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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The entreprenurial former sports promoter and administrator Ken Elphick has lost possession of his four bedroom Cronulla abode.
The luxury beachfront on Gunnamatta Bay has been listed for November 26 auction through Mark Wigley and Corey Bell at Cronulla Real Estate.
Based on recent sales around the popular Shire strip, the home is expected to fetch $5.5 million plus. 
It has been Ken Elphick's home with wife Vicki for three years until recent eviction proceedings after the fracturing of a Queensland property development arrangement. 
The NSW Supreme Court's Justice Button noted there had been "a long and regrettably tortured history" in the litigation between Nichols Construction Pty Limited and the Elphicks.
"It seems that, regrettably, the development was not crowned with success, and litigation has arisen from it," his honour noted.
The Laidley development suffered complications, allegedly due to earthwork failings on the part of subcontractors retained by Nichols Constructions, which in turn impeded the sale of the house and land lots. 
However Nichols Constructions had a $4.2 million two year mortgage over the property with Ken Elphick as guarantor on its 2013 purchase.
"The contention of Nichols Construction is that no money whatsoever was ever paid pursuant to that mortgage," Justice Button noted.
The initial default judgment was entered in February 2015.
When the Taloombi Street home was bought for $4 million in 2013, Elphick thought his luck had finally turned.
His house purchase marked his family's return home to Gunnamatta Bay as in the late 1980s he sold for then record of $1.3 million a home across the bay.
In the interim he had hit headlines after his tenure at the NSW Rugby Union ended in a jail sentence.
The former NSW Rugby Union boss, who grew up in Mascot, spent almost three years in jail in the late 1990s for a $600,000 fraud case involving 25 charges.
The charges related to the building of Concord Oval as the code's homeground in the mid-1980s.
This article appeared in the Saturday Daily Telegraph.
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Ken Elphick loses possession of Cronulla beachfront

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Two beachfront sites ideal for development have come on the market in Perth - one in Safety Bay and the other in Sorrento.
The Safety Bay 13,130sqm beachfront property, 434 Safety Bay Road (above), is on the market through CBRE’s Michael Milne, Ben Younger and Matthew Elliott via an offers invited process closing 21 September.
The site, on the corner of Safety Bay and Malibu roads, has 80 metres’ frontage to Waikiki Beach and already has a approval for a multi-staged development comprising 190 apartments and more than 2,000sqm of retail and commercial space. 
The beachfront position and favourable zoning presented strong opportunities, according to Michael Milne.
“This significant site is suitable for a broad range of mixed-use development options including retail, fast food, hotel, serviced apartments, aged care, and high-rise residential apartments," he said.
“Buyers have the comfort of the recent planning approval which provides for a three stage – seven level project, or can opt for alternative development and subdivision strategies.  
The 2,311sqm Sorrento beachfront property, 136 West Coast Drive, (below) is being offered for sale with a long lease to Woolworths Limited trading as BWS, and lease to Italian eatery II Pirata Pizzeria and Cafe. It has an annual income of $221,000 plus outgoings.
<img src="/images/2016/08/24/700_bws.jpg" alt="" width="601" height="365">
The consolidated offering comprises three adjoining properties, with multiple street frontage aspects to West Coast Drive, The Plaza and Cadbury Way.
CBRE selling agents Michael Milne, Ben Younger and Kate Foley hare marketing market the property via an offers invited bidding process closing September 22 on behalf of property development advisory group OP Properties.
Mr Milne said the property was anticipated to generate strong interest from a broad range of buyer groups.
“The strong lease profile coupled with the significant underlying land holding will appeal to investors, land bankers and developer groups which are happy to enjoy a strong income stream,” he said.
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jonathanchancellor-7SQnKwU6yx

