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The $100 million Somerset Park development in Andergrove Mackay has unveiled the estate’s first display home, ‘Stratum’ home – one of nine architecturally designed homes available to build.
<img src="/images/stories/2014/01/10/F1.jpg" width="400" height="242" alt="F1">
The new display home will showcase just one of the house and land package designs available in the new master planned residential estate.
The home has been constructed by Bloomer Constructions and styled by local Mackay interior design business L’Amour Home Furnitute and Homewares.
The ‘Stratum’ design comprises of four bedrooms and two living areas and comes with a 3-bedroom option.
“We are thrilled to be unveiling our first ever display home for Somerset Park, which showcases one of our premier designs in a four bedroom configuration,” says TOTAL Property Group managing director and Somerset marketing manager Adrian Parsons.
<img src="/images/stories/2014/01/10/F2.jpg" width="400" height="266" alt="F2">
“The display home opening is ideally timed with the release of the development’s stage two. This is so prospective buyers can visually experience and get a feel for the type of housing available at the estate.
“The spaciousness, layout and quality of the display home is sure to attract major interest, especially for prospective buyers looking to purchase a three, four or five bedroom house and land package in stage two.
“We have also chosen the Stratum design, as it is ideal for families, but still showcases the high level of quality and contemporary design carried throughout all housing options,” says Parsons.
Stage two launched last month, following the sell out of stage one.
“The development really is appealing to the likes of owner occupiers and investors, for its ideal positioning, quality product and great value.
“Stage one has sold out and stage two is now selling as a result of the development meeting market demand. We expect that the added benefit of being able to explore the housing options first hand, will only further this interest and uptake,” says Parsons.
The display home is located on lot 104.
<a target="_blank" href="mailto:ntrotman@propertyobserver.com.au">ntrotman@propertyobserver.com.au</a>
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Somerset Park estate unveils first architecturally designed display home

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Residential building approvals were down 1.5% during the month of November, but recovery it still underway, according to the Housing Institute of Australia.
The number of detached house approvals in November increased by 5.7%, - the highest level since during the stimulus mid-2010 – but multi unit approvals fell 8.8%.
South Australia led the way as the strongest state, with building approvals up 23.2%, followed by New South Wales up 14.5% and Queensland up 8.3%.
“Overall, the level of building approvals is high and the latest update indicates that activity in the market continues along a rising trend,” says HIA Senior Economist Shane Garrett.
Victoria recorded the largest drop, declining 17.5% during November, followed by Tasmania down 10.4% and the Australian Capital Territory down 9.0%.
A slight increase of 0.5% was recorded in Northern Territory.
“The persistence of strong regional disparities means that the recovery cannot yet be seen as broad- based.
“Despite strong increases in New South Wales, South Australia and Queensland, a sharp decline occurred in Victoria during November and the Tasmanian market continues to be plagued by declining activity.
“It is vital that strong levels of home building continue so as to ensure that housing needs are met across all regions. This is all the more important in the context of the chronic housing underbuild over the past decade,” says Garrett.
Garrett says policy reform in the areas of residential land availability and building regulation must continue as a matter of urgency.
“Strong levels of home building will be very supportive to wider economic growth, something particularly pertinent at this time,” says Garrett.
Total dwelling approvals totaled almost 174,000 over the past year.
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Building approvals down but recovery still happening: HIA

