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The Easter break's special Victorian auction treat - a bathing box on the Rosebud foreshore - went wanting, when it failed to sell with just the one bidder at its onsite weekend auction.
"You could start with a bid of $1 million if you like, but I won't move it to Sorrento," the Mornington Peninsula auctioneer Stephen Wilson told the crowd.
There was a $200,000 opening bid.
"It's the best boatshed and position in Rosebud," Wilson said.
Then the auctioneer placed a $225,000 vendor bid.
"You can go fishing ..you can go swimming, but here you don't need to even get sand in your feet," he said.
Just the one higher offer took the top bid to $230,000 when <a id="LPlnk30240" href="https://www.realestate.com.au/property-house-vic-rosebud-129412790" target="_blank">boatshed 82A</a> was put to auction on Saturday afternoon.
Post-auction the top bidder was told there was a $280,000 reserve price.
Some years ago it had a $345,000 asking price.
Located at the beach end of Rosebud Parade, not far from the busy cafes on Point Nepean Highway, <a id="LPlnk250717" href="https://www.norrisre.com.au/index.cfm?pagecall=property&amp;propertyID=3311136" target="_blank">boatshed 82a</a> is the closest bathing box to the pier.
With the leasehold holding is a 8m x 4m boat shed constructed of brick and a colourbond roof that dates back at least 70 years.
The smaller Rosebud boat sheds for sale start from $85,000.
<img src="https://www.urban.com.au/images/2019/4/18/Boat%20shed%202.JPG" alt="">
It was the quietest Easter since 2012 with just 378 homes taken to auction across the combined capitals, according to CoreLogic.
There were limited city auctions over Easter, but coastal agents across the country endeavoured to find buyers ahead of the upcoming winter hibernation.
A newly constructed four bedroom Blairgowrie home didn't find its weekend buyer either on Melbourne's Mornington Peninsula.
<div>It was passed in on a $2 million vendor bid with the marketing having sought $2.2 million.</div>
<div>Set on a 688 sqm, the residence at <a id="LPlnk878221" href="https://www.melbournesothebysrealty.com/property/blairgowrie-34-charles-street" target="_blank">34 Charles Street</a> with 61 squares of space has views across Port Philip Bay.</div>
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It was designed by siblings, architect Elise Ross and construction by local luxury builder Simon Ross with plenty of use of timber, American Oak flooring, Silvertop Ash panelling and Blackbutt decking.
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"It is a family passion-project by the Ross family," Peninsula Sotheby's International Realty listing agent Hamish Opray said, noting there was a "sophisticated Scandinavian-inspired aesthetic throughout."
The three level floorplan incorporates distinct, self-contained living zones serviced by an Italian imported hydraulic lift.
There is a solar-heated glass tiled pool.
Sydney had the priciest weekend auction offering which was a vacant block at <a id="LPlnk949594" href="https://djwproperty.com.au/property/20-macintyre-crescent-sylvania-waters-nsw-2224/" target="_blank">20 Macintyre Crescent, Sylvania Waters</a>, billed as having the potential to be a holiday home.
It was an 808 sqm building block with approved plans for a luxury residence with an extra wide 30m water frontage with deep water mooring facility to accommodate vessels up to 28mertes in length plus dry dock and jet ski facilities.
The house plans have been designed by Rabi Moussawel of RM Designers.
“The vision was to design a house which made the owner feel like he was on holidays every day of the year," Moussawel said in the marketing.
"From the moment you enter the house you experience the luxurious double height ceiling space like a hotel foyer.
"This luxury home is alive with ocean drama, swaying palm trees, quiet sunrises, and flamboyant sunsets.
"It is a rare architectural masterpiece, connecting outside with inside and enjoying spectacular, unobstructed views of the water.
"Fish in the morning, swim during the day and jet ski in the afternoon.... why travel when you are already on holidays.”
DJW Property agent John Basa said it was it was passed in at $3,965,000, below its reserve price of $4.1 million.
Its last sale was in 2009 when the 1965 home was bought for $2,315,000, having sold pre GFC at $2.9 million in 2004.
Realestate.com.au advised the NSW clearance rate, based on 97 auction results over the past week, sat at 59 percent.
South Australia also secured a 59 percent success rate over the past week from 29 results.
Queensland had a 33 perecent clearance rate from 39 results.
There were two offerings at 1770, the small town promoted as the gateway to the Southern Great Barrier Reef, near Gladstone where explorer Captain James Cook briefly landed in May 1770.
