Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Woolloomooloo

Allen Linz's Rebel Property Group is set to create a huge mixed-use precinct in&nbsp;the heart of Sydney.

Rebel Property Group, which Linz founded in the late 1990s and is behind some of the Eastern Suburbs most well known buildings, has submitted $161 million plans for a residential and retail precinct at&nbsp;164-192 William Street, Woolloomooloo, a huge 6,400 sqm site.

There will be 229 apartments across the striking 10-level building, which will feature extensive roof gardens by landscape architects Ground Ink&nbsp;as the building tiers toward the top levels.

<a href="/new-apartments/164-192-william-street-woolloomooloo-nsw-2011"><img alt="" data-entity-type="" data-entity-uuid="" height="1180" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-15_at_2.20.53_pm.png" width="1862" /></a>

Local multi-disciplinary design&nbsp;studio fjmt has handled what are&nbsp;the early designs of the project, suggesting that the&nbsp;characteristics of the site are well suited to residential use, due to the&nbsp;high level of sun access to the north and extensive views of Sydney Harbour,&nbsp;the Opera House, the Domain, and the Sydney CBD.

"It is well connected by public transport and represents an excellent opportunity to enhance Woolloomooloo village and help transform William Street into a city boulevard," the team noted in their submission to the City of Sydney.

<a href="/new-apartments/164-192-william-street-woolloomooloo-nsw-2011"><img alt="" data-entity-type="" data-entity-uuid="" height="958" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-15_at_4.00.56_pm.png" width="1544" /></a> 
The potential view from the development. Image credit: fjmt

The 229-apartment building, which will also front Dowling and Forbes Street as well as William,&nbsp;will be broken down in to 20 studios, 23 one-beds, 105 two-beds, 73-three beds and eight terraces.

"The proposal responds to its context by stepping down in height from 35m at William st where it matches the height of adjacent buildings to 22m at Judge Lane to transition to the lower scale terrace house of Woolloomooloo village," fjmt added.

<a href="/new-apartments/164-192-william-street-woolloomooloo-nsw-2011"><img alt="" data-entity-type="" data-entity-uuid="" height="1158" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-15_at_2.20.59_pm.png" width="1736" /></a>

"Two large communal courtyards with excellent solar access and outlook provide residents with the opportunity for passive and active outdoor recreation, ultimately improving their mental &amp; physical health and productivity

"The proposal provides adequate building separation to enable access to sunlight &amp; natural ventilation and ensure visual and acoustic privacy

"The apartments overlook the courtyards enabling passive surveillance of the communal open spaces. Similarly the terraces overlook the new through site link improving safety for pedestrians using this route."

<a href="/new-apartments/164-192-william-street-woolloomooloo-nsw-2011"><img alt="" data-entity-type="" data-entity-uuid="" height="791" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/woolloomooloo.jpg" width="1200" /></a>

A heritage review was undertaken for the four buildings currently on the site. There's a four-storey commercial building dating back to the late 1950s, Holden House Flats and Raymonds Flats, two groups of three-storey terraces dating back to the 1920s, and the two-storey warehouse, Holden House.

Rebel Property Group are prominent Sydney real estate developers, focused on the more high end of the apartment market.

Their high-profile projects include co-development of the $450m Pacific Bondi Beach&nbsp;into luxury residences, retail and hotel apartments, North&nbsp;at Milsons Point, The Bondi&nbsp;at Bondi Beach, and Top of the Town&nbsp;in Darlinghurst.

There will be 229 apartments across the striking 10-level building, which will feature extensive roof gardens by landscape architects Ground Ink as the building tiers toward the top levels.


First look: Woolloomooloo set for huge mixed-use apartment and retail village

<html><body>
The Sydney suburb of Woolloomooloo is among the top 10 fastest selling suburbs across Australia, according to Investar’s latest report.
The property data firm says that the average waiting time for units in Woolloomooloo is 41 days.
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
A recent example is a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-woolloomooloo-124812054" target="_blank">564/6 Cowper Wharf Road</a> (above) was listed for two weeks before it sold for $882,000.
Another example is a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-woolloomooloo-124910958" target="_blank">15/150-166 Forbes Street</a> (below) that stayed on the market for 19 days before it sold for $950,000.
<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/2017/06/14/15_150-166%20Forbes%20Street.jpg" alt="">
Properties in Woolloomooloo is in high demand with 1600 more website listing visits than most suburbs in NSW.
Independent residents account for 29 percent of the residents in the area.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Woolloomooloo units selling in quick time

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The Melbourne luxury retailer Harrolds owners have listed their Sydney apartment.
The Woolloomooloo bolthole has hit the market with a price guide of $1.3 million. 
The ground floor apartment comprises two bedrooms, two bathrooms, stone kitchen, and full-width terrace. 
It features oversized floorplan, parking and direct access to the gardens and swimming pool. 
Harrolds remains a family-run business in the care of managing directors, Mary and Ross Poulakis
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Melbourne luxury retailer Harrolds owners list Sydney apartment

