<p data-end="186" data-start="128">ANZ believes the Reserve Bank is in no rush to move again.</p>

<p data-end="441" data-start="188">Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.</p>

<p data-end="508" data-start="443">That positioning, in ANZ’s view, makes a June rate hike unlikely.</p>

<p data-end="680" data-start="510">The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.</p>

<p data-end="1015" data-start="682">The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.</p>

<p data-end="1098" data-start="1017">As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.</p>

<p data-end="1345" data-start="1100">Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.</p>

<p data-end="1436" data-start="1347">Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.</p>

<p data-end="1678" data-start="1438">The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.</p>

<p data-end="1755" data-start="1680">Ultimately, most members leaned toward the inflation side of that equation.</p>

<p data-end="2082" data-start="1757">Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.</p>

<p data-end="2101" data-start="2084">That’s important.</p>

<p data-end="2239" data-start="2103">While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.</p>

<p data-end="2597" data-start="2241">ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.</p>

<p data-end="2733" data-start="2599">That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.</p>

<p data-end="2807" data-start="2735">However, where ANZ diverges from the RBA is on the outlook for activity.</p>

<p data-end="3152" data-start="2809">The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.</p>

<p data-end="3176" data-start="3154">ANZ is less convinced.</p>

<p data-end="3464" data-start="3178">The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.</p>

<p data-end="3528" data-start="3466">That divergence matters because it shifts the balance of risk.</p>

<p data-end="3740" data-start="3530">If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.</p>

<p data-end="3855" data-start="3742">It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.</p>

<p data-end="3945" data-start="3857">The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.</p>

<p data-end="4135" data-start="3947">On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.</p>

<p data-end="4176" data-start="4137">For now, the Board is choosing to wait.</p>

<p data-end="4286" data-start="4178">But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.</p>

<p data-end="4423" data-start="4288">In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.</p>

<p data-end="4494" data-start="4425">For borrowers, it reinforces the reality that relief is not imminent.</p>

<p data-end="4686" data-start="4496">And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.</p>

<p data-end="4774" data-is-last-node="" data-is-only-node="" data-start="4688">According to ANZ, it is a balance that is becoming increasingly difficult to maintain.</p>


Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<p><a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.</p>

<p>The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.</p>

<p><a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.</p>

<p>[smartcode_project:default project_id=135663 project_image_fid=360477]</p>

<p>The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.</p>

<p>Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.</p>

<p>VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.</p>

<p>“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.</p>

<p>[smartcode_project:default project_id=135663 project_image_fid=360505]</p>

<p>The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.</p>

<p>The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.</p>

<p>Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.</p>

<p>[smartcode_project:default project_id=135663 project_image_fid=360473]</p>

<p>BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.</p>

<p>The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.</p>

<p><a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.</p>

<p>The first stage of Cumulus Grand Villas is targeting completion in 2026.</p>

<p>[smartcode_project_cta:default project_id=135663]</p>


VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

<p data-end="89" data-start="0">Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.</p>

<p data-end="659" data-start="141">The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.</p>

<p data-end="1018" data-start="661">For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.</p>

<p data-end="1087" data-start="1020">Waverley Council’s response has been to move early, and decisively.</p>

<p data-end="1547" data-start="1089">Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.</p>

<p data-end="1547" data-start="1089"><img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" /></p>

<p data-end="2067" data-start="1591">At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.</p>

<p data-end="2123" data-start="2069">That repositioning is built around four key ambitions.</p>

<p data-end="2424" data-start="2125">The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.</p>

<p data-end="2897" data-start="2426">The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.</p>

<p data-end="2951" data-start="2899">Oxford Street Mall sits at the centre of that shift.</p>

<p data-end="3478" data-start="2953">Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.</p>

<p data-end="3478" data-start="2953">&nbsp;</p>

<p data-end="3562" data-start="3480">The second ambition is to transform Bondi Junction into a world-class interchange.</p>

<p data-end="3890" data-start="3564">Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.</p>

