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Three out of four current vendors in Juniper Group’s 243 metre tall Soul development in Surfers Paradise are on track to lose money.
Online listings in the building indicate vendors are willing to offload apartments for less than they originally paid.
Unit 505 in the tower is <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-113392671">listed for sale at $1.145 million</a>. It originally sold for $1.2 million in 2012.
Unit 1701 is <a target="_blank" href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-112679159">listed for $1.4 million</a> but it originally sold for $1.6 million in 2007.
And unit 2301 is <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-114608379">listed for sale at $1.5 million</a> after originally selling for $1.63 million in 2012.
But unit 1805 is<a target="_blank" href="https://www.realestate.com.au/property-residential+land-qld-surfers+paradise-2740929"> listed for sale at $2.29 million</a> after originally selling for $1.13 million in March this year.
There are still more than 100 apartments unsold in the building with prices cut by 22%.
The off the plan buyers appear to be stayers.  Resales since completion have been limited - compared to the <a target="_blank" href="https://www.propertyobserver.com.au/queensland/hilton-surfers-paradise-resale-price-collapse-for-but-one-exiting-property-investor/2013082164115">Sufers Paradise Hilton </a>and <a target="_blank" href="https://www.propertyobserver.com.au/news/poor-fortune-for-those-who-went-to-the-oracle-on-the-gold-coast/2013082664548">Oracle </a>- with RP Data listing only two results. Both lost money.
Unit 2701 originally sold for $1.8 million in 2007 but then resold for $1.5 million in February 2011 - a loss of $300,000.
And unit 5305 originally sold for $3.5 million in 2008 but resold for just $1.58 million in 2013.
And the penthouse apartment which was reportedly bought, but not settled on, for $16.85 million in 2007, <a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-110320361">is on the market for around $10 million.</a>
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awalsh-7Ub9EypybQ

Three out of four vendors set to lose money in Soul

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Construction rates should increase following the election, according to Commsec’s latest Economic Insights report.
According to data from the Australia Bureau of Statistics construction work done in the June quarter fell by 0.3%, the third consecutive decline.
<img src="/images/stories/2013/08/construction1_aug_29.jpg" width="470" height="328" alt="construction1_aug_29">
Commercial building work done fell by 1.3% with residential work down 0.1% and engineering work fell by 0.2%.
“Businesses aren’t keen to spend, invest or employ ahead of the Federal Election. So the slight fall in construction activity won’t come as a surprise,” Craig James writes in the report.
“But given some expectations that mining investment has peaked and could fall off a cliff; that certainly isn’t happening. Construction work done peaked in the September quarter of 2012 but has only eased gently from the highs."
<img src="/images/stories/2013/08/construction2_aug_29.jpg" width="470" height="356" alt="construction2_aug_29">
“On a positive note the Reserve Bank has few worries when it comes to cost pressures in the construction sector with prices growing at the slowest annual pace in three years. The slight fall in residential building will mean ‘residential investment’ will neither detract nor contribute to June quarter GDP growth."
“Overall economic growth is expected to be around 0.5%-0.8% over the quarter, which would take annual growth between 2.4%- 2.7%."
“Notwithstanding the trend to greater housing occupancy, there here are good reasons to expect a lift in construction work – especially in the residential sector – when the election is out of the way.”
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Construction to lift following election: Commsec

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Commsec says housing already has spare capacity meaning Australia will no longer be building as many houses.
Data from the Australian Bureau of Statistics shows 78% of households have at least one spare bedroom while 18% of those who own their homes outright have three or more spare bedrooms.
<img alt="sparecapacity" height="343" width="470" src="/images/stories/2013/08/sparecapacity.jpg">
“The latest data confirms recent trends showing that there is plenty of spare capacity in our existing homes, even though we have been utilising some of this extra capacity in the past five years. The latest figures have clear implications for the housing industry,” Craig James writes in Commsec’s latest economic insight report says.
“If Australians are keen to utilise their homes more efficiently then construction will be constrained in coming years.”
<img alt="sparecapacity2" height="340" width="470" src="/images/stories/2013/08/sparecapacity2.jpg">
The ABS found the average number of bedrooms per dwelling was unchanged at a record high of 3.11 in 2011/12. In 1994/95 there were 2.88 bedrooms per home.
And the average number of people in a home was steady at 2.57.
At the same time construction work done fell by 0.3% in real terms in the June quarter, after falling by 1.9% in the March quarter and easing 0.2% in December 2012 quarter.
<img alt="romm_at_the_inn__aug_29" height="354" width="470" src="/images/stories/2013/08/romm_at_the_inn__aug_29.jpg">
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Spare rooms so less homes built: Commsec

