Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

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.

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

Vaucluse

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Hipages co-founder Roby Sharon-Zipser and his wife Jordana didn't find a buyer for their Vaucluse home when it went to recent auction.
It was listed as they had their eye on something bigger.
The Olola Avenue home was passed in on a $6.5 million vendor bid at its auction. There was interest but no bids.
The Sharon-Zipsers had initially sought $7 million for the four-bedroom home, which was knocked down to $6.75 million during its marketing.
The couple had paid $8 million just 12 months ago when upgrading from North Bondi.
Ray White’s Gavin Rubinstein offered the home with Cameron Kimber interiors.
This article was first published in the Saturday Daily Telegraph. 
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firstname1-iYD4UYzvBa

Hipages co-founders Vaucluse home goes unsold at auction

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Hotelier Ashton Waugh is selling his Vaucluse home with a $16 million price guide.
The home, listed by Gavin Rubinstein, Ray White network’s top performer, is his first listing in his new office in Woollahra.
The three-level home was completed two years ago with five bedrooms and seven bathrooms.
Peter Ahern of buck&amp;simple Architecture cast a fresh eye over the existing home, which was gutted to include an oculus to bring natural light into the core of the home.
There’s also a cellar for 2000 wine bottles.
The Gilliver Avenue home’s panorama takes in the city skyline, Opera House and Harbour Bridge.
The 835 square metre block cost $6.7 million in 2004.
There are 28 houses for sale at Vaucluse on realestate.com.au with a $5.5 million median sale price from the 70 sales of the past year.
This article was first published in the Sunday Telegraph. 
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Hotelier Ashton Waugh lists $16 million Vaucluse home

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Fashion designer Kit Willow Podgornik has listed her Vaucluse home with $5.8 million hopes.
Property Observer gets a sneak peek.
<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/2019/5/16/kit%20willow%202.jpg" alt="">
The creative brains behind KITX fashion brand and her husband, property developer Mark Podgornik, have called the four-bedroom house home for nine years.
Perched on the hillside above Vaucluse House, they paid $2.1 million with a subsequent two-year renovation.
<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/2019/5/16/kit%20willow%204.jpg" alt="">
This article was first published in the Saturday Daily Telegraph. 
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Fashion designer Kit Willow lists in Vaucluse 

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The Vaucluse home that was co-owned by alleged fraudster Adam Cranston sold for $2,603,000 at its mid-week auction.
There had been 40 contracts issued.
<a href="https://www.realestate.com.au/sold/property-house-nsw-vaucluse-130936466" target="_blank">The home</a>, which was being forcibly sold, is the final piece in the fallen property empire of Cranston, who is alleged to be the mastermind behind the Plutus Payroll syndicate, the largest tax fraud scheme in Australian history.
He is being charged with the misappropriation of over $130 million owed to the Australian Tax Office.
The home was bought for $2.4 million in 2015 by Cranston family interests.
The following year it was transferred to a company in which Cranston and alleged co-conspirator, former champion snowboarder and sports broadcaster Jason Onley, were joint shareholders.
The first mortgagee Westpac were appointed as the controllers of the company in March.
The title has a caveat from the NSW Supreme Court, following a Federal Police application which restricted any sale unless approved by the commissioner.
A three bedroom home with swimming pool sits on the 450 square metre Macdonald Street site.
It was listed with a guide of $2.1 million through LJ Hooker Double Bay agents David Malouf and Emma Steanes. 
The couple's Bondi Beach home, where Cranston was arrested in May two years ago, quietly sold earlier this year for $1.3 million by the mortgagee.
The two bed townhouse cost them $1,222,000 in 2015.
He offloaded a 60 hectare horse and cattle farm in the Hunter Valley for $1,068,000 in 2017, having paid $940,000 a year earlier.
He sold a Miranda townhouse for $1.88 million in 2017, a $473,000 profit in a year from the $1,415,000 he paid.
In Burraneer he offloaded a half-built mansion on the pricey Matthew Flinders Place for $2,425,000.
He and wife Elizabeth Rouhliadeff had paid $1,875,000 in 2015 and were building a large four bedroom home with a swimming pool.
Officials seized a haul of luxury items including two planes, sports cars, jewellery, artwork, firearms and at least $1 million cash found in a safety deposit box in the raids on properties linked to the syndicate.
Cranston and Onley are next scheduled to return to the Downing Centre Local Court on July 9 ahead of their September committal hearing. Both are yet to enter a plea.
This article was first published in the Daily Telegraph.
 
