The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Palm Beach

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Around 10 years ago, the internationally acclaimed architect Glenn Murcutt was approached to design a Palm Beach home by two expatriate Australian's living in London.
Their intention was to return to Australia wanting a house for their growing family, initially for use during weekends and holidays but later to become their main residence.
The result was <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-125176958" target="_blank">Donaldson House at Palm Beach</a>, a house designed with sensitivity to the landscape, climate and seasons.
<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/2017/11/1/Murcutt4.jpg" alt="">
Surrounded by native bushland and with views to Pittwater, the home offers the best of a treechange and sea change within the Sydney basin.
The four bedroom home on Bynya Road was only completed in September last year. Circumstance now sees it listed for sale.
Sitting below a sandstone crop on a steep 715 sqm parcel that cost $830,000 in 2003, the home is almost invisible from the street.
The internal space measures 166 square metres with all living spaces and bedrooms configured on the north side of the house to take advantage of the northern sunlight. All its passageways are on the south side of the house.
<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/2017/11/1/Murcutt3.jpg" alt="">
The master bedroom and bathroom are on the upper level, as are the kitchen, dining and living space that extend to a partially covered veranda with views to the south and west.
Three bedrooms, a bathroom and laundry are on the lower level.
The interior has been described as a calm and tranquil space with white walls, sealed concrete floors and hoop-pine lined ceilings.
The windows open to the native trees and sandstone crops.
<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/2017/11/1/Murcutt2.jpg" alt="">
On one wall hangs a tapestry, Orion M.C. by Victor Vasarely, which originally hung in the public lobby of the Harry Seidler-designed Australia Square. The tapestry was sold in 2003 and an important brief for the Donaldson House was to find a place in the house where the tapestry could be well viewed.
A suspended concrete staircase descends from the top level of the two-storey house that located in a high fire-risk area.
Its design and construction specifically meets the standards and regulations, with reinforced concrete foundations, steel roof rafters and toughened glass throughout, and the exterior of the house is clad with black-weathered zinc.
The house is economical and sustainable with water storage tanks, solar panels and no air conditioning. Opal white interlayered laminate roof glazing is set over the main stairwell where it has externally mounted, electrically operated, adjustable louvers for controlling light and heat. The two tanks have a total capacity of 7500 litres to be used for the laundry, bathrooms and in case of fire.
Now Modern House agency are seeking offers with a guide price of $ 4.1 million. Palm Beach's median house for four bedders is $2.75 million, according to CoreLogic.
Murcutt is considered Australia's greatest living architect. He won the prestigious Pritzker Architecture Prize in 2002, one of the highest distinctions in architecture.
On its award Murcutt was described as being scrupulously energy conscious.
In announcing the jury’s choice, Thomas J. Pritzker, president of The Hyatt Foundation, said Murcutt was "a stark contrast to most of the highly visible architects of the day."
Pritzker said Murcutt's "works were not large scale, the materials he works with, such as corrugated iron, are quite ordinary, certainly not luxurious; and he works alone."
His modernist inspiration extends well beyond the work of Mies van der Rohe, to the Nordic tradition of Aalto and the Australian wool shed, it was suggested.
Noting an age obsessed with celebrity, the glitz of ‘starchitects,’ backed by large staffs and copious public relations support, the Pritzker Prize jury chairman, J. Carter Brown, commented Murcutt worked in a one-person office on the other side of the world from much of the architectural attention
His houses were testament that aesthetics and ecology can work together to bring harmony to man’s intrusion in the environment, the judges noted.
This article was first published in The Weekend Australian.
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Donaldson House at Palm Beach, a house designed by Glenn Murcutt still listed

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A waterfront Palm Beach house has been listed for sale by the Pongrass family.
Nick Pongrass, who heads Pongrass Properties, and his wife Leigh, hold $5 million hopes.
Located at <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-126453150">9 Thyra Road</a>, the 575 square metre property has a strongly influenced BKH design while retaining an old style beach feel.
It has been featured in numerous design publications.
Built in 1940, it last sold in 2006 for $4,278,225 when bought from former finance executive John Mills and Greg Clark.
It features an open plan design with indoor/outdoor living spaces with sandstone feature walls and bifolding glass walls.
<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/2017/09/20/9%20Thyra%20Road-2.jpg" alt="">
The bedrooms, study and bathrooms have the feel of a boutique hotel while the kitchen is sleek and streamlined.
There is also a DA approved plans for a double garage and self-contained studio.
It comes with self-contained boat shed with ramp and pool on Pittwater.
The property is offered through Michael King of LJ Hooker.
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Pongrass family list waterfront Palm Beach house

