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penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development in 2019 and is also working on LendLease’s second tower Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels “reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure the development is targeting a 5 Star Green Star certification Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works including remediation of pre-existing wharf piles installation of raker piles and construction of the extension to Australia Walk are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address .. which took just a handful of hours to emerge on Saturday night the Coalition’s failure to sway voters has come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support it got the thumbs down from many of Australia’s top economists who said the measure could prove highly inflationary among other issues.\u003c/p\u003e\u003cp\u003eSimilarly its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out that the Coalition’s rejection of the Green’s policies around housing supply affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP went to the polls spruiking an extension of schemes introduced during its previous term including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme under which the Government pays up to 40 per cent of the house price to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se or the lack of detail and depth to the Coalition’s the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear been endorsed to follow through on its policies and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion 100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have made many changes to how they enable home development The Federal Government’s support of that is crucial to its success material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook #f4a71c);background:var(--Primary-Yellow-99 #fffdf7);}@media (min-width:0px){.mui-10cmey2{padding:20px;}}@media (min-width:767px){.mui-10cmey2{padding:30px;}}@media (min-width:1050px){.mui-10cmey2{padding:40px;}}.mui-19o9i2l{background-color:#fff;color:rgba(0 0.87);-webkit-transition:box-shadow 300ms cubic-bezier(0.4 1) 0ms;transition:box-shadow 300ms cubic-bezier(0.4 1) 0ms;border-radius:4px;border:1px solid rgba(0 0.12);}.mui-1extoah:hover{box-shadow:none;}.mui-1extoah.Mui-focusVisible{box-shadow:none;}.mui-1extoah:active{box-shadow:none;}.mui-1extoah.Mui-disabled{box-shadow:none;}ADVERTISEMENTSHAREEmailLinkedinFacebookTwitterPrintResidentialClare BurnettTue 29 Apr 25LEC Overturned Clearing Way for Fortis Elizabeth Bay PlanTUD+ Member Only Content two-level mansion in Sydney’s eastern suburbs – known by locals as the “Pink Palace” – has finally sold after more than 20 years on the market “It has an approved development application to be refurbished and repurposed, not demolished and rebuilt,” said sales agent William Manning of McGrath Estate Agents Double Bay doesn’t know yet what he wants to do with it Or it could literally be any of them or all of them.” The massive mixed-use building on 300 square metres of land is at 10 Ward Avenue with potentially fabulous views over the harbour It’s likely to get a rooftop viewing platform it’s also known as “The Mystery House” with one local dubbing it “the Addams Family meets Dame Edna” decorative arches and castellated wall trimmings at the back but many onlookers were bemused at how she lived in such a vast property the house was flooded with curious neighbours eager to see inside South Coogee house prices rise by $560,559 in 12 months Original Brisbane dairy cow shed converted into multimillion-dollar house Crazy Australian price rises: Bellevue Hill Surfers Paradise chalk up massive gains in 90 days although many were delighted to see some of the walls painted the same pink – albeit now peeling – as the outside Manning says he’s never experienced such a flow of phone calls texts and emails asking about the property and its likely future “For more than 35 years I’ve admired the building myself,” said Manning, who sold it with fellow agent Luke Hogan. “It’s an iconic building in the area and excited a lot of interest. Everybody is just fascinated by it and to see what it will become.” the old “For Sale” sign on the outside had grown so faded over the years that it could barely be read and had to be replaced there have been rumours that the owner wanted $14 million for the property “The new owner is thinking it could be office space with a cafe downstairs or it could be a hotel or a Bed & Breakfast for 23 years and has been used as a single residence.” Another local agent, Shannon Cleary of Ray White The Woollahra Group, said the building was a local landmark. “But it sat on the market for so long, with the owner, at one point, looking for $14 million. “It’s been regarded as such a mystery house for so long, it will be nice to see it come back to life.” The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. where we are privileged to live and operate Share via...Gift this articleSubscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe A recently completed Elizabeth Bay penthouse with views from the Opera House to the Sydney Heads has hit the market asking $9 million atop the building the Beatles stayed in when they toured Australia in 1964 The two-storey penthouse is the luxury brainchild of husband-and-wife developer duo Ian Day and interiors queen Alexandra Kidd who created the opulent abode by acquiring the airspace above the former Sheraton Hotel on Macleay Street SaveLog in or Subscribe to save articleShareCopy link Gift 5 articles to anyone you choose each month when you subscribe. Follow the topics, people and companies that matter to you. stay for the community spirit at this interesting corner store“You walk in and you can get everything,” says the owner of Juno and Sons shop and cafe in Elizabeth Bay Remove items from your saved list to add more Add articles to your saved list and come back to them anytime Sitting in Terry Higgins’s corner store Juno and Sons, a small, community-minded and magnificently produce-lined shop and cafe in Elizabeth Bay, the door swings open with locals and long-time customers every five minutes. “Hello, lovely,” Higgins says to a visitor arriving with their regular coffee order and a look of excitement at the Basque cheesecake and lemon currant tea biscuits on the counter. Two metres away, at a long central table holding bowls of lemons and tomatoes, packets of Hunted and Gathered chocolate, jars of Ugly Food and Co chilli oil, bottles of Katie Swift passionfruit, and strawberry and rose, cordials, stacks of Japanese ceramic bowls and a vase of tall and leafy bay leaf branches, two women eat toasties. The Juno chicken sandwich.Kate GeraghtyHaving met in the store a few months ago, the pair, munching on ham and tomato relish, and free-range chicken and provolone, toasties (made with focaccia from Organic Bread Bar on South Dowling Street) from today’s menu, are now close friends. “What do you think?” Higgins asks them. Nods are given, both too engrossed in their sandwiches to talk. Even an hour at Juno and Sons, which opened in 2023, shows its unique offering. People eat at the communal table inside, or drink coffee on the yellow metal stools on the footpath, with a sense of belonging. They come for a chat with Higgins as much as for a ripe fresh tomato, a takeaway box of house-made pork and chive won-tons or a packet of ham. They come for cultured butter, a loaf of sourdough or to collect their hamper of hand-chosen condiments, olive oil, sherry vinegar, canned anchovies and ceramic plates. Everyone from children, artists, heads of major companies and garbos after their morning shift come for a slice of blueberry lemon olive oil cake – light, buttery, plump with a crunchy coffee crystal top – and a chat about their week. Higgins knows them all. People sip good, strong Little Marionette coffee outside under the jacaranda trees, edged between multi-storied terraces and apartment blocks, and shoot the breeze. Neighbours stop while walking their dog for an avocado, eggs, pickles, salami and a Juno and Sons tote. A slice of Basque cheesecake.Kate GeraghtyI am at the table in minutes eating a Juno Plate, a marvellous daily platter which today features free-range smoked ham from Hungerford Meat Co in Branxton, Meredith Dairy marinated feta, Acide zucchini pickles, tomato, avocado and house dressing. Minutes into that I’m chatting with fellow eaters at the table. This is Higgins’s unique touch. The store/cafe feels like a visit to a home but with an ever-changing list of drop-in guests and a rotating and seasonal menu. Higgins, whose extensive hospitality background includes 17 years working with Rockpool (from waiter at the now-closed Rockpool in The Rocks to managing Rockpool Qantas and a director of Rockpool Dining Group), says Juno and Sons was borne of her love of food. “I love sharing it,” she says. “And the time came for me to open my own place. The idea and concept of my store is that you walk in and you can get everything. You come in today and if you need to get a birthday present for your father, there’ll be something in here we can do, whether he loves olives or sardines or whatever. Everything is here. Photo: Kate Geraghty“You can get a meal. A great coffee. Some cake. You can get things for dinner. And we have ice-cream. But everything here is curated by me. So it’s all my favourite things, made by my favourite people.” There is a strong range of Australian products as well as imported items. Everything on the savoury menu uses produce you can buy in the shop. Fresh bread loaves, and beautiful fruit buns, from Paddington micro bakery Urban Ferment, led by Gary Armstrong (formerly one of Rockpool’s head sommeliers), come daily. His hot bagels arrive Sunday morning. Different cakes (sold only by the slice) and biscuits grace the counter each week. You can come for breakfast or lunch and, every second week, coffee walnut pound cake is available, a cherished event anticipated around the neighbourhood, particularly by the garbos. “Juno and Sons is meant to be social, inclusive and interesting,” Higgins says. “From new babies to 80-year-olds, I always introduce them. So everyone meets each other.” Vibe: Inner-city neighbourhood corner store offering tailored savoury and baked goods breakfast and lunch dishes and an extensive range of providore food and pantry staples Go-to dish: The Juno plate – a daily and seasonal selection tailored by owner Terry Higgins from food available in-store ‘Great sandwich, great coffee!’: This Japanese-inspired cafe channels convenience store vibesDarlinghurst cafe Punpun has quickly gained a loyal following for its pillowy sandwiches filled with steamed custard, sesame-crusted fried chicken and smashed beef patties. This airy zen-like corner cafe puts a Japanese spin on Australian brunchThe “pretty thrilling” menu at Marrickville’s Algorithm cafe includes banana loaf with earl grey caramel butter, hand-piped French crullers and roasted spam with egg, chilli aioli and tomato relish on an English muffin. This sweet and spicy spot sells 32 Indian-inspired ice-cream flavoursParramatta’s coolest hot spot Icy Spicy offers a tempting all-vegetarian menu, from chilli ice-cream to fried beetroot momo. news and the hottest openings served to your inbox Most real estate marketing usually claims a “rare opportunity” but sometimes a property unicorn does raise it head a unique residential block in Elizabeth Bay is just that — six three-bedroom apartments all on offer in one line When these whole building sites do occasionally pop up the sites are often a period renovator’s delight ready for the wrecking ball or significant renovation however this contemporary build was completed in 2008 and was architecturally designed by award-winning firm Burley Katon Halliday The six three-bedroom apartments at 11A Billyard Ave, Elizabeth Bay are up for sale in an expressions of interest campaign with a $30m guide via CBRE agents Max Silk and Toby Silk “This is a rare and extraordinary opportunity to acquire a trophy apartment block with gun barrel views of Elizabeth Bay,” says Max Celebrity accountant’s $21m sale Whole blocks with designer interiors rarely come up. He says the current market shows signs of an uptick for investors seeking new projects. “The prevailing market tailwinds show record low vacancy and shortage of new stock, which underwrites high demand and rental growth, making this a once-in-a-lifetime failsafe investment to add to the portfolio,” Max said. On the market for the first time, 11a Billyard Ave is a luxury apartment block in one of Elizabeth Bay’s most coveted cul de sacs, and thanks to its elevated east-west position, has views of Sydney Harbour and Darling Point. While the building sits on a 616sq m parcel, there is total strata surface area of 1268sq m over four levels including six residences and 11 secure underground parking spaces. The individual apartments measure between 200sq m and 248sq m. The apartments range between 200sq m and 248sq m internally. The modern interiors feature Italian limestone floors, marble surfaces, open plan living spaces, gas kitchens, deep covered terraces with louvres, ducted reverse cycle air conditioning and advanced security systems including CCTV and keyless entry. An investment opportunity which earns a potential gross annual income of $900,000, the versatile address has the potential for further development according to listing agent Toby Silk who explained the layouts could be converted into larger whole floor luxury residences subject to council approval. A strata-certified property, the Billyard Ave building could also be an opportunity for future investors looking to to sell down by strata subdivision or even built up by adding another apartment. Close to Arthur McElhone Reserve, the apartment block is a short walk to Macleay St’s vibrant café and boutique scene, Kings Cross, Woolloomooloo, city-bound transport and popular schools. realcommercial.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd By accessing or using our platform, you agree to our Terms of Use. The six three-bedroom apartments at 11A Billyard Ave, Elizabeth Bay are up for sale in an expressions of interest campaign with a $30m guide via CBRE agents Max Silk and Toby Silk Celebrity accountant’s $21m sale A Rolling Stones-quoting commissioner has thrown out an application by Fortis to develop two luxury towers in inner-eastern Sydney saying a reduction in housing that would result from the $230 million project went against a zoning goal of meeting community housing needs Land and Environment Court commissioner Peter Walsh on Thursday quoted the 1969 hit You Can’t Always Get What You Want in finding that Fortis’ planned Elizabeth Bay development would cut the number of affordably priced homes in the Sydney suburb sub-penthouse has sold for circa $24m to fashion guru Andrew Michael and his wife There’s been another huge sale at the luxury Billyard Ave development in Elizabeth Bay with a fashion guru snapping up a sub-penthouse for circa $24m and Jason Boon from Richardson and Wrench Elizabeth Bay were tightlipped on purchaser of the four-bedroom residence with 360sqm of internal space and incredible harbour views But other sources soon nominated the buyer as Andrew Michael who’s had more than 40 years in the fashion industry Billionaire coal baron lists Bellevue Hill stunner Billyard Ave features just nine exclusive apartments currently have their five-bedroom residence at 5 Bulkara Rd Bellevue Hill listed with Di Wilson and Ashley Bierman of Ray White Double Bay The sale of the sub-penthouse is one of the highest sales for an apartment in Elizabeth Bay The highest price was set when the whole floor penthouse within the same project sold for $30m last November to former head of USB Matt Allen the owner of Sydney to Hobart winning ocean racer Other big sales in the development included the other sub-penthouse to Paul Keating’s confidante and lawyer Chris Coudounaris There’s also been a recent sale of the garden manor residence for $17.5m to Tina Green The stylish home of Andrew Michael and his wife is listed with Di Wilson and Ashley Bierman of Ray White Double Bay There are just nine residences in the high end development Mansour and Boon would only say that the latest sub-penthouse buyer was a downsizer couple from Bellevue Hill and unparalleled finishes were key factors in their decision to purchase Mansour said: “The sale of the sub-penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location “The unique features and the exceptional design of this residence have attracted buyers looking for something truly special.” the circa $24m sub-penthouse has four and a half bathrooms has been extremely popular with eastern suburbs buyers Located footsteps from the picturesque Elizabeth Bay Marina the sub-penthouse is a single-level residence that combines grandeur with modern living Mansour said: “This sale not only underscores the rarity of house-sized apartments in the market but also the continued trend of buyers looking to rightsize “The demand for these unique residences is stronger than ever.” designed by award-winning architects Adam Haddow and Victoria Judge from SJB features nine exclusive residences ranging internally from 360 to 400 sqm all of which offer a prestigious living experience The project is designed by award-winning architects Adam Haddow and Victoria Judge from SJB The building will also showcase sculptures by renowned artist Mika Utzon Popov Developer Peter Walsh from NorthEast Corp in collaboration with Philippe Remond of P3 Living “We envisioned a residence that met the needs of discerning buyers who value size “The local market’s reception has exceeded our expectations proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs.” also bought into the vision of Billyard Avenue third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. 