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

Joel Robinson

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

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

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

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Residential Market

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The real estate market in NSW's Mid North Coast is approaching its peak, both for houses and units, according to valuation firm Herron Todd White's April 2016 property clock, a simple broad brush means of indicating where property prices are and where they are headed to.
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In its analysis of affordable living in the outer suburbs, HTW talks about the largest regional town on the Mid North Coast, Port Macquarie, as well as some of the surrounding smaller towns. 
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Port Macquarie’s growth over the past 12 months has been the strongest on the Mid North Coast during the past five years and while the fringe suburbs have shown increases in value over that time, their rate of increase has been behind that of established residential areas within the township. This has created greater choice for buyers. For similar value, buyers can purchase an older dated dwelling close to town or they can move to the outer suburbs and purchase or build a new dwelling.
The town continues to grow and we are seeing rapid growth in these fringe areas as new services are being provided, including a private school, a new university and shopping centres.
At present the outer or western fringes of Port Macquarie comprise the expanding suburbs of Sovereign Hills, Brierley Hill and Ascott Park. These have all seen major growth over the past 12 months in new lot registration and in the approval and construction of new dwellings. Median land prices in these estates are around $195,000 (Sovereign Hills) to $240,000 (Brierley Hill and Ascott Park). 
With the increase in services and popularity of these western localities, we have also noticed an increase in rental returns. Brierley Hill has seen good rental returns due to its local shopping facilities, private school, hospital and current and future student influx for the new Charles Sturt University still partly under construction.
Subdivision growth in the smaller towns includes Wauchope’s Glenview Park and Timbertown Estates, which have also seen good sales over the past 12 months with land prices ranging from $155,000 to $200,000 for larger lots. Located only 20 minutes west of Port Macquarie, the town has seen interest from families looking for a modern estate with moderate pricing yet close to facilities.
To the south, Caterina Estate at Lake Cathie is now under construction. This beachside estate will include a village centre as well as residential lots. Vacant land prices range from $300,000 to $400,000 with over 1,200 lots to be released over three stages. This estate will appeal to the prosperous buyer or retiree who just loves the location.
Sales of new dwellings are higher than previous years, with land values increasing in each new stage. Hasting Port Macquarie Council figures show the last financial year had a 40% increase in residential building approvals from the previous year. This financial year is on track to achieve a similar number of approvals as last year.
Generally, the present outer suburbs are developing rapidly and the increased building activity has helped fuel the local building industry and the area’s economy as a whole. We also note that the slowing of the Sydney market has not affected property prices or sale rates within Port Macquarie and agents are continuing to report a lack of stock and short selling periods. 
As an illustration, Property Observer found this sold property in Brierley Hill on www.realestate.com.au.
A three-bedroom coastal house under construction at <a href="https://www.realestate.com.au/property-house-nsw-port+macquarie-119338051" target="_blank" style="line-height: 1.3em;">Lot 170 Brierley Avenue Brierley Hill Port Macquarie NSW 2444</a> (above) fetched $470,000.
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prateek24-ezbwHMbNAk

