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."

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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.

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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.

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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.

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Joel Robinson

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 52-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.

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Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 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."

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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."

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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."

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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.

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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.

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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

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

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Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Residential Sales

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An Arncliffe development site currently home to an original semi-detached house, has sold for $1,028,500.
The property located at <a href="https://www.realestate.com.au/property/57-bonar-st-arncliffe-nsw-2205" target="_blank">57 Bonar Street</a> near public transport links sold through Michael Pyliotis and Enzo Puopolo of Raine &amp; Horne Kogarah.
An original brick semi, the home is noted in the listing as having future redevelopment potential STCA. It is zoned R4 - High Density Residential.
<img src="https://www.urban.com.au/images/2018/10/29/Kogarah.JPG" alt="">
Set on 310 sqm the two bedroom one bathroom holding is located near schools, local shops and with easy access to airport and Sydney CBD.
The home last traded for 1990 when it sold for $130,000. It still features the original kitchen and bathroom.
 
 
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j.ballantyne1990-6AQqhLzZaK

Arncliffe semi with development potential sold

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A unit by the coast in regional Queensland has been recently sold for $57,000 by Derran Corke from Ray White Gladstone. 
The two-bedder at <a href="https://www.realestate.com.au/sold/property-unit-qld-west+gladstone-127535546">1/21 Charles St</a>, West Gladstone ranked the cheapest residential sale across Queensland for the week.
Back in 1989 the same unit sold for $54,959, and in 1992 it was sold again for $50,000 according to data from CoreLogic.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/25/gladstone%202.jpg" alt="">
It comes with two bedrooms, combined lounge/living, and carport to the rear of the complex. 
The bathroom needs renovating with room to improve.
The unit block was built in the '70s, and although it is showing its age it has all the essentials, is close to KFC, Aldi and Gladstone West State School.
The real estate market has had a tough couple of years in Gladstone, with high vacancy rates (though they are <a href="https://www.gladstoneobserver.com.au/news/gladstone-rental-vacancy-rates-at-lowest-point-in-/3394084/" target="_blank">on their way down</a>) and falling prices.
In the suburb of South Gladstone median house prices have dropped by 29.7 per cent over the last three years, and in West Gladstone the drop has been even harder at 42.9 per cent.
Valuers HTW noted 2017 was the most positive seen our market perform in nearly five years.
"Most property sectors have now bottomed out and stabilised and we have even seen some evidence of an increase in values," it noted recently.
It suggested sales activity has been strong with buyers very aware of the great affordability the region represents.
"Affordability is currently the driving force for the Gladstone region market. 
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"Good quality existing stock is attracting multiple offers and significantly reduced days on the market." 
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<div class="column">
This has also led to an increase in new construction activity.
The valuers noted owners and upgraders are opting to build their forever home due to record low land values. 
Mortgagee in possession sales appear to comprise about 30% of all sales and while the number of repossessions has not declined, most stock appears to sell in a reasonable time frame providing they are priced appropriately. 
 
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$57,000 West Gladstone unit sale shows little price growth

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In Richmond 10 auctions took place this Saturday and eight resulted in a sale.
A house at 10 Vesper Street sold through Biggin &amp; Scott after offers from three bidders.
Auctioneer Russell Cambridge sold the home for $1.348 million having declaring it on the market at $1.3 million.
It last changed hands for $39,000 in 1980.
Another Richmond house at 247 Coppin Street fetched $220,000 higher than its reserve on Saturday. It was the suburb's highest price on the weekend.
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It fetched $2.42 million after three bidders pushed the bidding on the tired Victorian (pictured above) through Hocking Stuart Richmond.
It was set on a 405sq m site opposite Barkly Gardens.
The next priciest was passed in at $1.8 million at 20 Neptune Street.
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Richmond's 80% success rate at auction last Saturday

