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The 10 lowest earning postcodes in Victoria have been revealed by a Property Observer review of the Australian Tax Office's Taxation Statistics 2010-2011 report.
The suburbs with the lowest mean taxable income are rural localities in the east of the state.
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<colgroup>
<col width="64">
<col>
<col width="754">
<col>
<col width="64">
<col>
<col width="145">
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</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="754">Suburbs/Localities</td>
<td width="64">Postcode</td>
<td width="145">Mean Taxable Income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Bellbird Creek/Bemm River/Cabbage Tree Creek/Club Terrace/Combienbar/Errinundra/Manorina</td>
<td><a target="_blank" href="/news">3889</a></td>
<td align="right">23,683</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Double Bridges/Stirling/Tambo Crossing</td>
<td><a target="_blank" href="/news">3893</a></td>
<td align="right">24,510</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Kinypanial/Korong Vale</td>
<td><a target="_blank" href="/news">3520</a></td>
<td align="right">24,603</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Durham Ox</td>
<td><a target="_blank" href="/news">3576</a></td>
<td align="right">25,705</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Glenaire/Hordern Vale/Johanna/Lavers Hill</td>
<td><a target="_blank" href="/news">3238</a></td>
<td align="right">25,772</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Tempy</td>
<td><a target="_blank" href="/news">3489</a></td>
<td align="right">26,503</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>Tresco</td>
<td><a target="_blank" href="/news">3583</a></td>
<td align="right">26,517</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Koetong</td>
<td><a target="_blank" href="/news">3704</a></td>
<td align="right">26,896</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>Ada/Baw Baw/Baw Baw Village/Gentle Annie/Icy Creek/Loch Valley/Noojee/Piedmont/Tanjil Bren/Toorongo/Vesper</td>
<td><a target="_blank" href="/news">3833</a></td>
<td align="right">27,420</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>Gladfield/Jungaburra/Loddon Vale/Mincha/Mologa/Pyramid Hill/Sylvaterre/Terrick Terrick/Yarrawalla</td>
<td><a target="_blank" href="/news">3575</a></td>
<td align="right">27,782</td>
</tr>
</tbody>
</table>
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Bellbird Creek ranks as lowest earning postcode in Victoria dominated eastern rural localities

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New South Wales' lowest earning postcodes have been revealed by a Property Observer review of the Australian Tax Office's Taxation Statistics 2010-2011 report.
The list is populated primarily by rural localities with two student dominated university postcodes making the list. 
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;">
<colgroup>
<col width="64">
<col>
<col>
<col>
<col width="446">
<col>
<col>
<col>
<col width="64">
<col>
<col>
<col>
<col width="145">
<col>
<col>
<col>
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="446">Suburbs/Localities</td>
<td width="64">Postcode</td>
<td width="145">Mean Taxable Income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Gwabegar</td>
<td><a target="_blank" href="/news">2356</a></td>
<td align="right">22,993</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Delungra/Gragin/Myall Creek</td>
<td><a target="_blank" href="/news">2403</a></td>
<td align="right">23,768</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Perisher Valley</td>
<td><a target="_blank" href="/news">2624</a></td>
<td align="right">24,221</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Norfolk Island</td>
<td><a target="_blank" href="/news">2899</a></td>
<td align="right">24,350</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Ashford/Atholwood/Bonshaw/Limestone/Pindaroi</td>
<td><a target="_blank" href="/news">2361</a></td>
<td align="right">25,368</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Aberdeen/Baker's Creek/Bundarra/Camerons Creek</td>
<td><a target="_blank" href="/news">2359</a></td>
<td align="right">25,556</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>UNSW Sydney</td>
<td><a target="_blank" href="/news">2052</a></td>
<td align="right">26,246</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Callaghan/Newcastle University</td>
<td><a target="_blank" href="/news">2308</a></td>
<td align="right">26,720</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>Koraleigh</td>
<td><a target="_blank" href="/news">2735</a></td>
<td align="right">27,551</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>Speewa</td>
<td><a target="_blank" href="/news">2371</a></td>
<td align="right">28,033</td>
</tr>
</tbody>
</table>
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Student dominated university postcodes sits amid lowest earning postcodes in NSW

