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More than $17 million in apartments have sold off the plan in Consolidated Properties 160 Macquarie Tower in St Lucia – just two weeks after launch.
The development will feature 22 apartments across 11 levels, with only two apartments per floor.
Designed by ML Design, the tower is the first new high rise in the Macquarie Street precinct in some 20 years and is being marketed by Pace Projects.
Apartments were priced from $1.5 million, but the remaining 60% start from $1.8 million and range in size from 120 square metres to 460 square metres.
Four purchases have opted to buy two apartments to privately secure a whole floor.
Lachlan Grantley of Consolidated Properties says the success in sales is proof that confidence is coming back to the Brisbane market.
“160 Macquarie was really a tester for the market in a sense, because it has really been a good new years since we have seen a new product like this aimed at the high-end owner-occupier market rather than investors.
“It’s clear that confidence is coming back, this latest spate of sales at the $2.75 million to $4 million mark for riverfront apartments in Brisbane show that there is a market there for purchasers at this price point,” says Grantley.
Director of Pace Projects Bruce Goddard says it’s the right type of project being delivered to the market at the right time.
“The riverfront lifestyle still commands a premium in all areas of Brisbane – but our latest research shows that the south-west precinct – taking in St Lucia – is likely to become the next hotspot for apartment development.
“160 Macquarie hits the mark in terms of its pricing when taking into considering recent riverfront sales, and importantly, the apartments are being made available in two and three bedroom configurations,” says Goddard.
Residents will have access to a 12-metre pontoon, swimming pool, BBQ and entertaining areas.
The development has an expected completion date of 2014.
The original five-bedroom mediterrean-inspired home on the 1,242-square-metre lot was listed through Josephine Johnston-Rowell of Johnston Dixon for $6.95 million in 2009.
The median apartment price in <a target="_blank" href="/news">St Lucia</a> is $471,500, a 9.1% change in the past five years, according to RP Data.</body></html>

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Confidence returning to Brisbane market after $17 million snapped up in 160 Macquarie Tower 

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Italian fashion house Versace has signed a deal to build a luxury hotel at a casino-resort in Macau.
The five star palazzo Versace hotel will be part of the resort casino SJM Holdings Ltd is building in the former Portuguese colony.
Founded by billionaire Stanley Ho, the SJM resort casino will include 2,000 rooms and 700 gambling tables.
It will be the first resort on the Cotai strip for SJM – said to be the Las Vegas strip of Asia.
The Macau hotel will be the <a target="_blank" href="https://www.propertyobserver.com.au/leisure/as-palazzo-versace-sells-check-out-15-global-flashy-fashion-branded-hotels/2012121656738">third Versace</a> hotel globally, with one on <a target="_blank" href="https://www.propertyobserver.com.au/queensland/palazzo-versace-on-the-gold-coast-the-world-first-fashion-branded-hotel-sold/2012121458477">Gold Coast</a> and one still under construction in Dubai.
Macau is the only place in China where casinos are legal.
Commencement and completion dates are yet to be announced.
A <a target="_blank" href="https://www.propertyobserver.com.au/queensland/gold-leaf-ceiling-comes-with-palazzo-versace-gold-coast-condo-with-%2415-million-hopes/2013051461183">three-bedroom condominium</a> in the Palazzo Versace on the Gold Coast was up for grabs in May with a price guide above $1.5 million.
Palazzo Versace's architecture and interiors were designed to reflect the grandeur of the late Renaissance period with marble, granite and mosaics imported from Italy.
Dr Santo Versace, the president of the Versace Group and older brother of the late Gianni Versace, said they went ahead with the project because “when Europeans think of Australia, they only think about holidays. The feeling is that Australia is a country of sun, sea and beaches," he said.
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First the Gold Coast, soon Dubai, and next Macau for the Italian fashion house Versace resort

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The site of a former glass and aluminum fabrication factory in Brisbane’s West End is to become a five-storey apartment development known as The Glass Factory.
Located on Vulture Street, The Glass Factory is designed by Rothelowman White architects and draws on inspiration from West End’s traditional building styles.
Developed by Turrisi Properties, the design will feature profiled metal, cladding and perforated aluminum sliding screens.
“The glass factory captures the essence of West End,” says Turrisi Properties development manager Ben Jobber.
“Guided by the area's diverse past, located near the popular boundary street strip, the glass factory will create residences that feel right in the environment, both inside and out,” says Jobber.
The development will include 47 apartments ranging from one-, two- and three-bedroom.
One-bedroom apartments start from $370,000 and two bedrooms start from $550,000.
Two three-bedroom apartments are priced from $815,000.
Construction is due to commence in early 2014 and has an expected completion date of early 2015.
The official marketing campaign kicks off on September 7.
The median apartment price in <a href="/news">West End</a> is $505,000, a 78.4% change in the past five years, according to RP Data.
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Traditional building styles inspire West End's latest development, The Glass Factory

A four-bedroom home in Northwood with a two-storey boathouse is on the market with a $5 million plus price guide.

