Blocks of land for new homes can be found&nbsp;around Melbourne at well under the $200,000 threshold.&nbsp;

Starting at around $95,000,&nbsp;Property Observer has found eight&nbsp;Melbourne suburban housing estates&nbsp;where <a href="https://www.propertyobserver.com.au/land/melbourne-land-blocks-dip-below-%24200000-but-no-dramatic-falls-expected-oliver-hume/2012082156102" target="_blank">land can be bought for&nbsp;under $200,000</a>. It may mean&nbsp;a long commute once the house gets constrtucted,&nbsp;but the land prices are low.

1.

$95,000 

Mickleham 

The latest project from Evolve Development, <a href="https://www.wonderofthewoods.com.au/" target="_blank">The Woods</a>, has home sites available starting at $95,000. There are 42 sites available in the first release, with land sizes starting at 213 square metres. It&rsquo;s about 30 kilometres north of Melbourne.&nbsp;There have been six $95,000&nbsp;block sales&nbsp;to date with the further supply of $95,000 blocks being&nbsp;driven by market demand. The $95,000&nbsp;blocks are 213 square metre&nbsp;with 8.5 frontage. Approximately&nbsp;25% of the first public release - known as Hollington Release -&nbsp;has sold since its recent opening weekend.

&nbsp;

2.

$99,000

Eynesbury 

The<a href="https://www.eynesbury.com.au/home" target="_blank"> Eyensbury Township</a> is a development by GEO Property Group. For $99,000 you can buy 290 square metres. The development is well sold with a limited number of lots remaining. The suburb&nbsp; is about 35 kilometres west of Melbourne.&nbsp;

&nbsp;

3.

$139,000

Wyndham Vale

A 315-square-metre lock of land in <a href="https://www.realestate.com.au/property-residential+land-vic-wyndham+vale-200229665" target="_blank">Belle Meade Estate </a>costs $139,000. The estate is three kilometres from Weribee train station and 27 kilometres south-west of Melbourne.&nbsp;

&nbsp;

4. 

$140,000

Pakenham

In the <a href="https://www.realestate.com.au/property-residential+land-vic-pakenham-200332447" target="_blank">Amberlea Estate</a> $140,000 will buy a 306-square-metre block of land. This estate is situated in the Henry Road precinct, providing easy access to the Freeway. It is about 50 kilometres south-east of Melbourne.

&nbsp;

5.

Doreen

$140,000

Land&nbsp;in <a href="https://www.realestate.com.au/property-residential+land-vic-doreen-200223025" target="_blank">Panorama Estate</a> in Doreen can be picked up at reduced prices, with agents listing&nbsp;land at $140,000 rather than the initial&nbsp;$160,000 asking price. That price will buy you 416 square metres. Doreen is about 30 kilometres north-east of Melbourne. &nbsp;

&nbsp;

6.

Beveridge

$149,000

A 315-square-metre block of land in the <a href="https://www.realestate.com.au/property-residential+land-vic-beveridge-200127316" target="_blank">Mandalay Estate</a> in Beveridge costs $149,000. The estate is accessed via the Hume Highway and is near to Cragieburn and Wallan. It is nearly 40 kilometres north of Melbourne, though, and a long commute.&nbsp;

&nbsp;

7.

Williams Landing

$190,000

<a href="https://www.williamslanding.com.au/" target="_blank">The Cedar Woods</a> development has prices starting at $190,000. Approved as a new suburb in May 2007, the area is one of the fastest-growing municipalities in Australia, according to the developer. Near Hoppers Crossing, the suburb is 20 kilometres south-west of Melbourne.&nbsp;

&nbsp;

8.

Berwick

$195,000

A 350 square metre block of land in the <a href="https://www.orchardrise.com.au/" target="_blank">Orchard Rise</a> development costs $195,000. The development has approval for 87 lots. The estate offers 1.6 hectares of parks and recreation facilities. Berwick is 40 kilometres south-east of Melbourne. &nbsp;

&nbsp;

&nbsp;

Outside of large developments, there are also isolated blocks of land available for sale by individual vendors.

1.

$120,000

Chirnside Park

An isolated block of land in <a href="https://www.realestate.com.au/property-residential+land-vic-chirnside+park-200246165" target="_blank">Chirnside Park</a> starts at $120,000 for a 495-square-metre block. Near Lilydale, Chirnside Park is 30 kilometres east of Melbourne.

2.

$120,000

Cranbourne 

A 250 square metre block in <a href="https://www.realestate.com.au/property-residential+land-vic-cranbourne-200179285" target="_blank">central Cranbourne</a> costs $120,000. It comes with planning approval for a double-storey, three-bedroom dwelling. Cranbourne is 40 kilometres south-east of Melbourne.&nbsp;&nbsp;

3.

