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Sydney's most expensive home sale for the week ending June 7 was a Potts Point three bedroom apartment with a 4 car garage, according to the latest CoreLogic RP Data Property Market Indicator Summary.
Selling for $4.75 million, the property, located in the Rockwall Apartments in Sydney's Potts Point, features two private 'decked in' balconies overlooking the Sydney Opera House, Harbour Bridge and harbour from the 17th floor.
Another three-bedder in the same block, one floor down on the 16th floor of the Mirvac building, sold during the same time for $3.3 million.
  
<img src="/images/2015/06/09/700_potts2.jpg" alt=""> 
  
Most expensive sales for week ending June 7
1702/7 Rockwall Crescent, Potts Point, NSW, 2011, three-bedroom unit, sold on June 3 by Richardson &amp; Wrench Elizabeth Bay / Potts Point for $4.75 million.
60 Ku-Ring-Gai Avenue, Turramurra, NSW, 2074, five-bedroom house, sold on June 4 by L J Hooker Wahroonga for $4.35 million.
1 Bunyula Road, Bellevue Hill, NSW, 2023, four-bedroom house, sold at auction on June 2 by Belle Property Double Bay for $3.775 million.
4B Tutus Street, Balgowlah Heights, NSW, 2093, four-bedroom house, sold on June 5 by L J Hooker Seaforth for $3.6 million.
27 Church Street, Blakehurst, NSW, 2221, six-bedroom house, sold at auction on June 6 by Ray White Hurstville for $3.5 million.
262 Moore Park Road, Paddington, NSW, 2021, five-bedroom house, sold at auction on June 5 by McGrath Estate Agents for $3.35 million.
1604/7 Rockwall Crescent, Potts Point, NSW, 2011, three-bedroom unit, sold on June 5 by Richardson &amp; Wrench Elizabeth Bay / Potts Point for $3.32 million.
9 Bringa Avenue, Camberwell, VIC, 3124, four-bedroom house, sold at auction on June 6 by Jellis Craig Real Estate Hawthorn for $3.316 million.
45 Batemans Road, Gladesville, NSW, 2111, four-bedroom house, sold at auction on June 4 by BresicWhitney Hunters Hill for $2.9 million.
30 Sinclair Street, Wollstonecraft, NSW, 2065, six-bedroom house, sold on June 2 by McGrath Estate Agents for $2.75 million. 
 
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mick.cee-iDmgDDAmu8

Two Potts Point apartments in CoreLogic RP Data's weekly top 10

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Vendors typically loose confidence in their chosen real estate agent throughout the sales cycle, with price expectations cited as the usual driver.
CoreLogic RP Data's recently released '<a href="/expert-insights/some-differences-between-the-sexes-corelogic-rp-data-estate-agent-satisfaction-survey-results">2015 Consumer Perceptions of Real Estate</a>' report found that despite an agent's hard work and industry knowledge, vendors typically 'dubious' that the agent would find a buyer at their chosen price.
The report noted the issue of “managing down” vendor price expectations common.
"One of the most important findings of the survey is that vendors were dubious that the agent would succeed in selling," it noted.
Vendors cited their own research as the best way to feel confident that their agent was performing properly and telling them the truth.
 
<img src="/images/2015/06/01/agent.jpg" alt="" width="892" height="448">
 
{mijopolls 115}
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High agent confidence declines over sales cycle: CoreLogic RP Data

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Australian real estate agents prefer not to dazzle vendors with the latest and greatest technology and instead rely on paper as the primary information communication tool.
According to a recent report conducted by CoreLogic RP Data "<a href="/expert-insights/some-differences-between-the-sexes-corelogic-rp-data-estate-agent-satisfaction-survey-results">The 2015 Consumer Perceptions of Real Estate Agents</a>", the average agent is slow to embrace technology even when it can help demonstrate their own personal market knowledge.
The report found only 17% used an iPad or video to share market information, and 12% received market information in an email.  
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Paper rules in the age of tech: CoreLogic RP Data

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A private investor has purchased a 10,384sqm Queanbeyan site for $22.3 million. 
Currently Kmart Queanbeyan take up 5,176sqm and holds a 20 year lease which will continue until 2032. 
The sale was negotiated by Ben Stewart, Daniel McGrath, Andrew Palmer of Knight Frank, on behalf of vendor LaSalle Funds Management Limited.
Ben Stewart said the property forms a central presence on the local precinct’s pedestrian circuit.
"The new Queanbeyan Hospital is located approximately two blocks to the North, with both low and medium density housing located approximately 100 metres away, forming the fringe of the town centre," Mr Stewart said.
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Kmart's Queanbeyan site sold 

