An entity linked to I&amp;D Group Founder Ivan Filipović has filed plans for a new residential development at 188–202 Swan Street in Cremorne, targeting a prominent site within the tightly held Swan Street activity corridor.

The proposal seeks to redevelop the consolidated Swan Street landholding into a <a href="https://www.apartments.com.au/new-apartments/188-202-swan-street-cremorne-vic-3121">high-density mixed-use project</a>, replacing a series of existing commercial buildings with a significantly scaled residential outcome. The planning submission positions the development as a response to increasing demand for housing in well-connected inner-urban locations, particularly within established activity centres.

Plans outline the construction of a 14-storey building delivering 165 apartments above a four-level basement, alongside a ground-floor retail and commercial offering designed to activate the streetscape. A key feature of the scheme is a new north–south pedestrian link connecting Swan Street to Railway Place, intended to “enhance permeability and provide an active, publicly accessible connection through the site.”

<img alt="First Look: Plans lodged for Ivan Filipović-linked Cremorne apartment project on Swan Street" data-entity-type="file" data-entity-uuid="7332a8f8-dd2b-483d-b86e-320658838c84" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/cremorne.png?VersionId=cXm8vAaRdHh.LpYVbecrRkjckgu9mtAF" />

The development will retain part of the existing built form at 198–200 Swan Street, while the remainder of the site will be cleared to accommodate the new structure. Basement levels will provide 196 car spaces and 113 bicycle spaces, with vehicle access from Railway Place. Communal amenity is distributed across the building, including a shared outdoor area on Level 1 and a rooftop terrace for residents.

Ground level uses include retail tenancies fronting Swan Street and the pedestrian link, a residential lobby, and a flexible commercial space positioned to support community-oriented uses. The planning report notes this space “could be offered as a flexible space within the development for community groups,” supporting short-term or longer-term occupancy arrangements.

<img alt="First Look: Plans lodged for Ivan Filipović-linked Cremorne apartment project on Swan Street" data-entity-type="file" data-entity-uuid="8208bf7b-cc67-485d-ad0f-1d73a74c907f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/cremorne%20lane.png?VersionId=69ctjC0txXv0zCHy7qQUpJyGwvPAT7gw" />

The site sits within the Swan Street Major Activity Centre, surrounded by a mix of retail, hospitality, and emerging residential development, and directly opposite tram services along Swan Street. East Richmond Station is located to the south, providing strong rail connectivity, while the broader Cremorne precinct continues to evolve as a mixed-use hub.

I&amp;D Group, founded by Ivan Filipović, is regarded as one of Victoria’s largest formwork contractors, partnering with major construction firms across large-scale public and private developments. The Swan Street proposal signals a move into development-backed opportunities tied to strategic inner-city sites.

Joel Robinson

First Look: Plans lodged for Cremorne apartment project on Swan Street

An ultra-luxury absolute beachfront tower on the Gold Coast’s <a href="https://www.apartments.com.au/developments/main-beach-qld-4217">Main Beach</a> has officially hit the market, having secured over $150 million in presales.

<a href="https://www.apartments.com.au/new-apartments/le-r-ve-main-beach-3555-main-beach-parade-main-beach-qld-4217">Le Rêve</a>, delivered by developer-builder <a href="https://www.apartments.com.au/developers/odus">ODUS</a> and <a href="https://www.apartments.com.au/builders/nazero">Nazero</a> in partnership with Metrics Credit Partners, comprises 40 opulent half and full-floor residences, perched directly on the dunes, starting from $7.45 million.

Pre-launch sales have achieved an average price tag of $8 million, highlighting strong demand from top-end buyers.

The 26-storey project at 3555 Main Beach Parade has development approval and is under construction, with completion anticipated by early 2028.

Occupying a 1,355 sqm site, Le Rêve enjoys double the beach frontage of most Main Beach towers, an incredible 30-metres, with generous 4.5-metre setbacks.

[smartcode_project:default project_id=112163 project_image_fid=357556]

ODUS director Byron Sakha said it offered a rare opportunity for wide, uninterrupted views that could never be built out, on one of the world’s most beautiful beaches.

“Le Rêve is French for ‘the dream’ and that’s what this location represents. We believe it is the best new development site anywhere on the Gold Coast; a dream site,” said Sakha.

“The apartments are located directly on the beachfront, with no roads or paths between, providing panoramic ocean views and direct access to the sand, and because it is elevated above the dunes, it also offers unrivalled privacy.

