National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more internation and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

Joel Robinson

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

Trophy Sale

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A double block home on Sovereign Islands in Queensland has been sold at $5,625,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-sovereign+islands-118140479" target="_blank">47-49 Knightsbridge Parade West</a>, it is set among trees on its north/west facing holding.
It had sold at $5.2 million in 2012 to a Shanghai-born businessman and previously at $4.26 million in 2009.
It comes with an expansive sun drenched timber deck with Broadwater and Hinterland views.
The Paradise Waters offering was designed with the idea of allowing natural light and Broadwater views through a large expanse of glass and bi-fold doors.
There is a separate entry and an exit gate to the port cochere that offers plenty of car spaces along with two double lock up garages one on either side of the house.
The ground floor offers formal and informal living areas, executive study, massive gym room, powder room and a bar.
The gourmet kitchen has quality appliances, western cedar cabinetry and Italian granite tops.
<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/2016/12/21/Soverign%20Islands-2.jpg" alt="">
There is a resort style pool.
The first level has a retreat area for the kids and three other floor to ceiling marble tiled ensuited bedrooms all with balconies and Broadwater views.
One of the bedrooms also offers small kitchenette.
On the third level there is a grand master suite with a wraparound balcony.
The property was offered by Ray White agent Ali Mian.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Sovereign Islands double block home sold for $5,625,000

<html><body>
A prestigious riverfront Bulimba home in Brisbane has sold.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-bulimba-122215942" target="_blank">Quay Street</a>, the Lungo Il Fiume sits on a 872 square metre block.
It went up earlier this month on websites as having sold, having been offered for June auction when it was passed in.
It is understood to have been bought by the Maccheron medical family.
The six-bedroom, five-bathroom home attracted four bidders seeking the waterfront offering, with bidding starting at the $4 million mark.
With superior design and functionality, the 2006-built home that spans three levels may have fetched more than $5 million. 
There is a sixth bedroom on the ground floor that has its own bathroom.
The property has state of the art appointments and sophisticated finishes.
The gourmet kitchen boasts a butler’s pantry, extensive array of European stainless steel inclusions, large banks of cupboard storage and dedicated wine fridge and wet bar area.
The vast internal living areas promote seamless indoor/outdoor living via banks of glass sliders.
Designed to maximise the views, the flowing entertainer's deck features an outdoor bar and BBQ.
There is a sparkling glass framed swimming pool with a 20 metre lap section which extends out towards the lush green grass and sandy river bank.
<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/2016/12/21/Bulimba-2.jpg" alt="">
A private jetty and second swing mooring for close access to the bay and a sprawling six car basement garage with impressive storage capabilities are also included.
The property was offered by Place agents Sarah and Damian Hackett.
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City-view Bulimba home, the Lungo Il Fiume, sold

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A Hamptons inspired residence at Carrara has been sold.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-carrara-123610686" target="_blank">18 Maryland Avenue</a>, the property is positioned north along the main river. The exclusive Hamptons region of Long Island, New York is renowned for its luxurious estates.
At the centre of the home is the gourmet Calcatta marble island kitchen and butlers' pantry. This includes integrated fridges, steam oven, induction microwave, gas cooktop and soft-close cabinetry.
A slide glass door spans the adjacent lounge area with full bar and study that invites an effortless flow out to the expansive entertainment patio overlooking the swimming pool and riverfront.
There are also numerous living and dining spaces, both formal and casual, along with a gym room and separate self-contained guest house.
The king-sized master bedroom is on the upper level and features an ensuite with bath, multiple rainfall showers, generous walk-in wardrobe and private balcony with panoramic views to Surfers Paradise.
<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/2016/12/20/Carrara-2.jpg" alt="">
Two of the remaining three bedrooms have their own ensuite.
Additional features include secure garaging for six cars, outdoor surround sound and heating system, alarm, intercom, boat ramp with electric winch, remote front gating, and large storage shed or workshop are also featured at the property in a cul-de-sac only minutes to Pacific Fair shopping centre and M1 motorway.
The property was offered by Kollosche Prestige Agents agents Michael Kollosche and Jordan Williams.
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Hamptons-inspired riverfront Carrara residence sold

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A newly built Rye home has been sold after just three weeks on the market.
<a href="https://www.realestate.com.au/sold/property-house-vic-rye-124029558" target="_blank">The 30 square offering</a> was a bespoke residence on a private 1,280sq m block with a Moonah forest backdrop.
The single level home sits on a 1275 sq m block that cost $333,000 in mid-2015.
The design plans were prepared by Mark Dixon for the Stepic family syndicate.
There is a glimpse of the South Channel marker along with the Melbourne city skyline to the North.
<img src="/images/2016/12/18/Rye-2.jpg" alt="">
The Tyrone foreshore and Whitecliffs beaches are close along with Blairgowrie village.
It came from the <a href="https://www.moonahblue.com/9-iolanda/" target="_blank">moonahblue</a> portfolio which includes other Rye new-builds for sale as well as the historic TB guest biscuit factory conversion in West Melbourne.
It had been architecturally designed to focus on modern space preferences, with living and master areas wrapping around a central alfresco deck which overlooks the pool.
It came with three bathrooms, including master ensuite.
<img src="/images/2016/12/18/Rye-3.jpg" alt="">
The property sold through Martin Huntley and Josh Callaghan at Fletchers Mornington Peninsula.
The street's last sale was 2a which fetched $655,000 through Ray White. The street's highest prior sale was $810,000 in 2010.
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Rye house sells at $1.19 million after just three weeks

