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.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Palm Beach

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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has sold for $3.8 million.

It marks the sell-out of the luxury Gold Coast development.

The four-bedroom, three-bathroom apartment spans across levels nine and 10 of the building.

Set over 464sqm, the residence offered floor-to-ceiling windows, private rooftop pool, integrated barbeque and sheltered dining for entertaining.

Designed by Bureau Proberts, 77 Jefferson offered 360 degree views of the ocean, hinterlands and Surfers Paradise in their full-floor residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jefferson.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jefferson.jpeg?itok=YGSLuYQw" width="580"></a>

All car spaces secure on ground level with no basements required, with other amenities including a communal recreation area with kitchenette, cinema and washroom.

The landscaping was by Bryns Lardner.

The penthouse was the last opportunity to buy in the building with all eight offerings now sold following its construction by Hutchinson Builders.

Olindah Property Group’s James Meredith and Nicole Riley marketed the property which was originally listed with an asking price of $3.995 million.

Prices within the development ranged between $1.29 million and $2.47 million, which saw all the full-floor residences sold within three months of launch.

BluePoint is directed by Marcus Dore, who prior to founding the company with Geordie Whitcombe, held positions with national companies including Walker Corporation, Mirvac and Colliers International.

Whitcombe was previously a development manager for Woolworths Limited, and ran his own development and advisory business.

The group's prior projects include East Palm Beach and Sea Palm Beach.

<h2>Developments nearby</h2>

<h2>Palm Beach Residences</h2>

The Palm Beach Residences, designed by the award-winning BDA Architecture, are selling two and three bedroom apartments starting from $554,000.

Slated for completion in 2022, Palm Beach Residences, located between Burleigh Heads and the captivating Currumbin Point, responds beautifully to its coastal setting, inspired by waves, with undulating, organic forms found throughout the development.

Each home features expansive glazing to make the most of the panoramic ocean views of Burleigh Heads, Pacific Ocean, Currumbin, and Hinterland.

<img alt="" height="1344" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palm_beach_residences.jpg" width="2000">

The development also includes an exceptional selection of resort-style amenities on-site including:

 - 18m resort pool

 - Beach shower

 - Sauna

 - Private dining 

 - Boardroom

 - BBQs &amp; Pizza oven

 - Sun lounges

 - Zen garden

 - Work-from-home facilities

 - Bicycle &amp; surfboard racks

 - Lounge and fireplace
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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has been sold

urban.com.au

Palm Beach penthouse sale marks sell-out of 77 Jefferson

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A luxury waterfront at Palm Beach on Queensland's Gold Coast has been sold for a record price of $5.05 million.
The home at <a href="https://www.realestate.com.au/sold/property-house-qld-palm+beach-134590966" target="_blank">146-150 Tallebudgera Drive</a> fetched a record for canal front property in the suburb, according to Kollosche selling agent Rob Lamb.
It came with a six-bedroom, six-bathroom early 1980s house on the 2740 sq m holding.
The auction attracted 25 registered bidders including strong interest from interstate buyers, one of them picking up the keys having bid from a phone.
The agents fielded over 240 inquiries and had 136 inspections over the 35-day campaign, the Gold Coast Bulletin reported.
There were 25 registered bidders 
The block has 75 metres of water frontage.
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j.ballantyne1990-6AQqhLzZaK

Palm Beach, Gold Coast trophy home sells for $5.05 million

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The retail veteran, former Woolworths and Myer boss Bill Wavish and wife Vonnie have snappily sold their Palm Beach weekender.
<a href="https://www.propertyobserver.com.au/%20%20%20%20https:/www.realestate.com.au/sold/property-house-nsw-palm+beach-134099254" target="_blank">The award-winning Bynya Road home</a> had a guide of $7.5 million with its buyer found in under two two weeks through LJ Hooker's Peter Robinson.
Wavish paid $5.45 million for the Michael Robilliard-designed home in 2009, shortly after he stepped away from his Myer chairmanship.
Back then it was known as Koombahla.
But the Wavish's haven't been using it much, and over their 11 year ownership it's been a pricey rental at times, fetching $25,000 a week in peak season.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%204.25.38%20pm.png" alt="">
The hilltop 2,370 sqm tropical estate homes a six bed mansion built outs of timber, natural stone and glass.
The downsizing Wavish's have also sold their Kurrabba Point mansion.
 
