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A Nicholas Wright-designed home in Wolseley Grove Brighton is to go under the hammer with $2.7 million plus hopes.
Situated on 1,016 square metres, the newly built three-storey home features organic natural materials, including basket weave travertine and a travertine feature wall.
The home also boasts suspended Italian lighting, floor to ceiling glass and travertine tiling.
The property includes four bedrooms, five bathrooms, a gymnasium and a cedar-lined sauna.
The outside alfresco area boasts an in-ground pool, mediterranean garden and sculptural grey ironbark columns from the Princess Pier in Port Melbourne.
A development permit was issued in August 2011 for two units with a build value of approximately $1.8 million.
The property is to go under the hammer on August 24 through Justin Follett and David Curtis of <a target="_blank" href="https://www.kayburton.com.au/property/11-wolseley-grove-brighton">Kay and Burton.</a>
The median house price in <a target="_blank" href="/news">Brighton</a> is $1,675,000, a 1.5% decline in the past five years, according to RP Data.
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Nicholas Wright-designed Brighton trophy home listed

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Property Observer has looked at Your Investment Property magazine's top 50 best long-term performers as of July 2011 and identified the top performing suburbs along with the poorest performing suburbs two years on. 
New South Wales Marulan tops the list with the highest median house price growth over two years from $187,500 to $310,000 – a $122,500 price growth.
Not all Marulan vendors achieved the boost. A <a target="_blank" href="https://www.highlandsproperty.com.au/894121/">three-bedroom home on Loseby Avenue</a> in Marulan sold last month for $325,000, had been purchased in 2009 for $275,000.
Situated on 877 square metres, the home was built in 2003 and includes two bathrooms, two living areas and an outdoor entertaining area.
 
