Melbourne's dearest weekend result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The Jellis Craig price guide had been $1.42 million to $1.52 million.

It was marketed as "effortless family excellence in the McKinnon Secondary College zone."

The contemporary 2020 built home has Oak floors, stone basins, black tapware, plush carpet, a water tank, and an auto garage.&nbsp;

The ANZ price predictor REALas forecast it would sell at $1,493,000.

Melbourne's auction clearance rate was hit by high withdrawals as prospective buyers are unable to physically inspect a property given pandemic lockdowns.

CoreLogic calculated a 40 percent Melbourne success rate after these high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

Sales included 25/94-96 Cavanagh St, Cheltenham for $650,000 to a local first home buyer through Angela Limanis of Ray White Cheltenham.

The vendor couple bought their first home together in 2011 for $336,500, and recently moved within Cheltenham have been renting their unit out at $420 a week.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

Melbourne's auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.



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Modern Bentleigh East townhouse tops Melbourne weekend results

A $2.669 million sale was the nation&#39;s highest reported weekend auction result amid 476 apartment offerings.

It was an 18th floor northeast corner apartment with a 131sqm layout.

The listing came with two car spaces and storage in the security complex with a 24-hour concierge.

Its sale price bettered the prior top sale, also on the 18th floor in May, at $2,180,000.

The tightly held apartment was sold by Adam Wong at Di Jones, having last sold off the plan at $660,000 in 1999.

Two-thirds of Walker Corporation&#39;s Regency Chatswood had sold in its 1998 marketing when Walker Corp took 175 deposits in the 299-unit Regency Chatswood project.

Walker Corp&#39;s $250 million development of the residential Regency Chatswood project was on the site of the former Wallaceway retail block in the heart of the shopping centre.&nbsp;

The development is to be completed in two stages comprising a 26-storey twin tower site with 534 apartments ranging in price from $185,000 to $1 million.&nbsp;

At the time there were three other residential projects under construction in Chatswood and seven projects with 1220 dwellings having development approval.&nbsp;

Some of the bigger residential projects for sale were Meriton&#39;s Bentleigh development on Victoria Avenue and The Chelsea on Brown Street.

There were 467 apartments amid the 1,977 homes taken to auction across the combined capital cities last week, revising down from the 2,106 originally expected as a number of vendors reschedule to a later date.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

A Drummoyne apartment at 9/11 Bayswater Street sold for $878,500 at online auction on Saturday, at $118,500 above reserve through Ray White Drummoyne agents Mario and Jessica Carbone.&nbsp;

There were 10 registered bidders with seven of them active in seeking the two bedroom abode.&nbsp;

The winning bid was a first home buyer moving from the inner city.&nbsp;

The vendor had previously lived in the home before moving to Melbourne and turning it into an investment property.&nbsp;

Melbourne&#39;s auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.

CoreLogic calculated a 40 percent success rate after high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

The dearest result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The price guide had been $1.42 million to $1.52 million.

The modern security apartment was located on the 18th floor of the Regency Apartment complex


Record Walker Corp Regency Apartment, Chatswood sale tops weekend sales

A Main Beach apartment tower development site has been listed for sale.

It is zoned High Density Residential under the Gold Coast City Plan.

There are currently 12 apartments on the 1012sq m site.

The Pacific St holding has had approval since 2019 for a tower with 28 apartments each with three bedrooms.

[smartcode_project:default project_id=95606 project_image_fid=171648]

The marketing advised it was for a &quot;boutique buildings&quot;.

Colliers are currently considering offers for 47 Pacific Street.

Mangomero, the developer, had David Edelman Architects undertaken the design of the 21 storey project.

The developer is associated with the Carayiannis family in Melbourne.

The Pacific St holding has approval in 2019 for a tower with 28 apartments.

Main Beach apartment development site listed

Apartment developer Tim Gurner and wife Aimee have secured the snappy sale of their retained apartment at his Albert Place Residences project in South Melbourne.

Retained after the projects' construction completion by Crema early last year, it was listed with $4.4 million to $4.8 million price guide.

The three-bedroom 300sq m apartment, fetched more than $5 million after being on the market for only five days.

"WOOOHOOO - exciting times as our latest Penthouse sells in record time 15% higher than expected," Gurner said.

