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

Joel Robinson

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

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

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

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

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

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

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

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

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

Gavin Rubinstein

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Ray White TRG, The Rubinstein Group, have secured their first recruit since opening their new Woollahra office.
They've appointed the Ray White Double Bay agent Evan Williams as an associate director.
Williams, who worked alongside Gavin Rubinstein at the Double Bay office, told the Wentworth Courier it was Gavin who introduced him to Ray White Double Bay initially.
“I’m looking forward to being the ‘family man’ in the most progressive real estate outfit in the country," Williams, who left RW Double Bay last month, said.
Williams is married to Kashaya, a wedding planner, and they have three sons, James, 14, Aston, 9, and Jasper, 5.
Before joining Ray White Double Bay Williams was at Ray White's more established Woollahra office. He was a sales executive and auctioneer.
He had previously been a sales PA at First National Double Bay and later a property consultant at Laing &amp; Simmons Woollahra.
Williams was part of the $33.25 million, 2017 sale of Eynesbury, the <a href="/expert-insights/buying/eynesbury-the-tightly-held-art-deco-edgecliff-apartment-block-sold-for-33-25-million">tightly held art deco apartment block</a> in Edgecliff.
He also sold the <a href="/news/vaucluse-lighthouse-keepers-cottage-sells">landmark Lighthouse Keepers Cottage</a> in Vaucluse for $7.5 million in 2016. 
Williams is a Cranbrook School alumni.
Rubinstein <a href="/news/gavin-rubinstein-departs-ray-white-double-bay">departed Ray White Double Bay in late April</a> however was later retained by Ray White.
He <a href="/news/gavin-rubinstein-heading-to-queen-street-woollahra-under-ray-white-banner">opened a Woollahra office</a>, the second in the pricey suburb, with The Rubinstein Group, made up of agents Cae Thomas, Oliver Lavers and Bradley Plos, operations manager Jerome Srot and executive assistant Remi Quinlivan.
 
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Evan Williams joins Ray White's The Rubinstein Group 

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Ray White Double Bay have recruited Ballard Property young gun Alan Fettes to their team following the hole left by number one agent Gavin Rubinstein.
Fettes, who has five years experience selling real estate in Sydney's eastern suburbs, has been billed as the youngest agent to ever earn $1 million in commission at the age of 24.
The appointment has been described by Ray White as a "dawn of a new era" for Ray White Double Bay.
Fettes was previously at Ballard Property for two years, having previously spent three years at Pillinger.
Fettes (right of the main image) has brought his sales associate Calvin Stewart with him (left of the main image).
“I’m thrilled to be joining the most successful real estate businesses in the country, Ray White Double Bay has always been an office in which I envied to be a part of," Fettes said. "The support from the agents within the office combined with the reach that the household brand provides will elevate my career to new heights.
“The processes and structures Ray White has been developing and mastering for last 117 years are in my opinion - unmatched. This will now allow me to add an extra level of service to my clients.”
Ray White Double Bay managing director Elliott Placks said now was the time to re-invigorate and add a new layer to his collaborative team.
“Bringing Alan to the team is an important step as we look towards the future. This business has been going from strength to strength for more than 32 years, and I look forward to leading the already strong sales force over the coming years,” Mr Placks said.
“Every business goes through a period of renewal from time to time and we’re thrilled to have Alan join us. No doubt he’ll bring a new sense of excitement and fresh positive energy  to our office.
“We have a team that thrives on the success of each other and we celebrate and share with each other. That is a value statement that we hold dear and very clear at Ray White Double Bay.
“Alan is an established agent and we will support his ambitions into the future.
“I am so excited about the future and since taking ownership of the flagship office in the Ray White stable, I am relishing the next phase of growth for us all."
Gavin Rubinstein, who <a href="/news/gavin-rubinstein-departs-ray-white-double-bay">departed Ray White Double Bay late last month</a>, has been kept on by the real estate giant and is <a href="/news/gavin-rubinstein-heading-to-queen-street-woollahra-under-ray-white-banner">opening his own Ray White shop in Woollahra</a>.
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Ray White Double Bay hire Gavin Rubinstein replacement

