There’s a quiet patch of <a href="https://www.apartments.com.au/developments/hawthorn-vic-3122">Hawthorn</a>, between the bustle of Glenferrie Road and the curve of the Yarra, that rarely sees change, and even more rarely, new apartments. But that’s exactly where <a href="https://www.apartments.com.au/developers/pomeroy-pacific-quattro-corp">PQD</a> is planting Kooyongkoot: a deliberate, 18-residence answer to the question of what downsizers actually want.

“This is something this pocket of Hawthorn has never seen before,” says Fil Gacesa, head of sales at PQD. “<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a> will deliver just 18 large-scale apartments in the heart of Hawthorn. It is the true definition of resort-style living.”

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/59D7VxzltmM?si=1iCzRD7FRneKryfv" title="YouTube video player" width="560"></iframe>

That scale is central to the story. It’s what allows for two dedicated lift cores, short corridors, and a generous lightcourt that draws natural ventilation and sunlight into every residence. It’s also what makes room for the sort of amenity usually confined to high-density towers: a fully equipped wellness centre with infrared and traditional saunas, yoga and pilates studio, cold therapy shower, and treatment room. There’s a golf simulator, car and dog wash stations, and extensive storage too, not bolted on, but baked in from the start.

But more than the checklist, it’s the design intent that carries weight. “This project has been many years in the making,” says Mark Pomeroy, Director of PQD. “Not just in planning, but in listening, to what our buyers and the local community are looking for”.

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That listening shows up in the materials, oak floors, natural stone, V-ZUG appliances, and in how space is handled. Penthouses feature private rooftop terraces with pools. Terraces and garden residences embrace outdoor connection. Inside, the layouts skew large and open, geared for hosting, not just housing.

Architecturally, <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>’s approach is grounded. There’s no reaching for spectacle here. Instead, the building offers a sculptural calm, anchored by landscaping from Eckersley Garden Architecture.&nbsp;

“We wanted to create spaces that feel expansive, serene, and meaningfully connected to daily life,” said founding partner Chris Stribley elsewhere.

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That sentiment, calm, connection, echoes in the location itself. Kooyongkoot sits just a short stroll from Central Gardens, Fairview Park, and the Rivoli Cinema. Tram lines and schools are close, but the street is tucked, quiet, and leaf-lined.&nbsp;

“Residents of Kooyongkoot will be a short stroll from Fairview Park, Central Gardens, and the Glenferrie Road retail strip," Gacesa notes, "but you're also cocooned in this peaceful pocket behind extensive landscaping by Eckersley Garden Architecture.”

Kooyongkoot is set for completion in late 2026.

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Staff Writer

The project that said no to compromise: Inside Kooyongkoot, Hawthorn

When long-time Ivanhoe locals Graeme and Catherine, decided it was time to downsize, they weren’t necessarily in a rush.&nbsp;

Like many in their stage of life, they had started thinking about apartment living, but anticipated making the shift in two to three years.

That timeline changed when they visited <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, a new boutique development by <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>. The project ticked all the boxes they were looking for: location, quality design, and long-term lifestyle benefits, which prompted them to bring their decision forward.

“It was the right place at the right time,” they said. “We knew immediately it ticked all the boxes, and we didn’t want to wait.”

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Their decision to downsize was driven by a combination of practical needs and lifestyle considerations. Their existing home, while much loved, had become increasingly difficult to maintain. It spanned multiple levels, included extensive front and back gardens, and was starting to show the wear that comes with age.&nbsp;

They were looking for a more manageable lifestyle, one with less upkeep and more freedom. A brand-new apartment with no maintenance requirements and the ability to simply “lock up and leave” gave them peace of mind and a greater sense of control over their future.

Financially, the purchase made sense as well. The available stamp duty savings, strong price-to-value offering, and timing of the settlement suited their plans, making the transition smoother and more cost-effective. The apartment's design and inclusions further supported their choice.

