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The Albion Flour Mills development in Brisbane has secured a $2.2 million sale.
The apartment, known as The Hudson Sky Home, is located on level 12 of the $330 million development by FKP Property Group.
Gary Kordic executive general manager of FKP says the 336-square-metre sky home is a one-off design.
The sky home features four bedrooms, four bathrooms, a media room and a scullery kitchen.
“This sale, on the back of the increasingly constant demand for larger configurations is a great reflection of the strength of the owner-occupier market,” says Kordic.
The historic Mill is located in Brisbane’s inner north next to the Albion train station, providing ample transport for the urban liver.
All of the penthouses sold in the first six months of the development being on the market, for over $1.1 million each.
“The response shows that demand for this integrated, village-style development’s larger apartments is strong and very much alive in today’s market,” says Kordic.
The development announced its recent partnership with Jan Powers Farmers Market, with the farmers market being held on the heritage site on the second and fourth Sunday of every month.
“This site has been home to primary industry since the 1930s; it was a hub of humanity and food and industry and it’s important to recreate this village precinct; a market is at the very heart of any village, and we look forward to seeing this one grow and develop,” says Jan Power.
“For the first time in our markets history, the Albion Mill Village markets will include a sit down café under the Heritage building, providing people with the opportunity to sit and soak up the atmosphere of the markets and surrounds,” says Power.
The market will start from September 22.
The Albion Mill Village development site spans 7,336 square metres across two sites, including the historic flourmill and adjoining site.
The Hudson is the first stage of the masterplan development, with prices starting from $399,000 for a two-bedroom apartment.
 Upon completion, the Hudson will include 139 one-, two- and three-bedroom apartments plus sky homes and penthouses.
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Albion Mill Village development secures $2.2 million sky home sale

Barrister Mark Cleary and wife Melanie, have sold their&nbsp;Clanville Road,&nbsp;Roseville home for $1.9 million.

The modernised 1937 house&nbsp;retains&nbsp;timber floors, decorative cornices, picture rails, leadlight windows along with a&nbsp;leadlight living room&nbsp;dome.

Set on a 1026 square metre block, the house comes with&nbsp;four bedrooms and&nbsp;two bathrooms.

More than $1.75 million was tipped for its recent auction through&nbsp;Pamela and Malcolm McCulloch of Belle Property.

It last traded at $1.46 million in 2008 having been listed two years earlier&nbsp;in 2006 with $1.8 million hopes.

The median house price in <a href="/news">Roseville</a> is $1.49 million, according to RP Data.