Located at 2 Kellys Esplanade, the three-level property features floor to ceiling windows, a swimming pool and landscaped gardens by Good Manors.

The two-storey boathouse features a slipway and a party room or artist studio above.

The property last traded in 2005 for $4.35 million.

Sandra Peach and Tavis Standen of <a href="https://www.raywhite.com/nsw/northwood/1011018/#.Ug26KeBAt6o" target="_blank">Ray White Lane Cove</a> have the listing.

The median house price in <a href="/news">Northwood</a> is $1.66 million, a 14.9% decline in the past five years, according to RP Data.

Northwood home with double-storey boathouse listed with $5 million plus hopes

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The $40 million Paddington Terraces development at Robina has completely sold out – two weeks after construction wrapped up. 
Developed by Robina Group, Paddington Terraces comprises of 82 two- and three-bedroom terraces on The Gardenway.
Paddington Terraces sales manager Azura Griffen says the sub-$500,000 pricing had given the project a broad appeal.
Two-bedroom terraces were priced from $445,000 and three-bedroom terraces started from $469,000.
Apartments feature a private landscaped entertaining area, accessed through glass stacking doors.
“The pleasing pace of sales at Paddington Terraces at Robina has demonstrated growing demand for terrace-style living in central Gold Coast City.
“Location has been a major factor in the project’s success and we found both walkability to Robina Town Centre’s shopping, dining and entertainment precinct and proximity to transport connections to be huge selling points,” says Griffen.
Griffen says the terraces appealed to a range of buyers including empty nesters, first home buyers, young professionals and investors.
The speedy sell out has prompted the developer to bring forward plans for its next residential development in Robina.
“It’s a very positive sign that we are producing the right product in the right location for our buyers and we are keen to build upon this terrific momentum,” says Robina Group director Tony Tippett.
“Our next project will be a modern, freehold terrace home development and has been designed to appeal to a diverse buyer demographic.
“It will take its styling queue from Paddington Terraces at Robina, which has been celebrated for its bold, modern designs, space-efficient layouts and contemporary finishes,” says Tippett.
The median house price in <a target="_blank" href="/news">Robina</a> is $499,500, 10% decline in the past five years, according to RP Data.</body></html>

Speedy sellout of Paddington Terraces at Robina prompts developer's next project

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Olivia Newton-John’s Jupiter Island home is reportedly under contract with comedian Rosie O’Donnell for US$5.6 million.
O’Donnell recently sold her Miami mansion for US$16.5 million.
<a target="_blank" href="https://www.propertyobserver.com.au/news/aussies-keeping-us-realtors-busy-olivia-newton-john-portia-de-rossi-and-frank-lowy/2013062661728">Aussies Abroad reported on the listing in June this year</a>, when the Florida beachfront mansion was listed with a US$6.2 million price tag. 
The Aussie star bought the four-bedroom Jupiter Island home with her hubby and founder of herb company Trivita, John Easterling, in 2009 for US$4.1 million. 
The couple spent approximately US$2 million renovating the property in 2010, which now features hurricane impact-rated glass windows and doors – a necessity for tropical storm laden Florida.
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Olivia Newton-John's Florida mansion under contract to Rosie O'Donnell

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Former West Coast Eagles coach Ken Judge and his wife Annette have splashed out $2 million for a two-bedroom apartment in the North Fremantle Rivershores complex.
Situated on Doepel Street, the $110 million resort-style apartment complex features 58 apartments across two five-storey buildings.
Apartments come with a wine fridge and coffee machine, and residents have access to a gym and swimming pool.
<a target="_blank" href="https://www.acton.com.au/fremantle/index.cfm?pagecall=property&amp;propertyID=2034161" style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;">Bradley Raynor of Acton Fremantle</a> secured the sale.
Developed by Watersun Property, Rivershores features designs by Hassell Architects.
Two- and three-bedroom apartments range in price from $980,000 to $2.03 million.
Rivershores won the best apartment development award in 2012 by HIA and the project of the year award.
Construction of the development was completed in November 2011.
The median apartment price in <a target="_blank" href="/news">North Fremantle</a> is $780,000, a 56.5% decline in the past five years, according to RP Data.
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Former West Coast Eagle's coach Ken Judge splashes $2 million in Rivershores

