Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

[smartcode_project:default project_id=135546 project_image_fid=363515]

The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

[smartcode_project:default project_id=135546 project_image_fid=363514]

&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333359]

Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333362]

Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363368]

Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363369]

The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

[smartcode_project_cta:default project_id=141609]

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

[smartcode_project:default project_id=149670 project_image_fid=360966]

The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

[smartcode_project:default project_id=149670 project_image_fid=360975]

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

[smartcode_project:default project_id=136726 project_image_fid=362015]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Point Piper

The exclusive Point Piper development, Piper, a rare new development in Australia&#39;s most affluent suburb, has been a hit with buyers all over Sydney.

The project, a collaboration between two prominent eastern suburbs developers&nbsp;Fortis and Dare, has flown through the 50 per cent sold mark in just a few months, having launched the boutique collection of just 15 residences at the back end of March.

CBRE Residential Projects head&nbsp;Ben Stewart said&nbsp;they were seeing buyer enquiry coming in from everywhere from the inner west and lower north shore, with locals from Vaucluse and Dover Heights also showing keen interest.

[smartcode_project:default project_id=6126 project_image_fid=191994]

There was even a sale to a soon-to-be downsizing owner-occupier from Point Piper&#39;s exclusive Wolseley Road, who were looking for something brand new.

&ldquo;It&rsquo;s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish,&quot; Stewart says.

&quot;The apartments on offer&nbsp;a great size, anywhere from&nbsp;200 sqm to 250 sqm internal, while also still incorporating a few special features, such as some feature a swimming pool, or big gardens,&quot; Stewart added.

[smartcode_project:default project_id=6126 project_image_fid=199320]

&quot;The apartments are beautifully appointed with very high-level finishes, and a number of enticing factors that are turning people toward Piper.&quot;&nbsp;

Sharing its postcode with some of Australia&rsquo;s most prestigious and historic homes, Piper delivers on its vision with interiors by leading interior design studio, Mim Design, and acclaimed landscape architects, Dangar Barin Smith.

Inspired by the intimacy and grandeur of a private estate, Piper delivers a mix of two, three and four-bedroom apartments across the four-level building.

[smartcode_project:default project_id=6126 project_image_fid=199321]

Each apartments features soaring ceiling, open layouts and large living, entertaining and outdoor areas, with some even including their own private pool.

Stewart says the latest interest rate movements haven&#39;t put buyers off, in fact, it&#39;s been the opposite.

[smartcode_project:default project_id=6126 project_image_fid=191996]

&quot;Those buyers who are looking at an of​f the plan property,&nbsp;particularly those not due to be complete for another few years, haven&#39;t shown too much concern about the current interest rate hikes,&quot; Stewart says.

&quot;Where for the last six to 12 months we&#39;ve seen people locking in interest rates, we&#39;re now seeing people jumping into the off the pl​an market, hedging their bets that rates will be coming back down in 18 months or so when projects come up for completion.&quot;

Stewart also says buyers are believing now is the right time to move into the apartment space, with the price gap between houses and apartments at record highs.

[smartcode_project_cta: project_id=6126][smartcode_project_cta: project_id=6126]

“It’s really evident how well the apartments match up to what downsizers are looking for, both in size and their finish," CBRE's Residential Projects head Ben Stewart said



Buyers come from all over Sydney to take Piper to 50% sold

Point Piper is one of the most affluent suburbs in the whole of Australia.

Wolseley and Wunulla Road are home to some of the country&#39;s most expensive houses, with harbourfronts, either facing north to Manly, or down to&nbsp;the Sydney Opera House and the Harbour Bridge, selling for up to $100 million.

Rarely is there an opportunity to buy&nbsp;brand new, off the pl​an property in the suburb laden with apartment blocks from the 1970s, set on land more often than not unviable for developers to knockdown and rebuild.

But Fortis, alongside Dare Property Group, are set to finally bring something new for&nbsp;new high-end apartment seekers, on the&nbsp;2,392 sqm Wunulla Road site which they joint acquired for around $40 million last year.

Dubbed Piper, at 2A Wunulla Road,&nbsp;there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="840" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.52_am.png" width="1364" /></a>

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature&nbsp;soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

The three two-bedroom plus study apartments start from 127 sqm of internal space, the three-bedroom apartments start from 161 sqm internal, and the biggest offering, the four-bedroom apartments, have an internal living space between 210 sqm and 260 sqm.

