<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

Joel Robinson

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

A first-of-its-kind culinary precinct is coming to <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>, inspired by global street-food flavours and best-in-class restaurants and entertainment.

Deicorp’s emerging mid-city precinct, <a href="https://www.apartments.com.au/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, will become the go-to precinct within the wider Melrose Park community, and at its heart, a first-of-its-kind culinary precinct that brings the buzz of Asia’s most iconic food streets to life.

Spanning more than 4,700 sqm, Melrose Central street food precinct is inspired by the energy and vibrant flavours of street-food neighbourhoods from Hong Kong and Tokyo to Seoul and Singapore.

This new destination will be over three times the size of existing offerings like Burwood Chinatown or Westfield Chatswood’s Hawker Lane, positioning Melrose Central as a must-visit dining hub for all of Sydney.

[smartcode_project:default project_id=134220 project_image_fid=289878]

Designed by Anthony Ho of Basalt Studio, this street food concept blurs the lines between culinary theatre, art, and entertainment, offering an immersive experience. Neon-lit laneways thread between open kitchens and live grill stations, while murals, interactive displays, and light installations will bring the precinct to life, trading until late, a first for the area.

“We’ve imagined our street food concept as a graduated evolution of everything people love about Burwood Chinatown, East Village and Regent Place, elevated by the immersive artistry creating a city-style dining offer,” said Bilinda Turner, Head of Retail at Deicorp.

“By curating the very best tenants from across Australia, we’re creating a fit-for-purpose town centre for 2025 and beyond. It’s something that people truly haven’t seen before."

[smartcode_project:default project_id=134220 project_image_fid=352610]

Melrose Central is far more than a food precinct. Spanning 30,000 sqm across four levels, the shopping centre will be home to approximately 100 retailers, providing a total lifestyle offering from morning until late evening.

Fresh food offerings span a brand new Coles Supermarket, Local Grocer, Korean Supermarket, Bakery and boutique fresh food, as well as a Dan Murphy's, while health needs are covered from a pharmacy, medical centre and allied health. Fitness and wellbeing take centre stage from a dedicated wellbeing hub that includes pilates, recovery, Infrared saunas and a gym, to name a few.

Variety stores will feature throughout, as well as personal care offerings from nail salons to hairdressers, as well as a dedicated early-learning centre on level 1.

[smartcode_project:default project_id=134220 project_image_fid=289888]

Situated above the retail precinct will be 495 Turner Studio-designed apartments that open onto 6,000 sqm of lush podium gardens and rooftop terraces.

Located just six kilometres east of Parramatta’s CBD and 15km from Sydney CBD, Melrose Central forms the retail and lifestyle heart of Melrose Park, an urban-renewal precinct that is set to deliver more than 11,000 homes, 22,000 new residents, and 50,000 sqm of park and open space.

A dedicated stop on Parramatta Light Rail Stage 2 will arrive at the precinct’s Hope Street entrance, and the forthcoming Parramatta Gateway Bridge will link directly to Sydney Olympic Park and Wentworth Point.&nbsp;

Supported by a 10-minute drive, this growing catchment of 200,000 people, which is projected to grow to 279,000 by 2026, and an average household income above the Greater Sydney average, Melrose Central embodies Deicorp’s vision for transport-oriented, community-focused placemaking.&nbsp;

Melrose Central street food precinct and the wider Melrose Central retail town centre are both slated to open in mid-2026.

[smartcode_project_cta:default project_id=134220]

Melrose Central: First-of-its-kind culinary precinct coming to Sydney’s West

<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> has unveiled the fifth and final stage of its $1 billion Norwest community, The Orchards.

The final stage, <a href="https://www.apartments.com.au/new-apartments/zeste-at-the-orchards-norwest-104-fairway-drive-norwest-nsw-2153">Zeste</a>, will deliver 209 apartments across two distinctive buildings, Essence and Eden. The 135 apartments in Essence will be the first to be released to the market, which will bring to an end the decade-long vision to create a&nbsp;neighbourhood defined by design excellence, sustainability, and community engagement.

&nbsp;

&nbsp;

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=351878]

David Lee, Sales Manager at Sekisui House Australia said, Zeste's oversized living spaces and diverse apartment mix, which includes the introduction of&nbsp;Breezeway Sky Homes for the first time, deliver a unique lifestyle offering.

Early purchasers will benefit from exclusive VIP pricing as well as the choice of one premium upgrade, which Lee says is a "thank you" for their commitment to the project.

