National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Joel Robinson

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 52-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Tamarama

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The pioneering fashion retailer Robby Ingham and his wife Sarah have finally sold their Tamarama home.
It comes a year after they moved around the corner where they finished construction of their new home.
The redundant five bedroom home had point blank ocean vista with views back towards beach.
Given its position above the popular coastal walk, the garden on the 440 sqm double block featured a sheltered entertaining area.
There was also  a 25 metre lap pool that spanned the Gaerloch Avenue property.
It had been on the books of Pauline Goodyer of Goodyer Real Estate, with the advertising only coming down earlier this month.
<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/2017/08/21/ingham_0000_i1.jpg.jpg" alt="">
There's been no price sale price indication, by Goodyer who thought it was sold last August when the then $14 million buyer walked away.
It was back in 1994 when Ingham paid $810,000 keener for the offering than film producer Rebel Penfold Russell who stayed instead on the Ben Buckler peninsula at Bondi. 
Ingham bought the adjoining block in 2004 allowing the 2008 home extension renovation.
Ingham, in an early show of entreprenuerial independence from his chicken producing family, opened his first store on Oxford Street in 1983.
His imported designer clothes 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.
This article was first published in the Saturday Telegraph.
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firstname1-iYD4UYzvBa

Pioneering fashion retailer Robby Ingham and his wife Sarah finally sell in Tamarama

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The veteran Sydney jockey Glyn Schofield has secured an investment apartment in Tamarama.
The jockey paid $2.3 million for the apartment in the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-tamarama-124474426" target="_blank">newly completed Pertama complex</a>, just 200 metres from the beach.
McGrath Edgecliff agent Simon Exleton sold the home to Schofield, who quickly sought a tenant at $1,500, reflecting a 3.4 percent yield.
Spanning 120 sqm, the apartment has three bedrooms, two bathrooms with a large balcony.
The boutique 10 apartment Pertama building comprises two apartments per floor designed by Marchese Architects.
One of the penthouse's sold for $2.62 million off the plan in 2014.
Schofield has racked up over $50 million in prize money for his owners over his illustrious 16 year career.
His crowning moment came last year when he rode the James Cummings trained outsider Prized Icon to the Group 1 $1.5 million AAMI Victoria Derby victory.
This article first appeared in the Sunday Telegraph.
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Sydney jockey Glyn Schofield buys Tamarama investment

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No one should underestimate how home improvements contribute to Sydney's rising residential prices.
We are going through a renovation boom, with time poor buyers willing to pay extra if the renovation is completed to a high standard.
Rather than undertaking the work themselves, strong demand is being shown by buyers for quality renovations completed, valuers Herron Todd White have advised.
They note the popularity of renovation shows on television, sees more and more people jumping on board.
Channel 7’s The Aussie Property Flippers program recently featured a Tamarama property. The small Fletcher Street two bedroom, one bathroom unit was purchased in early 2016 for $780,000. With a renovation cost of around $80,000, the 58 sq m property sold last December for $1.065 million. 
In Sydney’s CBD a one bedroom, one bathroom unit with car space in a converted heritage Clarence Street building was purchased in early 2016 for $710,000.
After full renovation to a high standard it sold in April for $1.13 million. 
There has been limited flipping within the prestige market but one was in Bellevue Hill where $3.9 million was paid in 2015 and $5.75 million secured recently after what HTW noted was "a good quality cosmetic renovation,. 
Agents says sellers across Sydney who've undertaken very basic renovations are not doing as well as those who undertake more extensive renovations.  
But HTW warn one of the biggest mistakes renovators can make is to over capitalise.
"This is more common in suburbs with lower price points where even minor blowouts in budgets can result in an over capitalisation," their June report advised.
"The best way to ensure this doesn’t occur is look at any examples of the end product that have sold in the local area.
"If sales of renovated properties are within a certain price point it will give you a target and assist your budget to ensure the project will stack up." 
Success was secured at a Smithfield property purchased in original but poor condition in early 2016 for $575,000.
The property was fully renovated, slightly extended and reconfigured to include an additional fourth bedroom and bathroom.
It then sold in March for $860,000.
With the renovation carried out correctly to meet market demand in the area, the success represented a 50 percent value increase in just over 12 months, albeit HTW noted that overall market growth had a big part to play.
The strong market conditions over the past few years has certainly been a major factor in not only the profits made but also lifting the confidence of the people undertaking these renovations. 
There aren't just the flippers of course. 
There have been increased number of frustrated home owners seeking to add value to their current properties rather than upgrading amid the recent price surge and listings shortage.
This article first appeared in the Daily Telegraph.
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jchancellor-FAypfDUnLy

