Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Darlinghurst

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A converted warehouse apartment by famed Allan Jack+Cottier at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-darlinghurst-132756978" target="_blank">15-19 Boundary Street</a> was sold today.
The modern Darlinghurst apartment was sold on site through Bresic Whitney for $880,000. 
The one-bedroom apartment features double-height, floor-to-ceiling glass, oak floorboards, fully-tired bathroom, and laundry, intercom entry, and a parking space on the edge of Sydney. 
The former stocking factory was bought during the height of New York's warehouse trend and redeveloped into residential spaces.
A 1949 survey map reveals the 15-19 Boundary Street factory site was known as the Lustre Hosiery Limited who employed a large number of women to work the manufacturing machinery to make stockings, socks, pyjamas. The company existed from the 1920s to the 1960s, and its warehouse has been preserved ever since.
It became apart of the October 15, 1929 edition of The Textile Journal of Australia which is available in the photographic archive of the Mitchell Library, NSW.
<a href="https://www.rwebay.com.au/9-15-19-boundary-street-former-warehouse-rushcutters-bay/" target="_blank">Professional heritage consultant, Andrew Woodhouse</a> explains that the "large concrete pylons are evidence of the strength of the floors required to support heavy industrial machinery.
"Large metal-framed windows are retained and indicate the n need for natural light, a safety requirement for women labouring on the factor floor."
 
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j.ballantyne1990-6AQqhLzZaK

Converted warehouse apartment in Darlinghurst sold 

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It comes as no surprise that <a href="https://www.walkscore.com/AU-NSW/Sydney" target="_blank">Walk Score's list</a> rates Sydney as the most walkable large city in Australia. 
The waterfront city has also been deemed <a href="https://images.arcadis.com/media/0/C/0/%7B0C0BECF6-FA5B-49B2-B332-900D50833DEE%7DAAP_MOBILITY%20INDEX_spread.pdf?_ga=2.141593266.1201163471.1579477286-416334874.1579477286" target="_blank">the second most transit-friendly</a> in the country behind Brisbane and in-front of Melbourne. Sydney provides a wide range of transport with ferries, trains, metro and the recently welcomed light rail amongst the many options available. 
Opportunities to cycle have also risen as the city's biking infrastructure has improved in recent years. Significantly more councils have bike lanes with <a href="https://www.cityofsydney.nsw.gov.au/explore/getting-around/cycling/dockless-bike-sharing" target="_blank">stationless shared bikes</a> located and accessible across the city.
<a href="https://mobike.com/au/download" target="_blank">Mobike</a> and <a href="https://www.li.me/en-us/home">LimeBike</a> operate in multiple suburbs and can be tracked and paid on their website and app. LimeBike have, since late 2018, provided <a href="https://www.li.me/electric-assist-bike" target="_blank">electric assisted bikes</a> which has helped encourage more users. 
Sydney is also diverse, home to nearly 200 nationalities, and offers a unique cultural experience with its range of cuisine, museums, galleries, and beaches. 
These are all of metrics Walk Score takes into account when deciding the rankings for each of Sydney's neighbourhoods. Without further ado, here are the <a href="https://www.walkscore.com/AU-NSW/Sydney" target="_blank">top neighbourhoods</a>. 
<h2>1. Haymarket </h2>
Walk Score: 99 | Population: 5,365
"Haymarket is a Walker's Paradise", states Walk Score. "Daily errands do not require a car in Haymarket Sydney." 
Adjacent to Darling Harbour, Haymarket includes much of Sydney's Chinatown, Thaitown and Railway Square localities. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/1_HAYMARKET%20PADDYS.jpg" alt="" width="557" height="338">
Amongst the neighbourhood's many perks, the proximity of restaurants, bars and coffee shops is highly regarded. There are about eight restaurants, bars and coffee shops, and people in the area can walk to an average of two restaurants, bars and coffee shops in five minutes. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/2_Haymarket.jpg" alt="" width="557" height="338">
Source: WalkScore 
<h2>2. The Rocks </h2>
Walk Score: 98 | Population: 683
This neighbourhood of historic laneways in the shadow of Sydney Harbour Bridge, has a diverse cluster of people. Interaction mainly takes place at the open-air Rocks Market where street food and handmade items are sold. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/2_THE%20ROCKS%20MARKET.jpg" alt="" width="553" height="336">
Source: <a href="https://www.timeout.com/sydney/things-to-do/the-rocks-night-markets" target="_blank">TimeOut</a>
The Rocks is home to Sydney's oldest pubs and many upscale harbour-view restaurants. 
This hub of culture is an urban stage of buskers who perform live along the harbour front promenade. The Museum of Contemporary Art offers local and international exhibits. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/2_Rocks.jpg" alt="" width="555" height="337"> 
Source: WalkScore 
 
