Just a few months after acquiring a prime Broadbeach site on the corner of First Avenue and Surf Parade, family-run developer <a href="https://www.apartments.com.au/developers/raptis">Raptis</a> has filed fresh plans for a new apartment development.

Raptis is seeking to deliver a <a href="https://www.apartments.com.au/new-apartments/17-19-first-avenue-broadbeach-qld-4217">29-storey tower with 73 apartments</a> on the 818 sqm site. It will be the developer's seventh project in the suburb, as they are approaching completion of The Sterling on George Avenue.

There will be a pool, barbecue and outdoor dining area, residents lounge and dining, sauna and steam room, gym, and a Yoga and Pilates studio.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="b554da3f-7344-49aa-b1c9-44cf459af0d7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%2010.41.45%E2%80%AFAM.png?VersionId=zzjWu1iO1wnuYv4EV4fyOyf5nSXjGYut" />

Raptis Joint Managing Director, Evan Raptis, says they remain&nbsp;committed to developing quality infill sites across the Gold Coast in the lead-up to the 2032 Brisbane Olympics.

"This project continues our long track record of delivery in Broadbeach, and we look forward to bringing another premium development to this thriving precinct."

The announcement follows strong delivery momentum for Raptis, with The Sterling Broadbeach nearing completion and construction well underway on the final stage of the Waterpoint community adjacent to Harbour Town. The developer's continued investment in the Gold Coast reflects confidence in the region's apartment market fundamentals, underpinned by sustained Southeast Queensland population growth.&nbsp;

The outlook for the region is further bolstered by infrastructure investment tied to the Brisbane 2032 Olympic Games, which is expected to drive continued economic and population growth across the SEQ corridor.&nbsp;

Subject to a favourable response from Gold Coast City Council, construction on the new First Avenue tower is targeted to commence before the end of 2026.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/it-s-all-in-the-family-four-decades-later-raptis-continues-to-shape-the-gold-coast-skyline">It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline</a>

Read more: <a href="https://www.apartments.com.au/news/qld/raptis-secures-prime-surf-parade-site-for-next-broadbeach-apartment-development">Raptis secures prime Surf Parade site for next Broadbeach apartment development</a> 
&nbsp;

Gold Coast developer brings seventh Broadbeach project to market, targeting construction commencement before year end

Joel Robinson

First look: Raptis lodges plans for new 29-storey Broadbeach tower 

Brisbane development veteran Kevin Seymour's Seymour Group is set to deepen its presence on one of Brisbane's most tightly held riverfront addresses, lodging revised plans for a luxury apartment development on Oxlade, just a few doors down from The Oxlade, which it completed in 2024.

The <a href="https://www.apartments.com.au/new-apartments/70-72-oxlade-drive-new-farm-qld-4005">new project at 70-72 Oxlade Drive</a>, directly north of The Oxlade, will have 27 apartments across a seven-storey building&nbsp;overlooking the Brisbane River and Merthyr Park. It's a revision from a 2021-approved design.

Designed by bureau^proberts, the project has evolved from the previously approved 26-apartment scheme, introducing an additional penthouse level while maintaining a low-density, boutique character. The development will comprise 26 three-bedroom apartments and a single four-bedroom penthouse, supported by two basement levels with 86 car spaces and 34 bicycle spaces.

The architectural response is centred around two distinct building forms separated by a landscaped open-air atrium.&nbsp;"This dual composition captures and embraces Brisbane’s subtropical environment whilst breaking down built form and scale," the submission to the Brisbane City Council noted.

<img alt="First look: Seymour Group returns to Oxlade Drive with revised riverfront apartment plans in New Farm" data-entity-type="file" data-entity-uuid="c12d84d0-bc11-4067-b46f-5bd2d786a34d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/new%20farm%20landscape.png?VersionId=YEPc2k5CAdh6aAPlu4uVpgZadh4MEfRd" />

A defining feature of the design is a deep landscaped void running through the centre of the building, creating what bureau^proberts describes as a "natural ravine" that enhances airflow, daylight penetration and resident amenity. The design report notes that the separation of the two building volumes is intended to maximise natural light, cross-ventilation and outlook while strengthening connections to the surrounding riverfront setting.

