Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Tamarama

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The international award-winning filmmaker Alexandra Liveris has bought a Tamarama apartment.
It is the middle apartment in a boutique triplex designed by JPR Architects.
The three bedroom, three bathroom apartment was bought off the plan through 1st City Double Bay agents Julian Hasemer and Rod Fox.
Liveris is set to be sandwiched by renters as the apartment above was recently for rent at $3,000 a week, while the unit below was available at $3,600.
Alexandra's 2017 short film Eyes of Exodus won the Special Jury Award at the Thessaloniki Documentary Film Festival and the Audience Award at Aspen ShortsFest.
She most recently directed and was the cinematographer on seven documentaries for Google Labs that reached 18 million unique viewers. 
Alexandra, who studied documentary film and video at Stanford University, has previously worked with the NY-based Clinton Foundation and also on the now defunct Charlie Rose show. 
Alexandra's brother Nick has just moved back to Sydney, where he's spent $5.25 million in Rose Bay.
Their parents Andrew and wife Paula own an $8.5 million Point Piper duplex but have been based near his Dow chemical HQ in Michigan.
Andrew Liveris was a Donald Trump appointee and had previously worked on an advisory panel for Barack Obama.
This article first appeared in The Sunday Morning Herald.
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Acclaimed filmmaker Alexandra Liveris buys in Tamarama

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The Tamarama hole in the ground belonging to Marco Rossi, the Bellevue Hill based chairman of Built, and partner Stephanie Stokes, was pulled from its recent auction.
It had a guide of $11 million, down on the $15 million the couple sought when they first listed it back in 2016. They paid a then record $11 million in 2008 and demolished the former home which was listed by Sotheby's in conjunction with Bethwyn Richards at The Agency.
The 585 sqm sits on the dress circle Thomson Street overlooking the beach.
There are approved plans for an opulent glass-swathed five-bedroom palace by the internationally renowned architect Wallace E. Cunningham.
The plans, expected to cost $7 million to fulfil, include a number of indoor and outdoor living spaces, a home theatre, gym, and a lift to each level. All excavation works are complete.
Last year there were three sales which toppled the Tamarama record, the biggest the $13 million paid by DJ Annie Conley for the home of former fashion industry boss Robby Ingham and wife Sarah. 
This article was first published in the Saturday Daily Telegraph.
 
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No sale yet for Tamarama hole in the ground of Marco Rossi

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Graham Cordery, the owner of popular Surry Hills venue Soda Factory, has bought a Tamarama apartment.
The top floor apartment in a 1950s boutique block of four cost $3 million.
It spans nearly 240 square metres across two levels which includes a large rooftop entertaining terrace.
There's three bedrooms and two bathrooms.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/22/tamarama.jpg" alt="">
McGrath Coogee agent Angus Gorrie secured the sale in under two weeks.
Soda Factory opened in 2013 and celebrated its fifth birthday this month.
Cordery is a director at The Experience Group, which operates the Soda Factory and the restaurant Rosie Campbell's on nearby Crown Street.
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Soda Factory owner buys Tamarama apartment 

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A Tamarama Marine Drive, Tamarama building block has now been listed for June 25 auction by Marco Rossi, chairman and founder of the construction company Built.
There were <a href="https://www.realestate.com.au/property-house-nsw-tamarama-123910178" target="_blank">$15 million reported expectations</a> on its initial 2016 listing. 
Rossi has stuck with Sothebys, but brought in Bethwyn Richards at The Agency to get the sale across the line <a href="https://www.realestate.com.au/property-house-nsw-tamarama-123910178" target="_blank">this time</a>.
They are advising there are $11 million hopes.
Rossi bought the property in 2007 for $11 million, setting a record for the suburb at the time.
He demolished the existing building and excavated at a cost of around $1 million.
Rossi has since moved to Bellevue Hill's Yoorami with his partner, Stephanie Stokes, as they wanted the family to be closer to schools.
Plans for the five bedroom Tamarama home include an eight-car garage and a lift from the street frontage.
The plans are estimated to cost another $7 million.
They were designed by internationally renowned architect Wallace E. Cunningham.
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Tired Tamarama trophy home site listed for auction