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The veteran pub family patriarch Arthur Laundy has bought the The Bells Hotel in Woolloomooloo, swooping pre-auction as an acquisitive battle continues between rival Sydney publicans across Sydney.
The price guidance had been around $15 million, highlighting the frothiness in hotel prices over recent years.
The historic 1920s pub was sold before Thursday's scheduled auction to the Laundy family which now owns almost 30 hotels across NSW, including venues such as the Watsons Bay Hotel, the Woolwich Pier near Hunters Hill and the Quarryman's Hotel in Pyrmont.
Laundy recently expressed concern about "silly prices", signalling he'd be steering clear of what he called a "crazy market", but The Bells was irresistible.
Rival hotelier Justin Hemmes had been pinpointed as also having an likely interest in buying the pub.
The Laundy family net worth is put at $500 million while Hemmes' is estimated to preside over a $950 million hospitality and liquor empire.
The 77 year old Laundy is credited as heading the biggest independent hotel operator in New South Wales, which includes the neighbouring Woolloomooloo Bay Hotel which cost $20 million two years ago.
It was the Miles family who called time at The Bells after initially securing the leasehold in 1976.
The family bought Tooth out in 1990.
The pub at 1 Bourke Street was known for legendary matriarch Lil Miles, who worked behind the bar until age 96.
Erin Petersen, from the Miles family, said there had been a number of pre-auction offers.
“The family has loved the 45 years at Bells and while it is the end of an era for us we are happy to sell to Arthur, a long time local publican, who we are sure will only be an asset to further develop the potential of our much-loved pub” said Petersen.
The sale was secured by Andrew Jolliffe who has sold more than $1.75 billion of pubs in the past six years including the Centennial in Woollahra on behalf of the Medich family to Merivale's Justin Hemmes.
The Laundy family company, which has been in pubs since the 1940s, includes scions Stuart, the socialite publican who briefly won Sophie Monk's heart on The Bachelorette, and the politician Craig, who has been the Liberal member of Reid since 2013.
Arthur Laundy typically fronts up every day at the Laundy headquarters in the Twin Willows Hotel, built in 1963 by his late father at Bass Hill in Sydney's south-west after the land cost 38,000 pounds. 
The family pub business had began when Arthur's parents Arthur Sr and Veronica took on the Sackville Hotel at Rozelle in 1945.
It was in 1969 when young Arthur and wife-to-be Margaret took the reins of the family business, which was then just two hotels including the Twin Willows.
Jolliffe noted that interest in the Bells, a prominently positioned asset, was drawn from a wide spectrum of well-known hospitality operatives and commercial property specialists.
There have been four other hotel properties in the past few weeks, Jolliffe noted.
Sydney's biggest publicans include the Waugh family, the Ryan family, Peter Calligeros, the De Angelis family, the Arnout brothers, and Pat and Angela Gallgaher.
Hemmes and his family have ownership of 70 hotels, restaurants and venues around Sydney.
The sale comes on the eve of hotel giant Redcape’s billion-dollar stock market listing later this month.
The Bells Hotel, located adjacent to the Woolloomooloo Finger Wharf, features a main bar, bistro, courtyard, accommodation spanning the entire first level, and eight electronic gaming machines.
There had been a pub on the 340 square metre Bourke Street corner address since the 1860s.
The original ale house was called Punches servicing the workers of the wharves.
The Miles family lost a family member at the hotel in 2004 when Shane Miles, died from massive head injuries after being hit in the head with a bar stool during a wild brawl at his family's pub.
This article first appeared in The Daily Telegraph.
 
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Pub patriarch Arthur Laundy purchases The Bells Hotel in Woolloomooloo

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The recently relaunched Frisco hotel has been brought to market by Manenti Quinlan.
The Frisco, located at 46 Dowling Street, Woolloomooloo is to be sold via Private Treaty.
It is situated in the hospitality precinct of Woolloomooloo, close to the Sydney’s CBD.
Nick Butler from Manenti Quinlan stated, “the current owners have overseen an extensive renovation, relaunching with modern improvements while paying due respect to its naval heritage."
The Hotel, which has 17 gaming machines, is set on 323 sqm and earns around $3.5 million a year in revenue a year across food, bar and gaming.
Set over two levels, the Frisco’s bar, food and function offerings range from rivate dining options for 10 people expand to function packages for up to 350.
The Frisco also holds six accommodation rooms located on the third floor.
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Woolloomooloo's Frisco hotel on the market two years after makeover

