Construction has commenced&nbsp;<a href="https://www.apartments.com.au/new-apartments/kew-palm-house-bellevue-hill-88-birriga-road-bellevue-hill-nsw-2023">Kew Palm House</a>, marking a significant milestone for the boutique Bellevue Hill apartment project on one of the suburb's best streets.

Developer <a href="https://www.apartments.com.au/developers/kew">KEW</a> recently hosted the traditional ground-breaking ceremony, joined by key project partners, officially turning the soil on what will become one of Bellevue Hill's most impressive new developments in one of&nbsp;Sydney’s most tightly held residential markets.

[smartcode_project:default project_id=133966 project_image_fid=352214]

Set across two low-rise buildings on the dress circle Birriga Road, Kew Palm House will deliver a mix of 16 two-, three-, and four-bedroom residences, including whole-floor homes and penthouses, responding to sustained demand from downsizers and owner-occupiers seeking high-quality apartment living without leaving the suburb.

The project occupies an amalgamated 3,000 sqm site bordering the Royal Sydney Golf Club, a rarity for new apartment development in <a href="https://www.apartments.com.au/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>.

Architecture by Woods Bagot takes a townhome-inspired approach, with finely detailed façades and layered massing designed to sit comfortably within the established streetscape.

[smartcode_project:default project_id=133966 project_image_fid=352216]

The buildings are surrounded by landscaped gardens by <a href="https://www.apartments.com.au/landscape-architect/dangar-barin-smith">Dangar Barin Smith</a>, with communal pathways leading to a pool house and shared alfresco spaces intended to support a quieter, more residential form of apartment living.

Interiors will feature natural materials including travertine, stone and engineered timber, alongside V-ZUG kitchen appliances, with layouts prioritising generous proportions, privacy and indoor-outdoor connection.

Each residence has been designed to maximise natural light while maintaining separation from neighbouring homes.

[smartcode_project:default project_id=133966 project_image_fid=352222]

Kew Palm House forms part of KEW’s growing Eastern Suburbs portfolio under the Positive Investment Enterprise group. It follows the completion of Kew Bondi on Bondi Road, with Kew Hillcrest in Rose Bay also currently under construction. Palm House reflects the developer’s longer-term commitment to Bellevue Hill, where opportunities for new, design-led apartment projects remain limited.

Kew Palm House is targeting completion in late 2027, with construction to be delivered by Harvestland Construction. KEW also has Kew Hillcrest in Rose Bay under construction, just five luxury apartments near the beach.

[smartcode_project_cta:default project_id=133966]

Staff Writer

Construction commences at Kew Palm House in Bellevue Hill

Brisbane-based <a href="https://www.apartments.com.au/developers/spyre-group">Spyre Group</a> is continuing to bolster its impress SEQ development pipeline with one of its most ambitious projects to date.

The developer, led by Daniel Laruccia and Andrew Malouf, is planning just over 300 apartments across three towers on the prized beachfront side of Main Beach Parade in Main Beach.

The prized 3,344 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/3640-main-beach-parade-main-beach-qld-4217">3640-3642 Main Beach Parade</a> also fronts Stafford and Montgomery Avenue and will offer street-level hospitality.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="18bfcdb3-b958-4b20-a85b-c61e3dbf81b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Spyre%20DA%20pers.png?VersionId=QvGNOHg6KDoScJZw2nAkvbun0DT2gUn1" />

The project has been designed by New Zealand-based architecture firm Monk Mackenzie, whose scheme references the fluidity of coastal forces. The smallest tower will be 37 storeys, with the other two topping out at 41 storeys. The sculptural form intends to "resonate with the site's unique peninsular position between the Coral Sea and the Broadwater."

The southernmost tower will have just 59 four-bedroom apartments, above two food and drinks venues. Towers two and three, the tallest, will have 125 two- and three-bedroom apartments in each.

“The towers stand not in opposition to the dynamic coastal landscape, but in dialogue with it,” the architects wrote in their Design Report.

“Like tide posts embedded in sand, they register change. The movements of water, light, air, and human circulation gather and disperse around them”.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="cb2f3eb7-c517-47e5-afc8-01685c658a82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20podium.png?VersionId=hYe0w7UBEVNY7LPcoK9PnO9myEGn_xES" />

The podiums of each tower will feature landscaped communal open spaces, pools, and active wellness zones with spas, saunas and gyms with outdoor areas, as well a cinema and dining spaces.

