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Geelong girl Portia De Rossi and her wife Ellen DeGeneres are on the property radar again, this time relisting their Thousand Oaks horse ranch.
Located in the Hidden Valley area of Thousand Oaks, the 10.5-hectare horse ranch is listed for $10.995 million.
The property features eight bedrooms and ten bathrooms.
The couple bought the ranch in 2008 for $8.5 million and has since given it a full makeover.
They listed it two years later for $16.5 million and then dropped the price to $14.9 million.
The property features eight farmhouse-style cabins, two barns, stables, a tennis court and a yoga pavilion.
The couple never drops off the property spectrum for long, having <a href="https://www.propertyobserver.com.au/news/aussies-keeping-us-realtors-busy-olivia-newton-john-portia-de-rossi-and-frank-lowy/2013062661728" target="_blank">bought an estate in Montecito California</a> in June for a reported $26.5 million.
The 980-square-metre Saladino Villa boasts six bedrooms, a gourmet country kitchen with a beamed ceiling and a library/media room.
The home sits on 5.2 hectares and features an ocean-view swimming pool, 18th century Spanish entry gates and a 2,000-year-old roman column.
Saladino Villa was originally listed for $24.5 million in 2010 but the price was dropped in January 2012 to $22 million, according to Zillow.
DeGeneres owns several other properties in Los Angeles, including Beverly Hills.
The equestrian ranch is listed with Suzanne Perkins and Patrick Martin of <a href="https://www.propertyobserver.com.au/https://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0113732?utm_campaign=OLDP-Zillow&amp;utm_source=zillow&amp;utm_medium=oldp&amp;utm_content=listing" target="_blank">Sotheby’s International Realty.</a>
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Ellen DeGeneres and Portia De Rossi re-list horse ranch for $10.995 million

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It was a busy weekend last Saturday in Sydney for land estates, with Sekisui House's latest land release snapped up, and eager buyers camping out for the release of Landcom's Cadden's Estate.
Sekisui House’s latest release of land at The Hermitage at Gledswood Hills secured the sale of 90% of the available lots selling over the launch weekend. 
Located in Sydney’s Macarthur/South West region, the Gabriel’s Run release included 54 lots.
Lots range in size from 375 square metres to 590 square metres and range in price from $225,000 to $300,000.
Some 50% of the sales were to partner builders and 50% were to homebuyers.
“We noticed a greater sense of urgency among buyers of this release, all looking for quality location and proximity to amenity,” says Sekisui House Project Director for NSW and QLD Craig D’Costa.
“We sold this release via appointment and this has appealed to buyers who like the exclusivity and attention they get through the process,” says D’Costa.
On completion, Gabriel’s Run will include more than 200 lots.
The snappy sales have meant the next land release is expected to be released in the next six to eight weeks, a year ahead of schedule.
<a target="_blank" href="https://www.propertyobserver.com.au/land/environmentally-minded-buyers-snap-up-sekisui-s-western-sydney-project-the-hermitage-perhaps-drawn-by-satoyama/2012030753713">The Hermitage</a> is set on a 312-hectare site and will feature a central three-kilometre green corridor and more than 10 kilometres of bicycle and pedestrian walkways.
The estate will also feature a hilltop village with boutique convenience shopping, cafes and community facilities.
“The Hermitage is a compelling option for buyers because it comes with a clear vision for the future and with over 60 homes now complete and almost 150 residents moved in, people can see this rapidly coming to life on a daily basis,” says D’Costa.
Gabriel’s Run was named after a local identity, Gabriel Louis Marie Huon de Kerillian, who owned the 200-year-old colonial convict-built Gledswood Homestead.
“Honouring the past and making it relevant for the present is very much the Sekisui House way, so each stage, park, path or public space will in some way acknowledge the historical or geographical significance of its location,” says D’Costa.
The Hermitage is the Japanese company’s first Australian master-planned community.
In Penrith’s Claremont Meadows, eager buyers reportedly camped out from Friday August 16 in hopes of securing a block in the Caddens estate.
The sales ran as a ‘first come, first served basis’, with four of the 35 lots selling by noon on Saturday.
Land in the Caddens Estate is priced from $260,000 and lots range in size from 350 square metres to 563 square metres.
On completion, Caddens will include 1,250 dwellings.
The median house price in <a target="_blank" href="/news">Penrith</a> is $365,000, a 12.3% change in the past five years, according to RP Data.
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Busy weekend in Sydney land sales as a few buyers camp out and buy up

