<html><body>
Changes to the Western Australia First Home Owners Grant have taken effect, with first home buyers now eligible for $10,000 for a newly constructed home.
First home buyers were previously eligible for a grant of $7,000 whether they were to buy an established home or build a new home.
Those buying an established home are now eligible for $3,000.
Treasurer Troy Buswell says the changes are designed to boost housing supply and construction jobs.
“These important changes not only reflect sound policy to increase our overall housing supply, but the decision will also help create jobs in the housing sector,” says Buswell.
“Increasing the grant for new homes will provide first home buyers with greater incentive to buy or build a new dwelling rather than purchase an established home.
“This will help alleviate the pressure placed on the existing housing stock by the State’s high population growth and drive jobs growth,” says Buswell.
Property Observer <a target="_blank" href="https://www.propertyobserver.com.au/news/wa-fhogs-up-for-grabs-as-new-grants-face-delay/2013091765072">reported</a> on the delay of the bill being passed in parliament last week.
REIWA president David Airey said the delay in the change meant first home buyers looking for an established property still had a few more weeks to access the higher grant.
The change came into effect on September 25.
According to the treasurer’s office, it is estimated that each year around 800 first home buyers will switch from purchasing established homes to new homes in response to the changes.
Western Australia, South Australia and Tasmania are the only remaining states that still provide a grant to purchasers of established homes.
</body></html>

ntrotman-Et3xWpamVh

Changes to WA FHOGs take effect

<html><body>
Brookfield Residential Properties has seen a sell out of three-bedroom apartments in its first stage of Pinnacle at Portside Wharf, with owner-occupiers, particularly downsizers snapping up the apartments.
A waiting list for three-bedroom apartments has resulted in Brookfield releasing its final three-bedroom stock ahead of schedule.
"The sell-out of our first stage of three bedroom apartments highlights the strength of the owner occupier market and their demand for spacious, luxury apartments in key locations," says Portside Wharf Project Director Lee Butterworth
"In recent years owner occupiers have laid fairly dormant.
“Those who have been active in the market have tended to opt for smaller apartments.
"What we are seeing in Pinnacle now is a return of these buyers to the market and a trend towards larger apartments,” says Butterworth.
Located in <a href="/news">Hamilton</a>, three-bedroom apartments are 139 square metres in size and start from $1.2 million.
"A large portion of these buyers no longer want the maintenance of their existing homes but aren't ready to drastically downsize their living space, making the 139 square metres three bedroom apartments in Pinnacle the perfect compromise.
"For those making the shift from house to apartment, the three bedroom apartments in Pinnacle make it an easy transition with huge balconies up to 20 square metres, open plan living and floor to ceiling windows that showcase the stunning river and city views, creating a feeling of openness where the outdoors are invited in," says Butterworth.
Pinnacle features 162 one-, two- and three-bedroom apartments, as well as penthouses and two storey terrace homes.
One-bedroom apartments start from $410,000 and are 60 square metres.
Two-bedroom apartments start from $545,000 and range in size from 89 square metres to 98 square metres.
Terrace homes start from $795,000 and range in size from 92 square metres to 183 square metres.
Penthouses range in size from 207 square metres to 241 square metres and start from $1.785 million.
Some $46 million in apartment and penthouses sales have been snapped up since Pinnacle’s launch in April.
Designed by Noel Robinson Architects, residents will have access to a rooftop terrace on level 16, boasting a pool, BBQ area and a gym.
Pinnacle is over 40% sold to date.
</body></html>

Three-bedroom apartments in high demand at Brookfield's Pinnacle

<html><body>
One of Port Melbourne’s newest developments, Aqueous, is 90% sold as construction kicks off.
The $24.7 million development by Prince Developments on Nott Street will feature 41 apartments across six levels.
Architecturally designed by ROTHELOWMAN, inspiration has been drawn from the Port Melbourne area and the inherent connection to the beach and the movement of water.
“The façade has depth thanks to carefully placed voids enabling internal spaces and surfaces to be revealed, while permitting light and ventilation as well as protection from the elements,” says ROTHELOWMAN principal Shane Rothe.
“This allows privacy to tenants while encouraging activation to the street frontage,” says Rothe.
Peter Mitrevski managing director of Prince Developments says Aqueous has attracted a mix of both owner-occupiers and investors.
Aqueous offered a mix of studio, one- and two-bedroom apartments as well as penthouse style apartments.
One two-bedroom apartment remains for $750,000 and is 85 square metres in total.
Two one-bedroom apartments remain, priced from $475,000 and range in size from 53 square metres to 60 square metres.
Aqueous has a scheduled completion date of October 2014.
</body></html>

