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La Trobe University, Parkville, Monash Clayton and Sunshine are all tipped to be included as future employment hotspots in Melbourne’s new 40 year vision paper to be released Wednesday.
The Napthine Government is replacing Labor’s Melbourne 2030 plan in a new strategy which Fairfax says will outline key housing and employment growth areas and transport priorities.
It reports the draft will expand on a vision in the previous paper which creates services, entertainment and jobs within 20 minutes of residential areas.
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awalsh-7Ub9EypybQ

Four Melbourne suburbs to become employment hubs

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Realestate.com.au has revealed the suburbs most-searched for by property buyers in Australia.
The South Australian suburb of Parkside tops the list, followed by Freshwater in NSW and Belair in South Australia.
The list is published every quarter.
Belair, Ashwood, Blackburn South and Stanmore are all newcomers to the list, while Freshwater, Fullarton and Newmarket regained popularity with buyers after dropping off last quarter.
The top 10 suburbs are:
1. <a target="_blank" href="/news">Parkside </a>(SA)
2. <a target="_blank" href="/news">Freshwater </a>(NSW)
3. <a target="_parent" href="/news">Belair</a> (SA)
4. <a target="_blank" href="/news">Newmarket </a>(QLD)
5. <a target="_blank" href="/news">Surrey Hills</a> (VIC)
6. <a target="_blank" href="/news">Ashwood</a> (VIC)
7. <a target="_blank" href="/news">Blackburn South</a> (VIC)
8. <a target="_blank" href="/news">Fitzroy North </a>(VIC)
9. <a target="_blank" href="/news">Stanmore </a>(NSW)
10. <a target="_parent" href="/news">Fullarton </a>(SA)
Parkside also took out top spot in the website's <a target="_blank" href="/news">July report</a>. 
At the same time last year the top 10 suburbs were:
1. <a href="/news">Parkside</a> (SA)
2. <a target="_blank" href="/news">Norwood </a>(SA)
3. <a target="_blank" href="/news">Walkerville </a>(SA)
4. <a target="_blank" href="/news">Hazelwood Park</a> (SA)
5. <a target="_blank" href="/news">Mont Albert</a> (VIC)
6. <a target="_blank" href="/news">Clifton Hill</a> (VIC)
7. <a target="_blank" href="/news">Park Orchards</a> (VIC)
8. <a target="_blank" href="/news">Unley </a>(SA)
9. <a target="_blank" href="/news">North Rocks</a> (NSW)
10. <a target="_blank" href="/news">Carlton North</a> (VIC)
 
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Top 10 most searched for suburbs in Australia

