Developer-builder <a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a> has pushed beyond the now-standard inclusions of rooftop pools and landscaped podiums at its recently launched new Epping project, Senso.

It has laid out over 4,000 sqm of resident-only amenity in a move designed to compete directly with low-density housing on livability, not just density. The result is a development that supports genuine daily use through purposeful spaces distributed across its five-building, 479-apartment precinct.

[smartcode_project:default project_id=134954 project_image_fid=4396]

Two rooftop pools form the anchor of Senso. One is a 27-metre lap pool adjoining a heated spa, designed for everyday fitness rather than just summer leisure. The second sits on a lower podium, allowing different buildings to share in vertical access and reducing crowding during peak times.

It is the secondary spaces that start to distinguish Senso from other large-scale suburban projects. A rooftop cinema is integrated into a landscaped terrace, offering open-air screenings with natural ventilation and passive cooling.&nbsp;

The inclusion of a “sensory walk”, an elevated boardwalk that threads through the site, suggests a rare investment in non-commercial, non-essential amenity: space for quiet movement that doesn’t double as access or traffic circulation.

[smartcode_project:default project_id=134954 project_image_fid=4402]

The gym and wellness centre, often relegated to a small ground-floor room in many builds, takes on more substance here. Residents have access to a fully equipped gym, as well as outdoor yoga areas and meditative zones that integrate greenery and natural light.&nbsp;

The Club Lounge is similarly designed to support multiple use cases, with a private dining terrace, kitchenette, workspace, and lockable wine storage. These aren’t superficial additions; their scale and spatial allocation indicate serious intent for frequent resident use.

[smartcode_project:default project_id=134954 project_image_fid=4391]

Importantly, Senso’s amenities are embedded within a site that spans more than 10,000 sqm, allowing for better separation between spaces and reduced noise spillover, a critical but often overlooked factor in high-density developments. This spatial generosity also enables multiple alfresco kitchens and communal terraces without compromising individual privacy or usable space.

While many developments make claims about lifestyle, few back it with this level of built infrastructure. Senso’s mix of dedicated fitness, wellness, social and passive green spaces suggests a conscious response to the post-pandemic shift in housing expectations, especially among owner-occupiers.&nbsp;

DASCO is one of several leading developers who have taken out Resilience Insurance's Latent Defects Insurance policy, providing buyers with a 10-year structural and waterproofing warranty, and giving them the ultimate peace of mind.

Senso is scheduled for completion in late 2028.

[smartcode_project_cta:default project_id=134954]

Staff Writer

The outdoor amenities elevating life at Senso, Epping

Following the proposal by the Minns Labor Government to rezone Parramatta Road to create up to 8,000 new homes, prominent developer Ceerose has gone to the NSW Gov to increase the density of its new mixed-use residential building in Leichhardt.

<a href="https://www.apartments.com.au/builders/ceerose">Ceerose</a>, founded by Edward Doueihi nearly three decades ago, has filed plans for 154 apartments above ground-floor retail at 307-315 Parramatta Road, a key corner site near Norton Street, the main high street strip in Leichhardt.

It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="ba1ae75b-5f08-43fb-b8d5-3de6d9f6ef71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.39%E2%80%AFAM.png?VersionId=yA3hBBLPH4ev7MsAE0_hieXeqiFqBUb7" />

The project is being advanced through the State Significant Development (SSD) pathway, with concurrent rezoning sought to facilitate the proposal. The 10-storey development would rise over a four-level basement and deliver two retail tenancies, one a larger-format offering and the other a smaller “hole in the wall” space, addressing the Parramatta Road frontage. 21 of the apartments are dedicated as affordable housing.

According to the Urban Design Report by Architecture AND, the scheme includes a podium and tower configuration, with a fine-grain, two-storey parapet street wall that references the traditional shopfront rhythm along the corridor. “An elegant tower form is proposed, combined with a characterful two storey frontage... articulating it as two related buildings, providing consistency with the rhythm and grain of Parramatta Road,” the report notes.