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The layout was both functional and flexible: three bedrooms, a butler’s pantry, a separate laundry, and a large open-plan living area. It gave them the freedom to host a family, accommodate guests, or set up a home office. The expansive balcony and elevated views added to the appeal, providing a sense of openness and connection to the outdoors.

“It just had a really good flow,” Catherine noted, something they found lacking in many other apartments they’d considered, particularly in the established market.

Candela’s boutique scale was another deciding factor. With a smaller number of residences and a top-floor penthouse position, the couple felt the development offered the privacy and space they were looking for, without feeling isolated.

“We liked that it wasn’t a huge development. It felt well-balanced, modern but still with a sense of community, not overwhelming,” they said.

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Equally important was the ability to remain in Ivanhoe, a suburb they know well and have deep roots in. After 46 years in the area, proximity to local parks, shops, and familiar faces mattered just as much as the apartment itself.

“We didn’t want to give up the community we’ve known for decades. Candela allowed us to upgrade our lifestyle while staying in the place we call home.”

With a Walk Score of 90, the village location supports a convenient, connected lifestyle. <a href="https://www.apartments.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a> Station is just a eight-minute walk away, and the neighbourhood offers access to parks, cafes, restaurants, and schools along Upper Heidelberg Road, all within easy reach.

Beyond the apartment, the couple also saw value in the broader vision for Candela, one that integrates residential living with public spaces and local amenities.&nbsp;

The development introduces 58 new apartments as well as a mix of commercial and social spaces that integrate contemporary architecture with the suburb’s existing character.&nbsp;

At ground level, residents will find a charming café and a lifestyle wellness centre, perfect for unwinding and rejuvenating. Meanwhile, the rooftop garden offers a stunning vantage point for residents to enjoy breathtaking sunsets, host gatherings, or enjoy barbecues with family and friends. It's not just a place to live; it's a vibrant community where every moment is an opportunity to connect and create lasting memories.

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Why Ivanhoe locals are choosing to downsize to Candela

Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

Project management and construction management firm Creative Vision filed the plans for the&nbsp;multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="34797362-f3dc-4d84-8235-2657fc5f3bde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Plan.png?VersionId=Uzckrz9tUpDQl5lX1_WMhjnv16bsr8wG" />

The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="369d7b54-1279-4cde-88ec-dcb215594414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podium_1.png?VersionId=QArL7B2kkLt63vl5xvL0FNV_ardAlez4" />

The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

First look: 900-home mixed-use precinct planned for Leppington

Leading Australian integrated property development group, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>, has released the signature penthouses crowning its landmark AURA by Aqualand precinct at 168 Walker Street in North Sydney, unveiling Il Magnate and La Divina as the largest and most luxurious penthouses in the suburb.

With prices anticipated to commence from $15 million, and each accompanied by a new Porsche Carrera 911 valued at over $500K, the residences mark the culmination of <a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>’s decade-long journey and the beginning of its final sales chapter. 
&nbsp; 
Their release follows more than $850 million in record-breaking residential sales and the building’s completion and occupation.

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The Richards Stanisich-designed 284 sqm Il Magnate and 224 sqm La Divina penthouses, collectively known as The Icons of AURA, are conceived as grand luxury homes rather than apartments, with expansive proportions, elevated materiality and curated identities that reflect their status as one-off residences.&nbsp;

Il Magnate features a grande master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space. &nbsp;

Meanwhile, the La Divina residence offers the same amenities, sans the powder room, on a slightly smaller alternate floor plan configuration.

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Each occupies half of AURA by Aqualand’s topmost 28th level, comes with four secure car spaces and pairs sweeping Sydney Harbour panoramas with large-scale living spaces, refined detailing and a level of craftsmanship and amenity rarely offered in the North Shore market.&nbsp;

Penthouse residents will also receive Etymon’s ‘Black Key’ private concierge and lifestyle management service, an invitation only offering providing the ultimate in bespoke personalisation, including a range of everyday discrete services, from dinner party management, grocery deliveries, pet feeding or plants watered, dinners, snacks and coffee deliveries, event ticket sourcing, right up to organising travel visas and international airfares. Rarely seen in Australian properties, the service provides residents the benefits of living in a world-class luxury hotel-style home, akin to The Ritz, or the Waldorf Astoria.