Melton

$105,000

<a href="https://www.realestate.com.au/property-residential+land-vic-melton-2983606" target="_blank">In Melton </a>you can buy a 212-square-metre block for $105,000. It comes with planning approval for a two-bedroom house. Melton is nearly 40 kilometres west of Melbourne. &nbsp;

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Where to find blocks of land around Melbourne for under $200,000

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An 1874-built bluestone church in Collingwood is listed for sale by tender as part of a divine trend in Melbourne's property market.
The former St Saviour's Church of England is described by heritage documents as a bluestone Gothic Revival church. It was built adjacent to a school on the corner of Oxford and Mason streets in 1874 to 1875 and enlarged in 1879. Since 1958 the church has operated as the Holy Virgins Protection Russian Orthodox Church.
The church reportedly cost £3,000 to build and was made of locally sourced bluestone. It was consecrated in 1880.
The original clergyman was the 29-year-old Reverend Charles Yelland, a man keen to help the poor, though his efforts did sometimes extend too far and he got in trouble on at least one occasion for practising medicine unlicensed. His congregation consisted of small landlords and local traders.
It only operated as a mission church until 1891, when Yelland died from an abscess of the liver. With the 1892 collapse and liquidation of the Mercantile Bank the church lost most of its funds, but it did survive the period. In 1900 the church reopened after renovations.
Agent Charles Atkins of Hocking Stuart Carlton is marketing the church as a development opportunity. 
He is looking to sell the property for in excess of $2.5 million based on a price of $3,500 per square metre.
The church is currently owned by a consortium led by the Russian Orthodox Church.
"There's such a  scarcity of properties like this it may be a great opportunity for someone to occupy and convert into their own residence or even for a commercial space, either way," says Atkins.
"We're putting it out to both avenues, but I personally think it will be purchased by someone looking to occupy. There's so much scope and room to do something pretty special here. It really is stunning.
"Inquiries have been solid. We've already spoken to a couple of owner-occupiers and a few developers and also those in the commercial inudstry looking for a commercial space. It's a broad mix of buyers demonstrating interest in the property."
The church is is on 715 square metres of land with mixed-use zoning.
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Collingwood 1870s church listed as heavenly development opportunity

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Wyong on the NSW central coast had the highest population growth from domestic migration for all of the greater Sydney municipalities between in 2010.
But the spurt was confined to Wyong's north-east precinct, where there were 6,450 domestic arrivals and 4,987 domestic departures, giving a net migration jump of 1,463 people. The south and west precinct had slower growth of just 167 people.
The north-east now has a population of 77,757, according to the 2011 census, and 33,361 private dwellings. It has had net gain in migrants every year since at least 2006.
The population is somewhat skewed towards younger people, with the age brackets from 0-19 representing the greatest proportion of residents.
Some 6.7% of the population are university educated, well below the state average of 14.2%. Census data shows 83.2% of the population are Australian born, compared with a state figure of 68.6%. The next most common country of birth is England at 4.1%, slightly higher than the state figure of 3.3%. 
A Wyong Council spokesperson says people are likely attracted to Wyong by its relatively inexpensive house prices.
"What would bring people here would be cheaper house prices than the Sydney market. That would be the major one. The fact you can live in a coastal area with a family and if need be it’s only 1.5-hour commute to Sydney every day via a train service or a drive along the freeway," he says.
RP Data says the median house price in Budgewoi, one of the larger localities in the area, is $278,250, with a median weekly rent of $300.
"There are three new housing developments in the area in suburbs like Wadalba, Hamlyn Terrace and Woongarrah. Developers are developing greenfield sites on traditionally semi-rural hobby farms," the council spokesman says.
"They're predicting in 10 to 15 years it will almost become a satellite city of 40,000. Obviously there's not that many people there at the moment, but they’re our three new areas"
In Hamyln Terrace, a four-bedroom, two-bathroom house on 678 square metres (pictured below) is listed for $390,000.
<img src="/images/stories/2012/08/wyong1.jpg">
Another three-bedroom, two-bathroom home is listed for rent at $415 a week
<img src="/images/stories/2012/08/wyong2.jpg" width="470">
The area was followed by Camden in outer south-western Sydney, with 4,748 domestic arrivals and 3,535 domestic departures, giving a net gain of 1,213 people; and The Hills Shire North in Central Northern Sydney with 5,274 domestic arrivals and 4,269 domestic departures giving a net figure of 1,005.
In the whole of Sydney there was a net loss of 20,249 people due to emigration, as 347,335 people immigrated from within Australia and 367,584 emigrated to other parts of Australia.
The figures represent the largest increases in population due to domestic migration and do not include births and deaths.
Canterbury in Canterbury-Blacktown was the area in Sydney with the greatest number of people leaving, with a net migration loss of 2,570. In fact Canterbury topped the list in Australia for the area with the highest net loss due to migration.
Fairfield East in Fairfield-Liverpool was next with a net migration figure of -1,468, followed by Randwick in the eastern suburbs with a net figure of -1,464.
The ABS data is experimental and is the first time it had been published on an statistical local area level. For some regions with very small populations and unreliable data, internal migration estimates were assumed to be zero.
Net regional migration is the net gain or loss of population through the movement of people from one location to another location within Australia.
The ABS found just over 2 million people moved between statistical local areas during 2010, which was 1.6% lower than in 2009.
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Wyong's attractive low prices on Sydney's outskirts triggers population spike