Apartment 1405/7 Bowen Crescent in the Albert Place Residences has 180-degree views over Albert Park Lake

The Albert Place sale was through The Agency’s Michael Paproth and Gurner general manager of retail sales Deborah Wiltshire.

"Congratulations to Michael Paproth for running a great process on our latest custom design penthouse at Albert Place," he added.&nbsp;

"A lot of love and care went into this special home and we are thrilled to see it go to an amazing family who can now enjoy it forever."

Paproth said&nbsp;the sale shows the strength of the high-end market.

“We launched the apartment on the Thursday and within hours we had inspections, both in person and virtual and were exchanged in a little under five&nbsp;days with competition from three&nbsp;parties,” Paproth said.

The apartment, which had been rented for $5000 per week, was bought by a local downsizing couple from their home within 3km. There had been interest from&nbsp;South Africa, the UK and Hong Kong.

Albert Place Residences has 142 apartments.

"WOOOHOOO - exciting times as our latest penthouse sells in record time 15% higher than expected," Gurner advised



Quick sale by Tim and Aimee Gurner in Albert Place

Stockland has enhanced its residential pipeline in Victoria with the purchase of 502-580 Boundary Road, Armstrong Creek for $43 million. 
&nbsp; 
It is located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, Victoria&rsquo;s second largest city.

The 30.6 hectare site will see Stockland build around 500 homes in a new masterplanned community.

[smartcode_project:default project_id=5559 project_image_fid=88244]

It marked a returned to the Greater Geelong area for Stockland which has over $2.7 billion invested in Victoria.

&quot;This acquisition in Greater Geelong is a natural expansion of our significant portfolio of popular communities in Melbourne, which are home to more than 33,000 residents,&rdquo; said Stockland&rsquo;s general manager of residential for Victoria, Mike Davis. 
&nbsp; 
Stockland will commence sales for Armstrong Creek and initial site works in early 2022. 
&nbsp;

Located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, the 30.6 hectare site will see Stockland build around 500 homes

Stockland plan 5000 homes at Geelong district's Armstrong Creek

A major infill site at Officer in Melbourne&rsquo;s south east has been sold to a local residential developer for $43 millin.&nbsp;

CBRE Victorian development sites agents David Minty, Nathan Mufale and JJ Heng sold the 12 ha Rix Road property via an expressions of Interest campaign.&nbsp;

Mr Minty said the sale reflected a record rate of $3,650,000 per hectare.

It was the first time the corner general Residential landholding had been offered for sale in 33 years.&nbsp;

&nbsp;It last sold for just $225,000 in 1988, according to CoreLogic records.

The land had been used to grow peas.

Developer YourLand, backed by one of Japan&rsquo;s biggest companies, Nippon, was successful, when edging out Satterley.&nbsp;

The Herald Sun noted the buyer had first offered the family $27m off-market last year.

The vacant site forms part of the Officer Precinct Structure Plan (PSP), which allows for 15 dwellings per net developable hectare. &nbsp;

The on-market campaign generated 18 offers from private and institutional developers, located both domestically and offshore.&rdquo;&nbsp;

The property sold following the conclusion of a second and final round when strong competition was received, including seven bids sourced via CBRE&rsquo;s Asian Services Desk. &nbsp;&nbsp;

A capital allocation totalling over $500 million was received as part of the first round of offers.&nbsp;

The sale price achieved was $11,000,000 above the vendor&rsquo;s reserve and represented a 26% uplift between the first and second rounds.&nbsp;

&ldquo;We&rsquo;re experiencing strong demand from developers looking to secure development pipelines in this region, which is unlikely to be satisfied in a market which is very short on appropriately zoned or earmarked landholdings,&rdquo; Mr Mufale added.

The YourLand real estate division of Nippon Telegraph and Telephone also owns Rix Road Project in the growing suburb, Officer.&nbsp;

The sale price achieved was $11m above the vendor’s reserve 

South east Melbourne residential development site sells for $43 million

A 865 sqm development site, known as The Premiere has been listed for sale in Surfers Paradise.&nbsp;

Located at 71 Garfield Terrace, it offers 20 metres of direct beach frontage.

It is currently an under-developed eight-storey, six-unit apartment building with potential to become a taller residential tower.

The 865sqm development site is situated within a designated regional urban footprint where there are no maximum restrictions on building heights.

