There were 2,734 properties for rent in Perth at the end of July, according to reiwa.com data.&nbsp;

Listings for rent have increased 13 per cent since the height of the rental shortage in December 2020.&nbsp;

&quot;Although there is still a rental shortage, this is an encouraging trend that needs to continue to achieve a balanced market,&rdquo; Damien Collins said.

The five suburbs to record the biggest increase in rental listings during July were Bayswater, Mount Hawthorn, Halls Head (photographed), Ascot and Bassendean.

&quot;The increase in listings since January reinforces that investor confidence is slowly starting to return,&quot; he noted.

[smartcode_project:default project_id=26734 project_image_fid=153695]

&quot;This is also backed up by Australian Bureau of Statistics data which shows investor loan approvals in Western Australia increased to $498 million in May 2021, which is 10 per cent more than April 2021 and 209 per cent more than May 2020.&nbsp;

&ldquo;We still have some way to go before we get back to a balanced market, but the early signs are good.&quot;Perth rental market

Perth&rsquo;s median rent price was stable in July, holding at $425 per week.

&ldquo;Although the Perth median rent price has increased over the last year, we are still $25 cheaper than the peak median rent price of $450 per week in 2013 and 2014.

[smartcode_project:default project_id=7864 project_image_fid=142661]

&quot;It&rsquo;s reassuring for tenants that the rate of growth has slowed since the end of the rental moratorium.

Leasing activity increased 0.3 per cent in July and is up 7.1 per cent compared to April.&nbsp;

Victoria Park saw the biggest increase in leased properties, with activity up 71 per cent in July compared to June.&nbsp;

Other suburbs to perform well were Maylands (up 63 per cent), Piara Waters (up 50 per cent), Balga (up 50 per cent), Dianella (up 40 per cent) and Southern River (up 38 per cent).

The five Perth suburbs to record the biggest increase in rental listings during July were Bayswater, Mount Hawthorn, Halls Head, Ascot and Bassendean

jchancellor-FAypfDUnLy

Perth rental shortage eased in July: REIWA

The NSW Government is creating greater protection for consumers from defective building work by moving the Strata Building Bond and Inspections Scheme (SBBIS) online.

Under the SBBIS, developers are required to pay a bond equal to two percent of the building contract price to NSW Fair Trading for newly constructed multi-story (4 levels and higher) strata developments.&nbsp;

The building bond adds another layer of protection for strata owners, providing money to cover the cost of rectifying early defects that are not fixed by the developer. 
&nbsp; 
Minister for Better Regulation and Innovation Kevin Anderson said moving the process online from July 31 is the first step in the NSW Government&rsquo;s new digital data hub and will take the scheme to the next level by removing paper forms, making the process simpler and allowing everyone involved to easily follow progress on claims and inspections.

[smartcode_project:default project_id=100811 project_image_fid=162900] 
&nbsp; 
&ldquo;The Strata Building Bond and Inspections Scheme currently holds more than $66.5 million in building bonds,&quot; Mr Anderson said.

&quot;That is money that can go straight to owners corporations to fix building defects without them needing to go through expensive, complex and lengthy legal claims,&rdquo; Mr Anderson said.&nbsp; 
&nbsp; 
&ldquo;Moving the SBBIS online means that everyone knows what&rsquo;s happening so we can get through the process quickly, making life simpler and easier for strata owners in NSW. 
&nbsp; 
&ldquo;The NSW Government has embarked on revolutionary reform in the construction sector to better protect new apartment owners, and make regulation more efficient and transparent.

[smartcode_project:default project_id=32227 project_image_fid=93954] 
&nbsp; 
&ldquo;Taking the SSBIS online is an important innovation that will enable Fair Trading to oversee the process digitally, freeing up capacity so it can focus on high-risk compliance matters.&rdquo; 
&nbsp; 
Minister for Digital and Customer Service Victor Dominello said digitising the SSBIS will play a pivotal role in strengthening trust and confidence in the building industry. 
&nbsp; 
Building inspectors will be able to download a free &lsquo;SBBIS Inspect&rsquo; app that will enable them to log defects and add photos or video evidence to their reports in real time during onsite inspections. 
&nbsp; 
The SBBIS digitisation is one of the first stages in the development of a new Strata Hub to support strata management in NSW and drive building industry reform as part of the Construct NSW transformation strategy.

Digitising the SSBIS will play a pivotal role in strengthening confidence in the building industry

NSW Strata Building Bond and Inspections Scheme (SBBIS) goes online

A Lithgow land parcel with 78 residential building lots has been snapped up by the ASX-listed Maas Group Holdings.