<p data-end="4240" data-start="3892">The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.</p>

<p data-end="4296" data-start="4242">The third ambition focuses on greening and open space.</p>

<p data-end="4709" data-start="4298">One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.</p>

<p data-end="5076" data-start="4711">The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.</p>

<p data-end="5183" data-start="5078">The fourth ambition is perhaps the most important from a development perspective: growth that gives back.</p>

<p data-end="5501" data-start="5185">Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.</p>

<p data-end="5842" data-start="5590">New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.</p>

<p data-end="6327" data-start="5890">The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.</p>

<p data-end="6732" data-start="6381">Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.</p>

<p data-end="6980" data-start="6734">It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.</p>

<p data-end="7137" data-start="6982">Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.</p>

<p data-end="7519" data-start="7139">Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.</p>

<p data-end="7843" data-start="7556">The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.</p>

<p data-end="8108" data-start="7845">This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.</p>

<p data-end="8528" data-start="8161">Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.</p>

<p data-end="8654" data-start="8530">That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.</p>

<p data-end="8710" data-start="8656">&nbsp;</p>

<p data-end="8710" data-start="8656">&nbsp;</p>

<p data-end="9626" data-start="9587">&nbsp;</p>

<p data-end="10207" data-start="9884">If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.</p>


“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

<p>Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.</p>

<p>Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.</p>

<p>The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.</p>

<p>Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;</p>

<p><img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" /></p>

<p>The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.</p>

<p>The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.</p>

<p>Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.</p>

<p>While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.</p>

<p><img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" /></p>

<p>Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;</p>

<p>The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;</p>

<p>Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;</p>

<p>Blair House, also on St Georges Road, sold for $74.5 million in 2022.</p>


First look: Toorak Pavilions slated for dress circle St Georges Road

<p data-end="205" data-start="54">Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.</p>

<p data-end="443" data-start="207">A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.</p>

<p data-end="694" data-start="445">The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.</p>

<p><img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" /></p>

<p>The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”</p>

<p>The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.</p>

<p>Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.</p>

<p>The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.</p>

<p>“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.</p>

<p><img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" /></p>

<p>The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.</p>

<p>Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.</p>


First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

Cricket

<html><body>
<p>Cricket Australia board member Michael Kasprowicz is selling his long held 1900s Petrie Terrace investment property in Brisbane's inner west.</p>
<p>Kasprowicz, who has renovated the two level home during his 17 year ownership, paid $280,000 for the traditionally crafted cottage in 2000.</p>
<p>Space Property Agents Nicole Devine has the listing.</p>
<div class="mod" data-md="30" data-ved="0ahUKEwjzsMusotDUAhWFsJQKHVC7DYIQkCkInQEoAjAO">Kaprowicz and wife Lindsay are Hendra based.</div>
<p>Kasprowicz, who made 38 Test appearances for Australia, is Queensland's all-time leading wicket taker.</p>
<p>He has been on the board at Cricket Australia since 2011.</p>
<p>Last year he was made Queensland Cricket interim CEO before being beaten to the permanent job by former television executive Max Walters.</p>
<p><em>This article first appeared in </em>The Weekend Australian.</p>
</body></html>