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Gavin Rubinstein is whispered to be heading to Woollahra where he will still operate under the Ray White network.
He is destined for Queen Street, Woollahra, the upmarket district where Randall Kemp has fronted the national brand from Moncur Street.
Kemp and Rubinstein are suppose to work collaboratively, as Rubinstein seeks listings in Bellevue Hill, Rose Bay, Vaucluse, Dover Heights, Double Bay and Bondi.
Rubinstein, along with his current five members of The Rubinstein Group, has been with Ray White Double Bay for more than a decade. 
His only recent social media tweet has been: Don’t follow the path. Blaze the trail. 
It is understood he will own the agency business.
<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/2019/5/16/gavin%20insta%20post.jpg" alt="">
 
<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/2019/5/16/gavin%20rubinstein.jpg" alt="">
There have been recently denied suggestions that the White family Ray White head office was "mortified" at the prospect of losing Rubinstein from the group where he has been the top seller for the past six years.
<div>
<div class="m_-4316370515819688225gmail_signature" dir="ltr" data-smartmail="gmail_signature">Gavin Rubinstein's departure from Ray White Double Bay was announced by Ray White Double Bay’s managing director, Elliott Placks late last month.</div>
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“We have enjoyed watching Gavin and his team grow and develop over the years. Our business is like family, and sometimes you have to let them go to grow,” Mr Placks said.
Rubinstein, 31, celebrated 10 years in the real estate industry in 2017, and was just nine months short of 10 years with Ray White Double Bay.
Rubinstein ranked as the number one residential salesperson in all of Australia for Ray White in the past six years.
Placks described the departure as simply “a parting of ways” having briefly initially been reported as describing it as a “divorce”.
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“It’s not an ugly divorce in any sense,” he reportedly said.
“Our values have shifted over the past six months and we’ve decided to part ways."
Rubinstein’s current listings go to May 23 auction.
Last October Rubinstein was featured on the front cover of the local paper, described as "a celebrity in the dazzling world of eastern suburbs property."
There has been no comment forthcoming from Placks on Rubinstein's repositioning, but the two were increasingly engaged in competitive pitching for the same listings when they both operated out of the Double Bay office.
Ray White Double Bay has <a href="/news/ray-white-double-bay-hire-gavin-rubinstein-replacement">recently recruited Alan Fettes</a> from Ballard Property Group.
 
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Gavin Rubinstein heading to Queen Street, Woollahra under Ray White banner

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Ray White's former leading agent Gavin Rubinstein is airborn today.
He has posted a selfie to his near 20,000 Instagram followers from his pointy end plane seat, which came after a short video via his camera team as he headed through the international terminal.
No glamorous holiday or work destination this time, but a charity fundraising commitment, RISE 2019 in Christchurch following its recent mosque shootings. 
<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/2019/5/2/GR1.jpg" alt="">
After Tuesday night's sudden departure <a href="/news/gavin-rubinstein-departs-ray-white-double-bay">from Ray White Double Bay</a>, Rubinstein had posted an image of himself and three associates, Oliver Lavers, Cae Thomas and newest recruit Bradley Plos, jumping in the air with the caption 'Dreamchasers'.
Sydney socialite Barbara Coombes, executive assistant at Coombes Property, commented on the post, writing that the image was "cool &amp; perfectly styled might I add."
Lavers also posted after the big announcement to Instagram a picture of the extended team including Remi Quinlivan.
The decision that ended Rubinstein's time at Ray White came after the newly installed Double Bay chief Elliott Placks returned from a holiday in Mauritius celebrating his 10th anniversary with wife Lauren Smorgon.
The Rubinstein Group website is down.
But team member Jerome Srot was taking his mobile calls.
There is no indication yet as to Rubinstein's plans.
 