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Her Majesty’s Hotel in South Yarra is to be finally redeveloped and restored into 16 apartments, including four penthouses.
Developed by Bravo Properties Developer, apartments range in price from $875,000 to $2.45 million. 
Located on Davis Avenue, apartments will feature terrazzo or parquetry flooring and three-metre high ceilings, with interiors by David Hicks.
The kitchens will include a centrally located marble bench with Miele or Gaggenau appliances.
Residences will have access to a fitness centre and spa.
The first hotel to operate on the corner of Toorak Road and Great Davis Avenue Road opened in 1870 and was known as the Royal Standard.
The Royal Standard was designed by Wilkinson &amp; Permewan and CB Abbott architects.
After many name changes, the hotel was rebuilt in 1889 and renamed Her Majesty’s Hotel.
The three-level apartment development is designed by Nicholas Day and will involve the inside of the building to be demolished to make way for modern development.
Original features will also be added back to the building, including a turret and the large verandah.
Hacer Group were appointed as builders in October last year.
<a href="https://bravoproperties.com.au/hermajestys/" target="_blank">Her Majesty’s Apartments</a> were marketed in 2011 as being finished in October 2013.
Apartments are now scheduled for completion in November 2015.
The median apartment price in <a href="/news">South Yarra</a> is $541,000, a 14.1% change in five years, according to RP Data.
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Her Majesty's Hotel South Yarra to become 16 boutique apartments

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The historic Yamble Homestead on Goolma Road – 40 kilometres north west of Mudgee – has sold having been listed with $1.45 million hopes.
It sold closer to $1.3 million, with listing agent Hugh bateman saying the vendors were incredibly happy.
The vendors purchased the run down home in 2003 for $820,000.
They were the first to ever own the property outside of the Lowe family.
Pioneer Sarah Lowe came to Mudgee in 1832 and selected a range of land, including Yamble.
Lowe’s brother-in-law Reginald Lowe is said to have designed Yamble.
The Gothic style, dual gabled red brick home includes four bedrooms, three bathrooms and is situated on 174 hectares.
The property has been recently renovated but features high ceilings, cedar joinery, timber floors and the original c1900 ballroom.
The home features a 3.5-kilometre frontage to the Cudgegon River, approximately 12 paddocks, a steel cattle yard, machinery shed and a workshop shed.
Approximately 36 hectares of land is sown to oats.
Hugh Bateman of <a target="_blank" href="https://www.thepropertyshop.com.au/buying/NSW/Central-West-Slopes/Mudgee/Lifestyle/1P1914">The Property Shop</a> held the listing.
The median house price in <a target="_blank" href="/news">Gulgong</a> is $308,500, a 40.9% change in the past five years, according to RP Data.
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Historic Yamble homestead in Gulgong sells

A double-storey brick balconied Victorian Terrace in Richmond has now been rented, having passed in at its recent auction and subsequently taken off the market.

Biggin &amp; Scott Richmond said&nbsp;there were two auction bidders.

It was then listed for sale at $1.18 million, but has&nbsp;now been rented out for $850 a week, which roughly reflects a 3.75% yield.

Located at 286 Burnley Street, Villa D&rsquo;Asti last sold in October 2010 for $1,125,000.

The four-bedroom property features a Caestar stone kitchen, open fireplaces and an alfresco courtyard garden.

Villa D&rsquo;Asti was built circa-1885 and boasts grand archways and ornate detailing.

The property was listed with Edward Hobbs of Biggin &amp; Scott Richmond.

The median house price in <a href="/news">Richmond</a> is $785,000, a growth of 13.1% over the past five years, according to RP Data.

Richmond Victorian terrace Villa D'Asti passed it at auction, now rented out for $850 a week

A nine-bedroom Noosa mansion has sold for an undisclosed price, having been most recently listed with a $9.25 million price guide.

No selling price has been revealed.

But Brinbara, hidden at the end of Sunshine Beach on its sprawling 3,595-square-metre two-title beachfront holding, was&nbsp;initially listed&nbsp;wth $14 million price hopes&nbsp;by property developer Michael Brown, the REMM builder and developer of the Myer Centre in Brisbane and Adelaide.

It&#39;s entered through iron security gates, down a winding driveway, past the tennis court with pavilion to the house with soaring porte-cochere. Inside the double entry doors is the massive foyer and the immediate framing of the ocean.

