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Apartments in CPM Realty’s $7 million boutique Enclave development in Sydney’s Russell Lea were snapped up within 45 minutes on its November 2 launch.
Situated between Drummoyne and Five Dock, <a target="_blank" href="https://www.propertyobserver.com.au/news/boutique-development-to-launch-in-sydney-s-russell-lea/2013103166027">Enclave</a> will feature nine one- and two-bedroom apartments.
Designed by Buzabott Architects of Surry Hills, apartments feature timber floors, Smeg appliances and floor to ceiling glass doors, which lead to balconies.
“These types of boutique developments in the area are becoming quite rare and make for great homes or investment opportunities,” says Sam Elbanna of CPM Realty.
“There is no doubt a shortage of good stock in desirable suburbs such as this all over Sydney and with more and more people choosing apartment living is further driving this ‘lock and go’ style living,” says Elbanna.
Construction is scheduled to commence in January next year with completion to wrap up in February 2015.
The median apartment price in <a href="/news">Russell Lea</a> is $610,000, a 14.8% change in the past five years, according to RP Data.
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Russell Lea's Enclave apartments snapped up in 45 minutes

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Stockland has splashed $57.5 million for the neighbouring 108-hectare site to its Highlands residential community in Craigieburn.
Stockland purchased the residential zoned land from Places Victoria, which will house more than 1,200 new home sites.
The acquisition will enable the expansion of Highlands from 7,059 lots to more than 8,200.
“We support the Victorian Government’s commitment to expediting the delivery of affordable, new homes in Melbourne’s northern growth corridor,” says Mark Steinert Stockland managing director and chief executive officer.
“This acquisition enables us to further leverage the core residential, medium density and mixed use capabilities within our business,” explained Mr Steinert. “We’re seeing clear evidence of improving market conditions and increased sales volume in Victoria. This acquisition will support our key focus on improving our residential profits.”
Andrew Whitson chief executive officer of residential at Stockland says the newly acquired development site will extend the life of Highlands, Stockland’s most successful and south-after residential community in Victoria.
“Our acquisition of this large parcel of neighbouring land is a big win for anyone who wants to build their dream home in the growing and thriving Highlands community.
“Highlands offers an excellent selection of home sites, a great choice of nearby schools and the community is within easy walking distance of the town centre,” says Whitson.
Stockland has sold more than 3,500 lots at Highlands, with prices ranging from $1,33000 to $257,000.
The residential site is located close to the new $330 million Craigieburn Town Centre development, Craigieburn Central, which is due for completion at the end of November.
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Stockland acquires Craigieburn site for $57.5 million

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Over 80% of homes in the first stage of Robina Group’s $65 million CityVillage Terrace project have been swept up, only five weeks from the project’s launch.
Located near the Robina Town Centre, 25 terraces out of 30 have sold.
<img src="/images/stories/2013/11/08/robina-nov-11-breakout.jpg" width="470" height="264" alt="robina-nov-11-breakout">
The project features three-bedroom, two-bathroom terraces with an internal living space of 160 square metres on a freehold title.
“Buyers have been attracted by the outstanding convenience and lifestyle benefits associated with being just 450 metres from Robina Town Centre’s shopping, dining and entertainment precinct,” says CityVillage Terraces sales manager Azura Griffen.
“The project is in the heart of Gold Coast City and is also proximate to Bond University, Robina train station and Hospital and has ease of access to the Pacific Motorway.
“Robina has an established hub for business, education, health and transport but it is still in expansion mode and buyers have identified great value in buying into the suburb.”
“The price point also means first home buyers can access the State Government’s $15,000 Great Start Grant and are exempt from paying stamp duty which has proven to give them the boost they need to get a foothold in the market with their first new home,” says Griffen.
Residents will have direct access to the Robina Town Centre via a walkway.
“Enquiry has been very strong and the response has been pleasingly positive which shows we are ticking the right boxes for buyers by building the right product in the right location,” says Robina Group director Tony Tippett.
The median house price in <a href="/news">Robina</a> is $500,000, an 8.4% decline in the past five years, according to RP Data.
 
