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

Joel Robinson

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

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

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

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 international 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]

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

Trophy Sale

<html><body>
The former Kew home of the longest serving prime minister Sir Robert Menzies has been snapped up pre-auction having been listed with $4.5 million hopes. 
<a href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-74-Charles-Street-Kew/376402">Talgai, the 1890s property on leafy Charles Street</a>, played home to the Menzies family in the early 1920's.  
Their time in the five bedroom, three bathroom property was brief however as by 1924 the family had moved into their newly built Grange Road, Culdares, a reference to the eponymous Scottish seat of the Menzies clan.  
Jellis Craig agents Campbell Ward and Richard Winneke secured the sale of Talgai which last sold in 1985 for $322,000 when bought by the Curtin family.  
The property, which was rented from the printer and engraver, Charles Shugg, was where Bob and Pattie's second son, Robert was born. 
Winneke has also sold other Melbourne houses lived in by Menzies – in nearby Howard Street and in Reid Street in Balwyn. 
After his 1966 retirement, Sir Robert and Dame Patti Menzies famously lived at Haverbrack Avenue, Malvern. Witty Menzies dubbed Haverbrack Avenue "have a look avenue" on taking up residence.
This article was first published in the Weekend Australian Mansion Australia property section.
</body></html>

jchancellor-FAypfDUnLy

 Former Kew home of Sir Robert Menzies sold pre-auction

<html><body>
Martinsell, the stately Barossa country estate owned by the Downer political dynasty family has been sold to Peter and Marijan Bulley.
The property had been in the family since 1974, sometimes referred to as Downer Manor.
It was the home of Downer's late parents Lady Mary and Sir Alick and sold following Lady Mary's sudden death in 2014.
Sir Alick died in 1981.
Oren Klemich of Klemich Real Estate secured the $1.9 million sale after having expectations of around $2 million.
The 1901 home, one of the Barossa's grandest abodes comes with 4.85 hectares of sauvignon blanc grapes, which are contracted to Grant Burge Wines.
There's also a chicken run, an old apple packing shed with red gum timber beams and a shearing shed.
Alexander Downer and wife Nicola live in London where he is our High Commissioner.
The Downers last year sold their Mount George family home to move to London.
For Mr Downer, his appointment as Australian High Commissioner to the United Kingdom in March last year was a homecoming, of sorts.
He lived in the official residence — Kensington’s Stoke Lodge — when his father, Sir Alick Downer, was High Commissioner from 1964 to 1972.
This article was first published in the Weekend Australian's Mansion Australia section.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Downer family sell Barossa estate Martinsell

<html><body>
Cloyne, the most glamourous of 1920s Toorak residences, has been sold again.
This time its been bought by emerging childcare centre entreprenuer, Darren Misquitta. He co-founded Oxanda Education whose program focusses on music, movement, creative play, social development and physical fitness. 
It's a home which can only be described as tempered eclecticism along with Karina, wife, and their two young children, who have been living at a classy Altona home.
The five bedroom, five bathroom Harold Desbrowe-Annear-designed house, with prominent port corchere on its Toorak Road frontage, last sold at $3.8 million in 2014 to a Chinese businessman and before that in 2011 at $3.5 million. No price has emerged yet after the Sotheby's International sale. 
Cloyne has a fascinating past after being built for Louis Nelken, reputedly a former Royal family butler, who married into the establishment Baillieu family. 
They finally left Cloyne with a swell party in 1955 attended by establishment families, Baillieu, Hordern, Myer, Manifold, Chirnside and even the Dekyvere's from Sydney.
The swinging 1960s then saw Coyne owned by the flamboyant playboy Don Busch. The tycoon, but inexperienced pilot, died in 1970 in a Mustang plane crash at Bendigo in country Victoria.
It sold in 1971 for $145,000 to Toorak hotelier William Drever.
Long describe as one of the most architecturally significant buildings in Melbourne, Sothebys agent Greg Herman it was "truly a Melbourne landmark".
Comprising grand entrance, formal sitting room, informal sitting/dining room and kitchen, they open north via French doors to the swimming pool and cabana.
There is a paneled study, ballroom and private guest quarters.
Cloyne comes with a jewel-like quality with a Venetian window motif.
Misquitta was best known as Killara Resources Limited's Indonesian based executive director.
He studied extensively through Europe, working closely with major financial institutions on risk management policies and international finance. He has also spent time in China studying Chinese commercial law.
This article was first published in the Weekend Australian's Mansion Australia section.
</body></html>