CBRE agents Mark Witheriff and Rem Rafter have been appointed by the owner Mick Power, chairman of BMD to manage the expressions of interest campaign, closing September 15.&nbsp;

&ldquo;With CBRE having recently negotiated the successful sale of the neighbouring 1500sqm site for $30 million, I&rsquo;m confident we will achieve a great result,&rdquo; Power said.

The Premiere will give the incoming purchaser a significant holding income, while approvals are being sought for the future development of the site.&nbsp;

The site is positioned close to the Star Casino, Cavill Avenue precinct, the luxury $1billion Jewel development, Q1 residential tower, and offers easy access to the Gold Coast light rail system.&nbsp;

CBRE has been appointed by the owner Mick Power, chairman of BMD

Surfers Paradise highrise apartment tower develpment site listed

Around $7m has been paid for an off-the-plan penthouse at Mt Buller, the Victorian ski resort.

The 350 sqm penthouse is set for the Timbuktu ski apartment complex which is scheduled for occupation for the 2023 ski season on the edge of the popular Bourke Street ski run.

It is being done by the developer Headland Properties with the sale through John Castran.

It has five bedrooms, four bathrooms and two car parking plus ski in, ski out access.

There had been a $5.5 milllion prior sale elsewhere on Mt Buller six months.

The triplex apartment will be constructed above the existing 10 year old two-level Timbuktu development in Mt Buller.

The apartment below Catalano’s has also been sold for about $7 million. The third apartment is listed at $6.5 million to $7 million.

Catalano plans to add the penthouse to his growing collection of hotels and villas collection headlined by the Raes at ­Wategos boutique hotel at Byron Bay.

Catalano, in partnership with Melbourne property developer Josh Mantello, is developing a 14-room hotel known as Raes Bali, Seminyak.

Catalano told The Australian he and his family had stayed at Timbuktu for the past four years.

Luxury resorts operator Antony Catalano has paid almost $7 million for the 350 sqm penthouse 

Around $7 million paid in two off the plan Mt Buller skifields apartment sales

First home buyer purchasing has contributed to the current low supply and high demand dynamic, according to CoreLogic.

"First home buyer activity creates additional housing demand without adding new advertised stock to the market," reseacher Eliza Owen said.

First home buyer loans recently peaked at 16,260 in January 2021, which is almost double the series average of monthly first home buyer loans activity.

"First home buyer purchases would go a long way in explaining the current supply and demand dynamic. 

"This is because owner occupier purchasers who already own property would presumably list their existing home around the time they are purchasing a new one."

Activity was distorted by incentives for first home buyers in 2020 that saw the introduction of multiple first home buyer incentives, from the first home loan deposit scheme before the pandemic, to various state-based grants and concessions, along with incentives for the purchase/construction of new or off the plan property.

Though first home buyer loan commitments have trended lower since January,  they remained 58.8% above the series average through June.

Owen noted in the same way that first home buyer purchases increase demand without adding to supply, investor purchasing activity has also trended higher since mid-2020. 

Unlike first home buyer activity, investor purchases are not slowing down, she noted.

Through June, there were 18,625 secured home loans for investor property purchases, which is a 74.8% increase on commitments in the same month of 2020.

Increased buyer demand has stemmed from continuously falling mortgage rates, the report advised.

Mortgage rates are one of the most important determinants of housing demand, and in the current climate, where GDP is once again expected to decline, the RBA will likely facilitate a low rate environment for longer, Owen said. 


First home buyer loans peaked at 16,260 in January 2021, which is almost double the monthly average. 

First home buyers prompt pressure on listings

There has been a $2.24 million sale in the Q1 tower at Surfers Paradise.

The sale at 7001/9 Q1, Hamilton Ave, Surfers Paradise to a local buyer was the highest in the tower in three years. 

The three bedroom sale was secured by Hanan Cawley of Harcourts Coastal.

It was the apartment's first sale since sold in 2003 at $2.32 million off the plan in the 2005 building.

It has 319sqm space on the 70th floor of the Q1.

Apartment 7202/9 Hamilton Avenue was the last big sale when sold at $2.68 million in 2018. The four bedroom sub penthouse had previously sold at $2,500,000 in 2014; $2,750,000 in 2008 and at $3,400,000 in 2005.	

The $2.4 million sale was secured by Hanan Cawley of Harcourts Coastal


Q1 Surfers Paradise sees highest priced sale in three years

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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