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Clara Q, which is now Kew Junction’s tallest building, has sold all of its apartments 0ff-the-plan ahead of next month's completion.
The 12-storey development on High Street includes 46 apartments of one- and two-bedroom, as well as a penthouse apartment.
Designed by architects Rothelowman, the simple design of the façade features layered curves, scalloped windows and horizontal balconies.
“Clara Q offered an affordable entry point into the prestigious Kew housing market and lifestyle, with one-bedroom apartments starting at $379,000 compared with the median unit price in Kew of $582,500,” says Peter Hua, director of developer AlphaMAC Property Group.
<img alt="2" height="523" width="470" src="/images/stories/2013/08/2.jpg">
One-bedroom and two-bedroom apartments range in size from 51 square metres to 94 square metres with one penthouse totaling 291 square metres.
The three-bedroom penthouse was listed for $2.48 million, approximately $8,500 a square metre.
The ground floor of the complex, which is due for completion next month, also includes shop fronts and a restaurant.
<img alt="4" height="289" width="470" src="/images/stories/2013/08/4.jpg">
Kim Lowman, principal of Rothewlowman, says they are pleased with how the development has been received.
“The central location and high quality finishes throughout the apartments appealed to a mix of owner-occupiers and investors,” says Lowman.
Apartments feature European Mile appliances, stone benchtops, mirror kitchen splashbacks and timber flooring.
Located at 118-120 High Street, the site was formely owned by Q-Cars, who sold to developers in 2009.
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ntrotman-Et3xWpamVh

Kew Junction's Clara Q development a sellout

A classic federation home in Willoughby is due to go under the hammer with a $2.2 million plus price guide.

&nbsp;Located at 59 Sydney Street, the 1910 home has been renovated and extended but still retains original features including a wrap-around verandah, high ornate ceilings and rich timber floors.

The 834-square-metre property also includes four bedrooms, three bathrooms and a north facing entertaining patio.

It last sold in July 2002 for $1.28 million.

The median house price in <a href="/news">Willoughby</a> is $1,250,000, a 19.5% change in the past five years, according to RP Data.

Classic federation Willoughby trophy home listing

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Melbourne based Evolve Development today celebrated their 10th anniversary by officially opening their latest development The Guilfoyle on Coventry Street, Southbank.
Planning minister Matthew Guy officially launched the $190 million development, which is completely sold out.
Located at 39 Coventry Street, The Guilfoyle was built on the former site of Channel 7 and features 355 apartments over 20 levels.
One-bedroom apartments were priced from $327,000 and two-bedroom apartments were priced from $560,000.
It was named after William Guilfoyle, the botanist and landscape gardener behind the Royal Botanic Gardens.
Designed by SJB Architects, the building features sculptured interlocking forms and textured lattice along the western façade to capture sunlight and create changing colours and patterns.
<img src="/images/stories/2013/08/southbank-aug-14-one.jpg" width="470" height="495" alt="southbank-aug-14-one">
Residents will have access to a residents lounge with a kitchen and big screen, as well as a 20-metre indoor pool, gymnasium and a landscaped indoor/outdoor area.
“Evolve has a deep commitment to high quality developments such as The Guilfoyle that creates architecturally significant and enjoyable living spaces,” says Evolve Development managing director Ashley Williams.
“The Evolve team has a deep passion for creating unique developments in Melbourne, and for The Guilfoyle we focused our skill and insights, with our development partner ISPT Super Property, to provide high quality inner city living to enrich the Melbourne experience, benefit our residents and support investors,” says Williams.
This year marks 10 years since Ashley Williams approached chairman Ronald Walker to start Evolve.
Their first development was Mulgrave Business Park.
“We began with a rundown business park and transformed it into a modern office and warehouse complex, moving into boutique residential apartments and estates in key growth corridors,” says Williams.
The event was also attended by Jim Guilfoyle, the great-great-great grandson of William Guilfoyle.
The median apartment price in <a href="/news">Southbank</a> is $535,000, an 11.9% change in the past five years, according to RP Data.
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The sold out Guilfoyle tower in Southbank blooms at launch 