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<a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>’s Director, Kirsten Stanisich, said the studio set out to craft residences that feel profoundly considered, contemporary and deeply connected to their setting.

“From the outset, we approached these penthouses with the sensibility of a grand Parisian residence - generous in scale, elegant in proportion and designed to feel more like a handcrafted home than an apartment," Stanisich said.

“Their elevated position and sweeping harbour outlook informed every decision, creating a rare connection between urban sophistication and natural calm. We shaped each space with expressive materiality, sculptural forms and bespoke detailing that invite touch and interaction.&nbsp;

“The result is a pair of residences defined by volume, light and an inherent softness - refined, flexible and deeply personal. These penthouses are unlike anything else in North Sydney, offering a sanctuary of true luxury framed by some of the city’s most remarkable views.”

For Aqualand’s Head of Sales &amp; Marketing, Alex Adams, the collaboration with Porsche underscores the shared ethos behind the residences.

“Aqualand’s collaboration with Porsche underpins both brand’s sharing an obsession with craftsmanship, design excellence, and enduring value," Adams said.

“Our penthouses are created for those who appreciate the finer details and expect the extraordinary at every touchpoint. Including a Porsche simply extends that experience beyond the residence - it’s a continuation of the lifestyle our buyers already live.”&nbsp;

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Aqualand’s Managing Director, Jin Lin, said the penthouses represent both the pinnacle of AURA by Aqualand and an important design benchmark for the company’s future pipeline.&nbsp;

“These stunning penthouses reflect the purest expression of Aqualand’s design ambition," Lin said.

“The unparalleled design intent makes them not only the glistening crown of AURA by Aqualand, but the crown of North Sydney itself. They’re essentially a thank you gift to a burgeoning community that deserves this level of quality and architectural consideration.&nbsp;

“We’re leveraging the unrivalled standard set here as the foundation for what comes next, including our upcoming Anderson Street, Chatswood; 15 Blue Street, North Sydney and Central Barangaroo projects. Purchasers of these penthouses will essentially be living inside the blueprint of Aqualand’s future.

“These landmark residences demonstrate how far North Sydney has evolved and the strength of demand for highly curated, bespoke luxury homes. They’re more than penthouses, they’re legacy residences.&nbsp;

“With AURA by Aqualand now a thriving new precinct with residents well and truly settled, and our in-house world-class lifestyle amenity activated, Il Magnate and La Divina represent a once-in-a-lifetime opportunity to secure an extraordinary piece of North Sydney’s future.”

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Joel Robinson

Aqualand launches North Sydney penthouses with free Porsche Carrera 911

<a href="https://www.apartments.com.au/developments/bokarina-qld-4575">Bokarina</a> Beach has quietly evolved into one of the Sunshine Coast’s most complete coastal lifestyle precincts, defined not just by proximity to the ocean, but by how residential living, local retail and everyday amenity are stitched together.&nbsp;

Gardner Vaughan Group’s <a href="https://www.apartments.com.au/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina-qld-4575">Bask Bokarina</a> now represents the final residential chapter in that transformation.

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Over recent years, the Bokarina Beach precinct has taken shape as a walkable, community-oriented neighbourhood, anchored by beachfront access, Lake Kawana to the west, and a growing mix of cafés, specialty retail and public open space.&nbsp;

With Zinc Bokarina already delivered next door by <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG), Bask is the last opportunity to buy a brand new apartment within the precinct, effectively rounding out a fully formed coastal village.

