South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

Port Hedland

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Seven of the nine regional WA locations experienced quarterly median house price growth during the December 2020 quarter.  

REIWA President Damian Collins said the reiwa.com data shows eight experienced house price growth compared to the December 2019 quarter too.  

Port Hedland saw the biggest improvement, with its median price increasing to $270,000. 

“This represents an improvement of 9.3 per compared to the September 2020 quarter and 17 per cent compared to the December 2019 quarter,” Collins said.

"Esperance was another strong performer, with its median increasing to $343,000, an increase of 3.9 per cent during the quarter and 9.8 per cent compared to the December 2019 quarter,”  Collins noted.  

Five regional centres saw sales activity increase during the quarter, led by Karratha and Geraldton were the standouts. Sales activity was up 15 per cent in Karratha and 12 per cent in Geraldton during the quarter. 

The other centres to record improvements were Port Hedland (up seven per cent), Albany (up four per cent) and Kalgoorlie-Boulder (up one per cent).  

“Overall, the regional sales markets are showing strong signs of recovery, with mining sectors like Port Hedland and Karratha leading the way,” Collins conclude.

“This is in part due to the commitment by mining companies to keep their workers in WA as they continue to navigate the COVID-19 travel restrictions.” 

<img alt="" height="513" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/wa_houses_2020.jpg" width="712">

Meanwhile rental listings declined in seven regional centres during the December 2020 quarter.  

Busselton and Bunbury saw the biggest reduction during the quarter, with listings down 36 per cent and 23 per cent respectively.

With fewer rentals available across regional WA, tenants were having to offer more weekly rent to secure a lease with Port Hedland and Karratha recorded the biggest quarterly increase in rent price, with their median rents up $55 to $550 per week and $50 to $700 per week respectively.  
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Port Hedland houses saw the biggest improvement across WA, up 10% with its median price increasing to $270,000

jchancellor

90% of West Australia saw house price growth in 2020

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A class action has been flagged against the State Government by dust-affected residents of Port Hedland over a voluntary buyback scheme for their homes.
The government announced that, under the terms of the a $200 million scheme, residents of Hedland’s West End will be offered a 35 per cent premium to the agreed market value of their homes on August 6 last year along with $20,000 for transaction costs.
The scheme is to be funded by iron ore miners such as BHP after months of negotiation between industry and residents, who have complained about the dust from iron ore loading operations at the port affecting both their health and amenity.
It will open in the second half of the year and remain open for at least three years.
Residents who bought during the last mining boom, however, are likely to lose hundreds of thousands of dollars on the original value of their homes as property prices have diminished due to the worsening dust problem.
Port Hedland Community Progress Association spokesman Jim Henneberry said West End residents wanted to see a 35 per cent premium to the “unaffected value” of their homes.
“The people of Port Hedland don’t want the port to stop growing… but do it in a healthy manner or give people their fair share and buy them out,” Mr Henneberry said.
According to Mr Henneberry, the progress association has a class action almost ready to go.
“We’re not just going to lie down and take it”, he said.
BHP WA Iron Ore acting asset president Tim Day said the company supported the voluntary buyback scheme, yet it is still unclear what proportion of the plan will be funded by individual port users.
The buyback offer comes after an ACIL Allen report which estimated the port contributed $54.7 billion to the WA economy last financial year.
The Port Hedland Industries Council, who commissioned the report, also welcomed the scheme, saying it would consult the State Government to determine a suitable funding arrangement.
The State Government said the voluntary scheme, which is available to owners of more than 400 permanent residential dwellings, would not lessen its responsibilities for dust mitigation in the town.
Regional Development Minister Alannah MacTiernan said the scheme was designed to provide options to property owners in the West End whose land was subject to a rezoning to limit residential use.
“The McGowan Government is committed to developing the West End as Port Hedland’s buzzing maritime and commercial hub, backed by our investment into the Spoilbank Marina and ongoing work on future opportunities for the area,” she said.
Source: <a href="https://edition.thewest.com.au/html5/shared/ShowArticle.aspx?doc=WAN%2F2020%2F06%2F13&amp;entity=Ar06301&amp;sk=4352F19E&amp;mode=text" target="_blank">Port Hedland Dust-up</a> published by the West Australian
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j.ballantyne1990-6AQqhLzZaK

Port Headland residents launch class action over buyback scheme

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A Port Hedland duplex has time-travelled 20 years, and $460,000, back in time to sell for just $95,000 by the mortgagee in possession.
It's the same price <a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-wa-port+hedland-128443178" target="_blank">46a Moore Street</a> scored when it sold back in 1999.
In 2010, however, the 1966 built property sold for $555,000.
<img src="https://www.urban.com.au/images/2018/12/6/Port%20Hedland%202.JPG" alt="">
The two bedroom one bathroom semi-detached home is one street back from the beach.
Set on 482 sqm the home boasts original floorboards throughout as well as a double undercover carport.
Featuring an open plan living and dining arrangement the duplex also has a fully fenced backyard large enough for a pool.
The house was originally sold by the state housing commission for $29,000 in 1994.
The recent sale was listed as sold by the First National office, whose recent sale successes put them in the group's top 10 performers, resulting a reward with attendance at the recent National Association of Realtors (NAR) convention in Boston.
 
