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Logan Central is the Brisbane suburb with the greatest yields for units, according to RP Data figures.
With a median price of $150,000 and a median rent of $250, units in the suburb hav a median gross rental yield of 8.7%.
According to the 2011 census the suburb has a population of 6,172 up from 5,592 in 2006. The census shows 26.5% of <a target="_blank" href="/news">Logan Central</a>’s 2,308 dwellings are flats, units or apartments.
Logan Central is the central business district of Logan City, 20 kilometres south of the Brisbane CBD.
A search of real estate listings reveal no apartments priced below $165,000.
The cheapest unit currently available is <a href="https://www.realestate.com.au/property-townhouse-qld-logan+central-111044487">3/10 Blackwood Road</a> with a negotiable asking price of $165,000. The two-bedroom townhouse is in a complex of six properties.
It comes with a second toilet and a single car park.
The property is being marketed by Meryl Woods from Run Property Springwood, who says it could earn $230 per week. If it sells for $165,000 this would give a gross yield of 7.25%.
It last sold for $105,000 in 2004.
According to RP Data median unit prices have dropped 42.7% over the last year. In September, REIQ figures showed prices had dropped 15% over the quarter but were up 10.9% for the year.
Local agents say the price fluctuations have been due in part to new developments in the area, but prices are down.
In September, local agent John Ahern from John Ahern Real Estate Slacks Creek told Property Observer prices were actually down around 15% for the year.
“The peak of the market was in 2007, 2008 and 2009 and then prices started trending slightly downwards during 2010, and by 2011 and 2012 prices tended to drop a little further,” Ahern says.
“They’ve dropped about 15% from their peak over the last 18 months or so.”
Agent Marian Grimsey from Professionals Logan Lifestyles Browns Plains and Marsden told Property Observer prices are desperately down from two years ago.
Apartment <a href="https://www.realestate.com.au/property-unit-qld-logan+central-110123581" target="_blank">7 at 28 Defiance Road</a> is on the market looking for offers over $175,000. It’s being sold by Ioan Vancia also from Run Property, who says the unit is leased at $225 per week and could earn $260 per week plus. This would put the yield at around 7.7%.
It hasn’t sold since 1989, when it traded for $60,000. It was last on the market in 2009 listed at $199,000, discounted from $212,000.
<a target="_blank" href="https://www.realestate.com.au/property-unit-qld-logan+central-111810583">Unit 4 at 13 Blackwood Road</a> is listed at $179,000 through Tracey Child from All Properties Group. It’s currently rented at $250 per week giving a gross yield of 7.3%.
It last traded for $140,000 in 2005. It was last on the market every year since then with an asking price of $220,000 in 2010.
The Brisbane suburb with the next highest yields for units was Brookwater at 8.4% and Goodna at 8.2%.
 
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<tr height="20">
<td width="107" height="20">Suburb</td>
<td width="64">Postcode</td>
<td width="93">Median Price</td>
<td width="102">Median Rent</td>
<td width="38">Yield</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Logan Central</a></td>
<td align="right">4114</td>
<td align="right">150000</td>
<td align="right">250</td>
<td align="right">8.7</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Brookwater</a></td>
<td align="right">4300</td>
<td align="right">330000</td>
<td align="right">530</td>
<td align="right">8.4</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Goodna</a></td>
<td align="right">4300</td>
<td align="right">175000</td>
<td align="right">275</td>
<td align="right">8.2</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Woodridge</a></td>
<td align="right">4114</td>
<td align="right">180000</td>
<td align="right">250</td>
<td align="right">7.2</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Waterford West</a></td>
<td align="right">4133</td>
<td align="right">191500</td>
<td align="right">260</td>
<td align="right">7.1</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Slacks Creek</a></td>
<td align="right">4127</td>
<td align="right">200000</td>
<td align="right">270</td>
<td align="right">7.0</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Brisbane City</a></td>
<td align="right">4000</td>
<td align="right">460000</td>
<td align="right">620</td>
<td align="right">7.0</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Kuraby</a></td>
<td align="right">4112</td>
<td align="right">285000</td>
<td align="right">370</td>
<td align="right">6.8</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Spring Hill</a></td>
<td align="right">4000</td>
<td align="right">365000</td>
<td align="right">472.5</td>
<td align="right">6.7</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Bellara</a></td>
<td align="right">4507</td>
<td align="right">214500</td>
<td align="right">277.5</td>
<td align="right">6.7</td>
</tr>
</tbody>
</table>
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awalsh-7Ub9EypybQ

Logan Central tops list of Brisbane suburbs with top unit yields

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Queensland has simultaneously reached both the bottom and the top of the property market, according to managing director of National Property Research, Matthew Gross.