[smartcode_project:default project_id=150510 project_image_fid=351876]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, Zeste embodies Sekisui House’s global design philosophy of creating harmony between people, homes and nature. Principal Ben Pomroy explained that Zeste is about living within the landscape.

“With two large courtyards, the lagoon pool precinct for the wider community and a central courtyard with pavilion exclusively for Zeste residents, the architecture frames an experience of living in a park," Pomroy said.

“Over 50 per cent of the site is landscaped, ensuring a deep connection to nature at every stage of daily life. The buildings are designed as a collection of smaller, finer-grain forms, with over 85% of apartments enjoying dual aspects.

“The focus on natural ventilation, generous layouts and communal interaction creates a residential environment that is both sustainable and socially connected.”

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=351886]

Natalie Shalala, a member of Rothelowman’s interiors team said they reimagined the former site’s Orchard homestead with a contemporary twist. &nbsp;

“The design draws on the nostalgia of the past orchard – timber floors, the warmth of a fireplace, the rituals of the homestead and reinvents them for modern apartment living,"&nbsp;Shalala said.

“We have created two tonal palettes, one with pale honey undertones and another with a soft blush inspired by nectar. A highlight feature is the cathedral glass light box, a bespoke design element that re-interprets the classic lantern. It is both beautiful and functional, tying kitchen and bathroom spaces together in a way that feels entirely unique."

Shalala said the&nbsp;day-to-day liveability has been carefully considered, with abundant storage solutions, butler’s pantries, bike storage and joinery designed to simplify routines and enhance comfort.

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=352090]

Apartments in Zeste start from $715,000 for one-bedrooms and extend through to expansive three-bedroom Sky Homes priced from $2.25 million. Floorplans range from 59 sqm to 144sqm.

The mix in Essence comprises 41 one-bedroom, seven one-bedroom + Max space, 39 two-bedroom, 40 two-bedroom Breezeway Sky Homes (24 of which include additional Max spaces), and eight three-bedroom residences.&nbsp;

Max spaces are integrated into select residences, offering a flexible room that can be tailored to individual needs, ideal as a home office, children’s play area, or additional storage.

[smartcode_project:default project_id=150510 project_image_fid=351881]

Zeste continues Sekisui House Australia’s partnership with Altogether Group, providing sustainable water, power and data services to residents. Passive design strategies include cross-ventilation, deep landscaping and water features that encourage evaporative cooling, aligning with The Orchards long-term environmental goals.&nbsp;

Construction is set to commence on the Zeste buildings in early 2026, with completion anticipated in late 2027 to early 2028.&nbsp;

More than 850 apartments have been sold across the masterplan, contributing to The Orchards community of 1,300 apartments when complete.

[smartcode_project_cta:default project_id=150510]

Sekisui House Australia launches Zeste, the final stage of its $1 billion Norwest masterplan

A significant addition to the Bella Vista Station Precinct is in the pipeline, with <a href="https://www.apartments.com.au/developers/landen-property">Landen</a> formally lodging a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/40-memorial-avenue-bella-vista-40-memorial-avenue-nsw-2153">new apartment community on Memorial Avenue</a>.

Positioned beside the Elizabeth Macarthur Creek corridor, the project is among the first major transit-oriented residential proposals within the Metro precinct.

The masterplan, designed by&nbsp;<a href="https://www.apartments.com.au/architects/turner-studio">Turner Architects</a>,&nbsp;outlines a four-stage delivery, comprising four buildings between four and fifteen storeys, and includes a mix of one-, two-, and three-bedroom apartments, alongside a limited selection of four-bedroom penthouses and terraces.

The project places a strong emphasis on housing diversity and liveability, with apartment sizes ranging from 50 to 180 sqm. The first stage will deliver 213 dwellings, followed by 231 in the second stage. Construction is expected to commence in 2026, pending approvals.

<img alt="Bella Vista Apartments" data-entity-type="file" data-entity-uuid="bb3d84b1-d2df-4e26-915a-31b27faf9b1a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/View02_01-scaled.jpg?VersionId=Gb0AUtZ3VXsLxrqUaw_AwT_vcBwQ_FJu" />

As the first transit-oriented development (TOD) in the precinct, Landen’s Bella Vista community has been designed to align closely with the surrounding Metro infrastructure. The proposal integrates new pedestrian and cycling paths, a new bridge over Elizabeth Macarthur Creek, and direct access to Bella Vista Metro Station.

