South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

Bronte

It's the playground for Sydney's rich and famous.

And now one of Bronte's most exclusive streets, Bronte Marine Drive, is set for its first ever, brand new apartment development.

There's only 19 buildings on Bronte Marine Drive, all houses, apart from a tired block of apartments at 2 Bronte Marine Drive that date back to the 1930s.

That block is now set to be demolished and will make way for a striking new Tzannes Architects-designed building in landscaping by Myles Baldwin.

The proposal has been submitted on behalf of the executors of the Estate of Angelina Cordatos.

The project, fittingly dubbed Project Angelina, will have five three-bedroom apartments on the sloping 600 sqm site which overlooks the ocean, beach, and fronts part of the famed Bondi to Coogee walk.

The new proposal seeks to shift the original primary access from Bronte Marine Drive to Bayview Street, which will be via a splayed feature wall adjoining to a private staircase, leading into the residential lobby.&nbsp;

In the design statement submitted to the local council, the aim was for a design which is "consistent with a Sydney coastal garden with a touch of Mediterranean."

The planting palette is made up of a mix of natives and exotics to compliment the surrounding areas, with the terrace planter boxes at balcony edges and green roofs visible from the street.

<img alt="Render of the proposed Bronte development" data-entity-type="file" data-entity-uuid="39a06226-d9fa-4432-9ddf-32bac5a4818b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-01%20at%2010.35.44%20am.png?VersionId=RcF8r9ad33DO614354RWW1NGXpCvJxmk" />Render of the proposed Bronte development. Credit: Tzannes.&nbsp;

Each apartment spans a whole floor and will feature private terraces oriented towards the beach, taking in sweeping south and south-eastern views. The terraces are accessed off the open plan living spaces which will be lined with floor to ceiling doors to take in the views.

The building will be crowned by a two-level penthouse. That will have two open terraces.

The built form will consist of a series of layered stone, concrete and masonry elements, defined at the openings by architectural metalwork and landscaping. The curved, horizontal language is established by bands of masonry that wrap around the full perimeter of the development, on top of expressed floor edges.

The overall form of the building features sweeping corners which soften the built form, and splayed balconies and terraces. These are oriented to address the main view towards Bronte Beach, and prevent onlooking between apartments.

Last Bronte Marine Drive took the record for Bronte's most expensive house sale. The property next door to Project Angelina, 1 Bronte Marine Drive, sold for $23.3 million to Singaporean blockchain entrepreneur Joanne Huynh.

F45 co-founder Rob Deutsche sold his home on Bronte Marine Drive last year for $17.7 million.

[smartcode_project_cta:default project_id=138489]

The project, fittingly dubbed Project Angelina, will have five three-bedroom apartments on the sloping 600 sqm site which overlooks the ocean, beach, and fronts part of the famed Bondi to Coogee walk

alisonwarters@gmail.com

First look: One of Bronte's best streets set for first ever new apartment development

Fortis has lodged plans with Waverley Council for&nbsp;their first collection of luxury homes in the affluent eastern suburbs hotspot Bronte.​

​The homes will be&nbsp;developed on the prime&nbsp;2,472 sqm site at&nbsp;122-128 Hewlett Street, which was&nbsp;acquired by Fortis for $44 million in early 2022. The proposed scheme has been developed in response to the increased demand for luxury houses in Sydney&rsquo;s east.&nbsp;

Architecture firm MHN Design Union have drawn up the plans, which will feature&nbsp;architectural facades including custom brickwork and European lime renders and screening.&nbsp;Alexander and Co and Lawless &amp; Meyerson will handle the interiors.

Fortis Director Charles Mellick says the team are looking forward to apply what they know from the multi-residential apartment space to the luxury housing market.​​

​&ldquo;Fortis has carved a reputation for itself over the years for premium residential developments in blue-chip locations across Sydney and Melbourne,&quot; Mellick says.

<a href="/new-apartments/bronte-collection-122-128-hewlett-street-bronte"><img alt="" height="1008" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-13_at_5.29.40_am.png" width="1830" /></a>

&quot;We are excited to be utilising our considered approach to develop luxury houses that offer an enviable combination of location, amenity and quality. 
​ 
&ldquo;This will be the first collection of houses by Fortis, making this project a notable milestone for us. With an expected end value of $125 million, we are investing in the future of the luxury residential coastal market in Sydney that continues to remain buoyant. We look forward to working collaboratively with the community to deliver a superior product in a desirable location.&rdquo; 
​ 
​The collection of private homes will feature three or four bedrooms, four bathrooms and secure basement parking. Open-plan living and dining areas will open onto north-facing private pools and lush gardens by Wyer &amp; Co, in addition to sweeping views of Bronte Beach from the upper levels.&nbsp; 
​ 
​Each home will have private full-floor master retreats including an expansive bedroom, walk-in robes and ensuites, dedicated laundry rooms, custom swimming pools and spas, grotto entertainment areas in the rear garden and integrated Sub-Zero and Wolf appliances. Select residences will have wellness rooms that can be converted into gyms or&nbsp;studios for pilates and yoga, cinema rooms and the option to have a private art studio or kids rumpus room.

