<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Paddington

<html><body>
The 7-Eleven Australia director, Dharma Chandran, failed to secure a sale when his Paddington terrace went to weekend auction.
The price guidance had been $4.25 million on the four bedroom home with a nine metre frontage to Cascade Street.
After bidding got to $4.375 million, the BresicWhitney auctioneer placed a $4.5 million vendor bid, which brought an abrupt halt to proceedings. The asking price later was revealed as $4.75 million.
Chandran had been at the home since paying $3 million in 2012. He became a non-executive director at 7-Eleven Australia following the recent investigation into the scandal-plagued convenience store chain, which found franchisees were exploiting workers.
The HR executive has worked across Asia, Oceania, Europe, North America, The Middle-East and Africa with experience in the construction, mining, engineering services, property, oil &amp; gas, telecommunications, shipping and retail industries.
He began working for Just Jeans as a part-time sales assistant in the mid-1980s as a university student after he'd migrated to Australia from Malaysia as a teenager.
This article was first published by The Sunday Telegraph.
</body></html>

jchancellor-FAypfDUnLy

7-Eleven director Dharma Chandran fails to secure Paddington sale 

<html><body>
Following his purchase of Simon Baker and Rebecca Rigg's North Bondi rooftop apartment, e-commerce entrepreneur Simon Hill has listed his redundant Paddington terrace for rent.
It's priced at $2,500 a week through BresicWhitney Darlinghurst agent Rebekah Doyle, with the potential to come furnished.
Hill bought the <a href="https://www.bresicwhitney.com.au/rent/35-hampden-street-paddington-13800" target="_blank">four bedroom home</a> in 2014 for $2.6 million, after hailing from Melbourne. He'd also looked at the penthouse when it sold in 2014 for $2.63 million.
This time the 29 year-old investor in e-commerce business and products, snapped up the Ben Buckler peninsula penthouse within two weeks of it hitting the market in June when it was listed with $3.5 million hopes.
</body></html>

firstname1-iYD4UYzvBa

Simon Hill rents out Paddo after buying from Simon Baker at Bondi

<html><body>
The cardiac surgeon David Marshman and his wife, artist Melinda have bought in Paddington for $4,215,000.
It was the terrace of UBS’s equity capital markets banker John Spencer and his wife Kate who are off to their $4.5 million Woollahra purchase.
Their new Hargrave Street acquisition (above) has four bedrooms, three bathrooms, a 1,000 bottle wine cellar and a parterre garden.
The Marshman's sold their Surry Hills warehouse last weekend for a residential record of $7.95 million.
Spread across three levels, the 1850 Marshall Street warehouse cost $5.71 million in 2012 when bought from sculptor Gaby Porter.
The Hare &amp; Klein decor fitted 780 sqm warehouse had a price guide of $7 million.
The figurative painter has an exhibition set for October 8 at the Robin Gibson Gallery.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Artist Melinda Marshman buys Paddington terrace

<html><body>
Sydney entrepreneur Drew Muirhead has listed his recently refurbished Paddington terrace.
Spread over three levels, the home sits on a 108 sqm Comber Street parcel at the end of a terrace row.
It has three bedrooms, one bathroom and a garden courtyard with tandem parking for two cars. 
It goes to auction August 20 through Ray White Surry Hills Alexandria agents Shaun Burdo and Jack McGhee who suggest spacious interiors are light filled with its due northern aspect.
There's bamboo flooring, soaring ceilings and plantation shutters.
Muirhead is founder and chief executive officer of the HouseHuntingAustralia.com.au website which was launched last year.
He long owned a Cottage Point waterfront that featured on the first series of Grand Designs Australia, which became Bora Bora House, a luxury hideaway rental.
Having purchased it for $1.7 million in 2005, Muirhead commissioned architect Richard Cole to completely redesign the home which was turned into a five bedroom Bali-inspired resort.
By the time the show aired, the Notting Lane home was the largest in the suburb and cost around $3 million to build.
The entreprenurial Muirhead then sought to secure 12 takers each with a share costing $650,000 in an attempt at fractional ownership.
But in the end his waterfront home sold to Westpac executive Paul Verschuer for $3.35 million.
This article was first published in the Sunday Telegraph.
</body></html>

Entrepreneur Drew Muirhead lists refurbished Paddington terrace

<html><body>
Hedley, the four-bedroom Italianate style Paddington terrace, sold at mid-week auction.
Hedley at 172 Jersey Road fetched $2.928 million.
Its reserve price was $2.5 million after the price guidance was lifted during the campaign from $2.35 million $2.4 million.
There was interest from 14 registered bidders for the unrenovated property, marketed by LJ Levi's Tim Stern and Elise Horscroft. 
The median price for a home in Paddington is $1,820,000 according to CoreLogic.
</body></html>

Hedley, Paddington terrace sold at $2.928m

<html><body>
Adman Matt Grogan, creative director and partner at Analogfolk, has sold his New York-style converted warehouse apartment in Paddington given plans to up-scale to something bigger.
He bought the 132-square-metre apartment in the Old Tobacco Factory in 2013 for $900,000 as a bachelor pad.
He now has a partner, a baby and a dog.
Di Jones’ Gary Sands and Jane Schumann had<a href="https://www.domain.com.au/3-13-21-macdonald-street-paddington-nsw-2021-2012898043" target="_blank"> a $1.4 million guide.</a>
This article was first published in the Sunday Telegraph.
</body></html>

