Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Sorrento

Boutique property developers, Megara has been given the green-light on their $73 million Sorrento Plaza development by the state's planning commission.&nbsp;

The eight-storey residential building, Ora Sorrento will deliver a collection of luxury beachfront apartments, designed by the award-winning MJA Studio, in what is pitched to reshape and reform the 5,777 sqm site at 128-134 West Coast Drive.

Taking inspiration from the Sorrento coastline, Ora will take on a cascading architectural form, with organic shapes, natural materials and enviable ocean views.&nbsp;

[smartcode_project:default project_id=137533 project_image_fid=209055]

The Western Australia Department of Planning, Lands and Heritage consulted with the City of Joondalup to streamline the process, which will deliver 75 apartments across eight-storeys.&nbsp;&nbsp;

According to a statement from Megara, the existing planning framework was reviewed with the local community, which highlighted the need for it to be updated to better reflect local aspirations for the landmark site.

For those who treasure the coastal life, Ora is home, say Megara, with the project set to deliver a mix of one, two and three-bedroom apartments, along with exclusive four-bedroom penthouses.

Luxurious Swiss V-Zug appliances will be fitted out into each of the homes, as well as a number of sustainable initiatives, while the highly-sought after location will also bring along with it uninterrupted ocean views, which residents can enjoy from their balcony.&nbsp;&nbsp;

Boasting an array of luxurious spaces and amenities, resident's will enjoy resort-style living with a heated ocean view pool, gym, residents’ dining room, cocktail lounge and wine cellar incorporated throughout the site.&nbsp;

[smartcode_project:default project_id=137533 project_image_fid=209055]

“Ora represents a rare opportunity to enjoy an enviable coastal lifestyle so many aspire to,” Megara say.

The plans also propose two food and beverage tenancies, a public plaza, a bottleshop, 80 public car parking spaces and four motorbike spaces on the ground floor, along with the lobby for the residential apartments.

Situated between Geneff Park and Sorrento Beach, Ora residents will be within walking distance to an array of convenient amenity and recreational pursuits, including Hillary's Boat Harbour, which features a collection of restaurants, cafes and shopping opportunities, along with boating facilities.&nbsp;

Megara are only taking registrations of interest currently, with the project set to launch to the market in the new year.&nbsp;

[smartcode_project_cta:default project_id=137533]

alisonwarters@gmail.com

Megara’s Sorrento Plaza redevelopment green lit 

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The Sorrento home which was the architecturally designed winner of 2017 HIA Victorian Housing Award for custom built regional homes has been listed for sale at $3.15 million.

Set in a lush coastal garden at 15 Rose Street, the home’s features include an eight metre long drystacked limestone wall which acts as a focal point of the living room which was undertaken by a local artisan stonemason

Its Kay &amp; Burton listing agent Liz Jensen notes from the Carrara marble bench tops to the parquetry oak floors, to the cabinetry and imported light fittings, that “high-quality materials are used to the greatest effect.”

The home comes with custom built sauna and wellbeing retreat/sitting room.

There are double glazed windows, hydronic heating, wood burning open fireplace, and reverse cycle air-conditioning.

The 680 sqm block cost $1.55 million in 2014.
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The Sorrento home was the winner of 2017 HIA Victorian Housing Award for custom built regional homes.

jchancellor

Sorrento HIA award-winner listed for sale

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A new architect designed residence in Sorrento, Victoria has hit the market with $4.5 million hopes.
The five bedroom, four bathroom house is situated on a 950 sqm block at <a href="https://www.realestate.com.au/property-house-vic-sorrento-133217642" target="_blank">190 Ocean Beach Road</a>.
It comes with kitchen with marble bench tops, living area opening to entertaining deck, rumpus room dining area and lounge area.
Other features include bar, heated pool and spa, high ceilings Bluestone tiles and double garage. 
The home is located close to the Sorrento Main Street, the Bay and Ocean Beaches. 
James Hallahan and Marty Fox of WHITEFOX Real Estate Stonnington have the listing. 
 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Sorrento Main Street trophy home hits the market