His two-way bet stems from his view of the two-speed economy in Queensland.
“Many of Queensland’s regional centres have experienced demand at record levels, most fuelled by investors that have chased the next big thing. Some will have done very well, many may be okay but unfortunately, those late to the scene are probably doing the equivalent of sticking their fingers in a dyke trying to stop the flow of leak,” Gross says in his latest newsletter.
“South-east Queensland, on the other hand, has had some of the most diabolical trading conditions in memory. Now this is where I stick my neck out… I believe the worst may well be behind us. This doesn’t mean that the recovery is going to be quick or uniform. It will be like dropping a stone in a bucket and watching the ripples move out.”
The improvement is partly being driven by increasing levels of migration, Gross says, but also by limited building approvals.
“Whilst this is not good for the construction industry in the short term, it is setting up the preconditions for a shortfall in the residential sector. Rental pressure remains firm in many locations, this is likely to increase over the next couple of years,” Gross says.
The bankruptcy rate has dropped to pre-2005 conditions, and the Reserve Bank is in a stimulatory frame of mind, with a possible extra 50 basis points in cuts to come, Gross says.
He says that the conditions for recovery are there, but not every region will experience the return.
“Areas like the western corridor that have significant supply are likely to experience a more modest improvement in the next two years, though the rail and improved amenity continue to make this a region with sound prospects into the future,” Gross says.
“The inner suburbs of Brisbane are experiencing higher demand. The Sunshine Coast and Gold Coast are starting to pick up, but this is often on the back of mortgagee sales which have set back new projects at least two years. As this stock is finally absorbed into the market, developers will again start to build again”
National Property Research is a Brisbane-based research firm established in 1999. Gross is a former state research manager for Stockland.
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The best of times and the worst of times simultaneously for Queensland property market

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A 1930s early Canberra residence that was recently renovated has sold for $1.45 million at its weekend auction.

It was built to a 1926 prototype, the most expensive of five housing styles that were permitted by the agency set up to build Canberra.

The Federal Capital Commission was set up to further construct Canberra from 1925 and prepare it for the arrival of civil servants. The FCC took over from the Federal Capital Advisory Committee, which took over from Walter Burley Griffin. The FCC was disbanded in 1930 with the onset of the Great Depression.
The <a href="https://www.luton.com.au/index.cfm?pagecall=property&amp;propertyID=2175549&amp;realestate=17_Hann_Street_GRIFFITH_ACT_2603" target="_blank">Hann Street, Griffith, property</a> was originally built at a cost of £2000 and had been expected between $1.3 to $1.5 million.
The FCC had 26 approved house designs. Some, like the type 13 on Hann Street, were rarely built.
The two-storey house was built in 1938 with a sleep-out, a contemporary kitchen, large living room and front and back verandas.

The façade of the building revealed the trappings of a senior public servant lifestyle with its Dutch-gable roof line, overhanging eaves and stylish window treatments.

The property was sold by Luton Property agent Richard Keeley, REIA residential sales person of the year 2012.

Vendor Mark Stevens bought the property in 2002 for $720,000. Prior to that it traded for $410,000 in 1996 and $467,000 in 1993.

In 2008, Stevens unsuccessfully tried to sell the property for $1.66 million despite it being on the market for 288 days. Stevens had another crack at selling in 2011 with an initial asking price of $1.7 million.

Stevens bought the property in a run-down condition and has renovated over the last decade.

He bought the property from the New Zealand government.

The property sold to a family hoping to owner occupy.