GVG has positioned Bask to strengthen that lifestyle framework. Ten ground-floor retail spaces are planned beneath the residences, extending Bokarina Boulevard’s existing activity and reinforcing the area’s everyday convenience, from casual dining and coffee to local services, within a short walk of the beach.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The residential component comprises 135 apartments across two buildings, Mydas and Caretta, with a clear shift toward larger three- and four-bedroom layouts and penthouses. That mix reflects a maturing buyer profile in Bokarina, where demand is increasingly led by owner-occupiers and active downsizers seeking space, permanence, and connection to place rather than short-term coastal accommodation.

Design and amenity have followed the same logic. Residents will have access to a heated plunge pool, gym, private dining room with a full kitchen, landscaped communal gardens with barbecues and a firepit, and a shared herb and vegetable garden, facilities intended to support daily use rather than resort-style turnover. Pet-friendly features, including a dog wash bay, acknowledge both buyer expectations and the area’s dog-friendly beach, located around 250 metres from the site.

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“Bokarina has become one of the Sunshine Coast’s most desirable beachside communities, and Bask represents the very last chance to buy new in this location,” GVG Director Sam Gardner said.&nbsp;

“Our focus has been to create spacious, functional apartments that meet the needs of locals who want to downsize without compromise, as well as those seeking a full-time coastal retreat.”

Positioned between the Pacific Ocean and Lake Kawana, Bask apartments have been oriented to capture outlooks toward the water or the Glass House Mountains, reinforcing the project’s connection to its natural surroundings. With parks, beachfront paths, hospitals, retail and public transport already in place, Bask arrives at a point where the broader precinct is no longer emerging, but established.

Construction is expected to complete in Q3 this year, with apartments ready to move into this Spring.

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Bask to complete Bokarina’s Sunshine Coast lifestyle precinct as final apartments are released

Inner West Sydney

Sydney-based developer Heworth has lodged amendments to its approved development application of the former Balmain Leagues Club.&nbsp;

The group has improved the original design scheme for what will be Rozelle Village, with changes to the retail plaza and apartment designs.&nbsp;

Set to enhance the local retail precinct and provide a new community hub, apartment numbers have been reduced from 167 to 146, with a change in apartment mix also, increasing the number of two and three-bedders to suit the current market.&nbsp;

<img alt="Render of the proposed Rozelle Place" data-entity-type="file" data-entity-uuid="1313b901-e402-4394-ac1f-e192c3287d46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SC_ROZELLE_VIEW01_Final_Rev02_Edit-1.0-.jpg?VersionId=_bJf1vsPMNi7JS2gV7eRn1CV1fCEFtrW" />Render of the proposed Rozelle Place. Image supplied

Located on a prominent corner site, interjecting with Victoria Road, Darling and Waterloo Streets, the residences will be connected above a shared retail and commercial podium, which will include a new, state of the art, Wests Ashfield Leagues Club, which amalgamated with the former Balmain Tigers Leagues Club.&nbsp;

Rozelle Village’s retail precinct will also be anchored by a major supermarket, providing greatly increased convenience to the local area.

Heworth engaged architecture practice Scott Carver to improve the overall design scheme, with Head of Property Chris Walsh saying the amendments will benefit the local community, as well as its future residents.&nbsp;

“A key focus of our development is a new Town Square, public plaza and major retail and hospitality podium connected by a series of laneways. It’s going to significantly contribute to Rozelle and become a major community meeting place and destination,” Walsh said.

“We are also seeking to change the apartment mix, increasing the number of two and three bedroom apartments as we feel the larger size floor plates and premium interior architecture, fixtures and fittings, will appeal to discerning local owner-occupiers, particularly downsizers.”

