A $3.7 million sub penthouse in Liberty Panorama at Main Beach topped SEQ&#39;s sales results.

Ray White secured the sale of 2242/1 Lennie Avenue, Main Beach after just 34 days on market.

With 352 sqm space internal and external, it is three bedrooms, two bathrooms plus two car spaces and storage taking its space to over 400 sqm.

Set on the 24th floor of Liberty Panorama, its 270-degree views take in Broadwater, Marina and Pacific Ocean with its north-easterly aspect.

There are just the two apartments on the level.

There are resort-style leisure facilities with its tropical grounds having an 80m lagoon pool.

There is also an indoor heated lap pool, sauna and steam rooms, gymnasium and floodlit tennis court.&nbsp;

The apartment was last sold by its developer Mirvac at $1.3 million in 2001.

The sub-penthouse at 2242/1 Lennie Avenue, Main Beach sold for $3,700,000

jchancellor-FAypfDUnLy

$3.7 million Mirvac-built Main Beach sale tops SEQ's weekly apartment sales list

A $4.35 million sale in Parkville topped Melbourne's sales of townhouses and apartments over the past week.

It was a four bedroom, five bathroom abode featuring four levels of luxurious living with stone finishes, high-end European appliances, four-car garage, wine library, internal lift and top-level glass sky-roof that retracts to an expansive rooftop terrace.

The sale advisory came from Carlo Lorusso at In2realty Carlton.

The sale was in the award winning complex at 535 to 541 Royal Parade designed by the architect Koos de Keijzer from DKO Architecture.

The project won the the Small Scale Development of the year award at the Urban Development Institute of Australia (UDIA) Awards for Excellence in 2020.
 
It was a collaboration between DKO Architecture and interior designer Sue Carr of Carr Design Group and landscape architect Jack Merlo.

The 20 residence development was undertaken by Oliver Hume Property Funds.

Launched in 2016, Parkville by Oliver Hume was completed in late 2019 located on a site bounded by Royal Parade, The Avenue and the Capital City Trail.

Melbourne's next priciest sale advisory was $2 million for a two bedroom warehouse style apartment at 15/93 Oxford Street, Collingwood through Jellis Craig.

It came with a rooftop terrace in the historic Foy & Gibson precinct.

The 535 Royal Parade residence features four levels of living, plus individual rooftop terrace.

$4.35 million Oliver Hume-built Parkville townhouse sale tops weekly sales

The $5.15 million sale of a Pyrmont apartment topped the weekly sales of apartments and townhouses across the nation.

The three bedroom, three bathroom 265sqm penthouse in the Winten-built Watermark Pavillion on Point Street was designed by Arent and Pyke.

It has views across the harbour towards the harbour bridge and city skyline with a north east aspect.

The complex at 24-26 Point Road has resort facilities including a 25 metre lap pool and gym.

"It was truly a one off opportunity for the discerning luxury buyer," said selling agent James Crow at Morton & Morton Real Estate. 

It last sold at $3 million in 2014.

The next priciest sale was $4,565,000 for a three bedroom apartment at Freshwater through Clarke & Humel.

The penthouse is in a late 1970s block of five at 69 Undercliff Road.


The top selling penthouse was designed by Arent and Pyke

$5.15 million Winten-built Pyrmont penthouse tops weekly apartment sales

The Oxley, a proposed 12-storey residential tower site at Nobby Beach, has been listed for sale after failing to secure council approval.

Gold Coast developer Daniel Veitch has decided not to proceed with pursuing approval for the plans he unveiled mid-year for the 88 O​xley apartments.

Veitch is selling to focus on other high end residential projects, including Laani at Mermaid Beach.

Half of the units were set to be allocated for short term accommodation.&nbsp;

The Oxley was a proposed two-storey arched retail podium with an eight-storey residential unit tower, taking inspiration from the former nearby iconic Pink Poodle Hotel.

It is a 2406sq m site at 2217 Gold Coast Highway with plans by BDA Architecture with a &ldquo;subtropical&rdquo; theme. 
&nbsp; 
The consolidated site cost $14 with the 1925 sqm block that fronts the Gold Coast Highway and Lavarack Road costing $11 million in January last year.

The council had advised the developers it would have to be redesigned at permissible levels before its assessment could continue with the State Assessment and Referral Agency (SARA) currently still reviewing the development application. SARA has received a request to extend the relevant period for fresh documentation from the developer until February 2022.

The site comes with current approval for a three storey complex, with a new retail village and A-grade office space.

