Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Point Piper

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The Point Piper residence of Blue River Capital’s co-chief executive Grant Fuzi and his wife Naomi has been snappily sold.
D’Leanne Lewis, of Laing+Simmons Double Bay, was asking $13 million ahead of its scheduled March 18 auction.
The Alex Tzannes-designed home was built more than a decade ago.
<img src="https://www.urban.com.au/images/2019/3/4/Wolsey%203.JPG" alt="">
The Wolseley Road property traded at $2.7 million in 2001.
The six-bedroom residence is set on an almost 900 square metres.
Fuzi co-founded the impact investment services firm Blue River Capital with Macquarie’s former global group treasurer Craig Shapiro.
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Blue River Capital boss Grant Fuzi secures snappy Point Piper sale

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The low-key Chinese businessman Yunji Huang has offloaded a vacant Point Piper harbour front block for $22.5 million.
The pre-Christmas off market transaction had sought to not disclose the price.
It is more successful however in keeping the ultimate owner's identity shielded.
<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/2019/1/29/Wols1.jpg" alt="">
The 735sqm vacant block has been bought in the name of VJ Ryan &amp; Co accountant Peter Wyer, reportedly on behalf of an undisclosed trust.
It last sold at $14.35 million in 2013.
It came with approved $10 million plans for a new home at 42 Wolseley Road.
The approved five level Tzannes Associates residence will boasts six bedrooms, eight bathrooms and four car security parking.
<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/2019/1/29/Wols2.jpg" alt="">
LJ Hooker Double Bay supremo Bill Malouf confirmed to the local paper, The Wentworth Courier that he sold a “block of dirt” at 42 Wolseley Road in the days leading up to Christmas.
It has been quickly speculated Wyer represents interests associated with the Russian billionaire David Traktovenko, the owner of the Sydney FC soccer club, whose property developer son in law Scott Barlow and his wife, Alina, live close by.
But Title Tattle glans the buyer was not them.
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Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper

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The longtime Point Piper home of Australian advertising executive Malcolm Spry and wife Helen, who previously ran the noted Sydney eatery Chez Oz, is the first prestige listing of 2019 in one of the country's most exclusive suburbs.
The Spry's paid $1.1 million for the <a href="https://www.realestate.com.au/property-house-nsw-point+piper-130190598" target="_blank">north facing 745 sqm Wyuna Road property</a> overlooking the harbour over three decades ago in 1986.
The home, which has been dubbed Spry House, was designed by Durbach Block Architects and was completed in 2003. It won the Robin Boyd Award a year later.
It featured in the book 100 More of the World’s Best Houses, the sequel to Robyn Beaver’s Top 100 Houses From Down Under.
<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/2019/1/7/Wyuna4.jpg" alt="">
Offering views of the Sydney Harbour from every level, the home has four bedrooms and three bathrooms.
The master suite, which takes centre stage at the front of the house, with views from Manly to Rose Bay.
A designer entrance way opens to a sculptural formal entertaining area, designed to maximise the views. Sliding glass doors flow to a 23 metre lap pool, accompanying the outdoor entertaining area.
<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/2019/1/7/Wyuna5.jpg" alt="">
Sydney Sothebys agent Michael Pallier has the listing with $18 million hopes.
The last prestige sale in Point Piper came late last year when financier Gordon Fell and wife Phillipa reportedly <a href="/news/point-piper-waterfront-routala-listed-for-55-million">sold Routala for around $49 million</a> after having $55 million hopes.
Just before the sale the couple <a href="/news/going-higher-than-sydney-kings-boss-gordon-and-pip-fell-buy-7-9-million-surry-hills-space">spent $7.9 million on the Surry Hills home and design HQ</a> of architect William Smart.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a> 
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Robin Boyd Award-winning Point Piper home kicks off 2019 prestige listings