Prized Perth beachfront investments hit the market

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An absolute beachfront at Coledale in the Northern Illawarra has been listed with $3 million hopes.
Last traded for $2.25 million in 2008, <a href="https://www.realestate.com.au/property-house-nsw-coledale-122754286" target="_blank">10 Hyde Street</a> is considered as one of the best true beach front properties in the region.
Positioned on a 809 sqm double block, the four bedroom brick home offers direct walking access to the beach with 20 metre beach frontage.
It offers uninterrupted views of the Pacific Ocean from its oversized, 18 metre wide, covered entertaining deck.
There's also an internal courtyard amongst ample gardens and pristine lawns.
The offering comes with DA approval for a 2nd storey addition and extensions.
Ray White Helensburgh agents Simon Beaufils and Mattias Samuelsson have the listing.
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j.ballantyne1990-6AQqhLzZaK

Beachfront listed for $3 million in Illawarra's Coledale

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The childcare magnate Martyn Downs and wife Helena have listed their Cronulla beachfront home for September 7 auction.
Estate agent David Highlands, of Highland Property Agents, expects between $7 million and $7.5 million for the home, one of the best in the Sutherland Shire.
"There has not been anything comparable publicly available," David Highland suggested.
There have been whispers of an off market $8.25 million sale nearby on the peninsula on Darook Park Road where the prior highest recorded sale was $6.15 million in 2012.
<a href="https://www.realestate.com.au/property-house-nsw-cronulla-123181906" target="_blank">The Taloombi Street home</a> is eight bedrooms and six bathrooms over three levels which was substantially renovated twice over the past decade. No hint of the 1960s red brick home. 
The tightly held street prices hit $3.9 million in 2003 and peaked at $6.9 million in 2007.
Since he paid $4.35 million in 2005, Martyn Downs has been nicknamed "the mayor of Gunnamatta Bay."
The family have been out looking around for a penthouse-style abode in the shire, with plans of spending more time at their 70 acre black Angus cattle farm with newly built French Provincial-style homestead at Bundanoon, in the Southern Highlands, along with their inner city bolt hole.
Downs recently bought the Royal Hotel at Bowral, attracted to the main street acquisition given the inclusion of seven shops and restaurant in the popular tourism destination. 
Downs has been an operator and developer of child care centres since 1992, seizing the opportunity of the past few years to sell some of his leasehold businesses into the listed G8 group while keeping the freehold.
This article was first published in the Sunday Telegraph.
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Cronulla beachfront for September auction

<html><body><div class="page" title="Page 1">
<div class="page" title="Page 1">
Celebrity chef Bill Granger and wife Natalie Elliot have put their oceanfront home in Tamarama up for sale, just a year after its purchase.
<a href="https://www.goodyer.com.au/1P3199" target="_blank">The classic three storey coastal home</a> with expansive entertainers terrace offers panoramic views of Mackenzie's Bay being just metres from Tamarama Beach.  
It's been listed through Pauline Goodyear of Goodyear Real Estate who has a buyer's guide of $5.5 million for its August 6 auction, so after stamp duty costs there might be a $400,000 profit. 
Goodyer sold it to them for $4.805 million in early 2015.
Their purchase followed the sale of a 1920s Californian bungalow in Bronte for $3.4 million.
The couple spend most of their time in the W2 London postcode with their three daughters and they no longer need such a large home in Sydney.
They now plan on purchasing a smaller Sydney property, more than likely on the Northern Beaches in a more holiday style location.
The couple have been somewhat erratic in their property acquisitions as they briefly owned the iconic Harry Seidler-Designed Gissing House in Wahroonga.
They bought it in February 2008 for $2.65 million then shipped it off just six months later for $2.66 million to photographer Chris Colls and his wife Katrina. 
Granger, originally from Melbourne, has Bills cafes now in Japan, Hawaii, Seoul and London.
The Fleet Street press call him the sunny Australian chef who after making the move in 2012 to open Granger &amp; Co in Notting Hill has recently launched his third London restaurant at King’s Cross on Pancras Square.
The globetrotting Granger got his training at the iconic La Passion du Fruit on Oxford Street after hailing from Melbourne.
Tamarama has seen 22 sales this year with the highest coming when Oporto co-founder Gary Linz sold his three bedroom entertainer for $4.15 million 
Robbie Ingham has yet to secure a sale further down the street, with his $6 million new build still sitting on the market with $12 million plus hopes.
This article was first published in the Saturday Daily Telegraph.
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Bill Granger lists Tamarama retreat