A detached architect-designed duplex at <a id="LPlnk616864" href="https://www.realestate.com.au/property-house-qld-seventeen+seventy-130810014" target="_blank">4a/4b Orton Court </a>failed to sell.
With ocean views over Bustard Bay, the duplex offering was the winner of 2014 Queensland Master Builders Association award after being constructed in 2014 by Gibson Homes.
"No expense was spared in construction using corrosion resistant materials to ensure low maintenance," its PRDnationwide marketing advised.
"The properties were passed in," PRD agent James White said. They have been $3000 a week peak season asking rentals.
Orton Court is named after Captain Cook's clerk Richard Orton whose earlobes were slashed during the drunken night when Cook's crew anchored in Bustard Bay. 
A 1770 entry level home set amid tropical gardens also did not sell at <a id="LPlnk45130" href="https://www.realestateview.com.au/real-estate/628-captain-cook-drive-seventeen-seventy-qld/property-details-buy-residential-11083832/" target="_blank">628 Captain Cook Drive</a> though PRD. 
The classic holiday home comprised two bedrooms, open plan kitchen and living room with a large sunroom and balcony area, to capture the views. 
It last sold at $210,000 in 1991.
Victoria's success rate was put at 58 percent with just 26 results.
Rosebud was among the busiest auction locations.
A three bedroom one bathroom house, listed through Paul Cunnington and Tullie Roberts of Barry Plant, was sold at an undisclosed price.
Situated at <a id="LPlnk852269" href="https://www.barryplant.com.au/property/599338/79-first-avenue-rosebud/" target="_blank">79 First Avenue</a>, the home had come with a price guide of $520,000 to $570,000.
Set on 385 sqm, the renovated home last sold in 2008 for $290,000.
Another Rosebud property, marketed as a "grand weatherboard ready for a makeover" was pulled from auction.
The four bedroom one bathroom house set on 760 sqm, had a price guide of $520,000 to $550,000 through Barry Plant.
Situated at <a id="LPlnk782957" href="https://www.barryplant.com.au/property/599619/14-hayes-avenue-rosebud/" target="_blank">14 Hayes Avenue</a>, the listing noted the property had the potential to be subdivided or become a two unit site.
The median price for a home in Rosebud is $605,000, according to CoreLogic, with the median days on market before a sale at 32 days. 
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jchancellor-FAypfDUnLy

Rosebud bathing box fails to sell at Easter auction

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The new Bakehouse Quarter commercial precinct North Strathfield, Western Sydney, has been acquired by Yuhu Group Australia.
The Bakehouse Quarter provides a vibrant village environment in the heart of Sydney’s Inner West with cobble stoned streets, leafy parks, a selection of retail outlets and an array of restaurants, gyms, childcare, bars and cafes.
The purchase from Kirela Development Unit Trust, associated with the listed fund manager BlackWall. was settled on April 18, 2019.
The 60,000 square metre commercial and retail precinct is located in the surrounds of the refurbished Arnott’s biscuit factory.
The precinct will be anchored by Aldi supermarket, Arnott’s, Kingpin, Fitness First and WOTSO WorkSpace, with 70 tenancies in total.
Yuhu Group chairman Jimmy Huang said that the acquisition of the Bakehouse Quarter landmark site is in line with the company’s long-term strategy of identifying and investing in prime assets with well-established income streams.
“The hundred-year-old site together with its iconic architecture and relaxing ambience creates this incredible blend of rich history and culture that just tastes distinctively Bakehouse Quarter,” said Huang.
“Millions of us grew up with Arnott’s biscuits, and the emotional attachment associated with the precinct will carry on in the fabric of the area. With further support from the well-established modern-day transportation infrastructure and precinct facilities, the unique Bakehouse Quarter will go on to sew new memories for local families and beyond.
“We at Yuhu Group Australia are proud of the experience offerings that we are able to provide with our expertise in asset management, and even more so for the local jobs that we are continuously creating and supporting.”
Yuhu Group Australia is a private property investment company that was founded in Sydney in 2012.
Among its portfolio are One Circular Quay in Sydney and The Jewel towers in Surfers Paradise.
The Kirela trust was established in 1996 to acquire the site that until December 1996 served as a production facility for Arnott’s Biscuits Limited.
In 2017 Blackwall told its unit holders it would be  sold in late 2018 for $380 million under a call option arrangement. 