There&#39;s a sweeping staircase to most of its nine bedrooms.

It was built originally by Brian Wood for his wife Barbara hence the name Brinbara, bringing a bit of Toorak by the Sea when they first came to town.

Located on Webb Road, the&nbsp;property boasts a 70-metre water frontage.

The property was first listed in March 2011 with a $14 million price guide.

The home last traded in May 2003 for $7 million, and prior to that, for $3 million in 2001.

Brinbara was listed with <a href="https://www.offermann.com.au/buying/21_23_webb_road_sunshine_beach/" target="_blank">Nic Hunter of Tom Offermann Real Estate</a>, in conjunction with Tim McSweeney.

Undisclosed Sunshine Beach mansion sale after price drops from $14m to $9.25 million

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A 12-storey office building will be demolished to make way for a garment inspired residential complex opposite Treasury Gardens - known as 35 Spring Street.
The $350 million development will feature 270 apartments across 42 levels and will soar approximately 166 metres high.
Brett Griffiths of Colliers says the success in sales has been unbelievable.
"Owner occupiers account for 90% to 95% of buyers, with majority being downsizers," says Griffiths.
Grffiths says the buyers have been locals, with a large majority coming from the inner eastern pocket including Canterbury and Balwyn.
Developer Cbus Property has used architects Bates Smart to design the building, with the façade drawing on inspiration from the Flinders Lane garment trade.
The façade is based on fabric patterns that create a woven veil.
Apartment sizes range from 65 square metres to 330 square metres.
One-bedroom apartments start from $480,000 and two-bedroom apartments start from $770,000.
Two-bedroom apartments with garden views over Treasury Gardens start from $1.42 million and three-bedroom apartments with views start from $2 million.
Three half-floor penthouses are priced from $6 million.
The apartments will feature floor to ceiling glass windows and buyers will have the choice of three colour schemes.
Residents will have access to a gymnasium and a 25-metre pool with a deck and barbeque facilities.
The ground level will include a restaurant that will be open to the public.
The development has a scheduled completion date of mid 2017.
The median apartment price in <a href="/news">Melbourne</a> is $406,100, a 12.7% change in five years, according to RP Data.
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Flinders Lane garment trade inspired 35 Spring Street 70% sold

A five-bedroom architecturally designed home on Glyndon Avenue Brighton is currently under contract, having been listed with an $8 million price guide.

It reportedly fell just below the asking price.

Designed by BG Architecture, the home features natural and reconstituted stone and rich timber finishes.

Rising above a wine cellar and basement car park, the property includes four bathrooms, a gym, a kitchen with floating joinery and a nine-metre window splashback.

The 836-square-metre land has been landscaped by Jamie Clapham and includes a pool and spa.

It is the first time the property has been listed, having been built in 2005.&nbsp;

BG Architecture-designed Brighton home snapped up after $8 million listing

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A time warp from 1958 in Bellevue Hill has been sold under the hammer for $3,395,000.
It was listed with price expectations of $3.25 million.
Located at 1a Benelong Crescent, the four-bedroom home was built by Harold and Anne Lehmann in 1958 and has remained virtually untouched.
Located on 1,056 square metres, the property features a 17-metre frontage, an atrium style central courtyard and three bathrooms.
Listing agent Joseph Raskin says a lot of people have come to look at the property because it is so unusual.
Vogue Magazine reportedly recently went through the property, with an interest to do a fashion shoot in the home.
But with no heritage listing, the property was marketed as a development opportunity.
Raskin said there were five registered bidders on the day and the successful buyer is more than likely going to develop the site.
It was <a href="https://bradfieldcleary.com.au/3823051/1a-Benelong-Crescent-Bellevue-Hill" target="_blank">listed</a> with Paul Langsam of Raine &amp; Horne Double Bay in conjunction with Joseph Raskin of BradfieldCleary Double Bay.
Meanwhile, a four-bedroom Bellevue Hill residence designed by 1960s architect Henry Pollack has sold prior to auction for the first time in nearly 50 years.
It was listed with $4 million plus hopes and listing agent Michael Finger of Ray White confirmed it went for over $4 million.
Located at 20 Cranbrook Road, the two-level house sits on a 912-square-metre site and offers the opportunity to be updated,
It was listed with <a href="https://www.raywhite.com/nsw/bellevue-hill/1007726/" target="_blank">Michael Finger and Diane Wilson Ray White Double Bay.</a>
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Bellevue Hill sales see 1958 time warp sell, along with a 1970s Henry Pollack-designed residence

