<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

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.

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

Point Piper

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Former swimwear model Jodhi Meares is selling her Point Piper apartment.
The model turned luxury athletic wear entrepreneur paid $1.23 million for the apartment in 2004, shortly after her brief marriage to casino tycoon James Packer.
Buyers are being sold there is a $2.2 million price guide through Raine &amp; Horne Double Bay agents Ric and Christophe Serrao.
The two bedroom, two bathroom apartment in the iconic Danmark building had a guide of just over $2 million when briefly listed in 2013.
The apartment sits in the Danmark, the Edwardian 1900s built Wolseley Road mansion. It was converted to a suite of individual apartments in the 1930s. 
It comes with separate living and dining rooms a sunroom and a wide terrace with views over the harbour.
The Tigerlily label founder moved her stuff out of the apartment early last year having married photographer Nick Tsindos. 
It then became a $1,600 a week rental.
The couple headed to a terrace in Paddington which Meares sold last month for around $2.5 million.
She co-owned the two bedroom Underwood Street property with her mother Denise Macpherson.
The two-storey, Victorian-style terrace on 113 sqm cost them $900,000 in 2004.
It was reported Meares and Nick split earlier in the year.
 
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firstname1-iYD4UYzvBa

Jodhi Meares selling Point Piper apartment

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Akuna, the Point Piper harbour front with historic Chinese boat shed, has been listed for sale.
It is offered for the first time offered in 20 years.
It has quietly slipped onto the market by Karen Daly, the successful author of the Fats &amp; Figures range of books, and wife of Warren Daly, the big band performer.
The couple paid $7.75 million in 1997.
The Wolseley Road house was designed by Richard Christian and Walter Barda for retailing businessman John David, with interiors by Michael Love and Thomas Hamel.
<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/2017/04/6/PointP.jpg" alt="" width="469" height="262">
There is inclinator access from the street garaging.
It is being offered with a French Riviera style three bedroom garden apartment in the Danmark, which has failed to find a buyer in recent weeks.
Set on Seven Shillings Beach, it comes with a Pagoda boathouse, a rare Chinese-style timber boatshed, one of only two on Sydney Harbour influenced by the late Victorian fashion for the East and oriental design.
<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/stories/2013/04/chineseboatshed.jpg" alt="chineseboatshed" width="470" height="259">
The boatshed was part of the property once owned by W. G. "Knockout" Smith, a millionaire industrialist and horse owner-breeder whose mansion Danmark was at the top of the ridge, but Knockout preferred to spend most of his time in his one-room shed, allegedly because he couldn't stand his wife.
The founder of the glassmaking giant Australian Consolidated Industries was noted for having a glass of champagne for breakfast, on doctor's orders, and swimming daily, summer and winter, in the harbour. Smith made a reputation selling upper Hunter horses to Hollywood bigwigs including the movie mogul, Louis Mayer, of Metro-Goldwyn-Mayer.
The horse Shannon left Smith's stable after being bought in 1947 for $54,600, an then Australian record. Smith raced him briefly before selling him for $62,500 to US owners who when racing him as a  seven-year-old - won the San Francisco County Handicap, in a time of 1m:55.6s for the nine-and-a-half furlongs (1,900m) which was 0.2s faster than the record established by US legend Sea Biscuit in 1936.
Apparently Knockout Smith he was easy to spot swimming because of his bather's cap. It last sold when the spritely John David secured $7.75 million in 1997 when bought by Daly's wife, Karen Alice Peerless.
No price guidance is offered by Sotheby's on <a href="https://www.realestate.com.au/property-house-nsw-point+piper-125224890" target="_blank">realestate.com.au</a>, but around $50 million could be expected.
 