Fringe suburbs of NSW's Port Macquarie showing steady growth in home values: HTW

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Despite the region having passed the peak of the market, Toowoomba’s fringe suburbs gained momentum throughout 2015.
These fringe suburbs are dominated by the owner-occupier sector with less investor activity than in Toowoomba, according to valuation firm Herron Todd White’s analysis of fringe suburbs in their April 2016 property clock.
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<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%201.34.54%20PM.png" alt="" width="1135" height="863">
For instance, localities such as Highfields and Kleinton to the north and Westbrook, Wyreema and Cambooya to the south-west have all shown considerable capital growth over the past decade, with all areas recording a steady increase in median house price. 
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<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" alt="">
The median house price for Highfields and Kleinton is $520,000 and $541,000 respectively, which sits considerably above Toowoomba’s affordable median of approximately $369,000 as at the second half of 2015. So, why are these outer suburbs proving so popular? Simply, it is because purchasers are getting more for their money. Although the median price is almost 30% above Toowoomba’s more central suburbs, Highfields and Kleinton provide a high quality, modern or large home option within a mere 14 to 20 kilometre commute to the Toowoomba CBD. 
To the south of the CBD, from 12 to 22 kilometres, Westbrook, Wyreema and Cambooya offer a slightly more affordable fringe dwelling option. The median price in Westbrook is still above Toowoomba’s at $460,000, however Wyreema and Cambooya are below at $310,000 and $320,000. Similar to the northern satellite suburbs, these localities provide predominantly modern dwellings, however on a more moderate scale and with a more basic fit out. 
Overall, Toowoomba’s fringe suburbs have shown that they typically trade off a central location for a superior quality and size dwelling. In terms of investment, all satellite localities have mirrored Toowoomba’s in that median values and volumes peaked in the second half of 2014 to the second half of 2015 and have begun to show signs of flattening. There are large land development projects to come on line in areas such as Highfields and Cotswold Hills, which may stymie some of the recent growth rates as supply increases. 
Property Observer found a few recently sold homes in the fringe suburbs of Highfields and Westbrook around their median prices of houses.
A five-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-highfields-121581118" target="_blank">23 Flamingo Road Highfields Qld</a> (below) 4352 recently sold for $515,000, according to <a href="https://www.realestate.com.au">www.realestate.com.au</a>.
<img src="/images/2016/05/06/image2-1.jpg" alt="" width="641" height="481">
A four-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-westbrook-121270970" target="_blank">133 Main Street Westbrook Qld</a> (below) 4350 was snapped up for $472,500 earlier this year.
<img src="/images/2016/05/06/main-3.jpg" alt="" width="501" height="376">
 
 
 
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Owner occupiers dominate the robust fringe market of Queensland’s Toowoomba: HTW

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Melbourne was approaching the peak of market for houses while being at the top for units in valuation firm Herron Todd White's April 2016 property clock, a simple broad brush means of indicating where property prices are and where they are headed to.
<a href="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" alt="">
 
