<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, Castile, 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]

Joel Robinson

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

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Celebrity News

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Bec and Lleyton Hewitt have adjusted the price guidance on their three-storey Palm Beach retreat.
They initially were seeking more than $5.5 million. <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-116248643" target="_blank">Late last month the guidance was reduced</a> to $5 million plus.
They married in July 2005, having settled the property purchase just two weeks before. The Palm Beach Road house cost $4.4 million. 
The couple, parents to three kids, Mia, Cruz and Ava, live mostly in the Bahamas, buying a home in Nassau in 2009 for $3.8 million.
The now redundant Sydney northern beaches' weekender is listed with Glenn Lee of Raine &amp; Horne Palm Beach.
Meanwhile Australia's former consul-general in New York, businessman Phillip Scanlan and his wife Julie secured around $5 million earlier this month for their Palm Beach retreat on Florida Road. 
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jchancellor-FAypfDUnLy

Lleyton Hewitt adjusts Palm Beach holiday home price net

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Never has a commercial property sale been so loved! Celebrity publicist Roxy Jacenko has reportedly spent $2.66 million to buy commercial offices in Paddington.
And since she posted the news on her instagram page - along with picture of the sales contract - there have been 446 loves.
"Too excited about the purchase of our new HQ ! 7-13 Elizabeth St, Paddington," <a href="https://web.stagram.com/n/sweatybettypr/?npk=756756235115658913_28522142" target="_blank">Roxy posted</a>.
<div class="photobox">
<div class="mainimg_wrapper"><a class="mainimg" href="https://web.stagram.com/p/755293140740570576_28522142"><img src="https://scontent-b.cdninstagram.com/hphotos-xfp1/t51.2885-15/10523523_701550963249644_970224094_a.jpg" width="306"></a></div>
</div>
The 7-13 Elizabeth Street premises, on parkland opposite Paddington Public School on the southern side of Oxford Street, will be the ­headquarters for her Sweaty Betty PR firm and talent agency The Ministry of Talent.
The two-storey mixed use property comprises 250 square metres internal space, two kitchenettes and a private internal courtyard garden.
<a href="https://www.commercialrealestate.com.au/property/2011190631/for-sale/nsw/paddington/development-land" target="_blank">CBRE sold the property</a> which last traded in 2011 at $3 million.
The group is currently headquartered in ground floor space at 52 Queen Street in Beaconsfield, a 1920s property which her divorcing parents bought for $2 million in 1996.
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Roxy Jacenko secures Paddington office headquarters

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The Spanish-style estate of Reese Witherspoon and her husband, talent agent Jim Roth, is on the market.
At just over 0.5 hectares, Witherspoon’s double plot is a fraction of the size of the sprawling grounds that housed her Cruel Intentions character, Annette Hargrove, whose scenes at Mrs Rosemont’s house were filmed at the famous 64.5 hectare Old Westbury Gardens.
Even so, the property’s <a href="https://340northgunston.com/" target="_blank">US$14 million price tag</a> is nothing to sniff at.
Witherspoon’s Brentwood estate, in sweet home California, is situated at the end of a cul de sac in the gated Brentwood Circle community. The home has five bedrooms, each with its own bathroom with shower (which Witherspoon no doubt avoids for 24 hours after a perm) and a powder room. The master bedroom has a vaulted ceiling, fireplace, lavish marble bath, in built robes and a separate gym or office.
The house has a double height entry leading to a formal living room, formal dining room and a cozy library, where one could curl up around a copy of Les Laisons Dangereuses. 
The eat-in kitchen and family home open through French doors to the gardens and lawns, allowing residents to walk the line between the indoors and outdoors.  Outside, there is also a pool, which would hold enough water for elephants, and a spa, perfect for filming an application video for law school. The family friendly gardens hold a sunken trampoline, children’s playground and vegetable gardens.
Australia also makes its mark on Witherspoon’s home, with tall eucalyptus trees on the property.
Witherspoon’s home is selling through David Offer. A 2,682 square metre portion of the property is also available to purchase separately.  
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jrichardson-uRX5hFdKfN

