Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362016]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

[smartcode_project:default project_id=136726 project_image_fid=362011]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Joel Robinson

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/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/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

The Minns Labor Government is today unveiling a game-changing new precinct at Bays West – delivering up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes - directly above the new Bays West Metro Station currently under construction.

The landmark transformation will convert underutilised government-owned port land on the Harbour into Sydney’s newest suburb, while retaining important deep-water port facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

<img alt="Bays West" data-entity-type="file" data-entity-uuid="c5f01d10-0b6b-49de-8033-d3ef2728cb6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.12%E2%80%AFPM.png?VersionId=UA6_r._1jYROJ5tFNXMHqjNYLKYWIN.Y" />

Affordable housing will be embedded from the outset, including dedicated homes for essential workers such as nurses, teachers, paramedics, firefighters and police so they can live closer to the communities they serve.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

Night-time entertainment and creative industries will be anchored by the revitalisation of the historic White Bay Power Station as a cultural and community destination, connected to the harbour across a new expansive public forecourt.

Planning of the area will prioritise connectivity, including active transport links to neighbouring communities such as Rozelle, Balmain and Glebe, improved pedestrian access to the waterfront, and connections to the CBD, including an active transport link across the Glebe Island Bridge.

The Government will lead a master planning process that will include an international design competition to guide development across the precinct, ensuring homes, essential infrastructure, jobs, public spaces and transport links are delivered together.

It will be led by a new delivery agency to be established over the coming weeks, which will report to Minister Kamper who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo. Once established, the publicly owned land in the precinct will be transferred to the new agency.

This is the first new suburb that has been built in inner Sydney in decades, it will see homes built alongside the Bays West Metro Station ensuring young people, families and downsizers are only minutes away from the CBD. As part of the transformation of the Bays West precinct, bulk port operations – including cement, gypsum and sugar handling – will cease on Glebe Island by no later than 2030.

<img alt="Glebe" data-entity-type="file" data-entity-uuid="46ef3c23-2ce1-4912-b8ba-5247de19d7b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.02.15%E2%80%AFPM.png?VersionId=I5xKa7hLNlsueMsltA2dsYrRYtZCKvZz" />

The Government will work closely with industry to minimise impacts and ensure the continuity of supply. This includes a commitment of $270 million to improve road connections around the port at Port Kembla and to investigate increased rail freight capacity.

Working harbour operations across the precinct will be consolidated, mostly into White Bay, ensuring the precinct will continue to provide critical services for the harbour, including boat maintenance and marine construction and as a base for tug boats and for emergency services.

A new staging area will be established in White Bay, securing the future of the New Year’s Eve fireworks, Vivid and other major events for decades to come.

<img alt="Glebe island" data-entity-type="file" data-entity-uuid="0554b153-b225-445b-a633-75aecea7dec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.17%E2%80%AFPM.png?VersionId=P45ABy8KLuwjzVf04APWfeC4aOMA1Ngx" />

The cruise terminal will be retained in its current location, meaning tourists arriving in Sydney will be welcomed by the new precinct, with new shore-power facilities currently being installed that will reduce noise and emissions. The Sydney Heritage Fleet will also be offered new premises in White Bay.

Deep-water berths will be retained to preserve Sydney Harbour’s strategic operational capability, and the removal of the existing 1970s industrial silos, currently used as a billboard, as well as to store cement and sugar, will unlock new opportunities for public space and future housing.

“Right above a new metro station and minutes from the CBD, we’re delivering thousands of homes where people actually need them - close to work, close to services and close to transport,"&nbsp;Premier of New South Wales Chris Minns said.

“Importantly, this precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

“We understand that not everyone will welcome change, but cities don’t stand still. If Sydney is going to remain a place young people and families can afford to live in, we have to use well-located land better and plan for the future.”

Glebe Island to accomodate 8,500 new homes near new Bays Metro Station

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> has unveiled its exclusive penthouse collection at&nbsp;<a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a>, its new apartment development in Palm Beach.

There are just four penthouses as part of the collection, however only three remain for sale, with a Palm Beach local already snapping up one of the apartments prior to its launch.

&nbsp;

“We are thrilled to unveil the debut penthouses within the Flourish story,” said Christie Leet, founder of Sherpa Group.