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It says enter at own risk, but one brave buyer secured a derelict terrace in Sydney's Paddington after it was passed in at auction recently.
Agents had been seeking offers of more than $1.63 million for the Windsor Street property which had the sold sticker posted yesterday. It previously traded for $1.895 million in 2009.
“It passed in on a $1.5 million vendor bid. We had four registered bidders, but no one did anything on the day,” says <a href="https://bradfieldcleary.com.au/3176754/40-Windsor-Street-Paddington">BradfieldCleary</a> Double Bay agent Mark Daley.
"We’ve got an offer on it now. I’m confident it will move pretty quickly now. Especially with the price next door," he said shortly after the auction. 
The neighbouring terrace sold last November for $1,825,000, and Daley says it was in just slightly better condition and required a full renovation.
Though derelict, the recently sold terrace comes with approved plans for a Zoltan Kovacs Architects-designed three-bedroom, 3.5-bathroom home.
Daley says after renovations the house would likely sell for more than $3 million.
The plans were approved in late 2010 and will lapse in late 2015.
Daley says it could cost anywhere from $500,000 to $1 million to realise the plans.
He says most interested parties were those looking to live in the house.
"We’re usually finding that people are buying them to live in because the builders want too much of a discount because they want to leave in a profit margin for when they sell it on."
The three bedroom home sits on 146 square metres.
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Unrenovated terrace takes Paddington prices backwards

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The receivers of Mowbray College, a private school in Melbourne’s west that entered into voluntary administration last month with debts of $18 million, have listed the three campuses for sale.
Sal Algeri of Deloitte has appointed Fitzroys, in conjunction with CBRE, to sell the school's three campuses.
David Bourke of Fitzroys says the three campuses had extensive improvements that could be adapted for community and immediate educational uses.
Bourke told Fairfax Media a number of private schools were interested in buying the property, saying the cost to replace the campuses would be very high.
“There are also inquiries from developers. The town centre campus is well located in the centre of Caroline Springs, and the Melton property is also a large infill site.”
The three sites are:
<ul>
<li>The 17.85-hectare <a href="https://cbre.realcommercial.com.au/property-land+development-vic-melton-500389691">Patterson Campus in Melton</a> zoned residential 1 with classrooms, halls, gymnasiums and sporting facilities;</li>
<li>The 1.25-hectare <a href="https://cbre.realcommercial.com.au/property-land+development-vic-melton-500390039">Town Centre Campus in Caroline Springs</a> zoned “comprehensive development”; and </li>
<li>The 1.057-hectare <a href="https://cbre.realcommercial.com.au/property-land+development-vic-melton-500390039" target="_blank">Brookside campus in Caroline Springs</a> zoned residential 1 with education facilities.</li>
</ul>
In a bid to protect the properties from residential developers, Melton councillors unanimously passed a motion to change the Patterson campus from Residential 1 to Special Use zone for educational purposes.
Then acting chief executive Luke Shannon told News Limited an application to change the zoning would be made to the Planning Minister, but the process could take up to five months.
 The expressions-of-interest campaign closes on September 14.
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Mowbray College in Melbourne's west listed for sale