<table width="431" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="66" valign="top">
State
</td>
<td width="82" valign="top">
Suburb
</td>
<td width="69" valign="top">
Type
</td>
<td width="75" valign="top">
Median Price
July 2011
</td>
<td width="75" valign="top">
Median Price August 2013
</td>
<td width="64" valign="top">
Two Year Growth
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Djugun
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$665,000
</td>
<td width="75" valign="top">
$690,000
</td>
<td width="64" valign="top">
+$25,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Tapping
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$489,000
</td>
<td width="75" valign="top">
$507,000
</td>
<td width="64" valign="top">
+$18,000
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Aberglasslyn
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$395,000
</td>
<td width="75" valign="top">
$424,950
</td>
<td width="64" valign="top">
+$29,950
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Aveley
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$495,000
</td>
<td width="75" valign="top">
$491,500
</td>
<td width="64" valign="top">
-$3,500
</td>
</tr>
<tr>
<td width="66" valign="top">
QLD
</td>
<td width="82" valign="top">
Paradise Point
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$502,500
</td>
<td width="75" valign="top">
$560,000
</td>
<td width="64" valign="top">
+$57,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Piara Waters
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$522,500
</td>
<td width="75" valign="top">
$526,000
</td>
<td width="64" valign="top">
+$3,500
</td>
</tr>
<tr>
<td width="66" valign="top">
QLD
</td>
<td width="82" valign="top">
Boyne Island
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$417,500
</td>
<td width="75" valign="top">
$402,500
</td>
<td width="64" valign="top">
-$15,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Southern River
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$537,500
</td>
<td width="75" valign="top">
$570,000
</td>
<td width="64" valign="top">
+$32,500
</td>
</tr>
<tr>
<td width="66" valign="top">
QLD
</td>
<td width="82" valign="top">
Heathwood
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$545,500
</td>
<td width="75" valign="top">
$546,000
</td>
<td width="64" valign="top">
+$500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Bertram
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$380,000
</td>
<td width="75" valign="top">
$387,750
</td>
<td width="64" valign="top">
+$7,750
</td>
</tr>
<tr>
<td width="66" valign="top">
NT
</td>
<td width="82" valign="top">
Gunn
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$535,000
</td>
<td width="75" valign="top">
$535,000
</td>
<td width="64" valign="top">
$0
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Cameron Park
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$452,000
</td>
<td width="75" valign="top">
$475.000
</td>
<td width="64" valign="top">
+$23,000
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Fletcher
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$456,000
</td>
<td width="75" valign="top">
$485,000
</td>
<td width="64" valign="top">
+$29,000
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Ellalong
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$240,000
</td>
<td width="75" valign="top">
$305,000
</td>
<td width="64" valign="top">
+$65,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Ashy
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$426,500
</td>
<td width="75" valign="top">
$482,500
</td>
<td width="64" valign="top">
+$56,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Hammond Park
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$449,000
</td>
<td width="75" valign="top">
$530,000
</td>
<td width="64" valign="top">
+$81,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Darch
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$572,500
</td>
<td width="75" valign="top">
$580,000
</td>
<td width="64" valign="top">
+$7,500
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
East Bowral
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$524,000
</td>
<td width="75" valign="top">
$462,500
</td>
<td width="64" valign="top">
-$61,500
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Bangalow
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$625,000
</td>
<td width="75" valign="top">
$510,050
</td>
<td width="64" valign="top">
-$114,950
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Wattle Grove
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$497,500
</td>
<td width="75" valign="top">
$535,000
</td>
<td width="64" valign="top">
+$37,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Sinagra
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$440,000
</td>
<td width="75" valign="top">
$475,000
</td>
<td width="64" valign="top">
+$35,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Aubin Grove
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$497,000
</td>
<td width="75" valign="top">
$536,000
</td>
<td width="64" valign="top">
+$39,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Wellard
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$407,500
</td>
<td width="75" valign="top">
$430,000
</td>
<td width="64" valign="top">
+$22.500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Butler
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$410,000
</td>
<td width="75" valign="top">
$420,000
</td>
<td width="64" valign="top">
+$10,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Beeliar
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$465,000
</td>
<td width="75" valign="top">
$491,250
</td>
<td width="64" valign="top">
+26,250
</td>
</tr>
<tr>
<td width="66" valign="top">
NT
</td>
<td width="82" valign="top">
Girraween
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$576,250
</td>
<td width="75" valign="top">
$520,000
</td>
<td width="64" valign="top">
-$56,250
</td>
</tr>
<tr>
<td width="66" valign="top">
NT
</td>
<td width="82" valign="top">
Bakewell
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$470,000
</td>
<td width="75" valign="top">
$510,000
</td>
<td width="64" valign="top">
+$40,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Dalyellup
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$389,000
</td>
<td width="75" valign="top">
$381,250
</td>
<td width="64" valign="top">
-$7,750
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Glenroy
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$285,500
</td>
<td width="75" valign="top">
$288,250
</td>
<td width="64" valign="top">
+$2,750
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Yalyalup
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$432,500
</td>
<td width="75" valign="top">
$475,000
</td>
<td width="64" valign="top">
+$42,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Vasse
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$450,000
</td>
<td width="75" valign="top">
$387,500
</td>
<td width="64" valign="top">
-$62,500
</td>
</tr>
<tr>
<td width="66" valign="top">
QLD
</td>
<td width="82" valign="top">
Capella
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$297,500
</td>
<td width="75" valign="top">
$375,000
</td>
<td width="64" valign="top">
+$77,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Boyanup
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$359,000
</td>
<td width="75" valign="top">
$409,000
</td>
<td width="64" valign="top">
+$50,000
</td>
</tr>
<tr>
<td width="66" valign="top">
QLD
</td>
<td width="82" valign="top">
Eagleby
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$315,000
</td>
<td width="75" valign="top">
$298,500
</td>
<td width="64" valign="top">
-$16,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Harrisdale
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$535,000
</td>
<td width="75" valign="top">
$541,250
</td>
<td width="64" valign="top">
+6,250
</td>
</tr>
<tr>
<td width="66" valign="top">
SA
</td>
<td width="82" valign="top">
Port Augusta
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$155,000
</td>
<td width="75" valign="top">
$130,000
</td>
<td width="64" valign="top">
-$25,000
</td>
</tr>
<tr>
<td width="66" valign="top">
SA
</td>
<td width="82" valign="top">
Ferryden Park
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$377,000
</td>
<td width="75" valign="top">
$397,000
</td>
<td width="64" valign="top">
+$20,000
</td>
</tr>
<tr>
<td width="66" valign="top">
NSW
</td>
<td width="82" valign="top">
Marulan
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$187,500
</td>
<td width="75" valign="top">
$310,000
</td>
<td width="64" valign="top">
+122,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Baldivis
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$439,000
</td>
<td width="75" valign="top">
$435,000
</td>
<td width="64" valign="top">
-$4,000
</td>
</tr>
<tr>
<td width="66" valign="top">
SA
</td>
<td width="82" valign="top">
Cowell
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$279,000
</td>
<td width="75" valign="top">
$237,500
</td>
<td width="64" valign="top">
-41,500
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Caversham
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$415,000
</td>
<td width="75" valign="top">
$430,000
</td>
<td width="64" valign="top">
+$15,000
</td>
</tr>
<tr>
<td width="66" valign="top">
VIC
</td>
<td width="82" valign="top">
Mortlake
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$150,000
</td>
<td width="75" valign="top">
$152,000
</td>
<td width="64" valign="top">
+$2,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Burswood
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$808,000
</td>
<td width="75" valign="top">
$702,500
</td>
<td width="64" valign="top">
-$105,500
</td>
</tr>
<tr>
<td width="66" valign="top">
SA
</td>
<td width="82" valign="top">
Woodville
</td>
<td width="69" valign="top">
Unit
</td>
<td width="75" valign="top">
$336,250
</td>
<td width="75" valign="top">
$248,500
</td>
<td width="64" valign="top">
-$87,750
</td>
</tr>
<tr>
<td width="66" valign="top">
NT
</td>
<td width="82" valign="top">
Rosebery
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$560,000
</td>
<td width="75" valign="top">
$600,000
</td>
<td width="64" valign="top">
+$40,000
</td>
</tr>
<tr>
<td width="66" valign="top">
WA
</td>
<td width="82" valign="top">
Success
</td>
<td width="69" valign="top">
House
</td>
<td width="75" valign="top">
$500,000
</td>
<td width="75" valign="top">
$509,000
</td>
<td width="64" valign="top">
+$9,000
</td>
</tr>
</tbody></table>
Hammond Park in Western Australia is the second best performer, with a median house price growth of $81,000 in two years.
As of July 2011, Hammond Park’s median house price was $449,000 and is now $530,000.
A three-bedroom home at <a target="_blank" href="https://www.realestate.com.au/property-house-wa-hammond+park-411029579">8 Goulburn Approach</a> in Hammond Park sold last month for $447,000, having been purchased in 2006 for $300,000.
Queensland’s Capella is the third best former, with a median house price growth of $77,500.
As of July 2011, Capella’s median house price was $297,500 and is now $375,000.
A four-bedroom home at <a target="_blank" href="https://www.realestate.com.au/property-house-qld-capella-110567985">5 Eddy Drive</a> in Capella sold in December for $530,000, having been purchased in 2010 for $450,000, an $80,000 increase.
New South Wales’ Bangalow is the worst performer of the 50, with a $114,950 decline in the median house price.
As of July 2011, the median house price in Bangalow was $625,000 and has since dropped in two years to $510,050.
A three-bedroom home at <a target="_blank" href="https://www.eldersrealestate.com.au/office/bangalow/residential/buy/property-house-nsw-bangalow-539185">21 Ivory Curl Place</a> in Bangalow sold for $510,000 in May this year, but was inititally listed for $525,000.
The property last sold in 2012 for $522,500, a $12,500 loss.
Western Australia’s Burswood is the second poorest performer, dropping $105,500 in its median unit price in two years.
As of July 2011, Burswood’s median unit price was $808,000 and has dropped in two years to a median unit price of $702,500.
A two-bedroom apartment at <a target="_blank" href="https://www.realestate.com.au/property-apartment-wa-burswood-113906115">96 Bow River Crescent</a> sold last month for $915,000, having been purchased in 2012 for $1 million - a $85,000 lost.
South Australia’s Woodville is the third poorest performer, dropping $87,750 in its median unit price in two years.
As of July 2011, the median unit price in Woodville was $336,250, and has since dropped to $248,500.
A three-bedroom unit at <a target="_blank" href="https://woodvillesa.ljhooker.com.au/ENNFEC">1/731 Port Road Woodville</a> sold in June for $372,000, after spending 251 days on the market with an advertised price guide of $395,000 to $410,000.
Prior to that, it sold in 2011 for $375,000.
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Magazine top 50 suburbs two years on show moderate gains, and a few misses

