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Brisbane dwelling prices bounced back 1.5% over the month of August, according to RP Data.
The median dwelling price in Brisbane is currently at $429,000 – up 1.7% for the quarter and 2.5% for the year.
RP Data’s Tim Lawless says the jump is the most significant turnaround in market conditions.
<img height="195" width="470" src="/images/stories/2013/09/02/rp-data-sept-2-chart-1.gif" alt="rp-data-sept-2-chart-1">
“Brisbane’s housing market has been underperforming since the onset of the GFC with home values still almost 10% lower than their previous peak which was back in November 2009,” Lawless says.
“The strong result for August was evident across both the detached housing and unit markets and may potentially mark a positive turning point for Brisbane’s housing market.”
Brisbane prices are 3.2% ahead of their previous trough.
<img height="433" width="470" src="/images/stories/2013/09/02/rp-data-sept-2-chart-2.gif" alt="rp-data-sept-2-chart-2">
RP Data’s Cameron Kusher recently said <a href="https://www.propertyobserver.com.au/residential/are-brisbane-and-adelaide-ripe-to-pick-up-an-investment-opportunity-cameron-kusher/2013082164434">he expects  a focus on Brisbane in coming months</a> as Melbourne and Sydney increase at a greater pace leaving Brisbane more affordable.
A recent HIA report found <a href="https://www.propertyobserver.com.au/news/brisbane-s-housing-affordability-improves-in-june-quarter-for-hard-strapped-buyers-hia/2013082864614">housing affordability has increased 10.4%</a> over the June quarter in Brisbane.
Across the eight capital cities dwelling prices increased 0.5% which Lawless says is a welcome sign after the strong growth conditions of previous months fuelled renewed debate around the sustainability of Australia dwelling values.
“The half a per cent gain over the month of August is a much more sustainable rate of growth and will be a welcome turn of events for policy makers,” he says.
“While the recent surge in dwelling values has caused some renewed debate about an Australian housing bubble, it is important to remember that the average annual capital gain over the past decade has been just 4.3% across the combined capital cities. In Sydney the annual rate of growth has seen a much lower decline of 2.4% which is well below current inflation.”
He predicts there will be strong housing market conditions this spring.
“Housing market conditions are looking set to provide what could be described as a near-to perfect spring season with the number of homes currently available for sale around 15% lower than a year ago.
 
 
 
 
 
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awalsh-7Ub9EypybQ

Brisbane leads August recovery as Melbourne and Perth record weakest mainland monthly change in dwelling values 

Melbourne landlords are the poorest yielding investors of the country, according to RP Data. And&nbsp;with Sydney and&nbsp;Canberra house values&nbsp;back at record high levels, investors with an open mind might&nbsp;cast an eye on the yields available in other capital cities.

Here&#39;s the latest list for houses.

The median gross rental yield landlords are securing for houses in Melbourne based on a median house price of $548,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

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The median gross rental yield landlords are securing for houses in Sydney based on a median house price of $669,900, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

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The median gross rental yield landlords are securing for houses in Canberra based on a median house price of $545,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

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The median gross rental yield landlords are securing for houses in Perth based on a median house price of $510,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

<hr />
The median gross rental yield landlords are securing for houses in Adelaide based on a median house price of $394,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

<hr />
The median gross rental yield landlords are securing for houses in Brisbane based on a median house price of $453,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

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The median gross rental yield landlords are securing for houses in Hobart based on a median house price of $300,000, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

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The median gross rental yield landlords are securing for houses in Darwin based on a median house price of $516,500, according to RP Data. The median gross rental yield across Australia&#39;s eight capital cities was 4.1% for the month ending August 31 2013.