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Gavin Rubinstein aims high after Ray White Double Bay departure

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<div class="m_-4316370515819688225gmail_signature" dir="ltr" data-smartmail="gmail_signature">Gavin Rubinstein has departed Ray White Double Bay, where based on sales commissions he was the agency’s best performer globally last year.</div>
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It was announced by Ray White Double Bay’s managing director, Elliott Placks tonight.
"There is no doubt that Gavin had left an indelible mark on the Sydney property scene in his career to date," Placks said.
“We have enjoyed watching Gavin and his team grow and develop over the years. 
"Our business is like family, and sometimes you have to let them go to grow. ” Mr Placks said.
It was last September when the founding directors of Ray White Double Bay, Craig Pontey and Michael Finger sold their shareholdings to Elliott Placks, securing a 30-strong sales force.
The Ray White Double Bay office had previously sold more than $930 million annually, being the number one office in Ray White’s Australian network for the last seven years.
Rubinstein, 31, celebrated 10 years in the real estate industry in 2017, and was just nine months short of 10 years with Ray White.
Rubinstein ranked as the number one residential salesperson in all of Australia for Ray White in the past six years.
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<div>There has been no indication from Rubinstein as to his next move, and there are denied whispers he is headed to LJ Hooker's Avnu.</div>
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<div>The departure was announced at 7.30pm, just minutes after Rubinstein posted an Instagram on his latest Dover Heights auction offering.</div>
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<div>His social media profiles still have him at Ray White. </div>
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<div>Rubinstein has previously said he has found technology, media and social media as a great way to stay in touch on a mass scale.</div>
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"It’s guerilla marketing.
“I engage with most of my clients through Facebook, LinkedIn or Instagram and constantly am active on these platforms.”
He has 20,000 followers in Intsagram.
He once said what sets him apart from other agents all comes down to hard work.
“Work ethic and discipline around what is required to be done daily to succeed in this business.
"I simply outwork the competition. 
"It is very hard to beat someone who doesn’t give up.”
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<div>Rubinstein likes the international highlife, regularly taking off for short stays at the Beverly Hills Hotel in LA.</div>
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His mates call it his second home.
<img src="https://www.urban.com.au/images/2018/9/13/Screen%20Shot%202018-09-13%20at%2010.53.43%20am.png" alt="">
Rubinstein sold TV personality Larry Emdur his and wife Sylvie's <a href="/news/larry-emdur-secures-apartment-in-the-rocks">Sydney CBD bolthole late last year.</a>
Placks, this evening described it as simply “a parting of ways” having briefly initially been reported as describing the parting of ways as a “divorce”.
“It’s not an ugly divorce in any sense,” he reportedly said.
“Our values have shifted over the past six months and we’ve decided to part ways."
Placks said Rubinstein’s current listings would continue to carry Ray White Double Bay branding.
Rubinstein told the local paper The Wentworth Courier he didn’t wish to comment.
Last October he was featured on the front cover of the paper, described as "a celebrity in the dazzling world of eastern suburbs property."
 
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jchancellor-FAypfDUnLy

Gavin Rubinstein departs Ray White Double Bay

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Ray White Double Bay’s leading residential agent Gavin Rubinstein has added Bradley Plos to the team.
Plos has been described as a "young, energetic prodigy."
Rubinstein, the director of The Rubinstein Group, said at the core of the team's focus is providing the best possible customer service.
“Energy, hunger and drive are critical in this business and surrounding yourself with those who possess these traits will only make you more effective for your clients.”
<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/2019/1/18/Rubin-team.jpg" alt=""> Rubinstein and his team before the latest recruitment.
“Bradley certainly has those characteristics which is exciting, and I believe he will be yet another point of difference to the value proposition TRG has to offer," Rubinstein said.
"At the end of the day for us, the bottom line is always being vendor focused.” said Mr Rubinstein.
Plos is a new convert into the real estate industry, having only started sale at Hudson McHugh in late 2017.
According to realestate.com.au, he had one sale to his name, a unit in Ashfield which sold last year.
 “I’m extremely excited to be joining Gavin and his team and welcome the pressure that this level of the industry demands," Plos said.
"I feel I have a lot to give and I am thankful for the opportunity.”
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jrobinson-rf4aSBido9