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Having been appointed CEO of both the Melbourne and Sydney operations, Clemenger BBDO top dog Nick Garrett has bought a duplex Tamarama penthouse.
The London-born Garrett, hailed as one of the world's most respected creative leaders, has paid $3.25 million for the apartment.
Spanning the top two levels of a 1950s block, the 200 square metre apartment has three bedrooms, two bathrooms and a separate study.
The sale through The Agency's Bethwyn Richards and Monica Smit comes with a 40 square metre studio with separate entrance. 
Garrett was named CEO of Clemenger BBDO Melbourne in 2015 and then took on board the responsibility of the Sydney operation.
His Melbourne address is a $2.06 million home in South Yarra.
This article first appeared in The Weekend Australian. 
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Marketing executive Nick Garrett buys Tamarama penthouse

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<div>
<div>Bondi and Bronte are hot markets for houses, from colonial to contemporary. </div>
<div> </div>
<div>James Kennard, from the Kennards Self Storage family, has snappily sold his <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-127338042" target="_blank">Yanko Ave, Bronte</a>, beach house (above) which cost $5,325,000 in 2015.</div>
<div> </div>
<div>BresicWhitney agent Nic Krasnostein said only that it set a street record, which would mean $6.3 million-plus. </div>
<div> </div>
<div>Kennard recently spent $4.15 million near Byron Bay.</div>
<div> </div>
<div>IT consultant Bill Shires, the former Tamarama SLSC president, and his wife Judy have listed their colonial 1880s Bondi home, Barroda (below). It has a $3.8 million price guide through McGrath. </div>
</div>
<div> </div>
<div>There is a $3.8 million price guide through Simon Exelton at McGrath.</div>
He describes it as a grand colonial estate occupying an elevated 626sqm corner block with views over Bondi.
<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/2018/2/16/ocean1.jpg" alt="">
"This rare offering has been in only two families over the past 100 years," he said.
The Shires bought its from the Norburn family in 2008 for $2,065,000.
"There is a full bar in the basement cellar where many a friend of the Norburn would bump their head on the low beam whilst wine tasting. 
The zoning allows for child care or respite day care centres.
This article was first published in the Sunday Telegraph.
 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/eastern-suburbs/bondi/367155" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en-GB&amp;q=https://www.mcgrath.com.au/buy/house/nsw/eastern-suburbs/bondi/367155&amp;source=gmail&amp;ust=1517689820071000&amp;usg=AFQjCNFhtB4zIrCEVXbVCn8sEa2rcXRECQ"> </a>
 
 
 
 
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Kennards sell in Bronte as former Tamarama SLSC president lists in Bondi

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The former Ramsay Health Care chief Chris Rex has sold his Bronte home for $6,275,000. It had a buyers guide of $5.75 million.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-bronte-126626838" target="_blank">Yanko Avenue home</a> (above and below) has been the long-time home of Chris and wife Lynette, having bought it for $985,000 in 1998.
Set on 460 sqm in north facing Barbara Landsberg gardens, the private family beach house has five bedrooms over its three levels.
A rear entertaining terrace overlooking a solar heated pool.
<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/2017/10/25/Rex2.jpg" alt="">
Phillips Pantzer Donnelly agents Alexander Phillips and David Tyrell sold the home after its spent two weeks on the market.
Earlier this month the Rex's emerged as the buyers of <a href="https://propertyobserver.com.au/forward-planning/advice-and-hot-topics/title-tattle/76901-tamarama-s-11-2-million-pavilion-house-buyer-revealed" target="_blank">Pavilion House at Tamarama</a>.
They paid a suburb record $11.2 million for the home of Bronte Surf Club president and sports and entertainment manager Basil Scaffidi and wife Catherine.
Last year they sold their Bondi Beach penthouse that they bought it from the accountant Anthony Bell $7.35 million. 
Set in The Bondi, the 395 sqm apartment with 150 sqm rooftop had been leased out at $3,750 a week. 
 
