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With the election at our doorstep, property experts are weighing up election issues and what they mean for certain areas.
Kim Clarke, developer of Plantation Palms, says the abolition of the mining and carbon taxes could positively affect Mackay.
“We’ve witnessed a decline in the number of mining jobs over the past six months, and the Mackay economy is feeling the impact,” says Clarke.
“Abolishing both the mining and carbon taxes could completely turn this area on its head and result in increased investment in our community and economy.
“China and India need our coal, how can we operate as a world without coal?” says Clarke.
Clarke says there’s a lack of confidence in the Mackay area and although there’s stock, people aren’t buying.
Clarke says the drawing out of the election was one of the biggest mistakes the Labour government made as people always slow down before an election.
“Mining towns are small compared to Sydney and Melbourne and therefore anything that happens within the local papers, people think that’s happening.
“People just aren’t buying, once we have an election, people will become more certain and confidence will start to come back."
Clarke also emphasises the Australian dollar, although more so related to the RBA than the election.
“The dollar coming down is fabulous, it’s very very important for the mining industry, I’d like to see if come down even further.
“The mining industry has been having to suffer with a dollar at parity to the US dollar, a lower dollar means we’re more competitive with the rest of the world.
“The low dollar helps with tourism also, it stops Aussies getting more for their money overseas and it means foreigners get more for their money here,’” says Clarke.
Clarke says the mining industry boom is over, in terms of building new mines but mines will still work if they’re economical to produce.
“At the moment we’re going through a phase that will make the mines more productive by employing more productive people.
“Just like a shopping centre, they change shops around so they can get more traffic… we have to do the same with mines. We have to get smarter and do a better job” says Clarke.
The median house price in <a href="/news">Mackay </a>is $399,000, a 14.8% change in the past five years, according to RP Data.
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Abolition of the mining and carbon taxes a positive for Mackay

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Caydon’s $200 million project and St Kilda’s tallest building, S.T.K., is already 50% sold, ahead of its official launch date later this month.
Located on St Kilda Road, the development will include 309 apartments and 19 townhouses upon completion.
The development is yet to be launched to the public but has secured sales through registrations of interest and previous purchasers of Caydon developments.
The 26-level building, made up of two structures within one façade, will house one- and two-bedroom apartments, as well as two-bedroom dual level rooftop terraces.
<img alt="s.t.k-sept-5-one" height="487" width="470" src="/images/stories/2013/09/05/s.t.k-sept-5-one.jpg">
Two-bedroom townhouses will be located on Barkly Street.
One-bedroom apartments range in size from 50 square metres to 61 square metres and range in price from $380,000 to $527,000.
Two-bedroom apartments range in size from 64 square metres to 87 square metres and range in price from $560,000 to $842,000.
Townhouses on Barkly Street range in size from 68 square metres to 71 square metres and rooftop terrace townhouses range in size from 82 square metres to 100 square metres.
Townhouses range in price from $645,000 to $820,000.
Designed by Eades and Bergman, apartments will feature textured splashbacks, marble finishes, satin chrome fixtures and timber flooring.
Residents will have access to the S.T.K club, comprising of a 20-metre infinity edge pool, gym, steam room, yoga room, business lounge and a library.
“S.T.K’s appeal is its location and luxury build,” says Joe Russo, principal of Caydon.
“S.T.K offers an unrepeatable opportunity to live in this location and our architectural design makes the views a primary consideration with over 70% of apartments featuring incredible water and city views,” says Russo.
Caydon purchased the 2,827-square-metre site for $20.9 million.
Construction is scheduled to commence early next year with an expected completion date of late 2015.
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St Kilda's tallest building S.T.K apartments snapped up ahead of official launch