Canberra was established in 1913 and built over various stages of central planning over the next century with an eight-year hiatus during the Great Depression.

Canberra celebrates its 100th anniversary next year.
The following pictures on page 2 show most of the 26 house designs produced by FCC architects.
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029313&amp;SE=1">Type 1</a>

<img src="/images/stories/2012/10/type1.jpg">
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029316&amp;SE=1">Type 2 </a>

<img src="/images/stories/2012/10/type2.jpg">
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3102033&amp;SE=1">Type 3 </a>

<img src="/images/stories/2012/10/type3.jpg">
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029303&amp;SE=1">Type 4</a> 

<img src="/images/stories/2012/10/type4.jpg">
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3131038&amp;SE=1">Type 5</a> 


<img src="/images/stories/2012/10/type5.jpg">
 
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<a target="_blank" href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1964878&amp;SE=1">Type 7</a>

<img src="/images/stories/2012/10/type7.jpg">
 
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<a target="_blank" href="https://www.images.act.gov.au/duslibrary/imagesact.nsf/V01/9E9CF4A9B767CB104A256EA9001CEE1C?OpenDocument">Type 8</a> 
<img src="/images/stories/2012/10/type8.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029254&amp;SE=1" target="_blank">Type 9</a> 

<img src="/images/stories/2012/10/type9.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029311&amp;SE=1" target="_blank">Type 10 </a>

<img src="/images/stories/2012/10/type10.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1964737&amp;SE=1" target="_blank">Type 11 </a>

<img src="/images/stories/2012/10/type11.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=1975298&amp;SE=1" target="_blank">Type 15 </a>

<img src="/images/stories/2012/10/type15.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=4029253&amp;SE=1" target="_blank">Type 19 </a>

<img src="/images/stories/2012/10/type19.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3131036&amp;SE=1" target="_blank">Type 20</a>

<img src="/images/stories/2012/10/type20.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3103044&amp;SE=1" target="_blank">Type 21 </a>

<img src="/images/stories/2012/10/type21.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130900&amp;SE=1" target="_blank">Type 22</a>

<img src="/images/stories/2012/10/type22.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130739&amp;SE=1" target="_blank">Type 23 </a>
<img src="/images/stories/2012/10/type24.jpg">
 
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3130901&amp;SE=1" target="_blank">Type 24</a>

<img src="/images/stories/2012/10/type24.jpg">
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<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3098073&amp;SE=1" target="_blank">Type 25 </a>

<img src="/images/stories/2012/10/type24.jpg">
 
<hr>
 
<a href="https://recordsearch.naa.gov.au/scripts/PhotoSearchItemDetail.asp?M=0&amp;B=3099939&amp;SE=1" target="_blank">Type 26 </a>

<img src="/images/stories/2012/10/type26.jpg">
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A 1920s Canberra prototype home sells for $1.45 million

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A 1905-built St Kilda terrace with a rooftop garden deck has sold for nearly $1 million above its reserve price. 
<a href="https://www.domain.com.au/Public/PropertyDetails.aspx?adid=2010010800" target="_blank">Gorphwysfa</a>, the 21 Mary Street property, sold for $3.3 million at its super Saturday auction, well above its reserve of $2.5 million. 

It was sold by Buxton agents Karl Gillon and Ranko Cvjeticanin.

The Edwardian terrace on 253 square metres had been in the same family for 30 years before selling.

The four-bedroom <a target="_blank" href="/news">St Kilda</a> home has coffered ceilings, a marble master bathroom, four bathrooms, an internal atrium garden and a glass wet bar.

Cvjeticanin  was pleased with the result.

“This was a pleasant surprise and just another example of how prices continue to exceed expectations,” Cvjeticanin  says.
But <a target="_blank" href="https://www.12crimeastreetstkilda.com/home">an 1880-built St Kilda terrace</a> (pictured below) listed by Leon Piterman, the vice-chancellor of Monash university and his consultant wife, Hannah, didn't get to weekend auction.
<img src="/images/stories/2012/10/crimeast1.jpg">
Enniscorthy, the 611-square-metre two-storey property had been expected to sell for more than $2.5 million at its October 27 auction before it was postponed to November 17th.

