Sale

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The Double Bay apartment block Monterey sold at Monday auction for $6,8 million. There are seven apartments in the 1920s complex at 256 New South Head Road, up the hill from the village.

It was marketed by NG Farah agent Joe Recep as "a rare entire apartment block offering."

Buyers were advised there was scope to "add further value" with the potential to sell the apartments separately.

The building was already a strata block with the units sold off separately in the early 1990s. The apartments were mostly three bedroom, two bathroom with high ceilings and bay windows.

The most recently available apartment was at a $550 a week asking rental, down on its peak $750 a week rate sought in 2015. It was up for rent at $350 a week. in 2005.

The period building came with a wide timber staircase.

The bidding at Cooley Auctions opened at $6 million. There were just the two bidders competing.

The vendor had accumulated all seven apartments between 2001 and 2008 at a $2.5 million cost.

Monterey is diagonally opposite the 2018-completed Golden Age complex, Essence which is a striking strata complex at 315-321 New South Head Road.

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Golden Age secured off the plan sales in 2016. A recent resale was $2.75 million last March for an apartment sold off the plan in 2016 at $2.66 million.

Essence has 38 residences in two buildings.
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A Double Bay block of seven apartments was sold at auction for $6.8 million

jchancellor

$6.8 million paid for Double Bay block of apartments

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The display home at Frasers Property’s master-planned neighbourhood, Putney Hill sold at its recent auction.
The 76 Lardelli Drive offering was designed by Cox Richardson at one end of the picturesque Lardelli Park. 
It was styled by Coco Republic.
The ready-to-move-in four-bedroom family home sold through auctioneer Vic Lorusso for $2.15 million to a family with three young boys.
There had been around 160 inspecting the property throughout the campaign with six bidders registering for the auction.
It was a mix of owner-occupier buyers including empty nesters (over 50s), young professional couples (between 30-40 years of age), and young families. 
Frasers Property sales director Paul Lowe said the auction gave everyone an equal chance of buying this newly completed house.  
To date all opportunity to buy from the developer in the <a href="https://putneyhill.com.au/" target="_blank" style="line-height: 1.3em;">Putney Hill precinct</a> have been initially offered via off the plan private treaty.
<div>It had been listed with a $1.85 million plus price guidance.</div>
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Three display homes have also become available at <a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Upper/Turramurra/House/78P0011-414-420-bobbin-head-road-turramurra-nsw-2074" target="_blank" style="line-height: 1.3em;">St Columbans Estate</a> at North Turramurra through Belle Property.
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All homes feature an impressive formal entrance.
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jchancellor-FAypfDUnLy

Putney Hill display home fetches $2.15 million

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The former longtime ANZ chief John McFarlane has secured $4 million for his Mermaid Beach duplex apartment.
McFarlane spent $4.2 million on the <a href="https://www.realestate.com.au/property-duplex+semi+detached-qld-mermaid+beach-118767483" target="_blank">Hedges Avenue, Mermaid Beach</a> purchase in 2009.
The Ray White marketing said the vendor had relocated to London. The former long-serving ANZ chief executive, now chairman of Aviva which ranks as one of the world's largest insurers, quit Australiain 2012. The Scottish born, but a naturalised Australian, had lived in Melbourne since 1997. His Walsh Sreet townhouse fetched $4.8 million in 2012.
There had been $5 million Mermaid Beach hopes on its early 2015 listing, then $4.3 million after its unsuccessful March auction. It sold through Ray White Prestige Surfers Paradise agents Nick Baxter and Robert Graham. 
In 2009 McFarlane upgraded to the beachfront after he secured $1,675,000 for his 19th-floor Aria penthouse at Broadbeach through the then Ray White Broadbeach agent, Michael Kollosche having paid $1.3 million for the three-bedroom, 285-square-metre unit in 2002.  
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Former ANZ chief John McFarlane takes Mermaid Beach millionaires' row minor loss

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An olive plantation in South Australia’s Murray Mallee region is being offered for sale under instructions from BRI Ferrier through CBRE Agribusiness.
Lameroo Station Olives is a mixed horticulture, cropping and livestock operation spanning 2,129 hectares near Pinnaroo, close to the Victorian border.
Lameroo Station Olives comprises properties known as 661 Karte West Road, Karte; 71 Netherton Road, Peake; and 5 Chandos Road, Pinnaroo. 
The substantial aggregation includes a 437 hectare olive orchard planted to various varieties, including Frantoio, Kalamata, Banea, Piqual and Manzanillo. 
Selling agent Phil Schell said 2,881 megalitres of water entitlements support the large scale horticulture operation
Registrations of Interest close August 7.
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BRI Ferrier list Murray Mallee olive plantation