 
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jchancellor-FAypfDUnLy

Point Piper harbourfront with Chinese pagoda boathouse listed without any big bang

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Aussie John Symond has secured around $13.3 million for his Point Piper penthouse, and likely to be closer to $13.5 million
The sale by Bill Malouf, of LJ Hooker Double Bay was secured on Monday morning.
<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/2017/03/14/Point%20Piper-2.jpg" alt="">
The two-storey penthouse is in a block of four apartments near his unsold Point Piper mansion which has now been withdrawn from sale despite securing $100 million plus buyer interest.
There have been renovations at the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-point+piper-123855782" target="_blank">Point Piper penthouse</a> since Symond bought the apartment in 2010 for $8.16 million from jailed fraudster Nati Stoliar.
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Aussie John sells Point Piper penthouse for more than $13.3 million

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It might be a struggle to sell a Wentworth Avenue property now a sinkhole has emerged overnight at the front of the home.
Listed with $11.5 million hopes, the home at <a href="https://www.realestate.com.au/property-house-nsw-point+piper-122978562" target="_blank">11A Wentworth Street</a> was listed as having two lap pools at the back of the property.
However due to the turbulent weather a third lap pool has appeared in front of the home.
This could result in the property's value to be reduced by half, according to Sotheby’s International agent Michael Pallier.
It was built by Greg Fisher, who ran the collapsed $400 million Satellite property development company and then sold in 2002 by Mr Pallier.
Dentist Neil Tanudisastro and wife Yani Sutaniman then bought the property before being sold to Hong Kong businessman Ke Gui for $10.2 million.
Currently it is offered through Black Diamondz Property Concierge.
The home first sold for $8 million in 2008 and last traded for $10.2 million in 2014.
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Point Piper sinkhole trophy home for sale

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The Ingham family have bought the Finger Wharf apartment of digital media entrepreneur Mark Dalgleish for $6.06 million.

<a href="https://www.realestate.com.au/sold/property-apartment-nsw-woolloomooloo-123625274">The three-bedroom Woolloomooloo apartment</a> was listed last year by Ray White Double Bay agents Elliott Placks and Richard Faludi.

 This luxurious residence is one of only eight apartments at the exclusive northern end of the Finger Wharf, placed within a stroll of galleries and celebrated waterfront eateries.

The purchase is through a company with the shareholding held by Susan Ingham, widow of the late chicken and horse racing tycoon Jack Ingham.

The Point Piper-based Dalgleish bought the apartment in the Lang Walker development as an investment in 2010 for $4.5 million from Port Macquarie’s former Liberal branch president Ken Dodds.

The Port Macquarie property developer had spent $6 million to upgrade into Woolloomooloo Finger Wharf apartment in 2007 when the unit was bought from the executors of the late car dealer Peter Warren, who had paid $2.5 million in 1999. The three-bedroom apartment with two car spaces sold in 2010 through Elliott Placks of Ray White Double Bay in conjunction with Bill Bridges.

<h2>NSW properties on the market right now:</h2>

[smartcode_project:default project_id=7317]

[smartcode_project:default project_id=6201]

[smartcode_project:default project_id=7758]
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Ingham family purchases Finger Wharf apartment

<html><body><div class="cq-article-content-paras section">
The Point Piper trophy home of luxury car importer Neville Crichton has sold for around $62 million.
It was sold subject to approval from the Foreign Investment Review Board. 
The home (waterfront centre) broke the headlines in 2011 after Title Tattle revealed Microsoft boss Bill Gates was set to rent the home during his Sydney sojourn.
Crichton's Tuscan-style residence, Portofino, made headlines in 2011 when it was briefly rented by the Microsoft co-founder Bill Gates and his wife Melinda at $25,000 a week.
It is next to the mega-mansion of Aussie John Symond which is for sale at $100 million plus.
The result puts it in the top two residential house sales nationally, topped by the $70 million record set by the Vaucluse hillside mansion, La Mer that was sold by James and Erica Packer in 2015.
The nearby waterfront mansion Altona ranks as the third highest house sale following its sale late last year for $61.8 million.
The three-level Portofino has six bedrooms, a gym, private jetty and is set on 1500 square metres at the end of Wingadal Place cul-de-sac in a sheltered inlet with gun-barrel Harbour Bridge views.
Crichton built after he bought the property from Bruce Rose and his wife Pam.
He recently joked if a burglar broke into his house “they’d look around and say, ‘you need a bit of help, here’s some money’.”
Crichton engaged Auckland-based designers Swan Railley Clapham to build a new residence on the Point Piper site he bought for $5.9 million from the Rose family in 1994.
The Roses bought in the early 1960s from the Hordern family for 18,000 pounds. The Rose family property held a private helipad licence.
Crichton and his girlfriend Nadi Hasandedic were spotted missing out at a downsizer Darling Point penthouse last year.
They reputedly also made an early offer of more than $20 million for the Finger Wharf penthouse of Russell Crowe at Woolloomooloo.
They are set to get married this year. 
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Car dealer Neville Crichton's FIRB-stamped $62 million Point Piper sale