Curved balcony edges, integrated planting and extensive landscaping throughout the façade reinforce the subtropical design approach. The building's façade is softened by elevated gardens and planter beds, creating a green edge that complements the established landscape character of Oxlade Drive and neighbouring Merthyr Park.

New Farm has become one of Brisbane's most sought-after suburbs for developers delivering premium downsizer-focused apartments.

GRAYA has been particularly active in the precinct, completing both Chalk and York in recent years, while construction of Moray House, being delivered for Spyre, is now nearing completion. Architect-turned-developer Joe Adsett recently launched <a href="https://www.apartments.com.au/new-apartments/arcilla-new-farm-by-joe-adsett-28-maxwell-street-new-farm-qld-4005">Arcilla on Maxwell Street</a>, an exclusive collection of just nine apartments.

First look: Seymour Group returns to New Farm's Oxlade Drive with riverfront apartment plans

A new residential tower will be the first piece of a broader mixed-use precinct set to reshape a prominent Newcastle West site, with local developer <a href="https://www.apartments.com.au/developers/gwh">GWH</a> bringing its <a href="https://www.apartments.com.au/new-apartments/cambridge-quarter-newcastle-west-12-denison-street-newcastle-west-nsw-2302">Cambridge Quarter</a> vision to market.

The first release, Tempo, will introduce 87 apartments across a 24-storey tower, marking Stage 1 of the residential component of a larger urban regeneration project planned for the western end of Newcastle's city centre, encompassing the former Cambridge Hotel site.

Positioned on Denison Street, Tempo has been designed as the inaugural building within Cambridge Quarter, a precinct that will ultimately combine apartments, retail activation and revitalised public spaces including the revamping of the Cambridge Hotel.

[smartcode_project:default project_id=135876 project_image_fid=368856]

The tower will comprise a mix of one, two and three-bedroom apartments, including layouts with multipurpose rooms, catering to a broad cross-section of owner-occupiers. Apartment sizes range from around 60 sqm to 192 sqm, with a number of residences oriented to capture views across Newcastle Harbour, the city skyline and coastline.

GWH has emphasised liveability in the design, with open-plan layouts extending to generous balconies and terraces. Residents will have a choice of two interior palettes, while specifications include engineered stone benchtops, SMEG appliances, full-height bathroom tiling and secure building access. Premium upgrade packages will also be available

Multiple rooftop resident retreats will provide communal outdoor space overlooking the harbour and city, offering an elevated amenity layer above the activity of the precinct below.

[smartcode_project:default project_id=135876 project_image_fid=368851]

The broader Cambridge Quarter vision extends beyond the residential tower itself. Ground-level retail activation and landscaped public areas are planned throughout the precinct, creating a walkable neighbourhood environment connected to the surrounding renewal of Newcastle West. The Cambridge Hotel is also earmarked for future redevelopment into a family-friendly hospitality venue integrated with the new precinct.

The project is strategically positioned within walking distance of Newcastle Interchange, providing access to light rail, regional rail services and direct connections to Sydney. Residents will also be close to Honeysuckle, Newcastle Harbour and the city's beaches and coastal walkways.

[smartcode_project:default project_id=135876 project_image_fid=368852]

For GWH, Cambridge Quarter represents one of its most significant Newcastle developments to date. The locally based developer, which has operated in the Hunter region since 1995, describes the project as a new chapter in the ongoing transformation of Newcastle West.

GWH Executive Director Jonathan Craig said the project had been shaped by a focus on creating lasting community connections.

"We take pride in creating places that last. Spaces where people feel connected, comfortable and a genuine sense of belonging," Craig said.

"Cambridge Quarter is something we are truly proud of, a place shaped by local knowledge, built with care and designed to be part of Newcastle's next chapter."

[smartcode_project_cta:default project_id=135876]

GWH unveils first release at landmark Cambridge Quarter precinct in Newcastle West

<a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a>,&nbsp;Rainbow Bay's busiest developer,&nbsp;has officially lodged plans for the largest development in its booming local portfolio, seeking approval for a further 88 apartments on Boundary Street.