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Home values have been on the rise nationally over August, on track for the third consecutive monthly rise, according to RP Data Rismark home value index.
The report notes prices have risen a modest 0.3% over the first 17 days of August and unless there is any deterioration in the daily readings over the rest of the month, RP Data's research director Tim Lawless predicts a positive month of value change.
The rises were consistent across all capital cities except Perth, where prices eased 0.9%  over the same period.
Sydney has been the only city to experience price growth for the year to date, with prices rising 2.1% to August. Across all capital cities prices are down 0.5% for the year to date.
If the trend for this month continues it will be the third month running where dwelling values have improved across the combined capital city markets, which Lawless suggests is a good indication that market conditions have moved through the bottom of the cycle.
Although home values have continued to increase over the month, the rate of growth has slowed down.
Values rose by 1.0% in June, 0.6% in July and the report expects the August result to be inline or slightly lower than the growth in values in July.
"With no interest rate cuts over recent months it will be interesting to see whether the slowing continues or momentum builds as we enter the spring selling season," Lawless noted in his <a target="_blank" href="https://blog.rpdata.com/2012/08/capital-city-home-values-continue-to-rise-during-august/">blog</a>.
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Home values on track to rise for third month running, albeit slowing: RP Data Rismark

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Announcing the nine-month financial results, ANZ chief Mike Smith says the salary for many executives at the bank including himself, will remain unchanged. The bank reported solid growth over the last nine months in a subdued lending environment. In 2011 Smith was paid $5,005,515.
<a target="_blank" href="https://twitter.com/ANZ_Media"><img width="470" src="/images/stories/2012/08/anztweet.jpg"></a>
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ANZ boss Mike Smith's salary freeze: Tweet of the day

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Rents in metropolitan Perth have increased again in the last quarter as vacancy rates remain tight, according to the Real Estate Institute of Western Australia.
In the three months to July, rents increased $10 a week to a median of $440 per week. That’s $450 a week for houses and $420 a week for units and apartments.
The quarterly found the vacancy rate has remained at 1.9% due largely to population growth and limited housing stock.
REIWA’s David Airey says the vacancy rate traditionally eases during the winter months and the current situation is unusual.
“The equilibrium for vacancy rates across Perth sits at around 3%, so the current rate of just under 2% is a third below where it would normally be,” Airey says.
There are currently 2,440 rental properties on the market, down from a peak of 3,708 in the first week of July last year.
“As the number of rental properties diminish rents are being pushed up. It’s a classic case of supply and demand being driven by population growth and weak investor activity,” Airey says.
He says the rents increases in Perth are causing more people to break their leases.
“Some people are breaking their lease to move into a more affordable place if they find one, some tenants have bought a home of their own to move into, while many younger tenants might be returning to the family home to live with mum and dad.”
Airey says the situation is unlikely to change soon.
“I can’t see this rental situation changing in the short term, particularly given that the market tends to pick up in spring. The bottom line is that our population growth is higher than the rest of the country, and everyone needs somewhere to live."
“Hopefully the strong first-home buyer activity will see many current renters moving into a home of their own incoming months, freeing up rental stock and helping to ease the vacancy rate.
“We may also see investors return to the Perth market in greater numbers now that the rental yield has improved, house prices have stabilised, interest rates are steady and demand for accommodation is likely to continue for some time.”
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Rents in Perth increase again as vacancy rate still tight: REIWA

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The major acceleration of growth in the Queensland mining super-hotspot Gladstone is over, according to property investment advisor Michael Matusik.
He says while there is still some growth to be had, the major acceleration is now finished and investors might have missed the boat.
“Gladstone is a good example of a market that’s when everyone wants to buy now,” Matusik told Smart Property Investment.
“Yes, you can buy a good asset in that cycle, but the generic push behind the market is probably exhausted and is slowing down the acceleration. You generally want to buy when the acceleration is beginning to happen.”
Matusik put Gladstone at between nine and 12 on the property investment clock, meaning growth is slowing and values could stagnate.
Hotspotting.com.au founder Terry Ryder echoed Matusik, saying the savviest of investors were already in the market 12 to 18 months ago and are now selling up leading to high sales volumes.
“If you buy there now you may still get some growth, but really you’ve missed a lot of the growth that’s happening in Gladstone over a five year time span... An investor who does proper due diligence and research would have identified Gladstone in advance of the growth we’ve seen over the last 12 to 18 months,” Ryder says.
He says there were early indicators of the size of the mining projects in the area which led to his early identification of the town as a hotspot.
“I have included Gladstone going back six years, but certainly two to three years ago, in my reports.”
“What a smart investor will be doing, such as in the case of Gladstone, is seeing the media is talking about it and that there’s been a 20% price rise… and then looking for the next Gladstone instead of buying in.”
“But now it’s no longer a future hotspot it’s already hot.”
He says there are numerous upcoming mining projects which give ample opportunity to get in ahead of this curve.
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Gladstone's mining-related property boom over: Michael Matusik

Suburban Cairns unit investors reaping the highest yields amid Australia's most active 50 rental suburbs

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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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