<img alt="Render of the proposed Rozelle Place" data-entity-type="file" data-entity-uuid="2522323d-1ff5-40f6-a39e-54649dea5dde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SC_ROZELLE_VIEW03_Final_Rev02_Edit-1.0-.jpg?VersionId=DkYx8wRZn6EsNyRnPG.BCgH6LnOgSkUP" />Render of the proposed Rozelle Place. Image supplied

Construction is planned to commence in mid-2023 with completion due by 2025. It’s anticipated the apartments will be selling off the plan in 2023, with CBRE marketing them. An on-site sales office will include a display apartment and full detail on the retail offering.&nbsp;

Wests Ashfield, CEO, Simon Cook said the Club was excited that plans had progressed on the redevelopment of the site and he was pleased the amendments by Heworth sought to improve the current design scheme. 
&nbsp; 
“The redevelopment of the former Balmain Leagues Club has been years in the making. It’s highly anticipated by the Club members and they are very much looking forward to the delivery of a new state of the art facility,” Cook said.&nbsp;

Developer, Heworth submits amendments to approved DA reducing apartments supported by a major new Town Square, public plaza and retail precinct



alisonwarters@gmail.com

Balmain Leagues Club set for redevelopment

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The inner west region of Sydney comprises a vast range of property types, from older character dwellings through to modern apartment buildings, according to the latest Herron Todd White residential report.
The valuation firm took a look at whether HomeBuilder and other stimulus has bolstered the demand for vacant land and new builds in markets around Australia.
Many of the older dwellings have some level of heritage overlay under local planning regulations. These regulations are generally not too restrictive and mostly relate to maintaining the façade of the property to keep it in line with the heritage style of the area.
Due to this, the majority of renovation work is either internal or extending the property to the rear or a first floor, the report noted.
"We have recently noticed an increase in requests for valuations for the purpose of applying for the New South Wales Home Builder Grant.
"As per information from Revenue NSW, a valuation is required to show the value of the property (house and land) in the three months before commencement of renovation," the valuation firm said.
A recent example of this was an enquiry on an older style terrace house in Enmore, the report noted.
The property was purchased in 2014 for approximately $1 million and the owner of the property required a valuation to determine whether the current value (prior to renovation) would be less than or equal to $1.5 million in order to meet the eligibility requirements for the New South Wales Home Builder Grant.
"Notwithstanding wider economic conditions and the COVID-19 pandemic, we anticipate that this trend of renovating single dwellings will continue throughout the remainder of 2020 and into 2021," the valuation firm said.
The report suggests some of the key elements that may might drive the renovation demand include: relatively cheaper building rates than in recent years; record low interest rates; government stimulus packages; tax incentives (in some situations); and the continued preference to renovate the home rather than upgrade or downsize in these unprecedented times.
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Urban.com.au has<a href="/developments/enmore-nsw-2350"> 20 new property developments in Enmore </a>among the many developments in inner west Sydney are under way. 
Buyers need to make sure they and the property they are purchasing are eligible for the HomeBuilder Grant. 
<a href="https://treasury.gov.au/sites/default/files/2020-08/HomeBuilder_Frequently_asked_questions.pdf" target="_blank">These are the rules for the Homebuilder Grant. </a>
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j.ballantyne1990-6AQqhLzZaK

Inner west Sydney renovation trends for single dwellings continues: HTW residential 