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Leading Sydney auctioneers Cooley Auctioneers has experienced its highest full month clearance rate in almost four years at 75%, according to Cooley Auctions.
The Cooley Index reveals Sydney’s metropolitan auction volume for July was 218.
Damien Cooley says 78% of the city and eastern suburbs listing auction  by Cooley Auctions found buyers in July.
The highest auction price for Cooley Auctions was for an eight-bedroom home at <a target="_blank" href="https://strathfieldpartners.com/selling/NSW/Inner-West/Strathfield/House/1P3762">14 Firth Avenue Strathfield</a>.
Situated on 1,220 square metres, the property sold under the hammer for $2.8 million.
The lowest auction price in July for Cooley Auctions was for a <a target="_blank" href="https://www.enr.com.au/search/display.aspx?ln=1744752">studio apartment</a> on Bayswater Road Rushcutters Bay, which sold for $341,000.
The average price at Cooley auctions was $956,360, with the number of properties selling under the hammer in July totaling $85,305,201.
Some 66% of properties sold over their reserve price and 34% of properties sold prior to auction. 
The key sale of the index was 14 Inglethorpe Avenue in Kensington, which sold for $1.856 million - $406,000 above its reserve.
It was the first time the three-bedroom home was offered in 26 years and has the option to be restored or renovated.
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Sydney experiences four year high clearance rate: Cooley Auctions

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Darwin house prices have risen to a record high of $612,000, according to the Real Estate Institute of Northern Territory.
The real estate local market report reveals Greater Darwin houses rose 3.4% in the June quarter and have increased 7.4% when compared to the same time last year.
REINT chief executive Quentin Killian says it’s a new record for Greater Darwin.
“It’s the highest it’s ever been,” says Killian.
The median unit price in Greater Darwin rose in the June quarter to $464,000, a 9.2% increase.
The median unit price has jumped 6.7% when compared to the same time last year, to $454,000.
Median weekly rents in Greater Darwin have also increased when compared to last year.
The median weekly rent for a three-bedroom home jumped 17.1% annually to $656. 
The median weekly rent for a two-bedroom unit has increased 18.6% annually to $485, but yields fell from 5.8% to 5.4% due to rising prices.
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Greater Darwin house prices hit a record high

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A Stephen Kidd-designed Noosa Heads property, known as The River House, has sold for $4.68 million to Killara buyers.
Located on Witta Circle, the four-bedroom home was listed most recently with $4.95 million hopes.
The 616-square-metre property at 41 Witta Circle was initially listed in 2009 with $7.3 million hopes.
The downstairs living area opens onto a large deck, only metres from the water and the upstairs floor features three bathrooms and the four bedrooms.
The property last sold in December 2000 for $2.5 million.
Julia Bengtsson and Marcus Bengtsson of <a href="https://www.offermann.com.au/buying/41_witta_circle_noosa_heads/" target="_blank">Tom Offermann real estate</a> held the listing.
The median house price in <a href="/news">Noosa Heads</a> is $657,500, a 14.6% decline in the past five years, according to RP Data.
<a href="https://www.kiddco.com.au/home" target="_blank">Stephen Kidd </a>has been designing houses in Noosa for the past 30 years and has received over 90 national, state and regional awards.
Kidd's properties have been featured on the front covers of Vogue Living and Australia House and Garden magazines.
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Stephen Kidd-designed River House Noosa sells for $4.68 million

A 7-bedroom Victorian villa on Wynnstay Road in Prahran is on the market with $3.5 million hopes.

Situated on a 1,100-square-metre block, the property boasts original features including hand painted stained glass windows, stately ceilings and a Corinthian-columned arched hallway.

The 11-room interior includes three baths and the property needs to be renovated.

In 2009 the property was transferred from MHAV Hostels &ndash; formerly Mental Hospitals&rsquo; Auxiliaries of Victoria &ndash; to Mind Australia.

Mind Australia is a provider of community mental health services.

The property will go under the hammer on August 17 through Gowan Stubbings and Michael Armstrong of Kay &amp; Burton.

