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A private investor has outlaid $12.2 million for a freestanding office/warehouse facility in Lidcombe in Sydney's west.
Located at 42 Birnie Avenue, the modern warehouse has a site area of 13,850 square  metres and a building area of 8,069 square metres.
The property comprises two units, with unit 1 featuring a modern three story freestanding office building, ground floor cafe and a high clearance warehouse to the rear.  The total area of unit 1 is 5,229 square metres.
The second unit 2 is a two-story office building with attached high clearance warehouse. The total area of unit 2 is 2,794 square metres. 
The vendor was TH &amp; TH Chung.
The sale was negotiated by Adam Micola of Savills Industrial .
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Lidcombe, Sydney office/warehouse fetches $12.2 million

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A strata-titled commercial property at Noosaville on the Sunshine Coast has sold under the hammer for $1.1 million.
A local investor purchased the 5/5 Gibson Road property on a yield of about 8.77%. 
John Petralia and Paul Forrest of Ray White Commercial Noosa negotiated the sale on behalf of local business owners.
The 395 square metre property is leased to Jetts Fitness Noosa, which has five years remaining on its current lease. The gym operator is paying net rental of about $96,500 per annum.
Mr Petralia said the marketing campaign for the property attracted about 40 enquiries with one offer to purchase prior to auction.
“With official interest rates at record lows and growing consumer confidence, the moral of this story if you are considering a property that is going to auction make sure you are in position to bid,” he said.
Commercial property yields, he added, were currently ranging between eight to 10%, almost double residential investment yields.
“There is a significant amount of money, including self- managed superannuation funds, chasing quality commercial properties,” said Mr Petralia. 
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Noosaville commercial property sells for $1.1 million under the hammer

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A warehouse unit in the Bibra Lake industrial precinct south of Perth has been sold for $240,000. 
The 4/84 Barberry Way property offered total floor space of about 144 square metres, including a mezzanine level and was built in 2008. The vendor was Belregis Pty Ltd.
Chad Parham and Mathew Garbin of Ray White Commercial Perth were the selling agents.  
The purchaser was a local owner/occupier. 
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Local owner-occupier buys Bibra Lake, Perth warehouse unit

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One of Melbourne's most prominent high streets, Church Street in Brighton, has attracted two national retailers to the area - Trenery and Bonds Kids. 
Trenery, a subsidiary of Country Road Limited, has secured more than 700 square metres at 46a Church Street (pictured above), while Bonds Kids, a subsidiary of Pacific Brands, is opening a store at 40B Church Street.
It is understood the Trenery tenancy is the first Victorian suburban stand-alone store as part of a select roll out of stores under the guidance of the Country Road group.
The premises were previously occupied by Browns Bakery and returned about $86,000 per annum, however Trenery have committed to a rental close to $135,000 per annum. “The space has now been transformed into an ultra-modern tenancy and is regarding as one the most impressive in the street,” said Fitzroys senior associate and leasing agent, Mark Talbot.
The <a href="https://www.propertyobserver.com.au/x-apple-data-detectors://4">40B Church St</a> lease to Bonds Kids is smaller in size but attracted a rental close to $100,000.
“Previously occupied by Stride-Rite, Bonds Kids have also completed a high-end fit out of their new premises, which is sure to rival other children’s wear operators within the street,” Mr. Talbot said.
The Bonds Kids group was currently undertaking a rapid expansion into a select number of shopping strips with, Fitzroys also brokering the lease to Bonds Kids at the Malvern Road, Hawksburn.
The rent payable for Malvern Road store tenancy is believed to be about $90,000 per annum.
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National retailers drawn to Church Street, Brighton

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Sushing - the owners of Sushi Train - is opening its popular Japanese eatery in the North Lakes Central mixed development site in Brisbane.
The company has leased 116 square metres, at shop 102 in North Lakes Central, for 10 years. The outlet and restaurant opens in June.
The lease was handled by Ray White Commercial Brisbane Northside’s Robert Rey and Ellie McGovern.
“This will be the first Sushi Train and Japanese restaurant opening in North Lakes outside of the Westfield Shopping Centre, giving people a convenient location to dine for lunch and dinner,” Mr Rey said.
“We are also looking for another restaurant of similar size to join this restaurant strip.”
North Lakes Central is 25 kilometres north of the Brisbane CBD and the development will aim to provide residents and workers in the fast growing North Lakes area with a mix of restaurants, retail and offices all situated in the one building.
Sushing has secured the North Lakes Central tenancy for a net rental of $62,110 per annum.
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Sushi Train owners opening new store in North Lakes Central development, Brisbane

