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There are 305 scheduled weekend auctions across Sydney this weekend, up from last weekend’s 289, according to Australian Property Monitors.

The numbers are even higher than the 262 auctioned over the same weekend a year ago. 

Sydney’s south will be the busiest region with 59 scheduled auctions including five in Sans Souci and Bexley.

The inner west has quitened down a little with 43 auctions scheduled, compared to the 62 properties last weekend.

The city and east has 34 auctions scheduled with the upper north shore having 27.

Hurtsville with seven auctions is the busiest suburb this weekend, followed by six in Surry Hills.

Last weekend’s strong auction clearance rate in Sydney was 77.5%, almost identical to the previous week at 77.4%, the APM senior economist Dr Andrew Wilson noted.

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Sydney’s south will be Sydney's busiest weekend auction region

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Scheduled auctions for this week are almost on par with the same time last year, with 904 auctions scheduled across the capital cities, according to RP Data.
At the same time last year, there were 875 auctions.
The chillier weather saw a revised figure of 999 auctions held last week, down from 1,572 the previous week.
The clearance rate also dropped slightly from 66.9% the previous week to 65.3% last week.
At the same time last year the clearance rate was substantially lower at 47.3%.
Scheduled auctions in Melbourne dropped slightly to 391 this week, down from a revised figure of 445 auctions last week and 719 the previous week.
Melbourne’s clearance rate dropped to 65.9% last week, down from 71.1% the week prior.
At the same time last year the clearance rate was 46.8% and there were 403 auctions.
There are 346 scheduled auctions in Sydney this week, slightly down from the revised figure of 353 last week and 594 auctions the previous week.
However, the clearance rate increased last week to 74.5%, up from 69.1% the previous week.
At the same time last year there were 282 auctions and a clearance rate of 56.8%.
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Winter auctions on track with last year: RP Data

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Interior designer and judge on The Block, Darren Palmer, has sold his Potts Point investment apartment for $540,000.
The property (pictured below) was <a href="/news">listed in May with $550,000 hopes</a>.
{yoogallery src=[images/stories/2013/05/may20palmerone]}
Palmer bought the fifth floor art deco Cahors apartment in 2007 for $360,000, thereby reflecting overall 7% annual price growth. It's not known how much was spent on the apartment fitout but its renovation included the removal of two walls, installing nib walls and a new kitchen and new bathroom.
It is currently rented for $520 a week, reflecting a rental yield of 5.01%.
The 1938 building (pictured below) has 72 units above its pale-blue-tiled entrance and opulent foyer designed by Joseland &amp; Gilling.
{yoogallery src=[images/stories/2013/05/may20palmertwo]}
The common area has Opera House and Harbour Bridge views.
It was sold by Matthew Nicastri of <a href="https://laing.com.au/872238/" target="_blank">Laing Real Estate</a> who had it listed inconjunction with colleague Anthony Birdsall.
The median apartment price in <a href="/news">Potts Point</a> is $422,500, a 9% growth in the past five years, according to RP Data.
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Designer Darren Palmer sells Potts Point trophy apartment

With the forthcoming auction of The Block apartments on Park Street in South Melbourne, Property Observer looks at competing apartments on the market in the same price category.

The Block Park Street complex comprises of five apartments, each featuring three bedrooms, four bathrooms and two car spaces. There is also the ground floor apartment.

The Block buyers will also have access to a resident&rsquo;s rooftop featuring an outdoor cinema and a BBQ area.

The price guide for some apartments start at <a href="/news">$1.2 million plus</a>, however the show had previously signalled $1.5 million to $2 million hopes for the apartments, if you believe Keith, the foreman.

For those looking to buy comparable South Melbourne apartment face few options - and they tend to be off the plan offerings.

Potential purchasers looking for comparables will no doubt look at a three-bedroom, two-bathroom penthouse in the Sunday Apartment building.

Located at 65 Coventry Street, the 129-square-metre penthouse (pictured below) is listed for $1.3 million plus

The Coventry Street apartment also includes two car spaces, two balconies, Miele appliances and a communal pool, spa, BBQ area and garden courtyard.

The Sunday Apartment building is currently under construction but nearing completion.

A three-bedroom, two-bathroom apartment at 50 Albert Road South Melbourne is available to buy off-the-plan for $1.75 million.

Located on level 20, the apartment&nbsp;features an entertainer&rsquo;s kitchen, 900 Miele appliances and two integrated fridges.

The apartment also features two private balconies and two car spaces.

The complex features a resident&rsquo;s rooftop, two spas, a BBQ area and a function lounge.

Developed by Hamton and designed by Elenberg Fraser, Fifty Albert has an expected completion date of mid 2013.

The median apartment price in South Melbourne is $522,000, a 15.1% growth in the past five years, according to RP Data.&nbsp;

The median rent is $510.

The Block apartments will go under the hammer on July 27.

South Melbourne trophy apartments competing with The Block Sky High

Architect Robert Burnham is selling his Victorian cottage in Brighton.

Burnham purchased the former workers cottage around 14 years ago for $215,000.