The residential component is split across two slender towers set back from the street edge, a design move aimed at preserving solar access and reducing perceived bulk. This massing strategy also seeks to improve residential amenity by focusing scale toward the quieter northern interface, away from Parramatta Road’s noise and pollution.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="347f2f8f-5d36-4388-b40a-2e77380b9c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.02%E2%80%AFAM.png?VersionId=xvyUE2ujT1lzivXTo.mHBJFF4SmfgLtz" />

Architecture AND has worked with Ceerose on previous Inner West projects, and cites a deep familiarity with the local character. Their design draws heavily on context, heritage, and sunlight access considerations, and engages with the Inner West Council’s “Our Fairer Future” strategic planning framework.

The site spans 2,712 sqm and is located near key intersections with Catherine Street, Hay Street, and Redmond Street. It adjoins a public carpark to the north and is within walking distance of Stanmore and Petersham stations. It is also flagged in state and local planning strategies, including the Parramatta Road Corridor Urban Transformation Strategy, as a suitable candidate for increased density.

Ceerose recently completed The Alex Collective on McEvoy Street in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay.

The Parramatta Road corridor is coming to life with the proposed rezoning which is serviced by a significant number of bus, light rail and train routes.

Deicorp is progressing with its $1.8 billion <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> precinct on Parramatta Road in Five Dock, as is <a href="https://www.apartments.com.au/news/nsw/toga-to-push-on-with-five-dock-mixed-use-masterplan">TOGA further down the street</a>. Those two projects alone will bring nearly 2,000 new homes to Parramatta Road.

Joel Robinson

First look: Ceerose plots mixed-use Leichhardt development on Parramatta Road

North Sydney's landmark 'SBS Building' on Alfred Street is set to be demolished to make way for a new mixed-use residential tower in the booming North Sydney.

Commercial property group FiveX is behind the plans for a <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">39-storey tower</a>, the latest project to advance under the NSW Government’s Housing Delivery Authority pathway.

They are proposing 184 apartments above retail spaces, which will replace the existing 20-storey commercial building. FiveX was set up more than five decades ago by Joshua and Marko Berger. It is currently led by Joshua's son Lesli.&nbsp;

<img alt="First look: Fivex plans 39-storey residential tower at 275 Alfred Street, North Sydney" data-entity-type="file" data-entity-uuid="2efa0980-53fa-4cca-9f9e-9c3c845d4746" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29%20%281%29_0.png?VersionId=y_YyPMq3NQLfYRs84pP4os9UgWiMLp75" />

According to the Architectural Design Report by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>, the slender tower form has been deliberately designed to respect the site's transitional setting at the southern gateway to the North Sydney CBD, where high-rise towers give way to lower-scale residential precincts.

"The slender tower form and articulated podium establish a respectful relationship with nearby heritage and low rise buildings, including the Whaling Road Heritage Conservation Area,” the architecture firm noted, adding that the tower “completes a missing link in the urban fabric” while enhancing the Alfred Street streetscape.

The proposed building will include a mix of one-, two- and three-bedroom apartments, with 15 percent of the gross residential floor area allocated as affordable housing. There is an agreement already in place that those apartments will be managed by Evolve Housing.

The project aligns with broader state housing objectives, including the National Housing Accord target of delivering 1.2 million new homes by 2029. The Scoping Report filed with the State Significant Development Application (SSDA) suggests the site "presents no impediments to rapid delivery,” with construction able to commence within 12 months of receiving consent.

North Sydney has been one of the most popular suburbs in Sydney for new and off the plan apartment development, but hasn't had the supply to keep up with demand, until recently.

AURA by Aqualand was, for a long time, the only off the plan apartment building on the market. That completed last year, and has sold the majority of its 386 luxury apartments. Recently ALAND launched <a href="https://www.apartments.com.au/new-apartments/the-walden-173-179-walker-street-north-sydney-nsw-2060">The Walden</a> on the same street, selling over $100 million within just a few hours of its launch, while developer CASA also launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>&nbsp;in the same precinct.

First look: Fivex plans 39-storey residential tower in booming North Sydney

Kokoda Property Group has announced the Sydney-based Versatile Construction as the builder for its landmark $1.5 billion <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> precinct.