<html><body>
The redevelopment of the former Yorkshire Brewery in Collingwood has been given the green light to commence construction after months of amending the proposed plans.
Located on Robert Street, the 4,500-square-metre historic site will be redeveloped into three residential towers featuring 350 apartments.
The towers range in height from 17 storeys, 14 storeys and 10 storeys.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-one.jpg" width="470" height="675" alt="collingwood-aug-7-one">
The $200 million project by SMA Projects will include $6.7 million of heritage works and restoration on the historic brew tower, cellar building, silos and stables.
Development manager of SMA Projects Robert Murphy says the southern end of Collingwood has long been forgotten about.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-two.jpg" width="470" height="624" alt="collingwood-aug-7-two">
“We see this as a strategic redevelopment site, with clear community benefits in the restoration of these heritage buildings and activation of a long derelict site,” says Murphy.
Studio apartments are 43 square metres and one-bedroom apartments range in size from 48 square metres to 65 square metres.
Two-bedroom apartments range in size from 64 square metres to 99 squares metre and three-bedroom apartments are 110 square metres.
A preliminary assessment expects one-bedroom apartments to be priced from $395,000 and two bedrooms from $480,000.
The development will also include 18 two-storey townhouses at ground level ranging in size from 87 square metres to 109 square metres.
Two separate one-bedroom residences will act as a hotel for visiting guests, with a nominal fee to cover housekeeping and maintenance.
Residents will be able to book short term stays in the serviced apartments to accommodate visiting friends and family when needed.
<img src="/images/stories/2013/08/collingwood-aug-7-five.jpg" width="470" height="313" alt="collingwood-aug-7-five">
Designed by Hayball Architects, the development will feature timber, exposed brick and concrete materials as a reference to the sites industrial heritage.
“It was our intent to deliver buildings that harnessed and respected the genius loci and history of the site,” says Tom Jordan, managing director of Hayball.
“There are heritage buildings of state significance to work with, so we set out to both reference and compliment these,” says Jordan.
The historic brew tower will be at the center of the project, as well as a 480-square-metre piazza with a wine bar, convenience store and deli.
Residents will also have access to a rooftop terrace, gym and formal dining room.
<img alt="collingwood-aug-7-six" height="332" width="470" src="/images/stories/2013/08/collingwood-aug-7-six.jpg">
The development is yet to be released but SMA Projects told Property Observer it has received an overwhelming response from the local area with people already registering their interest. 
The Yorkshire Brewery was designed by architect James Wood in 1880 and was the tallest building in Australia for 10 years.
It was purchased in 1909 by Carlton and United Breweries and ceased operating in the 1950s.
The median apartment price in <a href="/news">Collingwood</a> is $520,000, a 12.5% change in the past five years, according to RP Data.
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Collingwood's historic Yorkshire Brewery residential redevelopment gets green light