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Reserve Bank Governor Glenn Stevens has noted that low interest rates have assisted the commercial property market.
In delivering the RBA's Monetary Policy Decision Tuesday afternoon, Mr Stevens also described a 'large rise' in dwelling construction.
The latest quite brief comment follows RBA commentary in March on rising risky investment in the commercial property market could inflict pain for the broader economy.
It was in its semi-annual financial stability review.
The commercial property sector was especially under closer scrutiny now as the RBA identified a build up in risks in an area that has "posed a disproportionately large risk" to the financial system.
<div id="tt-wrapper8238f52" class="tt-wrapper inread ">The March comments, reiterating past warnings about the threat, noted competition among lenders remains vigorous in a number of domestic markets and lending margins have fallen.</div>
"Property-related lending has been a particular focus of the competition in the corporate lending market, said the RBA.
"Although the Australian banking system’s exposure to the commercial property sector declined following the global financial crisis, and the recent lending has not increased its share of banks’ domestic assets, risks in this area appear to be building.
"Investor demand for both new and existing commercial property developments has been strong, despite weakening leasing conditions in a number of market segments.
"Particular caution around collateral valuations is warranted in the current environment of declining property yields.
"Lenders should also be mindful of the collective effects of strong lending activity within particular market segments, even if individual borrowers appear to be of low risk.
For a full transcript of the March 2015 statement, <a href="/expert-insights/finance/strong-again-in-sydney-rba-governor-glenn-stevens-june-2015-meeting-statement">click here</a>.
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Low interest rates driving commercial market

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Skyscrapers have been mooted as the best method to alleviate economic and geographic pressure when building in cities, according to a new report.
<a href="https://www.knightfrank.com/resources/global-cities/global-cities-pdf/knight-frank-global-cities-skyscrapers-2015-report.pdf" target="_blank">The Global Cities: Skyscrapers 2015 Report</a>, released by Frank Knight, found the higher the building, the higher the rent tenants will pay.
Knight Frank’s Head of Office Agency for Australia, John Preece, said the development of 'premium towers' is also increasing.
“From a commercial perspective, landlords can charge higher rents for upper floors, which could support the commercial position for high-rise development," Mr Preece said. 
<a href="/images/2015/06/03/skyscraper.jpg" target="_blank"> Click to enlarge</a>
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Landlords loving high-rise developments

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GUEST OBSERVER
Over the past five years, the inner south of Melbourne’s property market has consistently performed strong. And with the area’s population forecasted to grow by a steady <a href="https://forecast.id.com.au/stonnington/home" target="_blank">19,000 residents by 2036</a>, we expect it to remain that way for years to come.
Homes are flying out the door in suburbs like Prahran, Windsor and Armadale. Auction clearance rates for houses and apartments are well above the <a href="https://www.homepriceguide.com.au/Research/?LocationType=LGA&amp;State=VIC&amp;LgaId=452" target="_blank">state’s average</a> with Armadale and Prahran the star achievers, clocking 86.5% and 81% respectively. Notably, <a href="https://www.reiv.com.au/Property-Research/Median-Prices/Growth-suburbs" target="_blank">annual growth figures</a> show the value of Prahran properties have increased by an average of 6.4% which, again, is above the state’s average. So, what’s driving the demand in one of Melbourne’s most popular prestige areas?
The amenities of Stonnington are no doubt one of the biggest draw cards. There’s the array of parklands, public transport, cafes and shopping strips – and it’s in close proximity to the CBD. A significant number of area upgrades are underway to ensure the City of Stonnington can support its future growth. For instance, as part of the Chapel Street Master Plan, the iconic street is undergoing a facelift to improve the streetscape, transport infrastructure and enhance village squares. The Stonnington Council is also pursuing a range of important initiatives including underground car parks to create more open space and parkland, promoting and encouraging green spaces in the area. This follows a recent <a href="https://instonnington.realviewdigital.com/?iid=117763#folio=2" target="_blank">City of Stonnington</a> survey which found that 91% of local residents believe it’s important for the Council to create open space for current and future generations to enjoy.
But when it comes down to it, the inner south real estate market has remained strong because it appeals to a range of buyers. For example, we’re currently selling <a href="https://www.hockingstuart.com.au/83_PEEL_STREET_PRAHRAN_VIC_3181" target="_blank">83 Peel Street in Prahran</a>, a red-brick Edwardian which has sparked interest from downsizers who want to live amongst the action whilst not compromising on space. On the flip side, a single-fronted Victorian house at 64 Pridham Street, Prahran that we recently sold attracted the interest of young professional couples. Investors are also flocking to the area opting for apartments which can be rented out easily (Stonnington vacancy rates are currently 2.3% on average). This broad spectrum of buyers means it doesn’t matter where we are in the property cycle, the area will always be in demand.
However, it’s a different story when it comes to first home buyers. As the median house price in Stonnington is more than $1 million and competition is increasing, this demographic is realigning its expectations and considering other options to get a foothold on the inner south market. They are beginning to challenge the ‘Great Australian Dream’ and opt for an apartment, townhouse or unit, which you can still get on a budget – $600,000 is the median price for apartments in <a href="https://mail.privatemedia.com.au/owa/redir.aspx?SURL=BSYlwFdojixDq-4fuWm5JeXV_rnxN-jSJF3p7s4yJO0bNIhr0WrSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgBkAG8AbQBhAGkAbgAuAGMAbwBtAC4AYQB1AC8AYQBwAG0ALwBSAGUAcwBlAGEAcgBjAGgALwA_AEwAbwBjAGEAdABpAG8AbgBUAHkAcABlAD0AUwB1AGIAdQByAGIAJgBTAHQAYQB0AGUAPQBWAEkAQwAmAFMAdQBiAHUAcgBiAEkAZAA9ADMAMwAzADkANwA.&amp;URL=http%3a%2f%2fwww.domain.com.au%2fapm%2fResearch%2f%3fLocationType%3dSuburb%26State%3dVIC%26SuburbId%3d33397">Prahran</a> and <a href="https://mail.privatemedia.com.au/owa/redir.aspx?SURL=dgp7VSX9A457VQfpV6tqbiCOpOq300C8X8xEhIoeHscbNIhr0WrSCGgAdAB0AHAAOgAvAC8AdwB3AHcALgByAGUAYQBsAGUAcwB0AGEAdABlAC4AYwBvAG0ALgBhAHUALwBuAGUAaQBnAGgAYgBvAHUAcgBoAG8AbwBkAHMALwBhAHIAbQBhAGQAYQBsAGUALQAzADEANAAzAC0AdgBpAGMA&amp;URL=http%3a%2f%2fwww.realestate.com.au%2fneighbourhoods%2farmadale-3143-vic">Armadale</a>. Some are also investing in more affordable older style properties which can be renovated over time as their income grows. There are still many streets in South Yarra that have been coined to have renovation potential, according to data.
Looking forward to the next five years, we predict the City of Stonnington will remain just as popular. However, we’re likely to see changes in the demographic of home buyers as demand booms. If younger buyers can no longer break into the area as a result of increased competition, then the age bracket of owner-occupiers will start to increase. As the population in Stonnington rises and people want to live closer to the action, there is no doubt that demand is hardly set to wan in the inner south.
As the council continues to improve the area to support population growth, and savvy young buyers are looking for ways to break into the market, the area will continue on its trajectory to success and will continue to experience strong performance.
Andrew James is Director of hockingstuart Stonnington. He can be contacted <a href="https://www.hockingstuart.com.au/?pagecall=staffMember&amp;staffID=293" target="_blank">here</a>.
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Boomtime buyers realigning expectations: hockingstuart Stonnington

