ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.

The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.

<a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.

[smartcode_project:default project_id=135663 project_image_fid=360477]

The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.

Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.

VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.

“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.

[smartcode_project:default project_id=135663 project_image_fid=360505]

The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.

The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.

Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.

[smartcode_project:default project_id=135663 project_image_fid=360473]

BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.

The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.

The first stage of Cumulus Grand Villas is targeting completion in 2026.

[smartcode_project_cta:default project_id=135663]

VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.

The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.

For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.

Waverley Council’s response has been to move early, and decisively.

Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.

<img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" />

At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.

That repositioning is built around four key ambitions.

The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.

The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.

Oxford Street Mall sits at the centre of that shift.

Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.

&nbsp;

The second ambition is to transform Bondi Junction into a world-class interchange.

Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.

The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.

The third ambition focuses on greening and open space.

One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.

The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.

The fourth ambition is perhaps the most important from a development perspective: growth that gives back.

Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.

New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.

The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.

Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.

It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.

Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.

Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.

The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.

This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.

Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.

That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.

&nbsp;

&nbsp;

&nbsp;

If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.

“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.

Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.

The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.

Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" />

The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.

The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.

Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.

While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" />

Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;

The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;

Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;

Blair House, also on St Georges Road, sold for $74.5 million in 2022.

First look: Toorak Pavilions slated for dress circle St Georges Road

Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.

A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.

The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" />

The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”

The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.

Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.

The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.

“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" />

The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.

Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.

First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

Sunshine Beach

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The stockpicker veteran Geoff Wilson has bought a holiday home in the Sunshine Beach.

The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has spent $6.5 million on one of the best street’s on Sunshine Beach.

It’s the same street Therese Rein spent a record $17 million on the home tennis legend Pat Rafter built. Karl Stefanovic spent $3.6 million on the street earlier this year, with nine sales on the street in 2020 ranging between $2.05 million and the big $17 million sale.

The home Wilson bought hadn’t traded for three decades, having last sold for $525,000 in 1990.

Set on 550 sqm, the absolute beachfront, with direct access to the sand, was described as Mediterranean in its marketing, with its plantation shutters, terracotta tiles, colonnaded entrance and slab hut gates.

The two level property has five bedrooms, including a master suite with a private balcony and an open-concept ensuite with a spa bath.

Century 21 Conolly Hay Group agents Mike Hay and Rachel Sellman secured the sale. It was listed for rent pre-Christmas at $3,200 a week, which would see Wilson net a 2.5 per cent yield.

Wilson is based in a Double Bay trophy bought for $10 million by his wife Karen Greer in 2010. He also owns a farm in Berrima.
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The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has bought on one of the best street’s on Sunshine Beach.

Veteran stockpicker Geoff Wilson buys $6.5 million Sunshine Beach holiday home

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A Sunshine Beach, Noosa district holiday rental has reportedly secured $80,000 a week this Christmas, making it the most expensive known rental in the country.
Evgeny Skigin has leased <a href="https://domicnoosa.com" target="_blank">the uber-luxurious home, Domic</a>, which was built in 2019 into sand dunes on Seaview Terrace in Sunshine Beach.
Its reported build cost was $21 million, taking three years to construct on the block of land that cost $5.4 million in 2013.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-12-03%20at%2011.23.46%20am.png" alt="">
Niche Luxury Accommodation managing director Sue Willis told The Courier Mail the $12,570 a night listing had three bookings over the summer period, totalling 10 nights.
It’s understood one is a Sydney financier while another is a property developer from Melbourne.
The three-level, concrete domed building with 1400 sqm of living space is camouflaged under a green canopy, on almost 1ha of land on the edge of Noosa National Park with landscaping by James Birrell Design Lab.
There is a 25 metre pool, day spa, gymnasium, plus cinema room and a conference room.
The 71 Seaview Terrace home was designed by Brisbane architect Noel Robinson for Skigin, whose industrial hemp business is one of the leading providers of the usable fibre in the world.
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jchancellor-FAypfDUnLy