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The Sunshine Coast’s Minyama has recorded the strongest median house price growth in the region for the past quarter, with a 22% change, according to REIQ.
Minyama’s median value is $864,866, the second highest value in the region, slotting in behind Wootha at $882,534.
Wootha experienced a 6% growth over the quarter.
A <a href="https://www.century21.com.au/property/179763/" target="_blank">three-bedroom home</a> in Minyama sold under the hammer in June for $790,000.
The mortgagee sale offered the potential to be renovated or rebuilt.
Situated on 740 square metres, the property last traded in 2006 for $895,000
Noosaville is the second best performing suburb on the Sunshine Coast, experiencing a 13% growth over the quarter to a median value of $692,395.
Noosaville was also the busiest suburb, with a total of 171 properties sold over the quarter.
The Sunshine Coast’s best performers:
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Median Value
</td>
<td valign="top" width="106">
Qtrly change
</td>
<td valign="top" width="106">
No Sold
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Minyama</a>
</td>
<td valign="top" width="106">
$864,866
</td>
<td valign="top" width="106">
22%
</td>
<td valign="top" width="106">
51
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Noosaville</a>
</td>
<td valign="top" width="106">
$692,395
</td>
<td valign="top" width="106">
13%
</td>
<td valign="top" width="106">
171
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Bokarina</a>
</td>
<td valign="top" width="106">
$542,959
</td>
<td valign="top" width="106">
10%
</td>
<td valign="top" width="106">
19
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Reesville</a>
</td>
<td valign="top" width="106">
$588,850
</td>
<td valign="top" width="106">
9%
</td>
<td valign="top" width="106">
8
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Hunchy</a>
</td>
<td valign="top" width="106">
$558,549
</td>
<td valign="top" width="106">
9%
</td>
<td valign="top" width="106">
7
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Mooloolaba</a>
</td>
<td valign="top" width="106">
$566,136
</td>
<td valign="top" width="106">
8%
</td>
<td valign="top" width="106">
81
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Warana</a>
</td>
<td valign="top" width="106">
$476,531
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
56
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Boreen Point</a>
</td>
<td valign="top" width="106">
$397,490
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
6
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Twin Waters</a>
</td>
<td valign="top" width="106">
$597,025
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
73
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Cambroon</a>
</td>
<td valign="top" width="106">
$408,399
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
1
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Cootharaba</a>
</td>
<td valign="top" width="106">
$516,291
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
9
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Ilkley</a>
</td>
<td valign="top" width="106">
$540,605
</td>
<td valign="top" width="106">
7%
</td>
<td valign="top" width="106">
9
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Shelly Beach</a>
</td>
<td valign="top" width="106">
$768,458
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
13
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Image Flat</a>
</td>
<td valign="top" width="106">
$534,999
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
3
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Balmoral Ridge</a>
</td>
<td valign="top" width="106">
$588,375
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
2
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Eerwah Vale</a>
</td>
<td valign="top" width="106">
$494,814
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
13
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Parrearra</a>
</td>
<td valign="top" width="106">
$533,399
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
84
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Point Arkwright</a>
</td>
<td valign="top" width="106">
$543,227
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
3
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Wootha</a>
</td>
<td valign="top" width="106">
$882,534
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
2
</td>
</tr>
<tr>
<td valign="top" width="106">
<a target="_blank" href="/news">Noosa Heads</a>
</td>
<td valign="top" width="106">
$657,336
</td>
<td valign="top" width="106">
6%
</td>
<td valign="top" width="106">
61
</td>
</tr>
</tbody></table>
The new RP Data information is based a slightly tweaked algorithm using Automated Valuation Models which may slightly differ from numbers in Property Observer's system. 
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Minyama tops Sunshine Coast's best performers list

