For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Beachfront

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A six bedroom, 40 square, modern home at Currumbin has been sold having $4.5 million hopes.
It was marketed as offering the very best of beachfront living situated on the preferred <a href="https://www.realestate.com.au/property-house-qld-currumbin-127222894" target="_blank">southern end of Currumbin Beach.</a>
It was set within a very short stroll of the patrolled swimming beach, cafes and boutique shopping, and surfing at The Alley, Currumbin Realty advised.
<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/2018/1/8/curr2.jpg" alt="">
The 557 sqm block last traded at $2.25 million in 2006.
It has been a holiday rental, with a minimum stay of three nights since its 2015 construction.
Off peak rates fetch $750 a night, while in peak season it fetches up to $1,200 a night.
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Pacific Parade, Currumbin trophy home sold at $4.5 million

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Whispers around the neighbourhood suggest fashionista Nick Kelly, co-founder of Industrie clothing, and his former wife and business partner Susan Kelly, are set to list their matrimonial home in Vaucluse.
It is a Graham Jahn-designed waterfront on Kutti Beach, one of just the seven beachfront houses in the scenic location with postcard perfect images across Sydney Harbour.
They paid $19 million for the home in 2013 (above).
Nick Kelly recently bought the Centennial Park home of TV veteran David Leckie and wife Skye.
The Kelly purchase marked a return to the south of Oxford Street precinct.
The Kelly's had owned a Paddington double terrace on Stewart Street which was caught up in the landmark court case when actor Toni Collette decided not to proceed with her $6.35 million purchase in 2011.
This article was first published in the Saturday Daily Telegraph.
 
 
 
 
 
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Fashionista Nick Kelly set to list Kutti Beach, Vaucluse waterfront

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Two beachfront blocks of land in Whitsundays have been put on the market through Burgess Rawson. 
‘The Beaches’ is a beachfront block on the white sands of Funnel Bay at <a href="https://www.burgessrawson.com.au/buying/QLD/Mackay-and-Whitsundays/Airlie-Beach/Development/4P0347/2#.WX6wT9OGP-Y" target="_blank">Airlie Beach</a>. It is being touted as the “last absolute beachfront opportunity”.
The land comprises 10 blocks that will have access to the tropical, palm-studded beachfront enclave. It is close to Airlie Beach.
‘The Waikiki’ at Funnel Bay off Langford Road, is a house and land package designed for dual occupancy. 
It combines a three-bedroom beach house and a one-bedroom studio apartment on a single 1,363 sqm block plus 1,498 sqm of exclusive beachfront area.
According to its description, it will offer guaranteed net income of $40,000 p.a. for two years and will have a holiday apartment for personal use.
The sites are being offered through an expressions of interest campaign ending August 17 
The listing agents are Glenn Conridge, Michael Gilbert and Nick Breheny of Burgess Rawson.
<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/2017/07/31/TheBeaches2.jpg" alt="">
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Beachfront sites near Whitsundays on the market

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The Scali family have $7 million-plus price hopes for their beachfront property at Palm Beach.
The 560-square-metre block of land is on Snapperman Beach overlooking Pittwater.
The Iluka Road property was bought by Nick Scali in 2013 for $4.43 million from property developer Denis O’Neil.
The Scalis had previously paid $7.5 million for the O’Neil’s designer residence next door, a seven-bedroom residence designed by architect Walter Barda.
David Edwards, of LJ Hooker Palm Beach, has set a guide of $7 million to $7.5 million ahead of its May 18 auction.
Ilk Road's last sale was $9.2 million late last year for the beachfront house bought by restaurant entrepreneur John Szangolies and his wife Heather.
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Scali family list Palm Beach weekender

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A beachfront boat shed at Indented Head has been sold for $116,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-indented+head-124592498" target="_blank">Boat Shed No. 11 Indented Head Foreshore</a>, the property is a few steps from Half Moon Bay’s sandy white beach.
It offers direct access to Port Phillip Bay’s waters with a views of the Melbourne CBD skyline.
<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/2017/03/29/Boat%20shed-2.jpg" alt="">
Recently the boat shed had been renovated in heritage colours.
It has a myriad of water-based activities on its doorsteps including boating, fishing and snorkelling.
The property was offered through Neville Richards Real Estate agents Luke Campbell and Trevor McManus
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Beachfront Indented Head boat shed sold for $116,000

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Executive car industry identity Lynton Rose secured $3 million plus for his full-floor apartment Surfers Paradise apartment.
The owner of Motorline BMW and Bruce Lynton BMW sold through Tolemy Stevens of Harcourt Coastal.
Set in the Surfers Manhattan the apartment in the residents-only beachfront building fetched $3.05 million.
Rose still owns a apartment in the same building which comes with 360-degree views which take in the ocean, river, hinterland and Gold Coast skyline.
Rose has held the apartment since 1993. 
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Surfers Manhattan, Surfers Paradise sale by car dealer