$24 million Noosa home, Domic secures $80,000 a week Christmas rental

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Having sold to the former Prime Minister Kevin Rudd and his wife Therese Rein, Queensland restaurateur David Hales and wife Louise have bought back big time into the Noosa market.
They scored $17 million on the Sunshine Coast (photo above) and instead recently bought two neighbouring properties on Noosa Sound's exclusive Mossman Court.
They paid $5 million and $7.25 million, taking their Noosa River holding to over 1,300 sqm.
The dearer of the homes was inspired by Ralph Lauren's Caribbean holiday home.
The couple still own 19 hectares on Lake Macdonald, in the Sunshine Coast hinterland.
The Hobart-born Hales, having departed last year the board of Betty's Burgers which he founded in 2014, recently acquired Tavern 42 Degrees South, a bar on the Hobart waterfront.
Meanwhile the Rudd-Rein power couple will be upgrading from nearby Castaways Beach where they have owned since paying $3.1 million in 2010.
Their new purchase last sold at $15.2 million when tennis legend Pat Rafter and his wife Lara quit the Sunshine Coast in early 2018.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
The Rafters always wanted $18 million plus for the seven bedroom, five bathroom beachfront home which was built in 2010.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
Rudd remains president of the New York-based Asia Society think tank, but the purchase has been advise as part of a move to repatriate capital to Australia.
Rein's wealth derives from employment services company Ingeus, which she sold in a deal worth up to $US206 million ($298 million) in 2014.
"We’ve made a conscious decision to bring our investments home to Australia," Ms Rein told the mainstream press.
"While Kevin was in office, we had to invest overseas to avoid conflicts of interest. We’ve now mostly brought those investments back home to Australia."
 
 
 
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Pat Rafter's former luxury trophy home resold at Sunshine Beach

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Former Prime Minister Kevin Rudd and his wife Therese Rein have emerged the $17 million buyer of the Sunshine Coast home of Queensland restaurateur David Hales and wife Louise.
The power couple will be upgrading from nearby.
The home last sold at $15.2 million when tennis legend Pat Rafter and his wife Lara quit the Sunshine Coast in early 2018.
Its latest sale come after being on the market since late last year when the home came with initial hopes of $20 million.
It had undergone a recent $1 million upgrade.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
<a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-123425942" target="_blank">The Rafters always wanted $18 million plus</a> for the seven bedroom, five bathroom beachfront home which was built in 2010.
Rafter suggested it was what it had cost.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
Rudd remains president of the New York-based Asia Society think tank, but the purchase has been advise as part of a move to repatriate capital to Australia.
Rein's wealth derives from employment services company Ingeus, which she sold in a deal worth up to $US206 million ($298 million) in 2014.
"We’ve made a conscious decision to bring our investments home to Australia," Ms Rein told the mainstream press.
"While Kevin was in office, we had to invest overseas to avoid conflicts of interest. We’ve now mostly brought those investments back home to Australia."
 
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Pat Rafter's former luxury trophy home resold at Sunshine Beach for $17 million to Kevin Rudd and Therese Rein

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Queensland restaurateur David Hales and wife Louise have secured $17 million for their house on Queensland's Sunshine Beach.
The couple made headlines when they paid $15.2 million for the Sunshine Coast home of tennis legend Pat Rafter in early 2018.
Its latest sale come after being on the market since late last year when the home came with initial hopes of $20 million.
Karen Harman of Dowling Neylan advised during the marketing it had undergone a $1 million upgrade.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
<a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-123425942" target="_blank">The Rafters always wanted $18 million plus</a> for the seven bedroom, five bathroom beachfront home which was built in 2010.
Rafter suggested it was what it had cost.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
 
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Pat Rafter's former luxury trophy home resold at Sunshine Beach for $17 million

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The former Sunshine Beach home of tennis legend Pat Rafter and wife Lara is back up for sale again with record hopes.

The home (above and below) broke the district record when it <a href="/news/restaurant-entrepreneurs-secure-pat-rafters-sunshine-coast-home">sold for $15.2 million just under two years ago</a> to Queensland restaurant entrepreneurs David and Louise Hales.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/Rafter%20Seaview%202.jpg">

The record <a href="/news/sunshine-coast-record-broken-twice-in-two-weeks">only stood for two weeks</a>, with a sprawling beachfront mansion on the nearby Webb Road selling for $18 million.

Now the Hales family, who have recently spent $5.67 million on a Noosa Sound waterfront given their boating interests, have listed the former Rafter home with $20 million hopes after making a number of improvements.

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The John Burgess-designed home which is built in a H-shape around a central swimming pool has seven bedrooms and five bathrooms.

Tom Offermann Real Estate agents Tom Offermann and Eric Seetoo, who sold the home last time, are marketing it again.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/Rafter%20Seaview%203.jpg">

David was the co-founder of the Betty’s Burgers &amp; Concrete Co, which he established on Noosa’s Hastings Street in 2014 and then expanded to nine outlets.  

David sold Betty's Burgers to Retail Zoo.

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The Hales family will only be in their Noosa Sound waterfront for a short while. They've recently settled on a knockdown rebuild on a double block on Mossman Court.

