717799b1-8672-4050-ac29-7d444b2c0d3d

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Australia’s most coveted properties have been been revealed with neighbouring waterfront Point Piper mansions owned by <a href="https://theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper" data-mce-href="https://theurbandeveloper.com/articles/sydney-central-station-tech-hub-includes-atlassian-anchored-skyscraper">Atlassian</a> co-founders, Mike Cannon-Brookes and Scott Farquhar topping <a href="https://www.theaustralian.com.au/business/property/top-50-mansions" data-mce-href="https://www.theaustralian.com.au/business/property/top-50-mansions">the list</a>.</p><p>In its inaugural list, the <em>Weekend Australian</em> revealed that while the largest number of multi-million-dollar property sales are in New South Wales, Melbourne suburb Toorak attracts the highest concentration of Australia’s wealthiest people.</p><p>“Given that property is a national obsession, we wanted to take our readers inside some of the country’s most exclusive homes,” editor of <em>The List: Australia’s 100 Best Mansions</em>, David Meagher said.</p><p>According to the <a href="https://www.theaustralian.com.au/business/property/top-50-mansions" data-mce-href="https://www.theaustralian.com.au/business/property/top-50-mansions">inaugural edition</a>, here are the nation’s top 10.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>1. Fairwater Mansion in Point Piper</strong></h2><p>Price: $100 million</p><p>Year: 2018</p><p>Owner: Mike and Annie Cannon-Brookes</p><p>Suburb: Point Piper, Sydney</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f8ce2178-439f-48b5-b745-986d64d09d83.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f8ce2178-439f-48b5-b745-986d64d09d83.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ Fairwater Estate.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Atlassian Co-Founder Mike Cannon-Brookes and his wife Annie <a href="https://theurbandeveloper.com/articles/atlassian-co-founder-mike-cannon-brookes-buys-late-lady-mary-fairfaxs-100m-fairwater-mansion" data-mce-href="https://theurbandeveloper.com/articles/atlassian-co-founder-mike-cannon-brookes-buys-late-lady-mary-fairfaxs-100m-fairwater-mansion">purchased</a> what was Australia’s most expensive property in 2018, the <a href="https://theurbandeveloper.com/articles/lady-fairfaxs-point-piper-estate-hits-the-block-and-could-be-australias-first-100-million-sale" data-mce-href="https://theurbandeveloper.com/articles/lady-fairfaxs-point-piper-estate-hits-the-block-and-could-be-australias-first-100-million-sale">late Lady Mary Fairfax’s</a> 2.77 acre Sydney Harbour estate, Fairwater.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/8265ab65-ef66-46cc-9638-6a34d5fb06e9.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/8265ab65-ef66-46cc-9638-6a34d5fb06e9.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The property represents the largest privately-owned beachfront landholding on Sydney Harbour.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>2. Elaine Estate, Point Piper</strong></h2><p>Price: $71 million</p><p>Year: 2017</p><p>Owner: Scott Farquhar</p><p>Suburb: Point Piper, NSW</p><p>Fellow tech mogul and Atlassian Co-Founder Scott Farquhar owns the <a href="https://theurbandeveloper.com/articles/atlassian-co-founder-mike-cannon-brookes-buys-late-lady-mary-fairfaxs-100m-fairwater-mansion" data-mce-href="https://theurbandeveloper.com/articles/atlassian-co-founder-mike-cannon-brookes-buys-late-lady-mary-fairfaxs-100m-fairwater-mansion">Elaine estate next door</a>.</p><p>Prior to the 2017 purchase the Fairfax family had owned the Victorian mansion in the Sydney waterfront suburb for 126 years.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/29a61ae0-d3fc-4b87-b02c-dad2d0a78a18.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/29a61ae0-d3fc-4b87-b02c-dad2d0a78a18.jpg"></picture><div><br></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>3. La Mer, Vaucluse</strong></h2><p>Price: $70 million</p><p>Year: 2015</p><p>Owner: Chau Chak Wing</p><p>Suburb: Vaucluse, NSW</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/0600d9c2-6f5d-4492-afaf-bf5f4fb005bf.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/0600d9c2-6f5d-4492-afaf-bf5f4fb005bf.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ La Mer Vaucluse</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Billionaire property developer Chau Chak Wing <a href="https://www.realestate.com.au/sold/property-house-nsw-vaucluse-105598134" data-mce-href="https://www.realestate.com.au/sold/property-house-nsw-vaucluse-105598134">purchased the six storey mansion</a> from James Packer and his former wife Erica Baxter in 2015, at the time the highest price paid for an Australian property.</p><p>The Packers secured the property for $18 million in mid-2009.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/9196cd1d-b7a0-4d2e-b48f-30796f3aa073.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/9196cd1d-b7a0-4d2e-b48f-30796f3aa073.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ La Mer Vaucluse</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>4. Phoenix Acres, Vaucluse</strong></h2><p>Price: $65.25 million</p><p>Year: 2017</p><p>Owner: Jerry Schwartz</p><p>Suburb: Vaucluse, NSW</p><p><a href="https://theurbandeveloper.com/articles/jerry-schwartz-snaps-up-gold-coast-ralan-project-43m" data-mce-href="https://theurbandeveloper.com/articles/jerry-schwartz-snaps-up-gold-coast-ralan-project-43m">Hotel Mogul and cosmetic surgeon Jerry Schwartz</a> and his wife Debbie purchased the Vaucluse estate from Singaporean billionaire and luxury property developer Chio Kiat Ow.