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.
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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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Strong population growth, major infrastructure spending and comparatively affordable property are expected to cement Melbourne’s position as Australia’s most attractive long-term real estate market.
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Melbourne is poised to become Australia’s largest city within the next decade, with strong population growth, infrastructure investment and relative affordability driving long-term property demand.
A new research report from Knight Frank argues the Victorian capital remains one of the country’s most compelling markets for investors, businesses and residents.
The report highlights the city’s rapidly expanding population, diverse economy and major infrastructure pipeline as key factors underpinning future property growth.
Knight Frank Managing Director Victoria, Dominic Long, said Melbourne’s fundamentals continue to position the city strongly for long-term investment.
“Melbourne continues to stand out as one of Australia’s most compelling real estate markets,” he said.
“It is Australia’s strongest long-term growth city with the fastest growing population, the most diversified economy, world-class liveability and the most affordable major market for office, industrial and residential property.”
Population growth driving demand
Melbourne’s population has grown at an average rate of 1.8 per cent per year since 2000, faster than any advanced global economy, according to the research.
In the year to June 2025 alone, the city added about 123,500 residents, the largest annual increase of any Australian capital.
Population growth is expected to remain one of the key drivers of demand across residential and commercial property markets, including housing, offices and logistics space.
The report forecasts Melbourne’s population will overtake Sydney’s by the 2030s, reinforcing its position as the country’s fastest-growing major city.
Office market offering value
Melbourne’s CBD office market is also attracting renewed attention from investors.
Prime office rents remain significantly lower than in competing cities, with CBD office space about 46 per cent cheaper than Sydney and around 13 per cent cheaper than Brisbane.
That relative affordability is expected to drive long-term demand from occupiers and investors seeking value in Australia’s largest office markets.
The city’s office sector is also showing signs of recovery, with effective rents rising in 2025 and demand increasing for high-quality buildings in premium locations.
Industrial market benefiting from scale
Melbourne’s industrial sector continues to expand, supported by strong population growth, e-commerce demand and the scale of the city’s logistics network.
The city already hosts the country’s largest industrial market, with about 34 million square metres of warehousing stock and significant land available for future development.
Industrial rents remain competitive compared with other capitals, while Melbourne’s port handles the largest container volumes in Australia, further supporting demand for logistics space.
Infrastructure pipeline supporting growth
More than $200 billion in transport infrastructure investment between 2014 and 2036 is also expected to reshape the city and support future property values.
Major projects include the Metro Tunnel, the West Gate Tunnel, the North-East Link and the Suburban Rail Loop, which together will improve connectivity across Melbourne and its growth corridors.
Knight Frank’s Head of Research & Consulting, Victoria, Dr Tony McGough, said these investments would play a key role in supporting the city’s economic expansion.
“Melbourne is Australia’s most economically diverse city and has delivered stable growth for more than two decades,” he said.
“With strong population growth, a highly educated workforce and unprecedented infrastructure investment, Melbourne is well placed to remain one of Australia’s most attractive long-term property markets.”
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