South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

Balmoral

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The Vocation founder and former executive Brett Whitford has sold his Balmoral home.

He was seeking $20 million plus for the home which cost $16 million in 2015 after a 2015 exchange.

It was listed as he intends spending more time at his 57-hectare Angus cattle farm at Jamberoo.

The Balmoral cliff top trophy home had been the home of the recruitment industry pioneer Geoff Morgan and his wife, Roslyn.

The Morgan house had been substantially renovated, while still retaining its 1930s Mediterranean-style.

There are views of Grotto Point, Castle Rock Beach, Clontarf and the rest of the Middle Harbour beauty points along with national park headlands.

The co-founder of recruitment giant Morgan &amp; Banks bought his north-facing 1,100 square metre property in 2004 for $5.25 million.

The five-bedroom, six bathroom house with a gym and pool was sold through local agent Michael Coombs for Whitford who is now the Glenburn Private Capital chairman.

It will likely be the second highest sale this year in Mosman, which has seen some $1.4 billion in sales, according to Domain.

The year was topped by the $22 million sale in February of the Adamo family mansion to Mengyao Ling on Ruby Street.

The third highest sale was $20 million when an Alex Popov-designed residence was sold by the childcare mogul Brendan McAssey to shopping centre estate agent Simon Rooney and his wife Kristen.
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It will likely be the second highest sale this year in Mosman, which has seen some $1.4 billion in sales.

jchancellor

Vocation founder Brett Whitford sells Balmoral home

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The Balmoral Slopes home of Richard and Jane Freudenstein, listed with a price guide of $23 million to $25 million, fetched $23,733,800 to a Chinese-born Australian buyer.
The seven bedroom home sits on 1650 square metres complete with views across Middle Harbour towards Sydney Heads.
Ray White Lower North Shore agent Geoff Smith had the listing of the property at 1-3 Burran Avenue which sold to Wilson Hui Xiong Xue, the self-described shoe king of China.
“In China, people call me the ‘shoe king’ as more than 1,000 people work for me and we export millions of shoes around the world,” Xue said in a 2011 interview.
Wilson started Fu Qing Feng Sheng Shoes Co Ltd in 1993 and has pursued business in footwear wholesale and retail in Australia from 1997 with 25 retail outlets in NSW and Victoria.
Wilson also has interests in mining, forestry, solar power and resort hotels. He has gold interests in Papua New Guinea and solar power stations in Tonga.
In Australia he is associated with Pilot Energy Limited, an ASX-listed company (ASX:PGY) that is rapidly creating and developing a portfolio of high quality conventional oil and gas assets.
He has been non executive chairman of Pilot Energy Limited since 2016.
Infact he describes himself as an entrepreneur and businessman with 25 years of senior management experience.
"He has an impressive record of establishing and growing new businesses across a breadth of industries.
"In addition to Mr Xue’s business acumen, his extensive international contacts will benefit the company as it implements its growth strategy."
Earlier this month the company agreed to a placement of new ordinary shares at an issue price of $0.03 per share, which was 48 percent higher than the Company’s current share price.
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<div>
<div>
The placement will inject almost $477,000 into the company, enabling it to fund working capital and exploration activities to support future drilling.
Wilson is the honorary president of the Australia Council for the Promotion of Peaceful Reunification of China and the honorary president of the Australian Fuqing Association.
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</div>
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Richard Freudenstein and wife Jane, plus their three daughters, lived in Burran Avenue, Mosman for almost 12 years.
Eight cars can be parked under the tennis court.
“For us it is a downsizing exercise as we now only have one daughter at home,” said Freudenstein, who sits on the REA Group board and is a former CEO of Foxtel and The Australian newspaper.
The Freudensteins aren't planning to move far, spending $11 million in Mosman.
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firstname1-iYD4UYzvBa

Chinese buyer pays $23,733,800 for Balmoral home of Richard Freudenstein

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Good Price Pharmacy co-founders Anthony Yap and wife Hanh My Luu have listed Wandana, their luxury Balmoral home. 
Wandana, translated to 'see far away' in reference to its postcard views of the Brisbane CBD, cost the couple $4,028,888 in 2014.
Set high on the Wentworth Parade hilltop, the architect-designed home was constructed using suspended concrete slab and portal steel.
It has six bedrooms, five bathrooms, a library, home office, two master suites, media room and a swimming pool beside one of the terraces.
A lift services the three levels, down to the below-ground five car garage, 300 bottle wine cellar and sauna.
Place Bulimba agent Sarah Hackett has an August 4 auction.
The couple were just 23 when they founded Good Price Pharmacy in 2001.
They opened the first pharmacy using $50,000 in life savings. Now Good Price has over 40 stores in six states and an annual turnover in excess of $200 million.
Place Bulimba agent Sarah Hackett has an August 4 auction.
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Pharmacy founders list luxury Balmoral, Brisbane home

