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.

Joel Robinson

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

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

Residential Listing

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The former Socceroo George Harris has listed his Woonona home.
Surrounded by cottage gardens, the home sits on 652 sqm parcel down a private lane. 
<a href="https://www.realestate.com.au/property-house-nsw-woonona-121148446">He bought the three bedroom cottage</a>, with country style kitchen, in 2005 for $450,000.
Harris was selected in the provisional 40 man squad to go to Australia's first ever World Cup in 1974 however he didn't make the final 22.
The defender represented Australia 28 times becoming a member of the Australian Football Hall of Fame.
McGrath Thirroul listing agent Troy McNeice has a price guide of $780,000 to $840,000 for the property in the suburb with a current $740,000 median house price.
This article was first published in the Saturday Daily Telegraph.
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jrobinson-rf4aSBido9

Former Socceroo George Harris lists Woonona home

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The stylish Amanda Tabberer has put her Woollahra terrace with private courtyard up for March 16 auction.
The author of My Amalfi Coast has listed it <a href="https://www.realestate.com.au/property-house-nsw-woollahra-121954254" target="_blank">with Ray White Unlimited’s Melanie Lahoud with $1.3 million hopes</a>.
It was bought in 1999 when the then Positano-based Amanda bought the two bedroom Edgecliff Road property without viewing the 164 sqm home, however she had her legendary mother, Maggie inspect the house before the $405,000 purchase.
Amanda wrote My Amalfi Coast in 2010 having arrived there in the early 1980s.
She still runs a service where she assists visitors to the Amalfi Coast with villa rentals.
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Amanda Tabberer lists cute Woollahra gingerbread cottage

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Trying you luck in Los Angeles isn't just for would be stars of the screen. The longtime boss of the Business Chicks network, Emma Isaacs is selling her Sydney family home having headed across the Pacific.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/lower-north-shore/northbridge/292404" target="_blank">The home listing </a>comes after they relocated to Los Angeles late last year following the launch of Business Chicks America.
The local Business Chicks network is now a decade on 35,000 members strong across Australia.
Emma has opened an office in LA after moving there with husband Rowan and their three daughters.
She has recently taken the global CEO role on her move to the US and appointed Olivia Ruello the Australian CEO.
The move is set to benefit their Australian members as expansion brings growth opportunities and access to top international market.
They paid $2.265 million in 2014 for the architecturally designed Northbridge home.  
The privately positioned 903 sqm elevated block comes with two level family home in Peter Fudge designed gardens.
The four bedroom home is built out of rammed earth, a natural and sustainable material with supposed health benefits, which assisted when her eldest daughter was diagnosed with Hodgkin's Lymphoma.
McGrath Chatswood agents Olivia Chung and David Howe have hopes of $2.95 million to $3.15 million at its March 12 auction.
It is currently being rented out at $2,600 a week.
Emma started her life in the business world establishing a recruitment company called Staff It after two attempts at university.
At 25 years old she sold the business and bought Business Chicks in 2006 after attending one of their events whilst working at Staff It.
Their stylish events have continued to be popular, hosting the likes of Sir Bob Geldof and Sir Richard Branson, the latter's biography being an inspiration in Emma's success.
Emma's most inspirational entrepreneur is Bill Gates and she told of an evening she spent in front of a fire talking about how he started Microsoft when he was a guest speaker in Sydney a few years ago.
Isaacs believes an increase in the visibility of female entrepreneurship is setting a precedent, showing what's possible and encouraging more women to go out on their own and give it a go, something she has said she took from Sir Richard Branson.
As a woman in the business world, Isaacs has said it is easy to lose femininity and stressed the importance of not conforming and dressing too masculine.
This article was first published in the Saturday Daily Telegraph.
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Business Chicks boss lists in Northbridge as she heads to the United States

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Composer Guntis Sics and his journalist partner Lucy Clark are selling their hinterland Coopers Shoot retreat.
Guntis, who was nominated for an Academy Award for his sound engineering on Moulin Rouge!, has more recently worked on the upcoming Martin Scorsese directed, Silence.
Located between Byron Bay and Bangalow, the solid four bedroom home sits on a one hectare estate with entertaining decks looking over the rolling hills. There is also a self contained studio.
The pair bought the property in 2003 for $891,000. 
<a href="https://www.realestate.com.au/property-house-nsw-coopers+shoot-120568333" target="_blank">Michael Gudgeon of Ray White Byron Bay</a> has the Great Granny Waterhouse Drive property with a $1.95 million price guide.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Composer Guntis Sics looking to sell Coopers Shoot retreat

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The multi-award winning Balmain House has been listed.
Balmain House was designed by the current owner, architect Conrad Johnston, from his multi-award winning practice Fox Johnston.
Conrad's practice was named one of Wallpaper magazines' top 20 young architecture practices in the world in 2013.
Bought in 2006, the owners redesigned and rebuilt the property on the 241 sqm site and completed renovations in 2013.
The private family home went on to win multiple awards and featured in Domain's Collectors Edition.
The home has a north-facing garden with views over the harbour and Anzac bridge.
The four bedroom home wraps around the original workers' cottage has a sculpted timber form hovering above the ground which contains the main bedroom, ensuite, library and study.
Low maintenance materials were used by Conrad who also installed a natural ventilation system and hydronic heating which heats and cools at low costs.
The owners described the house as like living in the country, as you see no houses from the ground floor, just trees and skies.
Conrad lives in the house with his wife Katrina and their three small children but has decided to sell as he wants another project.
Peter Gordon of Cobden &amp; Hayson has the listing of <a href="https://www.realestate.com.au/property/2-stewart-pl-balmain-nsw-2041" target="_blank">2 Stewart Place</a> with $2.4 million plus hopes.
The property will go to auction February 20. 
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Balmain architectural stunner listed