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Robina's CityVillage Terraces secure over 80% in sales

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Genworth Australia has launched a free Lenders Mortgage Insurance toolkit to help raise awareness and increase the knowledge base of LMI.
The online hub will feature video content, webinars and case studies.
“This toolkit will be of great assistance to borrowers seeking to understand how LMI works and how it can help everyday Australians achieve home ownership sooner,” says Genworth’s chief commercial officer Bridget Sakr.
Sakr says the online hub will be regularly updated with new material, content and tools, including short video clips.
“Genworth hopes that the toolkit will be a useful resource for all relevant parties around the property buying process,” says Sakr.
The toolkit is free to use and is available at <a href="https://www.genworth.com.au/lmitoolkit" target="_blank">www.genworth.com.au/lmitoolkit</a>
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Genworth Australia launches free online LMI toolkit

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The abolishment of the National Housing Supply Council will affect crucial data used to formulate housing policies, says Real Estate Institute of Australia Peter Bushby.
The National Housing Supply Council was established in 2008 to monitor housing demand, supply and affordability in Australia and to identify gaps between housing supply and demand.
Bushby says the availability of affordable housing data will impact the functioning of the economy as well as the wellbeing of individuals and the cohesiveness of communities and society.
“With housing affordability recognised as a policy priority, it is imperative that the information contained in the Council’s State of Supply Report continues to be available.
“The document provided valuable information, not only to Government policy makers but also to industry,” says Bushby.
An undersupply of stock is what contributes to house price increases.
The REIA has called on the federal government to development a coordinated and strategic approach to the provision of housing and that complementary policies are in place.
Bushby says the data provided by the council is crucial in formulating appropriate policies and to monitor their effectiveness.
The Urban Development Industry has also criticised the government’s decision on abolishing the council.
“The NHSC provides essential data and research to government and industry on housing supply, demand and affordability,” says UDIA national president Julie Katz.
“It provides information that is absolutely crucial to informing the Government’s approach to addressing Australia’s ongoing housing supply crisis. “The NHSC’s annual State of Supply report was the first publication to comprehensively outline and quantify the extent of Australia’s housing supply problem, and remains one of the best bodies of research available for informing housing supply and affordability policy.
“Prior to the establishment of the NHSC there was a severe lack of data and research on housing supply and affordability issues in Australia, and the information it has provided since has proven extremely valuable to policy makers at all levels of government, as well as community and industry groups,” says Katz.
Where as the Housing Industry of Australia says the decision to abolish the coucil provides an opportunity to take a fresh look at Australia's housing supply challenge.
“Reporting on the supply of housing in Australia, identifying the extent of housing undersupply and making recommendations to address Australia’s housing supply needs are essential tasks,” says HIA chief executive industry policy and media Graham Wolfe.
"Actual and projected housing supply is vital to all levels of government to inform their planning decisions for future service delivery for the community, infrastructure investment and addressing housing shortfalls. “What the current state of supply is, what will be needed in the future, where it will be located, what household formation will look like and what type of housing is needed - these are all important questions that need answers,” says Wolfe.
Wolfe says in its earlier day, the National Housing Supply Council validated Australia's housing under supply problems and identified supply side impediments that inhibited the delivery of new homes, but in recent times has shifted away from its core housing supply role.
"Today’s announcement should provide the catalyst to once again focus on housing supply outcomes and we look forward to working with government and Treasury in these endeavours," says Wolfe.
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Federal government abolishes National Housing Supply Council

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1) What is the name of the $210 million development to grace Sydney’s North Shore?
2) Which businessman was planning on renovating his Elizabeth Bay penthouse for $237,000?   3) Which property development group is dominating the inner city Brisbane market?   4) How many websites is US-based Walk Score website now on?   5) Where was this week’s most expensive RP Data sale located?   6) The RBA cut the cash rate at its Cup Day meeting, true or false?   7) Which WA mining town is set for its first residential development in 40 years?   8) Which city did Terry Ryder’s Chinese investment piece focus on?
Click through to the next page to reveal the answers
 
<hr class="system-pagebreak">
Answers
 
<ol>
<li>
<a target="_blank" href="https://www.propertyobserver.com.au/news/210-million-bay-pavilions-to-grace-sydney-s-north-shore/2013110666190">Bay Pavilion</a><a href="https://www.propertyobserver.com.au/news/210-million-bay-pavilions-to-grace-sydney-s-north-shore/2013110666190" target="_blank">s</a>
</li>
<li><a href="https://www.propertyobserver.com.au/news/david-gonski-scrapping-elizabeth-bay-penthouse-renovation-and-relocation-plans/2013110566183" target="_blank">David Gonski</a></li>
<li><a href="https://www.propertyobserver.com.au/news/david-devine-s-metro-property-group-continues-to-dominate-inner-city-brisbane-market/2013110566013" target="_blank">Metro Property</a></li>
<li><a href="https://www.propertyobserver.com.au/news/the-importance-of-walkability-grows-at-more-than-pedestrian-pace-walk-score-now-on-30000-websites/2013110566141" target="_blank">30,000</a></li>
<li><a href="/news">Vaucluse</a></li>
<li><a href="/news">False</a></li>
<li><a href="https://www.propertyobserver.com.au/western-australia/tom-price-gets-set-for-first-residential-development-in-40-years/2013110766205" target="_blank">Tom Price</a></li>
<li><a href="https://www.propertyobserver.com.au/queensland/despite-much-publicised-chinese-investment-there-is-no-momentum-behind-gold-coast-market/2013110666212" target="_blank">Gold Coast</a></li>
</ol>
 