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Dean Semler, the Oscar winning cinematographer, and Annie, his actor wife, have listed in Balmoral.
They bought the Sante Fe style home in 1980 for $140,000, now with a part ownership by the daughter Ingrid.
<a href="https://www.realestate.com.au/property-house-nsw-mosman-126855954" target="_blank">There are $3 million to $3.3 million hopes</a> for the Botanic Road home through Adam Vernon at Vernon Partners. It comes with pedestrian access only. 
Semler, who has worked on more than 70 feature films, won a 1991 Oscar for the Kevin Costner film Dances with Wolves.
He has been the cinematographer for Mad Max 2, Bodyline, Nutty Professor II, Deadcalm and The Longest Yard.
The home away from home for the South Australian has been on the Pacific Palisades in Los Angeles.
This article first appeared in The Daily Telegraph.
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Oscar winner Dean Semler lists in Balmoral

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West Coast Eagles midfielder Jack Redden has sold his Brisbane base following his move to Perth with wife Aymee in 2015.
Redden listed it earlier this month and it sold after the first inspection for $1,225,000. 
The <a href="https://www.realestate.com.au/sold/property-house-qld-balmoral-118316659" target="_blank">Balmoral property</a> was acting as an investment after the couple moved, renting at $1,250 a week.
The couple paid $1,027,500 for the four bedroom home in 2013 before adding a deck extension and an in-ground swimming pool.
They were set to update the ground floor until Redden was traded to the West Coast from the Brisbane Lions.
The 26 year old played 129 games for the Queensland club before requesting a trade at the end of the 2015 season. He played another 15 games for the Eagles last year.
Set on 607 square metres and surrounded by established landscaped gardens, the two storey home also comprises two bathrooms and a rumpus room.
Ray White New Farm’s Karla Lynch sold the home.
Redden has a tenant for his Bulimba home for rent at $680 a week. The three bedroom home cost $640,000 in 2010.
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West Coast midfielder's former Balmoral, Brisbane nest sells for $1,225,000

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West Coast Eagles midfielder and former Brisbane Lion Jack Redden and partner Aymee have listed their Balmoral home.
It had previously been a $1,250 a week rental following Reddens trade to the West Coast Eagles last year.
The couple paid $1,027,500 for <a href="https://www.realestate.com.au/property-house-qld-balmoral-118316659" target="_blank">the four bedroom home</a> in 2013 before adding a deck extension and an in-ground swimming pool.
They were set to update the ground floor until Redden was called to the West Coast.
Set on 607 sqm and surrounded by established landscaped gardens, the two storey home also comprises two bathrooms and a rumpus room.
Redden has a tenant for his Bulimba home for rent at $680 a week. The three bedroom home cost $640,000 in 2010.
Ray White New Farm's Karla Lynch has the listing.
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Former Brisbane Lion Jack Redden lists in Balmoral

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Ex-Societe Generale CEO John Harvey has sold his Balmoral mansion reportedly for around $12.5 million after a three-month campaign through McGrath agent Michael Coombs.
<a href="https://www.realestate.com.au/property/13-balmoral-ave-mosman-nsw-2088" target="_blank">It was a new-build</a> by award winning Sanctum Design and crafted by award winning Mudgecorp Constructions.
Offering over 800sqm of luxury living space, the home has five bedrooms, five bathrooms and a swimming pool
There's a 140 sqm terrace with fire pit and outdoor kitchen.
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It likely ranks as the second most expensive Mosman home sold in 2016, after retired Merrill Lynch and Commonwealth Bank executive Doug Dovey and his wife Debra's sale. Their nearby Burran Avenue home fetched $12.8 million in March. 
The former Australian chief executive of French investment bank Society Generale paid $3.25 million for the property in 2005 and built the new home from scratch on the 988 sqm parcel.
 
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jchancellor-FAypfDUnLy

Balmoral trophy home sale for John Harvey

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The Charter Hall co-founder Andre Biet and wife, art enthusiast Teresa have listed their Balmoral slopes home.
The couple bought the property for $3.2 million in 2005 and completely renovated the home.
The new homes design was created around two pavilions which are divided by a private greenway and link with the swimming pool.
There are walls of retractable glass on three sides which open to views of Middle Harbour.
Set on 510 sqm, the property features numerous alfresco dining areas, a boardwalk, steam room and fully equipped home theatre.
Belle Property agents Tim Foote and Brad Rogan have a<a href="https://www.realestate.com.au/property-house-nsw-mosman-122167246" target="_blank"> price guide of between $11 million and $12 million</a>.
Art can be found on nearly every wall in the property.
The couple founded Art Incubator together, a support program for young emerging Australian artists.
Upon the sale of Charter Hall Andre retired however he was convinced by former colleague James Marshall to join him in the property game at his new firm Marprop.
The Superba Parade home has been listed through Belle Property agents Tim Foote and Brad Rogan and has a price guide of between $11 million and $12 million. 
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jrobinson-rf4aSBido9

Andre Biet lists Balmoral beauty

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The Waterhouse racing clan have undertaken an internal shuffle of ownership of one of their Balmoral Beach luxury apartments.
Louise Raedler-Waterhouse has ended up with young bookie Tom Waterhouse's redundant duplex apartment.
The paperwork will show his aunt paying $4.38 million for The Esplanade apartment, which was acquired for $3.51 million in 2008.
Tom, of course, spent $13 million last year on his beachfront Balmoral residence with wife Hoda, following their first child daughter Rose in 2013. 
The Australian head of William Hill's operation, who has long loved the Balmoral promenade, is the fourth generation of Australia's most famous bookmaking family.
This article first appeared in The Saturday Daily Telegraph.
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