ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.

The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.

<a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.

[smartcode_project:default project_id=135663 project_image_fid=360477]

The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.

Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.

VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.

“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.

[smartcode_project:default project_id=135663 project_image_fid=360505]

The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.

The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.

Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.

[smartcode_project:default project_id=135663 project_image_fid=360473]

BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.

The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.

The first stage of Cumulus Grand Villas is targeting completion in 2026.

[smartcode_project_cta:default project_id=135663]

VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.

The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.

For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.

Waverley Council’s response has been to move early, and decisively.

Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.

<img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" />

At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.

That repositioning is built around four key ambitions.

The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.

The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.

Oxford Street Mall sits at the centre of that shift.

Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.

&nbsp;

The second ambition is to transform Bondi Junction into a world-class interchange.

Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.

The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.

The third ambition focuses on greening and open space.

One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.

The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.

The fourth ambition is perhaps the most important from a development perspective: growth that gives back.

Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.

New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.

The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.

Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.

It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.

Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.

Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.

The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.

This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.

Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.

That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.

&nbsp;

&nbsp;

&nbsp;

If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.

“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.

Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.

The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.

Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" />

The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.

The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.

Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.

While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" />

Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;

The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;

Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;

Blair House, also on St Georges Road, sold for $74.5 million in 2022.

First look: Toorak Pavilions slated for dress circle St Georges Road

Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.

A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.

The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" />

The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”

The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.

Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.

The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.

“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" />

The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.

Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.

First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

Maroubra

Sydney’s popular eastern suburbs beachside spot Maroubra is set to welcome a rare new apartment development on its beachfront strip.&nbsp; 
&nbsp;

Leading personal injury lawyer Gerard Malouf and his wife Dana has lodged plans for a boutique development at 116-118 Marine Parade.

MHNDU has designed the four-level building which will home just 10 apartments.

The residences will sit atop a stone clad basement level, which has been designed to appear as a landscaped podium.&nbsp;

The project will deliver a mix of apartment types; two one-bedroom, two two-bedroom, and six three-bedroom apartments, with three apartments to be dedicated to affordable housing.&nbsp;

The site is located in an area that is currently underdeveloped, but is zoned for higher density residential buildings in the future, with the desired future character of Marine Parade evident in the more recently constructed buildings further to the south of the site.&nbsp;

The combination of contemporary materials, colour palette and landscaping will provide a well-designed and high quality finish to the public domain and surrounding development, setting a precedent for contemporary development in the area.

The ground floor level will comprise two three-bedroom residences, each containing an open plan living, dining and kitchen area, a powder room, a laundry, three ensuites, a walk-in-robe and outdoor private open space wrapping around the apartment.

The first floor will include two one-bedroom units, again with an open-plan design, a bathroom, a laundry and private open space. The floor also has two two-bedroom apartments, each with a bathroom, a laundry, an ensuite and a walk-in-robe.

On the second floor, two three-bedroom ensuited apartments will be included, each with a powder room, a laundry and a walk-in-robe, with the third floor set to home the additional two three-bedroom apartments, each with ensuites, powder room, a laundry and a walk-in-robe.&nbsp;

All of the apartments will adjoin to private open spaces, in the form of balconies or courtyards, and while no communal open space has been proposed, the site benefits from its location near to Maroubra Beach, and a reserve directly across the road, which provides additional public recreation space.&nbsp;

The development will also include a total of 483 sqm of landscaped greenery at the front, rear and sides of the site, with the designs handled by Wyer &amp; Co. Landscape Design.&nbsp;

alisonwarters@gmail.com

Maroubra set for rare new luxury apartment development

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Test cricketer David Warner and wife Candice Falzon have sold one of their many Maroubra ­investment apartments.
The bullish off-market sale secured around $1.25 million for the two-bedroom unit.
Their $1.023 million acquisition in 2017 saw it become a $700-a-week rental, reflecting a 3.5 per cent yield for the top floor 94sqm apartment.
So pleased with the “seamless sale” Warner did a social media video yesterday praising the ­estate agent Josh Ellison of Ellison Zulian ­Property. It was a record price in the Hereward Street block of eight.
No doubt the funds will go towards their dream home which is taking shape at Lurline Bay, with interiors by Alexandra Kidd.
The couple bought their 900sqm oceanfront building block — set to be their forever home — in late 2015 for $3.9 million.
Warner’s first home purchase, ­another two-bedroom Maroubra apartment, came in 2009 costing $562,000. It was sold in 2014 at $650,000 by the duo who retain an expansive property portfolio.
“You can’t go wrong on bricks and mortar,” the former Matraville Public School student once told The Daily Telegraph.
This article first appeared in The Sunday Telegraph.
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firstname1-iYD4UYzvBa