Construction of the 17,612 sqm site is scheduled to commence in December 2025 and is expected to be delivered in stages from 2028. Once complete, <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> will comprise 212 residences across four architecturally distinct buildings, alongside Brisbane’s first Kimpton Hotel, extensive retail, hospitality, and wellness amenities.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Kokoda Property Group Founder and Managing Director, Mark Stevens, said appointing Versatile Construction marks a significant milestone for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“Partnering with Versatile Construction gives us confidence in delivering a precinct that sets a new benchmark for luxury living, curated experiences and vibrant riverfront activation," Stevens said.

"Together, we will bring the vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> to life, creating a destination that residents and visitors will enjoy for generations."

Throughout the construction phase, more than 2,000 jobs will be created, supporting hundreds of local contractors and suppliers.

[smartcode_project:default project_id=139896 project_image_fid=352274]

Marco Fahd, Chairman &amp; CEO at Versatile Group, said the company is looking forward to&nbsp;expanding their footprint in the state, taking on their inaugural project in Brisbane.

"We are proud of the unwavering commitment our team of experts have to quality and certainty in delivery and are excited to work with Kokoda to bring their vision for this unique project to life," Fahd says.

Sales reached $285 million on the launch of <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>, with sales momentum continuing to "exceed all expectations."

Stevens says the overwhelming response from buyers validated the group’s vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“The demand for a luxury product in this enclave has been extraordinary, we’ve never seen anything like it before. It reinforces everything we’re doing around quality, design, and creating genuine lifestyle precincts. Buyers are recognising the enduring value of Brisbane’s riverfront and are responding to the opportunity to live within a world-class destination that celebrates both place and lifestyle.”

[smartcode_project_cta:default project_id=139896]

Kokoda appoints builder for $1.5 billion Teneriffe Banks waterfront precinct

Castle Hill’s booming development market is set for another boost, with builder-developer Buildex proposing a new mid-rise apartment building near Castle Towers.

Buildex has submitted plans to The Hills Shire Council for a <a href="https://www.apartments.com.au/new-apartments/197-old-northern-road-castle-hill-nsw-2154">nine-storey building comprising 57 apartments</a> on Old Northern Road. The company acquired two adjoining sites earlier this year, totalling more than 2,683 sqm.

Texco Design has prepared the scheme, which includes five one-bed plus study apartments, 37 two-bedrooms, and 15 three-bedrooms.

Castle Hill has become a hotspot for developers in recent years, undergoing significant transformation driven by the opening of the Hills Showground Precinct to development and the introduction of two metro stations servicing the suburb.

Developers including Deicorp and Kassis Homes have already completed projects, and are progressing future developments, while Meriton, Arada, and Ellipse are currently delivering new projects in the rapidly evolving area.

First look: Buildex plans 57 apartments near Castle Towers

Noosa

A record $16.1 million was paid at auction for a luxury Noosa apartment.

It was the top selling auction result among the 669 apartment auctions held over the past week, according to CoreLogic, which put the national success rate at 70 percent.

There was a national $807,000 median apartment sale.

There were the four phone bidders at the auction of the three-level Hastings Street apartment, located within the late 1980s Hastings Park complex.

Friday afternoon&rsquo;s auction was held by Tom Offerman Real Estate.

The four-bedroom, four-bathroom apartment came with northerly views to Little Cove and First Point.

<img alt="" height="789" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hastings_st_2.jpg" width="1200" />

It has been tightly held having last sold in 2004 at $4.5 million, and before that for $790,000 in 1993.

It was among the last sold in the 1989-built terraced complex of nine apartments.

Designed by John Dimitriou Architects (JDA), the terraced complex took four years to sell out for its Noosa Heads developer Brian Wood.

&ldquo;Apartments of this calibre commanding such presence, rarely come to market,&rdquo; noted selling agent Rebekah Offerman.

&ldquo;Hastings Park&rsquo;s history of back-to-back year-round bookings makes this a judicious one-off investment opportunity,&rdquo; she added.

