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China's love affair with Australian real estate market is growing, with at least $1.5 billion set to be invested locally in over the coming years.
Recent research from CBRE revealed that Chinese insurance funds, alone, had about US$14 billion available for overseas real estate investment. Australia was among a handful of countries it identified as "key targets" for that money.
Underpinning the attraction said Cushman &amp; Wakefield director of investment sales, Mr Tony Dixon was that "Australia was high yielding".
Yields had been compressing in other regions of the world, he said, but that it hadn’t happened to the same extent in Australia. Political stability, transparency and the positive property fundamentals were also appealing.
In the last 12 months, he estimates more than $1 billion has been spent by Chinese investors buying local real estate.
In a paper last month on Chinese investment in Australian property, Colliers International identified that investment was coming from four major sources: Banks and financial institutions; Developers with global ambitions;  large state-owned enterprises (SOEs) and China sovereign wealth funds (SWFs) and high net worth individuals.
The Colliers paper also said that while the increase in Chinese investment in the Australian residential property market has been widely reported, statistics show that Chinese investors are putting their money into a wide range of commercial property assets.
“While first time private investors may start by looking at residential investments, the more experienced investors have a broader appetite, and we’re receiving interest across a range of asset classes from farmland and wineries through to retirement, hotel, retail and large office building assets,” said Steam Leung, director of investment sales at Colliers International, who heads up the company’s Asian Division.
“However the most common enquiries are seeking Commercial A and B-grade offices and residential sites.”
Colliers estimates that Chinese investors have spent more than $600 million in the year to date on residential development sites in Sydney alone, with plans for almost 5,000 units on these sites.
Mr Dixon said that the indication from Chinese groups was that at least a further $1.5 billion could be invested in Australian real estate. But he emphasised that "if deals show themselves, they will do a deal".
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Australia identified as a 'key target' by Chinese insurance funds

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The glut of office sublease space facing most Australian capital cities appears to have peaked.
A national review of the sublease office market by CBRE, titled Sublease Barometers - showed that the amount of sublease space is hovering between 70,000 square metres and 80,000 square metres in Sydney, Melbourne, Brisbane and Perth.
And while the figures are above historic average, the expectation was that no significant tranches of new sublease space were expected to come to the market in the near future.
<img src="/images/stories/2013/10/29/chart_of_the_week_oct_29.jpg" width="470" height="250" alt="chart_of_the_week_oct_29">
Source: CBRE
CBRE regional director, office services, Andrew Tracey pointed out that "much of the available stock is subject to very short lease tails with expiries in 2014 and 2015." 
"This is more of a deferred direct hidden vacancy issue given the inherent difficulty in leasing space with less than a three year lease expiry.
"Much of this stock is expected to revert back to direct vacancy, which will significantly reduce the volume of available sublease space."
In short, CBRE believes that the availability of office sublease space nationally is likely to have peaked
In assessing the state of the national office sublease market, The Sublease Barometers tracked both the volume of sublease space, the trends occurring within different industry groups and market sectors in the major capital city markets.
The results varied significantly between the small and bigger cities. Canberra recorded the least sublease space available at just 8,553 square metres in September. Conditions are expected to change any day as various government departments are restructured, leading to public sector rationalisation.
Market influencers also varied by city. It said the mining sector, as expected, had a much more significant influence on the Perth and Brisbane markets given the recent slowdown in this sector to which both cities have a high exposure.
At the same time, Brisbane’s high exposure to government tenants also resulted in that city being hit by Queensland state government job cuts and consolidation, with almost 2,500 full-time equivalent jobs in inner Brisbane cut from the Queensland public service in 2013, CBRE said.
While Sydney's high exposure to the finance industry saw it hit hard by the low sentiment in that sector.
But Mr Tracey noted that employment in the Sydney finance and insurance sector had increased by 4.5% in the September quarter, surpassing the national figure of 0.4%.
"With this sector being the main contributor of sublease space, overall availabilities may start to decline as business sentiment improves,” he said.
He concluded by saying that the national office leasing market was expected to show signs of improvement in the second half of 2014 and early 2015 as business confidence improved.    
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Glut of national office sublease space appears to have peaked

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<img src="/images/stories/2013/10/29/KF_STACKED_RGB.jpg" width="200" height="75" alt="KF_STACKED_RGB" style="display: block; margin-left: auto; margin-right: auto;">
Name: Greg McAlpine<img src="/images/stories/2013/10/29/greg-mcalpine-profile.jpg" width="150" height="200" alt="greg-mcalpine-profile" style="float: right;">

Position: National director of office leasing

Company: Knight Frank

Office Location: Perth
 
How long have you been in the industry?
 
I have been working in the property for 27 years.


What’s happening in the area you specialise in? 
 
The Perth office leasing market has softened over the last 18 months. That said, we do expect to see demand pick up in the Q1/Q2 next year.