“The penthouses epitomise unparalleled luxury and contemporary elegance, offering an exclusive experience in modern living.”

[smartcode_project:default project_id=146527 project_image_fid=362273]

Located at 6-12 Sixth Avenue, the penthouses will crown Amargo, which will rise 18 levels and offer a diverse product mix of one, two, and three-bedroom apartments, attracting a wide demographic of buyers.&nbsp;

“Creating a multigenerational community is core for us at Sherpa," Leet added.

"Amargo embodies this ethos, welcoming first-home buyers, families and right-sizers alike – ensuring everyone has the opportunity to thrive.”

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=362271]

The penthouses, which range in price from just over $3 million to $4.6 million, each have three bedrooms, three bathrooms, and extensive balconies. Select penthouses will have&nbsp;dedicated media rooms. They have four-metre-high ceilings, Gaggenau appliances, and natural stone materials.

Flourish is crowned by an&nbsp;800 sqm rooftop retreat with a&nbsp;pool, pool deck cabanas and day beds, private outdoor barbecues and pizza oven, an internal private dining space, as well as a gym, yoga zones, steam rooms, and hot and cold magnesium pools.

&nbsp;

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[smartcode_project:default project_id=146527 project_image_fid=306037]

“We’re really excited about what we’re delivering here- Flourish is more than just apartments; it’s about creating a place where people feel truly at home,” Leet said.

Construction is already well underway on Amargo, with residents expected to move in by Q2 2027. The project is around 85 per cent sold.

[smartcode_project_cta:default project_id=146527]

A first look inside Flourish penthouse collection at Palm Beach

Builder-developer Urban Property Group (UPG) is continuing to expand into new markets. UPG is heading to the Hills District, where it is planning a 40-storey mixed use building near Castle Hill Metro Station.

They've gone down the favoured developer route of a State Significant Development Application, which should see developments approved within the space of nine months.

The tower will comprise 371 apartments, 42 of which will be affordable housing, above a ground-floor retail precinct at 16-20 Old Castle Hill Road, on the corner of Garthowen Crescent and within walking distance of Castle Hill Metro Station, an area identified for higher density under both local and state strategic planning frameworks.

Designed by <a href="https://www.apartments.com.au/architects/studiosc">Studio SC</a>, the tower would rise from a brick podium base, accommodating one retail tenancy and communal open space, before transitioning to a slender glazed residential form above. Six basement levels are proposed beneath the building to house parking and services.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="08dc82f9-b826-4e18-8c60-4c90f7472317" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28b%29%20-%20Ground%20level%20render.jpg?VersionId=EOv1ly45k_Bc1F73C0hdwXSG4FVSTETt" />

“Castle Hill is undergoing a significant transformation, evolving from a traditionally low-rise suburban centre into a true metropolitan destination anchored by the Sydney Metro Northwest," the Architectural Design Report prepared by Studio SC noted.

The majority of apartments (194) will be two-bedrooms. 90 one-bedroom apartments are planned, 83 three-beds, and four four-bedroom apartments.

Studio SC’s design adopts a podium-and-tower composition, with warm-toned masonry at the lower levels intended to anchor the building within its streetscape context.

"At the podium, the architecture is anchored through solid brickwork in warm, earthy tones, reflecting the local sandstone formations and the natural colour palette of the surrounding hills," Studio SC added.

Above, the tower transitions to a lighter glass expression, articulated with fins and tonal variation to reduce visual bulk and respond to changing light conditions.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="f13cb2ee-ebfc-4204-9aba-e2dbd9e5d4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28a%29%20-%20Pool%20view.jpg?VersionId=Dnpusa.b5d6Nkx2clPlzWosDdh_1QW2V" />

Urban Property Group is one of Sydney's most active developers. They have projects currently under construction in Little Bay, Penrith, and Macquarie Park, with future projects earmarked for Wollongong.

Castle Hill has been one of the most popular suburbs for development across Sydney in the last five years, as developers scramble for land around the newly extended Sydney Metro.&nbsp;

Kassis Homes kicked it all off with Grand Reve, along with Deicorp who has delivered over 1,000 apartments in the area and continues to develop. The likes of Dubai-backed developer Arada will take to market their project in the coming months, while Masscon has just launched Avenue on Cadman Crescent.