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Automotive Brands has leased a warehouse facility in the outer Brisbane suburb of Willawong to accommodate its expanding operations. 
The property, at 26 Industrial Crescent, sits within the Acacia Link Business Park and is owned and operated by Goodman. It features a near new 9,712 square metre warehouse building, which has high bay storage areas, office space and internal clearances of at least 10.4 metres. 
CBRE’s Peter Turnbull negotiated the lease deal on behalf of vendor Goodman. Automotive Brands - a division of Metcash Limited - signed a five-year term on the property. 
“This building is almost twice as large as the tenant’s current property in Coopers Plains, which will support and help expand Automotive Brands’ Brisbane operations,” Mr Turnbull said. 
The Acacia Link Business Park is 14 kilometres from the CBD, and benefits from a close proximity to the Logan Motorway, Beaudesert Road and the Ipswich Motorway. 
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Automotive Brands lease Willawong, Brisbane warehouse

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A 7,456 square metre industrial property situated within the Port Melbourne precinct, which currently undergoing urban renewal, has been listed for sale.
The 320 Plummer Street property is described as having a high profile position in the heart of the state government’s Fishermans Bend Urban Renewal Area Plan and offering a range of development opportunities.
The property features a high clearance warehouse totalling 3,110 square metres and an adjoining hardstand, which is in excess of 4,000 square metres in area, with the ability to be occupied immediately. It also has exposure and access to three street frontages. 
CBRE’s Harry Kalaitzis is marketing the property, in conjunction with colleague Dean Hunt.
The expressions of interest campaign closes on 21 May.
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Fishermans Bend, Port Melbourne industrial property listed

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The logistics and transport sectors have emerged as a shot in the arm for Melbourne' s industrial property market, in the wake of the departures of Ford and Toyota from the state.  
A new first half industrial market report from Colliers International titled Investors tighten their grip, said sectors such as direct logistics and 3PL are filling the void created by the continued contraction of manufacturing in Melbourne, as the growing population demands goods, such as cars, that were once made locally and are now imported.
All those goods, it says, require land for and infrastructure for storage and transportation.
"In the northern industrial market, a number of major logistics users are currently in negotiations to lease around 120,000 square metres of space, while the west is now a hub for some of the largest distribution centres in the country", Colliers noted.
Other factors boding well for the city is the high population growth. In the year to September 2013, the city's population grew by 110,500. While the revitalisation of the residential market, particularly the land subdivision market, was also increasing demand in this sector, it added. 
With production of Toyota and Ford not due to fully cease until 2017, Colliers believes that the implications of the shutdown of the motor vehicle industry in Victoria may not be felt for some time.
However it estimates that about 260 hectares of land in total is due to be vacated by car manufacturers in Victoria, of which 205 hectares is in Melbourne itself.
It sees the greatest opportunity to be in Toyota’s site in Altona North, and Holden’s and Toyota’s sites in Port Melbourne.
"The Altona North market is notoriously tightly held, and it is expected that a number of industrial developers will be eyeing the opportunity to redevelop or redeploy the site for alternative manufactures uses", said the report.
The report also went into detail about the flow on effect to the parts manufacturers currently supplying parts to Ford and Toyota.
The south-east precinct is identified as having the highest concentration of impacted industrial space in Melbourne, at almost 370,000 square metres.
"Even though the south-east does not house any major manufacturers producing cars, there is a large parts supplier industry, which is a leftover relic of the days when Holden and others used to manufacture in the area".
 The Outer East also has about 270,000 square metres of space occupied by parts suppliers, the biggest of which is believed to be ANCA plant in Bayswater, which employs around 400 people.
"This plant also exports a large proportion of its product, and is expected to be largely unaffected by the local shutdowns," it added.
All up, Colliers estimates the car manufacturers and car suppliers occupy almost 1.6 million square metres of industrial space throughout Melbourne and Geelong. About 650,000 square metres of this space is occupied by the three  major manufacturers, leaving a further 950,000 square metres of space occupied by parts suppliers.
Colliers said it was difficult to quantify just how many of the parts suppliers would shut down and/or vacate their premises given that many now export their product and have divserified.
It estimates that about 30% of these parts suppliers will be able to survive in the long term.
"If this figure is correct, then about 665,000 square metres of space around Melbourne and Geelong could be vacated", it concluded.
"The biggest impact will be in the south-east and outer east, as these have more scattered plants, and no large manufacturing sites that could be converted to other uses".
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Melbourne industrial market buoyed by logistics and transport sectors

