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An industrial unit is the Brisbane suburb of Nundah has changed hands for $2.47 million.
The 2,355 square metre building at 2 Jenner Street, which is 8 kilometres north of Brisbane, has a 1,503 square metre warehouse plus a 785 square metre open plan office zone.
The property is fully leased to a rag trader with a rental return of $25,000 a year, reflecting a yield of 8.6%.
Dan Costello of Ray White Industrial Milton handled the sale.
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andreadixon-oif3j7eKne

Nundah industrial unit sells at 8.6% yield

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The new Northpoint Shopping Centre sold for $36.5 million in a newly developed suburb just north of Toowoomba.
The 1.95 hectare property has four street frontages including Ruthven Street, which is also the New England Highway. Developer Hallmark Property offloaded it through Jones Lang LaSalle’s Jacob Swan and Sam Hatcher.
The centre is the first investment of the Australian Property Opportunities Fund II.
The fully leased income is $2.751 million, which shows a yield of 7.63%.
The centre, which opened earlier this year, has a land area of 6,868 square metres and is anchored by a Coles supermarket and a medical centre.
There are 24 specialty shops and one kiosk, with a strong national tenant representation including Subway, Coffee Club, The Reject Shop and BWS.
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Northpoint Centre, Toowoomba sold

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The historic Corkman Irish Pub in Melbourne hip inner area of Carlton is for sale with interest north of $3 million.
Formerly known as the Carlton Inn, the pub is at 154 Leicester Street, which is near buzzing Lygon Street and surrounded by Melbourne University campuses and students digs.
The buyers have the potential to take control of the business when the current lease expires in six months or consider development potential.
The Corkman is a two level hotel on 450 square metres of land that is zoned mixed use. The holding income is about  $82,000 a year, sitting on 450sqm of land, with a mixed-use zoning.
CBRE Hotels agents Scott Callow, Mark Wizel and Joseph Du Rieu are exclusive agents for the pub, which will be auctioned on October 30.
The agents are anticipating interest from local, national and international buyers, given the lucrative nature of Carlton real estate.
According to figure held by RP Data, the pub has been with the same owner since it last traded in 1987 for $900,000.
It will be offered as a freehold site, subject to a six-month lease - with the ability for vacant possession in the short term.
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Corkman Irish Pub, Carlton for sale

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The British Crown Hotel in Melbourne’s funky inner suburb of Collingwood is for sale.
The recently refurbished iconic pub at 14 Smith Street is two kilometres away from the CBD. Set on 550 square metres of land, the two-level hotel is likely to attract offers of more than $3 million.
According to RP Data, it last sold in 1987 for $1,085,000. Before that is had changed hands in 1982 for $260,000.
The British Crown is being offered with an established lease in place.
CBRE Hotels agents Scott Callow, Mark Wizel and Joseph Du Rieu will handle the private treaty sale.
“We have seen many recent property sales along this trend, evident in the transaction of the Clarendon Hotel and Town Hall Hotel in South Melbourne, the Railway Hotel, West Melbourne, and the Duke of Kent Hotel in the north western corner of the CBD,” says Rieu.
Demand for prime sites within the CBD and city fringe is record setting with land values growing from $14,000 a square metre to $28,000 a square metre, according to CBRE.
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British Crown Hotel, Collingwood for sale

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Melbourne’s least expensive house to sell at auction on the weekend traded for $256,000 in Werribee, southwest of the CBD.
The three-bedroom 1970s house has a central bathroom and separate living room and kitchen and is on a 571 square metre block. The 4 Carbon Court property sold through Hocking Stuart Werribee, according to Australian Property Monitors. 
Marketed as a renovators dream, it may also have potential as a knock-down to build another house or units, subject to council approval.
According to RP Data the rent for the area is $276 a week and based on this figure an investor could expect a yield of 5.6%. Growth in the area is at 3.3%. The median price for the suburb was $314,500 in September.
The only other recent sale in Carbon Close was number 8, which exchanged last year for $295,000.
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Werribee $256,000 sale Melbourne weekend's cheapest result