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The $440 million Pacific Bondi Beach development has appointed QT Hotels and Resorts as the operator of the hotel component.
The residential, hotel and retail development will feature 69 one- and two-bedroom hotel apartments ranging from $590,000 to $800,000.
Hotel apartments range in size from 38 square metres to 100 square metres, with hotel guests having access to a health club, gym, pool and concierge.
<img src="/images/stories/2012/09/pacificbondi.jpg">
Some 12 of the 69 apartments will have the option of a dual key configuration.
<a href="https://www.propertyobserver.com.au/new-south-wales/pacific-bondi-beach-to-test-the-tide-tomorrow/2012090656440" target="_blank">Pacific Bondi Beach</a> will comprise of 94 apartments, a 69-apartment hotel and a two-level retail and restaurant complex.
<img src="/images/stories/2012/09/bondipac1.jpg">
Buyers have a choice of units starting from beach pad studios of 35 to 44 square metres starting at $550,000.
The developer is Capitel Group's director Eduard Litver in partnership with Allen Linz of Rebel Property Group.
<img src="/images/stories/2012/09/bondipac2.jpg">
The residential, hotel and retail project has been designed by Andrew Andersons of PTW Architects.
Pacific Bondi Beach holds the <a href="/news">title of selling the highest priced apartment in Australia at $21 million</a> to boutique investment fund manager Will Vicars.
Construction is due to commence in September/October, with a scheduled completion date of early 2016.
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Pacific Bondi Beach appoints QT Hotels & Resorts as hotel component operator