Elle Woods farewells Brentwood: Reese Witherspoon lists home

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Property advertisements are governed under state and territory rules and regulations that define when something is misleading.
Today, we turn our attention to New South Wales’ Fair Trading and their guidelines around the advertising of real estate, as governed under the Property, Stock and Business Agents Act 2002 as well as the Fair Trading Act 1987.
Firstly, we note that something is misleading or deceptive if “it is likely to lead a reasonable or ordinary member of the class of persons to whom it is directed into error”.
If you are found to have engaged in this conduct, then the maximum penalty is 200 penalty units, which equates to $22,000. However, heftier fines may be imposed for those to also be found to have breached section 30 of Australian Consumer Law, which applies to the sale of land or interest in land. This could see you face a $220,000 fine in the case of an individual, or $1.1 million for a company.
To avoid the section 30 fine, you must not make false or misleading representations about the nature of the interest, the price payable, the location, the characteristics, the use to which it is capable of being put or may lawfully be put or the existence/availability of facilities.
This covers advertisements in newspapers, periodicals or other publications, public displays (on buildings, vehicles, place or in the air), in any document sent or delivered to anyone or left at the premises, on radio or television, or on a website or email.
ONE
Omission or silence around facts can be misleading. Your intent to mislead or not is irrelevant. What matters is the likely effect on reasonable or ordinary members of your target audience and the overall impression created.
TWO
It is not limited to your words – the photographs can be scrutinised for misleading conduct as well. Views and facilities are particularly important to focus on getting right.
Here are six scenarios of photographs, from Fair Trading, that are “undesirable” and likely to mislead:
<ul>
<li>A water view or scenery, placed next to a photograph of a house, makes it difficult to ascertain whether the water view or scenery can be seen from the house or whether the photograph is a 'location shot' 
</li>
<li>A beach scene with the wording 'minutes to this!' typed above the photograph does not give a clear indication of the distance from the property to the beach shown in the photograph 
</li>
<li>A park and beach with the wording 'opposite home' where, in fact, this view cannot be seen from the property 
</li>
<li>A house placed next to a photograph of a beach with the wording 'stroll to beach' printed underneath the photograph does not give a clear indication of the distance from the property to the beach 
</li>
<li>A beach with the wording '90 seconds walk to waters edge, not actual view' printed at the bottom of the photograph needs more clarification 
</li>
<li>A photograph on the internet of a beach with the wording '100 metres from beach' printed at the bottom of the photograph needs more clarification.</li>
</ul>
THREE
“Touching up” of photographs isn’t as harmless as you might think. If you’re hiding undesirable characteristics or enhancing other features, rather than just making the photos a bit more presentable, then you could be misleading the buyers.
This includes modifying, or allowing modification, of photographs so they no longer “truthfully and fairly represent that property”. Removing or adding features digitally in a manner than changes the appearance of a property is potentially misleading. Similarly, zooming in on a view that can be seen from the property, to make it appear closer, is also potentially misleading.
FOUR
It's acceptable to use obvious labels to clarify exactly what the photograph is in relation to the property, which will allow real estate agents to take great photographs of nearby, but not visible, beaches and amenities.
Photographs of views taken from the property itself - no label required.
Photograhs of views in the immediate area, but not taken from the property - labelled 'LOCATION SHOT'.
This label should only be applied to photographs of facilities and services in the "immediate surrounding area of the property".
FIVE
When it comes to wording, there's a vague way and a more appropriate way, suggested by Fair Trading. This is particularly the case for descriptions in reference to distances - the more specific and detailed the better.
For instance, 'close to [feature e.g. beach, shops]' is not as favoured as 'Two kilometres to [feature]'. The term "within walking distance" is also preferably replaced with the real distance.
Fair Trading warns the real estate agents are responsibly for the information they provide, and claiming that buyers should make enquiries as to the accuracy of the information is not enough.
Despite this, many real estate agents provide a comment in their advertisements noting that the information should be checked by the buyer.
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jduke-EHk3XBmHkn

Five things to know about misleading property advertisements

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There was no black swan in sight, though a white swan painting hung on the dining room wall.
There's now a new $8.02 million record for Dover Heights after the six bedroom home at 246 Military Road sold at Thursday night auction.
The three storey home was <a href="https://rwdbgroup.com/nsw/dover-heights/1107322/" target="_blank">sold through Ray White Double Bay agents Daryl Rosen and Jeannine Yates</a>. About $6 million were the stated initial marketing price expectations.
The previous Dover Heights record stood at $7.1 million set in 2007. The same house resold at the lower $6.8 million when Channel 7 morning television host <a href="/expert-insights/investing/larry-emdur-says-good-morning-to-breathtaking-cliff-top-property">Larry Emdur bought on the prestigious cliff top in 2011</a>.
The highest prior Military Road price stood at the $5.97 million when the Selim family bought the <a href="/news/ed-lippmann-designed-butterfly-house-dover-heights-sells">Ed Lippmann architecturally designed Butterfly House</a>.
"No expense has been spared in the creation of this exquisite brand new tri-level masterpiece," the Ray White marketing suggested.
Capturing views over Sydney Harbour, it had been designed by the architect Julian Brenchley of Brenchley Architects, best known for their work on the Channel 9 renovation series, The Block over several series.
It came with six bedrooms and seven bathrooms.
There was a a resort-style rooftop terrace plus swimming pool, spa, sauna and steam room.
The 650 square metre block last traded at $2.7 million in 2008.
Competing Chinese Australian parties took the bidding on 246 Military Road well beyond the slightly vague low $7 millions on the market indications given by the Ray White auctioneer James Keenan.
The bid tally got to 58 bids with four parties all up seeking the property after the $6 million opening bid. The underbidders were represented by David Cohen from the hastingsproperty.com.au buyers agency.
Dover Heights has featured high on the radar of Chinese buying interest. A recent survey put it in fifth place in Sydney's top 10 most searched suburbs on the juwai.com website.
1) Sydney
2) Turramurra
3) Vaucluse
4) Mosman
5) Dover Heights
6) St Ives
7) Drummoyne
8) Hunters Hill
9) Parramatta
10) Darling Point
"Just witnessed a Chinese War for a new house on main eastern suburbs road with bus stop out front sell for $8.02m! Completely nuts!," <a href="https://twitter.com/bradceyles" target="_blank">one auction attendee tweeted</a>.
Eclipsing the Surfers Paradise office traditional status, the Ray White Double Bay team currently sits as the top selling office within the entire Ray White Group.
Its 20 strong sales team secured $119 million in sales during March.
"It is significant that this outstanding figure was achieved across a wide range of sales and prices, its not just a small handful of sales," agent Craig Pontey said.
"What this indicates to me is that the strength of market activity is now more widely spread, than might have been the case six or 12 months ago.
"This is a positive because if activity is widespread across the entire market it does help to indicate a generally health market with more people on the move, selling and trading up," he said.
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Happy as Larry as Dover Heights trophy mansion sale sets new $8 million record