&quot;We are looking forward to partnering with Danny Avidan and Dare Property Group on our new project in Point Piper, bringing a premium product to an exclusive harbourside location, Fortis Director Charles Mellick said.

&quot;Piper will offer residents proximity to key retail and commercial precincts in the locality, alongside excellent amenities.

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="842" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.43_am.png" width="1353" /></a>

&quot;With an expected end value of $150 million, we are confident that the proposed development will be well received by Point Piper locals and the wider community, unveiling a fresh approach to luxurious apartment living.&quot;

The high profile developer Danny Avidan, who heads up Dare Property, said the group is honoured to be joining forces with Fortis.

&quot;Charles Mellick and I have been long time residents of Point Piper and we share a strong, emotional bond with its close-knit community.

&quot;We feel privileged to have the opportunity to develop in Point Piper, and are excited to present Piper, which will bring to life our shared values and vision for this premium enclave.&quot;

<a href="/new-apartments/piper-2a-wunulla-road-point-piper"><img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-16_at_10.23.47_am.png" width="661" /></a>

Ben Stewart, who heads up CBRE&#39;s Premium Sales Division and is handling the sales for Piper,&nbsp;believes the owner-occupier, empty-nester and downsizer markets will get stronger, particularly in the tightly held waterfront Eastern Suburb locations.

&quot;There is a flight to quality for buyers who are seeking prime positioned, well-designed homes in high-quality developments. There has been nothing of this scale built in Point Piper for many, many years.&quot;

<h2>Fast Facts:</h2>

Location - 2A Wunulla Road, Point Piper 
Developer - Fortis and Dare Property Group 
Selling agent - Ben Stewart, CBRE 
Architect - GCCV Architects 
Interior design - MIM Design 
Landscape - Dangar Barin Smith 
Completion date - Q1 2024 
Indicative pricing guide - From $4 million 
Number of dwellings - 15

Dubbed Piper, there will be just 15 exclusive residences in the development, which will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.


Fortis and Dare Property Group to launch exclusive Point Piper apartment development

<html><body>The $16 million plus Point Piper apartment sale on the weekend confirmed the suburb's status as the priciest location for Australian apartments.

The Point Piper penthouse sold on Friday evening, just hours prior to its scheduled Saturday auction.

The whole-floor apartment, within the tightly held Wentworth Place block, comes with three bedrooms and three-bathrooms.

It has views to the Bridge and Opera House.

The Wentworth Street penthouse has 300sq m of internal space plus 300sq m rooftop terracing.

It traded at $3,325,000 in 1993 and at $3.85 million in 1989.

Sydney's Point Piper boasted Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report.

Point Piper took the top spot with a median unit value at $2.28 million, with all the top 10 coming from Sydney.

Nearby Darling Point ranked second at $1.78 million followed by Millers Point at $1.69 million.

Point Piper's top apartment sales over recent years have included 

3/10 Wentworth St, Point Piper, $13.5 million, 2016; 

4/47-49 Wolseley Rd, Point Piper, $13.5 million, 2017; 

4/6 Buckhurst Ave, Point Piper, $16 million, 2017;

72A Wolseley Rd, Point Piper, $14.75 million, 2017;

2/74 Wolseley Rd, Point Piper, $12.35 million 2019;

2/62 Wunulla Rd, Point Piper, 412 million, 2020;

3/10 Longworth Ave, Point Piper, $10.4 million, 2020;

2/124 Wolseley Rd, Point Piper, $13.025 million, 2020. 

</body></html>

Point Piper is the priciest suburb for apartments across Australia

jchancellor

$16 million plus Point Piper apartment sale

<html><body>
CoreLogic’s best of the best 2020 report has revealed that the highest median unit value was found in Point Piper, as with 2019.

The report revealed Australia’s $7.2 trillion residential real estate market proved resilient in the face of a global pandemic, leaving an overall positive market outlook for 2021.

Eliza Owen, CoreLogic’s head of research, said the report highlighted the resilience of luxury markets in Australia.

