One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

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[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

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.
<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/Kir3.jpg" alt="">
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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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).
<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/2018/6/18/kirrib.jpg" alt="">
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>
<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/2018/6/18/cap-june18.jpg" alt="">
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.
<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/2018/6/18/crem.jpg" alt="">
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.
<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/2018/6/18/siddle.jpg" alt="">
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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).
<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/2018/6/18/warne.jpg" alt="">
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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<table style="width: 605px;" border="0" cellspacing="0" cellpadding="0"><tbody>
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<td>
<h2>Auction highlights this week</h2>
</td>
<td>Saturday, 16 June 2018 </td>
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<tr>
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<table style="width: 567px; height: 343px;" border="0" cellspacing="0" cellpadding="5">
<thead><tr>
<th>City </th>
<th colspan="2">Location </th>
<th>Value Sold </th>
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<tbody>
<tr>
<td colspan="2">
Most expensive
</td>
<td colspan="2"> </td>
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<tr id="x_rpMostExpensive_trMostExpensiveRow_0">
<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>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_1">
<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>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_2">
<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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<tr id="x_rpMostExpensive_trMostExpensiveRow_3">
<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>
</tr>
<tr id="x_rpMostExpensive_trMostExpensiveRow_4">
<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>
</tr>
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<td colspan="2">
Most affordable
</td>
<td colspan="2"> </td>
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<tr id="x_rpMostAffordable_trMostAffordableRow_0">
<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>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_1">
<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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<tr id="x_rpMostAffordable_trMostAffordableRow_2">
<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>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_3">
<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>
</tr>
<tr id="x_rpMostAffordable_trMostAffordableRow_4">
<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>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody></table>
 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.
<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/2018/3/9/QUINN.jpg" alt="">
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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