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

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

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

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Hunter Valley

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The Hunter Valley's Adina Vineyard and Olive Grove has been sold by Peter O'Meara, chairman of the Australian Olive Association.
Peter is retiring and selling both the <a href="https://www.realestate.com.au/sold/property-lifestyle-nsw-lovedale-7804306" target="_blank">Lovedale property</a> and the business he and wife Helen have built over the decades.
It fetched around $7 million when sold to JDC Prime.
The 49 hectare Adina estate features a nine-hectare vineyard, modern cellar door, olive processing facility and three luxury accommodation lodges.
<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/2017/11/6/Adina2.jpg" alt="">
The vineyard produces shiraz, cabernet, sangiovese, semillon, pinot gris and chardonnay varieties.
"The property is considered by many to be the home of the olive industry in the Hunter Valley, not just because of the quality of fruit that is produced from the olive grove, but because it has both the largest and most modern processing plant in the lower Hunter Valley," said the marketing by selling agent Cain Beckett of Jurds Real Estate.
Adina Vineyard is on Lovedale Road.
The property is divided into two adjacent blocks with a total area of 120 acres.
The estate features a modern cellar door, restaurant, tourist accommodation, day spa, olive processing facility, machinery sheds and a wide range of grape varieties.
<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/2017/11/6/Adina3.jpg" alt="">
The vineyard was established in the 1860s and the modern vineyard planted between 1980 and 2000. It produces semillon, shiraz, chardonnay, cabernet sauvignon as well as other varities including several popular Italian varieties like pinot grigio and sangiovese.
The tourist accommodation side of the business was established in 2006 with architect designed lodges which host up to six adults.
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Adina Vineyard, Lovedale sold for $7 million

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AVID Property Group has purchased 750 residential lots at Waterford County, as part of an established masterplanned community in Chisholm, New South Wales in the Lower Hunter region.
Cameron Holt, AVID Property Group CEO said the acquisition forms part of AVID’s growth strategy in New South Wales and supports the national goal to triple the company’s value over the next five years.
“We are no stranger to the region, with our development, Harvest, located just next door and benefitting from much of the same infrastructure investment we have made in the region,” he said.
“The Lower Hunter is increasingly becoming an affordable alternative to the Sydney housing market with many buyers moving out of Sydney in favour of regional New South Wales.
“Harvest and Waterford County are poised to meet demand for the booming population of nearby Newcastle, which is undergoing a $500 million revitalisation.
“This will create more job opportunities over the next decade, improved transport services and increase the need for housing in the region.
“The second half of 2016 saw a 40 per cent rise in sales at Harvest, showing a firm demand for property in the area.
“The opportunity to expand our market share sets AVID up strongly within the high-performing region, forecast to be home to more than 26,000 additional residents by 2036,” he said.
“We are looking forward to pushing through the completion of this large project,” he said.
“This AVID project will complement the ongoing development of Harvest, which is 75 per cent complete and has already welcomed over 700 residents.”
 
 
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AVID Property Group secures 150ha site in Lower Hunter

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The Bimbadgen Estate in the Hunter Valley has just got bigger.
Lee Seng Huang, the executive chairman of the Mulpha Australia Group, has spent $1.9 million on an adjoining 10 hectare holding, Worthington's Vineyard on Palmers Lane.
The sale was through Jurds agent Cain Beckett.
The vineyard was originally planted in 1968 by Allan Martin and his family with the help of his mate, Max Lake. The Worthington family has lived and worked in the Hunter Valley since the 1980s.
The neighbouring Bimbadgen’s Palmers Lane vineyard also dates back to the late 1960s. 
Its name stems from the local indigenous language meaning ‘Place of Good View’.
Bimbadgen was acquired by the Lee family in 1997 for $2.6 million when it was known as Parker's vineyard and winery.
This article first appeared in the Sunday Telegraph.
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Hunter Valley Bimbadgen Estate just got bigger