First Look: Urban Property Group unveils 40-storey mixed-use tower in Castle Hill

Kirribilli

Award-winning, sustainable developer Stable Properties is set to take on a rare new development in&nbsp;one of Sydney’s most prestigious enclaves.

Stable, led by founding directors&nbsp;Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to&nbsp;restore and redefine existing buildings and heritage properties.&nbsp;

Finalists in the Property Council of Australia’s Awards for Best Heritage Development, are seeking to recycle&nbsp;a dated mid-century red-brick building in the exclusive suburb of Kirribilli.&nbsp;

<a data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" href="/new-apartments/waruda-kirribilli-20-22-waruda-street-kirribilli-nsw-2061"><img alt="Render of the Kirribilli development " data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.37.27%20pm_0.png?VersionId=ezYClbqMXYNWeKKqOpGHwegV5EmoxJi_" /></a>Render of the Kirribilli development on Waruda St.

Taking up a prime corner site at 20 Waruda Street, the project will look to keep in with the surrounding 20th Century Art-Deco architecture, with the current building kept intact, restored to provide a modern facade, along with additional and extended floorspace.&nbsp;

Designed by Nettleton Tribe, a clearly defined two-storey base forms a podium which integrates the steep sloping topography of the site, along with defining the public domain and improving the streetscape character.&nbsp;

Seven whole-floor, three-bedroom apartments will be delivered across the project, with each residence generously proportioned, spanning 233 sqm.&nbsp;

Each of the apartments will feature solar panels, battery storage and EV chargers, making it one of the first sustainable high-density development, with next generation smart technologies set to be included as well.&nbsp;

Oriented and designed to maximise on the sweeping southern views, each residence will extend to expansive balconies which take in the Sydney Harbour, The Opera House, the Sydney CBD and the Harbour Bridge.

“This size of apartments, together with their quality and sustainable characteristics, is rare and as a result, will add further to the product diversity in this precinct, supporting identified demand,” Nettleton Tribe said in their application plans.&nbsp;

<a data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" href="/new-apartments/waruda-kirribilli-20-22-waruda-street-kirribilli-nsw-2061"><img alt="Render of the Kirribilli development on Waruda St with views to Sydney Harbour" data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.38.02%20pm.png?VersionId=6JoptRSu7MVN37727qVvKSz9Hr8idYB5" /></a>Render of the Kirribilli development on Waruda St with views to Sydney Harbour.

“Demand for large three-bedroom-plus apartments, to replace impressive family homes, particularly from the Upper North Shore, is growing and market availability is rare and limited.”

“These apartments will fill this gap and add to apartment diversity within the immediate area.”

The proposed architectural language, being conscious of the sensitivities within the Heritage Conservation Area of Kirribilli, is contemporary with an emphasis on simple expression of forms and materials.

A layering of elements add texture and visual interest to the facade, while a considered palette creates a juxtaposition to the adjacent buildings.&nbsp;

Previously Stable developed The Burcham in Rosebery, the regeneration of the old Wrigley’s factory.

[smartcode_project_cta:default project_id=136999]

Stable, led by founding directors Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to restore and redefine existing buildings and heritage properties

alisonwarters@gmail.com

First look: Stable Properties lodge plans for new Kirribilli apartments

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Art collector Lisa Paulsen and her husband, retired shipping executive Egil Paulsen, have listed their waterfront Kirribilli apartment.
The have expectations of an $11.5 million record for the three-bedroom apartment set in a block of six.
The north-facing waterfront apartment with boat facilities on Elamang Avenue apartment cost $5.5 million in 2014.
David Gillan, of Ray White, has scheduled a December 3 auction.
Kirribilli’s apartment record is $10,796,400 for an apartment bought by PNG expat Ingrid Richardson, an associate of former PNG prime minister Peter O’Neill, two years ago.
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Art collector Lisa Paulsen lists Kirribilli luxury apartment