The report also talks about Melbourne's fringes and their affordability compared with the inner city.
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Outer East 
Within the outer-east, fringe suburbs can be considered to be Kilsyth, Boronia, Mooroolbark and Bayswater North. Affordability is certainly one of the main factors driving a movement of purchasers from the inner-eastern suburbs to those on the fringes. 
The average price for property aggregated through Ringwood, Ringwood East, Mitcham and Wantirna for the December 2015 quarter was $858,250.
By comparison, the neighbouring fringe suburbs averaged 43.8% lower at $596,750 (source: REIV). The difference can partially be explained by the availability of good quality schools within the inner- eastern suburbs which has traditionally attracted more families and increased competition, thereby increasing average prices. While the middle eastern suburbs provide convenience in terms of access to the city and amenities, the resulting properties tend to be smaller. On the other hand, properties in the fringe suburbs tend to be on larger lots of land and offer purchasers further opportunities and scope for future development. 
Although the fringe suburbs may appear to offer good value for money, capital growth rates show that these suburbs may not represent a good short term investment. Bayswater and Boronia for example recorded capital growth of only 1.6% and 2.3% respectively in the 12 months to March 2016. By comparison, in the same period, Ringwood grew by 7.6%, while Wantirna South grew by 9.8%. However, from an investment point of view, rental demand for properties in the fringe suburbs has been high which has resulted in respectable yields of over 4%. 
In the long term, it would seem reasonable to expect the price gap between the middle eastern suburbs and the fringe suburbs to narrow as developers consider the abundance of large lots available in the fringe suburbs and therefore attract more potential purchasers who may have previously excluded such suburbs from their search criteria.
Examples of sales in fringe suburbs
<img src="/images/2016/04/29/Screen%20Shot%202016-04-29%20at%205.34.40%20PM.png" alt="">
138 Liverpool Road, Kilsyth – sold for $515,200 on 10 March 2016 (land area 432 square metres, 4-bedrooms, 1-bathroom, 1-carport) 
<img src="/images/2016/04/29/Screen%20Shot%202016-04-29%20at%205.36.50%20PM.png" alt="">
6 Freedman Avenue, Boronia – sold for $570,000 on 3 March 2016 (land area 930 square metres, 3-bedrooms, 1-bathroom, 1-car garage) 
Outer North 
The fringe dwellers of Melbourne’s north are in suburbs such as Greenvale, Craigieburn, Mernda and Doreen. These suburbs are situated within Melbourne’s outer ring. When looking at affordability in the north of Melbourne, middle suburbs such as Northcote, Brunswick, Thornbury and Preston are all having an impact. 
Quarterly median house prices in the inner north: 
<ul>
<li>
Northcote-$1,106,250 • Brunswick-$925,000 • Thornbury-$1,017,000 • Preston-$812,000 
</li>
</ul>
An increasing amount of home buyers are looking for more affordable properties in the north. Compare these median prices in the inner north to that in the outer ring of Melbourne. 
Quarterly median house prices in the outer north: 
• Greenvale:$655,000 • Craigieburn:$420,000 • Mernda:$455,000 • Doreen:$480,000 
Some of these outer north suburbs have experienced good growth in median prices in recent times. Greenvale had a quarterly change of 17.8%, and Mernda showed a change of 9.7%. Home buyers or investors need to be aware however that median prices are not always a true re ection of the growth of a suburb. Greenvale for example has recorded some high priced sales in recent times, which affects the median price. 
<img src="/images/2016/04/29/Screen%20Shot%202016-04-29%20at%205.39.06%20PM.png" alt="">
1 Lamark Court, Greenvale – sold for $1.285 million on 23 October 2015 (land area 4,094 square metres, 4-bedrooms, 3-bathrooms, 4-car garage) 
Weekly rent for three-bedroom houses in Craigieburn is $330, with a yield of 4.8%. Mernda is $333, with a yield of 4.6% and Doreen is $350, with a yield of 4.4%.
With a great amount of new housing development occurring in the outer north of Melbourne, it can be said that the oversupply will keep prices stable or even see them decrease in the short term. 
The outer north is more a long term proposition. The area will become more favourable with an increase in infrastructure such as public transport, schools and town centres. 
Outer West 
The western fringe suburbs of Melbourne have been increasing in popularity as more buyers make the decision to live or invest outside of the inner and middle metropolitan areas. There is an appeal for home owners buying bigger lots and building larger homes for their money. It isn’t just those getting in at the low end but buyers who take the opportunity to have a bigger home often with higher-end finishes and fittings in comparison to what they could buy with the same amount of money in the inner and middle metro suburbs. We are seeing steady and in some cases increasing demand for suburbs such as Tarneit and Wyndham Vale in the outer south-west along with Plumpton, Rockbank and Melton in the outer north-west. 
With the Melbourne population projected to almost double from its current 4.4 million to eight million by 2051, the development of fringe suburbs will need to continue in order to provide sufficient housing for Melbourne residents. 
A number of factors are at play for buyers choosing to enter the market in fringe suburbs, the biggest being affordability. Based on Real Estate Institute of Victoria (REIV) statistics, the metro Melbourne December 2015 quarter median house price was $718,000 and the median unit price was $537,500. In comparison, for the same period Tarneit median house price was $415,000, Wyndham Vale was $365,000 and Melton was $257,000. With median house prices in the outer suburbs being less than the median unit price in metro Melbourne, it is not surprising that so many are purchasing in fringe suburbs. As both owner-occupiers and investors are hunting for affordable options and better capital growth opportunities, looking further away from the city is becoming a common trend. Overall, the outer suburb median house price for the December 2015 quarter increased 2.9% to $559,000 and the median unit price rose to $425,000. 
These outer fringe suburbs are self-sufficient with amenities, schools and transport. While services and infrastructure has been lagging in outer suburbs compared to inner and middle metro areas, the Government has made this a priority due to the increased volumes of people moving to these areas and committed to updating the planning blueprint and allocating funds for community facilities in late 2015 with a focus on co-ordinating the economic and social infrastructure required. 
Those looking to invest are looking to the fringe suburbs in the hopes of finding a bargain that can return strong rental yields. Realestate.com.au advises the median rental return for Melton is $270 a week which equates to a 5.5% yield. Plumpton has a median rental yield of 6.7% and a median weekly rent of $385. Tarneit provides a lower rental yield with a median of $340 per week and 4.4%. 
Although there is demand for existing dwellings in some of the more established suburbs such as Wyndham Vale, Tarneit and Melton there is also strong demand for the new estates throughout the western fringe. With the large volume of englobo land in the west, it is a trend that can continue as long as there is demand. A large majority of these new estates is being planned and developed with various facilities or conveniences to enhance the lifestyle of residents including shops, cafes, schools, day care and sports and recreation amenities. The appeal of the strict design guidelines and presentation of the estates is considered attractive as it helps to create a pleasing and cohesive aesthetic. While some buyers may see it as a detraction to live in a uniform estate, others see it as a positive and prefer the consistency. The appeal of building a new home is continuing to be popular and in part driven by the restrictions on overseas buyers to invest in new dwellings. 
<img src="/images/2016/04/29/Screen%20Shot%202016-04-29%20at%205.40.40%20PM.png" alt="">
Source: rpdata.com 
14 Arawata Parade Melton – sold $221,000 on 8 November 2015 (land area 603 square metres, 3-bedrooms, 2-bathrooms, 1-carport) 
<img src="/images/2016/04/29/Screen%20Shot%202016-04-29%20at%205.41.55%20PM.png" alt="">
Source: rpdata.com 
42 Moorookyle Avenue, Tarneit – sold on 4 December 2015 for $310,000 (land area 365 square metres, 3-bedrooms, 2-bathrooms, 1-car garage)
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Affordability driving buyers to Melbourne fringes: HTW