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Woolworths is looking at a sale of its Thomas Dux gourmet food store chain, The Australian Financial Review  reports.
The company has reportedly sought expressions of interest from trade buyers and private equity investors.
It is asking between $10 million and $20 million for the 10-store chain, according to the report which suggested potential buyers could include South African retailer Woolworths Holdings, which purchased the upmarket department store chain David Jones.
The first Thomas Dux store opened in 2008 in Sydney's lower north shore suburb of Lane Cove, with the second in Paddington.
In 2009 Dux opened is recently closed store on Crown Street, Surry Hills.
The company bought leases on eight Macro Wholefoods sites, including Crows Nest and Hornsby.
Tim Morris, from New Zealand-based Coriolis Research, advised in 2008 that no "middle market" retailer in the world had ever been able to make a success of an upmarket small-format store.
The 10-store gourmet food chain became profitable last year.
Thomas Dux was pitched as not quite as fancy as upmarket rivals Simon Johnson or Jones the Grocer, but taking on Norton St Grocer and Harris Farm Markets in the middle ground of specialty grocer-cum-deli with an emphasis on fresh foods.
It was pitched as selling niche brands which Woolies didn't stock in its then 777 supermarkets nationwide.
 
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Thomas Dux food chain listed for sale by Woolworths

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The former cricket champion Steve Waugh and his wife Lynette paid $56,000 for their 1515 sq m Alfords Point building block in 1986, two years after the start of his first-class cricket career.
The right-handed batsman, and a medium-pace bowler married Lynette in 1990.
This weekend the Federation-style home fetched a record $1.9 million, close to double CoreLogic RP Data's median house price in Alfords Point of $1 million.
It sold <a href="https://www.realestateview.com.au/Real-Estate/65-coachwood-crescent-alfords-point/Property-Details-buy-residential-8998212" target="_blank">through Matt Debreczeni at Ray White Menai</a>. The Sutherland Shire suburb went past $1 million in 2000, with its record sitting at <a href="https://www.realestateview.com.au/Real-Estate/43-lomandra-place-alfords-point/Property-Details-sold-residential-8443392" target="_blank">$1,685,000 since earlier this year,</a> some four years after a nearby $1,611,000 sale.
<img src="https://i1.au.reastatic.net/456x342/bd7c144a6bf600fe4b428bfd05df9d78787494a97079ae79b1fb400ca66dc665/main.jpg" alt="65 Coachwood Crescent, Alfords Point" title="65 Coachwood Crescent, Alfords Point" data-index="0">
CoreLogic RP Data pus its median house price a <a href="https://www.urban.com.au/property-observer" target="_blank">just over $1 million for the first time.</a>
Bordering Mill Creek Reserve, the grand Alfords Point home has a resort style pool area.
They are off to a beachfront property in Cronulla which cost $4.275 million in 2013. It had been listed with $4.8 million hopes.
The former test captain bought it from the Ibbotson family who bought it from the Crompton family for $925,000 in 1994.
No one watching at the ground or on television <a href="https://www.thatscricket.com/australia/players/sr-waugh" target="_blank">will ever forget his last game</a> on the SCG.  
 
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Steve Waugh sells Alfords Point

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Harvest Farm, one of the Yarra Valley's finest residences on acreage, complete with two B &amp; B cottages, <a href="https://www.realestate.com.au/property-acreage+semi+rural-vic-healesville-120056253" target="_blank">has been listed for sale</a>.
The Healesville estate was created by food and lifestyle business identities Michael Kennedy and Kylie Balharrie, who are best known for running the Healesville Hotel.
The 101 Badger Avenue has been listed through Matt Childs and Pat Hawkins at Pat Rice &amp; Hawkins who expect the 7.63 hectares (19 acres) property will attract offers above $1.6 million. 
Offers are due by August for the architect designed, craftsman built contemporary four bedroom homestead. The solar passive home was designed by architect Kylie Fitt and built by Overend Constructions in 2006 featuring the use of rammed earth, glass and cedar timber.
It was built along an east west axis with the 35 metre long rammed earth wall as its spine in order to harvest the solar resources and to show the unobstructed district features including the mountain ranges that adjoin Healesville.
The two original cottages on the property when the Kennedy-Balharrie partnership first purchased the block have been restored as self catering accommodation. 
Growth over the last decade has created an over six figure guest income, with the farming have been menioned in numerous architectural, lifestyle and destination publications, on popular television programs.
The house featured in the recently released Country Style Homes book as ”a house that inspires and delights”.
The family are moving closer to schools. 
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Rammed earth Harvest Farm, Healesville homestead listed 