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Young tech startup richlister David Greiner and wife Renee have spent $2 million extending their Mollymook holiday home holding.
The Sutherland Shire based couple secured the <a href="https://www.realestate.com.au/property/86-mitchell-pde-mollymook-beach-nsw-2539" target="_blank">three bedroom home</a> on Mollymook beach in an off-market deal.
The pair have quickly gained approval to build a tennis court.
It now completes four adjoining properties down in Mollymook for the tech whizz, who has spent a combined $5,785,000.
Greiner and best friend Ben Richardson started a web consultancy business in 1999 while studying at the University of Wollongong.
Five years later it turned into Campaign Monitor, billed as the next Atlasssian when they shot to prominence in 2014 selling a $348 million stake to US venture capital firms.
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Tech startup guy David Greiner buys at Mollymook

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A classic beach house on the Sunshine Coast has been snapped up by a local buyer for $4 million.
The 3 Wilson Avenue property at Caloundra’s Dicky Beach comprises four bedrooms and is set on a 1,249 sqm site over two adjoining lots. It was sold after 33 years of ownership.
The elevated position combines sweeping views north to Point Cartwright and south to Moffat Beach with beachfront access.
The marketing campaign was conducted by Peter Neale of Savills Residential.
<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/2017/02/28/3%20Wilson%20Ave%2002.jpg" alt="" style="font-size: 12.16px;">
Neale said Wilson Avenue at Dicky Beach is among the most tightly held of all beachfront addresses on the Sunshine Coast.
“These types of properties just don’t come to market very often,” he said.
“The established beach house provides a relaxed setting to enjoy the prime beachfront location and lifestyle with four bedrooms, three bathrooms, two living areas and an expansive deck running along the back of the house to enjoy the amazing ocean views and sea breezes,” he said.
<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/2017/02/28/3%20Wilson%20Ave%20Aerial.jpg" alt="">
 
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Sunshine Coast beachfront property nets $4 million sale

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An imposing home at Mount Martha set in vast resort inspired grounds has been sold.
The six bedroom, five bathroom, two-storey <a href="https://www.realestate.com.au/sold/property-house-vic-mount+martha-124013838" target="_blank">2006 Graeme Jones designed residence</a> is set on 4350 square metres.
No price has been revealed by Kay &amp; Burton, but is is understood to have sold for close to $5 million.
Its vista takes in Dromana to The Heads, across the You Yangs to the city skyline from the iconic Esplanade setting.
<img src="/images/2016/12/19/Mount%20Martha-2.jpg" alt="">
The grounds come with a mod grass north-south tennis court, heated swimming pool, fire pit, putting green and practice holes, and a brand new all-season entertaining pavilion with a cook and dine teppanyaki kitchen.
Pizza oven, barbecue, dishwasher, Vintec wine fridge and radiant heaters with protective motorised cafe blinds and even an LED Smart TV are included.
<img src="/images/2016/12/19/Mount%20Martha-3.jpg" alt="">
There is also a flourishing orchard and citrus grove.
It comes with entry via Deakin Drive, minutes from Mount Martha village on the Mornington Peninsula.
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Iconic clifffront property at Mount Martha sold

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A beachfront home in Bilgola on Sydney's Northern Beaches has won Lifestyle’s property series I Own Australia’s Best Home. 
The Surf’s Up Stone House has oceanfront views, a glass pool and even a basement nightclub.
Lorica and Andrew Clarke bought the original 70’s stone and timber cottage 20 years ago and has undergone renovations lasting two years.
Lorica attended the  event with her architect and said she was ecstatic.
“For our home to be so warmly received by the judges and the viewers is wonderful," she said.
"Our architect Nanna Lesiuk did a masterful job, giving our home its beauty and aesthetic, and it gives me great joy to see this work be recognised.
"The charity that we have chosen to donate the $30,000 prize money is The Kids Cancer Centre, Sydney Children’s Hospital in Randwick as this charity holds a special place in our hearts.” 
Interior designer Tim Leveson said Lorica and Andrew’s Surf’s Up Stone House is the quintessential Australian dream home, with the essence of the property being about fun and family.
<img src="/images/2016/12/01/700_home_Cast.jpg" alt="">
Interior designers Gillian Khaw and Tim Leveson, and architect Nick Tobias were joined by guest judges, interiors expert Neale Whitaker, designer Collette Dinnigan and real estate guru Andrew Winter to discuss which of the properties, voted by the Australian public, should be deemed the best home.
For more information, <a href="https://www.lifestyle.com.au/tv/i-own-australias-best-home/" target="_blank">click here</a>.
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