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The past decade of strong capital growth has resulted in properties in Inner West Sydney with large land allotments experiencing greatly declining yields, according to a recent Herron Todd White (HTW) residential report. 
This applies in particular to properties with poor improvements where the value is predominantly underpinned by the land content.
The valuation firm took a look at the rental yields across the country to dissect where to find the best returns in residential markets. 
"Investors in suburbs where this is the case typically rely on capital growth as an investment strategy, rather than the yield they are likely to receive," the valuation firm said. 
Taking the suburb of Drummoyne, if yields are of utmost importance, the unit sector is predominantly a better investment, with close proximity to infrastructure along with all the other usual drivers of yield in this sector.
Drummoyne land values have risen dramatically over recent years, with consequently decreasing yields, so investors either have to accept this or get creative. 
This creativity has been in the form of utilising the current improvements to increase the rental income received.
According to the HTW report, a great example of this was a property recently advertised in Drummoyne.
The land area was 920 square metres and the residence was an original circa 1920 bungalow in average overall condition.
The main dwelling was accessed at street level, providing three-bedroom plus one-bathroom accommodation and appreciating restricted water views, currently renting for $750 per week.
A second area of occupancy had been built below the main dwelling and accessed from a separate entry via the side pathway, comprising a modern three-bedroom plus one-bathroom accommodation, currently renting for $550 per week.
At the rear of the property was a circa 1970 high clearance garage, accessed via the rear lane.
This garage had been converted into a large two-bedroom plus one-bathroom modern flat, appreciating water views and a single off-street car space, renting for $700 per week.
Although there was some cost in the capital improvement of the property, the utilisation of separate areas of occupancy has significantly increased the rental income.
The current passing rent for the combined occupancies is $2,000 per week, equating to a yield of 4.6% (the value of the property is approximately $2.25 million).
"This yield may not set any investment records, but it is a dramatic improvement on what other properties are yielding in the area, relying on a single occupancy rental income," the valuation firm said. 
"It allows investors to reduce their holding costs for such a property, while waiting for capital appreciation, or alternatively while Development Approvals are sought for future development."
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Inner West Sydney properties with large land allotments experience declining yields: HTW residential 

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After almost 11 years at BresicWhitney, Matthew Carvahlo has joined Ray White in the inner west.
Matthew Carvalho (pictured) has just joined Ray White Erskineville|Surry Hills &amp; Alexandria as an associate director.
The decision was made just before Christmas.
<a href="/news/nic-krasnostein-recruited-by-ray-white-double-bay-from-bresicwhitney">Nic Krasnostein</a>, one of the leading agents in Sydney’s east and inner-city precincts, quit BresicWhitney too over the break, recruited by Ray White Double Bay.
Krasnostein had been at BresicWhitney since January 2007, so just short of 12 years. 
Carvalho has the ambition of expanding their existing business to Glebe.
“I know the inner west like the back of my hand and my main areas of have always been Glebe, Pyrmont, Camperdown and Forest Lodge,” Mr Carvalho said.
“I have been friends with Ercan Ersan for many years and I have always clicked with he and Shaun Stoker.
"We are keen to grow our footprint onto the other side of Parramatta Road to cover the inner city fringe in yellow."
Ersan said Carvalho had joined their team to complete their "Golden Triangle”.
“We see Matthew as the missing link in our business. Shaun and I have a great hold on the Erskineville and Enmore area while Matthew services Glebe, Forest Lodge and Camperdown area so well. For us that’s the Golden Triangle,” they said.
Carvalho is the son of a veteran estate agent, Don.
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jchancellor-FAypfDUnLy

Ray White signs on Matthew Carvalho for inner west expansion

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Mark Bowis has quit The Agency to join Cobden Hayson.
Bowis is an inner west specialist having spent 15 year mostly on the Balmain peninsula.
He spent just one year at The Agency office led by Shad Hassen. 
Before that he was at McGrath for six years and eights years from 2004 at Sarah Lorden Real Estate, which was <a href="/news/balmains-sarah-lorden-real-estate-joins-mcgrath">merged into McGrath in 2012</a>.
His past clients include the chief of Perpetual Fund Management Geoff Lloyd who sold his Louisa Road, Birchgrove waterfront home for $3.3 million.  
In 2015 he sold 27 O'Neill Street, Lilyfield at auction for $2,585,000, setting a suburb record for a house price in Lilyfield.
His sales include 5 Simmons Street, East Balmain at $6,560,000 in 2014.
His last sale at The Agency was when etiquette adviser Alexandra Frampton, director of A Manner of Style, and her husband Peter sold their two-bedroom, two-bathroom Balmain residence for $1,475,000. 
Cobden Hayson was founded in Balmain in 1995, and is now strategically positioned in key inner urban fringe locations around Sydney, with offices in Annandale, Drummoyne and more recently Surry Hills and Marrickville.
The Agency also lost its <a href="/news/tahnee-barnes-the-million-dollar-intern-quits-the-agency">star recruit Tahnee Barnes</a>.
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The Agency Inner West loses Mark Bowis to Cobden & Hayson Balmain 