<h2>3. Sydney </h2>
Walk Score: 98 | Population: 14,287
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/3_Sydney.jpg" alt="" width="550" height="334">
Source: WalkScore 
 
<h2>4. Ultimo</h2>
Walk Score: 98 | Population: 7,106
Located in the inner-city suburb of Sydney, Ultimo is only 2 km south-west of CBD. Broadway is amongst the many attractions of the neighbourhood as well as a range of heritage listed buildings. 
The corporate headquarters and Sydney studios of the Australian Broadcasting Corporation (ABC) are located in Ultimo Centre which houses an auditorium and recording stood. TCS, NITV and Aurora are also located at Ultimo Centre. 
<img src="https://www.urban.com.au/images/2020/1/20/3_Ultimo.png" alt="" width="552" height="335">
Source: WalkScore 
 
<h2>5. Surry Hills </h2>
Walk Score: 97 | Population: 15,379
A constantly evolving area, Surry Hills is notorious for its in-trend scene and cafe culture.
Hip coffee joints, fashion boutiques and global eateries can be found in terraced houses on Crown and Cleveland streets.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/4_SURRY%20HILLS%20CAT%20WALL.jpg" alt="" width="552" height="335">
Source: <a href="https://www.piqsels.com" target="_blank">Surry Hills Cat Wall</a>
This trendy neighbourhood is home to pubs, wine bars, galleries and the Surry Hills Library. 
There is a Surry Hills Market held once a month where street food and vintage goods can be found. 
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/4_Surrey%20Hills.jpg" alt="" width="553" height="336">
Source: WalkScore 
 
<h2>6. Chippendale </h2>
Walk Score: 97 | Population: 4,069
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/1/20/6_Chippendale.jpg" alt="" width="545" height="331">
Source: WalkScore 
 
Following shortly behind are the following:
<h2>7. Millers Point </h2>
Walk Score: 96 | Population: 1,742
<h2>8. Darlinghurst </h2>
Walk Score: 96 | Population: 10,096
<h2>9. Newtown</h2>
Walk Score: 95 | 14,142
<h2>10. Rushcutters Bay </h2>
Walk Score: 94 | Population: 2,378
 
 
 
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Sydney's most walkable neighbourhoods

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The no-pet ban in Darlinghurst's landmark Horizon tower has potentially been overturned.
The NSW Civil and Administrative Tribunal (NCAT) ruled the ban should be scrapped immediately.
It has been there, and strictly enforced, since the building's off the plan inception.
It had been a four and a half year campaign by a dog owner who had moved in to the block with her miniature schnauzer Angus in 2015.
The by-law was been described as "harsh, unconscionable and oppressive" by NCAT senior member Gregory Burton.
He has ordered the owners corporation “promptly to do all acts necessary to record the removal of bylaw 14”.
Architect Mark Broadley, the current chair of Horizon's Owners' Corporation, isn't sure whether Horizon will challenge the decision.
He says it will be up to the owners, he told Nine Entertainment.
Last month the nearby Elan building saw its no-pet policy overruled by NCAT with the body corporate indicating would challenge the decision.
 