firstname1-iYD4UYzvBa

Former cricket star Michael Kasprowicz lists Petrie Terrace investment

<html><body>
<div>With <span id="0.5846416397337644">cricket</span> season spicing up our summer, Property Observer took a look at the best backyard <span id="0.864627114398903">cricket </span>pitches across Australia. Some have been sold and some are for sale.</div>
<div> </div>
<div>1. <a href="https://www.realestate.com.au/property-house-qld-millbank-120954850" target="_blank">31 Diamond Street, Millbank, QLD </a>(pictured above)</div>
<div> </div>
<div>Sitting on 4070 sqm is a beautiful <span id="0.7477409907410946">cricket</span> wicket which encourages the straight-drive with the pull shot not an option with the four man bay shed.</div>
<div> </div>
<div>The massive eight bedroom house sold for $440,000 through Hugh McKid of Location Property Agents.</div>
<div> </div>
<div>2. <a href="https://www.realestate.com.au/property-house-nsw-lavington-120939666" target="_blank">3 Abbott Drive, Lavington, NSW</a>
</div>
<div>
<br>Located on a 4,000 square metre block, the low maintenance grounds include a <span id="0.9365826007488334">cricket</span> pitch with rear access <span id="0.865291390582464">and </span>sprinkler system.</div>
<div> </div>
<div>The property has been listed for sale at $879,000 by Mark Rosevear <span id="0.8035429697799732">and</span> Clinton Harvey of Wodonga Real Estate.</div>
<div> </div>
<div>3. <a href="https://www.realestate.com.au/property-house-wa-sorrento-121403258" target="_blank">32 Ashmore Way, Sorrento, WA</a>
</div>
<div> </div>
<div>The property doesn't feature a wicket per se, but there is a long stretch of artificial grass for a bowlers run up <span id="0.23111241483064715">and</span> a small space for defensive shots.</div>
<div> </div>
<div>The five bedroom property sold at auction on December 28, 2015 for $1.55 million.  </div>
<div> </div>
<div>4. <a href="https://www.realestate.com.au/property-house-nsw-bowral-120699489" target="_blank">52 Thompson Street, Bowral, NSW</a>
</div>
<div> </div>
<div>This property makes the list simply because Bowral was the birth place of Australian legend Sir Donald Bradman.</div>
<div> </div>
<div>The southwest suburb of Sydney homed Bradman who would have relished the prospect of practicing on such a wicket in the 1900's when he was a child.</div>
<div> </div>
<div>The property was sold in November 2015 for $495,000 by Lewis Harelle of Ray White.</div>
<div> </div>
<div>5. <a href="https://www.realestate.com.au/property-house-qld-burbank-120726225" target="_blank">1190 Mt. Cotton Road, Burbank, QLD</a>
</div>
<div> </div>
<div>A full length concrete pitch on the 2.83 hectare land is met by nets so you don't have to continue to fetch the ball when you smash those sixes.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/03/1190%20Mount%20Cotton%20Road-2.jpg" alt=""></div>
<div> </div>
<div>Corrine Guterres sold the property for $1.85 million in October 2015. </div>
<div> </div>
<div>6. <a href="https://www.realestate.com.au/property-house-nsw-mosman-121076214" target="_blank">46 Somerset Street, Mosman, NSW</a>
</div>
<div> </div>
<div>The house lights up the small synthetic grass wicket where you can practice your defensive game with the netting behind making a wicket keeper unnecessary.</div>
<div> </div>
<div>The three bedroom home sold for $2.88 million in November 2015 through Bernard Ryan <span id="0.40113145342457823">and</span> Geoff Smith of LJ Hooker.</div>
<div> </div>
<div>7. <a href="https://www.realestate.com.au/property-house-vic-ivanhoe+east-115259503" target="_blank">27 Beauview Parade, Ivanhoe East, VIC</a>
</div>
<div> </div>
<div>The <span id="0.24167802212927514">cricket</span> wicket, accompanied by a putting green sold at auction for $1.83 million at the end of November 2013.</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/03/27%20Beauview%20Parade.jpg" alt=""></div>
<div> </div>
<div>One for the bowlers, there's not much room to bat but some greenery behind the batsman will ensure the ball doesn't end up next door.</div>
<div> </div>
<div>8. <a href="https://www.realestate.com.au/property-house-qld-chandler-120339449" target="_blank">240 Charleton Street, Chandler, QLD</a>
</div>
<div> </div>
<div>Recently sold, the five bedroom family home has a wicket surrounded by an enclosed netting cage. </div>
<div> </div>
<div>James Curtain<span id="0.6298726376023127">and</span> David Taylor sold the property that traded for $2.185 in 2008 for $1.9 million in August 2016.</div>
<div> </div>
<div>9. <a href="https://www.realestate.com.au/property-house-nsw-mittagong-119914765" target="_blank">129 Bong Bong Road, Mittagong, NSW</a>
</div>
<div> </div>
<div>Environmentalist <span id="0.722907608035047">and</span> musician Peter Garrett's home sold for $2.8 million in April 2016 through listing agent John Renouf of Drew Lindsay Real Estate.</div>
<div> </div>
<div>The five bedroom home has a wicket perfect for a batsman to drive all day.</div>
<div> </div>
<div>10. <a href="https://www.realestate.com.au/property-house-wa-dianella-124048542" target="_blank">24 Ballarat Way Dianella, WA</a>
</div>
<div>
<br>The two storey family house sits on a big 809 square metre block <span id="0.44336702918232085">and</span> has a purpose built <span id="0.5319774684925738">cricket</span> pitch.</div>
<div> </div>
<div>The property has been listed for sale at $1.125 million by Mark <span id="0.26233092805553726">and</span> Debra Passmore of Passmore Real Estate. </div>
<div> </div>
<div>However the cricket pitch does not appeared to be photographed.</div>
<div> </div>
<div>11. <a href="https://www.realestate.com.au/property-house-qld-oxenford-124406430" target="_blank">27 California Drive, Oxenford, QLD</a>
</div>
<div> </div>
<div>The Oxenford home features lawns of just synthetic turf. </div>
<div> </div>
<div>Brambling Property Hendra selling agent Ann-Marie Warhurst told The Courier Mail the home was ticking a lot of boxes for families. </div>
<div> </div>
<div>The 1151sq m property is on the market for offers over $650,000.</div>
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Cricket pitches at home - 11 of the best pitches on offer

