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Apartment price per square metre data is one of the key criteria that valuers and economists look for when reviewing property prices and trends.
Over recent times, the actual apartment size has become a mild influencer among buyers, especially off-the-plan, who have embraced the purchasing reckoner common in other global cities.
<img class="size-full alignnone" src="https://res.akamaized.net/domain/image/upload/t_web/v1571432230/LL6718_UR_OSH_Artist_Impression_1_ozlccf.jpg" alt="LL6718_UR_OSH_Artist_Impression_1_ozlccf"> Artist’s impression of the $100m+ penthouse at the One Sydney Harbour development in Barangaroo. Photo: Lendlease
Lendlease officially announced a $140 million sale of a dual key penthouse in its One Sydney Harbour tower at Barangaroo South on the weekend.
The price reflected a record $100,000 per sqm-plus for the 1000sqm internal space within the two-floor penthouse. The lower 600sqm sub-penthouse component, plus car spaces et al, works out at about $66,000 per sqm.
The prior record was <a href="/news/26-million-circular-quay-opera-residences-penthouse-sale-in-57-million-swoop">$95,000 in the 2016 sale of two Opera Residences penthouses</a>, currently being built on Macquarie St.
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These stellar prices don’t quite match Hong Kong and Monaco sales.
Sydney’s cheapest sale at the weekend was a $470,000 Parramatta unit — which was $5300 per sqm.
Tower 1 is the tallest of three buildings in the One Sydney Harbour development, designed by Pritzker Prize-winning architect Renzo Piano.
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Lend Lease secured approval in 2017. Planning records show Tower 1 is set to be 247 metres high with 317 apartments approved over 72 levels.
This article was first published in the Sunday Telegraph.
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Lendlease's Tower One in Barangaroo breaks price per sqm record in $140 million sale

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Karalee, the long-time Victoria country retreat of the late master jeweller Gary Bradley, has been sold.
The 13 hectare Hesket property in the Macedon Ranges, with panoramic view to Hanging Rock and the Cobaw Ranges, was bought by Bradley back in 1987.
They paid $250,000 for the estate with a late 1970s home.
It was extended upstairs to create a retreat and master bedroom.
A swimming pool sits off the four bedroom homestead.
There's also a separate studio where Bradley worked for a number of years. 
Keatings agent Sandi Barry-Mueller had a $1.4 million reserve for <a href="https://www.realestate.com.au/property-house-vic-hesket-132060622" target="_blank">its October 26 auction</a> when it sold at $1.49 million.
Bradley's former Hardware Lane workshop has also been listed for sale. 
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Macedon estate of late jeweller Gary Bradley sold

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A Sunrise Road, Palm Beach home designed by Gerald Nettleton as his own holiday home, has been listed for sale.
It was last sold for $1,326,000 in 1997 by Netteleton.
Set on 815 square metres, the three bedroom home with solid timber beams and double height ceilings has full length decks on both levels, one featuring an in-ground spa.
The fully self-contained lower level with its own entrance. 
LJ Hooker Palm Beach agents David Edwards and Danielle Ford have the listing. It comes with approval for a third level and additional guest accommodation.
Philanthropists Arvid Petersen, chairman of Petersen Group and former NSW Rugby Union chairman, and wife Karen have their nearby weekender listed.
The two level Sunrise Road homes home had been designed by architect Greg Crone, who sold it new, with architect Tim Moon refurbishing it substantially two years ago. 
It is the same strip where businessman Paul Nankervis and his wife, Rosie sold their getaway for $10.6 million in 2013, Sunrise Road's priciest sale.
Designed by architect Susan Rothwell, the three-level residence featured six bedrooms and six bathrooms.
In 2014, John and Frances Ingham, of the chicken farming and thoroughbred racing family, spent $7.2 million on a three-level hilltop Sunrise Road home designed by architect Simon Parsons.
This article first appeared in The Weekend Australian. 
 