Spyre's application describes the site as “uniquely positioned” to accommodate such scale, noting its separation from other towers, underutilised status, and alignment with the Gold Coast’s Light Rail Urban Renewal overlay. The staging strategy allows the towers to be delivered independently. Before it's amalgamation to make it a larger site, Spyre had approved plans for MARI, a 19-storey building with 15 apartments

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="ef40ca57-1c77-4568-a8aa-91c742334bef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20amenities.png?VersionId=BcaHvU4UeLkabtNlqydmvkuTEyuYmpft" />

Spyre’s wide-ranging portfolio includes Watts &amp; Wright in Bulimba, Moray House in New Farm, and ARC Residences in Toowong, all of which are approaching completion. It also includes Hampden Ltd in Melbourne’s Bayside, marking the company’s first project in Victoria’s capital.

Spyre has previously achieved significant success on the Gold Coast, setting region-breaking records at Glass House by Spyre in Burleigh Heads, where apartments sold for $24 million and $24.54 million. Cala Dei in Coolangatta also sold out in record time.

Spyre will soon launch Echo by Spyre, a boutique development of just nine villas in Tugun.

Joel Robinson

Spyre's three-tower beachfront plans for Main Beach

IPM Property is progressing plans for its third development in Mona Vale in Sydney's Northern Beaches, and its latest will be the biggest yet.

IPM, led by Steven Sroba and Chris Webster, has filed a State Significant Development Application to the NSW Government's Housing Delivery Authority for 82 apartments on a prime 6,122 sqm site stretching across <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and just under 800m from Mona Vale town centre.

They've had <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> draw up the plans for the three-building development which will offer a mix of 26 two-bedroom units and 56 three-beds with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>.

According to the Design Report by PBD, the built form "responds to the site’s natural fall, solar orientation, and established vegetation, creating a layered architectural expression that balances scale, materiality, and landscape”.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="44040ed2-13c6-4f18-8326-a51467cb8532" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mona%20vale%20pers.png?VersionId=4H1gEiyyCX2yT_fYV6kAdWaaVlCttC6P" />

The proposal aims to maximise passive design outcomes, with the site’s northern orientation supporting solar access and cross-ventilation. Building footprints have been shaped to preserve high-retention trees and accommodate an overland flow path, which runs diagonally through the rear of the site.

The development includes several sustainability initiatives, such as full electrification, EV charging provisions, and generous communal open spaces integrated across the ground and rooftop levels. As outlined in the planning documents, the buildings have been stepped in both plan and elevation to reduce bulk and provide separation to adjacent dwellings, in line with the Apartment Design Guide and local controls.

The project site falls just within the 800-metre radius covered by the NSW Government’s Low and Mid-Rise Housing Reforms, which entered their second stage in February 2025. These reforms introduce specific planning controls that significantly increase the potential for medium-density housing growth within 800 metres of the Mona Vale town centre.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="5df61e6d-0696-4c1e-81c2-8d3535228878" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_9.png?VersionId=vWjI2oCZhAkCPKv4xMEVLdVNkn.keD6_" />

IPM has been active in the local market for several years. Its recent projects include Maya on Bungan Street near the town centre, a 33-apartment development completed in late 2024, and Iluka on beachfront Golf Avenue, a boutique project of just 14 apartments. Iluka set a local record in 2021 when a full-floor, three-bedroom apartment sold off the plan for $4.775 million.

Nearby in Palm Beach, IPM is also delivering Snappermans, a collection of just five luxury apartments designed by Koichi Takada Architects, located steps from Pittwater. The developer has also recently completed Como Coogee, a 20-apartment development on Carrington Road.

First look: IPM plans third Mona Vale project

With demand for high-quality family homes in the inner west continuing to rise, young families are increasingly turning to new forms of multi-generational living.

At <a href="https://www.apartments.com.au/buildings/ashbury-terraces-ashbury-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a>, Nikki Pham and Danny Lai are among the growing number of residents choosing the precinct for its space, design integrity and strong sense of community.

For Nikki and Danny, purchasing a three-storey terrace was about securing a long-term home for their young family. Having spent most of their lives in the inner west, they first discovered the project while it was under construction.

“We walked past and had a look during the build and instantly felt the vibe. It had everything we were looking for,” said Nikki.

A return to green, open spaces was a major drawcard after living closer to the CBD.

