Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Sydney Harbour

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Residential developer Sekisui House Australia has won the tender to acquire a 9.4 hectare site on Sydney's harbourside suburb of Wentworth Point for $360 million.
The Sydney Harbour site has views across the Parramatta River, the Sydney CBD and the Sydney Harbour Bridge.
The proposal includes a mixed-use master-planned community of around 2,000 one, two and three bedroom apartments with multiple towers up to 25 stories in height.
Sekisui House Australia chief executive officer said Toru Abe said Sekisui House was pleased to receive the advice that they had been successful in the tender process.
“We have already contributed to the area by delivering 2,000 apartments at Wentworth Point as well as jointly investing in the recently opened A$63 million Bennelong Bridge, which is one of the largest private and public partnership infrastructure projects in Australia," he said.
“We will maximise the enormous potential of this landmark site by delivering a unique and vibrant master-planned community with pocket parks and plenty of other amenity for residents to enjoy.   
"Another major advantage to residents is the excellent transport links the location provides with a new re-developed ferry terminal with increased services, Rhodes Railway Station – now within walking distance – as well as multiple bus services linking to all major centres from Rhodes Shopping Centre.”
The master plan design proposal includes a collaboration between Japanese architecture practice, Kengo Kuma and Associates, as the lead architect, and a local firm to finalise the design. 
Construction for the project has been scheduled to commence in 2018 with anticipated delivery by 2020.
For more information, <a href="https://www.sekisuihouse.com.au/">click here</a>. 
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jonathanchancellor-7SQnKwU6yx

Sekisui House Australia wins Roads and Maritime Services’ tender at Wentworth Point

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The NSW Government has listed a prime piece of freehold land on Sydney's harbourside at Walsh Bay.
Located at <a href="https://www.realcommercial.com.au/property-land+development-nsw-walsh+bay-502065494" target="_blank">14 Hickson Road</a>, the vacant 718 sqm parcel has two street frontages and is prime for a premium boutique mixed-use retail/residential development. 
Marketed by Savills agents Stuart Cox, Robert Lowe and Neil Cooke, the agents see the land as a unique opportunity to acquire a rare, freehold parcel of level land with excellent development upside.
“Surrounded by some of Sydney’s most expensive real estate, 14 Hickson Road is located within one of Sydney’s most prestigious locations," Stuart said.
"Moreover, as Sydney’s prime residential market continues to remain buoyant, coupled with the lack of ultra-prime sites for luxury residences, we expect strong competition for this site, both local and international."
Any development will need to adhere to existing planning controls within the Sydney Regional Environmental Plan No.16, including consideration of the heritage significance of the precinct.
Kann Finch, the highly regarded international architectural firm has prepared a design for a single mixed-use development of 8 levels, comprising 19 lavish apartments above a small ground floor retail area space of circa 192 sqm.
The retail space benefits from two additional 70sq m terrace areas located on levels 2 and 3 providing panoramic northerly views out over Sydney Harbour.
In the neighbouring Millers Point, RP Data recorded 48 sales in excess of $2 million in 2015.
Buyers who had purchased apartments within Barangaroo have reported price increases of circa 24% for a one-bed and 35% for a two-bed since 2013.
The expressions of interest for the campaign will close on September 7.
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j.ballantyne1990-6AQqhLzZaK

NSW Government offers rare freehold Sydney harbourside parcel of land

<html><body>
Fishing guru Rex Hunt has snappily sold his Quay Grand apartment on Macquarie Street for $2.05 million.
It was back in 1999 when Hunt paid $690,000 to buy into<a href="https://www.domain.com.au/1003-61-macquarie-street-sydney-nsw-2000-2012921911" target="_blank"> the Mirvac developed complex</a>.
Hunt has had a career in many different pursuits.
He was a police officer in Victoria while playing in the forward line for the Richmond VFL team. He became a radio football commentator, known for his habit of making up quirky nicknames for players.
However, he is probably most famous around the world for his fishing programs.
Ettiene West at Morton Sydney secured the off market sale of the 75 sqm one bedroom.
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firstname1-iYD4UYzvBa

