Lend Lease is set to slap a $50 million-plus price tag on penthouses in the Renzo Piano-­designed One Sydney Harbour complex at Barangaroo South, making them the most expensive apartments to be marketed in Australia. The group is yet to finalise its internal designs for the three apartment towers, but sources said the company would probably market “more than one” apartment in the complex for more than $50m.

The noose is tightening on foreigners laundering money into Australian property, with the Australian Crime Commission (ACC) questioning real estate agents in expensive Melbourne eastern suburb locations, which are known to be hotspots for overseas buyers.

Nine home owners in St Leonards on Sydney's lower north shore have grouped together to create a development lot that could yield more than 200 apartments and a multi-million dollar pay day. Residents on Holdsworth Avenue and Canberra Street have appointed JLL agents Sam Brewer and Ben Hunter to market their nine homes in one line, spanning a total of more than 5700 square metres. Some estimates suggest that the properties could fetch a combined price of up to $55 million.