<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Mosman

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The iconic 1960s residence The Collins House, set above Mosman Bay Wharf, has been quickly snapped up having been listed for sale at $4 million.
The fibreglass landmark was built in 1976 by architect owners Ian and Roseanne Collins.
The <a href="https://www.domain.com.au/2b-mosman-street-mosman-nsw-2088-2013134196" target="_blank">2B Mosman Street property</a> featured in a recent Museum of Sydney exhibition curated by decor guru Karen McCartney as one of the 29 most important homes of the past six decades. 
The three-bedroom house, with rooftop terrace, last traded in 2007 for $1,855,000 when purchased by Bligh Advisory director Federico Pucci and Julia Pucci, project director of the refurbishment of the Sydney Theatre Company.
The listing was on the market for three weeks compared to the three months it took last time.
The rectangular Mosman Street home was built in 1978 using dry-jointed, prefabricated fibreglass wall panels to the couple's design. 
The top floor has an open-plan living and dining space plus an open-ended galley kitchen. Its elliptical windows have bush and harbour views.
The bedrooms are on the lower level with two rooms separated by twin bathrooms.
It was originally divided by bookcases to create four bedrooms for the family of seven.
Glass panels slide across an entire wall of the lower floor to take in the water views. It has underfloor heating and cooling is achieved by ponding water on the concrete roof.
The iconic house featured in Belle in 1978; the article was written by Betsy Walter with Lewis Morley photography.
It's also in Sydney Architecture, Graham Jahn's chronology from colonial days to the late 1990s.
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jchancellor-FAypfDUnLy

Fibreglass Collins House sold in Mosman

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Former bank chief Stuart Grimshaw and his wife Anneliese have put their Mosman home up for sale.
It follows their move to Austin, Texas.
Grimshaw was the Bank of Queensland chief executive until 2014 when he resigned to take up a job as executive chairman at the pawnbroking US EZCORP group.
<a href="https://www.realestate.com.au/property-house-nsw-mosman-124057046" target="_blank">The 1920s-era home</a> has views from Clontarf to North Head.
It was redesigned by French architect Guy de Compiegne when owned by San Francisco-based technology network boss Pascal Brochier and his interior architect wife Sue-Anne, who sold to the Grimshaws in 2011 for $4.85 million.
The four-bedroom home now has DA-approved plans for a BKH-redesign.
Dino Gatti, of Province expects more than $7 million at the December 3 auction.
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firstname1-iYD4UYzvBa

Former Bank of Queensland chief executive Stuart Grimshaw lists Mosman home

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<div class="cq-article-content-paras section">
The expatriate infrastructure guru Peter Hofbauer has secured the snappy sale of his Mosman home.
The six-bedroom Bradleys Head Road trophy home on 2244 sqm was listed only late last month with an asking price of between $15.5 million and $16.5 million through McGrath agents Michael Rava and Michael Coombs. 
It set a non-waterfront record for the suburb when it last sold at $7.15 million in 2001, but not this time.
Hofbauer, who was previously Babcock &amp; Brown's head of infrastructure, moved to London in 2007 where he now oversees infrastructure investments at Hermes, which is owned by BT Pension Scheme in London.
Mandolong House, one of Mosman's most coveted heritage estates, holds the inland record when selling at $18 million in 2012.
This article was first published in the Sunday Telegraph.
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Infrastructure guru Peter Hofbauer secures snappy Mosman sale

