Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Millers Point, Sydney

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Property NSW, on behalf of Family and Community Services, has sold the final two apartment blocks on Dalgety Road as part of the Millers Point sales program.
The two-storey federation style apartment blocks, featuring a mix of two and three bedroom units, were sold via auction by Sydney’s Sotheby’s International Realty and Savills Australia.
27-29A sold for $4.35 million and 31-33A sold for $4.325 million.
Also sold at auction on Saturday, was 117 Kent Street. The four-bedroom, two-bathroom terrace split over four levels achieved a sale price of $2.55 million. 
There are four properties left to sell as part of the Millers Point sales program. A total of 187 sales have been managed by Property NSW in Millers Point since 2014.
Conservation Management Plans (CMPs) endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties. These contracts ensure new property owners are fully informed of their obligations and responsibilities when purchasing a heritage listed property.
Proceeds from the Millers Point sales program have delivered over $603 million for investment in social housing developments in NSW.
As of July 2018, a total of 1,101 units have been completed and 280 units are currently under construction using proceeds from the Millers Point sales.
Developments are occurring in areas of identified need for social housing, including Bankstown, Canterbury, Liverpool, Fairfield, the Sutherland Shire and Wollongong areas. New social housing is also under construction in Coffs Harbour and North Richmond. 
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Just four to go in State Government Millers Point sell off

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Property NSW, on behalf of Family and Community Services, has today launched the sale of the final two apartment blocks on Dalgety Road as part of the Millers Point sales program.
Located at <a href="https://www.commercialrealestate.com.au/property/27-29a-31-33a-dalgety-road-millers-point-nsw-2000-2014515280" target="_blank">27-29A Dalgety Road and 31-33A Dalgety Road</a> (pictured above), these two-storey "federation style" apartment blocks are a mix of two and three bedroom units with verandas to the street and rear yards.
Situated on the western side of Dalgety Road, the properties are located within short walking distance to the Barangaroo Reserve, Walsh Bay Arts Precinct, Circular Quay and the CBD.
The properties are to be marketed by Sydney Sotheby’s International Realty and Savills.
Auctioning of these blocks is set for the August 22.
Including the two apartment blocks on Dalgety Road, there are six properties left to sell as part of the Millers Point sales program.
A total of 184 sales have been managed by Property NSW in Millers Point since 2014.
Proceeds from the Millers Point sales program have delivered over $591 million for investment in new social housing developments in NSW.
As of May 2018, a total of 977 units have been completed and a further 255 units are currently under construction as a direct result of proceeds received from Millers Point sales.
Developments are occurring in areas of identified need for social housing, including Bankstown, Canterbury, Liverpool, Fairfield, the Sutherland Shire and Wollongong areas.
New social housing is also under construction in Coffs Harbour and North Richmond. 
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Final two Dalgety Road, Millers Point apartment blocks for sale

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The NSW Government's sell off of historic Millers Point properties continues, with three more fetching just over $20 million at a recent auction.
The sell off began in August 2014, which has now seen 153 properties sold for a total over $483 million.
The latest properties sold were on High Street at Millers Point.
The priciest was a block of eight Federation-style two bedroom units at <a href="https://www.realestate.com.au/sold/property-unitblock-nsw-millers+point-128105306" target="_blank">22-28A High Street</a> (above) which sold for $9.6 million.
Another block of four Federation-style units down the road at <a href="https://www.realcommercial.com.au/property-other-nsw-millers+point-502778814" target="_blank">18-20A High Street</a> (below) sold for $5,106,000 on the night.
The third block of four three bedroom units at <a href="https://www.realestate.com.au/sold/property-unitblock-nsw-millers+point-128116818" target="_blank">5-7 High Street</a> sold for $5,605,000 through Sydney Sotheby's.
<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/2018/5/22/HIGH-STREET-MILLERS.jpg" alt="">
McGrath handled the sales of the other two properties.
There were a total of nine registered bidders across both properties.
Agent Andrew Stewart said similar blocks in High Street and its surrounds have now been restored and are achieving solid investment returns.
“The rental market in Millers Point continues to strengthen as more people become aware of the suburb and what it offers," Stewart noted.
"While in the past the suburb was predominately social housing, it’s now evolving into one of Sydney’s most sought after residential destinations with a mix of owner occupiers and rental properties.”
McGrath agent Peter Starr said that long term investors recognised that the Millers Point precinct offered substantial medium to long term capital gain opportunity, with the pool of potential tenants from Barangaroo (30,000 when complete) a significant drawcard.
 
