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 Point Piper-based rag trader Stephen Leibowitz and his wife Pamela have bought the Palm Beach historic home Craig Rossie.
<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-127097158" target="_blank">They paid $6,025,000</a> for the Snapperman Beach weekender, some two years after its initial offering.
It was built in 1936 for grocery chain-owner Andrew Derrin, and bought by World War II fighter pilot-turned-author Paul Brickhill in 1960 following publication of his novel The Great Escape.
Following Brickhill’s divorce from model Margaret Slater in 1964, it sold for £23,900 to the late Emmanuel and Valda Georgouras.
They subdivided in 1987, carving off what is now Mana Moana next door for $1.66 million to the rag trader Gary Leonard.
Valda died in 2012, aged 91, and it was listed two years ago.
The 1150-square-metre property in the north-facing corner of the beach was recently offered through LJ Hooker agent David Edwards.
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Craig Rossie, Palm Beach weekender sold to Point Piper rag trader

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Former Gold Coast Titans star Nate Myles has done quite nicely from the sale of his former Palm Beach home having quit the Gold Coast with wife, former Home and Away actor Tessa James.
The now retired NRL star pocketed $937,000 for the Queensland home that cost him $720,000 in 2011.
Myles, who previously owned an apartment in Cronulla and Maroubra, bought the four bedroom Gold Coast home with pool after joining the Gold Coast Titans.
It was around a month before he married James.
Myles and James, who have recently welcomed their first child, have been based in Melbourne since Myles joined for a brief stint in 2016 before hanging up his boots.
Myles retains a number of investment properties in his native Queensland.  
His mate and ex-Manly team mate Daly Cherry Evans has an investment at Mermaid Beach.
This article first appeared in The Daily Telegraph. 
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Titans legend Nate Myles sells up at Palm Beach

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Andrew and Pip Goldsmith, who made their name in hospitality as the Boat House restraurant owners, have secured a $3.85 million buyer for their nearby Palm Beach home, with plans to buy elsewhere on the northern beaches peninsula.
They have given the three bedroom home a recent facelift, after paying $2,625,000 in 2015 on 12 month delayed settlement terms.
Having moved in with baby Darcy in tow, they have since added to their family, and decided against major renovations.
LJ Hooker Palm Beach agent Peter Robinson who sold the classic 1930s beach house on a 780 sqm Norma Road parcel had offered a $3.4 million price guidance.
The Northern Beaches power couple's Boathouse Group, runs the Palm Beach and Balmoral Beach Boathouse kiosks, Le Kiosk at Shelly Beach in Manly, Moby Dicks at Whale Beach and most recently bought the Patonga Beach Hotel. 
Andrew told the Manly Daily as soon as they walked in at its open for inspection it felt like home. 
<div>
“We love Palm Beach and Whale Beach,” he said.
Pip is an interior designer and worked on the internals using her homewares store Boathouse Home, while Andrew has a background in horticulture and took care of outside.
A guest studio sits in the professionally designed gardens with evergreen shrubs, natural rock formations and dry stone walls.
They had plans drawn up to add a second storey which would have added another bedroom, more living space and a swimming pool.
The open plan living and dining area looks over the whole of Whale Beach from its ridgeline position.
</div>
Last year Pip's father, former Australian trade minister Andrew Robb and wife Maureen bought across the road to be closer to their grandchildren.
They spent $3,735,000 on Indigo, the luxury hilltop trophy, well before its scheduled auction.
Their home was marketed as having one of the best northly views in Palm Beach.
There have been other culinary offerings around the neighbourhood over recent years.
Norma Road home is not far from the longtime home of the acclaimed chef Greg Doyle and wife Jenny.
The couple have owned the Norma Road home since they paid $500,000 in 1989.
They came to prominence after their 1991 purchase of Pier, Rose Bay's famed waterfront eatery.
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Pip and Andrew Goldsmith sell at Palm Beach in strong hillside sale

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A former Palm Beach motel has sold for $2.7 million.
Its use was changed to permanent letting three years ago.
The <a href="https://www.raywhite.com/qld/palm-beach/1801163/?lang=en" target="_blank">1203 Gold Coast Highway property</a> was sold by Anthony and Wendy Cummins to Dayview Holdings Pty Ltd.
It is linked to Harvey Norman executive Steve Cavalier.
The two-level building previously operated as the Surf 'N' Sand Motel.
Set on a 818 square metre site, the building has 11 bedrooms.
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j.ballantyne1990-6AQqhLzZaK