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Ryde and the inner west were among the worst performing housing markets during the last financial year.
They were almost as bad as the seriously problematic Darwin market, CoreLogic suggest.
Nine of the ten worst performing capital city SA4 regions came from the surrounding areas of Sydney.
Click here <a href="https://www.propertyobserver.com.au/images/2018/7/2/regional-declines.jpg" target="_blank">to enlarge.</a>
<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/2018/7/2/regional-declines.jpg" alt="">
"With Sydney values falling over the past year, values have been dragged lower virtually throughout the entire city," CoreLogic's Tim Lawless said.
"In fact, the Central Coast is the only region of Sydney in which values haven't fallen over the past financial year."
Ryde, down 7.4 per cent and the Inner West, down 7.2 per cent were the weakest regions. Blacktown and the Inner South West dropped 6.5 per cent and 6 per cent respectively.
The slowing in price growth was seen in the offering at 17 Arnold Street, Ryde (top) that sold earlier this month.
The offering, a single storey brick home, <a href="https://www.realestate.com.au/sold/property-house-nsw-ryde-128234718" target="_blank">sold at $1,615,000</a>, having been initially listed with $1.6 million hopes in 2015, but failing to then sell after 55 years ownership.
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Ryde and Sydney's inner west see property value slump rivalling Darwin

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<div>Richard Stubley, director at executive search business management firm Conari Partners, and wife Kylie have sold Linnbrae, their Glebe home.</div>
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<div>The 1880s Victorian Italianate residence in the prestigious Toxteth Estate cost the couple $2.35 million in 2009.</div>
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<div>Set on 315 sqm, the restored and updated home has four bedrooms, three bathrooms and elegant formal rooms.</div>
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<div><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/2017/11/1/Glynn2.jpg" alt=""></div>
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<div>French doors open to a courtyard set in manicured gardens.</div>
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<div>The Agency's new recruit Michael Glynn was marketing the home with $4.5 million expectations.</div>
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<div>Stubley previously spent six years at KMPG Australia and Canada and co-founded executive search firm Hamilton Partners in 1995.</div>
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<div><a href="https://www.conaripartners.com/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en-GB&amp;q=https://www.conaripartners.com/&amp;source=gmail&amp;ust=1507875402206000&amp;usg=AFQjCNHYVj6IFOHyDCCZNEZ-TP_gIaL7Uw"> </a></div>
<div id="m_1555991695937971238AppleMailSignature"> </div>
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firstname1-iYD4UYzvBa

