The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

Joel Robinson

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

Expensive Housing

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Australia has a new richest postcode, Palm Beach the pricey peninsula playground.
It the first time in seven years that the Sydney Northern Beaches location has dethroned the Point Piper, Edgecliff, Darling Point postcode, according to Australian Taxation Office statistics released late on Thursday.
The 1,279 tax filers in Palm Beach's 2108 postcode reported an average income of $230,330 for 2016/17, while the 6,089 tax filers in Edgecliff's 2027 postcode made an average of $187,769.
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<div class="advert" data-module="article.ad" data-ad-type="MEDIUM" data-loc="MOBILE" data-max-width="727" data-sticky-class="" data-sticky-offset="0">Postcode 2027 had ranked as Sydney's highest earning postcode since 2009/10.</div>
<div class="advert" data-module="article.ad" data-ad-type="MEDIUM" data-loc="MOBILE" data-max-width="727" data-sticky-class="" data-sticky-offset="0"> </div>
<div class="advert" data-module="article.ad" data-ad-type="MEDIUM" data-loc="MOBILE" data-max-width="727" data-sticky-class="" data-sticky-offset="0">Although in 2016/17 it also ranked behind Melbourne's 3142, where the 10,044 filers in Toorak made an average of $193,904.</div>
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Palm Beach's 2108 postcode also includes Scotland Island, Coasters Retreat, Great Mackerel Beach and Currawong Beach.
The rankings reflects the trend in the past few years of owners turning Palm Beach holiday homes into principal residences.
It is not the first time a beach retreat location has ranked at the top of the ATO list as in 2008/09 the postcode 3944 - the Mornington Peninsula suburb of Portsea - was the top-earning postcode, with an average income of $197,987.
WA's 6011 was the richest postcode in Western Australia, with the 6,431 tax filers living in Cottesloe and Peppermint Grove on Perth's western suburbs made an average of $155,264.
In ACT, the 2603 was richest, with 6,650 tax-filers in Forrest, Griffith, Manuka and Red Hill earned an average of $110,394.
In Queensland, 4007 took the top spot, with 9,278 residents of Ascot, Hamilton and Hamilton Central in northeast Brisbane earning an average of $107,478.
South Australia's top postcode was 5061, where 6,587 residents of Hyde Park, Malvern and Unley in inner-southern Adelaide made an average of $93,871.
In the Northern Territory, 885 residents in the mining town of Alyangula - postcode 885 - made an average of $83,343.
Tasmania's top postcode was 7258, where the 571 residents of the Launceston suburbs of Breadalbane, Relbia and White Hills made an average of $68,621.
The lowest-earning postcode was 2308, covering Newcastle University and Callaghan, with an average taxable income of $20,589.
The second-lowest was 4611 in Queensland, where Marshlands and Mondure residents earned an average of $23,225.
Queensland had five of the bottom 10 postcodes, with 4611 recording the second lowest average income nationally of $23,225.
The report also showed that surgeons were once again the top-earning profession, making an average of $394,866.
Anaesthetists came second, earning $367,343 on average.
Out of 1,100 occupations recorded, there were 72 where women made more than men, including authors, future traders, magistrates, pro surfers and illustrators, the ATO statistics showed in 2016/17.
The Herald Sun reported female futures traders in Australia earn nearly 4 per cent more than their male counterparts, with an average income of $315,197.
This year’s stats present an overview of 16.5 million 2017 income tax returns for 13.9 million individuals, 970,000 companies, as well as super funds, partnerships and trusts. 
Australians reported donating $3.5 billion in charitable donations with an average gift size for those who did donate of $770.
The most generous state was Western Australia, with 30 per cent of residents claiming an average deduction of $1190. 
Northern Territory residents recorded the lowest charitable donations, with 34 per cent of residents claiming an average deduction of $405.
 
