When long-time Ivanhoe locals Graeme and Catherine, decided it was time to downsize, they weren’t necessarily in a rush.&nbsp;

Like many in their stage of life, they had started thinking about apartment living, but anticipated making the shift in two to three years.

That timeline changed when they visited <a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, a new boutique development by <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>. The project ticked all the boxes they were looking for: location, quality design, and long-term lifestyle benefits, which prompted them to bring their decision forward.

“It was the right place at the right time,” they said. “We knew immediately it ticked all the boxes, and we didn’t want to wait.”

[smartcode_project:default project_id=342 project_image_fid=358855]

Their decision to downsize was driven by a combination of practical needs and lifestyle considerations. Their existing home, while much loved, had become increasingly difficult to maintain. It spanned multiple levels, included extensive front and back gardens, and was starting to show the wear that comes with age.&nbsp;

They were looking for a more manageable lifestyle, one with less upkeep and more freedom. A brand-new apartment with no maintenance requirements and the ability to simply “lock up and leave” gave them peace of mind and a greater sense of control over their future.

Financially, the purchase made sense as well. The available stamp duty savings, strong price-to-value offering, and timing of the settlement suited their plans, making the transition smoother and more cost-effective. The apartment's design and inclusions further supported their choice.

[smartcode_project:default project_id=342 project_image_fid=357493]

The layout was both functional and flexible: three bedrooms, a butler’s pantry, a separate laundry, and a large open-plan living area. It gave them the freedom to host a family, accommodate guests, or set up a home office. The expansive balcony and elevated views added to the appeal, providing a sense of openness and connection to the outdoors.

“It just had a really good flow,” Catherine noted, something they found lacking in many other apartments they’d considered, particularly in the established market.

Candela’s boutique scale was another deciding factor. With a smaller number of residences and a top-floor penthouse position, the couple felt the development offered the privacy and space they were looking for, without feeling isolated.

“We liked that it wasn’t a huge development. It felt well-balanced, modern but still with a sense of community, not overwhelming,” they said.

[smartcode_project:default project_id=342 project_image_fid=357508]

Equally important was the ability to remain in Ivanhoe, a suburb they know well and have deep roots in. After 46 years in the area, proximity to local parks, shops, and familiar faces mattered just as much as the apartment itself.

“We didn’t want to give up the community we’ve known for decades. Candela allowed us to upgrade our lifestyle while staying in the place we call home.”

With a Walk Score of 90, the village location supports a convenient, connected lifestyle. <a href="https://www.apartments.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a> Station is just a eight-minute walk away, and the neighbourhood offers access to parks, cafes, restaurants, and schools along Upper Heidelberg Road, all within easy reach.

Beyond the apartment, the couple also saw value in the broader vision for Candela, one that integrates residential living with public spaces and local amenities.&nbsp;

The development introduces 58 new apartments as well as a mix of commercial and social spaces that integrate contemporary architecture with the suburb’s existing character.&nbsp;

At ground level, residents will find a charming café and a lifestyle wellness centre, perfect for unwinding and rejuvenating. Meanwhile, the rooftop garden offers a stunning vantage point for residents to enjoy breathtaking sunsets, host gatherings, or enjoy barbecues with family and friends. It's not just a place to live; it's a vibrant community where every moment is an opportunity to connect and create lasting memories.

[smartcode_project_cta:default project_id=342]

Staff Writer

Why Ivanhoe locals are choosing to downsize to Candela

Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

Project management and construction management firm Creative Vision filed the plans for the&nbsp;multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="34797362-f3dc-4d84-8235-2657fc5f3bde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Plan.png?VersionId=Uzckrz9tUpDQl5lX1_WMhjnv16bsr8wG" />

The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="369d7b54-1279-4cde-88ec-dcb215594414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podium_1.png?VersionId=QArL7B2kkLt63vl5xvL0FNV_ardAlez4" />

The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

First look: 900-home mixed-use precinct planned for Leppington

Leading Australian integrated property development group, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>, has released the signature penthouses crowning its landmark AURA by Aqualand precinct at 168 Walker Street in North Sydney, unveiling Il Magnate and La Divina as the largest and most luxurious penthouses in the suburb.

With prices anticipated to commence from $15 million, and each accompanied by a new Porsche Carrera 911 valued at over $500K, the residences mark the culmination of <a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>’s decade-long journey and the beginning of its final sales chapter. 
&nbsp; 
Their release follows more than $850 million in record-breaking residential sales and the building’s completion and occupation.