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Star architect-designed homes listed on Palm Beach's Sunrise Hill

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Bomera, the heritage sandstone Italianate mansion on the Potts Point clifftop, has reportedly been sold to the steel baron, Sanjeev Gupta for around $34 million.

His purchase was foreshadowed three weeks ago in the Sunday Telegraph.

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The Sunday Telegraph identifying Sanjeev Gupta as the buyer nearly a month ago.

Gupta is soon set to vacate his Bellevue Hill rental, Barford.

It was six years ago that Bomera was bought for $12.5 million by Leanne Catelan, the daughter of the late RP Data founder Ray Catelan.

Bomera had had ambitious $25 million hopes in 2010, but had sat on the market for two years before Catelan swooped on the 160 year old mansion.

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Reports of Sanjeev Gupta had been rubbished in the Wentworth Courier.

Catelan bought it from Spanish property developer Jorge Fernandez and wife Monica, who had commissioned heritage architects Graham Brooks &amp; Associates to restore the residence. 

They had bought the property in 2001, paying $6.55 million. It had been owned by the Defence Department, along with its neighbour, Tarana, since the 1940s. Tarana, which was also acquired by the Fernandez's, was converted into a luxury triplex. 

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Built by architect John Frederick Hilly for colonial merchant William McQuade in 1856, Bomera sits on a sprawling 2,150 sqm Wylde Street parcel, in landscaped grounds featuring a swimming pool.

It has five bedrooms, a grand ballroom overlooking Woolloomooloo Bay, a musician's gallery, billiards room and wine cellar.

The former stables are now a three bedroom cottage.

The official listing in March this year had been some 18 months in the making.

Local Potts Point agent Jason Boon was in talks to secure the listing and its sale (photographed above at Bomera).

LJ Hooker Double Bay agent Bill Malouf finally had the listing, in conjunction with Ballard's Clint Ballard.

<h2>NSW properties selling now:</h2>

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Steel baron Sanjeev Gupta buys Potts Point trophy home Bomera 

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The penthouse on the top level of Domain Park, designed by the celebrated architect Robin Boyd in the 1960s, has sold for $7.6 million, reflecting $46,000 per square metre.
The unrenovated 20th level apartment, which had a reserve of $5.1 million, sold at $44,000 per square metre as two bidders battled it out at its recent private auction.
Marshall White Stonnington agents Dean Gilbert and Mark Harris had a $4.55 million to $5,005,000 guide.
The Domain Park Flats was the first apartment building Boyd designed.
At the time it completed, it was the tallest residential building in Victoria.
The first residents of Domain Park Flats moved in in 1962.
The north-west facing apartment with views over the Botanic Gardens to Albert Park Lake features the original separate kitchen.
There are three bedrooms and just the one bathroom.
Buyers agent Mal James advised he "couldn’t see the freight at $5,000,000".
"$5,000,000 meant the asking price for the shell only was $30,300 per square metres for the 165 square metres," James advised.
"It’s not worth $30,300 per square metre when the best brand new apartments are trying it on at $25,000 per square metre."
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Robin Boyd's most coveted penthouse sold for $7.6 million in South Yarra

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The Brisbane-based former Wallabies captain Stephen Moore has listed what was once billed as his Paddington forever home.
It is reportedly expected to fetch somewhere between $3 million and $4 million.
It was only in July this year when, after living in 12 different properties over the past decade, the Queensland rugby legend and his wife, advised they were putting down roots, having finished building "their forever home" in the sought-after suburb of Paddington.
“We were talking about this dream for so long,” Moore told The Courier-Mail.
Moore told the local paper they planned to live in the home for at least the next decade.
“After all this time, we’ve got a place we can call home — and that’s a really good feeling.”
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The newly built five-bedroom and three-bathroom contemporary, three-level house has views of the city skyline.
Its five bedrooms are spread across the three levels of the home that replaced a rundown 1930s cottage.
The master wing, complete with ensuite and study nook, is accessed by a bridge.
Moore says it is time to sell as his family of three children needed more space.
The former player turned corporate pastoralist has a bigger block of land back at Bardon.
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“We are looking at doing a potentially bigger thing at Bardon, looking for a bit more space with three young kids under seven years … and (with) two young boys running around we made the decision to get a bigger plot,” Moore told The Weekend Australian.
“It will be a similar type of project.”
Moore, who played more than 125 tests, bought the existing timber house on 405sq m in Howard Street 10 years ago, which he rented out while he was living in Canberra playing rugby for the Brumbies.
He spent three years planning with its design by Brisbane architect Tim Stewart.
It was built by Graya Construction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/STEPHEN%20MOORE%20PADDINGTON%204.jpg" alt="">
Expressions of interest close November 8.
“We are doing it now because the home still presents as new; we thought it was the right time. We will probably have to rent nearby and we will stay in the area.”
Matt Lancashire and Josh Brown are handling the listing.
Following his retirement in 2017, Moore moved into the corporate world. He is general manager for corporate and commercial at The North Australian Pastoral Company.
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Former Wallabies captain Stephen Moore lists his Paddington forever home