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Supermarkets were the strongest tenant performers for Westfield this half year with retail sales up 10.1% in the six months to June 30.
Jewellery shops also performed well with sales up 4.1% over the six months.
Discount department store sales were up 3.7%, followed by food catering at 3%.
But things weren’t so peachy for cinemas with sales down 2.3% over the six months. Leisure sales were down 2.1% and department stores are down 1.4%.
Westfield currently have four projects under construction – the Miranda shopping centre is getting a $435 million renovation due to be completed by 2014 to 2015; the Mt Gravatt centre is getting a $400 million renovation due to completed in 2014; it is the design and construction contractor for AMP Capital’s $390 revamp of the Macquarie centre; and the $92 million expansion of the West Lakes centre.
Vacancies are tight with its Australian portfolio 99.5% leased and its average specialty store rent is at $1534 per square metre.
Overall its retail sales growth is at 0.9%.
The Westfield Group had a first-half statutory profit of $515 million, down from the previous year’s $800 million.
Westfield’s Peter Lowy and Steven Lowy said the results were in line with predictions.
“The results for the half year were in line with forecast, reflecting the solid performance from the portfolio, good progress on the current and future development pipeline, and the continuation of asset divestments and buyback of securities,” he said.
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Westfield supermarket tenants perform the strongest

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Meriton boss Harry Triguboff has paid $25 million for a site in Ryde in Sydney’s inner north west.
He plans to build a $200 million 269-unit development on the <a href="https://www.realcommercial.com.au/property-land+development-nsw-ryde-500741387">1.08 hectare site</a> on Church Street.
The site already has approval for a development which pleased the apartment tycoon.
"I started in the suburbs of Meadowbank and Ryde like I started in many other suburbs," Triguboff told The Australian.
"It's a very good site, the plans are approved. It takes longer to get council approvals than to build it. I like the position and I like the fact it's got an approval."
He is expected to start building a series of six to eight storey buildings by the end of year.
The site has three street frontages and potential for water views.
It was sold by CBRE’s Matthew Ramsay, Frank Oliveri and Peter Vines.
Ramsay said he had been on the verge of selling it to a Chinese group.
“We had an offshore group in due diligence that expired and Meriton came in. And we locked up a deal with them in a week or 10 days."
"We have a lot of interest from offshore, and there are four large groups from Melbourne also looking at Sydney properties. As well, a lot of the medium-size developers are taking the next step up and looking at sites worth $30 million to $40 million."
Triguboff reportedly bought the site from the Motive Properties, run by South African Adam Kaplan.</body></html>

Harry Triguboff pays $25 million for site in Ryde

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Larry Kestelman’s LK Property Group is offering more than 600,000 Qantas frequent flyer points with the purchase of units in its developments at Clayton, Caulfield South, Brighton East, Ormond and West Footscray.
For every dollar paid on the deposit and balance of a unit, the developers will credit a frequent flyer account with one point.
<img src="/images/stories/2013/08/qantas-offer-aug-29-one.jpg" alt="qantas-offer-aug-29-one" width="470" height="170">
So if buyers purchase <a href="https://www.realestate.com.au/property-apartment-vic-caulfield+south-114589827" target="_blank">unit one at the 888 Shangri-La development</a> (pictured below) in Caulfield for $629,000 they stand to earn 629,000 frequent flyer points – more than enough for three return first class return flights from Melbourne to Singapore.
{yoogallery src=[images/stories/2013/08/aug29cau]}
The two bedroom flat has a private courtyard, built in robes and an open plan kitchen, living and dining area.
The development is currently under construction.
And <a href="https://www.realestate.com.au/property-apartment-vic-caulfield+south-114589827" target="_blank">unit three</a> is being sold for $639,000 – a reward of 639,000 points.
In the Barkly Place development in West Footscray (pictured below) unit 2.32 is being offered for $460,000 – earning a reward enough for a return first class flight from Melbourne to Paris with a stop in London.
<img src="/images/stories/2013/08/barkly_square_aug_29_one.jpg" alt="barkly_square_aug_29_one" width="470" height="338">
The deal between the developer and Qantas was reportedly struck after more than a year of negotiations.
Kestelman, who also founded internet provider Dodo and owns the Melbourne Tigers basketball team, says there have been hundreds of inquiries about the properties since Qantas emailed details of the arrangement to its members.
“The apartment price is no more or less than they would pay otherwise,” he told The Australian Financial Review.
The developments eligible for the deal include <a href="https://www.494northroadormond.com.au/" target="_blank">494 North Road Ormond</a>, <a href="https://888shangri-la.com/" target="_blank">888 Shangri-La</a>, <a href="https://657brighton.com.au/" target="_blank">657 Brighton</a>, <a href="https://barklyplace.com.au/" target="_blank">Barkly Place</a> and <a href="https://lkproperty.com.au/landing/Dixon/" target="_blank">Dixon Street Apartments.</a>
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Melbourne off-the-plan units sell with bonus Qantas frequent flyer points