Modernised Roseville 1937 charmer secures $1.9 million 

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The South Australian suburb Parkside is again the most searched for suburb around the nation, having held the position for the past six months, according to realestate.com.au.
South Australia dominates as the state most searched for, accounting for 50% of the top 10 most in demand suburbs.
“The proximity of Parkside to the city and the range and style of houses available continue to drive demand for property in the area,” says Anthony Toop of Toop and Toop Real Estate.
“Parkside is well located and caters to the modern needs of buyers.
“There are great schools in the area and new restaurants opening, it is a growing, cosmopolitan area that caters to a wide range of buyers,” says Toop.
South Australian Walkerville re-entered the list in third place, having slipped off in the March top 10.
Norwood, Aldgate and Kensington Gardens also made it onto the list.
Victoria’s Surrey Hills slotted into second place, having been listed in seventh place in the March report.
Toby Park from Hocking Stuart Balwyn put this down to Surrey Hills offering good schools and public transport.
“There are terrific schools in the area and it is close to a train line which is important.
“The suburb itself is relatively tightly held and purchasing in the area can be quite competitive,” says Parker.
Victoria’s Fitzroy North was a newcomer onto the list - ranking in seventh, as was Wantirna, taking out ninth place.
Oyster Bay was the most searched for suburb in New South Wales, but ranked eighth around the nation.
“Oyster Bay is a leafy bay area, where buyers can find a quieter lifestyle and escape, only 40 minutes from the city,” says Warren McCarthy of McGrath Real Estate.
“It has great local schools, a tight community and is close to public transport,” McCarthy says.
New South Wales’ Bondi was ranked tenth.
Australia’s hottest suburbs are as follows:
<ol>
<li>
<a href="/news">Parkside</a> (SA)</li>
<li>
<a href="/news">Surrey Hills</a> (VIC)</li>
<li>
<a href="/news">Walkerville</a> (SA)</li>
<li>
<a href="/news">Norwood</a> (SA)</li>
<li>
<a href="/news">Aldgate</a> (SA)</li>
<li>
<a href="/news">Kensington Gardens</a> (SA)</li>
<li>
<a href="/news">Fitzroy North</a> (VIC)</li>
<li>
<a href="/news">Oyster Bay</a> (NSW)</li>
<li>
<a href="/news">Wantirna</a> (VIC)</li>
<li><a href="/news">Bondi</a> (NSW)</li>
</ol>
Parkside is located within the Municipal of Unley, has a total population of 11,606.
Of that population 61.6% are employed, 30.1% are not in the labour force, 2.7% are unemployed and 5.6% are not started.
Median monthly home loan repayment of the suburbs population is $1,343 and a median weekly household income of $1,115.
The average household size is two (2).
Parkside is 2.4 kilometre’s form Adelaide’s city center. It is 1.63 kilometre’s squared in size.
Of the occupations, the major ones are professionals, managers and clerical and administrative workers.
Out of the dwellings in the suburb, 53.5% are separate house, 23.8% are semi-detached and 22.5% are flats/units/apartments.
Of the dwellings, 28.3% of them are fully owned, 32.5% are being purchased, 32.3% are rented, 1.9% other tenure and 4.9% are not started.
Within the market it is shown that;
The median house sale price of the suburb was $652,000, which was a change in median price of 10% to last year’s median, and has an average time on the market of 75.6 days.
Within the rental market of Parkside houses, the median asking rent was of $450, with an indicative gross rental yield of 3.6%. There has been a major increase in the median asking rent since 2008.
The unit market of Parkside has a median sale price of $470,000, a 6.8% change to last year median price, with an average 98.3 days on the market.
The median asking rent is $330, with an indicative gross rental yield of 3.7%. A considerable increase in rent was experienced between 2008 and 2011.
Of recent properties sold in the Parkside area, 11 Dunks Street Parkside (pictured below) sold for $771,000 on May 7th 2013, where it was only on the market for 10 days.
The property has four bedrooms and two bathrooms and is 200 square metres in size.
20 Scott Street, another property in Parkside’s leafy suburb, sold on May 2nd 2013 for $622,000. It was listed on the market for 46 days.
The property has three bedrooms, and the sharing of one bathroom, on a site of 512 square metres.
Previous sales of this property suggest that the value has appreciated. In February 2007 this same property was sold for $503,000 and listed for just only 14 days.
At 21 Leicester Street there was a May 6 sale for $570,000. It was listed on the market for 56 days.
The home has five bedrooms and two bathrooms, situated on a land size of 523 square metres. In 2009 the same property was sold for $600,000, suggesting depreciation in the price of the property has occured.
Currently on the market is an updated sandstone cottage located at 10 Scott Street Parkside, which has an asking price of between $670,000 - $720,000.
This property has three bedrooms, one bathroom and two living rooms with a lush backyard.
 
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Parkside, South Australia the most searched for suburb

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Spec Property Group is enticing potential buyers by including a Vespa in the sale of some of their one-bedroom apartments in the South Yarra development.
The Ella development on Claremont Street features 167 apartments; 60 of those are one-bedroom apartments with no car space.
Spec is offering up to 20 Vespas to those lucky enough to secure a one-bedroom apartment with an allocated scooter space. 
The iconic Italian scooters are worth between $4,000 and $9,500, depending on the model.
One-bedroom apartments range in price from $339,000 to $445,000 and range in size from 39 square metres to 45 square metres.
The 107 two-bedroom apartments come with a car space and range in price from $535,000 to $650,000.
The kitchens feature Smeg appliances and Caesarstone benchtops but can be upgraded to Miele appliances.
Developer gifts are not a new concept within Australia; incentives such as cars, holidays and even cooking lessons with a celebrity chef have been utilised to attract potential buyers.
This is not even the first time <a href="https://www.specproperty.com/#/profile/" target="_blank">Spec Property Developments</a> have offered incentives; previously they have offered to pay the stamp duty for apartments purchased in their Madison development in Doncaster.
The Vespa incentive first appeared in Jacksonville Florida, with buyers at the Chelsea Lofts being able to choose between receiving a Vespa, having their homeowner association fees paid for a year or getting a plasma TV.
The rise in incentives can be seen as a result of tough housing market conditions.
Although the prospect of a lavish item, such as a Vespa, may seem like a good prospect, buyers are warned that there is a catch. The costs of the incentive are often hidden away in land or building costs.
Ella is currently 50% sold, with construction already commenced.
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Vespa offer to entice buyers to South Yarra one-bedroom apartments