Flipping success across Sydney comes from matching market needs

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Angus Geddes, the founder of investment research publisher and fund manager, Fat Prophets has quietly bought a Tamarama apartment.
He's spent $1.45 million on a three bedroom apartment in the Glenview Court apartment block, which has dominated the hillside for five decades.
It's set to be something of a weekender for Geddes, once the building finally gets its refurbishment overseen by architect Nick Tobias.
Over time McGrath selling agent Simon Exleton has sold more than 10 apartments in the Illawong Avenue block adding he has only had to advertise three given the waiting list to buy into the forlorn looking block.
In 2011 the body corporate gained approval for two penthouses on the eight floor, which when sold for $10 million plus each, are expected to cover the costs of its much-required building upgrade.
When Sydney's most celebrated architect, Harry Seidler, designed Glenview Court in the early 1960s it was a vision of sleek urbanity, with every apartment set to be built over two levels with expansive windows taking advantage of the views over lush parkland to the Pacific Ocean.
But mid-way through construction, the developer ran out of money with Walter Rivkin then buying the project in 1965 but completing the high-rise project at a fraction of the original cost by sacrificing Seidler's design.
Tobias Partners has used Seidler's original drawings for inspiration.
Exleton said everyone is expecting the apartment to have increased in value by between $400,000 and $700,000 each.
Geddes, a Potts Point based stockbroker owns a number of investment properties, but recently advised he didn’t see a lot of value in property at the moment.
"I’m more of a seller than a buyer," he advised.
He owns commercial and residential property investments in Sydney, other states in Australia and New Zealand.
'I apply the same strategies to the property market as I do stocks: it’s a counter-cyclical, contrarian approach.
He invested heavily in commercial property right after the global financial crisis, buying quite a lot of office space in Sydney and then he went heavily into Gold Coast residential property after the property crash.
This article first appeared in the Sunday Telegraph.
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jrobinson-rf4aSBido9

Fund manager Angus Geddes buys Tamarama apartment

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Sydney leads the country not just in home prices, it tops in rents too with Tamarama commanding the highest median rent of $1,725 per week for houses while Dawes Point leads in units with $1,775 pw for units.
Sydney takes all the top 10 spots for highest median rents per week for both houses and units, according to CoreLogic’s Best of the Best 2016 report.
The report’s figures are based on the median across all rental advertisements over the 12 months to September 2016.
<a href="https://www.propertyobserver.com.au/images/2016/12/23/TamaramaTable.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2016/12/23/TamaramaTable.png" alt="">
Property Observer found across a few houses up for rent in Tamarama.
Though at present, we could not find any houses around the median price, here’s two:
A six-bedroom house at <a href="https://www.realestateview.com.au/rental-properties/20-gaerloch-avenue-tamarama-nsw/property-details-rent-residential-10613128/" target="_blank">20 Gaerloch Avenue, Tamarama, NSW 2026</a> (below) is up for rent at $3,200 pw.
The beachfront house is located on Tamarama Beach and overlooks Mackenzies Bay. 
<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/2016/12/23/TamaramaFirst.jpg" alt="">
Another beachfront three-bedroom house on <a href="https://www.rent.com.au/property-house-tamarama-2026-1932842?search_token=41c224798e6d72d289f8581a" target="_blank">Birrell Street, Tamarama, NSW 2026</a> (below) is available for $2,500 per week.
<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/2016/12/23/TamaramaSecond.jpg" alt=""> 
A two-bedroom apartment on Tamarama Beach at <a href="https://www.rent.com.au/property-house-tamarama-2026-2015726?search_token=3121a724df2231da78c36ff3" target="_blank">Wonderland Avenue</a> (main picture) is available to rent for $2,200 p/w.
The fully furnished house has an an entertaining deck with BBQ and al fresco dining.
For units in Dawes Point, the suburb that leads nationally on median rent, Property Observer couldn’t find any apartments that come close to that criteria.
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Tamarama leads all Sydney in highest median rents