[smartcode_project:default project_id=30959 project_image_fid=358868]

The Richards Stanisich-designed 284 sqm Il Magnate and 224 sqm La Divina penthouses, collectively known as The Icons of AURA, are conceived as grand luxury homes rather than apartments, with expansive proportions, elevated materiality and curated identities that reflect their status as one-off residences.&nbsp;

Il Magnate features a grande master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space. &nbsp;

Meanwhile, the La Divina residence offers the same amenities, sans the powder room, on a slightly smaller alternate floor plan configuration.

[smartcode_project:default project_id=30959 project_image_fid=358863]

Each occupies half of AURA by Aqualand’s topmost 28th level, comes with four secure car spaces and pairs sweeping Sydney Harbour panoramas with large-scale living spaces, refined detailing and a level of craftsmanship and amenity rarely offered in the North Shore market.&nbsp;

Penthouse residents will also receive Etymon’s ‘Black Key’ private concierge and lifestyle management service, an invitation only offering providing the ultimate in bespoke personalisation, including a range of everyday discrete services, from dinner party management, grocery deliveries, pet feeding or plants watered, dinners, snacks and coffee deliveries, event ticket sourcing, right up to organising travel visas and international airfares. Rarely seen in Australian properties, the service provides residents the benefits of living in a world-class luxury hotel-style home, akin to The Ritz, or the Waldorf Astoria.

[smartcode_project:default project_id=30959 project_image_fid=358862]

<a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>’s Director, Kirsten Stanisich, said the studio set out to craft residences that feel profoundly considered, contemporary and deeply connected to their setting.

“From the outset, we approached these penthouses with the sensibility of a grand Parisian residence - generous in scale, elegant in proportion and designed to feel more like a handcrafted home than an apartment," Stanisich said.

“Their elevated position and sweeping harbour outlook informed every decision, creating a rare connection between urban sophistication and natural calm. We shaped each space with expressive materiality, sculptural forms and bespoke detailing that invite touch and interaction.&nbsp;

“The result is a pair of residences defined by volume, light and an inherent softness - refined, flexible and deeply personal. These penthouses are unlike anything else in North Sydney, offering a sanctuary of true luxury framed by some of the city’s most remarkable views.”

For Aqualand’s Head of Sales &amp; Marketing, Alex Adams, the collaboration with Porsche underscores the shared ethos behind the residences.

“Aqualand’s collaboration with Porsche underpins both brand’s sharing an obsession with craftsmanship, design excellence, and enduring value," Adams said.

“Our penthouses are created for those who appreciate the finer details and expect the extraordinary at every touchpoint. Including a Porsche simply extends that experience beyond the residence - it’s a continuation of the lifestyle our buyers already live.”&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292862]

Aqualand’s Managing Director, Jin Lin, said the penthouses represent both the pinnacle of AURA by Aqualand and an important design benchmark for the company’s future pipeline.&nbsp;

“These stunning penthouses reflect the purest expression of Aqualand’s design ambition," Lin said.

“The unparalleled design intent makes them not only the glistening crown of AURA by Aqualand, but the crown of North Sydney itself. They’re essentially a thank you gift to a burgeoning community that deserves this level of quality and architectural consideration.&nbsp;

“We’re leveraging the unrivalled standard set here as the foundation for what comes next, including our upcoming Anderson Street, Chatswood; 15 Blue Street, North Sydney and Central Barangaroo projects. Purchasers of these penthouses will essentially be living inside the blueprint of Aqualand’s future.

“These landmark residences demonstrate how far North Sydney has evolved and the strength of demand for highly curated, bespoke luxury homes. They’re more than penthouses, they’re legacy residences.&nbsp;

“With AURA by Aqualand now a thriving new precinct with residents well and truly settled, and our in-house world-class lifestyle amenity activated, Il Magnate and La Divina represent a once-in-a-lifetime opportunity to secure an extraordinary piece of North Sydney’s future.”

[smartcode_project_cta:default project_id=30959]

Joel Robinson

Aqualand launches North Sydney penthouses with free Porsche Carrera 911

<a href="https://www.apartments.com.au/developments/bokarina-qld-4575">Bokarina</a> Beach has quietly evolved into one of the Sunshine Coast’s most complete coastal lifestyle precincts, defined not just by proximity to the ocean, but by how residential living, local retail and everyday amenity are stitched together.&nbsp;

Gardner Vaughan Group’s <a href="https://www.apartments.com.au/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina-qld-4575">Bask Bokarina</a> now represents the final residential chapter in that transformation.

