Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Ray White

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Ray White Rural has appointed Adrian Knowles (pictured above) as the state manager for Ray White Rural and Livestock in Queensland.
Hailing from Central Queensland, with the country in his blood, Knowles expects to drive an ambitious growth and productivity plan.
The former real estate agent and corporate business growth specialist said his focus will be to provide corporate support to the rural business owners in Queensland.
“There’s never been a tougher time on the land due to the oppressive drought so I am here to lend support,” Mr Knowles said.
“I also have ambitious plans to help our owners with their recruitment  and business growth.”
Ray White Rural Queensland has almost 60 business across the state.
The extended Ray White Rural and Livestock corporate team includes chairman Paul White.
CEO of Ray White Rural and Livestock Stephen Nell said this was at an important time in the company’s growth.
“This year is our 25th year of operation and with over 100 offices and over $1.6B in sales annually, we are ensuring our members have the best resources to run strong local businesses,” Mr Nell  said.
The steam includes business development executive Jez McNamara; and head of innovation Lyndsey Douglas.
The other state managers are (Victoria) Jason Hellyer and (NSW) Stewart Gordon.
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Ray White Rural appoints Adrian Knowles

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The Gold Coast had close to 100 auction offerings offered under the hammer yesterday in Ray White's 24th annual big January auction, The Event.
The auction saw a clearance rate of nearly 50 percent, with a total of $19 million in property sold under the hammer.
There were 230 registered bidders over the day, with homes selling from $118,000 to $1.1 million.
The highest price paid under the hammer was $1.1 million for a three-bedroom apartment at Rivage Royale, in Southport. Similar units have sold for $1.2 million in recent times.
A five-bedroom waterfront home at Biggera Waters, north of Southport, sold for $1.01 million
The lowest sale was $118,000 for a hotel suite at <a href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-128374418" target="_blank">Mantra on View in Surfers Paradise</a> through Glenn Shillig.
The unit comes fully furnished.
There is another in the same block for sale by private treaty at $135,000, with recent sales from $110,000.
The body corporate fee is $65 per week, council rates $62 per week and water $25 per week. 
All electricity and building insurance is fully paid by the hotel operator.
Owners have the benefit of staying up to 28 days and pay only 12% of the room tariff plus an exit cleaning fee of $69.50.
A recent offering suggested rental income was $14,500 pa.
A one-bedroom unit at Southport was declared on the market at $190,000, and sold at $195,000.
More than 2000 people passed through the doors of the Royal Benowa Ballroom at the RACV Royal Pines Resort throughout the day with an even split between Gold Coast and interstate buyers.
RWSP CEO Andrew Bell said the atmosphere in the room was the "most energetic we’ve seen in some time."
“The level of enquiry for The Event was significantly more than we anticipated, with some properties receiving between 80 to 100 inspections over the marketing campaign, and others a very healthy 40 to 50 inspections,” he said.
Mr Bell identified two significant groups of buyers.
“The first was locals looking to upgrade or downgrade or simply enter the market for the first time as they’ve found prices more attractive. 
“The second, almost equally sized group, were the migrating baby boomers out of the southern states who have been buying Gold Coast property at unprecedented levels.” 
The mix did not include many oversea buyers.
Younger bidders picked up many of the offerings which averaged around $400,000.
One young couple secured a three-bedroom, two-bedroom entry-level property at Ashmore, inland from Surfers Paradise, at $498,000.
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Ray White Surfers see energetic auction bidding at The Event 2019

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Ray White Double Bay’s leading residential agent Gavin Rubinstein has added Bradley Plos to the team.
Plos has been described as a "young, energetic prodigy."
Rubinstein, the director of The Rubinstein Group, said at the core of the team's focus is providing the best possible customer service.
“Energy, hunger and drive are critical in this business and surrounding yourself with those who possess these traits will only make you more effective for your clients.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/18/Rubin-team.jpg" alt=""> Rubinstein and his team before the latest recruitment.
“Bradley certainly has those characteristics which is exciting, and I believe he will be yet another point of difference to the value proposition TRG has to offer," Rubinstein said.
"At the end of the day for us, the bottom line is always being vendor focused.” said Mr Rubinstein.
Plos is a new convert into the real estate industry, having only started sale at Hudson McHugh in late 2017.
According to realestate.com.au, he had one sale to his name, a unit in Ashfield which sold last year.
 “I’m extremely excited to be joining Gavin and his team and welcome the pressure that this level of the industry demands," Plos said.
"I feel I have a lot to give and I am thankful for the opportunity.”
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jrobinson-rf4aSBido9

