Brisbane-based builder-developer <a href="https://www.apartments.com.au/developers/bpg-developments">BPG Developments</a> has secured approval for its $250 million Newstead apartment tower.

The building, at <a href="https://www.apartments.com.au/new-apartments/16-22-maud-street-newstead-qld-4006">16-22 Maud Street</a>, will have 103 apartments across the 15-level building which will be crowned with a rooftop wellness facilities.

Residents will range from expansive two-bedroom residences, through to several penthouses on level 15. There will be 1,380 sqm&nbsp;dedicated to wellness-inspired amenities including shaded outdoor dining nooks, a fire pit, barbecue area, sunset lounge, gym, yoga deck, magnesium lap pool, sun deck, a sauna, steam room, and cold plunge pool.

BPG put together the 2,430 sqm super-site combines three separate titles – a vacant warehouse, an electrical &nbsp;wholesaler and an industrial shed, which were acquired in two separate transactions over a 12 month period. &nbsp;

<img alt="BPG Developments secures development approval for $250 million Newstead project" data-entity-type="file" data-entity-uuid="d007d4fb-9c44-4e54-b79e-50b68711ebbd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Final%2012_Podium%20Plaza%20View_r.jpg?VersionId=w6zql5hPjAp3j1..ZTCaYLzN65Ora8Z2" />

BPG was founded by industry veterans Nick Parr and Glen Williams. Parr said the project feels like a "coming home of sorts" for the pair, as they've both spent&nbsp;both spent the majority of their lives living in Brisbane's inner north. &nbsp;

“I lived just up the road in Teneriffe for most of my childhood," Parr said.

"We saw this site as an opportunity to deliver a timeless project in arguably Brisbane’s most popular suburb, where &nbsp;the standard for luxury design and amenities is incredibly high."

Parr believes Brisbane is in a bit of a "sweet spot" currently, in that&nbsp;construction prices have stabilised and demand has continued to climb which means the market is tightening up.&nbsp;

“The Brisbane market is unique in that there is no shortage of sites with existing development approvals, the issue is around the availability of builders who can deliver such projects. We are one of the few builder-developers who can build our own projects at scale &nbsp;so we are able to move quickly into delivery mode which gives confidence to our purchasers.” &nbsp;

Williams said they are proud of the project both&nbsp;in the sense of the significance of the site, but also in the quality and timelessness of the design. &nbsp;

“At BPG Projects we are conscious to prioritise quality over volume, so we tend to &nbsp;approach one project at a time," Williams said.

“For us we are motivated by creating a lasting legacy in our projects, so working with Plus &nbsp;Architecture to realise this vision has been a rewarding journey.” &nbsp;

BPG has appointed MOTIV to handle the sales and marketing of the new tower, which is expected to launch early next year. MOTIV Founder Carly Cottam said the project epitomises everything Newstead is about.

"Newstead is a huge success story in the revitalisation of Brisbane, and as a result it’s now one of the most popular inner suburbs, characterised by its exceptional urban design and wellness-driven lifestyle," Cottam said.

“We know this market values flexibility in floorplates, abundant storage and really liveable &nbsp;kitchens and interiors. That’s why designing an entire building around the owner occupier market with 100 &nbsp;percent of the floorplates representing two or three-bedroom residences mean this project is primed to appeal to the right audience.” &nbsp;

BPG completed Sable Palm Beach on the Gold Coast in 2019, and has plans for more developments in the suburb, as part of their $500 million development pipeline.

Joel Robinson

BPG Developments secures development approval for $250 million Newstead project

With three projects currently in market in Elizabeth Bay and Mosman, two of which are under construction and completing next year, apartment developer Toohey Miller is expanding its new development pipeline across Sydney.

<a href="https://www.apartments.com.au/developers/toohey-miller">Toohey Miller</a>, led by Nick Couloumbis, has filed plans for <a href="https://www.apartments.com.au/new-apartments/oxford160-160-oxford-street-paddington-nsw-2021">Oxford160</a>, 44 new apartments across a nine-storey building on Oxford Street in Paddington. It will have 12 apartment designated as affordable housing as per the Housing SEPP 2021 mid-rise reforms which trigger increased height limits, and street-level retail spaces.

The vision for the project is to create a "welcoming and family-friendly place to live with a mix of quality and affordable homes to support the Paddington community at different life stages."

Designs prepared by Smart Design Studio outline a contemporary, articulated streetwall along Oxford Street, stepping back at the upper levels to mitigate bulk and improve visual integration with the local character. A new laneway will improve pedestrian connectivity to Shadforth Street, while communal open spaces are integrated at both ground and rooftop levels.