“We like going for walks, and here it feels like a mini oasis while still being central to everything we need,” she said.&nbsp;

[smartcode_project:default project_id=112253 project_image_fid=354944]

Inside, the couple were immediately drawn to the craftsmanship.&nbsp;

“I love the Calacatta marble and timber detailing. If I’d designed it myself, these are exactly the fittings and fixtures I would have picked,” Nikki said. “There’s actually very little I’d change.

“We’ve found the craftsmanship has been great and I believe the beautiful arches and curves, including on our stunning staircase, are all made by hand.”

Since moving in with their seven-month-old baby in mid-August, the family has been making the most of the amenities, especially the pool.&nbsp;

“We love using the shallow area with the baby. It’s great for kids, and the sunbeds are perfect when it’s not too hot,” Danny said.

[smartcode_project:default project_id=112253 project_image_fid=354939]

The home features kitchen, living and dining areas on the ground floor with courtyard access to the pool, two bedrooms and a study on the middle level, and a master suite on the top floor. The proximity to local parks, childcare, and schools also made it an easy choice.

Nikki has noticed the project is sparking interest from the extended families of new residents.&nbsp;

“Several of our neighbour’s parents have now bought here too. It’s ideal for multi-generational living because everyone has their own space but you’re still close by.”

<h2>A growing trend in the inner west</h2>

Aras Labutis, Head of Urban Transformations at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said families like Nikki and Danny’s reflect a broader shift.

“Ashbury Terraces was designed for families at different life stages who want to stay connected to the inner west, including multi-generational households," Labutis said.

"Some terraces even include lifts, which make them ideal for older residents who want to remain independent while living close to children or grandchildren."

[smartcode_project:default project_id=112253 project_image_fid=354936]

Recent ABS data shows around one in five Australian households is now multigenerational, following a 22 per cent rise in the five years to 2021.

“The demand we’re seeing aligns with broader national data showing ongoing growth in multi-generational living as families look for practical, long-term solutions in well-connected suburbs.”

<h2>Milton Estate launches as the precinct’s next chapter</h2>

Following this strong response, Coronation is now registering expressions of interest for Milton Estate, the next evolution of the precinct. Strong sales and sustained interest in family-focused inner west homes have underpinned the decision to bring this next stage to market sooner than anticipated.&nbsp;

[smartcode_project:default project_id=112253 project_image_fid=358839]

The new collection continues the same design principles, quality materials, heritage sensitivity and family-focused layouts, and its launch reflects demand from both local buyers and extended families who want to remain part of the growing community at Ashbury Terraces.

<h2>A new neighbourhood taking shape</h2>

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, and brought to life with landscaping by <a href="https://www.apartments.com.au/landscape-architect/360-degrees-landscape">360 Degrees</a>, Ashbury Terraces comprises 136 residences across five low-rise buildings, supported by amenities including a pool, gym and landscaped communal spaces.

For Nikki and Danny, it already feels like a place to grow for years to come.

“We’ve found great childcare nearby, and Ashbury Primary and Trinity Grammar are within easy reach. There are other excellent public and private school options too,” Nikki said.

“It’s hard to find something like this in the Inner West,” she added. “It’s certainly unique in <a href="https://www.apartments.com.au/developments/ashbury-nsw-2193">Ashbury</a>. We’ve got everything we need here and it already feels like home.”

[smartcode_project_cta:default project_id=112253]

Ashbury Terraces proves a perfect fit for growing families and multi-generational living

An exclusive collection of luxury Sky Homes featuring sweeping water views, each with their own private rooftop terrace and marina berth, are part of the latest release at Lewis Land’s visionary <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplanned community.&nbsp;

The Sky Homes, which sit within the Signature Collection, have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;and&nbsp;feature contemporary light-filled coastal interiors, accented by natural textures of timber and stone. The homes range from 282 sqm to 367sqm and offer three bedrooms, three bathrooms, multiple living zones, three car parks, large private balconies, and their own rooftop terraces. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359204]

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the three double-storey Sky Homes occupying the &nbsp;upper levels of The Waterline apartment building formed part of the masterplan’s Signature Collection of &nbsp;luxury residences. &nbsp;

“The exclusive Sky Homes are more than penthouses, they are double-storey homes featuring expansive living spaces and outdoor terraces,” Mr Long said.&nbsp;

“Located on levels five and six of The Waterline, each Sky Home includes its own private marina berth with direct Broadwater access and carefully curated high-end finishes throughout.”&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359206]