Cricketer David Warner sells Maroubra investment

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New Channel 9 Today sports presenter Alex Cullen is offloading his Maroubra investment unit.
Cullen, who spent nearly a decade as a senior correspondent on Channel 7’s flagship Sunday Night, called the two-bedroom apartment home when it was purchased in 2013.
But he and his producer wife Bonnie Campbell, with twins in tow, have been ­renting as they look to buy together.
The couple, who wed in 2017, welcomed daughters Audrie and Evie just over a year ago.
Recently Campbell revealed their struggle in buying a property on her Instagram account.
“Yes everyone, we’ve done it! We’ve scrimped and saved and forfeited enough smashed avocado to buy our very first house in Sydney,” Campbell captioned with a photo ­facetiously showing Alex and the twins in a children’s playground cubby house.
Cullen paid $602,500 seven years ago for the Maroubra apartment when he moved from Coogee.
One street back from Maroubra Beach, the second-level apartment is on the northeastern corner of a 1970s block.
Ellison Zulian Property agent Josh Ellison gave a $900,000 guide to the 16 buyer groups at yesterday’s first open.
The median two-bedroom Maroubra apartment price sits at $832,500, according to realestate.com.au.
It reports, based on five years of sales, Maroubra has seen an annual compound growth rate of 3 per cent.
Cullen grew up on a cattle farm in northern NSW, completed a journalism degree at Charles Sturt University and got his first big break in 2003 when he was hired at Prime News in Wagga Wagga
This article first appeared in The Sunday Telegraph.
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Today Show sports presenter Alex Cullen lists Maroubra apartment

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<div class="tg-tlc-storybody_intro">
Despite the new real estate marketing challenges, Channel 9 Today sports presenter Alex Cullen has secured the sale of his 1970s Maroubra investment unit.
</div>
It fetched a healthy $950,000.
There were two weeks of open for inspections, but its intending owner-occupier buyer emerged during its third week of marketing when only inspections by appointment were permissible.
The daughter of the buyer physically inspected the Hereward St apartment with Ellison Julian Property agent Josh Ellison. They provided FaceTime viewing to the mother, who was in isolation having returned recently from overseas.
Ellison had been quoting a $900,000 guide. Cullen paid $602,500 for the two-bedroom apartment back in 2013.
Now with one-year-old twins, he and his producer wife Bonnie Campbell are looking to buy something that will fit the family.
This article was first published in the Sunday Telegraph. 
 
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Today Show sports presenter Alex Cullen sells Maroubra apartment

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NRL legend Jim Dymock has secured the pre-auction sale of the longtime Maroubra home he shares with wife Leah.
They’re now set to relocate to the Gold Coast, where Dymock has been tasked with fixing the Titans’ leaky defence.
The Titans finished bottom of the ladder last season with the worst defence, conceding an average 27 points per game.
Dymock bought the coastal 1980s home for $720,000 in 1998 when he was playing with Parramatta Eels, where he spent most of his career.
He also had stints with the Western Suburbs and then the Canterbury Bulldogs.
He finished his on-field career in the UK at the London Broncos.
The four-bedroom 1980s-built home, updated over his ownership, spans two levels on its 230 square metre block. 
It had a pre-auction guide of $2 million through PRD agent Corrinne Oslen, meaning it is priced slightly under the suburb median for a four-bedroom home, which realestate.com.au puts at $2.2 million.
It did sell for an “outstanding price”.
Dymock has been travelling back and forth since his Titans appointment, having previously been assistant coach at Cronulla.
They will initially lease on the Gold Coast rather than buy.
This article was first published in The Sunday Telegraph.  
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NRL legend Jim Dymock secures pre-auction Maroubra sale

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Rugby league legend Jim Dymock has listed in Maroubra­, given his move to take up coaching duties at the Gold Coast Titans.
Dymock, who played six State of Origins from 1996 to 1998, bought the Fitzgerald Avenue four-bedroom house for $720,000 in 1998 when playing with Parramatta Eels.
The 1980s-built home, updated over Dymock’s ownership, spans two levels on its 230 square metre block.
The ground level is dedicated to entertaining, with the kitchen, living and dining space opening to an entertaining terrace and pool.
PRD agent Corrinne Oslen, who has scheduled a December 7 auction, is marketing it as “beautifully appointed throughout with the finest of contemporary finishes and intuitively crafted to maximise the flow of natural light and space”.
Buyers are gleaning it ought to sell under the suburb median which realestate.com.au puts, for a four-bedroom home, at $2.2 million.
Dymock has been travelling back and forth since his appointment as Titans­ senior assistant coach. He was previously assistant coach at Cronulla.
He and wife Leah will initially lease on the Gold Coast rather than buy.
“I am really excited about joining the Titans,” Dymock told Titan fans earlier this month in a club update.
“Everyone knows the Gold Coast is a great city and a great place to live. But I am not going up there for the weather.”
Dymock’s role next season has been jestingly defined as the “Minister of Defence”.
The Titans had the worst defence in the NRL, conceding 27 points per game this year.
This article was first published in the Saturday Daily Telegraph.  
 