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Auction listings across the capital cities are continuing to fall in the second week of August, with 1,273 scheduled, according to RP Data.
Auction volumes across the capital cities dropped from 1,441 the previous week to 1,284 last week.
However, the clearance rate strengthened from 65.3% the previous week to 69.6%.
At the same time last year, the clearance rate was substantially lower at 49.9%, as were auction volumes at 945.
Melbourne’s auction listings also dropped slightly from 637 the previous week to 584 last week.
The clearance rate in Melbourne increased slightly from 68.7% the previous week to 69.7% last week.
Melbourne has a slight increase in auction volumes this week, with 616 scheduled.
Sydney’s auction listings dropped briefly from 469 the previous week to 460 last week.
Sydney’s clearance rate increased slightly from 77.3% the previous week to 78.4% last week.
Sydney is almost on par with last week, with 459 auctions scheduled for the coming week.
At the same time last year, Sydney’s clearance rate was substantially lower at 54.2% with 323 auctions.
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Auction listings continue to fall in the second week of August

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A five-bedroom home in Balwyn North is this week’s most expensive sale, selling under the hammer at its August 3 auction for $2.8 million, according to RP Data.
Located at 34 Aquila Street, the recently built home features timber parquetry floors, raised ceilings, a home theatre and a Miele kitchen.
Situated on 774 square metres, the property also includes alfresco dining with an outdoor kitchen and a pool.
A crowd of around 100 people attended the weekend auction, with two bidders going head to head, according to James Buyers Advocates.
The property was listed through Laurence Murphy and Maurice DiMarzio of <a href="https://www.hockingstuart.com.au/34_AQUILA_STREET_BALWYN_NORTH_VIC_3104" target="_blank">Hocking Stuart Balwyn.</a>
The median house price in <a href="/news">Balwyn North</a> is $1 million, a 7.1% change in the past five years, according to RP Data.
Top 10 most expensive sales:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/34_aquila_street_balwyn_north_vic_3104/14758376" target="_blank">34 Aquila Street, Balwyn North, VIC, 3104,</a> five-bedroom house, sold at auction on August 3 by Hocking Stuart Balwyn for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_waiwera_street_lavender_bay_nsw_2060/3623624" target="_blank">24 Waiwera Street, Lavender Bay, NSW, 2060,</a> four-bedroom house, sold on July 31 by McGrath Estate Agents for $2.75 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_halcyon_avenue_wahroonga_nsw_2076/7191203" target="_blank">10 Halcyon Avenue, Wahroonga, NSW, 2076,</a> five-bedroom house, sold at auction on August 3 by McConnell Bourn Wahroonga for $2.58 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_lomond_place_castle_hill_nsw_2154/1783185" target="_blank">5 Lomond Place, Castle Hill, NSW, 2154,</a> five-bedroom house, sold prior to auction on August 3 by McGrath Estate Agents for $2.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/134_edinburgh_road_castlecrag_nsw_2068/1789665" target="_blank">134 Edinburgh Road, Castlecrag, NSW, 2068,</a> four-bedroom house, sold prior to auction on July 31 by Richardson &amp; Wrench Northbridge/Castlecrag for $2.43 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_through_road_camberwell_vic_3124/10228692" target="_blank">86 Through Road, Camberwell, VIC, 3124,</a> four-bedroom house, sold at auction on August 3 by Jellis Craig Glen Iris for $2.4 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6/110_north_steyne_manly_nsw_2095/16416001" target="_blank">6/110 North Steyne, Manly, NSW, 2095,</a> three-bedroom unit, sold at auction on August 3 by Belle Property Manly for $2.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_glassop_street_balmain_nsw_2041/1256130" target="_blank">86 Glassop Street, Balmain, NSW, 2041,</a> four-bedroom house, sold at auction on August 3 by Belle Property Balmain for $2.3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/22_dunois_street_longueville_nsw_2066/3868464" target="_blank">22 Dunois Street, Longueville, NSW, 2066,</a> three-bedroom house, sold at auction on August 3 by Richardson &amp; Wrench Lane Cove for $2.275 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14d/5_tambua_street_pyrmont_nsw_2009/14955959" target="_blank">14D/5 Tambua Street, Pyrmont, NSW, 2009,</a> three-bedroom unit, sold at auction on August 3 by Morton &amp; Morton Pyrmont for $2.1 million
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Five-bedroom Balwyn North home weekend's most expensive sale: RP Data