firstname1-iYD4UYzvBa

1920s Toorak trophy Cloyne sold

<html><body>
A Glebe property with a fascinatingly disturbing past went to weekend auction without initial success.
However the 1833 Georgian <a href="https://www.realestate.com.au/property-house-nsw-glebe-122459534" target="_blank">Regency villa, Lyndhurst</a> in Glebe which had $7 million plus hopes sold soon afterwards.
It was the home designed by esteemed architect John Verge as a marine villa for the colonial surgeon James Bowman, the husband of the iconic pastoralist John Macarthur's daughter, Mary. 
Lyndhurst colourful history saw it briefly as the headquarters of an Australian neo-Nazi party in the late 1960s.
Regarded as one of the inner Sydney’s most historically significant homes, it last sold at $3.3 million in 2005 to stockbroker Tim Eustace and his partner Salvatore Panui.
Eustace and Panui are bound for Darlinghurst, where they bought another historic inner city landmark, Iona, for $16 million from entertainment industry couple Baz Luhrmann and Catherine Martin.
The top result under the auction hammer of the weekend was in Strathfield, in Sydney's inner west where Dr Vipin Goyal sold his seven-bedroom home for $6.83 million through Devine Real Estate.
</body></html>

Lyndhurst, Glebe finds $7 million plus buyer

<html><body>
The mystery buyer of former ANZ banker Steve Bellotti's Palm Beach retreat are fellow Mosman residents, Kellie and Stew Bailey.
The bullish beachfront price has been revealed at $12.3 million.
Stew Bailey is best known having sold The Bailey Group, co-founded with his brother Matt, to the Photon Group for $36.8 million in 2004. He remained at Photon as managing director of the field marketing division. 
Bellotti and Bailey reputedly did the deal over dinner.
Bellotti, ANZ’s then managing director of global markets, had paid $8.4 million in 2011 to dentist Graham O'Neil for the 558-square-metre holding with an architect-designed two-storey, five-bedroom beach house complete with boat and watercraft storage area with hydraulic floor lift.
It ranks among the few Iluka Road properties with title to the high-water mark, whereas the other properties are mostly reserve frontage overlooking Pittwater.
Its latest sale ranks as the second highest sale on Iluka Road, still some way short of the $15 million street record set when Uncle Toby's founder, Doug Shear bought Anakela from the late grocer tycoon Jim Fleming and his widow Angela in 2007.
The highest sale in the interim was when AC/DC founding member Malcolm Young and his wife O'Linda spent $10 million in 2014.
Round on the oceanside, the Toohey hotelier family have finally sold their longtime Palm Beach weekender, Tigh na Mana.
It has been in the family for more than five decades, selling at a little less than its $3.95 million revised asking price through Christie's International.
Tigh na Mara, one of only 20 properties fronting Ocean Road, last traded for £19,000 in the early 1960s.
The family patriarch Vincent James Toohey - who built the original Time and Tide Hotel in Dee Why - secured 15 Ocean Road with his wife Irene.
The beach house on 900 square metres is directly opposite the sand.
More than $4.9 million had been initially sought. 
It was 1981 when the late Kerry Packer broke through the suburb's million-dollar threshold with his $1 million purchase from the MacCormick family. 
His daughter, Australia's newest billionaire Gretel Packer secured the Palm Beach retreat in the recent settlement that divvied up the assets from the family's vast fortune.
The bungalow on its well-shaded 4000 sqm beachfront reserve holding was transferred recently with a notional $24 million value.
</body></html>

Bellotti buyer revealed

<html><body>
The 26 Vaucluse Road, Vaucluse offering has been snappily sold given a lack of high-end real estate for sale in eastern Sydney.
Goldman Sachs executive director David Nolan and his wife Anita secured a bullish $12.5 million.
The weekend saw<a href="https://www.domain.com.au/news/latest-buyer-of-paddingtons-1185m-landmark-windsor-castle-lists-in-vaucluse-20160421-gobrj5/" target="_blank"> their Vaucluse residence</a> sell only a week after the historic Tudor style home was listed with $11 million to $12 million through McGrath agent Will Manning and Ben Collier.
The Nolans bought it for $4.6 million in 2002.
They are off to the $11.85 million landmark former Windsor Castle hotel.
</body></html>