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A six bedroom riverfront mansion in Sorrento, Queensland has been sold for $3.5 million. 
The contemporary Main River home with water and mountain views is situated at <a href="https://www.realestate.com.au/sold/property-house-qld-sorrento-128305058" target="_blank">19 Donegal Crescent</a>. 
The home was featured on Channel 9's Million Dollar House Hunters.
It comprises 6 bedrooms, 5 bathrooms, open plan living and dining, 2 terraces off each level and 4 car garage. 
<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/2020/2/17/sorrento%202.jpg" alt="">
Other features include heated pool, sleek designer kitchen, wine cellar, floating pontoon and landscaped gardens. 
Located in Sorrento's Riviera precinct, the home is within walking distance to restaurants, cafes, shops, beach and elite schools.
<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/2020/2/17/sorrento%203.jpg" alt="">
Maria Genc of Genc &amp; Co sold the property. 
It last sold for $1.68 million in 2016. 
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Sorrento, Queensland riverfront sold after Channel 9 Million Dollar House Hunters feature

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A vast vacant land holding, in Victoria's costal suburb of Sorrento, has sold for $4.5 million.
Situated at 19 Westmore Avenue, the property comprises 7534 square metres.
It was bought for the construction of a private family beach residence, despite expectations that the property would sell to a developer wanting to build flats or divide the block up.
The price guide of $4.5 to $4.75 million was provided with the listing.
It previously traded in 2017 when it was sold for $4 million, however, before that the block had not changed hands since 1891.
The median house price in <a href="/developments/sorrento-vic-3943">Sorrento</a> is $1.45 million.
Rob Curtain and Hamish Opray, from Peninsula Sotheby's International Realty Sorrento, listed the property.
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wdavis-8cCN98p7xp

$4.5 million Sorrento land parcel sells as family home site

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Hotelier Julian Gerner will retain ownership of Sorrento's Continental Hotel in a deal struck this week.
It comes after the demise of the proposed project partner, property developer Steller and the failure of recent purchaser LBA Capital to settle.
“I have negotiated an agreement to deliver on the vision to restore, renovate, protect and preserve the 1875 ‘Marvellous Melbourne’ hotel for the Sorrento community, all Victorians, interstate and overseas tourists for generations to come,” Gerner said.
He is targeting a recommencement of construction post Australia Day, 2020.
There is a new ownership entity, The Ocean Amphitheatre Company, named in honour of George Coppin who built the Continental and developed the township of Sorrento.
Hotelier Julian Gerner purchased the property from the Di Pietro family following a sales campaign in 2015.
Gerner then obtained planning and heritage approval for an extensive redevelopment of the 144-year-old heritage-listed hotel, the largest limestone structure in the Southern Hemisphere.
But the project was then shut down given issues regarding the project's partnership.
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Julian Gerner to develop Sorrento's Continental Hotel

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Sorrento’s stalled Continental Hotel redevelopment project has been listed for sale, with expectations of attracting keen interest.
Colliers International agents Guy Wells and Trent Hobart have been appointed to sell the iconic Continental Hotel at <a href="https://www.commercialrealestate.com.au/property/continental-hotel-1-21-ocean-beach-road-23-constitution-hill-road-sorrento-vic-3943-2015405350" target="_blank">1-21 Ocean Beach Road</a> and an adjoining site at 23 Constitution Hill Road in Sorrento.
Hotelier Julian Gerner purchased the property from the Di Pietro family following a sales campaign in 2015.
Gerner has obtained planning and heritage approval for an extensive redevelopment of the 144-year-old heritage-listed hotel, the largest limestone structure in the Southern Hemisphere.
But this project has been shut down given issues regarding the project's partners.
"It is an outstanding investment and development opportunity to bring new life to Sorrento’s iconic Continental Hotel," said Wells.
“The Continental Hotel redevelopment is a major undertaking, in a seasonal location and requires a respectful and detailed restoration,” Gerner noted.
“This has created some complexity around commerciality and funding.
"Due to increasingly difficult market conditions, I have resolved to take the project back to market.”
Heritage restoration and basement works have commenced, while the planning approvals provides for mixed use development capitalising on the site to provide a hotel, public bar, restaurants, multiple function rooms, café and two penthouse apartments along with parking for 114 cars.
The hotel has been closed for over two years.
 