Lush communal amenities are also central to the design. 'The Grove' and the 'Garden Link' will create landscaped community areas that reflect the area's agricultural heritage and provide direct access to the creekside.&nbsp;

The ‘Garden Patio’ is conceived as a multi-use indoor-outdoor facility offering a gym, study nooks, and communal lounge spaces.&nbsp;Rooftop terraces across the buildings will offer views to the Blue Mountains and Parramatta skyline.

<img alt="Bella Vista Apartments" data-entity-type="file" data-entity-uuid="778da409-d5cf-4e7d-9ba9-0c36990bf0b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/landen-bella-property-image.jpg?VersionId=ukPpmVcHF71xRc7U3MUT5rtGwOsntMMz" />

Landen’s Head of Property, Shane Harding, said the proposal highlights the developer’s precinct-scale ambition.

“As the first TOD proposal in Bella Vista, it highlights Landen’s ability to pioneer precinct-scale projects, integrate housing with infrastructure, and deliver outcomes that align with government priorities,” Harding told the Daily Telegraph.

The project arrives at a time of rapid growth in Western Sydney, with Bella Vista alone forecast to more than double in population by 2046. The development’s location, between the Bella Vista and Kellyville Metro stations, positions it as a connected lifestyle hub for families, professionals and downsizers seeking access to transport, schools, and employment centres.

Pending approval, the development is slated for completion in 2028.

Landen plans 444-apartment community in Bella Vista Metro zone

Trophy Sales

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EXPERT OBSERVER
My analysis reveals that over the 2017-18 financial year, annual value growth fell from 10.2% over the previous financial year to a decline of -0.8% this year.
The largest fall in values is occurring for Sydney and Melbourne’s most expensive properties.
This has resulted in the number of sales at, or in excess, of $1 million starting to trend marginally lower across the nation.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%201.JPG" alt="">
As housing market conditions continue to weaken, it is anticipated that there will continue to be fewer sales above the $1 million threshold.
Over the 12 months to June 2018, 16.0% of all houses and 8.8% of all units sold nationally had a price of at least $1 million; the share of house and unit sales at this price point was slightly lower than the previous year when 16.1% of houses and 9.1% of unit sales were at this price point.
The share of $1 million plus sales is also down from the peak of 16.8% for houses in February 2018 and 9.4% for units in October 2017; 24.5% of houses and 10.7% of units were sold for at least $1 million over the 2017-18 financial year.
House sales at this price point were slightly higher than the 24.3% a year ago but down from the recent peak of 25.5% in February 2018.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%202.JPG" alt="">
 
The 10.7% of unit sales for at least $1 million was down from 11.1% a year ago as well as being lower than the 11.5% peak in October 2017.
Across the combined regional markets, 4.7% of all houses sold over the 2017-18 financial year transacted for at least $1 million.
A year earlier, 4.3% of all sales were at that price point however, the share of house sales at or above $1 million has fallen slightly from 4.8% in March 2018.
Four per cent of all units sold over the past year were at least $1 million which was a recordhigh share and up from 3.7% the previous year.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%203.JPG" alt="">
At its peak in March 2018, 50.4% of houses sold over the past year in Sydney transacted for at least $1 million with the figure since falling to 48.8% in June 2018.
The 48.8% share in June 2018 was slightly higher than the 48.6% a year earlier but clearly now trending lower.
Over the 12 months to June 2018, 21.2% of all unit sales were at least $1 million which was both down from a year ago (21.8%) and lower than the October 2017 peak (22.5%).
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%20SYdney.JPG" alt="">
Over the 2017-18 financial year, 29.6% of houses and 8.% of units sold in Melbourne sold for at least $1 million.
The share of house sales at this price point was higher than the previous financial year (27.6%) while for units it was slightly lower (8.1%).
The share of sales of at least $1 million in Melbourne peaked in March 2018 for houses at 30.6% and peaked in January 2018 at 8.6% for units.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%205.JPG" alt="">
A historic high of 9.2% of houses and 3.3% of units in Brisbane were sold for at least $1 million over the 12 months to June 2018.
The share of sales of at least $1 million has risen quite considerably over the year from 8.1% for houses and 2.8% for units a year ago.
 
