<p>Lendlease’s Barangaroo South precinct is officially complete, marking the culmination of a 15-year urban regeneration project that has revitalised Sydney’s harbourfront.&nbsp;</p>

<p>In 2009, the NSW Government’s Barangaroo Delivery Authority appointed <a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a> as developer to transform what was once an inaccessible container port on the western edge &nbsp;of Sydney’s CBD into one of the city’s most thriving mixed-use destinations. Today, Barangaroo South is home to more than 1,800 residents, 23,000 workers, 95 retailers and welcomes 33,000 visitors each day. The precinct stands as an international benchmark for large-scale urban regeneration.&nbsp;</p>

<p>International Towers Sydney, the three flagship commercial buildings at the centre of &nbsp;Barangaroo South, together with engineered timber buildings Daramu House and &nbsp;International House, attracted major corporate tenants from the outset, including Westpac, &nbsp;PwC and KPMG, who are still there today. These workplaces remain some of the most &nbsp;sought after in Sydney’s CBD with over 95 per cent occupancy– a testament to the appeal of world-class, modern infrastructure alongside the precinct’s dining and entertainment that &nbsp;are a drawcard for businesses.&nbsp;</p>

<p>One Sydney Harbour, the three luxury residential towers designed by world-renowned architect Renzo Piano, has achieved more than $4 billion in sales since its launch in 2019, while setting new Australia property price records. This includes the three-level penthouse that crowns Residences One which sold for more than $141 million in 2019 – the most expensive individual residential property ever sold in Australia. &nbsp;</p>

<p>[smartcode_project:default project_id=139801 project_image_fid=349150]</p>

<p>Barangaroo South is also Australia’s first mixed-use carbon-neutral development, an accolade achieved through energy-efficient and innovative infrastructure, including a district cooling plant with a harbour water heat rejection system, a recycled water &nbsp;treatment plant, onsite solar and an embedded electricity network.</p>

<p>The precinct has maintained its Climate Active Carbon Neutral certification since 2019, affirming its &nbsp;reputation as the gold standard in large scale, sustainable urban renewal. Additionally, its &nbsp;world leadership status has been validated by the Green Building Council of Australia’s &nbsp;6 Star Green Star Communities recertification (Pilot v.2).</p>

<p>[smartcode_project:default project_id=139801 project_image_fid=349157]</p>

<p>First Nations cultural values were embedded throughout the planning and delivery of the project. The precinct honours Barangaroo, a prominent First Nations woman, through its &nbsp;name. Public art, street names, and design elements across the precinct reflect and &nbsp;celebrate First Nations cultures and connections to Country.&nbsp;</p>

<p>The project's completion positions Barangaroo South as a legacy urban transformation delivered through long-term partnerships and world-leading urban regeneration and placemaking capabilities. &nbsp;</p>

<p>[smartcode_project:default project_id=139801 project_image_fid=349154]</p>

<p>Tony Lombardo, Group CEO Lendlease, said&nbsp;Barangaroo South represents one of the most significant urban regeneration projects in Australia.</p>

<p>"[It] demonstrates what can be achieved through an ambitious vision, innovative placemaking, long-term commitment and strong partnerships. The precinct has changed the face of Sydney's waterfront, established new benchmarks &nbsp;for sustainable development, and provided a model for urban regeneration that continues &nbsp;to inform our approach to creating places that deliver long-lasting value.”&nbsp;</p>

<p>Tom Mackellar, CEO Development Lendlease, said&nbsp;Barangaroo South has reconnected the city to its harbour in a way that seemed unimaginable 15 years ago and turned it into a thriving precinct where people can live, work and gather on the harbour’s edge.&nbsp;</p>

<p>“This precinct is the result of countless contributions, led by the NSW Government who set the ambition, supported by investment partners who believed in Lendlease’s vision, imagined by architects and designers, shaped by consultants and artists, and brought to &nbsp;life by our dedicated construction teams. &nbsp;</p>