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A number of property analysts say the Cairns property market is on the verge of a recovery, but mainly for houses.
Property prices in the far north Queensland town suffered greatly during the global financial crisis but it may be about to spring back.
“The Cairns market is improving. Once again detached housing very much so, with units there isn't much improvement there. It’s much more investor driven and run by employment,” Tim Lawless says.
“Cairns is benefiting from more air travel coming in from China which is having a real impact on the local economy but values are still a lot lower than 2007. It will take a long time.”
Herron Todd White say the market there is nudging close to a recovery but there are still low priced opportunities to be found.
“Pockets of low priced housing exist in a number of suburbs, but the traditionally cheaper areas are <a href="/news">Manoora</a>, <a href="/news">Woree</a>, <a href="/news">White Rock</a> and the lower parts of <a href="/news">Mooroobool</a>,” Herron Todd White’s latest monthly report says.
“House prices in these areas tend to start at around $200,000 and show median prices of around $270,000. Also worthy of consideration are <a href="/news">Manunda</a>, <a href="/news">Bungalow</a> and <a href="/news">Westcourt</a>, which are in a better ranked socio-economic stratum but still show median prices sub $300,000.
“The unit market is showing large numbers of properties for sale and units have become extremely difficult to sell unless at bargain basement prices.”
Buyers agent Rich Harvey says investors are still slightly.
“I have put a couple of clients into the Cairns market many years ago, and it's coming back on a few peoples radar but it's very tourism reliant. There's a bit of agriculture, but it's not as diverse as Townsville. Townsville has defence, education, mining and agriculture.”
Data from the REIQ released on September 6 shows house prices remained unchanged for the year ending June 2013 across the Cairns LGA. Over the quarter house prices fell 2.6%.
But certain suburbs have performed quite well. House prices in <a href="/news">Clifton Beach</a> rose 18.5% over the year, 10.3% in <a href="/news">Gordonvale</a> and 9.7% in <a href="/news">Smithfield</a>.
Over the quarter <a href="/news">Mount Sheridan</a> was the strongest performer, followed by <a href="/news">Bentley Park</a> at 9.4% followed by <a href="/news">Bayview Heights</a> at 8.7%.
The unit market didn’t perform quite so well with prices fall 9.3% for the year across Cairns and 10% over the past quarter.
<a href="/news">Manoora</a> and <a href="/news">Trinity Beach</a> were the only unit markets to increase in value over the quarter, going up 9.4% and 5.1% respectively. Compare that to Cairns City where prices fell 38.1%.
The current median house price in <a href="/news">Clifton Beach</a> is $523,000.
A four bedroom home with a swimming pool at <a href="https://www.realestate.com.au/property-house-qld-clifton+beach-111009839">5 Spur Close</a> is listed for sale at $509,000. It’s been on the market for more than a year. In 2005 it sold for $385,000, according to RP Data.
A five-bedroom home with an even bigger pool at <a href="https://www.realestate.com.au/property-house-qld-clifton+beach-114749659">50 Endeavour Road</a> is on the market for $530,000. In 2005 it was on the market, but didn’t sell, for $420,000, according to RP Data.</body></html>

Cairns property market poised for recovery in houses

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A 100-site retirement village on the far south coast of New South Wales has been listed for sale.
Homes in the 8 hectare Acacia Ponds Village near Merimbula are owner occupied but residents pay a weekly rent of around $85 per week for the land.
Home sites advertised on the <a href="https://www.acaciaponds.com.au/forsale.htm">website</a> are priced from $195,000. Residents who wish to resell their house must pay a commission to do so and must sell to someone aged over 50 who will sign a lease with the management.
The site is currently run by Manor Park Homes
The estate has been listed by CBRE’s Andrew Jackson.
“We expect strong interest in this Manufactured Home Estate, from both local and interstate buyers because of the solid consistent rent returns and room for upside,” Jackson says.
“With 100 approved sites, 83 of which have homes providing a weekly rental, the village provides an incoming purchaser with great returns upon purchase. Additionally, there is potential to fill the remaining sites and significantly increase income both through development profits on home sales as well as the increased rents subsequently being generated.”
CBRE recently sold the Oaklands Village Manufactured Home Estate in Wollongong to Alceon in an off market transaction for $13.4 million.
“These assets offer a secure, consistent income source and are relatively passive. Our ageing yet mobile population is also drawn towards the relatively low cost housing options offered by manufactured home villages, which also provide a range of facilities and a great community atmosphere, which means that they generally have little to no vacancy,” Jackson says.
“This depth to the market is evident by the crisp yields being paid for quality parks, with upside potential such as revenue uplift through rental increases or further expansion potential.”
<a href="https://www.realestate.com.au/property-villa-nsw-millingandi-110724117">Home 84</a> was the most recent sale in the village, according to RP Data. The two bedroom weatherboard home sold in May after being listed for six months at $185,000.
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Retirement village listed on NSW south coast