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The two level penthouse atop Woolloomooloo's Crown Gardens has sold for $6.25 million.
The apartment, that last traded for $2.7 million in 2001, spans 460 sqm of the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-woolloomooloo-127836002" target="_blank">north east corner of the resort-style block.</a>
The lower level of the apartment holds the living and entertaining areas.
There's a state-of-the-art kitchen, lounge room and a large outdoor terrace with Weber gas barbecue.
Upstairs homes the three bedrooms, as well as a walled courtyard. 
Lifestyle Property agent Rohan Alexander sold the apartment which has just been leased at $3,000 a week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/6/Penty%201.jpg" alt="">
 
 
 
 
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Woolloomooloo penthouse fetches $6.25 million

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Fairfax Media property columnists have amended articles that reported the Academy award-winning actor Russell Crowe had sold two of his four apartments in Woolloomooloo Wharf last Saturday.
The Australian Financial Review's Su-Lin Tan had the Sunday "exclusive" which was followed up Monday by Lucy Macken at Domain, Channel 7 and The West Australian.
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The Sydney Daily Telegraph checked the initial report and did not publish on receiving a denial.
Macken's Monday afternoon rewrite wrote "in a bizarre twist, Russell Crowe’s media agent Grant Vandenberg denied any sale had occurred."
“It hasn’t sold and it wasn’t for sale,” Vandenberg told Domain which then duly noted as a footer that it had amended its initial $13 million sale report.
Their URL however remained: "Russell Crowe sells half home on Sydney's finger wharf."
Last month a prestige Bellevue Hill article was also amended subsequent to publication.
The AFR kept its headline and URL, and without any acknowledgement, amended its article to instead suggest Crowe "is in discussions to sell two of his Finger Wharf apartments in Woolloomooloo to new Sydney entrant Sam Barnett, former Western Australia premier Colin Barnett's youngest son, for just under $13 million."
The article confusingly further advised "an offer and acceptance for the sale of the two smaller Finger Wharf properties of about 900 square metres had occurred, but settlement of the property has not." 
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The AFR labelled the little known Barnett a "premium property investor", crediting him for having "negotiated the purchase of the two apartments privately."
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The original article was gushingly retweeted by fewer AFR colleagues than normal practice.
The near 1000-square-metre amalgamation of four lots was bought by Crowe in 2003 for a then-apartment record of $14.35 million. It was listed in 2016 with $30 million hopes, but pulled from the market last year despite offer around $25 million given Crowe's other property listings yielded high prices.
 
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Russell Crowe denies Fairfax Media reports of Woolloomooloo Wharf apartment sale 

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The veteran rag trader Wassim Gazal is set to upgrade at Woolloomooloo.
He has sold a 157 square metre three bedroom apartment on <a href="https://www.bresicwhitney.com.au/buy/6-cowper-wharf-road-woolloomooloo-17489" target="_blank">the wharf's second floor for $2.85 million</a> and bought a nearby townhouse apartment with marina berth for $5.55 million.
It was secured through Juzcorp, the company that he co-directs with brother, Ziab, who has a fourth floor wharf apartment.
The apartment acquisition was through BresicWhitney agent Nic Krasnostein from Gaby Kennard who paid $3.31 million for the waterfront position in 2013 and had Jonathan Richards from SJB Architects to completely rebuild.
This article first appeared in The Daily Telegraph. 
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Woolloomooloo upgrade for rag trader Wassim Gazal 

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The Sydney sales team of the liquidated Unique Estates are set to start with boutique Sydney firm, Lifestyle Property Agency, next week.
Carlie Ziri, the director of the Woolloomooloo-based agency, said she is 'blessed' to have the team start.
"Sad to see such potential go to waste," she commented.
Unique Estates collapsed earlier this week.
Simon Platt and Grant Dale are confirmed to start with Lifestyle.
They were two Sydney-based agents working for Unique. Platt was the Sydney licensee.
Lifestyle Property Agency have been operating since 2012.
The company's most recent sale was in early December when they sold a one bedroom apartment in the Domain building in Woolloomooloo for $1.17 million.
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Sydney's Unique Estates agents to join Lifestyle Property Agency

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Gaby Kennard, the first Australian woman to fly around the globe by airplane, has snappily sold her Woolloomooloo apartment with marina berth for $5.55 million.
It was well before next month's scheduled auction.
The <a href="https://www.realestate.com.au/sold/property-apartment-nsw-woolloomooloo-126565566" target="_blank">three bedroom, two bathroom apartment</a> had a guide of $5 million to $5.5 million through BresicWhitney Darlinghurst agent Nic Krasnostein.
Kennard paid $3.31 million for the waterfront in 2013 and called on Jonathan Richards from SJB Architects to completely rebuild.
<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/2017/11/1/Kennard2.jpg" alt="">
Kennard took 99 days to complete her journey circling the world, which began in 1989.
She covered 29,000 nautical miles (54,000 kilometres) and followed Amelia Earhart's route as much as possible.
This article first appeared in the Saturday Daily Telegraph.
 
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