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%206.JPG" alt="">
Over the 12 months to June 2017, 5.3% of Adelaide houses and 1.8% of units had been sold for at least $1 million.
12 months later, the share of sales within this price point had increased to new record-highs of 5.9% for houses and 2.0% for units.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%207.JPG" alt="">
Despite ongoing declines in values over recent years the share of sales of properties for at least $1 million in Perth has increased over the year.
In June 2017, 10.9% of houses and 3.8% of units sold for at least $1 million compared to 11.1% and 3.7% respectively in June 2018.
The share of houses sold for at least $1 million peaked in April 2018 at 11.3% while the share of unit sales over $1 million peaked at 5.6% in April 2008.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%208.JPG" alt="">
With Hobart dwelling values having surged over the past year there has been a substantial increase in the share of house sales of at least $1 million.
Over the 12 months to June 2018, 3.7% of all houses sold and 1.2% of all units sold transacted for $1 million or more.
The share of house sales of $1 million or more was a record high and up from 2.6% of all sales a year earlier.
The share of $1 million unit sales increased from 1.0% a year earlier but has eased back from a peak of 1.3% in January 2018.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%209.JPG" alt="">
As Darwin dwelling values have fallen over recent years so too has the share of sales of properties for at least $1 million.
At the peak in February 2015, 5.9% of all house sales were at least $1 million while for units, the peak of 3.1% of all sales occurred in August 2015.
Over the past 12 months, 3.8% of all house sales were at least $1 million which was steady over the year while 0.9% of all unit sales were seven figures over the past year compared to 1.4% a year ago.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%2010.JPG" alt="">
Over the 2017-18 financial year, 14.1% of all house sales and 2.5% of all unit sales in Canberra were at least $1 million.
The 14.1% of house sales for at least $1 million was an historic high while the share of seven figure sales of units peaked in March 2016 at 3.1%.
The share of $1 million house and unit sales both increased over the year from 12.0% and 1.9% respectively.
In closing, with dwelling values declining and much more rapid declines across the most expensive housing stock it is reasonable to expect the share of $1 million sales to trend lower over the coming year.
This will largely be driven by weakening in Sydney and Melbourne. Smaller capital cities are also likely to continue to see the share of $1 million sales climb further too.
<img src="https://www.urban.com.au/images/2018/8/16/CL%20PP%2011.JPG" alt="">
Cameron Kusher is a CoreLogic research analyst 
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ckusher-ujnxiKuFQs

Expensive home sales volume in decline, with Hobart going against the capital city trend: Cameron Kusher

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A Federation style home in Wahrooga has been sold for $3.91 million, $410,000 over the reserve price. 
It was sold by David Walker and Belinda Edwards of Ray White Upper North Shore. 
Nestled on a 1,416sqm block, the <a href="https://www.realestate.com.au/property-house-nsw-wahroonga-133769486" target="_blank">12 Kintore Street</a> home comes with a substantial second level bedroom wing, granny flat and designer pool.
It comprises five bedrooms, formal lounge, open plan casual living, dining and TV area, and marble topped kitchen. 
<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/2020/7/5/wahroonga%203.jpg" alt="">
The home also features steel framed arched windows, over-height ceilings, double garage and Federation facade. 
It is situated within distance to bus, rail, village and Wahroonga public school. 
<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/2020/7/5/wahroonga%202.jpg" alt="">
“The local family who purchased the property saw it as a blank canvas and an opportunity to deliver their dream home on one of Wahroonga’s best streets, ", Walker said. 
"This property had 18 registered bidders and the five active parties drove the price up and up, way past reserve." 
The property last sold in 2014 for $2.04 million. 
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j.ballantyne1990-6AQqhLzZaK

Wahroonga trophy home sold for $3.91 million

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An architect designed home in Hawthorne, Queensland has been sold for $3.35 million. 
The 7 bedroom, 3 bathroom house is situated at <a href="https://www.realestate.com.au/sold/property-house-qld-hawthorne-133262950" target="_blank">175 Virginia Avenue</a>. 
The home was designed by Harry Poulos Architects.
Set on a 1,176 sqm waterfront allotment, it features open plan kitchen and dining, lounge and family areas, separate upper level living space, and covered patio.
Additional highlights include swimming pool, lush landscaped gardens, outdoor BBQ and double garage with internal access. 
The house is located within 5km to the CBD, 17 minutes to the airport and has easy access to top schools. 
Tony O'Doherty of Belle Property Bulimba sold the property. 
It last sold for $3.65 million in 2009. 
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Waterfront Hawthorne trophy home sold for $3.35 million 