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Two office buildings have come down in West End Brisbane to make way for Pointcorp’s $105 million Vida riverfront development, with construction to commence in the coming weeks.
The development is currently 97% sold and has recorded $94 million in sales since launching to the public mid-2013.
"This is the first step in the construction process and means the project will soon become a reality," says Pointcorp director Chris Vitale.
"We are excited to be preparing to get out of the ground, just six months after Vida was launched to the market.
"The response to the project has just been phenomenal, with more than 74 per cent of the apartments sold within a fortnight of its release,” says Vitale.
A selection of apartments remain priced from $800,000, including two- and three-bedroom apartments and a five-bedroom, four-bathroom penthouse priced from $3 million.
Property Observer <a target="_blank" href="https://www.propertyobserver.com.au/developments/brisbane-west-end-vida-development-95-sold-including-89-million-in-penthouse-sales/2013110466039">reported</a> in November that three penthouses had sold off-the-plan, totaling $8.9 million.
“We identified the demand, and lack of supply, for apartments close to the city centre that were designed for the owner-occupier market and released Vida to fill this void.
"The apartments are larger than the average on offer in Brisbane and include top shelf fittings and finishes.
“The final apartments are all in fantastic locations within the development, with either absolute Brisbane River views or suburban vistas,” says Vitale.
Vida will feature 144 apartments across two 12 level buildings and a ground floor retail precinct with four tenancies.
Designed by Cottee Parker, Vida’s exterior will feature a four-metre high green wall and fig leaf screen and residents will have access to a rooftop pool and gymnasium.
Apartments will feature exposed concrete ceilings, track lighting and American oak timber flooring.
A call was put out almost immediately for tenders to build the project, following strong buyer demand.
The development will take around 18 months to complete with purchasers expected to move in mid-2015.
The median apartment price in <a target="_blank" href="/news">West End</a> is $213,750, a 21.1% decline since last year.
news@propertyobserver.com.au
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Office buildings come down to make way for West End Vida development

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The $330 million Albion Mill Village in Brisbane’s inner north still remains on track following the fire in late November, which destroyed the heritage listed brick flour mill.
Developed by FKP Property Group, the first stage of the development – The Hudson – has recorded $38 million in sales and is currently 50% sold.
The Hudson comprises of 140 one-, two- and three-bedroom apartments plus skyhomes.
The development was in partnership with Jan Powers Farmers Market, with the farmers market to be held on the heritage site on the second and fourth Sunday of every month, but following the fire, the market has had to relocate.
“The fire was a major shock to us; the heritage listed nature of the building and the history of the site is one we as developers hold very close to the essence of the masterplan,” says Aveo Group’s Gary Kordic, executive general manager developments Queensland.
“It is a history we have worked to celebrate in the masterplan, and this will continue.
“The demolition of the Albion Flour Mill is not something that we wanted to see, however, due to the damaged occurred as a result of the heat generated from the fire, the building lost its structural integrity,” says Kordic.
Kordic says stage one remains on track, with construction due to commence this year.
“The Albion Mill development appeals to discerning buyers – it is a once-in-a-lifetime development, paying homage to the history of the site and transforming it through innovative design into one of the city’s most contemporary multi-use urban developments, a flagship for modern living with stunning fitout and penthouse level finishes,” says Kordic.
A limited number of three-bedroom apartments were released following buyer demand, priced from $389,000.
In <a target="_blank" href="https://www.propertyobserver.com.au/developments/albion-mill-village-development-secures-%2422-million-sky-home-sale/2013082063382">August last year</a>, the development secured a $2.2 million sky home sale on the 12th floor.
Remaining apartments are priced from $399,000 for a one-bedder and $455,000 for a two-bedroom apartment.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
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Brisbane's Albion Mill Village remains on track following flour mill fire

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The Australian Industry Group/Housing Industry Association dropped 4.2 points in the month of December to 50.8 but is still indicating growth and is ahead of the average for the year of 43.9
According to the Australian Performance of Construction Index, house building remained the strongest performer at 63.5 and apartment building increased to 56.
“The Australian PCI effectively ‘paused for breath’ in December, easing its rate of growth after a strong march forward over the previous several months,” says Housing Industry Association chief economist Harley Dale.
“The key is that the index remained in expansionary territory,” says Dale.
Dale says detached housing still accounts for over 60% of new home building and has a substantial reach into Australia’s manufacturing sector.
“The on-going strength in apartment and house building sub-indices is pleasing to observe,” says Dale.
New orders, activity and deliveries from suppliers were all lower in December, recording 54.3, 50.7 and 48.3 respectively.
“In line with the easing of the mining investment boom, engineering construction was weaker in December and with further falls in store; the time is ripe for a much more decisive focus on building new and upgrading existing transport infrastructure,” says Australian Industry Group director public policy Peter Burn..
“Commercial construction, while only just in positive territory in December, is showing signs that the extended recession in this sector may be drawing to a close,” says Burn.
Employment tightened in the sector after two consecutive month of growth to 48.1.
“Low interest rates are clearly having their long-awaited impact and the continued growth of new orders means that builders – and the manufacturing and service industries that are linked to the commercial and residential construction sectors - can look forward to 2014 with a greater degree of confidence than prevailed only a few months ago,” says Burn.
The main constraints on house building activity continue to be tight credit conditions and a lack of public sector building activity.
<a target="_blank" href="mailto:ntrotman@propertyobserver.com.au">ntrotman@propertyobserver.com.au</a>
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Construction slowing down but still ahead of yearly average: Australia PCI