Gavin Rubinstein adds Hudson McHugh agent Bradley Plos to his team

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Ray White sales agent Gavin Rubinstein, the number one agent with the real estate giant, has bought a Potts Point investment apartment.
He's gone off-market to pay $1.88 million for a 120 sqm apartment in the Rockwall building on the Macleay Street dress circle.
He has been a resident on nearby Wylde Street in what has been a $2200 a week rental.
<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/2018/9/12/gav%202.jpg" alt="">
The contemporary apartment, last traded for $1,275,000 in 2014, has two bedrooms, a marble kitchen and a balcony off the open plan living and dining area.
Rubinstein is seeking a tenant at $1,350 a week, which would reflect a 3.7 percent yield.
Socialite Heidi Onisforou has owned the building's penthouse since 2016 when she paid $4.4 million. She snapped up the apartment just one day in to its marketing.
It was the last sale in the tightly held block.
Last month Rubinstein, who has previously used the publicity firm of Roxy Jacenko to publicise his achievements, was named Ray White's number one agent for the <a href="/news/ray-white-remuera-beats-out-double-bay-again-but-gavin-rubinstein-takes-the-top-residential-spot-for-sixth-time">sixth consecutive year.</a>
This time last year Rubinstein sold $50 million worth of properties in <a href="/news/ray-whites-gavin-rubinstein-sells-50-million-worth-of-properties-in-19-days">just 19 days.</a>
None took to ratemyagent, with Rubinstein having no favourable reviews for two years now.
Earlier this week the Ray White Double Bay business was <a href="/news/ray-white-double-bay-founders-craig-pontey-and-michael-finger-sell-out-to-elliott-placks">sold to his colleague Elliott Placks</a>.
The agency sold $930 million of property in the last year.
The dynamic salesman likes the international highlife, regularly taking off for short stays at the Beverly Hills Hotel in LA.
His mates call it his second home.
<img src="https://www.urban.com.au/images/2018/9/13/Screen%20Shot%202018-09-13%20at%2010.53.43%20am.png" alt="">
Rubinstein sold TV personality Larry Emdur his and wife Sylvie's <a href="/news/larry-emdur-secures-apartment-in-the-rocks">Sydney CBD bolthole late last year.</a>
They paid $3 million for the designer apartment in a converted factory building in The Rocks.
 