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The New South Wales government has introduced stricter controls on the activities of coal seam gas (CSG) companies.
It has expanded exclusion zones which limit CSG operations close to residential areas.
There will be an additional level of scrutiny applied to potential CSG projects within the 2.8 million hectares of land identified as the state’s most valuable farming land.
The so called Gateway process examines the impact of resource development on agriculture and water.
The regions included are the Central West; Mid and Far North Coast, Southern Highlands, Western, South Coast and Illawarra.
Minister for Primary Industries Katrina Hodgkinson says the reforms ensure the integrity of important agricultural land.
“When the NSW Government released its Aquifer Interference Policy last September, it ensured this State put in place the best groundwater protection framework of any jurisdiction in Australia,” Ms Hodgkinson said.
“Today’s announcement takes the NSW Government one step further towards balancing the responsible growth of the mining and resource industries with the needs of primary industries and communities.”
The reforms identify residential villages which weren’t previously protected. And it identifies future growth areas in 56 council areas across NSW.
Minister for Planning and Infrastructure Brad Hazzard said the Government was pleased to put in place the first stage of CSG exclusion zones.
“We always said that we would also examine the exclusion zones in future proposed residential areas – along with rural residential areas which could be regarded as villages – and are now seeking feedback on this,” Hazzard said.
“Importantly, however, the Government has also made it clear that, now we’ve defined these sensitive areas, we will fully support mining proposals which are in the right places and pass our rigorous and independent assessment system.”
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Stricter controls imposed on CSG near residential areas

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Homeowners in NSW can publicly register their intentions to sell on a newly launched website.
Nextforsale.com.au lets owners indicate their interest in selling while those looking to buy can see which properties are likely to be listed.
There are two million NSW properties listed on the site which buyers can request to be notified about when they come to market.
Those paying to have their properties listed on the site include Colliers International and Crown International
The website allows businesses offering property services to contact those who list their intention to sell and request an introduction.
Real estate agents, financial institutions, valuers, pest and building inspectors, conveyancers, property photographers and others can offer their services to buyers and sellers.
Herron Todd White, EYEON, Teddington Legal, Vengent and Top Snap are the launch partners offering their services on the site.
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New website allows owners to advertise their intention to sell

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Unemployment will limit future property price growth, according to CBRE.
Population growth, stock scarcity and strong rental conditions in most cities will provide stability, but unemployment needs to be kept under control to ensure capital growth, according to , CBRE’s Sam Reilly.
“GDP growth and forecasts are trending down in the short term and jobs and income growth is commensurately soft,” Reilly says.
“We believe that broad based growth in job markets is still fundamental for a sustained recovery in residential capital values and at this point an improvement in the economy is not expected until the second half of next year.”
In Perth a slowdown in resources spending is expected to impact the market. In Adelaide sales volumes and capital growth are gradually improving though the employment outlook is hindered by a struggling manufacturing sector. And in Canberra there are significant challenges due to the expected contraction of the public service.
CBRE’s Tom Edwards says improvement in sales volumes was most apparent in the lower price brackets where there was improved affordability.
“The higher volume of stock that is expected to come to the market over Q3 and Q4 will provide the most accurate illustration of the strength of the residential market,” Edwards says.
“While auction clearance rates are currently quite high, we will have a more complete view of the market when buyers have greater choice than what is currently available.”
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Unemployment will limit future price growth: CBRE