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Auction volumes are yet to pick up as we edge closer to the spring selling season, with 1,391 auctions across the capital cities scheduled for the coming week, according to RP Data.
Auction volumes slightly increased last week to 1,454, up from 1,441 auctions the previous week.
The clearance rate remains strong at 72.7% last week, up from 70.1% the previous week.
At the same time last year, both the auction volume and clearance rate were substantially lower at 1,116 auctions and a 50.8% clearance rate.
Melbourne auctions are continuing to edge slightly lower for the second week, down from 677 the previous week to 663 last week.
Melbourne is expected to hold 649 auctions this week.
However, Melbourne’s preliminary clearance rate slightly increased from 71% the previous week to 71.6% last week.
At the same time last year, Melbourne’s clearance rate was 53.7% and 522 auctions were held.
Sydney has also dropped slightly in auction listings, with 475 auctions scheduled this week, down from 561 last week.
Sydney held 521 auctions the previous week.
Sydney’s clearance rate also remains strong at 79.7% last week, up from 76.3% the previous week.
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National auction listings linger as spring rush looms

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A five-bedroom Federation-inspired home in Rose Bay is this week’s most expensive sale, selling for $3.8 million under the hammer on August 13, according to RP Data.
Located at 7 Dudley Road, the 697-square-metre residence was listed with $3.5 million plus hopes.
It last traded in 2010 for $4.25 million.
Spread over three levels, the property (pictured below) was built in 1992 and features a wraparound verandah, swimming pool and an indoor Jacuzzi.
{yoogallery src=[images/stories/2013/08/aug20rose]}
The property was sold through Lorraine Crawford of <a target="_blank" href="https://m.dijones.com.au/78727/">Di Jones Real Estate Woollahra</a>.
The median house price in <a target="_blank" href="/news">Rose Bay</a> is $1,825,000, a 9.7% decline in the past five years, according to RP Data.
Rose Bay witnessed a reputed $30 million sale earlier this year, when veteran technology investor <a target="_blank" href="https://www.propertyobserver.com.au/trophy-homes/rose-bay-secures-third-sydney-harbour-sale-at-%2430-million-or-higher-this-year/2013050661063">Neill Miller sold his Rose Bay mansion</a>.
Most expensive sales:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/7_dudley_road_rose_bay_nsw_2029/5916696">7 Dudley Road, Rose Bay, NSW, 2029,</a> five-bedroom house, sold on August 13 by Di Jones Real Estate Woollahra for $3.8 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/97_newton_road_strathfield_nsw_2135/6491290">97 Newton Road, Strathfield, NSW, 2135,</a> six-bedroom house, sold at auction on August 17 by Devine Real Estate for $3.22 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1_belmore_place_paddington_nsw_2021/5261698">1 Belmore Place, Paddington, NSW, 2021,</a> three-bedroom house, sold prior to auction on August 14 by Di Jones Real Estate Woollahra for $3 million 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/55_tivoli_road_south_yarra_vic_3141/13148732">55 Tivoli Road, South Yarra, VIC, 3141,</a> three-bedroom house, sold at auction on August 17 by Kay &amp; Burton Real Estate South Yarra for $2.9 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/17_moorhouse_street_armadale_vic_3143/9319139">17 Moorhouse Street, Armadale, VIC, 3143,</a> three-bedroom house, sold at auction on August 17 by Kay &amp; Burton Real Estate South Yarra for $2.53 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/25_clifton_street_richmond_vic_3121/12731484">25 Clifton Street, Richmond, VIC, 3121,</a> three-bedroom house, sold at auction on August 17 by Jellis Craig Bennison Mackinnon Richmond for $2.49 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/68_bryson_street_canterbury_vic_3126/10253740">68 Bryson Street, Canterbury, VIC, 3126,</a> four-bedroom house, sold at auction on August 17 by Jellis Craig Real Estate Hawthorn for $2.25 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/19_scales_parade_balgowlah_heights_nsw_2093/1231366">19 Scales Parade, Balgowlah Heights, NSW, 2093,</a> five-bedroom house, sold at auction on August 17 by Cunninghams Property Balgowlah for $2.228 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_loller_street_brighton_vic_3186/10014535">9 Loller Street, Brighton, VIC, 3186,</a> three-bedroom house, sold at auction on August 17 by Marshall White Real Estate Brighton for $2.03 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_alpha_road_willoughby_nsw_2068/16256781">47 Alpha Road, Willoughby, NSW, 2068,</a> four-bedroom house, sold on August 15 by Savills Sydney for $2 million
 
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Rose Bay residence this week's most expensive sale: RP Data

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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