One of the most exclusive waterfront residential precincts on the northern Gold Coast has reached total sell-out with almost $60 million in sales now finalised. The Promontory, which is the most prestigious residential precinct within the $650 million Ephraim Island residential development, is now totally sold. National publicly listed real estate and development company Mirvac and joint venture partner Lewis Land Group of Companies have just sold the final beach house at The Promontory for $2.9 million. The Promontory is surrounded by water and includes a mix of vacant residential sites, villas and spectacular beach houses which each boasting a waterfront position. In total at The Promontory precinct seven vacant residential lots for $14 million; seven houses for $21.1 million and 14 waterfront villas for … Continue reading →
Work is well advanced on the civil construction of 15 absolute oceanfront residential blocks of land as part of the second and final stage of the $100 million Mariner’s Peninsula residential development in Townsville. The first stage, called The Stanton Apartments and Foreshore Houses, has been a north Queensland property success story and the second stage is also attracting strong interest. A total of 7 of the 13 residential blocks released so far are sold and they should be all completed early next year. Two additional blocks will be released in the future. The home sites overlooked Cleveland Bay and Magnetic Island and will eventually accommodate some of the finest homes in North Queensland. Prices achieved for the home sites so far sold have ranged … Continue reading →
Arts guru merchant banker Simon Mordant is the reputed $11 million buyer of the garden apartment in the recently completed Buckhurst block in Point Piper. The ELK development group secured $68 million in sales of the six harbour front Buckhurst Avenue apartments. The whole-floor units were designed by architect Alex Popov, with interiors by Ruth Levine Designs, following two years of construction. Simon and Catriona Mordant have been living in Darling Point for the past 24 years, with almost a decade in a two-storey hillside triplex penthouse developed by Ron Powell to a design by Peddle Thorp and Walker. Their current abode, which cost $5.25 million in 2002, had 245 square metres of space plus 95 square metres of terraces. Buying? Selling? Make the right … Continue reading →
Troubled property tycoon, Warren Anderson, has vacated his historic Fernhill Estate in Sydney’s Mulgoa making way for its sale with vacant possession. "Buyers’ interest has been very strong, however Mr Anderson’s occupation caused difficulties with inspections," says Colliers International NSW Development Director of Residential, Guillaume Volz. Anderson was made bankrupt in June of this year, not long after the demise of his 42-year marriage to his wife Cheryl, and went on to disperse the homes contents of Regency antiques, paintings, and an impressive collection of taxidermy and raised $12 million. "Now he has left, parties can progress their interest in the knowledge that vacant possession is assured,” says Volz. Not new to the eviction process, the developer, whose wealth was estimated at $190 million by … Continue reading →
The far NSW south coast hinterland retreat of Michael ‘Flea’ Balzary from the Red Hot Chili Peppers has been sold. But its $1.4 million sale price represented a significant loss on the $1.795 million paid in 2004. The beef cattle farm with four-bedroom homestead had been initially listed late 2010 with a $2.1 million asking price. Koorabel Park is a 218-hectare property located in the Mogendoura Valley, approximately 10 kilometres from the town of Moruya on the south coast. The property has a substantial homestead plus a studio and garden shed. Its outbuildings include two sheds, which were once part of the old Mogendoura Cheese factory. There are also cattle yards with full crush and also a very old slab barn. It comes with the … Continue reading →
Packed to the Rafters star Rebecca Gibney and her husband, artist Richard Bell, are selling the Clareville home they bought in 2009, with the couple simply not having time to turn it into their dream home. The family, who recently sold in Tasmania, are intent instead on finding a contemporary house in the Pittwater precinct north of Sydney. “Due to increasingly busy schedules, we have decided not to renovate our home on the northern beaches,” Gibney has told the local press on listing the property through Andrew Blake from Andrew Blake Real Estate. The four-bedroom house on a 948-square-metre block has views of Pittwater towards Ku-ring-gai Chase national park and is within walking distance of the beach and shops. It cost $1.22 million in 2009. … Continue reading →
The Stonington Mansion development site in the Melbourne suburb of Malvern has released its final townhouses. Simply named Stonington’s ‘Townhomes’, the Rothe Loweman designed residences are located in an exclusive new neighbourhood off prestigious Somers Avenue. They boast generous open plan living spaces, with distinctive, modern finishes, and substantial landscaped courtyard gardens designed by celebrated landscaper, Paul Bangay. The low maintenance residences are priced from $850,000 for the two-bedroom residences, from $1.05 million for the three-bedroom residences, and from $2.45 million for the four-bedroom residences. The sites figurehead mansion, who not only leant its name to the development, but also the surrounding governing area ‘City of Stonnington’, Stonington Mansion was formerly the Australian Government House. It was built for John Wagner, a partner in Cobb … Continue reading →
Hawthorn AFL premiership Captain, Sam Mitchell, is continuing to market his property in the leafy Melbourne suburb of Hawthorn for $1.25 million after it failed to sell at Auction a week ago. After several interested parties inspected the property numerous times throughout the marketing campaign, the house was unexpectedly passed in at the auction after raising only three vendor bids. The Auction opened at $1.05 million, and finished at $1.15 million. The footballer bought the home in 2007 for $920 thousand, and it is where he and his wife, Lyndall Degenhardt, have been raising their one-year-old son Smith, and twin baby daughters, Emerson and Scarlett. The single fronted Victorian style home has been completely renovated and features three bedrooms, a Caesar Stone bathroom, open plan … Continue reading →
Buy someone else’s dream. That was the obvious maxim after the six well-renovated houses sold at mostly mediocre prices in the televised finale of The Renovators, the Channel Ten renovation reality series. Based on the costs of purchase and renovation just two of the six offerings – Blacktown and Glebe – did well. Another two – St Peters and Castle Hill – fell well short. The Blacktown fibro possibly won because the backyard pool was thrown in. The overall results weren’t pretty, with three selling at a loss after taking into consideration purchase price and stamp duty plus the declared renovation budget of an additional 20%. It’s not to suggest the Century 21 selling agents didn’t market the offerings well, given it was quite unusual … Continue reading →
American actress, film producer, and former fashion model, Sharon Stone, is selling her gated, and secluded estate in Beverly Hills. Stone bought the property back in 2006, however it’s no stranger to the property market, with the star listing it unsuccessfully a handful of times since acquiring it, with the asking price decreasing every time, starting at $12 million, and ending these years later at just under $9 million. Stone also listed the property for rent in 2008 at $58 thousand a month. The 4.85 acre property includes garage parking for over 14 cars, numerous outdoor entertainment areas, resort style-swimming pool and spa, tennis court with viewing pavilion, and a meditation garden. The home features five bedrooms, nine bathrooms, a state-of-the-art media room, gym, and … Continue reading →