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A granny-flat at the back of a property can be useful for accomodating visiting family and friends, but for the astute investor, it's a useful way to generate extra income through renting it out.
Property Observer has looked around the nation for opportunities in each state.
A four-bedroom home on 13 hectares in Korumburra Victoria features a self-contained granny-flat under a shared roof life.
Located at 750 Korumburra-Warragul Road, the property is listed for $750,000.
Listing agent <a href="https://www.realestate.com.au/property-mixed+farming-vic-korumburra-7540667">John O’Connor</a> says the granny-flat could potentially draw in $300 for a Friday and Saturday night stay.
“It’s difficult to fill a granny-flat for seven nights a week.
“You could offer a midweek package, where you could offer the granny-flat for cheaper,” says O’Connor.
The granny-flat is separated by a carport and has its own privacy.
A three-bedroom renovated home at 3 Chaseling Street in Greenacre is on the market for $779,000.
It features a two-bedroom granny-flat with its own parking space and separate access.
It is currently rented for $350 a week, offering a rental yield of 2.34%.
The listing says the main house could be rented out for $550 a week, offering a potential income of $900 a week and a rental yield of 6%.
The property is listed through <a href="https://www.realestate.com.au/property-house-nsw-greenacre-112042387">Sash Fisher of L.H. Brown &amp; Co Belmore.</a>
A three-bedroom home in South Australia is on the market with a one-bedroom granny-flat.
The property at 11 Lynne Street Brahma Lodge is on the market with a price guide of $299,000 to $309,000.
The self-contained one-bedroom granny-flat could be rented out for $150 to $200, reflecting a potential rental yield of 3.48%.
The property is listed <a href="https://www.realestate.com.au/property-house-sa-brahma+lodge-113614771">with Alan Bickley of Raine and Horne Salisbury</a>.
A three-bedroom home in Tasmania, which is currently rented out for $330 a week, features a one-bedroom granny-flat on the property.
Located at 1 Parklands Parade Newnham, the granny-flat previously returned $130 a week.
The property is listed for $259,000, offering a potential rental yield of 9.24% if both properties were rented out.
Deb Billing of <a href="https://www.realestate.com.au/property-house-tas-newnham-114107307">Ray White Launceston</a> has the listing.
A four-bedroom property in Brookfield Queensland features a self-contained granny-flat with its own driveway entry.
The main property features a dressage arena, stables and water tanks and is listed for $1.1 million.
Listing agent <a href="https://www.realestate.com.au/property-house-qld-upper+brookfield-114369503">Emma-Kate Sanders</a> says the granny-flat could be rented out for $200 a week.
Sanders says Brookfield, located 25 minutes from the Brisbane CBD, has very few rental properties, therefore most properties include a granny-flat.
“They are rarely ever available, therefore generating extra income is great,” says Sanders.
In Western Australia, a two-bedroom home – listed for $290,000 - features a granny-flat at the rear of the 884-square-metre block.
Located at 112 Ulster Road Spencer Park, the two-bedroom granny-flat features its own kitchen, dining and lounge room.
Listing agent <a href="https://www.realestate.com.au/property-house-wa-spencer+park-114368675">Skye Stead of Albany Prestige Realty</a> says the flat received a rental appraisal of $250 a week, a 4.48% rental yield.
A two-bedroom home on Greatorex Road in Alice Springs features a self-contained granny-flat with its own access.
The property is listed for $645,000.
<a href="https://www.realestate.com.au/property-house-nt-alice+springs-113948011">Carolyn Lopes of LJ Hooker</a> says the granny-flat could draw in an extra income of $200 a week.
“It’s a great way to pay off a mortgage,” says Lopes.
A three-bedroom renovated home in Wanniassa ACT is on the market for $550,000 plus. 
The property features a renovated self contained granny-flat, which is currently returning $250 a week.
The front house could potentially be rented out for $420 a week, totally a potential rental yield of 6.33% for both properties, or 2.36% for the granny-flat alone.
The property is listed through <a href="https://www.realestate.com.au/property-house-act-wanniassa-113483399">Peter Campbell-Wood of Ray White Tuggeranong</a>.
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Eight granny-flat buying opportunities for property investors across Australia

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" />

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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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