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/5e6a0bf4-83e1-4469-af6b-80c90d492af0.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/5e6a0bf4-83e1-4469-af6b-80c90d492af0.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The six bedroom, six bathroom home spans a 3700sq m estate. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>5. Altona, Point Piper</strong></h2><p>Price: $61.8 million</p><p>Year: 2016</p><p>Owner: Jiaer Huang and family</p><p>Suburb: Point Piper, NSW</p><p>Built in 1904, the property was purchased by the billionaire family from China in 2016.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d91b3693-99ee-4179-880d-fdb1ae5ba07a.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d91b3693-99ee-4179-880d-fdb1ae5ba07a.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ Altona mansion, Point Piper.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>6. Point Piper</strong></h2><p>Price: $60.66 million</p><p>Year: 2016</p><p>Owner: Andy Wenlei Song</p><p>Suburb: Point Piper, NSW</p><p>Luxury car dealer Neville Crichton sold the Point Piper mansion to stock trader Andy Wenlei Song in 2016.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/cf52349b-813f-4052-bc9d-14d69ce873cb.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/cf52349b-813f-4052-bc9d-14d69ce873cb.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The Point Piper mansion changed hands for $60.66 million in 2016</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>7. Vaucluse, Sydney</strong></h2><p>Price: $60 million</p><p>Year: 2016</p><p>Owner: Leon Kamenev</p><p>Suburb: Vaucluse, NSW</p><p>Menulog co-founder Leon Kamenev purchased the Sydney waterfront property for $60 million as part of plans for an amalgamation.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2fc67e8b-39df-439d-89fb-725b15d54c89.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2fc67e8b-39df-439d-89fb-725b15d54c89.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ Kamenev, who arrived in Australia in 1990 as a refugee from the Soviet Union, purchased the site in 2016.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>8. Rona Estate</strong></h2><p>Price: $58 million</p><p>Year: 2018</p><p>Owner: Richard Scheinberg</p><p>Suburb: Bellevue Hill, NSW</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ecb0fa25-415d-432d-a34d-d0948636477e.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ecb0fa25-415d-432d-a34d-d0948636477e.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The 1883 sandstone mansion known as 'Rona' in Sydney's Bellevue Hill.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Built in 1883, the<a href="Listing: https://www.realestate.com.au/sold/property-house-nsw-bellevue+hill-124613006" data-mce-href="Listing: https://www.realestate.com.au/sold/property-house-nsw-bellevue+hill-124613006"> Bellevue Hill estate</a> changed hands for the third time when it sold to Richard and Jacqui Scheinberg.</p><p>Property tycoon Terry Agnew had owned the Ginahgulla Road property, purchasing it for $20.5 million in 2004.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/4e46a8d4-7768-40c1-a20e-836470084649.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/4e46a8d4-7768-40c1-a20e-836470084649.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The Bellvue Hill home has five bedrooms, six bathrooms and space for eight cars.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>9. Saunders St, Mosman Park </strong></h2><p>Price: $57.5 million</p><p>Year: 2009</p><p>Owner: Chris Ellison</p><p>Suburb: Mosman Park, WA</p><p>Mineral Resources boss Chris Ellison and his wife Tia purchased the Saunders Street mansion from mining heiress Angela Bennett in 2009.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/df45dc00-7829-4b54-886b-20892cf336ba.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/df45dc00-7829-4b54-886b-20892cf336ba.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The 7,567sq m riverside property was on the market for two years before selling.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>10. Stonington Mansion</strong></h2><p>Price: $52.5 million</p><p>Year: 2018</p><p>Owner: Unknown</p><p>Suburb: Malvern, VIC</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/4c830022-ba05-4afb-b11e-42e2d45074a7.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/4c830022-ba05-4afb-b11e-42e2d45074a7.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ Stonington Mansion in Melbourne suburb Malvern.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Art dealer Rod Menzies broke Victoria’s residential price records with the eye-watering $52.5 million sale of the mansion to an undisclosed buyer last year.</p><p>Stonington Mansion, at 336 Glenferrie street, is a private residence and former Australian Government House.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/1b7e09c9-604f-4d8e-b437-f7a35e21ce1d.jpg" width="800" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/1b7e09c9-604f-4d8e-b437-f7a35e21ce1d.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ Malvern’s Stonington Mansion</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Related: <a href="https://theurbandeveloper.com/articles/lendlease-sells-australias-most-expensive-home-for-140m-" data-mce-href="https://theurbandeveloper.com/articles/lendlease-sells-australias-most-expensive-home-for-140m-">Australia’s Most Expensive Home Sells For $140m</a></p><p><br data-mce-bogus="1"></p></div></div></div></div></div>