<p>“What we’ve created here is more than buildings – it’s the best of placemaking, sustainability, arts and culture and quality design. Barangaroo South has become an integral part of Sydney that will serve our city and economy for generations.”</p>


Staff Writer

Barangaroo South’s 15-year transformation of  Sydney’s waterfront officially complete

<p>CBE Asia Pacific has lodged plans for a prominent corner site in Fitzroy North, with a proposal that integrates state-significant affordable housing alongside heritage adaptation and new retail.</p>

<p>The application covers a consolidated 2,024 sqm parcel at 201–215 Queens Parade and 6–12 Dummett Crescent. The site includes the heritage-listed Former Clifton Motor Hill Garage, fronting Queens Parade, and vacant land to the rear abutting Dummett Crescent.</p>

<p>According to planning documents prepared by proUrban, the proposal seeks approval for a 12-storey residential building comprising 98 apartments, including a component of affordable housing, over a ground floor retail podium integrated within the heritage structure. Approximately 780 sqm of retail space will occupy the ground floor, while residents will have access to over 850 sqm of communal amenity.</p>

<p>The built form presents as two connected volumes: a 12-storey tower addressing Dummett Crescent and a five-storey volume fronting Queens Parade, the latter consistent with a separate Heritage Victoria permit granted in 2023. The tower reaches a maximum height of 38.26 metres, with upper-level setbacks of 14 metres from the western boundary to reduce visual bulk. A 1.5-metre footpath widening is proposed to Dummett Crescent Lane.</p>

<p>Parking is provided across four basement levels, accessed via Dummett Crescent, with a total of 142 car spaces and 143 bicycle spaces.</p>

<p>The architectural response by <a href="https://www.apartments.com.au/architects/cht-architects">CHT Architects</a> is framed by a need to reconcile new density with a sensitive heritage overlay. The Former Clifton Motor Hill Garage, identified as a place of State heritage significance, will retain its key façades, with demolition and reconstruction limited to approved elements.</p>

<p>As noted in the Heritage Impact Assessment, the proposal remains consistent with the Heritage Victoria permit, which allows "partial demolition, reconstruction and new works, involving the construction of a five-storey multi-use development and three basement levels".</p>

<p>Affordable housing has been embedded into the proposal under Clause 53.23, with specific apartment allocations aimed at enhancing housing diversity within the Queens Parade Activity Centre.</p>

<p>"The proposal is generally consistent with the relevant policy objectives and the intent of the Yarra Planning Scheme," proUrban states in its planning assessment, citing its alignment with strategic documents including Plan Melbourne and Victoria’s Housing Statement.</p>

<p>CHT Architects' plans emphasise a tiered design that acknowledges the site's varied interfaces—from the elevated Heidelberg Road ramp reserve to the recently built Clifton Views aged care facility to the north-east.</p>

<p>CBE Asia Pacific has not been previously active in this precinct, but the project joins a wave of higher-density residential proposals along the Queens Parade corridor, spurred by Melbourne’s broader push to increase affordable housing in well-connected inner-urban areas.</p>

<p>The site benefits from direct access to the Queens Parade tram corridor and proximity to Clifton Hill Station (approximately 200 metres), as well as green open spaces including Mayors Park and Raines Reserve. Clifton Hill Primary School and the Queens Parade retail village lie within walking distance.</p>


First look: CBE Asia Pacific plans 100-apartment Jenkin House on Queens Parade, Fitzroy North

<p>ALT Pasta, one of Melbourne’s most beloved inner-city pasta bars, has been confirmed as one of the first tenancies for the highly anticipated <a href="https://www.apartments.com.au/new-apartments/comme-prahran-182-194-commercial-road-prahran-vic-3181">Comme Prahran</a> development, marking an exciting next chapter for the cult favourite as it prepares to expand into the heart of <a href="https://www.apartments.com.au/developments/prahran-vic-3181">Prahran</a>.</p>