It intends to undertake a residential development at the site, some 140kms west of Sydney.

The 33.12 hectare property at 33 Magpie Hollow Road in South Bowenfels, on the western outskirts of Lithgow.

It was sold for $8.4 million in a deal negotiated by Mark Litwin and Grant Bulpett of Knight Frank.
 
It was sold by a family, who were long-time owners of the property.

“It is expected demand for this development will be high as we have seen a strong ‘flight to country’ develop through COVID, with people increasingly looking outside of the CBD and metro markets for new places to live that will provide a more relaxed lifestyle," Bulpett said.

He added the purchase was "strategic" given the recently announced investigation into an 11- kilometre Blue Mountains tunnel, which would provide better access to the Lithgow area by reducing travel times.

“Increased links to and from markets will always drive value,” he said.

The 33 hectare property was sold by a family to the ASX-listed Maas Group Holdings

Maas Group buy Lithgow district residential development site

Peter Bartholomew has listed his 10th floor Melbourne CBD apartment in the 51 Spring St tower.

It is a whole floor in the complex designed by the architect Nonda Katsalidis in a late 1990s office conversion.

Expressions of interest for the apartment close August 9.

Colliers has the listing in conjunction with Marshall White who advised buyers the apartment in the heart of Melbourne&#39;s Paris-End had never been publicly available for sale.

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It comes with a yoga room, wine cellar and a library.

There are west, south, east and north-facing terraces with views including Parliament House, the Royal Exhibition Building, the Old Treasury and Fitzroy and Treasury gardens.

The listing notes &ldquo;51 Spring St is one of Melbourne&rsquo;s most tightly held and desirable addresses.&quot;

It is a 22-apartment complex.

The last known whole floor offering fetched $5.5 million in 2016, with 400sqm space, which sold through Kay &amp; Burton agent Monique Depierre, which first sold at $1.1 million in 1998.

Bartholomew has been behind several local restaurants through the years including MoVida, Lee Ho Fook and Rosa&rsquo;s Canteen.

 
&nbsp;

Colliers has the Spring St listing in conjunction with Marshall White


Melbourne restaurateur Peter Bartholomew lists CBD apartment with $7.5m plus hopes

A Southport, Gold Coast development site - once planned for a 47-level tower - has sold at auction for $6 million.

It was bought by an undisclosed Gold Coast investor.

The 2430sq m site is at 114 Scarborough St, on the corner of Hicks St.

The receivers listing was sold by Colliers International who had five bidders compete.

It fetched above price expectations.

&ldquo;Sales activity for high-density-zoned development sites in Southport has been relatively subdued this year compared to the rest of the Gold Coast market,&quot; agent Steven King said.

<a href="/developments/gold-coast-qld?source_news_article_id=107244&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_1.png" width="1200" /></a>

&ldquo;While sites in southern beachside markets continue to attract record prices, this sale demonstrates that Southport has begun its development site rebound,&rdquo; he told the local paper.

The vacant site is within Southport&rsquo;s designated Priority Development Area.

It was reported that a NSW-based company and Chinese investors had previously planned a 47-level apartment/hotel tower.

The DA approval was for a 47 level tower comprising of a 225 bed hotel and 264 (1, 2 and 3 bed) apartments

The site had cost $7.65 million, The Gold Coast Bulletin reported.

The site borders the Gold Coast City Council&#39;s recently proposed &quot;Towers Of Power&quot; government and court precinct, a proposed $300 million development. 
&nbsp;

Sales activity for high-density-zoned development sites in Southport had been relatively subdued compared to the rest of the Gold Coast market

Southport, Gold Coast apartment development site sells for $6 million

ID_Land has bought a residential house and land site north-east of the Gisborne town centre.

It paid $100 million for the mixed-use site, billed as the last big development parcel in the expanding country town about an hour north of Melbourne, according to the Australian Financial review.

The three title site has 266 hectares near the Rosslynne Reservoir off the Calder Freeway.

Its 86-hectare lot on Ross Watt Road is zoned for residential use and tipped to yield about 718 housing lots, which will assist the developer restock after bumper sales over the past year.

The 174 hectare cattle farm at 9 Lawson Road could be divided into 40-hectare rural lots.

A 5.7-hectare lot on Black Forest Road is suitable for a single dwelling or hobby farm.

The vendor was the Barro Group, a supplier and distributor of pre-mixed concrete and quarry products.

It was sold by Biggin &amp; Scott Land who considered offers from Satterley, Avid, YourLand and Metro Property Development to acquire the site.