Australia’s most coveted properties have been been revealed. 

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Melbourne’s record for its most expensive apartment transaction has been smashed with the $30 million sale of a two-story penthouse in Tim Gurner’s luxury Saint Moritz development in St Kilda. </strong></p><p>The seven-bedroom, seven-bathroom sky home, complete with its own two-storey cascading water feature, transacted off-market prior to the development’s public launch planned for June.</p><p>Melbourne&#x27;s most expensive apartment buyer is Antony Catalano, who will relocate his family from their sprawling waterfront Melbourne mansion into the luxury apartment.</p><p>The deal achieved an unprecedented $40,000 per square metre sale price, making the transaction the second biggest apartment sale in the nation. </p><p>The most expensive was a $40 million apartment sale in Sydney.</p><p>Related: <a href="https://theurbandeveloper.com/articles/ex-domain-boss-catalano-buys-into-property-media-agency">Ex-Domain Boss Catalano Buys into Property Media</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/a793222f-e978-4da3-9d63-6513cdec80a0.png" width="1019"/></picture><div><span style="align-content:center;opacity:0.8">Ex-Domain boss Antony Catalano, and father of eight, has emerged as the $30 million buyer of Melbourne&#x27;s most expensive apartment. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><br><strong>So, what kind of bang do you get for $30 million bucks? </strong></h2><p>The two-storey penthouse is designed over 650sq m internally and 150sq m externally. </p><p>Offering seven bedrooms, it also comes with a seven-car private garage with direct lift access, four living rooms, an in-home sauna, gymnasium, and two private pools.</p><p>Design features include the cascading two-storey water feature surrounded by marble-clad walls.</p><p>There are two internal pools, one that submerges into the lower levels so you can see people swimming from the kitchen (of course...), and another internal pool that submerges into the rooms below (complete with transparent glass so you can be viewed from the lower level). </p><p>The luxury apartment also comes with a floating fireplace, a spiralled staircase which leads down to the 1000-bottle temperature-controlled wine cellar, and of course a solid Nero Marquina bathtub offering 180-degree water views of the St Kilda waterfront location.</p><p>Related: <a href="https://theurbandeveloper.com/articles/gurner-40m-penthouse-st-kilda">Gurner Reveals Plans for $40m Penthouse at St Kilda Site</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/6cc45364-a5ce-4fbe-8beb-aa7cd85d4f37.jpg" width="2956"/></picture><div><span style="align-content:center;opacity:0.8">The penthouse, complete with pool views.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Selling agent chief executive of Christie’s International&#x27;s Victorian arm Sean Cussell says the penthouse family purchase “challenges traditional thinking on what constitutes a family home”.</p><p>“The couple will be moving their large family into the penthouse, which is a trend we are seeing more and more as Melbourne families sell their traditional established homes in favour of the convenience, comfort, amenity and security of a modern building,” Cussell said.</p><p>Developer Tim Gurner said there was no intention of selling the penthouse until the launch.</p><p>“But once word got out we were swamped with interested buyers – all local Melbourne identities,” he said.</p><p>“We had five interested buyers and two quickly became very competitive.”</p><p>Gurner said his team worked with the successful buyer to design and customise the penthouse with them before formalising the sale which has now been completed.</p><p>“The contracted price is under strict confidentiality but we had an asking price of $30million and it’s fair to say I am extremely happy with the result.”<br><br>Related: <a href="https://theurbandeveloper.com/articles/rich-list">2018 AFR Young Rich List: Top 5 Property Players</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/0c1ec732-c4bb-47bb-b20a-b573fbc7712e.jpg" width="2932"/></picture><div><span style="align-content:center;opacity:0.8">The Catalano&#x27;s new bath and 1000-strong wine cellar.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><br><strong>Saint Moritz</strong></h2><p>The 6,000sq m site, <a href="https://theurbandeveloper.com/articles/st-kilda-novotel-site-in-store-for-luxury-apartments-">located at 14-16 The Esplanade, is owned by Sydney property developer Greg Shand</a>, who partnered with Gurner to replace the existing Novotel Hotel with the high-end residential development.</p><p>Plans will see it transformed into three, luxury eight-story towers with fewer than 40 apartments per building.</p><p>Gurner is currently designing another penthouse in the second building that will be priced somewhere around the $25 million- to-$30 million mark. </p><p>“This will be launched as part of our ‘Penthouse Collection’ prior to the main project launch in June this year,” he said.</p><p>Saint Moritz will offer 120 private residences comprising two, three bedroom, four, five and six bedroom offerings, with prices ranging from $1.4 million to $30million-plus.</p></div></div></div></div></div>

