Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Joel Robinson

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Castlecrag

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The billionaire founder of Platinum Asset Management Kerr Neilson has spent $5.3 million on a waterfront reserve Castlecrag trophy home.
The mid-century modern home, with views of Middle Harbour, sold at June auction.
Blindley House was designed by architect John M Brindley in 1955 as his own residence.
New owners moved in during the 1960s and added an extension.
It was sold by the retired Sydney surgeon Frank Fisher and his wife Penelope, who had lived in the home for more than 50 years.
The six bedroom, two bathroom house sits on a 1,581 sqm block.
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Kerr Neilson buys mid century modern Brindley House in Castlecrag

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<div>
A tightly held property that fronts Sydney Harbour is on the market for the first time in 80 years.
It is being marketed by Ray White Crows Nest and Lower North Shore sales agent Chris Keane as “the most secluded property on Sydney Harbour”.
The heritage listed three bedroom house at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGYOibd6Xun2zx4tHhzJlIDs8CmWXJrUBOBNnPZiwsatQ=&amp;rh=ff004334d3569497d72c695cef41a2b0debde6d7" target="_blank">233 and 233a Edinburgh Road, Castlecrag</a> was built in 1912 out of Canadian redwood.
The north-east facing, 6500 square metre property is predominantly bushland on the edge of the harbour in Sugarloaf Bay.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/12/5.%20Living%20Room.jpg" alt="" style="font-size: 12.16px;">
Vendors Terry Hey of Carlingford and his sister have decided to sell the family property.
“It would have to be the most photographed property in Middle Harbour as every boat that comes past here stops to take a photo. It’s such a great location and it’s a once in a lifetime opportunity for a lucky buyer,” Hey said.
“Our father (Alfred) bought the property at age 24 years old in 1938 and he moved back into it in the 1970s and lived there for many years before he passed away at the of age 99 years.”
“The tidal pool is adjacent with the heritage listed house and while you cannot own the tidal pool the rates with Maritime are very reasonable.
“There is nothing like this in Sydney Harbour for its bushland and isolation.
“The property has been in the family since the 1930s and in the last 40 years I have been looking after the place but it’s time for us to move on.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/12/RS18330_DJI_0009.jpg" alt="">
Keane said it was a unique opportunity for buyers.
“This property and land with both lots, totals more than 6500 square metres (approx) which is a rare commodity in Sydney and Australia for that matter with the Australian Bureau of Statistics estimating an average Aussie block size of 474 square metres,” Keane said.
“It has been in the same family for over 80 years and is one of only three homes that were positioned down on the water overlooking Sugerloaf Bay.”
“This is the only one of the three that remains privately owned. The other two properties are owned and rented out by council. This is literally a once in a lifetime opportunity said.”
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Home on Sydney Harbour listed for first time in 80 years

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Pangloss, a Castlecrag four bedroom home of both architectural and historical significance, is set for September 27 auction. 
It has been listed by Bernard Ryan and Chris Keane from Ray White Lower North Shore. 
Defined by its two symmetrical wings and natural sandstone, the design of Pangloss at<a href="https://www.realestate.com.au/property-house-nsw-castlecrag-129203662" target="_blank"> 3 The Bastion</a> is an original compilation between two of Australia's most noteworthy architects, Walter Burley Griffin and Eric Nicholls.
The home comes with the theatrical circular living room, formal dining room with Art Deco fireplace, multi-purpose TV room, kitchen with integrated Miele dishwasher, Master suite pavilion, and other three bedrooms. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/17/castlecrag%202.jpg" alt="">
Other highlights include heated saltwater pool, Tallowwood timber floors, garden water system and landscaping including vine covered turrets, lush gardens and outdoor shower.
It is within walking distance to celebrated restaurants and cosmopolitan cafes along with popular schools and express buses.
The suburb's median house price sits at $2.78 million, according to CoreLogic. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/17/castlecrag%203.jpg" alt="">
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Walter Burley Griffin and Eric Nicholls collaboration in Castlecrag set for auction

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The Bulwark is one of Castlecrag's premier addresses and is where some of the finest examples of architecture from the late Bill Lucas are located.Bill Lucas are located.
Lucas built his family home with architect wife Ruth Harvey on the bushland street in 1957.
Dubbed The Glass House, constructed out of steel and glass, the four bedroom home was the first Lucas built on The Bulwark.
It last traded for $560,000 in 1998.
A decade later he would put his name to the two neighbouring homes.
Two years ago one of the homes sold for $2,055,000, and now the home next door is up for sale.
The <a href="https://www.realestate.com.au/property-house-nsw-castlecrag-128323794" target="_blank">four bedroom family home</a> retains its Mid-century modernism, with split levels, white painted ceilings, open treat stairs, slate floors and a fish tank.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/28/CRAG2.jpg" alt="">
It spans three storeys with six different levels and integrates sandstone boulders that form part of the walls in the lower levels.
Entry to the home below street level is through a semi-tropical landscaped garden, with a curved path leading to a bridge across to the front door. The 740 sqm parcel of native bush leads down to Sailors Bay.
A number of outdoor decks and balconies overlook Castle Haven Reserve.  
Modern House agent Marcus Lloyd-Jones has the listing. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/28/CRAG3.jpg" alt="">
In his early days, Lucas designed Moonbah Ski Lodge in Thredbo.
He was a part-time lecturer at the School of Architecture of the UNSW for a decade.
He and Harvey headed up the Paddington Society, which prevented the inner city suburb from comprehensive redevelopment and keep its charm and grandeur.
Worked on an off with Cracknell &amp; Lonergan Architects.
 
