Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

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Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

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While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

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The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Joel Robinson

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

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The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

A rooftop pool and spa overlooking the Brisbane CBD, private dining spaces, expansive landscaped gardens and a residents' lounge are set to crown <a href="https://www.apartments.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end-qld-4101">Callista on Park</a>, the final residential building within Brisbane's West Village precinct.

The rooftop amenity collection has been designed as an extension of the lifestyle already established throughout West Village, providing residents with a series of indoor and outdoor spaces that capitalise on the building's elevated position above West End.

A swimming pool and heated spa form the centrepiece of the rooftop offering, surrounded by landscaped gardens developed through a collaboration between developer Sekisui House and ASPECT Studios. The design incorporates expansive lawn areas surrounded by English garden-inspired planting.

[smartcode_project:default project_id=134800 project_image_fid=370648]

Residents will also have access to two barbecue and outdoor dining areas positioned to take advantage of views across Brisbane's skyline, neighbouring Mollison Park, and the surrounding inner-city landscape.

For larger gatherings, the rooftop includes a private dining room centred around a substantial stone island bench, complete with a full kitchen and a 10-seat dining table set beneath four-metre-high ceilings. The space has been designed to overlook both the rooftop gardens and the Brisbane CBD skyline.

A separate residents' lounge provides an additional indoor retreat connected to the broader rooftop amenity offering, creating another space for residents to work, relax or entertain guests.

[smartcode_project:default project_id=134800 project_image_fid=370647]

The attention to detail extends beyond the rooftop.

Upon arrival, residents will enter through a lobby featuring a bespoke ceiling light installation developed in collaboration between Sekisui House and Alcorn Middleton Architecture. The arrival experience is complemented by private resident mailboxes and carefully considered interior finishes designed to reflect the premium positioning of the building.

[smartcode_project:default project_id=134800 project_image_fid=372541]

The amenity offering forms part of Callista on Park, the final residential release within the decade-long transformation of the former Peters Ice Cream Factory site into West Village, one of Brisbane's most established mixed-use communities.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and being delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, Callista represents the most premium residential offering within the masterplanned precinct.

Construction is now entering its final stages, with scaffolding beginning to come down and completion expected in the first quarter of 2027.

Prices for the three-bedroom plus MPR apartments start from just over $2.6 million.

[smartcode_project:default project_id=134800 project_image_fid=351535]

Callista will mark the final opportunity to purchase within West Village, where residents have direct access to more than 35 retail, dining, wellness and medical operators including Harris Farm Markets, Woolworths, Function Well and Goodlife Health Clubs, Metro Arts, and a growing collection of restaurants and cafés.

Located just 800 metres from the Brisbane CBD, the precinct also places residents within walking distance of South Bank, West End's dining scene, riverfront parklands and major public transport connections.

For Sekisui House, which has delivered more than two million homes globally, Callista serves as the concluding piece of the West Village masterplan, bringing together the precinct's heritage character, parkland setting and emphasis on walkability in a final collection of larger-format residences.

[smartcode_project_cta:default project_id=134800]

Rooftop pool, private dining and skyline gardens to crown West Village's final apartment release, Callista on Park

<a href="https://www.apartments.com.au/developments/wahroonga-nsw-2076">Wahroonga</a>’s enduring appeal has long been tied to its balance of bushland, established amenity, and access to some of Sydney’s most respected education and healthcare institutions.

Along Fox Valley Road, that combination is becoming increasingly sought after by buyers looking to remain connected to the Upper North Shore lifestyle while prioritising walkability, wellbeing, and convenience.

Developer Capital Corporation's initial vision of a 62-hectare site on Fox Valley Road was that they could create their own walkable community, bordered by&nbsp;more than 25 hectares of bushland and adjoining Coups Creek.

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="b84917a1-0d75-49b9-888c-ddf7ebfd6692" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEW2026_Wahroonga_Walkway.gif?VersionId=Gk3_xi5ssYfalmwuQQ5umQakddceC31j" />

<a href="https://www.apartments.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a> draws directly on the area’s natural landscape, with walking trails and green corridors linking into sections of Lane Cove National Park. The surrounding network of bushwalks, cycling tracks, and reserves reinforces the suburb’s long-standing reputation as one of Sydney’s most nature-oriented residential pockets, while still maintaining close ties to village retail and transport infrastructure.