Investor watch: Melbourne house yields at 3.6% and Sydney next at 4.1%

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Mawson Lakes is Adelaide’s fifth most searched suburb by buyers, but with a median house price of $244,971 it’s out of reach for many. But Dry Creek, just six kilometres away, has a median house price that is 43% cheaper.
Westpac has compiled a list of ten Adelaide suburbs where it’s cheaper to buy than in their more popular but pricey neighbouring suburbs.
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The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price. The most popular suburbs were determined by the most searched for suburbs on realestate.com.au.
“Buyers who want to truly own their home sooner can find real value by simply considering a suburb which is just a stone’s throw away from their first preference,” says Westpac’s Gai McGrath.
With a median house price of $733,636 Norwood is out of reach for many buyers but nearby Stepney is 28.3% cheaper. For units Trinity Gardens is a better alternative to Norwood with a median price 24.2% less.
If you wanted to buy a unit in Golden Grove, Adelaide’s eighth most popular suburb, you could consider travelling eight kilometres to Salisbury East where the average unit price is 28% cheaper.
You could own your home 16 years and one month sooner and save $80,960 in purchase price and $87,988 in interest repayments over time, according to Westpac.
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Mawson Lakes too expensive? Try Dry Creek, one of Adelaide's hidden gem suburbs

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Property developer Lang Walker sees no sign of a property bubble in the east coast capitals and says predictions of a bubble are incorrect and annoying.
"I don't think any of those markets are ever going to get to be a bubble for varying reasons," Walker told The Weekend Australian.
"Infrastructure costs in Brisbane, in Sydney the planning (restrictions) and pent-up demand and Melbourne probably has gone through the worst of what might have been a drastic situation before, but that seems to be working through the pipeline.
"I certainly don't see a bubble."
He said those predicting a bubble risk prompting the Reserve Bank of Australia into action.
"The Reserve Bank might say 'Oh my god, we better put up interest rates'," Walker says.
"The only reason that a lot of these sales are coming through now is the state governments have put incentives in place with stamp duty, breaks for first-home buyers."
He says growth in the market will come from bargain one-bedroom plus study, or two-bedroom, apartments.
"The three-bedroom and expensive stock in all those cities is very, very slow," Walker says. "It's not the luxury end that's really going, it's just the budget end, the affordable end."
The president of the Real Estate Institute of Australia, Peter Bushby, said last week recent house price <a href="https://www.propertyobserver.com.au/news/market-in-recovery-not-bubble-reia/2013082564525?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">rises are not indicative of an Australia-wide price bubble.</a>
The Walker Corporation, of which Walker is the executive chairman, has 12 office towers in some phase of development, 25,000 lots of land and four industrial estates.
The company will begin construction of the 277-unit Westmark residential towers in Brisbane’s Milton next year.
It is currently developing the $400 million Main Drive Kew development on the former Kew Cottages site in Melbourne.
It is selling sites at its 53 hectare Appin Valley development in Appin NSW, its 400 lot Wallis Creek development in Gillieston Heights NSW, its 625 lot Bluestone Mt Barker development in South Australia, its 918 lot Forest Springs development Gladstone , its 3000 lot Banksia Grove development in Perth, its 500+ lot North Sapphire Beach development in NSW, its Reflections Barlings Beach development in NSW, and its Buckland Park Development in Adelaide.
Its commercial projects include Melbourne’s Collins Square commercial development, Brisbane’s 150 Charlotte Street, Sydney’s 12 O’Connell Street, Sydney’s 66 Hunter Street, Melbourne Axis development at South Morang and Canberra’s Northbourne Square.
It also has industrial estates in Canberra, Brisbane, Adelaide and Gladstone.
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"I certainly don't see a bubble": property veteran Lang Walker