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<p>Cricketer Mitchell Starc has listed his Mosman home after he bought the North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.</p>
<p>The luxury new build at North Curl Curl home cost the 26 year old Baulkham Hills-born fast bowler a bullish $5,235,000.</p>
<p>Starc bought the property <span>in </span>Mosman for $4.55 million back in 2014. <a href="https://www.realestate.com.au/property-house-nsw-mosman-124151974" target="_blank">It is listed</a> for December 10 auction. </p>
<p>Set at the end of the Botanic Road cul-de-sac, the five-bedroom property includes a dramatic entry with soaring ceilings, walls of glass and a rooftop terrace. Offered through McGrath Mosman’s Michael Rava, it has $5.5 million hopes.</p>
<p>His prior home was at Breakfast Point pad, which fetched $1,275,000 on its sale.</p>
<p>Starc and his now wife, Southern Stars cricketer Alyssa Healy, had paid $960,000 in 2012. </p>
<p>Starc's fellow new ball partner in the Australian Test team attack, Josh Hazlewood, recently secured a Hunters Hill property for $3.8 million.</p>
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jchancellor-FAypfDUnLy

Australian cricket star Mitchell Starc lists in Mosman

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<p>Australian cricketer Josh Hazelwood has splashed $3.8 million on a Hunters Hill home.</p>
<p>The recently built four bedroom, three bathroom home sits on a 500 square metre block.</p>
<p>It features dedicated lounge and media rooms, an upper level lounge with balcony and an alfresco retreat with outdoor kitchen that overlooks the pool.</p>
<p>It's the first foray into the Sydney property market for the 25 year old from Tamworth. At 17, Josh Hazlewood became the youngest fast bowler to be selected by New South Wales when he faced New Zealand in November 2008.</p>
<p>The 1.96 metre tall bowler stood out in the auction crowd last weekend when it was offered by McGrath Hunters Hill agent Tracey Dixon. </p>
<p>Hazlewood made his senior debut for Australia at the age of 17 at the SCG against New Zealand in 2008.</p>
<p>He reached 50 career wickets in just his 12th Test, faster than Shane Warne, Glenn McGrath and Mitchell Johnson.</p>
<p><em>This article first appeared in </em>The Sunday Telegraph.</p>
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Josh Hazelwood secures Hunters Hill home