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The Lord Mayor of Parramatta Paul Garrard together with Crown Group CEO Iwan Sunito have marked the ‘topping out’ of Parramatta’s highly-anticipated development V by Crown Group. 
Positioned in the heart of Sydney’s second CBD, the landmark 29-storey tower reached its highest level of construction this week.
<img src="/images/2016/05/06/07v.jpg" alt="">
V by Crown will feature Parramatta’s highest bar with sweeping 270 degree views of Sydney.
“We have long believed in the strength and potential of Parramatta,” Crown Group CEO Iwan Sunito said.
“This is one of the fastest growing areas of Australia and key infrastructure and construction projects here will shape the future of the entire of Greater Sydney.
“Parramatta has seen dramatic change since we began construction of V by CrownGroup four years ago, and this project addresses the growing demand for high-quality apartments with resort-style facilities in Sydney’s second CBD,” Mr Sunito added.
Designed by Sydney-based Allen Jack + Cottier and Koichi Takada Architects, this 590-apartment development includes a private pool, gym, sauna, conference facilities, music room, theatrette, library, state-of-the-art archaeological showcase and rooftop sky bar; plus a boutique hotel and ground level retail-and-dining plaza. 
A plaque acknowledging the time capsule will be placed on the ground floor of the 29-storey building.
It is located less than 300m from Parramatta Square; Parramatta City Council’s $2-billion redevelopment precinct; and a short walk from Parramatta train station, Parramatta Heritage Parklands and Westfield Parramatta.
Lord Mayor of Parramatta Cr Paul Garrard said there was a significant amount of development taking place in Parramatta with $12 billion worth of projects in the pipeline. 
Parramatta’s population is forecast to grow 24 per cent by 2036, from a total of 190,495 to 236,864. 
Three expansive luxury penthouses occupy the two highest levels of V by CrownGroup, some of the most exclusive positions in Western Sydney.
Each penthouse is set over two floors and includes three bedrooms, a study, two bathrooms, a guest powder room, open-plan kitchen, indoor-outdoor living area, two car spaces and a large balcony. 
Set to open in summer 2016/17, the level-26 Sky Bar features an expansive 275sqm internal bar area, direct lift access, double height ceilings and a 90 sqm outdoor terrace with sweeping views of Parramatta’s Heritage parklands, Sydney’s CBD and Sydney Harbour Bridge. 
A stunning glass wall forming a unique backdrop behind the bar service area will take advantage of the bar’s sky high position.
Crown Group Director of Sales and Marketing Roy Marcellus said Parramatta had been missing the more glamorous high-end level of apartments available at V by Crown Group.
Two large V-shaped columns, each standing a striking three storeys tall; highlight the entrance to the development located at 45 Macquarie Street, corner of Macquarie and Marsden streets.
V by Crown Group is scheduled for completion in 2017.
Apartments are priced as follows:
<ul>
<li>Studios – from $556,000 – 565,000</li>
<li>1-bedroom – from $722,000 – 902,000</li>
<li>2-bedroom - from $930,000 – 1,208,000</li>
<li>3-bedroom penthouse – from $2,420,000</li>
</ul>
For more information call 1300 302 186 or visit <a href="https://www.crowngroup.com.au/" target="_blank">www.crowngroup.com.au</a>
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jonathanchancellor-7SQnKwU6yx