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Iris Capital’s new residential project in the Hunter Valley is all set for a July public launch.  
The $60+ million project, Wyndham Ridge Estate, is nestled amongst green fields and towering gums in the picturesque Hunter Valley. 
The master plan consists of subdivided lots which range from 600 sqm–2000 sqm and are priced from $190,000-$280,000.
Buyers can choose a new home from one of Iris Capital’s builders or create their own, according to a media release.
Construction on stage 1 has already begun with completion expected in February 2018. 
<img src="https://www.urban.com.au/images/2017/06/21/Wyndham2.png" alt="">
With around 7,000 people moving to the Hunter every year – the region is one of Australia’s largest regional economies based on resources, tourism and services. The Hunter Region is the sixth most visited place in Australia with a $2+ billion tourism industry, according to Iris.
The estate is also on the doorstep of Hunter Valley Wine Country. There are more than 75 cellar doors within 15 km of the development.
Newcastle is close and Sydney’s CBD is a 1.5-hour drive, according to Iris, making it a perfect getaway or an opportunity to live. 
Other nearby major upgrades include Newcastle’s new university campus and the Newcastle International Airport. 
The newly created Huntlee also offers a Coles supermarket, specialty shops and education facilities just a 5-minute drive from home. 
For more information, <a href="https://iriscapital.com.au/developments/" target="_blank">click here</a>.
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Iris Capital to launch land lots in Wyndham Ridge, Hunter Valley estate

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Sam Arnaout has emerged as the buyer of the iconic vineyard and winery Dalwood Estate near Branxton.
The boss of Iris Capital paid $3 million plus for the 104 hectare property that fronts the Hunter River.
Established in the 1800s, the property with sandstone winery buildings and a concert amphitheatre is accredited as among the Hunter Valley's oldest wineries.
It was the site of some of the first vines planted in the colony by George Wyndham who also built the now heritage listed Dalwood House.
Pernod Ricard closed the tourism facilities known as Wyndham Estate in October 2014, citing commercial reasons for their decision.
Another purchase last year came when Arnaout bought the prized Sweetwater estate at Pokolbin. It's wines are now served at the Fountain Cafe.
The 48 hectare Pokolbin property came with initial hopes of $30 million, but $12 million was its last price guidance.
It produces Cabernet Sauvignon and Shiraz on 16 hectares. 
Arnaout bought the Kirby family Hungerford Hill boutique winery for $4.4 million.
He also owns 1.66 hectares of prime real estate in Newcastle's Hunter Street mall.
Arnaout, who entered the hotel industry in 1995, has a whole-floor penthouse in the Bennelong apartment complex which was bought from Margaret Maloney, the widow of the hotelier Cyril Maloney for $18 million in 2015.
Iris Capital owns expanded site, The Bourbon in Potts Point. 
The king of the emerging Kings Cross residential rejuvenation, has been quietly amassing a huge building site at Kings Cross's northern end around his Bourbon Hotel premises.
His Kings Cross purchases now total $66 million.
This article first appeared in the Sunday Telegraph.
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Sam Arnaout revealed as Dalwood Estate winery buyer

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Loggerheads, the trophy Hunter Valley vineyard estate last sold in 2008, has been sold for about $6 million.
The <a href="https://www.realestate.com.au/sold/property-lifestyle-nsw-pokolbin-7709731" target="_blank">Pokolbin property</a> has wonderful provenance being the former home of the late Len Evans and before that the Tyrrell family.
It was last sold to Robin and Judy Crawford by Len Evan's widow, Trish Evans. 
<img src="/images/2016/12/19/Hunter%20Valley-2.jpg" alt="">
International model Miranda Kerr jetted in to spend last Christmas with her Gunnedah-based family, having taken a holiday lease of the vineyard estate.
There's still a village-like setting at the estate which has its rambling residential homestead with three adjoining pavilions. 
The seven bedroom, six bathroom homestead is Australian Country in design, with European influences, extensively refurbished by the architect Michael Suttor, surrounded by Paul Bangay gardens.
<img src="/images/2016/12/19/Hunter%20Valley-3.jpg" alt="">
The adjoining commercial property has also been sold in two lots.
This article was first published in the Saturday Daily Telegraph.  
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Loggerheads vineyard estate in Hunter Valley's Pokolbin sold