$12.5 million Vaucluse sale in a week

<html><body>
A modernist Russell Jack-designed four-bedroom house at St Ives has been sold for the first time.
The <a href="https://www.realestate.com.au/property-house-nsw-st+ives-122145106" target="_blank">107 Hunter Ave</a> offering sold before auction for $1,452,000 through James Levy at Savills Cordeau Marshall, St Ives.
It was snapped up with two weeks.
It all all the original fittings from 1967 being a deceased estate of the Waterhouse family.
It was the first sale of the house which has architectural significance. The buyers' guidance was $1.25 million.
Russell Jack, a well-known modernist architect, designed the home with flat roof.
Russell Jack studied architecture and town planning in the late 1940s after returning from service in the Royal Australian Air Force.
Like many young Australian architects in the 1950s, Jack travelled around the UK and Europe looking at buildings.
After returning to Sydney in 1954, he set up practice with John Allen, and Keith Cottier joined them the following year. The firm became Allen Jack + Cottier in 1965.
The Jack House, designed by Russell and his wife, Pamela as their won family home, won the Sulman Award in 1956. 
His adaptation of modernist principles, which became known as the Sydney School, saw his often take advantage of bush settings.
This article was first published in the Sunday Telegraph.
</body></html>

Russell Jack St Ives, Sydney trophy sold

<html><body>
The Vestey home on the harbour at Kirribilli fetched $10.22 million when auctioned yesterday.
There were four bidders for one of the handful of freestanding homes with absolute waterfrontage in the lower north shore suburb.
It sold under the auction hammer after 49 years ownership having last traded at $66,000. 
The classic, but tired 1930s estate at <a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Lower/Kirribilli/House/8P3062-19-elamang-avenue-kirribilli-nsw-2061" target="_blank">19 Elamang Ave</a>, was knocked down to the bidder with the luck 8 bidding registration card, Michael and Louise Tang, who operate supermarkets in Papua New Guinea.
The couple, who own nearby, were the last to enter the bidding contest, at just over $10 million.
There had been a $7 million opening offer, and with a slow start the bidding flew once car dealer John Newell entered the fray at $7.6 million. Newell had been the last to lodge his bidding registration with what proved to be his unlucky bidding card, 1904.
Announced as on the market at $9.6 million, the 765 sqm property was offered following the death last October of Joyce Strong, née Vestey. 
She was the mother of the notorious Michael Telling, who died in 2010, and the grandmother of the 37 year old, Matthew. 
She was the daughter of the Hon Leonard Vestey, 1888-1954, the third son of 1st Baron Vestey. The Vestey family became one of the biggest butchery families in the world, built on the merits of cold-storage shipping. William, the first Lord Vestey, and his brother, Edmund set up an integrated business raising and killing their cattle on the cheap land in Australia and Latin America and shipping meat to Britain, where they developed a chain of butcher shops.
Dr Thomas Hugh Strong, her second husband, was with the United Nations food and agricultural organisation.
The property had been listed with a price guide of $9 million to $9.5 million through Belle Property agents Mark Jackson and Matthew Smythe. 
The last freestanding home on the Kirribilli strip traded nine years ago when money media personality Paul Clitheroe paid $7.75 million. 
</body></html>

Vestey Kirribilli trophy home on the harbour sells above $10 million

<html><body>
Cosmetic surgeon, and Sydney to Hobart competitor, Dr Darryl Hodgkinson and wife Katherine have finally sold their Darling Point home.
The five level 1890's Queen Anne style home has been restored and renovated featuring balconies which overlook the heated pool to the City and the Sydney harbour.
The property sold through Sotheby's Double Bay agent Walter Antonelli.
It's tipped that the listing fetched $10 million plus.
It was a busy time for Darling Point after fund manager Charlie Aitken and wife Ellie secured around $10.5 million elsewhere on the peninsula through Ray White agents Richard Carwin and Elliot Placks.
They bought the four bedroom villa for $6.95 million in 2008.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Cosmetic surgeon Darryl Hodgkinson sells Darling Point home

<html><body>
The Vaucluse home of Amelia Maribondo-Aspden, better know as the woman who brought the Havianas thong to Australia, has been sold.
The four bedroom Old South Head property had only been on the market for 20 days when sold through D'Leanne Lewis of Laing + Simmons Double Bay.
The upper level of the Vaucluse home offers harbour views towards Manly.
The swimming pool and alfresco dining area are surrounded by gardens at the 835 sqm property bought for $2.725 million in 2007.
She's bought in Double Bay for $4.97 million.
The Brazilian-born businesswoman has bought in Double Bay for $4.97 million.
This article was first published 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