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<p>The former Australian cricket captain Michael Clarke and wife Kyly have reduced their asking price on their redundant Southern Highlands retreat.</p>
<p>They've slashed the price of <a href="https://www.drewlindsay.com.au/property/round-hill-berrima/" target="_blank">Round Hill</a> to $5 million after having initial $6.5 million hopes back in March last year.</p>
<p>They have also changed agents with Drew Lindsay now at the sales crease. </p>
<p>He's been the selling agent for the Berrima property three times before.</p>
<p>Their $6.5 million price tag seemed a little too ambitious as they bought the sprawling 93 hectare estate for $3.1 million in 2012.</p>
<p>Interior designer Kyly has since added her professional touch and renovations inside the four bedroom house.</p>
<p>A swimming pool and pool house have also been added.</p>
<p>The listing comes with the famous cricket oval, which was the driving force behind the purchase.</p>
<p>Clarke was ready to set up his long-awaited cricket academy, but later opted to do so in the city close to their Vaucluse home.</p>
<p>The Berrima homestead was design by Richard Rowe featuring a conservatory style kitchen.</p>
<p>There's a full sized tennis court and separate self-contained guest studio.</p>
<p>The property also lends itself to equine interests. There's post and rail fencing, shelter sheds, horse stables, cattle yards, a large barn and an open sand arena.</p>
<p><em>This article first appeared in </em>The Daily Telegraph.</p>
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Michael Clarke drops asking price to $5 million for Round Hill

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<p><span>The former Australian cricket captain Steve Waugh and his investment banking friend Dean Honan,</span><span style="line-height: 1.3em;"> the former Morgan Stanley vice-president, have announced a new property initiative.</span></p>
<p><span style="line-height: 1.3em;">Early next year they will </span>launch<span style="line-height: 1.3em;"> Waugh Global Realty - part-owned by Waugh, Honan and Indian development tycoon Tarun Mehrota of Puri Constructions - which aims to sell off the plan investment properties to Indian expats living in Australia.</span></p>
<p>The firm will focus on the luxury end of the market for<span style="line-height: 1.3em;"> investors.</span></p>
<p><span style="line-height: 1.3em;"> A percentage of the profits will go to Waugh's charity projects, Fairfax Media reported.</span></p>
<p>The business will sell the property with Puri undertaking the construction.</p>
<p><span style="line-height: 1.3em;">"Both Steve and I think that with Prime Minister Narendra Modi now at the helm and opening up the markets and removing the barriers, the sky's the limit for the Indian market," Fairfax Media </span>was told by Dean Honan.</p>
<p><span style="line-height: 1.3em;">Waugh is already involved </span>in India through Sporting Edge Communities which offers sports and recreation-related town planning advice to Indian property developers.</p>
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Steve Waugh targets Indian expats with new property initiative

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<p>Cricketer Shane Watson and wife Lee Furlong have indicated they will take $3.95 million for their five bedroom Caringbah South home in Sutherland Shire which went to early <span>October auction.</span></p>
<p>Their deep waterfront home had initial $4 million plus hopes for the two level offering.</p>
<p><span>The couple bought the new Grandview Parade house with a jetty and pontoon on Burraneer Bay <span>in 2010 for $3.9 million.</span></span></p>
<p><span><a href="https://www.domain.com.au/property/for-sale/house/nsw/caringbah-south/?adid=2011413568" target="_blank">It is listed with Highland Property</a>'s David Highland and Mitchell Wynn.<br></span></p>
<p><span>The couple recently sold a Gold Coast investment property.</span></p>
<p>The Watsons' difficulty in securing a good price is similar to <a href="/news/michael-clarke-lowers-price-for-redundant-sutherland-shire-home">Michael and Kyly Clarke's situation with their Sutherland Shire offering</a>.</p>
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Cricketer Shane Watson seeks $3.95 million in Sutherland Shire

