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

Joel Robinson

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

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

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

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

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

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

CPG unveils Castile Newstead ahead of upcoming sales launch

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

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Elizabeth Bay

<html><body>
The two level penthouse crowning one of the modern blocks on Elizabeth Bay's Billyard Avenue dress circle has been sold by fund manager Michael Hill.
The penthouse was set to go to Cooley Auction last night, but was withdrawn with auctioneer Damien Cooley advising the near empty auction room that there had been "offer and acceptance."
No sale price advisory was given on the offering which was listed with $14 million hopes by Clint Ballard at Ballard Property Group.
<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/2019/8/29/28%20Billyard%20Avenue.jpg" alt="">
The apartment, atop the Burley Katon Halliday-designed block, dates back two decades. It has five bedrooms and six bathrooms across its 425 sqm of internal space.
It features 375 sqm of wrap around balconies and terraces with views over the boat-filled harbour.
The development was completed in the late 1990s after East Asia Property Group paid $8.5 million for Cardigan, the waterfront mansion of solicitor Cedric Symonds and his socialite wife Elizabeth.
They knocked down the building in 1996 and replaced it with a six apartment development with a pool and private jetty.
The penthouse first traded for $7.1 million in 2001, three years after its completion. It was bought by David Wilkenfield, a ballet clothing manufacturer.
<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/2019/8/29/28%20Billyard%202.jpg" alt="">
He doubled his money in five years, selling for $14 million in 2006 to Hal Herron, the former Deutsche banker.
Herron wasn't so lucky however and sold at a $2 million loss, selling to Investec Bank chairman David Gonski for $12 million in 2012.
Gonski only held the apartment for two years before its $12.5 million in 2014 sale.
The last sale in the tightly held block was three years ago when Anthony Hourigan and Monique D'Arcy Irvine from the recruitment company, Hourigan International, bought the third level apartment for $7 million.
 
</body></html>

jchancellor-FAypfDUnLy

28 Billiard Avenue, Elizabeth Bay penthouse sold

<html><body>
The penthouse at Darnley Hall, Elizabeth Bay has returned to the market.
It was previously briefly listed by Paul Longmuir and his wife Elain Wei Ah Kwan in 2016 with $10 million hopes.
<a href="https://www.allhomes.com.au/sale/12-12-onslow-avenue-elizabeth-bay-inner-sydney-176372396" target="_blank">The international style penthouse</a> last sold nine years ago for $8.1 million.
It was one of the homes where the former Treasurer Joe Hockey signalled forced divestment after the owners came forward in an amnesty on supposed purchases that breached our FIRB laws. 
The Longmuirs have since spent $16 million buying in Bellevue Hill, fully complying with foreign investment rules, and it seems their initial purchase has now been signed off as ridgy didge too.
The penthouse renovation was overseen by the interior designer Tonka Andjelkovic.
This article first appeared in The Sunday Telegraph.
</body></html>

firstname1-iYD4UYzvBa

Darnley Hall, Elizabeth Bay penthouse back on the market

<html><body>
The millionaire mining businessman Nick Curtis and his wife, Angela have emerged as the buyers of one of 'Aussie' John Symond's Elizabeth Bay investment apartments.
They paid $7.25 million for the Onslow Avenue apartment.
Symond had paid $6,125,000 for the three bedroom, three bathroom apartment in 2015, before it became a $3,900 a week rental to the Curtis clan.
With full-width waterfront balcony, it sits in the six level, nine apartment complex designed by PTW Architects' Andrew Andersons.
For a longtime the couple owned on Queen Street, Woollahra having bought in 2004 from the 2SM radio broadcaster John Laws and wife Caroline, and before that at Mosman and Castlecrag. 
This article first appeared in The Sunday Telegraph. 
</body></html>

Mining millionaire buys one of Aussie John Symond's Elizabeth Bay investment apartments