<img alt="Oxford160" data-entity-type="file" data-entity-uuid="0d6e77ed-8c25-4c52-a82d-dd076c66c777" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-01%20at%209.52.46%E2%80%AFAM.png?VersionId=hjYcxIWIDOn7JWeom6RzIz7MWc1VG6HF" />

According to the Urban Design Supporting Letter prepared by architect and urban designer Matthew Pullinger, the new scheme “represents a contextually sensitive, responsive and high quality renewal of the site and the broader urban landscape”.

Pullinger said there are a range of benefits to the project, namely its contribution to the renewal of "this part of Oxford Street as a distinctive higher density urban high street and a defining element of greater Sydney’s urban character, thereby enhancing the vitality and liveability of this important street."

The new building will replace&nbsp;a dated 1960s-era apartment block which has 27 studio apartments.&nbsp;Design documents note that the current structure detracts from the character of Oxford Street, with the proposal seeking to restore and enhance the continuity of active shopfronts along the northern edge of the street.

The last project to launch on Oxford Street sold out immediately. It was fashion legend Robby Ingham's The Cambrian, which sold all of its 15 apartments in the first five hours of its weekend launch in 2023 through Ben Stewart.

Toohey Miller plans rare new apartment development on Oxford Street, Paddington 

<a href="https://www.apartments.com.au/developers/geocon-group">Geocon</a>&nbsp;is advancing its plans for its new&nbsp;mixed-use precinct in Braddon, updated the designs for the prominent site at the intersection of Northbourne and Wakefield Avenues.

The Canberra-based developer is proposing 558 apartments and seven commercial tenancies across four buildings under a staged application first lodged in 2023. The project also includes four levels of basement parking, communal spaces, pedestrian links, and landscaping enhancements.

While the development’s scale remains consistent, the current amendment introduces extensive changes to apartment layouts, building envelopes, façade articulation, and basement design.

According to the Design Statement by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, these adjustments were driven by two core objectives: “enhancing apartment and common area amenity” and “ensuring acknowledgement of the housing design guidelines, entity advice, and planning expectations, while retaining the integrity of the original architectural concept”.

<img alt="Northbourne and Wakefield Avenues" data-entity-type="file" data-entity-uuid="066194ad-d73f-49b7-8e39-09e20690a7ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202.png?VersionId=I7eLnim8erdwd2Yu1N5sIcLSndeOK_TC" />

The revised apartment mix has been rebalanced to increase diversity and affordability, including a broader range of unit sizes and a higher proportion of three-bedroom dwellings. The updated design also removes problematic layouts, such as “snorkel” bedrooms and internalised studies, to improve liveability and natural light access.

Cox Architecture noted that “studios and smaller one-beds provide entry-level housing and broaden affordability,” while the number of family-sized three-bed apartments has been increased “in direct response to market demand and policy objectives”.

The circulation spaces within the towers have been redesigned to improve wayfinding and daylight penetration, while the ground floor layout has been reworked to create clearer and more visible entry points, particularly from Northbourne Avenue.

Refinements to the building’s massing and façades have also been introduced in response to planning feedback, with additional breaks and articulation to reduce perceived bulk. “Rooftop plant and lift overruns have been integrated and screened, resolving visibility concerns,” COX stated.

Basement levels have been consolidated and made more efficient, with improvements to bike and storage facilities.

<img alt="Northbourne and Wakefield Avenues" data-entity-type="file" data-entity-uuid="a1ab9357-707d-46fd-95d7-d6e09c70f20b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%203.png?VersionId=crDXvrmDsGqFGcb_p6NSUlsr0vYsRacq" />

The precinct’s pedestrian connections have been clarified, and the public realm has been restructured to improve permeability and align with the broader Northbourne corridor urban design framework. Landscaping updates include increased deep soil zones and rooftop communal areas, with tree management to be addressed separately.

Geocon acquired the 10,633 sqm site earlier in 2023 following approval of a prior build-to-rent scheme by Evri Group. The existing nine-storey commercial building was demolished in 2022.

The current proposal, designed by Cox Architecture, is positioned as a key contributor to the ACT Government’s urban renewal vision for Northbourne Avenue, an established transport and development spine served by light rail and major arterial roads.

First look: Geocon refines plans for four-tower precinct on Braddon's Northbourne Avenue

The booming Bilinga beachfront is set for another luxury apartment development, with plans filed for KYRR, an 11-level block on the dress circle Pacific Parade.

<a href="https://www.apartments.com.au/new-apartments/kyrr-70-pacific-parade-bilinga-qld-4225">KYRR</a>, on the corner of Pacific Parade and Archer Street, will comprise 24 apartment on its prime 1,009 sqm site. There had previously been plans for a much more boutique seven-storey, five-unit scheme.

Plans have been pitched by CHM Living, an entity associated with James Quinert, the founder of Norwood Constructions which is based in Melbourne.