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A Sydney inner west development known as Montrose, has sold six of its seven townhouses since launching three weeks ago.
Located on Great North Road in Abbotsford, four townhouses sold for $1.19 million to $1.45 million to young professionals and young families.
“The buyers have been young professionals with one or two children looking to upgrade into a quality development with low maintenance,” says Eddie Mansour of Ray White Projects.
“The purchasers have predominantly been locals,” Eddie Mansour told Property Observer.
Two of the properties are to be retained by the developer – The Montrose Property Group.
Property Observer gathers three of the four sales have been to locals.
Each three- and four-bedroom townhouse is approximately 175 square metres internally with an external area of 80 square metres. 
Designed by Lufi &amp; Associates, the homes feature travertine floors and a mix of textures including render, sandstone and timber.
The kitchens boast Carrera marble, Quantum Quartz and Smeg appliances.
The last townhouse is listed from $1.4 million and is the largest with four bedrooms, two living areas and a plunge pool.
The townhouses are located close to Abbotsford Ferry Wharf, Abbotsford Village and Hen and Chicken Bay.
Montrose is scheduled for a mid 2014 completion.
The development is being marketed through Eddie Mansour and Kieron Stedman of <a href="https://www.raywhite.com/nsw/abbotsford/987930/#.UgAv9-BAt6o" target="_blank">Ray White Projects</a>.
The median unit price in <a href="/news">Abbotsford</a> is $718,750, a 29.5% change in the last five years, according to RP Data.
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Sydney's Abbotsford Montrose townhouses a hit with locals looking to upgrade

A David Boyle-designed home in Randwick is on the market with $4 million plus price expectations.

Located at 10 Sully Street, the 800-square-metre property features six bedrooms, three bathrooms and a pool and spa.

The original federation home was purchased in 2006 for $1.956 million and underwent a complete overhaul in 2012.

The property boasts a 15-metre frontage, a master bedroom with a sunken courtyard, an entertainer&rsquo;s kitchen and landscaping by Secret Gardens.

<a href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=2&amp;cad=rja&amp;ved=0CDsQFjAB&amp;url=http%3A%2F%2Fwww.davidboylearchitect.com.au%2Fprojects%2Fmarrickville-house-1-2%2F&amp;ei=Ky0AUsHHEsjakAWu9YGAAQ&amp;usg=AFQjCNEQWE6kfBkza1jNXzYd0J5aO1gBbA&amp;sig2=N-9bzBo-xft92f9gzhNJGg&amp;bvm=bv.50165853,d.dGI" target="_blank">David Boyle</a>&#39;s pavilion inspired design includes 3.2-metre high ceilings, polished concrete and hardwood floors throughout and exposed brickwork.

The property is listed with Pauline Goodyer and Brighid Fitzsimons of <a href="https://www.propertyobserver.com.au/https://www.gdrealestate.com.au/residential-sales/0000112305" target="_blank">Goodyer Donnelley Real Estate</a>, with expression of interest closing August 23.

Property Observer recently&nbsp;reported&nbsp;that a <a href="https://www.propertyobserver.com.au/new-south-wales/randwick-terrace-soars-past-auction-price-guide/2013073163481" target="_blank">three-bedroom Randwick terrace soared past its auction price guide</a> of $1.7 million plus.

The median house price in <a href="/news">Randwick</a> is $1.43 million, a 9.9% change in five years, according to RP Data.