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Victoria's highest earning suburbs have been revealed by a Property Observer review of the Australian Tax Office's Taxation Statistics 2010-2011 report.
Toorak predictably tops the list. There were two postcodes not within Melbourne - they encompassed Flinders, Wye River and Wongarra.
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;">
<colgroup>
<col width="64">
<col>
<col width="446">
<col>
<col width="64">
<col>
<col width="145">
<col>
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="446">Suburbs</td>
<td width="64">Postcode</td>
<td width="145">Mean Taxable Income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Hawksburn/Toorak</td>
<td><a target="_blank" href="/news">3142</a></td>
<td align="right">145,580</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Portsea</td>
<td><a target="_blank" href="/news">3944</a></td>
<td align="right">133,605</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Brighton/Brighton North/Dendy</td>
<td><a target="_blank" href="/news">3186</a></td>
<td align="right">110,462</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Albert Park/Middle Park</td>
<td><a href="/news">3206</a></td>
<td align="right">108,833</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Kooyong/Malvern/Malvern North</td>
<td><a target="_blank" href="/news">3144</a></td>
<td align="right">105,932</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Camberwell East/Canterbury</td>
<td><a target="_blank" href="/news">3126</a></td>
<td align="right">102,204</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>East Melbourne</td>
<td><a target="_blank" href="/news">3002</a></td>
<td align="right">99,281</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Flinders</td>
<td><a target="_blank" href="/news">3929</a></td>
<td align="right">92,589</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>South Yarra</td>
<td><a target="_blank" href="/news">3141</a></td>
<td align="right">92,032</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>Wye River/Wongarra</td>
<td><a target="_blank" href="/news">3234</a></td>
<td align="right">91,089</td>
</tr>
</tbody>
</table>
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At $145,000-plus incomes, Hawksburn and Toorak top Victoria's highest earning postcodes

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The Australian Tax Office has released detailed data from the 2010-2011 financial year. Property Observer has reviewed the taxation statistics report to find the ten highest earning postcodes in New South Wales.
<table style="width: 470px;" cellspacing="0" cellpadding="0" border="0">
<colgroup>
<col width="64">
<col width="446">
<col width="64">
<col width="142">
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="446">Suburbs/Localities</td>
<td width="64">Postcode</td>
<td width="142">Mean taxable income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Darling Point/Edgecliff/Point Piper/HMAS Rushcutters</td>
<td><a href="/news">2027</a></td>
<td align="right">170,114</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Mosman/Spit Junction</td>
<td><a href="/news">2088</a></td>
<td align="right">136,751</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Hunters Hill/Woolwich</td>
<td><a href="/news">2110</a></td>
<td align="right">136,550</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Dover Heights/HMAS Watson/Rose Bay North/Vaucluse/Watsons Bay</td>
<td><a href="/news">2030</a></td>
<td align="right">133,892</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Bellevue Hill</td>
<td><a href="/news">2023</a></td>
<td align="right">130,503</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Northbridge</td>
<td><a target="_blank" href="/news">2063</a></td>
<td align="right">122,075</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>Woollahra</td>
<td><a target="_blank" href="/news">2025</a></td>
<td align="right">119,946</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Coasters Retreat/Great Mackeral Beach/ Palm Beach</td>
<td><a href="/news">2108</a></td>
<td align="right">110,066</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>Double Bay</td>
<td><a href="/news">2028</a></td>
<td align="right">108,807</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>East Killara/Killara</td>
<td><a href="/news">2071</a></td>
<td align="right">103,254</td>
</tr>
</tbody>
</table>
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Postcode 2027 tops New South Wales' 10 highest earning suburbs

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Five localities in Tasmania had median price increases above 20% for the March quarter, according to the Real Estate Institute of Tasmania.
The median house price in East Devonport grew 38% over the March quarter to $248,750 though there were only eight sales recorded by the REIT.
Prices in Legana increased 23.1%, 22.9% Ranelagh, 20.8% in Scottsdale and 20.4% in Mornington.
REIT president Adrian Kelly says after ending 2012 on such a positive note, house sales for Tasmania levelled out recording a 0.2% increase for the March quarter.
The top five most expensive suburbs were Acton Park, Mount Nelson, Sandy Bay, Seven Mile Beach and Kettering, while the top five most affordable suburbs were Queenstown, George Town, Smithton, Shorewell Park and Acton.
<img alt="tasmaniaapril30chartone" src="/images/stories/2013/04/tasmaniaapril30chartone.jpg" width="470" height="251">
 