Rex Hunt sells Quay Grand, Macquarie Street apartment

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Two iconic Sydney trophy homes have been listed for sale that now go head to head in a battle for upmarket buyers.
Altona, the oft-called eight bedroom home of conspicuous consumption in Point Piper, has hit the market, along with the seven bedroom Elizabeth Bay harbourside home, Boomerang.
Both were prior record setting homes, but not this time around as James Packer's $70 million contemporary Vaucluse sale, after some serious site amalgamations, seems unbreakable for the time being.
The low-key Wang family have listed Altona, their prized Point Piper harbourfront home last sold at $52 million in 2013 on 2400 sq m.
But it won't be setting any price records given its listing follows the sale earlier this week of their adjacent 1000 sqm garden block, reputedly for around $18 million to Chinese buyers.
The iconic Victorian Italianate home was last sold by Deke Miskin, a former teenage magazine publishing industry entreprenuer, and his wife Eve who hosted many social events.
Its been a little quiet since being sold to the Melbourne-linked Chinese property developer Wang Zhijun.
The recently sold garden block had been added to Australia’s most famous trophy home by publisher Matt Handbury and his then wife, former model Fiona in the mid 1990s. 
The Handburys sold their merged 2400 sqm holding - envisaged as a tennis court - to publisher Deke Miskin and his wife, another former model Eve in 2002 for $28 million.
Rosaline Ho of Goldfield &amp; Co has been appointed to sell the home, with Alison Coopes. The Lowy family and actor Russell Crowe rank among a who's who having previously toyed with buying Altona.
Property observers suggest it might sell at $45 million plus this time given the reduced land size.
Boomerang, which doesn't come with Harbour Bridge and Opera House views, quietly hit the market earlier this month with ambitious $60 million hopes through Ray White Double Bay.
Sydney's finest Spanish mission-style trophy home, is being off-loaded by Lindsay Fox, the Melbourne-based billionaire trucking magnate who has hosted many charity fund raisers in the 4100 sqm grounds.
The Elizabeth Bay landmark harbourfront home was bought for $20 million in 2005.
The Hollywood-style mansion has often been ranked as the most expensive house in the country as it was the first property to crack the $20 million level.
It was also the first Sydney home to fetch more than $1 million when sold by the original owners in the 1970s.
It was built at a cost of 60,000 pounds for music book publisher (Sir) Alexis Albert, who lived there until he died in 1962 with it then being vacant for more than a decade. 
Perth-based developer Warren Anderson owned it from the mid 1980s until 1993, when he was evicted by the Bank of New York and it was sold by the mortgagee to the now jailed fraudster Nati Stoliar for $6.6 million.
Then merchant banker Malcolm Turnbull was interested at the time, underbidding at its 1993 auction, for the home with its majestic Moorish porte cochère, arcaded loggias, oak panelled library with Tudor-style fireplace and its so-called peacock room conservatory.
Australia’s record house price was set last August at $70 million when James and Erica Packer sold their Vaucluse mansion, La Mer to Chinese-Australian businessman Dr Chau Chak Wing.
The historic Double Bay estate Elaine remains the most expensive property for sale in Sydney after agents set an official price tag of $80 million.
The trophy home, which sits over 6900 sqm on the harbour, has been on the market for two years through Ken Jacob’s of Christie’s International Real Estate. 
“It is one of the world’s most exciting opportunities,” he said. 
For more than 125 years it has been in the hands of the Fairfax family.
The Wang's concealed ownership of the property behind a complex shelf company structure, with Chaimovitch Investments Pty Ltd fronted by an elderly relative in Melbourne. 
It's purchase attracted the interest of the Foreign Investment Review Board at the height of Treasurer Joe Hockey's crackdown on illegal Chinese property purchases last year.
But Wang and his wife Guan Hongyan are now permanent residents, and deciding on downsizing, looking at what next to buy in either Sydney or Melbourne.
A spokesman said the sale was voluntary, not a forced divestiture.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Altona versus Boomerang - battle of the Sydney trophy homes