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jchancellor-FAypfDUnLy

Adam Cranston's Vaucluse investment property sold by mortgagee

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The Sydney suburb of Vaucluse is set to be the busiest place for auctions this Easter week with 7 homes expected to go under the hammer, according to CoreLogic
Next busiest is Sydney’s Rose bay, which has 6 auctions scheduled, followed by Cronulla, Leichhardt and Randwick, also in Sydney, which will be hosting 5 auctions each.
The Easter long weekend is expected to see a very low number of homes taken to auction, with only 386 scheduled auctions this week across the combined capital cities.
Easter is one of the quietest weeks of the year in terms of auction volumes.
<img src="https://www.urban.com.au/images/2019/4/18/Upcoming%20auctions%20APR%2018%202.JPG" alt="">
Over the Easter weekend last year there were 670 homes taken to auction.
Almost 60 per cent of all capital city auction activity is scheduled to take place in Sydney this week (220 auctions), while in Melbourne, just 48 auctions will be held.
118 auctions are scheduled to take place across the remaining capital cities, with 21 of those scheduled to take place in Brisbane and 46 in Adelaide.
Canberra is set to host 35 auctions this week, while Perth is expecting 16 auctions. There are currently no scheduled auctions in Tasmania this week.
<img src="https://www.urban.com.au/images/2019/4/18/Upcoming%20auctions%20APR%2018%201.JPG" alt="">
One example of the auctions taking place in Rose Bay this week is <a href="https://www.realestate.com.au/property-apartment-nsw-rose+bay-130752534" target="_blank">6/696 Old South Head Road, Rose Bay</a> (pictured in title).
In the suburb adjacent to Vaucluse, this penthouse style two-level apartment atop Kingsview is for sale without a price guide.
The three bedroom two bathroom apartment features 180° district views to the ocean and across Rose Bay golf courses to Bellevue Hill. 
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j.ballantyne1990-6AQqhLzZaK

Vaucluse set to be busiest Easter week auction suburb

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The Vaucluse house owned by the alleged mastermind behind Australia’s largest tax fraud, Adam Cranston, is up for mortgagee sale.
It seems set to be sold for a loss on its $2.4 million purchase in 2015 by Cranston and his nominated company.
He awaits trial for his role in the Plutus Payroll syndicate accused of misappropriating more than $130 million owed to the Australian Tax Office from pay-as-you-go payments.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-130936466" target="_blank">The three-bedroom Vaucluse house</a> has a swimming pool and ocean views from the second level.
It is listed mortgagee-in-possession with a $2.1 million guide though LJH.
It was originally bought in a company name of Harmon International Holdings, set up by Cranston’s sister Lauren, in 2014, and later transferred to Four Macdonald Pty Ltd.
Title records show the NSW Supreme Court ordered the sale of the property following the Federal Police applying for a court order under the proceeds of crime legislation.
Cranston was arrested two years ago, and his assets seized and finances frozen.
At the time Cranston was arrested at the Bondi Beach townhouse he shared with his wife Elizabeth Rouhliadeff.
It was bought for $1,222,000.
It sold earlier this year for $1.3 million.
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Adam Cranston investment Vaucluse property up for mortgagee sale