<p>Fresh off being named National Best Italian Restaurant at the 2025 Restaurant &amp; Catering Hostplus Awards for Excellence, ALT continues to solidify its reputation as a quietly confident leader in Melbourne’s dining scene. Lauded for its reinterpretation of Italian pasta through a Korean and Japanese lens, the restaurant has grown into a staple since opening three years ago, and its new Prahran outpost will only deepen its local impact.</p>

<p>“From the very beginning, ALT has been about respect - for tradition, for ingredients, and for the process,” shares Mino Han, ALT’s founder, a Korean-Australian chef whose vision is shaped by cultural duality and craftsmanship.&nbsp;</p>

<p>“We’re not trying to reinvent the wheel, just make something beautifully familiar, feel quietly special,” added Han.</p>

<p>[smartcode_project:default project_id=108413 project_image_fid=353585]</p>

<p>Positioned at the entrance to Comme Prahran and directly opposite the iconic Prahran Market, the new venue will celebrate the interplay between casual comfort and elevated detail. Designed in collaboration with Rooftop Architecture, the same team behind ALT’s flagship city location, the space will mirror the neighbourhood’s laid-back energy while staying true to the brand’s understated refinement.</p>

<p>Diners can expect a frequently changing menu that takes advantage of the market’s daily produce, along with set menu offerings exclusive to this location. A distinctive chef’s table and open kitchen format are also in the works, allowing guests to experience ALT’s signature intimacy and transparency in a new light.</p>

<p>ALT Prahran won’t replace the original venue; rather, it complements it.</p>

<p>“Our city site is like our heritage bottle; it’ll age gracefully. Prahran is where we’ll play, explore new ingredients, and bring something special to the community,” Mino notes.</p>

<p>[smartcode_project:default project_id=108413 project_image_fid=353584]</p>

<p>For Comme Prahran, a boutique development by Leeka that blends heritage with multi-dimensional wellness, ALT Pasta’s arrival signals a meaningful addition to its vision of cultural connection, food-first living, and local engagement.</p>

<p>“Being part of Comme is more than just opening a second venue. It’s about contributing to a neighbourhood with character, history, and a strong sense of community. That’s something we deeply relate to,” says Mino.</p>

<p>Sustainability and cultural identity are deeply embedded in the ethos of ALT. From ingredient sourcing to interior design, the new location will reflect both environmental mindfulness and a spirit of inclusion, embodying the values of Melbourne’s diverse, forward-thinking culinary scene.</p>

<p>Comme Prahran is scheduled for completion in late 2027, with ALT Pasta expected to be among the first tenancies to open its doors shortly after.</p>

<p>[smartcode_project_cta:default project_id=108413]</p>


National best Italian restaurant ALT Pasta to open at Comme Prahran, bringing refined familiarity to Melbourne’s culinary heart

National BEST Italian restaurant ALT Pasta to open at Comme Prahran

<p><span id="cke_bm_2771S" style="display: none;">&nbsp;</span>Boutique development and construction firm Ryser has filed plans for its debut apartment building.</p>

<p>Ryser, founded by Jonthan Ryan and Wil Prosser, has sought to develop <a href="https://www.apartments.com.au/new-apartments/sorelle-4a-fern-place-woollahra-nsw-2025">Sorelle</a>, 28 new apartments at 4a Fern Place, Woollahra.</p>

<p>The&nbsp;750 sqm site on the edge of Bondi Junction falls within the Grafton Precinct Heritage Conservation Area, though it is currently vacant and not identified as a contributory item.&nbsp;</p>

<p><a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> has been commissioned to design Sorelle, creating an eight and a nine-storey building with six apartments dedicated to affordable housing to support essential workers&nbsp;under the NSW Government’s low and mid-rise housing policy.</p>

