One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<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]

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

Weekender

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Some holiday home buyers are overlooking five key strategies which can turn their costly lifestyle investment into a money-making asset.

Australians invariably get caught up in the holiday romance of buying a ‘weekender’ and some will act on impulse while on vacation.

Often investors reason that by renting to holidaymakers when they aren’t using it, the asset’s maintenance and holding costs will be covered, but that’s rarely the case. Instead, holiday home buyers must seek maximum rental income and depreciation benefits to make the investment viable.

Most are buying emotionally and discover that higher-than-normal vacancies make their investment returns marginal at best. But smart investors know there are moves which can turn the numbers around.

Home property managers have five key rent boosters that also deliver great depreciation benefits.

There are a few things that boost your home’s appeal with holiday makers which not only maximise rental income, but also deliver excellent tax depreciation benefits. This means, come the end of the financial year, you’ll have more upside in your tax return thanks to your holiday home. 
 

1. Climate control

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_612232358.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_612232358.jpg?itok=Kj3zRE-n" width="580"></a>

Ensuring your holiday home is airconditioned is essential for attracting holiday makers. Vacationers will spend plenty of time relaxing at your short-stay, and they’ll want their comfort levels to be spot on.

Guaranteeing your home has split system air-conditioning and insulation not only helps improve the holiday experience for renters, but delivers tax benefits too.

The deductions available when you install a new split system represent 20 per cent of the cost of the asset within the first full year of claim. So, spending $3500 on a split system will equate to $700 worth of deductions in year one. 
 

2. Pet appeal

Holiday homes that are pet friendly command a premium, as pet owners look to take their ‘fur-babies’ on holiday which saves on the cost and stress of kennelling. But improvements which help create pet-friendly rentals also provide depreciation benefits.

Think boundary fencing, hardwood floors, pet proof landscaping. Even items such as an external doghouse can be depreciated. 
 

3. Outdoor entertaining

Holidays are built for family barbeques and lounging in a shady spot. The addition of a roofed outdoor relaxation and entertainment area will drive holiday makers to your home. They are also filled with depreciation opportunities such as ceiling fans, built in barbeques and benchtops.

For example, a relatively modest spend of around $4000 would both elevate your property’s rental earning potential, and deliver over $1000 in tax deductions in the first year after installation:

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-01-19_at_4.31.29_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="192" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-01-19_at_4.31.29_pm.png?itok=gu0O4Lb4" width="580"></a>

4. Pools

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_254911351.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_254911351.jpg?itok=3rHjgwIo" width="580"></a>

Even when near a beachside holiday spot, there’s no denying the appeal of a pool when holidaying.

If you’ve been fortunate to buy a home with a pool, don’t forget to claim depreciation benefits on the fencing and filtration system. 
 

5. Wifi and entertainment

Providing unlimited Wifi has become pretty much mandatory for holiday homes.

Access to streaming services, scrolling through websites on local hotspots or checking in on updated weather alerts and surf conditions make web access a must. Simple elements such as supplying a television can improve your tax deductions.

For example, televisions have an eight-year effective life, so under the diminishing value method, a $2000 TV will provide $500 in deductions in the first full year of claim.

While depreciation rules for computer equipment are currently found within the commercial sections of the tax legislation, it’s likely that computer equipment will become a residential plant and equipment item in time. Either way, routers and range extenders will always attract deductions.
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Anyone who has impulse bought a holiday home over Christmas must get serious about making it profitable

max.kwok_55688

Five ways to turn holiday home investment duds into diamonds

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The Coogee-based comedian Tim Minchin and wife Sarah have bought themselves a weekender in Kangaroo Valley.
They've paid $1.08 million for the renovation project. 
The two storey brick and Colorbond home last sold for $30,000 in 1989.
<img src="https://www.urban.com.au/images/2020/9/28/Kangaroo%202.png" alt="">
Spanning two level, the home has four bedrooms, two bathrooms and a number of living areas and outdoor terraces.
There's a semi-cleared house paddock on the near five hectare block.
Raine &amp; Horne Berry agents Jacqueline Crapp and Luke Tancred secured the sale, initially seeking $1.25 million in March. 
 