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Latest Millers Point offerings fetch over $20 million

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Stevens Buildings in Millers Point, the first residential apartment building to be constructed in New South Wales, has fetched $10.05 million in its auction through Property New South Wales.
The <a href="http://commercialpropertysearch.savills.com.au/160c629a-58c3-e711-80d1-005056816353/Sale/Millers-Point/73-Windmill-Street,-Millers-Point" target="_blank">Windmill Street building</a>, designed by architect Joseph Alexander Kethel, comprises 11 apartments with views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.
There are nine one bedroom apartments and two two bedroom apartments, with open balconies to each level. The ground floor apartments have their own courtyards.
It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel.'
<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/2017/11/28/Stevens2.jpg" alt="">
The property (above) was marketed by Savills agents Rob Lowe and David Hickey in conjunction with Sotheby's.
They had a $9 million to $9.5 million guide for its auction, with it sold in one line. 
An entire row of period terrace duplexes has also been sold off by Property NSW on behalf of Family and Community Services as part of the Millers Point sales programme to fund social housing.
The building, 74-80a High Street, comprises eight two-bedroom period terrace duplexes divided into two blocks each comprising four apartments on a 539 sqm island site. 
74-80a High Street (below) was expected to fetch about $8 million to $8.5 million, and sold at $9.8 million.
The block is one of a group of early twentieth century workmen’s apartments built by the Sydney Harbour Trust in the early 1900’s.
<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/2017/11/10/74-80aHighSt.jpg" alt="">
There is scope to transform the apartments to their original condition, subject to Conservation Management Plan (CMP). 
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$10 million paid for Sydney's first apartment block at Millers Point

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The final sales of the year in the Millers Point Property NSW government sell off brought in nearly $23 million last night.
The total, $22,901,000, was spread across seven properties (below). The biggest sale of the night was an 1820 Argyle Place landmark (above) that fetched $6.3 million. It had a $5 million to $5.5 million guide.
The selloff has now seen McGrath sell over $441 million worth of Millers Point properties since August 2014. They've had a 100 percent clearance rate across the 144 dwellings.
McGrath executive director John McGrath spoke on the continual strong results.
“Last night was a very strong result for the Millers Point portfolio which highlights how demand for high quality property continues, despite the residential market levelling off this year.
"Our 100% auction clearance rate to date is an amazing result and a testament to the hard work of the entire team.
“Millers Point is fast becoming Sydney’s most desirable address and will continue to rise in value from here into the future.
"With Barangaroo, Sydney Harbour and the CBD as its neighbours plus the Sydney Theatre Company and Opera House in its backyard, it now sits amongst the best addresses in the world.”
The properties were marketed by Lorraine Crawford, Peter Starr and Andrew Stewart of McGrath Edgecliff.
46-48 Argyle Place had healthy bidding from two buyers who appreciated the heritage significance and the potential for it to be a grand home with parking on a large block in the beautiful suburb of Millers Point.
Throughout 2017 McGrath sold 41 properties as part of the Millers Point Sales Program, comprising several blocks of units, terraces and apartments.
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The highest price achieved this year was $26 Million in September for the historic Workers Dwellings in Millers Point.
The block compromised 33 apartments in four buildings and sold to a well-known property group. McGrath Edgecliff agent Peter Starr, who managed the sale, said the result demonstrated the ongoing confidence in the future of Millers Point and the long-term capital growth anticipated.
The properties were auctioned with the following results:
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<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126909682" target="_blank">46-48 Argyle Place</a>, Millers Point, NSW - Sale price: $6,300,000
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126904814" target="_blank">70-72A High Street</a>, Millers Point, NSW - Sale price: $5,100,000
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126903786" target="_blank">125 Kent Street</a>, Millers Point, NSW - Sale price: $3,030,000
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126903586" target="_blank">88 Kent Street</a>, Millers Point, NSW - Sale price: $2,780,000 
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126910846" target="_blank">61 Windmill Street</a>, Millers Point, NSW - Sale price: $2,410,000
<a href="https://www.realestate.com.au/property-house-nsw-millers+point-126907586" target="_blank">40 Merriman Street</a>, Millers Point, NSW - Sale price: $1,606,000
<a href="https://www.realestate.com.au/property-terrace-nsw-millers+point-126906042" target="_blank">42 Merriman Street</a>, Millers Point, NSW - Sale price: $1,675,000 
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Final batch of Millers Point properties sold in 2017