Gavin Rubinstein adds Hudson McHugh agent Bradley Plos to his team

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Ray White have their big January 2019 auction, The Event scheduled for January 28.
Around 100 offerings are set to go under the hammer.
<a href="http://theauctionevent.com.au/" target="_blank">The Event</a> has been going for 24 years.
"This year’s could be the most interesting so far,” says Andrew Bell, chief executive officer of Ray White Surfers Paradise Group.
The Ray White Surfers Paradise Group is gearing up for its big annual auction program which is set to cap off the busy Australia Day long weekend on the Gold Coast.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
<img src="https://www.urban.com.au/images/2019/1/18/Surfers%20apt%202.JPG" alt="">
One property being taken to The Event is <a href="https://www.propertyobserver.com.au/https://www.rwsp.net/properties/residential-for-sale/qld/broadbeach-4218/apartment/2019205" target="_blank">610/22 Surf Parade, Broadbeach</a> (pictured above), a two bedroom two bathroom apartment with city and hinterland views.
With 93 sqm the unit has an estimated weekly rental income of $468 per week and outgoings for body corporate at $5,970 per year, GCCC rates: $3,570 per year and GCCC Water at $1,775 per year.
The home was last sold in 2006 for $485,000.
The property was listed for 675 days from 2013 to 2015 listed AT $249,000.
<img src="https://www.urban.com.au/images/2019/1/18/Surfers%20apt%201.JPG" alt="">
Another property being taken to auction is <a href="https://www.propertyobserver.com.au/https://www.rwsp.net/properties/residential-for-sale/qld/surfers-paradise-4217/apartment/2024000" target="_blank">109/1-8 Paradise Island Drive, Surfers Paradise</a> (pictured above), a one bedroom one bathroom unit being taken to auction.
With an estimated weekly rental return of $360 to $390 per week, the apartment's outgoings are body corporate of approximately $95.00 per week, council rates of approximately $59 per week and water of approximately $27 per week.
Located within easy reach Surfers Paradise beaches and the entertainment precint the listing notes that the owner is "extremely motivated and will even sell prior to auction."
Bell expects 2019 to be a pivotal year for the property market due to a looming federal election.
“We’ve taken a different approach to The Event next year for a number of reasons,” said Ray White Surfers Paradise (RWSP) CEO Andrew Bell.
“As always, sellers will still be taking advantage of the peak holiday season on Gold Coast,” he said.
“January remains our best month for tourism, and with more accommodation coming onto the market we’re expecting record numbers again next year accompanied by another strong buying season.
“We’re holding The Event on a Monday for the first time, taking advantage of the full long weekend to give prospective buyers more time to view properties ahead of the auction.”
“Inquiries traditionally are up 60 per cent during January and we’re expecting this year to be no different.
“However, next year’s program will be even more important from an investor’s perspective, especially with changes to property rules expected under a potential new government.
“We know from history that elections tend to distract the market anyway, but this time around there is the added uncertainty over the future of negative gearing on established properties should Labor win the election.
“Combined with the interest we are expecting from our traditional visitors to the Coast, this provides a compelling reason for many property owners to sell in January.
“We have no doubt that investors who depend on the negative gearing rules that exist today also will be looking closely at established properties.
“We’re expecting more buyers to take advantage of the proposed grandfathering provisions for negative gearing of established properties ahead of any official changes to the regulations.”
The Event, run in conjunction with the Gold Coast Home &amp; Living Expo, is being held at RACV Royal Pines Resort on January 28 from 10am.
 Last year's auctions eventually led to the sale of 108 properties, following over 3 million online property views, 2500-plus registered property inspections and more than 170 registered bidders on the day.
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Ray White's The Event auction anticipates pre-election investor spike for Surfers Paradise 

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Nic Krasnostein, one of the leading agents in Sydney’s east and inner-city precincts, has been recruited by Ray White Double Bay.
He had been at BresicWhitney since January 2007, so just short of 12 years.
His celebrity clients through the year have included the MasterChef semi-finalist Karlie Verkerk, the Rivkin family, marketing consultant Bruce Pollack, and the hairdresser Stefan Ackerie at the Finger Wharf in Woolloomooloo.
Ray White has also signed on <a href="/news/ray-white-signs-on-matthew-carvalho-for-inner-west-expansion">Matthew Carvalho</a> as part of their inner west expansion.
It was last September when Elliott Placks took over the Double Bay agency from the founding directors, Craig Pontey and Michael Finger.
The property veterans stayed on at the estate agency as sales agents and mentors to the 30-strong sales force.
The Ray White Double Bay office sold more than $930 million in property last year, being the number one office in Ray White’s Australian network for the last seven years.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
Pontey said this was a very natural succession plan which the trio had all been working towards for some time.
Placks had been at Ray White Double Bay for 15 years and as a director for the prior seven years.
Rival Double Bay agencies also appear to be on a expansionary recruitment drive cherry picking select agents from other agencies.
Jane Schumann, who has worked in real estate since 1990, quit Di Jones for Raine &amp; Horne Double Bay late last year.
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Schumann was part of the team at Di Jones Real Estate Eastern Suburbs for the previous 13 years.
She was credited as the firm’s number one agent in the east. 
</div>
<div>
The other big name joining Raine and Horne Double Bay is Peter Starr, an agent for more than 27 years, who moved from McGrath Edgecliff.
The recruitment coup was led by the company’s head of sales, Luke Hogan, who was McGrath eastern suburbs sales manager until earlier last year.
Both Schumann and Starr were reputedly offered sign on fees.
Directed by Ric Serrao and Martin Maskin, the Raine &amp; Horne office has been recognised for the past 14 consecutive years as Raine &amp; Horne’s best performing office in both number of sales and dollar value.
Raine &amp; Horne Double Bay has been the flagship office of the Raine &amp; Horne brand since it opened in 1968, the network’s first suburban office.
In 2012, Raine &amp; Horne Double Bay acquired Raine &amp; Horne Bondi Beach, which was established in 1979.
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jchancellor-FAypfDUnLy