<img alt="" height="784" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hastings_st_3.jpg" width="1200" />

Its peak season nightly rate has been $3100.

The price surpassed the previous record Noosa apartment sale of $14m in February last year elsewhere on Hastings St.

The Queensland auction apartment record was set this year at $15.25 million when the Soul penthouse at Surfers Paradise went to May auction.

The Noosa LGA has clocked over 70 apartment sales over $2m so far this year, compared to 55 apartment sales over $2m last year, above the 41 secured during 2019, according to CoreLogic.

The Noosa LGA has had over 70 apartment sales over $2m so far this year

jchancellor-FAypfDUnLy

Record $16.1 million luxury Noosa apartment auction

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Lynette Rex, wife of the former Ramsay Health Care chairman Chris Rex, is the latest buyer in Noosa.

The Rex’s, who have recently traded Tamarama for a lock-up-and-leave Bondi apartment, have spent $10 million on the Noosa Sound.

It took just one FaceTime inspection through Tom Offermann agent Tom Offermann, who secured the sale off-market.

Created by architect Peter Hull, the Mossman Court home last traded for $5.1 million in 2017. <img alt="" height="1276" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/noosa_2.jpg" width="2000"> Through its custom-made timber and glass front door and past the front courtyard, the four bedroom home has three bathrooms, and a home office.

Out the back there’s a deck, which spans to full width of the house and features an alfresco terrace with built in barbecue.

<img alt="" height="1332" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/noosa_3.jpg" width="2000">

There’s a private white sand beach and 20 metres of waterfrontage. It was offloaded by the Flynn family, who have owned a home down the road since the late 1990s.

When the home was listed last year for $6.55 million, Tom Offermann agent Nic Hunter told prospective clients to “take the plunge, slip on the sandals and get into holiday mode every day,” calling the property a “dream home”.

"While other markets around the country are patchy Noosa, especially prestige waterfront properties on Noosa Sound, continue to deliver steady, sustainable growth with 15.5% average compound annual capital growth over 41 years."
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Lynette Rex, wife of the former Ramsay Health Care chairman Chris Rex, is the latest buyer in Noosa

Lynette Rex, wife of former Ramsay Health Care boss Chris Rex, spends $10 million in Noosa

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The Queensland auction record was smashed earlier this month with the $9.8 million sale of a Noosa penthouse.
And the out of state buyer activity in coastal Queensland has showed no signs of slowing down, with a Melbourne buyer securing the keys without physically inspecting the $2,075 a night high season holiday let on the exclusive Hastings Street.
<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/NOV/23/La%20Mer%202.jpg" alt="">
The buyer was taken through a number of times on Facetime, and holidays in Noosa every Christmas with the family. They’ve even stayed in La Mer, the beachfront block, before.
The penthouse has three bedrooms  and its own 240 sqm roof terrace. It last sold for $7.2 million in 2018 when it was trading for the first time since 1991, a few years after the block was built. Then it sold for $1.03 million.
<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/NOV/23/La%20Mer%203.jpg" alt="">
Richardson &amp; Wrench Noosa agent Shane McCauley secured the sale in what is Noosa’s second most expensive apartment sale, only behind the $14 million secured down the road earlier this year when Elisabeth Ring, the cashed-up ex-wife of the Swisse Vitamins billionaire Stephen Ring, bought the penthouse atop Noosa Court.
And the sale breaks the former auction record, set late last year <a href="/expert-insights/buying/bulimba-riverfront-takes-brisbane-auction-record-mantle">when a Bulimba riverfront sold for $8.4 million</a>.
 