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The keenness of buyers was now inspiring more sellers to list, according to AMP Capital chief economist Shane Oliver.
Buyer sentiment had improved significantly since May, he noted after another auction weekend with an 80 per cent plus success rate in Sydney.
“Sentiment has turned around dramatically as things were going down and it was feeding on itself on the way down.
“Now it’s turned, it’s feeding on itself on the way up.
Oliver said the trigger was the combination of the election outcome, which removed the threats to negative gearing and the CGT discount, the rate cuts and the removal of the 7 per cent mortgage rate test.
“This all now appears to be encouraging a gradual pick up in listings which along with news of a recovery is in turn is bringing more buyers back into the market.”
Oliver suggested some of the buying was pent-up demand, “after buyers went on strike last year”.
He thinks tighter credit, slower economic conditions and a lot of units to hit the market will constrain prices relative to a few years ago.
“I expect some slowing after the initial bounce, but right now it looks like its got a bit further to go as sentiment continues to improve,” he told The Daily Telegraph.
There were 2,017 homes taken to auction across the combined capital cities over the past week, up from 1,324 over the previous week, suggesting the spring auction selling season was finally gaining some listing momentum. 
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The Corelogic preliminary results showed a 77 per cent success rate, up after last week’s interrupted long weekend saw a final clearance rate at 67 percent. 
"Although the clearance rate will revise lower as final results are collected, it will likely hold around the low-mid 70 per cent range," Kevin Brogan, the CoreLogic auction analyst said.
The number of listings is finally up on the same time last year, when 1,851 auctions were held across the combined capitals, then recording a 47 per cent clearance rate.
Property economist Dr Andrew Wilson said the Sydney weekend home auction market bounced back strongly following the previous weekend's holiday break "with a booming clearance rate despite a surge in listings."
SQM property commentator Louis Christopher observed "ongoing strong auction results."
The dearest sale was in Melbourne where <a href="https://www.littlerealestate.com.au/properties/7-ruby-street-hawthorn-vic" target="_blank">7 Ruby Street, Hawthorn</a> (top and below) fetched $5,175,000.
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There had been price guidance of $4.75 million to $5.225 million.
The 596 sqm house was designed by Steve Domoney Architecture.
The property last sold in 2010 at $4.4 million.
The marketing by Little Real Estate agent Jeffrey Wilson described the three level home as "unrivalled luxury."
It was "magnificently modern and dramatically daring."
Sydney's top house sale was in Mosman.
The $5,025,000 sale through Di Jones Real Estate was a five bedroom 1930s home at <a href="https://www.dijones.com.au/property/house-nsw-mosman-8p9611/" target="_blank">89 Bay Street</a> (below). 
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With Middle Harbour views, the home last traded at $3.2 million in 2012.
There was a $4.7 million sale in Brisbane when the riverfront home at <a href="http://www.adcockprestige.com/20293048#1" target="_blank">23 King Arthur Terrace, Tennyson</a> (below) was sold pre-auction through estate agent Jason Adcock.
It last sold at $3.81 million in 2015.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/14/Tennyson%20.jpg" alt="">
The north-facing five bedroom, four bathroom family home has views capturing the river, golf course and city skyline from its 1154 sqm holding with 20m of river frontage.
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Melbourne saw 977 homes taken to weekend, returning a preliminary clearance rate of 76.7 per cent. 
In comparison, last week saw 775 homes taken to auction returning a final clearance rate of 70.5 per cent. 
Over the same week last year, a clearance rate of 50.4 per cent was recorded across 912 auctions.
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Melbourne had the weekend's cheapest offering when $225,000 was paid for the one bedroom unit at <a href="http://www.jasstephens.com.au/?pagecall=property&amp;propertyID=3367907" target="_blank">8/90 Roberts Street, West Footscray</a> (below).
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There had been $200,000 to $220,000 price guidance by Jas Stephens Real Estate.
It last sold in 2006 at $115,000.
It was offered as a $190 a week rental in 2016.
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There were 729 homes taken to auction across Sydney this week with preliminary results showing a clearance rate of 82.3 per cent. 
Over the previous week, a final clearance rate of 74.7 per cent was recorded across just 317 auctions given the long weekend.
 One year ago, 647 auctions were held across Sydney returning a final clearance rate of 45.1 per cent.
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Across the smaller auction markets, Perth saw lower auction volumes week-on-week while Adelaide and Canberra, both with a 78 percent success rate, saw an increase in the number of homes taken to auction over the week.
There was a 59 percent clearance rate in Brisbane where sales included a $2,085,000 Bulimba result through LJ Hooker AVNU in conjunction with Ray White agent Nicholas Given.
The 2012-built contemporary <a href="https://avnu.com.au/our-listings/32-princess-street-bulimba-qld/" target="_blank">32 Princess Street</a> five bedroom home sold for $2,085,000. It potentially could have gone higher. “There were lots of people desperate to buy this home but didn’t have their finances in place,” Mr Given said.
It last sold at $1.8 million in 2013.
"Displaying a cutting-edge architectural aesthetic, the home was designed with an emphasis on gourmet open plan indoor/outdoor poolside entertaining," Tanya Douglas at AVNU said.
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Keenness of buyers now inspiring more sellers to list: Shane Oliver