The launch of The Signature Collection coincides with the milestone topping out of The Waterline, the first of three residential collections being delivered in the first stage of Harbour Shores.&nbsp;

Residents will also have access to a private pool and other resident-only amenities including a large &nbsp;lagoon pool, social clubhouse, tennis court, gym, yoga and sauna facilities. &nbsp;

Prices for the Sky Homes start from $3.65 million. &nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

The Signature Collection also features The Residences, an exclusive release of six premium waterfront villas, positioned directly on the 1.2km waterfront boardwalk.&nbsp;

The Residences offer more than 350 sqm of contemporary living with premium finishes throughout and &nbsp;dining spaces that flow seamlessly to the outdoor entertaining area on the ground floor. Each have their own private plunge pool overlooking the water, and a private marina berth.

All villas include two secure car parks and residents have access to the extensive amenities within the broader precinct. Prices start from $3.05 million. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290030]

Harbour Shores is a resort-style community focused on lifestyle and wellness where neighbourhoods &nbsp;are connected by extensive landscaping, green spaces and pedestrian networks, including a 1.2- kilometre waterfront boardwalk.&nbsp;

Boasting a 6 Star Green Star Communities V1.1 rating, the highest level of sustainability of any project &nbsp;on the Gold Coast, Harbour Shores will deliver more than 2,000 homes over the next decade.&nbsp;

Colliers is marketing Harbour Shores, and has seen significant demand from local owner-occupiers.

[smartcode_project_cta:default project_id=113271]

Lewis Land unveils Harbour Shores’ double-storey sky homes with private marina berths

Mount Eliza

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A custom built beachside home in Mount Eliza, Victoria has hit the market with $3.85 million hopes. 
The five bedroom, two bathroom house is sitting on an 816sqm block <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-133338210" target="_blank">3 Rendlesham Avenue</a>. 
Sitting on an 816sqm block, the  home comes with gourmet kitchen, two living zones, entertaining terrace and gas-heated pool. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/mount%20eliza%202.jpg" alt="">
Other features include open fireplace, treetop views over busload reserve, handmade stone feature walls, and remote double garage.
<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/2020/4/14/mount%20eliza%203.jpg" alt="">
Located within the Ranelagh Estate, the house is just a short stroll to the Ranelagh Club, the beach and the village. 
Nicholas Lynch of Nicholas Lynch Real Estate has the listing. 
 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Mount Eliza trophy home with views of bushland reserve hits the market 

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A double storey family home, set in private grounds of 2,386 square metres in Mount Eliza, has been sold for $3.42 million. 
The five bedroom, four bathroom house is situated at <a href="https://www.realestate.com.au/sold/property-house-vic-mount+eliza-131836106" target="_blank">5 Lois Place</a>. 
The home comprises formal lounge &amp; dining reception rooms, gourmet kitchen, family zone with built-in bar and library/home office. 
Other highlights include custom wine wall storage, balcony with bay views, infinity edge pool and guest house with sauna.
The home is situated in the heart of the Golden Mile, only moments to Toorak College, the beach and Mount Eliza Village. 
Michelle Skoglund of Aqua Real Estate Mount Eliza sold the property. 
The house was last sold in 2011 for $1.9 million. 
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Mount Eliza trophy home sold for $3.42 million

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Denistoun, a cliff-top home in Mount Eliza, Victoria has hit the market via expressions of interest with a price guide between $7 million to $7.7 million.
Designed by Bird de la Coeur architects, the home at <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-132119618" target="_blank">5 Denistoun Avenue</a> features views across Port Phillip Bay to Frankston Pier, the city skyline and Dandenong Ranges.
With direct access to the beach, the contemporary home comprises seven bedrooms, six bathrooms, living area, stone kitchen and triple carport. 
There are three separate wings for multi-generational living. 
<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/2019/10/9/mount%20eliza%202.jpg" alt="">
Custom landscaped by Rush Wright Associates Landscape architects, the 2700 square metre parcel features Cypress trees, infinity-edge swimming pool and alfresco areas.
Other highlights of Denistoun include open fireplace, split-system air-conditioning, wall-to-wall glass, high ceiling and secure automatic gates.
<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/2019/10/9/mount%20eliza%203.jpg" alt="">
It's within walking distance to Toorak College and close to Mt Eliza village. 
Quentin McEwing of McEwing &amp; Partners Mornington has the listing. 
The expressions of interest campaign for the property closes November 7. 
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Mount Eliza cliff-top trophy home hits the market