Construction on Rothelowman-designed Aqueous kicks off

<html><body>
Doma Group has purchased a 6,825-square-metre Kingston Foreshore site for $11.7 million.
The site can accommodate up to 120 residential dwellings, as well as commercial and retail space.
“Potential buyers are now starting to see the vision of the Kingston Foreshore project with residential projects completing and restaurant tenants moving in,” says Andrew Stewart CBRE ACT managing director.
“The development is definitely starting to get more of a community feel,” says Stewart.
Stewart says the site received interest from both local and national developers.
“Whilst overall interest in the site was strong, including developers from interstate, it is pleasing to see a local developer, who has a strong association with the overall redevelopment of Kingston Foreshore, re-invest in the area.
“It further points to the strength of the Canberra property market and confirms their faith this is one of Canberra’s best precincts,” says Stewart.
“Kingston Foreshore fits in well with our development pipeline and we are really excited about this unique site,” says Gavin Edgar, general manager development of Doma Group.
The site marks the fifth development for Doma Group in the Kingston Foreshore.
Doma Group just completed its mixed-use development, known as Dockside.
“Strong investment within the Kingston Foreshore clearly demonstrates the faith Doma Group have in the Canberra property market,” says Stewart.
Maree Harman director of CBRE residential development valuation specialist says market evidence suggests there remains a depth to the city and inner city suburbs unit market.
Harman says pre-sales are continuing with minimal or zero price
</body></html>

Doma Group snaps up Kingston Foreshore site for $11.7 million

<html><body>
A terrace on Nelson Street in Annadale is scheduled to go under the hammer this Saturday with a $900,000 plus price guide.
Much of the original home has been demolished but the 184-square-metre site is DA approved for a three- or four-bedroom home over three levels.
The plans include the retention of the front façade, an internal courtyard, two bathrooms and a roof terrace.
The plans are valued at $480,000.
The Nelson Street site has a four-metre fall from Nelson Street to Nelson lane, and like neighbouring properties, the plans would take advantage of the site characteristics and incorporate multiple levels at the rear.
The property last traded in 2004 for $503,000.
Simon Pilcher of Pilcher Residential says the property was last occupied 12 months ago.
Pilcher says the property has received interest from both owner-occupiers and developers.
It was listed back in June as a normal sale with a price guide of $1.01 million plus, before switching to auction this month.
The property is listed with Simon Pilcher and Hugh McGlone of <a href="https://www.pilcher-residential.com/3853519/295-Nelson-Street-Annandale" target="_blank">Pilcher residential</a>.
The median house price in <a href="/news">Annandale</a> is $953,000, a 21.4% change in the past year, according to RP Data.
 
<img src="/images/stories/2013/09/30/poll-results-sept-30-tow.jpg" width="470" height="358" alt="poll-results-sept-30-tow">
Australian Property Monitors recorded a <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf">$970,000 auction sale price</a> for the property on September 28. 
</body></html>

Annandale cottage with DA approved plans to go under the hammer

<html><body>
Brisbane City Council’s River’s Edge Strategy will not only open the door for new river-related opportunities, but will promise valuable social and residential benefits, according to Patrick Dixon of Dixon Family Estate Agents.
The council’s objectives include further establishing and promoting a distinctive river brand for Brisbane through RiverRest and RiverStop places, as well as RiverLoops and a RiverLink.
“Growing the river brand will also have a very positive market impact.
“As is the case for all products, a better brand equals better prices,” says Dixon.
The strategy will see the council facilitate new recreational and social opportunities on and around the river.
“The more reasons to live on and near the river, the greater demand will be for this property – more demand equals better prices," says Dixon.
Dixon says the downside of the strategy is it only applies to the inner reaches of the river precinct, including <a href="/news">St Lucia</a> and <a href="/news">Dutton Park</a> to <a href="/news">Hamilton</a> and <a href="/news">Bulimba</a>.
“The middle and outer suburbs are missing out on social infrastructure, while the inner suburbs always reap the benefits of government attention,” says Dixon.
Dixon says St Lucia and East Brisbane could quickly be converted to become local community hotspots, adding much-needed revenue for amateur sporting organisations.
</body></html>

