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The June quarter is the fourth consecutive quarter of positive news for vendors in the Queensland market, with both sales activity and the median house price strengthening, according to REIQ.
The preliminary tally of house sales volume increased 22% in the June quarter when compared to the March quarter.
Compared to the same period last year, house sales are up 40%.
“The June quarter historically yields the lowest numbers of residential sales activity during the year but this data shows house sales are notably much higher compared to the same three months in 2012,” says REIQ chief executive Anton Kardash.
The median house price in Brisbane increased 1.6% over the June quarter to $527,250 and the number of sales increased 32% over the June quarter and 44% when compared to the same period last year.
Over the last financial year, the Toowoomba median house price increased 4.5% to $315,000.
Gold Coast’s median price increased 3.1% to $466,000 and the Sunshine Coast’s median house price increased 2.3% to $438,000 over the last financial year.
“The September quarter and the upcoming spring selling season is typically a great period for the Queensland real estate market,” says Kardash.
“And with such good price and sales results for the June quarter, as well as historically low interest rates, it’s shaping up to be another strong period as our market continues to build momentum.
“No doubt the influence of historically low interest rates and increased perceptions of housing affordability have seen more people move off the sidelines and back into the property market of late.
“REIQ estimates of Queensland investor activity also shows that the numbers of investment dwellings financed is tracking at about the historical average,” says Kardash.
Kardash says investors have recognised the strong rental market, including low vacancy rates and are taking a plunge.
Although interest rates are at historical lows, first home buyers in Queensland remain well below historical averages at just 11% of dwellings financed in June, a decrease of 35% compared to June last year.
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Queensland residential market momentum uplift: REIQ

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A boutique development aimed at Sydney’s young professionals in Surry Hills is about 80% sold as construction commences.
East Central, located on Elizabeth Street, features 42 apartments across eight levels.
Developed by Samadi Group, some 32 apartments have already been snapped up.
A selection of one-bedroom apartments are still available priced from $575,000 to $670,000 and a three-bedroom apartment is available from $1.3 million.
Apartments feature terraces, natural stone floors, dark timber joinery and marble bathrooms.
“It’s 170 meters away from Central Station, with restaurants, cafes and bars everywhere,” says selling agent Sam Elbanna of CPM Realty.
“It is already in an in demand area and the young up and comers are looking for spaces where they spend their nights.
“Majority of buyers are owner occupiers, aged between 25 to 45,” says Elbanna.
Architecturally designed by Brenchley Architects, East Central will feature ‘Eat Street’, a ground floor culinary precinct boasting gourmet providers and restaurant spaces.
Elbanna says the development is a great investor opportunity, with the units having a guaranteed return of 5.5% for five years, with annual increases.
The development is the first of two East Central developments being undertaken by Samadi Group.
East Central is expected to be completed by late 2014.
The median apartment price in <a href="/news">Surry Hills</a> is $515,000, a 28.8% change in the past five years, according to RP Data.
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Boutique Surry Hills development East Central almost 80% sold

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A five-bedroom architecturally designed property in Jollys Lookout is scheduled to go under the hammer on September 14.
Located at 948 Mt Nebo Road, the property sits on 21 hectares and offers views to Moreton Bay and the Glass House Mountains.
Designed by Dion Seminar Architects, the Asian-influenced home features imported large timber doors, 140-year-old imported polished teak timber floors and a landscaped courtyard with stone monuments and water features.
The residence comes with a home theatre with an automated blackout ceiling and retractable walls as well as a commercial grade kitchen.
Property Observer featured the home in its <a href="https://www.propertyobserver.com.au/design/cool-off-with-queensland-s-hottest-infinity-pools" target="_blank">hottest infinity pools</a> story back in January.
The property last traded in 2011 for $3.3 million.
Victor Sabados of Champ Realty says the property has received a lot of interest, but with a national marketing campaign kicking off today, the next week will say more.
It is listed with price expectations in excess of $4 million.
<a href="https://www.propertyobserver.com.au/data-map?utm_source=Property+Observer+List&amp;utm_campaign=bed190e75c-June_17_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-bed190e75c-" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/yieldsbanner.jpg" alt="yieldsbanner" width="470" height="127"></a>
Victor Sabados of <a href="https://www.propertyobserver.com.au/https://www.champrealty.com.au/property/details/19" target="_blank">Champ Realty</a> has the listing.
Jollys Lookout is located 35 minutes from the Brisbane CBD.
<a href="https://www.propertyobserver.com.au/residential/trophy-homes/" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/08/PO_Strap_new.jpg" alt="PO_Strap_new" width="470" height="60"></a>
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Jollys Lookout trophy home with infinity pool stunner