Nic Krasnostein recruited by Ray White Double Bay from BresicWhitney

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Ray White's November sales results saw a 16 percent drop on its November 2017 record, according to their latest advisory.
Dan White advised in The White Paper update the group sold $3.87 billion in unconditional sales last month.
The November drop was bigger than the October drop when the trading sales value for Australia and NZ came in just over $3.66 billion, eight per cent less than October 2017.
September saw almost $3.4 billion traded for the month, which was 10 percent lower than September 2017.  
Australiasia's housing market correction was evident in August as the group recorded $3.49 billion in unconditional sales, which was 13 percent lower than August 2017.
The NSW network recorded a 26 percent fall in sales in August to $938 million and there was a 28 per cent drop in total sales in Victoria to $465 million.
Dan White noted Ray White's market share has been growing across these markets in the last 12 months but the overall market was shrinking.
"While there’s no doubt that the core east coast markets have eased, Ray White Double Bay had their best November ever," he added.
Ray White Double Bay recorded November sales of $151 million with the 25 person sales team converting 38 sales with an average sale price of $3.96 million.
The Double Bay agents Craig Pontey and Elliott Placks secured Ray White's highest sale of the month – a Vaucluse trophy home – for around $30 million.
Mr White noted that despite some bright pockets that transactions were down broadly and with less market activity, advertised listings have surged higher.
"Buyers now have ample choice and time on their hands to negotiate on price and there is certainly not the same urgency in the market, plus finance is hard to access."
The tally is across Australia and its international offices.
Their New Zealand network had their best month of sales for 2018 in November which was up by 28 per cent on the same month last year and up 15 per cent on October. 
 
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Ray White sees 16 percent drop in November sale results

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Scammers have succeeded in securing $90,000 in proceeds from the recent sale of a $1.2 million Gold Coast investment property by Ray White Mermaid Beach.
The sale included a $120,000 deposit put in a trust account managed by the agency.
With the sale proceeding, the agency took its $30,000 commission and then told the client to email them his bank account details.
The client, Andrew Buckley, the former chief executive officer of the engineering firm Cardno, did so, but soon after, another email was sent purportedly from him.
The false email had requested the money be sent to a different, fake bank account.
The agency sent the $90,000 to that fake Westpac account, with the proceeds having not been recovered.
Buckley told the Courier Mail he was "flabbergasted" that no one called him from Ray white to check the new bank account details were true.
“As far as I’m concerned … this (email with a fake account) is a well-known scam,” he said.
The Ray White agency, in a letter to Buckley, pinned the blame on him.
“The fact that it has now come to light that it was not Mr Buckley who sent those written directions is as a result of Mr Buckley’s own failure to ensure the security of his email account,” its letter said.
Buckley acknowledged his email might have been hacked, but also it could have been a hacking on Ray White’s side.
Ultimately, he said this issue was irrelevant as he argued the real estate agent had a responsibility to verify details, especially with cash held on trust.
“You’re looking after someone else’s money,” he said.
The agency declined to answer questions from the Courier Mail, saying it was “fully co-operating” with investigations under way.
Ray White’s head office last month told agents to “never accept a change in bank account details via email without confirming its legitimacy with your client”.
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Ray White blame client for missing $90,000 Mermaid Beach sale deposit scam