 
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Horizon, Darlinghurst pet ban ruled unconscionable by NCAT

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Former NRL champion Jarryd Hayne finally secured the sale of his Darlinghurst investment terrace on the weekend.
Hayne secured the deal after he reduced the asking price for a third time to $2.2 million last month, with the buyer paying $2.15 million. It was initially offered in July with $2.35 million hopes.
The two-time Dally M Medal winner had recently sought to have it rented out at $1100 a week.
The renovated terrace cost $1.58 million in 2013. The three-bedroom, two-bathroom 1890s property was bought when the suburb’s median house price was $1.05 million.
The current median for three-bedroom Darlinghurst terraces sits at $2 million, according to realestate.com.au, which tallied just 10 similar house sales over the past year.
Adam Regan and Ellen Trojkovic at the Our Estates agency were marketing the three-level terrace as “a chic inner-city haven”.
The West Avenue property was the priciest property in a portfolio that totalled $5 million at its 2013 peak exposure.
Hayne is currently in Perth, living and training with an evangelical Christian ministry organisation, Youth With A Mission, on a six-month course. He is on bail for aggravated sexual assault charges relating to an alleged incident in the Hunter Valley on grand final night last year.
Hayne, who contests the charges, has been excused from attending court until the call-over date in April next year.
Sydney estate agents reported 436 weekend auction sales, adding to the 1300 private treaty sales of the past week across NSW. CoreLogic calculated that the clearance rate dipped to 78%.
The priciest Saturday result was on Marine Parade, Maroubra, which sold for $7 million through Phillips Pantzer Donnelley agent Alexander Phillips. The four-bedroom 1950s home on a 544 square metre block was offered for the first time in half a century with a $6.5 million guide.
Home loan arrears listings continue to decline, according to Standard &amp; Poor Global ratings. The latest Australian prime mortgage defaults data showed a decline in the Standard &amp; Poor’s Performance Index (SPIN) to 1.36% in September down from 1.41% a month earlier.
The report warned self-employed borrowers could put pressure on mortgage arrears in any weakening economic environment, given the greater sensitivity of business cash flows.
NSW arrears fell. However, arrears rose in Western Australia, South Australia and Tasmania.
S &amp; P noted that “stronger refinancing activity and recent tax cuts are having a positive effect on debt serviceability”.
The improvement was more pronounced for owner-occupier loan mortgage arrears, which declined to 1.58% from 1.61% a month earlier.
Mortgage arrears on investor loan remained unchanged at 1.38%.
This article first appeared in The Daily Telegraph.
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Jarryd Hayne secures $2.15 million Darlinghurst buyer

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The largest single level apartment in Sydney, on the 40th level of the Horizon building in Darlinghurst, has been sold to media heiress Francesca Packer-Barham.
The apartment was recently recreated by Melbourne's MIM Design who were commissioned by the Graham family to design the luxury apartment. 
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<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2019/02/13000100/capi_7d65a0d9dfc2f565f2d7924da3ef89c9_7e0c0ff284893174439debdbf4825c03.jpeg" alt="" data-capiid="7e0c0ff284893174439debdbf4825c03">The whole floor sub-penthouse, spanning 565 sqm of internal floor space, has four bedroom, each with a marble ensuite, as well as self-contained quarters with its own living room, kitchen, bedroom and bathroom.
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There are three separate living areas, one with a fireplace, as well as a media room.
Herringbone Oak floors and Cote D’Azure marble feature throughout.
The apartment also has the latest in mod cons, with keyless entry, facial recognition and automated doors.
Entry to the apartment is through a lavish marble and brass private lift lobby. 
It was listed with $20 million initial hopes.
The renovation was almost a year-in-the making for the 565 sqm of internal space.
It has 710 sqm including balconies and garaging. 
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<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2019/02/13000105/capi_7d65a0d9dfc2f565f2d7924da3ef89c9_d2e31bced7feebbc2cc980f499924964.jpeg" alt="" data-capiid="d2e31bced7feebbc2cc980f499924964">The recent auction of the five-bedroom, five-bathroom apartment with eight-car garage failed to attract any bids with just the two registered bidders, one of whom was asked for proof of funds.
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The Melbourne-based Graham family bought the empty shell for $9.83 million in 2017.
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<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2019/02/13000113/capi_7d65a0d9dfc2f565f2d7924da3ef89c9_82e8b3bd19e0555b01fe1b113056cfae.jpeg" alt="" data-capiid="82e8b3bd19e0555b01fe1b113056cfae">Mim Design told The Wentworth Courier their vision was to pay homage to Harry Seidler who designed the tower.
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The developer Bob Ell once owned it selling it for $6.7 million in 2009.
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Media heiress Francesca Packer-Balham buys level-40 penthouse in Darlinghurst’s Horizon for $16 million