 
<ol></ol>
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Property trivia: Have you paid attention this week?

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CS Development Group’s third apartment project in Kelvin Grove – Victoria Park Residences – will launch later this month, following the successful sell out of their Park Edge development.
Located on Victoria Park Road in the Kelvin Grove Urban Village, Victoria Park Residences will comprise of 118 one- and two-bedroom apartments on a 4,000 square-metre site.
<img alt="kelvin_grove_nov_87_one" height="328" width="470" src="/images/stories/2013/11/08/kelvin_grove_nov_87_one.jpg">
“In terms of architectural appeal, product design, inclusions, size, price and location we believe it is the best value apartment project in that area,” says Colliers International residential director Andrew Roubicek.
“When compared to other developments in the area, and the amenities both onsite and nearby, this represents excellent value for money,” says Roubicek.
One-bedroom apartments range in size from 68 square metres to 79 square metres and are priced from $343,000.
Two-bedroom apartments range in size from 83 square metres to 105 square metres and start from $469,000.
Residences will have access to a pool, sundeck, barbecue facilities, gym and an outdoor workout zone.
Victoria Park Residences will join CS Development Group’s other two projects in Kelvin Grove, including the Park Edge development on Tank Street.
<img alt="Victoria_Park_residences_-_exterior_pool" height="224" width="470" src="/images/stories/2013/11/08/Victoria_Park_residences_-_exterior_pool.jpg">
Park Edge has just recently been completed and was an enormously successful development, with all apartments selling out prior to completion of the project,” says Roubicek.
“There were three factors that contributed to the sales success of Park Edge – size, with the apartments being larger than those in other projects; quality, with the apartments being superior to those in other developments; and pricing, with the sales prices being competitive in comparison to similar projects.
“With Tank Street running off Victoria Park Road, Park Edge benefitted from the same proximity to amenity that Victoria Park Residences will, and we believe Victoria Park Residences will be every bit as successful as that project,” says Roubicek.
Construction is scheduled to commence in early 2014 and has an expected completion date of mid-2015.
The median apartment price in <a href="/news">Kelvin Grove</a> is $475,500, a 19.2% change in the past five years, according to RP Data.
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Kelvin Grove to welcome CS Development's third project Victoria Park Residences

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A $210 million development of 270 apartments will grace Sydney’s North Shore, with the first release of apartments launching at the end of this month.
Developed by Piety Developments, Bay Pavilions is situated nine kilometres from the CBD between Burns Bay and the Lane Cove River.
Designed by Marchese Partners, the development draws inspiration from its surrounds with interiors inspired by the native flora and rock formations.
Apartments are located across five eco-sensitive buildings and feature wool carpets, stone benches, mirror splashback and wintergardens.
One-bedroom apartments range in price from 51 square metres to 63 square metres and range in price from $540,000 to $575,000.
Two-bedroom apartments range in size from 71 square metres to 85 square metres and start from $655,000.
Three-bedroom apartments range in size from 87 square metres to 154 square metres and range in price from $900,000 to $1.5 million.
The first release of 147 apartments will be launched on November 30.
The development has an expected completion date of November 2015.
The median apartment price in <a href="/news">Lane Cove</a> is $561,000, a 28.8% change in the past five years, according to RP Data.
 
