The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Bondi Beach

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Melbourne's coffee king Salvatore Malatesta has sold a North Bondi residential apartment block for $3.82 million.
The syndicate proceeds are set to fund a hotel development in Melbourne.
The Blair Street property, comprising four one bedroom apartments and a butcher tenancy on a five year lease, was offered with net passing income of $148,000 a year, reflecting a 3.8 percent yield.
Ray White agent Phillip Elmowy sold the property in conjunction with CBRE's Michael Khouri.
It last traded for $1.66 million in 2008.
The recently married coffee entrepreneur Malatesta is a pioneer who recently launched his coffee brand partnership, Sensory Lab, in David Jones Bondi Junction last week.
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Melbourne's coffee king Salvatore Malatesta sells in North Bondi

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A 135 sqm strata restaurant/retail space close to Bondi Beach will go to auction on August 22.
in an exciting lifestyle and entertainment precinct, forward-thinking investors and owner-occupiers will immediately recognise the value on offer. 
The <a href="https://georgiaclearyhomes.com.au/restaurant-retail-opportunity-in-an-exciting-pocket-metres-from-the-beach-suit-investors-or-owner-occupiers/" target="_blank">68 Gould Street</a> property comprises a dining area plus outdoor seating, a commercial gas kitchen, cool room, storeroom and restrooms, and a car space.
The property has good frontage and large exposure due to large foot traffic around the corner from the sand and surf. 
<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/2017/08/02/BondiShop.jpg" alt="">
The listing agents are Bob Guth and Georgia Cleary of Georgia Cleary Homes.
The property could be attractive to an investor, owner-occupier or a self-managed super fund, according to the agents. 
The property sold back in 1994 for $1.65 million, according to Corelogic RP Data.
 
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Retail asset near Bondi Beach listed for auction

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They’re used to putting roofs over heads when selling multimillion dollar homes, but last night more than 180 Sydney real estate professionals, including auctioneer Damien Cooley of Cooley Auctions, hit the sack on chilly Bondi Beach to help youth in need.
The Real Estate Sleep Out was again well supported.
It was organised to raise money and awareness for Father Chris Riley’s Youth Off The Streets, a charitable community program aimed at helping homeless and troubled youth.
Last year’s inaugural event chalked up more than $134,000 with just over 100 attendees.
This year that tally has reached $256,000 - and is still climbing.
Passionate about Father Riley’s community work, Damien Cooley has a longstanding relationship with the youth specific agency.
<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/2017/07/25/Screen%20Shot%202017-07-25%20at%2011.32.26%20am.jpg" alt="">
Just this May Cooley Auctions held its 10th and final Cooley Golf Classic, an event that has raised in excess of $500,000 for YOTS over the decade.
“Events like the Real Estate Sleep Out go a long way to keeping organisations like Youth Off The Streets alive.
“They rely on people like us.
“The sleep out is as much about raising money as it is spreading awareness of the incredible work Father Chris and his team do,” said Mr Cooley.
“Last night we had 180 people all spreading the word and raising money for Youth Off The Streets,” he said.
Dinner for the local agents was a humble feast of pies and sausage rolls dished up out the back of a van by Youth Off The Streets volunteers.
Father Chris Riley was there before lights out to talk to the participants and introduce them to a number of young folk from the Bankstown Youth Off The Streets program.
After a night of sleeping rough on cardboard boxes supplied by Storage King Eastgardens, the agents were served up a modest barbecue breakfast at 6am this morning out the front of the North Bondi Surf Life Saving Club.
The much appreciated meal was a helping of bacon and eggs dished up with the help of local club members.
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Sydney’s property professionals big chill for YOTS fundraiser sleep out