Blackwall is directed by Richard Hill, Joseph (Seph) Glew, Robin Tedder, with Stuart Brown, as its chief executive officer.
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Bakehouse Quarter in North Strathfield bought by Yuhu Group

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The upmarket Ikon apartment block in Potts Point is the latest Sydney apartment block to find it has dangerous combustible cladding.
The building is spending $420,000 on rectification 15 years after its construction by Mirvac.
The report lodged seeking permission with Sydney City Council notes, based on the risk assessment and inspection by Red Fire Engineers, suggests certain sections of aluminium composite panelling must be removed and replaced with non-combustible panelling.
<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/2019/4/17/Ikon3.jpg" alt="">
"These remediation works are necessary as the currently installed panels present an undue risk of fire spread via the external façade, which do not meet the requirements of the BCA for attachments to an external wall."
Apartments prices recently peaked at $16 million.
<div title="Page 3">
<a href="/news/potts-point-one-bedder-fetches-2-15-million">A one bedder was sold</a> at a record $2.15 million last July, although no settlement paperwork has yet to emerge at the LTO on the third floor apartment that was recently up for $850 a week rental.
The results from the testing presented in the report by CSIRO, indicate that the core materials in all ACPs would be deemed combustible if tested to AS 1530.1- 1994.
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"It is concluded that the ACP is combustible and present an undue risk of fire spread via the external façade, which does not meet the requirements of BCA Clause 2.4 in Specification C1.1 for attachments to an external wall achieving an FRL.
"In our opinion, The Ikon Apartments building presents a high risk of undue fire spread via the façade. This is because:
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The external façade system contains combustible components extending the full height of the building.
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<li>
A fire involving the façade could spread to multiple levels of the building through the windows and other openings.
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The cladding is installed near the exits, including wrapping around the south stair, therefore a fire has the potential to block exits."
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The report suggested, while low, there was a risk of a fire catastrophe.
<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/2019/4/17/Ikon5.jpg" alt="">
Ikon Apartments is an 18 storey Mirvac built high-rise developed in on the site on what once stood the Chevron.
There are 185 residential spaces with an indoor heated pool, spa, sauna and gym.
<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/2019/4/17/Ikon2.jpg" alt="">
Many of the open-plan residences have been curated by acclaimed interior designers and feature sun-catching outdoor areas, with balcony views.
Ikon has gone from being 60 percent investors to 80 percent owner-occupied.
The bulk of the risky cladding is on its southside, with the top four storeys having openings into bedrooms.
The cladding installed on the northeast corner of the building is in close proximity to an adjacent building, Rockwall Apartments.
<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/2019/4/17/Ikon6.jpg" alt="">
The risky cladding is even at its street front lobby entrance where the body corporate plan a more "subtle" than the exisiting bright red cladding currently in place.
It is understood Mirvac claim the Macleay Street building's cladding complied with relevant rules at the time it was built.
News.com.au reported last December that residents of The Quay in Sydney’s Haymarket were considering legal action in the Supreme Court of NSW against builder Parkview Constructions and Chinese developer Ausbao.
The Quay, a 282-unit, mixed-use development built on the site of the old poultry section of Paddy’s Market in Chinatown, was one of 435 identified as “potentially high-risk” by the NSW government’s Cladding Taskforce earlier last year.
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Fire catastrophe risk at Mirvac's Ikon, Potts Point apartment complex

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Richmond ranked as the busiest suburb for weekend auctions with the Melbourne suburb having 21 homes offered under the hammer.
Richmond's weekend sales included the three bedroom cottage of former Melbourne Victory captain Adrian Leijer (above and below).
His property, which passed in at auction at $1.505 million, sold post auction for an undisclosed price.
The three-bedroom home, renovated by the star centre back and his architect wife Ashlee, had pre-auction $1.4 million to $1.54 million price guidance through Jellis Craig agent Trent Stewart.
The Herald Sun reported a Mornington Peninsula based family will use it as a city pad, the keenest of around 80 groups who had gone through the property at <a id="LPlnk120665" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-118-Richmond-Terrace-Richmond-3121/772918" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">118 Richmond Terrace, Richmond</a> which was bought in 2011 for $615,000.
<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/2019/4/15/Rich2.jpg" alt="">
The preliminary Real Estate Insititute of Victoria results for Richmond had 10 homes sold with seven passed in, with four yet to be reported.