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Her Majestys boutique apartment complex in South Yarra officially launched over the weekend after a redesign hurdle put marketing on hold.
Developed by Bravo Properties Developer, the complex will feature 16 boutique apartments, including four penthouses.
Prices range for $875,000 to $2.45 million.
Chief executive and managing director of Bravo Properties Gary Ebeyan says the launch went well.
"We have three potential sales, two of them being penthouses.
"Most developments are 80% rented out, I think Her Majesty's is attracting people who want to have less people renting in the building.
"Majority of people looking at the development have been owner-occupier. I think there will be one, two or maybe three max who are investors," says Ebeyan.
The original design featured 10 apartments and didn’t proceed due to expensive amenities getting in the way of potential buyers.
“Buyers didn’t want to pay that much, so we redesigned to bring the prices down,” says Ebeyan.
“We adjusted to look after what the market wants,” says Ebeyan.
Located on Davis Avenue, apartments will feature terrazzo or parquetry flooring and almost three-metre high ceilings.
The kitchens will include a centrally located marble bench with European appliances.
Residences will have access to a fitness centre and spa.
Hacer Group were appointed as builders in October last year.
<a target="_blank" href="https://bravoproperties.com.au/hermajestys/">Her Majesty’s Apartments</a> were marketed in 2011 as being finished in October 2013.
Apartments are now scheduled for completion in November 2015.
South Yarra Real Estate have been appointed as selling agents.
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Her Majestys South Yarra relaunch after redesign hurdle

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Frasers Property’s Putney Hill community is benefiting from the extension of the NSW Government’s first-home buyer scheme, with over 50% of the newly released Jacara apartments being snapped up since late July.
The sales in the Cox Richardson-designed Jacara complex boosts the 13.9-hectare <a href="https://www.putneyhill.com.au/" target="_blank">Putney Hill</a> community now to 80% sold.
“People have taken notice of the NSW Government’s decision to extend the first-home owner scheme, and this combined with positive sentiment around record-low interest rates – along with the arrival of spring – has seen many young, yet discerning, families and individuals coming our way looking to enter the property market,” says Warwick Dowler, Frasers Property Australia project director.
The NSW first-home buyer scheme offers $15,000 to those purchasing or building a new home.
“We’re seeing real confidence from first-home buyers right now,” says Dowler.
Frasers Property is also offering purchasers an incentive package comprising of kitchen appliances of up to $10,000 in value.
“We are pleased to offer home buyers our Kitchen Connoisseurs incentive package, which when combined with the $15,000 grant, could result in up to $25,000 off the cost of a new home,” says Dowler.
“We have already seen a number of new home buyers take advantage of this offer, so given its popularity, we are not expecting Jacara Apartments to remain on the market for very long,” says Dowler.
Prices of <a href="/news">Jacara apartments </a>range from $405,000 for a one-bedroom apartment, $594,000 for a two-bedroom apartment and $1.09 million for a three-bedroom apartment.
Jacara Apartments will offer its new residents a leafy retreat with communal garden beds for growing vegetables and herbs, a putting green, an outdoor barbecue as well as a formal lounge and quiet areas.
Construction of Jacara apartments is planned for completion in 2015.
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Jacara Apartment Putney Hill sales boosted by NSW first-home buyer scheme

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A much-loved family home in Hamilton sold under the hammer on the weekend for $2.15 million.
Located at 28 Windermere Road, it was the first time the four-bedroom home was offered in 40 years.
Situated on 1,423 square metres, the property was marketed as being ripe for renovation.
Listing agent <a href="https://raywhiteascot.com.au/qld/hamilton/1008760/" target="_blank">Damon Warat of Ray White Ascot</a> said there were nine registered bidders at the August 31 auction.
“I imagine the buyer plans to restore it to its former glory,” says Warat.
The property last traded in 1973 for $39,500 - a 10% annual appreciation rate.
The median house price in <a href="/news">Hamilton</a> is $1.4 million, a 21% change in the past five years, according to RP Data.
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Hamilton, Brisbane renovation gem sells under the hammer for $2.15 million

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Brookfield Residential Properties has appointed Brisbane-based iCreate Solutions to manage the digital marketing for its new Bluewater Estate in Cairns.
ICreate will target empty-nesters and families through an advertising campaign using print, radio, tv, social, outdoor and online channels.
The campaign – 20,000 reasons – will run throughout the year and include promotions and social media activity to target potential buyers.
“With more than 15 years experience working in the property development industry, we understand how consumers search for and assess property and have combined this knowledge with our skills in the digital space,” says iCreate Solutions director Sonia Keen.
“Being awarded this prestigious contract demonstrates Brookfield’s confidence in us to provide innovative and creative solutions that really speak to digitally-savvy buyers,” says Keen.
Brookfield’s 155-hectare master-planned community Bluewater Estate is located in Cairns’ Trinity Parkland and features rainforest, parkland and waterfront sites.
At the heart of the estate is the $4.5 million 108-berth marina, featuring a combination of 10-, 12-, 15- and 18-metre berths.
On completion, Bluewater will feature 900 homes.
The newest release Cascade was launched last week and comprises of 30 lots - 18 are already under contract.
The remaining lots in Cascade range from 473 square metres to 840 square metres and start from $161,000.
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Brookfield appoints iCreate Solutions to target potential purchases of Bluewater