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Jordana Sharon-Zipser, wife of hipages co-founder Roby Sharon-Zipser, has listed their Vaucluse abode for an April 11 auction.
The buyers have been given a $7 million price guidance by Ray White duo Gavin Rubinstein and Oliver Lavers.
It was bought from hotelier Andrew Lazarus and his wife Denise off-market for $8 million last May. The Olola Ave residence, with Cameron Kimber interiors, was bought after they sold their North Bondi semi for $2.85 million in 2016.
It seems they have their eye on something even better.
The Vaucluse prestige market has been quite active this year. Some of the activity included the pre-auction sale of the home of businessman Alex Ma above its $30 million price guide.
There was also Cambridge Ave sale of the home of yachtsman Warwick Rooklyn for $6,225,000, which was $725,000 above reserve.
Home improvement classifieds website hipages, which connects homeowners with tradies, was founded in 2004, with News Corporation now owning a stake.
This article was first published in the Sunday Telegraph.
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Vaucluse home of hipages co-founder Roby Sharon-Zipser listed

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Interior designer Nicole Vatselias of Lumu Interiors has listed her Hollywood-style Vaucluse home.
Vatselias, who owns the Lumu Interiors homeware store in Double Bay, is famed for her keen eye for contemporary style.
Vatselias paid $4,085,000 for the Boambilee Avenue home in 2014 where she resides with her Shannon Hsu, two kids and a number of pets.
<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/2019/3/1/Boam2.jpg" alt="">
The 1940s home with 1980s interior styling has been renovated throughout to bring it into the 21st century.
It now has a $6 million guide.
Set on 990 sqm, the luxury home with crisp white interiors has four bedrooms and three bathrooms.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/1/Boam3.jpg" alt="">
It's footsteps from Parsley Bay and Nielsen Park.
Ray White Double Bay agent Warren Ginsberg has the listing.
LuMu has established itself as a respected interior styling and decoration company.  
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Nicole Vatselias of LuMu Interiors lists glamorous Vaucluse home

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HiLife Health boss Peter Nicholas and his TV presenter partner Belinda Rudd have upsized in Sydney's east.
Having sold their designer Darling Point apartment for $10.15 million to the former Woolworths chairman Ralph Waters and wife Helen, they've spent $9 million on a Vaucluse home.
It is on the Wentworth Road dress circle, on the fringe of Vaucluse Park.
It has five bedrooms, five bathrooms and a number of terraces.
A heated pool and barbecue pavilion sit in the 740 square metres landscaped grounds.
It last traded for $4.31 million in 2004.
Raine &amp; Horne Double Bay agents Patrick Cosgrove and Alex Lyons only had the property on the market for one day before Nicholas snapped it up.
The entrepreneurial Nicholas has been in the industry for more than two decades, earning him the title of “The King Of Beauty”.
One of his early efforts was the creation of Fat Blaster, then co-developing Skin Doctors, his first foray into the beauty industry. 
It was in 2008, he launched HiLife Health &amp; Beauty (HLHB), with the mineral make-up brand Nude by Nature using model Jesinta Campbell and actress Ada Nicodemou as the faces of the brand. 
Nicholas is a passionate supporter of the Ultimate Fighting Championship (UFC) and has built a private gym and training area to support and manage Australian cage fighters including Soa ‘The Hulk’ Palelei and Hector Lombard.
When Nicholas isn’t working hard on HLHB or at the gym, one of his long held passions centres around property development.
This article first appeared in The Sunday Telegraph. 
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HiLife Health boss Peter Nicholas buys in Vaucluse 

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Victor Spink, a convicted drug importer who loved his property and the punt, has died age 76.

His body was found early Monday morning in a $79 a night hotel near Sydney’s Central Station, the death likely caused by a drug overdose.

A police spokeswoman told the SMH's Kate McClymont, who has diligently followed his life and times through the decades, that there were no suspicious circumstances.

The SMH's Title Deeds column similarly followed the Sydney-born, St Ives-based Victor Thomas Spink after authorities sought to seize 10 properties that he owned across NSW from Darling Point to Byron Bay, on the NSW north coast.