Brisbane’s River Edge strategy to only benefit inner suburb market

<html><body>
Pace Development Group has purchased a 2,146-square-metre site on Fitzroy Street in St Kilda for $17.15 million.
The purchase reflects a site rate of approximately $7,992 square metres.
Located at 173 – 191 Fitzroy Street, the six level building was the Australian Institute of Management’s headquarters for 20 years.
The Australian Institute of Management is relocating to the CBD.
The site boasts dual street frontages to Fitzroy Street and Pattison Street and offers the potential for a 10 to 12 level residential development.
The site was sold through CBRE’s Kiran Pillai and Mark Coster, in conjunction with James Kaufman and Steven Messina of Jones Lang LaSalle.
“The offering was one of the finest development opportunities put to the market in recent times,” says Pillai.
“The site allows for uninterrupted views across Albert Park Lake and the Melbourne CBD as well as sweeping views of Port Phillip Bay.
“The property achieved incredible interest with over 200 enquiries translating to 15 offers,” says Pillai.
“There has been a huge resurgence in residential activity over the last six month,” says Kaufman.
“Sales of completed apartments to privates, owner occupiers and offshore investors has gained momentum in light of favourable market conditions and falling interest rates,” says Kaufman.
Messina says international developers are currently dominating the CBD market, which is seeing competition heat up from domestic players in city fringe locations.
</body></html>

Pace Development buys St Kilda site for $17.15m

<html><body>
Melbourne is known for its industrial past and unique buildings, so today Property Observer looks at the top five warehouse conversions currently on offer.
Located on Eastment Street in Northcote, this three-bedroom home was formerly the Northcote bakery stables.
Situated on a double allotment of 342 square metres, the 19th century stables has been converted into a living space but still retains original trusses, wooden doors and Baltic floors.
It comes with a $1.7 million plus price guide.
The property is scheduled to go under the hammer on October 5 through Luke Chisholm of Nelson Alexander Northcote.
{yoogallery src=[images/stories/2013/09/25/north]}
 
Another warehouse conversion to go under the hammer on October 5 is a three-bedroom, two-bathroom home on <a target="_blank" href="https://www.jasstephens.com.au/?pagecall=property&amp;propertyID=2461870">Stanger Street in Yarraville</a>.
Formerly an old shop, the home now boasts an industrial-style design of black-framed warehouse deco windows and a high-walled courtyard.
It is listed with Astrid Jane of Jas Stephens Real Estate with a $580,000 plus price guide.
{yoogallery src=[images/stories/2013/09/25/yarra]}
 
Located on Martin Street, St Kilda a three-bedroom tri-level warehouse conversion will also go under the hammer on October 5.
The large space offers the option of a home/office/studio combination and also boasts an alfresco entertaining area.
It last sold in April 2010 for $752,000.
It is listed with Robert German of <a target="_blank" href="https://www.beller.com.au/index.php/residential_sales/?page=view&amp;OID=6037489&amp;tp=70">Beller Real Estate Prahran</a>.
{yoogallery src=[images/stories/2013/09/25/st]}
 
A three-bedroom conversion on Theresa Street, Richmond maintains its industrial past through cathedral ceilings, exposed trusses and concrete floors.
Built in 1930, it comes with a $950,000 plus price tag.
The property is due to go under the hammer on October 19 though <a target="_blank" href="https://www.propertyobserver.com.au/https://www.bigginscott.com.au/property/details/13072">Julia Taylor and Melissa Argyriou of Biggin and Scott Richmond.</a>
{yoogallery src=[images/stories/2013/09/25/rich]}
 