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Scott Cam, the host of TV renovation show The Block, has been announced as Australia's first national careers ambassador. 
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Despite losing some respect among viewers in the latest series, the Gold Logie winner has been appointed by the Employment and Skills Minister Michaelia Cash.
His role will be to highlight how practical and technical training can lead to high-paying and fulfilling jobs.
"Anybody who is thinking twice about getting a trade just needs to look at Scott Cam and his success," she said.
"Anything is possible by pursuing vocational training."
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The Prime Minister Scott Morrison said university, which had become the default expectation for young people, wasn't the only path to success.
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<div id="google_ads_iframe_/21666581298/theflindersnews/news/nationalnews_0__container__">"I want to see more Australians become plumbers, electricians and bakers than lawyers and consultants. I would like to see more of them going on to become their own boss," he said on Thursday.</div>
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"Scott Cam is proof that undertaking a trade can be a very valuable, rewarding and successful career choice, and there are plenty more who can tell a similar story to Scott."
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Cam is a qualified carpenter who ran his own business before shooting to fame on the television.
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Mr Morrison is hopeful the appointment will encourage more people to get technical, trade and practical skills.
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"By learning a trade you'll earn more, your skills will be in demand and you'll help build our country and keep our economy strong," he said.
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Employment and Skills Minister Michaelia Cash said vocational education and training was key to building Australia's future workforce.
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She said Cam would help Australians at "all ages and stages" to make informed decisions about learning, training and work.
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<div id="google_ads_iframe_/21666581298/theflindersnews/news/nationalnews_5__container__">"Working with the National Careers Institute, Scott will make sure individuals and businesses can take advantage of the pathways on offer," she said.</div>
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<div>The appointment of Scott Cam as the first National Careers Ambassador was welcomed by Kristin Brookfield, the HIA's chief executive industry policy.  </div>
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“Today’s announcement by the Prime Minister and the Minister for Employment, Skills, Small and Family Business, Michaelia Cash, reinforces the change in approach now being taken by the Government to ensure vocational education and the careers on offer are seen by young people, their parents and educators, as the pathway to an inspiring and long term career,” she said.
“As an apprentice carpenter, builder and business owner, Scott Cam has been giving back to the housing industry and sharing his passion and insights with young people as HIA’s Ambassador since 2017.
“Scott has worked with HIA to help raise the profile of a career in the housing industry. His own career shows how completing a trade can be the beginning of an exciting future."
HIA has been encouraged by the COAG Skills Council’s adoption of a vision for skills in Australia at their August meeting, on the back of the Government’s commitment to vocational education in the federal budget. 
“It certainly feels like the tide is turning on the bias towards university education as the best way to build a career,” concluded Ms Brookfield.
 