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A triple block site with development prospects in picturesque Palm Beach on the Gold Coast has been listed.
The 1,215 sqm parcel at <a href="https://www.realestate.com.au/property-residential+land-qld-palm+beach-201914194" target="_blank">16,18 and 20 Seventh Avenue</a> is being marketed via an expressions of interest campaign closing on October 23.
The listing agents are Kevin Wheatley and Tanaka Jabangwe of Ray White.
The site comprises three blocks of land that have been owned privately by a local family for more than 15 years, Wheatley said.
“The owners have decided that now is the right time to sell,” he said.
This block is close to the beach and has potential for mixed-use development subject to council approval.
“Palm Beach is currently undergoing gradual gentrification with no signs of slowing down,” said Wheatley.
Jabangwe said the north facing property is in the centre-zoned region of Palm Beach with a height restriction of 39m and residential density ‘RD7’, allowing for one bedroom per 25 sqm of net site area.
“Commercial activities are largely promoted within the zoning, priming the site for a mixed-use development,” he said.
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Palm Beach, Gold Coast development site for sale

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Car dealer Phil McCarroll has spent $6 million in Palm Beach to buy the weekender of investment banker Paul Espie and his wife Roslyn.
Craboon, the 1920s stone cottage with Howard Tanner extension, was first listed in 2015 with $6.5 million plus hopes.
The weekender sits on the Pacific Road dress circle which triggered his naming his advisory company, Pacific Road Capital.
The Tanner designed family pavilion with three bedrooms is linked by a covered walkway to the renovated sandstone cottage that has a master suite and a study.
The Darling Point based couple are spending more time in the Hunter where they bought a grazing property in Dungog in 2012.
McCarroll owns at nearby Duffys Forest where he bought his acreage in 2009 for $5.1 million.
The Espies listed their weekender through LJ Hooker’s David Edwards and David Mackay.
<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/2017/09/08/Palm%20Beach-2.jpg" alt="">
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Car dealer Phil McCarroll pays $6 million for Palm Beach property

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The Palm Beach sandstone mansion Seasong has been sold by the Playoust family.
It had been on the market for almost two years with an initial asking price of around $15 million reported back in October 2015.
Its last advertised price had it pegged at between $8.8 million and $9.2 million.
Julian, Nicholas, Margarita and Luke Playoust, who were the beneficiaries of the Tattersall gambling empire, listed the weekender after it had been in the family for nearly five decades.
The land, that sits between Florida Road and Mitchell Road, was initially secured by patriarch architect John Playoust in 1967.
He paid $15,000 for the block in 1967 when he bought from Bible Garden founder Gerald Hercules Robinson.
The family then spent $2.55 million in 2006 expanding the holding, again buying from Robinson. This 700 sqm block was a garden installed by Robinson.
The original cottage in the first purchase was rebuilt by architects John Hooghuis and Luke Playoust to create a striking three level home on the cliff of Florida Road.
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2010.59.02%20am.png" alt="">
Set at the sheltered ocean pool end of Palm Beach, Seasong has six bedrooms and a four person elevator.
The home has northerly beach views to Barrenjoey Headland, Pittwater and the Central Coast.
Christie's International agent Ken Jacobs marketed the home in conjunction with David Watson at LJ Hooker Avalon.
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Seasong at Palm Beach sells after nearly two years

