Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

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Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Bondi Beach

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A lover of Bondi Beach apartments, fund manager Will Vicars couldn't help himself when the Pacific Bondi development was completed.
He made headlines in 2013 when he broke the Australia apartment record, having bought two adjoining two-storey "lighthouse" penthouses off-the-plan for a combined $21.9 million.
And now he's extended on his purchases, spending another $11 million on another recently completed apartment on the top floor of the Campbell Parade complex. 
The well-connected Vicars - who also owns property on Seven Shillings Beach, Point Piper, Queen Street, Woollahra and Horderns Road, Bowral - is the chief investment officer of boutique fund manager Caledonia Investments. 
This article was first published in the Saturday Daily Telegraph.
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Will Vicars takes his Pacific Bondi lighthouse apartment purchases to $33 million

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The Victorian era jewel of Mirvac’s 190-dwelling Moreton development, historic Moreton Manor, has been sold for around $9 million.
Scarba House, as the the Victorian Italianate mansion was once known, had been originally built as a four-room cottage in the 1850s, but extended in the 1880s.
The Benevolent Society ran it as a children’s welfare home from 1920 until 1986, before it sold to Mirvac in 2013.
Architects Tina Engelen and William Fung, co-directors of CO-AP, were commissioned with heritage firm Design 5 Architects to undertake the restoration.
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jchancellor-FAypfDUnLy

Scarba House, Bondi trophy home sold

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It's taken two weeks after its auction, but the Bondi Beach apartment block in which the former Silverchair front man Daniel Johns owns has sold.
It sold after the bidding went no higher than their $12 million vendor bid earlier this month.
There has been no sale price disclosure. 
The seven apartments of the 1960s, four level Campbell Parade block were offered in one line.
The seven apartments include six two bedroom units and one one bedroom apartment.
They had attracted two developer bidders at the auction when offered through Seaton Jones of Ray White TaylorJones.
It was marketed as a duplex project or for the buyer to create their own home.
Johns owns two of the higher level apartments which cost him a combined $1.6 million in 2001.
He lived in the building for a short time before leasing the properties. He stands to secure around 33 percent of any eventual sale proceeds. 
 
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Daniel Johns' syndicate sells Bondi Beach apartment block

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The Auckland-based Cook Property Group has emerged as the buyer of the Beach House Lane retail centre on Sydney's Bondi Beach.
It sold for $31.3 million, on a passing yield of 5.9 percent.
The 1166-square-metre fully-leased retail arcade runs from Campbell Parade to Curlewis Street, adjacent to Hotel Bondi.
It was reported as sold last month by Property Observer.
Cook Property, founded by commercial property investor Ben Cook, was also the buyer of the 14,760-square-metre Bunnings warehouse in Sydney's Eastgardens for $56 million last year.
Last year, Mr Cook bought one of Auckland's most expensive homes, when he paid $NZ24 million ($22.4 million) for a three-level, six-bedroom house in Herne Bay.
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Kiwis buy Bondi Beach retail

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The business woman, Lynne Tietzel, who was inducted into the Guild Internationale Des Fromagers, has sold her home in North Bondi.
Tietzel, founder of Australia on a Plate which brought European cheese to Australia, and husband Paul secured a $2.6 million sale through Sandy Kogan of Richardson &amp; Wrench Bondi Beach.
The couple have owned the home, with swimming pool and cabana, since they paid $702,500 in 2001.
They will be spending more time at Coorabell, where they secured a $1.25 million retreat in February.
Formed in 1995, Australian on a Plate was awarded the Vogue Magazine Excellence Award in 2008 and Outstanding Food Supplier Award in 2009.
This article was first published in the Saturday Daily Telegraph.
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Business woman Lynne Tietzel has sold her North Bondi home

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The Beach House Lane retail strip on Campbell Parade, Bondi Beach has understood to have been sold.
It was listed last month with expectations of more than $30 million by the Melbourne-based investor GLG.
GLG, which manages $200 million in assets, appointed Stonebridge Property Group to sell <a href="https://www.commercialrealestate.com.au/property/178-campbell-parade-bondi-beach-nsw-2026-2012772074" target="_blank">the property at 178 Campbell Parade</a>.
The centre is 100 per cent leased to 14 retailers, including premium fashion and restaurant operators.
No sale details have been revealed but it is understood that terms have been agreed at $32 million.
Its annual income was given as $1.836 million.
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Bondi's $32 million laneway strata shop sale