It comes with a broad tessellated tiled veranda, an imposing double arched entrance hall, 4.2-metre ceilings, Baltic pine floors and a Tuscan-inspired garden.


Marketing for the property describes it as one of the area's most admired homes, featuring hydronic and under-floor heating, an alarm system, a basement wine cellar, intercom, laundry, auto-gates and off-street parking for four cars.

Buyers' agent Guy Angwin from Mal James Buyers Advocates says the property is a classic but has some floorplan issues.

“This property has been updated over time, and whilst it is not a recent renovation it does provide some floorplan flexibility,” Angwin writes in his summary of the property.

“This is a significant property with good land content, and while it has some floorplan issues, with the right renovations it could become a fine large family home.”

It was last listed for sale in 1997.

It comes with five bedrooms, two bathrooms and four car spaces.

The house is surrounded by the Tuscan-style gardens, which give the property a second street frontage on Marlton Crescent.

The hall, sitting room, dining room and study all feature marble fireplaces.

Stone floors lead through to the kitchen living and dining areas.

It is being sold by Simon Gowling from Damian O'Sullivan.

Leon Piterman was given Queen's birthday honours in 2006 for service to family medicine through distance education for doctors in remote areas, to research and student training, and to international medical education.

The property mentioned in The Argus in 1956 going up for lease £4/16/9.

The property is being marketed with its own website.

 


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Hit and miss with prestige St Kilda terrace offerings

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The number of economists expecting a cash rate cut to 3% at the Reserve Bank’s November 6 meeting has dropped in recent weeks.
This week, 21 out of 28 surveyed economists expect the rate cut, according to the Bloomberg survey.
Swaps traders are now pricing in a 55% chance of a cut on November 6.
Last week 23 out of 27 economists  expected it to drop with swaps traders then pricing in a 79% chance of a cut and the week prior it was 21 out of 26 economists with swaps traders then pricing in an 80% chance of a cut.
Almost all economists polled, 25 out of 28, expect the rate to be 3% after the December 4 decision.
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Fewer economists expecting a November Cup Day RBA rate cut: Bloomberg

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The receivership of developer Juniper Group's iconic Soul development is set to trigger a revision of prestige apartment prices in the Gold Coast.
The $17,000-plus per square metre typically sought for apartments in Soul is now likely to drop towards pricing in other unsold new high prestige developments in the Gold Coast.
The latest Midwood report noted the 77-storey Soul development was the priciest of the three ultra-high rise developments.
Of a total 288 units in the building, Midwood listed 92 remaining unsold while noting the developer was not officially participating in the survey.
The priciest apartments in Soul were the three-bedroom two-bathroom configurations, which were selling for $19,321 per square metre.
The cheapest were the two-bedroom, two-bathroom configurations, which were selling for $16,592 per square metre.
This is compared with the Oracle development, where prices range from $7,970 per square metre to $12,121 per square metre and the Hilton development, where prices ranged from $13,299 per square metre to $14,645.
The Midwood found sales for high-rise apartments in the Gold Coast totalled 54 for the August quarter, “excluding Soul and Hilton, each of which refuse to report sales because they are embarrassingly low”.
<a href="https://www.propertyobserver.com.au/developments/trouble-in-surfers-paradise-as-unsold-and-unsettled-soul-in-receivership/2012102557436">The development has been placed in the hands of receivers at PricewaterhouseCoopers on Thursday</a>.
“The challenges facing the real estate market in the Gold Coast area are well known and have been impacting the major developers in the area for some time," receiver Michael Fung noted.
"These challenges, together with the slower than expected completion and delays in settlements on pre-sold stock, meant that the receivership of this world-class development was unsurprising,” says Fung.
Juniper Group had enlisted legal support from Norton Rose to pursue buyers who had been unable or unwilling to settle after committing to buy apartments.
“Many of the apartments have been pre-sold, and we will be working through the settlement process to deliver those apartments to purchasers,” Fung says.
Real Estate Institute of Queensland spokesman John Newlands told The ABC the economy had taken a turn for the worse shortly after construction on the tower began.
"The original purchase price of the land was when the market was at its height and obviously construction and labour costs were at their peak," he said.
"To put a product like that into the marketplace, it can come at a considerable cost.
"But the marketplace is saying something different now and unfortunately they're not able to achieve the prices they were previously sold for."
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Receivership of Gold Coast Soul development likely to trigger price revision