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Gav and Waz, one of the competing couples in the first series of Channel Nine’s The Block back in 2003, are coming back to the city from the Byron Bay hinterland.
Title Tattle gleans they have spent about $2.25 million on a poolside Potts Point apartment.
It had to be ground floor garden given their dog, Charlie is a priority. The Richardson and Wrench agent Jason Boon showed them the ground-floor apartment in Rockwall Gardens, which was then sold by the architect Deece Giles.The Jack Russell had apparently been in residence round the corner at the Diamant Hotel since they all left the 23 hectare farm.
The Designer Boys <a href="/news/nsw/designer-boys-gav-and-waz-list-charltons-their-byron-bay-hinterland-retreat-at-3-1-million-plus">recently sold Charltons</a>, through Nicolette van Wijngaarden at Unique Estates for $3 million to the Garnham family of Watsons Bay. It was a 120 year old farmhouse on a hillside block (pictured above), which they bought in 2007 for $610,000.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">
Meanwhile Dan Reilly and Dani Wales have secured $429,500 for their one-bedroom Ark, Richmond apartment which they moved into while debuting on The Block in 2012 renovating terraces in South Melbourne.
The reality TV celebrity couple - with the twitter handle <a href="https://twitter.com/DaniandDan" target="_blank">@DaniandDan</a> - had it listed through <a href="https://www.realestate.com.au/property-apartment-vic-richmond-115965119" target="_blank">Justine Harris of Hocking Stuart</a> with a $439,000 asking price.
They paid $420,000 off the plan in late 2010, settling in late 2011, just before they moved into the derelict Cameron Street, Richmond Block set.
Melbourne unit prices have recently come in at a $448,000 median, according to the latest RP Data-Rismark index with prices up 8.9% across Melbourne just in the past year. The RP Data median unit price in 2011 was around $424,000.
Designed by Fender Katsalidis Architects, the 114/253 Bridge Road apartment has open-plan living and dining along with an outdoor entertaining area.
<img src="/images/2014/04/04/richmond%20april%203%20one.jpg" alt="">
The current <a href="/news">Richmond</a> median unit price is around $522,500, up 3% over the past year. <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/UrlBlockedError.aspx" target="_blank">There was a $525,000 median peak in 2011</a>.
Dani Wales runs the online magazine <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/redir.aspx?C=Zypvoq-Ft0-Zo--uD2WkVVUBMIcZI9EIgvcF3B5QsaRmMoZQ3xffbBvdZwi7mrZ-nA6Kk5sm-Ps.&amp;URL=http%3a%2f%2fthehome-journal.com%2f" target="_blank">The Home Journal</a>.
Dan Reilly works as a carpenter while studying to be a builder.
They bought a 114-year-old property in Seddon <a href="https://mail.privatemedia.com.au/owa/14.3.174.1/scripts/premium/UrlBlockedError.aspx" target="_blank" title="UrlBlockedError.aspx
Cmd+Click to follow link">in May last year</a> which needs renovating. It was secured for around $460,000 which was less than its previous $480,000 purchase in 2009.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34">The filming of the next Block series in <a href="/news">Prahran</a> has begun. Title Tattle gleans there's a mystery former professional sports star among the contestants who are installing apartments in <a href="/news/the-block-shifting-to-high-street-prahran-after-objectors-fail-to-lodge-vcat-appeal">a former High Street office complex</a>.
<img src="/images/stories/flagtitletat.jpg" alt="flagtitletat" width="25" height="34">An apartment that took second place in the 2004 series of The Block goes to auction this month in <a href="/news">Manly</a>. It is the second time the two-bedroom pad in Manly has traded since it sold for $872,000 in front of the cameras on behalf of renovators Jason and Kirsten Johnson. Title Tattle recalls all four of the Whistler Street units sold after renovation for silly prices.
This apartment last sold at $882,000 in 2008, so it went up $10,000 in the first four years following its renovation. 
It's now a decade later and Chris Boys, director of strategy and solutions at Dun and Bradstreet, has hopes of more than $1 million. That's around 2% growth over the past six years. 
The Whistler Street block of four was the location for the second series of the popular TV show, won by Andrew Rochford and Jamie Nicholson. Now coming with updated finishes, the garden apartment goes to auction on April 12 through Jason Pantzer, of Philips Pantzer Donnelley.
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