The proposal&nbsp;at <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">209–213 Boundary Street, Coolangatta</a>,&nbsp;marks the next chapter in the developer's transformation of the southern Gold Coast beachside precinct. It will be its fifth in the area, having already delivered Flow, Awaken and Esprit, while construction continues on the 38-apartment Radia. The new project would rise 57 metres above a consolidated 1,518 sqm site, on the same street as Radia and Esprit.

&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, the proposed development comprises 88 two and three-bedroom apartments across a contemporary podium-and-tower form that integrates extensive landscaping from street level through to the rooftop.

The tower would be delivered above a basement and multi-level podium accommodating resident and visitor parking, with the residential component commencing from level three. The design incorporates cascading planting throughout the façade, landscaped podium edges, and deep planting zones along the Boundary Street frontage.

<img alt="First look: S&amp;S Projects lodges plans for 88-apartment wellness tower at Coolangatta's Boundary Street" data-entity-type="file" data-entity-uuid="677e6615-b5c0-4b6c-b4f9-efb14fcde1a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ss%20da%20pers.png?VersionId=YOnPKQm7IFXv0M5H326djEpxk80500Hi" />

A key feature of the development is its expansive rooftop wellness and recreation precinct. Plans reveal a resort-style pool deck, gymnasium, sauna, steam room, hot and cold plunge pools, rooftop terraces, barbecue areas and landscaped relaxation spaces positioned to capture views across the southern Gold Coast coastline.

The rooftop wellness focus builds on the vision S&amp;S Projects first outlined when it acquired the site for $20.25 million last year.

"We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden," S&amp;S Projects founder and director Paul Gedoun said at the time.

The proposal seeks a 57-metre building height, representing a 50 per cent uplift on the site's mapped 38-metre height limit. Planning documents argue the additional height is consistent with recently approved and emerging towers in the immediate Boundary Street and Rainbow Bay precinct.

Urbis, acting as planning consultant, said the development would provide "88 dwellings, comprising a mix of two and three-bedroom apartments, contributing to housing choice and supply within an established medium to high-rise coastal urban neighbourhood."

The scheme has undergone extensive pre-lodgement consultation with the City of Gold Coast, with the design refined following feedback relating to architectural expression, landscaping, traffic access and podium treatment.

<img alt="S&amp;S" data-entity-type="file" data-entity-uuid="0a2d70fd-62ac-4b83-97c6-b798fc1243dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-05%20at%209.16.31%E2%80%AFAM.png?VersionId=yHmghUwKM3IVGpBktQU1mE.0Lpf3WimG" />

The architectural team is led by Brisbane-based Cottee Parker, one of Australia's most active residential design studios, with landscape architecture by Dunn + Moran. The consultant team also includes ADG Engineers, Windtech and Acoustic Works.

S&amp;S Projects has become one of the most influential private developers operating on the southern Gold Coast. Since entering Rainbow Bay in 2022, the company has assembled a portfolio exceeding $1 billion in end value, establishing itself as a key player in the area's evolution into a premium apartment destination. Pezet Matheson will again handle the sales for S&amp;S.

Coolangatta is entering another wave of apartment development, following the delivery of several prominent residential projects in recent years.

John Kearney's Immerse Projects will launch&nbsp;<a href="https://www.apartments.com.au/new-apartments/kaiya-kirra-beach-5-haig-street-coolangatta-qld-4225">Kaiya on Haig Street</a>&nbsp;soon, meanwhile, Palm Beach-based Sherpa Property Group is preparing to bring its debut Coolangatta development, <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, to market later this year, subject to approvals.