<blockquote>
“This is not to say these suburbs have been unaffected by the pandemic; indeed the high end of the Sydney market is generally more volatile to changes in economic conditions. However, this volatility also tends to see a rapid recovery in the wake of lower mortgage rates and an improvement in consumer sentiment.”
</blockquote>

All ten of suburbs listed amongst the nation’s best for unit value were located in Sydney, with Point Piper taking the top spot with a median unit value exceeding $2.28 million.

<figure><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/units.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="358" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/units.png?itok=UMi3PAjN" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure>Darling Point took the second spot, with 78 units sold throughout the year and a median value of $1.785 million.

Sydney’s eastern suburbs performed well across the board, with Darling Point, Bellevue Hill and Vaucluse taking the three top spots for highest median house value. Double Bay, Tamarama, Rose Bay and Dover Heights also made the top ten.

<figure><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/houses.png" rel="gallery-all" title="Top performing capital city suburbs. Source: CoreLogic"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/houses.png?itok=V9K-dHl0" title="Top performing capital city suburbs. Source: CoreLogic" width="580"></a>

<figcaption>Top performing capital city suburbs. Source: CoreLogic</figcaption></figure><h2>Here are two luxury apartments you can secure in Sydney’s high-performing eastern suburbs</h2>

1. <a href="/buildings/marmont-319-new-south-head-road-double-bay">Marmont</a>, Double Bay 
Address: 219 New South Head Road, Double Bay NSW 2028 
Two-bedroom apartments from $2,595,000

<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/marmont.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marmont.jpg?itok=JI7D4JMZ" width="580"></a>

Expected to reach completion early 2021, Fortis’ latest Double Bay project offers an exciting opportunity to secure a two or three-bedroom residence in Sydney’s inner-eastern suburbs.

Designed by MHNDUnion, Marmont features floor-to-ceiling glazed windows, views across the harbour and extensive terrace balconies. 
 

2. <a href="/buildings/dusk-625-627-old-south-head-road-rose-bay">Dusk</a>, Rose Bay 
Address: 625-627 Old South Head Road, Rose Bay NSW 2029 
Two-bedroom apartments from $1,795,000

<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/dusk.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dusk.jpeg?itok=p7dBDFYv" width="580"></a>

Located in the heart of the high-performing Rose Bay, Dusk hosts nine two and three-bedroom apartments just six-kilometres from the Sydney CBD.

The exclusive harbourside residence, delivered by Maestro Rosebay, offers private views, considered interiors and an architecturally-designed façade by Bureau SRH.
</body></html>

Sydney's Point Piper boasts Australia's highest median unit value, according to CoreLogic’s best of the best 2020 report. 