“We’ve worked with architect Bayden Goddard of <a href="https://www.apartments.com.au/architects/bgd-architects">BGD Architects</a> to enhance the original design, with a distinctive, elegant glass façade, world-class amenities, and the addition of eight residences. Le Rêve’s 30-metres of absolute beach frontage affords a view from virtually every room, and has allowed us to provide a grand 25-metre residents’ beachfront pool and private lawn.

“Buyers have recognised these opportunities are few and far between and have been quick to secure their place in Le Rêve.”

[smartcode_project:default project_id=112163 project_image_fid=357570]

The apartments start from nearly 300 sqm and range in size up to 900 sqm, with three or four bedrooms and multiple living spaces.

“The emphasis is on the view, with full-floor glazing, sleek glass balustrades and wrap-around balconies that are close to 4-metres wide, blurring the lines between inside and out, and inviting cooling ocean breezes,” Sakha added.

“The interiors epitomise understated luxury with natural materials, textures and tones including Taj Mahal stone, oak flooring, recessed LED lighting and high ceilings. Outside, its beautiful arched façade with glass balconies and double-storey curved podium will be complemented by lush, cascading landscaping that enhances Main Beach’s streetscape.”

[smartcode_project:default project_id=112163 project_image_fid=357567]

OTP Group Director James Elliott, who is selling&nbsp;<a href="https://www.apartments.com.au/new-apartments/le-r-ve-main-beach-3555-main-beach-parade-main-beach-qld-4217">Le Rêve</a>, said buyers were from the Gold Coast, Brisbane, Sydney and Melbourne, and predominately moving from luxury stand-alone homes or purchasing as a holiday home.

“We are anticipating sales will continue to ramp up now we’re officially on the market and design enhancements have been finalised,” Elliott said.

“Le Rêve offers house-sized residences that take luxury living to the next level, in an unrivalled location, with exceptional onsite resident amenities.

“The facilities are some of the most unique on the Gold Coast, if not Australia-wide, with a huge beachfront pool and wellness amenities including a cold plunge pool, spa, sauna, steam room, gym and yoga studio, along with a teppanyaki kitchen, and private residents’ lounge."

&nbsp;

&nbsp;

The Le Rêve development site was secured for $55.68 million in mid-2025.

ODUS and Nazero are also developing the adjacent 29-level La Mer tower in partnership with Metrics Credit Partners, which is earmarked for completion in late 2026. A fully completed prototype apartment is now available for private inspection.

[smartcode_project_cta:default project_id=112163]

Le Rêve Main Beach launches with $152 million in presales

Third.i Group and joint venture partner Phoenix Property Investors (PPI) have secured detailed design approval from the Independent Planning Commission (IPC) for <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate at Hume Place</a>,&nbsp;a landmark, state‑significant mixed-use residential development positioned directly above the Crows Nest Metro Station. 
&nbsp; 
This latest approval builds on the project’s existing stage one planning consent and marks a major milestone in the delivery of Elevate at Hume Place. It confirms the detailed design of the building within the already approved planning envelope, paving the way for construction to commence and giving purchasers and the broader market added confidence in the project’s progression. 
&nbsp; 
Throughout the detailed design process, <a href="https://www.apartments.com.au/developers/thirdi-group">Third.i Group</a> worked closely with the IPC, Sydney Metro, its consultant team and relevant Government stakeholders to refine the building outcome, ensuring Elevate responds sensitively to its urban context whilst at the same time maximises its development footprint above one of the NSW’s key pieces of transport infrastructure.&nbsp; 
&nbsp; 
This process has enabled the creation of some of the best one, two &amp; three bedroom apartments in Crow's Nest along with the introduction of an additional level of parking, providing the Elevate community with valuable off‑street parking while enhancing accessibility and convenience for residents.

[smartcode_project:default project_id=142550 project_image_fid=309368] 
&nbsp; 
Elevate at Hume Place is the first development of its kind to be delivered by Third.i Group and PPI in partnership with Sydney Metro, reflecting the group’s capability and trusted position as a delivery partner for complex, infrastructure‑led projects alongside Government. The Hume Place precinct will also include a component of affordable housing and build to rent (BTR) apartments which is currently pending a separate planning approval outcome. 
&nbsp; 
With direct access to the Sydney Metro, Elevate residents will benefit from travel times of just seven minutes to the CBD and four minutes to Chatswood, positioning the development as one of the most connected residential addresses on the Lower North Shore. 
&nbsp; 
The project will deliver 122 one-, two- and three-bedroom apartments, including a selection of premium three bedroom penthouses known as ‘Sky Homes’, designed by internationally acclaimed architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>. Residents will have access to a suite of amenities including a rooftop terrace with panoramic city views, swimming pool and wellness facilities, private gym, concierge services and communal spaces.