Surf 'N' Sand Motel sells at Palm Beach

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Northern Beaches power couple Andrew and Pip Goldsmith, who late last year emerged as the buyers of the Patonga Beach Hotel, have listed their Palm Beach home.
The creative duo have been running The Boathouse on the same road. They're also behind a number of Boat House venues at Shelly Beach and Balmoral, as well as Moby Dicks Whale Beach. 
They paid $2,625,000 for the classic 1950s beach house in 2015, but didn't settle until late 2016. 
Complete with a recent face lift, the main home has three bedrooms and three bathrooms. A guest studio with its own bathroom sits adjacent to the main house.
It sits on a 780 square metre Norma Road parcel and is set in gardens professionally designed with evergreen shrubs, natural rock formations and dry stone walls.
The open plan living and dining area looks over the whole of Whale Beach from its ridgeline position.
LJ Hooker Palm Beach agent Peter Robinson has May 2 auction.
It's not expected the couple are moving far, as it was only last year that Pip's father, former Australian trade minister Andrew Robb and wife Maureen, bought across the road to be closer to their grandchildren.
They spent $3,735,000 on Indigo, the luxury hilltop trophy, well before its scheduled auction.
Their home was marketed as having one of the best northly views in Palm Beach.
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Power couple Andrew and Pip Goldsmith list in Palm Beach

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A chic beach house with postcard views over Pittwater has been bought by Grant Samuel Funds Management executive chairman Andrew McKinnon and wife, Alyssum.
Michael King at LJ Hooker Palm Beach, who described the three bedroom home as Palm Beach perfection, was seeking offers of around $5 million. Its fetched $4.6 million when sold recently by Nic and Leigh Pongrass.
<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-126453150" target="_blank">The 1940s waterfront home </a>sits on Thyra Road, an exclusive strip of just 10 homes on the sand. Only three homes have sold in the last decade. 
It last traded for $4.278 million in 2005 after an impressive renovation that featured in Belle Magazine when sold by former finance executive John Mills and Greg Clark.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/28/palm%20beach%202.jpg" alt="">
The latest design, strongly influenced by Burley Katon Halliday, sees white beamed ceilings contrast with sandstone feature walls. 
The sale comes with approval for a new garage and self-contained studio. 
 This article first appeared in The Sunday Telegraph. 
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Chic Pittwater beach house fetches $4.6 million

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A chic beach house with postcard views over Pittwater has been sold at Palm Beach by the Pongrass family. 
Nick Pongrass, who heads Pongrass Properties, and his wife Leigh, held $5 million hopes.
The 1940s waterfront home sits on the tightly held Thyra Road, an exclusive strip of just 20 homes on the sand. Only three homes have sold in the last decade. 
It last traded for $4.278 million in 2005 after an impressive renovation that featured in Belle Magazine when sold by former finance executive John Mills and Greg Clark.
The latest design, strongly influenced by Burley Katon Halliday, sees white beamed ceilings contrast with sandstone feature walls. Lots of light features. 
Meeting the water is a self-contained boat shed with ramp, outdoor shower and pool.
Michael King at LJ Hooker Palm Beach, who describes the three bedroom home as Palm Beach perfection, was seeking offers of around $5 million.
The sale comes with approval for a new garage and self-contained studio.
Last year there were over 50 house sales in Palm Beach ranging from $1.2 million to $12 million.
This article was first published in the Sunday Telegraph.
 
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Chic Palmie home sold by the Pongrass family

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The award-winning Gold Coast apartment of Bill McHarg, founder of property giant Colliers, is under contract.
The <a href="https://www.realestate.com.au/property-apartment-qld-palm+beach-126421994%20" target="_blank">La Vie penthouse at Palm Beach</a> spans 380 square metres with balconies.
The three bedroom, four bathroom apartment, designed by architect Bayden Goddard, was initially listed at $3.75 million.
The $3 million apartment on The Esplanade was sold by Ray White Mermaid Beach agent Scott Wagner in conjunction with Peter Stone at Real Estate of Distinction.
This article was first published in the Weekend Australian property section.
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La Vie, Palm Beach penthouse sold by Colliers founder

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Karala, the Palm Beach trophy home, sold pre-Christmas selling for $12 million, making it the highest sale in two years at the northern beaches suburb.
The seven-bedroom residence was bought by Mosmanites Silvana Marshall, wife of lawyer Richard Marshall, the former head of legal for mining giant Glencore Xstrata.
​Designed by architect Albert Hoggett, it was sold by Switzerland-based hedge fund manager Adrian Vanderspuy and his wife Vanessa, owners of the Oldenburg Vineyard in South Africa.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/8/karala.jpg" alt="">
The Vanderspuys listed it with a <a href="https://palmbeach.ljhooker.com.au/house-in-palm-beach-nsw-2108-au-5k0f6z#.WlKau1T1U1I">$12 million to $12.5 million</a> guide through David Edwards, of LJ Hooker Palm Beach in May. 
Set on Pacific Road, the 1700-square-metre property has been one of Palm Beach’s most expensive holiday rentals, <a href="https://www.luxurybeachhouses.com.au/collection/houses/palm-beach-luxury-accommodation/karala/" target="_blank">regularly fetching $25,000 a week</a> during the peak holiday season.
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Karala, the $25,000 Palm Beach peak season rental sold

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Former Foxtel boss Richard Freudenstein, who sits on the board of the realestate.com.au, has paid $3.35 million for the Palm Beach weekender.
It was bought from Jenny and Ross Parker of Parker Furniture who had commissioned Susan Rothwell to modernised the charming home.
LJ Hooker Palm Beach agent David Edwards sold <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-126506150" target="_blank">the home</a> which last traded for $320,000 in 1984.
This article first appeared in The Sunday Telegraph. 
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