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The Hunter Valley winery named after a fictional village in the 1980s hit TV series A Country Practice has been sold for $7 million.
It's been bought by a director of one of China's largest animation studios, Lap Tung Tsoi.
The Lovedale property was originally known as Millstone Vineyard.
The 40-hectare property was renamed Wandin Valley by the creator of A Country Practice, James Davern, and his wife Philippa following their purchase in 1990 for $900,000.
The Davern's redeveloped the property into a winery, building the cricket pavilion-style main residence, manager's cottage, modern cellar, function rooms for weddings, and adding the tourist accommodation.
Wandin Valley fetched $4.75 million in 2010 when sold to the Mosman couple Katrina and Russell Leslie, who is a former Macquarie investment banker.
Tsoi is a director in his family's international animation and toy manufacturing empire Alpha Group which was founded by his billionaire brother, Cai Dongqing, who was a co-producer of China's all-time highest box office grossing movie The Mermaid.
Tsoi owns an $11.7 million mansion in Vaucluse.
Scottish-born and trained as a chartered accountant, Russell launched himself into the Hunter wine industry in 2005 by buying the former George Hunter Estate vineyard then in 2006 by acquiring the adjoining Gartelmann vineyard.
In 2009 he paid $2 million for the Warraroong property and then the Wandin Valley Estate which was retained until the sale last month.
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Chinese buy Wandin Valley winery

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Sam Arnaout, who runs the Sydney-based pub group and developer Iris Capital, is tipped to have expanded his Hunter Valley holdings following the sale by the Kirby family of its Hungerford Hill boutique winery and vineyard in Pokolbin for more than $6 million. 
<a href="https://www.realestate.com.au/sold/property-viticulture-nsw-pokolbin-7840066" target="_blank">Hungerford Hill Property </a>Pty Ltd was registered recently with Arnaout the sole director and shareholder.
Earlier this year Arnaout bought the prized nearby 48 hectare Sweetwater, Hunter Valley vineyard estate.
The Sweetwater Mediterranean-style weekender had been listed at around $12 million by Duncan and Lyn Hardie having come with initial hopes of $30 million.
Arnaout, who entered the hotel industry in 1995, has a whole-floor penthouse in the Bennelong apartment complex which was bought from Margaret Maloney, the widow of the hotelier Cyril Maloney for $18 million in 2015.
Established in 1967, Hungerford Hill Wines is an architectural icon, designed by architect Walter Barda on the Hunter’s most coveted gateway corner location, where 1.4 million visitors pass annually. 
The Kirby family acquired the premium Hungerford Hill brand from winemaker Southcorp in 2002. 
James Kirby developed the 22 hectares of land, mature vineyard, 300 tonne winery/cellar door, wine sales business, leased restaurant, brands and IP. It is a James Halliday 5-star winery.
Iris Capital owns some of Sydney's best-known hospitality venues including the Clovelly Hotel, The Bourbon in Potts Point and The Grand at Bondi Junction and a month ago snapped up the Colombian Hotel on Oxford Street from publican David McHugh for more than $15 million.
He has recently listed the popular Clovelly Hotel in Sydney's eastern suburbs having sold The Crest Hotel in Potts Point and the Crown Hotel Parramatta last year.
This article was first published in the Saturday Daily Telegraph.
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Kirby family sells Hungerford Hill

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The Hunter region in New South Wales holds a preliminary auction clearance rate of 59.1 percent for the week ending 4 September, according to CoreLogic.
The Gold Coast is at 40 percent and the Sunshine Coast at 27.3 percent.
<a href="/images/2016/09/05/Screen%20Shot%202016-09-05%20at%2012.40.49%20PM.png" target="_blank">Click to enlarge</a>
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Hunter Valley NSW reaps clearance rate of 59.1 percent: CoreLogic

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The Hunter Valley vintner James Kirby has listed Hungerford Hill Winery. 
The 22-hectares feature the landmark building with a restaurant and function rooms.
Its cellar door was designed by architect Walter Barda to look like a wine vat with the lid up.
<a href="https://jurds.com.au/listings/rural_sale-886817-pokolbin/" target="_blank">Some $6 million plus is being sought</a> for the property and stock through Alan Jurd and Cain Beckett of Jurds Real Estate.
Kirby bought the winery, then known as One Broke Road, in 2003 for $4.25 million from former McDonald’s senior executive Tim Tighe.
The property was expanded and it has been extensively redeveloped.
Kirby also purchased the Hungerford Hill label for the property. The brand was established in 1967.
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