V by Crown reaches the peak at Parramatta

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Gold Coast is approaching the peak of market for both houses and units in valuation firm Herron Todd White's April 2016 property clock, a simple broad brush means to indicate where property markets are and the direction they're headed in.
<a href="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%201.34.54%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%201.34.54%20PM.png" alt="">
Fringe areas on the Gold Coast can generally describe localities west of the M1 Pacific Motorway, north of the Coomera River and south of the Tweed River. This encompasses small lot residential and master planned housing communities, acreage, rural lifestyle and farming areas. On the Gold Coast the diversity of property can be quite extreme within a relatively short distance. 
West of the M1 Pacific Motorway are the areas such as Mudgeeraba, Worongary, Highland Park, Gilston, Nerang and Gaven. All these localities have experienced a varying degree of price growth over the past 18 months with detached dwellings being the predominant type of housing in this area. 
<a href="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" alt="">
At present there are vast opportunities to purchase a detached house within a reasonably affordable price range ($350,000 to $550,000) and which could potentially offer a solid rental return. 
Some examples of properties which have recently sold in the more established fringe areas are as follows: 
18 Equinox Court, Mudgeeraba sold in January 2016 for $445,000.
This property comprises a circa 1980, partly refurbished, semi-modern style, single storey, rendered brick, three-bedroom, two-bathroom, dwelling, with concrete tiled roof and one uncovered car space. The living areas are approximately 129 square metres and has an outdoor area of approximately 38 square metres. 
The dwelling is located on an easy sloping, regular shaped, inside block situated above road level with some local and mountain views. Outdoor improvements are of an average standard and include established landscaping; garden shed, and retaining walls. The property has a good presentation with a land area of 880 square metres. Sale price apportioned as follows: Land – $275,000; Improvements – $170,000. It is located within a quiet residential street and is also within close proximity to Mudgeeraba township. This property was sold by PRD Nationwide in the first week that it was listed on the market and sold prior to the commencement of internet advertising. 
The current asking rental prices within Mudgeeraba typically range between $450 and $500 per week for a residence similar to the above mentioned property. 
7 Sue Ct, Highland Park sold in January 2016 for $410,000.
This residential property comprises a circa 1987, semi-modern style, single storey, three-bedroom, one-bathroom, brick dwelling with concrete tiled roof and one car garage. The living areas are approximately 106 square metres. The dwelling has been fully renovated internally and is located on an easy sloping, slightly irregular shaped, inside lot situated above road level. The outdoor improvements include shade sail, moderate landscaping and garden shed. The dwelling presents in a fair condition, with modern PC items of average quality. The property has good access to the M1 Pacific Motorway. The land area is 697 square metres and the sale price has been apportioned as; land value – $250,000; improvements value – $160,000. 
The current asking rental prices within Highland Park typically range between $400 and $450 per week for a residence similar to the above mentioned property. 
3 Mango Ct, Nerang sold in January 2016 for $418,756.
The property comprises a circa 1980, semi-modern style, single storey, three-bedroom, one-bathroom, brick dwelling with concrete tiled roof and 1-car attached carport. The living areas are approximately 125 square with the outdoor area 33 square metres approximately. The dwelling is located on a 
moderately sloping, irregular shaped, inside lot situated at road level. The property has no signi cant views with outdoor improvements including moderate landscaping, lawn locker of 6 square metres and solar panels. The property has a fair presentation with a land area of 712 square metres. 
The current asking rental prices within Nerang typically range between $390 and $440 per week for a residence similar to the above mentioned property. 
If you are seeking a relatively cheap property investment in the fringe ‘central’ areas like Mudgeeraba, Nerang and Highland Park and are looking for rapid short term capital growth you’ve probably missed the boat! With the market now starting to stabilise, investors are better off taking a long-term perspective. 
Traditionally, rental demand for houses in these areas has rarely been volatile. We suggest that if you are looking to buy here and looking to rent the property for ten plus years then these suburbs are a safe bet. 
Mudgeeraba is our pick if you are an owner-occupier or investor looking for a detached house under $500,000 west of the M1 Pacific Highway. This suburb offers a good array of schools and shops and Robina Town Centre is a short five to 10 minute drive from the township. 