The address places residents within minutes of Wahroonga and Turramurra villages, where cafés, local grocers, boutiques, and everyday services support a highly localised lifestyle. Popular nearby venues including The Fox Café and Breeze Valley Café provide easy options for morning coffee or casual dining, while longstanding retailers such as IGA Wahroonga Fresh and Novella Fine Books continue to anchor the area’s village character.

&nbsp;

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="c4a950f7-4f05-4370-b360-b106359788e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2026_Wahroonga_Entry_Gates.gif?VersionId=7n5kh9ymu.azYEYDemJkPgiIAfSw44oj" />

Healthcare access remains one of the defining locational advantages of the estate. Sydney Adventist Hospital, known locally as The San, sits directly adjacent and is one of the largest and most respected private hospitals in New South Wales. The hospital precinct incorporates specialist medical services, radiology, physiotherapy, and outpatient care, contributing to growing buyer demand from downsizers and owner-occupiers seeking long-term convenience and peace of mind.

Research commissioned by Capital Corporation found that health and wellbeing considerations are increasingly influencing downsizing decisions, particularly among buyers wanting to remain within familiar neighbourhoods while accessing medical infrastructure more easily.

Education has also historically underpinned demand across Wahroonga and the broader Upper North Shore. The estate sits close to several of Sydney’s leading private and independent schools, including Knox Grammar, Abbotsleigh, Barker College, Pymble Ladies’ College, Ravenswood School for Girls, and Loreto Normanhurst. Co-educational options including Wahroonga Adventist School and Sydney Adventist School further strengthen the area’s appeal to established families looking for long-term schooling pathways within a tightly held catchment.

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Transport connectivity supports the suburb’s liveability without compromising its quieter residential character. Wahroonga and Turramurra train stations provide direct rail access into the Sydney CBD, while the nearby Pacific Highway and M1 motorway strengthen links across the North Shore and broader metropolitan area. At the same time, the heavily treed streetscape and low-density character continue to distinguish the precinct from more urbanised parts of Sydney.

The Residences at Wahroonga Estate forms the first stage of <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a>’s broader masterplanned vision for the precinct, delivered alongside the Seventh-day Adventist Church.

[smartcode_project:default project_id=135247 project_image_fid=364995]

Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, the development integrates landscaped communal spaces including a pet-friendly Green Spine, resident lounge, BBQ pavilion, and direct bushland access, reinforcing the project’s focus on outdoor connection and community-based living.

Now under construction by Gold Star iCIRT-rated builder <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, The Residences at Wahroonga Estate will deliver a collection of one, two, and three-bedroom apartments priced from $990,000, with completion anticipated in 2027.

[smartcode_project_cta:default project_id=135247]

Capital Corporation to cater to Upper North Shore downsizers by creating walkable community at The Residences at Wahroonga Estate

Little Bay

Prominent Sydney developer Urban Property Group have lodged a new development application for their coastal Little Bay apartment project.

After securing court approval for a concept development application at their 11,612 sqm Jennifer Street block, they've now recently filed the detailed development application to Randwick City Council that comprises of 76 apartments designed by Hill Thalis Architecture at 11 Jennifer Street.

The proposal adopts the courtyard apartment type, which Hill Thalis founding principal Philip Thalis says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

"The courtyard garden type has antecedents in many urban cultures around the world," Hill Thalis noted in the design statement submitted to the council.

"As is the case in many examples of this type, the courtyards organise the primary access and address to the various cores, and they are planted with endemic species and dotted with seats.

"The entry (northern) courtyard has framed vistas open to the landscape on the east side, and back to Reservoir Street to the west. The southern courtyard opens to the ESBS."

<img alt="Jennifer St" data-entity-type="file" data-entity-uuid="6680aba7-d7d7-4fe7-accb-1fc47a2fe74a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-06%20at%202.01.08%20pm.png?VersionId=hvTxc4Al4.oYYgJTqLf9TyzwaxQqp_Vj" />

The proposal is for 76 dwellings in three separate buildings that frame two substantial landscape courtyards. While the pair of northern buildings that front Crown Road are linear, the larger southern building has a U-shaped configuration.

The apartments are distributed over three and part four residential levels above a single level basement car park.

There will be 10 one-bedroom apartments, 38 two-bedders, and 28 three-bed units. 15 of the ground floor garden apartments have direct street or garden access and private gardens. The top floor apartments on both levels two and three have larger floorplans and have extensive terraces.