Records smashed for Melbourne’s most expensive apartment sale in St Kilda.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Luxury apartments in the second residential tower at Barangaroo’s $4-billion One Sydney Harbour have been unveiled as they go to market.</p><p>Lendlease anticipated a strong appetite for its second offering after the record-setting sale of Residences One’s penthouse for more than $140 million, and 85 per cent of the tower worth more than $2 billion sold off the plan</p><p>Residences Two, designed by Pritzker Prize-winning architects Renzo Piano, would include 322 homes across 68 levels. </p><p>Architect Renzo Piano said the building would capture “the essence of this city”.</p><p>“The sense of transparency, sense of light, that’s why we immediately started to think about these buildings as being like crystals, playing one to the other,” Piano said.</p><p>“When you go down you find yourself in a beautiful green area in front of the water.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d061c5ab-b7d5-4d1a-909d-9a39eb0d6619.png" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Luxury apartments have been unveiled at Residences Two as part of the $4bn One Sydney Harbour at Barangaroo. Images: Lendlease</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>With its enviable position on the harbour the buildings will be one of the most prominent features on Sydney’s skyline, standing at 235m, after an application to <a href="https://www.theurbandeveloper.com/articles/lendlease-one-sydney-harbour-development-application">increase the height</a> of the building a further 8 storeys. </p><p>Prices start at more than $2 million for a one-bedroom apartment, two-bedroom apartments will be in excess of $3.5 million, and three-bedrooms will carry a $5-million price tag. </p><p>The luxury homes with north facing views over Sydney Harbour Bridge and Opera House start at more than $12 million.</p><p>The building will also include a residents lounge, jacuzzi, steam room and sauna, internal and external pools, private dining room, billiards and wine room, gym, pilates, yoga and treatment rooms—accessed via bridges between the two buildings. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/aa30b84e-6550-4207-8b58-1eb68652ef33.png" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Resident amenities include an indoor and outdoor pool, gymnasium, treatment rooms, and a wine and billiards room that are accessed via private bridges between Residences One and Residences Two. Image: Lendlease</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Lendlease head of residential Ben Christie said One Sydney Harbour had set the benchmark as Australia’s “most exclusive residential address”.</p><p>“We have accelerated the on-market launch of Residences Two and sales to date are going very well, owing to high levels of demand from local owner-occupiers who recognise the uniqueness of this offering as a once-in-a-generation opportunity,” he said.</p><p>“Sales to date include several large apartment purchases, with some customers seeking to amalgamate these into substantial homes.”</p><p>The first tower is due for completion in 2023, with overall completion in 2024, employing more than 1400 people. </p></div></div></div></div></div>

Luxury apartments in the second residential tower at Barangaroo’s $4-billion One Sydney Harbour have been unveiled as they go to market...