Prahran Victorian trophy villa under the hammer

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Amcrest’s boutique development Iluka in Bondi Beach is almost 50% sold since launching over the weekend.
Located on Curlewis Street and only 300 metres to Bondi beachfront, Iluka features 29 apartments ranging from one-, two- and three-bedroom.
Caroline Fagerlund of CBRE Residential says 13 apartments were sold over the weekend to a mix of investors and owner-occupiers.
Designed by MHNDU architects, prices start at $700,000 for a 33-square-metre studio apartment.
One-bedroom apartments are priced from $890,000 and range in size from 55 square metres to 63 square metres.
One-bedroom plus study are 69 square metres internally and range in price from $945,000 to $1.12 million.
Two-bedroom apartments start from $1.25 million and are 85 square metres internally.
A three-bedroom apartment is available for $2,495,000 and is 185 square metres in total.
Apartments include a courtyard or garden, CaesarStone Miele kitchens, hardwood floors and secure parking.
Amcrest bought the site in 2007 for $8.7 million.
Iluka is marketed through Ben Stewart and Caroline Fagerlund of <a href="https://www.cbreresidentialprojects.com.au/NewProjects/Iluka-Bondi-Beach/560.aspx" target="_blank">CBRE</a>.
The median apartment price in <a href="/news">Bondi Beach</a> is $650,250, an 18.4% change in five years, according to RP Data.
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Iluka Bondi Beach sells almost 50% of apartments at launch through CRBE

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Another Burwood guest house has been sold under the hammer - though at a substantially lower yield.
Located at 6 Rowley Street in Sydney's inner west, the guest house with 13 rooms and 11 bathrooms fetched $3.01 million.
It is currently returning $128,000 per annum, reflecting a rental yield of 4.25%. 
The 1,730 square metre property offers the possibility to extend and add more rooms or offers the potential for medium density redevelopment, subject to council approval.
Listing agent <a target="_blank" href="https://www.eldersinnerwest.com.au/961608/">Sebastian Bonaccorso of Elders Inner West Enfield</a> says there were eight registered bidders on the day and the buyer intends to keep operating the property as a guest house.
It’s the first time the guesthouse has switched hands in over 40 years.
Property Observer reported last month on a <a target="_blank" href="https://www.propertyobserver.com.au/news/a-burwood-guest-house-sells-with-a-high-rental-yield-of-139/2013071860016">45-room guesthouse in Burwood</a>, which sold for $3.74 million, reflecting a rental yield of 13.9%.
“There’s a shortage of rental properties and a lot of people looking for budget accommodation,” says Joe Vigorito of Raine and Horne Burwood.
The median house price in <a target="_blank" href="/news">Burwood</a> is $1.19 million, a 48.8% change in five years, according to RP Data.
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Burwood guest house sells under the hammer for $3.01 million

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A Luigi Rosselli-designed waterfront home in Cottage Point - and former home of INXS band member Andrew Farriss – is on the market for.
Located on Cowan Drive on 1,486 square metres, the six-bedroom home was designed and built in 1991 for multi-instrumentalist <a href="https://inxs.com/the-band/band-members/andrew-farriss/" target="_blank">Andrew Farriss </a>and his then wife, Shelley.
The project drew inspiration from ship architecture and the home is designed around a central two-storey drum.
The property also includes a restored 1910 stone guest cottage on the waters edge with a private deck, slipway, boatshed and pontoon access.
Coined “the INXS house” by <a href="https://luigirosselli.com/news/" target="_blank">Luigi Rosselli</a>, the Farriss’ sold the property in 1996 for $1,715,000.
The current vendors, the Ell family then purchased it in 1999 for $2.3 million.
It has been scheduled for auction in 2010 with a $6.45 million plus price guide in what was an unsuccessful attempt to set a new record for the exclusive Cottage Point area.
The most expensive sale in the area was recorded in 2008 at $6.45 million.
By coincidence, Shelley Farriss has put her <a href="https://www.regencyrealestate.com.au/buying/NSW/Northern-Beaches/Bayview/House/1P0087" target="_blank">Bayview home</a> on the market for around $13 million.
Situated on 3,065 square metres, the five-bedroom home includes a wet bar, French doors, music room and a library.
<a href="https://www.propertyobserver.com.au/data-map?utm_source=Property+Observer+List&amp;utm_campaign=bed190e75c-June_17_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-bed190e75c-" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/yieldsbanner.jpg" alt="yieldsbanner" width="470" height="127"></a>
The property also boasts a 24-metre frontage, an infinity pool and a rooftop entertaining area.
Shelley bought the property in 1999 for $4,375,000.
The Cottage Point property is listed through <a href="https://monavale.ljhooker.com.au/10QRF6K" target="_blank">Lachlan Elder of LJ Hooker Mona Vale.</a>
<a href="https://www.propertyobserver.com.au/residential/trophy-homes/" target="_self"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone" width="470" height="57"></a>
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"The INXS house" Cottage Point trophy home listing

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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

Nicola Trotman

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