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The most costly property to sell in Brisbane at the weekend auctions was a $1.231 million house in Wellington Point, 22 kilometres southeast of the CBD.
The 10 year old residence at <a href="https://www.realestate.com.au/property-house-qld-wellington+point-105471254" target="_blank">7 Allan Day Drive</a> has four-bedrooms and is moments away from Waterloo Bay. It was sold through Harcourts Green Living, according to Australian Property Monitors.
Located on 800 square metres, the house has reverse cycle air-conditioning, a media room, two ensuite bathrooms and two additional bathrooms, indoor and outdoor living zones plus a pool.
The house was rented in 2013 for $950 a week, which reflects a yield of 4% for an investor.
Wellington Point has a median house price of $520,000, which underscores the exclusive location of this house within the Sovereign Estate, which was developed in the early 2000s. 
It is the first residential sale on the tightly held street this year.
Last year two houses sold on Allan Day Drive. A modern four-bedroom, four bathroom residence on 800 square metres at number 37 traded for $1 million while another resort-style house on 824 square metres exchanged for $1.47 million.
 
 
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Wellington Point secures Brisbane's priciest

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Paralowie, in Adelaide’s north, was the location of the city’s most affordable house sold for $323,000 at weekend auction.
The 1997-home has five bedrooms on a block at 83 Liberator Drive. The modern house has an ensuite to the master bedroom, a three-way bathroom, modern kitchen that serves an adjoining dining area plus outdoor entertaining areas.
Plaza Real Estate, according to APM, handled the sale.
RP data has the median house price for September in Paralowie at $288,000, while capital growth for 2013 was -1.2%.
This year three houses have sold on the street with the least expensive being a three-bedroom house on 300 square metres at 97 Liberator Drive that changed hands for $250,000.
In July another three-bedroom house on 642 square metres sold for $325,000.
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Paralowie Adelaide's cheapest weekend auction sale

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The boutique 1770 Beach Shacks in the Queensland town 1770, south of Bundaberg, has been listed for sale for the first time in 17 years.
The town of 1770 is about 130 kilometres from Bundaberg in the north and Gladstone in the south and 494 kilometres from Brisbane.
Located on Captain Cook Drive, the 1770 Beach Shack has four Balinese-inspired pole houses with private decks, overlooking the 1770 swimming beach. 
The ‘Stone Cottage’ is an adjoining bungalow on 809 square metres of land that holds a separate title and is on Elliot Street. It is currently used as a manager’s residence. The combined land area is about 1,585 square metres.
1770 is named for Captain Cook's second land fall.
Agent Leon Alaban of Ray White is seeking expressions of interest, closing on November 19, in the property as a freehold with a business.
According to RP Data, a house on 610 square metres of land at 632 Captain Cook Drive has been for sale for several years with a price tag of $1.2 million.
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1770 beach shacks listed

