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The cyclical improvement in housing affordability has continued for buyers in the June 2013 quarter.
Housing affordability in Australia is 16.7% higher than it was in mid-2012, after an increase of 4.4% to 72.8%, according to HIA.
In the June 2013 quarter, the HIA-CBA Housing Affordability Index increased in all seven capital cities.
<img height="276" width="470" src="/images/stories/2013/08/hia-sug-28-one.jpg" alt="hia-sug-28-one">
The strongest quarterly increase occurred for Brisbane, with a rise of 10.4%.
Outside of the capital cities, affordability improved in the June 2013 quarter in all six non-metro regions.
The strongest quarterly increase was for regional Queensland with a rise of 9.6%.
“A synchronised increase across the capital cities and non-metro areas drove the further improvement in the June 2013 quarter,” says HIA chief economist Dr Harley Dale.
“These are certainly encouraging results for those entering the market at this time in the cycle,” says Dale.
Dale says the considerable reduction in interest rates is more than offsetting recent dwelling price increases.
“Current improvements in housing affordability do not represent structural shifts in Australia’s affordability, rather, they represent the dominant impact of cyclical changes in lending rates which will of course be prone to reversal at some point.
<img height="307" width="470" src="/images/stories/2013/08/hia-aug-28-two.jpg" alt="hia-aug-28-two">
“Genuine, structural improvements to affordability are contingent on a stock of housing supply that grows commensurately with the population and its housing needs,” says Dale.
Dale says the Federal Government needs to lead a policy reform in order to drive a sustained improvement to residential construction and to address the housing affordability challenge in Australia.
“A relative new house affordability advantage has emerged for Sydney and Western Australia in recent quarters.
“These are the areas of Australia where, not coincidentally, a clear new home building recovery is underway,” says Dale.
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Brisbane's housing affordability improves in June quarter for hard-strapped buyers: HIA

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ME Bank has cut its one-year fixed lending to 4.94% per annum, cutting its Super Member Home Loan standard loan rate by another 0.15% (5.36% comparison).
ME Bank has also made cuts to its other one-year fixed home loans across the Super Members Home Loan and Member equity Home Loan ranges.
Property Observer has today reported on the <a href="/news">cheapest rates</a> ahead of the next likely RBA rate cut on Melbourne Cup day.
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ME Bank cuts one-year fixed lending to 4.94%

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After years on the market and speculation of sales, the penthouse at Hyde Park's The Residence has been sold for $17 million to a buyer of Chinese descent.
The sale was brokered through Nigel Napoli at Savills Residential Projects.
Conjunctional agent Ben Stewart of CBRE confirmed the sale to Property Observer.
The speculation is that the buyer has regularly travelled between Australia and mainland China and some of his family are students in Australia.
Apartment 88, also known as The Sulman, was initially listed with $20 million hopes and underwent $1 million worth of upgrades last year.
The penthouse features three bedrooms, marble bathrooms and a rooftop garden and pool. It comes with 810-square-metre over two levels, equating to $21,000 a square metre.
<a href="https://www.propertyobserver.com.au/new-south-wales/lucky-88-hyde-park-the-residence-penthouse-sale-caught-in-bad-luck-run-of-three/2012021053328" target="_blank">Property Observer</a> wrote about The Sulman in February last year when it was rumoured to have sold for $20 million, but no contract was ever signed.
The Title Tattle column noted the sale of the penthouse of The Residence had become akin to pulling a rabbit out of a hat as there had also been an initial premature AFR September 2011 sale report that suggested a very bullish $25 million. 
The other penthouse in the 23-level The Residence complex  is still on the market for around $15 million.
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Hyde Park The Residence penthouse sale confirmed at $17 million