<img alt="tasmaniaapril30charttwo" src="/images/stories/2013/04/tasmaniaapril30charttwo.jpg" width="470" height="190">
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Top 10 price growth localities in Tasmania

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Lend Lease has sold 75% of the first stage of its redevelopment of the former channel nine studios in Richmond Victoria.
Construction is underway at the site, which is the former home of the Heinz factory and a piano factory.
<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/2013/04/studionineapril29one.jpg" alt="studionineapril29one" width="470" height="298">
Lend Lease says the 27 freehold townhouse properties have sold well and are now under construction and due to be completed in September 2013.
Lend Lease’s Ben Coughlan says there has been a strong uptake from the local owner occupier market since the development launched.
“While the project overall has appealed to a broad demographic, we have seen a number of young families purchase the larger townhouse product as a unique inner city family home,” Coughlan says.
<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/2013/04/studionineapril29two.jpg" alt="studionineapril29two" width="470" height="257">
Lend Lease say that there is approximately a 50-50 split between investors and owner occupiers in the development.
Construction has also started on the first release of the apartments in the development.
<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/2013/04/studionineapril29three.jpg" alt="studionineapril29three" width="470" height="260">
On completion, Studio Nine will also comprise new public open space, a small retail offering, on-site community facilities and extensive landscaped gardens.
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Lend Lease's Studio Nine split evenly between investors and owner-occupiers as construction continues

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Leading Sydney estate agent John McGrath says Brisbane buyers are increasingly swayed by the proximity of cafe culture to potential properties.
He says the desire for the cafe lifestyle is one the strongest trends attracting buyers.
“While affordability will always be a factor in our property decisions, lifestyle is the fundamental key in our marketplace today,” McGrath wrote on Switzer.
He says cafe culture is an affordable alternative to beach culture traditionally sought after by buyers.
He quotes statistics which says over-65s are leading the trend towards spending more time in cafes. They have doubled the visits they make to cafes since 2008. Next is the under-25s who have increased their visits by a third.
“Given the strength of this trend, it’s no wonder that properties within walking distance of the local café village are increasingly on buyers’ ‘must have’ lists.,” McGrath wrote.
“I think this is particularly so among buyers living on their own in smaller properties. Living alone is a growing trend in Australia and the opportunity to stroll up the road to visit their favourite café for a coffee or a meal is particularly important to them.”
He gives a list of nine areas in Brisbane sought after by buyers seeking a cafe culture.
He recently opened up his <a href="https://www.propertyobserver.com.au/industry-news/mcgrath-estate-agents-opens-another-brisbane-office/2013022559555" target="_blank">fourth McGrath Brisbane office</a> in nine months. Three of his strategically position office locations actually feature on his Brisbane hotspot list.
<a target="_blank" href="/news">The Valley</a>
<a target="_blank" href="/news">Kelvin Grove</a>
<a target="_blank" href="/news">Ascot &amp; Hamilton</a>
<a target="_blank" href="/news">New Farm</a>
<a target="_blank" href="/news">Bulimba &amp; Bayside</a>
South Bank
<a target="_blank" href="/news">West End</a>
<a target="_blank" href="/news">Toowong</a>/<a target="_blank" href="/news">St Lucia</a>/<a target="_blank" href="/news">Chapel Hill</a>
<a target="_blank" href="/news">Paddington</a>/<a target="_blank" href="/news">Rosalie</a>/<a target="_blank" href="/news">Milton</a>
He also published a list of <a href="https://www.propertyobserver.com.au/hotspots/john-mcgraths-nine-cafe-society-home-buying-hotspots/2013042960823?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news" target="_blank">Sydney cafe culture hotspots</a>.
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John McGrath’s nine cafe culture home hotspots in Brisbane