Describe the most interesting property you have sold?
 
An OPSM glasses factory in Bayswater. It was a really interesting property as it gave me a “behind the scene” look into the technology that goes into making glasses, different styles and the strength of the glass that actually goes into the glasses.


What are the ingredients to being successful in your job?
 
Hard work, discipline and doing what you say.


What aspects of your role do you enjoy the most?
 
Meeting and talking to new people every day.


Where would you invest a spare $750,000?
 
In Perth residential within a 7 kilometres radius of the CBD.


Which football team do you support?
 
The Fremantle Dockers - At last, some success!


What’s your favourite app or techno gadget?
 Favourite 

gadget is my TENS Machine (Transcutaneous electrical nerve stimulation) a must for tennis tournaments to get the aching knees and shoulders through three or four days of tennis straight.
How do you use social media?
 
<a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/greg-mcalpine/50/903/55" target="_blank">LinkedIn</a> for keeping up to speed with the industry news and connected with contacts.
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In profile: Knight Frank's national director of office leasing, Greg McAlpine

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Leasing activity in Adelaide's industrial property market surged nearly 20% in the 12 months to September, buoyed by improving economic conditions.
Data from Savills Australia's Spotlight Adelaide Industrial report showed total space leased - based on leases of more than 700 square metres- rose by 45,698 square metres to 282,352 square metres from 66 deals in the 12 months to September. That compared to the previous corresponding period which recorded a total of 236,654 square metres of stock reported leased from 90 deals.
<img alt="chart-of-the-weeek-cot-23" height="282" width="470" src="/images/stories/2013/10/23/chart-of-the-weeek-cot-23.png">
Leases in the manufacturing and engineering sectors made up the bulk of the industrial leasing activity, accounting for 100,795 square metres of space reported leased, the report said.
The transport and logistics sectors had the most number of leasing deals, with 16 or 24% of the market.
Savills examined Adelaide's five main industrial precincts in the report- the Inner West, North, North West, South and South West.
Of the three precincts, it found that the North, Inner West and South all recorded decreases in leasing activity over the period,  however leasing activity in the North West increased significantly with 143,059 square metres reported leased. The North West registered the greatest number of leasing deals at 30.
Savills also noted that the largest volume of industrial activity took place in the 2,000 to 5,000 square metre categories, closely followed by the 15,000 plus square metre category
Looking ahead, Savills expects the number of leasing deals to remain steady in the short term while the economy continues to recover, increasing in the medium term as a larger number of tenants return to the market.
The report, which also examined sales activity, highlighted that Adelaide’s industrial sector is experiencing "a time of great change” with several major projects, in particular those in the mining and defence sectors, expected to drive growth and investment in the market.
"As these projects become more established we can expect to see an increase in both the number and value of industrial sales and leasing transactions," it said.
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Adelaide's industrial property market surges by 20%: Savills

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The historic Gracemere Hotel at Gracemere in central Queensland has been slated for sale.
Constructed in 1885, the double storey building is located on the Old Capricorn Highway and is adjacent to the recently opened Gracemere Shopping World, which has Woolworths and Best &amp; Less as anchor tenants.
The hotel - about 11 kilometres from the Rockhampton CBD - is being marketed by Tony Bargwanna and Leon Alaban of Ray White Hotels Australia.
Mr Bargwanna said the hotel enjoys a reliable trade and no immediate competition in a diverse local economy.
“The hotel in the 2012-13 financial year generated turnover of approximately $7 million plus gaming revenue,” he said.
The hotel, which has had multiple refurbishments, comprises of a sports bar, a bistro and dining area accommodating around 175 patrons, a gaming lounge with 30 EGMs, PubTAB, Keno, a bottle shop, commercial kitchen, children’s playground and eight hotel guest rooms. The land area is about 2,829 square metres.
“The current owners have identified that the sports bar and beer garden would be next areas of growth for the Hotel; concept plans for future works to these areas have already been prepared, added Mr Bargwanna.
While Mr Alaban said the gaming room could easily accommodate an additional 10 electronic gaming machines, subject to approval. “For strategic purchasers, we also believe the acquisition of a vacant block of land adjacent to the hotel car park could be targeted to construct a motel or expand the bottleshop and the car park area,” he said.
Expressions of interest close on November 13.
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Central Queensland's historic Gracemere Hotel slated for sale