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A trophy office block in the heart of Darlinghurst is set for a big sale.
The seven level A-grade office block at <a href="https://www.realcommercial.com.au/for-sale/property-19a-boundary-street-darlinghurst-nsw-2010-503366798" target="_blank">19a Boundary Street</a> last traded for $63.5 million in 2017 when it was bought by Haben Property Fund.
It was in 2000 that the warehouse was converted and repurposed as office space, with notable tenants such as creative agency Collider and celebrity chef Donna Hay.
There are 53 tenants in total, with a mix of office and ground level retail and cafe spaces.
Mercer Property and CBRE have been jointly appointed to sell the property that fully leased offers a total lettable area of 6,500 sqm, including a ground floor retail showroom.
It also has secure parking for up to 51 vehicles.
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The net passing income is $4,380,311.22 annually, with a rare five per cent annual increase on leases.
The building was recently upgraded, with a new lift and an upgrade of all amenities.  
CBRE agent Harry Georges is marketing the property in conjunction with Mercer Property's Tom Speakman and Matt Davoren.
Georges said he is expecting significant investor interest.
“With low supply and high demand, office vacancy rates have reached record lows across Sydney,” Georges said.
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“The vacancy rate on the city fringe has contracted for the third consecutive year to circa 3%, the lowest rate of any commercial market in Australia. 
"This is underpinning interest in assets like 19a Boundary Street, which offer strong fundamentals and a diverse tenancy mix.”
George noted that commercial buildings in Darlinghurst were in high demand but rarely brought to market.
“19a Boundary Street also offers significant upside, with scope for a considerable uplift in the existing rents and potential for a future exit strategy via a strata subdivision,” Mr George said.
“Given the building’s location, a conversion to a boutique hotel would be another possibility subject to the relevant planning approvals.”
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Mercer Property agent Tom Speakman said creative buildings are in short supply.
“The Sydney market is experiencing above-average demand for heritage and creative stock,” Speakman said.
“As the lines between work and play continue to blur, occupiers are increasingly looking to grow their businesses and retain talent in creative commercial spaces such as 19a Boundary Street, which are surrounded by superior amenity and new restaurant and bar concepts.”
“The building’s tenancy profile has the potential to provide either an owner-occupation opportunity or allow an incoming purchaser to rework a large portion of office space.
“Leasing to a single, whole building tenant or whole floor tenancies offers the advantage of picking up an additional 15% of net lettable area – all while bringing rents up to market.”
 
 
 
 
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jrobinson-rf4aSBido9

Darlinghurst trophy office block set for big sale

Madison Ashton, the Sydney escort who was the late Dick Pratt’s mistress, has sold her second chic Darlinghurst apartment in two months.

The two-bedder that featured plush Ellie Cashman wallpaper fetched around $950,000.