While price levels appeared to have already strengthened in this suburb over the past 12 months, there are still opportunities in this price bracket which would also make good long term investment. You will have to keep a close eye out though if you want grab a bargain buy as agents have reported a shortage in stock levels over the past six months. 
To the north-west, two affordable residential fringe suburbs are considered to be Maudsland and Tamborine Mountain. Both suburbs are popular with owner-occupiers and investors and have differing demographics. Prices have strengthened post GFC and are presently stable in the $300,000 to $550,000 price point with a good range of predominantly modern (post 2000 built) duplexes and houses available. 
There is a limited supply of duplexes in Maudsland with price points being around $330,000 to 375,000 with rental returns being ($340 to $375 per week) depending on size and condition. 
Dwellings in Maudsland are selling in the $400,000 to $550,000 price points with those at the higher end generally being updated and comprising 4- or 5-bedrooms, 2-bathrooms, double garages and swimming pools. Rentals in for these properties generally range between $410 and $600 per week. Local agents report strong demand for sale and rental properties. This area is underpinned by increasing amenity, proximity to transport and the M1 Paci c Highway. 
Dwellings in Tamborine Mountain are selling in the $320,000 to $550,000 price range. Properties in the lower price points tend be located toward the northern side (off the mountain), generally comprising 2- to 3-bedrooms, one bathroom and off street car parking. Site contours can vary greatly. Rentals for these (lower price point) properties generally range between $350 and $420 per week. 
Properties between $425,000 and $550,000 are generally more centrally positioned on Tamborine Mountain enjoying 3- to 5-bedrooms, 2-bathrooms, double garage and more favourable topography or views. Higher price point properties tend to rent between $450 and $650 per week. 
Maudsland would have to be the pick to be the better performer over the long term. Local agents report a lack of listings in the competitive sub-$600,000 market segments and a large number of potential purchasers. It is expected that infrastructure and amenities within this area will continue to improve hence driving demand. Tamborine Mountain will continue to be more of a lifestyle location where properties tend to be purchased for the longer term. 
Further north of the Coomera River are Pimpama and Ormeau. Both suburbs have experienced varying growth over the past couple of years with project-style detached dwellings and duplex units being the predominant type of housing in these areas. 
The new developing residential estates are predominantly driven by investors with majority of new properties being purchased by local, interstate and overseas buyers. The established modern (post-2000) residential estates in both suburbs are popular with owner-occupiers and investors and have different demographics. Prices have improved over the past one to two years and are stable in the $400,000 to $550,000 price range for detached dwellings and $325,000 to $400,000 for duplex units. 
Local real estate agents who actively market land and housing in both suburbs advise of generally good market conditions currently prevailing for vacant lots and housing priced below $550,000. They further report that generally the market for this type of property has improved over the past 12 months, with low stock levels currently available and sale prices showing steady growth over this period. 
Local real estate agents who actively market duplex units in both suburbs advise of generally good market conditions currently prevailing for units priced below $400,000. Importantly, the rming in the established housing market has had the effect of increasing the demand for duplex units, particularly for rst home buyers who are being increasingly priced out of the detached housing markets. There are predominantly more duplex units available in Pimpama and limited supply in Ormeau. 
Both suburbs are considered good value for money and have been steady over the past few years. 
Rentals for detached housing in both suburbs generally range between $410 to $550 per week depending on size and condition. Local agents report strong demand for rental properties in both areas. Properties that have been recently completed, refurbished or have swimming pools generally achieve the upper end of market rent. Accommodation is typically 3- or 4-bedrooms, 2-bathrooms and double garages. In these areas duplex units weekly rent generally range between $320 to $400 and accommodation typically comprises 3-bedrooms, 2-bathrooms and a single or double garage. 
Our pick is both Ormeau and Pimpama to be sustained performers in the northern growth corridor, supported by surrounding developments and infrastructure increasing amenities, proximity to transport, shopping centres and the M1 Pacific Highway. Furthermore, investors still view these areas as good value for money compared to the Sydney and Melbourne fringe development areas. 
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Gold Coast fringe suburbs are value for money: HTW