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Sorrento's stalled Conti Hotel listed for sale

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Billionaire Lindsay Fox has bought another commercial holding in Sorrento on Victoria's Mornington Peninsula.
The Fox family have paid $3 million for a 1,660 sqm fringe land holding at 856 Melbourne Road (above).
Currently on the land are two 1920s built homes.
It it's likely given its location one street back from the main shopping strip on Ocean Beach Road, that it will be developed into commercial premises.
One of the homes was known as Mayfair. They were sold as a tenanted investment, according to the Commercial Real Estate website.
The site sits along the road from where Fox owns a 4000 square metre site on the corner of Melbourne Road and Ossett Street, the busy roundabout at the far end of the retail strip.
Running from 839-843 Melbourne Road and on Ossett Street, Fox acquired it for $4.1 million in December 2015, settling October 2016.
CBRE secured the recent sale which was bought by a family run company Fox Shelf No 1 Pty Ltd.
The Fox family have their weekender compound at Portsea, a 16,000 sqm compound on the cliffs.
The most recent retail sale within the Sorrento township was $4.07 million for 54-56 Ocean Beach Road, the Sportsgirl premises - $1 million above reserve.
Investment company, developer and retirement living specialist Knowles Group bought the premises, paying more than $22,000 a square metre — a record for the popular coastal shopping strip. It is headed by Melbourne socialite Coral Knowles, the wife of John Knowles.
The Country Road concept store fetched $7.125 million in 2018 when the former Post and Telegraph office and postmaster’s quarters was sold. 
The 10-16 Ocean Beach Rd property on 750sq m had been expected to sell for over $6 million.
The vendor, former Rothschild Australia chairman Peter Griffin, paid $2.53 million in 2013 for the property.
It is currently leased until 2022 with two further five-year options available.
It sold to Anna Maria and Giuseppe Pollio.
In 2016, the Mitre 10 hardware store at 80-98 Ocean Beach sold for $11.47 million to Melbourne property developer Colin DeLutis on a yield of 0.4 percent.
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Billionaire Lindsay Fox buys another commercial holding in Sorrento

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Thalatta, a 1400sqm clifftop block with a 1950s shack in Sorrento, has sold for just below its $10 million asking price.
The weatherboard house had been a holiday home for the Langford family for more than seven decades.
It was offered by Liz Jensen and Gerald Delany from Kay &amp; Burton Portsea.
Located at <a href="https://www.realestate.com.au/property-house-vic-sorrento-130160246" target="_blank">10 Netley Avenue</a>, the original family home comprises of three bedrooms, bunk room, open plan living with fireplace and verandah with sea and coastal views. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/26/sorrento%202.jpg" alt="">
It has been tightly held since the early 1950s.
It's within an easy walk to Point King Beach, the Sorrento township and many attractions including Sorrento Golf Club. 
The expressions of interest campaign closed on February 12 and the property sold February 14, The Herald Sun reported.
“There were six parties interested and four put in bids in a silent auction,” said Jensen.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/26/sorrento%203.jpg" alt=""> 
The family is descended from Clements Langford, a noted master builder and philanthropist.
He who was involved in the construction of the spires of St Paul’s Cathedral in the city.
Clements Langford was born on 25 March 1853 at Portsea, Hampshire, England.
The family arrived in Tasmania in 1864 and moved to Melbourne in 1868.
After working with auctioneers Beauchamp &amp; Rock, Clements was apprenticed to the builder in 1869.
From 1887 he had a holiday house at Sorrento.
Langford undertook an eclectic range of contracts including the Bryant &amp; May factory, Hoyts' Theatre in Bourke Street, the Myer Emporium and the Herald Building.
He died on 6 February 1930 at Sorrento with his wife and five sons and three daughters of his first marriage survived him, inheriting an estate sworn for probate at £181,632.
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Mid century clifftop Sorrento shack sold for $10 million

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Just 200 metres from Sorrento beach, a one story four bedroom beach house has been sold.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-sorrento-129637390" target="_blank">32 Newton Avenue, Sorrento</a> the four bedroom three bathroom home fetched $2.7 million.
Set on a 794 sqm block the property is neatly contained within a white picket fence.
<img src="https://www.urban.com.au/images/2018/11/30/Sorrento%201.JPG" alt="">
The home also comes with its own self contained studio which can act as a guest house.
Recently remodelled the property is open plan and "invites indoor and out door living in any season"
Featuring hydronic heating, a double garage, gas heated in-ground pool with water feature, oak floors and fireplaces the home also comes equipped with a Sonos sound system..
<img src="https://www.urban.com.au/images/2018/11/30/Sorrento%203.JPG" alt="">
The home contains three bathrooms.
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