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Former Channel Nine boss David Gyngell and his wife, the TV presenter, Leila McKinnon have finished the renovation of their North Bondi investment apartment.
It's been undertaken with the help of Gyngell's sister, the interior stylist Briony Fitzgerald since the couple's recent $1,675,000 purchase.
<img src="https://www.urban.com.au/images/2017/07/19/Screen%20Shot%202017-07-19%20at%2010.49.07%20AM.png" alt="">
They are now seeking a <a href="https://www.realestate.com.au/property-apartment-nsw-north+bondi-421552582" target="_blank">$1,700 a week Ramsgate Avenue tenant</a> for the three bedroom art deco apartment.
Raine &amp; Horne Double Bay agent Tom Clinton is marketing the rental apartment that would reflect a healthy yield comfortably over five percent.
<img src="https://www.urban.com.au/images/2017/07/19/Screen%20Shot%202017-07-19%20at%2010.49.57%20AM.png" alt="">
The suburb's median three bedroom rental sits at $1265 according to realestate.com.au.
Gyngell fought off stiff competition for the apartment, with 120 inspections in the lead up to the auction which saw 14 contracts handed out.
<img src="https://www.urban.com.au/images/2017/07/19/Screen%20Shot%202017-07-19%20at%2010.50.33%20AM.png" alt="">
The buyers were attracted by its size, high ceilings, northerly aspect and the fact there are no shared walls with other apartments.
“Between 70 to 80 square metres is normal in the Bondi area, this one is 114 square metres,” Ric Serrao, the Raine &amp; Horne Double Bay selling agent said.
<img src="https://www.urban.com.au/images/2017/07/19/Screen%20Shot%202017-07-19%20at%2010.51.05%20AM.png" alt="">
With Gyngell bidding in shorts and tee shirt, there were five bidders on the day, the first time the first floor apartment had traded in four generations.
The apartment had been passed down through the Goldberg family who had built the block of flats in 1938.
<img src="https://www.urban.com.au/images/2017/07/19/Screen%20Shot%202017-07-19%20at%2010.51.36%20AM.png" alt="">
Gyngell and McKinnon are based at Dover Heights, which McKinnon thinks of it as "north North Bondi."
The couple, who married at Byron Bay in 2006, spend much of their time too in the Byron Bay district where they have substantial property investments.
Gyngell, the son of the late former Channel Nine boss, Bruce Gyngell and interior designer mother, Ann, had business links to Bondi going back to the late 1980s when he was selling beachwear and surfing equipment.
This article first appeared in the Sunday Telegraph.
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Former Channel Nine boss David Gyngell finishes North Bondi reno

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A freehold building on Sydney’s Bondi Beach is set to go under the hammer on August 17, making it the third iconic site on the famous beachfront to go to the market in the last 12 months. 
The <a href="https://www.domain.com.au/property-profile/134-138-campbell-parade-bondi-beach-nsw-2026" target="_blank">134-138 Campbell Parade</a> property earns a net income of more than $500,000 per annum.
Listing agent Miron Solomons of Colliers International, who is marketing the property along with and Matt Pontey, said they were expecting this to be the “biggest auction of the year – there will be some serious heavy hitters present”. 
Market chatter suggests price expectations of about $20 million.
This sale comes to market following two highly successful campaigns of neighbouring assets; Bates Milk Bar at 124 Campbell Parade in September 2016, and 128-132 Campbell Parade in May this year, with the latter breaking the Australian record for the highest price paid per metre for land, according to a media release from Colliers.
The 1951 Bates Milk Bar, one of Bondi Beach's most iconic retail premises, sold for $19.12 million last year to developers of the Pacific Bondi, Rebel Property Group's Allen Linz, Capit.el Group's Eduard Litver along with Gil Baron.
The milk bar was known for its choc-malt milkshakes until its closure in 2001.
“It’s a once in a lifetime opportunity – three buildings in this location, on the Bondi beach front with uninterrupted views – coming to market within 12 months is unheard of. These assets are typically held by local families for 50-60 years each,” added Solomons.
There are also two retail tenancies currently within the building. The current ground floor tenants are Ben and Jerry’s and Ezymart in addition to eight residential units above, said Pontey, adding that they were expecting keen interest from developers and investors due to the flexible mixed use zoning.
“These are solid, diverse income streams with significant development potential that are attracting international interest.”
Solomons says the interest in the past two Bondi sites indicates there is still plenty of appetite for Sydney’s top end ‘trophy’ market.
“Any talk in the media of a downturn in the market has not jilted the momentum for the last two campaigns – we aren’t seeing any negative effects in the trophy, high-end of the market.” 
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Bondi commercial beachfront property hits the market: Colliers