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Some of the fastest selling houses in NSW can be found in suburbs such as Eagle Vale and St Peter's, with an average of 33 to 35 days spent on the market, according to RP Data. 

Properties located in Revesby Heights, Heathcote, Bronte and Crows Nest are also quick to sell, with time on the market ranging between 37 to 62 days.
The states slowest selling houses can be found in Crescent Head, with an average of 222 days on the market and Greenwell Point with an average of 221 days on the market.
Denhams Beach, Berridale, Condobolin and Tuggerawong are also amongst the slowest selling suburbs.


A three-bedroom 1920s home at 19 Florence Street in St Peter's sold prior to auction for $870,000 in June, after a mere 21 days on the market.
Situated on 190 square metres and including two bathrooms, the property last sold in October 2009 for $575,000, reflecting an annual price appreciation of 9.04%.
The property was listing through Oliver Miles of <a target="_blank" href="https://raywhitegladesville.com.au/nsw/st-peters/973088/#contact-the-agent">Ray White Gladesville.</a>
A three-bedroom home at 48 Edith Street was snapped up for $992,000, after being on the market for 23 days.
The property is situated on 299 square metres and includes two bathroom.
It last sold in November 2002 for $490,000, reflecting an annual price appreciation of 6.82%.
The property was listed through Joseph Tropiano and Adam Touma of <a target="_blank" href="https://www.belleproperty.com/selling/NSW/Inner-West/St-Peters/House/34P0546-48-edith-street-st-peters-nsw-2044">Belle Property</a>.
The median house price in <a target="_blank" href="/news">St Peters</a> is $694,000, according to RP Data. 
Henry Nooyen of LJ Hooker St Andrew's says St Peters and Eagle Vale are among the fastest selling suburbs due to the affordability of properties.
"We have a lot of people who come from the Liverpool area, where the properties are around 20% more expensive.
"Eagle Vale is a cheaper suburb and mostly consists of three-bedroom, one-bathroom homes," says Nooyen.
Nooyen says these suburbs attract investors as they rent our quickly.
The median rental yield for a house in Eagle Vale is 6.1% and 4.4% in St Peter's.
 
Some of NSW fastest selling houses 


 
<a target="_blank" href="/news">St Peters</a> – 35.9 days 

<a target="_blank" href="/news">Bronte</a>  – 62.1 days

<a target="_blank" href="/news">Crows Nest</a>  – 50.2 days 

<a target="_blank" href="/news">Revesby Heights</a>  – 37.4 days

<a target="_blank" href="/news">Eagle Vale</a> – 33.9 days

<a target="_blank" href="/news">Heathcote</a> –  42.6 days

 
Some of NSW slowest selling houses 


 
<a target="_blank" href="/news">Berridale</a>  –217 days

<a target="_blank" href="/news">Greenwell Point</a>  – 221.4 days

<a target="_blank" href="/news">Denhams Beach</a> – 187.9 days

<a target="_blank" href="/news">Condobolin</a> - 188.7 days

<a target="_blank" href="/news">Tuggerawong</a> - 150.8 days
<a target="_blank" href="/news">Crescent Head</a>  – 222.8 days 

 
Readers can expect mild adjustments from month to latest month.
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Eagle Vale and St Peter's among NSW's fastest selling suburbs