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Perth house prices have had the strongest gains over the last year and quarter.
And only Hobart was stronger during September among Australian capital cities.
Perth house prices have grown 6.63% over the year ending September, 6.7% over the last quarter and 2.44% over the last month, according to Residex data.
Hobart had gains of 3.62% over the last month.
The median price in Perth is now $498,000, with an average growth of 9.02% per year over the last 10 years.
Its average price growth is beaten only by Darwin where house prices have grown an average of 10.01% per year over the last 10 years.
<img src="/images/stories/2012/10/afford3.jpg">
There were 24,707 house sales in Perth last year, up 13.41% from the previous year.
House rents in the city are up 21.52% for the year to $480 per week. The increase is double anywhere else in the country.
For units the trend is similar, with Perth showing the greatest price growth over the last year (12.73%), quarter (2.23%) and month (2.21%) for any capital city. Unit prices have grown 9.29% per year over the last 10 years, beaten by 10.75% in Darwin.
The median unit price in Perth is now $430,000.
Unit rents are up 20.83% for the year to $435 per week. The next highest increase was 20% in Sydney, where unit rents are now $540 per week.
There were 11,808 unit sales in Perth over the last year, up 15.81% over the previous year.
Across Australia house prices are up 0.94% for the month and unit prices are unchanged.
Over the last month house prices fell in Darwin, Adelaide and Brisbane. Unit prices fell in every state capital except Sydney and Perth.
Sydney is still by far the most expensive place to buy a house or apartment. The median house price is $668,500, more than $100,000 more expensive than Melbourne, the next highest. Sydney unit prices are $498,000, more than $60,000 more than Melbourne.
Residex says its latest figures are good for home owners, putting the Reserve Bank in good stead for another rate cut.
“The potential rate cut comes on the back of an improving housing market Australia wide, and additional rate cuts should help ensure the market remains stable and leaves adjustment phases recently seen in many markets behind,” Residex chief John Edwards says.
Edwards says some people may see the conditions as the possible makings of a housing bubble but he says that is not the case.
“Affordability is still not terrific in the major capital cities, even with the interest rate reduction… The unit market is affordable, the house and land market in Melbourne, Sydney, Perth and Darwin are unaffordable, and some of the others are marginally affordable.”
He says consumer confidence is low and the unemployment rate is likely to rise which will be countered by increased building projects.
“Overall, if there is a housing bubble risk, the markets to watch are unit markets, in particular those where there is currently a stock shortage. In essence, the main risk is Perth and to a lesser extent, Brisbane.”
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Perth property experiences strongest gains in country: Residex