According to CoreLogic, the next busiest suburbs were Sydney’s Leichhardt, which had 16 auctions scheduled, followed by Maroubra (15) and Mosman (14), also in Sydney.
But auction listings are low across the capital cities.
And the auction volumes are set to be interrupted over coming weeks the school holidays, the Easter break, then Anzac Day, and the May 18 Federal election.
The REIV calculated 970 Melbourne auctions, then next weekend (20/21 April) there will be just 60 auctions given the Easter slowdown.
Auctions will rise on the 27/28 April weekend to around 410 Melbourne auctions and then in early May to 550 auctions.
There were 2,268 homes taken to auction across the combined capital cities, up from 1,976 over the previous week.
<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/2019/4/15/CL-Apr15.jpg" alt="">
But there was not the traditional huge pre-Easter weekend surge. 
CoreLogic noted auction volumes were significantly lower than the week prior to Easter 2018 when some 3,990 homes were taken to auction.
"Although the number of auctions remain well below the week prior to Easter last year, the number of auctions held was the second highest so far this year," Kevin Brogan, the CoreLogic auction analyst noted.
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Preliminary results show an auction clearance rate of 58.2 per cent across the capitals, although Brogan added: "keep in mind that this will revise lower as the remaining results are collected."
The previous week saw the final clearance rate dip from the 57.2 percent preliminary figure, but hold above 50 per cent for the fourth consecutive week at 52.6 per cent.
<div class="x_column">
Across the smaller auction markets, Perth saw a fall in auction volumes week-on-week.
The nation's cheapest weekend auction result was just $212,000 in Brisbane.
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The three bedroom 1970s two storey house sat on an 800 sam holding at <a id="LPlnk643334" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://raywhitelogancity.com.au/properties/residential-for-sale/qld/kingston-4114/house/2079786" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">116 Bardon Rd, Kingston</a> (below), just outside of Brisbane.
<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/2019/4/15/Kingston1.jpg" alt="">
It last sold at $55,000 in 2000.
"As you enter you will see this home could do with a little TLC, a coat of paint certainly wouldn't hurt however you will be impressed with this solid home offering a large fantastic layout both upstairs and downstairs," the selling agent's marketing suggested.
The accomodation downstairs could be used by "the savvy investor looking to maximise rental returns," Sam Fuller, the Ray White Logan City agent said.
Adelaide had the next cheapest when $257,000 secured another three bedroom home.
It was <a id="LPlnk411532" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://raywhiteparahills.com.au/properties/residential-for-sale/sa/para-hills-5096/house/2077263" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">10 Warrigal St, Para Hills</a> which sold pre-auction, marketed as offering "an excellent subdivision opportunity for the savvy investor."
</div>
<div class="x_column">
In Melbourne, the 970 homes taken to auction was up on the 900 in the prior week.
But the week prior to Easter last year saw a surge with some 2,070 homes taken to auction across Melbourrne.
Melbourne's preliminary weekend auction clearance rate came in at 54.9 per cent.
Melbourne's most expensive weekend sale was at <a id="LPlnk765143" class="x_OWAAutoLink" href="https://www.rtedgar.com.au/property/732026/9-mernda-road-kooyong/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">9 Mernda Road, Kooyong </a>(below) for $4.72 million after being passed in.
<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/2019/4/15/Kooy1.jpg" alt="">
When listed last June it had a guide of between $5.5 million and $6 million.
Sydney was host to 927 auctions with preliminary results returning a 62.9 per cent clearance rate across 577 results.
The week prior to Easter 2018 saw 1,383 Sydney homes taken to auction across the city.
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Sydney has the priciest sale when $6.22 million was paid for <a id="LPlnk980275" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/eastern-suburbs/south-coogee/402455" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Cairo Street, South Coogee</a> (below).
<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/2019/4/15/South-C.jpg" alt="">
The four bedroom house was a contemporary design by MKD Architects.
The resort-style three-level residence came with 10-metre pool.
It had ocean views over Wedding Cake Island, its McGrath selling agent Marnie Senior said.
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No traditional huge pre-Easter surge in auction offerings

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The Melbourne suburb of Richmond is set to be the busiest place for auctions this weekend with 21 homes expected to go under the hammer, according to CoreLogic.
Next busiest are Sydney’s Leichhardt, which has 16 auctions scheduled, followed by Maroubra (15) and Mosman (14), also in Sydney.