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The Kirribilli apartment of the MAFS star Cameron Merchant, was sold post-auction earlier this month. 
The one bedroom had been passed in at $875,000 at its lacklustre June auction.
Merchant, who is still with his now-pregnant wife from the Channel Nine show Jules Robinson, got just the two bids.
Jordan Black and Nigel Mukhi, from DiJones Chatswood, had the listing.
Their discussions appeared serious as he stared down the prospect of a serious loss on his investment.
Negotiations continued for 80 minutes after the auction.
The pair married properly after the 2018 series concluded.
Merchant bought the property for $941,000 in 2017, before he took part in the Channel Nine experimental show.
At the time he was working for cricket bat brand Spartan and was playing first grade cricket for Manly.
He was expecting to make a loss on the one bedroom Fitzroy Street unit, with around $900,000 being sought in its pre-auction price guidance. 
The mildly art deco Nottingham block has 12 units with its last one bedroom sale last December at $900,000.
The pair are said to be looking to upsize together.
Merchant also owns an investment apartment in Dee Why he bought for $720,000 in 2014.
This article was first published in the Sunday Telegraph. 
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Married at First Sight's Cameron Merchant sells Kirribilli apartment

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His heart has long been at Collaroy Beach but increasingly it appears Sea Eagles coach Des Hasler’s head is in Kirribilli.

The NRL legend, who played more than 300 first grade games including two premiership wins, bought a two-bedroom Federation-style harbourfront apartment in Kirribilli for $3.1 million.

Agent chatter on the lower north shore cannot confirm if Hasler and his wife Christine will leave behind the northern beaches home they have lived in since 2014 to downsize in Kirribilli.

But one thing is certain, the harbourside suburb is an attractive investment for the footy coach.

[smartcode_project:default project_id=7317]

Hasler bought a five-bedroom Victorian terrace in prestigious Carabella St, Kirribilli in December 2014 for $5.01 million and flipped it 18 months later after a thorough renovation for $6.2 million.

His latest investment in Holbrook Ave is in the 1918 boutique block The Walder and features high ceilings, oak floorboards and a bay window overlooking the harbour across to the eastern suburbs.

But it is unlikely Hasler will leave behind his long-term home right on the sand at Collaroy Beach, a postcode he shares with fellow NRL legends Matty Johns and Greg “Brandy” Alexander, and which is nice and close to the Sea Eagles training grounds.

Hasler bought the beach house in 2014 for $2.82 million and built up a retaining wall, which has allowed the home to survive storms.

 

 
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<a href="https://www.belleproperty.com/listings/889101/319-holbrook-avenue-kirribilli-nsw-2061/#&amp;gid=1&amp;pid=12"> </a>
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Manly Sea Eagles coach Des Hasler buys Kirribilli unit

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A Kirribilli apartment has smashed the suburb record, selling for nearly $10.8 million.
The apartment, which sold quietly off-market recently, had been asking $8.5 million when it was marketed in 2015 (above and below). It sold for $10,796,400
Set in the Kirribilli Grande complex on the dress circle Kirribilli Avenue fronting the harbour, the apartment sits on the ground floor of the block of just eight.
<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/2018/12/17/Kir2.jpg" alt="">
It has uninterrupted views of the Opera House and Harbour Bridge in their entirety.
Built in the early 2000's, the apartment has three bedrooms, including a master with a walk in wardrobe, and two bathrooms.
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The open plan living area opens to a garden. 
It features a music and TV entertainment system, integrated inside and out. 
McGrath North Sydney agent Nigel Mukhi is credited with securing the sale which topped the previous high, set in the same building when a 250 sqm three bedder a few floors up sold for $8 million in 2016.
That sale only bettered the record a few months earlier, again in the Kirribilli Grande complex, when a similar size unit on the floor above sold for $7.65 million.
 
 
 
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jrobinson-rf4aSBido9

Kirribilli apartment smashes suburb record with $10.8 million sale

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The Edgewater, Kirribilli unit once owned by the late king of television variety, Graham 'Gra Gra' Kennedy has snappily sold for $3.35 million. 
The waterfront apartment block offering at 6/25 Waruda Street was sold by investor Elizabeth Stuart who was expecting $3 million.
It was 1984 when the television industry legend bought into the Waruda Street block. Kennedy, the six-time Gold Logie winner who died in 2005, sold in 1993 for $750,000.
It had been his Sydney bolthole after selling his Viret Street, Hunters Hill riverfront home for $820,000 in 1987 and then buying in the Southern Highlands at Canyonleigh.
At the time Kennedy dismissed reports of a departure from Sydney to his home town, Melbourne, one suggesting he was missing "the weddings and the restaurants."
"I think they might have meant I miss the wide streets," he told me.   
For a time the apartment block was celebrity city for ex-Melbournites as other owners included fellow television entertainer Daryl Somers and Peter Faiman.
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Edgewater, Kirribilli unit once owned by late king of television Graham Kennedy sold for $3.35 million. 