<html><body>
It took the mortgagee broking pioneer Aussie John Symond less than a week to find the $5.25 million buyer of another of his Elizabeth Bay investment apartments, this one vacated by his London-based son, Stephen.
With 246 sqm internal space, the three bedroom, three bathroom apartment cost $2.9 million in 2012, so reflected 10 percent annual price growth.
It was in the same block where he secured a recent <a href="/news/aussie-john-symond-sells-elizabeth-bay-apartment-for-7-25-million">$7.25 million sale</a>.
Symond retains just the one in the complex set opposite Del Rio where Crown boss John Alexander recently sold the penthouse to property developers Michael and Prue Williams.
They sold their Tarana, Potts Point Italianate triplex apartment to power couple David Maloney, a partner at Allens, and his wife, Infrastructure NSW executive director Erin Flaherty for $8.5 million.
Alexander will base based at Robertson in the Southern Highlands, and possibly has picked up a Barangaroo apartment where James Packer spent $60 million for a whole floor.
Packer has sold his $29 million Bondi Beach paid to Medich hotelier family.
This article first appeared in The Sunday Telegraph
</body></html>

Aussie John Symond sells another Elizabeth Bay investment apartment 

<html><body>
The London-based Aussie John Symond has sold an investment apartment for $7.25 million.
The Elizabeth Bay apartment was bought in 2015 for $6,125,000, reflecting 4.5% annual price growth during the near four year ownership by the retired mortgagee broking pioneer.
It was apparently superflouous to his needs, not a reaction to the declining market sentiment.
The three bedroom, three bathroom apartment had been a $3,900 a week rental after its 2015 acquisition. 
Symond retains two other apartments in the boutique complex.
His fashion designer daughter Deborah Symond who recently married Ned O’Neil, son of property developer Denis O’Neil lives in the complex. His Knightsbridge, London-based son, Stephen has the complex as his Australian bolthole.
Developed by the Hindmarsh Group, the complex, which comes with park and harbour views, is a six-level development, designed by PTW Architects' Andrew Andersons, and marketed as featuring interiors by Freedman Rembel.
Its flooring was a mix of timber, stone and carpet with fireplaces in the living rooms.
It is not the only investment property he's sold recrntly.
The other was a $13.5 million Point Piper penthouse, near his own home on Sydney Harbour, which was renovated after it cost $8.2 million when bought from Nati Stoliar. It was briefly a $5000 a week rental.
Last year he opted out of selling his Point Piper mansion despite an offer of more than $100 million. 
Wingadal, his Point Piper trophy home set on 2685 square metres, quickly piqued the interest of buyers, but its listing came with no compelling need to sell.
The copper-capped roofed and sandstone skirted home, once nicknamed Aussie Stadium, has a floor space of 2200 square metres over four levels.
The six bedroom home, all with ensuites, features two swimming pools, and 75 metres of absolute waterfrontage.
He married Amber McDonald at the home in early 2016.
On turning 70, he decided spend a bit more time in London with easy access to Hasna, a luxury 73 metre yacht on the Mediterranean. 
His superyacht was nominated in this year's Boat International Media World Superyacht Awards.
Symond previously lived in a Walsh Bay penthouse which sold for a record $16 million in 2006.
In 2016 the then Aussie Home Loans executive chairman John Symond suggested interest rates could remain low for a decade.
"I'm not saying it won't go up, but we won't see 6 to 7% interest rates for a decade plus," he suggested. 
This article first appeared in The Daily Telegraph,
</body></html>

Aussie John Symond sells Elizabeth Bay apartment for $7.25 million

<html><body>
Property developers Michael and Prue Williams have been reshuffling their property portfolio, touted as the buyers of the Del Rio, Elizabeth Bay penthouse of Crown Resorts boss John Alexander and photographer wife Alice.
The W Property Group founders are believed to be the $8 million plus buyers of the unit atop the Spanish Mission block which Alexander had owned since 1993.
The exclusive Billyard Avenue block designed in the late 1920s by J.Spencer-Stanfield features only one apartment per floor.
The penthouse (above and below) has three bedrooms and two bathrooms.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/29/rio2.jpg" alt="">
The Alexander's still retains a foothold in the New South Wales property market with a Southern Highlands retreat in Robertson.
Earlier this year they sold their nearby retreat, known as Possumwood. 
It's been a busy time too for the Williams' on the property front.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/29/rio3.jpg" alt="">
They've just sold their former Potts Point residence, a Wylde Street apartment set in a Victorian Italianate villa-style mansion.
It sold in just one day through Greg McKinley at Richardson &amp; Wrench Elizabeth Bay.
The two level apartment, which once belonged to local restaurateur Paolo Toppi and her husband Neil Cunningham, spans 510 sqm and has three bedrooms, three bathrooms and a private garden courtyard.
It has views of the harbour from its grand tiled balcony with wrought iron lacework.
The Williams' paid $5,525,000 in 2015 when they were downsizing from their Northwood waterfront, which sold for a suburb record $10,375,000.
Their Bondi stint was much more short-lived.
They paid $4.1 million for a three bedroom apartment late last year, only to on sell last month through Pauline Goodyer at Goodyer Real Estate for a higher price.
They established W Property in 1993.
</body></html>

