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<a href="https://www.propertyobserver.com.au/commercial/infamous-snowtown-bank-for-sale-title-tattle/2012021953447" target="_blank"><img src="/images/stories/200k.gif"></a>
The price expectations for the <a href="https://www.propertyobserver.com.au/commercial/infamous-snowtown-bank-for-sale-title-tattle/2012021953447" target="_blank">infamous Snowtown bank,</a> which has been listed for sale. Its listing agent is not avoiding talking about it's gruesome past, asking  “Ever wanted a piece of grisly SA history?” The listing adds: “Buyers should note that illegal activities were conducted in the old bank building, and you should enquire to the nature of these activities prior to bidding.”
 
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<a href="https://www.propertyobserver.com.au/industry-news/fair-work-claims-estate-agency-paid-queensland-salesman-%24100-for-five-months-work/2012022053458" target="_blank"><img src="/images/stories/100.gif"></a>
The amount Queensland estate agency Lovers of Property<a href="https://www.propertyobserver.com.au/industry-news/fair-work-claims-estate-agency-paid-queensland-salesman-%24100-for-five-months-work/2012022053458" target="_blank"> allegedly paid a salesman for five months' work</a>, according to the Fair Work Ombudsman. Lovers of Property allegedly classified the salesman as an independent contractor and paid him on a commission-only basis.
 
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<a target="_blank" href="https://www.propertyobserver.com.au/land/melbourne-median-new-lot-size-falls-below-400-square-metres-oliver-hume/2012022053455"><img src="/images/stories/396sqm.gif"></a>
The<a target="_blank" href="https://www.propertyobserver.com.au/land/melbourne-median-new-lot-size-falls-below-400-square-metres-oliver-hume/2012022053455"> median new lot size in Melbourne</a>, according to Oliver Hume. The median new lot size has fallen below 44 square metres for the first time.
 
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<a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/head-for-the-hills-not-the-sea-for-good-investment-prospects-terry-ryder/2012022153483"><img src="/images/stories/10perplus.gif"></a>
The long-term growth averages in Newcastle and the Hunter region. <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/head-for-the-hills-not-the-sea-for-good-investment-prospects-terry-ryder/2012022153483">Hotspot expert Terry Ryder advises investing in these localities</a>, so-called "hill-change" areas, rather than coastal areas such as Port Stephens and Lake Macquarie.
 
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<a target="_blank" href="https://www.propertyobserver.com.au/landlords/how-much-property-is-available-to-rent-in-your-capital-city-a-state-by-state-analysis-sqm/2012022153475"><img src="/images/stories/238.gif"></a>
The <a target="_blank" href="https://www.propertyobserver.com.au/landlords/how-much-property-is-available-to-rent-in-your-capital-city-a-state-by-state-analysis-sqm/2012022153475">number of properties available to rent in Darwin</a>, where the rental vacancy is just 0.9%, according to SQM Research.
 
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<a target="_blank" href="https://www.propertyobserver.com.au/trends/housing-has-become-less-affordable-in-past-50-years-as-everything-else-becomes-cheaper/2012022153489/Page-2"><img src="/images/stories/1900.gif"></a>
The <a target="_blank" href="https://www.propertyobserver.com.au/trends/housing-has-become-less-affordable-in-past-50-years-as-everything-else-becomes-cheaper/2012022153489/Page-2">cost of a block of land in Caringbah, NSW, in 1962</a>. That equates to $49,358. ""In Cronulla (near to Caringbah) land can be purchased for around $800,000," says CommSec chief economist Craig James.
 
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<a href="https://www.propertyobserver.com.au/overseas/new-york-penthouse-fetches-us%2488-million-record-setting-price/2012022253494" target="_blank"><img src="/images/stories/88m.gif"></a>
The <a href="https://www.propertyobserver.com.au/overseas/new-york-penthouse-fetches-us%2488-million-record-setting-price/2012022253494" target="_blank">cost of the penthouse apartment at 15 Central Park West</a>, which sold at full asking price. It was the most expensive sale ever in New York. 
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cknowlton-QnEa6ntUYP

The 7 must-know numbers of the week

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There's now a tipping website, <a href="https://www.propertytycoon.com.au/" target="_blank">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Sydney properties going to auction this week in round seven (last week the competition was temporarily suspended due to the Easter holidays) is 77 Annandale Street, Annandale, which is being auctioned by Pilcher Residential.
"The property, in one of Annandale’s highly desirable tree-lined streets, is within walking distance of the village," says Mark Armstrong of Property Tycoon.


