SINGO RETURNS WITH LUXURY WATERFRONT APARTMENTS IN GOSFORD
Advertising legend John Singleton unveils an exclusive 16-residence Caroline Bay development, marking his latest high-end property play on the Central Coast.
2 min
Legendary adman John ‘Singo’ Singleton has unveiled the newest project under his John Singleton Group development company.
The new project, 49Caroline, named after its location at 49 Caroline Street, will deliver just 16 luxury apartments to the Caroline Bay foreshore.
It is being developed in partnership with privately owned financier Alceon, which has a strong track record in the area, having recently completed Rumbalara Residences, a gated community comprising four buildings and 188 apartments. The project recently set a Gosford record with the sale of a penthouse for $7 million.
The 16 apartments at 49Caroline will comprise a mix of three- and four-bedroom residences, priced from $2,295,000.
The absolute waterfront development on Caroline Bay has been designed by Mosman-based architect Enrique Blanco de Cordova of deBlanco Studio.
Gittoes agents Stephen Gittoes and Richard Faulkner are marketing the project as a “once-in-a-lifetime offering on the Central Coast”.
They say each residence is “shaped by an architectural philosophy that balances timeless elegance with contemporary coastal living.
“Expansive interiors, generous outdoor terraces and floor-to-ceiling glazing invite the water into every moment. From the private jetty to the pool glistening over the bay, life here unfolds with effortless beauty and ease,” Gittoes says.
Resident amenities include a waterfront spa, pool and cabana, landscaped gardens, indoor-outdoor entertaining spaces, and a firepit alcove designed for golden-hour gatherings.
Construction firm JDC Property has been appointed to build the project.
The John Singleton Group website also references a previous project in Gosford, Bonython Tower, completed in 2019. The 56-apartment building is located on Mann Street in central Gosford.
The group has another project in the pipeline. The Lodge will be a luxury “10-star” lodge and restaurant complex at Mount White on the NSW Central Coast, adjacent to his successful Saddles restaurant and his former Strawberry Hills stud, which he sold in 2023 to John Magnier’s Coolmore Stud for more than $30 million.
The Lodge will feature a 17- to 20-room boutique hotel, designed as a series of pavilions offering premium accommodation.
Singleton is one of Australia’s most well-known advertising entrepreneurs.
e co-founded SPASM in the late 1960s. In the mid-1980s, after selling SPASM, he started John Singleton Advertising, which went on to create the campaign for Bob Hawke’s successful 1987 federal election.
He has long had an affinity with property, both commercial and residential
He owned his Paddington office compound, The Bonython (unrelated to his Gosford tower project), for five decades before selling the former art gallery space in 2024 for $33 million to Annie Cannon-Brookes, the former wife of Atlassian billionaire Mike Cannon-Brookes.
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A restored 1860s Brisbane residence transformed by GRAYA has smashed Paddington’s house price record, selling for more than $12 million.
Australia’s capital city housing markets have continued to record price growth, although higher interest rates and economic uncertainty are beginning to temper momentum.
3 min
Capital city home prices have continued to rise in April despite higher interest rates and ongoing uncertainty about the outlook for inflation and the global economy.
Growth rates, however, have eased, reflecting the usual subduing effect of the lengthy April holiday month.
The national capital city median house price increased marginally by 0.2% over the April quarter to $1,297,798 compared to the March quarter, according to the latest data from My Housing Market.
Annual national house prices are, however, 10.2% higher and have now increased for 14 consecutive months.
Most capitals reported house price increases over the month, with Brisbane and Perth the top performers, each higher by 1.3%, followed by Hobart and Darwin, both up 1.2%, Adelaide up 0.2%, with Sydney steady. Melbourne prices, however, fell 0.7%, while Canberra prices fell 1.7%.
Most also report strong annual house price growth in excess of 10%, with Perth, Darwin, Brisbane, and Adelaide clearly the highest, up by 25.7%, 21.6%, 20.0% and 14.2% respectively.
National unit prices were also higher in the April quarter than in the March quarter, rising by 0.5% to $728,459, and have now increased by 8.2% compared to the April quarter 2025 result.
Brisbane was the top monthly performer in April, with unit prices rising by 1.7%, followed by Perth up 1.0%, Melbourne and Canberra each up 0.9%, Adelaide up 0.6%, and Hobart up 0.1%. Sydney unit prices were steady over the month; however, Darwin unit prices were down 0.8%.
Similar to houses, Perth, Brisbane, Adelaide and Darwin continue to record the highest annual unit price growth to April 2026, at 30.1%, 27.8%, 12.9% and 11.8%, respectively.
Analysis
Capital city housing markets have generally reported higher home prices in April, although growth rates have eased compared to March.
Easing housing markets reflect the usual dampening effects of the lengthy April holiday month, although higher interest rates and increased uncertainty about the economic outlook have weighed on affordability and confidence.
Robust annual home price growth, however, continues for most capitals with Perth, Darwin, Brisbane, and Adelaide still reporting boomtime results.
Although 2026 is still set to see home price growth generally in most capitals, the rising spectre of further interest rate increases and elevated uncertainty over the outlook for inflation and the economy will continue to dampen affordability and confidence.
Brisbane, Adelaide, Perth and Darwin, however, are again set to lead capital city outcomes for both houses and units, but are unlikely to match the extraordinary 2025 results.
Brisbane, Perth and Adelaide continue to record higher median house prices than Melbourne, with Perth now closing in fast on Brisbane and set to lead all but Sydney.
Underlying drivers will continue to support overall housing market activity, although the outlook for RBA interest rates is more problematic, with inflation set to accelerate and economic activity to decline as a consequence of the recent sharp increase in oil prices.
The economy, however, remains strong, with a steady, still-low jobless rate, falling unemployment, continued robust job growth, and a high participation rate.
Housing demand continues to outpace a low and diminishing housing supply, and although high post-COVID migration levels have recently eased, numbers remain strong and will add to chronic housing undersupply, supporting high rents and low vacancy rates generally in capital city rental markets.
Following a period of easing in rental growth, the latest data continue to show extraordinarily low home rental vacancy rates and clear signs that rents are on the rise again.
High rents and higher prices continue to provide clear incentives for first-home buyers and investors chasing solid investment returns.
Ongoing government initiatives to support first-home buyers will increase demand and place further upward pressure on prices.
Capital city housing markets generally recorded higher house and unit prices over 2023, 2024 and surged over 2025, fuelled by rising buyer and seller confidence through sharp cuts to interest rates.
Although 2026 is again likely to see higher home prices, significant uncertainty has recently emerged about the near-term outlook for already-high interest rates and economic activity, which will generally dampen buyer and seller confidence.
Early signs are emerging in the recent weakening of home auction market clearance rates, particularly in Sydney and Melbourne.
Advertising legend John Singleton unveils an exclusive 16-residence Caroline Bay development, marking his latest high-end property play on the Central Coast.
Scotch whisky expert, luxury hospitality strategist and Keeper of the Quaich inductee Ross Blainey is bringing a new philosophy of luxury experiences to Citizen Kanebridge.
