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Brisbane's CBD office market appears to be in the middle of a perfect storm.
Research from Knight Frank, published in late September, found that the Brisbane market is not only being plagued by softening tenant demand and a shrinking state government workforce but also increasing private sector contraction.
<img src="/images/stories/2013/10/15/chart-of-the-week-oct-15.gif" width="470" height="449" alt="chart-of-the-week-oct-15">
Source: Knight Frank
As at July, the Brisbane CBD office market vacancy rate stood at 12.8%, with negative absorption of 64,069 square metres - the worst net absorption on record.
According to Knight Frank’s research director in Brisbane, Jennelle Wilson, the total available space arising from the private sector contraction was about 72,894 square metres, compared with 51,762 square metres as at February 2013.
“Narrowing the focus to just the contraction space, the state government accounts for some 44% of the 113,637 square metre contraction impact," said Ms Wilson. "Of the private sector, the resource sector (22%), finance (10%), IT/communications (8%) and engineering (6%) are the dominant contributors."
Despite the worst impact of those factors being in the past, the research said net absorption was not expected to recover in the short term, "with a negative result expected for the second half of 2013".
"However, this is not expected to be anywhere near as severe as in the first half of the year, with -11,170 square metres forecast".
Knight Frank director of CBD leasing, David Howson said "net absorption is expected to return to positive levels in the first half of 2014, with the steady improvement in international economic factors expected to have a flow through in confidence to the Australian market which has been crippled by indecision, exacerbated by the lengthy Federal election campaign".
He is tipping the vacancy rate to remain relatively unchanged to the end of the year, increasing to 12.9%.
Thereafter, Mr Howson added even though the net absorption was expected to take 12-18 months to recover to trend levels, "the absence of any new supply to the market will assist to bring the vacancy rate down during 2014 and 2015".
The vacancy rate was not forecast to fall below 10% before the next wave of supply additions in late 2015/2016, the research said.
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kjiminez-eaYKfU7qd2

Brisbane office market caught in a perfect storm

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<img src="/images/stories/2013/10/14/MRE-logo.png" width="235" height="127" alt="MRE-logo" style="display: block; margin-left: auto; margin-right: auto;">
Agent: Sam McVay<img src="/images/stories/2013/10/14/sam-mcvay-proifile.png" width="180" height="225" alt="sam-mcvay-proifile" style="float: right;">
Position: Managing director
Company: McVay Real Estate
Office Location: Sydney
How long have you been in the industry? 
12 years
What’s happening in the area you specialise in?
We focus on the sale of office buildings, hotels and shopping centres. In the last six months we've seen accelerated buyer appetite from both domestic and offshore groups, evidenced by the recent campaign and ultimate sale of the Four Seasons Hotel to a Mirae Asset Management. 
Describe the most interesting property you have sold?
I loved selling Birkenhead Point Shopping Centre a few years back. It has an interesting history and was a very complicated asset with lots of moving parts. In saying that, we are now <a target="_blank" href="https://www.propertyobserver.com.au/commercial/sydney-opera-house-car-park-up-for-sale/2013091865110">selling the Sydney Opera House Carpark</a> and it is an incredible feat of engineering with some amazing hidden tunnels that burrow under the Botanic Gardens.
What are the ingredients to being successful in your job?
Focus, passion, complete understanding of the property you're selling and a supportive wife.
What aspects of your role do you enjoy the most?
I enjoy the analytical and strategic side of our business but also love the human element that can dictate a deal happening or not. The closing celebrations are good fun too.
Where would you invest a spare $750,000?
There are some experienced boutique property syndicators out there who are taking advantage of the gaps in the current market.  I'd invest with those that contribute their own equity alongside that of investors and have their fees based primarily on the overall performance of the asset once it has been held for three plus years.
Which football team do you support?
Queensland Reds / Brisbane Broncos
What’s your favourite app or techno gadget?
We invested in a variety of cloud based IT systems that I discovered whilst living in the US. They have streamlined so many of our processes and allow us to adapt and scale as technology and our business evolve.
How do you use social media?
Typically for marketing of our current listings and major announcements, and to potentially find people that fit our expanding team.
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In profile: McVay Real Estate's managing director, Sam McVay

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The North Nowra Shopping centre in southern NSW has sold at auction for $4.705 million.