The weekend auction markets are likely to be interrupted over coming weeks by the school holidays, Easter, and Anzac Day, plus the May 18 Federal election.
Many vendors will schedule either side of the May 18 weekend.
The REIV have noted this weekend (13/14 April) there are 970 Melbourne auctions, then next weekend (20/21 April): 60 auctions. It rises for 27/28 April to 410 Melbourne auctions and again in three weeks’ time (4/5 May) to 550 auctions.
<img src="https://www.urban.com.au/images/2019/4/11/CL%20Auction%20Preview%2012-4-19.JPG" alt="">
Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,166 auctions, increasing from both last week (1,976) and this time last year (1,915).
This week is the last week of auctions before the Easter weekend where auctions drop significantly.
Although volumes have increased over the week, they are significantly lower than the week prior to Easter in 2018 when CoreLogic recorded the highest volume of auctions on record (3,990).
Melbourne is expecting to see around 900 homes taken to auction this week, similar to both last week (892) and last year (873).
In comparison, the week prior to Easter 2018 saw 2,071 auctions held across the city.
<img src="https://www.urban.com.au/images/2019/4/11/Auctions%20this%20week%20Apr%2011.JPG" alt="">
Sydney is also expecting around 900 auctions this week, increasing from both last week (742) and last year (795). The lead up to Easter 2018 saw 1,383 Sydney homes taken to auction.
Across the smaller auction markets, Adelaide and Brisbane are expecting to see an increase in auction volumes week-on-week, while activity is set to be slightly lower in Canberra and Perth.
Tasmania is not expecting to see a change in auction volumes week-on-week.
The busy auction weekend in Richmond sees <a href="https://www.realestate.com.au/property-house-vic-richmond-130789890" target="_blank">12 Burgess Street</a> (pictured in title) offered.
The property going under the hammer is a three bedroom one bathroom house. 
It comes with a price guide of $1,350,000 - $1,450,000.
<img src="https://www.urban.com.au/images/2019/4/11/Richmond%20Auction%203.JPG" alt="">
Another example of the breadth of auctions taking place in Richmond this week is <a href="https://www.realestate.com.au/property-apartment-vic-richmond-130777098" target="_blank">107/47 Murphy Street</a> (pictured above).
The property going under the hammer is a two bedroom two bathroom apartment.
It comes with a price guide of $700,000 - $750,000.
<img src="https://www.urban.com.au/images/2019/4/11/Richmond%20Auction%202.JPG" alt="">
A third property in Richmond is going to auction <a href="https://www.realestate.com.au/property-townhouse-vic-richmond-130796334" target="_blank">56 Lambert Street</a> (pictured above).
The three storey property going under the hammer is a three bedroom two bathroom house with it's own street frontage.
It comes with a price guide of $1,095,000 - $1,130,000.
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Richmond set to be busiest weekend auction hotspot

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Bisley, an impressive 4ha English-inspired mature parkland at Mount Wilson, has been sold two years after hitting the market. 
It's been sold by Graham and Beverly Thompson to an Otford couple, who have a small weekender in the Blue Mountains.
The most recent price guidance for the showpiece garden was $2 million to $2.2 million.
Now in autumnal colours, its first disclosed asking price was $2.75 million.
<div id="attachment_18418" class="wp-caption alignright">Bisley is landscaped in the style of an English country park with two lakes, clipped hedges, sweeping lawns and avenues of trees.</div>
<div class="wp-caption alignright"> </div>
<div class="wp-caption alignright"><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/2019/4/11/Bisley1.jpg" alt=""></div>
<div class="wp-caption alignright"> </div>
<div class="wp-caption alignright">Among the many elements of this superb estate are two natural rock gardens at the location, 4-10 Beowang Road.</div>
<div class="wp-caption alignright"> </div>
<div class="wp-caption alignright">Thee is a 2m tall sandstone sculpture, Motherhood, by Blue Mountains sculptor Tom Coley.</div>
The trees are a feature, especially in autumn.
Gardening critics have suggested there’s a dense backdrop of stringybarks along the boundary and stands of other tall eucalypts by the large lake, creating mesmerising reflections on the water.
<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/2019/4/11/Bis5.jpg" alt="">
The tulip trees and gingko dazzle yellow at this time, and nyssas, liquidambers , claret ash, Japanese maples among others wear their brilliant red cloaks.