<html><body>
Two iconic Sydney trophy homes have been listed for sale that now go head to head in a battle for upmarket buyers.
Altona (above), the oft-called eight bedroom home of conspicuous consumption in Point Piper, has hit the market, along with the seven bedroom Elizabeth Bay harbourside home, Boomerang.
Both were prior record setting homes, but not this time around as James Packer's $70 million contemporary Vaucluse sale, after some serious site amalgamations, seems unbreakable for the time being.
The low-key Wang family have listed Altona, their prized Point Piper harbourfront home last sold at $52 million in 2013 on 2400 sq m.
But it won't be setting any price records given its listing follows the sale earlier this week of their adjacent 1000 sqm garden block, reputedly for around $18 million to Chinese buyers.
The iconic Victorian Italianate home was last sold by Deke Miskin, a former teenage magazine publishing industry entreprenuer, and his wife Eve who hosted many social events.
Its been a little quiet since being sold to the Melbourne-linked Chinese property developer Wang Zhijun.
The recently sold garden block had been added to Australia’s most famous trophy home by publisher Matt Handbury and his then wife, former model Fiona in the mid 1990s. 
The Handburys sold their merged 2400 sqm holding - envisaged as a tennis court - to publisher Deke Miskin and his wife, another former model Eve in 2002 for $28 million.
Rosaline Ho of Goldfield &amp; Co has been appointed to sell the home, with Alison Coopes. The Lowy family and actor Russell Crowe rank among a who's who having previously toyed with buying Altona.
Property observers suggest it might sell at around $45 million this time given the reduced land size.
Boomerang, which doesn't come with Harbour Bridge and Opera House views, quietly hit the market earlier this month with ambitious $60 million hopes through Ray White Double Bay.
Sydney's finest Spanish mission-style trophy home, is being off-loaded by Lindsay Fox, the Melbourne-based billionaire trucking magnate who has hosted many charity fund raisers in the 4100 sqm grounds.
The Elizabeth Bay landmark harbourfront home was bought for $20 million in 2005.
The Hollywood-style mansion has often been ranked as the most expensive house in the country as it was the first property to crack the $20 million level.
It was also the first Sydney home to fetch more than $1 million when sold by the original owners in the 1970s.
It was built at a cost of 60,000 pounds for music book publisher (Sir) Alexis Albert, who lived there until he died in 1962 with it then being vacant for more than a decade. 
Perth-based developer Warren Anderson owned it from the mid 1980s until 1993, when he was evicted by the Bank of New York and it was sold by the mortgagee to the now jailed fraudster Nati Stoliar for $6.6 million.
Then merchant banker Malcolm Turnbull was interested at the time, underbidding at its 1993 auction, for the home with its majestic Moorish porte cochère, arcaded loggias, oak panelled library with Tudor-style fireplace and its so-called peacock room conservatory.
Australia’s record house price was set last August at $70 million when James and Erica Packer sold their Vaucluse mansion, La Mer to Chinese-Australian businessman Dr Chau Chak Wing.
<div>The historic Double Bay estate Elaine remains the most expensive property for sale in Sydney after agents set an official price tag of $80 million.</div>
<div> </div>
<div>The trophy home, which sits over 6900 sqm on the harbour, has been on the market for two years through Ken Jacob’s of Christie’s International Real Estate.
</div>
<div> </div>
<div>“It is one of the world’s most exciting opportunities,” he said.</div>
<div> </div>
<div>For more than 125 years it has been in the hands of the Fairfax family.</div>
<div> </div>
<div>The Wang's concealed ownership of the property behind a complex shelf company structure, with Chaimovitch Investments Pty Ltd fronted by an elderly relative in Melbourne.</div>
<div> </div>
<div>
It's purchase attracted the interest of the Foreign Investment Review Board at the height of Treasurer Joe Hockey's crackdown on illegal Chinese property purchases last year.
</div>
<div>
But Wang and his wife Guan Hongyan are now permanent residents, and deciding on downsizing, looking at what next to buy in either Sydney or Melbourne.
A spokesman said the sale was voluntary, not a forced divestiture.
This article was first published in the Saturday Daily Telegraph.
</div>
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Altona, the Point Piper trophy home hits the market