<img alt="70 Pacific Parade and 1 Archer Street" data-entity-type="file" data-entity-uuid="2f6159ee-3511-4b16-b9fa-ae8c008b8faf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_5.png?VersionId=4n2YaBQdjXcshUAkxX8ei9X5N0v2AWqB" />

Designed by <a href="https://www.apartments.com.au/architects/byculprit">ByCulprit Architects</a>, the project includes a sculptural façade with soft curves and natural finishes, inspired by the rhythm and calm of the nearby Pacific Ocean.

According to the Town Planning Report by Town Planning Alliance, the project aspires to reflect the intent of the Medium Density Residential zone, aiming to "contribute to the city’s iconic skyline along the coastal spine" with a high degree of architectural modulation and landscaping that softens the built form.

There will be 22 large-scale three-bedroom apartments and two five-bedroom penthouses. The wellness amenities, including a gym, steam room, sauna, pool, golf simulator, and cold plunge, will sit on level one.

Kyrr will follow in the footsteps of <a href="https://www.apartments.com.au/buildings/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">PIPIS</a> in Bilinga by SIERA, which is all but sold out with just one of its luxury 19 apartments left to sell. The building set suburb records, with the penthouses both selling for over $8 million. Down the road is Bilinga House, which has a wider mix of configurations and price points starting from just over $1.2 million.

First look: Bilinga beachfront set for new luxury apartment development, KYRR

<a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a> has received development approval for Archer &amp; Albert, a 32-storey, mixed-use residential development in the heart of Chatswood.

Located at 57–61 Archer Street and 34 Albert Avenue, <a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> will deliver 150 new homes, including affordable housing, alongside ground-floor and podium retail, commercial space, a heritage house activated as a café, additional ground-level activation, and a landscaped publicly accessible park designed for community use.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> is one of the few large-scale residential developments in the heart of Chatswood City to progress through a council-led architectural design competition and secure development approval, positioning it at the forefront of design led housing.&nbsp;

<img alt="Archer" data-entity-type="file" data-entity-uuid="33cb754a-1493-4203-bd16-096d320597f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C03_EXT_StreetScape_ID1.jpg?VersionId=oLUPFVAMxuRUTH1Bwki16R48cEo.vLeB" />

Designed by global architecture practice <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, long-term collaborators of the Coronation team, the project draws inspiration from the Sydney Blue Gum High Forest and the leafy character of the South Chatswood Heritage Conservation Area. The design integrates a restored heritage-listed home and establishes a landscaped connection between Chatswood’s urban centre and its surrounding residential neighbourhoods.&nbsp;

“This is an important project for us and our first entry into the North Shore,” said Joe Nahas, Managing Director of &nbsp;Coronation Property.&nbsp;

“We are deliberate about where we invest and build, <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> stands out because the fundamentals are already strong. Transport, employment, education, retail and health are all in place. Archer &amp; Albert is about adding new housing into a centre that already works and building on what exists.”&nbsp;

<img alt="Chatswood" data-entity-type="file" data-entity-uuid="620fcd78-00be-489b-823a-ca353387b91b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C04_EXT_PARK_HA_ID2.jpg?VersionId=NxSl04Zl1rzt94xlXNA6CNzSR9XMyLgP" />

Aras Labutis, Head of Urban Transformation at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said the project reflects a disciplined, collaborative approach to city shaping.&nbsp;

“Chatswood sits at an important junction between high-density commercial activity and established residential &nbsp;neighbourhoods," Labutis said.

"Our focus for Archer &amp; Albert was to manage that transition carefully, respecting what’s already there &nbsp;while contributing something new that feels deliberate and enduring."

The approved scheme delivers:&nbsp;

<ul>
	<li>A 32-storey mixed-use tower comprising 150 homes, including 41 affordable housing dwellings • 530sqm of ground-floor retail, dining and commercial offerings&nbsp;</li>
	<li>A 760sqm wellness tenancy integrated within the podium&nbsp;</li>
	<li>A restored heritage building, thoughtfully reimagined as a café overlooking the park&nbsp;</li>
	<li>A landscaped public park, designed as a calm green retreat in the heart of Chatswood&nbsp;</li>
	<li>Resident amenities include a premium gym, golf simulator, mahjong room, dedicated wellness areas, private &nbsp;dining facilities and a curated wine room&nbsp;</li>
	<li>Deep private balconies designed to capture outlooks and northern light&nbsp;</li>
	<li>A refined material palette of natural stone, timber and terracotta&nbsp;</li>
</ul>

[smartcode_project_cta:default project_id=29796]

Coronation receives green light for Archer & Albert apartments in Chatswood

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. 
<div>
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.
</div>
<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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