In 2008 Spink told the Herald the botched 1994 $225 million drug importation had cost him much of his prior fortune.

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'I lost everything when they arrested me,' Spink said.

"Three of the properties in Byron and two at Potts Point were worth $16.5 million," he once suggested.

Born in 1942, Spink was first convicted of breaking and entering in 1960. He was jailed then deported from United Kingdom in the early 1970s.

He was next imprisoned in the late 1970s over a $54,000 mailbag robbery at Port Macquarie on the NSW mid-north coast.

By the 1970s the Woodward Royal Commission heard evidence linking him to the heroin trade.

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In the 1990s, the Australian Federal Police were listening in on Spink’s phone calls as part of Operation Caribou, investigating cannabis importation from Pakistan.

The Herald revealed in 1995 that it had obtained AFP recordings of phone conversations suggesting Spink, then only known as Mr C, was part of a race-fixing network on Sydney tracks.

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The jockey Jim Cassidy was disqualified for three years and Kevin Moses for one year, both penalised for pretending to fix races, rather than for actual fixing.

"All I ever did was ring jockeys and get their tips," Spink said, denying any rigging.

Known as one of the biggest punters on Sydney racetracks until his arrest, Spink reportedly lost $400,000 in one afternoon.

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Spink belonged to a drug importing syndicate that unsuccessfully arranged for 15 tonnes of cannabis resin to be shipped from Pakistan to Australia in 1994, after one of the trawlers ran aground near Hervey Bay in southern Queensland. Another 10 tonnes were dumped at sea off New Caledonia.

Spink was one of the leading participants in the intended shipment along with Raymond John Dumbrell, a property developer from Maroubra, who contributed $65,000 to buy a boat.

In 1995 the SMH's Title Deeds reported Spink, who had by then pleaded guilty under Section 51A of the Justices Act to a charge of conspiracy to import cannabis resin, knocked back $917,500 when his two Potts Point backpacker terraces were auctioned to pay for his legal bills. Bought in 1993 for $760,000, the 10 bedroom terraces had a potential $6,300 weekly return, according to the listing agent John McGrath who had the terraces at $1.3 million. 

In 1996 Title Deeds reported Spink owned five Byron properties totalling a $1.046 million outlay. The properties had been bought in a five-month period, some sight unseen, in 1993.

On his release from jail he still owned three, as well as five houses in the Sydney suburbs of Alexandria, Gordon and Ku-ring-gai. 

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After leaving jail in 2002, Spink then tried to access $US500,000 funds that had been sitting in his Swiss bank account since 1987.

Spink had to wait three years until his parole conditions enabled him to leave the country and head for Switzerland.

But authorities noted his passport in the name of George Saunders was expired as well as false.

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Spink claimed the money in the Geneva account came from gambling, not drugs, and fought for access.

The Swiss Federal Tribunal granted him the money as it was deposited before his Australian drug conviction.
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<div class="_1lC_G">It was in the name of Saunders that Spink owned a Vaucluse mansion (top), bought in 1993 for $600,000 and sold in March last year <a href="https://www.realestate.com.au/sold/property-house-nsw-vaucluse-126840814" target="_blank">for $4.9 million through Di Baker Prestige Properties</a>.</div>

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<div class="_1lC_G">Spink said he listed the home to make a sea change up to the north coast.</div>

<div class="_1lC_G">
Di Baker was seeking more than $6 million for the two-storey home on dress circle Olola Avenue.

Last year the father of two wrote on Facebook about chronic health problems and the loss of his brother and sister from cancer, while alluding to struggles with addiction.
</div>

<div class="_1lC_G">The Daily Mail suggested he died of an ice overdose in a room at the Great Southern Hotel.</div>

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<div class="_1lC_G">A 30-year-old woman who was also in the room with him stayed to assist police with their inquiries. </div>

 
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