max.kwok_55688

Point Piper hosts Australia’s priciest apartments: CoreLogic 

<html><body>
A Point Piper apartment sold for $13,025,000 when offered for the first time in seven decades.
The three-bedroom Wolseley Road apartment <a href="https://www.realestate.com.au/sold/property-apartment-nsw-point+piper-134352930" target="_blank">sits in the triplex, Cliff Towers</a>.
Its reserve was $9.9 million.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CM_E89mkrewCFQGZSwUddDMFLg">
<div id="google_ads_iframe_//31694718/domain.com.au/news_0__container__">Sydney Sotheby’s International Realty agent Michael Pallier advised three of the seven registered bidders were active.</div>
</div>
</div>
<div class="in-content-ad">
The apartment had been the residence of Susan Rankine, formerly known as Lady Street.
<img src="https://www.urban.com.au/images/2020/12/rankine%202.png" alt="">
The sale ended over seven decades of family ownership.
Since the 1950s, the lower half of the Cliff Towers building on Wolseley Road had belonged to Susan's mother Ruth, who was married to the ship owner, pastoralist and arts patron Ernest Watt.
The block was strata titled in 1976.
<img src="https://www.urban.com.au/images/2020/12/rankine%203.png" alt="">
The now whole floor apartment and has three bedrooms, each with an ensuite. 
The apartment has 288 sqm intenrtal space and there's a 190 sqm north facing terracing.
<div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Sydney was host to 754 auctions this week, up from both last week when 430 auctions were held, and this time last year when 733 homes were taken to auction. 
Of the 587 auction results collected so far, 73.1 per cent were successful, similar to last week’s preliminary result of 73.2 per cent which revised down to 65.8 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.9 per cent.
Last week, the combined national capital city preliminary auction clearance rate increased across a higher volume of auctions, according to CoreLogic.
 There were 1,090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). 
Of the 822 results collected so far, 71.5 per cent were successful, up from last week’s preliminary figure of 69.3 per cent which later revised down to 64.4 per cent at final collection. Over the same week last year, a final clearance rate of 73.5 per cent was reported across the combined capitals.
Auction activity remains low across Melbourne this week with 60 homes taken to auction. Of the 52 results collected so far, 59.6 per cent were successful while just under one third of reported auctions were withdrawn. Over the previous week, 55 auctions were held across the city, while this time last year, 974 Melbourne homes were taken to auction.
In regional Victoria Ray White Warrnambool agent Jason Thwaites sold 11 MacLand Drive, Warrnambool for $429,000.
It was a three bedroom single storey brick house. 
“This result is the perfect example of why auction is the best way to see your property. We only had two registered bidders, but they both battled it out strongly, and the property ended up selling $29,000 over the reserve price,” Mr Thwaites said.
“We had 14 private inspections during the four-week campaign with interest coming from both owner-occupiers and investors - with an investor buying on the day. 
“The regional market is really good across all the regional centres and we’re seeing a lot of interest.
"Not just from metropolitan Melbourne, but across the whole state,” he said.
</div>
<div class="column">
Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 79.5 per cent, across 78 auction results, followed by Adelaide with a preliminary clearance rate of 70.7 per cent across 41 results.
</div>
</div>
</div>
</div>
</div>
</body></html>

jonathanchancellor-7SQnKwU6yx

Cliff Towers, Point Piper apartment fetches $13,025,000 when offered for the first time in seven decades

<html><body>
Point Piper is rumoured to have secured the second highest residential house price in Australian history with a reported near $95 million sale on the waterfront Wolseley Road to a buyer born overseas but now based in Sydney.
The Wentworth Courier and Domain are saying it's the trophy home Edgewater, the longtime property of the co-founders of Katies women's clothing chain Joe Brender and the late Sam Moss.
Remarkably no agent has stepped forward to take the credit, nor big timing buyers' agent claiming they introduced the buyer to the tightly held property.
There are whispers the agent behind the 2022 delayed settlement deal, which only exchanged on Monday, was the Sotheby’s agent Michael Pallier. And the buyer is believed to be Gold mining businessman “John” Changjin Li, according to Domain.
The business duo paid $5 million in 1985 for the home, which was the vision in the early 1980s of the international entertainment promotor Michael Edgley.
The top floor area of the then vast 240-square contemporary mansion was Michael Edgley's private office bedecked with portraits and awards of the stars Edgley toured including John Denver, Rudolf Nureyev, Marcel Marceau and he Moscow Circus Performers.
It was reportedly bought as a concrete shell.
It was the architect Stephen Gergely who was commissioned to convert it into two apartments after Brender and Moss bought the Wolseley Road property located toward the coveted tip of Point Piper.
<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/2020/9/10/92%20Wolseley%202.jpg" alt="">
The Moss family occupied the downstairs apartment of the four level building, the Brenders the top unit in the duplex.
The Moss's apartment had been offered as a $6,000 a week rental.
There's a shared entertainment level with a kitchen and an indoor pool for both families. 
Set by its 40 metre water frontage is one of the few Sydney harbour front tennis courts in existence. 
The price is just $5 million shy of the $100 million Australian house price record paid by the Atlasssian billionaire Mike Cannon-Brookes and his wife, Annie in 2018 in Double Bay.
Although technically a sale of two apartments rather than a detached house, the two Edgewater apartments top the 2016 purchases by Menulog co-founder Leon Kamenev in Vaucluse.
He spent $80 million on four adjoining lots and is building a mega-mansion.
 