ID&mdash;Land&#39;s acquisition follows its 2019 launch of its $250 million Willow Estate on the other side of Gisborne.&nbsp;

It now has a $2.5 billion project pipeline including sites along Barwon Heads Road in Armstrong Creek, south of Geelong, to be called Haymont, with more than 400 lots.

ID_Land has bought 266 hectares of rural and residential land north-east of the Gisborne town centre


ID_Land expands residential land offering near Gisborne

Construction will resume after the July lockdown in Greater Sydney including the Central Coast, Blue Mountains, Wollongong and Shellharbour with new COVID protocols to be introduced to keep workers and worksites safe.

Deputy Premier John Barilaro advised construction can resume on Saturday, 31 July, with safety measures such as controls on movements between sites, reduced contact between workers within sites, improved tracing capability and a focus on encouraging workers to get vaccinated.

&ldquo;Works in occupied premises including residential homes can also resume from this Saturday where there is zero contact between workers and residents,&quot; he saaid.

There will be a limit of up to two workers for indoor services and five workers for outdoor services, and works will only be possible where it is feasible for residents to vacate the area. If contactless arrangements are not possible, work cannot go ahead.

<a href="/developments/sydney-nsw?source_news_article_id=107111&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_11.jpg" width="1200" /></a>

&ldquo;Unfortunately, construction will not resume in the eight LGAs of concern &ndash; Fairfield, Blacktown, Cumberland, Campbelltown, Canterbury-Bankstown, Liverpool, Parramatta and Georges River Local Government Areas.

&ldquo;However, businesses in those LGAs which are part of the construction supply chain will be permitted to operate. Construction supply chain workers will be added to the authorised workers list and will be allowed to leave their local area for work, subject to meeting COVID-19 surveillance testing requirements. This includes workers engaged in manufacturing of construction materials, plant and components.

&ldquo;I can also announce that as part of our plan to reopen construction, worksites will be able to operate on Sundays and public holidays for the remainder of the year, up until Christmas, to make up for any time lost.&rdquo;

Treasurer Dominic Perrottet said the required construction COVID-19 safety plan builds on the COVID safe measures already in place at many worksites, but we&rsquo;re now applying that consistently right across the sector.

&ldquo;We have worked with the industry over the past two weeks to get the right outcome and I would like to thank the sector for their constructive engagement. I would also like to acknowledge the willingness of the industry to take the lead in trials in the application of Rapid Antigen Testing and local vaccination services at sites, consistent with guidance from NSW Health.&rdquo;

A defined list of preparatory works may commence on worksites from tomorrow to enable sites to reopen safely, with limited workforces on site to ensure COVID safe measures are in place, that equipment and plant can be restarted safely and that all utilities are in order.

Construction will resume in Sydney on Saturday, 31 July, with safety measures 

Sydney apartment sites permitted to resume construction in August

The ALP has dumped the controversial tax policies it took to the 2016 and 2019 elections.

Opposition Leader Anthony Albanese announced the retreat while campaigning in Queensland yesterday.

He advised the Labor caucus had agreed to dump the negative gearing and capital gains tax policies it had under Bill Shorten&#39;s leadership.

The tax measures would have likely affected homeowners, investors and property prices. They had been pitched as policies to improve housing affordability.

The policies unsettled property investment especially in the months prior to the May 2019 election.

&ldquo;They&rsquo;re big decisions, but this is the right decision that we&rsquo;re making today,&rdquo; the shadow treasurer, Jim Chalmers said.

[smartcode_project:default project_id=100322 project_image_fid=163036]

The decision was taken by the shadow cabinet on Monday morning, and then put to an online meeting of the caucus.

Labor initially proposed cutting negative gearing concessions in February 2016, which became one of the major policy differences with the Turnbull Government at the 2016 election.

Then Prime Minister Scott Morrison attacked Labor when it stuck with the policy in the 2019 election.

Danielle Wood, the chief executive of the economic think tank the Grattan Institute, condemned the policy&nbsp;shift.

&ldquo;If you can&rsquo;t sell a popular policy on negative gearing (majority support at the time of the last election), when house prices are rising rapidly and the budget is in massive structural deficit, then what hope does Australia have for any difficult reform?&rdquo;

[smartcode_project:default project_id=5490 project_image_fid=78497]

The Greens leader Adam Bandt blasted Labor&rsquo;s retreat as &ldquo;the sell-out of the century&rdquo;.