<p>The dwelling mix includes 12 one-bedroom units, six one-bedroom affordable units, six two-bedroom units, and four three-bedroom residences.<img alt="4A Fern Place, Woollahra." data-entity-type="file" data-entity-uuid="86626941-772d-49c5-8d31-a8e42f44cdcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fern%20bldg%20st.png?VersionId=tWIzXYX9gD60nP1L3..Z0BFbY5mafb36" /></p>

<p>According to the planning documents submitted to the Woollahra Council, the development responds to the complex interface of heritage fabric and urban infrastructure with two mid-rise residential buildings oriented to the north and designed to capitalise on sweeping views over Sydney Harbour and Bellevue Hill.&nbsp;</p>

<p>“The proposal aims to hero some of the brick detailing of Woollahra, celebrating the existing datums of Fern Place, whilst embracing the strong verticals of the Holy Cross Church and Bondi Junction with a nod to the historic iron works and iron rich soils of the area,” Woods Bagot noted in their Design Report.</p>

<p>&nbsp;</p>

<p>Only three car parking spaces are proposed, alongside 33 bicycle bays, in a move that leverages the site's proximity to Bondi Junction train station, just 400 metres away.</p>

<p>Architecturally, the material palette incorporates Corten steel and face brickwork to reference the site’s industrial past and local geological character. Landscaping features include a communal garden bridging the two buildings at ground level, landscaped setbacks to protect visual privacy, and a small corner park intended to soften the public interface.</p>

<p><img alt="4A Fern Place, Woollahra." data-entity-type="file" data-entity-uuid="f71766d6-aa14-44df-9bc5-42f91890fd4a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fern%20bldg%20rear.png?VersionId=uh7u1rJ6NJF5OqyRs9iNJcy6R9ssgaXU" /></p>

<p>Ryser said Sorelle "brings together the best of both worlds, the intimacy of village life with the amenity and luxury of modern design."</p>

<p>The developer said the project marks the first of three developments they will be announcing shortly, a key step in their&nbsp;evolution as a builder-developer delivering meaningful, high quality urban outcomes across Sydney.</p>

<p>The expectation is the Woollahra LGA will become popular for developers with the signal from the NSW Government they will deliver&nbsp;<a href="https://www.apartments.com.au/developments/sydney-nsw" target="">Sydney</a>’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025" target="">Woollahra</a>&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developments/edgecliff-nsw-2027" target="">Edgecliff</a>&nbsp;stations.</p>

<p><em>Read more:&nbsp;</em><a href="https://www.apartments.com.au/news/nsw/next-stop-woollahra-train-station-delivering-up-to-10-000-new-homes-in-the-heart-of-sydney"><em>Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney<span id="cke_bm_2771E" style="display: none;">&nbsp;</span></em></a></p>


Joel Robinson

First look: Ryser plans two apartment buildings on Woollahra, Bondi Junction border

<p>ASX-listed developer <a href="https://www.apartments.com.au/developers/cedar-woods" target="">Cedar Woods</a> didn’t miss a beat when the opportunity arose to acquire a prime residential development site in one of Perth’s most popular suburbs. In 2019, the developer secured the former Wembley TAFE site, a 1.4-hectare parcel perfectly positioned on the western edge of <a href="https://www.apartments.com.au/developments/subiaco-wa-6008" target="">Subiaco</a>’s vibrant centre.</p>

<p>The first stage, <a href="https://www.apartments.com.au/new-apartments/incontro-subiaco-133-salvado-road-subiaco-wa-6008">Incontro Townhomes</a>, delivered 41 contemporary homes that embrace the suburb’s unique blend of nature and urban energy. Now, Incontro Apartments continues that story, offering a collection of new residences in a market limited with new residential stock. The rarity of a development in such a prime pocket hasn't been lost on buyers, with more than 60 per cent already sold in the early stages of construction.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317909]</p>

<p>Set on the tree-lined Bishop Street, in a quiet pocket within Western Subiaco, Incontro Apartments offers convenient access to several lush parks and recreation spots.&nbsp;</p>