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Add articles to your saved list and come back to them any time A NSW court has knocked back approval for a luxury apartment development in Sydney’s eastern suburbs over housing supply concerns in a decision quoting the Rolling Stones’ You Can’t Always Get What You Want The judgment was delivered months after the multimillion-dollar residences were first advertised as “now selling” which is not giving up on its $23 million proposal sought approval to demolish two 1970s apartment blocks running from Onslow Avenue to Billyard Avenue and to construct two eight and five-storey buildings of mostly three-bedroom apartments NSW Land and Environment Court Commissioner Peter Walsh said in a decision on Thursday that the proposal would “decrease housing provision overall” and “decrease the availability of more affordable housing” The site includes the building at 10 Onslow Avenue He said this worked against the residential zoning objective to “provide for the housing needs of the community” power is not available to grant consent to the proposal,” he said He pointed to a report this year by the National Housing Supply and Affordability Council that “identifies Australia as in a ‘housing crisis’.” “There are obvious negative social impacts associated with the proposal … centred on the important matter of the reduction of housing which meets community need,” Walsh said Walsh referred to the Rolling Stones’ 1969 hit and Coldplay’s Fix You both of which refer to “wants” and “needs” in examining the meaning of the planning objective to “provide for the housing needs of the community” An artist’s impression of the Fortis proposal.Credit: Fortis He distinguished a housing need from “demand or ‘want’ for the form of housing proposed” As the Stones had it: “You can’t always get what you want/But if you try sometimes Walsh dismissed the appeal brought by Fortis against the City of Sydney’s earlier deemed refusal of its development application. An application is deemed to have been refused if it is not decided within a set timeframe the City of Sydney had previously set out a number of “contentions that the application should be refused” including that the proposed height of the development “is an uncharacteristic form within the streetscape” The council had also pointed to 77 submissions from the public objecting to the proposal Fortis produced revised plans this year to address issues raised by the council the parties had agreed on consent orders that would have seen development approved if the court agreed Fortis associate director of development and head of acquisitions John Yacoub said the developer was “naturally disappointed by this decision especially given our close collaboration with the City of Sydney Council” but “this outcome is always a risk in the property development process” Yacoub said “early indications” from the developer’s legal team suggested there were “strong grounds for an appeal” and “we are committed to exploring all avenues to achieve a successful outcome” Fortis was also considering an alternative planning approval pathway that might run “concurrently with the appeals process” although we have had development refusals over the years we have always succeeded in obtaining approvals at a later date,” Yacoub said He pointed to a five-storey commercial project in Double Bay where consent was granted after an initial refusal The developer remained “confident that we will navigate the various processes and ultimately deliver a result that reflects the high standards synonymous with Fortis” Fortis’ advertising sign outside 10 Onslow Avenue in Elizabeth Bay in October.Credit: Louise Kennerley A City of Sydney spokesperson said that as part of the appeal process “the developer amended their plans in response to issues raised” by the council “These included changes to help preserve the character of the area protect residential amenity and minimise view loss or shadow impact.” The council’s experts had “conducted a detailed assessment” of the amendments “and considered that the revised proposal was broadly in line with the requirements of the planning controls and the issues initially raised had been resolved” The plan was not subject to new City of Sydney rules aimed at prohibiting developments reducing the net number of dwellings by more than 15 per cent But the decision sheds light on how similar applications may be considered Contracts for the sale of off-the-plan apartments may be entered into before development consent and Fortis erected signs in October advertising “Luxury residences now selling.” Selling off-the-plan before consent means a developer is taking a risk about approval contracts of this kind allow buyers to rescind the contract and claw back their deposit The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here. A NSW court has knocked back approval for a luxury apartment development in Sydney\\u2019s eastern suburbs over housing supply concerns, in a decision quoting the Rolling Stones\\u2019 You Can\\u2019t Always Get What You Want. The judgment was delivered months after the multimillion-dollar residences were first advertised as \\u201Cnow selling\\u201D. The proposed redevelopment in the harbourside suburb of Elizabeth Bay stoked debate about housing affordability and density 28 units with 20 larger apartments and in more affordable flats. The original residents have moved out. Developer Fortis, which is not giving up on its $23 million proposal, sought approval to demolish two 1970s apartment blocks running from Onslow Avenue to Billyard Avenue and to construct two eight and five-storey buildings of mostly three-bedroom apartments. NSW Land and Environment Court Commissioner Peter Walsh said in a decision on Thursday that the proposal would \\u201Cdecrease housing provision overall\\u201D and \\u201Cdecrease the availability of more affordable housing\\u201D. He said this worked against the residential zoning objective, set out in local planning controls, to \\u201Cprovide for the housing needs of the community\\u201D. \\u201CGiven this finding, power is not available to grant consent to the proposal,\\u201D he said. He pointed to a report this year by the National Housing Supply and Affordability Council that \\u201Cidentifies Australia as in a \\u2018housing crisis\\u2019.\\u201D \\u201CThere are obvious negative social impacts associated with the proposal \\u2026 centred on the important matter of the reduction of housing which meets community need,\\u201D Walsh said. Walsh referred to the Rolling Stones\\u2019 1969 hit and Coldplay\\u2019s Fix You, both of which refer to \\u201Cwants\\u201D and \\u201Cneeds\\u201D, in examining the meaning of the planning objective to \\u201Cprovide for the housing needs of the community\\u201D. He distinguished a housing need from \\u201Cdemand, or \\u2018want\\u2019 for the form of housing proposed\\u201D. As the Stones had it: \\u201CYou can\\u2019t always get what you want/But if you try sometimes, well, you might find/You get what you need.\\u201D Walsh dismissed the appeal brought by Fortis against the City of Sydney\\u2019s earlier deemed refusal of its An application is deemed to have been refused if it is not decided within a set timeframe. He refused consent for the development. In documents filed in court, the City of Sydney had previously set out a number of \\u201Ccontentions that the application should be refused\\u201D, including that the proposed height of the development \\u201Cis an uncharacteristic form within the streetscape\\u201D. The council had also pointed to 77 submissions from the public objecting to the proposal. However, Fortis produced revised plans this year to address issues raised by the council. By the time of the hearing in November, the parties had agreed on consent orders that would have seen development approved if the court agreed. Fortis associate director of development and head of acquisitions John Yacoub said the developer was \\u201Cnaturally disappointed by this decision, especially given our close collaboration with the City of Sydney Council\\u201D, but \\u201Cthis outcome is always a risk in the property development process\\u201D. Yacoub said \\u201Cearly indications\\u201D from the developer\\u2019s legal team suggested there were \\u201Cstrong grounds for an appeal\\u201D, and \\u201Cwe are committed to exploring all avenues to achieve a successful outcome\\u201D. Fortis was also considering an alternative planning approval pathway that might run \\u201Cconcurrently with the appeals process\\u201D. \\u201CIt\\u2019s important to note that, although we have had development refusals over the years, we have always succeeded in obtaining approvals at a later date,\\u201D Yacoub said. He pointed to a five-storey commercial project in Double Bay, where consent was granted after an initial refusal. The developer remained \\u201Cconfident that we will navigate the various processes and ultimately deliver a result that reflects the high standards synonymous with Fortis\\u201D. A City of Sydney spokesperson said that as part of the appeal process, \\u201Cthe developer amended their plans in response to issues raised\\u201D by the council. \\u201CThese included changes to help preserve the character of the area, protect residential amenity and minimise view loss or shadow impact.\\u201D The council\\u2019s experts had \\u201Cconducted a detailed assessment\\u201D of the amendments \\u201Cand considered that the revised proposal was broadly in line with the requirements of the planning controls and the issues initially raised had been resolved\\u201D. The plan was not subject to new City of Sydney rules, yet to take effect, aimed at prohibiting developments reducing the net number of dwellings by more than 15 per cent. But the decision sheds light on how similar applications may be considered. Contracts for the sale of off-the-plan apartments may be entered into before development consent, and Fortis erected signs in October advertising \\u201CLuxury residences now selling.\\u201D Selling off-the-plan before consent means a developer is taking a risk about approval. Typically, contracts of this kind allow buyers to rescind the contract and claw back their deposit. The Morning Edition newsletter is our guide to the day\\u2019s most important and interesting stories, analysis and insights. . Good things come to those who wait – at least that has been the case for Lendlease CEO Tony Lombardo and his wife who have just sold their Elizabeth Bay mansion in Sydney’s eastern suburbs for $13 million The sale of the circa 1892-built mansion concludes a seven-month campaign to sell what is considered one of the suburb’s best residences first joined the market in August last year with a price guide of $11.5 million The sold sticker has now gone up on the arts and craft-style mansion for that amount – and then some The owner of the Elizabeth Bay waterfront treasure has lodged plans with City of Sydney for a subdivision and two new homes on the site costing nearly $23m Janette Waterhouse alerted the Wentworth Courier to her DA in an email denying that the property was quietly listed for sale with Paul Rich of Rich’s Double Bay, as reported last Friday The latest price hopes are a sharp escalation from just four years ago during Covid when reports suggested the Waterhouses were “still awaiting a $50m buyer” for Tresco Rich was spotted showing a buyer through the heritage-listed 3300 sqm property at 97 Elizabeth Bay Rd in May Aussie John wants ‘dream price of $240m’ it’s not known if the agency agreement is still current or has been terminated Janette Waterhouse says: “I have lodged a Development Application with the City of Sydney council for two additional houses on the lot which includes the addition of a new “East House” and “West House” designed by prominent architects Tonkin Zulaikha Greer These new homes would sit to the east and west of the existing heritage-listed sandstone residence Tresco designed in 1868 by the leading architect of the day and built by Italian stonemasons with two storeys and 13 rooms In addition to the addition of the two new residences the DA shows the 3300 sqm block would be subdivided with a “1062 sqm Tresco lot”; “579 sqm West House Lot”; and a “391.82 sqm East House Lot” and a 1301 sqm “community title lot” The gardens and sea pool would be shared between all three properties The community title lot includes the gardens and sea pool of the original mansion which would be shared between the three owners The plans are on exhibition until July 27 Janette is the former wife of David Waterhouse son of the late bookmaking legend Bill Waterhouse David Waterhouse contacted the Wentworth Courier on Friday evening advising the property wasn’t for sale The sign outside the modest 1970s apartment complex in well-heeled Elizabeth Bay reads: “Luxury residences now selling.” But there is another very Sydney phenomenon at play: a court fight The sign outside 10 Onslow Avenue in Elizabeth Bay.Credit: Louise Kennerley The luxury abodes advertised do not yet have planning approval The development involves the demolition of two existing blond brick blocks with frontages on Onslow and Billyard Avenues and the construction of two new eight and five-storey apartment buildings The $23 million plan by developer Fortis includes two and three-bedroom apartments and a four-bedroom penthouse Among the proposed communal facilities are a sauna and steam room and an “ice bath meeting room” A company linked to Fortis, Billyard Ave Developments, lodged a NSW Land and Environment Court appeal last year against the City of Sydney’s deemed refusal of its development application A City of Sydney spokesperson said the appeal was listed for hearing on November 5 and 6 A development application is deemed to have been refused if it has not been decided within a set timeframe In a court document filed before the hearing City of Sydney set out a number of “contentions that the application should be refused” The council also pointed to 77 submissions from the public objecting to an amended plan 10 Onslow Avenue in Elizabeth Bay.Credit: Louise Kennerley Contracts for the sale of off-the-plan apartments may be entered into before development consent has been granted Fortis expects the apartments will be offered for sale before the court’s decision A Fortis spokesperson said the proposed development was “in an active project marketing phase” and “our sales and legal teams are in the process of finalising the necessary documentation which will be finalised ahead of the official sales launch” the contract of sale and accompanying information will include all relevant provisions for off-the-plan purchases and we are ensuring all requirements are fully met.” The spokesperson said Fortis had worked closely with the council “in refining our plans” founder and director of STRAND Property Group did not comment on the Fortis proposal but said that if a property was offered for sale before development approval “then the buyer should have a clause in there that would allow them to rescind the contract for no penalty and also claim their full deposit back” if consent ultimately was not granted “The biggest risk with it not going ahead is that the process could drag on for a period of time their deposit has been tied away … and then for them to re-enter the market at a later time could be more expensive.” Ossitt said he doesn’t recommend his own clients buy properties off-the-plan for reasons including risks with building quality and finance approvals we just haven’t historically done it,” he said Ossitt said the introduction last year of the NSW Building Commission to regulate the residential construction industry had been a positive development a senior lecturer at the University of Sydney and property law expert said selling off-the-plan before development consent “simply means the developer is taking a risk about approval of the development” “You’re actually selling a future piece of property,” she said Lane said vendors must include a disclosure statement in an off-the-plan contract and the contract was governed by provisions limiting the vendor’s right to rescind rescission means the developer has to hand it back so they’d have to be pretty confident in a business sense about approval,” she said Henderson & Ball partner Justin Lawrence said “any time a buyer is buying off the plan there is an element of risk that is obvious” because “plans are one dimensional Lawrence said he had “never experienced a situation where we didn’t get [a deposit] back” where a developer had rescinded an off-the-plan contract but “some have taken a lot longer and a lot more effort to get back than they should” He said buying off-the-plan “happens a lot with old buildings that are converted .. [such as an] old soap factory or warehouse” because they’re going fast and once they’re sold your opportunity to live in this unique building will be gone for good’.” The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here The sign outside the modest 1970s apartment complex in well-heeled Elizabeth Bay reads: \\u201CLuxury residences now selling.\\u201D Among the proposed communal facilities are a sauna and steam room and an \\u201Cice bath meeting room\\u201D The proposal has raised the ire of some locals not because it will increase density but from the existing 28 units to 20 larger apartments lodged a NSW Land and Environment Court appeal last year against the City of Sydney\\u2019s deemed refusal of its City of Sydney set out a number of \\u201Ccontentions that the application should be refused\\u201D including that the proposed height of the development \\u201Cis an uncharacteristic form within the streetscape\\u201D Fortis expects the apartments will be offered for sale before the court\\u2019s decision A Fortis spokesperson said the proposed development was \\u201Cin an active project marketing phase\\u201D and \\u201Cour sales and legal teams are in the process of finalising the necessary documentation which will be finalised ahead of the official sales launch\\u201D and we are ensuring all requirements are fully met.\\u201D The spokesperson said Fortis had worked closely with the council \\u201Cin refining our plans\\u201D that if a property was offered for sale before development approval \\u201Cthen the buyer should have a clause in there that would allow them to rescind the contract for no penalty and also claim their full deposit back\\u201D if consent ultimately was not granted \\u201CThe biggest risk with it not going ahead is that the process could drag on for a period of time their deposit has been tied away \\u2026 and then for them to re-enter the market at a later time could be more expensive.