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Cricketer Mitchell Starc is set to list his Mosman home as like the rest of the test team he's taken to upgrading their trophy homes.
Starc was terrorising the South Africans on the first day of the Perth test when his representatives bought the North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.
The luxury new build home cost the 26 year old Baulkham Hills-born fast bowler a bullish $5,235,000.
Word leaked out of his purchase via the ABC Radio's commentary team on day two of the test. 
Designed by architect Koichi Takada, the five bedroom, three bathroom home had a resort style open plan living space that flows on to an alfresco dining area with views over the Lagoon and Ocean to North Head and Manly.
A luxurious outdoor seating area accompanies the infinity pool.
The interiors came with the predictably huge walk in wardrobe, which is large enough to act as a corridor to the master suite's bathroom.
The former Miss Universe and husband Jake, a builder by trade, paid $1.66 million in 2013 for the building block. Now he's set to listed his Mosman home.
Starc will now list his Mosman home.
It was bought for $4.55 million in 2014 with his Breakfast Point pad fetching $1,275,000.
Starc and his now wife, cricketer Alyssa had paid $960,000 in 2012. 
This article was first published in the Sunday Telegraph.
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Mitchell Starc buys at North Curl Curl from Jennifer Hawkins

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Channel 7 Sunrise sports presenter Mark Beretta has snappily sold his Mosman home.
<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/residential-for-sale/0000317562" target="_blank">Andrew Blaxland at Richardson &amp; Wrench Mosman/Neutral Bay</a> had set a November 15 auction, but sold on the weekend, just a week after it come onto the market with a price range of $4.85 million to $5.35 million.
Mark and wife Rachel have already upgraded once in the suburb and are tipped to be doing so again, perhaps closer to the beach.
They had bought their home in 2011, paying $2.8 million for the home that was built at the turn of the century for the Mosman mayor.
The now transformed Federation home on 659 sqm has five bedrooms, three bedrooms, a sunroom and a number of formal and informal living spaces over its two levels.
There are lovely leadlight window features. Rachel was apparently responsible for the nifty renovation which included relocating the kitchen.
Outside expansive limestone terraces and a private tranquil courtyard focus around the centre piece, the heated pool. 
There's been strong price growth with CoreLogic putting the median house price at around $3.2 million, up from the $2.2 million when the property last traded five years ago.
The street has seen three sales this year ranging from from $2.6 million to $6.85 million.
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Sunrise's Mark Beretta snappily sells Mosman home

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Channel 7 Sunrise sports presenter Mark Beretta has listed his Mosman home, though not to head back to his boyhood city Geelong.
Mark and wife Rachel have already upgraded once in the suburb and are tipped to be doing so again, perhaps closer to the beach.
Andrew Blaxland at Richardson &amp; Wrench Mosman/Neutral Bay has set <a href="https://www.realestate.com.au/property-house-nsw-mosman-123905194" target="_blank">a November 15 auction</a> with a price range offered to yesterday's initial open for inspection of $4.85 million to $5.35 million.
Some 20 couples went through the home with the advertisement only posted on realestate.com.au late Friday.
Mark has listed the home at a strong time in the Mosman prestige market.
They bought their home in 2011, paying $2.8 million for the home that was built at the turn of the century for the Mosman mayor.
The now transformed Federation home on 659 sqm has five bedrooms, three bedrooms, a sunroom and a number of formal and informal living spaces over its two levels.
There are lovely leadlight window features. Rachel was apparently responsible for the nifty renovation which included relocating the kitchen.
Outside expansive limestone terraces and a private tranquil courtyard focus around the centre piece, the heated pool. 
Mark has been effusive in his praise for the suburb, saying it was safe and secure. There's also been strong price growth with CoreLogic putting the median house price at around $3.2 million, up from the $2.2 million when the property last traded five years ago.
The street has seen three sales this year ranging from from $2.6 million to $6.85 million.
Last week's Mosman sales activity saw the former Cockatoo Coal executive chairman Mark Lochtenberg snappily sell his home in just 12 days.
The four bedroom Edwards Bay Road home came with a price guide of $6.5 million to $7 million through McGrath Estate Agents.
He bought it from former Elle editor-in-chief and co-founder of Hush Communications Debbie Coffey and photographer husband Ross for $5.8 million in May last year.
This article was first published in the Sunday Telegraph.
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Sunrise's Mark Beretta lists Mosman home