<p>Within the estate is Incontro’s Little Green, a linear park that connects the Incontro townhome precinct with the future apartment building. This peaceful stretch of landscaped parkland features shaded seating and communal spaces for residents to relax and interact close to home.&nbsp;</p>

<p>Less than 400 metres away is find Henderson Park, a perfect spot for morning walks, weekend picnics or casual exercise. Neighbouring Henderson Park is Mabel Talbot Park, home to Jolimont Lake and a playground, while just a little further lies Pat Goodridge Park, offering a large sports field and another playground.&nbsp;</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=325604]</p>

<p>For something closer to home, Subiaco Common provides a peaceful green retreat right on your doorstep - ideal for reading under the trees, walking the dog or relaxing with friends.</p>

<p>Beyond the parks and open spaces, Incontro residents are just moments from everything that makes Subiaco such an enviable place to live.&nbsp;</p>

<p>Down the road is Bishop Street Café, a local favourite for a morning caffeine fix. Subiaco’s Rokeby Road and Hay Street are lined with retailers, cafés, vibrant bars and some of Perth’s most loved dining spots, from long lunches at Refuge Small Bar or Juanita’s, to weekend brunch at Community Coffee Co. or Boucla Café. Add to that a strong sense of local community, regular markets, and the energy of Subiaco Square, and it’s easy to see why Subiaco continues to be one of Perth’s most liveable and in-demand suburbs.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=325605]</p>

<p>Construction of Incontro Apartments is now underway by <a href="https://www.apartments.com.au/builders/emco-building">EMCO Building</a>. With completion expected in mid-2027, buyers have the chance to join a thriving Subiaco community in the not-too-distant future. &nbsp;</p>

<p>One-bedroom apartments are now sold out, with only a selection of two-bedroom apartments and just three three-bedroom residences remaining. Each features generous layouts, stylish finishes and private balconies to enjoy the leafy outlook that makes this Subiaco address so special. Prices start from $925,000*.</p>

<p>[smartcode_project_cta:default project_id=108869]</p>


Over 60 per cent sold as Incontro Apartments captures Subiaco’s leafy appeal

Peppermint Grove

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<p>The businessman John Gillett has decided to sell three redundant blocks of the Taj on Swan site <a href="https://www.afr.com/property/residential/taj-on-swan-owners-set-to-lose-more-than-5m-as-peppermint-grove-site-sells-20180807-h13mps">he bought last year for $17 million</a> in Peppermint Grove.</p>
<p>It was bought from former fertiliser entrepreneur Pankaj Oswal and his wife Radhika.</p>
<p>Gillett and his wife Jocelyn have applied to the WA Planning Commission to split their 6580 square metre superblock.</p>
<p>They have sought three blocks - 765 square metres, 875 square metres and 1104 square metres.</p>
<p>The abandoned home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal was sold earlier this year.</p>
<p>Marketed as "the most famous block in Australia" the <a id="LPlnk998012" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> was sold through Ray White agent Vivien Yap in conjuction with Sotheby's agent Graham Bowie. </p>
<p>The now demolished mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</p>
<p>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant.</p>
<p>The Oswals paid $22.7 million in 2007 when it was bought from developer Warren Anderson then starting construction a year later on a "two-storey, Indian-infused luxury residence".</p>
<p>"The Gillett family is optimistic that the rarity of blocks in this superb location, plus a gradually improving property market, means that the land will be attractive to buyers," a spokesman for Gillett told Nine Entertainment.</p>
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WA Planning Commission asked to further subdivide Taj on Swan, Peppermint Grove residential housing site