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jrobinson-rf4aSBido9

Tim Minchin buys Kangaroo Valley weekender

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Neighbours star Olympia Valance, 27, and her AFL star boyfriend Thomas Bellchambers have purchased a cottage in country Victoria.
It is a two-bedroom Glenlyon home near Daylesford in Victoria, that was settled on Valentine's Day.  
They jointly purchased the six acres for $587,000.
<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/2020/4/22/Vallance%202.jpg" alt="">
The home was promoted as offering spectacular views of the district.
It was also offering its owners to experience ‘off grid’ living in style. 
Vallance has since listed her one bedroom apartment in Southbank, asking between $500,000 and $550,000.
 
 
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j.ballantyne1990-6AQqhLzZaK

Olympia Valance and Thomas Bellchambers buy Victorian weekender

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The vendors hoping for a Santa Claus rally in the ailing property auction market were mostly left disappointed after their weekend auctions.
Buyers traditionally tune out in the lead up to Christmas given all the distractions.
A few homes will be sold today, Christmas Eve, but most estate agents have headed off on their long holiday hibernation. 
Ofcourse some buyers will be back in the market keen for Boxing Day-style discounts from anxious vendors who've committed elsewhere and are desperate for a sale. 
The last minute pre-Christmas weekend auction offerings numbered just a dozen or so around most capitals, rather than the thousands that are regularly on offer most Saturdays of the year across the nation.
Estate agent Adam Docking recently suggested pre-Christmas listings were "a calculated risk."
“The weekend is usually very, very soft the Saturday before Christmas,” Mr Docking told News Ltd.
However the very last scheduled auction of 2018 found a buyer yesterday in Hampton Park, in Melbourne's outer south east.
There were 11 interested parties when the five bedroom late 1980s house at <a id="LPlnk816199" href="https://www.realestate.com.au/property-house-vic-hampton+park-130021094" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">3 Candlebark Close</a> sold under the hammer at the 2pm Sunday afternoon auction, just two days out from Christmas.
"A local first time buyer was the top bidder," said Elias Samili, the selling agent from Rexhepi Real Estate.
"The vendors got $13,000 over reserve," he added after the bidding kicked off at $470,000.
There was just a shortened three week auction campaign following its recent renovation.
The agent had previously told the Herald Sun that the auction date was set to suit their religious commitments, and an auction process had been selected to ensure there was an "unconditional sale this year."
Hampton Park median house prices finished off the year at $550,000, according to realestateview, having kicked off the year at $500,000.
Another first home buyer secured a $350,000 Belmont house (above) with big plans for a renovation since its currently unlivable.
The three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-belmont-130002634" target="_blank">5 Donald Street</a> was marketed as an opportunity to renovate or detonate by the McGrath Geelong agent Ricky Forte.
It had a $329,000 to $349,000 price guidance.
There was also a sale in Melbourne's Westmeadows when <a id="LPlnk256837" href="https://www.realestateview.com.au/real-estate/22-swan-avenue-westmeadows-vic/property-details-sold-residential-12269916/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">22 Swan Avenue</a> fetched $675,000 through Barry Plant Gladstone Park.
The price guide for the four bedroom, two bathroom house had been $610,000 to $650,000.
Another Saturday auction hopeful that sold was <a id="LPlnk160395" href="https://www.realestate.com.au/property-house-vic-roxburgh+park-130004822" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">4 Korab Place, Roxburgh Park</a>.
Set on a 580 sqm block, the house has an indicative price guide of $540,000 to $580,000.
It fetched $625,000.
The four bedroom two bathroom house was marketed as having a crescent driveway with room for seven vehicles.
It had been a $200,000 building project in 2010 after the block was bought six years earlier for $154,000.
<div>All up there was 32 percent success rate in Melbourne from around 200 offerings over the past week, mostly held mid-week.</div>
<div>
<div>Sydney had some 150 offerings over the past week which saw a fatigued 38 percent success rate in the final sales week.</div>
<div>There was a $925,000 Merrylands sale in Sydney.</div>
<div>
The three bedroom home at <a id="LPlnk378703" href="https://www.propertyobserver.com.au/https://www.realestate.com.au/130026390" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">1 Montrose Avenue sold through Starr Partners</a>, one of just a handful scheduled for Sydney weekend auction.
</div>
</div>
Queensland had an 11 percent success rate from the 95 auctions scheduled over the past week.
Canberra saw just 8 percent of its 30 listings find a buyer over the past week.
Adelaide was the most resilient with a 41 percent clearance rate from its 60 auctions over the past week, according to CoreLogic.
Its sales included <a id="LPlnk656681" href="https://www.realestate.com.au/property-house-sa-torrensville-130099886" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Stephens Avenue, Torrensville</a>, a four bedroom house set on a generous sized 1100 sqm holding which sold for an undisclosed price.
The 1930’s Tudor home was marketed as likely to "respond well to renovations or subdivision subject to council consent."
Auction volumes will be negligible now until early February, excepting in coastal locations.
Agents have listed dozens of fresh beachside offerings with many set for late January auction, especially on the Australia Day weekend.
Everything from a <a id="LPlnk626147" href="https://www.realestateview.com.au/real-estate/boatshed-8-point-king-beach-portsea-vic/property-details-buy-residential-12313877/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">bathing box at Portsea</a>, with $450,000 to $495,000 hopes; a 37th floor <a id="LPlnk507917" href="https://www.realestateview.com.au/real-estate/3701-crown-towers-5-19-palm-avenu-surfers-paradise-qld/property-details-buy-residential-12318110/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Surfers Paradise sub-penthouse</a> to a vacant waterfront <a id="LPlnk931582" href="https://www.realestateview.com.au/real-estate/24-the-anchorage-noosa-waters-qld/property-details-buy-residential-12301542/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Noosa Waters building block</a>.
In Western Australia there's <a id="LPlnk382" href="https://www.realestateview.com.au/real-estate/38-lanyard-boulevard-geographe-wa/property-details-buy-residential-12276339/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">a Port Geographe waterfront 838 sqm vacant block </a>with direct access to Geographe Bay set for January 19 auction.
Some beach offerings have been snapped up as soon as they hit the market including a beach shack at Berrara on the NSW far south coast that was listed at $1.75 million
<a id="LPlnk810369" href="https://www.realestateview.com.au/real-estate/18-myrniong-grove-berrara-nsw/property-details-buy-residential-12319421/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The home </a>that sits on a 1,138 sqm beachfront block quickly went under contract last week. 
The Ray White Surfers Paradise Group is gearing up for its annual auction program The Event, its flagship residential auction on Monday, January 28.
“The Australia Day long weekend will be the prime time for buyers as inquiries are traditionally up 60 per cent during January and we’re expecting next year to be no different," Ray White Surfers Paradise CEO Andrew Bell said.
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jchancellor-FAypfDUnLy

