Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

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The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

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ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

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“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

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Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

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Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

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“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

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Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

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Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

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“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

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The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

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This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

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640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

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“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

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The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

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Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

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The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Beach House

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A luxurious three bedroom house in Tweed Heads West went to auction on February 2. 
Situated at <a href="https://www.realestate.com.au/property-house-nsw-tweed+heads+west-132721130" target="_blank">28 Wyuna Road</a>, the home was unsuccessful at auction and is now listed for $3.2 million. 
This home's many features include a Bose sound system, boat shed, poolside deck, aquarium, outdoor shower, and its unobstructed view. 
<div id="attachment_551404" class="wp-caption alignnone">
<img class="size-full wp-image-551404" src="https://www.realestate.com.au/blog/images/1280x720-fit,progressive/2020/01/19040014/capi_8e91803d1b5552fef5a6a9104843b1f1_6f64a10b3f96dfee3a02b3453bc3b707.jpeg" alt="" width="623" height="350" data-capiid="6f64a10b3f96dfee3a02b3453bc3b707"> </div>
Vendor Jade Golar knocked down the original residence to make way for his dream house.
He said he had a clear vision from the start but conceded the house turned out better than expected.
“I wanted a cross between a beach home and a Hamptons home and wanted elements of those two styles tied together,” he said.
“The house is designed around entertaining, cooking, pool days, boating, wakeboarding and fishing. 
<div id="attachment_551407" class="wp-caption alignnone"><img class="size-full wp-image-551408" src="https://www.realestate.com.au/blog/images/1280x720-fit,progressive/2020/01/19040029/capi_8e91803d1b5552fef5a6a9104843b1f1_48e8263c9eb8db7466ad56e8a1dbe050.jpeg" alt="" width="628" height="353" data-capiid="48e8263c9eb8db7466ad56e8a1dbe050"></div>
The residence features traditional Hamptons styling including crisp white paint, weatherboard cladding, plantation shutters and natural light.
The two-level home offers plenty of different living areas – the ground floor, including a bar and wine cellar, opens via bi-fold doors to the sparkling pool and Terranora Creek while the second level, including a saltwater aquarium and open-plan kitchen, dining and living area, opens to a deck overlooking the pool. 
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Hamptons style home in Tweed Heads West unsuccessful at auction

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McGrath had a scheduled <a href="https://www.realestate.com.au/property-house-nsw-umina+beach-130068382" target="_blank">Umina Beach auction</a> last weekend.
There was a price guide of between $750,000 and $825,000.
It is now for sale with the same price guide.
The Umina Beach home sparked summer interest appearing on the realestate.com.au report as the second most popular searched auction property in Australia.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
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The newly renovated property at <a href="https://www.realestate.com.au/property-house-nsw-umina+beach-130068382">97 Greenhaven Drive </a>when the vendors purchased the four-bedroom property as an original 1970s red brick home.
Most of the limited weekend auction stock was at coastal localities around Australia.
Through in Brisbane, a Carseldine home - marketed as "make no mistake, this property WILL be SOLD" - was passed in at $750,000.
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<img src="https://www.urban.com.au/images/2019/1/14/Unima%20drive%202.JPG" alt="">
The <a href="https://www.realestate.com.au/property-house-qld-carseldine-130091778" target="_blank">51 Dannenberg Street</a> homes (pictured above) attracted two bidders for it's 700 sqm.
The five bedroom, four bathroom home last sold at $275,000 in 2006.
This weekend sees a home close to the surf at Peregian Beach for auction.
Agent Kerry Glover of North Shore Realty described Lorikeet Drive as arguably one of Peregian’s most prestigious addresses.
It was being offered as perfect for renovation.
There is also an investment block in Mission Beach.
The 21-23 Porter Promenade offering consists of four apartments made up of two titles listed through Dick Williams of Ray White Mission Beach.
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Coastal auctions dominate limited January weekend offerings

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A second Boomerang Beach, beach house settled recently on oceanfront reserve which were offered by Paul and Denis Hallot.
The double-title and double-house combo was bought by Paul Hallot and his twin brother Denis on Angela Place in 1999 for $425,000.
They built neighbouring luxury houses on site.
Paul Hallot had hopes of $2 million for the beachfront properties, as he had recently bought another property in the nearby hinterland of Minimbah and built a luxury home on it.
Both of the properties sold for $2.3 million, the first in late 2017 and the second only recently.
Christie’s International’s Darren Curtis and Pacific Palms’ Dominique Vasers listed and sold the properties.
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Two Boomerang Beach homes sold

