Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

[smartcode_project:default project_id=134323 project_image_fid=6384]

The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

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ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

[smartcode_project:default project_id=134323 project_image_fid=6399]

Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

[smartcode_project_cta:default project_id=134323]

Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

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“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

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Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

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Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

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“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335426]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

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[smartcode_project:default project_id=509 project_image_fid=335427]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

[smartcode_project_cta:default project_id=114189]

Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Waterfront Sale

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Hotelier Rod Salmon has sold his waterfront mansion in Drummoyne for more than $12 million, a record price for the inner west suburb.
The three-level residence is at the end of Wrights Point
The waterfront mansion was bought in 2014 from fellow hotelier Sam Arnaout who had commissioned the residence following his purchase of the 700-square-metre property in 2007 for $6 million.
​The three-level house includes five bedrooms, six bathrooms, a four-car garage, a rooftop terrace, gym, home theatre, swimming pool, separate living area with a wet bar, and separate guest apartment.
It comes with waterfront lawn that extends to Crown Land.
The record ends the Balmain peninsula’s decades long hold on the inner west’s top sales records, most recently set in 2014 at $11.8 million with the waterfront house purchase in Balmain East by the art collector Paris Neilson. 
The prior was set at $11.5 million in 2008 when Mark Ainsworth, son of billionaire poker machine maker Len Ainsworth, bought a Gothic-style villa on the Birchgrove waterfront. 
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Hotelier Rod Salmon sells Drummoyne waterfront mansion

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Tasmania's highest weekend sale came from Orford where a waterfront home sold for $730,000.
Overlooking the entrance to Spring Bay harbour, the four bedroom rendered brick home sits on a 4,000 sqm parcel within landscaped gardens.
It offers views across <a href="https://www.realestate.com.au/sold/property-house-tas-orford-124748666" target="_blank">Mercury Passage to Maria Island</a> from its sundeck which is accessed through large panoramic sliding glass doors.
The property was offered fully furnished by Knight Frank Tasmania agent Jim Playsted.
It last traded for $620,000 in 2014.
 
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Waterfront home overlooking Spring Bay harbour Tasmania's biggest weekend sale 

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The first lady of cruising Sarina Bratton and husband Ray have sold their Newport waterfront.
It took over 200 days before its mid-week sale.
It only came after a price amendment from $4 million to $4.3 million hopes down to $3.75 million to $4.1 million.
It's still a tidy profit for the couple who paid $1.53 million for the Prince Alfred Parade dress circle home in 2000.
LJ Hooker agents Andrew Mappin and David Watson sold the home.
Britton created the market-leading Orion Expedition Cruises in 2005, then was appointed Asia Pacific chair of Ponant Cruises in 2013.
The couple remodelled the home on its 1,370 sqm parcel in 2012. There is a shared jetty.
Spanning two levels, the elevated home has four bedrooms, four bathrooms and a swimming pool that overlooks the water.
This article first appeared in the Sunday Telegraph.
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First lady of cruising Sarina Bratton sells Newport waterfront

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Salesforce Australia founder and former chief executive Kevin Panozza has bought a luxury Hope Island waterfront.
The March settlement shows Panozza paid $3.9 million for the five bed, five bathroom home.
Set on 1794 sqm of <a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-qld-hope+island-123846430" target="_blank">landscaped waterfront land</a>, the two level residence comes with an alfresco entertaining area with heated swimming pool.
The home had only been on the market for 20 days before Amir Main at Prestige Property Agents Paradise Point found a buyer after asking $4,495,000.
Panozza founded SalesForce Australia in 1993 that went on to become the largest provider of outsourced customer contact solutions in Australia and New Zealand. 
He sold the company in 2005 and left his chief executive role in 2007. 
Pazzone has stepped up the campaign to sell a his Brighton trophy home Marama, with a revised price guide of $6 million, down from $7 million when first listed last October.
The landmark 1880s mansion with five bedrooms, wine cellar and heated pool had been renovated by Melbourne architect Bruce Trethowan.
This article first appeared in The Weekend Australian's Mansion Australia section.
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Salesforce co-founder buys Hope Island waterfront