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An architecturally custom built house in Breakfast Point, NSW has been sold for $3.175 million. 
The five bedroom, four bathroom home is situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-breakfast+point-132865774" target="_blank">5 Emily Street</a>. 
Nestled on a 489sqm block, the double brick house comes with three oversized living areas, upper level rumpus, games room, and designer kitchen. 
Other features include double height entry foyer, timber doors, high ceilings and double garage plus storage. 
It comes with country club membership with access to tennis courts, pool and gym.
Its location is close to local shops, cafes, buses and foreshore walks. 
Norman So and Michael Murphy of Belle Property Strathfied sold the property. 
The home was last sold in 2009 for $680,800. 
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Breakfast Point custom built trophy home sold for $3.175 million

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Spring selling season brought a belated revival in prestige sales across Sydney, in a year when few of the big sales were on the harbour.
With just three weeks to go, 2019 will have recorded the cheapest tally of Sydney trophy home sales of the past seven years. My tally is $385 million, with a $15 million sale sufficient to qualify for the top 20.
Despite the 2018 downturn, last year there were 20 sales at $20 million or more, grossing $675 million, up from $550 million in 2017.
This year’s top five sales in 2019 all came in spring.
The top trophy home sale was $40 million in Point Piper when Westpac board member Steve Harker sold his harbourfront to entrepreneur and start-up investor Gabriel Jakob, co-owner of the Early Learning School company.
The low-key Harker sold on extended settlement terms, with the actual price only to emerge some time next year. Harker had owned the home since 1993 when he paid $2.01 million. The $40 million was nowhere near 2018’s top sale, the $100 million Fairwater on the Double Bay beachfront.
The low level of activity mimicked the overall vendor hesitancy across the entire market, with also an absence of international buyers in the market. Rose Bay was the surprise hot spot with four sales, followed by traditional streets of gold on the Point Piper peninsula­. Vaucluse and Darling Point, Mosman and Manly also had two sales each. There were eight true waterfronts on the list, along with a few waterfront reserve homes and those with harbour views.
The most intriguing sale was Bomera, the Italianate non-waterfront clifftop mansion at Potts Point that sold for $34 million. Its harbour views are often blocked by navy vessels berthed at Garden Island.
Leanne Catelan, daughter of late property data pioneer Ray Catelan, had bought it for $12.5 million in 2013 after it was renovated by property developer­ Jorge Fernandez, who had been guided in its restoration­ by former PM Paul Keating. I previously tipped Bomera as the perfect bolthole for steel baron Sanjeev Gupta — and, sure enough, he’s just downsized to Bomera from his Barford, Bellevue Hill $30,000-a-week rental.
Bomera (pictured top) was technically bought by a trust created under the local company directorship­ of society stockbroker Les Owen.
The second highest sale was when plastic surgeon Michael Miroshnik sold his Vaucluse non-waterfront home, designed by Kaintoch Design Studio, for $38 million to Sunny Ngai, whose family makes Quilton toilet paper.
On the pricey northern peninsula, Palm Haven, the Phillip Cox-designed beachfront home at Palm Beach sold to the property developing Roche family for $20.5 million. The trophy home (pictured below), bought as a weekender, ranks as the third-most expensive sale all time in Palm Beach.
<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/2019/12/20/palm%202.jpg" alt="">
Amid the big hits, there’s also been plenty of misses. It was reported in August­ there had been a $60 million offer from a Hong Kong buyer for Ganeden, but the sale of the Vaucluse home of lawyer John Landerer hasn’t eventuated.
There were upsets too. Entrepreneur­ Alex Ma thought he secured $30 million for his Vaucluse home in March, but it appears not to be proceeding to settlement.
And there’s plenty of unsold stock that appears stuck on the market with pricing issues­.
This article first appeared in The Daily Telegraph. 
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jchancellor-FAypfDUnLy

Spring sees jump in trophy home sales in 2019's top 20

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The Georgian-designed former Darlinghurst home of interior designer Darryl Gordon has been sold again for $1,876,000.
Gordon sold the <a href="https://www.realestate.com.au/sold/property-house-nsw-darlinghurst-129209802" target="_blank">Francis Street cottage</a> for $1.66 million in 2014 when it had been listed with $1.3 million plus hopes.
He doubled his money during his long ownership, having paid $730,000 in 2001.
There has been very little, if any, renovation to the home.
Bradfield Cleary agent Georgia Cleary, who sold the home on behalf of Gordon in 2014, resold the home which was scheduled for auction last night.
It has two bedrooms, two bathrooms, an open lounge and dining area, each with a fireplace, and an alfresco courtyard.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/28/dc637bfcb6fb418ca0312d68dd42884c.jpg" alt="">
Shortly before selling the Paddington home, he paid $1.5 million for the five hectare estate Terragong at Jamberoo.
The property was built in 1858 for John Marks, the politician and Mayor of Kiama.
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jonathanchancellor-7SQnKwU6yx

