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A series of eight shops in Cabramatta, in Sydney’s outer west, have been listed for sale for the first time in 50 years.
The 553 square metre freehold block in the predominantly Asian suburb, is expected to sell for more than $3.75 million plus the GST.
The property consists of shop 206, 207 and 208 Railway Parade and Shops 7 to 17 John Street.
The tenancies are a Happy Cup franchise, a convenience store, a Vodafone outlet, a boot maker, Western Crusty Bread, Pho Viet Restaurant and hair salon.
There is also a vacant one-bedroom flat above the shops.
All the shops are occupied but the tenants are on expired leases.
According to the 2011 census the suburb 32.6% of residents there were born in Vietnam, 9.4% in Cambodia and 5.2% in China, though 27.7% had Chinese heritage. Some 92.9% of respondents had both parents born overseas.
In 2006 31.2% of census respondents were born in Vietnam, 9% in Cambodia and 5.5% in China, though 15.1% spoke only Cantonese at home and 4.9% spoke Mandarin.
It is being sold by Bookallil Investments (Cabramatta) Pty Ltd.
The current gross annual rental (excluding the vacant flat) is around $300,000 plus GST.
It goes to auction on Tuesday June 25. It is being sold by Raine &amp; Horne agent Michael Laing.
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awalsh-7Ub9EypybQ

Tightly held Vietnamese restaurant block up for grabs in Cabramatta for $3.75 million plus

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Prospective tenants at Melbourne’s new $670 million fruit and vegetable wholesale market have sought an injunction on lease signing through the Victorian Supreme Court yesterday.
The Melbourne Market Authority is relocating the Footscray Road market to a new site in Cooper Street, Epping but the tenants are facing rents almost double what they are currently paying.
The 108 traders at the Footscray Road site are under pressure to sign leases at the new site before May 31 or risk losing their allocation when the leases go to national tender in June.
Just two of the traders have already signed.
The tenants, represented by Nunzio Lucarelli QC, accused the Melbourne Market Authority of “unconscionable conduct” under consumer law by pressuring them to sign at much higher rents, The Australian Financial Review reported.
They told Justice Peter Vickery rents will rise from $273 per square metre annually to $478 per square metre annually and tenants who also require warehouse space are being asked to sign leases without knowing the details of the storage space.
“They are being asked to commit to one part of the puzzle without knowing the other part of the puzzle,” Lucarelli reportedly told the court.
He said the MMA are using “pressure or unfair tactics” to “corral” the stallholders into signing the leases.
But the MMA, represented by Michael Wyles SC, said the dispute was not open for the court to decide as the market was implementing government policy.
He said even a short injunction could delay the market opening until 2015.
The case will be decided on Friday.
The new market facility has been fraught with controversy as rents increase and the number of stall holders is reduced.
The Weekly Times Now reported the annual market turnover could fall could fall from $1.6 billion to $600 million.
It reports the market is too small to accommodate all standholders - 480 down to about 216 – with some standholders going from having 20 stands to just one.
Stall sizes will reportedly be reduced from 21 square metres to 17.28 square metres while the aisles are too small to allow trucks inside or let fork-lifts turn around.
But none of the information is official and standholders say they are being left in the dark.
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West Melbourne wholesale fruit and veg stallholders seek lease injunction over site relocation