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Tiny offerings were popular at weekend auctions with big prices outlaid. 
A New York-style studio pad in St Kilda, with compact vogue styling, fetched $346,000.
The chic studio at <a id="x_mcntLPlnk990290" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-st+kilda-128431886" target="_blank" title="www.realestate.com.au">18/33 Grey Street </a>(top) had a $220,000 plus price guide with a $240,000 reserve.
The 46 sqm studio space has been a $290 a week rental.
It last sold at $140,000 in 2003.
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In Sydney a one-bedroom harbour front apartment in Kirribilli sold for $1,875,000 (below).
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Listed for the first time in more than 50 years, the 60 sqm apartment, with sunroom, last sold for about £8000.
The <a id="x_mcntLPlnk302195" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-apartment-nsw-kirribilli-128440198" target="_blank">2/11 Waruda Street offering</a> in The Venetian had a panorama encompassing the Harbour Bridge and Opera House.
There were 701 auctions held in Sydney returning a preliminary auction clearance rate of 55.8 per cent. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/18/cap-june18.jpg" target="_blank">to enlarge.</a>
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Sydney's highest sales included <a id="x_mcntLPlnk884472" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-cremorne-128387406" target="_blank" rel="noopener noreferrer">50 Ellalong Road, Cremorne</a> (below) which is reported to have sold for $4,125,000.  
The brick four bedroom 1930s Art Deco house on 720sqm has polished timber herringbone floors, high ceilings, large bay windows and ornate period lead light window.
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The highest preliminary clearance rate was recorded in Adelaide where 72.7 per cent of the 44 reported auctions were successful.
In Melbourne the Australian cricketer Peter Siddle sold his Parkville investment at weekend auction securing some $120,000 above his reserve.
The two-bedroom pad at <a id="x_mcntLPlnk291489" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-parkville-128413806" target="_blank" rel="noopener noreferrer">202/228 The Avenue</a> came on the market with its first bid of $900,000.
Bidding swept past the reserve, with the second floor offering knocked down at $1 million to one of the two downsizer bidders (below). It sold to an owner occupier in her 50s.
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Siddle had lived in Arcadia, the Fender Katsalidis-designed apartment set on the fringe of the Royal Park Golf Course for four or five years after purchasing it in December 2008.
“We were training at the MCG back then," the bowler told the Sunday Herald Sun.
"The access to the airport and with all the parks around it’s a nice area to be in,” he said.
The Parkville apartment last sold for $575,000 in late 2008, reflecting six percent annual price growth. It features two bedrooms, two bathrooms and a large open-plan layout that flows to a balcony overlooking parkland.
The agent Lou Rendina had been quoting $800,000 to $880,000 for the flat that had been last available to rent when advertised at $560 a week in 2013.
Siddle and wife Anna Weatherlake are currently building in bayside Black Rock.
In nearby Hampton, the childhood home of Shane Warne was passed in at auction when offered for the second time in less than 18 months (below).
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The auction only saw vendor bids that topped out at $1.45 million for the three-bedroom house at <a id="x_mcntLPlnk29603" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/229-thomas-street-hampton-vic/property-details-buy-residential-11870149/" target="_blank" rel="noopener noreferrer">229 Thomas Street, Hampton</a>.
The bungalow was bought as an investment for $1.55 million after it passed in at April auction last year. It has been rented since at $1000 a week. 
Nick Johnstone agent Alan McGillivray said an offer matching the vendor bid had been received, but no sale had yet been achieved.
Its price guidance was $1,350,000 to $1,485,000.
It’s where the spin king spent his first years before relocating with parents Keith and Brigitte in 1976, aged seven.
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Melbourne was the busiest city for auctions, with 988 homes going under the hammer, returning a preliminary clearance rate of 58.7 per cent.
Kevin Brogan, the CoreLogic auction analyst noted over the same week last year, there were 1,129 auctions held in Melbourne, returning a clearance rate of 71 per cent.
National auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend.
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The preliminary national clearance rate was 56.9 per cent this week. 
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<h2>Auction highlights this week</h2>
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<td>Saturday, 16 June 2018 </td>
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<th>Value Sold </th>
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Most expensive
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<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">36 Windsor St, Paddington NSW 2021, 4 br House, PPD</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,280,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">42 Mayston St, Hawthorn East VIC 3123, 4 br House, Marshall White Boroondara</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$3,200,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">10 Elderslie Av, Fitzroy SA 5082, 5 br House, Klemich Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,426,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">282 Kent St, Teneriffe QLD 4005, 4 br House, Ray White Rural</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$2,125,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">7A Elder St, Braddon ACT 2612, 4 br House, LJH Dickson</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,450,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">11/56-58 Warialda St, Kogarah NSW 2217, 1 br Unit, ELD</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$490,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">907/18 Mt Alexander Rd, Travancore VIC 3032, 2 br Unit, Pagan</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$292,500</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">82A Clairville Rd, Campbelltown SA 5074, 3 br House, BP Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$356,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">8 Margaret St, Rochedale South QLD 4123, 3 br House, R&amp;H</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$440,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">2 Dallachy Pl, Page ACT 2614, 2 br House, RW Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$425,000</td>
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 SOURCE DOMAIN
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j.ballantyne1990-6AQqhLzZaK