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The eastern Sydney suburb of Point Piper topped the country in median value for houses in 2016, says CoreLogic in its list of Top Performing National Suburbs.
The suburb’s median value was $6,629,180 and there were 10 sales recorded.
Darling Point, another eastern suburb in the city, followed close behind with a median house value of $6,628,801, according to CoreLogic.
The Point Piper median came without the formal inclusion of the Altona sale as its price has emerged as $61.8 million, having previously been understood to be $60 million plus.
But as an example of the median, Property Observer found a five-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-point+piper-121754986" target="_blank">2 Wunulla Road, Point Piper</a> (above) which was sold in March this year for $6,450,000 under the hammer.
The deal was brokered by The Agency.
Sydney dominated the top 10 list of suburbs with the highest median value with five of the top 6 spots. The only outsider was Melbourne’s Toorak.
The high median price was consistent with recent CoreLogic data, which showed dwelling values in Sydney and Melbourne are rising at more than 10 percent per annum.
The increase in home values has taken the total value of residential property nationally to $6.7 trillion at the end of October 2016, according to CoreLogic.
The most expensive house sale Property Observer found on RP Data was at <a href="https://www.realestate.com.au/property/158-wolseley-rd-point-piper-nsw-2027" target="_blank">158 Wolseley Road</a>. This seven-bedroom waterfront house from the 1890s sold in May 2016 for $21 million through LJ Hooker.
It was on the market for more than 300 days. To put things into perspective, the house last changed hands for just $3,500 in 1998, according to RP Data. 
<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/2016/12/23/PtPiperTop.jpg" alt="">
Another high-value sale in 2016 was a five-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-point+piper-123795770" target="_blank">8 Wentworth Place, Point Piper</a> (below) that changed hands in November for $9,100,000.
The selling agent was Brad Pillinger of Pillinger. It last changed hands in November 1996 for $1.9 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/2016/12/23/PtPiperNo2.jpg" alt="">
The cheapest, still above $4.5 million, was a four-bed house at <a href="https://www.realestate.com.au/sold/property-house-nsw-point+piper-122621298" target="_blank">4 Wolseley Road, Point Piper </a>that sold for $4,550,000 through BradfieldCleary in May.
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Sydney's Point Piper tops median value for houses in 2016

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One of Point Piper’s rare breed of original old homes, the 1890s Anaconda, has been sold for $21 million.
The beachfront property came with an initial asking price of $28 million with suggestions there might have been a $25 million sale.
It has been owned by the Page family since 1960 when the late legal luminary Brian Page of Freehill Hollingdale and Page bought it for 20,600 pounds for his three sons Michael, Charles and Roderick.
Set on about 1000 square metres of absolute beachfront with a north-facing aspect, the property was bought by David Shein who recently sold in Vaucluse.
The Shein family had been looking at the Wolseley Road house for some time after entrepreneur David Shein and his wife Colleen sold their two Vaucluse waterfront properties for around $60 million to the co-founder of Menulog Leon Kamenev.
Mr Shein is a former board member of the ailing Fairfax Media group and was the founder and former managing director of Dimension Data Australia before he became non-executive chairman of Montech Holdings.
Charles Page has bought in Double Bay, where he has bought a free-standing house for $3,675,000 from Bambini Imports director Rebecca Cohen.
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David Shein secures Point Pipers's Anaconda for $21 million 