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jrobinson-rf4aSBido9

Noosa penthouse breaks Queensland auction record

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The Noosa area has quietly clocked up its fourth $10 million plus sale of 2020.
A Noosa Heads riverfront on Mossman Court, built just last year by local go-to building designer Paul Clout, has sold for $10.91 million.
It's been bought by the little-known Karl Wenzel, the South African-born businessman who recently spent $5.28 million on Peppers Ruffles Lodge &amp; Spa at Willow Vale in the Gold Coast hinterland.
Documentation had him give his address as his longtime Mosman home.
There's little detail on Wenzel's most recent purchase, secured off-market through Tom Offermann Real Estate agent Tom Offermann.
A swimming pool sits in a central courtyard, with the main kitchen, living and dining space opening out to the river and private sandy beach.
Clout designed the home after the 610 sqm riverfront property traded for $4.2 million in 2017, then an original four bedroom home.
Mossman Court has been one of Noosa's most expensive streets in the last few years.
There's been 10 house sales over the last 18 months, each selling for at least $4 million.
It's the fourth property to sell for over $10 million in the Noosa LGA in 2020.
First there was the Hastings Street penthouse secured by Elizabeth Ring, the cashed-up ex-wife of Swisse Vitamins billionaire Stephen Ring, for $14 million.
Then Therese Rein bought the Sunshine Beach home Pat Rafter built and in June another Noosa riverfront sold for $11.2 million to Hamell Retail founders Daniel Burke and wife Kylee.
Hamell successfully established main street retail precincts in areas undergoing urban renewal throughout the 90s.
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Noosa riverfront sells for nearly $11 million

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<div>Karl Stefanovic and his wife, Jasmine have bought their first home together... and it's in Queensland.</div>
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<div>The expectant couple have spent $3.6 million at Sunshine Beach on the Sunshine Coast.</div>
<div> </div>
<div>Their purchase is just 200 metres from the water.</div>
<div> </div>
<div><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/2020/4/6/Karl%203.jpg" alt=""></div>
<div> </div>
<div>It was on the market for 420 days before the couple made their whisper quiet purchase last month.</div>
It was the first time the house had been sold since built.
"Perched on an elevated block overlooking Sunshine Beach, it's hard to go past this luxurious abode," the marketing suggested.
<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/2020/4/6/Karl%202.jpg" alt="">
<div>The television presenter last owned in Queensland 15 years ago when he sold his two bedroom home, to make the move south from Paddington, the trendy Brisbane suburb, to Sydney.</div>
<div> </div>
<div>Stefanovic and his then wife, Cassandra Thornburn pocketed $371,500, in 2005 around the time he took over on the Today Show from veteran presenter Steve Liebmann.</div>
<div> </div>
<div>The couple recently moved their Sydney abode, from inland Momsan to rent on Sydney Harbour.</div>
The 2009-built bedroom Sunshine Beach home is on the same street where the tennis champion Pat Rafter previously owned.
The Stefanovic's join the increasing gang of Sydneysiders who have seek the sun up north for their holidays.
The Vaucluse-based Real Housewife Krissy Marsh bought in Noosa recently paying $9.8 million for a luxury home on Noosa Waters (below).
<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/2020/4/8/Marsh%20Noosa.jpg" alt="">
It is not far from the Dover Heights accountant Anthony Bell, who paid a record $10.31 million in 2017 for the waterfront with Kelly Landry as their retreat.
Hollywood start Dan MacPherson also owns at Sunshine Beach, where he has a two-level timber bolthole with ocean views that cost $2.15 million in 2010.
Sunshine Beach currently has $1.95 million median price for four bedroom homes, according to realestate.com.au, reflecting an annual rental yield of 2.3 percent for rental holiday homes.
It is one of the hottest property markets in the country, as based on five years of sales, Sunshine Beach has seen a stellar compound growth rate of 11 percent. 
This article was first published in the Daily Telegraph.
 
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Karl and Jasmine Stefanovic buy Sunshine Beach holiday home

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Noosa's busy apartment market has seen another prestige sale with a $5.5 million beachfront deal.
It was an off market sale of the strip's best known apartment, The Starlight Suite in the Netanya beachfront resort on Hastings Street.
Its whisper quiet sale was through Richardson &amp; Wrench Noosa agents Shane McCauley and Frank Milat.
The three bedroom penthouse with a study and two private terraces had previously belonged to Mike Chapman, the famed songwriter for wrote the words for the Tina Turner hit, Simply the Best.
Chapman bought a one and a two bedroom apartment, before commissioning Joan Moore of JDM Designs to create the combined 145 square metre space with 100 square metres of terraces.
It last sold for $3.65 million in 2014.
Last year the now US-based Chapman sold Cintamani, his redundant Noosa hinterland weekender, for $4.25 million. 
Noosa's busy Hastings Street recently saw a record $8.25 million sale, a three bedroom apartment in Twenty Three Hastings, earlier this year.
There's a record $11 million apartment being sought in the Noosa Court block through Tom Offermann Real Estate agent Roark Walsh.
This article was first published in the Weekend Australian.
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firstname1-iYD4UYzvBa