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Frankston's bathing box prices are on the rise.
One of the 30-odd foreshore boxes on Gould Strett, <a href="https://www.realestate.com.au/property-other-vic-frankston-122228534" target="_blank">Bathing Box 26</a>, is being offered for sale at $145,000.
The selling agent Robert Austin of LJ Hooker Seaford said the property would likely break the Frankston record.
Frankston's recent beach box sales include <a href="https://www.realestate.com.au/property-other-vic-frankston-119371491" target="_blank">Bathing Box 32 </a>which fetched $125,000 in March last year, and the Sunrise Rotary Club-built <a href="https://www.realestate.com.au/property-house-vic-frankston-116155691" target="_blank">Bathing Box 10</a> which sold for $114,500 in 2014.
Bathing box records have fallen in Portsea, McCrae, Dromana and then three times in Brighton over the past year. 
Frankston resident Bill Gardiner bought his box 30 years ago for just $3000.
Gould St’s beach boxes can only be owned by Frankston council ratepayers, similiar to the situation at Brighton’s Dendy Street beach.
MELBOURNE'S BEACH BOX BONANZA
Brighton: the record price for the Dendy Street beach foreshore has been broken three times this year, most recently with Bathing Box 44, which fetched $307,000 last month.
Dromana: Boatshed 145 set a new benchmark when sold for $306,800 in March.
Portsea: Boatshed 23 broke the Shelley Beach record, fetching $615,000 in November, but a subsequent prized offering failed to sell.
McCrae: a mystery racehorse owner paid a record price<a href="https://www.heraldsun.com.au/realestate/news/melbourne-vic/racing-identity-wins-bidding-race-for-beach-box-on-mccrae-foreshore-on-the-mornington-peninsula/news-story/4d66598d44c0cc6bd08bf14981ad00a4" target="_blank"> </a>of $239,000 for Boatshed 28 last October.
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jchancellor-FAypfDUnLy

Frankston bathing box prices on the rise

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Sometimes dubbed Australia's leading stock picker, Mark East has turned his investment attention to property. 
He's splashed out $2.73 million on the Gold Coast securing a newly refurbished three bedroom, three bathroom home at Currumbin following trips to the holiday hotspot. 
The near beachfront house was sold by Ray White Mermaid Beach agent Troy Dowker who advertised it as <a href="https://raywhitemermaidbeach.com.au/qld/currumbin/1430347/" target="_blank">a holiday rental market prospect of $1,300 per week</a>. 
It was in 2008 when the Bondi-based East co-founded Bennelong Australian Equity Partners which secured the best returns on the Australian equities market last year, returning around 34 percent.
This article was first published in the Weekend Australian Mansion Australia property section.
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Stockpicker Mark East buys Currumbin holiday rental 

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In far North Queensland the Sydney-based developer Paul Smith's beachfront Mirage Estate home has been listed for sale.
Set on over 900 sqm, The Bali House is surrounded by tropical gardens, coconut palms, exotic frangipanis and a saltwater swimming pool.
Raine &amp; Horne Port Douglas agent David Cotton has the listing and has set an asking price of $2.35 million for the home which includes all of its current furnishings.
The resort-style grand villa has five bedrooms - three with terraces - a home cinema, home office and a bar which overlooks the lush green gardens. 
The home also has direct access to the famous Four Mile beach.
The Sydney-based Smith family have a long history in property best remembered under the Sahben banner for developing the Ritz Carlton Hotel, Double Bay.
The Smith's 35 villa was the first built in the beachfront Mirage and several family members retain family homes in the estate which amid the resort built by Christopher Skase's failed Qintex group.
The Mirage resort was set in 140 hectares with a two-kilometre beach frontage to the Coral Sea.
It was envisaged to feature a 300-room Sheraton hotel, 400 condominiums, a two-hectare salt-water swimming pool with a fresh-water pool within it, a championship 18-hole golf course, a historic village built around a station for the historic Bally Hooley steam train which will run from Mossman mill, convention facilities, restaurants and its own transport system.
A luxurious hovercraft was set to operate between the resort and Cairns International Airport.
Port Douglas started in the 1860s by servicing the gold mining towns about 200 kilometres away. At one point there were 27 pubs and grog houses in the main street.
Sugar cane farming followed, supplying business until after World War II when the road was pushed through to Cairns and the sugar mill took advantage of it. The port slowly died becoming little more than a fishing village of some 200 people until the Mirage resort inspired late 1980s tourism goldrush.
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Paul Smith's beachfront Mirage Estate listed