First look: S&S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street

A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Malcolm Turnbull

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Former prime minister Malcolm and his wife Lucy Turnbull didn’t find a buyer during their midweek online auction of their Hunter Valley property, Scotts Creek.
It ended on a $6 million vendor bid. Meares &amp; Associates agent Chris Meares had expected the two-day auction to attract several bids of between $6.5 million to $6.75 million.
The 2000ha farm, 330km from Sydney, has had a history of running merino sheep and breeding quality beef cattle.
The Murrurundi property is in the foothills of the Liverpool Ranges just north of Scone.
In recent years it has carried 500 to 600 breeding cows along with 1000 to 1500 merino ewes and wethers. It is well watered, with creeks, springs and surface dams, complementing the rainfall.
The farm improvements include the three-bedroom manager’s home, two sets of cattle yards, a six-stand wool shed, two sets of sheep yards and two machinery sheds.
<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/2019/6/18/SCOTTS3.jpg" alt="">
Another farm, East Rossgole at Aberdeen — inherited from Turnbull’s father Bruce who died in 1982 — will be retained by the Point Piper-based family.
The Turnbulls recently offloaded their redundant Canberra penthouse for $2.06 million, given his departure from parliament.
The two-level, three-bedroom Kingston apartment was bought by Sydney barrister Keith Rewell and is now a $1185-a-week rental. The Turnbulls had bought it off the plan in 2006 for $1.95 million.
This article was first published in the Saturday Daily Telegraph.
 
 
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jonathanchancellor-7SQnKwU6yx

Malcolm and Lucy Turnbull's Scotts Creek farm passes in on vendor bid

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Malcolm and Lucy Turnbull are selling one of their Hunter Valley properties, Scotts Creek.
It is <a href="https://www.meares.com.au/search-properties/details/Scotts-Creek" target="_blank">located in the foothills of the Liverpool Ranges</a> above the township of Murrurundi. The couple have asked rural agent Chris Meares at Meares &amp; Associates to conduct an online auction.
The 2000ha farm has had a strong history of running merino sheep and breeding quality beef cattle.
In recent years it has carried 500 to 600 breeding cows along with 1000 to 1500 merino ewes and wethers. It is well watered, with creeks, springs and surface dams, complementing the rainfall.
Over the past 27 years it has average 813mm, with three years, including 2018, where the rainfall has fallen under 600mm.
Meares expected the two-day auction to attract bids of between $6.5 million to $6.75 million.
The couple will retain their East Rossgole property, near Aberdeen, which Mr Turnbull inherited from his father, Bruce, in 1982. 
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Malcolm and Lucy Turnbull list one of their Hunter Valley properties, Scotts Creek

<html><body><div class="_1665V undefined">
Malcolm Turnbull's former Kingston Foreshore, ACT penthouse has been listed for rent after its recent sale.
The <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" target="_blank">Eastlake Parade apartment</a> was sold<a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" data-track-relatedarticle="inarticlelink"> </a>by Berkely Residential, which now <a href="https://www.allhomes.com.au/rent/78-11-eastlake-parade-kingston-canberra-176389368" target="_blank">has it for rent</a>.
<div class="_1665V undefined">
The two-level, three-bedroom penthouse features marble bathrooms.
There is a huge terrace with a covered outdoor kitchen, in-slab heating and polished hardwood floors.
</div>
<div id="plista_widget_outstream">It is described as a "very lightly lived in" with the "most sensational views over Lake Burley Griffin, East Basin and the city".</div>
<div> </div>
<div>The apartment is up for rent for $1,350 to $1,550 a week.</div>
<div> </div>
<div>It was tipped to fetch at least $2.5 million, but reported to have been sold for $2 million plus.</div>
The Turnbulls bought the apartment off the plan for reportedly about $1.95 million in 2006.
<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/2018/10/2/turnbull2.jpg" alt="">
Turnbull spent his first four months as prime minister there before moving into The Lodge in January 2016 after renovations.
 