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The Hermitage in south-west Sydney’s Gledswood Hills suburb is a masterplanned community by Japanese developer Sekisui House whose vision is to “create homes and communities that improve with time and last for generations”.
The $750 million Hermitage, when complete in 2022, will offer up to 2,000 premium home sites across a number of precincts.
Gledswood Village spans more than seven hectares and is a mixed-use precinct. The proposed mix of Gledswood Village will include a combination of convenience and boutique operators, public spaces and community facilities. 
The $300 million Gledswood Village will have retail, cinema and entertainment, food, a public school for 600 pupils, child care, a swimming centre and a medical centre.
Project Director Craig D’Costa said as a responsible developer with a focus on creating sustainable communities, we place people at the heart of every project we undertake.
"The appointment of a community engagement specialist is consistent with our commitment to the residents of The Hermitage, as we believe in the importance of the community in helping to create and shape the foundations of our developments," he said.
The development will complement the Hermitage, which features 35 hectares of parklands and green spaces, with its crown jewel being a nine-hole Par 3 golf course and driving range designed by golf legend Greg Norman.
It will comprise apartments, terraces and villas and is expected to house more than 6,000 residents.
Sekisui House recently announced that it had received development approval for the golf course.
In addition, there are 10 park locations dispersed throughout the masterplan with 50 kilometres of cycle and pedestrian pathways.
The Hermitage attracted considerable buyer interest, with 28 of the first 59 lots in the first release sold within days of its launch in early 2012.
The Camden LGA, in which Gledswood Village falls within, is amongst the fastest growing in Sydney with a forecast 204% growth in population, representing an increase of over 119,000 people by 2031.
Sekisui House has 11 major developments underway across Australia, with Central Park in Sydney in conjunction with Frasers Property Australia one of its top projects.
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Sekisui's $300 million Gledswood Village in south-west Sydney aims to be a community magnet

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On the eve of the Federal Budget, Four Corners reported on the white-hot issues of housing affordability and negative gearing.
It spoke of a generation left wondering if they will ever own their own home.
<a href="https://www.abc.net.au/4corners/stories/2016/05/02/4451883.htm">Reporter Ben Knight</a> explored the housing crisis locking younger people out of home ownership and the negatively geared world of investors building their nest eggs.
He then reported on what he called agents spruiking the investor-led property gold rush and worrying evidence of fraudulent loan applications which could leave banks and consumers dangerously exposed.
It aired on Monday 2nd May at 8.30pm EDT. It is replayed on Tuesday 3rd May at 10.00am and Wednesday 4th May at 11pm.
It can also be seen on ABC News 24 on Saturday at 8.00pm AEST, <a href="https://iview.abc.net.au/" target="_blank">ABC iview</a> and at <a href="https://www.abc.net.au/4corners/" target="_blank">abc.net.au/4corners</a>.
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jchancellor-FAypfDUnLy

Worrying investor-led property gold rush: 4 Corners

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Sunnybrae, one of the cottages from The Block All Stars television series, is back up for sale in Bondi with $2.2 million expectations.
It was the 2013 reno undertaken by "the two fat tradies," Mark Bowyer and Duncan Miller.
Listed through Alexander Phillips of Phillips Pantzer Donnelley,<a href="https://www.ppdre.com.au/1P1812" target="_blank"> the 10 Tasman Street semi</a> fetched $1.375 million in the show's auction finale when sold to the Hatton family.
It was the cheapest of the four 275 sqm semi's as the home sale bagged the contestant duo just $25,000 profit, nearly $200,000 behind third placed contestants, Dan Reilly and Dani Wales.
The Adelaide couple Phil Rankine and Amity Dry won the series with their semi, Kildrummie selling through 1st City Real Estate with auctioneer Damien Cooley securing $1.67 million, some $295,000 over reserve. 
Some things have changed at Sunnybrae since then as a garden pool has been added off its open plan kitchen and vergola shaded entertaining terrace.
Set on 275 sqm, the circa 1910 family home has three bedrooms, but just the one bathroom.
After the producers spent around $5.2 million on the initial four side by side acquistions there was the costly rebuild renovation which came with a Waverley Council approved $800,000 development application, and then the contestant couples expenditure on their renovations and styling.
Mark and Duncan's was the most eclectic house. Remember the rhino heads in the bathroom? They are still there as wall features.
Even the cowprint splashback in the kitchen is still insitu.
"The custom-appointed home's alluring interiors and eco-friendly design combine to deliver a wonderful environment for family living and entertaining," listing agent Alexander Phillips said.
"The fluid layout and landscaped garden oasis with gas-heated pool epitomises laidback beachside living 600 metres through the gully to Tamarama Beach," he added.
Sydneysiders Mark and Duncan met by chance in a timber yard more than 20 years ago and have been close friends ever since. They first appeared on the series in the 2010 Vaucluse renovation where their $47,000 winnings was the smallest of the contestant take home prizes.
Channel 9's The Block has become exclusively Melbourne based since the Bondi series because the producers complained Sydney local councils were less accommodating and prices were dearer here too.
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Mark and Duncan's The Block Bondi All Stars semi on market