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There are certainly opportunities in the current 2019 market to pay less than the last price.
But is there really such a thing as buying a bargain when it comes to property? And where are they?
This series of articles looks are specific examples of sale price or asking price falling. 
We take a look at where and if possible why this is happening.  
We came across this property for consideration.
A resort-style Mount Eliza residence on 2,701 sqm, with views of Port Phillip Bay and the city, is on the market with an amended price guide of $3.4 million to $3.7 million.
It was initially listed at $4 million to $4.4 million earlier this year having had $5 million to $5.5 million hopes last September.
Nicholas Lynch of Nicholas Lynch Real Estate has the listing. 
The three-level home at <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-131138146" target="_blank">1 Brookwood Drive</a> comes with six bedrooms generous living spaces flowing onto two large entertaining terraces, family room, rumpus room, sitting room and gymnasium as well as home office with views. 
<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/2019/5/9/mount%20eliza%202.jpg" alt="">
Other highlights include wine cellar, CCTV security, ducted vacuum, ducted heating/air conditioning, triple garage, double carport and drive through portico.
It has private access to Daveys Bay Beach and is moments from schools, cafes and shops.
Recent Mount Eliza sales include: 
<div class="page" title="Page 1">
18 Watts Parade Mount Eliza VIC 3930 - $4,350,000 - Apr-19 5 Cypress Point Drive Mount Eliza VIC 3930 - $3,575,000 - Mar-19 31 Daveys Bay Road Mount Eliza VIC 3930 - $4,300,000 - Mar-19
It is up to you to determine if the offering is a truly beneficial bargain.
Remember buying at the bottom of the cycle is fraught – as you can't really precisely pick the bottom nor know just how long until you see some price growth.
Be aware you could be buying a poor quality property in an area with ongoing issues of oversupply of stock.
The oversupply could be also putting downward pressure on rents.
Other price declines could be because the vendor needs a quick sale or paid way over the top on its last purchase chase.
Property Observer suggests property purchasing really does need to be a very well considered proposition with a long term mindset.
</div>
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Bargain property at Mount Eliza? Home at $2 million discount

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Waveney, an architectural multi-level family home sitting on 3,100 square metres in Mount Eliza, is now on the market with a price guide of $3.9 million to $4.1 million.
It has been offered by Michelle Skoglund from Aqua Real Estate Mount Eliza. 
Situated at 3 Waveney Road, the ground floor of Waveney comes with large home office, entertaining zone with wet-bar and indoor spa, alfresco terrace, gymnasium, two double bedrooms, and another sizeable living zone.
<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/2019/2/28/mount%20eliza%202.jpg" alt="">
Upstairs comprises of open plan gourmet kitchen/meals area, formal lounge and dining area, balcony with views over the gardens and city skyline, and four other double bedrooms. 
Other features of Waveney include inverter heating/cooling, double auto garage, tennis court with lights, solar heated pool and ducted vacuum.
It's located near to Toorak College, Daveys Bay Yacht Club and beach, and within a short stroll to Mount Eliza village.
<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/2019/2/28/mount%20eliza%203.jpg" alt="">
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Architectural family home Waveney in Mount Eliza listed for $4 million

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A Mount Eliza country style four bedroom house set on 9640 sqm has been listed for sale.
It is offered by Geoff Smith and Milton Brown from LJ Hooker.  
<a href="https://www.realestateview.com.au/real-estate/84-88-allison-road-mount-eliza-vic/property-details-buy-residential-11588107/" target="_blank">Located at 84-88 Allison Rd</a>, the house comes with four bedrooms with garden views, lounge room with open fireplace, games room, study and gym with a sauna.
<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/2018/6/13/mount%20eliza%202.jpg" alt="">
Outside features include a gas heated swimming pool, tennis court, a horse paddock with stable, double steel carport and a large underground rain water tank.
The suburb's median house price sits on<a href="https://www.propertyobserver.com.au/Outside%20you%20can%20follow%20the%20circular%20driveway%20to%20find%20a%20beautiful%20pergola%20wrapped%20around%20the%20home,%20gas%20heated%20swimming%20pool,%20tennis%20court,%20a%20horse%20paddock%20with%20stable,%20double%20steel%20carport%20and%20a%20large%20underground%20rain%20water%20tank." target="_blank"> $1.13 million</a>, according to CoreLogic. 
<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/2018/6/13/mount%20eliza%203.jpg" alt="">
 