The Real Estate Institute of Australia (REIA) welcomed the Leader of the Opposition&rsquo;s announcement that Labor will support the status quo for negative gearing and capital gains tax should they form government. 
&nbsp; 
REIA President, Adrian Kelly noted ATO data shows that that the majority &ndash; just over 70 per cent &ndash; of investors own just one investment property. 
&nbsp; 
&ldquo;Continuing to support successful tax settings that encourage investment and has assisted investors throughout the COVID-19 pandemic is most welcome in a time of great uncertainty. 
&nbsp; 
&ldquo;We also do not want CGT to become overly punitive and disincentivise and discourage households from rightsizing.&quot;

Anthony Albanese announced Labor caucus had agreed to dump the negative gearing and capital gains tax policies it took to the last two elections

Labor dumps Bill Shorten's negative gearing policy

Sydney dwelling prices will rise 21.6 percent, the highest predicted growth rate on the mainland, according to revised NAB forecasts.

NAB has forecast Sydney in 2021 will then see a 3.1 per cent rise in 2022.

The National Australia Bank&rsquo;s latest quarterly residential property survey forecast Brisbane will secure the second highest dwelling price growth on the mainland.

It is forecast Brisbane will see a 19.5 per cent rise in 2021 and a 4.4 per cent rise in 2022, the strongest market next year.

<a href="/developments/brisbane-qld?source_news_article_id=107021&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_brisbane_7.jpg" width="1200" /></a>

Melbourne will jump 17.6 per cent by the end of 2021, which was a 1.4 per cent rise on their prediction in April. There will be 3.5 percent Melbourne price growth in 2022.

All three major capital cities have followed the same pattern.

&quot;We have revised up our outlook for dwelling prices in 2021 and slightly lowered our expectations for 2022 to now 18.5% and 3.6%, respectively,&quot; NAB&#39;s Alan Oster said.

<a href="/developments/sydney-nsw?source_news_article_id=107021&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_sydneycbd_1.png" width="1200" /></a>

&quot;Faster than expected outcomes in recent months see a higher starting base, and while we see a slowing in the monthly pace of growth from here, we still see solid growth over the next 6 months.

&quot;The upgrade to our forecast is relatively uniform across capital cities.&nbsp;

&quot;The better than expected recovery in the economy and labour market alongside very low interest rates has supported the strong rebound in the property market.&nbsp;

&quot;Affordability constraints will likely begin to bind over the year and see a slowing in price growth as the impact of lower rates fades,&quot; he said.

Hobart was tipped to see the fastest growth at 23.5 per cent in 2021 and a 4.3 per cent rise in 2022.

The report anticipates a 17.4 per cent rise in 2021 and 3.9 per cent rise in 2022 in Adelaide, and an 11.6 per cent rise in 2021 for Perth with a 3.9 per cent rise in 2022.

The NAB chief economist Alan Oster noted the latest survey of experts remained optimistic the property market would continue its strong trajectory.

&ldquo;Initially we were quite worried about the lockdowns, but what we&rsquo;ve seen is when you come out of lockdown the market recovers pretty quickly.&rdquo;

NAB said that it still expects house prices to lift at a faster rate than unit prices, which have been more impacted in major cities by slowing population growth due to international border closures amid the pandemic.

Hobart dwellings were forecast to record the biggest price growth by the year’s end, with property values to rise 23.5 per cent.



Sydney to achieve highest mainland dwelling price growth in 2021: NAB

Cbus has sold one-third of the 101 apartments in its 111 Castlereagh St development, atop the former David Jones department store.

Colliers managing director, residential, Peter Chittenden told the Weekend Australia he was also "close to selling" a $30 million-plus penthouse in the project being developed by Cbus Property.

It has 460 sqm space.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The cheapest units are one-bedrooms starting at about $3 million, while four bedroom units start from $13.5 million.

Most of the 101 apartments have views over Hyde Park in the tower designed by architects fjmtstudio.

Apartment residents will enjoy a rooftop with a pool, gym and gardens at the project where construction is underway.

[smartcode_project:default project_id=94354 project_image_fid=170428]

The apartments will be ready by the third quarter of 2023.

Chittenden had always expected most buyers would be local owner-occupiers and confirmed there has been no offshore money purchasing in the development.&nbsp;

[smartcode_project:default project_id=94354 project_image_fid=170427]

He confirmed most buyers hail from Sydney’s east as well as regional NSW, with several apartments purchased by high-net-worth farmers.

The Cbus tower sits above the former David Jones menswear store in Market Street with apartments, office space, and luxury retail planned by Cbus Property and Scentre, the owner of Westfield malls.

Colliers has sold one-third of the 101 apartments in the 111 Castlereagh St development

Cbus secure 33 sales at 111 Castlereagh St with $30 million penthouse next to go

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" />

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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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