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The Tamarama home of former fashion retail pioneer and Ingham Chicken heir Robby Ingham and wife Sarah is back on the market after a collapsed sale.
It was thought to have set a suburb record when it sold in August for close to $14 million, however an expat banker opted not to proceed with the purchase.
Pauline Goodyer at Goodyer Real Estate retains the listing that first went up for sale in April.
It now comes with $14.75 million hopes.
It is a three storey home with five bedrooms and five 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/2016/12/14/Tamarama.jpg" alt="">
The ground floor features a split level design comprising a kitchen, living room and separate dining room. Each zone opens onto a terrace.
The master retreat with ensuite offers floor to ceiling windows that open onto a private ocean facing balcony.
The lower ground level has a 25 metre lap pool with a gym, family room and a self-contained studio apartment.
The oceanfront reserve Gaerloch Avenue property was redundant as the Inghams had built nearby after demolishing a block of six apartments which cost $14.45 million in 2013.
Ingham is a famous name around the Sydney fashion scene.
Ingham and his siblings received an inheritance from the family chicken business, which was sold to the private equity company TPG Capital in 2013.
This article first appeared in the Daily Telegraph
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Fashionista Robby Ingham relists Tamarama record setter with $14.75 million asking price

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A Tamarama Marine Drive, Tamarama building block has been listed by Marco Rossi, chairman and founder of the construction company Built.
There have been <a href="https://www.realestate.com.au/property-house-nsw-tamarama-123910178" target="_blank">$15 million reported expectations</a>.
Rossi bought the property back in 2007 for $11 million through the Blacket Agency, 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 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 <a href="https://wallacecunningham.com/" target="_blank">architect Wallace E. Cunningham</a>.
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Tamarama's trophy home site with plans listed by Built's Marco Rossi

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Richard Norgard, the founder of Jigsaw Capital, and wife, Therese have listed their Tamarama home of 15 years.
The chief executive of the boutique private equity firm had architect William Zuccon designed <a href="https://www.realestate.com.au/property-house-nsw-tamarama-123602862">the Dellview Street house</a>.
There's bespoke joinery throughout the four bedroom, three bathroom house designed by Sally Greenaway.
The home includes a gym, steam room and a swimming pool. There's also a 2500 bottle climate controlled wine cellar.
The buyers' guide for the property is $8.5 million through Pauline Goodyer at Goodyer Real Estate who recently secured the suburb's record sale.
It was when the former fashion retailer Robby Ingham and his wife Sarah sold for shy of $13 million sale for their oceanfront reserve Gaerloch Avenue property.
This article was first published in the Sunday Telegraph.
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William Zuccon-designed Tamarama listing

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Fashion retail pioneer Robby Ingham and his wife Sarah have secured a Tamarama record with a near $14 million sale.
The oceanfront reserve Gaerloch Avenue property tops two $10 million plus sales set on Thompson Street. It included the $11 million acquisition by Marco Rossi, chairman of Built, and his partner Stephanie Stokes in 2008. There was a $10.5 million sale in 2008.
It was sold through Pauline Goodyer at Goodyer Real Estate. There has been no formal price disclosure.
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<div>The Inghams have built nearby having bought another oceanfront reserve, a block of six apartments for $14.45 million in 2013.</div>
 
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Record Tamarama trophy home sale by Robby Ingham

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The recently appointed editor-in-chief of The Australian Women’s Weekly, Kim Doherty (nee Wilson) and her husband, Guardian Australia journalist Ben Doherty secured the pre-auction sale of their Tamarama apartment, as they are trading up in the eastern suburbs.
Listed with an $800,000 to $875,000 guide, Bethwyn Richards of McGrath Estate Agents secured $920,000.
The former editor-in-chief of New Idea - who was also a regular on Sunrise as one of “Kochie’s Angels” - had purchased the Stonehaven apartment in 2007 for $515,000.
She'd undertaken an upgrade of the internal finishes. Its north-facing curved sunroom was converted into a nursery for daughter Molly.
Doherty was named as the new editor-in-chief of AWW in February, taking over from her former boss Helen McCabe.
This article was first published in the Sunday Telegraph.
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