Construction on this site is expected to commence by mid-2023, once plans are approved by the local council.

Fortis Director Charles Mellick says the team are looking forward to apply what they know from the multi-residential apartment space to the luxury housing market

Fortis lodge $125 million Bronte luxury off the plan house plans

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A Fox Johnston Architects-designed four-bedroom, five bathroom contemporary Bronte trophy home has been sold for around $8.5 million.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-133913174" target="_blank">27 Evans Street </a>home owned by property power couple Stephen Auld and Charlotte Peterswald sold to a Yowie Bay family.
Set on an elevated corner block, the home offers over 420sqm of internal living space. 
<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/2020/8/31/bronte%202.jpg" alt="">
It comes with sun-drenched living, open plan dining, north facing terrace with outdoor lounge and rumpus room with cocktail bar. 
The home also features gas fireplace, heated pool, sauna, home gym, triple garage and lift to all levels.
<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/2020/8/31/bronte%203.jpg" alt="">
Situated within Bronte Public School catchment area, it is within walking distance to Bronte Beach and the ocean pool. 
Alexander Phillips and David Tyrrell of PPD Real Estate had the listing.
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Fox Johnston-designed $8.5 million Bronte trophy home sale

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A new Bronte home designed by architect Nick Bell remains on the market.
Bell created the home to embrace the ocean views and natural light, with energy efficient also in mind.
Set on the Blandford Avenue dress circle between Bronte and Tamarama, the contemporary four level duplex was completed last year.
An internal Kone industrial-grade lift services all four stories which home four bedrooms, including the master suite with its own private balcony overlooking Bronte Beach, and a self-contained teenage retreat.
The top level has informal and formal living and dining areas, with the open plan kitchen living and dining space opening to a rear garden with alfresco decking, a lawn and a spa.
Sydney Sotheby's Double Bay agents Mark Goldman and Ben Cohen had an initial $5.5 million guide.
 
 
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jrobinson-rf4aSBido9

Nick Bell-designed Bronte architect designed trophy home listed 

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A four-bedroom, three-bathroom coastal home in Bronte sold for $5.85 million through Snowden Jones estate agents Louise Snowden and Rick Daniel on June 30, 2020.
Designed by Mary Ellen Hudson, the 53 Palmerston Avenue property is defined by its wave-like architecture.
Located at the end of a cul-de-sac with dual street access, the home is privately walled and gated with intercom entry, a security system and CCTV. 
The house showcases oak flooring, high ceilings, margarine wall finishes, spacious living and dining with Jetmaster gas fireplace, a sculptural central staircase, Artedomus Elba marble bathrooms, Antonio Lupi baths, and Aritcolo Bocci and Serge Mouille designer lighting.
<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/2020/7/3/19_Bronte%202.jpg" alt="">
The designer kitchen with Artedomus Quartzite White Fantasy bench top has premium gas Wolf &amp; Sub Zero appliances, warming drawer and steamers, butler's pantry, custom cabinetry, and a bespoke bar with a  wine fridge. 
All four large bedrooms do not share a common wall, and the master bedroom with a retractable wall features a bespoke walk-in robe and ensuite. 
Situated on 387 sqm of land, the home also features walls of glass which open out to a north-facing courtyard and self-watering gardens, a covered terrace with built-in Wolf barbecue, an outdoor shower and 'Rock' outdoor speakers. 
According to Domain, 23 other four-bedroom houses in Bronte have recently been sold. 
A similar four-bedroom, two-bathroom home on Dickson Street sold for $3.45 million on July 2, 2020 and another four-bedroom, two-bathroom home on Tipper Avenue sold for $4.9 million on March 16, 2020, according to Realestate.com.au.  
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Coastal designer home in Bronte sold for $5.85 million