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Philanthropist Tanya Nelson Carnegie has spent $10.8 million on the penthouse atop Toga's Boheme development in Bondi.
The Hall Street apartment purchase comes a month after she sold her Ben Buckler home for $10.3 million, a North Bondi record.
The luxury three bedroom, three bathroom TOGA-built penthouse has never been lived in, with the block having been completed five years ago.
It had previously been marketed by CBRE in 2014 as arguably one of the most spectacular penthouses in Sydney.
<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/2017/07/03/Screen%20Shot%202017-07-03%20at%2010.40.18%20am.jpg" alt="">
It was furnished but empty until Carnegie's recent buy through Raine &amp; Horne agent Ric Serrao.
Set on the seventh floor, the 406 sqm, Bates Smart designed apartment with interiors by Ann Ronay comes with a large entertaining terrace that looks out over the water.
It has 220 sqm internal space and its own swimming pool.
Carnegie sold her Lippman Associates-designed North Bondi home last month.
<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/2017/07/03/Screen%20Shot%202017-07-03%20at%2010.40.25%20am.jpg" alt="">
Built as <a href="https://www.realestate.com.au/sold/property-house-nsw-north+bondi-125116274" target="_blank">two residences, the Bay Street designer home</a> spans three levels and has six bedrooms, six bathrooms and two infinity-edge swimming pools.
Carnegie paid $7.2 million for the home from property developer David Wilkenfeld.
The sale bettered the $9 million high set in February when a duplex on the Ben Buckler headland was bought by Hong Kong-based OCP Asia partner Dan Simmons and his wife Mandy.
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Philanthropist Tanya Carnegie buys Boheme penthouse in Bondi

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Ginia Rinehart, daughter and heiress of Australia's richest woman Gina Rinehart, is still eyeing a home on Sydney's eastern seaboard.
Ginia and her husband Simon Robinson, who have been renting in Bondi, reputedly expressed limited interest on the suburb record breaking North Bondi home of philanthropist Tanya Carnegie that sold last week, according to the local paper.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-north+bondi-125116274" target="_blank">Ed Lippman-designed</a> home, that was built as two residences, sold for $10.35 million to Rose Bay's Unger family last week.
The couple's eastern suburbs home search dates back to 2015 when they reputedly missed out on the Bronte trophy home Wave House.
The Walter Barda designed beach house that was completed in early 2014 sold for $15.65 million.
More than $13 million had been tipped.
It was the home that was rented by former judge on The Voice Ricky Martin.
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Heiress Ginia Rinehart still seeking eastern suburbs home

