ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Portsea

<html><body>
Seabird, the Mornington Peninsula weekender of embattled bikie lawyer John Voitin has been sold.
Voitin built the property in 2000 after paying $150,000 for the 1,235 square metre block in 1999.
The four bedroom, architect-designed home features a limestone open fireplace that adjoins a sunroom with wet bar.
Glass walls open to the pavilion style entertainment deck which meets the tennis court in the private garden.
A bikie taskforce police raided his former business in 2018.
This article first appeared in The Weekend Australian. 
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j.ballantyne1990-6AQqhLzZaK

Portsea weekender of bikie lawyer John Voitin sells

<html><body>
Moonya, the Portsea trophy home on the Mornington Peninsula clifftop, has sold.
There had been a guide of $20 million to $22 million to secure the property, so likely to be the peninsula's second biggest sale, only behind the $26 million Ilyuka in 2010.
Moonya, on 2,800 square metres over two titles, features a six bedroom Hamptons-style home.
There's a two level tennis pavilion next to the tennis court and a swimming pool in the Paul Bangay gardens.
The tennis court block was offered unsuccessfully last summer as separate holding.
An accountant has placed a caveat on the property following its sale, but just who will emerge as the buyer remains shrouded in secrecy.
Peninsula Sotheby's agents Rob Curtain and Danielle Veins secured the deal for the vendors, Zenith Interiors co-founder John Fisher and wife Jenny.
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Portsea trophy home Moonya sold

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Moonya, the Portsea trophy home and one of the Mornington Peninsula's finest properties, has hit the market.
Listed with a guide of $20 million to $22 million, a sale at that price would make it the most expensive home since Ilyuka sold at Portsea for $26 million in 2010, a Mornington Peninsula record.
It's been listed by John and Jenny Fisher, the founders of international furniture company Zenith Interiors. 
The clifftop is set on 2,800 square metres over two titles, with the tennis court block having been offered unsuccessfully last summer as separate holding.
The sprawling Hamptons-style home has six bedrooms, a home office and a gym.
The master is located on the second level, complete with its own walk in wardrobe, ensuite, sitting room and ocean facing balcony.
There's a two level tennis pavilion next to the tennis court and a swimming pool in the Paul Bangay gardens.
Peninsula Sotheby's agents Rob Curtain and Danielle Veins have the listing.
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Portsea trophy home Moonya listed with $22 million hopes

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The property spruiker turned media magnate in the making, Antony Catalano and wife Stefanie have spent $5.6 million to buy back at Portsea, on the Mornington Peninsula.
It was marketed as Portsea's ultimate beach house.
The private estate on 2,330 square metres has a contemporary five bedroom home with a separate study and parent's retreat.
The open plan kitchen, living and dining area opens to an alfresco deck that meets a signature oval swimming pool.
A full size mod grass tennis court and trampoline are located in the manicured grounds. 
<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/2019/7/31/portsea%2012.jpg" alt="">
Peninsula Sotheby's agents Rob Curtain and Patrick Sinn secured the sale. 
Catalano, the former boss of the Domain, recently spent $30 million off the plan for one of the penthouses in Tim Gurner's St Kilda project St Moritz.
Earlier this year he bought the Australian Community Media's portfolio of 160 regional newspapers.
This article was first published in the Weekend Australian. 
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Former Domain boss Antony Catalano buys back into Portsea

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Stuart and Nicole Patterson, founding partners of Pattersons Insurerbuild, Australia's largest specialised insurance repairer, have emerged as $9.6 million buyers in Portsea.
The weatherboard house had been a holiday home for the Langford family for more than seven decades. 
The family is descended from Clements Langford, a noted master builder and philanthropist.
He was involved in the construction of the spires of St Paul’s Cathedral in the city.
Set on a 1,410 square metre clifftop parcel, the original family home comprises three bedrooms, a bunk room, open plan living with fireplace and a verandah with sea views.
Liz Jensen and Gerald Delany from Kay &amp; Burton Portsea sold the property. 
Stuart Patterson is the managing director of the company that was founded in 1996. 
The Pattersons city home is a luxury Toorak mansion that cost $15.6 million in 2016. 
This article was first published in the Weekend Australian. 
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Insurerbuild partners emerge as $9.6 million Portsea buyers

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Management consultant Chris Livitsanis has sold his Portsea home, without water views, for almost $6 million.

<a href="https://www.realestate.com.au/property/28-wildcoast-rd-portsea-vic-3944" target="_blank">The architect-designed home</a> was built after he bought the vacant building block in 2015 for $900,000.

It is understood to have sold to pharmaceutical and medical cannabis consultant Con Tangalakis.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/28/portsea%202.jpg">

The home was designed by architect Dominic Piccolo as a five-bedroom, six-bathroom house.

It came with an initial $6.2 million to $6.4 million price guide through Liz Jensen at Kay &amp; Burton.

The Australian Financial Review dubbed Livitsanis a "house flipper".