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An unnamed capitalist in the Goldman Sachs elevator was allegedly heard chatting about the importance of hedging at their estate in the Hamptons, home of the most expensive real estate in America.
They were presumably running late to head for the Hamptons where the start of summer season kicked off last weekend on Memorial Day. 
<img src="/images/stories/2013/05/tweetofthedaymay29.jpg" width="470" height="308" alt="tweetofthedaymay29">
The Hamptons are home to some of the most decadent of Memorial Day weekend celebrations. One catering company was offering a $25,000 bottle of Dom Pérignon chilled during a 10,000-foot free-fall and served by a skydiver. It's not known if anyone was silly enough to incorporate it within their celebrations.
Property Observer gleans Hampton home-owners there are reportedly worried by the influx of young party-makers driven north by the devastation of Jersey Shore caused by hurricane Sandy.
It was recently revealed that billionaire mayor of New York, Michael Bloomberg bought a house and a vacant block next to his 14-hectare estate Southampton.
And Jennifer Lopez reportedly just spent $10 million on an <a href="https://www.forbes.com/sites/trulia/2013/05/14/jennifer-lopez-buys-10-million-mansion-in-the-hamptons/">eight-bedroom custom mansion</a> in Water Mill.
The Twitter account is a satirical exposé of the lifestyle and hubris of America's best-payed bankers.
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Tweet of the day: Hamptons gossip overheard in Goldman Sachs lift

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A Melbourne development site and film production studio has sold for $3.5 million.
The Elsternwick property (pictured below) at 15-19 Gordon Street, in Melbourne’s inner south comes with a two-storey office and a laboratory that was formerly occupied by Cinivex Film Laboratories and most recently by production company Deluxe.
{yoogallery src=[images/stories/2013/05/may22deluxe]}
It was sold by Agent Grange Property Consultants director Joel Wald who negotiated the off market sale on behalf of Elsternwick Properties Pty Ltd.
The 1,160-square-metre site is opposite Elsternwick train station and close to the Glen Huntly Road retail precinct.
It was bought by a Melbourne-based purchaser who is considering its options including a continuation of the current use and possible development of the site.
It comes with more than 20 car spaces.
Deluxe have worked on films such as The Sapphires, which was filmed in New South Wales and Vietnam.
And the property is <a href="https://www.realcommercial.com.au/property-offices-vic-elsternwick-500541927" target="_blank">up for lease by Colliers</a>.
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Melbourne development site and film production studio sells for $3.5 million

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An American mid-west style barn-cum-house in a semi-rural location remains on the market after being listed for more than a year.
The Americana dream house in Garfield, 70 kilometres south-east of Melbourne, was listed for sale by a vendor with a passion for all things Americana.
He built the house at <a target="_blank" href="https://cranbourne.ljhooker.com.au/F3ZFBS">440 Fourteen Mile Road</a>, which is ideal for horse owners, on top of a barn in classic American style.
Upstairs is a four-bedroom residence with timber floorboards, dark-tiled bathroom and a large kitchen for large American meals.
LJ Hooker agent Graeme Dimsey <a target="_blank" href="https://www.propertyobserver.com.au/victoria/midwest-american-style-barn-on-the-market-in-garfield-victoria/2012060755035">had been expecting to sell the property for $1.3 million</a> on its initial listing. The price is curently undisclosed.
In January it was listed for rent at $600 per week, according to RP Data.
Much of the wood used on the property is reclaimed timber from a jetty in Queenscliff.
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Victorian Americana barn: trophy barn listing