\\u201D Ossitt said he doesn\\u2019t recommend his own clients buy properties off-the-plan for reasons including risks with building quality and finance approvals \\u201CNot to say that people shouldn\\u2019t we just haven\\u2019t historically done it,\\u201D he said said selling off-the-plan before development consent \\u201Csimply means the developer is taking a risk about approval of the development\\u201D \\u201CYou\\u2019re actually selling a future piece of property,\\u201D she said Lane said vendors must include a in an off-the-plan contract and the contract was governed by provisions limiting the vendor\\u2019s right to rescind \\u201CIf the deposit is released to the vendor so they\\u2019d have to be pretty confident in a business sense about approval,\\u201D she said Henderson & Ball partner Justin Lawrence said \\u201Cany time a buyer is buying off the plan there is an element of risk that is obvious\\u201D because \\u201Cplans are one dimensional Lawrence said he had \\u201Cnever experienced a situation where we didn\\u2019t get [a deposit] back\\u201D where a developer had rescinded an off-the-plan contract but \\u201Csome have taken a lot longer and a lot more effort to get back than they should\\u201D He said buying off-the-plan \\u201Chappens a lot with old buildings that are converted .. [such as an] old soap factory or warehouse\\u201D because they\\u2019re going fast and once they\\u2019re sold your opportunity to live in this unique building will be gone for good\\u2019.\\u201D The Morning Edition newsletter is our guide to the day\\u2019s most important and interesting stories The grand harbourside residences that line Elizabeth Bay’s Billyard Avenue have long commanded the sort of prominence that warrants being known by name only - think Boomerang But in more recent months it is one of the other few remaining heritage residences that has emerged as one of the most famous of local homes But long before the prestigious address was caught up in the media firestorm surrounding former political staffer Bruce Lehrmann the harbourside villa was best known for being built in 1885 by colonial administrator Alexander Macleay for one of his daughters It was later home to the likes of such luminaries as Sydney Lord Mayor Arthur McElhone and lawyer and Sydney Turf Club chairman Melbourne John MacNamara before it was converted into a duplex in 1946 Mostyn was converted into a duplex in 1946 and almost 80 years later is for sale in one line Almost 80 years later the chance to restore the block into a single residence has come around after both apartments were listed in one line to buyers with about $25 million to spare The Agency’s Ben Collier said they can be sold separately The 1885-built residence Mostyn at Elizabeth Bay is on offer for about $25 million By far the more valuable of the two apartments is the top-floor apartment with views of the harbour and level access from the street and garage that since 1996 has been owned by Yass grazier Chris Barber Taylor Auerbach leaves his Elizabeth Bay home before giving press conference earlier this year.Credit: James Brickwood Below is the apartment long owned by the late medico Egon Auerbach and his late wife Judith leaving it to their sons Marsden and Greg Auerbach the latter of whom is the late father of Taylor Auerbach Auerbach jnr is the former Spotlight producer-turned-Channel 7 whistleblower who put Mostyn on the map in 2022 when he claimed that he “entertained” former political adviser Lehrmann there with the help of a couple of Thai masseuses whose services were paid for on a Seven corporate credit card The events of that night remain a matter of dispute between Lehrmann and Auerbach with Lehrmann denying they took place and Auerbach threatening defamation proceedings but it isn’t the only starring role the apartment has played in Auerbach’s colourful life Auerbach’s bitter public falling out with his former Seven boss Steve Jackson was played out in the apartment’s dungeon when a video of Auerbach breaking Jackson’s golf club was played at Lehrmann’s defamation trial against Network Ten and former star presenter Lisa Wilkinson following allegations he raped Brittany Higgins Lehrmann is currently appealing the defamation trial finding that he raped Higgins inspections don’t start until next week because Auerbach is throwing a party this Saturday although it remains unknown if it is to mark his 33rd birthday or a farewell to one of Elizabeth Bay’s more noteworthy homes Saraville set a national terrace record when it last traded in 2016 for $13 million When lawyer Karen Beck purchased her Potts Point home in 2016 for $13 million she set a record for a terrace shocking plenty of property watchers and filling the pockets of gemologist Heidi Onisforou The record has since been reset a few doors away at $14.7 million by Rupert Murdoch’s eldest daughter Prue MacLeod just doors away from the $14.7 million terrace of Prue MacLeod Eight years after Beck purchased the Victorian Italianate residence she hopes to set another such record after it went up for sale this week but word from well-heeled Challis Avenue is buyers should expect to “budget in the mid $20 million range” Rounding out a trifecta of the neighbourhood’s best homes is that of Tony Lombardo Keadue was built in the 1890s to a design by architect John Bede Barlow and is now home to Lendlease chief Tony Lombardo The 1890s-built residence known as Keadue was built by architect John Bede Barlow for grazier and politician James Macarthur Onslow who sold it in 1922 for £750 to then prominent lawyer and racehorse breeder Arthur Bowman Lendlease chief executive Tony Lombardo has opted out of undertaking a $5 million home rebuild.Credit: Louie Douvis It last traded in 2021 for $8.5 million when purchased by Chen Approval for a renovation was recently granted by council to a design by architect William Smart but rather than undertake the rebuild it has been listed with The Agency’s Ben Collier with a guide of $11.5 million The Woollahra residence of Richard Gibb was redesigned by Juliette Arent and Sarah Jane Pyke ANZ’s newest board member Richard Gibb has not long completed a major renovation of his Woollahra home than he listed it this week with Ben Collier for about $18 million Richard Gibb was appointed to the ANZ board earlier this year.Credit: Peter Braig The designer digs set on 455 square metres with a double garage pool and central courtyard was shortlisted for the Woollahra Design Excellence Awards in 2019 thanks to its design by architect Sam Crawford when owned by medico Machamada Kariappa then gutted it and commissioned the redesign by studio Arent&Pyke The grand harbourside residences that line Elizabeth Bay\\u2019s Billyard Avenue have long commanded the sort of prominence that warrants being known by name only - think Boomerang The Agency\\u2019s Ben Collier said they can be sold separately Auerbach jnr is the former Spotlight producer-turned-Channel 7 whistleblower who put Mostyn on the map in 2022 when he claimed that he \\u201Centertained\\u201D former political adviser Lehrmann there with the help of a couple of Thai masseuses but it isn\\u2019t the only starring role the apartment has played in Auerbach\\u2019s colourful life Auerbach\\u2019s bitter public falling out with his former Seven boss Steve Jackson was played out in the apartment\\u2019s dungeon when a video of Auerbach breaking Jackson\\u2019s golf club was played at Lehrmann\\u2019s defamation trial against Network Ten and former star presenter Lisa Wilkinson following allegations he raped Brittany Higgins inspections don\\u2019t start until next week because Auerbach is throwing a party this Saturday although it remains unknown if it is to mark his 33rd birthday or a farewell to one of Elizabeth Bay\\u2019s more noteworthy homes The record has since been reset a by Rupert Murdoch\\u2019s eldest daughter Prue MacLeod but word from well-heeled Challis Avenue is buyers should expect to \\u201Cbudget in the mid $20 million range\\u201D Rounding out a trifecta of the neighbourhood\\u2019s best homes is that of Tony Lombardo who sold it in 1922 for \\u00A3750 to then prominent lawyer and racehorse breeder Arthur Bowman but rather than undertake the rebuild it has been listed with The Agency\\u2019s Ben Collier with a guide of $11.5 million ANZ\\u2019s newest board member Richard Gibb has not long completed a major renovation of his Woollahra home than he listed it this week with Ben Collier for about $18 million What started as two simple apartments in an arts and crafts-era building has become an award-winning home for a couple with two young children reworked and reimagined by award-winning practice Smart Design Studio Part of the architect’s plan was to include a number of skylights as well as large picture windows and doors for the new contemporary extension at the rear.Credit: Romello Pereira “I’ve always loved the arts and crafts style of architecture are small in scale,” says architect William Smart who received an architecture award in the interiors category from the Australian Institute of Architects (NSW chapter) for this transformation Although the two-storey house is considerably smaller than many of its neighbours there was a charm that came with this home the house benefited from a north-facing terraced/portico to the front garden and views over Rushcutters Bay from the first floor While the house still appears to be fairly original on approach the exterior has been sensitively tweaked to include a new set of bluestone stairs and a balustrade that leads to the front door “We bleached the timber shingles to a silvery hue in line with the original design and replaced the window frames and gutters that had deteriorated,” says Smart Although the house benefits from northern light to the front garden designed by landscape architect Dangar Barin Smith it suffered from reduced light to the pocket-sized southern aspect at the rear part of the architect’s plan was to include a number of skylights as well as large picture windows and doors for the new contemporary extension at the rear – now containing a decorative pool embedded with a singular fig tree there’s a sense of craft that made the arts and crafts period resonate not just with those moving on from the more stiff Victorian period towards the turn of the 20th century but those seeking a more tactile and less machine-like environment today Linen-covered walls create a tailored interior as well as being an acoustic balance to the home’s oak floors and architraves and window frames have been faithfully reproduced Smart and his team also created a number of thresholds within the floor made of Corian that further separate the past from the present there’s a sense of craft.Credit: Romello Pereira The front of the house is given over for the formal lounge and gallery while the new contemporary addition contains an informal living area the latter – although integral to the open-plan living areas – also featuring a portal that loosely contains the kitchen and butler’s nook Pivotal to the new wing is the curvaceous balustrade finished in Venetian plaster that frames a mezzanine study (accessed via one of the concealed linen-covered doors in the central passage) Overlooking the double-height space (approximately 6 metres tall) aided by filtered light through a concealed skylight “I felt a softer and gentler curve was more appropriate to the feel of this house than simply a sharp rectilinear addition,” says Smart Smart also worked his magic in transforming the home’s first floor including the main bedroom suite which extends across the entire front of the house with a large ensuite and dressing area at one end and the bedroom at the other A large sliding door can separate the bedroom from the art of dressing and bathing while still allowing each space to receive the generous northern light through the multi-paned windows there’s a fine melange of period and new details While the original timber balustrades have been retained in the rise to the first-floor bedrooms and bathrooms a contemporary staircase connects the first floor to the roof terrace The Elizabeth Bay home incorporates a melange of period and new details.Credit: Romello Pereira Made from thick plated steel with curved treads that extend to form the balustrades the staircase creates a sense of lightness aided also by the new skylight directly above “The staircase was inspired by one that I saw in a museum in Verona I was conscious of retaining the width of the original hallways (in the house) and wanted all the spaces to ‘breathe’ and feel considerably more spacious,” he adds The arts and crafts house still has hallmarks of the period cleverly blurring the lines between inside and out – and bringing to it a contemporary craft that will resonate for decades to come The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon \\u201CI\\u2019ve always loved the arts and crafts style of architecture are small in scale,\\u201D says architect William Smart \\u201CWe bleached the timber shingles to a silvery hue in line with the original design and replaced the window frames and gutters that had deteriorated,\\u201D says Smart part of the architect\\u2019s plan was to include a number of skylights as well as large picture windows and doors for the new contemporary extension at the rear \\u2013 now containing a decorative pool embedded with a singular fig tree there\\u2019s a sense of craft that made the arts and crafts period resonate not just with those moving on from the more stiff Linen-covered walls create a tailored interior as well as being an acoustic balance to the home\\u2019s oak floors and architraves the latter \\u2013 although integral to the open-plan living areas \\u2013 also featuring a portal that loosely contains the kitchen and butler\\u2019s nook \\u201CI felt a softer and gentler curve was more appropriate to the feel of this house than simply a sharp rectilinear addition,\\u201D says Smart Smart also worked his magic in transforming the home\\u2019s first floor there\\u2019s a fine melange of period and new details \\u201CThe staircase was inspired by one that I saw in a museum in Verona I was conscious of retaining the width of the original hallways (in the house) and wanted all the spaces to \\u2018breathe\\u2019 and feel considerably more spacious,\\u201D he adds cleverly blurring the lines between inside and out \\u2013 and bringing to it a contemporary craft that will resonate for decades to come The Market Recap newsletter is a wrap of the day\\u2019s trading Elizabeth Bay has netted one of its highest apartment sales to date with a $24 million sale of a sub penthouse in the under-construction apartment development The highest price was set when the whole floor penthouse within the same project sold for $30 million to former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer The other su bpenthouse sold for $22 million to Paul Keating’s confidante and lawyer Chris Coudounaris and the garden manor residence sold for $17.5 million to Tina Green There are just nine residences in the high-end development that is almost complete The recent buyers of the sub penthouse are an Eastern Suburbs couple relocating from a large family home in Bellevue Hill with a strong affiliation with Elizabeth Bay says the sale of the sub penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location "The unique features and the exceptional design of this residence have attracted buyers looking for something truly special," Mansour said “This sale not only underscores the rarity of house-sized apartments in the market “The demand for these unique residences is stronger than ever.” totaling 360 sqm of internal space with harbour views Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB features nine exclusive residences ranging internally from 360 sqm to 400 sqm The building will also showcase sculptures by renowned artist Mika Utzon Popov "We envisioned a residence that met the needs of discerning buyers who value size "The local market's reception has exceeded our expectations proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs,” Walsh said recognised the demand for this unique project and bought into the vision of Billyard Avenue." We're on a mission to radically improve the quality of Urban communities being developed across Australia We aim to showcase every development in Australia to help you find the perfect new home The City of Sydney is considering heritage protection for a cluster of modernist apartment buildings in the inner east despite a backlash from owners in one block who argue it will curtail their rights and make their properties harder to sell The council wants to add nine buildings – including several designed by acclaimed architect Harry Seidler – to the heritage list following a push from councillors They are The Gateway and Gemini buildings in Potts Point; Oceana Ithaca Gardens and Bayview in Elizabeth Bay; and Aquarius Roslyn Gardens and 1-5 Clement Street in Rushcutters Bay The Gateway and Gemini buildings in Potts Point are under consideration for heritage listing.Credit: Edwina Pickles said the boxy brick structures weren’t only the best examples of post-war unit blocks in the inner east the best apartment buildings in Australia from this era.” which is also under consideration for state heritage listing are worried the protections would make it harder to proceed with necessary upgrades to their apartments Owner Jim Carroll said: “The overwhelming majority of owners opposed to listing feel it will impose time-delaying curtailing the rights of those who own units.” The stoush between apartment owners and the council over heritage listing represents a new frontier in the debate about balancing progress with preserving Sydney’s modernist architecture Councillors will debate the changes to planning controls that would add the buildings which are all within existing heritage conservation areas to the local heritage list at a meeting on Monday night The council wants to place the proposal to list the buildings on exhibition for public feedback early