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Nicholas Condon, former managing director of advertising agency DDB, and his interior designer wife Kate Beadle have snappily sold their Portsea property.
They had initial $3.65 million expectations for the Duffy Street beach home built in 2016, after the couple paid $1,105,000 two years earlier.
Blending classic beach house with 21st century refinement, the quintessential Morninington Peninsula holiday home has four bedrooms, three bathrooms and a swimming pool.
Kay &amp; Burton agent Liz Jensen handled the marketing. The three interested buyers, with two on speaker phones in the late post-auction afternoon negotiations, saw it sell at $3.5 million plus.
Condon stepped downs ad DDB's managing director in 2013 to partner with Kate to develop property.
Last year they transformed an Armadale home which sold for $900,000 over reserve.
The five bedroom house sold for $5,925,000, three years after the couple paid $2,022,000 for what was then a Federation-era period home.
 This article was first published in the Weekend Australian.
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Designer couple sell Portsea property

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Nicholas Condon, former managing director of advertising agency DDB, and his interior designer wife Kate Beadle are selling their Portsea property.
The <a href="https://www.realestate.com.au/property-house-vic-portsea-128112150" target="_blank">Duffy Street beach home</a> blends classic beach house design with 21st century refinement.
 <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/2018/5/24/duffy2.jpg" alt="">
The quintessential Portsea holiday home they built in 2016 has four bedrooms, three bathrooms and a swimming pool.
It cost the couple $1,105,000 in 2014.
Kay &amp; Burton agent Liz Jensen has a $3.4 million to $3.65 million guide for its June 10 auction.
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Quintessential Portsea holiday home listed by designer couple

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Just two days before the selling season turned to summer, Sydney's most expensive one bedroom beach house sold at Palm Beach.
The Modern House agency had a $1.55 million asking price on the highly contemporary offering which was actually built in the late 1990s.
All up it measures a modest 85 square metre internal space, plus there's an additional 80 square metres of external deck and terracing.
It was custom designed for photographer Greg Barrett by Furio Valich at Gordon + Valich Architects, in partnership with Belinda Koopman Architects in its bushland Cynthea Road location.
The house was the winner of the RAIA Merit Award for Housing in 1999 with its Sydney School architectural influences obvious given the use of the site's plentiful sandstone and angophora.
The one bedroom house is made up of a main, open living and dining space on the ground floor and a small upper floor bedroom.
"Belinda and Jim Koopman’s design succeeds on all counts," said the selling agent Marcus Lloyd-Jones at Modern House.
Barrett paid $300,000 in 1990 for the land.
Sydney's highest known one bedroom apartment sale was secured by the fishing guru Rex Hunt who sold his 75 sq m Macquarie Street, Quay Grand apartment for $2.05 million earlier this year.
Architect Domenic Alvaro’s strikingly narrow, five storey Surry Hills house sold for $1.88 million in 2014, ranking still as Sydney's priciest custom built one bedder.
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Priciest one bedroom beach house sold for record price

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The former champion tennis player Rachel McQuillan and husband Stuart Kelly have sold their luxury Dudley home, Dudley Bluff, for $3.5 million.
Nestled on 4120 sqm on a headland with unrivalled views over the beach, the five bedroom, three bathroom home offers 520 sqm of living space.
Outside <a href="https://www.robinsonproperty.com.au/2-bombala-street-dudley-nsw-2290-3064814/" target="_blank">the home</a> there's an in-ground solar heated pool, sauna, floodlit championship tennis court and expansive entertaining areas.
Ben Robinson at Robinson Property secured the sale for the Newcastle district couple who had paid $3.2 million in 2008.
McQuillan reached career high rankings of number 28 in singles and number 15 in doubles during her career.
This article was first published in the Saturday Daily Telegraph.
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Tennis star Rachel McQuillan sells Dudley Bluff beach house

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Reverie, a private oasis overlooking Logans Beach, near Warrnambool has been sold.
It came after being offered with a revised $1.8 million asking price by Sergio Masini and wife, Kerri.
The home curves in a gentle arc with the 34-metre-long glass facade fronting the ocean, offering ocean views from almost every room.
It was built by the children's author Paul Jennings and his then wife, Clair overlooking a whale nursery.
Last traded for $1.35 million in 2010, the 4.8 hectare Hopkins Road holding comes with a private cave, rock pool, and sandy beach.
It was listed through Penny and Nick Adamson of Charles Stewart Warrnambool.
This article was first published in the Weekend Australian Mansion Australia property section.
 