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Collingwood’s Smith Street is soon to be a bustling community, with two new residential developments, You and I and Haus, to be completed by late next year.
You and I will reflect the diverse culture of the area through five larger-than-life artworks some 10 metres in the sky on the building’s façade, while Haus is inspired by the Bauhaus twentieth century design movement.
Located at 450 Smith Street, You and I (pictured below) will reach seven storeys high and include 28 one-bedroom apartments and 35 two-bedroom apartments.
<img style="font-size: 0.8em;" src="/images/stories/2013/08/you-and-i-aug-28.jpg" width="470" height="371" alt="you-and-i-aug-28">
The development is just under 80% sold, with a selection of two-bedroom apartments remaining from $580,000 to $680,000 and ranging in size from 70 square metres to 80 square metres.
Andrew Leoncelli of CBRE says majority of sales have been to owner occupiers.
Developed by ICD Property, You and I is architecturally designed by Orbit Architecture and features five artworks from Melbourne artist Steve Rosendale (pictured below).
<img alt="you-and-i-rosendale-aug-28-two-2" height="414" width="470" src="/images/stories/2013/08/you-and-i-rosendale-aug-28-two-2.jpg">
“To actually replicate and construct Steve’s artworks we will integrate an unusual technique of curing graphic concrete to create an impression on at least one of the walls, and then express the detail of the other designs via perforated metal screens,” says Chris Goss, creative director of Orbit.
Artwork templates will be layered over slabs of graphic concrete and once the templates have been removed, the slabs will be water-blasted to remove unset residue and pieced together to create the artwork.
“In the final product, the graduation of perforate gaps in the metal screen will coalesce to create textured pieces that are lit by ambient light,” says Goss.
“The evolution of the precinct over time has helped shape You and I; for example, there’s a strong urban subculture that appreciates street-art and so Steve Rosendale’s artworks elevate what is normally considered street graffiti and stencil work into high-end artistry on an unseen scale
With interiors by Carr Design Group, apartments will feature large windows, neutral colour palettes and Miele appliances in the kitchens.
Construction on You and I has already commenced, with an expected completion date of late 2014.
Further down the street at 416 Smith Street, Haus (pictured below) will feature 80 apartments over eight levels.
<img src="/images/stories/2013/08/collingwood-aug-28-two-pic.jpg" width="470" height="291" alt="collingwood-aug-28-two-pic">
Developed by Angelo Property Group, Haus will blend culture with contemporary living.
“Our mantra is to create living spaces that invite the outdoors in and Haus is no exception, as each apartment will have access to its own garden terrace,” says Ange Angelo director of Angelo Property Group.
Designed by architect Kennedy Nolan, Haus apartments will feature hexagonal wall tiles, Smeg coloured ovens, stone floors and stainless steel bench tops.
Each apartment will feature a garden terrace with landscape designs by Jack Merlo.
One-bedroom apartments range in price from $435,000 to $485,000 and two-bedroom apartments range in price from $530,000 to $650,000.
Apartments range in size from 51 square metres to 96 square metres.
“My family has been developing in the inner-city for 40 years and we’ve seen suburbs such as Richmond and Fitzroy evolve into the thriving communities they are today,” says Angelo.
“We’re now noticing the same transformation really start to take off in Collingwood with new cafes, bars and shop opening every week,” says Angelo.
Haus will also include retail tenants, a café and office spaces for lease.
Haus is currently 70% sold.
Construction is set to commence in October, with an expected completion date of October 2014.
Collingwood also has <a href="https://www.propertyobserver.com.au/developments/elenberg-fraser-designed-collingwood-oxley-development-sells-190-pre-marketing/2013072963583" target="_blank">Oxley</a> in the pipeline, an Elenberg Fraser-designed residential development.
The median apartment price in <a href="/news">Collingwood</a> is $520,001, a 10.6% change in the past five years, according to RP Data.
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Collingwood ripe with pipeline developments, You and I and Haus released on Smith St