No Santa Claus rally for pre-Christmas auction vendor hopefuls

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The Channel Nine chief executive Hugh Marks has spent $4.075 million for a retreat in the Berry hinterland.
It comes as he is announced to lead the Nine-Fairfax merged media company which sees Nine own 51.1% and the weakened Fairfax at 48.9%. 
The family's Shoalhaven weekender is a contemporary, architect-designed residence at Broughton Vale.
Yeramba is set on 40 hectares with about half cleared for livestock.
Much of the rest is natural bushland with a permanent creek, waterfall and rock pools.
It was sold by former NEC and Hewlett-Packard boss Alan Hyde and his wife Joanne.
The marketing of the TDDP Architects-designed home indicated it was "developed on ecological and sustainable principles."
Nick Dale of Belle Property Berry secured the $4.075 million sale. 
The Berry district residential price record was set at $4.75 million last December when Bond University chancellor Annabelle Bennett and her husband <a href="/news/former-solicitor-general-of-australia-david-bennett-buys-berry-weekender">David Bennett, QC</a>, bought a 20-hectare retreat from a Macquarie Group executive.
Marks, who was appointed to Nine’s top job in late-2015, has been appointed as the next chief of the Nine Fairfax merged media entity under the chairmanship of Peter Costello.
Mark advised the merged "marks a truly momentous development for Nine’s future."
The existing Nine television and digital businesses, to be known as NEC will become the proprietor of the historic Fairfax mastheads as well as the new majority owner of Domain (60%) and the Macquarie Radio Network (54.5%). 
The transaction Nine will also move to 100% ownership of Stan.
His property purchase, without the precise price, was revealed last weekend by Fairfax Media.
He has been based in Artarmon where he bought his Californian bungalow for $765,000 in 1998.
Last year he spent $2,015,000 on a three-bedroom investment <a href="/news/channel-nine-boss-hugh-marks-buys-neutral-bay-pad">Neutral Bay</a> pad.
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firstname1-iYD4UYzvBa