Beulah International

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Beulah International has sold 70 per cent of its high-end Fawkner house project, and secured a $16 million sale price for its luxury penthouse after launching to market last month.</strong> </p><p>Proving there is steady demand in the prestige property market, Beulah has sold seven of the ten high-end <a href="https://theurbandeveloper.com/articles/beulah-international-brings-prestige-property-to-south-yarra">South Yarra apartments with prices starting at a staggering $4.9 million</a>.  </p><p>Despite reports of a slowing apartment market, Beulah International founder Adelene Teh said the sales reaffirm the group’s view there’s a market for luxury offerings with proximity to key amenities. </p><p>“We’re witnessing an increase demand for prestige property in established blue chip suburbs, but more so in the apartment sector as people are beginning to understand the convenience of living in an apartment building,” Teh told <em>The Urban Developer</em>.</p><p>Related: <a href="https://theurbandeveloper.com/articles/growlands-high-end-st-kilda-tower-takes-parking-to-new-heights">Luxury St Kilda Tower Takes Car Parking to New Heights</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/e5acdca3-dc3e-48fa-ad9d-5c7157b3e189.jpg" width="1912"/></picture><div><span style="float:right;opacity:0.8">Supplied</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p><p>The medium-density development comprises eight three-bedroom apartments and two four-bedroom penthouses, after Teh’s team drastically scaled back the development plans.</p><p>“Not only did we remove an entire level to make the ceilings higher, we reworked the floor plans from 36 apartments to 10 hyper-luxury, house-sized residences,” Teh said.  </p><p>Plans for the $16 million penthouse include a custom-designed “house in the air” with views of Fawkner Park.  </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/a4a7c403-d463-4283-9bc1-f3092e22be5f.jpg" width="3264"/></picture><div><span style="float:right;opacity:0.8">Supplied</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Beulah’s founder believes the prestige market will continue to increase across the next 18 months.</p><p>“We’re witnessing a shift in lifestyle, people are travelling more and they appreciate an urban lifestyle, where they like to be close to everything – late night shopping, award-winning restaurants and cafes and of course, less commute time.”  </p><p>There are several ultra-luxe apartment developments in the pipeline across Melbourne.</p><p>Beulah is soon to announce the <a href="https://theurbandeveloper.com/articles/heavyweight-architecture-shortlist-announced-for-2bn-southbank-project">winner of its heavy-hitting architecture shortlist</a> for its $2 billion mixed-use project in Southbank. </p></div></div></div></div></div>

Beulah International has sold 70 per cent of its high end Fawkner house project, along with securing a $16 million sale price for its luxury penthouse

One Sydney Harbour Skyscrapers Pass $3bn Sale Mark

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Lendlease’s One Sydney Harbour residential towers have chalked-up more than $3 billion in sales as the third and final tower of the project goes to market. </p><p></p><p>Lendlease managing director Tom Mackellar said the $3-billion milestone “speaks to the high demand of local owner-occupiers and downsizers”. </p><p></p><p>Residences One and Two in the waterfront Barangaroo South precinct are now 83 per cent sold.</p><p>The third tower, Watermans Residences, will now be launched earlier than intended, Mackellar said, due to the project’s overall success.</p><p>Residences One made headlines in 2019 with the <a href="https://www.theurbandeveloper.com/articles/lendlease-sells-australias-most-expensive-home-for-140m-">sale of its penthouse for $140 million</a>, making it Australia’s most expensive home.</p><p></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ca574224-c3b6-421e-b4bb-1ea546b66404.jpg" width="3148"/></picture><div><span style="align-content:center;opacity:0.8">▲ The 30-level Watermans Residences is the third and final tower in Lendlease’s three-building One Sydney Harbour residential precinct. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The tower has a 6-Star Green Star rating from the Green Building Council Australia, with Residences Two and Watermans Residences will also aiming for that rating.</p><p></p><p>Apartment prices at Watermans Residences start at $1.42 million for a one-bedroom apartment. </p><p></p><p>“We’ve received strong interest since releasing to our VIP database and expect this demand will continue once we’ve launched the last tower to market in the coming weeks,” Mackellar said.</p><p></p><p>Once complete, the 30-storey tower will have 162 contemporary high-end luxury design apartments with north-facing park, city and water views. </p><p></p><p>A sky garden will also be part of the building along with amenities including a jacuzzi spa and steam room, swimming pools, and a private dining room, wine room and billiards room in Residences One and Two. </p><p></p><p></p><p></p><p></p><p></p><p>The entire One Sydney Harbour precinct has taken more than a decade to complete and is a mixed use sustainable extension of Sydney’s CBD. Completion is slated for 2024.</p></div></div></div></div></div>