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With so many people thinking that property is getting too expensive for everyone to afford, in our Purchase or Pass segment this week with Century 21's Charles Tarbey I thought we would see if $500k can still get you into a blue chip suburb close to the city. And to make it as hard as possible I chose our most famous beach, Bondi Beach.
Location: 6.5 kms from CBD
Beds: Studio
Bath: 1
SQM: 31m
Parking: 1
Price: $435k
Rent: $400/wk
It’s a studio unit with lock up garage, 6.5kms from the CBD and just 1.3km to the sand. It’s located on the first floor of a small security block of 15 units and is half way in between the shops and transport hub of Bondi Junction and the lifestyle and leisure of Bondi Beach. The property is currently in good condition, but judging from the photos could do with an upgrade. The property sold 2 months ago for $435k and the expected rent is around $400/wk, the size is 31sm.
Charles: 31sm and $400 per week, let’s just assume for a moment you’ve borrowed the entire $435k, how often can you find a property where your rental return is not much lower than the repayments in a suburb like Bondi, it’s almost a steal. You might even buy it just for the car parking space because that’s pretty hard to get. The only thing that concerns me is 31sm is below the value of where most banks will look at, so it has to be specialised lending. You might end up having to pay a little bit more in interest to get it, but 31sm Bondi beach, one carpark, $400 per week rent, $435k that’s a pretty good price.
Chris: I mean, we’ll start on the negatives because it’s by no means perfect. So from those photos, it’s on the main road and there were traffic lights there. So traffic lights, I mean Bondi road is buses, cabs all the hoons on Saturday and Friday night. Traffic lights is obviously a nightmare because people are constantly stopping and starting and it’s small, so it’s limited funding. It isn’t perfect but for $435k what do expect? Because you’re paying for what you get.
Charles: If you were a businessman and you’re travelling to that area a lot it would cost you more in hotels. So, you could probably get it spruced up a little bit and you could have an investment property. 
Chris: That was the other positive. Obviously the pictures are not perfect and anything you did to it would be an improvement and, again, there’s double glazing these days, it’s pretty good stuff. You spend some good money on that and you probably aren’t going to hear the traffic.
Charles: I would be a purchaser at that price, given that I know it’s incredibly hard to find something.
Chris: Probably the debate I’ll quickly give you is if you had a chance in this time of the market your only other chance of $435k is probably to go to regional NSW or QLD or something like that. If you’re say like me and you’ve got no idea because you’ve never been outside the city walls, would you take a punt on going somewhere regional, which may be a 50 50 punt, or would you go for something say in the city that’s not perfect but… 
Charles: I would go with something like this, and I must say, and I mean no disrespect to you Chris, but I’ve heard that you think the western suburbs start at Centennial Park but I think it’s a little bit further ahead than that.
Chris: So purchase or pass on that?
Charles: Purchase for sure.
Chris: I don’t think it’s the best unit in the world but you get what you pay for. As an armchair investor, I would much rather a small unit in the heart of one of the best suburbs in the country, than to play the roulette wheel and take a punt on something bigger in the middle of nowhere where I probably don’t have any local knowledge. So, I’m going to go for a purchase as well.
 
To watch the episode in full, <a href="https://youtu.be/I6--hAAg7VE" target="_blank">click here</a>.
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Chris Gray's Purchase or Pass: Can $500k get you into a blue chip suburb close to the city?

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South Sydney Rabbitoh's star Sam Burgess has pulled his Bondi Beach apartment from the market.
He's decided to hang on to the Bondi Pacific property and lease it.
"We had some great offers but Sam has decided to hang on to it and lease it," McGrath agent Edward Reid advised.
Burgess, who returned to the NRL at the start of this season, listed the off-the-plan apartment which he bought during his first stint with the Sydney club.
Following his return from England, the second-rower and wife Phoebe Hooke have instead upgraded to a $3.8 million, four bedroom home with large home theatre and pool in Maroubra.
He paid $2.065 million in 2011 and then listed for quietly in mid-March, for an undisclosed price of around $2.95 million.
The furnished second floor apartment has two bedrooms, an outdoor terrace and even a small lawn. The asking rent fully furnished through McGrath was $2500 a week. It was $1950 unfurnished.
This article was first published in the Saturday Daily Telegraph.
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NRL star Sam Burgess pulls Bondi pad from market

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Actors Simon Baker and wife Rebecca Rigg have quickly offloaded their North Bondi bolthole now that they reside at their $6.5 million Bronte home.
Their rooftop apartment was up for sale with $3.5 million hopes through <a href="https://bencollierteam.com.au/property/8206-hastings-parade-north-bondi-nsw-2026/" target="_blank">McGrath agent Ben Collier</a> who didn't reveal the sale price.
Its been bought by e-commence entreprenuer Simon Hill.
Their 250 sqm art deco penthouse on the Ben Buckler headland had been purchased in 2014 for $2.63 million.
The listing was taken down from websites Monday morning after just 10 days on market.
They had a Will Dangar-designed garden installed onto the 125 sqm rooftop terrace.
The couple who first met in 1992 on the set of popular soap E Street were no shows when the apartment next door went to recent auction.
Baker is spending time increasingly in Australia making his directorial debut on Breath, the feature film adaptation of the 2008 Tim Winton novel.
Raine &amp; Horne Double Bay selling agent Hannah Bouskali confirmed the buyers as a young married Australian couple who are living overseas who paid $2,016,037 for the two bedder with roof access too. 
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Simon Baker's snappy North Bondi bolthole sale

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Fitness First founder Tony de Leede was among the off the plan buyers in Bondi's latest residential complex, the Bondi Pacific.
He bought a fourth floor, 220 sqm apartment with curved balcony in 2012 for $3.85 million.
De Leede isn't having to move very far however, now that settlement has occurred.
But he his yet to sell his nearby redundant Campbell Parade beachfront in The Bondi complex which went to December auction.
The apartment bought for $2,725,000 in 2010 has a price guide of in the very high $3 millions <a href="https://www.century21.com.au/property/359497/" target="_blank">through Nicholas Armstrong-Smith at Century 21 Armstrong-Smith</a>.
The fitness industry veteran co-owns Gwinganna Lifestyle Retreat and the Fit N' Fast gyms.
This article was first published in the Saturday Daily Telegraph.
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