It is currently listed with a $1.35 million plus price guide.

Located &nbsp;at 14 Loller Street, the property features three bedrooms, a modern chef&rsquo;s kitchen with Ilve appliances and marble detailing and timber in the bathroom.&nbsp;

The property also boasts a landscaped courtyard and a separate guesthouse.

Burnham says the cottage was a complete &quot;dump&quot; when he purchased it and has built it into a home that oozes &quot;charm and character&quot;.

Burnham moved out of the terrace 12 months ago and says it&#39;s the perfect entry point into the Brighton market.

The median house price in <a href="/news">Brighton</a> is $1,660,000, according to RP Data.

Architect Robert Burnham lists trophy Brighton cottage

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The final stage of the popular bayside development Central Park in Cheltenham will be released this weekend, as townhouses are proving to be the next generation in Australian family living.
Located at 100 Cavanagh Street, Cheltenham, Central Park (pictured below) offers a range of six different contemporary home styles, all named after flowers.
Property Observer <a target="_blank" href="https://www.propertyobserver.com.au/developments/cheltenham-moving-towards-apartments-and-townhouses-with-no-9-and-central-park/2012112957128/Page-2">reported</a> on the R.Corporation development in November last year, with stages one, two and three completely selling out.
The final stage will consist of two and three bedroom townhouses priced from $499,500 and will be launched over a winter garden party with mulled wine and crepes on Saturday July 13.
Eight townhouses are already reserved by registered clients, with more expected on the day.
“We are thrilled with the success of Central Park and look forward to our first residents moving in later this year,” says Rohan Ames of R.Corporation.
“The outstanding response is due to the quality of the designer townhouses within the bayside locale and at an attainable price,” says Ames.
The median house price in <a target="_blank" href="/news">Cheltenham</a> is $600,000, a 14.3% increase in the past five years, according to RP Data.
The demand for townhouses comes as the traditional family block of land is becoming smaller, according to findings from the National Land Survey Program, which monitors the performance of the new house and land market across Australia.
“These smaller lots are now priced $21,000 higher than what they were three years ago,” says director of ResearchFour Colin Keane.
“Most families buying on Melbourne’s outer fringe are travelling 15 kilometres further to secure a block of land that is only 70 square metres bigger, at a price point which is similar to a new well designed townhouse from where they came,” says Keane.
Clara in South Yarra was R.Corporations first generation of townhouses and the second generation saw the rise of Park Terraces in North Melbourne and Central Park in Cheltenham.
R.Corporation’s <a target="_blank" href="https://www.propertyobserver.com.au/news/with-paul-bangay-gardens-rcorporation-woos-buyers-at-the-grove-at-maidstone/2013032560030">The Grove in Maidstone</a>, specifically the Jasmine townhouse, is the third generation of townhouses to come from the developers, with a floor plan that can easily adapt to changing needs and lifestyle impacts.
Located on Crefden Street, The Grove townhouses will be three-storey with two bedrooms, two bathrooms and feature a balcony and front landscaped garden by <a target="_blank" href="https://www.propertyobserver.com.au/victoria/brighton-estate-woodlands-with-paul-bangay-gardens-returns-to-the-market-on-third-try-title-tattle/2012022153493">Paul Bangay</a>.
Buyers will have the choice of two different designs – Jasmine and Lily – with the Lily design starting from $450,000 and the Jasmine design starting from $480,000.
Stages one and two have completely sold out since launching in March, with the third stage being released this weekend.
The median house price in <a target="_blank" href="/news">Maidstone</a> is $485,000, a 15.5% increase in the past five years, according to RP Data.
Guests at the winter garden party for Central Park will also have the chance to win a weekend for two to Paul Bangay’s brand new bed and breakfast Stonefields in <a target="_blank" href="/news">Denver</a>.
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Melbourne suburban townhouses proving popular as the next generation in family living

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Marketing for Matt and Kim’s apartment on The Block Sky High kicked off last night.
Matt and Kim tweeted late last night that their apartment had officially been listed on <a href="https://www.realestate.com.au/property-apartment-vic-south+melbourne-114301027" target="_self">realestate.com.au</a>.
After some difficulties with the links, it was live this morning.
The listing says the apartment features “professional craftsmanship, exacting standards and the highest quality of materials, appliances, furniture and finishes together with superlative design to create an opulent home and entertainment paradise.”
It is only 16 days until all five apartments go under the hammer on July 27.
Listing agent Kent Morgan said he had the listing for some time, but wanted to wait until last minute to kick off the marketing campaign with a “save the best to last approach.”
The <a target="_blank" href="https://www.propertyobserver.com.au/news/matt-and-kim-s-auction-sign-finally-goes-up-at-the-block-sky-high/2013071063137">couples signboard was the last to go up </a>on Wednesday morning.
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Matt and Kim go online with The Block Sky High South Melbourne listing