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j.ballantyne1990-6AQqhLzZaK

Shift to residency sees Sydney's Palm Beach top ATO tax payers list

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The top sale of 2017 was the Double Bay harbourfront mansion Elaine (above), sold by the Fairfax family for $71 million through Ken Jacobs at Christies International.
It sold to the billionaire Rich Lister Scott Farquhar and his wife Kim Jackson, who'd been previously content in a Pyrmont apartment.
Farquhar, co-founder of software company Atlassian topped the BRW Young Rich List again this year, along with business partner Mike Cannon-Brookes. Their combined wealth was tallied at just over $6 billion.
The top echelon of Australia's prestige property this year has seen a national price record and three state records. But nothing seemed overly easy.
The cut off for inclusion in the Property Observer national top 25 list was $18 million, based on registered sales, plus those that have sold at undisclosed prices awaiting settlements.
There are sales across four capital cities, Sydney, Melbourne, Perth and Brisbane.
Jacobs suggested that the recently introduced government regulations alienating overseas investment in Australia, meant the trophy home market was needing to be supported by the domestic market.
Elaine had been in the Fairfax family dynasty for 120 years before its sale which took almost three years to secure.
It's initial press commentary - by the Fairfax press - damaged the initial campaign when a silly $100 million prospect price estimate was published based on calculating the foreshore price per square metre capability to the entire 7000 sqm parcel that runs between the premium Seven Shillings Beach and the so-so New South Head Road position.
The unrenovated home had previously traded when bought by Geoffrey Evan Fairfax in the 1890s.
Next door to Elaine is Fairwater, the other Fairfax family home, which is likely to come to market next year following the death of Lady Mary Fairfax.
Mike Cannon-Brookes would rank as a serious a prospect to secure the prized offering.
Elaine's sale topped the previous $70 million house record set in 2015 when Ken Jacobs sold the Vaucluse mansion, La Mer, (below) on behalf of James and Erica Packer to Chinese-Australian businessman Chau Chak Wing. It sold off market.
<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/2017/12/22/700_la_mer.jpg" alt="">
A mid-December sale saw the Singaporean businessman CK Ow's luxury Vaucluse mansion sell at a reputed $67 million (below).
It had been listed with hopes of bettering Sydney's $71 million record price by the chairman of the hotel owner and developer Stamford Land Corporation.
Phoenix Acres, a 3731sq m site with six-bedroom, six-bathroom home, was last traded 22 years ago for $7,001,000 from the Braham family. Craig Pontey of Ray White sold it to Ow.
Despite the hoopla of attracting interest from potential buyers from as far away as New York, India and Beijing, the deal was struck with a local buyer on Sunday some eight weeks after it quietly hit the market.
<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/2017/12/22/VAUCLUSE.jpg" alt="">
The price gain, before costs, reflected 10 percent annual price growth at around $18,000 per sqm.
Agents were hoping to better tycoon James Packer's 3300 sqm non-harbourfront mansion, also in Vaucluse which sold in 2015 for $70 million, and in April this year John B Fairfax family's Elaine estate on 7000 sqm in Double Bay that sold for its still standing $71 million record.
Had Phoenix Acres sold to a foreign buyer it would have incurred around a $700,000 fee to FIRB, plus an extra $10 million in purchase duty and premium property duty payable on foreign buyers, along with a likely annual land tax of around $2 million.
The Phoenix Acres site was originally a public park with a wharf ferry service to Circular Quay before the legendary publisher Ezra Norton built his mansion, then known as Albemere, in the mid-1960s.
It set a record $370,000 price when first sold in 1968, having also been the highest then build costing an estimated 250,000 pounds
The Melbourne and Brisbane markets have been equally buoyant record prices during 2017.The first was in Brisbane when a clifftop Kangaroo Point home sold for $18.48 million, easily eclipsing the prior $14 million record set in late 2014 when mining and farming magnate Gina Rinehart bought a Brisbane riverfront home.
The record-breaker (below), sold by City Motor Auctions Group boss Angelo Russo and wife Sandra, was a three-level Leopard Street home, the work of renowned designer Greg Harris, who created the vast 1445 sqm split level residence.
The home came with five bedrooms, six bathrooms, a home office with adjoining boardroom, a fully equipped gym and steam room, sound proof cinema and a wine cellar.