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Warracknabeal in the Wimmera is Victoria’s most affordable suburb despite mooted plans for a giant topless statue of musician Nick Cave.
The median house price in the wheatbelt town is just $105,864, with 54 properties sold in the last 12 months, according to RP Data.
The town, the birthplace of Nick Cave, is nearly 300 kilometres north west of Melbourne.
According to the 2011 census the town has a population of 2,745, with 1,349 dwellings. This is up from 2,625 as indicated by the 2006 census.
Previous RP Data figures suggest the town has a median rent of $160 per week for houses. Median prices fell 8.8% last year.
Nick Cave has long harboured plans of building a giant golden statue of his likeness bare-chested on a rearing stallion. The plans have been discussed since at least 2001, but he says recent economic conditions might make constructing a giant gold statue of himself in the middle of the town seem in bad taste.
Cave is the legendary frontman  of Grinderman, The Bad Seeds and The Birthday Party.
Perhaps investors should buy now and wait for prices to no doubt skyrocket after Cave finally realises his plans.
A search on online real estate listing portals reveals more than 50 options.
A property at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-107575231">32 Gardiner Street</a> is listed for sale at $125,000, though a quick check reveals it has been on the market since August last year. It was originally listed at $137,000 before gradually dropping down. Prior to this it was listed for most of 2009 at $120,000 before being reduced to $115,000.
The three-bedroom property sits on 590 square metres and is listed through Rob Lehmann from North West Real Estate. It was listed for rent at $150 per week in January this year, giving a gross yield of around 6.25%.
The property at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-111218187">111A Jamouneau Street</a> has a similar history. It’s a three-bedroom house on 1,000 square metres listed at $120,000. It was on the market for most of 2011 at $129,500 and was relisted in August this year for $120,000 through John Hadley, again from North West Real Estate.
And<a href="https://www.realestate.com.au/property-house-vic-warracknabeal-107497689"> 6 Kelsall Street</a> has been listed at $99,500 through Gerry Smith First National. Marketing for the cottage suggests the property could rent at $145 per week, giving a gross yield of around 7.5%. The 1930-built property has been on the market for 475 days.
Nearby Dimboola is the second most affordable suburb in Victoria, with a median house price of $107,470.
Coleraine in the Southern Grampians is the third most affordable suburb with a median house price of $117,263.
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<td width="63" height="53">National Rank</td>
<td width="122">Suburb</td>
<td width="86">Median Value</td>
<td width="87">Number sold (12 months)</td>
<td width="69">Distance from GPO</td>
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<td align="right" height="20">3</td>
<td><a href="/news">WARRACKNABEAL</a></td>
<td align="right">$105,864</td>
<td align="right">54</td>
<td align="right">286.7</td>
</tr>
<tr height="20">
<td align="right" height="20">4</td>
<td><a href="/news">DIMBOOLA</a></td>
<td align="right">$107,470</td>
<td align="right">22</td>
<td align="right">301.4</td>
</tr>
<tr height="20">
<td align="right" height="20">6</td>
<td><a href="/news">COLERAINE</a></td>
<td align="right">$117,263</td>
<td align="right">20</td>
<td align="right">289.4</td>
</tr>
<tr height="20">
<td align="right" height="20">10</td>
<td><a href="/news">CASTERTON</a></td>
<td align="right">$123,359</td>
<td align="right">20</td>
<td align="right">315.7</td>
</tr>
<tr height="20">
<td align="right" height="20">11</td>
<td><a href="/news">NHILL</a></td>
<td align="right">$125,876</td>
<td align="right">39</td>
<td align="right">337.3</td>
</tr>
<tr height="20">
<td align="right" height="20">19</td>
<td><a href="/news">ST ARNAUD</a></td>
<td align="right">$145,827</td>
<td align="right">40</td>
<td align="right">201.7</td>
</tr>
<tr height="20">
<td align="right" height="20">23</td>
<td><a href="/news">MERBEIN</a></td>
<td align="right">$152,548</td>
<td align="right">40</td>
<td align="right">469.8</td>
</tr>
<tr height="20">
<td align="right" height="20">25</td>
<td><a href="/news">MORWELL</a></td>
<td align="right">$153,087</td>
<td align="right">205</td>
<td align="right">134.9</td>
</tr>
<tr height="20">
<td align="right" height="20">27</td>
<td><a href="/news">TONGALA</a></td>
<td align="right">$157,724</td>
<td align="right">25</td>
<td align="right">173.6</td>
</tr>
<tr height="20">
<td align="right" height="20">28</td>
<td><a href="/news">RED CLIFFS</a></td>
<td align="right">$157,819</td>
<td align="right">69</td>
<td align="right">462.2</td>
</tr>
<tr height="20">
<td align="right" height="20">37</td>
<td><a href="/news">COHUNA</a></td>
<td align="right">$165,281</td>
<td align="right">37</td>
<td align="right">232.3</td>
</tr>
<tr height="20">
<td align="right" height="20">45</td>
<td><a href="/news">STAWELL</a></td>
<td align="right">$169,912</td>
<td align="right">83</td>
<td align="right">208.3</td>
</tr>
<tr height="20">
<td align="right" height="20">50</td>
<td><a href="/news">CHURCHILL</a></td>
<td align="right">$172,177</td>
<td align="right">70</td>
<td align="right">138.3</td>
</tr>
<tr height="20">
<td align="right" height="20">53</td>
<td><a href="/news">MOUNT BEAUTY</a></td>
<td align="right">$175,686</td>
<td align="right">24</td>
<td align="right">229</td>
</tr>
<tr height="20">
<td align="right" height="20">54</td>
<td><a href="/news">GOLDEN BEACH</a></td>
<td align="right">$176,096</td>
<td align="right">27</td>
<td align="right">217</td>
</tr>
<tr height="20">
<td align="right" height="20">55</td>
<td><a href="/news">ARARAT</a></td>
<td align="right">$176,575</td>
<td align="right">146</td>
<td align="right">187.9</td>
</tr>
<tr height="20">
<td align="right" height="20">56</td>
<td><a href="/news">MOE</a></td>
<td align="right">$176,809</td>
<td align="right">152</td>
<td align="right">120.3</td>
</tr>
<tr height="20">
<td align="right" height="20">61</td>
<td><a href="/news">ORBOST</a></td>
<td align="right">$178,426</td>
<td align="right">29</td>
<td align="right">307.1</td>
</tr>
<tr height="20">
<td align="right" height="20">65</td>
<td><a href="/news">KERANG</a></td>
<td align="right">$180,070</td>
<td align="right">48</td>
<td align="right">249</td>
</tr>
<tr height="20">
<td align="right" height="20">68</td>
<td><a href="/news">LOCH SPORT</a></td>
<td align="right">$181,507</td>
<td align="right">57</td>
<td align="right">231.3</td>
</tr>
<tr height="20">
<td align="right" height="20">73</td>
<td><a href="/news">MARYBOROUGH</a></td>
<td align="right">$182,870</td>
<td align="right">165</td>
<td align="right">132.8</td>
</tr>
<tr height="20">
<td align="right" height="20">76</td>
<td><a href="/news">AVOCA</a></td>
<td align="right">$185,411</td>
<td align="right">23</td>
<td align="right">147.7</td>
</tr>
<tr height="20">
<td align="right" height="20">78</td>
<td><a href="/news">TERANG</a></td>
<td align="right">$186,938</td>
<td align="right">25</td>
<td align="right">185.9</td>
</tr>
<tr height="20">
<td align="right" height="20">85</td>
<td><a href="/news">NUMURKAH</a></td>
<td align="right">$189,415</td>
<td align="right">49</td>
<td align="right">192</td>
</tr>
<tr height="20">
<td align="right" height="20">94</td>
<td><a href="/news">TALLANGATTA</a></td>
<td align="right">$192,312</td>
<td align="right">25</td>
<td align="right">264.4</td>
</tr>
</tbody>
</table>
Source: <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>
</body></html>