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Former Cockatoo Coal executive chairman Mark Lochtenberg has sold his Mosman home in just 12 days as he sets to make a quick flip on the property.
Bought for $5.8 million last May, <a href="https://www.realestate.com.au/property/20-edwards-bay-rd-mosman-nsw-2088" target="_blank">the four bedroom Edwards Bay Road home</a> came with a price guide of $6.5 million to $7 million through McGrath Mosman agents Michael Coombs and Adrian Bridges.
He bought it from former Elle editor-in-chief and co-founder of Hush Communications Debbie Coffey and photographer husband Ross.
Mark had made a big profit just a month before the purchase, selling his Curraghbeena Road home for $16 million after paying $6.5 million for it in 2003.
He's added a north facing deck, a wine cellar and a few other structural fixes.
Set on 697 sqm, the home just minutes from Balmoral Beach was designed by Corben Architects and features a glass fronted, resort-style, gas heated swimming pool.
Lochtenberg is planning to move closer to the city.
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j.ballantyne1990-6AQqhLzZaK

Snappy Mosman trophy home sale 

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A modernistic seven bedroom home on the Balmoral Slopes has been sold for $11.95 million at auction.
<a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-123616714" target="_blank">The Kirkoswald Avenue property</a> of 2215 sqm was initially listed with $15 million plus hopes by the retired engineer Derry Hill.
The three-storey residence was built in the late 1960s by property developer Syd Fischer, who sold it to Hill and his late wife Dimity in 1985 for $1,375,000.
It is set on two titles of 2215 square metres.
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Mosman home sold for $11.95 million at auction

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Morella, the unliveable late 1930s Mosman timewarp mansion that has sat idle for 15 years, has been sold for $6.6 million to Edward Wei.
There were two competing bidders. It sold after the top bidder raised his $6.4 million bid and the vendor reduced their reserve. 
More than $7.3 million was being sought through <a href="https://mnb.ljhooker.com.au/2MAXF6N/5-morella-road-mosman" target="_blank">LJ Hooker agent Geoff Smith</a> under instructions of Chew Hong Ho, the former carer who was named in Anthony Parer's obituary as his "loving partner." 
Anthony's distraught younger sister, Mariana, who has been intent on contesting the estate which includes Dungog cattle farms, came from Canada to attend the auction.
This article was first published in the Saturday Daily Telegraph.
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1930s Mosman timewarp mansion sold

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Economist Heather Ridout, who sits on the board of the Reserve Bank of Australia, and her lawyer husband Peter, have finally sold having reduced their sale price expectations for their Mosman home.
The Little Street house came with $7.75 million to $8.5 million hopes through LJ Hooker Lower North Shore agents Bernard Ryan and Geoff Smith.
<a href="https://mnb.ljhooker.com.au/2KS4F6N/3-little-street-mosman" target="_blank">Set in vast 1,220 sqm gardens,</a> the five bedroom home was initially listed with $9 million hopes in January this year.
The family Federation with revived interiors from Espie-Dods has a number of stately formal rooms that open to a traditional terrace through French doors.
A lower level billiard rooms spills out to the level lawn, courtyard and in-ground swimming pool.
The gourmet marble kitchen and informal living spaces reside under a soaring cathedral ceiling.
The couple are keen to downsize given their children have long left the nest.
Records show they bought the home for $1,025,000 back in 1984, having sold their Clifton Gardens home for $875,000 the same year. 
In 1988 they paid $210,000 for a Pearl Beach weekender, just before the 1990 recession hit. They offloaded the home for $205,000 four years later.
Heather has been a member on the Reserve Bank Board since 2012 and her present term will end February next year.
She spent most of her career as chief executive of the Australian Industry Group.
Ridout was dubbed the 21st member of Cabinet during the leadership of former prime minister Kevin Rudd.
This article was first published in the Saturday Daily Telegraph.
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