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

<html><body>
A Hamilton Hill home sold for $5,385,000 at its recent auction, $1,265,000 over its reserve.
Built in 2011, the imposing five bedroom, five bathroom home on 607 sqm is set against a backdrop of panoramic river views and the city skyline.
The <a href="https://www.raywhite.com/qld/hamilton/1556823/?lang=en" target="_blank">four level home </a>with lift access to all levels features a number of private terraces, a self-contained guest wing, home theatre, swimming pool and rooftop terrace.
The home came with a reserve price of $4.1 million through Ray White Ascot agent Damon Warat.
It last traded for $2 million in 2008, before the house was built.
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Hamilton Hill home smashes reserve by $1.2 million

<html><body>
A three bedroom home at North Manly is for auction with its $1.6 million hopes now adjusted to $1.5 million.
Located at <a href="https://stonerealestate.agentboxcrm.com.au/100P4695" target="_blank">2 Ankali Place</a> the Opdetjerp, with its name etched onto a sign, has an open plan central living/dining that is handsomely divided by an atomic-style fireplace.
It also has a lock up garage with internal access, plus gated off-street parking for two cars.
It has separate lounge plus a rumpus/retreat downstairs and two glass enclosed sunrooms.
The kitchen is spacious and highly functional with walk-in pantry and breakfast bar.
The master bedroom is generously spacious with a walk-in robe, ensuite and north facing balcony.
The leafy terraced gardens has a covered BBQ area along with fruit trees and fish pond.
The auction is December 10 through Stone Real Estate agents James Hawley and John Hall.
</body></html>

North Manly home, the Opdetjerp, for auction

<html><body>
Rotha, a 1910 home at Camberwell was among the handful across Melbourne that sold for more than $4 million at weekend auction. 
The <a href="https://www.domain.com.au/95-broadway-camberwell-vic-3124-2013164195" target="_blank">Camberwell</a> home sold at weekend auction for more than $700,000 over reserve. It was last sold in the 1920s.
Three bidders competed for the four bedroom home on 1070 sq m after the Jellis Craig auctioneer Richard Earle kicked the auction off with a $2.8 million vendor bid. 
The house at 95 Broadway with Art Nouveau leadlight entry was announced on the market at $3.3 million.
It sold for $4,020,000. 
The other sales around Melbourne last weekend included:
<table class="table table-striped"><tbody>
<tr>
<td>14 Kingsley St ELWOOD</td>
<td>$4,750,000</td>
</tr>
<tr>
<td>23 Irving Av BOX HILL</td>
<td>$4,500,000</td>
</tr>
<tr>
<td>12 Patterson St MIDDLE PARK</td>
<td>$4,175,000</td>
</tr>
<tr>
<td>17 Bell St FITZROY</td>
<td>$4,011,000</td>
</tr>
</tbody></table>
</body></html>

jchancellor-FAypfDUnLy

Rotha on Broadway, Camberwell home sells at $4.02 million

<html><body>
A $3.75 million sale of a Victorian home in need of renovation was secured earlier this month at 22 Chrystobel Crescent, Hawthorn.
The 1888 house, on a substantial 830 square metre block, fecthed around $450,000 over reserve.
The Marshall White auction attracted interest from five bidders.
One buyers agent advised the property, located in the coveted Grace Park Estate, got the big price despite having the downsides of being south-facing and being on a slope.
</body></html>

No downside as Hawthorn home on a slope sells for $3.75m

<html><body>
Chinese businessman and keen yachtie Wilson Lee and his wife Baoyu Wu have emerged as the buyers of the Bellevue Hill trophy Leura home.
Located on <a href="https://www.raywhite.com/nsw/bellevue-hill/1345342/?lang=en">Victoria Road</a>, it sold for $30.8 million a year ago on delayed settlement terms through Ray White Double Bay’s Michael Finger.
The property was built for the Knox family in the 1890s.
It was last traded in 1986 to Ken and Christine Allen for $7.3 million after its restoration by property developer Bill Shipton.
Lee is chief of Noah Group, a Chinese wealth manager, however locally he is well known for his super yacth Ark 323.
It came from Shanghai’s Noah Sailing Club last year as the first all-Chinese crew to compete in the Sydney to Hobart Yacht Race.
</body></html>