 
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Allison Road, Mount Eliza trophy home estate on 9640 sqm parcel

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A Mount Eliza estate agency and its director and officer in effective control have each been penalised $8,500 for contravening Victorian estate agent laws.
The Frankston Magistrates’ Court found that between June 2015 and March 2016, Helen Sly, 64, of Mount Eliza, knowingly authorised or permitted Bay Life Properties to:
<ul>
<li>cause a deficiency in its trust accounts, ranging from $500 to $58,000, by not having sufficient funds in the trust account at all times</li>
<li>on five occasions, fraudulently convert trust money to its business cheque account before it was entitled to the funds. </li>
<li>fail to keep full and accurate accounting records showing particulars of each transaction, and</li>
<li>fail to correctly balance accounts at the end of the month.</li>
</ul>
The five transfers totalled $14,500.
The Consumer Affairs Victoria department became aware of the offences after undertaking an inspection of the business following the receipt of a qualified trust account audit report.
It related to deposits for Mt Eliza and Mt Martha house sales between June 2015 and March 2016.
On each occasion she repaid the money back into the account a few days later.
Defence lawyer Bradley Newton said Sly was under financial pressures from her business and was deeply ashamed of her behaviour.
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Mt Eliza estate agent fined over contravening Victorian estate agent laws

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The last parcel of Sir Reginald Ansett's former Mt Eliza estate has been listed with expectations around $40 million by Equity Trustees, which manages the R.M. Ansett Trust.
<a href="https://www.realcommercial.com.au/property-land+development-vic-mount+eliza-502611214" target="_blank">The 22 hectare parcel</a> has limited direct access to Moondah beach.
The area is covered by a green wedge zoning that limits future development on the site between Kunyung Road and Albatross Avenue.
The land has been used for grazing.
The expression-of-interest sale will be handled by professional services firm EY
The R.M. Ansett Trust sale will free up funds to donate to charities that run child-focused programs and scholarships.
Sir Reginald founded Ansett Airlines.
The offering is adjacent the 8.9-hectare former home of University of Melbourne's Melbourne Business School which sold last year to New Zealand's Ryman Healthcare for around $40 million for an aged care facility.
The trust's 22.3-hectare block sits between Moondah and Sir Reginald's original residence, the 11 hectare estate Gunyong Valley, which the trust sold in 2006 for $14.5 million.
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Last lot of Sir Reg Ansett's Mt Eliza estate listed

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The historic Morning Star Estate in Mount Eliza on Victoria's Mornington Peninsula has been listed with $30 million plus hopes.
The 63-hectare property with vineyards, orchards and olive groves that overlook Port Phillip Bay last traded more than two decades ago.
It has been listed by Judy Barrett who turned it into a boutique 20-room hotel with conference facilities and a restaurant, run by her family.
The property featured in the Kath and Kim movie, Kath &amp; Kimderella. The property has 12 hectares of pinot, chardonnay and cabernet grapes
A standout feature are the 75,000 rose bushes – one of the largest collections in Victoria.
It was once Nick Columb's horse stud until sold in 1993 for around $2.25 million.
Stretching from Nepean Highway to the sands of Sunnyside Beach, the property that features an 1860s mansion is being marketed by CBRE with a development permit for a 72-room hotel.
Last September, New Zealand's Ryman Healthcare, a retirement village operator, bought the nearby Mount Eliza Estate from the University of Melbourne for $37.5 million.
 
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One of Victoria's largest rose gardens listed for sale at Mt Eliza's Kimderella

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A postcard perfect beach box at Mount Eliza is for sale.
Located at <a href="https://www.realestate.com.au/property-other-vic-mount+eliza-121659562" target="_blank">34 Ranelagh Beach</a> the property is a clean and peaceful, picturesque cove.
With 35 sqm of floor space there are ample bench space, storage and room to sit.
There is ample unrestricted public car parking 80 meters away with public toilets, taps and shower blocks at the rear 100 meters away.
It also comes fully furnished, decorated and renovated. Everything sold as presented.
The iconic Ranelagh Club and boat storage is available and the Mt Eliza Village is only 5 minutes away and the city 1 hour.
The property is offered by McEwing Partners agent Adam Hanley.
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