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A four-bedroom tri-level home in Vaucluse is this week’s most expensive sale, selling under the hammer for $6.3 million, according to RP Data.
The property was <a href="https://www.propertyobserver.com.au/news/castlepeake-architects-designed-vaucluse-trophy-home-listed/2013080163717" target="_blank">listed with a $5.5 million plus price guide</a> for its August 30 auction.
Located at 18 Village High Road, the property is situated on 835 square metres and features courtyards, tropical gardens, a terrace and a pool.
Designed by Castlepeake Architects, the home features limestone floors, a kitchen with Gaggenau appliances, home theatre and a gymnasium.
The master bedroom boasts its own private terrace with views to the harbour.
The property also includes a private nanny’s quarters at the rear of the property designed by <a href="https://www.castlepeake.com.au/vaucluse.asp" target="_blank">architects Peter Tout and Brien Kwong</a>.
Listing agent Elliot Placks says the auction was packed and six registered bidders fought it out.
“The end buyer was a man from Chinese mainland. They [Chinese mainland buyers]  are being quite competitive at the moment, they’re buying a lot of property,” says Placks.
The property last sold in February 1998 for $2.32 million.
Elliot Placks and Ashley Bierman of <a href="https://rwdbgroup.com/nsw/vaucluse/1002809/" target="_blank">Ray White Double Bay had the listing.</a>
The median house price in <a style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;" href="/news" target="_blank">Vaucluse</a> is $2,650,000, a 15.2% decline in the past five years according to RP Data.
The most expensive sales of the August 31 weekend:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/18_village_high_road_vaucluse_nsw_2030/7146520" target="_blank">18 Village High Road, Vaucluse, NSW, 2030</a>, four-bedroom house, sold on August 30 by Ray White Double Bay for $6.3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6_heymount_close_toorak_vic_3142/13582719" target="_blank">6 Heymount Close, Toorak, VIC, 3142</a>, four-bedroom house, sold at auction on August 31 by Marshall White Real Estate for $4.05 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4a_wallaroy_crescent_woollahra_nsw_2025/7743031" target="_blank">4A Wallaroy Crescent, Woollahra, NSW, 2025</a>, four-bedroom house, sold on August 30 by McGrath Estate Agents Eastern Suburbs for $3.5 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/134_kooyong_road_armadale_vic_3143/9317449" target="_blank">134 Kooyong Road, Armadale, VIC, 3143</a>, four-bedroom house, sold at auction on August 31 by R T Edgar Toorak for $3.4 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/117_gordon_street_balwyn_vic_3103/9558635" target="_blank">117 Gordon Street, Balwyn, VIC, 3103</a>, five-bedroom house, sold prior to auction on August 31 by R T Edgar Toorak for $3.245 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/60_roseville_avenue_roseville_nsw_2069/5961035" target="_blank">60 Roseville Avenue, Roseville, NSW, 2069</a>, four-bedroom house, sold at auction on August 31 by Belle Property Killara for $2.965 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/124_raglan_street_mosman_nsw_2088/4501802" target="_blank">124 Raglan Street, Mosman, NSW, 2088</a>, four-bedroom house, sold prior to auction on August 31 by Galetto Real Estate for $2.9 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_robson_road_kenthurst_nsw_2156/3297332" target="_blank">9 Robson Road, Kenthurst, NSW, 2156</a>, seven-bedroom house, sold at auction on August 31 by L J Hooker Dural for $2.74 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/30_head_street_brighton_vic_3186/10013279" target="_blank">30 Head Street, Brighton, VIC, 3186</a>, three-bedroom house, sold at auction on August 31 by Buxton Real Estate Brighton for $2.675 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_carpenter_street_colyton_nsw_2760/1897798" target="_blank">8 Carpenter Street, Brighton, VIC, 3186</a>, four-bedroom house, sold prior to auction on August 31 by Marshall White Brighton for $2.621 million
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Castlepeak Architects-designed Vaucluse home most expensive sale: RP Data