The application came with insights from Think Economics that the estimated residential population of the local area in 2019 was 13,241, growing by an average of 202 people per annum, or less than 30% of the forecast rate of growth for the suburb.

&quot;There is an existing and increasing undersupply of residential product on the Gold Coast,&quot; it suggested.

CBRE agent Daniel Doran is taking offers until December 3.

Gold Coast developer Daniel Veitch had unveiled his ambitious plans earlier this year

The Oxley, Nobby Beach apartment development site listed for sale

Avid Property Group has purchased a 41ha site north of Brisbane from ASX-listed company CSR.

The former Warner quarry is expected to provide 400 residential blocks with construction to begin in 2023.

Colliers sold the site for about $30 million.

The 107-109 Kremzow Road site joins the group&rsquo;s 12 other residential communities in Queensland.

Avid has delivered $2.6 billion worth of projects over the past 13 years, with its current portfolio including more than 14,300 residential blocks with a gross revenue pipeline of $4.9 billion.

To keep up to date with the development and its launch, enquire here

With 38 projects across the eastern seaboard, AVID has a diverse mix of developments, including masterplanned communities, completed homes and apartments.

AVID general manager Queensland Bruce Harper said the new site strengthened its Queensland portfolio and ongoing pipeline of land in the region.

&ldquo;We&rsquo;ve had considerable success in the Moreton Bay region, with three of AVID&rsquo;s communities in the area selling out this year &ndash; more than six months ahead of their anticipated timeframe &ndash; a clear indication that this region is highly sought after and supply constrained,&rdquo; Mr Harper said.

&ldquo;The region is recognised as one of South East Queensland&rsquo;s strongest growth areas and provides home buyers with excellent connection to major transport networks, an array of employment opportunities and a number of education options.

To keep up to date with the development and its launch, enquire here

&nbsp;&ldquo;Home buyers are beginning to realise there is no longer a need to pay top dollar for a tiny block on the fringe of Brisbane&rsquo;s CBD and can instead live in the outer suburbs and have a better lifestyle, a modern and new home, and still be connected to work, schools, shopping and entertainment.

Avid chief executive Cameron Holt said the acquisition formed part of AVID&rsquo;s ambitious growth strategy and aligned with the business&rsquo; core focus of operating in key growth corridors across Australia&rsquo;s eastern seaboard.

&ldquo;We&#39;ve made no secret of our appetite for growth and this site strengthens our future pipeline in what is a supply constrained market,&rdquo; Mr Holt said.

The new site joins the group’s 12 other communities across Queensland

Avid Property Group secure Warner house and land site

The Greenland Centre Sydney, which doubled the height of the previous Water Board office building, ranked among the winners at the Urban Taskforce's Development Excellence Awards.

The 68 storey apartment project won the High-Rise Residential Development City award for Greenland with the jury impressed with the clever balcony glazing system as well as the inclusion of the 2,000 square metre Creative Hub for the City of Sydney.

When it came to mid-rise apartments the winner of the Mid-Rise Residential Development City award was Aqualuna by Ceerose and Peakstone for their streamlined 9 storey building overlooking Sydney Harbour not far from Luna Park. 

The flowing shapes by architect Koichi Takada reflect the flowing nature of the water in the adjacent harbour, the judging panel noted.

“The High-Rise Residential Development Metro award went to Sekisui House’s Landing (Stage 1of Sanctuary) at Wentworth Point with its terra cotta cladding and the nature inspired landscaping including a water park.”

“There were a number of high quality Master-planned Communities entered this year and the jury selected Fairwater by Frasers as this year’s winner in this category,"  Urban Taskforce chief executive, Tom Forrest said.

The winner of Urban Taskforce Australia’s Development of the Year 2021 is the iconic Crown Resorts Limited for the Crown Sydney Hotel Resort.

“Crown Resorts have built a new Sydney landmark. It’s design is striking. It is an innovative example of mixed-use development which, in part, resulted in the restoration of the foreshore area as a fantastic public open space.

“Barangaroo is the most exciting place in the City of Sydney right now and the Crown Resorts building is its shining icon. It is indeed a worthy winner of the Urban Taskforce Development Excellence Awards."

The chair of the judging panel for the Urban Taskforce was former NSW Government Architect, Chris Johnson. 

“The Awards attracted a large number of quality submissions with many winners being major catalysts for urban development” Chris Johnson said.

"The jury was unanimous in selecting Crown Sydney Hotel Resort as the Development of the Year for 2021. This tall, elegant building has added a major destination to the Barangaroo urban renewal area. The project has had to battle some negative publicity but Crown Resorts have focussed on ensuring the building and its surroundings are delivered at a high quality level.

