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As the dust settles on last weekend's The Block Sky High auctions, the enduring question centres on the prices paid above reserve for the apartments in a former run down motel.
The  sales run down was:
Apartment 5 Trixie &amp; Johnno: $1.605 million
Apartment 4 Madi &amp; Jarrod: $1.601 million
Apartment 3 Bec &amp; George: $1.507 million
Apartment 2 Matt &amp; Kym : $1.455 million
Apartment 1 Alisa &amp; Lysandra: $1.435 million
Melbourne buyer's agent Catherine Cashmore says the marketing of the apartments were weighted towards investors with depreciation schedules and rental appraisals available.
The tax depreciation scheduled for apartment 301/142 Park Street advises purchasers could claim over $38,000 in deductions during the first full year leading to a cumulative total of $165,000 in the first five years of ownership.
However buyer’s agent Frank Valentic of Advantage Property Consulting represented owner-occupiers for each floor on <a target="_blank" href="https://www.propertyobserver.com.au/residential/just-%244000-hammer-price-difference-with-entertainment-the-winner-of-the-block-sky-high-auction-results/2013072763601">auction day</a>.
An owner-occupier who wanted to downsize bought level two and level four was rumoured to be purchased by an Albert Park local.
The quality and price of the fixtures and fittings come into question as well; with Cashmore saying they were over capitalised and coming fully furnished is a “nightmare” rather than a “blessing.”
“Unit one contains a huge double integrated fridge, an outside electric BBQ, two ovens, hydrotaps, frameless glass showers, spring-loaded cabinetry, fixed televisions all controlled by an Ipad as part of the package – and this doesn’t even touch the surface.
“The responsibility for the maintenance and upkeep of all the fixtures and fittings, as well as the furniture falls at the feet of the landlord.
“If anything breaks down, the landlord must replace the appliance ‘like for like,” says Cashmore.
However, Valentic says the furnishings are a bonus.
“It probably helped them get the result they all got, I think it’s a bonus.
“They needed to have good finishes to have people pay premium, buyers are paying for quality,” says Valentic.
It’s important to keep in mind the things owners can’t change, like the proposed plans for a three-level development next door, which will potentially disrupt the views and sunlight of level one through to three.
This is something to keep in mind for the apartments future re-sale value.
Cashmore says the space could have been utilized better than four bathrooms for a three-bedroom apartment and says the ceilings were low, which made it feel unusually compact.
For $1.2 million to $1.5 million, buyers could have purchased a single or double storey fully renovated period terrace in Albert Park, Middle Park or South Melbourne.
Cashmore says these types of property have a better chance of holding value than an old renovated motel.
However Valentic says these apartments are unique.
“They are very unique, you have a penthouse style apartment with no one else on your floor.
“It’s not easy to put a price on that,” says Valentic.
Valentic says similar sizes apartments of 200 square metres plus on St Kilda Road are around the $1.8 million mark; therefore The Block apartments are good value for money.
In terms of the reserve prices, Valentic says the reserves were set at a level that were always going to sell well.
The reserve prices were set before the renovations were undertaken and were valued by the size of the apartment, what level they were on and what views they offered.
The initial reserves prices were:
Apartment 5 Trixie &amp; Johnno: $1.4 million
Apartment 4 Madi &amp; Jarrod: $1.34 million
Apartment 3 Bec &amp; George: $1.28 million
Apartment 2 Matt &amp; Kym: $1.22 million
Apartment 1 Alisa &amp; Lysandra: $1.16 million
“The reserves were probably set lower than market value to get results and make the show positive,” says Valentic.
Cashmore was representing a client for unit one and says the $1.435 million sale price exceeded her expectations.
Valentic expected the penthouse to go for an extra $100,000 and was the bargain of the day, offering the highest potential resale value.
Valentic says level one could prove difficult to resell once the building next door goes up.
“If the apartments were sold separately the results would be different; selling five in a row like that, you’re likely to pick up a better opportunity,” says Valentic.
Peter Hay of Hay Property Group says it will be interesting to see how the apartments stand the test of time.
“I’m not so sure they will be a good long term investment, too many people got caught up in the hype, not necessarily the quality of the property,” says Hay.
Property records show the production company, Watercress, spent $6.71 million for the four-star bizMOTEL, which closed its doors in late 2012. They retain the ground floor apartment.
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ntrotman-Et3xWpamVh

Over furnished or unfurnished: The Block Sky High apartment debate

A four-bedroom tri-level home in Vaucluse is scheduled for&nbsp;August 29&nbsp;auction with a $5.5 million plus price guide.

Located at 18 Village High Road, the property is situated on 835 square metres and features courtyards, tropical gardens, a terrace and a pool.

Designed by Castlepeake Architects, the home features limestone floors, a kitchen with Gaggenau appliances, home theatre and a gymnasium.

The master bedroom boasts its own private terrace with views to the harbour.

The property also includes a private nanny&rsquo;s quarters at the rear of the property designed by architects Peter Tout and Brien Kwong.

The property last sold in February 1998 for $2.32 million.