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Leading mortgage industry executive Andrew Hall and wife Bridget have emerged as the $6.55 million buyers of Pegasus, a Palm Beach headland house.
It was passed in on a $6.2 million vendor bid mid-year.
Located at Rock Bath Road, Pegasus last traded in the 1970s when bought by the now retired law professor Jane Swanton.
Swanton was the first female graduate of the law school to be appointed to the lecturing staff of Sydney University.
With two storeys, it offers four to five bedrooms and two bathrooms in its original condition.
It has a northern aspect with views across Palm Beach from its 1144 sqm block.
It last sold in 1977 by the veteran real estate agent Reg Window for $86,000.
The property, which only has on-street parking available, was offered through LJ Hooker agents David Edwards and Peter Robinson.
"Subject to council approval, there is scope and possibility to construct driveway access and then fully realise the potential of the site," their marketing suggested.
The Roseville-based Hall is the former chief executive officer of Advantedge Financial Services which had $135 million in mortgages under management.
He's also been in senior executive roles at Challenger Mortgage Management, Zurich Capital Markets, Macquarie Bank and Bankers Trust.  
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<div>This article first appeared in the Sunday Telegraph.</div>
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Mortgage industry executive Andrew Hall buys Pegasus, Palm Beach

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The former Australian trade minister Andrew Robb and wife Maureen have bought at Palm Beach as they return to Sydney from Melbourne.
They paid $3,735,000 for Indigo, a luxury hill top trophy home, snapping it up a week before its recent auction.
It's just across the road from the home of their daughter, Pip who has run the nearby The Boathouse at Palm Beach with her Andrew Goldsmith for many years. 
"We just want to see more of the grandchildren," he said. 
The recent acquisition comes with central alfresco courtyard. There's three bedrooms, two bathrooms, a study and an ocean facing entertaining terrace with swimming pool.
The home, last traded for $3.1 million in 2011, was marketed as having one of the best northly views in Palm Beach.
Robb's legacy as Minister for Trade and Investment in the Abbott government was having carriage of the final negotiations that resulted in several Free Trade Agreements. 
Robb, who represented the Brighton-based Goldstein electorate in Melbourne between 2004 and 2016, now travels the world piecing together international trade deals.
His most recent success was securing a deal for Gina Rinehart's burgeoning cattle business. The agreement with a Chinese joint venture company will give it a beef supply chain stretching from the Australian paddock to the Chinese plate through a feed-lot and processing centre on Jintang Island in north-eastern China.
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Andrew Robb buys at Palm Beach

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Mike Sneesby, chief executive of the Australian streaming site Stan, has bought a weekender in Palm Beach.
The digital executive, who likens his role as being engaged in "a war of content acquisition", spent $1,875,000.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-124652450" target="_blank">1998-built three-storey, three bedroom house</a> was listed through LJ Hooker agent Peter Robinson.
It is on an 805 square metre battleaxe block on the hilltop overlooking McKay Reserve.
Palm Beach's current median price for three bedroom homes is $2.55 million, according to CoreLogic.
This article first appeared in the Sunday Telegraph.
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Stan chief executive Mike Sneesby buys Palm Beach weekender 

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Construction boss Richard Crookes and wife Lynn have expanded their Palm Beach weekender holding.
They've paid $6 million for a four bedroom home on <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-124698674" target="_blank">a 880 square metre Ocean Road dress circle corner</a>, neighbouring their 1000 square metre Palm Beach Road holding that cost $4.4 million in 2007.
The couple have just listed the new acquisition in the holiday resort suburb's rental pool, asking $1,500 a week through LJ Hooker Palm Beach, which would reflect a 1.5% yield, so they appear likely to have redevelopment in mind, along with view preservation.
LJ Hooker Palm Beach agent David Edwards had the listing of the single storey brick offering.
Richard founded Richard Crookes Constructions in 1976, one of Australia's largest and most successful private construction companies.
This article first appeared in The Daily Telegraph.
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Construction boss Richard Crookes expands Palm Beach holding

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Pegasus, a Palm Beach headland house, remains for sale having been passed in on a $6.2 million vendor bid.
Located at <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-123430822" target="_blank">18 Rock Bath Road</a>, Pegasus has a northern aspect with views across Palm Beach.
It was last traded in the 1970s when bought by the now retired law professor Jane Swanton. Ms Swanton was the first female graduate of the law school to be appointed to the lecturing staff of Sydney University.
With two storeys each floor can be used independently of each other.
It offers four to five bedrooms and two bathrooms all mostly in its original condition.
<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/2017/04/09/18%20Rock%20Bath%20Road-2.jpg" alt="">
Sitting on 1144 sqm, the property only has on-street parking available, however there is the suggested possibility to construct a driveway with approval.
Located next to the public pathway at the south end of the beach, the property was offered through LJ Hooker agents David Edwards and Peter Robinson.
There were $12 million hopes last year.
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