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It's not just Aussie John Symond's Point Piper home that's available to buy.
His neighbour, the luxury car dealer Neville “Croaky” Crichton is mulling over unsolicited offers for his trophy home.
The latest offer is reputedly at $60 million. 
Compared with the Symond mansion, Crichton's pad on Wingadal Place looks like a Tuscan version of a dower house. It's a three-storey, six bedroom home, with a gym, cellar and workshop, in the Tuscan style. 
He recently joked if a burglar broke into his house “they’d look around and say, ‘you need a bit of help, here’s some money’.”
Crichton has engaged Auckland-based designers Swan Railley Clapham to build a new residence on the Point Piper site he bought for $5.9 million from the Rose family in 1994.
Crichton was spotted recently spotted sitting in the back row of an auction, with his partner, when <a href="https://www.realestate.com.au/sold/property-apartment-nsw-darling+point-123228050" target="_blank">a Darling Point apartment sold for $6.3 million to a local buyer from China</a>.
But he never raised his bidding card for the Thornton Street 1970s timewarp (above) - which was offered through Michael Dunn, of Richardson &amp; Wrench Double Bay.
It looked like something from an Austin Powers movie set complete with garish blue living room with built-in fish tank, green dining capsule room, and orange themed living space.
Born in 1945 on a farm on New Zealand’s South Island, Crichton began buying cheap bicycles, tarting them up and selling them for enough profit to buy his first sailing boat at 12 year old. 
Crichton, whose Alfa Romeo won the 2009 Sydney-Hobart, hit the headlines in 2011 when his Point Piper harbourfront was rented by the Microsoft founder Bill Gates who flew into Sydney with his family for some Christmas holiday downtime.
Sources said the family paid about $25,000 a week to stay at the home.
This article was first published in the Sunday Telegraph.
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Neville Crichton mulls $60 million plus offer in Point Piper

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An original 1960s time capsule in Point Piper that was at the centre of a 2012 will dispute has fetched more than $13 million selling at the weekend pre-auction.
The John Suttor-designed Wyuna Road residence was the former home of Betty Harris and her late racing identity husband Keith Harris.
They bought the land for £15,000 in 1962. 
She had no children. She had had three sisters and a brother: Lorna, Melva, Florence (Flo) and Fletcher. She survived them all. Her closest relatives were two nieces and two nephews. Mrs Harris' niece, Coralie Anne Hart, is the daughter of her sister, Lorna. Her nephews, Warwick and Philip Mertell, are the sons of her sister, Melva. Her niece, Anne Elizabeth Nickolls, is the daughter of her sister, Flo. Her brother, Fletcher, was killed in the Second World War.
Mrs Harris was not close to any of her nieces or nephews.
Followed Betty Harris’ death in 2009 members of the family contested her will, claiming she lacked the mental capacity to leave her estate to her neighbour and friend, Beatrice Gray. Gray's late husband, Robert had assisted Mrs Harris with the garbage tin duties for years. 
The distant relatives of wealthy Point Piper women Betty Harris were chopped from her will.
Her $10 million estate went to Beatrice Gray after Betty Harris died childless aged 95 in September 2009. 
Judge Richard White rejected evidence that Betty had dementia and wasn't up to making a revised will in 2005. 
Her closest living relative was her niece, Coralie Hart of Coffs Harbour, who was a beneficiary of an earlier will.
In February 2005 the Guardianship Tribunal appointed Mrs Hart and other relatives as Betty's guardians. 
Swindells was then appointed as the financial manager of her affairs. 
In the 2012 judgement Gray v Hart &amp; Ors, it was alleged that Swindells had not properly performed his duties as financial manager: 
"For some months he left Mrs Harris without adequate funds. He prevented her from being able to write cheques as she was accustomed to do. Further, it was submitted that Mrs Harris' suspicion that Mrs Hart and her son-in-law were after her money was well-founded." 
Betty Harris' late husband was the colourful Sydney racing identity Keith Harris, vice-chairman of the Sydney Turf Club. 
He served prison time after delivering a bribe to prisons' minister Rex (Buckets) Jackson as part of the "early release scheme" for various criminals, including clients of the former Sydney solicitor Howard Hilton.
After the court case Mrs Gray told Sydney’s Daily Telegraph that she was ‘extremely grateful to Betty Harris,’ but declined to comment further.
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