"It has four bedrooms, and the open-plan kitchen/living area opens onto a good-sized rear garden."

"The agent expects bids to start at $1.3 million."

<img src="/images/stories/annandalest.jpg">
If you think you know what it will sell for place a tip at <a href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
 
 
 
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Sydney auction tipping

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There's now a tipping website, <a target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne, Sydney and Brisbane, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Sydney properties in round four of the competition this week is <a href="https://www.realestate.com.au/property-house-nsw-glebe-109647736" target="_blank">11 Boyce Street, Glebe</a>, which is being auctioned by McGrath.
"The owners of 11 Boyce Street, Glebe, in Sydney's inner west will be hoping for lots of competition for their four-bedroom, double-storey terrace," says Mark Armstrong of Property Tycoon. 
"It was purchased in 2008 for $1.5 million, and the agents are expecting a similar results this time around. 

"Boyce Street is a beautiful inner-city street full of period style homes and is always a well sought-after location. A recent sale around the corner in Toxteth Street for over $2 million is an ecouraging result for the vendors."
<img src="/images/stories/boyce.jpg">
If you think you know what it will sell for place a tip at <a href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
 
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There's now a tipping website, <a target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne, Sydney and Brisbane, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Brisbane properties going to auction this week in round four is <a href="https://www.realestate.com.au/property-house-qld-tarragindi-109683826" target="_blank">17 Pauline Street, Tarragindi</a>, which is being auctioned by RE/MAX Colonial.
Brisbane properties did not fare well in the first two rounds of the competition, with four of the five failing to sell in each of the first two weeks, but last week's properties did significantly better, with four of the five getting over the line.
"In Brisbane's inner south a large seven-bedroom home goes under the hammer. The 17 Pauline Street, Tarragindi, property is a fine example of an inner-suburban Queenslander and comes with a swimming pool and impressive 810-square-metre block of land," says Mark Armstrong of Property Tycoon.


"It was last sold in 2001 for $332,000 but this sale will have little bearing on Saturday's result as the property was been fully renovated and restored in 2010. Comparable sales suggest a sale over $1 million is on the cards."
<img src="/images/stories/pauline.jpg">
If you think you know what it will sell for place a tip at <a target="_blank" href="https://www.propertytycoon.com.au/">Property Tycoon</a>.
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Brisbane auction tipping

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There's now a tipping website, <a style="font-size: 14px; text-align: left;" target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne, Sydney and Brisbane, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Sydney properties going to auction this week in round five is <a href="https://www.realestate.com.au/property-apartment-nsw-neutral+bay-109710841" target="_blank">1/95 Wycombe Road, Neutral Bay</a>, which will be auctioned by McGrath.
Mark Armstrong of Property Tycoon says it is "an apartment with house-like proportions comprising of three bedrooms, two bathrooms and two parking spaces. The older-style apartment sits on the top floor of and has stunning views of the harbour".
"It was last transacted in 2000, when it sold for $1.15 million," he says.
"Agent Piers van Hamburg from McGrath Real Estate expects a sale of over $1.6 million this time around."
<img src="/images/stories/wycombe.jpg">
If you think you know what it will sell for place a tip at <a target="_blank" href="https://www.propertytycoon.com.au/">Property Tycoon</a>.
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A 1926 California bungalow is expected to attract considerable buyer interest this weekend, mostly due to its large block of land in Epping, Sydney.
There's now a tipping website, <a style="font-size: 14px; text-align: left;" target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Sydney properties going to auction in round 10 of the competition this week is <a href="https://www.realestate.com.au/property-house-nsw-epping-110171177" target="_blank">22 Rawson Street, Sydney.</a>
In Sydney 22 Rawson Street, Epping will go under the hammer for the first time in more than 50 years. The house itself is a beautiful three-bedroom brick Californian bungalow built in 1926, but it is the block of land that will entice bidders to put their hands up.
The impressive 1,157-square-metre parcel of land sits within walking distance of public transport, schools and shops. Families are expected to be out in force to snap this one up, as agent Wayne Vaughan from McGrath Real Estate expects it to sell in excess of $1.2 million.
<img src="/images/stories/rawson.jpg">
If you think you know what it will sell for place a tip at <a href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
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The façade of a 1970s townhouse may not be the sexiest in the world, but this Hawthorn property has a lot of other things going for it.
There's now a tipping website, <a style="font-size: 14px; text-align: left;" href="https://www.propertytycoon.com.au/" target="_blank">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the Melbourne properties this week in round nine of the competition is <a href="https://www.realestate.com.au/property-house-vic-hawthorn+east-109300031" target="_blank">4/10 Ryeburne Avenue, Hawthorn East</a>. The Ryeburne Avenue location is tucked away in a quiet location, with Rathmines Road reserve just meters away.
The property comprises of three bedrooms and has open-plan kitchen, dining and living areas that flow into a large courtyard. It has been tightly held, with no previous sales on record.
Hocking Stuart will auction the property on Saturday and have buyers interest around the mid $900,000s.
<img src="/images/stories/ryeburne.jpg">
If you think you know what it will sell for place a tip at <a target="_blank" href="https://www.propertytycoon.com.au/">Property Tycoon</a>.
 