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Harry Triguboff opened the doors of his private mansion estate in Vaucluse to Channel Seven’s Today Tonight earlier this month.
In a five minute <a target="_blank" href="https://www.youtube.com/watch?feature=player_embedded&amp;v=DqqdPi2tHBQ">segment</a> Triguboff showed reporter Laura Sparkes around his “little house” while discussing his secrets to success.
<img alt="triguboffmay27two" height="260" width="470" src="/images/stories/2013/05/triguboffmay27two.jpg">
During the slot he revealed his limited edition Bentley (pictured below), one of only two in Australia.
<img src="/images/stories/2013/05/triguboffmay27one.jpg" width="470" height="289" alt="triguboffmay27one">
He discussed how money doesn’t actually mean that much to him beyond making business easier.
“You have to work hard. The more money you have the harder you have to work, that’s for sure. If you think that by having money you work less you soon won’t have it,” Triguboff says.
He tells Sparkes his success came from having one idea and he stuck to it.
“I never built even one cottage. I never went into subdivision. I never went into commercial. I only stuck to one thing,” he told Today Tonight.
“I saw that was where the movement was. And I saw it 50 years ago, not today. And I had lots of fights because they were telling me how Australians had to have a quarter acre block but I told them that’s not true. Some do and some don’t.
“It used to be the dream. So what? They can’t do it.”
He says the apartments are like his babies and he loves them all.
Triguboff says part of the secret to his success is having the cash to do what he wants without being badgered by lenders.
“I need money to make money to grow. To buy blocks of land at $100 million a pop you have to have money.”
“It’s very hard if you have to run to the bank to ask for money because they will start telling you ‘can you afford, can’t you afford it? Is it good is it bad’. This way I don’t have to talk to anyone. I have the $100 million and I do what I like.
“When I grew up no one had that kind of money so none of us knew it. It was just the evolution of time. And it is hard to conceive because how much money do you really need?”
He runs the company according to his whims and Triguboff has last say in all decisions.
“I listen to everybody. I ask their opinion I listen to it and then I decide and that’s what we do.”
Having just turned 80 Triguboff plays down speculation of retirement.
“I feel very well. I felt very well when I was 20 and I am feeling very well when I am 80. Mind you I can’t run as fast and I can’t swim as fast,” Triguboff says.
“I think that you should try and do everything you could as long as you can. You work as long as you can, you drive as long as you can, you run around with women as long as you can.
“I will retire when I become useless and I will the first to understand that. And I will be very quick in retiring.”
He says there will no slowing down for him or Meriton.
“The opportunities are bigger, the country is bigger. More money.”
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Meriton's Harry Triguboff shares his business secrets - no cottages, no subdivision

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An iconic Sydney bar and microbrewery on King Street Wharf has been listed for lease transfer.
King Street Brewhouse, formerly known as James Squire Brewhouse, has been listed for lease transfer six years after the current owner leased the premises.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17one.jpg" alt="brewhousemay17one" width="470" height="336">
He says there has been international interest in the property ranging from restaurants, liquor retailers, local publicans, property investors and everything in between. Given the current interest in the sale he says it is hard to gauge a  price.
According to the information memorandum for the property strong historical tenancy demand in the area has average rents at between $1,500 to $2,000 gross per square metre in comparable premises.
Graeme Thompson, the vendor, has been running the pub independently of James Squire who abruptly left the business in 2010, taking its brewing license with it.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17two.jpg" alt="brewhousemay17two" width="470" height="402">
<a href="https://rca.joneslanglasalle.com.au/property-hotel+leisure-nsw-sydney-500729743" target="_blank">The 24-hour pub</a> operates as a restaurant, bar and microbrewery. In the year ending December 2012 it made $3.6 million in profit, down from $4.3 million the year before.
 
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In April 2013 a new brewing license was approved and the microbrewery has restarted operations as Red Tape Brewing. It reportedly earns a 92% profit on all self-brewed beer sold in the premises.
The license reportedly took some time to grant due as the ATO would not grant a new licence due to past tax debts relating to another venture in Melbourne which has ceased operations.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17three.jpg" alt="brewhousemay17three" width="470" height="320">
Graeme Thompson obtained the lease for $14 million, according to lease transfer documents. Though listing agent John Musca says the sale was complicated and may not represent its true value. It was last valued at $22 million in 2007.
The 1315 square metre site is on a 99-year lease from the Waterways Authority which was signed in 2000. All other land within the King Street Wharf precinct has head leases from the Waterways Authority to Brookfield Multiplex.
The pub, next to Bungalow8, Nicks Seafood and Grill, Malaya Restaurant, Cargo Bar, is one the largest tenancies available on King Street Wharf.
The premises have five areas all serviced by one U-shaped wraparound bar over two levels separated by few internal steps and there is an extensive beer garden.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17four.jpg" alt="brewhousemay17four" width="470" height="313">
The site has the potential to be licensed for 900 people.
The information memorandum for the listing says the only recent comparable sale was the Pier 26 venue nearby (now known as Helm Bar) which sold for $17.5 million at an initial yield of 9.8% and with a turnover of $87,970 per week at the time of sale. It was sold by Listed company Amalgamated Holdings to Sydney hotelier Peter Wadsworth.
The lease term at the time of sale was 80 years and the operating floor area an estimated 700m2.
 