Last but not least, a five-bedroom two-level conversion on Newry Street in Fitzroy North is ripe with history.
The red brick Victorian building was originally stables before it became Harry Evan and Sons’ billiard table factory.
Overtime it became a photographer and artists’ studio.
The home features two bathrooms and a paved and landscaped courtyard garden.
It last sold around 1980 for just under $1 million.
It’s scheduled to go to auction on October 19 though <a target="_blank" href="https://www.nelsonalexander.com.au/properties/buying/fitzroy-north-1a-newry-street#.UkI6wIV4K-w">Arch Staver of Nelson Alexander Real Estate</a> with a $2 million plus price guide.
{yoogallery src=[images/stories/2013/09/25/fitz]}
 
<img alt="poll-results-sept-26" height="307" width="470" src="/images/stories/2013/09/26/poll-results-sept-26.gif">
If you’ve undertaken an industrial conversion and would like to share it, email <a href="mailto:ntrotman@propertyobserver.com.au">ntrotman@propertyobserver.com.au</a>
</body></html>

Top five Melbourne warehouse conversions on the market

<html><body>
For just $5 a ticket, you could win three apartments in Sydney, Melbourne and Brisbane, offering a total annual rental return of just over $102,000.
 The Ultimate Trifecta – a ready made portfolio – is the latest prize up for grabs form the RSL Art Union.
“It’s an impressive prize; the winner gets an apartment in each of Australia’s biggest capital cities – Brisbane, Sydney and Melbourne,” says RSL chief executive officer Chris McHugh
“The competition launches at the perfect time, with all three capital cities showing promising growth,” says McHugh.
Sydney and Melbourne are in the top three locations for annual growth, according to RP Data.
Data collected from the 12 months until July 2013 reflects a 6.5% growth in Sydney and a 4.3% growth in Melbourne.
Brisbane achieved a 0.8% growth.
Apartments are interiorly designed and feature two bedrooms and top of the range appliances.
All three apartments complexes feature swimming pools and gardens areas for BBQs.
“If the winner chooses to live in their current house and just collect the estimated rental returns from these three properties they’ll net themselves just over $102,000 per annum,” says McHugh.
“Not bad returns on a lottery ticket that costs just $5.
“As well as the impressive passive income these apartments generate, all together they’re worth a cool $1.8 million,” says McHugh.
All proceeds from RSL Art Union draws are dedicated to supporting war veterans and their families across Australia.
</body></html>

A $5 ticket could see you winning three apartments

<html><body>
Quest Serviced Apartments opened its $30 million Quest Mackay on Gordon this week, motivated by thriving business conditions in regional North Queensland.
“Mackay is well-known for its buoyant economy and reputation as a great place to do business,” says Quest chairman and chief executive officer Paul Constantinou.
“The vibrant and thriving region is a service centre for Queensland’s rich resource basins, and home to growing numbers of innovative and prosperous business,” says Constantinou.
Located at 27 Gordon Street, Quest Mackay on Gordon will feature 115 studio, one- and two-bedroom serviced apartments, fully equipped with kitchen and laundry facilities.
Guests will also have access to meeting and conference facilities, as well as a recreational deck with a pool, spa and gym.
Quest Mackay on Gordon is a joint venture between current franchisees of Quest Mackay, Russell and Elise Spurrell, and Mackay locals, Rob and Corinna Cotter.
“Mackay is recognised nationally as a growth hotspot and demand for quality accommodation is increasing,” says Spurrell.
“Having the second property in Mackay, we will now be able to offer a total accommodation solution to our existing clients and help alleviate the shortage of quality business accommodation in the area,” says Spurrell.
“Mackay’s position as the centre of business growth in regional Queensland made it an obvious decision to open a second Quest property here,” says Constantinou.
Quest Serviced Apartments has more than 150 properties in Australia, New Zealand and Fiji.
Property Observer recently reported on <a target="_blank" href="https://www.propertyobserver.com.au/commercial/quest-to-build-tullamarine-melbourne-aiport-serviced-apartments/2013073163641">Quest’s plans to build a serviced apartment hotel in Tullamarine</a> to accommodate for the growing demand for accommodation at Melbourne airport.
</body></html>

Quest opens second serviced apartment hotel in Mackay following positive business conditions

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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News