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Although the first week of the busy selling season is upon us, scheduled auctions across the capital cities are the lowest they’ve been in some time. It's a result of vendors seeking to avoid a clash with the federal election this weekend, with a total of 916 auctions scheduled this week, according to RP Data.
It’s less than half the volume of auctions held last week at a revised 1,985 and 1,572 the previous week.
However the preliminary clearance rate increased last week to 72.9%, up from 70% the previous week.
At the same time last year, there were 1,294 auctions and a clearance rate of 54%.
Sydney’s clearance rate increased from 75.3% the previous week to 81.2% last week, the highest rate recorded since the week ending January 31 in 2010.
Sydney auction volumes also increased last week to a revised 847, up from 557 the previous week.
At the same time last year, Sydney had 513 auctions and a clearance rate of 58%.
Melbourne’s clearance rate decreased last week to 73%, down from 76.2% the week before.
Melbourne auction volumes increased last week from 712 the previous week to 833 last week.
At the same time last year, Melbourne held 538 auctions and had a clearance rate of 57.4%.
Melbourne has 486 auctions scheduled this week and Sydney has 268.
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Scheduled auctions fail to bloom in the first week of spring: RP Data

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The number of days property is lingering on the market before sale is increasing in most capital cities around the nation, according to Australian Property Monitors.
Over the month of August, Brisbane increased the most, spending an average of 122 days on the market, the highest month since January at 128 days.
In July, Brisbane property was spending an average of 104 days on the market.
Perth property stayed on the market longer throughout August, increasing from an average of 77 days in July to an average of 90 days in August.
Melbourne property sold faster in the month of August than it did earlier this year, peaking in the month of January at an average of 112 days on the market.
Melbourne propertys average time on the market stayed relatively stable in August at 95 days, a slight increase from July at 93 days.
Sydney has remained the snappiest city for the second month in a row, with an average of 73 days on the market.
Sydney also peaked in January this year at an average of 93 days.
<img height="707" width="470" src="/images/stories/2013/08/heat-chart-aug-28-one.jpg" alt="heat-chart-aug-28-one">
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Winter months see property linger on the market for longer: APM

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Little Projects has appointed Hickory Group to build their latest develop Central South Yarra, as the $220 million residential apartment complex reaches 80% in sales.
Located in the Forest Hill precinct, the 30-storey development will house 356 one- and two-bedroom apartments upon completion, and two penthouses.
One of the penthouses were snapped up for over $4 million.
The two bedrooms are priced from $600,000 with the two-bedroom with two bathroom apartments starting from $745,000.
They range in size from 62 square metres to 92 square metres.
The other penthouse is available from $2.75 million.
“The construction of Central signals the next step in our vision for South Yarra – a vibrant and enviable address with access to excellent transport connections, best cafes, eateries and shops at your doorstep,” says Little Projects managing director Michael Fox.
Architecturally designed by RotheLowman and with interiors by Plus Architecture, apartments feature large terrace balconies and kitchens with stone bench tops and Miele appliances.
Residents will have access to a rooftop retreat including a sky terrace, lounge, kitchen, dining room, swimming pool and gym.
“We pride ourselves on delivering high quality residential and mixed-use developments in prime inner-city locations. Central is a dynamic project that will transform this area,” says Fox.
Hickory Group has worked on a number of developments for Little Projects, including the soon to be complete <a target="_blank" href="https://www.propertyobserver.com.au/developments/little-projects-ilk-south-yarra-development-weeks-away-from-completion/2013082864417">ILK</a>, also in South Yarra.
Central South Yarra has an expected completion date of mid-2015.
The median apartment price in <a target="_blank" href="/news">South Yarra</a> is $541,000, a 14.1% change in the past five years, according to RP Data.
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Little Project appoints Hickory Group to build 80% sold Central South Yarra

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.

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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" />

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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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