next year before hopefully introducing changes to its local environment plan (LEP) in October council papers said there has been “considerable interest” from councillors residents and community groups in recognising the heritage significance of apartment blocks built between 1945 and 1975 The council enlisted GML Heritage to assess 18 buildings in the area for potential heritage protection nine of which were identified as meeting the criteria for local heritage listing the Ithaca Gardens owners’ corporation chair voiced residents’ “overwhelming opposition” to local or state heritage listing at a council committee meeting last week an office tower or an individual residence – it is home to more than 60 people Owners … love and respect the building,” he said Carroll said society had changed in the decades since the block was built and residents wanted electric vehicle chargers lift repairs and upgrades and rooftop amenities He said many of the apartments had been renovated internally to make them “more suitable for 21st-century living” and “to deny such rights to others would seem extremely unfair” The NSW government is considering state heritage listing Ithaca Gardens designed by famed architect Harry Seidler.Credit: Edwina Pickles Carroll said owners worried the “process and complexities” created by heritage listing – which typically mean owners need to abide by certain rules when renovating – would increase strata fees deter prospective buyers and shrink sale prices “We spend large amounts of our own money retaining the integrity of the original side of the design but what might have been perfect in the 1950s may not be so perfect now and we want to retain flexibility to meet the needs and expectations of owners while retaining the design integrity of Ithaca Gardens as we’ve done for 65 years without the need for heritage listing,” Carroll said A spokesman for the NSW Department of Climate Change the Environment and Water said state heritage listing was designed to protect places of significant cultural and historical value while ensuring they remained functional and adaptable to modern needs “A listing does not mean that no changes can be made to a property,” the spokesman said “Approved works such as the installation of EV chargers bike racks and lift upgrades can proceed without additional heritage approval provided they respect the heritage significance of the site.” Thalis said the buildings represented the “new era of strata title” from the 1950s and ’60s which “revolutionised apartment building “This was effectively an urban laboratory for new forms of denser living for new apartment buildings that were of a scale that was not found anywhere else in Australia at the time and that used the land in a very effective and efficient way.” while Bayview and St Ursula were by Hungarian-born modernist architect Hugo Stossel Lord Mayor Clover Moore said maintaining historical and cultural heritage while accommodating necessary change and development was a “challenging and important part of city-making” Moore said the buildings helped tell the story of Sydney and were fine examples of compact apartments designed to maximise light and amenity “There are lessons about planning and design in these buildings that provide helpful guidance for the housing challenges we’re currently facing,” Moore said Get the day’s breaking news, entertainment ideas and a long read to enjoy. Sign up to receive our Evening Edition newsletter here. The council wants to add nine buildings \\u2013 including several designed by acclaimed architect Harry Seidler \\u2013 to the heritage list from councillors said the boxy brick structures weren\\u2019t only the best examples of post-war unit blocks in the inner east Greater Sydney or NSW: \\u201CThey\\u2019re the best apartment buildings in Australia from this era.\\u201D Owner Jim Carroll said: \\u201CThe overwhelming majority of owners opposed to listing feel it will impose time-delaying curtailing the rights of those who own units.\\u201D The stoush between apartment owners and the council over heritage listing represents a new frontier in the debate about balancing progress with preserving Sydney\\u2019s modernist architecture council papers said there has been \\u201Cconsiderable interest\\u201D from councillors the Ithaca Gardens owners\\u2019 corporation chair voiced residents\\u2019 \\u201Coverwhelming opposition\\u201D to local or state heritage listing at a council committee meeting last week an office tower or an individual residence \\u2013 it is home to more than 60 people Owners \\u2026 love and respect the building,\\u201D he said He said many of the apartments had been renovated internally to make them \\u201Cmore suitable for 21st-century living\\u201D and \\u201Cto deny such rights to others would seem extremely unfair\\u201D Carroll said owners worried the \\u201Cprocess and complexities\\u201D created by heritage listing \\u2013 which typically mean owners need to abide by certain rules when renovating \\u2013 would increase strata fees \\u201CWe spend large amounts of our own money retaining the integrity of the original side of the design as we\\u2019ve done for 65 years without the need for heritage listing,\\u201D Carroll said \\u201CA listing does not mean that no changes can be made to a property,\\u201D the spokesman said \\u201CApproved works such as the installation of EV chargers provided they respect the heritage significance of the site.\\u201D Thalis said the buildings represented the \\u201Cnew era of strata title\\u201D from the 1950s and \\u201960s which \\u201Crevolutionised apartment building \\u201CThis was effectively an urban laboratory for new forms of denser living and that used the land in a very effective and efficient way.\\u201D Lord Mayor Clover Moore said maintaining historical and cultural heritage while accommodating necessary change and development was a \\u201Cchallenging and important part of city-making\\u201D \\u201CThere are lessons about planning and design in these buildings that provide helpful guidance for the housing challenges we\\u2019re currently facing,\\u201D Moore said entertainment ideas and a long read to enjoy Lendlease chief executive officer Tony Lombardo and his wife Despite needing seven months to seal – and a renovation – the vendors didn’t discount 84 Elizabeth Bay Road This was the guide the pair attached to it after an auction last year yielded no bids It was however later amended down – to $11.5m The Agency’s Ben Collier brokered the deal Mr Lombardo replaced Steve McCann as Lendlease leader in early 2021 (story continues below) the Italianate and Arts & Crafts Keadue occupies a 510 sqm plot near Rushcutters Bay Mr Lombardo and Ms Chen paid $8.5m in 2021 A permit for a 150 sqm extension was then obtained; penned by William Smart Elizabeth Bay is a kilometre east of Sydney’s CBD Subscribe to our newsletter at the bottom of this page A former property analyst and print journalist Marc is the publisher of realestatesource.com.au Forgot your password? You will receive mail with link to set new password Back to login a 33 square metre unrenovated studio in Elizabeth Bay sold for $425,000 at auction over the weekend to a Dubbo buyer while a three-level home in Alexandria in the inner south sold for $3.11 million – more than $300,000 above its reserve price – after upsizers duelled for it But despite stiff competition for homes offering value in good locations, Sydney’s overall auction clearance rate fell sharply on the weekend. This, some economists said, could point to a potential moderation in price growth in Australia’s most expensive housing market amid fears the Reserve Bank could lift interest rates. While they both offer distinctly different features buyers are likely to find bigger is not always better boutique apartments are small collections of residences with a unique set of advantages larger projects can’t match They are rare in today’s property market and accommodate an exclusive number of residents interior design and bespoke construction are common hallmarks of a boutique development This all results in a better investment for purchasers when compared to a higher-density project said principal of Suburbanite and property valuer Anna Porter “If you’re looking at investing into the unit sector boutique complexes over larger ones,” she said the strata rates will be a bit lower because there are usually fewer facilities and amenities to maintain You’ll find that it’s probably easier just to manage the day-to-day because there are just fewer personalities to deal with if you’re looking for something that’s going to deliver good capital growth you want to get something that’s a bit unique in the market and a smaller boutique property will be more aligned to that than a typical unit in a bigger complex.” No.1 Onslow Place in Elizabeth Bay is a great example There are only six apartments in the complex which is spread across two levels and has 80 square metres of external area The development embodies what makes boutique projects so highly sought-after – only two of the six apartments remain Developed by Toohey Miller in collaboration with architects Tzannes and Dilcara Constructions each apartment enjoys vistas of Elizabeth Bay and direct lift access No.1 Onslow Place: Boutique brick a beacon of luxury in Elizabeth Bay Grand residences and stunning vistas: a slice of life in Elizabeth Bay Penthouse at Sydney complex comes with a green onyx hotel-worthy bar overlooking the harbour “It’s incredibly rare to get these boutique projects with views from every level,” said Nick Couloumbis it represents enduring and exceptional value Like many apartments in smaller developments the two remaining units offer more space than those found in multi-residential projects and feature wraparound balconies that greet owners with views from the entrance lobby Inside, the dwellings are also fitted with Gaggenau appliances in the kitchen calacatta marble finishes and European oak herringbone flooring More exclusive projects like these also provide residents with a high level of privacy thanks to features such as direct lifts and clever architectural touches including privacy screens on balconies and terraces Location is also key for boutique developments, and the address of No.1 Onslow Place is hard to beat. Positioned in the Potts Point locale, the project enjoys the best of its natural environment, and lifestyle conveniences are close by. “You’ve got all the tranquillity of Elizabeth Bay with Arthur McElhone Reserve across the road,” Couloumbis said. “That’s all juxtaposed with Macleay Street, which is only just around the corner. It’s a three-minute walk to the Paris end of Macleay Street with all the lovely hatted restaurants.” But for families in the upmarket Sydney suburb of Elizabeth Bay, this 1928 apartment could be the ideal harbourside pad.  It’s one of just three full-floor apartments in the boutique Blair building, and is a two-minute stroll away from the waterfront.  Today, the apartment has been sensitively updated for modern families, but it still exudes an air of quiet luxury.  It’s a homely yellow building with arched doorways and paned sash windows, surrounded by mature trees.  Inside, the apartment is peaceful and airy. Bright white walls accentuate the textural depth of the coffered ceilings, with their deep rafter beams and delicate moulding.  Sunlight floods in from the French doors and windows, illuminating the living room with gentle easterly light.  Live out your Gatsby dreams in this art deco house for sale Party's over: 'Chinese Gatsby' Sam Guo sells Hunters Hill mansion for $20m Excited first-home buyer splashes $1.2m on art deco Bondi Beach pad An original gas fireplace with a white timber surround lends the lounge room a sense of formality.  Dado railings and painted timber panelling add to the heritage feel.  Off the living room is a modern kitchen with white subway tiles, Miele appliances, and floor-to-ceiling cabinetry.  A dining nook leads onto a covered balcony that looks out over green leaves.  The apartment boasts four double bedrooms, two of which come with an ensuite.  The fourth bedroom doubles as a study, and includes bespoke corner bookshelves that can fit a small library of books.  There’s also an indoor laundry and space to park one car.  The apartment is on the market for $5,000,000 with Shannan Whitney and Melinda Antella of BresicWhitney Inner East.  Look out for your first newsletter in your inbox soon We help you navigate a myriad of possibilities Sign up for our newsletter for the best of the city By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news Sign up for our email to enjoy Sydney without spending a thing (as well as some options when you’re feeling flush) Our newsletter hand-delivers the best bits to your inbox Sign up to unlock our digital magazines and also receive the latest news By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news, events, offers and partner promotions. Sydney excellent Italian and some of Sydney's best restaurants reside in the 2011 postcode Time Out Sydney editors and local food writers, including Food & Drink Editor Avril Treasure have eaten their way through Macleay Street and beyond curating this list with the top places to eat and drink in the 2011 postcode Stay in the loop: sign up for our free Time Out Sydney newsletter for more news, food & drink inspo and activity ideas Thanks for subscribing! Look out for your first newsletter in your inbox soon! Nick tells us that they’re having a bit of fun with Teddy serving up nostalgic menu items with a mod twist and pork and crayfish sausage rolls with “fancy tom sauce” Think: sophisticated takes on the types of things granny used to whip up for a cocktail party Time Out tip: Teddy has a mean line-up of daily offers The Apollo has been serving some of Sydney's tastiest Greek food for more than a decade now the saganaki: a dish of golden and piping-hot cheese Apollo's crowning glory: an oven-baked lamb shoulder with perfectly tender Order with a side of garlicky roast potatoes and a fresh village salad and you’ve got yourself one heck of a brilliant Greek feast Time Out tip: Love The Apollo? Check out the team's newest Greek venture, Olympus This simple dining room with a giant chalkboard on one wall stands staunch in its consistency in the face of a dining scene fixated on the hot new trend This is the kind of Italian fare that makes a 24-hour flight seem worth it but you can get it for an Opal fare to Kings Cross Station The menu rarely changes and walks a righteous path of carbs There’s usually a ragu delivered under a fresh snowfall of cheese There’s probably a one-serve lasagnetta on the menu the curly-edged pasta sheets barely holding in a bursting core of bolognaise but it’s a toss-up whether it wins a place over a crumbed veal cutlet RecommendedPhotograph: Avril Treasure for Time Out SydneyWe’ve all been there – so hungry that you’ll offer your shoes your bank balance or even your first born for a little snack and something to drink the Love Tilly Group named the Potts Point wine bar for that moment of blood sugar crisis when George Orwell prayed to what he thought was a saint for a little supper and the makings of a perfect evening will wend their way to your wooden table top over the course of a very enjoyable few hours in this classically styled perch.  The walls at Parlar are adorned with three striking tapestries by artist Alexander Calder but in our opinion the real art here is executive chef Jose Saulog’s faultless cooking A feather-like snack of churros topped with creme fraiche and an anchovy dusted with lemon myrtle are the perfect ways to start the night sweet orange and smoked tomato oil; as well as an asparagus tart topped with delicate scale-like slices of zucchini and paired salty chorizo are both almost too pretty to eat Even if a trip to Catalonia isn’t on the cards at least you can travel there for the night at Parlar.   Ken's Continental is a European-style deli and café slinging delicious sandwiches on freshly baked baguettes the ideal kind of things to enjoy in the morning or while people-watching in Rushcutters Bay Come for the continental deli plate – with deli cuts a soft-boiled egg and a crunchy baguette – paired with a hot black coffee Time Out tip: Staying in the area? Check out nearby Farmhouse and Bones Ramen also owned by the same team – and both are excellent Looking for a vibey date-night spot or a place to snack and sip with a friend where you’ll find French-ish wine bar and diner There’s a carefree European feel here with street-drinkers joyously swilling bottles on short stools and pre-drinking during Caravin’s late-afternoon Apéro Hour We expect vegetables to be part of a great tasting menu in Sydney but it’s rare to see them demand the spotlight like a diva hitting the high notes and refuse to relinquish their starring role This is what makes Yellow such an extraordinary restaurant The team have seismically shifted how we frame fine dining in Sydney dressed-up French brasserie mainstays and modern Mediterranean cooking come together in a dazzling Potts Point dining room that's spared absolutely no expense. Move over Paris – it’s midnight on Macleay Street Photograph: SuppliedA luridly pink neon sign tells you that the little corner terrace house is not a share house or hostel but rather a 90-seat restaurant importing Tel Aviv's street food culture – heavily influenced by Palestinian and other Middle Eastern countries' cuisine – to a city sorely in need of faraway adventures The swish Potts Point eatery does a modern riff on Middle Eastern cuisine To dine at Cho Cho San is just as much about feasting the eyes as the taste buds try something you’ve never tried before from the drinks menu and brush shoulders with the breezy and beautiful clientele Time Out tip: Cho Cho San's set menu is a steal at $65 per person Occupying the old Commonwealth Bank site on MacLeay Street honeycomb-tiled 120-seat French bistro is more ambitious than your average local The chefs have taken a solid line-up of bistro classics and given them a lighter butter and cream-based sauces are often swapped for olive oil and citrusy dressings But old school bistro fans can still get their steak tartare fix accompanied by dark malt crackers or a slice of porcelain smooth chicken liver parfait topped with sweet and sour jelly cubes Photograph: Esteban La TessaThe Butler in Potts Point has pretty great views of Sydney's city skyline. And its open deck, dotted with lush greenery and cane furniture, is the perfect vantage point. Come for a long lunch and dine on slow-braised pork empanadas with citrus, achiote (orange spice) and habanero, and tasty tacos.  