Darlinghurst home designed by Darryl Gordon's sells again

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The $65.2 million sale of Phoenix Acres at Vaucluse by Singaporean businessman CK Ow to nearby resident Dr Jerry Schwartz and his wife Debbie topped Sydney’s prestige sales during the past financial year.
The price reflected 10 per cent ­annual growth for the 3700sqm ­estate that ranks as Australia’s third priciest all time sale. The six-bedroom, six-bathroom home sold 22 years prior for $7,001,000 through the same selling agent Craig Pontey.
Schwartz is yet to sell his redundant $32 ­million Vaucluse waterfront estate Loch Maree.
The financial year’s next priciest sale was around $43 million-plus through agent Brad Pillinger when the now Bermuda-based retailing billionaire Brett Blundy sold in Rose Bay to Dover Heights couple Sylvia and Lawrence Myers, who took ­vendor finance. It was one of the few sales that have occurred in the six months following the Phoenix Acres sale.
The $39 million Deauville, Point Piper, sale sat in third place when car importer Neville Crichton secured the beachfront home subject to its construction completion. Crichton’s redundant home on Wolseley Rd was offloaded at $36 million to a near-neighbour, Andrew Potter.
The Vaucluse-based, Australian-Chinese billionaire Dr Chau Chak Wing’s family snapped up the Darling Point trophy home of freight and transport boss Terry Tzaneros for $31.8 million through agent ­Alison Coopes.
The sixth dearest sale for the year was $30,263,400 in Darling Point when John Roth and wife Jillian Segal bought out their neighbours last July.
The seventh dearest was back in Rose Bay with the off-market $30 million Bayview Hill Rd sale of the home of the late Sonja Lyneham to Samira Jeihooni, wife of property developer Arash Tavakoli.
The eighth place $29 million sale saw The Boatshed, on Wunulla Rd, Point Piper, sold after three years on the market by the O’Neil family, and after six decades ownership, to the Point Piper-based former car dealer Paul Scharrer and his wife Pam.
The highest north shore sale ­remains a mystery after the former Foxtel chief executive Richard Freudenstein and his wife Jane sold their Mosman mansion reportedly for a record $23 million.
Sydney’s top sale remains $71 million for Elaine at Double Bay when Pyrmont tech billionaire Scott Farquhar bought the beachfront from publisher John B Fairfax early last year through Ken Jacobs.
Sydney now has a slowing trophy home market in which local buyers have dominated the last top eight purchases.
Despite the hoopla of attracting interest from Beijing, New York, even India, all the known deals were struck with local buyers from next door to just 7km away.
This article was first published in the Sunday Telegraph.
 
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Slowdown hits prestige sales in wake of Phoenix Acres, Vaucluse sale last December 

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A Hope Island waterfront house sold for $5.05 million.
Rita Na at Hope Island Resort Reality sold the home that last traded for $900,000 in 2009.
Privately positioned, the <a href="https://www.realestate.com.au/sold/property-house-qld-hope+island-127615510" target="_blank">Virginia Drive home</a> features large scale entertaining area with outdoor built in BBQ kitchen overlooking swimming pool and 14 metre pontoon.
It has four bedrooms, a kitchen with European appliances and fully equipped media room.
According to CoreLogic, the suburb's median house price sits on $640,000.
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Waterfront Hope Island trophy home sold for over $5 million

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Richmond was the most active suburb for weekend auctions.
A <a href="https://www.realestate.com.au/property-house-vic-richmond-126763162" target="_blank">double-fronted Victorian cottage</a> on Queen Street, Richmond (pictured above) fetched $2.08 million, the dearest result.
It had $1.9 million to $2.09 million price hopes.
The cul de sac home featured polished floors.
There was a contemporary kitchen with Corian surfaces and NEFF appliances.
It came with hydronic heating, 1 kilowatt solar system, solar hot water and a 4800 litre rain water tank.
It last sold at $981,000 in 2006.
Richmond's next priciest result was the 1855 home, Dennington, at 139 Hoddle Street which fetched $1,975,000 at mid-week private auction.
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