 
</body></html>

jrobinson-rf4aSBido9

Edgewater, Point Piper rumoured to have sold for around $95 million

<html><body>
The four-bedroom, four-bathroom Point Piper apartment owned by former Sydney lord mayor Nelson Meers and his wife, Carole has been listed.
Situated on Buckhurst Ave, Point Piper, it hit the marker with a “high teens” guide via LJ Hooker Double Bay’s Bill Malouf and Margaret Morosi.
“I consider this one of the best waterfront apartments in the eastern suburbs,” Malouf advised the Wentworth Courier.
“It’s an opportunity for a penthouse-style apartment with beach access and views of the Opera House and Harbour Bridge.”
<img class="sc-qYHHM dyhwPj size-full wp-image-600403" src="https://www.realestate.com.au/blog/images/1280x720-fit,progressive/2020/07/23000302/capi_a74bbe9aee14f2858a8b191299ea2cce_71d67ccc8b5d90eee966a6c398281d6b.jpeg" alt="" width="620" height="349" data-capiid="71d67ccc8b5d90eee966a6c398281d6b">
The apartment has 449 sqm space with terraces.
The block was dramatically transformed about a decade ago, with the original 14 units converted to six whole-floor designer apartments.
 
</body></html>

firstname1-iYD4UYzvBa

Former Sydney lord mayor Nelson Meers lists Point Piper apartment

<html><body>
Westpac board member Steve Harker has sold his waterfront Point Piper home for about $40 million.
The unconfirmed off market price is nearly double the year’s next high-end sale result in Rose Bay.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CKqL4Kbf-uQCFVhHKwodzDsFeg">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__"><iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/prestige_3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-google-container-id="7" data-load-complete="true" data-integralas-id-1f2236ee-b196-6bc2-7bb6-69e217b59a38=""></iframe></div>
</div>
</div>
<div class="in-content-ad">
<div id="adspot-1x1_300x250-pos-2" class="ad">The buyer, start-up investor Alexandra Jakob and her entrepreneur partner, Gabriel Jakob live nearby.</div>
<div class="ad"> </div>
<div class="ad">The deal was done September 16.</div>
<div class="ad"> </div>
<div class="ad">It has been reported the agents were Christie's International and LJH. </div>
<div class="ad"> </div>
<div class="ad">The property last traded in 1993 for $2.01 million.</div>
<div class="ad"> </div>
<div class="ad">It is on the same bay where expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, <a href="/news/aussie-john-symond-set-for-new-point-piper-neighbours--44294">was thought to be set to seek $40 million buyer</a>s.</div>
<div class="ad"> </div>
<div class="ad">Cooke actually wants $60 million according to the local paper, The Wentworth Courier at its November 23 auction.</div>
<div class="ad"> </div>
<div class="ad">A $23.5 million Rose Bay harbourfront sale had been in top spot having sold to lawyer Amanda Banton through Ben Collier of The Agency.</div>
</div>
</body></html>

$40 million Point Piper sale breaks prestige sales famine

<html><body>
Aussie John Symond and wife Amber might be getting new neighbours this spring on their Point Piper cul-de-sac.
Expat lawyer Sarah Cooke, who resides in London’s Holland Park with her hedge fund husband Dominic Redfern, is set to seek $40 million buyers.
The Wingadal Place vacant block was bought from Gustavo and Angelo Ferella in 2006 for $7.95 million and then had a $5.5 million home designed by James Stockwell and Jonathan Temple Architects.
Many were surprised Symond, who snapped up his 2675sqm holding for $10.5 million in 1999, didn’t buy the 960sqm parcel that stemmed from pastoralist Anthony Hordern’s 1950s subdivision.
On Symond’s other side, work continues for the Song family on turning the $60.66 million trophy home Portofino into a triplex designed by Rob Mills Architects.
This article was first published in the Sunday Telegraph. 
 
 
</body></html>

Aussie John Symond set for new Point Piper neighbours

<html><body>
The buyer of Point Piper’s most expensive sale of 2019 has emerged as 27-year-old Chinese developer Jack Lin.
He paid $12.9 million for the home of Blue River Capital co-chief executive Grant Fuzi and wife Naomi.
The six-bedroom Wolseley Road home was designed by Alex Tzannes and overlooks the boats of Rose Bay.
<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/2019/6/28/point%20piper%201.jpg" alt="">
Lin made headlines three years ago when, at age 24, he spent $8 million on the Point Piper apartment of former supermodel Kristy Hinze-Clark and her billionaire husband, Netscape founder Jim Clark.
His new purchase is a step up.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Point Piper

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Point Piper

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News