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One of the last significant development sites near Macquarie Centre, Macquarie University and Macquarie University Station is set to break new records as the largest collective residential sale in NSW with 100 per cent unit entitlements.
The site at<a href="https://www.commercialrealestate.com.au/property/7-11-lachlan-avenue-157-159-herring-road-macquarie-park-nsw-2113-2014277528" target="_blank"> 7-11 Lachlan Avenue and 157-159 Herring Road</a> at Macquarie Park in Sydney’s north west comprises five detached existing residential flat buildings, each on separate strata titles, accommodating 65 apartments constructed over four storeys.
They include ground floor secure garage parking on a 5,070 sqm site which was rezoned to B4 Mixed-Use in an amendment to the Ryde Local Environmental Plan 2014 which formed part of the Macquarie University Station Precinct revitalisation.
There is a 45 metre maximum height limit for the site with a Floor Space Ratio of 4:1.
The site lends itself to a premium mixed-use development capable of providing 20,288 sqm of GFA and potential for around 240 apartments.
Neil Cooke, Stuart Cox and Johnathon Broome of Savills Australia have been appointed to sell the collective site.
Cooke says the site represents a unique opportunity to acquire a well located, substantial parcel of land, with excellent development upside.
“Situated centrally within close proximity to all of the conveniences of Macquarie Park, the site provides exceptional district and city views to the east and Blue Mountains views to the western elevation and is nestled amongst one of Sydney’s fastest growing communities”, Cooke said.
“Very rarely do developers/ investors have the opportunity to acquire 100% of unit entitlements (65 of 65 existing residential units) in NSW and this site ticks every box for prospective developers and student accommodation providers, given the close proximity to one of Australia’s leading Universities and everything Macquarie Park has to offer” he continued.
The North facing site has three street frontages of near 80 metres along Herring Road, 74 metres along Windsor Drive and 58. metres along Lachlan Avenue. 
As at 2015, Macquarie University had 40,209 students made up of 31,568 domestic students and 8,641 international students.
Cooke said there is excellent demand for owner occupier residential apartments and student accommodation in this location. 
“This is supported by incessant population growth and extensive sales evidence from recent projects released to the North Shore market, predominantly within Macquarie Park and North Ryde” he said.
Last year, Savills Australia sold an amalgamated site at 12-14 Lachlan Ave and 13 Cottonwood Crescent in Macquarie Park for circa $54 million and a site at 15-21 Cottonwood Crescent in Macquarie Park which sold for in excess of $85 million.
The site will be sold by way of an international expressions of interest campaign which closes May 9.
 
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Development site to break new records in NSW

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Retired Test cricketer Brendon Julian bought into Danny Avidan’s latest development at the former Bronte RSL.
He paid $2.5 million for a two bedroom apartment in Bronte Place.
He and his wife Suzanne already have a Bronte property.
They bought a rundown 1970s home for $5.3 million in 2007 before renovating it into a contemporary home with swimming pool included.
The former fashion mogul-turned-property developer Avidan purchased the site earlier this year for $10 million.
All but six of the planned 21 apartments have already been sold.
Ben Stewart from CBRE is handling enquiries with a one bedroom with study home for $1.55 million to more than $2 million for a two bedroom home as well as a penthouse worth $4 million.
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Retired Test cricketer Brendon Julian buys former Bronte RSL site apartment