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firstname1-iYD4UYzvBa

Malcolm Turnbull's former Canberra penthouse up for rent by recent buyer

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<div class="_1665V undefined">
Malcolm Turnbull has had an offer for his "very lightly lived in" Kingston Foreshore, ACT penthouse.
The <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" target="_blank">Eastlake Parade apartment</a> had been listed<a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" data-track-relatedarticle="inarticlelink"> </a>by Berkely Residential on AllHomes last September.
It was tipped to fetch at least $2.5 million, but reported to have been sold for $2 million plus.
The Turnbulls bought the apartment off the plan for reportedly about $1.95 million in 2006.
<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/2018/10/2/turnbull2.jpg" alt="">
Turnbull spent his first four months as prime minister there before moving into The Lodge in January 2016 after renovations.
The two-level, three-bedroom penthouse features marble bathrooms, a huge terrace with a covered outdoor kitchen, in-slab heating and polished hardwood floors.
</div>
<div id="plista_widget_outstream">It is described as a "very lightly lived in" with the "most sensational views over Lake Burley Griffin, East Basin and the city".</div>
<div> </div>
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Malcolm Turnbull gets offer on Canberra penthouse

<html><body>
<div class="_1665V undefined">
Malcolm Turnbull has listed his "very lightly lived in" Kingston Foreshore, ACT penthouse for sale.
The <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" target="_blank">Eastlake Parade apartment</a> has been listed<a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/78-11-eastlake-parade-kingston-canberra/1317577780511" data-track-relatedarticle="inarticlelink"> </a>by Berkely Residential on AllHomes.
It is tipped to fetch at least $2.5 million.
The Turnbulls bought the apartment off the plan for about $1.8 million in 2006.
<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/2018/10/2/turnbull2.jpg" alt="">
Turnbull spent his first four months as prime minister there before moving into The Lodge in January 2016 after renovations.
The two-level, three-bedroom penthouse features marble bathrooms, a huge terrace with a covered outdoor kitchen, in-slab heating and polished hardwood floors.
</div>
<div id="plista_widget_outstream">It is described as a "very lightly lived in" with the "most sensational views over Lake Burley Griffin, East Basin and the city".</div>
<div> </div>
<div class="_1ysFk">
<div class="_1665V undefined">
<div class="_1lwW_">The property is open to expressions of interest until October 11.</div>
</div>
</div>
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Malcolm Turnbull lists Canberra penthouse

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The Prime Minister Malcolm Turnbull and wife Lucy are getting new neighbours in Point Piper.
The neighbours Tiffany and Ben Tilley have found a near $20 million buyer.
It was the Point Piper home that Malcolm and Lucy Turnbull built.
The home, originally known as Gwandalan, was built after the Turnbull's excised some of the land for habrourfront access.
The Turnbulls had paid $7.1 million in 1999, already owning, Le Gai Soleil next door, with the intention of an expansion of their land holding for more harbourside and the jetty.
Ben and Tiffany Tilley paid $13.6 million for the Wunulla Road home in 2011, so the price reflects just shy of six percent annual price growth.
Set on 590 sqm, the Michael Suttor designed home offers unrestricted harbour views across Felix Bay.
The three level entertainer with lift features living spaces that spill on to balconies and landscaped gardens, complete with pool.
The private lowel level is dedicated to a self-contained two bedroom retreat with living space and kitchenette.
.It has been a regular summer rental for the artistic McGrath family
Brad Pillinger at Pillinger Double Bay was marketing the home with $25 million hopes.
Last December the home on the other side of the Turnbulls was sold. The luxury car importer Neville Crichton and wife, Nadi bought the incomplete beachfront property for about $45 million. It was the Mediterranean residence, Deauville that was sold by Michele and Dr Glenn Haifer, a healthcare businessman.
Scotts Honda Motors former owner Paul Scharrer and his wife Pam recently spent $30 million nearby on the south facing O'Neil boathouse, ending almost 60 years of family ownership.
The article was first published in The Sunday Telegraph.
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<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_4__container__"><iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/prestige_4" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-integralas-id-265028d2-3275-0b2c-5cdc-09391de080ad=""></iframe></div>
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PM Turnbull gets new neighbours as Point Piper's Ben and Tiffany Tilley sell