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When expatriate retired mortgage broker 'Aussie' John Symond and wife Amber finally return to their home, (pictured above) from London, they might find they have several new neighbours on the pricey Point Piper peninsula.
There is an application to turn Portofino, the adjacent $60 million luxury home, into a block of three flats by the little-known Chinese multi-millionaire stock trader Andy Wenlei Song.
Portofino (pictured below, centre) was the longtime three-level home of luxury car dealer and yachtsman Neville “Croaky” Crichton and his then fiancée — now wife — Nadi Hasandedic.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/19/700_crichton2.jpg" alt="">
Crichton sold in 2016, just months before their lavish wedding, for $60.66 million, in what was the year’s top trophy home sale in Australia.
It required approval from the Foreign Investment Review Board, but seemingly no financing because there’s no registered mortgage on title.
In 2011, the six-bedroom Portofino was briefly rented by Microsoft co-founder Bill Gates and his wife Melanie, at $25,000 a week.
Solicitors Minter Ellison have been nominated as assisting in the conversion application. 
The property is one of only two waterfront homes on the rather steep and narrow Wingadal Place.
The timber Scots College Rowing Club boatshed sits on the shore between Portofino and Symond’s five-storey home.
The conversion proposal has been with Woollahra Council since this time last year, and the revised plans have only just gone out for public comment.
The initial Rob Mills Architects plans raised concerns at council regarding excessive building height, the documents show.
<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/2018/11/26/Aussie1.jpg" alt="">
The works are estimated to cost $7.28 million for the 1436 square metre waterfront parcel.
Crichton bought the property in 1994 for $5.9 million from helicopter pilot Bruce Rose and his wife, Pam, who held the only private helicopter landing rights in the eastern suburbs, which have now lapsed.
The New Zealand-born Crichton had commissioned Auckland-based architects Swan Railley Clapham &amp; Associates to design his Tuscan-style abode.
It is not known if the intention is to flip or hold, perhaps as a multi-generational family compound.
This article was first published in the Sunday Telegraph.
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'Aussie' John Symond set for new Point Piper neighbours 

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The mining billionaire from the West, Andrew 'Twiggy' Forrest, has helped lift the declining Sydney property market out of its doldrums.
The philanthropic Forrest has emerged as the $16 million mystery buyer of the matrimonial Point Piper harbourfront of hotelier Ben May and his wife Lucy, who paid $11.85 million two years ago.
There were whispers following the mid-week sale of the trendy 1950s modernist Wunulla Road home had been bought by a Perth billionaire, which narrowed the list down to five.
Forrest's net wealth is calculated by Forbes as nearly $4.5 billion. 
<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/2018/11/20/Twig1.jpg" alt="">
The Forrests have had a bolthole apartment on Circular Quay since 2006. His last purchase, Tukurua, the historic $16 million Perth home, was briefly mooted as set to house refugees.  
Their acquisition of the south-facing Point Piper home won't get the picture postcard Opera House and Bridge views that homes on Point Piper's prestige Wolseley Road enjoy. 
His purchase is only the second known house sale in the exclusive suburb this year, in what has been the quietest purchasing patch since 2009 when there were just three house sales.
The highest house sale this year came when the waterfront home next to former Prime Minister Malcolm Turnbull sold for $19.2 million.
Forrest joins nearby low-key billionaire Alan Rydge who has shown no inclination to buying the neighbouring Routala, the home of Rubicon's Gordon Fell, which has a $55 million asking price.
As the mining bust dissipates, there's been some mining wealth emerge from across the Nullarbor plain.
<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/2018/11/20/Twig2.jpg" alt="">
Susan Gibson, the woman who owns Perth's priciest home, spent $5.55 million on Crossways Farm in the Southern Highlands.
Mining tycoon Gina Rinehart has been buying up NSW rural holdings for her Wagyu beef enterprise and her daughter Ginia spent $14.75 million at Bondi Beach last year. 
It's in contrast to the restraint of Sydney's billionaires.
The casino tycoon James Packer has been exiting the Sydney market, including his longheld Bondi Beach bachelor pad, although he's committed to his $60 million off the plan purchase in the Crown Barangaroo complex.
On the waterfront since the early 1980s, Meriton apartment king Harry Triguboff is more interested in development sites than personal homes.
The retail family patriarch Frank Lowy has stayed put on the Point Piper waterfront for some four decades, having paid $310,000 in 1971.
Other Perth billionaires who own property in Sydney include the Seven Media tycoon Kerry Stokes at Darling Point.
This article first appeared in The Daily Telegraph. 
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Andrew 'Twiggy' Forrest emerges as buyer of Ben and Lucy May's Point Piper harbourfront