"The proposed development provides a mix of accommodation to support the needs of a future population, including families given the sizes and mix of apartments," Hill Thalis added.

Urban Property Group went through the Land and Environment Court to obtain approval for 38 apartments and 8 townhouses back in 2019, but have since been back and forth with design proposals for the site.

The Little Bay area on the eastern side of Anzac Parade has seen new urban precincts created over the last two decades, including the redevelopment of the former Prince Henry Hospital site and the early stages of Little Bay Cove to its immediate north.

The Little Bay project is part of UPG's continually growing development pipeline.

In the past month they've submitted applications in Penrith, and a townhouse and apartment project at Edmondson Park both close to train station infrastructure. Those two projects alone add a further 1,100 dwellings to UPG's pipeline.

<a href="/news/nsw/exclusive-first-look-urban-property-group-prepare-over-1100-dwellings-in-penrith-and-edmondson-park-developments">Read more:&nbsp;Exclusive first look: Urban Property Group prepare over 1100 dwellings in Penrith and Edmondson Park developments</a>

The proposal adopts the courtyard apartment type, which Hill Thalis founding principal Philip Thalis says is puzzlingly rare in Australian cities


Exclusive first look: Urban Property Group reveal Little Bay apartments project

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South Sydney Rabbitohs boss Shane Richardson and wife Kate are selling their Little Bay penthouse.
The couple are set to downsize again within the neighbourhood where they moved after selling their $1.68 million Coogee semi in 2014.
Their initial Little Bay abode was a three-bedroom house they sold in 2017 for $1.9 million.
The three-bedroom penthouse with rooftop garden, bought in 2017, has been listed by McGrath agent Marnie Seinor.
The fifth-floor apartment has ocean views from what is currently the highest spot within the precinct.
Inspectees spotted next year’s NRL fixture on the fridge door.
It was Nick Pappas who recruited Richardson from Penrith to South Sydney in 2004, where along with Russell Crowe and Peter Holmes a Court, he helped turn the team into an NRL powerhouse.
He rejoined in 2016 after a brief stint at NRL’s headquarters.
Little Bay has seen 3.9% compound growth for houses and 5.1% for units, according to realestate.com.au over the past five years.
This article was first published in the Sunday Telegraph. 
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Rabbitohs boss Shane Richardson lists Little Bay penthouse

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Tom Burgess, who will be the only Burgess brother to pull on green and red next year for the Rabbitohs, is now selling both his Little Bay apartments.
It comes after the first-time dad and his partner, model Tahlia Giumelli had their first daughter Sophie in August.
He initially put his investment pad on the market last month, with hopes of $975,000.
Now he’s decided to also sell the penthouse which they have called home since moving from Coogee.
The three-bedroom, two-bathroom penthouse with two wrap-around entertaining areas cost $1,405,000.
NG Farah agent Beau Champion, who previously played alongside the brothers at the Rabbitohs, is seeking $1.5 million.
Tom’s twin brother George, who is moving back to the UK with wife Joanna and their three kids, offloaded his $1.35 million investment in the same block last December.
He got the same price he paid off the plan in 2015.
The twins had attended the VIP launch of the development as guests of the then McGrath Projects boss Dennis Vertzayias.
Big brother Sam still retains a foothold in the building, having failed to find a buyer for his $955,000 purchase.
Sam’s Maroubra matrimonial home is likely to hit market soon.
This article was first published in the Sunday Telegraph.
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Rabbitoh Tom Burgess lists Little Bay penthouse