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A three-bedroom apartment in Potts Point was this week’s most expensive sale, selling for $3.3 million, according to RP Data. 
Located at 1501/81 Macleay Street, the apartment features a CaesarStone kitchen with Miele appliances and two bathrooms.
A private balcony boasts views of Woolloomooloo Bay, the Opera House, Bridge and Harbour.
The successful purchaser has access to the complex’s facilities including a pool, sauna and gym.
The apartment last sold in 2009 for $3.1 million, reflecting a price appreciation of 1.74% over the four year period.
Prior to that, it was sold by Mirvac in 2002 for $3,005,650.
It most recently sold through Jason Boon of <a target="_blank" href="https://www.randw.com.au/460414/">Richardson &amp; Wrench Potts Point</a> at its July 11 auction.
The top 10 most expensive sales if the week were:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1501/81_macleay_street_potts_point_nsw_2011/5576666">1501/81 Macleay Street, Potts Point, NSW, 2011</a>, three-bedroom unit, sold on July 11 by Richardson &amp; Wrench Elizabeth Bay/ Potts Point for $3.3 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8a_court_road_double_bay_nsw_2028/16342247">8A Court Road, Double Bay, NSW, 2028</a>, four-bedroom house, sold on July 10 by Raine &amp; Horne Double Bay for $3.1 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/632_toorak_road_toorak_vic_3142/15508003">632 Toorak Road, Toorak, VIC, 3142</a>, five-bedroom house, sold at auction on July 13 by Marshall White Real Estate Armadale for $2.885 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1/7_college_street_manly_nsw_2095/3975432">1/7 College Street, Manly, NSW, 2095</a>, three-bedroom unit, sold on July 12 by Belle Property Manly for $2.825 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/29_upper_avenue_road_mosman_nsw_2088/4510604">29 Upper Avenue Road, Mosman, NSW, 2088</a>, five-bedroom house, sold on July 11 by L J Hooker Mosman Neutral Bay for $2.77 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/21_kambah_place_west_pennant_hills_nsw_2125/7481110">21 Kambah Place, West Pennant Hills, NSW, 2125</a>, house and land package, sold on July 11 by Louis Carr Glenhaven / Castle Hill for $2.6 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_garnet_street_killara_nsw_2071/3327308">5 Garnet Street, Killara, NSW, 2071</a>, five-bedroom house, sold prior to auction on July 13 by Chana Scotcher Realty for $2.4 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/11_comus_street_hamilton_qld_4007/4937259">11 Comus Street, Hamilton, QLD, 4007</a>, five-bedroom house, sold on July 10 by Alma Clark Real Estate - Ascot for $2.35 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/93_seaview_road_tennyson_sa_5022/10574148">93 Seaview Road, Tennyson, SA, 5022</a>, five-bedroom house, sold on July 11 by Jacktracey Dulwich for $2.35 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/48_st_marks_road_randwick_nsw_2031/5762977">48 St Marks Road, Randwick, NSW, 2031</a>, four-bedroom house, sold at auction on July 13 by Goodyer Donnelley Real Estate for $2.35 million
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Potts Point apartment most expensive sale: RP Data

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Scheduled auctions are slightly up this week across the capital cities with 1,101 auctions, according to RP Data.
There were a revised 965 auctions last week and 1,029 auctions the previous week.
The clearance rate recorded last week was slightly higher at 69.6%, up from 65.1% the previous week.
At the same time last year the clearance rate was 52.2% and 837 auctions were held.
Melbourne auctions volumes have increased slightly this week with 480 auctions scheduled.
Melbourne had a revised 418 auctions last week and 453 the previous week.
The clearance rate increased from 65.8% the previous week to 67.3% last week.
Sydney’s auction volumes remained virtually unchanged with 371 auctions held last week and 369 the previous week.
The preliminary clearance rate of 79.7% last week is the highest recorded for the city since the same week in 2009.
The previous week recorded a clearance rate of 74.1% and at the same time last year the clearance rate was substantially lower at 54.6%.
Sydney is scheduled to have 392 auctions this week.
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Scheduled winter auction volumes increase slightly: RP Data 