Photograph: Nikki ToOwner Michael Mu Sung, alongside head chef Jacob Riwaka (Rising Sun Workshop) have kept things simple at this 20-seat hole in the wall diner. The Bones Ramen menu features lacto-fermented nuka pickles; smoked chilli and egg yolk potato salad; and the crowd pleasing fried Bannockburn chicken thighs with yuzu mayonnaise for starters There are four ramen bowls of pork broth with chashu watercress and menma; chicken paitan with whole chicken chashu shallots and nori; or the vego friendly bowl of Jerusalem artichoke shiitake and oyster mushrooms with roast tomato. It may just be eight dishes but there's a whole lot going on in this kitchen and attention to detail is incredibly high twitterinstagrampinterestAbout us Contact us Residents in one of Australia's richest suburbs are up in arms about a proposed $230m development that would knock down an 1960s apartment block and replace it with luxury units Dozens of residents and neighbours of the apartments at Billyard Ave and Onslow St in Elizabeth Bay in Sydney' east met with the NSW Land and Environment Court this week to voice their fury over the plan from developer Fortis to transform the 28-unit block. Warren Fahey AM from the Potts Point Preservation Group said the proposal would be 'detrimental' to the area's architectural heritage and its community cohesion. 'It's not the most significant building, but in our area, you've got to understand there's only 1km that encases Elizabeth Bay, Potts Point and Kings Cross, and we are losing housing at a rate that is appalling,' he told ABC Radio on Thursday. 'There doesn't seem to be anybody in state or the city that is snapping to attention to help us so the residents have got off their backsides and are protesting.'  The City of Sydney has knocked back the development application, but Fortis is appealing the decision to the Land and Environment Court. Mr Fahey said he and other upset community members were not against all development, but what he called 'unnecessary development', and noted the development would degrade housing supply by reducing the number of units to 22. He said there were five DAs in the area and if all were approved, the total number of apartments would collapse from 174 to 73. 'But no one bedders, no studio apartments. 'If we keep becoming a yuppie kingdom, we will force out all the interesting parts of the history of this area and this includes young people and older people and they simply can't afford to spend millions on apartments and that is what is happening before our eyes.' Mr Fahey also slammed the style and technical aspects of Fortis' proposal. '(The) excessive height, the bulk, the scale, the insufficient setbacks, and it frankly lacks any design excellence,' he said. 'It's detrimental to the area. We don't believe good solid 1960s, 1970s, 1950s buildings should be knocked down just so some developer can put in some luxury apartments.' 'We want the architectural streetscapes to remain pretty much as they are. We're not anti-development.  'We're just anti-unnecessary development and we don't want the social fabric to be changed so that young people and older people can't afford to live here.' The court has the power to overturn council decisions on developments, but Mr Fahey suggested community anger was gaining ground in the battle over the block. A spokeswoman for Fortis said the developer would continue to engage with the community over the project. 'Community is at the heart of our work and we remain open to addressing matters as they arise,' the spokeswoman said. 'We always consider relevant feedback and collaborate with local community and planning authorities to achieve the best development outcomes for each location.' Major terror attack 'was just HOURS away' before it was foiled by the special forces and police:... Victim of acid attack 'plotted by his ex-partner who teamed up with a gang' dies in hospital six... 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Ritzy suburb divided over plans to transform apartment complexCommenting on this article has endedNewest{{#isModerationStatus}}{{moderationStatus}} harbourside suburbs where you can still find a studio apartment for under $350,000 Potts Point has long been a poster child for high-density living Home to around 7000 people from a huge diversity of backgrounds the suburb was one of the first in Sydney to host high-rises an astonishing 98 per cent of residents are apartment dwellers however the days of finding an affordable home here may be limited as developers knock down older stock to build luxury sky homes It’s a trend at odds with the state government’s policy to increase affordable housing in Sydney says long-term resident and Hordern House bookstore founder Anne McCormick McCormick has joined the Potts Point Preservation Group (PPPG) in a bid to safeguard the very elements that make the area so appealing The group posits that the loss of long-term less-affluent residents is impacting the diversity of the neighbourhood which is one of its most attractive and enduring features it’s socially significant,” says McCormick “It’s had a social and cultural position in Sydney since the early 1800s but it’s a national treasure for its demographic and the art deco and modernist buildings.” The PPPG is working with the National Trust for precinct recognition and to raise the profile of Potts Point as a tourist destination Richardson & Wrench agent Jason Boon says there’s strong demand for these house-like apartments “It’s become a bit of a downsizer market,” says Boon “People are selling bigger houses and coming into the area looking for a Soho-type lifestyle: a main street with nooks and crannies that have got shops and markets and cafes You don’t need your car because you can walk everywhere Scotland Island: Why coming home to island life here ‘clears all the cobwebs out of your head’ Port Macquarie: Where you’ll find 17 pristine beaches and scenic coastal paths Lewisham: Is this suburb perfect for those priced out Balmain and Rozelle with Jason Boon with Richardson & Wrench Elizabeth Bay-Potts Point Macleay Street is the hub of the area, it’s like the George Street of Potts Point. It’s the place where you’ll bump into your neighbours and friends. It has loads of character, and it runs north to south, so it’s sunny. I get my coffee from Gypsy Espresso. My typical order is an egg and avocado wrap and an almond piccolo. They offer great, familiar service and the workers are always happy; it’s the perfect way to start the day. Fratelli Paradiso on Challis Avenue has a great atmosphere and incredible people. The long-term owners have been in the area for over 20 years. All my clients I buy and sell for get a voucher to eat there. 1 Bath1 ParkingView listing Claiming dazzling views of the Opera House and Harbour Bridge from level nine of the coveted Ikon building, this apartment comes with access to a 24-hour concierge and five-star facilities, including a heated pool and fully-equipped gym. High-end finishes range from hand-laid solid oak herringbone floors and bespoke joinery to a Carrara marble kitchen and an Italian travertine bathroom. it’s a delightful assortment of Regency-era grandeur curvaceous art deco designs and sharp-lined modernist buildings less than three kilometres east of the central business district between Potts Point and Rushcutters Bay And to lovers of European-style cafe culture as it’s affectionately known – offers a seriously impressive range of cafe and dining options from The Lookout at the marina to cult baked goods at Baked by Keiran and The Apollo’s celebrated Greek fare harbour views and Potts Point’s vibrant shops and it’s no wonder Elizabeth Bay turns heads in the inner-city real-estate market Construction is about to commence on a luxurious new residential project putting a contemporary spin on the neighbourhood’s famed interwar art deco apartment buildings Munro House by developer Top Spring Australia is a collection of 30 one, two and three-bedroom apartments in a six-storey building on Greenknowe Avenue, two doors down from Hayes Theatre Co. PBD Architects’ design arranges the facade in a series of vertical bays, contrasting face brick with robust off-form concrete and blackened steel. For the interiors, acclaimed Melbourne studio Mim Design has created sumptuous living spaces on a grand scale, with natural materials such as timber, marble, granite and wool featured throughout. Large kitchen islands and cosy work nooks make for ultra-liveable inner-city homes. Taylor Brammer Landscape Architects have designed the communal terraces, including an intimate garden on the ground floor and a “Zen garden” with timber seating on level three. The rooftop will feature an expansive community garden, outdoor kitchen facilities, dining space and seating pods. Laver Residential Projects director James Lampropoulos says fewer than 10 apartments are still available, ranging from one-bedroom units priced from $1.55 million to a lavish 301-square-metre penthouse with an expansive terrace and plunge pool. “In Elizabeth Bay, very rarely does a new development go to market,” Lampropoulos says. “It has always been a very aspirational address, so we’re not surprised by the strong interest we’ve received from purchasers.” Owner-occupiers make up the vast majority of the early buyers, the agent says. These include young families and downsizing executive couples. “You’re surrounded by arguably the best harbour foreshore anywhere in the world, as well as beautiful parks and reserves. And you also have all the exciting cultural, dining, entertainment and nightlife options of nearby Potts Point on your doorstep.” When Karen Day was looking for a new home three years ago, friends spoke highly of Elizabeth Bay. The Art of Breathing yoga and breath teacher, who’s about to start running classes in Rushcutters Bay Park, took their advice and moved into the neighbourhood. “I get up in the morning, teach yoga on the rooftop to my friends, then go down to Beare Park with my little dog and have a swim,” Day says. “I never used to swim there before, but lockdown has made me appreciate the local area even more.” Day’s favourite local haunts include Poppi’s Place, La Bomba and Arthur McElhone Reserve, a leafy park with koi ponds in front of Elizabeth Bay House. Built in the 1830s for high-ranking colonial official Alexander Macleay, Elizabeth Bay House was originally surrounded by 22 hectares of landscaped gardens. The house is now a museum and the gardens were subdivided over the years to form the suburb of Elizabeth Bay. “All the parks are beautiful. I love all the plants, the trees and the art deco architecture,” Day says. Another perk of the neighbourhood is the easy walkability. It takes less than half an hour to walk to Martin Place on a picturesque route that passes Finger Wharf at Woolloomooloo, Andrew (Boy) Charlton Pool, the Art Gallery of NSW and the Domain. “I do have a car, but when I moved to Elizabeth Bay, I gave it to my son because you can walk everywhere. It’s a really nice area.” However, it managed to score a third of the Aussie median house price, even with its petite configuration. The Elizabeth Bay studio was used as storage for the past 20 years and was so full the door could not be opened. However, after a major clean out, the apartment – at the axis of two premium postcodes – was auctioned on June 22 for $425,000. It is at the axis of where Elizabeth Bay meets salubrious Potts Point and did not come with parking. Two parties threw their hands in the air at the auction. “The owner had owned it for more than 50 years and her three Brisbane-based beneficiaries, all in their mid-80s had to learn how to use Zoom to watch the live auction call with auctioneer Paul Menck,” Cross said in the report. Elizabeth Bay: Balance between dense inner-city living and quiet suburban bliss The neighbours desperate to stop their building being demolished for luxury apartments From Elizabeth Bay to Exeter, these are the best properties for sale in NSW “We had to remove two trucks worth of storage boxes to empty it out. “It was so full we couldn’t even open the door.” The buyer lives in Dubbo and will keep it as a city bolthole, the agency said. Both of the bidders had an identical profile – they were seeking an inner-city pad, which could be used by their teenage children when they were studying at university. The pied-a-terre is on the second-floor of a refurnished 1930’s art deco building, which has an elegant, character-filled foyer. “Enjoy an easterly aspect in light-filled interiors featuring a living/sleeping area, original kitchen and original bathroom with bath/shower and new toilet,” the listing explained. Banks in Australia tend not to loan for properties under 50-square-metres internally, so it is not uncommon for these sorts of homes to be paid for in cash. The littlie Elizabeth Bay address was not the cheapest sale in Sydney on the weekend, according to Domain results. That title belongs to a two-bedroom Liverpool apartment, which sold for $330,500. The deals contributed to the city’s 62.8 per cent clearance rate. 1 Bath1 ParkingView listing The national median house price is $1,112,575 according to Domain’s March 2024 House Price Report Elizabeth Bay is a premium suburb on the harbour where the unit median price is $1,017,500 – an increase of more than 4 per cent over 12 months Properties in the suburb can fetch up to $80 million. That is the rumoured price of Boomerang, the Spanish Mission-style trophy mansion where Tom Cruise filmed one of his Mission Impossible movies. The article about Elizabeth Bay residents fighting to stop yet more low-cost housing being demolished for fewer luxury apartments highlights one step the state government could and should immediately undertake as a small part of addressing the housing affordability crisis (“Demolition plan for ’60s block sparks mass protest” similar to that on exhibition by the City of Sydney which bans a reduction in dwelling density on all sites needs to be implemented It is ridiculous that we are looking to increase density in some areas of Sydney while other areas with good public infrastructure and access are facing a decline in population density and diversity simply for developers to profit I doubt the premier’s housing plan envisaged the demolition of 28 smaller relatively low-cost units in Elizabeth Bay and their replacement with 22 large luxurious and costly apartments despite community activism and the council’s refusal of the application I’m not naive enough to believe the Land and Environment Court will support their action is symptomatic of the way we view housing and community It’s no longer a home but a property for wealth creation influencers and rich-listers for adding another bauble to their bloated property empire We sanction expensive short-term rentals that deprive essential workers of permanent and affordable accommodation and hollow out established and vibrant communities What do we really want our communities to be landscaping and amenity the design for 22 luxury units in Onslow Avenue Elizabeth Bay is fundamentally flawed because of its unit mix Unit mix rules insist on a proportion of one Clover Moore’s planning rules are not tight enough to stop avaricious development applications and now need reforming The redevelopment of sites by rapacious developers is gathering pace in desirable areas of Sydney the recent approval of the Coogee Bay Hotel site will remove affordable accommodation and overdevelop an iconic site in Sydney It appears to me that the interests of cashed-up developers are given more heed by the planning authorities than the interests of the communities impacted by these decisions The state government is paying lip service to their commitment to solve the lack of reasonable accommodation and is beholden to the big end of town that dangles dollars in front of them Note to all NSW local governments: the housing crisis will not be solved by tearing down older smaller unit blocks and replacing them with unaffordable luxury apartments Energy choice for the future is not what is making ordinary people poor and distressed It is the housing debacle that has changed the face and class structure of Australia A government which shirks the task of tackling that problem in a truly effective way will miss the opportunity to return Australia to the land of opportunity and upward mobility it once was The Coalition’s latest response to the climate change problem is to hope that a cost-free solution will eventually magically appear (“Dutton’s refusal on climate target boosts rivals” This approach assumes that climate change will not affect ordinary voters for a couple of decades – or at least a few elections climate change is hurting ordinary people right now The impact of deadly 2019 bushfires that destroyed whole communities along the south coast is still being felt torrential rain has washed away roads and other infrastructure stretching the resources of our local council to the limit a small but vital bridge near my house was swept away by the latest flood event thousands of residents around St Georges Basin are being inconvenienced retirees and tradies are spending hours more getting to their school All this is happening in the seat of Gilmore that the Coalition hopes to reclaim in 2025 Professor Mark Howden is reported to have said Australia would be in breach of the Paris Agreement if it abandoned the 2030 target and did not have a viable plan to reduce emissions must commit to their emissions targets if the world is to avoid life-threatening temperatures By approving more extraction of gas and mining of coal the federal government is allowing emissions to increase but the end result is increased global atmospheric carbon dioxide Immediate and stronger action on emissions and global warming is needed Dutton’s