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Indicative of the magnitude of the profits realised from property over the June 2017 quarter was property resales. Combined, resales earned sellers $18.2 billion in gross profits with the median profit recorded at $195,000. On the downside, gross resale losses totalled $469.6 million with the median loss recorded at $35,000.
The latest CoreLogic Pain &amp; Gain June 2017 quarter report – www.corelogic.com.au/paingain (a national profit and loss analysis of property resales over the June 2017 quarter) showed that 89.8% of dwellings which resold over the period did so for more than their purchase price; a 0.3% increase from the March 2017 quarter result of 89.5%. Of the property types to resell over the period, houses scored top billing with profit gains of 92.1%, while unit resales achieved an 87.5% gain.
Owner occupiers were the biggest winners in the property resale stakes with overall profits estimated at 92.3%. Investors resales earned significantly less and recorded 88.1%; Sydney was the only major region of the country in where investors were more likely to resell at a profit than owner occupiers.
Across the combined capital cities, a significant gap in the proportion of profit-making resales was recorded by owner occupiers and investors in a number of cities; 93.7% of owner occupiers and 90.3% of investors resold their properties for a profit over the June 2017 quarter.
<h3>Proportion of total resales at a loss/gain, houses vs. units, Jun 2017 quarter  </h3>
<img src="https://www.corelogic.com.au/sites/default/files/styles/article_image_570w_/public/2017-10/2017-10-06-painandgain.png" alt="2017-10-06--painandgain" width="570" height="404">
  CoreLogic research analyst Cameron Kusher said, “Investors were 4.8 times as likely to resell at a loss as owner occupiers in Melbourne, in Brisbane the figure was 2.8 times and in Canberra the figure was 3.5 times.” 
Regional area resales also enjoyed a win. For the combined regional markets, 90.0% of owner occupiers and 83.7% of investors resold their properties for a profit over the June 2017 quarter.  A greater proportion of owner occupiers continued to resell at a profit over investors. However, the same extreme differences between the vendor types as seen across some of the capital cities was not seen in regional markets.    Mr Kusher said, “For owner occupiers, the results show the benefits of selling in a buoyant market.  In a falling market, owner occupiers may be more prepared to sell at a loss if they are purchasing their next home at an equivalent or greater discount.  Because of taxation rules, investors may be more prepared to incur a loss because they, unlike owner occupiers, can offset those loses against future capital gains.”   
“Should home values fall in the future, investors, which have been increasingly active in the housing market, may be more inclined to sell at a loss and offset those losses which in turn could result in much more supply becoming available for purchase at a time in which demand for housing falls because values are declining.”  
Regions showing low profit-making resales continue to be headed by those linked closest to the mining and resources sector.      Mr Kusher said “While the June 2017 quarter results show a reduction in the proportion of profit-making sales in some of these regions, home owners seem willing to sell but there remains little demand to purchase in these regions which is resulting in a high proportion of vendors materialising losses. The regions with the lowest proportion of resales at a loss makes for interesting reading.      “The Sydney and Melbourne housing markets have been powerhouses over recent years however, regions outside but adjacent to Sydney are seeing a lower proportion of resales at a loss.  Similarly in Victoria, Melbourne continues to see relatively few resales at a loss however, the proportion of loss-making resales is actually lower in both Geelong and Bendigo.”
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Property resale winners outstrip the losers