David Boyle-designed Randwick trophy home listed

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New Zealand opera singer Teddy Tahu Rhodes - the star of South Pacific - is selling his Melbourne city apartment with $1.8 million to $2 million hopes.
Located in Leicester House on Bligh Place, the two-level apartment was only purchased in late 2012 for $1,585,000.
Conveniently located to Melbourne's performance precinct, it features two bedroom, two baths, polished floorboards throughout and an outdoor terrace with a heated swimming pool.
The property also includes high ceilings and an open plan lounge/dining area with an open fireplace.
Rhodes apparantly misses having a backyard, like he previously had in New Zealand.
The apartment was last marketed in June last year before his purchase for $1.7 million to $1.8 million through Dingle Partners.
Rhodes has won several awards including an Aria award, Limelight award and a Helpmann award.
Peter Gray and Tim Wilson of <a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2431577&amp;agentID=952&amp;realestate=8_Bligh_Place_MELBOURNE_VIC_3000&amp;showGoBack=true">RT Edgar Toorak</a> have the listing.
The median apartment price in the <a target="_blank" href="/news">Melbourne</a> CBD is $411,500, according to RP Data.
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Seeking higher price note, opera singer Teddy Tahu Rhodes lists Melbourne apartment

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The pool and gym are operating, and so is the bbq area, so the residents in the Divercity development in Sydney’s Waterloo are eagerly awaiting the opening of their residential roof top cinema.
Developed by Becton, the roof top cinema is complete but is it the final stage of acoustic testing.
Rooftops cinemas is a relatively new trend as developers seek something cutting edge.
The development manager of Divercity (pictured below) Michael Hermans says the cinema was making a statement.
<img src="/images/stories/2013/08/divercity-aug-2-one.jpg" width="470" height="255" alt="divercity-aug-2-one">
Hermans says the rooftop cinema, as well as the other facilities on offer have been a massive draw card for rentals.
“Out of the 80 rental properties we have in the building, 90% were leased before we even settled the property.
“All the facilities are a massive draw card for rentals, it definitely helps with demand," says Hermans.
Residents can potentially save $40 a month on cinema fees, as well as the overpriced candy bar.
The screen is approximately 2.5 metres wide by 1.5 metres high and the area could comfortably hold up to 100 people.
The space can be used as both a rooftop cinema and a barbeque area for parties and functions.
Residents of the 650 apartments and townhouses will also have access to a resident’s only tepanyaki bar, pizza oven and yoga studio.
Associated noise issues with an outdoor cinema means there will only be two movie nights a month and will exclusively be for residents and guests.
It’s up to the body corporate what flicks will be screened, with Hermans saying a mix of classics and latest releases will most likely be on the cards.
The rooftop trend has also been seen in Melbourne with The Block Sky High apartments also jumping on the wagon with a rooftop BBQ area and an outdoor cinema.
Hermans, who is originally from Melbourne, says the rooftop trend is well received down south even though it’s a lot cooler.
“The weather in Sydney is far better, it offers more of an outdoor lifestyle.
“I think it’s a great idea, it’s new, a little quirky, and people like those sort of things.
“It can only get positive feedback," says Hermans.
All residents in many new high rises are entitled to access rooftops in a trend towards <a target="_blank" href="/news">democratisation of the previously sealed off upper levels</a>.
Montrose (pictured below) – a 10-level development comprising of 104 apartments in <a target="_blank" href="/news">North Sydney</a> – was among the first apartment complexes that marketed resort-style resident rooftop access, including a rooftop cinema.
<img src="/images/stories/2013/08/montrose.jpg" width="470" height="264" alt="montrose">
Last November Curtis Field, director of project marketing at Colliers International, which has been marketing Montrose, told Property Observer a rooftop cinema was still fairly unusual for an apartment project in Sydney, with the trend starting in Melbourne's entertainment district retail terraces.
He says the cinema was included in the design to appeal to younger couples and singles who are expected to show interest in Montrose, and he says it will “add some vibrancy” to the project.
The cinema is made to feel like a home cinema and can be booked through the body corporate.
Field says apartments are getting smaller and therefore residents are using the rooftops as common areas for entertaining.
“It offers added value of views and amenities that they [residents] don’t have to pay for.”
The multi-stage <a target="_blank" href="https://divercitywaterloo.com.au/">Divercity</a> is scheduled for an early 2015 completion.
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New apartments take home cinema  to the sociable rooftop

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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