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GUEST OBSERVER
On Monday night Four Corners asked Australia to consider “What’s wrong with the NBN?”.
Prior to the episode airing, a lot of the debate focused on the NBN’s business model, and that it may not be profitable.
I, however, am not sure if the financial returns need be our biggest concern when referring to public service and critical infrastructure. My answer to the question “what’s wrong with the NBN?” is quite simple: the NBN is inequitable.
A “train wreck”
This week started with a fiery speech delivered by the Prime Minister, Malcolm Turnbull. He said the NBN was a mistake, blamed the former Labor government for the set up, and described the NBN’s business model as a “calamitous train wreck”.
Turnbull’s remarks triggered a number of responses, including one from former Labor Prime Minister, Kevin Rudd. He attached responsibility of NBN’s failure to the current government, as they “changed the model completely” compared to the original design.
More broadly, the Four Corners program itself created mixed reactions on social media. It was criticised for being “weak”, and not “challenging enough”, but also praised as “exceptional”.
I find it incredibly frustrating to see a national critical infrastructure project diminished to political ping pong. In my opinion, bipartisan commitment is required in order to deliver an equitable NBN for all Australians.
Inequity from the start
Introduced by Labor, the original NBN was announced in April 2009. The plan was to provide terrestrial fibre network coverage for 93% of Australian premises by the end of 2020, with the remaining 7% served by fixed wireless and satellite coverage. In other words, Labor’s NBN was mainly equitable in terms of the advanced technology adopted across the board.
However, research on the early NBN rollout pointed out the issue of timing. Even under the most optimistic estimations, it was going to take over a decade to build the nation-wide infrastructure. So, there were always questions about who was going to get the infrastructure first, and who had to wait over a decade for a similar service.
The results of the 2013 Federal election changed the fate of the NBN. The elected Coalition government decided the NBN rollout should transition from a primarily fibre-to-premises model to a mixed-technology model.
<img src="https://images.theconversation.com/files/175122/original/file-20170622-3031-jt1gt9.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Various/The Conversation, CC BY-D
FTTP = fibre to the premises; FTTN/FFTB = fibre to the node/basement; HFC = Hybrid Fibre-Coaxial
This added to the complexity of the NBN, and created new layers in the inequality concerns around the NBN. In the Coalition’s NBN, many could be waiting quite some years and yet still only receive a lower quality level of access to the service.
Now we’re past the halfway point of NBN delivery, and inequality of the service is clear at two levels.
Large scale
Recent research shows there is a clear digital divide between urban versus regional Australia in terms of access to the NBN. Regional Australia is missing out, both in terms of pace and quality of delivery in the mixed-technology model. This pretty much means that WA and NT are the worst off parts of the nation, because of the spread and dominance of regional and remote communities within them.
“Fine grain” scale
As described on Four Corners, mixed-technology NBN within local government areas and neighbourhoods means some people are better off than others.
Some receive fibre-to-premises service while others have fibre-to-node. The quality of the service also depends on how far someone lives and works from a node, which basically suggests even people on the same fibre-to-nodes service could have varied level of (dis)satisfaction with their internet and phone services.
Research published in 2015 captured some of the frustrations on the ground at the local government level. Differing qualities of internet services available were perceived to have direct implications for local economic development, productivity, and sense of community at the local level.
The two layers of NBN inequality mean that while some customers may be happy with their NBN, many experience a frustrating downgrade of service after moving to the NBN. This may help explain the increase in the number of NBN complaints across the nation.
Let’s start moving forwards
Politicising the NBN and blaming one party over another has been part of the national misfortune around the NBN. But, I believe, the inequality of the NBN is part of a bigger trend in infrastructure decision making in Australia that fails to fully account for the socioeconomic implications. Other examples of this trend are seen in major (controversial) transport projects around the nation (e.g. East West Link in Melbourne, WestConnex in Sydney).
Current and future Australian governments must accept responsibility, and find a way forward for the NBN that is built on the notion of equitable service.
We can start with questions such as who needs the service the most, and who can do the most with it. These two questions refer to the social inclusion and productivity implications of the NBN.
<img src="https://counter.theconversation.com/content/86221/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The NBN, as a publicly funded national infrastructure project, has to be equitable to be a truly nation building platform. As long as it is failing some, it is failing us all as a nation.
Tooran Alizadeh, Senior Lecturer, Director of Urban Design, University of Sydney
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/turnbulls-government-must-accept-responsibility-for-delivering-an-equitable-nbn-for-all-australians-86221" target="_blank">original article</a>.
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Turnbull's government must accept responsibility for delivering an equitable NBN: Tooran Alizadeh