Lendlease’s One Sydney Harbour residential towers have moved past $3 billion in sales right before their third and final tower on the property...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Feature </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/2.jpg" width="490"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>read all about it</p></div></div></div><div class="row ci"><div class="cell cell-sm-6 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/31207171-541c2bc2-a9c8-11e7-8092-827f0bdae53a.png" width="500px"/></picture><div></div></div></div></div><div class="cell cell-sm-6 cx12"><div class="ci cl"><div><blockquote><p><b>Something someone special said.</b></p>--Someone Special<cite></cite></blockquote></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>I don&#x27;t think anybody knows it was Russia that wrote Lorem Ipsum, but I don&#x27;t know, maybe it was. It could be Russia, but it could also be China. It could also be lots of other people. It also could be some wordsmith sitting on their bed that weights 400 pounds. Ok? I have a 10 year old son. He has words. He is so good with these words it&#x27;s unbelievable. I think the only card she has is the Lorem card. Lorem Ipsum best not make any more threats to your website. It will be met with fire and fury like the world has never seen. The best taco bowls are made in Trump Tower Grill. I love Hispanics!</p><p>That other text? Sadly, it’s no longer a 10. You have so many different things placeholder text has to be able to do, and I don&#x27;t believe Lorem Ipsum has the stamina.</p><p>You&#x27;re telling the enemy exactly what you&#x27;re going to do. No wonder you&#x27;ve been fighting Lorem Ipsum your entire adult life. You&#x27;re telling the enemy exactly what you&#x27;re going to do. No wonder you&#x27;ve been fighting Lorem Ipsum your entire adult life. Be careful, or I will spill the beans on your placeholder text.</p><p>Lorem Ipsum&#x27;s father was with Lee Harvey Oswald prior to Oswald&#x27;s being, you know, shot.</p></div></div></div></div></div>

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>House prices made the biggest jump in a decade, according to Corelogic&#x27;s results for the last quarter.</p><p>The best performing capital city was Sydney with 6.2 per cent growth, followed closely by Melbourne at 6.1 per cent, Hobart had a 3.4 per cent jump, Brisbane 2.4 per cent, Canberra 2.3 per cent, while Adelaide experienced a 1.4 per cent uptick.</p><p>The quarterly growth in national house prices marked the fastest gain since November 2009. </p><p>However, there were decreases in Perth at 0.1 per cent and Darwin 1.4 per cent over the quarter which was reflected in a bigger drop for these areas over 2019.</p><p>Corelogic head of research Tim Lawless said the big jump in some areas was caused by a drop in home values in the first half of the year and a seven per cent rebound over the second half of the year.  </p><p>“The housing value rebound was spurred on by lower mortgage rates, a relaxation in borrower serviceability assessments, improved housing affordability and renewed certainty around property taxation policies post the federal election,” Lawless said.</p><p>“Lower advertised stock levels persisted providing additional upwards pressure on prices amidst rising buyer activity.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><table><thead><tr><th></th><th>Monthly change (%)</th><th>Quarterly change (%)</th><th>Annual change (%) </th><th>Median value</th></tr></thead><tbody><tr><th>Sydney</th><th>1.7%</th><th>6.2%</th><th>5.3%</th><th>$840,072</th></tr><tr><th>Melbourne</th><th>1.4%</th><th>6.1%</th><th>5.3%</th><th>$666,883</th></tr><tr><th>Brisbane</th><th>0.7%</th><th>2.4%</th><th>0.3%</th><th>$497,491</th></tr><tr><th>Adelaide</th><th>0.5%</th><th>1.4%</th><th>-0.2%</th><th>$433,845</th></tr><tr><th>Perth</th><th>0.0%</th><th>-0.1%</th><th>-6.8%</th><th>$437,080</th></tr><tr><th>Hobart</th><th>0.2%</th><th>3.4%</th><th>3.9%</th><th>$474,186</th></tr><tr><th>Darwin</th><th>-0.5%</th><th>-1.4%</th><th>-9.7%</th><th>$388,018</th></tr><tr><th>Canberra</th><th>0.1%</th><th>2.3%</th><th>3.1%</th><th>$611,841</th></tr><tr><th>National</th><th>1.1%</th><th>4.0%</th><th>2.3%</th><th>$537,506</th></tr></tbody></table></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Despite the quarterly results, property values across most regions of Australia were still below their previous record highs with the exception of Hobart, Canberra and Tasmania which were already tracking at record highs. </p><p>If this rate continues the national housing market should record a nominal recovery in March as dwelling values push higher to new record highs.</p><p>The strong finish to 2019 is expected to be the start of larger gains in prices with anticipated listings, sales and RBA cuts to strengthen the market in coming months. </p><p>Capital Economics economist Marcel Thieliant said sales volumes were much stronger in recent months than the preliminary data suggested. </p><p>“Our sales-to-new listings ratio now points to house prices rising by around 10 per cent per annum. The auction clearance rate, which has hovered around 70 per cent in recent weeks, tells a similar story,” he said.</p><p>Thieliant added if the RBA cut rates again, as they anticipated, house price growth should slow from 8 per cent this year to 5 per cent next year as housing affordability would be the lowest since the GFC by mid-2021.</p></div></div></div></div></div>

