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AC/DC bassist Clifford Williams has sold his West Village, New York condo.
And possibly for more than he bargained for.
The condo at 63 Downing Street appeared on the <a href="https://streeteasy.com/nyc/sale/870394-condo-63-downing-street-west-village-new-york" target="_blank">Streeteasy</a> website as listed at $US1.899 million, and now appears as sold for $US2.3 million through <a href="https://www.propertyobserver.com.au/https://www.corcoran.com/nyc/Listings/Display/2576046" target="_blank">Corcoran Group Real Estate</a>. No doubt the Curbed website will give us an update shortly as to the eventual selling price.
The second floor-renovated apartment (pictured below) includes two privates terrace and decorative French garden style wood trellises.
{yoogallery src=[images/stories/2013/07/july3downing]}
The bathrooms features Jerusalem marble tiles, a custom vanity and a marble bath. 
The kitchen boasts granite countertops, mosaic marble splash backs and custom designed cabinets.
It’s not known how much was spent renovating the property, but Williams purchased the property in July 2004 for $1.25 million.
Although the British-born Williams isn’t technically an Aussie, he joined the Aussie rock band AC/DC in 1977.
Since his introduction to the band, he’s since been inducted into the Australian Recording Industry Association’s Hall of Fame and The Rock and Roll Hall of Fame.
There's no reports of Williams purchasing any properties since his 2010 splurge on a $5.1 million mansion in south Fort Myers Florida.
Williams bought the seven-bedroom estate in the Gulf Harbour Yacht and Country Club from founder and former chairman of WCI Communities Inc Al Hoffman.
Hoffman was originally seeking a staggering $17 million for the house he built himself, but after failing to find a buyer and dropping the price several times, he decided on an absolute auction - meaning it would go to the highest bidder. 
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AC/DC bassist Clifford Williams sells New York condo

Filming for the seventh season of the reality show Selling Houses Australia will kick off this weekend in Kedron, seven kilometres north of the Brisbane CBD.

Selling Houses Australia is a renovation show that takes homes that are struggling to sell and transforms them into saleable beauties.

The 1920s seven-bedroom Queenslander&nbsp;is situated on 809 square metres at 25 Somerset Road.

[smartcode_project:default project_id=6515 project_image_fid=68834]

It was first listed in January for $750,000 and then dropped to $690,000, but still failed to attract a buyer.

It was purchased in 1985 for $62,000 and features original fretwork, traditional arches and French doors.

It will be open to the public on Saturday July 6 between 10am and 11am for the public to offer their opinions.

[smartcode_project:default project_id=97810 project_image_fid=159844]

&quot;It was kind of a bachelor pad for quite a few years and so the family touch has been forgotten,&quot; vendor Susan Ellis told The Courier Mail.

It served as a family home for almost 30 years, but after the passing of her husband, Ellis has chosen to sell.

&quot;The house has soul, but it needs to be brought back to life.

&quot;It would be quite distressing to see it deteriorate anymore,&quot; Ellis says.

[smartcode_project:default project_id=22057 project_image_fid=150837]

The property will be relisted for sale once the Selling Houses Australia team gives the property a facelift.

The team includes property expert Andrew Winter, interior designer Shaynna Blaze and landscaper Charlie Albone.

The Queensland property was first listed through Di Webb of Elders Real Estate Everton Park.

The median house price in <a href="/news">Kedron</a> is $510,000, according to RP Data.

Selling Houses Australia is produced by Beyond Productions on The LifeStyle Channel.

Andrew Winter's Selling Houses Australia kicks off filming in Kedron for series seven

A five-bedroom Victorian Italianate style mansion in Mosman was last week&rsquo;s most expensive sale, selling under the hammer for $3.725 million, according to RP Data.

The 1,056-square-metre circa 1888 Hamlet House sold on June 26 through Tim Foote of Belle Property Mosman. The residence was built for the government analyst, William Hamlet. According to Sands Directories the house was called Darrington&nbsp;in 1890, and then&nbsp;from 1902 it was named Bavington. William Mogford Hamlet, FIC, FCS, lived there until 1916.

The 1888&nbsp;Hamlet House&nbsp;boasts restored and maintained original features, including soaring ceilings, marble fireplaces and chandelier lighting. It has brown tuckpointed face brickwork laid in Flemish bond, with stucco quoining.

The property also includes a one-bedroom self-contained apartment with a bathroom and kitchenette.

Hamlet House last sold in 2008 for $3.01 million when listed with $3.5 plus hopes. It also sold for $2.7 million in 2001.