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The Ray White business in South Australia and the Northern Territory is now 100% owned by the White Family, after business partner Nick George (pictured above) sold his shareholding in the franchisor, while the operation of the business remains the same.
Ray White Group director Dan White said the family had enjoyed a close relationship with Nick George for more than 25 years.
“Nick started Ray White in Adelaide from scratch and built a remarkable and now market-leading business throughout SA and NT over this time and we are blessed by so many wonderful members committed to excellence and continuous improvement,” White said.
“The structure of our relationship to date with Nick George and his business has been an alliance between the White Family and Nick’s own private company, which was unique in our group.
“After much discussion, Nick agreed it was time to change and we have agreed to purchase Nick’s interest and we will continue Nick’s legacy in these markets with the business fully integrated into the Ray White Group, consistent with the rest of Australia.
“We collectively feel that this is the right time for this change for a number of reasons. Firstly, and most importantly, Nick and our family have great confidence in our corporate team in Adelaide, led by Matthew Lindblom and including Bianca Denham, Daniel Gray, Kristen Buick and Michelle Cotsanis.
“We are so proud of the work they are doing and the ambition they share with all our members.”
George has now been named a White Family life member in recognition of his contribution to the family business.
There was no change to the Loan Market business, with its operation continuing in SA and NT through a partnership between George and the White family.
<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/2018/11/2/Matt%20Lindblom%20Lifestyle%202016%20sml.jpg" alt="">
Ray White SA and NT chief executive officer Matt Lindblom (pictured above) said it was the beginning of a new and exciting era for Ray White in South Australia and the Northern Territory.
“We are leading South Australia with the latest market share report  showing Ray White at 14.5%, with an ambitious growth strategy of 20% market share for the future in both SA and NT,” Lindblom said.
“We are excited about working even more closely with the Ray White corporate specialist teams and the value they can provide to all members of the Ray White network.
“Ray White is in a unique position to have all the resources of a global business with over 1000 franchises worldwide, as well as the strong values of a fourth generation family business.”
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White Family cements Ray White business ownership in South Australia and NT

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Ray White Commercial WA has hired office leasing specialist Clive Norman to fill the role of director of office leasing in their Perth team.
Mr Norman (pictured above), who has more than 17 years of experience in the office leasing sector said he was delighted to join the Ray White Commercial (WA) team.
He established the leasing division of Burgess Rawson as a major player in the Perth market.
He says the plan for the department was to establish Ray White as a significant player in the Perth CBD and city fringe office leasing market.
Norman said having known Ray White director Stephen Harrison for many years, he knew the culture of the group suited him perfectly. A property that will likely fall under the purview of Norman include is 135 Canning Highway, South Perth (pictured below).
<img src="https://www.urban.com.au/images/2018/10/10/Lease%202.JPG" alt="">
This holding is a recently refurbished open plan office.
The property, zoned highway commercial is set on 135 sqm.
It comes to market with an asking lease of $33,750 pa + Outgoings.
<img src="https://www.urban.com.au/images/2018/10/10/COlin.JPG" alt="">
A property he recently leased while at Burgess Rawson is 13 Colin Street, West Perth (pictured above).
Set on 209 sqm the office building came with 9 parking spots.
It was most recently listed at $57,475 per annum net + GST/A with additional monthly fee's for the individual parking spaces of $200 - $250.
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Office leasing specialist Clive Norman joins Ray White Commercial WA

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The founding directors of Ray White Double Bay, Craig Pontey and Michael Finger have sold their shareholdings to Elliott Placks, but are not going far.
The property veterans are staying on at the estate agency as sales agents and mentors to the 30-strong sales force.
The Ray White Double Bay office sold more than $930 million in property last year, being the number one office in Ray White’s Australian network for the last seven years.
(Pictured above Craig Pontey, Elliott Placks and Michael Finger.)
Pontey said this was a very natural succession plan which the trio had all been working towards for some time.
“This is a very stylish transition and the time is right.
"We both know Elliott will take the business that we started in 1988 to new levels," Pontey said.
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Source: Sydney Morning Herald - 1988
Finger said it’s “business as usual” for their clients.
“Craig and I are just stepping back from the day to day management of the business and I’m looking forward to helping mentor the agents." 
Elliott Placks is now the managing director of Ray White Double Bay.
Placks has been at Ray White Double Bay for the last 15 years and as a director for the last seven years.
“I’m proud of the achievements this incredible team has received and their continuous drive for high performance and I’m thrilled to be at the helm,” Placks said.
The 37-year-old ambitious leader said his team was unified through collaboration, authenticity, elite habits and immovable ethics and values.
Michael Krimotat is its director of property management and Daniel Pym, the director of its loan division.
Pontey and Finger joined ERA Ray White from AH Taylor Nationwide in April 1988, with it reported in the local paper, The Eastern Herald's Hobnobbing column.
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Their first listing at the new agency was the 1885 Randwick home Peckham on Cowper Street for the furniture retailers Graham and Helen Bailey from Bailey &amp; McBride.
It hasn't sold since its mid-1988 sale at $1.31 million.
The veteran pair started together at AH Taylor Real Estate in 1978 as property managers when Finger hired Pontey.
Their Ray White Double Bay co-founder Trevor Leach sold out of the partnership around six year ago.
AH Taylor, which briefly held the Century 21 franchise, dates back to 1926.
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