"Without peer Bisley is Mount Wilson's finest garden property to be offered to the market in recent years," <a href="https://www.realestate.com.au/property-house-nsw-mount+wilson-126031122" target="_blank">selling agent Martin Schoedderrt said</a>.
<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/2019/4/11/Bis4.jpg" alt="">
"Showing remarkable depth of insight into garden planning and a no-expense spared approach to it's execution, the current owners have transformed this thorn covered paddock into one of NSW's premier properties with over 30 years of love and toil," he said.
The first major plantings commenced in 1984 and have continued ever since, on a grand scale with excellent positioning and emphasis on the art of colour blending. 
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Bisley, Mount Wilson trophy garden estate sold after almost two years on market

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Selling before auction has been a marked trend this autumn as a consequence of the new listings landscape across Sydney.
In fact, on many Saturdays this year, the number of sold before auction outcomes has exceeded the number of property that have sold under the hammer on the day.
It makes good practice to for both vendors and buyers, and their agents, to give consideration to doing the deal ahead of auction.
The trend is an emerging response to the fact that there are fewer buyers in the market, and the lack of their urgency, but it is not necessarily a reflection of desolate buyer interest.
It also reflects the anxiousness of agents and vendors prepared to take the likely best offer when it's presented rather than the risk of the auction falling flat and facing an extended period on market.
The pre-auction sale trend also turns up in the heat of the boom when long suffering, would-be buyers put in bullish offers that likely exceeded anything from rivals at auction.
But most auctioneers now report that there's typically been one or possibly two registered bidders at auctions. 
As always, it is important for the vendor and agent to monitor and discuss any pre-auction interest to ensure the likely best outcome is achieved.
The agent ought be be in regular contact with the vendor on the depth of buyer interest, and in these tougher credit times, on the state of the buyer financial preparedness.
There's no point giving too much credence to an offer if the buyers hasn't been through the rigours of getting bank approval. 
Of course, the smart buyer is going to try to find out the vendor's motivation for selling and how much competitive interest there is in the property.
It is possible an agent can engineer a Dutch auction in the days before the auction, where potential purchasers end up making blind bids prior to the property going to auction. But these are not that common in the current market.
Time can be another key factor that makes vendors rethink going all the way through to auction.
Some vendors may have already found another property, and will be keen to sell quickly.
A typical four-week auction marketing campaign - and sometimes they are five weeks given the lending landscape - can seem an eternity.
Buyers who demonstrate to the vendor and the agent that they’re interested, i.e. attending several of the open inspections and doing a building and pest inspection report, are signals that set them apart from the rest.
Putting a decent offer in writing then forces the vendor to focus on the offer. It is doubtful buyers are going to accomplish a pre-auction deal with a lowball offer.
And making it more enticing might include offering a short settlement period; a bigger deposit and waiving the cooling-off period that comes with private treaty deals.
Sydney currently has 30,000 listings, according to CoreLogic, although the bumper list reflects more unsold stock than fresh offerings.
Fresh offerings are down 18% on the same time last year.
Private treaty listings are needing to be discounted by around eight percent to secure a sale, with its typically taking 40 days.
This time last year there were 27,000 listings, taking 31 days to find a buyer at a six percent discount.
Auctions therefore remain a viable proposition for many vendors despite the prevailing gloomier than necessary headlines.