The median house price in <a href="/news">Mosman</a> is $2.08 million, down 9.6% annually.&nbsp;

New South Wales dominates the top 10 list this week, taking out nine of the 10 spots.

Top 10 most expensive sales

107 Shadforth Street, Mosman, NSW, 2088, five-bedroom house, sold on June 26 by Belle Property Mosman for $3.725 million

73 Albert Road, Strathfield, NSW, 2135, six-bedroom house, sold at auction on June 29 by Devine Real Estate Strathfield for $3.4 million

14 Dick Street, Henley, NSW, 2111, four-bedroom house, sold at auction on June 29 by McGrath Estate Agents for $3.3 million&nbsp;

1/132 Victoria Road, Bellevue Hill, NSW, 2023, three-bedroom unit, sold on June 27 by Real Estate Redefined for $2.4 million

8A/3 Campbell Parade, Bondi Beach, NSW, 2026, three-bedroom unit, sold at auction on June 29 by Ray White Double Bay for $2.4 million

5 Elvina Street, Dover Heights, NSW, 2030, four-bedroom house, sold on June 26 by BHR Estate Agents for $2.395 million

45 Dening Street, Drummoyne, NSW, 2047, four-bedroom house, sold at auction on June 29 by McGrath Estate Agents for $2.325 million

171 Boyce Road, Maroubra, NSW, 2035, four-bedroom house, sold at auction on June 29 by Ray White Kingsford for $2.1 million

41 Fisher Street, Balgowlah Heights, NSW, 2093, five-bedroom house, sold at auction on June 29 by Clarke &amp; Humel Property for $2.08 million

41 Electra Street, Williamstown, VIC, 3016, five-bedroom house, sold at auction on June 29 by Compton &amp; Green Real Estate for $1.901 million

Hamlet House, the Victorian Italianate style Mosman home trophy home sells as most expensive result: RP Data

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Property Observer is seeking an outstanding young journalist and digital native to join our Melbourne editorial team as website producer.
You will be responsible for uploading content to the Property Observer website, adding value and attracting readers to our content, overseeing our daily newsletter, producing multi-media content, managing SEO and other editorial production tasks.
Specific experience/skills required
<ul>
<li>Experience in content management systems (Joomla preferred)</li>
<li>Adobe Photoshop experience essential</li>
<li>The ability to write sharp copy, particularly must-click-on headlines</li>
<li>Can spot a typo?and potential defamation?at first glance</li>
<li>Understand how search engines work?—?and how to push our content to the top</li>
<li>The ability to nail the perfect tweet</li>
<li>An excellent grasp of social media platforms</li>
<li>Must be able to develop rich media content</li>
<li>Can manage a network of independent contributors</li>
</ul>
You will also work in conjunction with designers, IT and marketing teams to manage website development tasks.
A passion or curiosity for real estate is an advantage.
If you are interested, please email the managing editor Jonathan Chancellor at <a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Property Observer seeks a production editor

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Scheduled auctions continue to dwindle as we enter into the second month of winter, with 944 auctions scheduled across the capital cities this week, according to RP Data.
Auction volumes have decreased from the revised 1,548 auctions that took place last week and 1,655 the previous week.
The auction clearance rate was slightly up last week at 68.7% from 66% the previous week.
At the same time last year, the clearance rate was substantially lower at 50.8% but there were 1,256 auctions.
Melbourne has 423 scheduled auctions this week, substantially less that the revised figure of 705 auctions last week and 820 the previous week.
The Melbourne preliminary auction clearance rate was recorded at 71.2% last week, up from 68.1% the week prior.
There were slight more scheduled auctions in Melbourne this time last year at 544, however the clearance rate was much lower at 57.8%.
Sydney has 329 scheduled auctions this week, less than the revised figure of 588 auctions last week and 593 auctions the previous week.
The Sydney clearance rate increased slightly last week to 72.8% from 71.9% the week before.
At the same time last year, there were more scheduled auctions in Sydney at 493 however like Melbourne, the clearance rate was substantially lower at 50.3%.
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Scheduled auctions continue to dwindle but clearance rates still strong: RP Data