Leura, Bellevue Hill trophy home sold for $30.8 million

<html><body>
The buyer of The Edge, the award winning Port Douglas trophy home designed by Charles Wright, has emerged as Professor Charles Mackay.
The chief scientific officer at Pfizer in Massachusetts paid $4.85 million for the home after its price was adjusted to $5 million through Barbara Wolveridge at Raine &amp; Horne Port Douglas Mossman.
Mackay retains a home in Sydney's Vaucluse.
It initially came with $7.4 million hopes upon its May 2015 listing.
Floating off the side of Flagstaff Hill, the 555 square metre home with wet edge pool is designed like an outdoor shell with a cantilevered roof.
The two bedroom home won the far North Queensland Eddie Oribin Award for building of the year at the 2015 AIA Architecture Awards.
It was built for the late Sydney industrialist Peter Graham and wife Claire.
This article first appeared in The Weekend Australian.
</body></html>

The Edge, Port Douglas mystery buyer revealed

<html><body>
A charming Victorian home in Brunswick sold at weekend auction.
The double storey <a href="https://www.realestate.com.au/property-house-vic-brunswick-123942114">222 Barkly Street property </a>fetched $2.5 million under the hammer.
It last sold at $83,500 in 1981.
Jellis Craig selling agent Lisa Roberts said the five bedroom house drew just the two bidders, both young families.
A local Brunswick family secured the house, with 266 square metres living space, according to the Herald Sun.
Roberts said they were keen on its position in the Princes Hill High School zone, where the home’s previous owners of 35 years had also sent their children.
</body></html>

Brunswick trophy home sold at $2.5 million

<html><body>
A Yarralumla mansion - with pool and tennis court on a 2286 sqm block - sold for $5,475,000 at auction on Sunday.
The initial price guidance had <a href="https://www.realestate.com.au/sold/property-house-act-yarralumla-123949462" target="_blank">been $3.8 million plus</a>. Property Observer gathers the block had cost $750,000 in 2001 with the 580 sqm home built around 2005.
Peter Blackshaw Real Estate agent Mario Sanfrancesco secured the sale of the five-bedroom, four-bathroom residence near Lake Burley Griffin which was bought by a Canberra family.
The sale of 12 Hunter Street is the territory’s third-highest house sale, behind two properties on the exclusive Mugga Way in Red Hill.
But the sale is the highest under the auction hammer exceeding a sale set in June at $3.95 million at 16 Brown Street, Yarralumla. There was an earlier auction record in 2014 when a home at Mugga Way in Red Hill sold for $3.4 million.
Canberra’s highest residential sale was when at 27 Mugga Way in Red Hill sold for $7.3 million in 2010, which was closely challenged by 20 Mugga Way which sold for $7.2 million in 2014.
Hunter Street's most recent sale was when the former ACT Brumbies captain Stephen Moore sold his Canberra family home.
</body></html>