A heated infinity lap pool and spa spans the width of the 1,184 sqm parcel and runs along the cliffs edge, with gun barrel views of the Brisbane River.
<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/2017/12/22/leopard.jpg" alt="">
The marketing through Ray White New Farm agent Matt Lancashire suggested no expense had been spared by the owners, including heated Saint Lorraine marble flooring from Greece used across the living and entertaining area.
Then mid-year came Melbourne's record breaking sale in Toorak.
Reports emerged in July of a new $40 million record house price set by 18 St Georges Rd, Toorak.
The grand 1920s home, known as Mowbray, was bought off-market, with its selling agent yet to claim credit with settlement still to come. 
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Mowbray was sold by former Mirvac director Marina Darling and husband Anthony who acquired it from venture capitalist Roger Allen and his wife Dianne for $4.9 million in 1995, the highest sale in Melbourne of that year. It sold again in 1987 at $3.95 million.
The five-bedroom two-storey residence stretches across around 5000 square metres was built by noted architect Christoper Cowper, though not protected by heritage overlay.
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<div>
The sale of the Mowbray estate exceeded the prior record of $26.25 million paid by Netflow managing director Phil Dreaver last year for the modern 9 Towers Road mansion owned by the Besen family.
Mowbray's buyer will be hit with a $5 million stamp duty bill, including a 7 per cent surcharge for foreign buyers in Victoria, which came into effect in July last year.
The mooted FIRB application fee of $412,000 applies for a $40 million home. The buyer also faces the prospect of an annual land tax bill of about $370,000 if the Toorak mansion is not their principle place of residence and another $300,000 in annual taxes from January 1 next year should it remain empty for more than six months in any calendar year.
But Marcus Chiminello says "Melbourne has never experienced such demand in the $10 million to $40 million bracket."
Indeed Chiminello recently advertised his desire for a $50 million home for a local client who has yet to secure their dream home.
The agency launched an advertising campaign this month to find potential sellers. Chiminello estimated there were 50 properties in the leafy inner east that were worth more than $35 million, but all were tightly held.
There was a $19 million Myvore Court, Toorak auction sale, which would've warranted inclusion in the Property Observer top 25 list, but the deal fell over with the resale coming in at $16 million.
Perth secured its highest residential sale in six years with $21.5 million paid in Mosman Park during 2017. It was sold by the Creasy mining family to Alan Tribe.
The Chidley Way home on a 4045 sqm site was designed by architect Robert Cann.
Creasy’s former husband Mark, a mining prospector, had paid the highest price for a WA property when he bought the mansion for $8 million from the late Multiplex Construction boss John Roberts in 1995.
There's already been a good offer on the former Bond home in Dalkeith. 
<a href="https://www.realestate.com.au/property-house-wa-dalkeith-127215174" target="_blank">It is being marketed</a> as among Perth's most expensive houses with $50 million plus hopes.
The Watkins Road mansion sits on the Swan River.
Real estate agent Willie Porteous suggests the four-storey home (below) has gained millions in value since it was bought in 2011 following its extensive renovations, including a complete make-over of the outdoor area.
It has been listed by mining entrepreneur Steve Wyatt and his wife, Sue.
<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/2017/12/21/bond2.jpg" alt="">
The property last traded for $39 million sale in 2011 when sold by businessman Barry Patterson, who was Sonic Healthcare chairman from 1999 to 2010 and previously held gold mining interests.
It last traded in 1999 for $9.5 million, which was to stand as Perth’s record until 2006.
The seven-bedroom riverfront mansion is set across six titles totalling 6,400 square metres.
Gold mining magnate Ross Atkins bought the property in 1993 from the Bond family trust company, Armoy Pty Ltd, for $7.3 million, selling it six years later to Patterson after extensive renovation.
Wyatt’s business associate Chris Ellison set the WA real estate record when he paid $57.5 million for iron ore heiress Angela Bennett's riverfront compound in Mosman Park in 2009.
In Canberra a Deakin home, with views of Parliament House, sold for $5.75 million recently through Luton Properties, the third highest sale in the nation's capital.
The house's 2010 construction to its designed by local architect Terry Ring on its 1710 sqm grounds saw extensive use of dry stack stone walls, marble, natural timber and sandstone.
In Tasmania's Hobart the Sandy Bay mansion Sentosa sold for a $6.5 million record.