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Riverie, Warrnambool trophy home sold

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Pete Murray, the singer-songwriter, has sold his Byron Bay home, the Blue Sky Beach House, with plans to head back to the hinterland.
<a href="https://www.realestate.com.au/property/73-alcorn-st-suffolk-park-nsw-2481" target="_blank">His Suffolk Park abode</a> fetched $2.205 million, having been bought in 2007 at $1.5 million. It had a $2.35 million asking price through ReMax agent Lainie Towner.
Set on 734 sqm, the beach house has four bedrooms, two bathrooms and a large balcony with outdoor entertaining area. 
Murray, who is fresh off acoustic performances in the Maldives, previously lived at Eureka, where he and former wife, Amanda Coutts bought Carawatha, the district's original farm house surrounded by 100 year old Norfolk pine trees for $1.1 million in 2006 from the interior designer Kate Platt.
His third album, Summer at Eureka, was released in 2008, becoming his third consecutive #1 album on the ARIA charts. The study in the 1907 property featured on the cover of the album. 
Murray opened his own restaurant in Byron Bay in 2013 called Frankie Brown Cafe, named after his pet Kelpie.
This article was first published in the Saturday Daily Telegraph.
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Pete Murray sells his Byron Bay home

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A Rosebud beach house sold at weekend auction for $505,500.
The weekend sale was <a href="https://www.realestate.com.au/property-house-vic-rosebud-123171414">2 Spray Street, Rosebud</a> (above). Shane Fox at Ray White sold it. 
The two storey three bedroom had fetched $390,000 in 2014.
Property Observer went looking for five more than could be bought at less than half a million on Victoria's Mornington Peninsula.
Another in Rosebud is available, with YPA Estate Agents agent Chris Fahl asking between $440,000 and $480,000 for a three bedroom, one bathroom home.
Last traded for just $72,000 in 1997, <a href="https://www.realestate.com.au/property-house-vic-rosebud-123148958" target="_blank">12 Kennington Road</a> (below) in Rosebud is set on 679 sqm and a short walk to Port Phillip Bay.
<img src="/images/2016/08/26/500_beach1.jpg" alt="">
A beach house at<a href="https://www.realestate.com.au/property-house-vic-rosebud+west-123404694" target="_blank"> 9 Swans Way</a> (below) in Rosebud West is on the market for $430,000 with Basso Real Estate agent Paul Basso, having last sold for $295,000 in 2010.
<img src="/images/2016/08/26/beach2.jpg" alt="">
The renovated three bedroom investment property was bringing in $330 a week, which would show a rental yield of 3.99 percent for the new buyer.
YPA Estate Agents Sheree Hay is asking for offers between $430,000 and $470,000 for <a href="https://www.realestate.com.au/property-house-vic-rye-123225954">1 Hackworth Road</a> (below) in Rye.
<img src="/images/2016/08/26/rye.jpg" alt="">
It's a three bedroom, one bathroom home on a corner allotment with a wood fire pizza oven in the back yard.
It last traded for $286,000 in 2008.
Just touching the $500,000 barrier is this three bedroom, single level home in Safety Beach, which only traded last year for $350,000.
The property at <a href="https://www.realestate.com.au/property-unit-vic-safety+beach-123434298" target="_blank">38/113 Country Club Drive</a> (below) is priced at $499,000 through YPA Estate Agents Ben Nutbean and Jade Springer.
<img src="/images/2016/08/26/country.jpg" alt="">
Back to Rosebud, where Darren Sadler at Eview Property Group wants offers over $475,000 for <a href="https://www.realestate.com.au/property-house-vic-rosebud-123189394">28 Sunningdale Road </a>(below)<a href="https://www.realestate.com.au/property-house-vic-rosebud-123189394">.</a>
<img src="/images/2016/08/26/rose1.jpg" alt="">
Last sold in 2010 for $375,000, the three bedroom, two bathroom renovated family home offers an open plan living area with large back yard. 
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