Warracknabeal and Dimboola most affordable housing locations in Victoria

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A beachside motel on Bribie Island has been listed for auction by a prominent Brisbane Liberal National Party activist.
The Surfside Shacks in Woorim reportedly started life as the Kin Kin hospital before it was carted to its current site by bullock dray and across the Pumicestone Passage by barge.
<img src="/images/stories/2012/10/rickman.jpg">
Ray White Bribie Island agent Shane Richards says the site is rich in history.
"The building was also used as a returned soldiers' respite hospital at the end of World War Two before becoming the Surfside Flats in the late 1950s, and it's been holiday accommodation ever since,” Richards told Caboolture News.
"It's been on the island for many years, and that makes it iconic because of how long it has been here, how many people would have stayed there and how close it is to the ocean."
Richards says generations of Bribie Island holiday makers from Queensland and interstate will have fond memories of their times spent at Woorim beach, on the doorstep of the property.
Bribie Island is in Moreton Bay near Stradbroke Island and Moreton Island.
Even he himself remembers holidaying here and says he has received interest from buyers overcome with nostalgia.
He says its proximity to the beach would be impossible under current planning laws.
"You could never build that close to the ocean again."
"Literally when you're on the top floor on the veranda, you can jump off onto the sand dune and roll down into the surf.
"If you took the building down you would have to have a six-metre setback for any new building, so essentially six metres back from the road.
"That's one thing that makes this property special, and the other aspect is its full-time return, so the money it's making."
The property is a two-storey building on 640 square metres with four units on the ground floor on residential leases and a three-bedroom, two-bathroom penthouse upstairs available for short-term accommodation or as a retreat for potential buyers.
Current rates for the penthouse start at $500 per week during off peak and up to $1,000 per week during the main season.
The downstairs units earn a gross income of around $56,000 per year.
The property has views over the recently weeded sand dunes through to the ocean.
It last sold for $950,000 in 2004. The vendor recently spent $700,000 renovating the place.
Richards was unwilling to give a price indication but said it would be unlikely to sell for less than $1.6 million.
It goes to auction on November 3.
The property is being sold by Brisbane-based property developer Daryl Fennell, who was a key figure in the creation of the merged Liberal National Party.
Fennell owns a number of properties in Queensland.
</body></html>

