A full-scale Sky Homes prototype apartment for <a href="https://www.apartments.com.au/new-apartments/zeste-at-the-orchards-norwest-104-fairway-drive-norwest-nsw-2153">Zeste</a> has been opened by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, offering buyers a look at the final residential release within The Orchards masterplan in <a href="https://www.apartments.com.au/developments/norwest-nsw-2153">Norwest</a>.

The prototype launch coincides with buyer demand for larger apartment living continuing across Sydney’s Hills District.

David Lee, Sales Manager, Apartment &amp; Mixed-Use Developments at Sekisui House Australia said it was evident from the preceding four stages at The Orchards that a large number of buyers were local owner occupiers or downsizers specifically looking for oversized apartments with additional living spaces.

“The majority of buyers prefer to touch, feel and physically sight a full-scale completed apartment, rather than imagining the living spaces from floor plans," Lee says.

"The prototype apartment provides greater clarity and buyer confidence. We expect this will increase sales momentum for Zeste and the Sky Homes in particular.”

[smartcode_project:default project_id=150510 project_image_fid=351878]

Positioned within Stage 5’s Zeste project, the Sky Homes form part of the final opportunity to purchase within the award-winning master-planned community, which will ultimately deliver approximately 1,300 apartments.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, Zeste comprises two residential buildings, Essence and Eden, providing 209 apartments surrounded by extensive landscaping, resort-style amenities and community spaces.

Ben Pomroy, Principal at Rothelowman said Zeste explores a reinvention of the traditional house, in the orchard, synthesising the nostalgic story of the orchard homestead of yesteryear with a contemporary aesthetic inspired by the landscape.

“Natural light and ventilation are key to the design, contributing to a higher quality of life at the human scale. Across all Rothelowman projects, our ethos of ‘a generous eye for life’ drives our consideration of the human experience as the central point of focus of our design process.”

Pomroy says a&nbsp;notable design element is the cathedral glass light boxes incorporated in the joinery, inspired by the idea of wandering the orchard homestead with a lantern in hand, something familiar and nostalgic.

"We took this narrative and gave it a contemporary twist that is both beautiful and functional, creating unique features that unify the kitchen and bathrooms design.”

[smartcode_project:default project_id=150510 project_image_fid=351874]

In addition to the two residential buildings, Zeste comprises a single-story community amenity pavilion nestled in the landscape between Essence and Eden.

“The communal pavilion is a distinctive feature designed to foster a deep sense of community, with nature at its heart," Pomroy added.

"Whether it is watching the football grand final or hosting a family BBQ, the pavilion is designed as a place where residents can create memorable moments with friends, family and neighbours.

Since launching Essence, the first building within Zeste, buyer demand has remained strong with more than 30 per cent of residences already sold. Sky Homes have accounted for nearly 40 per cent of all sales achieved since launch.

“Purchasers are responding positively to the oversized layouts, diverse apartment configurations and the vast range of community facilities that will be available at completion,”David Lee noted.

Zeste Sky Homes represent approximately 35 per cent of the entire Stage 5 offering and are available across both Essence and the yet-to-launch Eden building. Prices for the Sky Homes range from $1,135,000 with one car space through to $1,500,000 for two car spaces.

Apartments across the broader Zeste release start from approximately $715,000, with generous floorplans ranging from 59 to 144sqm. Select residences also feature integrated ‘Max’ spaces, designed to function as flexible areas for home offices, children’s playrooms or additional storage.

Zeste also continues Sekisui House Australia’s sustainability partnership with Altogether Group, delivering integrated water, power and data services alongside passive design initiatives including cross-ventilation, landscaping and water features.

Early purchasers are currently able to access a selection of premium upgrade options, with VIP buyers receiving one complimentary upgrade package. A 2.5 per cent deposit is available for a short time.

Sekisui recently commenced its pre-construction phase. They are expecting an early 2028 completion of Zeste.

[smartcode_project_cta:default project_id=150510]

Joel Robinson

Zeste Sky Homes prototype opens as buyer demand surges for oversized apartment living

Having recently announced its entry into the booming Gold Coast new apartment market with <a href="https://www.apartments.com.au/new-apartments/aere-chevron-island-18-20-mawarra-street-surfers-paradise-qld-4217">Aere Chevron Island</a>, developer Martello™ is offering generous stamp duty savings for buyers before June 30.

Martello™ says the incentive creates a more accessible entry into premium apartment living.

"While incentives in property are nothing new, today’s stamp duty contributions arrive at a particularly important moment," the developer says.