It is scheduled to go under the hammer through Elliott Placks and Ashley Bierman of <a href="https://www.raywhite.com/nsw/vaucluse/1002809/#.UfifxeBAt6o" target="_blank">Ray White Double Bay</a>.

The median house price in <a href="/news">Vaucluse</a> is $2,780,000, according to RP Data.

Its been listed by Westfield UK,&nbsp;Europe and New markets managing director Michael Gutman and his wife, Karen&nbsp;who are trading up.

Castlepeake Architects-designed Vaucluse trophy home listed

A three-bedroom Randwick terrace sold at its July 20 auction for $1.84 million.

It was listed with a $1.7 million plus price guide and had six registered bidders on the day.

Martin Farah of N G Farah Realty says it was a great result, considering it&rsquo;s a terrace and not a freestanding cottage.

Built in 2008, the architecturally designed residence is located in the Figtree Gardens complex at 16A Frances Street.

The property features two marble bathrooms, an internal courtyard and front and rear terraces.

It also includes a rooftop terrace with city skyline views.

It is currently leased for $1,350 a week, reflecting a rental yield of 3.82%.

Theo Karangis of N G Farah Realty says the developers held onto the property as an investment after construction finished.

The median apartment price in <a href="/news">Randwick</a> is $611,000, a 26.2% change in five years, according to RP Data.

Randwick terrace soars past auction price guide

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SQM Research’s top 10 discounted properties are the same as previous weeks, but the most discounted property has extended its lead by a further 4%.
Located at 22 White Street in Bundamba, the three-bedroom home was originally listed in July last year for $425,000.
After 356 days on the market, the Queenslander-style home has slashed its price by 52% to $205,000.
SQM Research says its may well be one of the most discounted properties SQM Research has featured in its top 10.
The home is situated on 1.49 hectares and was purchased in 2006 for $250,000.
It is listed through <a target="_blank" href="https://www.raywhite.com/qld/bundamba/820005/#.UfiDSuBAt6o">Linh Vo of Ray White Darra</a>.
The median house price in <a target="_blank" href="/news">Bundamba</a> is $247,000, a 10.2% price decline in five years, according to RP Data.
Queensland properties continue to dominate the list, with six properties featured.
New South Wales, Western Australia, South Australia and Tasmania each have one property featured.
The top 10 most discounted properties:
 
1.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-bundamba-111116347">22 White Street Bundamba, 4304</a>
 
Days on the market: 356
Initial asking price: $425,000
Current asking price: $205,000
Reduction: 52%
 
2.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-closeburn-107603313">34 Seraya Court Closeburn, 4520</a>
 
Days on the market: 707
Initial asking price: $1,450,000
Current asking price: $795,000
Reduction: 45%
 
3.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-nsw-londonderry-7296375">9 Hughes Street Londonderry, 2753</a>
 
Days on the market: 1022
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
 
4.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-tangalooma-104624146">7 Cassidae Crescent Tangalooma, 4025</a>
 
Days on the market: 1574
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
 
5.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-112206275">4 Edgewater Place Lamb Island, 4184</a>
 
Days on the market: 1085
Initial asking price: $425,000
Current asking price: $249,000
Reduction: 41%
 
6.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-105155213">79 Perulpa Drive Lamb Island 4184</a>
 
Days on the market: 1071
Initial asking price: $499,000
Current asking price: $298,000
Reduction: 40%
 
7.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-doolandella-112978863">38 Cloverdale Road Doolandella, 4077</a>
 
Days on the market: 161
Initial asking price: $1,650,000
Current asking price: $1,000,000
Reduction: 39%
 
8.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretel Two Rocks, 6037</a>
 
Days on the market: 1302
Initial asking price: $1,100,000
Current asking price: $699,000
Reduction: 36%
 
9.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-sa-craigburn+farm-112856719">33 Fergusson Avenue Craigburn Farm, 5051</a>
 
Days on the market: 176
Initial asking price: $1,250,000
Current asking price: $795,000
Reduction: 36%
 
10.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-tas-spring+beach-106968687">368 Rheban Road Spring Beach, 7190</a>
 
Days on the market: 987
Initial asking price: $760,000
Current asking price: $500,000
Reduction: 34%
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Most discounted home in Bundamba extends its lead by 4%: SQM

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Victoria and Queensland led the way for new listings activity over the month to July 28, according to RP Data.
Victoria saw a seasonally adjusted increase in new listings to 10.5%, while Queensland had a 6.3% change.
<img alt="rpdatachartjuly29thirteen" height="249" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29thirteen.jpg">
<img alt="rpdatachartjuly29fourteen" height="215" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29fourteen.jpg">
The RP Data Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market.
RP Data customers account for over 70% of all listings in the Australian property market.
The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.
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VIC and QLD lead new listings activity: RP Data

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The average discount rate of properties in Canberra has dropped 1.3% to 4.6% in July, according to Australian Property Monitors.
Melbourne also dropped to an average discount of 5.9% in July from 6.5% in  June.
The Gold Coast is the only region to have recorded an increase in its average discount rate to 8.9% in July, up from 8.4% in June.
Brisbane has remained stagnant for the last three months at 7.0%.
<img src="/images/stories/2013/07/apmheathcartjuly29two.jpg" alt="apmheathcartjuly29two" width="470" height="696">
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Vendor discounting in Canberra drops 1.3% in July: APM heat chart 