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Mike Morgan Loans, the fraudulent loan company which was the subject of an ASIC warning on Friday, appears to have stolen the website design and contents from a well-known Perth-based firm.
Mike Morgan Loans directly copied the website, including names, photos and details of employees and executives, to fraudulently obtain people’s data.
It is not clear if it was an identity theft scam or an attempt to fraudulently take people’s money.
“We found out about three to four months ago, it was quite a huge shock to us,” a spokesperson for the affected company said.
“It’s unbelievable. They’ve been able to copy everything.”
They then informed ASIC about the website who investigated and determined it was fraudulent and was not linked to the company.
“They must have quite liked our website, we’re quite flattered,” they said.
The company worked out the website would have been copied some time last year but when they spoke to their website hosts they said it does happen quite regularly.
“They’re trying to fraudulently get money from people which absolutely disgusting. We’ve got absolutely no connection to them”
“I don’t believe it will affect our customers. People know who we are.”
It appears whomever has deployed the latest attack may have targeted the same firm previously. Property Observer is aware of at least one other site which uses the same photos and information.
New Season Financial Company, based in the US, has the same stolen information, but in a different layout as Mike Morgan Loans.
<a href="https://www.propertyobserver.com.au/australian-capital-territory/asic-warns-of-dodgy-south-african-loan-offering/2013083064684">ASIC found unsolicited emails have been sent from Mike Morgan Loans</a> to consumers offering loans ranging from $10,000 to $20 million with a low interest rate of 3%.
ASIC Commissioner Greg Tanzer says consumers need to be cautious when approached with unsolicited offers of financial products.
“I would also urge consumers seeking loans or other credit products to avoid dealing with people or companies who are not licensed by ASIC,” Tanzer says.
“Australian credit licensees are subjected to stringent requirements under the national consumer credit legislation which are designed to protect consumers.
“This way you can be confident you are dealing with a legitimate credit service provider and avoid potentially significant financial losses.”
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Fraudulent loan operator stole Perth company's website design

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The Australian Securities and Investments Commission has released a warning about a South African-based loan operator.
Mike Morgan Loans, operating through the website <a href="https://www.mmloans.com">www.mmloans.com</a> falsely claims that Mike Morgan Loans is a licensed credit provider and that a licensed Australian company is trading as Mike Morgan Loans.
Mike Morgan Loans is not the registered business name of any Australian company or Australian credit licence holder, according to ASIC.
Unsolicited emails have been sent from Mike Morgan Loans to consumers offering loans ranging from $10,000 to $20 million with a low interest rate of 3%.
ASIC Commissioner Greg Tanzer says consumers need to be cautious when approached with unsolicited offers of financial products.
“I would also urge consumers seeking loans or other credit products to avoid dealing with people or companies who are not licensed by ASIC,” Tanzer says.
“Australian credit licensees are subjected to stringent requirements under the national consumer credit legislation which are designed to protect consumers.
“This way you can be confident you are dealing with a legitimate credit service provider and avoid potentially significant financial losses.”
Property Observer can reveal Mike Morgan Loans<a target="_blank" href="https://www.propertyobserver.com.au/australian-capital-territory/fraudulent-loan-operator-stole-perth-company-s-website-design/2013083064689?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news"> stole the website design of a prominent Perth company.</a>
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ASIC warns of South African loan offering

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HSBC expects the Reserve Bank of Australia will keep interest rates on next week.
“We expect the RBA to hold the cash rate steady next week at 2.50%,” says chief economist Paul Bloxham.
“We expect confidence to improve after the federal election, on 7 September, though clearly there is considerable uncertainty regarding this outlook.
“The RBA’s next move is somewhat reliant on the AUD: a lower AUD would make further rate cuts less likely. In our view, the RBA would be more comfortable with the AUD closer to USD0.85.”
He says low rates are supporting the housing market but a broader rebalancing of growth is still yet to be seen.
He finds house prices are up 6.5% from their May 2012 trough and mortgage rates are at their highest levels in three years but it’s not quite enough.
“Outside of housing, there are, as yet, few signs of growth rebalancing,” he says.
He finds consumer sentiment has ticked up a little in recent months but remains around its long-run average.
And retail sales have weakened in recent months after showing some improvement earlier in the year. Business conditions and confidence also remain weak.
“Despite low interest rates and a declining AUD, businesses are unhappy. Part of this story seems to reflect political uncertainty, and concerns about the tax and regulatory environment,” Bloxham says.
“As a result, businesses remain generally unwilling to commit to large investment and hiring decisions.
“It may take time before the impact of the lower AUD flows through to firms’ willingness to make investment decisions. We do, however, expect that a broader rebalancing of growth will occur in time.”
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Expect rates to remain on hold at September RBA meeting: HSBC