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Leaving a good first impression has always been important, so it’s just as important for your home to leave a good impression on a potential buyer before they get a foot in the front door.
Property Observer has compiled six tips to help you improve your homes curb appeal.
Firstly, pretend to be a potential buyer and park your car away from your home. As you walk towards your property, what catches your eye first? Is it something negative or positive? Looking around and see what needs tidying up, from cleaning gutters and windows to mowing the lawn.
Secondly, make sure your backyard is in order, particularly if it’s visible from another street or someone’s driveway, as those interested in your home will do drive bys.
Remove things that are overgrown of affect your homes appeal. If you’re not willing to, you must be prepared to lower the price for a buyer who is willing to put in the hard work.
Planting flowers is an easy way to add impact. Visit your local nursery to find out what is currently in season and plant some in the front yard or in planter boxes on the porch.
Upgrade hardware, such as a new doorknob or knocker if your one is a bit outdated. Adding numbers to your mailbox or next to your door can also be affective. If your front door looks a bit dated, give it a fresh lick of paint, as it is the entrance to the home.
Lastly, string low voltage lighting along your driveway or near important landscaping elements. Not only does this highlight certain features, it also acts as a security feature at night.
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Six tips to improve your home's curb appeal before sale

A former Brighton police station has sold under the hammer, with the successful buyer planning to renovate the double-storey Victorian Italianate style building into a home.

The 1,047-square-metre property (pictured below) at 27 Wilson Street successfully sold at its recent auction for more than $2.4 million.

Offering double street frontage, the property features 10 principal rooms, original holding cells and original timber stairwells.

Nick Johnstone of <a href="https://www.propertyobserver.com.au/https://www.nickjohnstone.com.au/property/details/281" target="_blank">Nick Johnstone Real Estate Brighton</a> says the owner plans to keep the fa&ccedil;ade but refit the interior.

Meanwhile, the old Carlton police station at 334-344 Drummond Street has sold for $3,641,000.

Property Observer <a href="https://www.propertyobserver.com.au/victoria/old-bluestone-carlton-police-station-with-squizzie-taylor-links-listed-by-state-government/2013041860481" target="_blank">reported</a> on the listing earlier this year where the price guide was reported around $3 million.

The property ceased being an active station in 2010, having served the community for 130 years.

It is speculated that notorious 1920s gangster Squizzy Taylor was connected to the site.

Sitting on 992 square metres, the new of its two buildings is the 1890s six-cell bluestone jail designed by John Dow.

The symmetrical brick Victorian restrained Classical-Revival style building on the street was designed by Public Works Department architects William Steel and George Watson in 1878.

It was listed through Simon Shrimpton of Jellis Craig.

Shrimpton says the purchaser is looking to renovate and rework the Drummond Street site.

Up north, the former Pymble police station is on the market for $800,000 plus.

Located at 1116 Pacific Highway, the property&nbsp;retains original features including four fireplaces and two cell lock up blocks.

It also includes three individual offices.

Situated on 465 square metres, the property has recently been rezoned to high-density development.

In October last year, the original Rozelle Police Station&nbsp;sold for $1.87 million.

The 450-square-metre property at 707 Darling Street retains original features including three jail cells and barred windows.

Listing agent Tim Morrison described the building as having artistic feel to it with a blend of old and new interiors throughout.

The new owner has used the building to create a corporate headquarters for her digital publishing business beautheaven.com.au.

Prior to the sale, the property was used as the headquarters for New South Wales children&rsquo;s charity Variety.

It was sold in 1991 for $587,500 by a retail company dealing in luggage and leather goods.

Former Brighton police station to be restored into family home

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A grand family holiday home in Chelsea is on the market with a $3.2 million plus price guide.
Located at 18 Camp Street, the property consists of three linked accommodation areas.
The central home features four bedrooms and two bathrooms, the north wing is made up of two apartments and the south wing is made up of three apartments.
The Herszberg family holiday home totals 17 bedrooms and 10 bathrooms and is being sold as a whole.  The property has been used every year since the initial 1999 purchase as a holiday home for the matriach and her four children and 25 grandchilden.
The 1,200-square-metre property, with an indoor pool, has the option of being subdivided into three separate homes and offers a potential rental income of $150,000 per annum - a potential rental yield of 4.69%.
Troy Robinson and Daniel Wright of <a href="https://www.hockingstuart.com.au/?pagecall=property&amp;propertyID=2395063&amp;addBkmkPropertyID=2395063" target="_blank">Hocking Stuart</a> have the listing, with expressions of interest closing July 24.
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Chelsea's trophy 17 bedroom holiday home listing

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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[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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