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The first integrated residential estate in Bali, Ayana Residences, has sold 75% of its stage one release, including the sale of a US $3.2 million penthouse.
<a target="_blank" href="https://www.propertyobserver.com.au/leisure/luxury-bali-resort-ayana-attracts-attention-of-perth-miner-off-the-plan-investors/2012102457386/Page-1">Ayana Residences</a>, a new residential complex on the grounds of the luxury Ayana Resort and Spa in Jimbaran Bay in Bali, has had particularly strong interest from Western Australian based mining industry people given their proximity to the resort location.
Apartments in the Ayana Residences range from about US $500,000 for one-bedroom through to US $1?million for two bedrooms, with rooftop and garden penthouses at around US $2.7?million.
It will consist, on completion, of 155 luxury apartments within a 6.5-hectare secure gated community.
Ayana was in attendance at the Melbourne Home Buyer and Property Investor show over the weekend, with five potential buyers committed to travelling to Bali to stay in the resort and do a site inspection.
Construction remains on schedule, with the first phase to be released in late 2014.
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Phase one of luxury Ayana Residences Bali 75% sold

A five-bedroom award-winning house in Mentone is on the market for $2.9 million plus.

Located at 54 Venice Street, vendor Jim Tsaganas built the home himself in conjunction with Jasmine McCelland Design three years ago.

Situated on 1,112 square metres, the property boasts German timber cladding, bluestone masonry, rough-cast rendering and copper clad pivot entrance door.

The home also includes heated polished concrete flooring and Tasmanian wormy chestnut timberwork.&nbsp;

The property has won many awards include bathroom of the year and kitchen of the year at the KBD Designer Awards 2013, as well as the best bathroom at the HIA Building Awards in 2012.

The residence also includes a suspended pivoting French fireplace in the living room, an outdoor kitchen and a tennis court.

The median house price in <a href="/news">Mentone</a> is $690,000, a 10.4% change in the past five years, according to RP Data.

Award-winning Mentone trophy house listed

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Despite the auction market strength, private treaty vendors were required to offer higher discounts in Sydney, with the average discount increasing mildly in August to 5.4%, according to Australian Property Monitors.
Canberra's average discount also increased to an average 5% vendor discount, and is the only city with a higher required discount than last August.
Melbourne's average vendor discount climbed from 6.1% in July to 6.3% in August.
Brisbane was the highest required discount amid the capital cities with an average vendor discount of 7% in August.
Perth remained stable at a 5.4% average discount.
The Gold Coast dropped in August to 8.1%. 
<img alt="heat-chart-aug-28-two" src="/images/stories/2013/08/heat-chart-aug-28-two.jpg" width="470" height="712">
Source APM
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Sydney's private treaty discount increases to 5.4% in August: APM

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Location Location Location Australia series two premiered last night on the Lifestyle Channel.
Accountant Tom and his wife Helen were looking to downsize after their sporting business hit problems and copywriter Robbie and wife, graphic designer Bec, were renters who wanted their first-home.
<a target="_blank" href="https://twitter.com/BryceHoldaway"><img src="/images/stories/2013/08/tweet-of-the-day-aug-29.jpg" width="470" height="57" alt="tweet-of-the-day-aug-29"></a>
The Australian's television critc Graeme Blundell called it "a bit of fly-on-the-wall property psychodrama."
"With some expert judgmentalism to add to the drama like the long-running British series on which it is based.
Property Observer has plucked out key property lessons from episode one which focused on the south east bayside suburbs of Melbourne. But buyers were warned don’t be fooled by the cafes and gracious period homes.
Bryce Holdaway says as affordability had never been better, with historical low interest rates, but advises that there were a lot of first homebuyers entering into the market.
Its also suggested unless you’re unsure you should never rush into property as you run the risk of a very expensive mistake.
Savings put buyers in a position of strength at the auction allowing them to have the confidence to bid strong and confidently.
Holdaway suggests its important to give other people the indication that you have big pockets and that you’re going to buy it no matter what.
Episode two screens on September 4 at 8:30pm on the <a href="https://www.lifestyle.com.au/tv/location-location-location-australia/" target="_blank">Lifestyle Channel</a>.
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Important property lessons from Location Location Location Australia

A Waterloo terrace, part of a trio known as Dan&rsquo;s Terrace, has set a record price for the suburb after selling for $1.3 million.