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The inner west Rozelle, Sydney weatherboard cottage - with the identifying bright yellow front door of former Wiggle Sam Moran - was sold at weekend auction.
<a href="https://www.realestate.com.au/property-house-nsw-rozelle-126290238" target="_blank">The cottage </a>secured $1,835,000 when offered by Moran and his American-born wife Lynn Stuckey who paid $955,000 in 2011.
Moran, who departed the Wiggles in 2011, now fronts the preschool show, Play it with Sam.
While three buyers had registered, there were only two active competitors.
It was declared on the market at $1,835,000.
The investor buyer told the Sunday Telegraph he hopes to get $950 to $1000 a week in rent.
The national weekend auction clearance rate sat at around 70.7 percent, according to CoreLogic, which noted it had been was the busiest since the end of May.
Auction volumes have increased to a total of 2,759 homes taken to auction.
Some 2,226 initial results reported to CoreLogic, the weekend sales returned a preliminary clearance rate of 70.7 per cent, up from last week’s final clearance rate of 66.7 per cent across 2,510 auctions.
Melbourne was host to the most auctions in a bumper pre-grand final weekend offering.
With 1,359 auctions scheduled, there was a preliminary clearance rate of 73.9 per cent from the 1,140 reported results.
Last weekend Melbourne had 1,265 auctions with a final clearance rate of 71.4 percent. 
At the same time last year, Melbourne’s clearance rate was 77.2 per cent across 1,103 auctions.
The North West region recorded the strongest clearance rate of 85.4 per cent across 101 auctions.
Melbourne's top sale was a <a href="https://www.propertyobserver.com.au/50&amp;52%20Boorool%20Rd%20KEW%20EAST" target="_blank">townhouse development site</a> at Kew that fetched $4.36 million.
Permits had been approved for the four townhouses on the 1430 sqm Boorool Road offering which sold at $16 million in 2015.
In Toorak, <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-126261594" target="_blank">$3.72 million was paid for 112 St Georges Road</a>, one of six residences built on the site of former Prime Minister Harold Holt’s home.
The Herald Sun reported auction was slow going at first, but the buyer was the fourth and final bidder.
The four-bedroom house shares a communal pool, jetty on the Yarra River and a large garden with the five neighbours.
A four bedroom penthouse St Kilda apartment that sold for $3.61 million was Melbourne’s most expensive weekend apartment residential acquisition.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-126255338" target="_blank">18/21 Marine Parade</a>, the property with bay views comes with an alfresco terrace for entertainment.
It had sold at $1.56 million in 2001.
A one bedroom Burnswick unit sold for $250,000 was Melbourne’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-unit-vic-brunswick-126134498" target="_blank">14/6 Garnet Street</a>, the property last sold in 1983 for $21,000.
Sydney’s preliminary auction clearance rate was 71.5 per cent across 1,014 auctions this week, after last week saw the final clearance rate slip below 65 per cent for the first time this year to 64.2 per cent.
"The current clearance rate across Sydney is significantly lower than this time last year when 80.4 per cent of the 946 auctions held were successful," Kevin Brogan, CoreLogic's auction analyst said.
Strong results however were recorded across the Northern Beaches (84.7 per cent), Central Coast (84.6 per cent) and Ryde (84.6 per cent).
A two bedroom Bankstown unit sold for $461,000 was Sydney’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-unit-nsw-bankstown-126280498" target="_blank">10/48 Reynolds Avenue</a>, the unrenovated property last sold in 1996 for $155,000.
Sydney's top sale was a Balgowlah Heights house that fetched $4.1 million pre-auction.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-balgowlah+heights-126266314" target="_blank">3 Tabalum Road</a>, the four bedroom house on 568 sqm came with views over Middle Harbour.
It last sold in 2008 for $2.1 million.
"Sydney’s auction market survived its September super Saturday, recording a solid clearance rate for sellers despite the usual flood of pre-holiday listings," Domain economist Dr Andrew Wilson noted. 
"The number of properties reported sold before auction continues to climb with motivated sellers keen to secure a sale from a dwindling pool of buyers," he added.
Some 168 Sydney homes were reported sold before auction at the weekend which was well ahead of the 148 reported the previous weekend and significantly higher than the 109 reported mid-August.  
Across Brisbane the preliminary clearance rate was 51.5 per cent this weekend after 99 auctions were reported to CoreLogic.
A five bedroom Ascot house sold for $2.4 million making it Brisbane’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-ascot-126284338" target="_blank">111 Alexandra Road</a>, the 1920s home last sold in 2003 for $1.9 million.
The offering with a tennis court was offered through Vanessa Harte of Ray White who told The Courier Mail five bidders registered for the auction of the 1022 sqm property.
There were 122 Adelaide auctions compared to 100 last week and 131 at the same time last year.
The cities preliminary clearance rate this week was 60.6 per cent, down from 68.2 per cent last week and lower than one year ago (78.2 per cent).
A four bedroom Bedford Park house sold for $420,000 was Adelaide’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-sa-bedford+park-126342402" target="_blank">16 Franklin Avenue</a>, the three bedroom, one bathroom home on 1000 sam was offered with the potential to create an extra one or two additional bedrooms.
In Canberra, 69.2 per cent of the 78 reported auction results for Canberra were sold this week, down from 71.9 per cent last week and higher than last year (68.4 per cent).
A two bedroom Holt house sold for $290,000 making it Canberra’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-act-holt-126317694" target="_blank">19 Goddard Crescent</a>, the property was in original condition but featured new carpet in the lounge and bedrooms.
Perth’s clearance rate of 36 per cent across 25 auction results is similar to last week, when 33 auctions were held and a clearance rate of 35.7 per cent was recorded.
Over the same week last year, the Perth clearance rate was a lower 29.5 per cent, and 50 auctions were held.
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jchancellor-FAypfDUnLy