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Selling before auction has been a marked Sydney trend

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<div class="page" title="Page 1">The Queensland estate agency NGU Real Estate is back with their latest marketing gimmick - gifting the future owner of their latest listing with a new Lamborghini Hurricane valued at $460,000.</div>
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<div class="page" title="Page 1">The $8,800,000 Ascot mega-residence was built and developed by Zephyr Industries.</div>
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<div class="page" title="Page 1">"A listing like this needed something special, so I thought we had to give away a Lamborghini with it!" says CEO if NGU Real Estate, Emil Juresic.</div>
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<div class="page" title="Page 1">He adds the house comes with all the bells and whistles synonymous with luxury living, including a temperature-controlled wine cellar stocked with two years' worth of wine.</div>
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<div class="page" title="Page 1">The home features five bedrooms and seven bathrooms and comes equipped with bilingual voice activation, two pools, a cinema, yoga studio, elevator, rooftop terrace and a six-car garage. </div>
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<div class="page" title="Page 1">Located in Brisbane's lavish inner-city at <a href="https://www.realestate.com.au/property-house-qld-ascot-130930470" target="_blank">15 Towers St in Ascot</a>, the four-storey home is set on 1050sqm.</div>
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<div class="page" title="Page 1">The new owner of the Ascot property will be able to drive away in their new metallic green Lamborghini Hurricane from the day they move in.</div>
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<div class="page" title="Page 1">It has the licence plate "Belvedere", although that likely won't be allowed on the streets. </div>
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<div class="page" title="Page 1">"Valued just shy of half a million dollars, this performance vehicle is the ultimate gift with purchase," Juresic adds.</div>
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<div class="page" title="Page 1">Developed by Zephyr Industries and presented by NGU Real Estate, the property sees its first public inspection April 13 between 10am - 12pm. </div>
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<div class="page" title="Page 1">It was built just last year after the former 1920s home traded for $2.5 million in early 2018.</div>
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<div class="page" title="Page 1">NGU faced backlash last year when promoting a Brisbane River home, dubbed Versace of Brisbane, due to its <a href="/news/ngu-real-estate-face-backlash-after-online-property-video-ad-objectifying-women">marketing video objectifying women</a>. </div>
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<div class="page" title="Page 1">Lamborghini's are part and parcel of NGU's marketing.</div>
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<div class="page" title="Page 1">They drive the flashy cars into the luxury houses they list.</div>
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<div class="page" title="Page 1">Two years ago they used a yellow Lambo to sell a Mount Ommaney home (below). </div>
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<div class="page" title="Page 1">The car wasn't part of the sale.</div>
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$8.8 million Ascot, Brisbane home comes with free Lamborghini

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It was dentist Nasser El Hage and his cosmetic surgeon wife Dr Alia Nasser who secured the top weekend sale across the nation.
Their Paddington property at <a id="LPlnk98114" class="x_OWAAutoLink" href="https://theagency.com.au/17824/60-62-caledonia-street-paddington" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Caledonia Street, Paddington</a> (above) was sold soon after being passed in at its onsite auction.
The Agency’s Ben Collier secured only the one bid of $7.625 million for the 450sqm five bedroom property. 
It was sold at an undisclosed price, reportedly $7.7 million.
The Caledonia Street holding cost $4,779,000 in 2013, along with a further outlay for a one bedroom with car spot across the street.
The highest declared sale price was at <a id="LPlnk723397" class="x_OWAAutoLink" href="https://theagency.com.au/17828/67-wallaroy-road-woollahra" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">67 Wallaroy Road Woollahra</a> (below) where $5.65 million was secured.
The 1930s home had solid 2010 at $4.95 million.
<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/2019/4/8/Woollahra1.jpg" alt="">
There was an $8.6 million bid on an unsuccessful Woollahra offering.
Melbourne's top notified price was when Vadlure, at <a id="LPlnk507365" class="x_OWAAutoLink" href="https://www.realestateview.com.au/real-estate/9-kintore-street-camberwell-vic/property-details-sold-residential-12472562/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">9 Kintore Street, Camberwell</a> (below) fetched $3.05 million, just above its $3 million price guidance.
The home sits in gardens designed by landscape architect Anthony Scott on the 693sqm block.
<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/2019/4/8/Camb1.jpg" alt="">
Vadlure has high period ceilings, marble open fireplaces, bright Baltic pine floors and stained-glass windows reflecting the Federation-era elegance.
One buyers agent described it as "a ‘B’ grader in signature street with great potential to become an ‘A’ grader."
Another buyers agent, Tim Picken, suggested it was in a great position and with potential "but will require approx $1.5+ to do a good renovation and difficult to do so in the Tara Estate with heritage restrictions, although the building itself has good bones to work with provided it meets regulations."
Last sold at $2.25 million in 2014, Vadlure likely takes its name from a village in the Shetland Islands, famous for craft, fishing, gossamer-fine knitwear and its Nordic-Celtic heritage.
A two-storey brick Toorak was passed in at $4.9 million before selling at an undisclosed higher sale price. 
Melbourne recorded a preliminary clearance rate of 55 percent over the weekend from 775 scheduled auctions just shy of the 57 percent success rate in Sydney from 621 scheduled auctions, according to Domain Group.
The revised clearance rate is expected to fall, according to AMP Capital's chief economist Shane Oliver.
<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/2019/4/8/CL-Apr8.jpg" alt=""> CoreLogic's preliminary weekend clearance rate.
Sydney's median house price was $1.26 million and an $825,000 median unit price.