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Australian Property Monitors (APM) has released a list of results from 657 auctions in Sydney for the weekend of 30 May. The clearance rate was 87%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for May 30 weekend

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Western Australia builder Gransden Constructions has won top gongs at the recent HIA-CSR Australian Housing Awards, taking out both the Australian Home of the Year and Custom Built Home of the Year Awards.
The winning trophy home, located in the Perth Hills suburb of Bedfordale, is on 20 hectares and built around five areas known as pods, which make up a total of 1000 square metres. 
One of the pods features a 20m heated pool, complete with enough fibre-optic lighting to make the roof look like the Milky Way.
Builder George Allingham told WA Today the owners, retirees Retirees Tena and Terry Wheeler, wanted a house inspired by their combined love of Japanese architecture.
"It's a large house but it doesn't feel particularly large – it nestles into the block. The architect said it 'touches the earth lightly'," he said.
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<a href="https://hia.com.au/aha" target="_blank">HIA-CSR Australian Home of the Year</a> is the top accolade with other finalists:
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<li>Stonehaven HomesVictoria
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<li>Giorgi Exclusive Homes Western Australia
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The project also won the award for the Australian Custom Built Home of the Year, partnered by Stramit Building Products. 
The judges were impressed with the execution of the build and the material combination, and described this home as an exemplary masterpiece. 
<a href="https://www.gransden.com.au/-Company-" target="_blank">Gransden Construction</a> services the $1 million-plus market in new homes and the $850,000-plus market in home additions or renovations.
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Architect Suzanne Hunt says her favourite feature of the home was the tranquillity, light and connection to the landscape.
 
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The orientation of the house on the east-west long axis makes the most of natural weather conditions, including solar gain, natural light and the capturing of prevailing breezes.
 High-level remote-controlled windows, sliding glass doors, and louvred and sashless windows ensure cross-flow ventilation. 
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WA builders Gransden Construction win HIA-CSR Australian Home of the Year

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Crowdfunding real estate is the fifth book in a series on real estate investing from property developer and real estate investor, Craig Turnbull. It is written to help small investors get a leg-up into the property market.
Mr Turnbull has coordinated property projects with a combined value of more than $200 million and believes real estate crowdfunding marks the next generation of property investing.
"For the first time, technology makes it possible for you to invest alongside major institutions in to large development projects or commercial buildings, using relatively small amounts of money," Mr Turnbull said. 
"All around the world governments are seeking ways to cut expenditure by carving in to pensions and extending the age at which you can receive your pittance. 
"What you do in terms of your savings and investing now and for the coming few years, will have a huge effect on the quality of your life, especially after you finish work."
Crowdfunding Real Estate - The Next Generation of Property Investing is released today. Property Observer readers can get a copy by <a href="https://www.crowdfundingrealestatebook.com">using this link</a>.
<img src="/images/2015/05/08/crowdfunding.jpg" alt="" width="438" height="472"> 
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Crowdfunding: the next generation of real estate investing

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.”

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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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