Former Wiggle Sam Moran sells Rozelle cottage

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Of the 720 results from a recent weekend's scheduled auctions, around 220 had sold prior to auction, CoreLogic calculated. 
That was higher than the 160 passed in and not that far off the 284 houses and units sold under the hammer. There were over 50 withdrawn from auction, reasons unknown.
The number of vendors accepting pre-auction offers has risen dramatically in recent weeks.
The decision can typically be put down to one of two reasons.
The first scenario is that the sellers got an offer too good to be true, and this is still happening a bit.
But the more likely scenario in many markets across Sydney is that the anxious buyers have taken their estate agent's advice to accept the best, and possibly only offer, that had emerged during the first few weeks of the auction marketing campaign.
More often than not these offers come from frustrated, but increasingly savvy, long-standers in the market who have done their due diligence, and perhaps know the market better than any rookie, or overly optimistic, listing agent.
In a rising market, it’s often to the buyers' advantage to secure the property without the competition of others, though most often the vendor will go through to auction.
But in a softening market it is possible playing your cards right might entice the vendor to sell early to your likely advantage. 
Auction clearance rates have deteriorated in most suburbs during winter.
Those peaks of 80 percent plus this time last year are long gone, with the recent results sitting in the high 60s.
Some agents are telling their vendors to hold their nerve, to wait until after auction when hopefully more buyers have passed the tougher loan requirements that are certainly a brake on the market.
Negotiating on any property sale or purchase is about balancing the actual and perceived risks and rewards.
Agent John McGrath's says the tip for buying prior to auction starts by simply telling the agent you’re interested and ask if the vendor will sell privately.
Letting the agent know you have pre-approved finance is important. Advise also that you are happy to waive the cooling off period.
Then offer a price that is still some distance from your maxed out, walk-away figure. Vendors will assume your first offer isn’t your best so leave wiggle room. Even cheekily sign a contract and a cheque at your nominated offer as that will certainly prompt the vendors to think harder than just an oral offer.
There is always the prospect your pre-auction offer may be rejected, and then be used by the agent as a price floor on auction day. On the other hand in a flat market it may emerge there is no another buyer.
There is always the risk of paying more than you needed to whether its is buying pre-auction, under the hammer or post-auction.
But beware focusing purely on the reward of securing a lower price might raise the risk that another buyer trumps you - and you miss out on the house you love.
This article first appeared in the Daily Telegraph.
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Number of vendors accepting pre-auction offers has risen dramatically

Harbourfront McMahons Point weekend's most expensive sale

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One month after 55 homeowners in Sydney’s Macquarie Park became instant millionaires after a private developer payed in excess of $80 million for the neighbours are following suit.
Some 33 of 36 units on the one Macquarie Park block are on the market through Savills.
The unit blocks on 12-14 Lachlan Avenue and 13 Cottonwood Crescent, Macquarie Park are zoned B4 mixed use, with potential to construct 12,688sqm of GFA (STCA) with a 45 metre maximum height limit. 
The land includes two detached existing residential flat buildings with 12-14 Lachlan Avenue containing 24 apartments and 13 Cottonwood Crescent containing 12 apartments, both constructed over four levels complete with ground floor secure garage parking.
According to Neil Cooke, Director, Residential Site Sales at Savills, there is also an opportunity to obtain a delayed settlement, which may suit a number of developers and investors alike.
“Macquarie Park has become one of Sydney’s fastest growing and most desirable suburbs to live and work," he said.
"The changing face of Macquarie Park from a light industrial and commercial centre to a mixed use core, has seen the demand for residences close to employment centres and transport connections skyrocket over the past two to three years."
Stuart Cox, Director, Residential Site Sales at Savills, said rezoned opportunities like this rarely become available in growth suburbs of this scale and significant interest from local, interstate and offshore developers is expected.
“Macquarie Park has plans to grow to the fourth largest CBD in Australia by 2030, by doubling its current working population of 40,000 employees and expanding from 850,000 square metres of commercial space to potentially over 2 million square metres," he said.
"Since 2009, when the Chatswood to Epping Railway line opened, the demand for investor and owner occupier grade dwellings has soared, with the average unit growing from $416,000 to $796,000 or an average of 11.8% per annum.
“We expect this site will rival its neighbour’s record breaking sale price as we have already had a number of interested parties enquire and the expressions of interest campaign hasn’t even commenced."
12-14 Lachlan Avenue &amp; 13 Cottonwood Crescent, Macquarie Park is being offered for sale by way of expressions of interest beginning Tuesday 5 September.
Some 55 homeowners in Sydney’s Macquarie Park became instant millionaires in August when a private developer payed $80 million for the 5,130sqm site situated at <a href="https://www.savills.com.au/_news/article/109976/153819-0/6/2017/macquarie-park-home-owners-to-follow-successful-merger-trend" target="_blank">15-21 Cottonwood Crescent</a>.
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