[smartcode_project:default project_id=141609 project_image_fid=333360]

Over recent years, the Bokarina Beach precinct has taken shape as a walkable, community-oriented neighbourhood, anchored by beachfront access, Lake Kawana to the west, and a growing mix of cafés, specialty retail and public open space.&nbsp;

With Zinc Bokarina already delivered next door by <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG), Bask is the last opportunity to buy a brand new apartment within the precinct, effectively rounding out a fully formed coastal village.

GVG has positioned Bask to strengthen that lifestyle framework. Ten ground-floor retail spaces are planned beneath the residences, extending Bokarina Boulevard’s existing activity and reinforcing the area’s everyday convenience, from casual dining and coffee to local services, within a short walk of the beach.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The residential component comprises 135 apartments across two buildings, Mydas and Caretta, with a clear shift toward larger three- and four-bedroom layouts and penthouses. That mix reflects a maturing buyer profile in Bokarina, where demand is increasingly led by owner-occupiers and active downsizers seeking space, permanence, and connection to place rather than short-term coastal accommodation.

Design and amenity have followed the same logic. Residents will have access to a heated plunge pool, gym, private dining room with a full kitchen, landscaped communal gardens with barbecues and a firepit, and a shared herb and vegetable garden, facilities intended to support daily use rather than resort-style turnover. Pet-friendly features, including a dog wash bay, acknowledge both buyer expectations and the area’s dog-friendly beach, located around 250 metres from the site.

[smartcode_project:default project_id=141609 project_image_fid=333366]

“Bokarina has become one of the Sunshine Coast’s most desirable beachside communities, and Bask represents the very last chance to buy new in this location,” GVG Director Sam Gardner said.&nbsp;

“Our focus has been to create spacious, functional apartments that meet the needs of locals who want to downsize without compromise, as well as those seeking a full-time coastal retreat.”

Positioned between the Pacific Ocean and Lake Kawana, Bask apartments have been oriented to capture outlooks toward the water or the Glass House Mountains, reinforcing the project’s connection to its natural surroundings. With parks, beachfront paths, hospitals, retail and public transport already in place, Bask arrives at a point where the broader precinct is no longer emerging, but established.

Construction is expected to complete in Q3 this year, with apartments ready to move into this Spring.

[smartcode_project_cta:default project_id=141609]

Bask to complete Bokarina’s Sunshine Coast lifestyle precinct as final apartments are released

Property development giant <a href="https://www.apartments.com.au/developers/avid-property-group">AVID Property Group</a> is approaching completion, and sell-out, of its Surry Hills apartment development, <a href="https://www.apartments.com.au/new-apartments/the-rathbone-23-47-flinders-street-surry-hills-nsw-2010">The Rathbone</a>.

The Flinders St project has sold well over half of its 32 apartments, which will sit above two retail spaces.

Now hitting the market are the final 14 one-, two-, and three-bedroom apartments, which start from $1.15 million. AVID is targeting a mid-2026 completion.

[smartcode_project:default project_id=5947 project_image_fid=51208]

AVID General Manager New South Wales Danny Boubli said as more apartments are introduced to increase housing options in inner-city areas, homebuyers are searching for a &nbsp;sense of belonging in addition to location, convenience and value.&nbsp;

“There are very few opportunities for new developments in Surry Hills, and since acquiring the site, we’ve even seen one early purchaser merge two apartments plans together, reflecting the demand for a spacious, premium offering in a prime location,” Boubli said.&nbsp;

“Demand has been strong since we launched to market – we don’t see these final apartments staying on the market for long.”&nbsp;

Architectural firm Studio SC has designed the building which pays homage to the former 1900s Rathbone Terraces that once sat on the 990 sqm island site.

Boubil said the team has made every effort to create "truly liveable apartments", through&nbsp;functional floor plans, security, storage, and the inclusion of quality fittings.

[smartcode_project:default project_id=5947 project_image_fid=51207]

&nbsp;

Sustainable design has also been implemented throughout the development, with natural light flooding each apartment, ventilation throughout, extensive landscaping and where possible, materials with a high level of recycled content and low volatile organic compound paints have been used. &nbsp;

Apartments range in size from 57 sqm for the one-bedrooms to the large-scale 165 sqm three-beds which are priced at $2,575,000.