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A Geoffrey Pie designed waterfront on Cronin Island listed for sale for the first time in 45 years has been sold for around $3.51 million.
It was the first ever block sold on Cronin Island in Surfers Paradise when bought by the Stephenson family. 
The <a href="https://www.realestate.com.au/property-house-qld-surfers+paradise-124044942" target="_blank">three bedroom home</a> plus office on 771 sqm offers 20 metre water frontage with a jetty and deep water mooring.
A sunken formal lounge and dining area enjoy scenic wide water views, as do the waterfront saltwater swimming pool and deck.
<img src="/images/2016/12/13/22%20Southern%20Cross%20Drive.jpg" alt="">
There's a central garden courtyard with fish ponds and lush gardens for alfresco dining.
Ray White Surfers Paradise agents Sam and Julia Kuo secured the sale.
This article was first published in the Weekend Australian Mansion Australia property section.
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Geoffrey Pie-designed Cronin Island, Surfers Paradise trophy home sold

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A Noosa Heads property with panoramic views of surrounding waterways has been listed for sale at $4.5 million.
<a href="https://www.realestate.com.au/property-unit-qld-noosa+heads-124189262" target="_blank">The Riverlight penthouse</a> is located on 492 square metres of land at 19/8 Serenity Close.
Part of the award-winning Settlers Cove, the property was designed as a private retreat and features a roof terrace and three sheltered terraces as well as a wine cave.
The house also includes Tavertine bathrooms, a media room with projection screen and private lift access. 
<img src="/images/2016/12/13/Noosa%20Heads.jpg" alt="">
The three-bedroom, three-bathroom penthouse apartment is pet-friendly and includes access to a gymnasium, lap pool, beach pool, spa and jetty with on-call water taxi. 
The property is offered by Julie Bengtsson and Tom Offermann at Tom Offermann Real Estate.
The median unit price in Noosa Heads is $630,000 according to CoreLogic RP Data.
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Noosa's Riverlight penthouse listed for sale

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Cricketers Mitchell Starc and wife, Alyssa Healy have sold their Mosman home after they bought the North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.
The luxury new build at North Curl Curl home cost the 26 year old Baulkham Hills-born fast bowler a bullish $5,235,000.
Starc secured around $5.85 million for the property in Mosman which was bought for $4.55 million back in 2014. 
<a href="https://www.realestate.com.au/property-house-nsw-mosman-124151974" target="_blank">It had been listed</a> for December 10 auction. 
Set at the end of the Botanic Road cul-de-sac, the five-bedroom property includes a dramatic entry with soaring ceilings.
This article appeared in the Saturday Daily Telegraph.
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Mitchell Starc gets an early buyer 

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An estate on Canberra’s Golden Mile Red Hill is up for sale. It last sold a decade ago at $3.65 million.
Located at <a href="https://www.realestate.com.au/property-124090518">18 Mugga Way</a>, the property dates back the 1920s and 30s as a popular venue for tennis parties.
It is a 5244 sqm property with the house designed by celebrated architect Kenneth Oliphant and Oakley Parkes &amp; Partners.
The house offers a reception hall, a richly detailed lounge and dining rooms both with open fireplaces.
The beautifully designed, light and bright kitchen leads to a spacious meal and family rooms with a substantial games room with sunny aspect.
There is also an elegant study of classical proportions.
It comes with a master suite and an additional four bedrooms and three bathrooms.
The garden includes English Oak, Liquid Amber, Atlantic Cedar and a sensational weeping cherry. Ornamental walnut and additional native species
The property is secured with an electronic security gate with a sweeping circular drive lined with Evergreen Alders to its four car garage.
The property is offered by Berkely Residential agent Bill Lyristakis.
It features a swimming pool with diving board and full-size tennis court.
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Red Hill estate on Canberra's Golden Mile listed

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The former Stockland Group CEO Matthew Quinn and wife Julie have snappily sold their Kirribilli waterfront. 
McGrath Neutral Bay agent Nigel Mukhi had set a December 3 auction date with a price guide of $6 million to $6.6 million.
The couple restored the<a href="https://www.realestate.com.au/property-house-nsw-kirribilli-124076478" target="_blank"> four level terrace</a> since paying $4 million in 2012.
A French provincial kitchen that opens to a rear terrace that offers uninterrupted harbour and Opera House views.
There are four bedrooms, five bathrooms, a teen retreat and a wine cellar.
Now at Marshall Investments, Quinn retired from Stockland Group in 2012 as one of the longest-serving chief executives in the property sector.
This article appeared in the Sunday Telegraph.
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Matthew Quinn sells in Kirribilli in quick time

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An 1860 bluestone settlers cottage at Mount Torrens has been sold for $605,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+torrens-122367606" target="_blank">12 Sinkinson Road</a>, the property features two large bedrooms with French doors to the gardens.
It also has its original stringy bark floors and high raked ceilings to the cosy lounge with its fireplace.
Other highlights include a large renovated kitchen with stainless appliances and adjoining meals area with large open fireplace.
The bathrooms has been renovated to be spacious and features an exposed stone feature wall, Red Gum vanity, large glass shower alcove ad corner spa bath.
It also has a large cellar for wine storage.
Situated on 4.8 acres with two titles, the 10 well fenced paddocks the are suitable for horses, Alpacas or wide variety of other livestock.
Mature Elm, pear and apple trees also dot the beautiful landscaped grounds with winter creek and mature rose gardens.
The property is close to Mount Torrens township, Lobethal and within easy reach of Adelaide and the Barossa Valley.
The property was offered by Harcourts agents Paul McWilliam and Marie McWilliam.
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