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<p>A Tudor style residence in Peppermint Grove, Western Australia has hit the market with $5.95 million hopes. </p>
<p>The home at<a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-132552150" target="_blank"> 33 McNeil Street</a>, restored just 5 years ago, is now a showpiece example of <span>heritage listed architecture.</span></p>
<p><span>Justin Davies of Space Real Estate Cottesloe has the listing. </span></p>
<p><span>Set within a <span>sought after street lined with Peppermint trees, the home features gabled roof <span>characterising its Tudor style and front façade draped in vine leaves.</span></span></span></p>
<p><span><span><span><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/2019/12/2/pepermint%20grove%203.jpg" alt=""></span></span></span></p>
<p><span><span><span>It comprises traditional den study, gourmet kitchen, formal and informal living, master suite and two self-contained guest lodgings.</span></span></span></p>
<p><span><span><span>The recently added loft space is large enough to incorporate a lounge setting and bedroom suite. </span></span></span></p>
<p><span><span><span><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/2019/12/2/peppermint%20grove%202.jpg" alt=""></span></span></span></p>
<p><span><span><span>Other highlights include manicured garden, solar heated pool, decked patio alfresco area, and double garage plus additional parking.</span></span></span></p>
<p><span><span><span>The home is within walking distance to elite private schools and shopping centre. </span></span></span></p>
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Peppermint Grove restored historic home hits the market 

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<p>One of Peppermint Grove’s original houses is set to be auctioned on December 8 for the first time in 13 years after a makeover.</p>
<p>It has been offered by Jody Fewster from Ray White Cottesloe/Mosman Park. </p>
<p>Copley on View, the circa 1930's home situated at <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-129140650" target="_blank">58 View Street </a><span>was purchased by its current owners in 2005.</span></p>
<p><span>Shortly after it underwent a full renovation and rear-extension addition by architect, Lendis Golic.</span></p>
<p><span><span>The home features original structure including <span>wide, polished jarrah floorboards, formal dining and living rooms joined by a double-storey height, light-filled void' zone, ceiling to floor window and the walnut, timber-clad stairwell.</span></span></span></p>
<p><span><span><span><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/2018/12/3/peppermint%20grove%202.jpg" alt=""></span></span></span></p>
<p><span><span><span>It comes with four bedrooms, five bathrooms, ground-floor office, wine cellar, gym or hobby room, storage rooms and marble-clad laundry plus secure garage. </span></span></span></p>
<p>It has been listed for the past 100 days by Perth charity fundraiser Hilda Shroy.</p>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/3/peppermint%20grove%203.jpg" alt=""></div>
<p>“My home has been a giving home with many fundraisers,” Mrs Shroy said.</p>
<p>It is within short walking distance to Gill Street <span>Café, St Hilda's Senior School, Freshwater Bay Yacht Club and <span>Cottesloe Central and Napoleon Street Café precinct.</span></span> </p>
<p>The property goes to auction on December 8 on-site.</p>
<p>The suburb's median house price sits at<a href="/developments/peppermint-grove-wa-6011"> $3.875 million</a>, according to CoreLogic. </p>
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Peppermint Grove trophy home Copley on View for December auction

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<p>The new owner of Peppermint Grove’s Taj-on-Swan superblock has emerged as businessman John Gillett.</p>
<p>He plans to build a family home to share with his family, The Weekend West reported after the $17 million acquisition.</p>
<p>Mr Gillett is a former Moran Health Care executive who sold WA aged care provider Craigcare last year in a deal worth $50 million to $100 million. </p>
<p>The Nedlands-based businessman bought the business in 2003 for a reported $25 million from the Pix family.</p>
<p>The business was sold to Bain Capital coming with about 900 beds across seven aged care and retirement homes in WA and Victoria.</p>
<p>The Bayview Avenue block, which had a $30 million price tag <a href="/news/taj-on-the-swan-set-for-auction-in-ailing-perth-market">two years ago</a>, failed to sell at auction last month.</p>
<p>It was passed in <a href="/news/taj-on-swan-auction-stops-with-15-6-million-offer">at $15.6 million.</a></p>
<p>Speaking publicly about his purchase for the first time, Mr Gillett told The West as a private person he had “naively” hoped to avoid attention.</p>
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jchancellor-FAypfDUnLy