[smartcode_project_cta:default project_id=5947]

AVID launches final apartments at The Rathbone, Surry Hills

Russell Crowe

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Fairfax Media property columnists have amended articles that reported the Academy award-winning actor Russell Crowe had sold two of his four apartments in Woolloomooloo Wharf last Saturday.
The Australian Financial Review's Su-Lin Tan had the Sunday "exclusive" which was followed up Monday by Lucy Macken at Domain, Channel 7 and The West Australian.
<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/2018/4/24/crowe1.jpg" alt="">
The Sydney Daily Telegraph checked the initial report and did not publish on receiving a denial.
Macken's Monday afternoon rewrite wrote "in a bizarre twist, Russell Crowe’s media agent Grant Vandenberg denied any sale had occurred."
“It hasn’t sold and it wasn’t for sale,” Vandenberg told Domain which then duly noted as a footer that it had amended its initial $13 million sale report.
Their URL however remained: "Russell Crowe sells half home on Sydney's finger wharf."
Last month a prestige Bellevue Hill article was also amended subsequent to publication.
The AFR kept its headline and URL, and without any acknowledgement, amended its article to instead suggest Crowe "is in discussions to sell two of his Finger Wharf apartments in Woolloomooloo to new Sydney entrant Sam Barnett, former Western Australia premier Colin Barnett's youngest son, for just under $13 million."
The article confusingly further advised "an offer and acceptance for the sale of the two smaller Finger Wharf properties of about 900 square metres had occurred, but settlement of the property has not." 
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The AFR labelled the little known Barnett a "premium property investor", crediting him for having "negotiated the purchase of the two apartments privately."
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The original article was gushingly retweeted by fewer AFR colleagues than normal practice.
The near 1000-square-metre amalgamation of four lots was bought by Crowe in 2003 for a then-apartment record of $14.35 million. It was listed in 2016 with $30 million hopes, but pulled from the market last year despite offer around $25 million given Crowe's other property listings yielded high prices.
 
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firstname1-iYD4UYzvBa

Russell Crowe denies Fairfax Media reports of Woolloomooloo Wharf apartment sale 

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Actor Russell Crowe continues his property sell off as he quietly sells his East Sydney commercial building for around $17 million.
There were weekend whispers about the proposed sale of the Riley Street block, with a report the exchange took place yesterday.
It has the 98 Riley Street Gym and offices.
The warehouse space on 677 sqm cost Crowe $5.05 million in 2003 when he bought it from the late Ron Baddock and Richard Dabbs, who ran the premises as a printing business.
Designer Blainey North, who later redesigned the building, currently leases a part of the building for her interior design business.
The sale follows Crowe's Kingsford investment property that he sold for $3.2 million to PWC Australia partner Jason Habak and wife Linda.
It had previously been leased rent free to his former band mates before the sale.
The property sell off comes amid property settlement with his ex-wife Danielle Spencer.
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search, which remains in both of their names.
It has been Spencer's home since their separation.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour.  
The sale might mean Crowe won't have sell his Finger Wharf apartment on Woolloomooloo Wharf. He has put the price up from $25 million to $30 million.
Luxury car importer Neville Crichton offered $25 million for the apartment.
It cost Crowe $14.35 million in 2003.
Image courtesy of Google Street View.
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j.ballantyne1990-6AQqhLzZaK

Russell Crowe quietly sells East Sydney commercial block

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Actor Russell Crowe has been busy over summer tidying up his property empire, as he works towards a belated matrimonial property settlement.
He has quietly sold his Kingsford apartment block, an investment he picked up 15 years ago.
It was the three storey, four unit Wallace Street block that he was allowing his former 30 Odd Foot of Grunts band mates to live in rent free.
Crowe secured $3.2 million in an off-market deal for the Wallace Street building that cost him $1,454,000 in 2001, four years before the band unofficially dissolved.
It has been bought by a company associated with Hunters Hill based, PWC Australia partner Jason Habak and wife Linda.
In November the Sydney Confidential gleaned that Crowe was finally proposing to turf out his former band mates who had been living in the 1912 apartment block prey much rent free for the last 15 years.
The Gladiator star is understood to have told the musicians four years ago that it would be used 'as part of a divorce settlement', with his now ex-wife Danielle Spencer.
One of the two bedroom apartments in the block has just been listed for rent at $725 a week, marketed as 'freshly renovated'.
Crowe and friend Billy Dean Cochran formed Roman Antix in the 1980s, which later became the more well known Australian rock band 30 Odd Foot of Grunts (also known as TOFOG).
In 1992 the band was formed and Crowe was the frontman, performing lead vocals and guitar. They played shows in London, LA and Texas in 2000.
There are whispers that the next property to go is Crowe's Riley Street commercial building in Darlinghurst.
Currently operating as 98 Riley Street Gym, the 667 sqm parcel cost Crowe $3,875,000 in 2004. The interior designer Blainey North has undertaken its fitout.
The Oscar award-winning actor has also listed his Woolloomooloo Wharf penthouse listing on which he had elevated price expectations - possibly even $30 million.
The luxury car dealer Neville Crichton, who sold his Point Piper home for $62 million in last year's biggest sale in Australia, was keen to buy the trophy apartment.
But Crichton, who wanted to downsize to spend more time in his homeland New Zealand, had hoped to pick it up for $25 million.
He has instead turned his buying intention to the $33 million Zamel home on the Point Piper harbourfront which Bill Malouf at LJ Hooker Double Bay had on his books. It had been for sale since 2014.
Western Australian mining magnate Andrew 'Twiggy' Forest also had a look around the Finger Wharf apartment which set a record in 2003 when Crowe and Danielle paid $14.35 million.
No other apartment comes close in size with some 1000 sqm at the tip of the Finger Wharf.
The offering includes a 35 metre marina berth and seven car spaces.
Crowe was only the second owner of the property, having bought the home from Nutrimetics founder Imelda Roche and her husband, property developer Bill Roche, who paid $9.8 million off the plan in 1998.
The recent relationship Danielle has with her beau Ad Long has triggered the decision to sell much of their property portfolio.
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search, which remains in both of their names.
It has been Spencer's home since their separation.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour.  
This article first appeared in the Daily Telegraph.
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Actor Russell Crowe sells Kingsford apartment block