Melbourne had a $940,000 median house price and a $623,000 median unit price, according to Domain.
There were very high numbers of properties being pulled from auction in Sydney.
In Sydney over 110 properties were pulled from auction across Sydney as homeowners are increasingly withdrawing their properties from auction due to lack of competitive buying interest.
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The weekend data put the withdrawn prior to auction property numbers at about 18 percent of auction listings, up from the decade average of about one in 10 homes.
"The rise in sellers willing to pull their home from auction has risen at a greater pace compared to other downturns, indicating the market is under stress," the Domain data analyst Nicola Powell told Domain.
"It suggests particular homes have insufficient bidders to create a competitive auction, rather than an auction not hitting the vendor’s reserve."
A six bedroom Avalon beach home at <a id="LPlnk964902" class="x_OWAAutoLink" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/northern-beaches/avalon-beach/402122" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">94 Whale Beach Road, Avalon Beach</a> (below) was among the listings pulled from weekend auction by the ASX listed McGrath Estate Agents.
<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/2019/4/8/Avalon1.jpg" alt="">
McGrath agents pulled 12 listings, or 14 percent of their reported weekend offerings.
The Avalon Beach house now has a $3.5 million asking price having last sold at $2,925,000 in 2017.
There had been a $3.5 million price guide.
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There was no trouble selling a freestanding home in Petersham that attracted 22 registered bidders. 
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The four-bedroom freestanding 1900 home at <a id="LPlnk633677" class="x_OWAAutoLink" href="https://www.ch.com.au/107-brighton-street-petersham-nsw-4797970/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">107 Brighton Street Petersham</a> in the inner west Sydney suburb sold for $350,000 above its reserve for $2.25 million through Julie Hatch at Cobden &amp; Hayson.
It last sold in 2001 at $875,000.
Getting 22 bidders at an auction in the current market was "unheard of" in the current market, the auctioneer Damien Cooley said.
However properties with just one or two things wrong with them weren't attracting interest at all, Cooley added.
Adelaide has the nation's cheapest result. 
The three bedroom house at <a id="LPlnk67767" class="x_OWAAutoLink" href="https://harcourts.com.au/Property/783188/STG6003/26-Panorama-Crescent" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">26 Panorama Crescent, Reynella</a> fetched $253,000.
"This once loved family home could do with a little TLC but roll up your sleeves and put in a little effort and you are sure to reap the rewards," the Harcourts selling agent Kelly Eustice said.
The brick house sat on an 860 sqm lot in the Onkaparinga municipality.
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Sydney auctions being pulled at elevated rate as buyers get picky

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A record $18.85 million has been paid for a house overlooking Wategos Beach at Byron Bay.
It’s the existing longtime record holder on the Marine Parade dress circle at the popular surfing location.
Property developer Danny Goldberg secured the sale in an offmarket deal with Sydney buyer Eli Havas, from the Sydney rag trading family, who bought without any registered mortgage.
<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/2019/4/5/Gold2.jpg" alt="">
It has been reported the purchase is associated with F45 gym entrepreneur Adam Gilchrist.
The former Ticor Developments director, Goldberg, who is now chairman of private equity firm, Dakota Capital, bought the home for a record $15.68 million some 13 years ago, reflecting slow annual 1.5 percent price growth.
The latest sale was almost double the highest sale during the interim — $9.5 million in 2015 about 10 houses along.
The home, set diagonally opposite popular Rae's restaurant, became known as Wategos House, a $31,000-a-week peak-season holiday rental.
<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/2019/4/5/Gold3.jpg" alt="">
The price didn’t knock Palm Beach off its mantle as priciest beach retreat location in NSW.
<a href="https://byronbaycoastalaccommodation.com.au/accommodation/Byron-Bay/House/604-11-Marine-Parade-Wategos-House/" target="_blank">Wategos House rental marketing </a>suggests the property offers “unbeatable outdoor living spaces”. The six-bedroom beachfront sits on 1500 sqm, and its front terrace overlooks the beach with a custom-made table for 14. 
The $18.85 million confidence-boosting sale comes at a time when there is no shortage of stunning homes on and off the market available for buyers. Like the rest of the housing market downturn, prices in the upper end have been hit by around 12 per cent, according to CoreLogic.
The article was published in the Saturday Daily Telegraph.
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Low price growth for record setting Wategos, Byron Bay trophy home

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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