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Stevens Building in Millers Point, the first residential apartment building to be constructed in New South Wales, is the next on the Property New South Wales sell-off.
The <a href="http://commercialpropertysearch.savills.com.au/160c629a-58c3-e711-80d1-005056816353/Sale/Millers-Point/73-Windmill-Street,-Millers-Point" target="_blank">Windmill Street building</a>, designed by renowned architect Joseph Alexander Kethel, comprises 11 apartments with views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.
There are nine one bedroom apartments and two two bedroom apartments, with open balconies to each level. The ground floor apartments have their own courtyards.
It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel.'
<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/2017/11/28/Stevens2.jpg" alt="">
The property is being marketed by Sydney Sotheby's agent Richard Shalhoub in conjunction with Savills agents Rob Lowe and David Hickey.
They have a $9 million to $9.5 million guide for its December 14 auction. It is to be sold in one line. 
An entire row of period terrace duplexes will also be sold on the day.
As of August, 655 new social housing dwellings have been completed and 422 dwellings are under construction, Property NSW said in a media release.
 
 
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Sydney's first residential apartment building listed for sale in Millers Point

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Two residential properties in the historic suburb of Millers Point, including Sydney’s first ever walk-up apartment building and an entire row of period terrace duplexes, will be sold through auction on December 14.
There is a price guide of $9 million to $9.5 million, which will be the second most expensive Millers Point disposal, after a block of 12 apartments at 44-48 Merriman Street and 56-62 Bettington Street sold for $12.3 million in 2016.
They are being sold off by Property NSW on behalf of Family and Community Services as part of the Millers Point sales programme to fund social housing. So far, the sales have delivered more than $467 million.
As of August, 655 new social housing dwellings have been completed and 422 dwellings are under construction, Property NSW said in a media release.
‘Stevens Buildings’ at 73 Windmill Street (picture above) is of architectural importance and is recognised by the NSW Trust as the first residential apartment building to be constructed in NSW.
Designed by renowned architect Joseph Alexander Kethel (1866-1946), the heritage building sits on a 1,802 sqm site and comprises 11 apartments (nine x one bedroom and two x two bedrooms) capturing views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.
It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel’ and was the first walk-up block of flats in Sydney.
Some apartments offer dual aspect and flow through. All have open balconies with the ground floor with its own courtyard.
The other building, 74-80a High Street, comprises eight two-bedroom period terrace duplexes divided into two blocks each comprising four apartments on a 539 sqm island site. 74-80a High Street is expected to fetch about $8 million to $8.5 million.
The block is one of a group of early twentieth century workmen’s apartments built by the Sydney Harbour Trust in the early 1900’s.
<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/2017/11/10/74-80aHighSt.jpg" alt="">
There is scope to transform the apartments to their original condition, subject to Conservation Management Plan (CMP). The solid brick construction boasts deep verandahs, spacious kitchens, living and dining areas, with the first floor duplexes also comprising roof-top drying terraces with panoramic views across Barangaroo, Balmain and Darling Harbour.
Both addresses will be sold in one line (separately) via public auction through Robert Lowe and David Hickey of Savills Australia and Richard Shalhoub of Sotheby’s International Realty on behalf of Property NSW.
“This is a truly unique occasion for investors and developers alike to own a piece of Sydney’s rich heritage” said Robert Lowe of Savills.
Richard Shalhoub of Sotheby’s International Realty added that there was potential to transform the 1900’s historical masterpiece ‘Stevens Buildings’ into luxurious residences.
“There is actually tremendous scope to restore and transform both assets which are zoned as R1 General Residential, which will provide housing needs for the community and maintain the existing land use pattern of predominately residential use and we expect interest from both local and offshore investors and developers” he continued.
Separately, McGrath Estate Agents have also started marketing the following properties that are to be auctioned on December 6:
<ul>
<li>40 Merriman Street - one bedroom terrace</li>
<li>42 Merriman Street terrace - one bedroom terrace</li>
<li>125 Kent Street - four-bedroom terrace</li>
<li>46-48 Argyle Place - five-bedroom terrace</li>
<li>88 Kent Street terrace - four-bedroom terrace</li>
<li>61 Windmill Street terrace  - three-bedroom terrace</li>
<li>70-72 High Street - block of four apartments, each with 2 bedrooms</li>
</ul>
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prateek24-ezbwHMbNAk

Sydney’s first walk-up block of flats for sale in Millers Point

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A total of 655 new social housing dwellings have been completed and 422 dwellings are currently under construction as a result of the Millers Point sales, as of August 2017.
These fit-for-purpose dwellings are located in a number of areas across the State including Coffs Harbour, Penrith, Jannali and Wollongong.
The latest Millers Point offerings listed by Property NSW, on behalf of Family and Community Services, is a row of two-storey federation-style apartment blocks.
Located at <a href="https://dalgetyroad.com.au/" target="_blank">15-35 Dalgety Road</a>, the six apartment blocks feature verandas to the street and rear yards.
Each block delivers a mix of two and three bedroom apartments.
Situated on the western side of Dalgety Road, the properties are conveniently located within short walking distance to the Barangaroo Reserve, Walsh Bay Arts Precinct, Circular Quay and the CBD.
The apartments will be sold individually as five blocks of four apartments and one block of two apartments.
The properties are marketed by McGrath Estate Agents, via Expressions of Interest closing November 6.
Earlier this month auctions saw seven terrace properties selling under the hammer for a combined $18,741,000.
Commenting on the continued 100% success rate, McGrath agent Lorraine Crawford said it was a very successful night with competitive bidding across all seven properties.
There were 28 registered parties placing 432 bids on the night.
 