plan to refuse the 2030 climate change target runs the risk of a having a significant “own goal” impact on Australia Imagine if our export customers introduced a carbon levy on imports for agricultural products as is being discussed in various international trade forums In one fell swoop Dutton would make Australian agricultural exports more expensive and open the market for our competitors This would also have knock-on effects across other export industries such as mining and technology where energy is used in production Our extractive energy companies already receive massive subsidies to drill and dig Does Dutton expect these subsidies to extend across all our agricultural exports as well An interesting approach for the “free markets” party of “lower taxes”.Bernard Stever Someone needs to remind Dutton that the object is to land political blows on the government Do our state MPs and local councillors, in this case Labor, have so little to do in their day jobs, so much time on their hands, and such a great need to top up their inadequate salaries, that they have to take on additional employment (“MPs pocketed $200,000 working for disgraced super fund” June 12) with additional remuneration of around $100,000 for I’m now waiting for the excuses and the golden handshakes There are too many pollies and ex-pollies taking on “jobs for friends” across all fields - super Your article gives a painful description of the day-to-day drug dance of deceit and destruction that the whole Biden family has lived through (“One thing everyone is missing about Hunter Biden’s case” Hats off to a loving father for giving the best and only answers he could give to both questions many media seem to be enabling a false equivalence between the Trump conviction and the conviction of Hunter Biden or think that he deserved everything he got but he is not running for president or indeed any kind of political office The conviction of Hunter Biden for purchasing a gun while being a drug addict has a certain irony Just another indicator of the direction in which America is headed I can just see the first group of Gen Z troops arriving at their first training camp breakfast (“Want Gen Z to sign up to the army? Give them $50,000 for a house deposit” There is plenty of room for quality teachers from private schools disgruntled at not being allowed to switch off to move to great public schools (“Private schools fight to block teacher switched off” Teaching is hard enough and all teachers need time to disconnect from the classroom Your article makes some valid points about rent increases but, in my opinion, misses two important points (“‘No doubt we will see more homelessness’: Rents increase at more than six times the rate of wages” more than 80 per cent of rental property owners are individuals these “mums and dads” are unlikely to be able to absorb significant increased costs and accordingly the recent large interest rate rises and high inflation necessitates higher rents owners are likely to benefit from significant capital growth over the years but only if they can afford to cover costs simultaneously If too many “mum and dad landlords” sell up Perhaps Sydney Ferries could also schedule more services in anticipation of massive demand at predictable critical periods during events (“Two dangerous choke points, two near misses. Vivid’s crowd crush problem” A 52-minute wait at 11pm on Sunday evening for another Manly ferry tested the decorum of even the most patient Sydneysiders.Livid Sydney has lost its glow As an avid Vivid goer since its inception, I gave up going several years ago now, and unmanageable crowds was the reason (“Punters right to be livid with Vivid” How could emergency services respond to a medical emergency if they can’t get through the teeming mobs And for the last few years before I gave up people were bringing sleeping babies in prams who were at knee height and can hardly see colours which is a shame because the light displays are for the most part fantastic There seems to be some confusion between the meaning of weather and climate (Letters Your correspondent says that it was much hotter when they arrived from the UK and cooler now It may have been warmer some days in 1982 – that is a change in the weather The trend has been for each year to be hotter than the previous one – that is a change in the climate I have been reading for years how businesses routinely pass on their bank credit card charges to customers (“The way you pay is costing you big time. Here’s how to play your cards right” Nobody has ever challenged the fact that customers should not be charged the full bank rate The bank charge is an impost on business that can be claimed back when a proprietor’s tax return is submitted Customers therefore should only have to pay the bank charge less what the government reimburses the business as a tax write-off The advice provided in this article recommended paying for goods and services with an alternative account to credit Doing this regularly also requires some polite assertiveness as it seems to be customary nowadays for retailers Rishi Sunak says he regretted missing out on Sky TV (“Sunak blames D-Dayevent for holding up TV interview” Having confessed to her practice of inadvertently shortchanging various people in her youth, it is to be hoped that your correspondent didn’t choose to live in Fiddletown for the express purpose of perfecting her skills (Letters Did the phrase “fiddling the books” originate in Fiddletown I laughed when I read Elizabeth Maher’s letter about her problems with monetary calculations in her youth I know there’s humour in nominative determinism Your correspondent’s discomfort appears to be at the lower end of the scale My brother’s Christmas job was in a fruit shop Try this typical purchase for mental arithmetic: one pound 12 ounces of fruit at one shilling and 10 pence per pound He had to rely on an educated guess (probably three shillings and tuppence in this case) and never had a customer complain I’d like to apologise to my .3 lover (Letters Reflecting on my stupidity as a teenager and young man I suggest the minimum voting age should not be reduced to 16 but increased to 30 (Letters The article about Elizabeth Bay residents fighting to stop yet more low-cost housing being demolished for fewer luxury apartments highlights one step the state government could and should immediately undertake as a small part of addressing the housing affordability crisis (\\u201C\\u201D I doubt the premier\\u2019s housing plan envisaged the demolition of 28 smaller relatively low-cost units in Elizabeth Bay and their replacement with 22 large luxurious and costly apartments despite community activism and the council\\u2019s refusal of the application I\\u2019m not naive enough to believe the Land and Environment Court will support their action It\\u2019s no longer a home but a property for wealth creation Clover Moore\\u2019s planning rules are not tight enough to stop avaricious development applications and now need reforming The Coalition\\u2019s latest response to the climate change problem is to hope that a cost-free solution will eventually magically appear (\\u201C\\u201D This approach assumes that climate change will not affect ordinary voters for a couple of decades \\u2013 or at least a few elections Dutton\\u2019s plan to refuse the 2030 climate change target runs the risk of a having a significant \\u201Cown goal\\u201D impact on Australia An interesting approach for the \\u201Cfree markets\\u201D party of \\u201Clower taxes\\u201D.Bernard Stever and such a great need to top up their inadequate salaries that they have to take on additional employment (\\u201C\\u201D I\\u2019m now waiting for the excuses and the golden handshakes There are too many pollies and ex-pollies taking on \\u201Cjobs for friends\\u201D across all fields - super Your article gives a painful description of the day-to-day drug dance of deceit and destruction that the whole Biden family has lived through (\\u201C\\u201D I can just see the first group of Gen Z troops arriving at their first training camp breakfast (\\u201C\\u201D to move to great public schools (\\u201CPrivate schools fight to block teacher switched off\\u201D Your article makes some valid points about rent increases but misses two important points (\\u201C\\u2018\\u201D so-called \\u201Cmum and dad landlords\\u201D these \\u201Cmums and dads\\u201D are unlikely to be able to absorb significant increased costs and accordingly If too many \\u201Cmum and dad landlords\\u201D sell up Perhaps Sydney Ferries could also schedule more services in anticipation of massive demand at predictable critical periods during events (\\u201C\\u201D and unmanageable crowds was the reason (\\u201C\\u201D How could emergency services respond to a medical emergency if they can\\u2019t get through the teeming mobs There seems to be some confusion between the meaning of weather and climate ( It may have been warmer some days in 1982 \\u2013 that is a change in the weather The trend has been for each year to be hotter than the previous one \\u2013 that is a change in the climate I have been reading for years how businesses routinely pass on their bank credit card charges to customers (\\u201C\\u201D The bank charge is an impost on business that can be claimed back when a proprietor\\u2019s tax return is submitted Rishi Sunak says he regretted missing out on Sky TV (\\u201Cevent for holding up TV interview\\u201D Having confessed to her practice of inadvertently shortchanging various people in her youth it is to be hoped that your correspondent didn\\u2019t choose to live in Fiddletown for the express purpose of perfecting her skills ( Did the phrase \\u201Cfiddling the books\\u201D originate in Fiddletown I laughed when I read Elizabeth Maher\\u2019s letter about her problems with monetary calculations in her youth I know there\\u2019s humour in nominative determinism Your correspondent\\u2019s discomfort appears to be at the lower end of the scale My brother\\u2019s Christmas job was in a fruit shop I\\u2019d like to apologise to my .3 lover ( Reflecting on my stupidity as a teenager and young man I suggest the minimum voting age should not be reduced to 16 but increased to 30 ( By 2024-07-16T13:06:00+01:00 Dennis Davidson’s UK and US-based Elizabeth Bay Productions (EBP) is partnering with Atlanta-based finance platform FilmHedge to back the fledgling company’s film and TV production slate.  The partnership with fin-tech firm FilmHedge will be managed by chief operating officer Chandler Heinz Laun who will have oversight over EBP’s creative packaging and individual project financing plans EBP has been building its development slate in close collaboration with UK-based sales agent WestEnd Films with which it has signed a first-look deal who has regularly worked with the Wachowskis and Terrence Malick and was named as a producer on the re-started production of Alec Baldwin’s Rust in February 2023 Rounding out the team are two Los Angeles-based executives: head of business development Eugin Koh and head of strategy and operations Clayton Heinz EBP film projects in the works include The Dimona Affair a whistleblower story set in Israel and inspired by true events Bookmark this page and keep track of the latest film release dates in the UK & Ireland The posting on Trump’s Truth Social platform is sending shockwaves around the world US industry frantically working out possible next steps ’Thunderbolts*’ has achieved the third-biggest opening number for a US studio film in 2025 Bookmark this page to keep track of all the latest festival dates CAD $90,000 in cash and prizes presented at Friday’s ceremony in Toronto Screen International is the essential resource for the international film industry access to the Screen International archive and supplements including Stars of Tomorrow and World of Locations Site powered by Webvision Cloud 2GB breakfast host Ben Fordham has secured a new tenant at $535-per-week 2GB breakfast host Ben Fordham has secured a tenant at $535 per week at his longtime Elizabeth Bay investment property through Cobden Hayson The studio apartment in the Tara, Greenknowe Avenue complex has 46 sqm space Fordham had previously offered the studio at $390 per week in 2022 which was the same rental as in 2020 during the COVID pandemic-impacted exodus from inner city rentals MORE: Home trick nets dad extra $426k a year 2GB radio host Ben Fordham bought the property in the ‘90s Fordham’s longtime Elizabeth Bay investment property will one day be home to his kids PropTrack calculates the suburb’s median apartment rent currently sits at $650 a week There have been eight studio rental offerings amid the 85 apartments since July with the studios offerings ranging between $420 and $600 Fordham purchased the property aged 20 for $139,000 in 1997 He lived for around five years in the early 1940s Moderne style complex MORE: Prices cut by a third: NSW’s most discounted homes called the apartment home early in his media career The apartment rode the pandemic rental market wave but has come out the other side MORE: ‘Danger’ suburbs where homeowners are losing money “Buying that unit was one of the best calls of my life,” Fordham told The Sell “I saved a $15,000 deposit and asked my friend Matt Hayson from Cobden Hayson to pick a place out for me “I often say to Matt that it was a purchase that changed my life “I hope my kids get to live in it one day when I kick them out of home.” Sydney's off the plan apartment market has been buoyant so far in 2024 The expectation at the start of the year was that there would be a spike in buyer sentiment with more positive news about inflation and interest rates and buyers would come flooding back into the sector With a cut likely pushed into 2025 or further the spike developers and project marketers were forecasting failed to materialize That being said, there was plenty of activity in Sydney's off the plan apartment development space Records were broken in Bondi Beach, while huge, suburb-shaping precincts are being delivered by Sekisui House Australia in Norwest and Deicorp in the Hills District breaking apartment sale prices for the area in the process Developers are now waiting on the weather, preparing their marketing material during winter, waiting to push the go button come September and get their projects in market for the famous spring and summer selling seasons Sydney so famously enjoys We've taken a look at the best to come for the rest of 2024 Clutch is set to make a big splash in the Eastern Suburbs market later this year Each of the apartments, designed by PBD and with interiors by Woods Bagot except the sprawling four-bedroom penthouses The apartments will sit above three new retail tenancies Clutch is planning to go back to back in the affluent East. They're looking at launching Margaux, another luxe development in Edgecliff Margaux will comprise just eight three-bedroom apartments, not far from Woollahra Village There's a huge focus on the interiors at Margaux. Clutch has used Decus, a local interior design firm who has an enviable portfolio working on some of Sydney's finest homes Margaux will be the first ever mutli-residential off the plan apartment development Decus has worked on penthouse-style apartments and four split-level apartments each extending onto generously sized balconies or terraces positioned to flow from primary living spaces and take advantage of the site's northernly aspect A communal open space will include a pool, lounge and outdoor seating. CBRE is marketing both Avra and Margaux Fabrizio Perilli's PERIFA is partnering up with Justin Brown's Abadeen to create a new waterfront precinct in Putney intending on creating a premium mixed-use development on the harbour The project, Putney Wharf Residences spans 15,870 sqm and includes the refurbishment of Halvorsen's boatshed to create a waterfront dining and commercial area two three-level apartment buildings with 49 one Part of the offering development will see 36 new marina berths created Joe Tack, Abadeen's Chief Operating officer sees the project as a rare opportunity to regenerate a significant infill site with 300 metres of waterfrontage Luxury developer Fortis is set to develop its first project in Elizabeth Bay Regency House will home 22 apartments across two buildings that will front two of Elizabeth Bay's best streets The two strikingly distinctive buildings by Smart Studio will have three two-bed apartments Private rooftop terraces for the penthouses of 10 Onslow and 21C Billyard will have barbecue and lounge areas and private pools Busy Sydney developer Deicorp is turning a 55-hectare patch of dirt just outside of Parramatta into a full mixed-use community Deicorp, who are teaming up with fellow developer PAYCE on the huge $700 million project dubbed Melrose Central, engaged Turner Architects to draw up the plans Melrose Central will see 494 apartments built across six buildings and medical tenancies at street level and in the podium Melrose Central will feature a major supermarket and several specialty stores, as well as outdioor dining spaces and health and wellness facilities. It will be well-connected to the rest of Sydney with the second stage of the Parramatta Light Rail to run right outside Builder developer DASCO is looking to launch their recently acquired Waterloo masterplan DASCO, a 4.5-star iCIRT-rated builder, secured a 1.7-hectare site at 903-921 Bourke Street, a former industrial site on the corner of Bourke, McEvoy and Young streets, from Melbourne developer Dahua earlier this year It was sold with development approval for a new mixed-use precinct with around 370 apartments and retail and commercial spaces The plans submitted by Dahua Group in 2022 not including the two heritage-listed buildings that will be restored will be focused around a central plaza with retail space and new parks with lush landscaping and multiple public art installations Described as a stepped tower with family-targeted terraces that address the park the building will have 147 apartments across its 20 levels Next door will be a six-storey plaza building with 23 apartments, defined as "quirky" by Bates Smart, while along Young Street there will be two other buildings, one with 21 apartments and