[smartcode_project:default project_id=142550 project_image_fid=309369] 
&nbsp; 
Florian Caillon, Partner &amp; Head of Acquisitions at Third.i Group, said the detailed design approval reinforces the significance of the project and Third.i Group’s ongoing partnership with Government. 
&nbsp; 
“Securing detailed design approval for Elevate at Hume Place is a defining moment for Third.i and a clear signal that this project is moving into its next phase of delivery," Caillon said. 
&nbsp; 
“This project sets a new benchmark for how integrated residential metro development can be delivered in direct alignment with major transport infrastructure. Being selected to deliver a project directly above a Metro station is a rare opportunity and a responsibility we take seriously. It allows us to create a living experience intrinsically connected to how people move, work and live, while also delivering enduring value for residents and the broader community.”

[smartcode_project_cta:default project_id=142550]

Elevate at Hume Place, above Crows Nest Metro, reaches detailed design milestone

Buyers looking to enter Sydney’s north-west growth corridor can now secure an apartment at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with a five per cent deposit for a limited time, as Stage 2 of the Tallawong development comes to market.

Delivered by <a href="https://www.apartments.com.au/developers/positive-investment-enterprise">Positive Investment Enterprise</a>, the project is located at 23–27 Schofields Road in Tallawong, offering a new collection of one, two and three-bedroom apartments within an established masterplanned community, where completed residences and landscaped spaces already shape a connected and liveable environment.

The limited-time deposit offer reduces the upfront cost for buyers seeking new apartments in Sydney’s expanding north-west, where infrastructure investment and population growth continue to reshape suburbs like <a href="https://www.apartments.com.au/developments/tallawong-nsw-2762">Tallawong</a> into emerging residential hubs.

[smartcode_project:default project_id=149637 project_image_fid=351025]

Inside the apartments, layouts have been designed with an emphasis on practicality and long-term liveability. Natural light and cross-ventilation are integrated into the planning of each residence, creating interiors that feel fresh and energy-efficient throughout the year. Soft, neutral finishes and durable materials are paired with contemporary kitchens that include integrated appliances and generous storage.

Bedrooms are positioned as quiet retreats, with the wider apartment layouts prioritising efficient use of space, flexibility for different household types, and strong indoor-outdoor connections through balconies and terraces. Wide frontage designs help maximise natural light and outlooks, with many north-facing homes capturing district views toward the Blue Mountains.

[smartcode_project:default project_id=149637 project_image_fid=351030]

Sustainability features are included throughout the development. Rooftop solar panels help offset common area energy consumption, while smart home technology and cross-flow ventilation contribute to lower operating costs and improved day-to-day comfort for residents.

The development also incorporates shared lifestyle spaces intended to extend living beyond the apartments themselves. Landscaped communal gardens, shaded seating areas, BBQ facilities, and outdoor gathering spaces provide places for residents to relax or connect with neighbours.

Tallawong Metro Station, Schofields Train Station and Rouse Hill Metro Station, place residents within reach of major employment centres including Norwest Business Park, Macquarie Park and the Sydney CBD via the Metro North West Line.

Nearby retail and lifestyle options include Rouse Hill Town Centre, Schofields Village and The Ponds Shopping Centre, while local parks, cycling trails and open space, including Rouse Hill Regional Park, support outdoor recreation across the growing precinct.

[smartcode_project:default project_id=149637 project_image_fid=351026]

Within the Kew community itself, plans for a future retail precinct aim to bring everyday convenience closer to home, complementing the landscaped open spaces and shared amenities planned across the site.

With Stage 2 now selling and apartments starting from $570,000, the current five per cent deposit offer provides buyers with a more accessible pathway into a new apartment in one of Sydney’s fastest-evolving residential corridors.

[smartcode_project_cta:default project_id=149637]

Kew Tallawong opens Stage 2 with five per cent deposit offer

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG) is heading back to Stones Corner with its latest Brisbane apartment development.