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With a $10 million Vaucluse vendor bid, and a $3.45 million Paddington vendor bid, Sydney’s most expensive residence to sell at auction on the weekend was a chic contemporary residence in Sydney’s southern suburb of Sans Souci for $3.125 million.
The ultra-modern 2012-built five-bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-sans+souci-117929327" target="_blank">78 The Promenade</a>, with views over Kogarah Bay, sold through McGrath South Hurstville, according to APM.
The house has a three-car garage, wine cellar, an atrium with high ceilings and marble bathrooms. The land area is 638 square metres and includes a swimming pool and spa.
Statistics compiled by RP Data shows that the sale is well above the median house price for the suburb, which was $1.306 million in September this year. For the same month in 2013 the median house price was $1.1 million. In the past 12 months, capital growth for the seaside suburb that flanks Sydney’s historic Botany Bay was 30% for 2013, a dramatic improvement on the negative growth that the area experienced for the previous two years.
The Promenade has had a recent spate of multi-million dollar sales with a four-bedroom house on 828 square metres of land at 75 The Promenade selling for $2.55 million last month while a five bedroom house on 588 square metre at 140 The Promenade sold for $2.35 million in August.
APM reported the Sydney weekend home auction market bounced back at the weekend recording a clearance rate of 81.1% despite over 700 properties going under the hammer.
Last weekend the clearance rate dipped below 80% for the first time in two months as the highest number of auctions since May weighed down buyer activity. 
"High auction numbers were however no impediment to the market on Saturday as the record breaking spring selling season regathered its energy," APM senior economist Dr Andrew Wilson said.
Despite the revival in the clearance rate at the weekend, the underlying trend has weakened over the past month.
"It is definitely still a sellers’ market," Wilson suggested.
 Sydney’s four-weekend average clearance rate now stands at 81.3% compared to 83.0% over the previous four-weekend period.
Sydney’s south took over from the usual leader the inner west as the best suburban region performer at the weekend with an exceptional clearance rate of 90.6% reflecting 87 sales from 90 listings. 
Next best was the city and east with 85.1% closely followed by the north west with 85%, the upper north shore 83.3%, the central coast 81.8%, the northern beaches 81.5% and Canterbury Bankstown 80.6%. 
The inner west however recorded its lowest clearance rate for the spring with a 76.5 percent result.
It was the Vaucluse home of Telenet chief John Porter and his wife Susan Mougey that was passed in on a $10 million vendor bid.
Designed by architect Tom Rivard, the <a href="https://www.mcgrath.com.au/buy/house-vaucluse-nsw-2030/228666/?searchID=43654460" target="_blank">four-storey residence</a> sits in Will Dangar-designed gardens.
It last traded in 2006 for $7.17 million then rebuilt in 2009.
Following the family's move to Belgium last year, it was listed for in excess of $11 million.
The Paddington terrace <a href="https://www.mcgrath.com.au/buy/house-paddington-nsw-2021/228142/?searchID=43654417" target="_blank">was passed in on a $3.45 million vendor bid</a>. The Paddington Street property was marketed as one of the suburb's largest four level terraces.
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Vaucluse and Paddington passed in so Sans Souci the dearest sold in Sydney

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Victoria’s most pricey property to sell at auction on the weekend was a house in Toorak for $3.525 million.
The stylish three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-toorak-117970939" target="_blank">14 Glen Road</a> is on a 888 square metre block near the Kooyong Tennis Club. Local agent RT Edgar Toorak handled the sale, according to Australian Property Monitors.
About 100 people attended the ­auction where there was a single bid of $3.2 million. Subsequent negotiations took the sale price higher, said RT Edgar’s Jeremy Fox. 
The modern renovated house is built around a central courtyard and last sold in 2003 for $2.15 million.
The median house price for the area dipped in September with RP Data pegging the median at $2.4 million. In September 2013 the median price was $2.667 million. 
According to RP Data, growth among house prices in Toorak is at 4.2%. In April 2012 the Glen Road house had been available to be rented for $1,390 a week.
One recent sale nearby was 7 Glen Road, which exchanged for $4.15 million<a name="_GoBack" style="line-height: 1.3em;" href=""></a> while 23 Glen Road traded last year for $3.9 million.
The Melbourne weekend home auction market lifted at the weekend following two weekends of falling clearance rates, according to APM.
Melbourne reported a 76.4 percent clearance rate compared to the previous weekends 73.8 percent - the lowest result so far this spring.
Although Melbourne reported an improved result this weekend, the underlying trend has fallen recently, APM senior economist Dr Andrew Wilson said.
"Current clearance rates however continue to reflect solid local market conditions with competition amongst buyers for property encouraging for sellers," he said.
Some 1005 homes were listed for auction at the weekend, well ahead of the previous weekends 903 and also up on the 938 auctioned over the same weekend last year.
Over 1500 auctions are scheduled in the metro area in the usual pre-Melbourne Cup long weekend holiday Super Saturday of auctions.
Melbourne’s eastern suburbs continue to dominate auction results again reporting the highest regional clearance rates at the weekend.
The outer east led again with a clearance rate of 88.3 percent with 83 sales from 94 auctions.  
 
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Toorak tops weekend sales: APM

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]

Andrea Dixon

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