The Rafter's now live at a <a href="/news/tennis-champion-pat-rafter-gets-approval-for-byron-build">38 hectare estate in the Byron Bay hinterland</a>.
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Former Sunshine Coast home of tennis legend Pat Rafter set for record sale

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Sam and Kerri-Ann Charlton, the owners of the luxury Whitsundays island escape Bedarra Island Resort, are selling Pavilions, their Sunshine Beach home.
The Gabriel Poole-designed home once belonged to tennis legend Pat Rafter. Having paid $2.18m in 2003, Rafter sold eight years later for $2.25m.
The home then went backwards in 2013, when bought for $2.1m by the Charltons.
The two-level property on 920sq m at the northern end of Sunrise Beach has four bedrooms and two bathrooms.
The most impressive feature is the lap pool and bathing pavilion in the tropical gardens.
Mike Hay and Rachel Sellman at Century 21 have the listing. Sam and Kerri-Ann bought Bedarra Island Resort in 2011.
They have spent 18 months rebuilding and reopened the resort as an all-inclusive barefoot luxury retreat.
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Bedarra Island owners Sam and Kerri-Ann Charlton list Sunshine Beach home Pavilions

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The Dolphin Backpackers hostel in Noosa's Sunshine Beach is for sale.
Set on an 1839 square metres site the property is host to 24 bedrooms, 18 bathrooms plus 15 kitchen and communal areas.
<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/2019/3/7/sunshine%20beach%201.jpg" alt="">
The current owners' abode is described as "bright and welcoming with room for a family to spread out and relax".
There's a modern kitchen with open-plan living that spills out to covered alfresco areas.
The hostel also featured tropical gardens, which surround the property and a resort-style pool.
Situated at <a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-130163690" target="_blank">14-16 Duke Street</a>, it is close to the beach and bustling Duke Street cafes and shops.
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Dolphin Backpackers hostel in Noosa's Sunshine Beach for sale

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Sonya and David Evans, the former Bombers chairman, are tipped to emerge the $14 million buyers on Sunshine Beach, just outside of Noosa.

The beachfront house sold on the very first inspection just prior to hitting the market through Tom Offermann and Nic Hunter at Tom Offermann Real Estate.

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The couple are based at Woodfield, an 1880s Hawthorn residence they've called home since paying $6,435,000 in 2010.

Their new weekender comes with 41 metres of ocean frontage on its 1,260 sqm parcel.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/10/Bomber2.jpg">

It has five bedrooms, six bathrooms and a 23 metre swimming pool.

The Evans family sold their Little Cove house for $11.2 million in early 2018, after paying only half that just three years earlier.

Recently Singapore-based Equis Energy chief executive David Russell emerged on settlement as the buyer of <a href="/news/sunshine-coast-record-broken-twice-in-two-weeks">Noosa's most expensive home</a>, which he purchased through his company this year for $18 million.

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Former Bomber chairman David Evans buys $14 million Sunshine Beach home 

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The Sunshine Coast has seen its residential house price record broken twice in the last two weeks, with two beachfront properties fetching eye-watering figures for the locality.
First the Seaview Terrace home of Byron Bay-bound tennis champion Pat Rafter sold after having consistent $18 million hopes since its initial listing last August.
The John Burgess designed seven bedroom, five bathroom beachfront home was built in 2010 after Rafter paid $9.5 million in 2006.
Tom Offermann Real Estate agency, who sold the Rafter home, have just found a buyer for an absolute beachfront home nearby on Webb Road, which had $22 million price hopes (above and below)
<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/2018/2/20/webb2.jpg" alt="">
Only first listed eight weeks ago, the home on a sprawling 3,595 sqm has been completely transformed since it traded as Brinbara in 2013.
A back-to-bare renovation by multi-award winning international designer David Hicks has seen the design give a nostalgic nod to the Italian Riviera, with a wealth of terrazzo and ribbed lacquered timber. 
Much like a hotel, the atrium with staircase and chandelier take centre stage. There's domestic and commercial size kitchens and six ensuited bedrooms.
The hotel amenities continue throughout the grounds, with a tennis court and cabana, glass-fronted pool and a self-contained guest cottage.
<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/2018/2/20/webb3.jpg" alt="">
The home has a 44 metre beach frontage plus bounded on another side by a nature reserve.
Nic Hunter, the agent handling the marketing, said a beachhouse in the front row with nothing but the sea in front is the ultimate prize.
He sold the home with Tom Offermann, who sold the home over three decades ago.
“I’ve sold this property three times,” Offermann said.
“In 1987 it was owned by a Londoner, an industrial chemist, who used the modest timber house for his annual holidays.
"He wanted $1m, later confessing he thought he’d set me an impossible challenge, especially as it was my first year in business.
"But he was surprised to say the least when I returned with a contract. He signed it and poured a celebratory beer glass full of Scotch whisky.  I’m not sure if it was the elation of the epic sale or the Scotch, but I remember feeling like I was walking on air as I left his house, contract in hand.
“The sale made news as the first Sunshine Coast property to hit the magic million mark and is still making headlines today, 31 years later. That’s understandable given Webb Road is very sought-after with four-only beachfront properties.”
The Rafter home, also sold by the Tom Offermann agency, was built in a U-shape with a central pool and two glass-fronted wings pushing out towards the ocean.
There's a path to the sand and the surf.
 
 
 
 
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