GVG, which completed Stonebrook last year, has filed plans for <a href="https://www.apartments.com.au/new-apartments/vivo-71-cleveland-street-greenslopes-qld-4120">VIVO, a 320-apartment development</a> less than 200 metres away on the corner of Cleveland and Zillah Streets.

VIVO will be delivered across two stages, with the first comprising 167 apartments and a further 153 in stage two. The first stage is expected to be completed in 2029, with the full project scheduled for delivery by 2032.

The development will include a mix of one-, two-, three- and four-bedroom apartments, above two ground-floor retail tenancies. VIVO will sit between the 5.2-hectare Hanlon Park and the Stones Corner café and retail precinct.

Crowning the buildings will be an expansive rooftop terrace with outdoor dining and CBD views, dual resort-style swimming pools, integrated indoor and outdoor entertaining spaces, and a fully equipped gym and wellness offering.

<img alt="Vivo" data-entity-type="file" data-entity-uuid="dcfd0ba2-cf9e-4bad-89f7-deab0169d897" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-23%20at%209.23.44%E2%80%AFAM.png?VersionId=3J4AqHZpDPnJsKvry1Lw6.8_IqdUVcny" />

Sam Gardner, Commercial Director at GVG, said the project reflects both market demand and the group’s continued investment in well-located Brisbane suburbs.

“VIVO represents a natural progression of our work in Stones Corner and our confidence in the long-term fundamentals of this precinct," Gardner says.

"The combination of proximity to the CBD, access to green space like Hanlon Park, and a well-established local amenity offering makes this an incredibly compelling location for buyers.

"Having recently delivered Stonebrook nearby in 2025, we’re able to provide a tangible example of what Gardner Vaughan Group does well. It gives our clients, the community and our partners confidence in both the quality of our product and our ability to deliver.”

<img alt="Vivo" data-entity-type="file" data-entity-uuid="8408faca-34a0-4fbb-864c-c75caa366f0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-23%20at%209.23.35%E2%80%AFAM.png?VersionId=48S5bvrbHMPPGT0EWAQDqhXX_mdsqL0y" />

Architecture firm Ellivo Architects says Vivo, meaning 'to live', "draws from the life of Stones Corner itself, its rich blend of old and new, where heritage masonry buildings, community life and evolving architectural languages coexist."

"The design responds to this layered urban fabric by reinterpreting the site’s historic ziggurat and stepped-grid geometries. The tower is shaped through three distinct tiers that reinterpret the site’s historic stepping forms, a central tier expressed in soft green tones that dissolve into the gum-tree canopy behind, stepped by denser, articulated edge tiers which reinforce the village character and urban grain of Stones Corner."

The submission of VIVO comes at a time of continued strength in the Brisbane property market, with growing demand for well-located, design-led apartment living. Looking ahead, Brisbane’s preparations for the 2032 Olympic and Paralympic Games are expected to further accelerate infrastructure investment and reinforce the appeal of inner-city precincts such as Stones Corner.