Noosa's Starlight Suite in Netanya sells for $5.5 million

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A Hastings Street apartment on Noosa's priciest beachfront strip has sold for a record $8.25 million.
The three bedroom apartment is in the pricey Twenty Three Hastings block.
It was sold after a very short listing period in August by Tom Offermann Real Estate and beat the former record, held since 2006 when the penthouse in the nearby Noosa Court on Hastings sold for $8.2 million.
The living spaces of the triplex garden apartment comes with pool plus direct beach access.
The listing agent Mal Cox described it as one of the finest apartments he’s had the privilege to market.
The sale comes after the Tom Offermann agency secured $6.1 million for a <a href="/news/buyers-of-6-1-million-hastings-street-noosa-holiday-penthouse-revealed">nearby Hastings Street penthouse</a>.
Tom Offermann says there's a resurgence in beachfront property sales and there’s no sign of it changing soon.
“Noosa Main Beach is one of a very few true north-facing beaches on the east coast of Australia,” Offermann says.
“Noosa has an amenable sub-tropical climate and a town brimful with natural assets which turns holiday makers into property buyers, something I have experienced over 30 years.
The Noosa apartment market recorded the strongest capital growth of any unit market across the country over the last year with values soaring nearly 25 per cent.
"The investment potential speaks only of enviable financial success for those who are fortunate to acquire their piece of Noosa Heads ’hottest real estate.”
 
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Noosa apartment record broken with $8.25 million Hastings Street sale

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Noosa's newest apartment project to hit the market is Infinity.
<a href="https://www.offermann.com.au/217-219-gympie-terrace-noosaville-qld-4829888/" target="_blank">Infinity is a boutique three level block</a> with just the three apartments, located on Gympie Terrace 100 metres from the Noosa Boathouse Restaurant.
They are being marketed as house-sized, penthouse-style offerings by Tom Offermann Real Estate agent Nic Hunter.
The three apartments each span a whole floor which open to a full-width terrace complete with their own private glass walled pool.
They have three bedrooms and three bathrooms and full-height glass windows and doors to take advantage of the water views.
Infinity was designed by Chris Clout with floor plates ranging in size from 368 square metres to 445 square metres.
"The floor plan was designed to direct the eye out to the spectacular wide views of the Noosa River and beyond," Clout said.
He said privacy is retained by directing the focus to the core of the apartment and outward to the north.
"The design from north to south as well as the ability to completely open-up the centre section, gives exemplary natural cross ventilation," Clout added.
"The northerly orientation and tall ceilings allow drenching of natural light, whilst large eaves especially over the wrap-around terraces, provide protection during the hotter months." 
Hunter is asking $4.5 million for each of the apartments. Included in the complex is a gym and sauna.
Hunter says the location of the development is just as good as the product.
"It has the dress circle address of Gympie Terrace which runs parallel to the dog-friendly Noosa River foreshore and gazebo-dotted park, is steps away to some of Noosa's best cafes, restaurants also boutiques; and 10 minutes away is Noosa Heads' famous Hastings Street and the Noosa National Park."
Down the road on Gympie Terrace, Century 21 Noosaville agent Sam Walker and David Conolly are marketing the final apartment in Kalani, another boutique three bedroom development facing the water.
He secured sales of the penthouse apartment, as well as the ground floor.
He is asking $3.5 million for the sub-penthouse in the block which is slated for completion next month.
Designed by Stephen Kidd, each of the whole floor apartments have three ensuited bedrooms and a separate media room and home office.
New developments in Noosa have been in short supply since the building boom of the 1980s and 1990s.
One of the earliest developments in Noosa was Fairshore on Hastings Street. The 27 two bedroom units were sold for around $70,000 in 1976. 
Today the 90 square metre apartments sell for over $3 million as Hastings Street has developed into Noosa's bustling premium tourist strip.
Apartment development was in full swing into the 1980s and 1990s.
Around 50% of Noosa's units were built in the decade after the 1982 Building Units and Group Titles act passed parliament.
Tom Offermann said it prompted a building boom.
"I recall lawyers waiting rooms being packed in the 1980s," he said.
Some of the most notable blocks built around that era were built on the riverfront Quamby Place.
The A.V. Jennings Culgoa Point development of 65 units were selling for around $60,000. One of its apartment has recently broken through the $1 million barrier.
Next door Noosa Harbour Resort was being built by Devine Erby Mazlin, a 69 unit complex and across the road Sun Lagoon's 30 unit development followed soon after.
Offermann says he remembers selling a three bedroom beachfront in La Mer which was developed by a South Australian developer for $225,000.
He suggests today a buyer would have no change out of $7 million.
Noosa's planning laws have aimed to keep the village as a charming beachside tourist spot.
There would be no high-rise buildings, as well as no traffic lights and billboards.
The apartment complexes are limited to two to four storeys. 
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Infinity units for sale in Noosa's limited new development market