John Gillett emerges Peppermint Grove’s Taj-on-Swan super block

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<p>Taj on Swan, Perth's notorious building block, has gone under offer following last weekend's auction where the bidding stopped at $15.6 million, with the negotiations apparently getting nearer $17 million.</p>
<p>The abandoned Peppermint Grove home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal, listed through Ray White agent Vivien Yap inconjuction with Sotheby's agent Graham Bowie, cost $22.7 million in 2007 when bought from property developer Warren Anderson. </p>
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<div>Marketed as "the most famous block in Australia" the <a id="LPlnk998012" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> had $30 million hopes two years ago.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant</div>
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<div>The Oswals paid $22.7 million in 2007 then starting construction a year later on a "two-storey, Indian-infused luxury residence." </div>
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Taj on Swan sold at Peppermint Grove

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<div>The abandoned home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal was passed in at Saturday auction in Perth.</div>
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<div>The top bid was $15.6 million with three of the five registered parties competing for the prize parcel at Peppermint Grove.</div>
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<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-content x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-view_content x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-show">
<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">Marketed as "the most famous block in Australia" the <a id="LPlnk998012" class="x_x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> was listed through Ray White agent Vivien Yap inconjuction with Sotheby's agent Graham Bowie. </div>
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<div>Two years ago there were $30 million hopes for the prestigious Perth offering, after the partially built so-called Taj on Swan mansion was demolished under council orders.</div>
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<div>The 6582 sqm site, which could fit six homes, had reduced $19.5 million hopes last year.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant</div>
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<div class="x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-callhandler x_m_-1811097286691781784gmail-x_gmail-m_911874124497874327gmail-m_-7358536583359574638gmail-copytasting">The Oswals paid $22.7 million in 2007 then starting construction a year later on a "two-storey, Indian-infused luxury residence." </div>
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<div>Auctioneer Mack Hall received an opening bid of $10 million, with offers quickly jumping up in $1 million increments before proceedings paused for negotiation at around the $14 million mark. </div>
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Taj on Swan auction stops with $15.6 million offer