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The Point Piper home that Prime Minister Malcolm Turnbull built, which sits next to their current home, has been listed for sale.
The home, originally known as Gwandalan, was built by Turnbull during his brief fling as a smalltime property developer.
The Turnbulls had paid $7.1 million in 1999, already owning next door. An expansion of their land for more harbourside and jetty was the desired outcome.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/19/Turnbull2.jpg" alt="">
It now belongs to Ben and Tiffany Tilley. Ben has been a long close friend of casino mogul James Packer.
The couple had paid $13.6 million for the Wunulla Road home in 2011.
Set on 590 sqm, the Michael Suttor designed home offers unrestricted harbour views across Felix Bay and is moments from Lady Martins Beach.
The three level entertainer with lift features living spaces that spill on to balconies and landscaped gardens, complete with pool.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/19/Turnbull3.jpg" alt="">
The private lowel level is dedicated to a self-contained two bedroom retreat with living space and kitchenette.
An upper level master suite features a marble bathroom, bespoke dressing room and its own balcony. 
Brad Pillinger at Pillinger Double Bay is marketing the home with a reported $25 million asking price.
 
 
 
 
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Tilley-owned Point Piper house Malcolm Turnbull built listed

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<img src="https://counter.theconversation.edu.au/content/77478/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Prime Minister Malcolm Turnbull’s 2015 National Innovation and Science Agenda was a call to arms for Australia’s research and industry sectors to collaborate and drive our economy.
One and a half years on, you’d be excused for thinking a few pages of notes were missing from Budget 2017. Specifically no comment was made about the vision of where our great “ideas boom” was taking us - setting the scene to unite industry and researchers alike.
For manufacturing there was a glimmer of hope in the announcement of A$100 million to boost innovation, skills and employment in advanced manufacturing.
It addresses people, know-how, process and partnerships. If connected into a strategic plan there could be benefits for businesses as the manufacturing sector redeploys into new activity.
However, it does appear narrowly focused on the here and now for closed and closing automotive manufacturers.
In the absence of linkage with the National Innovation and Science Agenda, the pending 2030 Roadmap from Innovation and Science Australia, and comment on the research and development tax incentive review, the A$100 million may be an expensive band-aid.
Capital upgrades
The funding announcement refers to A$47.5 million for a new Advanced Manufacturing Growth Fund to support South Australian and Victorian manufacturers for capital upgrades to “make their businesses more competitive through innovative processes and equipment”.
My experience of project work with manufacturing companies is that capital cost of equipment (capital expenditure, or “CapEx”) has never been a roadblock to growth and success.
When the business case stacks up, CapEx is easily justified. The business case is built upon having the right people and know-how in the business.
In isolation the drive to purchase new equipment presents no value to business, and may even lead to stranded assets. But coupled with people and know-how, opportunities may come.
It’s important to recognise that right now, existing manufacturers are looking at how to utilise and/or redeploy their existing assets. In particular the automotive parts manufacturers are seeking new opportunities that match with existing equipment.
An example is a company that I am working with, Precision Components in South Australia. They are redeploying their large metal presses previously used in car component manufacturing to create components for capturing solar energy at HeliostatSA. It’s a project that has contributed to export capability for HeliostatSA.
Redeployment is the focus for many businesses today, not new equipment.
Small scale research projects
The funding announcement refers to A$4 million to support small scale and pilot research projects in advanced manufacturing, administered through the Advanced Manufacturing Growth Centre.
This seems like a good move.
Boosting innovation requires broadening the base of businesses looking to grow, and collaboration with university research programs is one way to achieve this. Small grants build confidence in collaborative partnerships, and help to clarify what the innovation is and its future return on investment.
For example, the government’s Innovation Connections scheme has had success in seeding innovation and collaboration.
A recent recipient of an Innovation Connections grant, company Sentek Pty Ltd, is utilising this scheme to fund new product development, and to underpin justification for future and larger investment. I am collaborating with Sentek on this project.
Cooperative Research Centre (CRC) Projects
The funding announcement refers to A$20 million under the Cooperative Research Centre – Projects initiative for larger scale advanced manufacturing research projects.
