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Industrial raw material supplier Bisley &amp; Company Pty Ltd has leased an office suite in Sydney's northern suburb of Chatswood.  
The company secured 529 square metres of space, at suite 12.01,799 Pacific Highway on a five-year term. The lease was struck at an initial rental of $538 gross per square metre.
CBRE’s Stefan Perkowski negotiated the lease on behalf of lessor Tackelly Pty Limited.
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Bisley & Company Pty Ltd lease Chatswood office suite

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A 1,273 square metre vacancy created by the departure of the Australian Tax Office at 414 LaTrobe Street in Melbourne's CBD has been filled by Blue Rock Australia.  
The local accountancy, law and wealth management firm agreed to lease the one and a half floors on a term of seven years. It is understood the rent is in the mid-to-high $300s per square metre (net). 
Colliers International’s Edward Knowles negotiated the lease. 
“The business is experiencing rapid growth, hence the move from a 350 square metre floor plate in a boutique building to 1,273 square metre over the top one and a half floors in a higher grade building,” said Knowles. 
Blue Rock is due to relocate into the new premises in June. 
Knowles said the first quarter of 2014 had seen improved business sentiment and consumer confidence which was propelling activity in the Melbourne CBD office leasing market.
“The first signs of improvement in the market are starting to be seen,” he added. 
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Blue Rock Australia sign La Trobe Street lease

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Australian investors have a rare opportunity to own their own golf course. 
Two of Australia’s most prominent coastal golf courses - Moonah Links and The Sands Torquay in Victoria - have just hit the market either individually or as a combined package.
Moonah Links, known in international golfing circles as the “Home of Australian Golf”, is less than one and a half hour’s drive from Melbourne on the Mornington Peninsula, near Gunnamatta Beach. 
The estate features two 18-hole championship golf courses. Prominent golfer Peter Thomson designed Open course that hosted both the 2003 and 2005 Australian Opens.
The adjoining elite golf academy has world-class training facilities and accommodation villas. The property also benefits from a Peppers-managed hotel with 36 suites and 52 rooms and includes a club house with restaurant and conference facilities. The site also includes additional development land with attendant permits.
Opened in 2004, the Sands Torquay, located on the northern headland of Torquay, features the only Stuart Appleby-designed championship 18-hole golf course, as well as a large modern club house.
An 112-suite Peppers-managed hotel is also on the site and includes restaurant and conference facilities. The property also benefits from a separately operated Health Club business with a 25-metre indoor pool, two tennis courts and gymnasium facilities. Included in the sale is the Englobo development site of about 4,000 square metres.
CBRE's Scott Callow and Rob Cross are marketing the property on behalf of  the Handbury Group. 
“Handbury Group has been approached on numerous occasions by prospective purchasers for both the golf and hotel assets", said Callow.
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Two of the country's most prominent golf courses up for sale

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The Former State Bank of Seddon in Melbourne's Seddon will go under the hammer next month, with price expectations of more than $1 million.
The 30 Pentland Parade property is over 90 years old and is currently used as a meeting space, conference hall and residence. It has been owned by the Grand Lodge of Victoria for the past 25 years.
In the 70s the bank became famous in the national news when the branch was robbed by two armed bandits taking away a sum of $1,375 dollars.
The bank manager at the time was quick on his feet by dropping a dye capsule into the bag of money. The bandits then took a parting shot at the ceiling before fleeing. The original bank vault is still in the property.
The property is set on a large corner block of 470 square metres and includes a large front reception area, eight rooms including four bedrooms, two kitchens, one bathroom and three separate toilets. It also comprises parking for six cars.
The building goes to auction on 24 May through Hayden Kay of Barry Plant Yarraville.
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The Former State Bank of Seddon to go under the hammer next month

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Agent: Tim Mutton<img src="/images/2014/04/22/Mutton-Tim-profielk.jpg" alt="" style="float: right;">
Position: Director - investment services and office leasing
Company: Colliers International
Office location: Canberra
How long have you been in the industry?
Joined Colliers International as a graduate in 2003.
What's happening in the area you specialise in?
The increasing volume of capital looking for investment in Australian real estate markets has seen competition for commercial investment property increase. This has affected the majority of Australian Capital cities and Canberra is no different. Sales activity in the first quarter of 2014 has been strong and values are under upward pressure.
Describe the most interesting property you have sold 
In 2012 I was involved in the sale of an office building occupied by the Australian Taxation Office (ATO) in Albury, NSW. This property was built for ATO and was built with a number of features for the ATO. The property was attractive to a number of investors given the high quality tenant but given its regional location was different to anything seen in the market for some time. The property attracted local and international interest and saw spirited bidding.
What are the ingredients to being successful in your job?
I strongly believe that to be a good agent you need an enquiring mind. You need to be able to think laterally and not be afraid to spend time understanding your clients and their properties. I also think you have to be patient. A lot of people get into Real Estate for rapid results but you need to spend time learning your market, understanding the personalities operating in it and then turning this information into winning investment ideas for your clients.
What aspects of your role do you enjoy the most?
Uncovering value for my clients in areas overlooked by the majority. The number of times we have had good investment and development properties available but people have overlooked them to follow the herd into substandard assets baffles me.
Where would you invest a spare $750,000?
While Canberra's leasing market appears slow there appears to be good value emerging for properties with leases ranging from three to five years. If I had a spare $750,000 I would look into something in the CBD or Barton and take advantage of the current low interest rates and likelihood that the current leasing market conditions are at rock bottom and expected to improve in coming months.
Which football team do you support?
ACT Brumbies, Canberra Raiders and GWS Giants.
What's your favourite app or techno gadget?
I would be lost without my Sharp EL 735 calculator. Very old fashioned but faster than any app I have found to calculate values.
How do you use social media?
I use social media to keep track of colleagues and friends but also to better understand my client's and customers. The amount of information available in social networks is growing exponentially and to be able to have this information at my fingertips is amazing.
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In profile: Colliers International's director - investment services and office leasing, Tim Mutton