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The Reserve Bank of Australia has left the official cash rate unchanged at 2.5%, in line with analysts' predictions.
It’s the second month in the row the Bank has left rates unchanged at a 53-year low.
All nine analysts queried by Finder.com.au <a target="_blank" href="/news">predicted no movement in the official cash rate</a>.
And all 33 economists surveyed by Bloomberg predicted no change for October.
But 12 of the 33 predicted a rate cut of 25 basis points for November.
The next RBA Board meeting is on November 5.
The Bank has previously cut rates in August 2013, May 2013, December 2012, October 2012, June 2012, May 2012, November 2011 and December 2011.
RP Data's Tim Lawless says the current interest rate setting is providing an appropriate level of stimulus. 
He says housing values across the combined capital cities have recently reached a new historic high after recording a 7.7% peak to decline correction between October 2010 and May 2012. 
"Not only are home values up by 8.7% since the recovery trend kicked off in June last year, but there has also been a sharp improvement in the level of credit demand for new housing," Lawless says.
The number of mortgage commitments for new housing has risen by more than 50% over the 12 months to July, mortgage activity is continuing to trend higher indicating that housing finance demand is continuing to gather momentum as the market moves through spring.
"Dwelling approvals have also been trending higher which is another positive sign that the low interest rate setting is flowing through to new housing investment which is one of the key desired outcomes from the low cash rate setting," he says.
"While the housing market is broadly tracking consistently higher in value, the benefits of the low mortgage rate environment aren’t being felt across all regions.  Dwelling values across Australia’s third largest city, Brisbane, have hardly budged over the last year and dwelling values are lower over the year in both Adelaide and Hobart. 
"Additionally, momentum has left the Perth and Darwin housing markets with values rising by just 1.3% and 0.1% respectively over the past three months.  These cities would certainly benefit from mortgage rates remaining at their low setting."
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RBA leaves rates unchanged

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Brisbane investors should be prepared to outlay enough to buy a blue-chip investment if they wish to take advantage of a looming property recovery, according to Herron Todd White.
Brisbane’s fundamentals are strong but it’s real estate is still affordable, Herron Todd White says in its latest report.
“If history is set to repeat, than it would be fair enough to think we might start to see some reasonable growth going into 2014, particularly as the election will be well and truly behind us,” it says.
The report advises investors to look at properties as blue chip as possible.
“We realise this can be a little bit tough when the kick-off price for property in a suburb like Paddington now sits mostly over $700,000, but maybe now is the time to aim for true entry level in good locations,” it says.
“Stay as close as you can to town and try to be near great lifestyle facilities. Once you’ve found your favoured locale, check the budget and buy the best quality property you can afford.”
Those with slightly less to invest should be looking at second hand units near city locations away from busy roads and train lines.
They are usually quite big and any dodgy floor plans can be easily changed.
“If you have $350,000 to $400,000 there is most defiantly something out there for you in this sector. The great thing is these properties makes terrific starters for first home buyers.”
First home buyers are advised to buy these properties then hold on to them when they buy again.
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Brisbane investors should buy blue chip: Herron Todd White

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Melbourne bargain hunting investors should seek properties in Frankston North, according to Herron Todd White.
“Our pick for ‘dirt cheap’ (if there is such a thing?) is in Pines Estate Frankston North (ex-commission area built in the 60s),” Herron Todd White says in its latest monthly report.
“This market remains below its 2010 peak and between $220,000 to $260,000 can get you a solid 60s brick veneer with three bedrooms, and one bathroom (they’re all pretty similar) on a good size block.”
They tend to yield around 5.5% to 6% and Herron Todd White says they can be cash flow neutral depending on the mortgage.
“Long term capital growth is expected from these low base price levels,” the report says.
“Case in hand is <a href="https://www.realestate.com.au/property-house-vic-frankston%20north-114322559">37 Aleppo Crescent</a> which is under contract for $236,000 with a good tenant paying $270 per week. Land size is around 600 square metres improved with a neat and tidy but original 3-bedroom, 1-bathroom dwelling. With an interest only loan this property is cash flow positive for most investors.”
Nearby <a href="https://www.realestate.com.au/property-house-vic-frankston+north-105036326">53 Rosemary Crescent</a> was listed for sale at $215,000 to $260,000. It was recently listed for rent at $250 per week giving an approximate gross yield of 5%.
And nearby <a href="https://www.realestate.com.au/property-house-vic-frankston+north-111471851">39 Candlebark Crescent</a> is listed for sale for more than $255,000. It was last advertised for rent at $240 per week giving a potential gross yield of 4.89%.
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Melbourne bargain hunters should look to Frankston North: Herron Todd White

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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