The 100 year old home, which was bought by Sydney property developer Piers Dawson Damer and wife Kim, was designed by Marco Linardi. It sits in 2310 sqm of Paul Bangay-designed gardens on Blinking Billy Point.
Knight Frank selling agent Matthew Chugg described Sentosa as one of Tasmania's finest homes.
Sentosa topped the previous $6.06 million record set in 2011 when Waimea House, a Federation Arts and Crafts style on hillside Sandy Bay sold.
Adelaide's record price hasn't budged since 2015 when Ivanhoe, the Gilberton home built in 1889, sold quietly for $7 million, with the top sale so far this year being $4 million.
Ken Jacobs has an unsold Rose Bay estate listed with record setting 2018 aspirations for the Sydney and Australian markets.
Straddling five land titles with a frontage to Rose Bay beach, the 4000 square metre property belongs to Adrienne Dan, the wife of eminent Sydney neurosurgeon Professor Noel Dan.
It comes with two houses, pool and a tennis court.
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The top 25 sales of 2017
1. $71 million: Elaine at Double Bay when local tech billionaire Scott Farquhar bought the prized beachfront from John B Fairfax.
2. $67 million*: Phoenix Acres at Vaucluse where CK Ow fell disappointingly short of taking the mantle as most expensive home ever sold.
3. $45 million*: Deauville, Longworth Avenue, Point Piper when car importer Neville Crichton secured a beachfront home subject to its construction completion.
4. $40 million*: Mowbray, 18 St Georges Road, Toorak when the grand 1920s home was bought off-market by Chinese buyers, with its selling agent yet to claim credit with settlement still to come.
5. $36 million: 110 Wolseley Road, Point Piper when Neville Crichton onsold to property investor Andrew Potter.
6. $33 million: 110 Wolseley Road, Point Piper when Neville Crichton bought from the Zamel family.
7. $30,263,400: Yarranabbe Road, Darling Point when John Roth and wife Jillian Segal bought.
8. $30 million*: Bayview Hill Road, Rose Bay when the home of the late Sonja Lyneham was bought by Samira Jeihooni, wife of property developer Arash Tavakoli.
9. $29 million*: The Boatshed, Wunulla Road, Point Piper which after three years on the market was offloaded by the O’Neil family.
11. $28 million: New Beach Road, Darling Point when the digital entrerepnuer Patrick Grove bought from the Meagher family.
12. $26.5 million: Vaucluse Road, Vaucluse when the media scion Alexander Ma bought the residence of businessman Yaron Remen and his wife Shauna.
13. $22.45 million: Bay Street, Mosman/Beauty Point when the property developer Bryan Rose bought the Pick a Box house.
14. $22.1 million: Vailele, The Point Road, Woolwich when the Salter family sold to the Wang family.
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15. $21.5 million: Chidley Way, Mosman Park. Perth saw its highest sale for six years. 
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16. $21 million+*: Belhaven, Victoria Road, Bellevue Hill when the Brambles chairman Stephen Johns sold Belhaven to Dominic Stevens.
17. $21 million: Coolawin Road, Northbridge when Primo Smallgoods heiress Kristie Ward bought the 3434sqm holding from the Salteri family.
18. $20 million+*: Bonnington, Victoria Road, Bellevue Hill when sold by the executors of the late businessman Neville Christie.
19. $20 million*: Wyuna Road, Point Piper when the LA entrepreneur Andrew Banks made a return to Point Piper.
20. $20 million*: Ashton, Elizabeth Bay Road, Elizabeth Bay when the travel industry entrerepenuer Ray Harris sold the historic Ashton on the loop
21. $20 million: Wunulla Road, Point Piper when the property investor Andrew Potter sold his waterfront to Sarah Mayo.
22. $19.18 million: Fernleigh Gardens, Rose Bay when the Horizon Media owners Semyon and Dina Pinchuk sold to Xia Danrui.
23. $18.48 million: Kangaroo Point, Brisbane. A new home sale set an all-time Brisbane report price through Ray White.
24. $18 million+*: Sundorne, Victoria Road, Bellevue Hill when Cranbrook School sold to the property developer Eduard Litver.
25. $18 million: Bulwarra, Hunters Hill when Cate Blanchett and Andrew Upton sold after an earlier 2016 sale to Chinese buyers fell over.
25. $18 million: Nee Morna, Sorrento when one of Victoria's most historic coastal estates was bought by BRW Rich Lister and property developer Andrew Buxton. Not to far away on the peninsula, and just off the top 25 list was the Good Guys whitegoods boss Andrew Muir purchase of Miramar, the stunning Flinders home built by entrepreneur Daniel Besen and wife Danielle. It just fell shy of inclusion. Settlement records show Muir paid $17 million for the Wood Marsh-designed home that was described as 'land art by the sea' by its selling agent, Peninsula Sotheby's International Realty agent Rob Curtain.
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jrobinson-rf4aSBido9