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Ashton, who hails from Victoria, has indicated she plans to move to the CBD.

The listing was offered via Sale­By­HomeOwner.com.au, an Australia-wide service for owners selling their own properties.

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Ashton’s Crown Street apartment was bought in 2011 for $677,500. It had been an $800-a-week rental through Phillips Pantzer Donnelley.

She <a href="/news/two-of-darlinghursts-most-colourful-characters-crown-street-properties-listed">recently sold another neighbouring apartment</a> at $1.1 million, which had Greg Natale finishes installed after her company paid $735,000 for it in 2012.

This article was first published in the Sunday Telegraph.&nbsp;

Madison Ashton, the Sydney escort who was the late Dick Pratt’s mistress, has sold her second chic Darlinghurst apartment in two months.

Escort Madison Ashton sells second Darlinghurst apartment

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The Darlinghurst investment property of former NRL star Jarryd Hayne has had its asking price trimmed a tad.

Initially offered with a $2.35 million asking price in July, the property is now listed with a reduced guidance, down $75,000 to $2.275 million.

There is still plenty of profit there for the two-time Dally M Medal winner who paid $1,585,000 for the three-bedroom, two-bathroom 1890s property six years ago when the median house price in Darlinghurst was $1.05 million.

[smartcode_project:default project_id=6798]

The current median for three-bedroom Darlinghurst terraces sits at $2 million, according to realestate.com.au, which tallied 53 house sales last year at an overall $1.8 million median. It has always been a rental property.

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Our Estates agents Adam Regan and Ellen Trojkovic are marketing the three-level terrace as “a chic inner-city haven”. The property has rear-lane access for a car.

The property is the priciest property in a once-imposing portfolio for Hayne that totalled around $5 million at its 2013 peak.

Hayne is currently in Perth, living and training with an evangelical Christian ministry organisation, Youth With A Mission, on a six-month course. 

This article first appeared in The Sunday Telegraph. 
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Jarryd Hayne cuts Darlinghurst terrace asking price

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A two bedroom top floor apartment within the iconic Mont Clair in Darlinghurst has hit the market.
It has been offered by Anthony Birdsall from Laing Real Estate Elizabeth Bay. 
Built in 1938, Mont Clair is Heritage listed by the City of South Sydney and is included in the Royal Australian Institute of Architect's register of Twentieth Century Buildings of Significance.
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Set on the 6th floor, the north facing apartment at 61/347 Liverpool Street comprises two bedrooms, stainless steel kitchen, and spacious living area. 
Other highlights of the apartment include mosaic tiled floors in the kitchen and bathroom, Art Deco features in bathroom and dish drawer.
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The building features refurbished Art Deco foyer, lift access, and shared rooftop garden with outdoor furniture and views of the CBD, Sydney Harbour and Darlinghurst,. 
Located in vibrant Darlinghurst, it is only a short walk to the city, harbour foreshores, shopping precincts, cafes, and restaurants.
 
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Darlinghurst top floor apartment in the Art Deco Mont Clair hits the market

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Former NRL star Jarryd Hayne has listed his Darlinghurst investment property with a $2.35 million asking price.
The property is the priciest investment in a once imposing portfolio that totalled $4.8 million on 2013 peak exposure.
The two-time Dally M Medal winner paid $1,585,000 for the two-bedroom, two-bathroom property six years ago.
It has always been a rental property. Our Estates agents Adam Regan and Ellen Trojkovic are marketing the 1890s three-level terrace as “a chic inner city haven”.
Hayne’s former Paddington home nearby sold for $2.85 million in 2017, almost double the $1.13 million he paid in 2013 before renovating.
Hayne is currently on bail for aggravated sexual assault charges relating to an alleged incident in the Hunter Valley on grand final night last year.
In May it was reported that he was negotiating a settlement payout in a US civil rape case related to his NFL stint.
This article was first published in the Saturday Daily Telegraph. 
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