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A new type of apartment - known as transition apartments – have been created in North Sydney to tempt empty nesters and baby boomers from their larger family homes.
Designed by Smart Design Studio, the apartments are part of  <a target="_blank" href="https://www.theheritagenorthsydney.com.au/">The Heritage</a> development by Moore Development Group in North Sydney’s Walker Street.
The apartments, ranging in size from 148 square metres to 182 square metres, feature their own lobby and exclusive lift access.
The development will feature 23 three- and four-bedroom apartments and penthouse apartments and prices start from $1.425 million.
“Empty nesters want to escape the maintenance chores of a house, and they like the idea of moving into a lively location, but most baulk at the thought ot multi-unit complexes where noise can be an issue and privacy can be compromise,” says Nick Rickard, general manger of Moore Development Group.
“We are offering people a compromise to make their transition from a family home into strata living as seamless as possible.
“Going from being ‘Lord of the Manor’ into a strata development where other people have an equal say in the way things are run is a major issue for many peoples,” says Rickard.
The first stage of 18 apartments has been released and 17 have already sold.
The apartments feature high ceilings, floor to ceiling windows, travertine floors and timber veneer joinery.
The security lift at The Heritage only stops at an authorized floor, opening onto a private lobby, which then leads onto the living spaces of the apartments.
“There is only one common wall so noise is not a problem,” says Rickard.
“Privacy is enhanced, security is cutting-edge and each ‘transition apartment’ has practical entertainment spaces every bit as opulent as a house, as well as storage cages on one dedicated level,” says Rickard.
“Downsizers are used to having space, and the additional bedrooms allow other family members to come and go as they need,” says Colin Griffin of CBRE Residential.
“North Sydney is convenient location for friends to visit and you’re very close to the CBD,” says Griffin.
Residents will have access to a rooftop terrace with BBQ facilities.
The median apartment price in <a target="_blank" href="/news">North Sydney</a> is $550,000, according to RP Data.
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Transition apartments to tempt Sydney north shore empty nesters

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Darwin has the highest private treaty median house price for the month ending July 28 at $630,000 from 21 sales, according to RP Data.
Sydney follows with a median private treaty house price of $606,250 from 2,526 sales.
Sydney has the highest private treat median unit price at $498,000 from 1,685 sales, followed by Perth at $441,000 from 220 sales.
<img alt="rpdatachartjuly29seven" height="281" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29seven.jpg">
<img alt="rpdatachartjuly29eight" height="218" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29eight.jpg">
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Darwin highest private treaty price in July at $630,000: RP Data

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A four-bedroom John Burgess-designed home in Longueville sold prior to its recent scheduled auction.
It was <a target="_blank" href="https://www.propertyobserver.com.au/residential/john-burgess-designed-longueville-trophy-home-seeks-%24325-million-plus/2013062862796">listed with a price guide of $3.25 million plus.</a>
Listing agent James Bennett of Belle Property Lane Cove said it sold “quite comfortably” above $3 million - the highest non-waterfront sale in the street.
Situated on 623 square metres, the William Edward Street property was built in 2010.
A large centrally located Blackbutt tree on the site was kept and was used as a primary design trigger.
The three level residence includes three bathrooms and boasts glass and natural materials throughout.
The property also features Zen inspired outdoor relaxation spaces, a heated pool and an entertainers' terrace.
John Burgess Architects was established in Byron Bay in 1990 and has designed iconic developments including Rae’s on Wategos and the historic Orient Hotel.
It was listed through Simon Harrison and James Bennett of <a target="_blank" href="https://www.49williamedwardst.com/index.php">Belle Property Lane Cove</a>.
The median house price in <a target="_blank" href="/news">Longueville</a> is $2 million, according to RP Data
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John Burgess-designed Longueville home sells prior to auction

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Auctions volumes have slightly dropped this week, with 1,241 auctions scheduled across the capital cities, according to RP Data.
There were a revised 1,393 auctions last week, up from the previous week of 1,131 auctions. 
The clearance rate last week slightly increased to 65.7%, up from 65.4% the previous week.
At the same time last year the clearance rate was much lower at 50.8% but auction volumes were only slightly lower at 1,164.
Melbourne’s auction volumes increased last week to a revised 612, up from 486 auctions the previous week.
The clearance rate in Melbourne also increased from 62.8% the previous week to 67.7% last week.
There are 565 auctions scheduled across Melbourne this week.
Sydney has 443 auctions scheduled for this week, very similar to the revised figure of 447 auctions last week and 410 auctions the previous week.
The clearance rate in Sydney increased last week from 79.1% the previous week to 80.6% last week.
At the same time last year, Sydney had a clearance rate of 53.4% and Melbourne had a clearance rate of 51.3%.
Sydney and Melbourne both have more auctions scheduled this week than at the same time last year, with Sydney holding 417 auctions last year and Melbourne holding 521.
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Auction volumes drop slightly: 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" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

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

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

Nicola Trotman

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