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Hotelier Ben May and wife Lucy have sold their Wunulla Road, Point Piper harbour front for more than $16 million.
It has been reported it's been bought by a billionaire.
The 1958 home which was built by Hugh Buhrich sits on 795sq m.
It was bought around two years ago for about $12 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/15/May2.jpg" alt="">
There are lime-washed oak floors, multiple spacious living areas and terraces, a designer gas kitchen with Norwegian Rossa marble benches and European appliances, along with five bedrooms.
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Ben and Lucy had previously bought the <a href="/news/quick-resale-on-paddingtons-priciest-property-the-converted-windsor-castle-hotel">Windsor Castle Hotel conversion for $11.85 million</a>, before opting for the Point Piper home to be closer to better schools.
They sold just six months after their purchase for the same price to Goldman Sachs executive director David Nolan and wife Anita.
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Ben and Lucy May sell Point Piper harbour front

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Point Piper has its priciest listing since 2016 with the offering of the waterfront Routala.
The <a href="https://www.realestate.com.au/property-house-nsw-point+piper-129247630" target="_blank">Wunulla Road home</a> has been listed by Gordon Fell, founder of Rubicon property trust empire, and wife Phillipa.
Dr Fell, who has been a chairman of Opera Australia, recently founded hotel investment company Sequitur Hotels.
The Fells have listed the home given their three children have departed the home and the couple are travelling overseas more often.
They're looking to double their money, having paid a national record $28,750,000 in 2007 when buying from horse breeder Warwick Miller.
The harbourside mansion was bought just before the GFC, when Dr Fell sold his Rubicon property empire, which subsequently collapsed.
David Coe’s finance group Allco paid $331 million for the management company that oversaw Dr Fell’s $5 billion property funds empire Rubicon.
Allco later collapsed under its debt load. 
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Built in 1999 by leading architect Michael Dysart, Routala is set in 1,380 sqm of Myles Baldwin gardens.
It comprises six bedrooms, a home office, library, self-contained guest quarters and a formal dining room.
There's a 5,000 bottle climate-controlled wine cellar, fully integrated home cinema with wet bar and seven car basement garaging, complete with workshop and home gym.
Crowning the home is a rooftop terrace with views across Sydney Harbour.
Down by the water meeting the private deepwater jetty is a gas heated swimming pool, his and hers changing rooms and a kitchenette and a covered alfresco entertaining area with barbecue, fire pits and sunken seating.
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Gordon and Phillipa, who have work commitments overseas, renovated throughout in 2016. 
Brad Pillinger has the listing, with an economic campaign with 12 uninspiring images going up on website earlier this week.
The campaign doesn't feature any images back towards the house from the water.
Nor are there any drone shots, which for whatever reason have become ubiquitous in every house campaign these days.
There is a somewhat styled picture of the harbourside table, with empty wine bucket, some empty wine glasses with the plates about to be laid out.
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Last year's highest sale in Point Piper was the complication off market purchase of the half complete re-build of Deauville, which sold for $39 million.
The completed home would have been closer to $45 million, or more, but involved an undisclosed construction completion component.
It was bought by luxury car importer Neville Crichton, who sold his former Point Piper home for $62 million in 2016.
 
 
 
 
 
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Point Piper waterfront Routala listed for $55 million

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Scotts Honda Motors former owner turned property investor Paul Scharrer and his wife Pam have sold their Point Piper apartment.

They are the whispered buyers of the $30 million O'Neil boathouse on the Point Piper waterfront.

Ending almost 60 years of family ownership, there is still no exact price reveal on the sale.