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The old Carlton police station at 334-344 Drummond Street has sold for $3,641,000.
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 making the occasional visit back in his heyday. Taylor is the subject of the upcoming Underbelly series on Channel 9.
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 <a href="https://www.jelliscraig.com.au/property/CARLTON-334-344-Drummond-Street/5395129/#.UcumruBAt6o" target="_blank">Simon Shrimpton of Jellis Craig</a>.
"This impressive heritage listed complex with bluestone cellblock and Pinkys Lane rear access was once character-filled from Squizzy Taylor to gangland identities, and now awaits transformation from underbelly to uber-stylish," he said.
Shrimpton says the purchaser is looking to renovate and rework the Drummond Street site.
Property Observer <a href="https://www.propertyobserver.com.au/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.
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Squizzy Taylor's Carlton lockup sold for $3,641,000

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A renovated town residence in St Kilda West has sold under the hammer for $1.1 million.
Located at 278 Canterbury Road St Kilda West (pictured below), the property sold above its listed price guide of $980,000 to $1.05 million.
<img src="/images/stories/2013/07/stkildawestjuly11one.jpg" width="470" height="285" alt="stkildawestjuly11one">
Situated on 136 square metres, the home features four bedrooms and two bathrooms.
Surrounded by park aspects and within walking distance to Albert Park, the home boasts a Zen-inspired colour palette. 
The home was listed through <a target="_blank" href="https://greghockingrealestate.com.au/promotion/278-canterbury-road-st-kilda-west/">Brett Hallam and Warwick Gardiner of Greg Hocking Holdsworth</a>.
The median house price in <a href="/news">St Kilda West</a> is $1,225,000, according to RP Data.
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Renovated St Kilda West townhouse sells at auction 

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With only 17 days until the hammer falls on The Block Sky High apartments, Matt and Kim's marketing campaign will kick off today with a "saving the best to last" approach.
All five apartments in the Park Street South Melbourne apartment complex will go to auction on July 27.
<img height="353" width="470" src="/images/stories/2013/07/mattandkimjuly10one.jpg" alt="mattandkimjuly10one">
Word amongst other listing agents for the show was that Matt and Kim were slow to secure an agent and get the marketing campaign underway, although the Sydney-based Cooley Auctions confirmed to Property Observer that the agents name was Kent Morgan - the signboard was erected this morning.
"We wanted to save the best to last, a quality and stylish entrance," says Morgan.
The designated website doesn't appear active yet, with Morgan saying that too, is launching today.
Morgan has had the listing for sometime, but wanted to cause a flurry by launching the campaign close to the first public open for inspection this weekend.
Morgan says apartment 201 has received a great deal of interest, due to high quality finishes, materials and original furniture. 
He says it has appealed to empty nesters and professionals who like stylish living and entertaining.
Morgan is familiar with  The Block as he sold the <a target="_blank" href="/news" style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;">challenge house</a> for the 2012 Dorcas Street terrace series of The Block when he worked with Frank Gordon Port Melbourne.
He also listed the <a target="_blank" href="/news">four unrenovated Dorcas Street terraces</a> and <a target="_blank" href="https://www.propertyobserver.com.au/auctions/rootop-study-v-bar-four-bedrooms-v-three-dorcas-street-block-floorplans-indicate-the-auction-battlelines/2012060154945">Dan and Dani's South Melbourne terrace</a>.
The Western Australian couple has enlisted Damien Cooley of Cooley Auctions to perform the auction.
It will mark the fourth time Cooley Auctions has starred on Channel Nine’s TV series The Block.
“After watching Damien Cooley perform the winning auction on The Block All Stars we knew we had to have him as our auctioneer,” says Matt.
“Damien clearly has a natural ability to communicate with buyers and get a great price, so not wanting to miss out we made enquiries early and secured his services.”
Matt and Kim tweeted on June 10 that their apartment was <a target="_blank" href="https://www.propertyobserver.com.au/residential/matt-and-kim-go-online-with-the-block-sky-high-south-melbourne-listing/2013071163169">officially listed on realestate.com.au</a>.
Adelaide twins Alisa and Lysandra were first off the bat to secure a listing with <a target="_blank" href="/news">Anton Wongtrakun and Rochelle Wilson of Dingle Partners</a> on June 21. They actually had the agent involved in the planning and design process from the earliest of weeks.
A $1.2 million plus price guide has been advised by <a target="_blank" href="https://www.thehomepage.com.au/news/the-twins-apartment-from-the-block-sky-high-listed/">thehomepage</a>.
Trixie and Johnno were next up, securing a <a target="_blank" href="https://www.propertyobserver.com.au/news/the-block-trophy-penthouse-listed-for-%2413-million-plus/2013062762725">listing with Hocking Stuart </a>for the fifth floor penthouse apartment. 
Listing agents Kendall Bares and David Wood offered a $1.3 million plus price guide.
Madi and Jarrod’s fourth floor apartment kicked off marketing last week with <a target="_blank" href="https://www.propertyobserver.com.au/news/the-block-madi-and-jarrod-s-apartment-attracting-strong-interest/2013070362951">Biggin and Scott Richmond</a>.
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Matt and Kim's auction sign finally goes up at The Block Sky High

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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