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<img alt="cbre" height="116" width="200" src="/images/stories/2013/09/18/cbre.gif" style="display: block; margin-left: auto; margin-right: auto;">
<img style="max-width: 480px; font-size: 14px; float: right;" src="/images/stories/2013/12/09/haddon-profile.png" width="150" height="200" alt="haddon-profile">Agent: Matt Haddon

Position: Senior managing director
Company: CBRE

Office location: Melbourne
How long have you been in the industry? 
30 years.  
What’s happening in the area you specialise in? 
Industrial investment properties are hot. Transaction volumes are up, yields are down!  Investors are taking a more sophisticated approach and debunking the myths around “specialised” assets, such as refrigerated logistics facilities.  
Describe the most interesting property you have sold?
I sold Australia’s Antarctic Division Headquarters in Kingston, Tasmania on a sale and leaseback to the federal government.  It is used as a storage and administration base for Australia’s Antarctic expeditions and included a visitor centre for the general public.  
What are the ingredients to being successful in your job?
Always maintaining a service mentality and anticipating and acting on clients’ needs before they ask the question.  
What aspects of your role do you enjoy the most?
Client relationships; the camaraderie and friendships at CBRE; the competition and thrill of beating the opposition.  
Where would you invest a spare $750,000?
Evenly distributed amongst Australia’s industrial REIT’s.  
Which football team do you support?
Hawthorn in the AFL.  I serve on a sub-committee at the club.  
What’s your favourite app or techno gadget?
I couldn’t get by without my iPad!  
How do you use social media?
I’m a <a target="_blank" href="https://au.linkedin.com/pub/matt-haddon/4/a39/b31">Linkedin</a> convert and dabble in Twitter from time to time to share thoughts and important information with a wider audience.          
<div><a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a></div>
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In profile: CBRE's senior managing director, Victoria, Matt Haddon

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A fully leased retail convenience centre at Waterford West in south-east of Queensland has been listed for sale. 
The centre has a net lettable area of 1,134 square metres and is located at 42 Bourke Street, adjacent to McDonalds and Aldi Supermarket.
Among the 11 tenants in the centre are Anytime Fitness, Waterford Village Medical Centre, Pizza Hut and QML.
The expressions of interest campaign close on 20 December through marketing agent Silvia Bevacqua of Ray White Commercial Springwood. 
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Convenience centre in south-east Queensland listed for sale

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The headquarters of property building company, the Dennis Family Homes group in Melbourne's Malvern East has sold for $7.85 million.  
The fully tenanted two level office building, at 207-213 Waverley Road, attracted a indicative yield of 8.1%. 
A private investor purchased the 2,137 square metre property. 
The purchaser will now execute a new five year lease commencing from settlement at an annual rental of $512,880 plus GST with the building outgoings met by the tenant.
Occupancy of the 74 secure basement car parks will provide an additional $124,320 plus GST, giving the buyer a total return of $637,200 net per annum. 
The terms of the new lease include annual rental reviews fixed at 3.5%, with a market review on exercise of the further five year option. The lease will also be supported by a six months unconditional bank guarantee.
Selling agents were Kliger Wood Real Estate with Gorman Kelly.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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Dennis Family Homes group Malvern East headquarters building sells for $7.85 million

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A competitive contest between 15 groups of potential buyers saw a prominent medical complex in Melbourne's Box Hill sell for $1 million above the reserve price. 
The two level building, at 852 Whitehorse Road, eventually fell into the hands of a private investor, who paid $5.675 million for the property at auction.
The vendor was the White Diagnostic Centre and the sale attracted a tight yield of 4.8%. 
It is currently leased to ASX-listed Vision Eye Centre on a five-year term with one five-year option. 
The property has a net lettable area of 680 square metres and features a 16-space basement car park. 
CBRE’s Justin Clarkson and Jamus Campbell, who brokered the sale, said the property’s strong tenancy covenant and building’s corner location were key selling factors. 
More than 50 people attended the auction, with 15 groups battling it out to secure the property.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>     
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Box Hill medical complex sells for $1 million over reserve price

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An owner-occupier has snared a rare redevelopment site in Sydney's inner western suburb of Balmain for $7.375 million.  
More than 20 bidders battled it out for the 73-79 Beattie Street property, which was owned by Peter Owen Developments.
"The 1,525 square metre property, which was formerly a number of warehouse and terrace buildings, offered one of the last opportunities to acquire a substantial site on the Balmain Peninsular", said Tim Morrison, principal of Ray White Commercial Inner West and the selling agent. 
There are currently six separate buildings and a car park on the site, which is on 10 separate titles. The purchaser intended to owner-occupy the property.    
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a> 
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More than 20 bidders battle for rare Balmain redevelopment site