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For the first time in 50 years, a historic beachside residence in Bronte sold.
Phillips Pantzer Donnelley estate agents Alexander Phillips and David Tyrrell managed the sale.
The four-bedroom, two-bathroom <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-132901366" target="_blank">Bronte Road residence</a> is one of only ten properties that backs onto Bronte Park.
The strata-titled duplex sold for around $5 million according to Mr Phillips.
The 308 sqm block was previously divided into two private strata-titled homes, with 114 sqm internally in each duplex. 
The 1940s Art Deco duplex features high ceilings, original fireplace, private entries, open plan dining, a traditional verandah, north-facing gardens, and a basement laundry. 
According to Domain, 22 other four-bedroom houses in the area were recently sold. 
A similar house in the area on St Thomas Street recently sold for $4.1 million in January. 
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Historic beachside Bronte strata-titled duplex sold 

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Retired Test cricketer Brendon Julian­, who’s having a few late nights hosting Fox Sports' ICC World Cup coverage, has secured tenants­ for his recently-settled­ Bronte investment apartment.
He was among the buyers in Danny Avidan’s redevelopment of the former Bronte RSL site.
Julian paid $2.5 million for a two-bedroom Macpherson Street apartment off the plan back in October 2016, with settlement occuring only recently after delays in commencement.
He sought out $1500-a-week tenants, reflecting a yield of 3.1%.
The 120 square metre Bronte Place apartment is an investment for Julian and his wife, Suzanne, who have a nearby Bronte residence.
They bought a rundown 1970s home for $5.3 million in 2007, before renovating it into a contemporary home with pool.
Former fashion mogul-turned-property developer Avidan purchased the former Bronte RSL site for $8.8 million in late 2015 from developer Winston Langley.
The sale came with approval­ for 21 apartments at the SJB Architects-designed project.
Avidan then lodged an application to add more residences, which was rejected by Waverley Council and then the NSW Land &amp; Environment Court.
When launched in 2016, prices started at $1.5 million for a one-bedroom with study to more than $2 million for a two-bedroom unit — as well as a penthouse that sold for $4.6 million.
Julian likely wouldn’t have made much if he had flipped the apartment.
The neighbouring two-bedroom unit is up for sale for $2.22 million as unsold developer stock, albeit it is a much smaller and narrower apartment.
This article was first published in the Saturday Daily Telegraph.  
 
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Fox Sports host Brendon Julian settles on new Bronte apartment

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Lise Buckeridge, an heiress to the late billionaire construction tycoon Len Buckeridge's fortune, has scored a windfall result with her hillside Bronte offering.
The initial guide was revised up from its initial $3.75 million offering to $3.8 million after its first inspection. 
Then a knock-out $4.5 million offer was quickly accepted a few days later for the three storey, freestanding home with a leafy outlook over Bronte Gully.
The buyer had been eyeing the house for about five years.
The four bedroom, three bathroom home only has views to the ocean from its top level.
Set on 385 square metres, the home was initially bought in 1998 for $1.03 million by her late father’s company.
His $2.5 billion construction company is one of the country's biggest privately owned business empires.
There has been a protracted legal dispute over the distribution of his fortune among 15 family members.
Family members have now agreed to a number of changes to his father's will aimed at "provide for the individual expectations of all family members".
This article first appeared in The Daily Telegraph. 
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Len Buckeridge heiress secures windfall result at Bronte

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The New Zealand-born UBank CEO Lee Hatton has bought again in Bronte.
She's spent $2.35 million on a home, one of only a handful of private homes designed by the late international <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-127409302" target="_blank">architect Paul Pholeros</a>, who was an adjunct professor of architecture at the University of Sydney.
The gardens in the Alfred Street property have won Waverley Council's My Beautiful Gardens Awards.
Set on 245 square metre, the home has two bedrooms, an attic retreat and a wisteria-framed entertainer's deck.
Phillips Pantzer Donnelley sold the home.
Hatton owns a $4.25 million home nearby.
This article was first published in the Saturday Daily Telegraph.
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UBank CEO Lee Hatton buys again in Bronte

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Macquarie Group chief economist Ric Deverell has spent $6.35 million in Bronte.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-126189278" target="_blank">grand family home </a>dates back to the 1930s. It has five bedrooms, four bathrooms and a saltwwater pool.
The home was offered for the first time in 20 years.
Deverell was previous a managing director at Credit Suisse before joining Macquarie late last year. He once worked as the Reserve Bank of Australia and also in Treasury during the 1990s, where he was head of the Asian section during the Asia crisis.
He got his economics degree at the University of Tasmania.
Built on a 570 square metre holding, the freestanding home has views over Bronte to North Bondi and also to Coogee from the upper level deck.
Last month Deverell indicated the bank expected the RBA to remain on hold until early 2019.
While the economy was improving, the unemployment rate remained too high, and wages and price inflation too low for the 25 basis points of rate hikes they had pencilled in for August and November this year.
This article first appeared in the Sunday Telegraph. 
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