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Actor Russell Crowe has quietly listed his Woolloomooloo Finger Wharf apartment as his matrimonial settlement with Danielle Spencer moves to its conclusion.
The vast harbourfront apartment has been an off market listing over the past month.
Already the buyer feedback is that it will be hard pressed to fetch the $25 million Australian apartment record, but Crowe is said to be realistic and wants it sold.
The Oscar-winning actor and Danielle were married in 2003 and separated in 2012. 
The home of Crowe and Danielle Spencer set a record apartment price in 2003 when it cost $14.35 million.
No other apartment comes close in size with some 1000-square-metre at the tip of the <a href="https://en.wikipedia.org/wiki/Finger_Wharf#/media/File:Woolloomooloo_Bay_Sydney.jpg" target="_blank">Finger Wharf</a>.
The offering includes a 35-metre marina berth and seven car spaces. 
Estate agent John McGrath, a former Sydney Boys High classmate of Crowe, has had select agents from his agency take buyers through over the past few weeks.
Buyers agents have been approached to present qualified buyers.
Crowe is only the second owner of the modern apartment on the tip of the heritage shipping wharf.
He bought it from the Nutrimetics founder Imelda Roche and her husband, the property developer husband Bill Roche.
The Roche's had bought it off the plan in 1998 for $9.8 million from the Walker Corporation.
Crowe previously owned the historic Elizabeth Bay residence Berthong, which he sold in 2003 for $11.5 million and which has been recently listed with $37 million to $40 million hopes. 
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search.
Along the way they inspected the $50 million-plus Altona on the harbour in Point Piper in 2007, as well as unsuccessfully seeking pricey inland residence Le Manoir at Bellevue Hill, which fetched $23 million in 2009.
Spencer was always keen to spend more on the family home, while Crowe, prefered to keep his substantial Woolloomooloo apartment as a bolthole and limit the purchase.
Te Puke, a 1909 house updated with a 1927 Arts and Crafts-style additions, has been Spencer's home since their separation four years ago.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour. 
The recent relationship Danielle has with her beau, Ad Long has triggered the decision to sell much of their property portfolio.
Crowe has also signalled he intends listing his Kingsford block of investment flats which have been the home of his former band members.
Crowe is expected to secure a Sydney base once the apartment is sold.
Before construction of the overseas passenger terminal at Circular Quay, the finger wharf was the main berth for overseas passenger liners.
It was rescued from demolition in 1991 after plans for a 440-berth marina were ditched.
Built between 1910 and 1914, the wharf, at 401 metres long, is the longest timber-piled wharf in the world.
This article first appeared in the Saturday Daily Telegraph
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jchancellor-FAypfDUnLy

Russell Crowe lists Woolloomooloo Finger Wharf apartment

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An Elizabeth Bay trophy home, Berthong, once owned by actor Russell Crowe, has been quietly listed for sale through Christies International.
It means the 1880s villa, and the neighbouring harbourfront, Boomerang, are now both for sale, but by different Melbourne vendors. 
They were once both owned by the Albert family.
Berthong, which sits in lush grounds having been once part of the orchard of the colonial secretary Alexander Macleay, carries a price tag of $37 million to $40 million.
For a time Berthong was a strata duplex which was reunited as a home by the late adman Michael Ball, who sold it in 1995 to News Corp executive, Lachlan Murdoch who sold it to Russell Crowe for $9.25 million in 2001. Crowe owned the home for two years.
This article was first published in the Saturday Daily Telegraph.
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Russell Crowe

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