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On this week’s episode of Purchase or Pass, general manager of Realestate.com.au Arthur Charlaftis joins Chris Gray to discuss what happens to your investment decision, which may have parking, but may not.
It’s a <a target="_blank" href="https://www.realestate.com.au/property-unit-nsw-maroubra-113105583">three-bedroom unit</a> in a small block of four units, 11.1 kilometres from the Sydney CBD and less than 100 metres to the beach. It’s in a small recently refurbished Art Deco block of four units. The property itself is beautifully presented and is a large 114-square metre semi sized garden apartment. There are DA approved plans for garaging and a garden area to be added to the existing title, but there is a disagreement within the strata and so they have blocked the plans.
{qtube vid:=srHAYEoctAI&amp;feature=youtu.be}
Chris Gray: So, to start with, before we get into the parking issue, what are your main thoughts on that type of apartment?
Arthur Charlaftis: It’s a great property in terms of location and it seems like it’s a quiet street and it’s a small block. You kind of expect to not have too many issues with getting a resolution on adding parking.
Chris Gray: Exactly, and it looks as though the strata is actually looking after the building, so that building shot right there, it looks as though it’s pretty well maintained. Especially around the ocean, with all this sort of salt and concrete cancer and that kind of stuff. I guess the major negative we’re talking about here is the disagreement. Having DA approval, you guys call it something different in Melbourne don’t you?
Arthur Charlaftis: Yeah, we call it a planning permit.
Chris Gray: So basically they’ve gone to council, they’ve got planning permission for it, but then suddenly you need strata approval as well. Without it, you can’t do anything can you?
Arthur Charlaftis: Yeah and I think if you look at this, we’re talking about a three-bedroom unit and we’re also talking about a busy location, so parking becomes pretty important and I think it will also implicate capital growth in terms of the value of that asset going forward.
Chris Gray: The reason we brought it up this week is I’ve actually never come across this before, because normally when you go through strata’s, quite often we try to get a lot of strata’s to change the plans, is you get approval from the strata to say right, can I do something on this land? Then you go and get approval from the council, but obviously something’s gone wrong.
Arthur Charlaftis: Yeah, this is unusual so I don’t know whether they started off that way, then the cost of the development has gone beyond what they originally expected or maybe through that planning permit they had to make amendments to the plan, which then affects the commitment of wanting to actually make the change.
Chris Gray: Again, this is the difference between I guess average people going to buy units and professionals buying it, it’s always in the detail. So you can read the real estate ad that says DA approved for parking, which is factually correct but you have to go an extra step and ask the extra questions, which hopefully this lister would be doing. Purchase or Pass on this one for you?
Arthur Charlaftis: Pass, because I think there is a big risk in the parking not being done but also the fact, if you’ve only got four people there and you can’t get an agreement on an issue like that, which seems pretty obvious.
Chris Gray: For me as well, to invest almost $1 million in a property with no guarantee of parking is a very hard call, as no parking will stunt its capital growth into the future. So I would be meeting with the other owners before purchasing, and even with their positive assurance I’d find it pretty hard to buy. So I’m going to pass, until it has all been officially approved.
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Purchase or Pass? Parking space DA approved but not strata approved in Maroubra

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House Rules South Australian team Carly and Leighton have taken out the top prize of the renovation show, with their $450,000 mortgage wiped clean.
The public vote saved Channel Seven $179,000 after Michelle and Steve from New South Wales were announced runners up with their $629,000 mortgage – the biggest mortgage on the show.
Michelle and Steve don’t walk away empty handed though, with their newly renovated home to be potentially worth $180,000 to $225,000 more.
The House Rules grand final announcement had an impressive rating of 1.837 million, with the lead up to the announcement attracting 1.53 million viewers, according to OzTAM five city metro ratings.
The House Rules grand final lead up was the second most watched show on television last night, with the winner announcement taking out the top spot.
The new reality show has come a long way since its <a href="/news">launch night</a>, which attracted 803,000 viewers nationally and then slipped to 687,000 by the end of the first week.
Towards the end of the series, House Rules started to overtake its Channel Nine competitor The Block Sky High in ratings.
The Block Sky High rated 1.227 million last night and slotted in behind Nine News and Seven News.
Sunday night ratings saw The Block Sky High back in the lead with 1.503 million viewers nationally.
The episode revealed the foyer and laundry room makeovers, with South Australian twins Alisa and Lysandra taking home their third win.
The House Rules semi-final slotted into fifth place on Sunday night with a rating of 1.365 million.
The House Rules Victorian team Chris and Nick have also come away winners, <a href="https://www.propertyobserver.com.au/news/house-rules-chris-and-nick-could-secure-the-highest-potential-reno-windfall/2013062762733" target="_blank">potentially benefiting the second most from the renovation reality show if they were to sell their Preston home</a> in the current market.
Property Observer followed House Rules on its six week journey, you can read other stories <a href="?option=com_googlesearch_cse&amp;q=house%20rules" target="_blank">here</a>.
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Carly and Leighton crowned House Rules winners with $450,000 Adelaide mortgage wiped clean

A six-bedroom family retreat in Sale is on the market for $830,000.