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The first significant apartment development to be built on the Capricorn Coast in five years is nearing completion, with finishing touches to wrap up by the end of the month.
{yoogallery src=[images/stories/2014/01/09/oshen]}
The $35 million Oshen development in Yeppoon will feature 61 one-, two- and three-bedroom apartments across five levels, including penthouses.
Developed by Concept Living Properties, Oshen is the first project to deliver one-bedroom apartments on the Capricorn Coast.
“The construction team has done a great job in overcoming the problems of wet weather to deliver this project on time,” says CLP director Sandy Murdoch
“It means buyers can look forward to taking ownership of their apartments in January,” says Murdoch.
Sales have totaled more than $27 million with 10 one- and two-bedroom apartments remaining priced from $339,000 and ranging in size from 55 square metres to 234 square metres.
Oshen will feature conference facilities, a swimming pool and a barbeque area.
“These new facilities position the Capricorn Coast well to tap into the corporate market as well as the leisure market,” says Capricorn Enterprise chief executive Mary Carroll.
“It will go some way in meeting the needs of our growing population and heralds the addition of a sophisticated new accommodation option for both leisure and business travellers,” says Capricorn Enterprise chairman Graham Scott.
Scott says the development is crucial for the Capricorn Coast tourism industry and it will be a catalyst for further tourism-oriented development in the area.
The median unit price in <a href="/news">Yeppoon</a> is $290,000, a 5.7% decrease in the past year, according to RP Data.
<a href="mailto:ntrotman@propertyobserver.com.au" target="_blank">ntrotman@propertyobserver.com.au</a>
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First Capricorn Coast development in five years nearing completion

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Some 30 waterfront lots have been released in the Sovereign Point precinct in the Martha Cove marina development on Safety Beach.
Sovereign Point offers the only waterfront blocks available in the development, with lots ranging in size from 697 square metres to 920 square metres and boast a harbour frontage of up to 22.5 metres with a berth title.
Lots are priced from $499,000, with house and land packages ranging from $899,000 up to $1.45 million for a three-, four- or five-bedroom home.
Nine out of the 30 lots have sold since the November release.
“Sovereign Point gives people a rare opportunity to build their dream architecturally designed home in a masterplanned waterfront community with parks, cycle paths and walkways,” says chairman of partners at PPB Advisory Ian Carson.
Martha Cove is the only site on the peninsula where boats don’t have to leave the water to refuel, and offers 24-hour onsite security with patrols on land and water.
The 94-hectare residential marina development offers house and land packages and will consist of around 1,100 residential dwellings upon completion.
Martha Cove will also include 750 marina berths, a commercial precinct and aged care facility.
A new approach was taken for the $650 million development back in <a target="_blank" href="https://www.propertyobserver.com.au/victoria/alliance-forms-for-mornington-peninsula-s-%24650m-martha-cove-development/2013100265429">October</a>, with an alliance forming between three stakeholders – development company Three Pillars and receivers and managers KordaMentha and PPB Advisory.
Broken into three precincts, PPB Advisory will develop Sovereign Point, KordaMentha will look after Hidden Harbour and Three Pillars will develop Harbourside.
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Waterfront blocks released in Martha Cove development

