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More than 2,000 auctions will be held nationwide this week with 1,954 across capital cities, according to CoreLogic RP Data.
1,000 auctions will be held across New South Wales and 883 in Victoria. 291 auctions are slated for Queensland.
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More than 2,000 auctions nationwide this week: CoreLogic RP Data

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Jess and Ayden from The Block will be giving their tips and tricks on building and designing a dream home at the South Ripley Providence HomeExpo Festival later on this month.
The Ipswich Valley home expo, to be held in South East Queensland on the weekend of August 22-23, is complete with 24 homes on display.
Metricon, Plantation Homes, Stylemaster, Ausbuild, Bold Properties, Burbank, Simonds, Hotondo Homes and Planbuild Homes will be featured.
Providence project director, Michael Khan said the Providence Home Expo will consist of 24 of the latest home designs by the leading builders and people will be able to walk through these homes and visualise their new lives in Ripley Valley.
Providence is being developed across 670 hectares, roughly three times the size of Brisbane’s CBD land mass.
For more information, <a href="https://www.providenceripley.com.au" target="_blank">click here</a>. 
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Jess, Aiden from The Block set for Ipswich Valley Providence HomeExpo

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Capital city rental yields nationwide are lowest in Melbourne and highest in Darwin, according to CoreLogic RP Data, who found Melbourne rental yields at 3% and Darwin at 5.7%.
Unit yields are lowest in Melbourne (4.1%) and highest in Darwin and Brisbane at 5.5%.
Hobart and Canberra are the only two cities where house gross rental yields are steady. 
 
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Melbourne house yields at a record low: CoreLogic RP Data

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House rents have increased 0.7% of the past year, with rental for units increasing 1.6% for the combined city capitals according to new figures from CoreLogic RP Data.
CoreLogic RP Data's July Rental Index also found rental rates for houses down 0.5% and units up 0.2% over the three month period ending July.
According to the report, the rental growth rate slowed due to new housing supply and 'historically high levels of housing investment'.
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Property investors are warned growth in rent could possibly slow more in the next few months given the activity in residential construction and high investment demand.
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House rents up 0.7%, units greater: CoreLogic RP Data

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A 7,530 sqm Mooroolbark site has sold to a Chinese investor for $9.050 million with a weighted average lease expiry of around 5.31 years.
14 Manchester Road, Mooroolbark, features a retail/commercial building of 2,759 sqm currently yielding a net income of around $712,778 p.a.
DTZ agent, Patrick O’Callaghan said there was significant competition for the property, with two offshore parties bidding against each other until the very end.
The building is fully leased, and includes tenants Good Life Health Clubs, G8 Education, licensees for Biggin Scott, Telstra and Pump Café. 
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Mooroolbark retail complex sells for $9.05 million

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Strata Community Australia has agreed with the development of a government-appointed working group to look into the importing of dodgy building materials.
According to president Erik Adriaanse, the Australian construction needs safety overhaul due to a 'severe outbreak' of low quality imported building materials, in particular cheap imports from China.
“This issue has gravely endangered the properties and lives of countless Australian strata stakeholders, and a working group will go a long way to instilling some confidence back into the market," Mr Adriaanse said.
“To use one product as an example, there is approximately 3400 kilometres of recalled electric cabling still unaccounted for within Australian buildings, so it’s important that the working group deals with the problem already on the ground, along with future issues. 
The federal government recently announced a working group to investigate building products and safety issue, due to report back in six months.
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Working group to clampdown on dodgy imported building goods