 
  
 
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The Bulwark, Castlecrag's Bill Lucas Mid-century modern home listed

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A four-bedroom home at 7 The Scarp, Castlecrag sold at weekend auction for $3.4 million through Phillips Pantzer Donnelley.
The Alex Popov-designed residence is known still among the neighbourhood as "Jane Campion's house."
But it was offered by Axolotl co-founder Kris Torma and his partner, Suzanne Dutton.
The Oscar-winner had sold the property in 2008 for $1.65 million.
Leonard Teale, the 1970s actor known for his role in TV drama Homicide, called The Scarp property home until he died in 1994, and his wife Liz Teale sold it in 1998 for $900,000.
The price guidance was $3 million to $3.3 million.
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Alex Popov-designed Castlecrag trophy sold

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Historic Duncan House, which is quintessential Castlecrag, has been sold.
It was the last house in the suburb designed by architect Walter Burley Griffin when built in 1934 for Frank and Anice Duncan.
It features a distinctive facade of sandstone and knitlock concrete blocks. 
It has only had the three owners selling first in 1989 at $430,000.
The late Dick Crebbin, who was chairman of the Marrickville Holdings margarine manufacturing company, and his wife Joan purchased it in 1997 for $1,075,000, having sold their nearby Penhallows estate.
<a href="https://www.domain.com.au/real-estate-agent/heidi-king-820394/" target="_blank">Heidi King, of LJ Hooker Castlecrag</a> had the offering listed for recent auctions with expectations around $3 million.
King said it was the vision of the original Castlecrag where closeness to the garden and nature were integral elements of housing design.
"A rare opportunity to secure one of the 14 Burley Griffin designed homes," she said of the waterfront reserve home which has an 1989 addition at the front of the four bedroom house.
The Duncan's inspired the formation of the Walter Burley Griffin Society.
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Historic Duncan House, Castlecrag, sold

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Former Macquarie Bank executive Michael Carapiet and wife Helen have listed their long-held family home in Castlecrag.
The couple have owned the five bedroom home with swimming pool and spa since paying $1,865,000 in 1998.
McGrath Northbridge agents David Howe and Harriet Halmarick have a March 4 auction guide of $5.7 million to $6.2 million.
The couple are off to Northbridge.
Michael is chair of the ASX-listed Link Group. He was a member of Macquarie Group's Executive Committee from 2005 until he retired in 2011.
The veteran investment banker headed Macquarie Capital during Macquarie's rapid growth as an investment bank. 
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Former Macquarie Bank executive lists in Castlecrag

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Dr Stanley Quek, owner of diversified real estate group Greencliff, has bought the Quadrangle Shopping Village in Castlecrag, on Sydney’s lower north shore for $25 million.
The neighbourhood shopping centre is located on the corner of busy Eastern Valley Way and Edinburgh Road.
It has been acquired from the Mok family who had held the property for over 30 years in an off-market direct yield of just under 5 percent.
Current tenants of the shopping centre include IGA, Rodney Clark and Australia Post, as well as a number of convenience retailers and food and beverage operators.
The purchase represents Greencliff’s continued diversification in the property space following Dr Quek’s retirement as CEO and chairman of Frasers Property Australia.
Dr Quek said he wanted to bring "exciting concepts" to the neighbourhood village.
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Greencliff's Stanley Quek acquires Castlecrag Shopping Village

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Optometrists Anthony and Gina Chapman-Davies have listed their waterfront Castlecrag property.
It was built by a family member in the 1960s.
Set on a 1005-square metre block and inclusive of a boatshed, jetty, slipway and pontoon, the four-bedroom house spans two floors, with living areas and a bathroom on each level.
There are DA-approved plans to rebuild.
The property is listed for September 17 auction with Heidi King of LJ Hooker Castlecrag who has $5 million hopes.
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Castlecrag offering by optometrists

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Relatively low auction numbers continue to contribute to high clearance rates.
Although the 471 auctions listed on Saturday were higher than the previous weekend’s 394, auction numbers remained seriously below the 727 auctioned on the same weekend last year.
Regional results were remarkably consistent, with all areas sharing in the booming market, Dr Andrew Wilson at Domain advised.
The upper north shore recorded the highest clearance rate at 88.9 percent and the highest sales at 48.
This was followed by the lower north at 87.5 percent, the south at 86.3 percent, the northern beaches at 84.4 percent, the central coast at 83.3 percent, the north west at 81.8 percent, the inner west at 81.1 percent, Canterbury Bankstown at 79.3 percent, the west at 78.3 percent, the south west at 77.8 percent and the city and east with a clearance rate of 77.1 percent.
Notable sales reported at the weekend included a six-bedroom home at <a href="https://www.domain.com.au/219-edinburgh-road-castlecrag-nsw-2068-2012926449">219 Edinburgh Road, Castlecrag</a> (above) sold for $3.65 million by Richardson and Wrench Castlecrag and Northbridge/Sotheby’s Realty.
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