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Sentosa, a 100 year old Hobart waterfront, has been snappily sold having come with $6.5 million hopes through Knight Frank agent Mathew Chugg.
It was sold by Wendy and Barry Turnbull who paid $815,000 for the home in 1993.
The 1917 home designed by Marco Linardi sits amid 2309 sqm of Paul Bangay-designed gardens on Blinking Billy Point.
The grounds meander down to the water with a lawn overlooking Long Beach.
The home spanning 693 sqm has five bedrooms, including two on the fully self-contained first floor that also comprises a lounge, kitchen and bathroom. 
The master suite with separate dressing room overlooks the river and there's a 15 metre indoor pool in a conservatory inspired room.
The ground floor features a grand dining room, lounge and stately staircase crafted from Huon pine with bespoke iron balustrades.
Early Australian aviator Charles Kingsford Smith visited when he honeymooned in Hobart with his second wife Mary in 1931.
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<div class="wp-caption">This article first appeared in the Weekend Australian's Mansion Australia section.</div>
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Snappy sale for Tasmanian mansion Sentosa 

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Former Macquarie banker Sandy Lockhart and wife Susan have sold their Kirribilli waterfront.
Christie's International agents Ken Jacobs and Darren Curtis secured the sale having asked $8.5 million for the home upon its March listing.
The couple paid $7.2 million for the Susan Rothwell designed home in 2010.
It was built for John and Eve Molyneux who owned the historic Sunnyside next door.
They sold the home for $6.1 million in 2003 after its rebuild.
Set on 363 sqm, the <a href="https://www.realestate.com.au/sold/property-house-nsw-kirribilli-122177298" target="_blank">contemporary waterfront</a> has three bedrooms, five bathrooms, a climate-controlled walk-in wine cellar and a plunge pool.
There's a lift access to all levels and a shared jetty and berth. 
Lockhart is a founding partner of private equity manager Next Capital.
This article appeared in the Sunday Telegraph.
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Lockhart's Kirribilli waterfront sold

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The former Morgan Stanley and Merrill Lynch head of fixed income Neale Muston has sold his Mosman home.
Set overlooking Chowder Bay home on Sydney's lower north shore it was bought for $14.5 million by a Chinese-origin buyer with residency. 
It was sold on its second time marketing campaign this year. And in 2015 it was listed with $17 million hopes.
The architecturally designed <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-123591030" target="_blank">Morella Road four-bedroom home</a> features minimalistic styling. The sale affirms that the Chinese buyers are attracted to the “prestige” of Clifton Gardens.
It was sold by McGrath agents Michael Coombs and John Melville with a price guide of $14.5 million to $15.5 million. The property last traded for $6.15 million in 2008 when bought by Muston who is now a director of Excalibur Trading, a private capital fund specialising in the global futures markets.
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Mosman home sells for $14.5 million to Chinese buyer

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For the first time in 60 years a prime beachfront parcel in Coalcliff fetched $2.1 million at weekend auction.
Advertised with potential to build a new home on the 645 sqm block, <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-123069470" target="_blank">34 Paterson Road </a>came with little more than the original foundations of a home.
The property sold through Simon Beaufils and Mattias Samuelsson at Ray White Helensburgh. 
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Oceanfront Coalcliff building block sells at $2.1 million

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Ten waterfront allotments, fronting the north-facing beach at Funnel Bay and surrounded by national parks on three sides in North Queensland’s Whitsundays, are up for sale.
The development, called “The Beaches”, recently launched with individual allotments bearing the names of famous beaches like Bondi, Cottesloe, and Waikiki rather than lot numbers.
Prices start from $825,000, with the average being under $900,000.
The marketing is being handled by PRDnationwide.
The site was previously owned by a Resort Corp and approved for 174 apartments as a 6-star lush tropical resort.
A group of local investors and developers have since secured the site and modified the approval to produce 10 waterfront allotments of 1000 sqm and five garden view allotments (each with direct access either to the beach or to the private pool area).
The beachfront lots have an additional 700 sqm or more of landscaping area on each title.
Each allotment is fully serviced but has the feel of a deserted tropical island, with sweeping views across Funnel bay and out to the Great Barrier Reef.
Despite being only six minutes from the main street of Airlie Beach, The Beaches are hidden behind a low ridge giving residents the feeling of being a million miles from anywhere.   
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jonathanchancellor-7SQnKwU6yx

A chance to grab waterfront allotments in Whitsundays

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A $4.8 million Blakehurst home sale topped weekend auction sales across Australia, according to Australian Property Monitors.
The beachfront Princes Highway sale was through McGrath Estate Agents.
With views across Kogarah Bay, the waterfront residence sits on an under utilised sprawling 1,365sqm block.
"While the LEP has not yet been gazetted by council (possibly March next year) the site is proposed by council for units and while some buyers thought there was too much risk we had three bidding," agent Matthew King said.
<a href="/images/2015/11/16/Screen%20Shot%202015-11-16%20at%204.49.08%20PM.png" target="_blank">Click to enlarge</a>
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Waterfront Sale

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