Gardner Vaughan Group plans VIVO, Stones Corner apartment development

Aussie John

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Aussie Home Loans founder John Symonds is selling Hansa, his super megayacht, with hopes to build a new one in the future.
He's asking around $160 million, which would be $60 million more than Australia's most expensive home, for the 73 metre vessel which was only delivered in 2017.
It has been reported on The Australian's Margin Call that there is heat in the market at the moment.
Symond's son Stephen has been recently using the boat, sailing from New York City out to The Hamptons.
<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/2019/8/6/Hansa%20Aussie%20John%203.jpg" alt="">
Hansa won award at last years World Superyacht Awards for her exterior lines, large jacuzzi and high-quality finish.
It was built by Dutch shipyard Royal van Lent.
The boat was a big reason as to why Aussie John was listening to offers for his Point Piper mega mansion, given plans he and wife Amber McDonald had to travel Europe on the water.
The listing, referred to as a 'her' in its marketing, is one of the most expensive this year.
<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/2019/8/6/Hansa%20Aussie%20John%205.jpg" alt="">
It features its own beach club, an eight metre infinity swimming pool, its own gym, hair salon, lift and 10 seat cinema on the main deck.
There's a lower deck wellness centre with a massage room.
<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/2019/8/6/Hansa%20Aussie%20John%202.jpg" alt="">
An elevator serves the lower, main and bridge decks. 
There are six cabins that sleep 12, with a catering crew of 21.
 <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/2019/8/6/Hansa%20Aussie%20John%204.jpg" alt="">
The owners suite, on the main deck, has his and hers bathrooms, separate dressing rooms, a lounge and a private study.
Its twin MTU diesel engine gives it a top speed of 16.6 knots, around 30 kilometres an hour.
The boat isn't the most expensive however on the market.
That gong goes to Secret, a 2013 built, 82.5 metre yacht built by German boat builders by Abeking &amp;<a class="C-17" href="http://abeking.com/" target="_blank"> </a>Rasmussen. It is currently on the market for nearly $200 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/6/Secret%20Yacht.jpg" alt="">
The opulence almost overtakes Symonds.
The interiors are designed by Jim Harris, with the exterior by the acclaimed yacht designer Sam Sorgiovanni.
The boat is owned by American businesswoman Nancy Walton Laurie an American heir to the Walmart fortune.
Walton Laurie has an estimated fortune of US$6.6 billion (AU$9.7 billion).
 <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/2019/8/6/Secret%20Yacht%202.jpg" alt="">
Harris was also responsible for the interior of Walton’s previous Feadship yacht.
Is is believed Walton bought the superyacht Jubilee.
Walton's sister Ann Kroenke, fellow heir to the Walmart fortune, owns the yacht Aquila.
None of the above mentioned boats come close to being the most expensive yacht ever, which is in the billions.
The History Supreme is worth $4.8 billion, given it is made from solid gold.
Some 10,000 kilograms of solid gold was used by renowned luxury yacht designer Stuart Hughes from the UK. The build of the fairly modest 30 metre yacht took three years.
It reportedly belongs to Malaysia's richest man Robert Knok.
The master bedroom has wall feature made from meteorite rock and a statue made from genuine Tyrannosaurus Rex bones.
It also features a 68 kg 24-carat gold Aquavista Panoramic Wall Aquarium and a liquor bottle featuring a rare 18.5 carat diamond. 
Russian billionaire Roman Abramovich, owner of English Premier League football club Chelsea, owns the $1.5 billion Eclipse, the second most expensive boat in the world.
He's regularly on the gigantic 170 metre yacht built by Blohm and Voss of Germany and designed by Terence Disdale. 
It has a mini submarine capable of submerging up to 50 metres underwater.
Abramovich is rarely photographed on the boat, namely due to the fact there's an anti-paparazzi shield which consists of lasers sweeping the surrounding areas.
Australian billionaire Brett Blundy recently offloaded his 74 metre Italian superyacht Cloud 9, according to Margin Call. 
 
 
 
 
 
 
 
 
 
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jrobinson-rf4aSBido9

Aussie John Symond lists superyacht Hasna for $160 million, eyeing a bigger future boat

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Aussie John Symond has listed a Double Bay retail property.
The <a href="https://www.domain.com.au/18-transvaal-avenue-double-bay-nsw-2028-2014933470">boutique shop and residence </a>has Maree Conley’s homewares outlet Conley &amp; Co.
It was bought by Symond in 2014 for $4.8 million.
The Alexander Tzannes-designed retail property was sold by the former Trent Nathan chief Shane Barr.
There is a $6.5 million to $7 million guide by Brad Caldwell-Eyles of 1st City Double Bay, who sold it last time.
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j.ballantyne1990-6AQqhLzZaK