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Time travelling Port Hedland home sold by mortgagee

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In the town of Port Hedland, a three bedroom house has been sold by mortgagees for $425,000.
The Western Australian house had last sold at $965,000 in 2008. 
Situated at<a href="https://www.realestate.com.au/sold/property-house-wa-port+hedland-128371350" target="_blank"> 6 Sutherland Street, Port Hedland</a>, the oceanfront reserve home comes with three bedrooms, spacious living area, modern bath, and multiple sheds.
It is located only a short stroll to The Yacht club, the beach, and St Cecilia's Primary School.
It is adjacent to the Spoil Bank Recreation Reserve.
The town's median house price sits at $395,000, according to CoreLogic. 
It was sold by Victoria Thoegersen and Jim Henneberry from Property Shop. 
 
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Oceanfront reserve Port Hedland house sold for half a million loss by mortgagees

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A Port Hedland one bedroom unit with views of the ocean has been sold for $150,000 by mortgagees.
It was sold by Rick Hockey from Hedland First National last month. 
Built in 2014,<a href="https://www.realestate.com.au/sold/property-apartment-wa-port+hedland-126990010" target="_blank"> 5/2 McKay Street</a> comes with one bedroom, open plan kitchen, dining and lounge room, and balcony overlooking the ocean and inlet harbour.
Additional features include split system air conditioning, personal storage room next to apartment and undercover car parking plus visitor car parking.
It is close to the Dome Café and the Port Hedland town centre.
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Port Hedland apartment with ocean views sold by mortgagee

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A modern well-appointed South Hedland home has been sold by mortgagees for $280,000.
It was a two storey, four bedroom, three bathroom family home.
Monique Anlezark, the Hedland Property Shop agent, <a href="https://www.realestate.com.au/sold/property-house-wa-south+hedland-125479478" target="_blank">listed it in May at $300,000</a>.
The 2001-built home was offered as a $650 a week rental in 2016.
It had previously been a rental offering in the mining boom when around $1750 was sought.
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$1250 a week South Hedland rental sold by mortgagee at $280,000

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Karratha was one of the first mining towns to slump when the mining boom began to fizzle back in 2012-2013. 
Property prices in the West Australian port town have been in decline ever since and new data from SQM Research indicates that there is no sign of a resurgence. 
SQM's Louis Christopher took a look at the latest charts and saw little sign of short-term hope for the mining town's property investors. 
"The update shocked me," Christopher said in the firm's latest update.
"House prices are still plunging there, with no sign of a bottom, as this SQM Research chart reveals."
<a href="/images/2016/09/28/CHART1.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART1.jpg" alt="" width="515" height="274">
It's not just property prices that have taken a hit form the end of the mining boom. Rental prices in the region have also fallen in Karratha. 
"The <a href="https://sqmresearch.us5.list-manage2.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=42e441357f&amp;e=0aab96dc54" target="_blank">rental market</a> is no better," Christopher said.
<a href="/images/2016/09/28/CHART2.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART2.jpg" alt="" width="522" height="276">
Christopher said that other mining towns in the region are faring little better, analysing conditions in Port Hedland. 
"It is no better in Port Hedland either, where <a href="https://www.sqmresearch.com.au/asking-property-prices.php?postcode=6721&amp;t=1" target="_blank">asking prices</a> for properties have tanked," he said.
<a href="/images/2016/09/28/CHART3.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART3.jpg" alt="" width="496" height="261">
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jonathanchancellor-7SQnKwU6yx

Karratha and Port Hedland property prices still tanking: SQM

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It was almost six months ago that a WA mining town home auction shocked the nation.
The ABC reported on a Port Hedland February auction where the fibro cottage was passed in at auction for $360,000 unsold.
Its highest offer reflecting 2006 price levels.
Immediately after the auction came its declared $600,000 asking price, then $590,000 in March.
It had last traded four years ago for $1.3 million, and before that at $870,000 in 2009 and at $350,000 nine years ago in 2006. 
This month it had yet another asking price reduction - down from $470,000 to<a href="https://www.janfordrealestate.com.au/1928630/" target="_blank"> $435,000</a>. 
The three bedroom, one bathroom 1960s house sits in the heart of the Western Australian mining town. It is within the business and commercial district, opposite developments and not far from the boat ramp, Marapikarrinya Park, and fishing wharf.
<img src="/images/2015/06/17/700_headland.jpg" alt="" style="line-height: 1.3em;">
Real estate agent Barry Walsh at Jan Ford Real Estate told the ABC the top February bid was a sign the mining boom's construction phase had tapered off.
Negotiations continue for the sale of the cottage with 145 square space on its 600 square metre block.
It was initially listed for private treaty sale in June 2013 at $1.42 million.
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