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firstname1-iYD4UYzvBa

Ray White number one agent Gavin Rubinstein splashes out in Potts Point

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Ray White Remuera has again been named the top office in the Ray White Group.
It was for the third year in a row.
Edging out Double Bay, the Auckland business won the award based on the highest settled commission.
Ray White Double Bay - with the dress circle address in Sydney’s eastern suburbs - had more than $930 million in residential sales.
The year saw a return of the lower north shore office in Sydney to the top 10.
Ray White Remuera principal Megan Jaffe said credit goes to the team effort.
The award came after a year in which the Ray White Group sold $45.4 billion in property.
It compared to $44.7 billion in annual sales in 2016-17, which was raised to $45.7 billion once all the sales were tallied.
The group also revealed its top-performing principal and agent for 2017-18 with Andrew Jolliffe (pictured below) announced as the company's number one principal internationally.
<img src="https://www.urban.com.au/images/2018/8/14/JOLLIFFE.JPG" alt="">
Sydney-based Mr Jolliffe, headed up the group's hospitality and leisure arm in the Asia-Pacific.
But Jolliffe has stopped selling under the Ray White brand as he now "works in partnership with the White family and Daniel Dragicevich" at HTL.
Gavin Rubinstein of Ray White Double Bay (pictured below) was named as the top international residential performer for the sixth year in a row.
 <img src="https://www.urban.com.au/images/2018/8/14/GAVIN%20.jpeg" alt="">
Ray White director Dan White said the biggest real estate network in Australasia continues to remain restless in its pursuit of excellence.  
Top 10 Selling Principals - Settled Commissions (2018)
1 - Andrew Jolliffe - Top Selling Principal and No 1 International Performer -  Ray White Hotels Australasia
2 - David Walker - Ray White Wahroonga | Turramurra
3 - Geoff Smith - Ray White Lower North Shore
4 - Helen Yan - Ray White Balwyn
5 - Vivien Yap - Ray White Dalkeith | Claremont
6 - Heather Walton  - Ray White Epsom
7 - Matt Lancashire - Ray White New Farm
8 - Shaun Stoker - Ray White Surry Hills | Erskineville | Alexandria
9 - Elliott Placks - Ray White Double Bay
10 - Roger Lyne - Ray White Rural Dalby 
Top 10 Salespeople - Settled Commission (2018)
1 - Gavin Rubinstein - Top Salesperson and No 1 International Residential Performer
2 - Anton Huang - Ray White Howick
3 - Sam Guo - Ray White Broadbeach
4 - Sonya Treloar - Ray White Bridgeman Downs
5 - Matt Gates - Ray White Sanctuary Cove
6 - John Quiambao, Ray White Remuera
7 - Steve Koerber -  Ray White Remuera
8 - Ben Thomas - Ray White Ferntree Gully
9 - Robyn Ellson - Ray White Ponsonby
10 - Brendan Lappan - Ray White Macarthur Group
  Top 10 Offices - Internationally by Settled Commission
1 -  Ray White Remuera
2 -  Ray White Double Bay
3 -  Ray White Surfers Paradise Group
4 -  Ray White City Apartments
5 -  Ray White Ponsonby
6 -  Ray White New Farm
7 -  Ray White Lower North Shore
9 -   Ray White Howick
10 - Ray White Canberra 
Property Management Team of The Year
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Ray White Surfers Paradise Group
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Ray White Remuera beats out Double Bay again, but Gavin Rubinstein takes the top residential spot for sixth time

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Gavin Rubinstein, who started as a personal assistant when he entered the real estate industry aged 20, won last year's national AREA award for excellence in customer service.
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The Ray White Double Bay agent won the award at the Annual REA Excellence Awards (AREAs), hosted by REA Group, the parent company of realestate.com.au.
The 2017 nominations close June 30 for the next awards.
At the time he won he was exceeding $250 million worth of sales over the prior 12 months.
One of his celebrity clients, tailor Patrick Johnson and interior designer wife Tamsin, sold their Darling Point apartment for $1,775,000 earlier this year.
Rubinstein says he "never sugar coats" the situation with sellers.
"I always tell my clients what they need to hear, rather than what they want to hear,” he said.
“Even before the agency agreement is signed, I make myself available to my clients around the clock. My mornings start at 5am and my evenings go late into the night so I am always on the task at hand and my clients know this about me should they need to make contact.”
Rubinstein says he has found technology, media and social media was a great way to stay in touch on a mass scale.
"It’s guerilla marketing,” Mr Rubinstein told News Ltd on his victory.
“I engage with most of my clients through Facebook, LinkedIn or Instagram and constantly am active on these platforms.”
He said what sets him apart from other agents all comes down to hard work.
“Work ethic and discipline around what is required to be done daily to succeed in this business.
"I simply outwork the competition. 
"It is very hard to beat someone who doesn’t give up.”
In 2015 Rubinstein was awarded the number one salesperson for the Ray White Group worldwide in 2015.
He has been the number one salesperson across New South Wales for the last four years running.
"I think you have got to shut out all of the noise and just work damn hard," Rubinstein recently told Elite Agent.
"That’s the key. You could talk about all of these tricks and you can wrap it up in a pretty bow, all sorts of fluff, but at the end of the day, hard work trumps it all."
For more information, click here.
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