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<p>Perth's weak auction market continued with its weekend clearance rate stuck in the 30s.</p>
<p>Its ailing auction market has rarely captured much national attention, but next weekend sees the notorious and prestigious Peppermint Grove super block of Pankaj and Radhika Oswal go to auction.</p>
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<p>The <a id="LPlnk998012" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> has been listed through Ray White agent Vivien Yap <a id="LPlnk350139" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202144098" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">inconjuction with Sotheby's agent Graham Bowie</a>.</p>
<p>The partially built so-called Taj on Swan mansion was demolished under council orders in 2016.</p>
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<p>The mansion with Swan River views had sat unfinished after the Oswals quit Australia in 2010.</p>
<p>It is now being marketed as "the most famous block in Australia."</p>
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<p>Initially there was a $30 million asking price for the super block, which over the years has been subject of international media attention.</p>
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<p>The 6582 sqm site, which could fit six homes, then came with reduced $19.5 million hopes last year.</p>
<p>The Oswals bought the consolidated block for $22.7 million in 2007 and started construction a year later.</p>
<p>The Oswal family, who controlled the $700 million Burrup Fertilisers gas-processing plant on the Burrup Peninsula, planned to build a "two- storey, Indian-infused luxury residence" on the eight lots they bought from property tycoon Warren Anderson in the heart of Peppermint Grove.</p>
<p>Anderson's super block sat vacant for many years. He created it in 1986 when his company bought 11 houses and demolished most of them. It was subdivided into 22 blocks of which the Oswal bought eight for $22.7 million</p>
<p>Sydney had the dearest weekend auction result when <a id="LPlnk837609" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-burraneer-128589450" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">18 Rutherford Av, Burraneer</a> fetched $4.75 million pre-auction through estate agent David Highland. </p>
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<p>The deep waterfront 1150 sqm parcel of land came with house set over three substantial levels with expansive views over Gunnamatta Bay.</p>
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<p>There were 400 auctions held in Sydney returning a preliminary auction clearance rate of 61.3 per cent. </p>
<p>Sydney's prior week saw 408 auctions held with a final clearance rate of just 46.9 per cent, the lowest clearance rate the city has seen since December 2012. </p>
<p>This time last year, 70.3 per cent of the 625 Sydney auctions held were successful.</p>
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<p>Melbourne was the busiest capital city for auctions, with 612 homes going under the hammer, returning a preliminary clearance rate of 62.3 per cent, compared to last week when 56.2 per cent of the 559 auctions were successful. </p>
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<p>Over the same week last year, there were 833 auctions held in Melbourne, returning a clearance rate of 73.8 per cent.</p>
<p>Melbourne's dearest reported sale was $2.74 million in Albert Park for a three bedroom, two level modernised terrace at 18 Page Street. There had been <a id="LPlnk98320" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-albert+park-128683478" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">$2.5 million to $2.7 million price guidance</a> through Greg Hocking Holdsworth. </p>
<p>The highest preliminary clearance rate was recorded in Adelaide where 75 percent of the 48 reported auctions were successful.</p>
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<p>The nation's cheapest weekend sale was in Perth where a three bedroom brick and tile home sold for <a id="LPlnk909481" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-wa-armadale-128592790" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">$165,000 at Armadale</a>, located on the south-eastern edge of Perth's metropolitan area.</p>
<p>The 1970s house has a renovated kitchen, new carpet in the bedrooms and a fresh coat of paint, Professionals Armadale selling agent Shane Denniston noted.</p>
<p>It had last sold at $270,000 in 2007 and at $185,000 in 2005.</p>
<p><img src="https://www.urban.com.au/images/2018/7/23/CL%20Taj%204.JPG" alt=""></p>
<p>Perth's 38.5 percent success rate was the weakest auction market sitting behind Brisbane's 44 percent.</p>
<p>Perth's best auction clearance rates saw a 60 percent plus peak in 2013 and before that in the 50s in 2010.</p>
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<p>Perth dwelling values were 0.7 percent over the three months to June 2018 and 2.1 percent lower over the past year. </p>
<p>Dwelling values in Perth are now 11.4% lower than they were at their peak in June 2014, CoreLogic advise.</p>
<p>The national weekend auction volumes increased slightly over the week with 1,246 homes taken to auction across the combined capital cities, up from the 1,178 in the prior week, according to CoreLogic.</p>
<p>The preliminary clearance rate was recorded at 60.6 per cent this week, after finalised clearance rates have held around 52 per cent for the last three weeks.</p>
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Taj on the Swan set for auction in ailing Perth market

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<p>Behind the white picket fence, a single level, Neil Robertson architect designed home has been listed in Peppermint Grove in Western Australia.</p>
<p>Built in the classic character style, the charming cottage exterior has been maintained over the last 20 years since its construction.</p>
<p>The formal front garden at <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-126493478" target="_blank">2 Harvey Street</a> was designed in the style of leading Australian landscape gardener Paul Bangay.</p>
<p>There are established fruit trees of mango, citrus, pomegranate and macadamia.</p>
<p>Set on 750 square metres, the home has four bedrooms, three bathrooms. </p>
<p>The charming cottage exterior belies the size and scale of the interior, the Peter Burns at Mack Hall listing agency said.</p>
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Neil Robertson-designed home in Paul Bangay gardens at Peppermint Grove

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<p>With the Oswal's $70 million partially built Peppermint Grove mansion, dubbed 'Taj on Swan' by locals, demolished, Perth agents Vivien Yap of LJ Hooker and William Porteous have been appointed by the Oswals to sell the 6,600sqm lot.</p>
<p>It is said to be worth around $30 million. The property is for sale by expression of interest.</p>
<p>The incompleted house was the subject of a long-running battle between the owners and the council after it was abandoned when the Oswals left Australia in December 2010. </p>
<p>The original plans for the palatial home included seven domes, a temple, a gym and swimming pool.</p>
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