This funding should be warmly received.
The CRC program links researchers and industry, with the aim of delivering economic value to the industry partner and the sector more broadly. This scheme funds the real costs of research, develops skills in people, and incentivises transitioning knowledge out of the university.
The newly formed CRC Projects scheme is in its infancy, with industry firmly in the driving seat for administering the projects.
From the first two rounds of funding under the CRC Projects, a total of 28 projects have been funded. Each project has seen a co-investment from industry, universities, other research institutes, and the federal government.
Crunching the numbers for the funded projects shows, on average, the government invested A$2.04 million per project. This indicates that the new A$20 million of funding could support around an additional ten projects. This will stimulate activity and add value to our advanced manufacturing sector.
Innovation Labs
The funding announcement refers to A$10 million to establish Innovation Labs in South Australia and Victoria to serve industry.
It’s difficult to know what this means in reality.
Perhaps the purpose is to provide facilities for early stage innovation to be tested at minimal expense, and reduce the risk of the business making significant investment in infrastructure.
Perhaps it will allow researchers or companies to shore up concepts before seeking investment and raising capital. Maybe existing facilities will seek financial support to expand their remit across a diverse advanced manufacturing sector.
A topical example relates to additive manufacturing – generally known as 3D printing. Businesses producing 3D-printed products need a testing ground to conduct certification and accreditation of products prior to sale. The Innovation Labs could fill this void, and complete the link between laboratory research and commercial product.
Engineering excellence
The funding announcement refers to A$5 million investment in engineering student research at universities, technology institutions and in industry to maintain the flow of highly trained engineers to the automotive design and engineering sector.
At the heart of innovation are people.
Engineers represent one discipline that contributes to the pipeline of innovation. An investment to see the continual training of excellent engineers may address the loss of traditional career pathways.
Perhaps the funds will aid in restructuring of engineering education towards emerging opportunities in the health and medical, agriculture, renewable energy and other sectors.
As more details come to light in the coming weeks and months, the Turnbull government’s vision for Australia’s manufacturing future may become clearer.
But the sense from the manufacturers themselves is that they will just get on and do it anyway.
Drew Evans is associate professor of Energy &amp; Advanced Manufacturing, Australian Research Council Future Fellow, University of South Australia and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/drew-evans-22485" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

A glimmer of support for innovation and advanced manufacturing

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<img src="https://counter.theconversation.edu.au/content/63455/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Prime Minister Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday’s rate cut - or their chief executives must explain why they are not doing so.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5 percent, the four big banks said they would pass on only part of the reduction. They have also said they are putting up their term deposits rates, to a greater or less extent.
Turnbull said the banks should be fully accountable. “It is up to them. They are big institutions. They operate with a very substantial social licence and they owe it to the Australian people and their customers to explain fully and comprehensively why they have not passed on the full rate cut and they must do so,” he said.
“They can’t just say ‘oh, it’s none or your business. Please don’t tell us how to run our business’.”
The banks should pass on the cut because it reduced their cost of funds, Turnbull said.
His tone was considerably tougher than that of Treasurer Scott Morrison on Tuesday - while Morrison said the banks should pass on the cut, he allowed them more slack than Turnbull has done.
“There is no real argument based on cost of funds that would mean that they shouldn’t pass [the cut on],” Morrison said. “But I do note that they have actually taken another action and that is to lift deposit rates. So you’ve got to look at the deposit rate increase and the mortgage rate decrease as a package of response from at least the two banks that have done that. But it’s for them to make that decision.”
The government is under some pressure on the broad issue of banks' behaviour, with Labor running hard in the election campaign on its call for a royal commission into the banks.
Michelle Grattan is professorial fellow, University of Canberra, and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/michelle-grattan-20316" target="_blank">here</a>.
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