the other with 32 apartments, designed by Richards and Spence who worked in collaboration with Bates Smart on the tower and the plaza "The quirky 6-storey plaza building defines the heritage square with clear reference to the industrial brick buildings of the past," the design statement as part of the 2022 development submission noted There will be a further two buildings facing Bourke Street designed by architect MHNDU in collaboration with Fieldwork taking the total number of apartments across the precinct to 373 apartments Eastern Suburbs developer Orosi is taking on its largest project to date, which will also be one of the largest the affluent Rose Bay has seen in years The integrated developer, who serves as both the architect and builder of its projects, will be launching the new development in the coming months some 50 two and three-bedroom apartments across a structure that ranges from four to five levels There will be 34 two-bedroom apartments and 16 three-bed apartments Orosi, led by Founder and Managing Director Hamid Samavi, secured the vast 3,000 sqm gateway site, a two year-long amalgamation of several lots over The Avenue, Old South Head Road and William Street The building, across the road from the Royal Sydney Golf Club inter-connected buildings to reduce its overall bulk setting back the development from The Avenue and William Street boundaries "The apartments are on the larger side, so they will suit a wide range of demographics, not just downsizers," Samavi told Urban, adding that the vision is to create an iconic landmark that serves as a welcoming gateway to Rose Bay "OROSI Rose Bay will set a new benchmark for architecture and sustainability in The Eastern Suburbs, featuring state-of-the-art facilities and curated retail spaces, including a Kosher café, an organic restaurant, and Sydney’s most iconic wellness centre," Samavi said Prominent Wollongong developer Level 33 will be launching its first development in Kiama PBD designed the four-level building with just 15 apartments above two levels of basement parking at 19-21 Bourrool Street, at the south end of the Kiama Surf Beach The proposed residential flat building is designed to respond cohesively to the existing and desired future character of the neighbourhood streetscape with appropriate build form and material palette that respond thoughtfully to the immediate context The 15 three-bedroom apartments are inline with the apartment sizes within the area, architect PBD suggests They said the proposal reflects current market demands in relation to typologies and living patterns in the local area They have another project in Kiama having acquired the Akuna St car park for $28 million last year They’re planning a shoptop development with 82 apartments above a retail precinct with 24 tenancies are selling their luxury equine estate in Bangalow with expectations north of $37 million that would reset the North Coast record The developer couple have outdone themselves with their latest lavish retreat which was built from scratch and three years in the making after purchasing the farmland for $3 million in 2021 In the latest addition to their luxury accommodation The Range Estates the 19 hectares nestled in picturesque country landscape is a sight to behold No expense has been spared on the property as it features a long list of luxuries a pool house for the 25-metre mineral pool for those making inquiries through Kim Jones But it is the Lanes’ meticulous attention to detail impeccable taste and love of horses that is perhaps what sets the estate apart from the rest of the luxury property market in the region the estate features a ubiquitous earthy tone throughout the home and an impressive dressage arena with a cross-country course and stables for horse enthusiasts They sold their luxury retreat The Range in the Byron hinterland last year for $33.6 million They are also planning another property flip in Byron’s Newrybar hinterland that they bought last year for $8.3 million next door to Liam Hemsworth Upside-down Byron Bay house for sale changes the rules Jet-set estate with the lot sells in the 'new Byron Bay' Buyer forks out $7.3 million for a patch of grass Earlier this year they flipped their Bowral homestead in a paint and paper renovation for $14.5 million selling to former V8 Supercars driver Paul Weel and his wife Emma who had no need for a mortgage to settle on the property Goldman Sachs Australia’s co-head of investment banking Zac Fletcher has sold his Point Piper apartment in the historic Ardenbraught building for circa $13 million The character-filled home was originally a part of a three-storey mansion that was later turned into luxury apartments with harbour views Not a bad result for Fletcher who bought the three-bedder for $9.4 million as an “in-betweener” two years ago He had just sold his Rose Bay home for $23 million and was yet to settle on his loftier Point Piper pad and he is still waiting for council approval to build his Michael Suttor-designed triplex plans The apartment was sold through Elliott Placks of Ray White Double Bay, who only listed it earlier this month. PwC Australia’s trust and risk business leader Corinne Best, and her partner Patrick Walsh, are offloading their Elizabeth Bay apartment. Buyers have been given a price guide of $16 million for the four-bedroom home, which is a consolidation of two units in the award-winning Pomeroy building. The couple have made quite the improvement to the home since they last purchased it for $3.45 million in 2013. The redesign includes high-spec finishes such as European oak and quartzite, custom joinery and high-end appliances. It is being sold through Oliver Lavers of TRG. Sydney’s renowned abandoned mansion in Mosman has finally found another buyer after it hit the market earlier this year with a development application approval to recreate the home. While Bo Zhang of Atlas Lower North Shore declined to comment on who purchased the derelict property, which was last guided for $9.65 million, he said the owner and buyer were both happy with the deal. The home, Morella, has been derelict for half a century despite being purchased in 2016 for $6.6 million. It was built in 1939 for the prominent Parer family, which purchased the site three years earlier for £500 from insurance inspector Quintin McGill. X-ray expert Leo Parer and his wife Helena commissioned its design by notable architect Eric Nicholls, a protege of esteemed architect Walter Burley Griffin. The once-grand sandstone estate, which the public can view from the Chowder Bay to Bradleys Head walk in Clifton Gardens, was left in such a state of disrepair, with crumbling walls, an overgrown garden that reached inside, missing walls and graffiti, that it became a safety hazard to even inspect. If the home is restored or rebuilt, the 891-square-metre block with a harbour and Heads panorama it is in good stead to fetch millions more than the suburb’s median house price of $5,475,000. As Fortis prepares to take the wraps of its new Rose Bay apartment project Atlas the luxury apartment developer is plotting another in the same suburb Earlier this year Fortis, the development arm of financier and investment manager Pallas Group, snapped up a prime double site on Ian Street, just two rows back from Rose Bay Beach They're planning a $16.5 million development, continuing their push into supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by MHN Design Union Dickson Rothschild prepared an Urban Design Study for the sloping 2,038 sqm site that is a short walk from the beach, the Rose Bay Ferry Wharf, and Rose Bay village They said the predominant pattern of development in this residential area book ended by New South Head Road and Old South Head Road is a transition from lower density single dwellings to medium density residential flat buildings "The report demonstrates that given the site’s accessible location and both the existing and emerging pattern of development in the area that a residential flat building is appropriate for the site "The design of the building has responded to the site orientation context and topography to provide generally north-west facing units which maximise amenity to balconies and living/dining spaces The proposed development is considered consistent with the desired future character of the area and is supported from an urban design perspective." The three-bedroom apartments start from 130 sqm of internal space and range in size up to 202 sqm not including the balcony that opens off the open plan kitchen The roofop penthouse features a significant rooftop terrace with outdoor kitchen The proposed development is just 600 metres from Atlas, Fortis' other Rose Bay apartment development which will be welcoming buyers in the coming month Fortis has had a busy 12 months or so across Sydney, Melbourne and Brisbane considers boutique moveStephen Nicholls Francesca Packer-Barham is looking to make a big move With her Darlinghurst Horizon apartment having had a $2m price drop Francesca Packer-Barham is considering buying into a new luxury boutique development in Elizabeth Bay The billionaire heiress’s level 40 Horizon apartment, listed with Highland Double Bay Malouf’s David Malouf since last November, now has $30m price guide, down from $32m Perhaps enthused by the prospect of an imminent sale it’s understood she’s been considering several luxurious apartments in the Billyard Ave development Disgraced doc’s unliveable home sells for $11m An artist’s impression of the Billyard Ave development RELATED: Inside Packer family’s incredible penthouse property portfolio with records showing she sold her two-bedroom apartment in Encore — the former Sebel Town House at 21 Elizabeth Bay Rd — for $2.6m in 2020 having paid $2.1m four years earlier through Richardson & Wrench’s Jason Boon and Geoff Cox to move into the Horizon penthouse which she’d bought for $16m in October The Encore apartment that Francesca Packer-Barnham sold for $2.6m in 2020 She’d bought it for $2.1m four years earlier One of the most recent buyers in Billyard Ave came from Encore — Tina Green widow of the late nurseryman Maurice Green who sold her penthouse there for nearly $18m via Boon and Cox recently RELATED: James Packer’s curious move on $132m mansion The Encore penthouse that Tina Green sold for nearly $18m via Boon and Cox Green bought this garden apartment in Billyard Ave instead for $17.5m because she wanted some outdoor space for her grandkids She was happy to trade her panoramic harbour view for a $17.5m garden apartment in Billyard Ave via Boon because it provided some outdoor space for when her grandchildren came to visit Other buyers in the SJB-designed Billyard Ave have included yachtie and former UBS Japan boss Matt Allen who paid close to $30m for that penthouse and lawyer Chris Coudounaris who bought the sub-penthouse for $22m Francesca Packer-Barham’s 40th-floor penthouse in the Harry Seidler-designed Horizon MORE: New skyscraper granted ‘unlimited’ height opposite the harbour at 21c Billyard Avenue and 10 Onslow Avenue.\u003c/p\u003e\u003cp\u003eThe proposed five and six-storey buildings by Smart Design Studio would cut the total number of apartments on the 1464sq m sloped site from 28 to 22.\u003c/p\u003e\u003cp\u003eThe plans on exhibition with the City of Sydney have an estimated cost of $23 million and would create one four-bedroom 18 three-bedroom and three two-bedroom apartments.\u003c/p\u003e\u003cp\u003eThere would also be a communal open rooftop on the Billyard building designed by Wyer \u0026amp; Co as well as swimming pools.\u003c/p\u003e\u003cp\u003eFortis associate director John Yacoub said the developer was grateful for the opportunity to work in Elizabeth Bay.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“Community is at the heart of what we do and our work in the nearby suburbs of Woollahra Rose Bay and Double Bay demonstrates our commitment to creating thoughtful spaces,” Yacoub said \u003c/p\u003e\u003cp\u003e“We have engaged with numerous stakeholders over the previous months and our proposal for this site is a reflection of the beauty and heritage of the locality.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“With an expected end value of $230 million \u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003e\u003cbr\u003e\u003c/p\u003e\u003cp\u003eWhile the Sydney-based developer originally intended to “renew” the buildings it was deemed this would result in a much poorer outcome and so they would be demolished.\u003c/p\u003e\u003cp\u003e“The proposed red and pink brick cladding on the exterior of the new building demonstrates a sympathetic response to traditional materials and finishes while remaining noticeably contemporary,” the report by Urbis said.\u003c/p\u003e\u003cp\u003e“Notably two and three apartments within Elizabeth Bay have recorded median prices of $1.8 million and $6.4 million according to Domain.\u003c/p\u003e\u003cp\u003eMeanwhile The plans would replace two brick buildings opposite the harbour at 21c Billyard Avenue and 10 Onslow Avenue The proposed five and six-storey buildings by Smart Design Studio would cut the total number of apartments on the 1464sq m sloped site from 28 to 22 The plans on exhibition with the City of Sydney have an estimated cost of $23 million and would create one four-bedroom 18 three-bedroom and three two-bedroom apartments There would also be a communal open rooftop on the Billyard building designed by Wyer & Co Fortis associate director John Yacoub said the developer was grateful for the opportunity to work in Elizabeth Bay “We have engaged with numerous stakeholders over the previous months and our proposal for this site is a reflection of the beauty and heritage of the locality “With an expected end value of $230 million we are confident that the finished product will bring together unparalleled quality and premium amenities in a location where new apartments are few and far between.” While the Sydney-based developer originally intended to “renew” the buildings it was deemed this would result in a much poorer outcome and so they would be demolished “The proposed red and pink brick cladding on the exterior of the new building demonstrates a sympathetic response to traditional materials and finishes while remaining noticeably contemporary,” the report by Urbis said the materials take cues from adjoining Inter-War residential flat buildings with red face brick finishes “This will enable the new development to present as sympathetic contemporary infill within its historical setting “The proposal will renew an ageing residential flat building with a skilful and site-responsive architectural design that meets council’s planning intent for ‘The Bays’ neighbourhood.” Developer Toohey Miller is also planning an eight-storey apartment building with a nod to tradition in the inner-city suburb two and three apartments within Elizabeth Bay have recorded median prices of $1.8 million and $6.4 million according to Domain Meanwhile, Fortis recently topped its flagship commercial office building in Melbourne that would eventually have a rooftop basketball court Adidas has signed up to be the major tenant of the 10-level mixed development at 65 Dover Street Developer Toohey Miller's descent on Elizabeth Bay is set to continue with the approval of their second development in the harbourside suburb Toohey Miller, led by local Nick Couloumbis, has been given the green light for Barncleuth Square, a collection of just 10 large owner-occupier apartments designed by SJB with views over Ruushcutters Bay will replace a mid-1960s block with over 20 apartments a block that took about 12 months to put together Couloumbis says Elizabeth Bay is a very desirable area "It's a stone's throw from the best restaurants in Sydney. Some people call it the Soho of Sydney," Couloumbis says In their Design Statement submitted to the City of Sydney Council, SJB said that Elizabeth Bay is part of the densest urban area in Australia with its own population of around 5,000 people many apartment buildings are vying for high levels of amenity," the report noted "This proposal offers relief to the density with only 9 apartments proposed for the site." The design is in keeping with the Art Deco apartment-style which boomed in the 1930s A significant number of those buildings developed nearly a century ago are now heritage-listed SJB says the facades of the surrounding four to seven-storey apartment buildings are intricately detailed in playful arrays of textures and patterns Situated just a street back from Macleay Street, known as Sydney’s most desirable high street Barncleuth Square’s five-storey brick design is in keeping with the evocative forms of its Art Deco neighbours Sustainability is a key focus of the project with initiatives such as a green roof to reduce building energy and the use of locally sourced bricks from Australian manufacturers Toohey Miller has had a long history in Elizabeth Bay Couloumbis' grandfather founded the company in 1955 when it was an architectural business Toohey Miller is currently developing No.1 Onslow Avenue in Elizabeth Bay three of which sold within the first few weeks of its late 2023 launch They are also working in a joint venture with Third.i in the neighbouring Potts Point, where they're currently developing Muse Potts Point There was a time when the garden apartment was regarded as the poor cousin of the apartment block who cares for a view when you could have a backyard for a pet and space for alfresco dining Green has forked out about $17.5 million through Richardson & Wrench’s Jason Boon for the ground-floor pad in Elizabeth Bay’s most recently released boutique address The 400 square metre garden apartment in the Billyard Avenue development sold for $17.5 million.Credit: Artist’s impression Joining Green in the SJB-designed building are fellow eastern suburbs identities like yachtie and former UBS Japan head Matt Allen, who paid almost $30 million for the penthouse who paid $22 million for the sub-penthouse Green’s purchase from developers Philippe Remond and Peter Walsh follows the recent sale of her penthouse in the nearby Potts Point Encore building for almost $18 million The holy grail for any apartment block is to become somewhat of a designer label to