></html>

Surprised wife refuses to move, so Toorak unrenovated home resold

<html><body>
The NSW state government is resuming its sell-off of public housing at Millers Point, listing more terraces for December auction.
The Georgian-style properties were built by local publican William Cole in the 1840s.
The properties at 24 Argyle Place and 28 Argyle Place and 32 Argyle Place will go to <a href="https://www.mcgrath.com.au/buying/search/?region=&amp;suburbList=millers+point&amp;from=&amp;to=&amp;hidden_priceRangeTo=&amp;currency=1&amp;type=&amp;beds=&amp;baths=&amp;parking=&amp;listingType=1&amp;keyword=&amp;searchLarge.x=79&amp;searchLarge.y=5&amp;searchLarge=search&amp;landSize=" target="_blank">4 December auction </a>through Peter Starr at McGrath Estate Agents.
The price guides are not publicly available but one will be pricier given its views of the Harbour Bridge.
In October, $1.71 million was paid for the uninhabitable terrace at 30 Argyle Place.
The initial six properties sold at Millers Point netted the state government around $15 million.
</body></html>

Millers Point terrace selloff by NSW government resumes

<html><body>
A preliminary weighted average clearance rate of 63.7% was recorded this week across capital cities compared to 68.7% last week and 68.3% this time last year.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Capital-City.jpg" rel="wp-prettyPhoto[g3951]"><img class="aligncenter size-large wp-image-3952" src="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Capital-City-580x421.jpg" alt="RP Data auction market comments | Capital City" width="580" height="421"></a>
It is interesting to note that due to an increase in the popularity of auctions more homes have been sold in Sydney at auction this year than Melbourne. This is the first time this has occurred. After this week there have been 24,590 auction sales in Sydney and 24,336 in Melbourne.
In Sydney market a preliminary clearance rate of 69% recorded compared to 75.6% last week and 76% last year. After a fortnight of mild improvement the ongoing high volumes are clearly having an impact with a lower clearance rate this week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Sydney.jpg" rel="wp-prettyPhoto[g3951]"><img class="aligncenter size-large wp-image-3953" src="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Sydney-580x385.jpg" alt="RP Data auction market comments | Sydney" width="580" height="385"></a>
In Melbourne there was a preliminary clearance rate of 63.8% recorded compared to 69.6% last week and 68.1% this time last year. The market is shifting in favor of buyers at the right time of the year with a high volume of auctions expected between now and Christmas.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Melbourne.jpg" rel="wp-prettyPhoto[g3951]"><img class="aligncenter size-large wp-image-3954" src="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Melbourne-580x382.jpg" alt="RP Data auction market comments | Melbourne" width="580" height="382"></a>
In Brisbane a preliminary clearance rate of 45% was recorded compared to 45.3% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Brisbane.jpg" rel="wp-prettyPhoto[g3951]"><img class="aligncenter size-large wp-image-3955" src="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Brisbane-580x386.jpg" alt="RP Data auction market comments | Brisbane" width="580" height="386"></a>
Adelaide recorded a clearance rate of 61.3% compared to 57.4% last week.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Adelaide.jpg" rel="wp-prettyPhoto[g3951]"><img class="aligncenter size-large wp-image-3956" src="https://blog.rpdata.com/wp-content/uploads/2014/11/20141110-Adelaide-580x388.jpg" alt="RP Data auction market comments | Adelaide" width="580" height="388"></a>
In Canberra a clearance rate of 50.6% was recorded.
In Perth a clearance rate of 56.3% was recorded.
</body></html>

Auctions

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Auctions

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News