The couple’s apartment in the Kilmory Estate was listed for $10 million. 

The Scharrers’ garden three-bedroom apartment was bought in 2016 for $6.5 million from Cynthia Cheung, of the Coogee Bay Hotel family.

<h2>NSW properties selling now:</h2>

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[smartcode_project:default project_id=13642]

[smartcode_project:default project_id=31240]
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Paul Scharrer sells Point Piper apartment in the Kilmory Estate 

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The Los Angeles-based entrepreneur Andrew Banks and his wife Andrea returned last week to Point Piper.
It was a $21 million non-harbourfront acquisition by the star of Channel Ten's Shark Tank reality series. 
The couple have immediately lodged $1.4 million renovation plans telling neighbours their proposed Bokor Architecture alterations are generally restricted to internal changes, although they will be knocking down the quaint 1930s weather vane tower above the garage. 
There will be a new zinc roof and they plan to render the red brick home with a white wash.
Banks is leaving no stone unturned in the renovation.
He's called on one of Australia's leading landscapers Paul Bangay to create the gardens, while Thomas Hamel, of the same standing in the designing world, will be handling the interior.
The Bank's are back in Australia’s most expensive neighbourhood, having made headlines in 2010 for the $52 million sale of their waterfront mansion, Villa Veneto to the Penn family.
Their recently acquired 1930s-era residence on Wyuna Road was sold by South African medical device entrepreneur Dr Charalambos Revelas and his wife Mary who are the $15.75 million buyers of Edgecliff trophy home, Carmel.
Carmel was built in the 1930s for stockbroker, Stanley Utz. Banks, who started his career as an actor in England at The Old Tote Theatre Company, made his fortune in the recruitment industry, co-founding Morgan &amp; Banks in 1985 with Geoff Morgan.
His appearances on the Channel Ten show - where he returns later this year - saw him offer to invest in the iCapsulate coffee company, with a show record $2.5 million, which would have given him 22.5% of the company. But it failed to proceed after Bank did due diligence.
Following the sale of his Point Piper trophy home in 2010, the couple moved to Los Angeles, paying $US9 million for a Beverly Hills mansion, quite near to where their children, Nick and Sophia had made their homes having married Americans.
After a major renovation, the couple recently sold in Beverly Hills for US$15,995,000.
One of his mottos is "I don’t think we should tip-toe through life towards death".
This article was first published in the Saturday Daily Telegraph.
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Point Piper renovation for Shark Tank's Andrew Banks

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The Prime Minister Malcolm Turnbull and wife Lucy are getting new neighbours in Point Piper.
The neighbours Tiffany and Ben Tilley have found a near $20 million buyer.
It was the Point Piper home that Malcolm and Lucy Turnbull built.
The home, originally known as Gwandalan, was built after the Turnbull's excised some of the land for habrourfront access.
The Turnbulls had paid $7.1 million in 1999, already owning, Le Gai Soleil next door, with the intention of an expansion of their land holding for more harbourside and the jetty.
Ben and Tiffany Tilley paid $13.6 million for the Wunulla Road home in 2011, so the price reflects just shy of six percent annual price growth.
Set on 590 sqm, the Michael Suttor designed home offers unrestricted harbour views across Felix Bay.
The three level entertainer with lift features living spaces that spill on to balconies and landscaped gardens, complete with pool.
The private lowel level is dedicated to a self-contained two bedroom retreat with living space and kitchenette.
.It has been a regular summer rental for the artistic McGrath family
Brad Pillinger at Pillinger Double Bay was marketing the home with $25 million hopes.
Last December the home on the other side of the Turnbulls was sold. The luxury car importer Neville Crichton and wife, Nadi bought the incomplete beachfront property for about $45 million. It was the Mediterranean residence, Deauville that was sold by Michele and Dr Glenn Haifer, a healthcare businessman.
Scotts Honda Motors former owner Paul Scharrer and his wife Pam recently spent $30 million nearby on the south facing O'Neil boathouse, ending almost 60 years of family ownership.
The article was first published in The Sunday Telegraph.
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