Nostalgia-inducing Bribie Island beachside motel listed

<html><body>
Moora, in Midland WA is the state’s most affordable location, according to RP Data figures.
Median houses prices in the suburb, two hours north of Perth, is $193,637.
In the last 12 months there have been 25 sales in the town. There are currently a number of properties up for grabs.
A two-bedroom cedarwood bungalow at <a href="https://www.realestate.com.au/property-house-wa-moora-111616783">11 Gardiner Street</a> is listed for sale at $159,950. Agent Laurie Armstrong bills the property as an “investor's delight”.
The house comes on 506 square metres and has two street frontages. It is in the southern edges of the town.
A little bit closer to the centre of town at <a href="https://www.realestate.com.au/property-house-wa-moora-111181143">80 Gardiner Street</a> is a two-bedroom timber bungalow with an iron roof listed at $145,000 by the same agent.
Armstrong bills the property as being “right on for the first home buyer”. It comes on 1,012 square metres with a shed.
In a higher price bracket, <a href="https://www.realestate.com.au/property-house-wa-moora-111297195">lot 205 Riley Road</a> is listed at more than $390,000. The four-bedroom, two-bathroom home comes on two hectares.
Agent Jason Greay lists the property as being in a quiet area of town close to the Moora Race Club, the local horse racing area.
The property comes with numerous horse related extras.
The wheatbelt town suffered from significant floods in 1999 when cyclone Elaine caused the Moore River to break its banks. This was followed by heavy rainfalls later in the year, which caused a second flood.
At last count the population of the town was 4,642 people, according the 2011 ABS census. There are 2,264 private dwellings. The population is slightly older than the rest of WA, and relatively few are university educated.
The second most affordable suburb in WA is Katanning, 250 kilometres south-east of Perth and then Kambalda West, in Coolgardie.
Just two Perth suburbs feature on the list, Brookdale and Orelia, both on the outer fringes. 
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;">
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<col width="104">
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<col>
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<col>
<col>
<col>
<col width="144">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="145">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="94">
<col>
<col>
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<tbody>
<tr height="20">
<td width="104" height="20">Suburb</td>
<td width="94">Median Value</td>
<td width="167">Number sold (12 months)</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Moora</a></td>
<td align="right">193637</td>
<td align="right">25</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Katanning</a></td>
<td align="right">196507</td>
<td align="right">44</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Kambalda West</a></td>
<td align="right">204895</td>
<td align="right">25</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Narrogin</a></td>
<td align="right">216212</td>
<td align="right">34</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Utakarra</a></td>
<td align="right">232003</td>
<td align="right">23</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Collie</a></td>
<td align="right">238225</td>
<td align="right">53</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Manjimup</a></td>
<td align="right">238851</td>
<td align="right">42</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Withers</a></td>
<td align="right">254321</td>
<td align="right">42</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Brookdale</a></td>
<td align="right">264527</td>
<td align="right">49</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Double</a></td>
<td align="right">266667</td>
<td align="right">52</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Orelia</a></td>
<td align="right">267647</td>
<td align="right">95</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Spalding</a></td>
<td align="right">268025</td>
<td align="right">20</td>
</tr>
</tbody>
</table>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
</body></html>

Moora tops list of 12 most affordable WA locations

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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