Linnbrae, Glebe snappily sold through The Agency's Michael Glynn

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Seven home owners in Sydney’s inner west suburb of Burwood are putting up their homes on the market later in October with the combined sale expected to fetch $40 million.
The <a href="https://www.domain.com.au/9-11-13-15-neich-parade-burwood-burwood-nsw-2134-2013510017" target="_blank">10-20 Neich Parade</a> site has a combined area of nearly 3,158.8 sqm.
Though the land is zoned R2 Low Density Residential, new proposals seeks to increase the building height limit to 32 metres as part of the new R3 Medium Density Residential zoning.
The plan is in line with the Parramatta Road Urban Transformation Strategy, which has developers honing in on new residential development opportunities.
This proposed zoning will allow for the construction of up 150 apartments subject to council approval.
The site is being sold through expressions of interest closing November 9.
The sale is being handled by Neil Cooke, Stuart Cox and Johnathon Broome of Savills Australia. 
It is understood that the seven homes combined are worth circa $17 million while as a development site, the land could fetch circa $40m. 
<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/2017/10/05/Burwood%20_site1.jpg" alt="">
This is in line with another neighbouring Burwood site in Esher Street which sold for in excess of $3,000 per square metre of proposed Gross Floor Area (GFA) that Savills also undertook earlier in the year, benefitting from the same development controls.
This Neich Parade parcel has three street frontages and can provide Sydney CBD views to the eastern elevation and Blue Mountains views to the western elevation, via a redevelopment of the site.
It is close to Burwood CBD and Parramatta Road.
“This site represents a unique opportunity to acquire a significant parcel of tightly held level land, benefitting from three street frontages with significant development upside (STCA), situated just minutes from Burwood’s best amenities,” said Neil Cooke.
“Not to mention that the finalised Parramatta Road Urban Transformation strategy released by Urban Growth will positively impact the eventual owners within a future potential development, including the introduction of at least 82,500sq m* of employment Gross Floor Area across a variety of uses and the redevelopment of Concord Hospital situated 3.5 kilometres* from the site”.
Any developer contributions under the strategy will go towards upgrading open space for residents, new and upgraded roads, a refreshed Burwood Park and Burwood Library, added Stuart Cox.
“More importantly, WestConnex will significantly reduce traffic along Parramatta Road, as thousands of daily road users use this as the preferred route to avoid as many as 52 traffic lights,” he said.
 
 
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jonathanchancellor-7SQnKwU6yx

Seven homeowners to put their sites on the market in Sydney's Burwood for $40 million

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Sydney's Inner West had the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 72 auctions in the Inner West 88.9% were successfully cleared.
This is followed by the North Sydney and Hornsby and Sutherland with 88.6% and the City and Inner South and Eastern Suburbs with 88%.
<a href="https://www.propertyobserver.com.au/images/2017/05/22/Screen%20Shot%202017-05-22%20at%2010.57.20%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/22/Screen%20Shot%202017-05-22%20at%2010.57.20%20am.jpg" alt="">
The South West region had the lowest auction clearance rate with only 46.2% of its 52 auctions cleared.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-burwood-125293794">15 Appian Way</a>, Burwood (above) was sold for $4.35 million.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-russell+lea-125315126">11 Rowley Road</a>, Russell Lea (below) was sold for $2.35 million.
<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/2017/05/22/11%20Rowley%20Road.jpg" alt="">
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Inner West Sydney scores 88% weekend auction clearance rate: CoreLogic

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The Inner West has continued to defy expectations with the market going from strength to strength across all suburbs, according to Herron Todd White’s latest report.
The property valuation firm says that auction results continue to hover between 85% and 90% with the continued lack of stock now being the main driver.
"The strongest growth has been for houses in the $2 million to $4 million price bracket and although growth has slowed for units, the $1 million to $1.5 million price bracket has been the strongest.
The suburb of Rozelle has seen some of the strongest growth across the inner west with a 2016 median house price of $1.577 million, up 13.5% from 2015 (source: PriceFinder)," the report advised.
Rozelle has always been a highly sought after suburb and demand is driven by proximity to the CBD, excellent bus services and the café culture.
"Rozelle comprises a mixture of property styles, with period style homes traditionally in the highest demand.
As with many period style homes in the inner western suburbs, high quality renovations and well-designed extensions tend to achieve premium prices.
An example of this is <a href="https://www.realestate.com.au/sold/property-house-nsw-rozelle-124483558" target="_blank">202 Evans Street</a>, Rozelle (above) which sold on 10 February 2017 for $3 million.
This circa 1900s property is situated on a 251 square metre allotment and has been renovated and extended, comprising 4-bedroom, 2-bathroom accommodation with a single lock-up garage," the report stated.
The main demand for this price point in Rozelle is from the owner-occupier market rather than the investor, as owner-occupiers see greater opportunity with dated or dilapidated properties in need of renovation.
“Although we expect houses in Rozelle to see continued growth, we predict it to be more subdued than the previous three years,” the report stated.
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