Paddington old tobacco factory apartment sale

<html><body>
Hotelier Ben May and his wife Lucy have achieved a quick resale on Paddington's priciest property, the converted Windsor Castle Hotel.
It has been bought for around the same $11.85 million price they paid last October.
Listed through McGrath agents William Manning and Ben Collier, the May's will settle instead into their $12 million Point Piper home which is closer to schools.
The new owners of the Windsor Castle Hotel are Goldmans Sachs executive director David Nolan and his wife Anita.
The Nolan's had previously owned on Windsor Street, ducking out of Paddington in 1997 when they sold their terrace for $1.05 million having been there for three years. 
Designed by X.PACE, their new home has 770sqm of internal living space along with 250sqm of Annie Wilkes designed garden with pool.
Behind its castellated heritage facade, all five bedrooms have a balcony overlooking the courtyard.
There's an internal lift to the top floor parent's retreat which has its own dressing room, ensuite, sitting room and terrace.
Originally built in the late 1880's by Heinrich Dorhauer, who also built the Four in Hand Hotel, the hotel had previously been converted by restauranteur Peter Polovin and interior designer wife Rita Polovin.
The couple paid $4.3 million for the landmark property in 2009 and listed the home in 2012 for $5.5 million just with the DA approval.
When the home didn't sell they undertook a full scale rebuild and secured the $11.85 million sale.
May's purchase claimed the Paddington price record with second place going to the tech billionaire Mike Cannon Brookes and his wife, Annie who sold their Hargrave Street home for around $10.5 million in October.
The couple paid $7.3 million for the five bedder with heated indoor pool which was formerly the historic Myers Store circa 1907.
Paddington first broke the $1 million mark in 1988 on Glenview Street, quickly followed by then merchant banker Malcolm Turnbull and wife Lucy securing the first $2 million sale at historic Alster House.
This article was first published in the Saturday Daily Telegraph. 
</body></html>

jonathanchancellor-7SQnKwU6yx

Quick resale on Paddington's priciest property, the converted Windsor Castle Hotel

<html><body>
Destination New South Wales chief executive Sandra Chipchase has splashed out $2.35 million on a Paddington warehouse.
The 1880 converted warehouse spans two levels and has four bedrooms and two bathrooms.
The 120 sqm property, that previously traded for $1.34 million in 2010, features ground floor outdoor decking and a second floor terrace.
Chipchase was poached back to Sydney by the O'Farrell state government from Victoria where she had been CEO of the Melbourne Convention and Visitors Bureau.
Destination NSW was created in 2011 from the merger of Tourism NSW and Events NSW.
This article was first published in the Saturday Daily Telegraph.
 
 
</body></html>

Sandra Chipchase destined for Paddington warehouse

<html><body>
Retired swimming golden girl Stephanie Rice has sold her Paddington, Brisbane home.
Place Paddington agents Tim Douglas and Scott MacDonald secured the sale.
Stephanie Rice posted her gratitude on Instagram about the sale of her four-bedroom, three-bathroom property for an undisclosed price.
<a href="https://www.realestate.com.au/property-house-qld-paddington-121662222" target="_blank">Rice purchased the home on Kennedy Terrace </a>in 2010 for $1.265 million.
She used the house for investment purposes renting it out at most recent at $1050 a week.
It’s believed the recent sale was motivated by her move overseas.
</body></html>

Stephanie Rice sells her Paddington, Brisbane investment property

<html><body>
A time-warp in Sydney's Paddington is for sale, but only after a bizarre court case.
The dilapidated Paddington terrace at <a href="https://www.realestate.com.au/property-house-nsw-paddington-121762078" target="_blank">45 Iris Street</a> isn't difficult to spot with it's faded yellow facade drawing the eye.
<img src="/images/2016/02/08/p.jpg" alt="">
The quirky interior walls are filled with quirky designs, some of which are hand drawn by the previous owner Christina Coombes who was an artist.
Christina passed away in 2013 and had owned the property for the last 40 years.
She bought the property with her late butcher husband Kenneth Coombes in 1965 for £3,200.
The terrace was in the limelight last year when an Iraqi refugee tried to claim the dank hovel, suggesting he was Christina's lover, cat minder and dancing partner for 17 years.
<img src="/images/2016/02/08/image4.jpg" alt="">
Christina's neighbours told the New South Wales Supreme Court that he was nothing more than a fruit and junk salesman who occasionally sold items to her.
It was discovered Waleed Sadiq never had a key, did not visit her in hospital, and failed to attend her funeral. He has been confirmed as living in Woolloomooloo.
The home is now under control of the NSW Trustee and Guardian who have had to seek a new certificate of title due to the last one being lost.
Christina was described as a bit of a recluse, which was no surprise considering the state of the home.
The advice from listing agent Adam McKay of the Di Jones agency is to bring a builder and an architect, because this property will need a lot of work.
There are two bedrooms, one bathroom and a rear courtyard.
Adam has said that he has received huge amounts of enquiry and had a great number of buyers through the first open on Saturday. 
He set a guide of $750,000 for the property which goes to auction on February 24.
<img src="/images/2016/02/08/main-1.jpg" alt="">
"It is a very difficult terrace to put a price on as there will be a large variation as to what each buyer thinks it is worth.
"For instance, for those who are looking at the property to renovate and sell, they will be factoring in the cost of the works associated in order to get it ready for sale.
"However for the first home buyers who are excited at getting hold of a Paddington terrace at a discounted price, we may find that they push themselves further to secure the home and complete the renovations over a number of years," he said.
</body></html>

Paddington

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Paddington

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News