The neighbourhood shopping centre, at 9 McMahons Road, North Norwa, was purchased by a local private investor on a yield of about 7%.
It attracted 12 registered bidders at the auction.
Built in the 1980's, the centre has 20 outlets and has about 3,029 square metres of net lettable area.
The selling agent Scott Baxter, principal of Ray White Commercial Shoalhaven, said “the site has more than 100 car parking spaces and there's scope for further development, as current tenants are seeking extra space."  
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North Nowra Shopping Complex sells for $4.7 million

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A prime retail shop in the heart of Melbourne’s CBD has been listed for sale with price expectations north of $3.1million.
Fashion retailer Bell &amp; Barnett currently leases the shop, at 261 Little Collins Street, and pays an annual rent of $280,800 plus GST.
The shop is about 114 square metres in size and is already said to be attracting strong interest from investors and owner-occupiers. The shop goes under the hammer on 18 October. It is being marketed through CBRE Melbourne agents Josh Rutman, Ed Wright and Mark Wizel.
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Prime Little Collins Street retail shop to go under the hammer

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One of St Kilda's most well-known landmarks, the Coffee Palace Backpackers Lodge has been listed for sale and is expected to generate offers of about $7 million.
The 47-room property, at 24-6 Grey Street, is close to Melbourne’s busy Fitzroy St and has a total building area of about 1,680 square metres.
The property is leased to the operators under a lease which has an annual rental of $424,471 plus GST. But the five year lease, which started in May 2009, is due to expire on 31 April next year, leaving potential buyers with various options.
Expressions of Interest to purchase the freehold of the three-storey building close on Friday 15 November, through marketing agents Grant McKenzie and Russell Meerkin of Kliger Wood Real Estate.
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St Kilda backpackers lodge listed with $7 million expectations

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An owner-occupier has purchased a strata warehouse unit in Brisbane’s Eagle Farm for $255,000.
The tenanted property, at 16/300 Cullen Avenue, Eagle Farm, comprises 60 square metres of warehouse and 30 square metres of mezzanine storage and office space.
Selling agent Tim Langford of Ray White Industrial Milton said the strata unit was currently leased for about $13,500 per annum and zoned general industry.
“The current tenant is using the site to store furniture whilst building a house and will vacate the property when the lease expires in February next year," he said.
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Strata warehouse unit sale in Eagle Farm, Brisbane

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A Singapore-based private investor has paid $1.95 million for a BP service station in Brisbane's Cleveland.
The BP service station, at 376 Bloomfield Street, comprises a convenience store, a large storage area, on-grade car parking areas and sits on a total site area of 1,590 square metres.
The property is leased to BP on a nine-year term until August 2017, with two further five-year options.
The selling agents were Michael Harcourt and Jon Tyson of Savills retail sales. More than 100 enquiries were received for the property.  
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Singapore-based investor buys Cleveland, Brisbane service station

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A private investor has beaten several rival bidders to purchase a prime residential site in Perth's Highgate for $1.3 million.
The 71 Mary Street site is located metres away from Hyde Park and Beaufort Street’s popular restaurant precinct and offers the potential for a grouped dwellings development.
The 569 square metre site is currently home to an older-style house.
Selling agent Colliers International’s Aaron Antonas said the prime location and development potential of the site had seen it attract five offers, with the successful bid a cash unconditional offer by a private investor.  
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Private investor pays $1.3m for prime Highgate residential site

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A spate of leasing deals has bolstered the vacancy rate in a newly refurbished building in Sydney’s Drummoyne to nearly 70%.
MRA Consulting recently secured 107 square metres of office space in the 19 Roseby Street building, while Accountancy Insurance signed a five year lease for 214 square metres of office space.
The deals were negotiated at about $420 to $450 per square metre gross.
CBRE senior negotiator for commercial sale and leasing Nick Sinclair said a further 1,032 square metres of space was under offer to seven tenants, leaving just 100 square metres of vacancy.
Since January, about 2,400 square metres of office space has been leased in the building. The latest two leasing deals take the vacancy in the building to just fewer than 70%. Renovations were completed in August.
The largest deal done in the Roseby Street property this year was the leasing of an 830 square metre office space to Redcape Hotel Group, who relocated its head office to the building, said Mr Sinclair.  
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Spate of leasing deals at refurbished Drummoyne building

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Companies wanting to achieve a zero carbon footprint are being offered a piece of Australia's only ecologically sustainable, carbon neutral business park in the Yatala Enterprise Area on the northern Gold Coast.
A range of warehouse and office leasing opportunities have become available in the business park, located just off the Pacific Motorway, at 6 Quinns Hill Road East, Stapylton.
The offering includes two clear span warehouses of 1200 square metres and an 850 square metres, respectively, a double storey office of 271 square metres and 88 square metres of office space in a carefully restored Queenslander-style building.
Steve Jeffery and Kelly Zeckovic of Ray White Commercial Robina have been appointed exclusive marketing agents.
<img src="/images/stories/2013/10/09/stayplton_oct_9_one.jpg" width="470" height="353" alt="stayplton_oct_9_one">
Building seven at Yatala Enterprise Area.
A key feature of the multi-award winning estate was the significantly lower overheads for tenants.
Mr Jeffery said on-site water and sewerage treatment meant reduced outgoings, while water pumps, street lighting and security systems were driven by grid-connected solar power.
"Both warehouses have energy-efficient lighting plus passive solar lighting and the translucent roof sheeting provides ample natural day lighting, further reducing energy consumption," he added.
The warehouses are available for lease for about $118 per square metre per annum net plus outgoings while the offices are priced at $200 per square metre per annum plus outgoings.
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Leasing opportunities at Australia's only ecologically sustainable, carbon neutral business park

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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