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A city fringe office building in Melbourne's seaside suburb of St Kilda has been slated with price expectations of more than $11 million.
The 180 St Kilda Road building is spread over three levels and is being offered for sale with pending vacant possession.
Co-selling agent Peter Bremner of Colliers International said there was a current lease in place to Austereo, with a sub-lease in place to current occupant Village Roadshow, until 30 June 2014 and no further options, "meaning a business could plan for their future in the medium to long term while receiving just over $1 million per annum in rental income in the short term".
The join agent is Jeremy Gruzewski also of Colliers.
The property sits on a 1,258 square metres freehold parcel of land and the building is described as "modern" and "refurbished". It comprises 2,951 square metres of office space, plus a 285 square metre rooftop deck and 61 car bays.
“Opportunities to purchase a building of this size with pending vacant possession in one of Melbourne’s most tightly held office markets are genuinely rare, especially for standalone buildings with such high exposure and presence," said Mr Bremner.
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Three storey St Kilda office slated for expected $11 million plus sale

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A private investor has snapped up a new industrial warehouse in the northern Brisbane suburb of Banyo for $420,000.
Located just 12 kilometers north of the Brisbane CBD, the warehouse, at 5/368 Earnshaw Road, features a 5x5 metre roller shutter door and four allocated car parks.
Tim Langford of Ray White Industrial Milton sold the property.
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Private investor snaps up new industrial warehouse in Banyo, Brisbane

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A 5,150 square metre warehouse and office investment property in Melbourne's Footscray West has sold for $1.35 million.
The sale to a private investor represented a yield of 11.5% on a WALE (weighted average lease to expiry) of two years.
The 1 Paramount Road property includes a warehouse and office covering 3,050 square metres and has been leased to the same tenant since 1997, which intends to remain on the property for at least another two years.
DTZ selling agent Rob Mirabello said "This is an excellent sales result given the yield achieved and the remaining lease term".
Mirabello also pointed out that there scope is for planning upside, “with the property located in an area that may be rezoned for residential development in future years.”
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Footscray West warehouse and office sells for $1.35 million

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A rare piece of retail strip on Melbourne's prominent Collins Street is returning to the market.
The retail pocket, at 150 Collins Street, sits within a much larger development due to be completed in August 2014 and will be home to Westpac's new head office.
Gorcon and APN Property Group are developing the project, estimated to have an end value of $180 million.
<img src="/images/stories/2013/10/23/melbourne_oct_23_one.jpg" width="470" height="353" alt="melbourne_oct_23_one">
Artists impression of the 150 Collins Street development
As part of the development, about 650 square metres of retail space, fronting Little Collins Street, will be offered for lease to retailers.
A new state-of-the-art Westpac branch, located on the corner of Russell and Little Collins Street, will anchor the retail offering. The branch will be taking about 330 square metres of the total retail component - roughly 1000 square metres.
A further seven retail tenancies are being offered for lease by Michael Rainey from Fitzroys. The largest tenancy offering has direct access to the main office foyer at Ground Level, and has the ability to be expanded into a mezzanine tenancy. All other tenancies front Little Collins Street, with a number of them with heritage listed art deco frontages. Areas range from 29 square metres to 143 square metres.
Retail rents are $1,000 per square metre to $2,750 square metres plus for the small shops.
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Rare Collins Street retail strip offered for lease

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Investors’ insatiable appetite for prime retail real estate is set see investment sales in the sector produce new record highs this year.
This week alone, more than $120 million worth of retail property assets changed hands in Sydney and Adelaide.
The high-profile Oxford Square commercial retail complex in Sydney's CBD sold for $62.7 million to the Australian Property Opportunities Fund.
<img alt="oxford_square_oct_23_one" height="313" width="470" src="/images/stories/2013/10/23/oxford_square_oct_23_one.jpg">
Photo: Oxford Square, Darlinghurst
Oxford Square is fully leased, with a net income of about $5,025,000 per annum. The site has a 48-metre frontage to Oxford Street and a total gross lettable area of 12,088 square metres.
Jones Lang LaSalle’s national head of retail investments Simon Rooney and manager of NSW retail investment sales Luke Harris oversaw the sale on behalf of a local private investor.
"While major deals above a$150 million still dominate the overall market, we’re also seeing an uplift in activity in the $50-150 million bracket this year", said Rooney, citing increased demand from the likes of syndicators and boutique fund managers
Such is the high level of demand that Rooney said including this most recent major sale, total retail transactions were at $5.3 billion.
"The current pace of activity suggests retail investment volumes are on track to produce a new record high in 2013, above the $6.5 billion recorded in 2012,” he said.
In a separate transaction, Charter Hall Retail REIT has acquired the Southgate Plaza in Adelaide's Morphett Vale for $60 million.
<img alt="morphett_oct_23_one" height="251" width="470" src="/images/stories/2013/10/23/morphett_oct_23_one.jpg">
Photo: Southgate Plaza, Morphett Vale
The plaza is located 21 kilometres south-west of the Adelaide CBD and is anchored by a recently expanded Target store and a refurbished Coles supermarket.
JLL's Simon Rooney also negotiated the Southgate deal. ISPT was the vendor.
Total sub-regional transactions for 2013 are now at $963.7 million year to date. That compares to $983.2 million in 2012.
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Record highs for prime retail investment sales

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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