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Scott Cam's surprise ambassadorial appointment

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Carmyle, the grand Toorak trophy home that was among the earliest in the suburb, has been listed for sale with a guide of $12.5 million to $13.75 million.
It’s been listed by the Gunter family, who have owned the home since 1969.
The 23-room Victorian Italianate manor was designed by Francis Maloney White in the late 1870s for Scottish pastoralist Archibald Fisken.
Spanning 975 square metres, the home has up to 14 bedrooms, six bathrooms, a number of kitchens, a reception hall, a refined sitting room and a ballroom.
The ballroom has hosted performances by artists such as Judith Durham, Yalta Menuhin, Olaf Baer, Paul Badura-Skoda and Anna Pavlova.
Now on 2000 square metres, the estate once extended from Kooyong Road to Albany Road. Marshall White Stonnington agents Marcus Chiminello and Michael Wood have the listing.
This article first appeared in The Weekend Australian.
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Toorak trophy Carmyle, one of the suburb's first homes, hits the market

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Entertainment industry veterans John 'Strop' Cornell and his wife, Delvene Delaney, who were Paul Hogan's sidekicks in their comedic heyday, are selling their final block of land on their one time vast Belongil Beach compound.
"With no continuing business interests in Byron Bay, we are releasing our remaining real estate holdings there for others to enjoy," Delvene advised.
They sold the main chunk four years ago to Harvey Norman heir Glen Norman for $10 million, the highest sale that year in the tourist hotspot.
The lavish home, completely rebuilt since Norman's purchase in 2015, is a luxury verified Airbnb rental, fetching $5,500 a night, dubbed White Hawk Retreat.
Cornell and Delaney are now selling their final slice of their one time 2.3 acre compound which was bought from the property developer Peter Kurts in 1987 for $375,000.
The three lots totalling 2,089 square metres (pictured above) have been listed through LJ Hooker Byron Bay agent Glen Irwin who is taking expressions of interest until October 28.
While not to the same extent as Wategos Beach, Belongil Beach has seen celebrity buying activity over recent years.
Celebrity chef Shannon Bennett has moved in to his home.
The six bedroom, six bathroom home comes with rooftop garden, sunset bar and natural pool.
The Block judge Shelley Craft and her real estate agent husband Christian Sergiacomi are set to move to the area following their $4.9 million sale of their home in town earlier this year to the fund manager Peter Cooper.
They're currently building a Paul Ullmann-Designed five bedroom home after paying $1.35 million for a block of land in 2017. It is inland on the Belongil peninsula.
It sits just a few hundred metres away from where the couple tied the knot a decade ago.
The top sale at Byron was earlier this year on Wategos. Eli Havas, wife of F45 founder Adam Gilchrist, paid $18.85 million for the longtime Marine Parade record holder.
It had belonged to property developer Danny Goldberg, who paid $15.68 million some 13 years ago. 
This article first appeared in The Daily Telegraph. 
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John 'Strop' Cornell and Delvene Delaney list last Belongil Beach, Byron Bay land holding

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;

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<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;

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<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.

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<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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