high-end shoppers The Harry Seidler-designed Horizon tower at Darlinghurst was for years the place to live in the inner city the Harry Seidler-designed tower in Darlinghurst that once boasted residents like the late Harry M as well as former residents like Baz Luhrmann and billionaire Bob Ell Still in residence are heiress Francesca Packer Barham and MONA’s David Walsh The Pomeroy building in Potts Point is another address that did well from a boujee reputation It is currently home to charity queen Skye Leckie Lisa Keighery and liquor baron John Piven-Large Up the road high-profile medico Kerryn Phelps print baron Michael Hannan and former Liberal Party leader Peter Collins have sold out of Ikon but audio king Peter Freedman and snack food mogul Lenka Dransfield have bought in to the building The historic Manar building lured the big names even before former lord mayor of Sydney Lucy Turnbull was born there scholar Sir Mungo William MacCallum and former prime minister John “Black Jack” McEwen The Manar building’s 296-square-metre penthouse sold for $13.46 million to artist Judy Garb Weiss.Credit: Domain And soon Manar will welcome its most recent buyers artist Judy Garb Weiss and her recently minted husband Sam Weiss Judy has settled on the gutted penthouse for $13.46 million that was sold recently by Victoria and Andrew Isles Royale & Co homewares distributor business Altium chairman Sam Weiss has resigned after 17 years.Credit: Louie Douvis The “blank canvas” last traded in 2009 for $2.25 million from former lawyer Russell Keddie and now comes with approval for a redesign by Lawless & Meyerson and MHNDU architects and will need to add a bathroom and kitchen The Weisses are cashed up for the purchase. Sam is the long-time chairman of ASX-listed circuit board software company Altium, which was sold to Japanese chipmaker Renesas in February for more than $9 billion. Still in Potts Point, the terrace of architect Alexander Michael has finally settled after a two-year put-and-call option revealing a $9.75 million sale price to child psychiatrist Felicity Waters and her husband, Adamantem Capital managing director Richard Waters. The Potts Point terrace of Alexander Michael and his late partner Tony White was for decades home to their extraordinary art collection.Credit: Domain The house was originally listed for $15 million three years ago but never sold and in 2022 the listing was taken over by Raine & Horne’s mother and son team Jane and Samuel Schumann with a $10 million guide. Michael and his late partner, acclaimed jeweller Tony White owned the terrace since 1978, having paid $85,000. TCI Renewables chairman Jim Cooney sold his Hyams Beach weekender for $6 million. Emily Simpson, of the Fairfax media family and a former bra entrepreneur, has bought the Hyams Beach holiday home of multimillionaire yachtie and TCI Renewables chairman Jim Cooney. Records show Simpson paid $6 million cash for the beachfront house, offering a decent return to Cooney given he bought it for $4 million in 2020. Emily Simpson drove the establishment of Sydney’s first public labyrinth, which is in Centennial Park.Credit: Quentin Jones It was listed late last year with $7 million hopes with Highland Property’s Bill Malouf and local agent Craig McIntosh, of The Holidays Collection. Simpson, the granddaughter of media proprietor Sir Warwick Fairfax and founder of underwear company Full Bloom, drove the establishment of Sydney’s first public labyrinth, which opened a decade ago in Centennial Park. Simpson’s purchase sets a high for Hyams Beach, topping the $4.8 million record set in 2018 by Sandy Jan, wife of foreign exchange dealer Tony Collick. Still with Jan, she recently purchased a Southern Highlands escape known as Rangeview in Glenquarry for $5.55 million. The Cottage Point weekender of Sylvia and Lawrence Myers last traded four years ago for $4.25 million.Credit: Domain When James Packer appointed Lawrence Myers last year as his new money guru, it clearly left Myers and his wife Sylvia less time to kick back at their Cottage Point weekender, prompting the Rose Bay-based couple to list it for sale. Lawrence Myers heads up corporate advisory MBP Advisory, and last year was appointed the money manager of James Packer.Credit: LinkedIn The couple only owned it for three years, having purchased it for $4.25 million. Sotheby’s Harriet France declined to reveal if the property scored more than its $6 million guide. Settlement will reveal if it tops the Cottage Point high of $6.8 million set in 2021 by Temple & Webster chief Mark Coulter. There was a time when the garden apartment was regarded as the poor cousin of the apartment block, but clearly not for Tina Green, widow of the late hotelier Maurice Green. After all, who cares for a view when you could have a backyard for a pet and space for alfresco dining, and in the latest designer digs. Green has forked out about $17.5 million through Richardson & Wrench\\u2019s Jason Boon for the ground-floor pad in Elizabeth Bay\\u2019s most recently released boutique address, Billyard Avenue. Joining Green in the SJB-designed building are fellow eastern suburbs identities like yachtie and former UBS Japan head Matt Allen, who paid almost, and lawyer Chris Coudounaris, who paid $22 million for the sub-penthouse. Green\\u2019s purchase from developers Philippe Remond and Peter Walsh follows the recent sale of her penthouse in the nearby , complete with old-fashioned harbour views. The holy grail for any apartment block is to become somewhat of a designer label to high-end shoppers. Forget your Gucci, Fendi or Hermes labels. For high-end downsizers, it\\u2019s all about the block where you live. Who can forget Horizon, the Harry Seidler-designed tower in Darlinghurst that once boasted residents like the late Harry M. Miller and billionaire Lang Walker, as well as former residents like Baz Luhrmann and billionaire Bob Ell. Still in residence are heiress Francesca Packer Barham and MONA\\u2019s David Walsh. The Pomeroy building in Potts Point is another address that did well from a boujee reputation. It is currently home to charity queen Skye Leckie, Lisa Keighery and liquor baron John Piven-Large. Up the road high-profile medico Kerryn Phelps, print baron Michael Hannan and former Liberal Party leader Peter Collins have sold out of Ikon, but audio king Peter Freedman and snack food mogul Lenka Dransfield have bought in to the building. The historic Manar building lured the big names even before former lord mayor of Sydney Lucy Turnbull was born there, such as Dame Nellie Melba, scholar Sir Mungo William MacCallum and former prime minister John \\u201CBlack Jack\\u201D McEwen. And soon Manar will welcome its most recent buyers, Manhattan couple-turned-Woollahra locals, artist Judy Garb Weiss and her recently minted husband Sam Weiss. Judy has settled on the gutted penthouse for $13.46 million that was sold recently by Victoria and Andrew Isles, of the A. Royale & Co homewares distributor business. The \\u201Cblank canvas\\u201D last traded in 2009 for $2.25 million from former lawyer Russell Keddie, and now comes with approval for a redesign by Lawless & Meyerson and MHNDU architects, and will need to add a bathroom and kitchen. The Weisses are cashed up for the purchase. Sam is the long-time chairman of ASX-listed circuit board software company Altium, which was in February for more than $9 billion. The house was originally listed for $15 million three years ago but never sold and in 2022 the listing was taken over by Raine & Horne\\u2019s mother and son team Jane and Samuel Schumann with a $10 million guide. It was listed late last year with $7 million hopes with Highland Property\\u2019s Bill Malouf and local agent Craig McIntosh, of The Holidays Collection. Simpson, the granddaughter of media proprietor Sir Warwick Fairfax and founder of underwear company Full Bloom, drove the establishment of Sydney\\u2019s first public labyrinth, which opened a decade ago in Centennial Park. Simpson\\u2019s purchase sets a high for Hyams Beach, topping the $4.8 million record set in 2018 by Sandy Jan, wife of foreign exchange dealer Tony Collick. Sotheby\\u2019s Harriet France declined to reveal if the property scored more than its $6 million guide. initial-scale=1\"}],[\"$\",\"meta\",\"1\",{\"charSet\":\"utf-8\"}],[\"$\",\"title\",\"2\",{\"children\":\"Toohey Miller Takes Elizabeth Bay Knockback to Appeal | The Urban Developer\"}],[\"$\",\"meta\",\"3\",{\"name\":\"description\",\"content\":\"Plans to develop a five-storey apartment building were put in jeopardy last year \u003c/a\u003eA four-storey mid-20th-century apartment block of 15 units is currently on the site.\u003c/p\u003e\u003cp\u003ePlans call for the demolition of existing structures to make way for a five-storey residential building of 10 apartments that would be aimed at downsizers.\u0026nbsp;\u003c/p\u003e\u003cp\u003eThere would be two apartments of two bedrooms and the remainder would have three.\u003c/p\u003e\u003cp\u003eAs part of its appeal process while revised plans scale back the balconies and facade.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eThe new plans also adjust the location of one of its balcony sets and remove curved balconies in favour of horizontal.\u0026nbsp;\u003c/p\u003e\u003cp\u003eAccording to the heritage commentary around the amended development proposal this reduces the visual presence of the building’s skyline “enabling the proposed building to fit more comfortably into the Ward [Avenue] views towards the new building”.\u003c/p\u003e\u003cp\u003eToohey Miller is no stranger to the Land and Environment Court having been through the process to get its No.1 Onslow Place development \u003ca data-mce-href=\"https://www.theurbandeveloper.com/articles/first-look-toohey-miller-onslow-place\" href=\"https://www.theurbandeveloper.com/articles/first-look-toohey-miller-onslow-place\" target=\"_blank\" rel=\"noopener\"\u003eover the line last year.\u003c/a\u003e\u003c/p\u003e\u003cp\u003eAlongside Thirdi Toohey Miller also secured a win through the courts for its \u003ca data-mce-href=\"https://www.theurbandeveloper.com/articles/thirdi-toohey-miller-potts-point-apartment-approved\" href=\"https://www.theurbandeveloper.com/articles/thirdi-toohey-miller-potts-point-apartment-approved\" target=\"_blank\" rel=\"noopener\"\u003eboutique apartment project at Potts Point\u003c/a\u003e in June The developer is undertaking a reassessment process and canvassing surrounding neighbours and property owners for their views on the amended proposal The developers applied to the City of Sydney Council to redevelop the site in mid-2023. A four-storey mid-20th-century apartment block of 15 units is currently on the site Plans call for the demolition of existing structures to make way for a five-storey residential building of 10 apartments that would be aimed at downsizers There would be two apartments of two bedrooms and the remainder would have three the developer has submitted updated plans for the 4 Barncleuth Square site including small sections of the site that are on council land now excluded from the works The new plans also adjust the location of one of its balcony sets and remove curved balconies in favour of horizontal According to the heritage commentary around the amended development proposal “enabling the proposed building to fit more comfortably into the Ward [Avenue] views towards the new building” Toohey Miller is no stranger to the Land and Environment Court having been through the process to get its No.1 Onslow Place development, also at Elizabeth Bay, over the line last year. Alongside Thirdi, Toohey Miller also secured a win through the courts for its boutique apartment project at Potts Point in June The incredible Sydney mansion that starred in Tom Cruise’s Mission Impossible 2 has sold for $80m which starred in the Tom Cruise epic Mission Impossible 2 But the Hollywood-style treasure in Elizabeth Bay was famous long before 1999 when it was one of the sets for the American action spy film that hit the screens a year later It was the first house to officially sell for above $1m in 1978 and set a record again in 2002 when it fetched $20.7m — and it has now been snapped up by a purchaser And is has long been rated as one of Sydney’s Top 50 homes Boomerang has been in the name of Katrina Fox the daughter of Melbourne-based billionaire trucking magnate Lindsay Fox since 2005 when it last traded for $20m (yes less than what it had traded for three years before when bought by the late cleaning contractor and art collector Horror $10m TikTok mansion finally for sale Chance to buy Kylie Minogue love nest No wonder Boomerang was the first home to sell for more than $1m in 1978 It was put up for sale by Ray White in 2017 with hopes of $60m and with Brad Pillinger of Pillinger for $80m in 2021 — the last agent to have it listed He couldn’t be contacted ahead of publication but other sources have confirmed the property has sold for the $80m asking price Speculation from other sources that the result was $105m have been dismissed There’s also speculation that Paul Biller of Biller Property was linked to the sale He had “no comment” when contacted tonight Boomerang sits on 4233sq m of waterfront land There’s no doubting the unique appeal of Boomerang It features 25 rooms including a private cinema modelled on the State Theatre Schaeffer had bought it from Duncan and Sally Mount for $20.7m in 2002 Even the former Prime Minister Malcolm Turnbull had once been interested in buying the prestige pile It broke records again in 2002 when it sold for $20.7m — only to sell for less three years later when bought by the Fox family But Boomerang really made its mark in 1978 when it was the first Australian residence to break through the $1m mark Oil recycler Peter Burnett paid $1.25 million Fox was the 10th owner since Boomerang was built on a much larger estate in 1926 for £60,000 by “music publisher” Frank Albert There are so few houses in Elizabeth Bay that PropTrack has no median house price available But the median apartment price over the past year was $985,000 Trucking magnate Lindsay Fox with daughter Katrina and grandchildren Camilla (left) and Charlotte MORE: Taylor Swift sells her jet just before Aus tour Inside the curious brothel up for rent at $73k a year Romantic listings that would get Cupid’s kiss of approval Lying behind golden stucco walls and black wrought-iron gates Elizabeth Bay mansion Boomerang has always possessed an air of mystery so it’s only fitting its sale is shrouded in rumour and speculation Now, AFR Weekend can confirm the storied mansion owned by the Fox family, whose patriarch is trucking magnate and Rich Lister Lindsay Fox sold before Christmas for about $80 million sold for $8.8m on Thursday to art dealer Denis Savill a sub penthouse once owned by flamboyant rocker David Bowie in the colourful Kincoppal building has sold for $8.8m to art dealer Denis Savill The exclusive Elizabeth Bay apartment community has been home to a slew of high-profile residents from Danny La Rue and Michael Parkinson to Bowie who claimed a local pied a terre there from 1983 to 1992 And informed sources have confirmed exclusively to the Wentworth Courier that it’s the apartment bought by Savill last Thursday, 51/93 Elizabeth Bay Rd, that Bowie had used as his Sydney base for his month-long trips to far north Queensland and the outback during the 80s “We knew it was Bowie’s old joint at the time and it looks exactly the same as when my dad owned it,” the source said Bowie had been fascinated by Australia since he was a 12-year-old living in London whose daughter Kathryn is an entertainment journalist who has worked on E Ferrari fan’s unit sells $1.7m over reserve VIPs get sneak peek at exclusive units two-bathroom unit with double parking had been due to go to auction on April 15 with an $8m guide but Sotheby’s managing director Michael Pallier and his new colleague had it sold on Thursday after receiving the strong $8.8m offer “We had a lot of interest in this apartment as soon as we listed it .. the deal was done quite quickly,” Pallier said MORE: James Packer throws down in epic battle of the penthouses it was said to be as ‘out there’ and ‘bizarre’ as the late superstar musician itself Apparently Bowie had wall to ceiling mirrors installed in the living room and a chest high glass shelf ran around much of the main areas of the apartment Later owners of the blue-chip home were less than impressed with Bowie’s home style and his personal touches have all been removed by renovations The home stylings of David Bowie aka Ziggy Stardust were as ‘out there’ as the artist himself who sold his Paddington art gallery for $5.3m in 2021 to Amber Symond wanted the Kincoppal apartment because of of its panoramic water views for himself and partner Anne Clarke the waterfront estate where Kincoppal stands today was once known as Kincoppal estate and housed a grand manor built by grocer turned wealthy landowner and Catholic benefactor John Hughes MORE: How a $2 investment could earn you $78,000 each year Art dealer Denis Savill is the apartment’s new owner His daughter Maria transformed the property into a private girls’ school Mirvac took over the site to build a luxury residential block had long since moved to its present position atop ‘The Esses’ on New South Head Rd the gatekeeper’s cottage and tramsheds remain as do many of the established trees planted by the Hughes family The notable waterfront block sits in the prestigious “loop” of Elizabeth Bay Rd and has plenty of perks for today’s residents including a concierge resort-style facilities and tranquil parklike grounds extending to the water’s edge the sub penthouse has a sweeping harbour vista and one of the largest footprints in the building offering all the space of a house without the hassle of maintenance Beyond a grand entry foyer the spacious residence opens up to a large open-plan living and dining area complete with a full-width balcony the apartment captures a panoramic water backdrop of Rushcutters Bay the Cruising Yacht Club and Clark Island over to Mosman and Manly MORE: Latrell Mitchell’s controversial farm for sale Byron prices plummet in ‘reverse Hemsworth effect’ $35m Byron Bay celebrity hideaway up for grabs