Michael Williams buys Del Rio, Elizabeth Bay penthouse from John Alexander

<html><body>
The Elizabeth Bay sub-penthouse that outgoing QBE Group chief executive John Neal called home has sold for $7.5 million.
Ray White Elizabeth Bay agent Ian Campbell sold the home to Eckhart and Celia Bischoff, who were on Wolseley Road, Point Piper.
The whole floor Belltrees apartment was officially in the name of Helen Neal, who now gives her address as an old rectory in Bures, Suffolk.
Spanning 255 square metres, the apartment last traded in 2012 for $6.3 million when it was bought from Philip Wolanksi's Denwol property group.
This article first appeared in The Sunday Telegraph.
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Outgoing QBE chief John Neal's Belltrees, Elizabeth Bay apartment abode sold

<html><body>
There are whispers Ashton, the 1870 Elizabeth Bay trophy home, is under offer. 
It seems a neighbour on the Elizabeth Bay Road loop has knocked on the door of the historic home making a too good-to-be-true offer.
Retired travel consultant, who was a VP at American Express Travel, Ray Harris and his wife, Robyn, an interior designer, are considering the reputed near-$20 million offer. 
They have transformed the home since they purchased the mansion for $10.75 million in 2009.
Set on 1078sqm of near harbourside land, it has 680sqm of indoor-outdoor living space. 
A record $50 million is being sought nearby for the sandstone villa Tresco which the Waterhouse family have listed.
This article first appeared in the Sunday Telegraph.
</body></html>

Whispers abound Ashton, the 1870 Elizabeth Bay trophy, under offer

<html><body>
David Waterhouse, the former bookmaker, and wife Janette have listed their Elizabeth Bay trophy home, Tresco with $50 million aspirations.
<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/2017/08/16/35002-lores.jpg" alt="">
The grand sandstone manor was built in 1868, and last traded for $11 million in 2004 when bought by Waterhouse, of the famed racing clan.
<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/2017/08/16/34992-lores.jpg" width="700" height="425">
He is the younger brother of Robbie, and uncle to Tom and Kate.
Looking out towards Clark Island, the nine bedroom Victorian Italianate home sits on an enormous 2700 sqm harbour front block on the so-called loop.
It boasts private sea pool, a jetty, boat house and three deepwater moorings.
<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/2017/08/16/34996-lores.jpg" alt="">
For some nine decades it was the residence of the Naval Officer-in-Command of the Royal Australian Navy.
It has been listed by Christie's International agent Ken Jacobs in conjunction with Brad Pillinger at Pillinger Real Estate.
<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/2017/08/16/34998-lores.jpg" alt="">
This article was first published in the Daily Telegraph.
</body></html>

Waterhouse family lists Elizabeth Bay trophy home, Tresco

<html><body>
The former Australian Prime Minister Paul Keating has popped another apartment into his property portfolio.

It is a one bedroom 65 sq m unit in the patch he knows best, Elizabeth Bay. He has implemented a visionary approach to family estate financial planning through residential property investment ts.

This one, which is on Billyard Avenue, cost $1,625,000.

It is set in an block of 11, across the road from the famous Fox family trophy home Boomerang.

Keating has been an owner in Elizabeth Bay for more than decades.

He paid $225,000 for a terrace house in the neighbourhood in 1983.

He was briefly Woollahra based after paying $2.2 million for the historic St Kevins in 1994 when he was Prime Minister.

Keating, who led the Labor Party from 1991 to 1996, was the 24th Prime Minister of Australia having first served as Minister for Northern Australia in the Whitlam government.

This article first appeared in the Sunday Telegraph.

<h2>Latest property listings:</h2>

[smartcode_project:default project_id=22699]

[smartcode_project:default project_id=3298]

[smartcode_project:default project_id=27728]
</body></html>

Elizabeth Bay

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Elizabeth Bay

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News