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Leading Sydney estate John McGrath says nearby cafe culture is one of the major factors affecting home buyers.
He says the desire for the cafe lifestyle is one the strongest trends attracting buyers.
He quotes statistics which says over-65s are leading the trend towards spending more time in cafes. They have doubled the visits they make to cafes since 2008. Next is the under-25s who have increased their visits by a third.
“Given the strength of this trend, it’s no wonder that properties within walking distance of the local café village are increasingly on buyers’ ‘must have’ lists.,” McGrath wrote on Switzer.
“I think this is particularly so among buyers living on their own in smaller properties. Living alone is a growing trend in Australia and the opportunity to stroll up the road to visit their favourite café for a coffee or a meal is particularly important to them.”
He gives a list of nine areas in Sydney sought after by buyers seeking a cafe culture.
<a target="_blank" href="/news">Lane Cove</a>
<a target="_blank" href="/news">Elizabeth Bay</a>/<a target="_blank" href="/news">Potts Point</a>
<a target="_blank" href="/news">Mosman</a>/<a target="_blank" href="/news">Neutral Bay</a>
<a target="_blank" href="/news">Manly</a>
<a target="_blank" href="/news">Bondi Beach</a>
<a target="_blank" href="/news">Paddington</a>/<a target="_blank" href="/news">Woollahra</a>
<a target="_blank" href="/news">Surry Hills</a>/<a target="_blank" href="/news">Redfern</a>
<a target="_blank" href="/news">Newtown</a>/<a target="_blank" href="/news">Erskineville</a>
<a target="_blank" href="/news">Leichhardt</a>/<a target="_blank" href="/news">Annandale</a>
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John McGrath’s nine cafe society home buying hotspots in Sydney

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House prices in Hobart fell 1.4% over the last quarter as the number of sales dropped 4.6%, according to the Real Estate Institute of Tasmania.
The median house price drop was most strongly felt in the outer suburbs where prices fell 8% to $322,000. Sale numbers dropped 4.5% to 107 sales.
Inner Hobart house prices increased by just 0.1% to $455,000, but sales numbers dropped 9.1% to 130.
Middle Hobart house prices increased 5.2% to $326,000 as sales figures dropped 1.5% to 202.
For other dwellings prices increased 1% across Hobart over the quarter while sales numbers dropped 1.7%.
Middle Hobart had a surge in sales of other dwellings, up 34% to 63 sales. Median prices slipped 1.3% to $265,000.
Strong gains in prices for other dwellings were felt in outer Hobart where median prices increased 9.4% to $290,000 though sales numbers dropped 29.6% to 19 sales.
And in Inner Hobart, other dwellings increased in price by 4.7% to $335,000. Sales numbers dropped 21.7% to 36 sales.
Most buyers in Tasmania over the quarter were 2nd home buyers, making up 56% of sales. This was followed by first home buyers at 19% and investors at 12%. There were just 4 developer sales recorded by the REIT.
<img alt="hobartapril29onethumb" height="74" width="470" src="/images/stories/2013/04/hobartapril29onethumb.gif">
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Hobart house prices slip 1.4% over the March quarter

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The Victorian state government has significantly expanded and increased its levy on car parks in Melbourne’s CBD.
The levy has increased 37% from $950 per year to $1300 per year and will now include short-term parking-bays for the first time.
The levy previously only applied to long-term or all-day parking slots.
Residential, hospital, disabled and charity parking spaces are exempt from the levy.
It now covers an estimated 60,000 parking spaces.
The changes should increase revenue from the tax from $46.8 million in the 2013 financial year to about $91 million in the 2014 financial year.
The government said it will fund further investment in public transport infrastructure.
“The Coalition Government has already announced more than $300 million of new investment in public transport projects in this year’s Budget,” treasuer Michael O’Brien said.

“We can only afford to invest in new trains, level crossing upgrades and new stations through responsible economic management."

Car park operators have said they will pass on the fee to customers but Victorian state treasurer Michael O'Brien says  it would be the equivalent of less than $1 a day extra per space.
Sydney’s parking levy is $2160 per year per space, the result of a 2009 budget decision by the Nathan Rees Labour Government which doubled the then levy from $950 to to $2000 a year. 
The NSW  Government levy is charged to car-park owners for every off-street space within the central business district, Milsons Point and North Sydney that is not used for residential purposes.
The Victorian levy was introduced by the Steve Bracks government in 2005 to discourage driving into the city. The Coalition, then in opposition, describing it as a "flat-out tax grab".
Tony Crabb from Savills, told the The Australian Financial Review the changes would not deter commercial property construction in Melbourne, but it was unwelcome.
“Every time the budget is under a bit of strain you go back to commercial property?.?.?.?it’s very cynical,” he said.
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Melbourne CBD drivers hit with parking levy increase

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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