The 25 most expensive house sales of 2017 across Australia

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A six bedroom, four bathroom home in Bellevue Hill topped this weeks most expensive sales with $7.25 million, according to CoreLogic RP Data.
Sold through Ballard Properties Clint Ballard and James Ball, the home features a swimming pool, a home cinema and a wine cellar.
The second most expensive house was in Collaroy where Brendan Pomponio and Kirsten Bertram of Belle Property sold a five bedroom, four bathroom home for $5.65 million.
The designer sandstone and timber designer home belonged to Fairfax CFO David Housego and features an open fire place beside the swimming pool.
 
Top ten sales of the week
25 Suttie Road, Bellevue Hill, NSW: 6 bed, 4 bath, 4 car house - $7.25 million - Ballard Property Group Woollahra
14 Seaview Parade, Collaroy, NSW: 5 bed, 4 bath, 2 car house - $5.65 million - Belle Property Dee Why
7 Cheyne Walk, Castlecrag, NSW: 5 bed, 4 bath, 3 car house - $4.72 million - McGrath Estate Agents
1/6 Wulworra Avenue, Cremorne Point, NSW: 3 bed, 2 bath, 3 car unit - $4.06 million - McGrath Estate Agents
25a/171 Gloucester Street, The Rocks, NSW: 3 bed, 2 bath, 3 car unit - $3.75 million - Colliers International Sydney
32 Lower Almora Street, Mosman, NSW: 2 bed, 2 bath, 1 car house - $3.7 million - Belle Property Mosman
9 Oxley Avenue, St Ives, NSW: 5 bed, 4 bath, 2 car house - $3.37 million - Savills Cordeau Marshall St Ives
59 Station Street, Pymble, NSW: 5 bed, 3 bath, 2 car house - $3.2 million - LJ Hooker Wahroonga
27 Ruskin Rowe, Avalon Beach, NSW: 4 bed, 4 bath, 5 car house - $3.15 million - LJ Hooker Avalon Beach
8e/171 Gloucester Street, The Rocks, NSW: 3 bed, 3 bath, 2 car unit - $3.12 million - McGrath Estate Agents.
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Fairfax CFO David Housego misses out on the most expensive sale of the week

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Sydney has unsurprisingly dominated the latest most expensive housing suburbs.
The figures, correct as of December, show Centennial Park topping the list with a median value of $6.29 million per house.
Point Piper edges Darling Point after it's $39 million sale of Villa del Mare, $39.9 million of Mandalay and two more on Wunulla Road which sold for $28 million and $18 million.
Peppermint Grove in Perth is the only non-New South Wales suburb.
Vaucluse's surprisingly misses out on the top three despite Jamie Packers $70 million sale of La Mer in August. 
Whale Beach comes in at 10th place. It's latest sales see Google Australia boss Maile Carnegie and her executive consultant husband Charles outlay $3.52 million <a href="https://www.domain.com.au/7-malo-road-whale-beach-nsw-2107-2012010652" target="_blank">on a Whale Beach weekender. </a>
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Maile Carnegie was appointed to head Google in mid-2013, moving across from her role as managing director at Procter &amp; Gamble.
Charles Carnegie heads The Waypoint Group corporate advisory firm. The Malo Road property last traded when bought by the Hatty family for $180,000 around 36 years ago. It was listed through LJ Hooker Palm Beach’s David Edwards.
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<a href="/images/2016/02/04/Screen%20Shot%202016-02-04%20at%2010.49.53%20am.png" target="_blank">Click here to enlarge</a>
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