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The first eight rental dwellings under the Country Liberals Governments Real Housing for Growth head-lease initiative are now ready for rent in Tennant Creek.
The properties will be available for $231 per week, 30% below market rent rates.
The government will lease privately owned dwellings for a 10-year period and the owner/investor is guaranteed 52 weeks market rent per year.
The government will then rent the dwelling to eligible key workers at 30% below market rate.
“This project is an excellent example of how the Country Liberals Government is working with the private sector to increase the supply of affordable housing with an aim to deliver 2000 new homes across the Territory over the next four years,” says Minister for Housing Matt Conlan.
“Labor took their eye off the ball when it came to land release and as a result housing prices all over the Territory sky rocketed.
“The Country Liberals are acting quickly to ensure Territory workers aren’t squeezed out by the high cost of rents caused by the former Labor government’s failed policies.
“We want workers and their families to be able to stay in towns like Tennant Creek and enjoy our unique lifestyle,” says Conlan.
“That’s why we’ve committed $3.8 million in 2013-14 to support the initiatives under Real Housing for Growth plan, including the head-lease initiative which will help keep key workers such as mechanics, shop workers, hairdressers, health workers, hospitality workers and apprentices in the NT.
Conlan says the rent saving will make a real difference in the lives of Tennant Creek residents and young families struggling with the cost of rent.
Head-Lease Agreements have already been issued for three sites, including one development at Coolalinga and two developments in Tennant Creek and negotiations are being finalised with other shortlisted developers to build up to 500 homes on privately owned sites and on government land by early 2015.
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First affordable rental dwellings in Tennant Creek now available

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The First Home Owners Construction Grant in Queenlsand isn’t black and white, with first home owners looking to substantially renovate a property - as opposed to building one from scratch - still eligible.
“Many young people don’t understand that a ‘new home’ doesn’t necessarily mean something that has just recently been built or is in the process of being built; substantial renovations are also eligible for the FHOCG,” says Lachlan Walker of Place Advisory.
The FHOCG is a $15,000 grant provided by the Government to Australian citizens purchasing their first home, which must be valued at under $750,000.
The terms indicate that the place of residence must be a new property and must not have previously been occupied or sold as a place of residence.
Walker says substantial renovations are when all or most of the structural and/or non structural components of a building are removed or replaced.
According to the Queensland Government website, a substantial renovation involves any structure building work such as replacing or altering foundations, floors, supporting walls, brick and roofs.
Non structural building work includes repairing electrical wiring, replacing or altering non supporting walls and plumbing and plastering or rendering walls.
“I believe that substantial renovation gives people many more options,” says Walker.
“They can buy into an area that they like far more easily, and have the option of a self-renovation job, or they can purchase a property that has recently been substantially renovated, just as long as it has not been previously occupied or sold as a place of residence,” says Walker.
Cosmetic work, such as painting or sanding floors, does not count as substantial renovation.
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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First Home Owner Construction Grant not black and white

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Demand for fixed rate home loans were strong in December - soaring to 33.06% - a similar level achieved back in March 2008, according to Mortgage Choice.
Fixed rate loans were significantly higher last month than the 30.56% recorded in November.
"Despite the fact that we saw several lenders raise the interest on their fixed rate products over the past few months, this type of product remains very popular with borrowers," says Jessica Darnbrough of Mortgage Choice.
"Borrowers are increasingly flocking to the safety of fixed rate home loans as they seek to provide themselves with certainty around their mortgage repayments.
"In the current economic environment and with the Reserve Bank keeping its cards close to its chest, it is not surprising to see so many borrowers opting for the safety and security of a fixed rate home loan,” says Darnbrough.
Fixed rate loans increased in every state except New South Wales, which recorded a 0.58% drop.
Queensland recorded the biggest increase, with fixed rate loans accounting for more than 44% of all home loans in December.
However, variable rate home loans are still the most popular amongst borrowers, accounting for 66.94% of all loans in December.
<a target="_blank" href="https://mce_host/news@propertyobserver.com.au">news@propertyobserver.com.au </a>
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Fixed rate loans increase as more buyers seek certainty: Mortage Choice

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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