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They're more often spotted on Sydney's northern beaches, but expect more Instagram images from the coastal east from half of the modelling power duo, the Stenmark twins.
Jordan has bought himself an apartment, spending $1.13 million in Bondi.
The purchase follows brother Zac who spent $965,000 on a two bedroom apartment in Manly. 
When Zac then left the family home, Jordan indicated that he too would soon depart the family nest in Mosman, but his acquisition has come 18 months later.
The updated dual level Bondi apartment is located on the top floor of the block.
It has two bedrooms, plus study, so Zac can stay over.
It appears the beach loving boys have the same home loan lenders with the mortgage on last month's acquisition also with Greater Bank.
At the time of Zac's buy, Jordan told Confidential that the first place he’d rest his head outside the family home had some specific requirements.
“I need to find something that’s got everything I need — beach, cafes, gym, a running track. I’ve gotta be near Louis, (his younger brother) so we can train,” he suggested.
Of course Jordan's girlfriend of three years, Asha is often seen on Tamarama Beach.
The twins, who turned 25 last month, are hitting the European modelling scene during May while hope their international schedule will allow them to return for another series of the reality show Australia’s Next Top Model.
It is not officially known if Jordan is moving out of Mosman or whether he will be a rentvestor for a period. 
The apartment he has bought - with glass doors from the living and dining space open to an entertainer's balcony at Bondi - previously traded at $640,000 in 2007.
Zac's was half way between Many beach and the wharf in the early 80's block cost $965,000.
The Manly purchase came four years after the pair were discovered in 2011.
The chiselled twins were working in a cafe before a friend suggested they would make more money modelling.
The pair didn't realise what was to come, as they were immediately signed on by the Vivien agency at just 19 years of age and flown to Miami to shoot 60 pages for L'official Homme the following week.
The whirlwind never stopped.
After the shoot they were on a plane to London to meet with American fashion designer Tom Ford.
They made their international catwalk debut when they opened and closed the Calvin Klein S/S13 show at Milan Fashion Week in 2013.
They have worked with some of world’s best known brands like Abercrombie &amp; Fitch and Ralph Lauren.
The pair maintain their athletic stature by training with old friends from the Sydney Swans and the Greater Western Sydney teams, having being once handed AFL scholarships while at the University of Sydney.
The guys say they don't have telepathic connection, however Zac labelled themselves "mirror twins" as Zac is left handed and Jordan is right, a rare trait that only some twins have.
This article first appeared in the Daily Telegraph.
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Model Jordan Stenmark buys in Bondi

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Film director Stephan Elliott has sold in the white-hot Bondi property market, selling his apartment pre-auction for $1,725,000.
Phillips Pantzer Donnelley agent Mary Cronin had initial $1.3 million price guide before 56 groups inspected the property with 16 contracts issued.
It sold after 16 days on the market.
Elliott, who is one of Australia's leading film directors and screenwriters, paid $886,000 for the two bedroom unit. 
Set in a revived Art Deco block of six, the apartment sits just 100 metres from the famous beach.
Elliott is best-known for 1994 movie The Adventures of Priscilla, Queen of the Desert which won a number of awards.
He also directed a segment in Rio I Love You called I Think I'm In Love featuring Home and Away star Ryan Kwanten.
The film is based on the true story of how Stephan met husband Wil Bevoley during the publicity tour for Priscilla. The couple are set to travel overseas.
This article first appeared in the Daily Telegraph.
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Film director Stephan Elliott sells in Bondi

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Bondi's red-hot property market appears to be triggering an artistic exodus.
Filmmaker Stephan Elliott, one of Australia's leading film directors and screenwriters, has listed his Bondi Beach pad amid speculation he's set to travel overseas with his husband, Wil Bevolley.
The director, best-known for 1994 movie The Adventures of Priscilla, Queen of the Desert, paid $886,000 in 2011.
Set in a revived Art Deco block of six, the two bedroom apartment (above and below), is just 100 metres from the famous beach, though the Bondi FlickerFest judge is more likely indoors judging films.
<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/2017/04/21/Elliott1.jpg" alt="" width="431" height="285">
In 2011 Stephan directed A Few Best Men, a wedding-gone-wrong comedy starring the likes of Rebel Wilson and Olivia Newton-John.
He has also directed a segment in Rio I Love You called I Think I'm In Love featuring Home and Away star Ryan Kwanten. The film is based on the true story of how Stephan met Wil during the publicity tour for Priscilla.
After one inspection Phillips Pantzer Donnelley listing agent Mary Cronin is already quoting more than the initial $1.3 million price guide.
The loss of artistic edge also sees the last of Bondi's links to singer-songwriter Missy Higgins.
Her artist sister has sold for $1.72 million at North Bondi, prior to its auction at around $220,000 over expectations through Raine &amp; Horne agent Monique March.
Missy Higgins paid $636,000 in 2005, the year she won five ARIA's and an MTV Australia award.
She called it home for nearly 10 years before selling to her parents in 2015 who sold to Missy's sister, artist Nicola.
 
 
  
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