Drop in first half of year leads to the fastest growth in house prices in a decade

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>The world&#x27;s tallest residential building set to tower over New York&#x27;s iconic central park has officially launched to market.</strong></p><p>The Central Park Tower, delivered by Extell Development Company, will soar 472.4 metres when completed. </p><p>New York&#x27;s newest skyscraper, designed by Adrian Smith + Gordon Gill, is located at 217 West 57th Street or “Billionaire’s Row” with famed central park sitting directly to the north.</p><p>Related: <a href="https://theurbandeveloper.com/articles/ny-architect-oana-stanescu-speaks-on-richard-meier-kanye-west-africa-and-the-worlds-first-floating-pool">NY Architect Oana Stanescu on Richard Meier, Kanye West and the World&#x27;s First Floating Pool</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/6892141a-a208-495f-b2d5-7e353baf2d3f.jpg" width="3264"/></picture><div><span style="align-content:center;opacity:0.8">Building amenities include a private club, valet parking, a private screening room with a state-of-the-art sound system, and a 20-metre swimming pool.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The tower will comprise 179 luxury two- to eight-bedroom apartments, designed by Rottet studio, which will range in size from 133sq m to more than 1626sq m, starting from the 32nd floor.  </p><p>“Over a decade of planning and collaboration with the world’s most talented architects, engineers and designers has resulted in Manhattan&#x27;s newest iconic structure,&quot; Extell founder Gary Barnett said. <br><br>A penthouse, located on the 95th floor has reportedly been on the market for an eye-watering $82 US million ($116 million). </p><p>Related: <a href="https://theurbandeveloper.com/articles/worlds-most-popular-destinations-revealed">World&#x27;s Most Popular Destinations Revealed</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ccec15d7-8519-4684-a1a0-7cba8e0731ba.jpg" width="883"/></picture><div><span style="align-content:center;opacity:0.8">At a height of 91 metres from the street level, the tower cantilevers to the east, creating Central Park views for north facing residences.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Extell established what is now known as billionaire’s row, building the first supertall tower on 57th Street called One57. It&#x27;s also home to the city&#x27;s most expensive apartment which sold for $100.5 million.</p><p>The design firm’s Gordon Gill says the Central Park Tower was desinged to take advantage of the spirit of the great city of New York.  </p><p>“One of the greatest responsibilities of architecture is to continue to elevate experiences yet create structures that are elegant and respectful,” Gill said. <br><br>Related: <a href="https://theurbandeveloper.com/articles/top-10-tallest-residential-buildings-in-australia">Top 10 Tallest Residential Buildings in Australia</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/d1633a99-961f-4bed-814b-47caaae7a0a1.jpg" width="900"/></picture><div><span style="align-content:center;opacity:0.8">&quot;The building’s façade combines elements of glass and satin-finished stainless steel accentuating the interplay of texture and light.&quot; Gill </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Adrian Smith + Gordon Gill are also behind the world’s next tallest building <a href="https://theurbandeveloper.com/articles/construction-on-the-worlds-tallest-skyscraper-moves-ahead">the Jeddah Tower, currently under construction in Saudi Arabia</a>.  </p><p>Extell’s in house marketing team are managing the sales for Central Park Tower, with first closings slated in late 2019.</p></div></div></div></div></div>

“The definitive New York skyscraper” will soar 274 metres high when complete.

LUXURY HOUSING