Situated on 9.3 hectares, the Gibsons Road property was designed by Toorak architect Dale Fisher Jnr.

The property features an open plan granite kitchen, in ground wine cellar and five bathrooms.

The home is surrounded by decking and boasts a large north facing deck with a pizza oven.

A separate two-bedroom, two-bathroom flat is also located on the property.

The home also includes a tennis court, orchard and a dam suitable for swimming.

The property was first listed in September 2010 for $1.2 million and was relisted in early 2011 for $995,000.

The median house price in Sale is $279,000, according to RP Data,&nbsp;with the average discount required to sell a house is 7.7%, while private treaty sales spend an average of 113 days on market.

Sale is located 212 km from Melbourne&rsquo;s CBD. It is accessible by car or by train, with Sale railway station serving the town, via the Bairnsdale V/Line rail service.

According to the 2011 Census, Sale has a population of 14,259. The median age of people in Sale is 38 years, with children under 14 making up 20% of the population, indicating there are a number of young families living there.

The median asking rent for houses in Sale is $275 per week, while average rental yield is 5.1%.

with additional research by Diane Leow.

<div class="ljhooker-address">&nbsp;</div>

Dale Fisher Jr-designed family retreat for sale in Sale

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Jardin Parkville, the latest stage of the apartment precinct of the master-planned community within Parkville Gardens, successfully sold 23 out of 91 apartments last month.
Located only four kilometres from the Melbourne CBD, Jardin Parkville consists of 91 apartments across two buildings.
Designed by SJB Architects, the development is the latest project between Citta Property Group and Australand.
One-bedroom apartments start from $370,000 and are 50 square metres.
Two-bedroom apartments start from $470,000 and range in size from 68 square metres to 73 square metres.
Three-bedroom apartments start from $680,000 and are 89 square metres.
Residents will also have exclusive access to the Park Club, which features a 25-metre indoor lap pool and gymnasium.
The previous stage, <a href="https://www.propertyobserver.com.au/developments/the-green-parkville-almost-a-third-sold-since-september-launch/2012112157229" target="_blank">The Green at Parkville</a> (pictured below) is completely sold out.
<img src="/images/stories/2012/11/thegreen3.jpg">
The <a href="/news">Parkville</a> development site was a former psychiatric hospital that later became the athlete’s village for the 2006 Commonwealth Games.
The Parkville Gardens project was marketed as a modern housing development with the aim of being an integrated, social inclusive community.
The 20-hectare development included the retention and refurbishment of 11 heritage buildings and the capacity for approximately 1,000 dwellings.
Jardin Parkville has an expected completion date of late 2015.
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Jardin Parkville the latest to launch within the Parkville master-planned community

The Chenchow Little-designed house in Palm Beach has been sold.

It apparently fetched a tad&nbsp;less than its $2.85 million asking price.

The property passed in at its late February auction and&nbsp;then relisted with its&nbsp;$2.85 million asking price.

Property Observer reported on its <a href="https://www.propertyobserver.com.au/new-south-wales/chenchow-little-designed-hill-house-palm-beach-listed/2012083056320" target="_blank">first listing</a> in August last year and it&rsquo;s <a href="https://www.propertyobserver.com.au/new-south-wales/chechow-little-designed-palm-beach-house-seeks-%24285m/2013040460014" target="_blank">relisting</a>.

Located on Bynya Road, The Hill House was one of four properties to receive The New House award at the 2013 Residential Architecture Awards in Sydney last week.

The award means The Hill House now qualifies for the final shortlist for best new Australian house in November.

The Hill House boasts clean double-brick and steel beam construction and travertine floors.

It features a double-height reception room and a living/dining room with floor-to-ceiling glass windows.

The four bedrooms each come with their own ensuites and a private courtyard.

Outside includes a covered terrace and a large freestanding swimming pool.

The <a href="/news">Palm Beach</a> property is surrounded by native shrubbery that has been designed by Spirit Level Design.

It was sold through <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-112759343" target="_blank">Peter Robinson of LJ Hooker Palm Beach</a>.

Chenchow Little-designed Palm Beach trophy house sells

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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