"Buyers are not only seeking quality homes and strong locations; they are also looking for smarter financial entry points. Reducing or offsetting stamp duty can represent tens of thousands of dollars in savings - funds that can instead be directed toward furnishing a home, reducing mortgage pressure, or simply providing peace of mind during the transition into ownership."

[smartcode_project:default project_id=143932 project_image_fid=367517]

Aere is one of the more boutique new developments on Chevron Island, with just 33 apartments across 18 storeys on Mawarra Street

The developer has placed a strong emphasis on wellness, briefing architecture firm Raunik Design to embed this philosophy into the project.

<a href="https://www.apartments.com.au/developers/martello">Martello™</a>&nbsp;has positioned Aere as a continuation of its human-centric development approach, with a focus extending beyond amenity to the fundamentals of layout, natural light, and spatial planning.

[smartcode_project:default project_id=143932 project_image_fid=368446]

To bring a heightened level of confidence to the project, <a href="https://www.apartments.com.au/developers/martello">Martello™</a>&nbsp;has already appointed Promax Construction to build the tower. They are expected to start construction in the coming months.

Martello™ says that in any market cycle, confidence matters.

"Buyers who may have been waiting on the sidelines are now reassessing their timing as developers and vendors introduce meaningful incentives designed to support decision-making. For owner-occupiers, it creates an opportunity to secure a premium residence with reduced upfront costs. For investors, it can improve the overall acquisition equation at a time when rental demand remains exceptionally strong across many key markets."

&nbsp;

[smartcode_project:default project_id=143932 project_image_fid=367507]

Aere offers a mix of two-, three-, and four-bedroom apartments, the latter of which occupy half a flor. These layouts prioritise separation between living and sleeping zones, along with increased privacy and storage, features more commonly associated with detached housing than traditional apartment product.

Aere’s private resident amenity spaces centre on wellness. A rooftop level will incorporate a heated swimming pool, sauna and spa, alongside a residents’ lounge, dining areas and barbecue spaces, while additional shared facilities throughout the building include a gym and yoga area.

[smartcode_project:default project_id=143932 project_image_fid=367515]

&nbsp;

"What we are seeing now is a market that rewards readiness," Martello added.

"Buyers who are informed, financially prepared, and willing to act decisively are finding opportunities that may not exist once conditions shift again. Incentives such as stamp duty contributions are typically limited in duration and allocation, particularly within tightly held developments where demand remains high.

&nbsp;

Offer available on selected residences at Aere Chevron Island only. Stamp duty contribution provided by the developer at settlement and cannot be exchanged for cash or combined with any other offer unless approved by the developer. Offer valid for contracts signed on or before 30 June 2026. The developer reserves the right to amend or withdraw the offer at any time without notice. Terms and conditions apply.

[smartcode_project_cta:default project_id=143932]

Martello™ offers limited time stamp duty concessions at Aere Chevron Island

New development specialists Lachlan Cottee and Ben Dalgleish have unveiled their new development firm, Dalcott, following several successful projects delivered under the Pyco banner across the region.

Pyco is currently delivering Atelier in nearby West End, Nouveau in Albion, and Onde at Kirra, its debut Gold Coast apartment development in the booming Kirra Beach precinct.

Its first plans under the new Dalcott banner are in South Brisbane, which has been Brisbane’s most enquired-on suburb so far in 2026, while neighbouring West End has also continued to record strong demand.

The developer already has approval for an 11-storey building with 65 apartments on Browning Street, however has recently acquired the adjoining 910 sqm site at the rear, creating a combined 2,746 sqm footprint that will now allow for two 11-storey buildings with 92 large-scale apartments, a configuration Cottee and Dalgleish have focused on across their local portfolio.

The project, known as <a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a>, will comprise 84 three-bedroom apartments, 16 of which will include an additional multipurpose room, and just eight two-bedroom residences.

DAH Architecture has led the design of Marrone, which will include more than 330 sqm of communal open space and rooftop recreation areas.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="7eeea1a0-be23-47c8-80fb-3409428241fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-21%20at%209.36.38%E2%80%AFAM.png?VersionId=pZW7o.tB7oJovYCRIFSxrZbMr6QdpHy." />

Cottee told Apartments.com.au the project reflects a gap in Brisbane’s apartment market.

"It is an area we know well with Atelier, another development which focuses on large apartments, less than 300 metres away," Cottee says.

"There's limited supply of large-scale apartments of this size in a single building in Brisbane. The majority of apartments in this category are in considerably smaller buildings, on the water, and are only really accessible to the deepest of pockets.

"Marrone will offer the same size and scale, but with greater amenity and at a much more realistic price point for the market."

The architectural approach reflects the continued evolution of South Brisbane’s higher-density residential character. Renders show a heavily landscaped façade composition with curved balconies, textured brickwork, deep recesses, and integrated planting aimed at softening the scale of the twin towers.