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Strong competition from local and offshore players saw Melbourne's prominent Chocolate Box Centre in Camberwell sell for more than $13 million. 
A private Victorian family outbid a number of local and offshore buyers to acquire the 761-767 Burke Road property on a yield of sub 6%.
The property is leased to ASX listed retailer Kathmandu and two established local traders - The Chocolate Box and Short Black Cafe. Kathmandu provides about 60% of the total income at the property, which has a total net lettable area of circa 1,457 square metres.  
Selling agents Mark Wizel, Justin Dowers and Rorey James of CBRE, in conjunction with David Bourke and Michael Ryan of Fitzroys, negotiated the sale on behalf of the owner another private Victorian family. Nine offers were received for the Burke Road property.
CBRE Director Mark Wizel said that while the predominant interest was from local investors there were a number of offshore investors in the bidding fray, including buyers from Singapore, Malaysia and mainland China.
“We are seeing a growing level of demand from Asian-based investors in well positioned Melbourne real estate,” he said.
"While demand was initially centred on development projects, this has widened more recently to also focus on longer term, passive retail investments with sound underlying fundamentals in both the CBD and surrounding suburbs.”  
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>     
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Private Victorian family outbid foreign interest for Chocolate Box Centre in Camberwell

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Brisbane based pool fencing and balustrade supplier, Glassfit Australia, will establish its first outlet in Victoria, after committing to a six years lease for a showroom in Dandenong South.
The property, at 3/97 Monash Drive, comprises of a new, 997 square metre showroom/warehouse facility facing the Westernport  Highway.
Savills Australia senior executive Daniel Kelly negotiated the lease.  
The lessor was Melbourne based developer Pellicano Group.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Glassfit Australia sign lease for first Victorian showroom

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The Melbourne CBD is set to be the home of Fitness First's flagship gym and largest CBD tenancy after the national health club signed a 10 year lease in the Riverview House building.  
The lease, at 276 Flinders Street, covers two floors over 3,420 square metres and was struck at about $500 a square metre per annum net. 
Savills Victorian retail director Michael Di Carlo and colleague Jeremy Marmur brokered the deal.
Mr Di Carlo said the lessor, Fivex, had recently completed a makeover of the building which had facilitated the leasing of the ground, first, second, third and fourth floors to retail uses including Daiso and Goodstart Early Learning. The basement, ground and podium levels now constitute a new vertical retail destination in one of the highest pedestrian traffic flow areas in Australia, he said.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>   
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Fitness First find Melbourne home for flagship and largest CBD tenancy

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Hong Kong’s largest serviced office operator, Compass Offices has made its first foray into Australia, after striking a deal for lease two floors in Tower 4 at World Trade Centre in Melbourne's CBD. 
Compass Offices has committed to 1,466 square metres in the 611 Flinders Street building and is planning to take occupancy in March next year.
Gavin Boyd, chief operating officer for Asset 1 WTC, the owner of the building, said the deal with Compass Offices was not just your standard lease but was also “a management agreement, a 50/50 partnership.
“This type of deal has never been done in the Melbourne commercial arena.”
He said the agreement allowed it to cater to a whole range of office requirements. “As serviced offices tend to attract newly established business from overseas, this alliance will allow us to tap international expansion demand, rather than only relying on local relocations,” he said. “This aligns with our ambitions to make the World Trade Centre Melbourne’s hub for international trade.”
The Tower 4 Compass Offices &amp; Asset 1 WTC partnership deal was set to produce significantly above market rent over its initial 10 year term, said Asset 1 WTC in a statement. 
Compass Offices vice president of global investment, Alan Mackay said “Australia is an attractive market as there is more demand than supply for serviced office space". "There is a strong opportunity for growth, following a global trend where occupiers are looking for more flexibility as result of a volatile business environment. In the UK for example, over 2% of total office space is now serviced.” 
Compass believes markets like Australia would follow this trend soon, as more and more occupiers were reviewing the inefficiencies in their real estate budgets – all the way up to large firms like Google or Qantas, which are all using serviced offices, he said. 
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Hong Kong serviced office operator makes first foray into Australia with Melbourne lease

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In one of the biggest Sydney industrial sales this year, listed property group Stockland has exchanged unconditional contracts on the Forrester Distribution Centre in Sydney's western suburbs of St Marys for $72.85 million.
Owned by the Goodman Australia Industrial Fund, the 12 hectare site at 40–88 Forrester Road incorporates three warehouses totalling 60,239 square metres. 
The centre is leased to ACI, a wholly-owned subsidiary of Owens-Illinois, on a 5.3 year WALE with fixed annual rental increases.
Stockland managing director Mark Steinert, said: "One of our key strategic focus areas is to grow our industrial business as a core part of our diversified portfolio.
"This asset is a strong addition to our industrial portfolio and demonstrates our disciplined approach to buying accretive assets in key, strategic locations.”
Stockland outlined its industrial strategy in May and the Forrester Road property represents the first purchase under that new direction. It also adds to Stockland’s existing industrial portfolio, which at June 30, 2013 stood at 13 industrial properties with a combined gross lettable area (GLA) of 963,047 square metres and a total value of $0.83 billion.
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St Marys industrial centre changes hands for $72.85 million

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Katherine Jimenez

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