 
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jrobinson-rf4aSBido9

Bill Wavish sells Koombahla, Palm Beach weekender

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A waterfront trophy home in Queensland’s Palm Beach has been listed for sale for $2.7 million.
Located at 42 Parnki Parade, the property features five bedrooms, four bathrooms, a lockup garage, in ground swimming pool, and direct beach access.
<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/2020/7/15/PB%202.jpg" alt="">
The block comprises 836 square metres.
It was built in 1993.
It was last sold in 2004 for $765,000.
Palm Beach’s median house price in $900,000.
Michael Power, from PRDnationwide, has the listing.
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Palm Beach trophy home listed for $2.7 million

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Lisa Keighery has listed her Snapperman Beach, Palm Beach retreat with $17 million hopes.
The beachfront, set on the prized Iluka Rd, is being marketed by McGrath agent William Manning as a classic contemporary home.
“It is the epitome of beachside luxury and style,” Manning said. Keighery, who used architect Alexander Roth along with Marco ­Meneguzzi for the interiors, is now seeking a Southern Highlands cottage project, and to buy back into the Sydney market.
Her home was bought for $7,555,000 in 2007, a year before her fashion-designer husband Mark Keighery died, having fought cancer for 10 years.
<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/2020/7/13/palm%20beach%201.jpg" alt="">
Her listing follows the ­recent $9 million nearby purchase by Anthony Scali, the retail family’s third buy. The Mitchell family had paid $72,500 in 1977. Goldman Sachs’ Zac Fletcher bought the adjoining building block for $10.35 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/2020/7/13/palm%20beach%202.jpg" alt="">
The top sale on Iluka Rd remains Uncle Toby’s founder Doug Shears, who bought Anakela for $15 million in 2007 from the late grocery ­tycoon Jim Fleming.
<div class="story-content">
This article was first published in the Sunday Telegraph. 
</div>
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firstname1-iYD4UYzvBa

Lisa Keighery lists Palm Beach trophy with $17 million price tag

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A classic 1920s Palm Beach cottage with only two previous owners has been sold for $4,340,000.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-131984990" target="_blank">Florida Road property</a> dates back nearly 100 years with its original hardwood floors, panelled walls and sandstone fireplace.
The 1,305 sqm parcel of land features an elegant interior, a kitchen, three double bedrooms and two bathrooms inside the single level layout house, and rolling lawns outside. 
The elevated position of the property allows for clear views of Palm Beach which is a ten minute walk away. 
It was listed for the first time since the 1960s when sold through Ray White estate agents Noel Nicholson and Tom Fernon.
<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/2020/5/27/7_Palm%20Beach%20Views.jpg" alt="">
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Classic 1920s Palm Beach cottage sold for $4.35 million

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Lisa Keighery, widow of Marcs founder Mark Keighery, has listed her Woollahra terrace.
It has $2.5 million to $2.6 million.
Keighery will move permanently to Palm Beach, where her $7.55 million Snapperman Beach has been recently renovated.
Keighery bought the Junction Street terrace for $2.21 million in 2017.
It was when she was trading down from her former home opposite the Lough Playing Fields which sold for $4.2 million.
The last sale on Junction Street was $2.5 million last December. It has barely gone up on its $2.39 million sale in 2017.
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Lisa Keighery lists Woollahra terrace

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The Palm Beach trophy home Melaleuca has hit the market with $20 million hopes.
It has been listed by Caroline Jumpertz, the daughter of the late media legend Sam Chisholm after 26 years of family ownership.
It is located between billionaire Gretel Packer’s $24 million home and the Kalua estate that sold in 2012 to retired car dealer Laurie Sutton in 2012.
It sits on 2564 square metres opposite the beach, with access from Florida Road and Ocean Road.
<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/2020/2/6/Chisholm%20Palm%20Beach%202.jpg" alt="">
Sam Chisholm, who died in 2018, aged 78, bought a modest weatherboard for $3.1 million in 1994 and then commissioned a pavilion-style residence from Susan Rothwell.
Melaleuca was once owned by novelist Morris West who sold it in 1978 for $195,000.
Palm Beach’s most recent trophy sale saw Dominic Roche buy Palm Haven on the Pittwater beachfront last year.
Last year <a href="/news/entrepreneur-markus-kahlbetzers-bridgelane-buys-sam-chisholms-bundarbo-station">Chisholm's Bundarbo Station</a> sold to agriculture entrepreneur Markus Kahlbetzer.
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Chisholm family Palm Beach trophy home Melaleuca hits the market with $20 million hopes