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In one of the strongest signs that corporate Australia is in recovery mode, the sub-lease vacancy rate across the CBD office markets contracted in the first quarter of this year.
Sub-lease availability, seen as a bellwether for business confidence in corporate Australia, recorded a reduction of 11,500 square metres across CBD office markets in the first quarter. The only city not to record a reduction was Melbourne.
The results were contained in JLL's Q1 statistics on the national office market report, which said the reduction was the "first sign that corporate Australia is moving from a consolidation to growth mode". 
But the positive numbers were muted by the national CBD office market vacancy rate, which held steady at 11.7% over the same period. 
JLL’s head of office leasing in NSW &amp; Australia, Tim O’Connor, noted that the "reduction in sub-lease availability we recorded over Q1 is the first phase of a metamorphosis from a weak leasing market to a market that is in the early stages of recovery". 
For a company to remove sub-lease space from the market, he said,  implied that it was likely to make headcount increases over the next two to three years. 
The Sydney CBD experienced the most notable reduction in sub-lease availability - falling by 10,500 square metres in Q1 to 1.27% of total stock. 
"Sub-lease availability is now at the lowest level since Q4 2012 in the Sydney CBD", said the report.
As a result, the Sydney CBD recorded its first positive quarterly net absorption result -1,500 square metres - since Q2 2012. Partly driving that uptake was the higher activity in technology sector. 
Mr O'Connor said that in Sydney, Symantec had leased additional space at 207 Kent Street, while a number of other technology firms had active requirements.
Despite Melbourne experiencing no reduction in sub-lease availability, the vacancy rate in the CBD fell to 10.4%, which a according to JLL is now the tightest of the monitored CBD office markets.
The tenant demand environment remained challenging in the resource-dependent markets of Brisbane and Perth. Both markets recorded a further quarter of negative net absorption in the first quarter. 
The Perth CBD recorded a seventh successive quarter of negative net absorption of -18,600 square metres. The contraction in net absorption over that period, it noted, had totalled -150,000 square metres. As a result, the vacancy rate in the Perth CBD moved out by 1.0 percentage point to 11.8%.
The reduction in Brisbane was a negative-1,600 square metres and the CBD vacancy  remained at a record high of 15.5%. 
JLL’s head of capital markets research, Andrew Ballantyne highlighted that the demand slowdown in the near-city markets of Brisbane Fringe and West Perth, which had a higher concentration of resource sector tenants than the CBD, had been more pronounced. "The West Perth vacancy rate has pushed out to 13.6%, while the Brisbane Fringe is sitting at 14.3%”, he said. 
Adelaide recorded zero net absorption over the quarter and vacancy remained at 13.9%, while Canberra recorded positive net absorption of 8,600 square metres.
O’Connor said: “The Reserve Bank of Australia recently noted that there are encouraging signs that the handover from mining-led demand growth to broader private demand is beginning".
"We expect the Sydney and Melbourne office markets to be the main beneficiaries of this transition over 2015 and 2016.” 
Supply additions across CBD office markets in 2014 were expected to be at the lowest level since 2002, he added.
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Sub-lease vacancy rate falls in strong sign of corporate recovery