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Gabriel Poole has been designing houses on the Sunshine Coast in Queensland for over four decades.
He is well known for his enlightened, lightweight house designs and innovative use of materials, winning the national Robin Boyd award for domestic architecture in 1991 for an innovative tent house from the Australian Institute of Architects.
Then, in 1998, he was awarded its Gold Medal, its highest honour.
The Poole House, designed in 1962 while still a student draftsman in Robin Gibson’s office, was his first home in Brisbane's Sherwood.
He came renown for using the basic design principles of traditional Queenslanders but looking nothing like them.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/12/poole2.jpg" alt="">
Poole designed <a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-129552670" target="_blank">a home on Seaview Terrace</a>, one of the Sunshine Coast's best streets, which has recently gone under offer. 
Adrian Reed and Darren Neal at Reed &amp; Co Noosaville had a $4.3 million guide.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/12/poole3.jpg" alt="">
His timeless beach house with a sophisticated aesthetic more recently underwent a redesign from the Brisbane-based interiors outfit, Troupe Studio.
A bank of sliding glass doors appears to bring the pool into the home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/12/poole4.jpg" alt="">
The residence's top level master suite, which opens to a private and vast outdoor terrace facing the beach.
 
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jonathanchancellor-7SQnKwU6yx

Gabriel Poole-designed Sunshine Beach trophy home listed

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A $14 million house sale in Sunshine Beach has been struck.
The 2 Belmore Terrace beachfront house is close to the village shops.
It sold on the very first inspection just prior to hitting the market.
“While Nic Hunter and I were still putting the finishing touches on the marketing material we invited an interstate buyer to have a preview inspection," Tom Offermann at Tom Offermann Real Estate said.
"They flew up, loved what they saw and signed an unconditional contract on the spot.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/29/noosa2.jpg" alt="">
The house is on a 1258 sqm lot with 41 metre ocean frontage.
It is five bedrooms, six bathrooms, and a stunning 23m pool.
The sale follows other records Tom Offermann Real Estate negotiated in Sunshine Beach for $15.2 million and $18 million earlier this year.
"Our company has sold nine of Noosa’s top 10 sales this year which we attribute largely to the connections we have with affluent clients who recognise the unique beauty of Noosa.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/29/noosa3.jpg" alt="">
"Our company’s Sept Qtr sales volume grew 58% compared to the same Qtr in 2017, and enquiry levels are showing no signs of slowing and listings remaining tight with just 3.5% of properties on the market.
“Lately there has been some uncertainty amongst buyers and sellers due to reports about southern markets cooling, mainly from tightening of lending by banks.
"The relatively minor price falls in Sydney and Melbourne include sales from the inner city to outlying suburbs, so what relationship does the Parramatta market have to Noosa?  None, we think.” said Tom Offermann.
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