"The development adds a waterfront public domain along with many quality restaurants, a high-end hotel and apartments that have brought a bustling activity to the precinct. 

"The architecture, by Wilkinson Eyre, is striking when seen from so many parts of Sydney and adds to the high-rise character that defines Sydney’s urban form."

Gibbons Street housing by St George Community Housing (SGCH) won the Affordable Residential Development award with its 18-storey apartment building with 162 homes. 

The best Low-Rise Residential Development was Grande, Pyrmont Bay Estate by TWT Property Group.

The best Mid-Rise Residential Development Metro was Bottlebrush, Schofield Gardens by Aland Developments.

The Urban Taskforce Australia is a property development industry group, representing Australia’s most prominent property developers and equity financiers.


Urban Taskforce has announced its development excellence awards 

Aland, Sekisui, Meriton, Frasers, Ceerose and Greenland rank among the best NSW residential builders

From 1 November 2021, short term rental properties located in NSW must be registered on the NSW Government STRA register.   

This includes residential accommodation such as houses, units and terraces across Sydney and the regions.     
 
From 1 November 2021, letting agents including stayz and airbnb must not advertise STRA premises unless it is registered on the NSW STRA register.

A registration number must be displayed with the rental details of the premises.  

The new state-wide STRA policy will not apply in the Byron Shire LGA until 31 January 2022, when after this date, the council specific STRA provisions will apply, including a maximum of 180 days per year for non-hosted STRA.
 
Non-hosted STRA can occur for up to 180 days within certain land of the Muswellbrook and Clarence Valley local government areas. 

The STRA register is run by the Department of Planning, Industry and Environment. 

The new requirements are part of a regulatory framework which includes  a mandatory  Code of Conduct that started in  December 2020.

The  Code  of Conduct was  introduced to better manage and address antisocial behaviour.

The Australian Short-Term Rental Association (ASTRA), estimates up to 80,000 short-term rentals are available in NSW with 50,000 listed on websites.

All short-term rentals in NSW must meet new fire safety rules from March 2022.

New planning laws for short-term rental accommodation (STRA) bring new obligations  for  booking platforms, hosts, letting agents and guests

NSW short term accomodation landlords must register 

The NSW Government hopes its new Strata Hub system will be live from next May.

The hub is intended to be a central access point that will make it easier for buyers and owners in residential strata buildings to get the information they need. 

The Hub will require strata schemes to provide key information about their scheme to Fair Trading who will provide the information on a portal for easy access.

It will also allow NSW Fair Trading to better monitor strata buildings’ ongoing maintenance and defect management to ensure duties are being upheld and the safety and amenity of strata buildings is preserved.

The aim is that owners and buyers within NSW strata schemes become aware that maintenance of the scheme is not neglected.

The government viewed the information repository as "increasingly important as the uptake of strata living in NSW increases while key information about strata schemes remains hard to find or unavailable."

The NSW Government passed reforms to the Strata Schemes Management Act 2015 in March 2021 to enable an annual reporting scheme to be established through the regulations.

"It is important to note that access to information in the Strata Hub will not replace the need for people who are looking to buy a strata property to perform their due diligence enquiries," the department's latest update advises.

It is anticipated that owners corporations that do not provide their annual report within the allotted time from 2022 can be fined a maximum of $5,500.

Fair Trading will hold some information for compliance purposes only be seen by Fair Trading and other regulatory authorities such as the insured replacement value of the scheme, the balance of the capital works fund.

The NSW govenment issued an explanatory paper last month seeking feedback on its implmentation.

The Department of Customer Service (DCS) is now seeking public feedback on the Information Regulation, available on the NSW Government’s Have Your Say website: www.haveyoursay.nsw.gov.au/strata-report.

Following the feedback, it is anticipated that the final Information Regulation will be published in December 2021.
 
The Hub forms a part of the NSW Government’s broader transformation of the regulation of residential apartment buildings where transparency and better outcomes for consumers are paramount across NSW’s 83,000 strata schemes.

The Strata Hub is being opened in phases with phase one of the Strata Hub, the Strata Building Bond and Inspections Scheme (SBBIS) function going live in July 2021. 

The SBBIS requires developers to pay a two percent bond on newly constructed multi-story strata developments, which can then be used by owners corporations to fix defects. 

Moving the SBBIS into the Strata Hub has been the first step.




The Strata Hub forms a part of the NSW Government’s transformation of the regulation of residential apartment buildings seeking transparency and better outcomes for consumers

NSW Strata Hub scheme to start May 2022

A 78 hectare former horse stud within the Officer South Employment PSP has just hit the market with $60 million plus price expectations.