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$210 million Bay Pavilions to grace Sydney's North Shore

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A six-bedroom home in Vaucluse with views to the Opera House and Harbour Bridge is this week’s most expensive sale, selling at auction for $8.75 million, according to RP Data.
Located on Wentworth Road, the property features dual street frontage, high ceilings, floor to ceiling glass and marble and granite finishes.
Hosted across three levels, the home features six bathrooms, a sauna and a steam room.
The property was sold through D’Leanne Lewis of <a href="https://www.lsdb.com.au/1066455/" target="_blank">Laing &amp; Simmons Double Bay</a>.
The median house price in <a href="/news">Vaucluse</a> is $2.78 million, a 13.1% decline in the past five years, according to RP Data.
Most expensive sales:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/46_wentworth_road_vaucluse_nsw_2030/16545763" target="_blank">46 Wentworth Road, Vaucluse, NSW, 2030,</a> six-bedroom house, sold at auction on October 30 by Laing + Simmons Double Bay for $8.75 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4_lydia_court_balwyn_vic_3103/9562908" target="_blank">4 Lydia Court, Balwyn, VIC, 3103,</a> five-bedroom house, sold on November 2 by Kay &amp; Burton Hawthorn for $3.9 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_cheyne_walk_castlecrag_nsw_2068/1789557" target="_blank">8 Cheyne Walk, Castlecrag, NSW, 2068,</a> four-bedroom house, sold at auction on November 2 by L J Hooker Castlecrag for $3.82 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_glendon_road_double_bay_nsw_2028/2117247" target="_blank">10 Glendon Road, Double Bay, NSW, 2028,</a> five-bedroom house, sold at auction on October 30 by Laing + Simmons Double Bay for $3.57 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_circe_circle_north_dalkeith_wa_6009/11972665" target="_blank">47 Circe Circle, Dalkeith, WA, 6009,</a> five-bedroom house, sold at auction on November 2 by Paxton Hoad Subiaco for $3.475 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1/147_victoria_road_bellevue_hill_nsw_2023/16523233">1/147 Victoria Road, Bellevue Hill, NSW, 2023,</a> four-bedroom unit, sold at auction on October 30 by Laing + Simmons Double Bay for $3.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3g/14_macleay_street_elizabeth_bay_nsw_2011/16517537" target="_blank">G03/14 Macleay Street, Potts Point, NSW, 2011,</a> three-bedroom unit, sold on October 30 by Richardson &amp; Wrench Elizabeth Bay/Potts Point for $3.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/146_bellevue_road_bellevue_hill_nsw_2023/1367172" target="_blank">146 Bellevue Road, Bellevue Hill, NSW, 2023,</a> five-bedroom house, sold at auction on October 30 by Ray White Double Bay/Laing + Simmons Double Bay for $3.2 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/23_glendon_road_double_bay_nsw_2028/2117262" target="_blank">23 Glendon Road, Double Bay, NSW, 2028</a>, four-bedroom house, sold at auction on October 30 by Laing + Simmons Double Bay for $3.12 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/33_welbeck_street_alderley_qld_4051/2504472" target="_blank">33 Welbeck Street, Alderley, QLD, 4051,</a> five-bedroom house, sold at auction on October 31 by Place Estate Agents New Farm for $3 million
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Vaucluse mansion this week's most expensive: RP Data

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The walkability score of a property is becoming a major part of buyers' thinking with US-based Walk Score expanding to 30,000 websites, a 50% growth in presence since April.
The website ranks properties and suburbs from zero (car-dependent) to 100 (walker’s paradise) based on their walking distances from a diverse set of nearby amenities.
Walk Score rates over 10,000 neighbourhoods in almost 3,000 cities across the America, Canada and Australia.
Sydney is classified as the <a href="https://www.propertyobserver.com.au/residential/all-tracks-lead-to-sydney-saleability-walk-score-rankings/2013051661271" target="_blank">most walkable large city</a> with a walk score of 63 and Melbourne slides in second at 57.
The top three Sydney neighbourhoods include <a href="/news">Haymarket</a> (Walk Score: 99), <a href="/news">The Rocks</a> (Walk score: 98) and <a href="/news">Sydney</a> (Walk Score: 98).
A <a href="https://www.walkscore.com/score/281-sussex-st-sydney-nsw-australia?rid=16_b_101612752" target="_blank">one-bedroom New York style apartment</a> in The Vintage building on Sussex Street in Sydney has a walk score of 100.
The property was listed for $550 and was advertised as being a walker’s paradise.
The apartment is walking distance to Darling Harbour, Cockle Bay, China Town and Town Hall and daily errands do not require a car.
Melbourne’s top walkable suburbs include <a href="/news">Carlton</a> (Walk Score: 97), <a href="/news">Fitzroy</a> (Walk Score: 96) and <a href="/news">Fitzroy North</a> (Walk Score: 93).
Australians can find their Walk Score by entering an address at <a rel="nofollow" href="https://www.walkscore.com." target="_blank">https://www.walkscore.com.</a>
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The importance of walkability grows at more than pedestrian pace: Walk Score now on 30,000 websites

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]

Nicola Trotman

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