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One of the luxury “lighthouse” apartments in the Bondi Pacific has been onsold. 
It's been purchased by prestige car dealer, turned passionate art collector, Steven Nasteski and cabaret singer wife, Alisa Grey who've been looking for somewhere to showcase their rather large Brett Whitley painting of Bondi Beach.
The penthouse apartment was offloaded by Tom Hall, the poker player, who'd paid $10.345 million in 2012.
Robert Page of Black Diamondz Property Concierge was the selling agent, alongside Cae Thomas, of the corner penthouse that has views from the beach to Bondi Icebergs.
The four-bedroom apartment <a href="https://www.realestate.com.au/property-apartment-nsw-bondi+beach-121875218" target="_blank">502/180 Campbell Parade</a> had $12 million hopes, with the sale price undisclosed.
Steven and Alisa's six panel Whitley painting, Bondi 1987-1992 is the masterpiece that was left behind at the studio when Brett passed away in 1992. It was bought directly from his widow, Wendy.
Steven was known to have a desire to hang the work where Brett would have wanted the masterpiece hung.
Bondi Pacific was developed by Allen Linz of Rebel Property Group and Eduard Litver of Capit.el Group with eight penthouses coined “lighthouses."
The last unsold ones include a potential amalgamation that is soon to hit the market. 
This article was first published in the Sunday Telegraph.
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Luxury Bondi 'lighthouse' penthouse apartment sold

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The actress cum author Sophie Lee and her husband, advertising agency boss Anthony Freedman have listed their Bronte home, Shell House.
They bought the Hewlett Street home in 2005 for $3.45 million and now have $10 million plus expectations through D'Leanne Lewis of Laing + Simmons Double Bay.
Set on a <a href="https://www.domain.com.au/136-theshellhouse-hewlett-street-bronte-nsw-2024-2012752531" target="_blank">603 sqm block atop a natural sandstone ridge</a>, the four level home with four garage garage has an abundance of outdoor terraces.
Behind the imposing timber door is five bedrooms, four bathrooms, a library and lawned gardens.
There's a cantilevered pool at the front of the house which offers panoramic views of Bronte beach.
In an exclusive enclave of three Wally Barda-designed homes, Shell House gets its name from the shell-like expression of the building form, inside and out.
Lee and Freedman, who have three children, also have a $3.2 million weekend which was bought from fashion designer Collette Dinnigan and her husband Bradley Cocks at Palm Beach in 2014.
Lee has appeared as an actor in roles in Muriel's Wedding, Holy Smoke and The Castle, but she is now better known as an author.
Her works include Alice in La La Land and The Cuckoo's Calling.
Anthony has founded two agency groups. Host - which has offices in Sydney and Singapore - and One Green Bean who have offices in Sydney and London.
The Walter Barda-designed property sits adjacent to Wave House which sold for $15 million last year to Heather Doig, wife of former Pacific Equity Partners managing director Rob Kozckar after being rented by singer Ricky Martin who stayed in the contemporary pad whilst he was a judge on The Voice.
Cricketer Shane Watson grabbed his Hewlett Street home late last year for $9 million.
 This article was first published in the Saturday Daily Telegraph. 
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