 
 
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Melbourne auction tipping

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A magnificent Hawwthorn brick Victorian will test the inner-north Melbourne market this weekend.
There's now a tipping website, <a href="https://www.propertytycoon.com.au/" target="_blank" style="font-size: 14px; text-align: left;">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the Melbourne properties going to auction in the final round of the competition is 39 Alfred Crescent, Fitzroy North.
Inner-northern Melbourne property does not get much better than this cracking property at 39 Alfred Crescent. The magnificent Hawthorn brick Victorian is situated in Fitzroy North’s best streets overlooking Edinburgh Gardens.
Just a five-minute walk to the village, the five-bedroom and three-bathroom family home sits on almost 750 square metres of land. It was last sold in 1993 when it fetched $725,000, and this time around agent Arch Staver from Nelson Alexander expects it to crack $3.5 million.
<img src="/images/stories/albertcres.jpg">
If you think you know what it will sell for place a tip at <a href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
 
 
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Affordability within 10kilometres of Melbourne CBD will be on offer when a Preston property goes to auction this weekend.
For those who want to have a harmless punt, there's now a tipping website, <a target="_blank" href="https://www.propertytycoon.com.au/">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Melbourne properties in week three of the competition is<a href="https://www.realestate.com.au/property-house-vic-preston-110767471" target="_blank"> 4 Youngman Street, Preston</a>.
John Petsinis from Barry Plant has suggested the property is worth $620,000 to $640,000 for the three-bedroom renovated family home on 465 square metres.
Preston is one of Melbourne’s up-and-coming areas with great transport, shopping and school infrastructure. Young families who are looking to maintain that inner-city lifestyle with a bit more elbow room are expected to be crawling all over this one.
 
<img src="/images/stories/2012/07/youngman.jpg">
If you think you know what it will sell for place a tip at <a rel="nofollow" href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
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Downsizing vendors hope to make room for the next generation as a Glen Iris property goes to auction this weekend.
For those who want to have a harmless punt, there's now a tipping website, <a href="https://www.propertytycoon.com.au/" target="_blank">www.propertytycoon.com.au</a>, where punters can guess auction five results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener.
One of the five Melbourne properties in week two of the competition is <a target="_blank" href="https://www.realestate.com.au/property-house-vic-glen+iris-110713161">64 Rosedale Road, Glen Iris.</a>
Glen Iris lies in the heart of Melbourne’s ageing population, and 64 Rosedale Road is typical of many properties we will see come onto the market in this area.
Having been enjoyed as a family home in a great location close to parks, shops and schools it is now time for the next generation to move in and enjoy everything the property and location offer.
The property has a functional three-bedroom, two-living-zone floor plan and while liveable now it would benefit from a renovation that took advantage of the massive 886-square-metre block of land.
James Redfern from Marshall White has indicated strong interest in the $1 million to $1.1 million range.
<img src="/images/stories/2012/06/rosedale.jpg">
f you think you know what it will sell for place a tip at <a rel="nofollow" href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
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<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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;

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.

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Cassidy Knowlton

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