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Tourism Australia chairman Geoff Dixon, adman John Singleton and venture capitalist Mark Carnegie have bought Brisbane’s The Exchange Hotel for a reported price around $34 million.
They bought the popular drinking spot, known as The Stockie, from Greg Maitland’s Independent Pub Group who bought the property holding in 2011 for $18 million.
The $35 million plus sale of the 911 square metre site at 131 Edward Street included 25 gaming machine authorities, a late night license, and DA approval for an outdoor terrace.
The pub is the 11th addition to their now $180 million Australian Pub Fund empire, which was co-founded by co-founded by Paddy Coughlan and Andrew Kelly. APF is scheduled for a public listing in the first half of 2014.
Coughlan told The Sydney Morning Herald the latest purchase continued their goal of acquiring pubs underpinned by blue-chip real estate with an upside through superior management practices.
"The purchase price in the $33-34 million represents an entry yield of between 13.5 per cent to 13.9 per cent, with a yet to be activated development application/approval for a new outdoor mezzanine level that will hold an additional 300 patrons," Mr Coughlan said.
"We now own and operate 11 hotels across Sydney and Brisbane with total group revenue approaching $95 million per annum, while current freehold property assets are around $180 million.
In April they bought Brisbane’s Elephant &amp; Wheelbarrow Hotel for $27 million.
They had previously bought Sydney hotels including the Bristol Arms in Sydney’s Sussex Street for $7.7 million which had previously traded in 2006 at $14 million.
This latest acquisition was negotiated off-market by John Musca from Jones Lang LaSalle hotels, according to The Australian Financial Review.
Other pubs in their empire include Kinselas in Darlinghurst, the Toxteth in Glebe, the Bellevue in Paddington, the Vic at Enmore, the Marlborough in Newtown, Unity Hall in Balmain as well as the Como and the Peakhurst Inn in Sydney's south.
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Singo's Australian Pub Fund buy Brisbane’s The Exchange Hotel for $35m-$40m

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Canningvale is Perth’s fifth most searched suburb by buyers, but with a median house price of $626,973 it’s out of reach for many. But Thornlie, just nine kilometres away, has a median house price that is 31% cheaper.
Westpac has compiled a list of ten Perth suburbs where it’s cheaper to buy than in their more popular neighbouring suburbs.
Click to enlarge
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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 $700,173 Scarborough is out of reach for many buyers but nearby Innaloo is 11.6% cheaper. For units Churchlands is a better alternative to Scarborough with median prices 25.8% less.
If you wanted to buy a unit in Subiaco you could consider travelling just two kilometres down the road to Wembley where the average unit price is 47% cheaper.
You could own your home 22 years and four months sooner and save $308,307 in purchase price and $171,057 in interest repayments over time, according to Westpac.
Click to enlarge
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<hr>
 Picture courtesy of commons/flickr.
 
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Subiaco too expensive? Try buying in one of Perth's 10 hidden gem suburbs instead

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If you can’t afford a house in Baulkham Hills, ranks among Sydney’s most popular suburbs, it's suggested you consider travelling just eight kilometres down the road to Seven Hills where the average house price is 34% cheaper.
Westpac has compiled a list of ten Sydney suburbs where it’s cheaper to buy than in their more popular neighbouring suburbs.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/08/sydney-houses-aug-27-big.gif" title="Click to enlarge"><img src="/images/stories/2013/08/sydney-houses-aug-27-small.gif"></a>
The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price.
“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,” said Westpac’s Gai McGrath.
If Mosman is out of your budget then Cammeray is a suitable alternative, according to Westpac. With a median house price of $972,674 it is 43.2% cheaper than Mosman. For units though, Neutral Bay is the better alternative but only marginally – it’s just 1.7% cheaper than Mosman.
Manly Vale house prices are 47.1% cheaper than in the ever popular Manly while the units are 35.4% cheaper.
If you wanted to buy a unit in Baulkham Hills, you could consider travelling just four kilometres down the road to Northmead where the average house price is 16% cheaper. You could own your home 10 years, 9 months sooner and save $81,165 in purchase price and $130,520 in interest repayments over time, according to Westpac.
Click to enlarge
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Sydney's 10 hidden gem suburbs priced up to 47% cheaper than their expensive neighbours

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The proposed East West Link in Melbourne has stirred up a lot of controversy particularly after a recent assessment from Melbourne City Council found it would irretrievable claim 6% of Royal Park and increase traffic along certain areas.
And there have been<a target="_blank" href="https://www.propertyobserver.com.au/victoria/collingwood-s-east-west-link-buying-dilemma/2013080163570"> ripples in the housing market</a> in places like Collingwood which will be home to a freeway off-ramp.
<a target="_blank" href="https://www.propertyobserver.com.au/developments/doubt-cast-over-jardin-australand-parkville-project-but-evo-buyers-caught-in-east-west-link-plans/2013071663349">Developers are nervous</a> about the multi billion project which could affect a number of off-the-plan developments.
But the state government says it will halve travel times from the Chandler Highway to the Citylink. 
<a href="https://twitter.com/UrbanMelbourne" target="_blank"><img src="/images/stories/2013/08/tweet_of_the_day_aug_27_three.jpg" width="470" height="170" alt="tweet_of_the_day_aug_27_three"></a>
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East West Link should be subject to same scrutiny as smaller projects

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" />

&nbsp;

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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