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George Burgess, one of the high-flying South Sydney Rabbitohs brothers, and wife Joanna have managed to onsell their recently settled Little Bay apartment, but seemingly only at purchase price.
George, and his twin brother Tom, plus older brother Sam all grabbed an apartment off the plan in 2015 midway through the apartment price boom.
On its settlement in August, George and his wife Joanna sought to flip their penthouse purchase.
Having paid $1.35 million, the top-floor, two-bedroom apartment with terracing was initially listed at $1.45 million to $1.5 million, which would have more than covered expenses.
Their former South Sydney Rabbitohs teammate Beau Champion, from NG Farah, who listed the apartment with colleague Peter Goulding, recently posted the sale details at $1.35 million.
George and Joanna recently welcomed into the world their second child Birdie Maquelle. They had a son, Boston, last year.
TA Global developed the Illume (pictured above), comprising 179 residential apartments within three blocks of five-storey-high buildings on Anzac Parade.
The units were a collaborative design of by architect Tony Caro, along with Simon Mather of Mako Architecture. Bordering Little Cove Beach and four golf courses, the estate covers 13 hectares and with lakes, wetlands, bushland and walking trails.
It was Tom who outlaid the most of the Burgess brothers, seemingly with plans to move into his $1,405,000, two-bedroom purchase with his partner, former Miss Universe finalist Tahlia Giumelli, and their cavalier pup Ted.
Older brother Sam, who spent $955,000 on his two-bedroom apartment was also seeking a buyer after settlement, but has withdrawn it from sale to now accommodate a family member.
The twins attended the VIP launch in 2015 of the second stage of the development in August with mum Julie as guests of then McGrath Projects agent Dennis Vertzayias.
Sydney's off the plan market has faced issues upon settlement.
CoreLogic recently calculated that 30% of off the plan apartments were being valued at less than their original sale price.
It is a reversal on boom time years when developers had been utilising the sunset clauses in contracts, dragging apartments back from intending buyers because some could have risen so much.
Many apartments sold off the plan, at a time when housing conditions were much stronger and credit conditions weren’t as tight, noted Tim Lawless, Head of Research at CoreLogic.
“With the unit construction cycle moving through an unprecedented peak, the settlement phase will be an important facet of the market to monitor,” Lawless said.
Lawless says the combination of record new apartment supply and falling prices means that settlement risk is now “heightened”.
<div id="taboola-mid-article-stream-thumbnails">He said off-the-plan buyers who find their valuation comes in lower than the contract price at the time of settlement could be "in for a rude shock”.</div>
“Lenders will generally be looking for a loan to valuation ratio often closer to 80%, meaning buyers will need to top up their deposit in order to meet the lenders loan to valuation criteria.
This article first appeared in The Saturday Telegraph.
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South Sydney's George Burgess onsells recently settled Little Bay apartment

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An award-winning 1888 architecturally renovated Little Bay house on a 735 square metre block has been sold for $2,795,000. 
It was offered by Peter Goulding and Nick Ujvary from NG Farah.
It has been believed to be the first doctor's residence constructed. 
The historic coastal home situated at<a href="http://www.ngfarah.com.au/19222669/22-jenner-street-little-bay" target="_blank"> 22 Jenner Street</a> features formal and casual entertaining areas, indoor and outdoor living, palatial master suite, other three bedrooms and Caesar Stone gas kitchen.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/24/little%20bay%202.jpg" alt="">
Other highlights include landscaped gardens, tiled and carpeted floors, ducted air conditioning and rear lane beach access.
It is only two minutes stroll to Prince Henry's retail and cafe centre, 10 minutes to Pacific Square and airport and 20 minutes to the city. 
The suburb's median house price sits at $1.8 million according to CoreLogic. 
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Award-winning Little Bay trophy home sold

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The Sydney premiership winning jockey Brenton Avdulla has settled his off the plan investment apartment acquisition in Little Bay's latest development.
Having paid $720,000 on the launch of the Illume complex in 2015, the Melbourne-born jockey has quickly found a tenant on its recent completion.
Avdulla's leased the two bedroom unit at $750 a week, reflecting a strong 5.5% yield.
The apartment spans 100 square metres with wrap around balcony has views across Little Bay to the water.
It is in the same complex where three of the Rabbitoh Burgess brothers, Luke Sam and Tom also bought off the plan apartments.
Returning from a successful stint in Japan, the 27 year old Avdulla has had his best year in the saddle to date, being one of the youngest jockey's to get to 1000 career wins.
Avdulla recently sold his four bedroom Zetland home for $2.01 million after paying $1.85 million two years ago.
The three storey home with split level design home was among a handful of terraces in the award-winning ARC development designed by Tonkin Zulaikha Greer in 2003.
Joe Recep and Martin Farah at NG Farah Coogee sold the property.
He retains a townhouse in Pagewood where he paid $1,788,000 for a three storey townhouse on the former Electrolux manufacturing plant estate.
Avdulla's first Sydney purchase, when he was in his late teens, was near the track. His one bedroom Kensington apartment, cost $445,000.
The star jockey will be a shoo-in for a ride in the Everest next month.
Last year he rode star sprinter Chataqua to fourth place.
This article first appeared in The Daily Telegraph. 
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