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Millers Point sales triggers 655 new social housing dwelling completions

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The latest Millers Point auctions saw seven terrace properties selling under the hammer for a combined $18,741,000.
To date, McGrath has sold 136 properties with a total value of over $415 million, as part of the Millers Point sales program.
Commenting on the continued 100% success rate, McGrath agent Lorraine Crawford said it was a very successful night with competitive bidding across all seven properties.
There were 28 registered parties placing 432 bids on the night.
The sales included:
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment/nsw/sydney-cbd/the-rocks/352262" target="_blank">52 Gloucester Street</a>, The Rocks, NSW
$2,000,000
<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/2017/10/12/52%20Gloucester.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356664" target="_blank">5 Windmill Street</a>, Millers Point, NSW
$2,400,000
<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/2017/10/12/5%20Wind.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356671" target="_blank">63 Kent Street</a>, Millers Point, NSW
$2,530,000
<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/2017/10/12/Kent5.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/331234" target="_blank">85 Lower Fort Street</a>, Millers Point, NSW
$2,570,000 
<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/2017/10/12/85%20Lower%20Fort.jpg" alt=""> 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/326256" target="_blank">75 Windmill Street</a>, Millers Point, NSW
$2,680,000
<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/2017/10/12/75%20Wing.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356667" target="_blank">30 Kent Street</a>, Millers Point, NSW
$3,000,000
 <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/2017/10/12/Kent.jpg" alt="">
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/sydney-cbd/millers-point/356670" target="_blank">26 Argyle Place</a>, Millers Point, NSW
$3,561,000
<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/2017/10/12/26%20Argyle.jpg" alt="">
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Millers Point terraces sold for $18.7 million total

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Smarta Property, a Double Bay-based developer, has bought the historic 33-unit Workers Dwellings building in harbourside Millers Point for $26 million which it hopes to convert into luxury apartments. 
Its plan is to refurbish the property, turning it into luxury dwellings.
The developer bought the three-storey block of 33 apartments from the NSW government as part of its public housing sell-off to fund affordable housing.
The Workers Dwellings were originally built by the Sydney Harbour Trust circa 1910 for wharf labourers, storemen, stevedores and gasworks hands. 
The $26 million transaction is the largest so far in the Millers Point sales programme, through which the government has raised $448 million, according to The Australian.
The government selloff is also resulting in the gentrification of Millers Point, with the suburb transforming into an elite club.
Lawyers and real estate executives are making multimillion-dollar purchases of former hous­ing commission terraces and units and turning them into exquisite inner-city mansions.
Smarta Property, run by brothers Luke and Andrew Veron, has a history of refurbishing apartment blocks but this will be its most significant project. 
Located between 30 Lower Fort Street and 4 Trinity Avenue, the apartments are being designed to house the professionals working in the nearby Barangaroo precinct.
Smarta plans to restore the homes, bringing them up to an ultra-modern standard and selling them off within 18 months.
Any refurbishments of the historic properties must be in line with the  conservation guidelines endorsed by the NSW Heritage Council.
“We’re going to renovate, strata them, and sell them off individually,” director Luke Veron said.
Of the 33 apartments, 21 are three-bedders while the rest are one-bedroom units.
Following closure of a public tender process, the historic building was sold via negotiations managed by Peter Starr, Lorraine Crawford and Andrew Stewart of McGrath.
The project fits with Smarta’s focus on boutique projects. Recent developments include eight units in waterside Balmain and a 36-unit block in Lilyfield.
The apartments were sold in one line, rather than as four separate lots of units, as the greatest value could be realised by one developer.
With more properties being offered at Millers Point, more Barangaroo executives are tipped to chase the remaining real estate in the harbourside enclave.
“It’s going to be beautiful,” Starr said, citing London’s exclusive Knightsbridge and Kensington districts as points of comparison.
“This is the oldest suburb in Australia — but it hasn’t been in private ownership since around 1900,” he said.
The latest batch of properties will be auctioned on October 11.
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