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It was our fourth Surveyor-General Sir Thomas Mitchell who led the harbourfront residence push when he built the 1840s residence, Carthona on the shores of Darling Point, which is still seen and admired.
But concerns over sanitation saw many of the pioneer plutocracy taking themselves instead to harbourside ridges. 
During World War II, the fear of invasion via the harbour led to a loss of interest in waterfronts.
They haven't always been the must haves.
But come the late 1980s, the playwright David Williamson had detected the firming in sentiment when he wrote his 1987 play, Emerald City.
"No-one in Sydney ever wastes time debating the meaning of life - it's getting yourself a water frontage," one character advised.
Ofcourse not all waterfronts are alike. Not all the wisest of trophy home acquisitions.
The recent $80 million sale of four adjoining homes on Coolong Road, Vaucluse as a harbourside compound for Russian entreprenuer was significant for several reasons, not the least that it marked a return to the more traditional approach to the selection of prestigious property.
Aspect once again reigned supreme, not the picture postcard view that's highlighted every New Year's Eve.
Traditionally a northeast facing sheltered bay with boating facilities on Sydney Harbour was the most sought after buying waterfront option, but because of the Sydney Harbour Bridge and then the Opera House there's been an escalating value add to the west facing eastern suburbs homes.
This has become even more pronounced given the surging interest from off-shore buyers who often comment to estate agents “when I am in Sydney I want to know I am in Sydney by seeing the icons from my lounge room”.
Waterfronts to the west of the Harbour Bridge have seen their own transformation, especially as its industrial sites have been remediated.
The gentrification of the waterfront ever westward has meant the million-dollar price tags are the norm, and not just on the main harbour. All the way up the Lane Cove and Parramatta rivers. And Sydney's other waterways too.
When choosing the right waterfront, professional help is helpful from the buyers' agent through to the architect.
Bear in mind that councils have special foreshore protection zones that impose restrictions. 
Starting with the aspect, a north east facing home is most desirable.
The next point to consider is the depth of the waterfront. Can it accommodate a jetty or a pile berthing for your boat? 
Buyers need to consider how swells might impact with the quieter waters of bays definitely preferred.
The opposite of swells, low tide must also be borne in mind because it can become sandy and muddy. Or worse smelly with seaweed and scattered with debris.
Sandy beaches tend to attract the public who are generally allowed access to all areas below the mean high water mark.
If the waterfront is close to ferry wharfs, it will be noisy. Then there's the tour boats with their megaphone commentary which landowners can hear about themselves! Add to that the party boats with their blaring music and light show.
Accessibility to the waterfront from the house is another important consideration. Steps and inclinators are a turn off for may buyers. Steep waterfront blocks are a challenge, engineering wise and also ease of parking. 
Lastly some might wish to bear in mind the impact of climate change and rising seas as it could potentially effect especially on reclaimed land.
Selecting a property with just a great view in mind is possibly not the wisest outlay.
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Aspect makes a comeback with Sydney waterfront property

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The top sale of the week was a six bedroom deep waterfront in the Sydney suburb of Tennyson Point, according to CoreLogic RP Data.
The property, <a href="https://www.realestate.com.au/property-house-nsw-tennyson+point-121079062" target="_blank">141a Tennyson Road Tennyson Point</a>, sold for $5,905,000 through Joseph Mazar and Susie Crino from Ray White of Gladesville &amp; Ryde.
Top ten sales 
141a Tennyson Road, Tennyson Point, NSW 6 bed, 4 bath, 3 car house $5,905,000 Ray White Gladesville 
144 Glenmore Road, Paddington, NSW 4 bed, 3 bath, 2 car house $4,200,000 BresicWhitney Darlinghurst 
701/21a Hickson Road, Millers Point, NSW 3 bed, 2 bath, 2 car unit $4,000,000 McGrath Estate Agents 
28 Cosham Street, Brighton, Vic 3 bed, 2 bath, 2 car house $3,925,000 RT Edgar Brighton 
16 Belmont Avenue, Kew, Vic 4 bed, 2 bath, 2 car house $3,905,000 Jellis Craig Hawthorn 
2 Callantina Road, Hawthorn, Vic 5 bed, 3 bath, 2 car house $3,840,000 Kay &amp; Burton South Yarra 
59 Woodside Avenue, Strathfield, NSW 4 bed, 2 bath, 2 car house $3,800,000 Georges Ellis &amp; Co 
26 Bowden Crescent, Connells Point, NSW 3 bed, 2 bath, 3 car house $3,750,000 McGrath Estate Agents 
76 Wood Street, Manly, NSW 4 bed, 4 bath, 2 car house $3,550,000 Clarke &amp; Humel Property 
15 South Street, Strathfield, NSW 7 bed, 3 bath, 2 car house $3,450,000 Strathfield Partners 
 
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