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Agent: Karen Mychaelle Seeto<img src="/images/2014/04/14/Karen-Seeto--PROFILE.jpg" alt="" style="float: right;">
Position: Sales/Principal
Company: Ray White Commercial
Location: Brisbane
How long have you been in the industry?
12 years.
What’s happening in the area you specialise in?
The commercial industrial property market is seeing increased buyer activity. This is in both tenanted and vacant assets.
Describe the most interesting property you have sold:
The most interesting property I have sold is Wirrina Cove in South Australia. The sale of Wirrina Cove encompassed selling of the following:
<ul>
<li>Resort, Conference Centre, Golf Course</li>
<li>Caravan Park</li>
<li>Undeveloped Land</li>
<li>Developed Lots</li>
<li>Marina Berths and Head Lease</li>
</ul>
The assets were sold in five stages and were marketed with a budget of $449,951.07, generating a total of 851 enquiries.
What are the ingredients to being successful in your job?
<ul>
<li>People skills</li>
<li>Team work</li>
<li>Negotiation skills</li>
<li>Efficiency</li>
<li>Product knowledge</li>
<li>Commitment</li>
</ul>
What aspects of your role do you enjoy the most? 
I enjoy working with people and being able to help them with both the sales and acquisition of assets.  In all situations being able to look for the win for both parties to ensure a successful outcome.
Where would you invest a spare $750,000?
The residential investment market.
Which football team do you support?
I don't. Netball - Firebirds 
What’s your favourite app or techno gadget?
The new iPad air.
How do you use social media?
Website - <a href="https://kms.raywhitecommercial.com.au/" target="_blank">https://kms.raywhitecommercial.com.au/</a>
Linkedin - <a href="https://au.linkedin.com/pub/karen-mychaelle-seeto/63/b02/b00" target="_blank">https://au.linkedin.com/pub/karen-mychaelle-seeto/63/b02/b00</a>
Twitter - <a href="https://twitter.com/KarenSeeto" target="_blank">https://twitter.com/KarenSeeto</a>
Facebook - <a href="https://www.facebook.com/karenmychaelleseeto" target="_blank">https://www.facebook.com/karenmychaelleseeto</a>  
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In profile: Ray White Commercial's principal - Brisbane, Karen Mychaelle Seeto

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Strata office suites in a prominent building in Melbourne's Docklands have been listed for sale. 
The strata units are situated on levels one and two of the Site one building, at 757 Bourke Street - considered to be the heart of the Dockland's financial business district. Site one is an office, retail and residential complex comprising a total of about 1,435 square metres of fully air-conditioned office space split over two levels.
Marketing the suites are Ray White Commercial's Queensland associate director Chris Heydon and Blair Main Director of TM Realty Docklands.
“Each office is fully carpeted with plaster walls, suspended ceilings, heating and cooling, and data and electrical points throughout", said Mr Heydon.
The offices range in size from about 30 square metres to 65 square metres.
The tenancy mix in building consists of professionals ranging from lawyers, marketers, engineers and recruiters as well as some of Australia’s major sporting organisations. 
Each floor had two kitchenettes, shower facilities and male and female amenities.
“Office tenants will also enjoy access to the Trevor Main Business Centre on level one which consists of a reception area as well as four state of the art meeting/board rooms”, added Mr Heydon. 
The ground floor tenancies of the building included an IGA supermarket, Degani Bakery Café, Booji Café, La Tadka Restaurant and the Nixon Hotel Bar and Restaurant.
Nearby is also some of the country's biggest companies - the National Australia Bank, KPMG, Lion Nathan, March Mercer, and the Commonwealth Bank and many more. 
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Strata offices in Docklands listed

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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