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j.ballantyne1990-6AQqhLzZaK

League legend Jim Dymock lists in Maroubra

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Now based back in Melbourne as a coach, former Sydney Swans premiership winner Rhyce Shaw and his wife Lia have sold their redundant Maroubra townhouse.
The couple secured the $1,225,000 sale pre-auction, having paid $870,000 at the end of the 2014 season — a year before Shaw retired and became an assistant coach.
The two-level property in a renovated art deco block of six has two bedrooms, one bathroom and a landscaped garden.
Belle Property Bondi Junction’s Lucas McKay sold the unit in three weeks.
This article was first published in the Saturday Daily Telegraph. 
 
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Former Sydney Swan Rhyce Shaw sells Maroubra townhouse

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Matt Lahood, the chief executive of the ASX-listed real estate network, The Agency, and his wife Connie put their Maroubra home to auction yesterday.
But the downsizing couple had no joy. It was passed in on a $3 million vendor bid from the struggling auctioneer, who had just one registered bidder amid many longtime neighbours.
The Lahoods have owned the four-bedroom 1970s family home for eight years, bought when he was a McGrath Estate Agents executive. It cost $2.26 million in 2011 after its 2010 refurbishment.
The initial auction price guide was $3.2 million, which was revised to $3 million given his listing agent Tony Laing gauged buyer interest during the marketing campaign.
<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/2019/4/1/Lahood2.jpg" alt="">
Lahood has a Coogee triplex development with plans to reside on the top floor.
Lahood departed McGrath after two decades in late 2016 to establish The Agency, which traded at a record low 12c on the sharemarket last week,
Like McGrath, which also traded at record lows last week, the two estate agencies are the bellwether stock on the patchy state of the property market.
The Agency’s own Coogee office recently shut its doors as a cost-cutting measure. 
This article was first published in the Saturday Daily Telegraph.
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The Agency boss Matt Lahood fails to find single bid

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Rugby legend John Maxwell, who won 10 first grade premierships over his near two decade career, has listed his long held Maroubra home.
The former Australian captain, who played a club record 323 first grade games at Randwick Rugby across three decades, bought the family home for $775,000 in 1996 with wife Jennifer.
Set on an elevated 670 square metre block with ocean views, the coastal home has five bedrooms and two living areas.
An alfresco deck with pond overlooks the private gardens.
Phillips Pantzer Donnelley agent Jason Pantzer is selling the home with a guide of $2.8 million to $3 million.
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Maxwell, a back-rower, played for Randwick Rugby from the age of nine.
<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/2019/2/22/marouba%203.jpg" alt="">
After his playing career with finished, he became a coach for the next decade or so.
He captained, and then later managed, the Australian 7's side to victories in Hong Kong Sevens in the late 1970s and early 1980s.
This article was first published in the Sunday Telegraph. 
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Rugby legend John Maxwell lists Maroubra home

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Sydney Swan rookie Jordan Foote hasn't strayed far from his hometown when buying his first apartment.
The 22 year old midfielder snapped up a two bedroom unit in Maroubra for $877,500 after it spent just 15 days on the market.
It looks like a savvy purchase by Foote, after it had a guide of $895,000.
Foote's 68 sqm apartment features a granite kitchen with breakfast bar and a bathroom with walk-in rain water shower.
He secured a $650 a week tenant, reflecting a near four percent rental yield.
McGrath Edgecliff agents Eitan Rubinstein and Melissa McCormack sold the apartment.
The Maroubra local, who grew up playing AFL for the Maroubra Saints, was drafted by the Swans in the 2015 rookie draft.
Another two other apartments in the 1970s boutique block of nine have sold this year for $905,000 and $910,000.
Foote was drafted by the Swans in the 2015 rookie draft, making his debut the following year.
He hasn’t played a game for the Swans in 2018, battling a toe injury and has played six games in the NEAFL. 
Foote joins the likes of fellow Swans Isaac Heeney and Heath Grundy who call the suburb home.
Luke Parker has recently sold his investment townhouse in Maroubra, the first property he bought when he was xxxx in 2013.
It was the year he stepped up from the subs bench to become a regular starter.
He paid $915,000 for the townhouse in 2013 and just finished a renovation before he listed through Belle Property Randwick agents Brooke Marshall and Lucas McKay.
This article was first published in the Saturday Telegraph. 
 
 
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