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Mark Bouris’ Yellow Brick Road has posted a $6.6 million loss in its half year results, slightly less than last year.
The company put the loss down to an increase in commissions, consultancy fees and other expenses.
The loss comes despite a 68.4% increase in operating revenue to $25 million. The total expenditure for the company is up 17%.
“Our management team has managed to keep overheads flat when you consider the growth that we have experienced,” Bouris says.
The group has doubled its mortgage book to $1,794 million.
“We completed the financial year with a very strong balance sheet. Our focus for 2014 is to continue to grow out footprint but will see us shift our focus away from product development, manufacturing and promotion to holding our cost structure and materially increasing our revenue,” Bouris says.
“This year will see a closing of the gap between the revenue line and expense line.”
Branch network revenue is up 127%, mortgage revenue is up 118%, wealth management revenue is up 217%, and general insurance revenue is up 29%.
So far this year the company has focused on attempts to branch out from just providing mortgages. It has provided “road to retiring right” training at 75 branches. And they’ve taken advantage of the June high season for super contributions through its celebrity apprentice campaign.
That means there are now 115% more people able to provide actual financial advice, letting the company experience a 138% increase in non-mortgage transactions.
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Yellow Brick Road broadens its horizons and maintains $6m loss

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A Sydney real estate agent who stole a $15,000 deposit has been fined and been banned from practising until 2018 but has avoided a jail sentence.
The Downing Centre Court found Enfield agent John Photi fraudulently misappropriated a deposit on a house he did not have the authority to sell.
Fair Trading Commissioner Rod Stowe said the agent, also known as John Nicolas Photis and John Nicholas Fotis was lucky to avoid a two year jail sentence.
“Although Mr Photi’s actions were egregious, his status as a disabled pensioner has been taken into account and he has undertaken to pay his victims $2,000 compensation, in addition to the $15,000 they have already received,” Stowe said.
A couple from Brisbane had approached Photi about a property in Bexley North in April 2009.
Although the listing was actually controlled by another agent Photi told the couple the vendors had accepted their pre-auction offer and that he had arranged finance for the purchase.
He requested and received a $15,000 bank cheque as a holding deposit.
Photi then transferred that money out of his company’s trust account and used it for his own purposes.
“As a result of this matter, Fair Trading took disciplinary action against Mr Photi and on 30 November 2011 he was disqualified from holding a Real Estate Agent Licence for seven years,” Stowe said.
“In addition Mr Photi is banned from being involved in the direction, management and conduct of the business of a licensee for seven years.”
Photi has been ordered to pay $14,262 in fines, costs and compensation.
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Sydney agent fined for $15K fraud

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Brisbane’s popular suburb of Carindale is out of reach for many buyers but buying a house in Tingalpa, just seven kilometres away, is 33% cheaper, according to Westpac.
Westpac has compiled a list of ten Brisbane suburbs where it’s cheaper to buy than in their more popular neighbouring suburbs.
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The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price. The most popular suburbs were determined by the most searched for suburbs on realestate.com.au.
“Buyers who want to truly own their home sooner can find real value by simply considering a suburb which is just a stone’s throw away from their first preference,” says Westpac’s Gai McGrath.
With a median house price of $1.02 million New Farm is out of reach for many buyers but nearby Kangaroo Point is 38% cheaper. For units Fortitude Valley is a better alternative to New Farm with median prices 16.5% less.
If you wanted to buy a unit in the seventh most popular suburb in Brisbane, Redcliffe, you could consider travelling just four kilometres down the road to Kippa-Ring where the average unit price is 21% cheaper.
You could own your home 13 years and one month sooner and save $66,436 in purchase price and $91,535 in interest repayments over time, according to Westpac.
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Image courtsey of <a id="yui_3_7_3_3_1377754463409_929" href="https://www.flickr.com/photos/bertknot/">Bert Knot</a>/ flickr.
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Brisbane's most popular suburbs too expensive? Try the 10 hidden gem suburbs

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Alistair Walsh

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