Aussie John Symond lists Double Bay retail property

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When expatriate retired mortgage broker 'Aussie' John Symond and wife Amber finally return to their home, (pictured above) from London, they might find they have several new neighbours on the pricey Point Piper peninsula.
There is an application to turn Portofino, the adjacent $60 million luxury home, into a block of three flats by the little-known Chinese multi-millionaire stock trader Andy Wenlei Song.
Portofino (pictured below, centre) was the longtime three-level home of luxury car dealer and yachtsman Neville “Croaky” Crichton and his then fiancée — now wife — Nadi Hasandedic.
<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/2017/01/19/700_crichton2.jpg" alt="">
Crichton sold in 2016, just months before their lavish wedding, for $60.66 million, in what was the year’s top trophy home sale in Australia.
It required approval from the Foreign Investment Review Board, but seemingly no financing because there’s no registered mortgage on title.
In 2011, the six-bedroom Portofino was briefly rented by Microsoft co-founder Bill Gates and his wife Melanie, at $25,000 a week.
Solicitors Minter Ellison have been nominated as assisting in the conversion application. 
The property is one of only two waterfront homes on the rather steep and narrow Wingadal Place.
The timber Scots College Rowing Club boatshed sits on the shore between Portofino and Symond’s five-storey home.
The conversion proposal has been with Woollahra Council since this time last year, and the revised plans have only just gone out for public comment.
The initial Rob Mills Architects plans raised concerns at council regarding excessive building height, the documents show.
<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/2018/11/26/Aussie1.jpg" alt="">
The works are estimated to cost $7.28 million for the 1436 square metre waterfront parcel.
Crichton bought the property in 1994 for $5.9 million from helicopter pilot Bruce Rose and his wife, Pam, who held the only private helicopter landing rights in the eastern suburbs, which have now lapsed.
The New Zealand-born Crichton had commissioned Auckland-based architects Swan Railley Clapham &amp; Associates to design his Tuscan-style abode.
It is not known if the intention is to flip or hold, perhaps as a multi-generational family compound.
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

'Aussie' John Symond set for new Point Piper neighbours 

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<div id="story-description">
Labor’s negative gearing policy was a “hand grenade” that could tip Australia into recession, mortgage broking pioneer John Symond has warned. 
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“I don’t care whether it was Liberal, Labor or the Greens, if they come out with such a radical move that could tip the economy over, I’ll be outspoken,” Mr Symond told The Australian.
“I appreciate that they say they’ll grandfather existing investors, but the unintended consequences would be astronomical.
“I am concerned that it would do so much damage — unemployment, higher interest rates — it could tip us into recession.”
Mr Symond said grandfathering negative gearing would help first-home buyers get into the market.
But it would “hurt the vast majority of Australians” who already own a home because established property prices would fall.
“Every home through every street will be impacted.
"You’ll have tens of thousands of people in negative equity. Bank balance sheets will be whacked and so funding costs will be higher.
“Banks will lend less, banks will earn less, share prices will fall and it will impact superannuation fund returns,” he said.
“It will be a nuclear bomb.
"There will be very little incentive for people to get into property.”
 
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Aussie John Symond slams Labor negative gearing housing policy

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John Symond, the high-profile founder of Aussie Home Loans, is selling off some paintings set to fetch around $5 million or so from the Sotheby's sale.
Some were mentioned in a privately published book on his collection.
The 14 of Symond's surplus artworks top the line-up at <a href="https://www.sothebysaustralia.com.au/catalogue/AU0830" target="_blank">Sotheby's November 20 sale</a> including John Brack's Pantomime (above).
Pantomime has a presale estimate of $500,000 to $700,000. It last publicly sold at auction for $282,000, including premium, in December 2003.
Jeffrey Smart's 1965 Piazza D'Esedra has a presale estimate is $300,000 to $400,000, compared with the $135,250 the picture last fetched at Sotheby's in November 2003
He wants nothing in storage, following a rationalisation of what has always been a relatively disciplined collection.
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firstname1-iYD4UYzvBa

John Symond moves to sell some artwork

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Aussie John Symond's former Pymble trophy home Barkstone has been relisted for sale.
The luxury Telegraph Road home was owned by Symond in the late 1980s. He renovated the 1900s Federation and sold it for $3.25 million in 1992.
It last traded for $5.36 million when bought by the Wu family.
The six bedroom home features high patterned ceilings, stained glass windows, fireplaces and return verandas.
There's a grand entry foyer, sitting room, separate banquet dining room, library and a billiards room.
It's set on 4,000 sqm that includes a tennis court, swimming pool and self-contained house-keepers accomodation, separate from the house.
Chana Scotcher and Christine Tedja have the listing.
Telegraph Road was originally called Military Road, but was renamed in 1883 after a telegraph line was erected.
Aussie John is based in Point Piper at his opulent Windagal Place home, once dubbed Aussie Stadium.
Earlier this year it was marketed in China with price hopes of over $100 million.
Earlier this year he sold his Point Piper penthouse to Angela Teplisky, estranged wife of property developer Michael Teplisky, for around $13 million.
The sale has stalled however after a caveat was lodged six months ago.
The two-storey penthouse cost Symond $8.16 million when he bought from jailed fraudster Nati Stoliar in 2010.
This article first appeared in the Sunday Telegraph.
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Aussie John

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Developments

New apartments

New townhouses

News