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The Emporium Melbourne - billed as Melbourne's new shopping mecca - has officially opened its doors.
Formerly the home of the Myer Lonsdale Street store, the fully leased Emporium Melbourne will offer more than 220 international and local retailers over seven levels of what the owner CFS Retail Property Trust Group is describing as "world class retailing".
CFS Retail Property Trust Group chief executive Angus McNaughton, said: “We have delivered today a spectacular new retail destination for the Melbourne CBD which brings together a high quality mix of fashion and food, supported by some of the best retail brands in the world.”
Among some of the first-to-Australia brands include iconic Japanese brand Uniqlo in a four-level flagship store, youth brand Zoo York, The Waiting Room by Dr Denim, Calvin Klein Watches and Jewellery, and UCLA Store.
When complete the centre will also house more than 20 Melbourne flagships stores including a three-level Topshop, a two-level Super Glue, Nespresso, Muji, Oroton and Guess.
The centre will also feature a 1,100 seat cafe court and more than 20 popular Melbourne food names. Among them will be celebrity chef George Calombaris's new concept souvlaki bar, South Melbourne Dim Sims, Charlie and Co, Becasse Bakery and I Love Pho. 
This comes after it was delayed, originally <a href="/expert-insights/investing/emporium-melbournes-opening-delayed-until-2014">planned for a December 2013 opening</a>. It was originally <a href="/expert-insights/investing/emporium-melbourne-likely-to-open-with-85-occupancy-rate-in-2013-goldman-sachs">suggested to open with 85% occupancy</a>.
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The Emporium Melbourne officially opens its doors

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Expectations that Melbourne's CBD office market is in recovery mode have been declared premature by as much as 18 months.
The cautious assessment was revealed in BIS Shrapnel’s latest Melbourne Commercial Property Prospects 2014 to 2024 report which disputes claims that the mid-year fall in the city's CBD office vacancy rate from 9.8% to 8.7% as at December 2013 was a sign of a turnaround.
Instead, BIS Shrapnel senior project manager and report author, Maria Lee, attributed the reduction in vacancy rate in December 2013 to an unusually high level of withdrawals from stock.
"Had it not been for those withdrawals, the vacancy rate would have increased because net absorption was very weak", said Lee.
BIS Shrapnel doesn't expect such high levels of withdrawals to continue.
"The market will have trouble absorbing the quantum of floor space due for completion this year and next", she said.
"That said, due to the lumpy nature of completions it’s quite possible that the vacancy rate will fall temporarily in June 2014, but essentially we are bumping around the bottom in terms of the leasing market, vacancies and rents.”
BIS Shrapnel expects net absorption to remain fairly moderate in the near term, albeit it should pick up from the 10 year low recorded in calendar 2013.
Driving that view is the sustained soft patch in the Victorian economy. Specifically, Lee points to residential building activity falling, non-residential building being subdued and cuts in government investment a drag on growth.
She added that the high Australian dollar over the past few years had hit Victoria’s key trade-exposed industries, namely agriculture, manufacturing, finance and business services, international student education, and tourism.
Those factors "will not turn around immediately", said Lee.
BIS Shrapnel’s report sets out several reasons why the weakness in the Victorian economy is likely to continue for at least the next year before stronger fundamentals begin to reassert themselves:
<ul>
<li>Total building activity is likely to be soft for some time, dragged down by the residential sector despite the inner city apartment boom underway. </li>
<li>New public investment is expected to continue to trend downwards over the near-term as the state government attempts to consolidate the budget. </li>
<li>Engineering construction work done has further to fall due to the lack of major projects (apart from East West Link). </li>
<li>The Australian dollar is not yet weak enough to significantly boost the competitiveness of the state’s trade exposed sectors. Meanwhile, the closures of Ford, Holden and Toyota are a particular blow.</li>
</ul>
BIS Shrapnel anticipates that Victoria’s pace of economic growth will underperform against the national average for a "few more years".
For landlords and tenants, the report said, that meant that leasing incentives were likely to remain high for some time yet, continuing to affect owners but affording tenants a great opportunity to lock in low rents and/or upgrade to better quality accommodation.
Despite those headwinds, Lee made a point of saying that the economy was fundamentally strong and that the key drivers that underpinned the strength of the Victorian economy last decade were still in place.
"Consequently, the report forecasts a strong rebound in Melbourne’s office market in the second half of this decade," she said.  
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Forecasts of a Melbourne office recovery premature: BIS Shrapnel

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Former Wallabies player Matt Dunning has joined CBRE as a senior negotiator in its South Sydney industrial team.
Dunning, who had a distinguished career playing for the Australian rugby union team between 2003 and 2010, previously worked as business development manager at Workarena Pty Ltd. 
CBRE said that his appointment would bolster the agency's presence in region.
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Former Wallaby Matt Dunning joins CBRE South Sydney industrial team

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Knight Frank has bolstered its South Sydney industrial team, appointing Daniel O'Brien as a director.
O’Brien has over 15 years’ experience in the property industry and extensive experience across the commercial sales and leasing markets in South Sydney and the city fringe.
In his previous role, he was employed by CBRE as the head of its commercial division in the South Sydney office since 2005. He was with CBRE for 10 years. 
Knight Frank’s national director of industrial, Mr Eugene Evgenikos, said that O'Brien brought across  extensive experience and knowledge in the South Sydney market and would focus primarily on business space/commercial leasing and freestanding site sales.
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Knight Frank appoint new director to South Sydney industrial team

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.

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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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