<div id="sticky_holder_news"> </div>
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Chris Rex sells Bronte home in trade up

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Lynette Rex, wife of the soon to retire Ramsay Health Care chief Chris Rex, has emerged as the buyer of Pavilion House, the $11.2 million Tamarama home that set the suburb record last month.
It was the home of Bronte Surf Club president and sports and entertainment manager Basil Scaffidi and wife Catherine.
Walter Barda designed the three level residence on 390 square metres in 2012 after the land traded at $3,625,000 in 2005.
Phillips Pantzer Donnelley sold the five bedroom home in just five days.
The Rex's recently sold their Bondi Beach penthouse in The Bondi for $7,575,000 having bought it for $7.35 million just 18 months earlier.
They have since listed their <a href="https://www.realestate.com.au/property-house-nsw-bronte-126626838" target="_blank">long-held Bronte home</a> on the pricey Yanko Avenue.
The couple paid $985,000 in 1998.
This article first appeared in The Daily Telegraph.
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Tamarama's $11.2 million Pavilion House buyer revealed

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The Tamarama home of sports and entertainment manager, Basil Scaffidi and his wife Catherine has been snappily sold for a suburb record $11.2 million.
The Thompson Street home, known as Pavilion House, edged out the $11 million Built chairman Marco Rossi and his partner Stephanie Stokes paid in 2008.
Scaffidi, the Bronte Surf Club president, paid $3,625,000 in 2005 for the property overlooking the beach and commissioned Walter Barda to design the residence on 390 sqm in 2012.
<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/2017/10/05/Pavilion1.jpg" alt="">
Spanning three levels with internal lift, the Hampton-style sandstone and timber home has five bedrooms, a home theatre, gym, 500 bottle wine cellar and a resort-style pool.
Scaffidi co-founded Sports and Entertainment Limited with James Erskine, Tony Cochrane and the late David Coe.
This article was first published in the Saturday Daily Telegraph.
<a href="https://www.domain.com.au/real-estate-agent/alexander-phillips-1133128/" target="_blank"> </a>
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Bronte Surf Club president sells Tamarama trophy home for suburb record

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Bellevue Hill DJ Annie Conley is believed to be the buyer of the Tamarama home of pioneering fashion retailer Robbie Ingham and wife Sarah.
It's expected she's paid around $13 million for the Gaerloch Avenue property that sold for $14 million last year, only for the buyer to walk away from the deal.
Ray White Double Bay's Ashley Bierman handled the sale this time around with the listing held by Pauline Goodyer at Goodyer Real Estate.
A 25 metre pool spanned the five bedroom home which offered <a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-126262906" target="_blank">point blank ocean views</a>.
The Ingham's moved round the corner last year when they completed the construction of their new home.
Ingham opened his first store on Oxford Street in 1983, importing designer clothes that were soon worn by the fashion set of Sydney. 
After 32 years Ingham decided to shut up shop in 2015, retiring given the trend towards online shopping had dented trade and his joy of face to face customer interaction.
Ingham also owns in Gerringong, a 40-hectare parcel where he's building a retreat with tennis court, pavilion, barn, stables and pool.
Conley is now seeking a buyer for her O'Sullivan Road home, a refurbished 1930s Prof Lesley Wilkinson home.
It goes to September 19 auction through Bierman in conjunction with Bradley Caldwell-Eyles at 1st City Double Bay.
"DJ Annie" is the daughter of the late aviation pioneer and property investor, John Conley.
Her house set in the Will Dangar gardens comes with $6 million to $6.5 million price guidance.
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