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A new office, retail and entertainment complex known as The Ribbon could grace Darling Harbour if Grocon and Markham Corporation’s development application is approved.
The industry giants lodged a development application with the NSW Planning and Infrastructure for the redevelopment of the Sydney IMAX retail and entertainment complex.
The Ribbon, with a Darling Harbour frontage, will include 41,470 square metres of net lettable area of office space with large floor plates up to 3,500 square metres.
The Ribbon will also boast 7,300 square metres of retail, function and entertainment areas over 20 floors featuring an IMAX cinema, restaurants, cafes, a gym and a function centre.
Architecturally designed by Hassell Architects, the building is named The Ribbon due to its form and the way the building is wrapped from the east to the west like a ribbon.
“Sydney deserves a distinctive design like this,” says Chris Carolan, NSW general manager of the Grocon Group.
“The Ribbon personifies the liveliness and sophistication of modern Sydney in a way that speaks directly to contemporary landmarks like Marina Bay Sands in Singapore and The Shard in London,” says Carolan.
“We wanted a building that would transform this unique gateway site,” says James Markham, managing director of Markham Corporation.
“This is a challenging but important site in Darling Harbour and it demanded a brave and inspiring design,” says Markham.
After a successful year, the current owners of the IMAX cinema have bought two new state-of-the-art digital projectors to be included in the new IMAX cinema at The Ribbon.
Property Observer first <a target="_blank" href="https://www.propertyobserver.com.au/news/the-ribbon-in-darling-harbour-set-to-replace-sydney-s-imax/2012072455717">reported</a> on the redevelopment plans in July last year.</body></html>

Grocon and Markham Corporation lodge development application for Darling Harbour's The Ribbon

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A four-bedroom residence in the leafy suburb of Canterbury, known as St Magnus, sold on Saturday for $2.125 million after auction.
Owned by Dr. Tom Eggers and his wife Kate for the past 16 years, St Magnus was listed with a price guide around $2 million.
There were two bidders at the auction, but the residence subsequently passed in and then sold.
The European-inspired home was designed by Peter Martin of FMSA Architects and features a dome entrance, hand painted by Peta Laurisen. 
St Magnus boasts an entertainer’s kitchen with a glass ceilinged dining zone, three bedrooms plus a warehouse-style fourth bedroom with its own kitchenette and access to a rooftop deck.
The property also includes an indoor jet pool and a steam room.
St Magnus was listed with Tim Pickens and Rebecca Edwards of <a href="https://www.kayburton.com.au/property/7-the-ridge-canterbury" target="_blank">Kay &amp; Burton</a>.
The median house price in <a href="/news">Canterbury</a> is $1.7 million, a 5.1% change in the past five years, according to RP Data.
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Dr Tom Eggers sells St Magnus, the Canterbury trophy home

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Authentic Brazilian style steakhouse restaurant Viva Brazil will open its first Australian restaurant in Caydon’s Trilogi development.
Located on High Street in Prahran, the restaurant will be at the base of the 323-apartment complex, next door to Huxtaberger.
“It has taken us over a year to find the perfect site, and with Caydon just completing the Trilogi development in Prahran I knew straight away it was going to be the flagship Viva Brazil Restaurant for Melbourne,” says owner Ian Coffey.
Viva Brazil will spend $2 million on the restaurant fit out, which is due to officially open in mid-January but Property Observer notes that it will likely have a soft opening at an earlier date.
CBRE’s Zelman Ainsworth negotiated the 10-year lease deal, which sees the steakhouse rent a 300-square-metre space for $800 per square metre, totally $240,000.
The opening will create 48 jobs, with Viva Brazil planning to open 12 restaurants across Australia.
“Our UK restaurants has been named restaurant of the year and we’re really excited to be launching in Melbourne, because it is a place with some of the best restaurants in the world and has a passionate dining culture,” says Coffey.
Viva Brazil has three restaurants in the UK.
Caydon’s Trilogi development has 20 apartments left, with prices reduced to $320,000 for a one-bedroom apartment.
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Viva Brazil steakhouse to open first Aus store in Trilogi Prahran