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NRL player Kieran Foran's circumstance involves, in part, the stress of buying a new home.
The family have been renovating their Freshwater purchase which cost him $2.51 million in February.
Set on a large 1018 sqm block, the full brick family home has five bedrooms, a home office and swimming pool. It last traded five decades ago.
His Belrose house was bought for $1.06 million back in 2012.
Foran has recently been stood down indefinitely by the Parramatta Eels for personal issues.
Ray White Freshwater agents Graham Bennett and Bernard Hachenberg secured the sale.
It was thought Foran might have bought closer to his new club, but in fact he's moved closer to his old stomping ground.
He took ownership of the home on March 31.
This article was first published in the Saturday Daily Telegraph.
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Kieran Foran buys in Freshwater

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The pace of capital gains rebounded from the relatively flat numbers recorded in March, with dwelling values increasing by an average of 1.7 percent across the CoreLogic RP Data combined capitals’ index.
The latest figures now take the combined capital city dwelling values measure 3.3 percent higher over the first four months of 2016.
Across the country, housing market trends remain mixed, however, CoreLogic RP Data research director Tim Lawless noted that the improvement in the rate of capital gains has been ‘broad-based’ during 2016 with every capital city except Perth recording a lift in dwelling values over the calendar year to date.
<a href="/images/2016/05/02/Screen%20Shot%202016-05-02%20at%2011.18.13%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/02/Screen%20Shot%202016-05-02%20at%2011.18.13%20AM.png" alt="">
“The results show value growth moved at a faster pace compared with the final three months of 2015 when capital city dwelling values slid 1.4 per cent lower off the back of weaker market conditions in Sydney and Melbourne.
“While we’ve seen capital gains moderate substantially after peaking last year in Sydney and Melbourne, dwelling values continue to trend higher, just not as fast.
"The annual rate of growth in Sydney peaked at 18.4 percent in July last year and has since moderated back to slightly less than half the peak rate of growth, at 8.9 percent over the most recent twelve month period,” Mr Lawless said.
Melbourne’s housing market continues to show a level of resilience to a slowing trend, however the annual growth rate has fallen from a recent peak of 14.2 percent to the current annual growth rate of 10.1 percent; Melbourne was the only capital city to see double digit growth over the past twelve months.
Perth and Darwin remain as the only two capital city markets to experience a decline in home values over the past twelve months, with Perth values down 2.1 percent and Darwin values 3.7 percent lower.
“With recent month-on-month increases in home values in these two cities, the declining trend rate is now levelling.
"This may be an early sign that these markets are beginning to find their cyclical trough after more than a year of annual declines.”
<a href="/images/2016/05/02/Screen%20Shot%202016-05-02%20at%2011.20.46%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/02/Screen%20Shot%202016-05-02%20at%2011.20.46%20AM.png" alt="">
Over the current growth cycle, which commenced broadly in June 2012, capital city dwelling values have moved 34.4 percent higher, led by a 52.7 per cent rise in Sydney home values, and a 37.1 percent lift in Melbourne values.
Brisbane experienced the third highest rate of dwelling value growth over the growth cycle to date; dwelling values in the city are now up 18 percent. 
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