Yarralumla's record auction sale on Hunter Street

<html><body>
Altona, the quietened former Sydney harbourfront party home in Point Piper, has new owners. 
No price disclosure but <a href="https://www.realestate.com.au/property/54-wunulla-rd-point-piper-nsw-2027" target="_blank">Altona</a> was offered as likely to fetch $60 million plus, so the sale fell short of the Sydney record set when the casino tycoon James Packer secured $70 million at Vaucluse last year.
The low-key vendors, the Wang family had bought the prized harbourfront home for $52 million in 2013, so with few only minor renovations have made a handy profit.
Late this week the Huang family placed a caveat on the property's title following their purchase. It is understood they live in Hunters Hill.
Its sale negotiations concluded quickly as there was no requirement for Foreign Investment Review Board approval by the resident Australians.
The iconic Victorian Italianate home sits on a 2400 sq m holding after a proposed subdivision sale of the vacant $18 million tennis court block did not proceed after neighbourhood objections. 
The previous owners include Deke Miskin, a former teenage magazine publishing industry entreprenuer, and his wife Eve who hosted many social events as did the Handbury family during their tenure.
A who's who have thought about owning it including actor Russell Crowe who looked at buying it too in 2007 as did the Lowy shopping centre family. 
The harbourside home is on Wunulla Road, just a few doors along from the home of the Prime Minister Malcolm Turnbull and wife, Lucy.
Altona was listed with it limited web marketing in June this year through Rosaline Ho of Goldfield &amp; Co with more than 10 potential buyers eventually shown through the iconic home with Dods &amp; Zuccon Architects re-design.
Sydney's priciest trophy home sale remains the $70 million secured last year by James and Erica Packer through Christie's International agent Ken Jacobs when it was sold to longtime Hunters Hill owner and Chinese billionaire Dr Chau Chak Wing. 
The whisper quiet Altona sale reduces the options to buy impressive eastern suburb waterfronts by one.
As spring listings turn into summer offerings, agents still have Berthong and Boomerang at Elizabeth Bay and Elaine at Double Bay for sale.
The prestige inland offerings include Rona at Bellevue Hill.
There's a raft of houses sitting in equal third place.
The magnificent European-style Villa Igiea was sold for a confirmed $52 million by entrepreneurial expat Dr Wayne Burt in the final hours of 2015 across international time zones. 
The hillside mansion, inspired by a villa in Palermo, Sicily, dates back to the 1920s when built for the Grace retailing family. It has become one of Sydney’s leading short-term luxury rentals, currently occupied by Texan billionaire Jim Clark and his model wife Kristy Hinze-Clark as their Sydney to Hobart race-winning bolthole.
The sale was $47 million for the house and $5 million for the adjoining property.
The bullish Villa Igiea price was secured by Ken Jacobs at Christie’s International and Brad Pillinger at Pillinger Properties, who has had a hand in the 2200sqm property’s sale three times. 
Altona had previously sold at $52 million three years ago, through Alison Coopes, who was back as a listing agent this time.
Also at $52 million, Andrew and Andrea Banks sold Villa Veneto for a reported $52 million, in 2010 to dental entrepreneur David Penn and his wife Linda Mueller, a Lowes Manhattan heiress, who had made their initial inspection two years earlier.
Sold through Bill Malouf, the five-storey Italianate villa was designed by Michael Suttor, with interiors by Michael Love, and was completed in 2004 having cost about $15 million to build. 
In fifth place, the 2008 expatriate foreign exchange dealer Ivan Ritossa paid $45 million for his beachfront  Vaucluse residence via agent Bill Bridges.
Actor Russell Crowe had inspected the house twice but passed when it was listed by late Allco boss David Coe. 
He had bought it in 1998 for $14.63 million after the death of Sir Alexis Albert, of the Boomerang music songbook family, who built it in 1936.
The Queen popped in for afternoon tea on her 1954 visit.
This article first appeared in the Saturday Daily Telegraph.
</body></html>

Point Piper's Altona sails into second place with $60 million sale to Huang family

<html><body>
Contemporary artistic couple Marc and Gillie Schattner have secured a quick flip on their Bellevue Hill home.
They paid $3.9 million for the three level home just 11 months ago. It sold short of its initial $6.5 million price guidance, but higher than its $5.69 million rejected offer.
The recently refurbished Mediteranean-style family home on 956 sqm on Suttie Road has five bedrooms.
Gillie and Marc are famous for their contemporary art which is scattered through the home. 
They often enter work into Sculptures by the Sea with 'Shandu the buried Rhino' a popular choice for onlookers this year. 
This article first appeared in the Saturday Daily Telegraph.
</body></html>

Trophy Sale

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Trophy Sale

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News