It borders the Clyde North and Officer growth precincts, set opposite Mirvac’s $1.5 billion Smiths Lane project which is set to deliver a new town centre along with 3,600 homes.
 
"Some of Australia’s most noteworthy developers are undertaking major master planned communities within the area, including Mirvac, Stockland, Frasers, Dahua, Dennis Family and Satterley," Julian Heatherich, director, CBD and Metropolitan Sales at Savills Australia noted.

“Once a predominately farming area, Cardinia & Casey is being transformed by major population growth, driven by young families looking to secure property in what is regarded as one of Victoria’s best growth locations.

“Demand has seen record price growth in Lot sales in Officer and the surrounding growth areas of Clyde, Cranbourne and Pakenham” he said.

Colin Tarlamis, Director, Industrial & Logistics of Savills Australia said the employment site is well-serviced by transport linkages with easy access from the site to the Princes Freeway.
 
“With an on and off ramp currently under construction for the South Officer Road and Princes Freeway intersection, the site will enjoy easy connectivity to Melbourne’s arterial road network”.
 
Offers close December 3.
 
Benson Zhou, director, CBD and Metropolitan Sales of Savills Australia noted the current median house value in Officer is $709,960, representing a leap of 62% in five years.

“The Officer, Clyde and Clyde North precincts are set for some of Melbourne’s most aggressive growth in population and development in the coming 20 years with an increase of 96,000 people and 48,000 new homes."

The Officer South Employment precinct is located 45km southeast of Melbourne’s central business district within the municipality of Cardinia. The precinct covers about 1069 hectares, bound by Cardinia Creek to the west, the Princes Freeway to the north, Lower Gum Scrub Creek to the east and the Urban Growth Boundary to the south.

The Victorian Planning Authority (VPA) is leading the preparation of a structure plan for the Officer South Employment Precinct, working in partnership with Cardinia Shire Council, State government agencies and service authorities to help determine the mix of large and heavy, light industry, mixed use, activity centre and residential.

Its mixed use precincts are anticipated to see 4-6 storeys, adjacent to areas of high amenity with after hours recreational spaces.

The housing diversity is set to include smaller town houses and apartments and affordable housing opportunities, with less car reliance in a 20-minute neighbourhood.

After a draft plan has consensus with government agencies, the plan will be publicly exhibited for comment.

The property at 425 Officer South Road, Officer South is located in a high residential growth area

Developers offered $60 million plus employment precinct site  at Officer South

The inner north Fitzroy, Carlton and Fitzroy North topped the list of Melbourne&rsquo;s top 50 most liveable suburbs.

They all scored 9.8 to top the list given connectivity and proximity to facilities such as public transport, healthcare services, shopping outlets, schools, parks, and walkability.

But there are more affordable suburbs within the top 50 list.

The system, using geospatial data from proptech firm propella.ai, measures the connectivity of a local area in relation to a range of amenities located within a 20-minute walk.

[smartcode_project:default project_id=5502 project_image_fid=155332]

CoreLogic&rsquo;s Head of Data Products James Vaughan said the liveability score featured on the onthehouse website was a valuable insight to help buyers and renters assess various locations when looking for a property.&nbsp;

&ldquo;Liveability has been identified as a key factor in determining the appeal of an area, and providing these insights to users is designed to help them make more informed decisions, amongst many other factors, about where to buy, rent or invest,&rdquo; Mr Vaughan said.&nbsp;

According to propella.ai&rsquo;s liveability ratings system, Melbourne&rsquo;s top 50 most liveable suburbs range in score from 7.8 for Preston in 50th spot in the city&rsquo;s north.

Heidelberg and Essendon were at 7.9 where there are a number of developments on the market under $400,000 including Cultivate, at Heidelberg West by Kincaid Projects

[smartcode_project:default project_id=628 project_image_fid=178988]

Situated on the fringe of Melbourne&#39;s top hospital precinct, minutes from La Trobe University and at the quiet, tree-lined end of Bell Street, the development features 146 apartments across two towers.

Due North, Preston by Caydon Property has one-bedroom apartments from $352,000 at 70-82 High Street.

Climbing 12 levels and comprising 107 apartments, Due North is a new fur-friendly apartment complex.

According to propella.ai’s liveability ratings system, Melbourne’s top 50 most liveable suburbs range in score from 7.8 for Preston in 50th spot in the city’s north

Affordable apartments in the most liveable suburbs of Melbourne

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]

Jonathan Chancellor

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