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A three-bedroom renovated terrace in Alexandria soared past its reserve to sell at $1.82 million at its recent August auction.
Located at 48 Lyne Street, the two-storey terrace sold for $1.82 million, exceeding its $1.5 million reserve price.
“I was very surprised we got this result but knew it would go well as it’s located in the golden trainable of Alexandria in Lyne Street,” says selling agent Brigitte Blackman.
Located on 190 square metres, the home was built in the 1890s and was renovated in 2013 with designs by Mano Ponnambalam of ManoArchitects.
The renovated home features landscaped gardens and a private alfresco.
There were 13 registered bidders on the day with 160 groups taken through the house leading up to its auction.
Blackman says the auction was “fast and competitive, no mucking around.”
The terrace last traded in 2010 for $925,000.
Brigitte Blackman and Dominic Kuneman of <a target="_blank" href="https://innercity.ljhooker.com.au/QHHFP">LJ Hooker Inner City </a>listed the property.
The previous record for Alexandria was a three-level warehouse style terrace at <a target="_blank" href="https://www.propertyobserver.com.au/https://www.bresicwhitney.com.au/#!/buy/5519">9 Harley Street</a>, which sold for $1.62 million.
The median house price in <a href="/news">Alexandria</a> is $830,000, a 16.5% change in the past five years, according to RP Data.
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Renovated Alexandria terrace sells at $1.82 million

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Tiffany &amp; Co has confirmed it will be opening up shop in Adelaide next year, marking the first South Australian store for the glitzy jewelry brand. 
“I’m pleased to confirm that Tiffany &amp; Co will be opening a boutique in Adelaide in the second half of 2014,” says Australian managing director Glen Schlehuber.
However the brand has not announced its location, but it's reported to be in Central Plaza.
According to News Ltd papers, luxury international retailers require minimum shop fronts of at least 10 to 15 metres, ruling out Rundle Mall.
Central Plaza features a 23,000-square-metre David Jones department store and around 40 specialty stores.
“With other major upgrades planned to be undertaken to Adelaide Central Plaza and Rundle Mall over the next 12 months, the opening of Tiffany &amp; Co will continue to re-enforce Adelaide’s CBD retail offering as the nucleus of consumer activity in South Australia,” says Shaun Bonett, managing director of the Precision Group.
Bonett says Tiffany &amp; Co will spend close to six months preparing a fit out for its new Adelaide store.
The Adelaide store will be the eighth Australian store for the little blue box.
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Tiffany & Co to open its first Adelaide store in 2014

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A three-storey architecturally designed property positioned above the Bondi to Bronte coastal walk is on the market for the first time in 58 years.
Listing agent Blaise Griffin of Raine and Horne Double Bay says the property has received genuine interest over $10 million.
Located at <a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/295737">23 Wilga Street</a>, the three-bedroom home (pictured above) includes prominent features of the Sydney School of Architecture style.
The property was custom built in 1963 and includes a main residence, as well as a three-bedroom, two-bathroom self-contained residence on the 707-square-metre lot.
The main residence features bagged and rustic brick walls and cathedral ceilings.
The property includes a private garden with approximately a 30-metre frontage.
“It’s really hard to put a value on a property like this,” says Griffin.
“The only site we can compare it to is <a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/properties/131433">105 Ramsgate Avenue</a>, which sold for $14 million."
“The land does have median density zoning on it, but we believe the buyer for this trophy property will be an owner-occupier,” says Griffin.
The home will go to auction October 19 through Ric Serrao and Blaise Griffin of <a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/295737">Raine and Horne Double Bay</a>.
The median house price in Bondi is $1,700,500, a 26% change in the past five years, according to RP Data.
<img height="60" width="470" src="/images/stories/2013/08/PO_Strap_new.jpg" alt="PO_Strap_new">
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Sydney School architecture Bondi Beach gem to fetch over $10 million

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Nicola Trotman

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