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<p>The injured Australian cricket captain Michael Clarke has reduced the price expectations on his Lilli Pilli house, having missed Sydney's property market resurgence.</p>
<p>There was <span style="line-height: 1.3em;">$2.7 million plus price guidance for its August McGrath auction - which is less than his 2006 purchase price of</span><span style="line-height: 1.3em;"> $2.87 million.</span></p>
<p><span style="line-height: 1.3em;">The pricing came </span>despite<span style="line-height: 1.3em;"> its post-2006 renovation.</span></p>
<p><span>Back in 2009, Clarke thought of quitting the Sutherland Shire but failed to achieve his then $3.4 million hopes.</span></p>
<p>Now, some two months after auction, <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">there are $2.4 million plus expectations</a> for <a href="https://www.mcgrath.com.au/buy/house-lilli-pilli-nsw-2229/206824/?searchID=41873569" target="_blank">t</a>he contemporary five-bedroom, four-bathroom split-level house that comes with pool, spa and boat shed on its 1,670 square metre bushland riverfront block.</p>
<p><span style="line-height: 1.3em;">Earlier this year Clarke and wife, Kyly spent $8.3 million in Vaucluse.</span></p>
<p><span style="line-height: 1.3em;">Clarke is currently in a race to prove his fitness for the upcoming test series against India, having succumbed to his third hamstring injury this year.</span></p>
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Michael Clarke lowers price for redundant Sutherland Shire home

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<p>Test cricketer David Warner has secured $650,000 for the two bedroom Maroubra apartment which he purchased as a first home buyer in late 2009 for $562,000.</p>
<p>Warner now lives at a $6.25 million clifftop South Coogee house with fiancée Candice Falzon which was bought earlier this year from the property developer and former Secret Millionaire Carly Crutchfield.</p>
<p><span style="line-height: 1.3em;">The top floor 1950s Bentleigh block apartment has been most recently leased with a $600 a week asking rent, reflecting a 4.8% yield. It was initially available around early 2012 with its asking rent at around $560 a week.</span></p>
<p><span style="line-height: 1.3em;">The Maroubra Road apartment sold ahead of its October 27 <a href="https://www.newhousepower.com.au/index.cfm?pagecall=property&amp;propertyID=2743772&amp;realestate=232_Maroubra_Road_MAROUBRA_NSW_2035%20&amp;propertyStatus=SoldRented" target="_blank">Newhouse Power auction</a>.</span></p>
<p><span style="line-height: 1.3em;"><span>After breaking onto the international cricket scene in the 2008/09 season with a series of explosive hitting performances, Warner <span>is now a key member of the</span> Test team, currently touring the United Arab Emirates in matches against Pakistan, batting on with stomach illness this week.</span></span></p>
<p><span style="line-height: 1.3em;">Their new home is a three level home commanding 180 degree views across the Pacific Ocean to Bondi.</span></p>
<p>David Warner secured $1.88 million when his Little Bay home sold before the upgrade.</p>
<p>The batsman had purchased the property for $1.75 million in 2012.</p>
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Cricketer David Warner sells Maroubra first home at 4.8% yield

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<p>The Melbourne Cricket Club Foundation has sold two Jolimont heritage homes.</p>
<p>They had been listed with a $6 million combined expectation.</p>
<p class="property-title">Bromo, <span>at </span><span>28 Jolimont Terrace was built in 1865 for John Bruce, father of former prime minister Stanley Melbourne Bruce, according to the East Melbourne Historical Society, before their move to St Kilda.</span></p>
<p class="property-title"><span>It</span><span> was expected to fetch mid-$2 million.</span></p>
<p class="property-title"><span>The two-storey, six-bedroom residence, at 26 Jolimont Terrace with bluestone cellar, had mid-$3 million expectations.</span></p>
<p>Number 26, configured as office space, sold for $4.1 million with three bidders, while n<span style="line-height: 1.3em;">umber 28, a Victorian terrace house on 347 square metres, passed in at $2.45 million, but sold later.</span></p>
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