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<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17five.jpg" alt="brewhousemay17five" width="470" height="312">
Businesses in the area are known to pay in excess of $1.5 million per annum in rent.
The microbrewery has four 800 litre holding tanks with a capacity for production of 41,600 litres per annum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17six.jpg" alt="brewhousemay17six" width="470" height="303">
It is reportedly being sold due to the “recent ill-health of the owners and their inability to manage the business, and more-so drive the business, coinciding with the vacation of James Squire, also had an understandable negative effect on revenues and earnings”.
It is being handled by Jones Lang LaSalle Hotels and Hospitality national director John Musca.
The site is right next to the multi-billion-dollar Baranagaroo development and is expected to receive a significant number from patronage from workers at site and later residents.
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Former James Squire Brewhouse on King Street Wharf listed for sale

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Nearly half a million people in WA have indicated they plan to move house in the next three years with a strong push by renters looking to buy, according to the Australian Bureau of Statistics.
Most (87%) of the 491,000 adults planning to move want to stay within WA, according to the results of the 2012 WA Housing Motivations and Intentions Survey released today. The remainder will either move interstate or overseas or were unsure where they would move.
Just over half of those looking to move within WA were renters.
Most people looking to move within WA said they would prefer their next dwelling to be a separate house.
Of those looking to move, just under half had lived in their current home for less than two years and a 24% had lived in their current home for between two and five years.
Of the 429,000 adults planning to move within WA, 47% planned to move within the next 12 months.
And 61% intended to move within the Greater Perth area, with 4% to move from elsewhere in WA to Greater Perth.
Appearance and layout was a decisive factor when choosing a new place to live for just under half those looking to move while 44% said a better quality residence was important.
Familiarity with an area was a strong influence when choosing their future location for 42% of future movers within WA, while being close to family or friends and access to facilities and services such as shops or schools mattered to 38%.
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Half a million WA people looking to move but 87% intend staying within WA

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Beleaguered coal baron Nathan Tinkler, who just dropped off the BRW Rich List, has listed his $5.2 million mega-mansion on a four hectare acreage outside Brisbane. 
Rebecca Tinkler bought the property in 2007 for $5.2 million. It's among several trophy homes owned by the family.
Last year Tinkler came 34th on the BRW Rich 200 with estimated net wealth of $915?million, but this year he fell under the $235?million threshold.
It is being sold by Benjamin Smith and Kel Goesch from BrisbaneRealEstate.com.au.
Fairfax Media reports the house is likely to resell for between $4 million and $5 million at its June 15 auction.
The seven-bedroom, five-bathroom estate comes with a vast array of features to keep any buyer occupied for months. The Pullenvale home in nestled in the hills 15 kilometres west of Brisbane.
It has a resort-style spa and pool with two waterslides and a poolside bar. The pool area leads into the professional gym and sauna room.
Inside the 1600 square metre house there is an 18-seater home cinema which is currently furnished with an arcade style basketball game and a state of the art sound system.
Outside is a floodlit champion size tennis court for night time games of tennis and pictures reveal a private golf green at the front of the four hectare block.
There are also stables and paddocks  for a number of horses if the purchaser is an equine enthusiast.
There is a 3,500 bottle climate controlled cellar seating inside for 12 people. And most of the guests will be able to stay given there is parking for 9 cars and a separate guest quarters two bedrooms and one bathroom.
And to keep the kids entertained there is a children's playground area.
Inside, as well as the exceptionally well appointed kitchen there is a teppanyaki bbq grill with seating for eight people.
There is a pool room which features arcade games and a four-seater bar. Guests enter the house by walking past the waterfall which cascades into a welcoming pond.
Tinkler has spread his collection of sports memorabilia and Hollywood minutia around the timber-floored house.
Tinkler currently retains homes at Merewether in the Newcastle beachside precinct and his $11.5 million oceanfront mansion on Sapphire Beach, Noorinya. 
Noorinya sits at the top of the list of Nathan Tinkler's private property assets, should he seek further funds to get himself out of his current business liquidity situation.
But having paid $11.5 million, it's in a league of its own when it comes to the prestigious second home coastal market.
The mining magnate smashed the mid north coast record in 2008 when he purchased Noorinya, on a Sapphire Beach headland, for $11.5 million from Microsoft pioneer Jaybe Ammons.
Noorinya, with 1.8 hectares of private headland, comes with lap pool and a secluded beach.
The following year Stockland’s David Pitman and ABN Amro’s Simon Perrott purchased oceanfront properties from developer Barry France on the next headland along at Sapphire Beach.
{qtube vid:=BYSuZ5PkBg8&amp;feature=plcp}
 