The three-bedroom, mostly&nbsp;unrenovated property trumped the previous sale record by a just over a quarter of a million.

The trio of terraces have been held by the same family for 50 years, passing through three generations.

Located at 103 Phillips Street, the recently sold terrace is situated on 190 square metres and features high ceilings, character features, original fireplaces and a woodfire stove in the renovated but dated kitchen.

It was listed&nbsp;through <a href="https://bradfieldcleary.com.au/3838650/103-Phillip-Street-Waterloo" target="_blank">Brenton Gadsby of Bradfield Cleary</a>.

The middle of the three&nbsp;will be brought to market soon.

&ldquo;The second terrace home is slightly better condition, so we are expecting some more competitive offers,&rdquo; says Gadsby.

Untouched in over 50 years, Waterloo terrace sets new price record

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Little Projects' ILK development in South Yarra is only weeks away from completion.
Located at 227-229 Toorak Road, ILK sold all of its 389 apartments earlier this year.
Rising 24 storeys high, ILK’s façade is designed by Cox Architecture, and features pre-cast concrete, timber, zinc, tinted glass and steel.
“We wanted to create a classic building, one that still fits in with the street and surrounds in thirty years,” says Cox Architecture director Patrick Ness.
Residents will have access to a level nine podium, boasting an outdoor area landscaped by Tract Consultants, a teppanyaki bar, picnic area and cinema room. 
“We set the bar higher with each project we deliver and ILK is our best landmark yet that sets a new benchmark – our signature of luxury inner-city living,” says Little Projects managing director Michael Fox.
Fox says it is little wonder that ILK has been so well received by Melbourne’s buyers and savvy investors.
“Positioned along one of Melbourne’s best cultural precincts including designer boutiques, transport, bars and eateries, you have the best of Chapel Street’s cosmopolitan lifestyle at your doorstep,” says Fox.
“You cannot separate ILK from its location; it’s meant to be here and wouldn’t work in any other area,” says Ness.
The median apartment price in <a 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 Projects' ILK South Yarra development weeks away from completion

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The City Tattersalls Club in Sydney has proposed a 48-floor building with mixed used potential for the Pitt Street location.
The redevelopment is part of a plan to change the clubs business model, reducing the financial dependence on gaming.
<img height="667" width="470" src="/images/stories/2013/08/pitt-street-aug-28-one.jpg" alt="pitt-street-aug-28-one">
The development would include upgraded member facilities, commercial tenants, hotel rooms and 32 floors of designer residential apartments.
“A redevelopment would enhance the member experience providing an array of new facilities and services including a new state-of-the-art fitness centre, top rating day spa, restaurants and hotel rooms,” says City Tattersalls Club chairman Patrick Campion.
“By broadening the club’s offerings we hope to be able to improve facilities for present members and attract a new group of members from the surrounding business district, the broader Sydney community and international visitors – helping to secure the club’s future for another 100 years,” says Campion.
Dating back to 1895, the 2,339-square-metre site currently houses three heritage listed buildings.
City Tattersalls Club CEO Tony Guilfoyle says the development will utilise the unused airspace, providing expansive views and the possibility of a restaurant on floors 47 or 48.
Jon Chomley of Colliers International says the supply of residential apartments in the city has been dwindling.
“Between January 2010 and May 2013, there were 2,577 new and established apartment transactions above $200,00 within the Sydney CBD, however sales volumes have been dwindling on an annual basis, with the most significant decline of 21% occurring during 2012,” says Chomley.
“If the trend reported in the first five months of 2013 continues, sale transactions are expected to be even lower this year.
“We believe the timing is right for a new supply of residential apartments in the heart of Sydney,” says Chomley.
Colliers International will run an expression of interest campaign from September 3 to attract a developer.
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City Tattersalls Club proposes 48-level Pitt Street Sydney mixed use redevelopment

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.

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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.

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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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