The revised proposal builds on the design narrative established in the original scheme. In the earlier submission, Gatehouse Architects described the project as a continuation of Browning Street’s long-term urban transformation.

“The proposal echoes the spirit of early developments like Watson Terrace (built in 1888), by contributing to the growth and diversification of the local population,” the original design statement noted.

“Just as Watson Terrace played a role in the area’s early gentrification, this development continues that trajectory, delivering contemporary housing that addresses the evolving needs of South Brisbane’s expanding community.”

The updated proposal, designed by DAH Architecture, spans a 2,746 sqm corner site with frontages to Browning and O’Connell Streets. The development will comprise two 11-storey residential buildings delivering 92 apartments, replacing the previously proposed 65-unit scheme.

The apartment mix has shifted further toward larger owner-occupier residences, continuing Dalcott’s established strategy across South East Queensland. The plans include 68 three-bedroom apartments, 16 three-bedroom apartments with multipurpose rooms, and eight two-bedroom residences. Two basement levels will provide 142 car spaces, alongside bicycle parking for 115 bikes.

The larger Marrone proposal arrives amid sustained redevelopment momentum across South Brisbane and the wider Kurilpa precinct, where developers are increasingly targeting owner-occupiers seeking larger apartments close to the CBD, cultural precincts, and riverfront amenity.

The site sits within walking distance of South Bank, the Queensland Performing Arts Centre, Brisbane State High School, and several major transport connections, while nearby Fish Lane and West End continue to drive demand for higher-end inner-city apartments.

Cottee is expecting Marrone to launch around August with Realm Projects.

Exclusive: Dalcott doubles down on South Brisbane with twin-tower Marrone plans

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<a href="https://www.apartments.com.au/developers/doma-group">DOMA Group</a> has unveiled plans for Newcastle Quay, a major waterfront precinct set to reshape Newcastle’s harbourfront and further cement the city’s evolution into one of Australia’s fastest-growing urban destinations.

Positioned on a prominent site within the Honeysuckle Precinct, Newcastle Quay will span both sides of Honeysuckle Drive, connecting directly to the Foreshore Promenade and sitting within walking distance of Newcastle Interchange.

The mixed-use precinct is planned to include around 1,000 apartments, more than 28,000 sqm of commercial office space, 6,000 sqm of retail, and a 180-room hotel anchored by a 500-seat conference and exhibition centre, a move expected to significantly lift Newcastle’s ability to attract major business and tourism events.
</section>

<img alt="DOMA Group unveil Newcastle’s future with transformative Newcastle Quay Precinct" data-entity-type="file" data-entity-uuid="0642ca09-67cc-4920-8a7e-d18df9729b4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/%3D.png?VersionId=CnDmZxQnOV5LN0ePu7jaFBXC9tPGTrWm" />

The proposal builds on DOMA’s growing Newcastle pipeline, where the developer has already delivered 866 apartments and more than 19,000 sqm of commercial and retail space since entering the market in 2013. A further $2 billion pipeline is also in the works across the city.

The masterplan and executive architecture are led by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, with building concepts developed alongside Stewart Architecture, Architecture AND and Curious Practice, and landscape design by <a href="https://www.apartments.com.au/landscape-architect/turf-design">Turf Design Studio</a>. More than 11,000 sqm of open space is planned, including a new waterfront park known as Honeysuckle Green, upgrades to Tree of Knowledge Park, and new pedestrian and cycling links throughout the precinct.

At the centre of the development will be the heritage-listed Wickham School of Arts, which DOMA plans to reposition as the civic and cultural heart of the precinct through restaurants, bars, events and public gathering spaces.

The broader vision is to create a genuine day-to-night precinct, blending residential, hospitality, retail, commercial and cultural uses in a way Newcastle has yet to experience at this scale.

DOMA Group Managing Director Jure Domazet said the aim was to create a precinct that becomes synonymous with Newcastle itself.

“Our vision is to create a precinct that not only delivers high-quality commercial, residential, and cultural spaces, but also defines Newcastle’s waterfront for generations to come,” Domazet said.

DOMA’s Chris Farrington said the project would fundamentally change how Newcastle is perceived nationally.

“Newcastle Quay is more than a waterfront precinct, it is a national announcement for this city,” Farrington said.

“A world-class Conference and Exhibition Centre will open Newcastle and the Hunter Region to a national and international audience for the first time, delivering something this city has long deserved.”

The project is expected to generate more than 4,000 full-time equivalent jobs and act as a major economic driver for the Hunter region through tourism, business events, hospitality and commercial investment.