Hugh Marks, the new Fairfax boss buys Berry weekender

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The Point Piper-based rag trader Stephen Leibowitz and his wife Pamela have bought the Palm Beach historic home Craig Rossie.
<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-127097158" target="_blank">They paid $6,025,000</a> for the Snapperman Beach weekender, some two years after its initial offering.
It was built in 1936 for grocery chain-owner Andrew Derrin, and bought by World War II fighter pilot-turned-author Paul Brickhill in 1960 following publication of his novel The Great Escape.
Following Brickhill’s divorce from model Margaret Slater in 1964, it sold for £23,900 to the late Emmanuel and Valda Georgouras.
They subdivided in 1987, carving off what is now Mana Moana next door for $1.66 million to the rag trader Gary Leonard.
Valda died in 2012, aged 91, and it was listed two years ago.
The 1150-square-metre property in the north-facing corner of the beach was recently offered through LJ Hooker agent David Edwards.
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Craig Rossie, Palm Beach weekender sold to Point Piper rag trader

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London based Macquarie infrastructure boss David Roseman and his wife Sue finally sold their Berry weekender.
It sold just days before Christmas having been listed for March auction when they were asking $4.75 million.
They had bought the 20-hectare Coomonderry Ridge hobby farm in 2011 for $1.18 million.
The two-storey residence with a separate guest house amid landscaped gardens fetched $4.75 million <a href="https://www.belleproperty.com/listings/488459/2-coomonderry-ridge-berry-nsw-2535/" target="_blank">through Gary Dale at Belle Property</a>.
Roseman was appointed to the merchant bank’s top infrastructure post in 2015.
The manor-style mansion he and his wife, former Macquarie executive-turn-interior designer Sue was built near Seven Mile Beach.
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Berry farm sold by Macquarie Group banker David Roseman

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<div>The Dow Chemicals chief Andrew Liveris sold his ’70s-style beach house at Whale Beach at weekend auction.</div>
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<div>It fetched $3.33 million — with whispers quickly suggesting it was snapped up by a neighbour. </div>
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<div>The Belle selling agent Greg Griffin who had $3 million hopes given its down-at-heel presentation wouldn’t be drilled on which one.</div>
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<div>The 1100sqm Whale Beach Rd parcel sloping down to the ocean had cost $3.675 million in pre-GFC 2006.</div>
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<div>The Michigan US-based Liveris and his wife Paula will make an $8.15 million Point Piper apartment part of their retirement plans.</div>
</div>
Liveris, who previously worked on an advisory panel for Barack Obama, was described by President Donald Trump as "one of the foremost leaders in manufacturing, one of the foremost leaders in the world of business".
This article was first published in the Sunday Telegraph.
 
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Dow Chemicals boss Andrew Liveris sells at Whale Beach for a loss to neighbour

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One of the world's leading businessman, the Dow Chemicals chief, Andrew Liveris has changed his mind up on keeping his beach house at Whale Beach.
The soon to retire Darwin-born businessman listed the 1970s beach house in February, before a change of heart.
But now its back up again with Belle Property Avalon agent Greg Griffin, who has it for November 25 auction with $3 million hopes given its down at heal presentation.
The Whale Beach Road clifftop property cost $3,675,000 in 2006 when bought Liveris who has been the chief executive of Dow since 2004.
It was expected the Michigan US-based executive might have gone on to rebuild before their imminent return to Sydney.
The home sits on a 1,100 sqm parcel sloping down to the ocean.
Griffin is marketing it as a "premier site for a new home."
Liveris and wife Paula already have a Point Piper triplex apartment as part of their retirement plans. They bought it for $8.15 million in 2013.
Liveris, who previously worked on an advisory panel for Barack Obama, was branded by President Donald Trump as "one of the foremost leaders in manufacturing, one of the foremost leaders in the world of business".
The Darwin-born businessmen was on President Trump's manufacturing council but the board was abandoned in the wake of controversy following the US President's heavily criticised response to deadly violence in Charlottesville, Virginia in August.
This article was first published in the Sunday Telegraph.
 
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Andrew Liveris relists Whale Beach weekender

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Melbourne-based retail boss Mark McInnes has listed his New South Wales South Coast beachfront at Coalcliff.
The former David Jones boss paid a suburb record $2.5 million for the <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-126625242" target="_blank">home as a weekender</a> from his amalgamation at North Bondi.
<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/2017/10/11/McInnes2.jpg" alt="">
It comes with a $3.3 million guide through Ray White for its November 11 auction.
The home will push the $3,387,000 record set late last year.
McInnes recently spent $12 million on a Toorak mansion.
 
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