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Jockey Nash Rawiller and his wife Sarah, who are now Hong Kong based, have their empty Maroubra home listed for December 1 auction through Ray White Double Bay agent James Keenan.
There are <a href="https://www.raywhite.com/nsw/maroubra/1386948/" target="_blank">$4 million </a>expectations.
Rawiller, who won three Sydney riding premierships after he made the move from Melbourne in 2007, bought on Marine Parade for $3.07 million in late 2012 from media scion Bryant Stokes who had paid $4 million in 2006.
The racing couple had sold in Kensington for $1.96 million.
The four bedroom, three bathroom, three level north-facing house opposite the coastal walk had been recently available for rent at $1900 a week. 
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Hong Kong jockey Nash Rawiller lists redundant Maboubra home

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The Block contestants Suzi and Vonni's South Yarra apartment - which compromises three bedrooms and three bathrooms - received a perfect score for its master bedroom with dressing room and ensuite open plan bathroom.
With views across Melbourne, the complex includes lift access, a communal roof top terrace with gym, nutrition station and a cafe downstairs.
The apartment has been designed for entertainers featuring a centrally positioned bar and dining area which leads to an outdoor terrace with a custom designed barbecue kitchen and extended bar seating.
Like contestants Kingi and Caro who advertised their apartment as <a href="https://www.realestateview.com.au/Real-Estate/2-1a-affleck-street-south-yarra/Property-Details-buy-residential-9718540" target="_blank">2/1A Affleck Street</a>, Suzi and Vonni's agents Nikki McCarthy and Glen Countinho of R T Edgar have also advertised their listing as <a href="https://www.realestateview.com.au/Real-Estate/4-1a-affleck-street-south-yarra/Property-Details-buy-residential-9729239" target="_blank">4/1A Affleck Street</a>, suggesting it is 'formally known as 4/1-5 Commercial Road.'
The property is up for auction Saturday November 21.
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Inside Suzi and Vonni's The Block apartment

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A contemporary resort-style Perth home has been listed at City Beach with $8 million plus hopes.
The six bedroom, five bedroom property borders the coastal reserve.
The 644 sqm property spans four levels and features an elevator from its eight car garaging.
There is a 22 metre lap pool.
The property traded in May 2012 for $7.2 million. 
Scott Swingler from Space Real Estate is the listing agent of 45 Boscombe Avenue.
He has <a href="https://www.domain.com.au/city-beach-wa-6015-2012372193" target="_blank">uploaded 122 photos</a> to help sell the property.
 
 
 
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122 photos to help sell Perth trophy home

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Swimming champion James Magnussen couldn't sell his speculative Ryde investment apartment at its onsite weekend auction.
The auction started and ended on a $740,000 bid when offered by its LJ Hooker Ryde City listing agent Neil Moorjani.
The swimmer had foreseen his real estate investment hobby might become more serious at the end of his time in the pool.
Magnussen Enterprises Pty Ltd paid $623,000 earlier this year for the Gladstone Ave unit.
Set in a <a href="/expert-insights/buying/james-magnussens-ryde-property-flip-auction-test">1960s red-brick walk up block</a>, the three-bedder had been listed with $750,000 hopes.
Auctioneer Greg Smith sought an $800,000 opening bid from the small crowd. It now has an $805,000 asking price.
He suggested that $740,000 would be "cheap buying." Negotiations took the highest post-auction offer to $762,000.
Bought in original condition in the block of six, the Drummoyne based Magnussen, along with a builder mate, renovated the 88 sqm apartment over the past few months while he was in recovery from major surgery on his shoulder.
The ­total refurbishment, including new open kitchen and bathroom, cost about $50,000. 
The property, with district views, could yield a $680 weekly rental tenants, auction investor attendees were advised.
Magnussen spent $935,000 in 2012 on his own Drummoyne flat which was seemingly well bought as it had traded at $910,000 in 2007.
 
This article was first published in the Sunday Telegraph.
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Swimming champion James Magnussen flip yet to succeed at Ryde property 

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<div>Business entrepreneur Louis Carroll has listed his spectacular estate on the escarpment in Bayview for $8.5 million.</div>
<div> </div>
<div>Carroll has been quiet on the property front in recent years since his record breaking $14.6 million waterfront sale at Newport in 2008.</div>
<div> </div>
<div>Before that was a pricey Killara property play.</div>
<div> </div>
<div>He has spent millions refurbishing and improving his latest ultra private property offering which comes with <a href="https://www.realestate.com.au/property-house-nsw-bayview-121084002" target="_blank">views over Pittwater</a>.</div>
<div> </div>
<div>LJ Hooker Mona Vale agent Ryan Petrie has the 4600 sqm estate listing.</div>
<div> </div>
<div>"The view is arguably the best on the beaches, coupled with complete privacy and the highest quality accomodation," he said.</div>
<div>"It is in a league of its own."</div>
<div> </div>
<div> </div>
<div>This article was first published in the Sunday Telegraph</div>
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