[smartcode_project:default project_id=89720]

Livitsanis's prior's weekender Dreamweaver, the Portsea back beach offering that fetched $3.5 million having been passed in at 2014 auction on a $3.5 million vendor bid.

It had been on and off the market over the past two years with an asking price of $3.5 million.

The two-storey Cheviot Road home with gas and solar-heated lap pool and spa plus championship Modgrass tennis court was sold to Arthur and Effie Charlaftis.

He is the former REA Group chief operating officer.
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Medical cannabis consultant Con Tangalakis buys at Portsea

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The former Australian cricket captain turned commentator Ricky Ponting and his wife Rianna have bought in Portsea.
The couple paid $3.51 million for the home, close to Fishermans Beach which had a $775,000 build in 2009.
The four-bedroom, three-bathroom will be a weekender from their home on Brighton’s “golden mile”, which they bought for $10 million in 2013.
The two levels home has a resort style heated pool and spa along with in-ground trampoline and basketball practice area on its 1,068 square metres.
It was sold by Sothebys who struggled to find a buyer with the property listed for more than 300 days.
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Ricky and Rianna Ponting buy Portsea weekender

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The priciest Victoria long weekend auction offering was a Portsea listing with $2.8 million to $3 million hopes, but it was passed in with out any bid from buyers.
The modernised five bedroom, two bathroom <a href="https://www.realestateview.com.au/real-estate/50-franklin-road-portsea-vic/property-details-buy-residential-12300197/" target="_blank">50 Franklin Road home</a> sits on a 1300 sqm holding.
It last sold for $1.8 million in 2015 with a new kitchen, with cool room, a loggia with bbq, plus the rear garden pool and cabana among its subsequent renovations.
It has an epicurean kitchen with Caesarstone island, Miele and Smeg ovens, integrated dishdrawers and freezer, a butler’s pantry and restaurant style cool room fit for a master chef.
There was bore water for the gardens.
RT Edgar agent Ilze Moran placed a $2.8 million vendor bid at the onsite auction.
It was sold later on the weekend at an undisclosed price.
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Franklin Road, Portsea trophy home sold post-auction

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A Portsea bathing box cum boatshed is set to break the bathing box record in Victoria.
The box, number 8 at Point King Beach, has a guide of $450,000 to $495,000 for its January 20 auction.
Liz Jensen and Lorna Duffy at Kay &amp; Burton Portsea are conducting the marketing.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/boatshed%202%20.jpg" alt="">
The listing photos shop a deep beach box, littered with paddle boards, bodyboards, a kayak and lifejackets.
It has an exposed insulated roof.
Bathing box number 1, just further down the beach, is <a href="/expert-insights/buying/bathing-box-1-point-king-road-portsea-listed-for-australia-day-auction">up for auction on Australia Day</a> with a guide of $300,000 to $330,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/boatshed%203.jpg" alt=""> 
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Boatshed 8 Point King Beach, Portsea listed with high hopes for January auction

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A bathing box built in the early 1960s on Point King Beach at Portsea has hit the market.
The box, with a small deck and steps leading to its entrance, maintains its original wooden features, including a rear bench and shelving.
It has been <a href="https://www.realestate.com.au/property-other-vic-portsea-130147850" target="_blank">offered publicly for the first time</a> by Ilze Moran and Warwick Anderson from RT Edgar Portsea. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/beach%20box%202.jpg" alt="">
They have a set a potential guide of $300,000 to $330,000 for bathing box 1 Point King Road at its Australia Day auction.
The most recent sale on the bay was in April last year when <a href="/news/brighton-bathing-box-plus-cranbourne-north-sales-among-weekend-auction-records">one of Brighton's newest beach boxes</a> sold for $337,000.
Another offering further down the Portsea beach is where <a href="/expert-insights/buying/boatshed-8-point-king-beach-portsea-listed-with-high-hopes-for-january-auction">bathing box number 8</a> has been listed with a $450,000 to $495,000 guide for its January 20 auction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/21/beachbox%203.jpg" alt="">  
Portsea sales have neared $1 million.
The Portsea boatshed was sold for close to $1 million <a href="/news/portsea-boatshed-sells-for-just-shy-of-1-million">by the Boykett family</a>.
Changing hands for the first time in almost 70 years, boatshed 17 Fisherman’s Bend Foreshore had been listed with an asking range of $910,000 and $1 million in mid-2018.
<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/2018/11/30/7e2345762ceb412b91495c3088e8aa1e.jpg" alt="">
Kay &amp; Burton secured <a href="https://www.realestate.com.au/sold/property-house-vic-portsea-129683114" target="_blank">the sale of the boatshed</a>, which is not connected to power or water.
The buyers were local holidaymakers.
The last Fisherman’s Beach sale by Kay &amp; Burton was in 1991.
<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/2018/11/30/f25892b391804c35a67d9d1c67e95106.jpg" alt="">
The last confirmed record price was when Portsea boat shed 23 fetched a record $615,000 in late 2015.
Set at the foot of the track to Shelley Beach it had been tightly held for over four decades.
</body></html>

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