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 Ammons and his wife, Shelly, had spent about $2.75 million on the site amalgamation, including a $1.85 million purchase from hospital industry operator Paul Ramsay in 1999. Locals say the family used it regularly during the early years of ownership, but not much recently since the family relocated from their Newcastle base to Singapore.
Last June the Hunter Sports Group boss Troy Palmer was the immediate direct beneficiary of his boss Nathan Tinkler’s decision to quit Newcastle for Singapore.
Palmer bought one of Tinkler’s redundant beachside Merewether properties (pictured below) for $2.8 million – at under the commonly believed market value.
<img src="/images/stories/2012/06/bermer.jpg">
Tinkler bought the four-bedroom, three-bathroom 2006-built Merewether house for a then bullish record-setting $4.3 million in 2008 from the rugby league legend Andrew Johns.
Palmer’s same-day exchange settlement was in wife Emma’s name last month. The 34% price drop shocked several estate agents. “It turns out Nathan Tinkler's sale was a 'friendly deal', so should be seen as out of line by valuers,” one agent tweeted.
<img src="/images/stories/2012/06/bermerflicker.jpg">
Prior to working at the Tinkler Group, the Newcastle-born and raised Troy Palmer was the chief financial officer of Bluetongue Brewery, another well-known Newcastle organization.
Palmer was responsible for the acquisition of the Newcastle Knights and Newcastle Jets.
Tinkler retains his other Merewether holding, a two-block 1,587-square-metre amalgamation overlooking Bar and Dixon Park beaches, which cost an $8.8 million total in 2008. Locals reports it’s been in limbo since a development application for a six-bedroom Rosie Stollery-designed compound was approved in June 2011.
Video source LJ Hooker, 2008 marketing campaign
Video prepared by HTM Digital
 
 
 
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Nathan Tinkler lists indulgent Brisbane acreage mansion 

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The Australian Bureau of Statistics isn’t all just number bods – they’ve released a mobile game that lets users take control of Australian neighbourhoods.
Run That Town allows users to take control of any town in Australia and control it using real census data.
<img alt="runthattownjune19one" height="603" width="400" src="/images/stories/2013/06/runthattownjune19one.jpg">
Users will have to consult with locals to make popular decisions, start projects and tackle vital issues.
Players of the <a target="_blank" href="https://runthattown.abs.gov.au/">iPhone and iPad only app</a> can then read about their exploits in the local paper.
<img alt="runthattownjune19two" height="604" width="400" src="/images/stories/2013/06/runthattownjune19two.jpg">
“Have you ever thought your town could be run better? Why don’t we put you in charge,” the game asks.
“What kind of leader will you be? Will you be treated to a ticker tape parade, or chased out of town by an angry mob?”
It works for any postcode in Australia.
<img alt="runthattownjune19three" height="606" width="400" src="/images/stories/2013/06/runthattownjune19three.jpg">
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Run your neighbourhood with ABS game

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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