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Spring selling season brought a belated revival in prestige sales across Sydney, in a year when few of the big sales were on the harbour.
With just three weeks to go, 2019 will have recorded the cheapest tally of Sydney trophy home sales of the past seven years. My tally is $385 million, with a $15 million sale sufficient to qualify for the top 20.
Despite the 2018 downturn, last year there were 20 sales at $20 million or more, grossing $675 million, up from $550 million in 2017.
This year’s top five sales in 2019 all came in spring.
The top trophy home sale was $40 million in Point Piper when Westpac board member Steve Harker sold his harbourfront to entrepreneur and start-up investor Gabriel Jakob, co-owner of the Early Learning School company.
The low-key Harker sold on extended settlement terms, with the actual price only to emerge some time next year. Harker had owned the home since 1993 when he paid $2.01 million. The $40 million was nowhere near 2018’s top sale, the $100 million Fairwater on the Double Bay beachfront.
The low level of activity mimicked the overall vendor hesitancy across the entire market, with also an absence of international buyers in the market. Rose Bay was the surprise hot spot with four sales, followed by traditional streets of gold on the Point Piper peninsula­. Vaucluse and Darling Point, Mosman and Manly also had two sales each. There were eight true waterfronts on the list, along with a few waterfront reserve homes and those with harbour views.
The most intriguing sale was Bomera, the Italianate non-waterfront clifftop mansion at Potts Point that sold for $34 million. Its harbour views are often blocked by navy vessels berthed at Garden Island.
Leanne Catelan, daughter of late property data pioneer Ray Catelan, had bought it for $12.5 million in 2013 after it was renovated by property developer­ Jorge Fernandez, who had been guided in its restoration­ by former PM Paul Keating. I previously tipped Bomera as the perfect bolthole for steel baron Sanjeev Gupta — and, sure enough, he’s just downsized to Bomera from his Barford, Bellevue Hill $30,000-a-week rental.
Bomera (pictured top) was technically bought by a trust created under the local company directorship­ of society stockbroker Les Owen.
The second highest sale was when plastic surgeon Michael Miroshnik sold his Vaucluse non-waterfront home, designed by Kaintoch Design Studio, for $38 million to Sunny Ngai, whose family makes Quilton toilet paper.
On the pricey northern peninsula, Palm Haven, the Phillip Cox-designed beachfront home at Palm Beach sold to the property developing Roche family for $20.5 million. The trophy home (pictured below), bought as a weekender, ranks as the third-most expensive sale all time in Palm Beach.
<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/2019/12/20/palm%202.jpg" alt="">
Amid the big hits, there’s also been plenty of misses. It was reported in August­ there had been a $60 million offer from a Hong Kong buyer for Ganeden, but the sale of the Vaucluse home of lawyer John Landerer hasn’t eventuated.
There were upsets too. Entrepreneur­ Alex Ma thought he secured $30 million for his Vaucluse home in March, but it appears not to be proceeding to settlement.
And there’s plenty of unsold stock that appears stuck on the market with pricing issues­.
This article first appeared in The Daily Telegraph. 
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Spring sees jump in trophy home sales in 2019's top 20

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Morris Symonds, the Bellevue Hill-based partner of investment company Alceon, has spent $8.2 million in Palm Beach.

They've emerged as the buyers of Sandy Point Lodge, the Barrenjoey Road waterfront that once belonged to famed fashion designer Trent Nathan.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/19/PALM%202.jpg">

Nathan sold the property for $5,125,000 in 2003, when bought by the current vendors, adman Lionel Hunt and his wife Judy.

The classic updated 1940s cottage has three bedrooms and a 10 metre swimming pool on its 1,075 square metre block.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/19/PALM%203.jpg">

LJ Hooker Palm Beach agent Peter Robinson secured the Barrenjoey Road sale. 

Symonds co-founded Alceon in 2010.

This article first appeared in The Daily Telegraph. 

<h2>QLD properties now selling:</h2>

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