Tiny spaces getting big prices at weekend auction

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The images of Prime Minister Malcolm Turnbull and the French President Emmanuel Macron looked fantastique last week on the lawn at Kirribilli House.
But are taxpayers getting value for money, when these days the home is used principably for dinners and press conferences?
With views of the Harbour Bridge and Opera House, both Kirribilli House and the neighbouring Admiralty House, there for the Governor-General's pleasure, rank among the city's most prestigious real estate. 
The Gothic Revival residence has been the Prime Minister's Sydney home since the 1930s, but I'd suggest Treasurer Scott Morrison's budget tonight ought signal one or maybe both homes should be sold. Let them just entertain in Canberra at The Lodge and Government House.
It was last flagged in 2004 when the then Federal Opposition leader Mark Latham foreshadowed that he would sell the harbourside mansion.
John and Janette Howard stayed put.
At the time it elicited speculation it could fetch around $50 million which would be handy revenue, but more importantly send a stocktaking message.
Even had Malcolm and Lucy opted to downsize from their Point Piper harbour front, the question still needs to be asked.
While it might not go down well with those who politicians who like icons, the Federal Government should not be Sydney-centric.
This article first appeared in The Sunday Telegraph. 
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jchancellor-FAypfDUnLy

Icon homes ought be considered for government selloff at Kirribilli 

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The former Stockland boss Matthew Quinn and wife Julie have snappily sold their renovated Kirribilli terrace for $3.45 million.
It's a <a href="https://www.realestate.com.au/sold/property-house-nsw-kirribilli-127738714" target="_blank">quick flip for the couple</a>, who only paid $2.6 million in late 2016.
McGrath Neutral Bay agent Nigel Mukhi had a guide of $2.9 million. After 90 groups went through and it sold to downsizers from Pymble.
The Quinn's are also selling their Berry weekender, an 1880s country weatherboard, which has been restored by the couple who paid $710,000 four years ago.
They're set to upgrade and base themselves in the South Coast village.
Quinn stepped down from Stockland Group in 2012.
This article was first published in the Saturday Daily Telegraph.
 
 
 
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Former Stockland boss' windfall Kirribilli flip

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Former Stockland boss Matthew Quinn and wife Julie are on the move again in Kirribilli.
They've listed<a href="https://www.realestate.com.au/property-house-nsw-kirribilli-127738714" target="_blank"> the luxury terrace</a> bought just 14 months ago, deciding they will likely spend most of their time at Gladys, their 1880s Berry cottage which cost $710,000 in 2014.
The two bedroom, two bathroom apartment cost $2,602,000 having had a guide of $2.45 million.
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It's now back up for sale through McGrath Neutral Bay agents Nigel Mukhi and Jordan Black.
Quinn and wife Julie were downsizing at the time, selling their nearby four level waterfront for $7.2 million.
Quinn retired from Stockland Group in 2012 as one of the longest-serving chief executives in the property sector.
This article was first published in the Saturday Daily Telegraph.
 
 
 
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