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A raw development site in Sydney’s inner south-west has sold in Belmore.

The 685sqm site, which presents a residential development opportunity, was purchased by local residential developer Amira Property Investment.

Comprising a vacant residential dwelling, the site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/33_lucerne_street_belmore.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/33_lucerne_street_belmore.jpg?itok=YGax1tA9" width="580"></a>

Formerly owned by the Leigh family of Belmore, the site included a large rear garden and off-street parking for two to three cars.

Savills Australia’s Ollie Ridley and Nick Lower negotiated the deal who said the opportunity was highly sought after by residential developers looking to convert the site into a new townhouse or duplex development.

Capitalising on the growth of Belmore, many developments are rising up in the inner south-west suburb surrounded by residential housing.

Amira Property aims to develop the site into duplex homes.

<h2>Other new residential developments in Sydney’s inner south-west</h2>

Located less than 30 minutes by train to Central, Belmore is becoming an attractive location for developers and homebuyers alike due to its tight-knit community and the incoming Belmore metro station.

Other new developments in Belmore include Cornerstone and Aura, which are catering to the suburb’s substantial population growth.

Delivered by ALAND, <a href="https://www.urban.com.au/new-apartments/cornerstone-717-727-canterbury-road-belmore?last_source_news_article_id=82254&amp;ref=news_related_project">Cornerstone</a> is a five-level residential development on Canterbury Road in Belmore, offering 141 one, two, and three-bedroom residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg?itok=ObyotR6t" width="580"></a>

Apartments in the complex include recessed balconies, high ceilings and open-plan kitchens, as well as amenities such as ground-floor retail spaces and parkland.

Down the road in Canterbury, <a href="https://www.urban.com.au/buildings/aura-396-398-canterbury-road-canterbury?last_source_news_article_id=82254&amp;ref=news_related_project">AURA</a> is offering one-bedroom apartments from just $588,000. The homes include contemporary design, entertainers’ balconies and large courtyards.

Designed by Glyde Architects, AURA includes open district and city skyline views, designer stone kitchens and wood texture cabinetry throughout.

A security storage cage is available for all residents, making the home a smart decision for owner-occupiers and downsizers.
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The site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning

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Raw development site sells in Sydney's inner south-west

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The property industry veteran Lyn Shaddock and his wife Jan recently snappily sold their Werai retreat, The Folly, after just four weeks on the market. 
Shaddock, chairman of Growthpoint Properties and Calibre Capital, listed the 4.7 hectare property with $2.45 million hopes with Margaret McCauley Real Estate along with <a href="https://www.cjpbowral.com.au/properties-for-sale/rural/rural-detail/TheFolly" target="_blank">Angus Yuill of Campbell Jones Property</a>.
The four bedroom, three bathroom house was built after the land was bought for $500,000 in 2001. 
The Greenhills Road property with irrigated cold climate gardens fetched $2,285,000. There is a barn built of Northern River hardwoods with mezzanine loft.
 
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The Folly, Werai sold in NSW Southern Highlands

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Rugby player Quade Cooper has put his Hawthorne, Brisbane home on the market.
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<a href="https://www.realestateview.com.au/Real-Estate/8-mcdonald-street-hawthorne/Property-Details-buy-residential-8661210" target="_blank">The Ray White listing</a> follows his $1.845 million purchase of a four-bedroom, three-bathroom Bulimba home.
The contemporary Bulimba house with marina berth had $2.2 million hopes.
The home’s former owner was Place Bulimba real estate agent Shannon Harvey.
Set in the Addison Quays development, the home was designed by award winning architect John Robertson.
Cooper bought in Hawthorne at $1.55 million in 2013.
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