&nbsp;

&nbsp;

Minister for Planning and Public Spaces Paul Scully said the final parcel of harbourfront land will be a "true mixed-use precinct destination that includes housing, hospitality and entertainment, commercial spaces, retail, economic and social outcomes."

DOMA Group unveils 1,000-apartment Newcastle Quay precinct

ASX-listed developer Stockland is continuing to ramp up its return to the apartment market.

In late 2024, <a href="https://www.apartments.com.au/developers/stockland">Stockland</a> announced it would resume apartment development after a 13-year absence, launching with Stanton Place in Rosebery, a 144-apartment project now under construction.

Last week, the developer unveiled plans alongside the NSW Government for a <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-nsw-gov-unveils-plans-for-3-300-home-waterloo-south-renewal">3,300-home precinct in Waterloo</a>.

Now, Stockland has shifted its focus in St Leonards, lodging a State Significant Development Application (SSDA) to replace an approved 42-storey office tower with a 52-storey residential development comprising more than 500 apartments.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="8979095e-9072-432b-a7da-58b180cf994d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.36%E2%80%AFPM.png?VersionId=_jbRXYOafCSHjwsz.yQCNIymMyCj8zkF" />

An existing 14-storey commercial office building would make way for a 264.5-metre tower designed by <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>. The project would deliver 538 apartments, including 30 affordable housing units, alongside retail and commercial uses at the podium and ground plane.

It will rise from&nbsp;<a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">601 Pacific Highway</a>, a prominent 2,844 sqm triangular site adjoining Mitchell Plaza and fronting Pacific Highway.

The development is being pursued under the Housing Delivery Authority pathway after Stockland’s proposal was declared State Significant Development earlier this year.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="67f40f35-0458-47ab-80c0-a4e98a31838a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%201.png?VersionId=rxXe3njr.auuGDuiR0k42uI8Zr4K.gZA" />

The apartment mix includes 217 one-bedroom apartments, 191 two-bedroom apartments, 122 three-bedroom apartments, and eight four-bedroom residences. Six basement levels would accommodate 300 car spaces, bicycle parking, loading areas, and building services.

Bates Smart said the project has been shaped around a series of urban design principles intended to improve the pedestrian experience and respond to the evolving character of St Leonards.

“With a boundary length of almost 75m along Pacific Highway and 70m along Atchison Street to the north, complying simply with the LEP envelope and required setbacks would result in a very wide tower form on the skyline,” the architects noted in the Design Report.

“We propose breaking the tower form into two defined volumes rather than a singular form.”

The podium has similarly been articulated into separate forms to reduce perceived bulk and create a finer-grain response to Mitchell Plaza and Atchison Street. Retail tenancies would activate the lower levels, while commercial space is proposed across the podium floors.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="90149990-0551-40d2-bd48-14b69a015d12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%202.png?VersionId=MJC2KIIWFvU9FPGr3IVq09gkRN_gX3m8" />

The design also places a significant emphasis on communal amenity and environmental performance. Residents would have access to landscaped terraces, wellness areas, flexible workspaces, and rooftop communal facilities, while the all-electric building is targeting an average 7-star NatHERS rating. Bates Smart said the project incorporates passive design measures including natural ventilation, integrated shading, and lightweight façade systems.

Planning documents note the site is around 350 metres from St Leonards Station and 400 metres from the metro entrance, placing it within one of Sydney’s most connected emerging residential precincts.

The project arrives amid a wave of large-scale redevelopment proposals reshaping the St Leonards and Crows Nest skyline. Several nearby sites have recently been approved, lodged, or declared under the Housing Delivery Authority pathway as the precinct absorbs significant residential density uplift tied to transit-oriented development policies.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="7805bd7c-dfd7-4b35-8e15-ec4a8bf8e61b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.26%E2%80%AFPM.png?VersionId=iY12K2m2bQ6EeDnshqfZC9rbLx_oEugP" />

Bates Smart’s report describes St Leonards as transitioning away from its historical commercial identity toward a more mixed-use urban environment.

“In recent years, the character of St Leonards has started to evolve, driven by new development trends along the Pacific Highway corridor,” the report said.

“These projects have increasingly focused on residential accommodation, marking a shift from its purely commercial roots.”

Sekisui House Australia is currently selling Waterstone down near Newlands Park, in a pocket being branded "St Leonards South." Hyecorp recently completed Audrey in the same pocket.

First look: Stockland plans 52-storey, 538-apartment St Leonards tower

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>
<div>Karl Stefanovic and his wife, Jasmine have bought their first home together... and it's in Queensland.</div>
<div> </div>
<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>
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<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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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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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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