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The top Victorian listing on realestateview.com.au over the last week has been a three bedroom North Melbourne trophy home compete with Carrara marble, silken polished concrete, luminous Victorian Ash and solid Royal American Oak.
Constructed by builder and designer owners, <a href="https://www.realestateview.com.au/Real-Estate/4-47-forrest-avenue-east-perth/Property-Details-buy-residential-9196604" target="_blank">11 Chetwynd Place North Melbourne</a> is set for Auction at 12pm Saturday, August 8 through Anthony Gattuso of Woodards real Estate.
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The second top recent listing over the last week through realestateview.com.au was a three bedroom townhouse with two car garage and stylish kitchen in the Sydney suburb of Thornleigh. <a href="https://www.realestateview.com.au/Real-Estate/4-47-forrest-avenue-east-perth/Property-Details-buy-residential-9265902" target="_blank" style="line-height: 1.3em;">45/10-14 Loch Maree Avenue, Thornleigh</a>, is a family friendly home located close to schools, shops and transport.
It is set for auction Auction Saturday 22nd August at 4.30pm through Alex Gayl and Dion Verzeletti of Ray White Thornleigh.
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The third top listing for realestateview.com.au over the last week was a lifestyle rural property of 8094 sqm with mountain views and a there bedroom colour bond and weatherboard home built in 2009.
<a href="https://www.realestateview.com.au/Real-Estate/4-47-forrest-avenue-east-perth/Property-Details-buy-residential-9252248" target="_blank">63 Gap Road Springsure, Queensland</a>, comes complete with four-bay shed, close proximity to the local primary school and connection to town water.
It is for sale through John Noffke of Noffkes' Rural Real Estate and Livestock.
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Trophy Melbourne listing tops online property search: realestateview.com.au

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Co-owners of Sydney's Theatre Royal, part of Sydney's MLC Centre, have handed on lease and management to Ambassador Theatre Group.
ATG will now manage the large-scale refurbishment of the 1,100 seat theatre instead of co-owners QIC and The GPT Group .
GPT Chief Investment Officer Carmel Hourigan said the announcement of a new theatre operator is another important step in transformation.
"The MLC Centre would benefit greatly from partnering with one of the world’s top live theatre companies… it will become home to a new world class theatre and ATG has a strong track record of delivering premium productions,” Ms Hourigan said.
ATG are known for productions such as Legally Bonde the Musical, The Rocky Horror Show, Thriller Live, Guys and Dolls and West Side Story.
Founder Sir Howard Panter said ATG will work with MLC Centre co-owners on a major refurbishment of the theatre to improve its facilities and create a premium experience for theatre patrons.
“For ATG this heralds the dawn of its venue management operations in Asia Pacific, a region that will play a major part in our international expansion plan,” said Sir Panter.
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Theatre Royal changes management hands

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Boutique four star Melbourne hotel Alto Hotel on Bourke has been listed for sale through an International Expression of Interest closing September 24.
The site was formerly the head office of the Victorian Railways Union, constructed in 1914, and the original location of the Railways Hotel, built around 1860.
Hoteliers Ricardo and Suzanne Krauskopf purchased the hotel in 1999 and opened it in 2006 after significant extensions to the now 50 room hotel spanning six floors with a total area of 2,800sqm. 
They sold the premises around three years ago to an investor with an eight-year lease with six options of four years each - a net income in excess of $800,000 p.a.
It is Australia’s only 6 Star NABERS rated hotel and has won a host of other awards.
Joseph Du Rieu from CBRE Hotels said the hotel runs on 100% renewable energy and the market yet to be tested with a hotel that dominates in the environmental stakes.
“The building, which was constructed by members of the union offering free labour and utilising recycled material where possible, is rich in character and history,” Mr Du Rieu said.
The property includes several other sustainability additions such as outlets for recharging electric cars.
 
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Boutique four star Bourke St hotel listed

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Up to 300,000 square metres of office building space in Sydney's CBD will be withdrawn from the market over the next three years given the trend of converting commercial space into residential living or hotel use.
According to Savills, the potential change may shrink the size of the Sydney CBD market by 6%.
The July 2015 Savills Sydney office briefing noted the commercial towers, International Towers Sydney T1, T2 and T3 in Barangaroo will meet the bulk of future supply  
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Sydney CBD commercial market may reduce by 6%: Savills

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.”

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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]

Michael Crawford

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