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A boutique thoroughbred stud property in the Glass House Mountains has been listed for sale with a price guide of $3 million-plus.
Situated on 13.9 hectares, Serenity boasts a six-bedroom home with six bathrooms, a stand-alone teppanyaki grill, wine cellar and bar.
The thoroughbred stud property includes six paddocks with day shelters, spelling yards and day yards, a concrete block stable featuring 10 stables, a vet crush, a horse mechanical walker and an enclosed round yard.
The concrete block stable also includes an office, kitchenette and bathroom.
Situated adjacent to the stable is the staff accommodation, made up of three bedrooms, one bath and a one-bedroom granny flat.
Serenity also features a swimming pool and two dams.
The current vendors built the property around six years ago.
The property is listed through Greg Young of <a target="_blank" href="https://www.henzellsmooloolaba.com.au/pol/property/search.asp?f_propertyID=1982129&amp;xsl=4462&amp;f_st=1&amp;f_ct=1,3,4&amp;f_ps=2">Henzells Mooloolaba</a>, with expression of interest closing June 27.
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Thoroughbred stud property Serenity in Glass House Mountains seeks $3 million-plus

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The latest project to arrive in Sydney’s Lewisham is the Alpha Apartment complex, boasting 68 apartments across five levels.
Located on the corner of McGill Street and Canterbury Road, the property features one-, two- and three-bedroom apartments and has been designed by Tony Owen Architects.
<a target="_blank" href="https://www.tgc.com.au/residential/projects/20-McGill-St-Lewisham-11">Alpha</a> (pictured below) will take advantage of the inner west light rail extension and offer residents quick and easy transport with the Lewisham West light rail stop at its doorstep.
<img alt="lewishammay15one" src="/images/stories/2013/05/lewishammay15one.jpg" width="470" height="262">
<img alt="lewishammay15two" src="/images/stories/2013/05/lewishammay15two.jpg" width="470" height="235">
One-bedroom apartments range in size from 50 square metres to 94 square metres and are priced from $475,000.
Two-bedroom apartments range in size from 65 square metres to 91 square metres and start from $640,000.
Two- and three-bedroom skyhomes range in size from 72 square metres to 126 square metres and start from $710,000.
 
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<img alt="lewishammay15three" src="/images/stories/2013/05/lewishammay15three.jpg" width="470" height="310">
Although the official marketing campaign is yet to kick off, Jean-Paul Markopoulos of TGC Residential Projects says there are some eager owner-occupier buyers registering.
There are currently 15 apartments reserved, pending a contract.
<img alt="lewishamjune12one" src="/images/stories/2013/06/lewishamjune12one.jpg" width="470" height="325">
Markopoulos says interest has been particularly strong for the larger two-bedroom apartments and sky-homes.
“We are confident that when we kick off, we will sell 70% fairly quickly,” says Markopoulos.
The median unit price in Lewisham has experienced a 13% growth over the past year and is currently $475,000 according to RP Data.
Alpha has an expected completion date of 2015.
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Alpha the latest project to hit Sydney's Lewisham

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A five-bedroom tropical oasis designed by Stephen Kidd is on the market with a price guide around $3 million.
Located on Belmore Terrace in Sunshine Beach, the 524-square-metre property features travertine limestone tiles, New Guinea rosewood floors and pivoting entrance doors.
The tropical courtyard boasts Lord Howe Island Kentia Palms and a glass roof runs through the core of the house.
The home also features floor to ceiling glass windows, four bathrooms and an outdoor entertainers area with an inbuilt barbeque.
An outdoor swimming pool is also included and a beach shower is located within the garden.
The Kidd-designed home was built in 2011 after the allotment was purchased in February 2008 for $1.4 million.
It is currently listed through Mike Hay and David Conolly of <a target="_blank" href="https://www.century21.com.au/property/180788/">Century 21 Conolly Hay Group Noosa Heads.</a>
The median house price in <a target="_blank" href="/news">Sunshine Beach</a> is $720,000 according to RP Data.
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Stephen Kidd-designed tropical oasis trophy home seeks $3 million

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Hobart houses and units continue to spend the most time on the market, according to an RP Data report for the week ending June 9.
Hobart houses spend an average of 74 days on the market and offer the largest average vendor discount of 13.2%.
Hobart units spend an average of 103 days on the market and offer an average vendor discount of 11.1%.
Sydney houses spend the least amount of time on the market – an average of 35 days – and Sydney units only spend an average of 33 days on the market.
<img alt="rpdatatimeonmarketjune12one" src="/images/stories/2013/06/rpdatatimeonmarketjune12one.gif" width="470" height="318">
<img alt="rpdatatimeonmarketjune12two" src="/images/stories/2013/06/rpdatatimeonmarketjune12two.gif" width="470" height="422">
<img alt="rpdatatimeonmarketjune12three" src="/images/stories/2013/06/rpdatatimeonmarketjune12three.gif" width="470" height="427">
‘Time on market’ (TOM) is simply the average number of days between when a property is first listed for sale and the contract date.
The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price.
The statistics are calculated across results received by rpdata over the past week and include properties transacted over the past four weeks.
The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis. The analysis also excludes results where there are less than 10 observations.
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Hobart houses and units continue to linger on the market: RP Data

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Western Australia and Tasmania have led the states in the latest new listings activity figures published by RP Data for the week ending June 9. 
Western Australia recorded a 2.4% month-on-month (seasonally adjusted) increase in listings, while Tasmania had a 0.5% increase.
<img height="250" width="470" src="/images/stories/2013/06/rpdatanewlistingsjune12one.gif" alt="rpdatanewlistingsjune12one">
<img height="205" width="470" src="/images/stories/2013/06/rpdatalistingsjune3two.gif" alt="rpdatalistingsjune3two">
The RP Data listings index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market.
RP Data customers account for over 70% of all listings in the Australian property market.
The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.
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WA and Tasmania lead new residential listings activity: RP Data 

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A dual level shop and residence on Great North Road on Abbotsford has been listed for sale for $1 million plus.
The 187-square-metre property features a self-contained upper level apartment with two bedrooms and a Caesarstone kitchen with stainless steel appliances.
The apartment also features a balcony with water and mountain views.
The property is zoned R2 as the lower level features a shop space including a large showroom, kitchenette and high pedestrian visibility.
The property last sold in May 2006 for $670,000.
It will go under the hammer on Saturday July 6 through Jennifer Aaron of <a href="https://www.jenniferaaron.com.au/residential-sales/107380-449-great-north-road" target="_blank">Jennifer Aaron Real Estate.</a>
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Dual level residence with shop possibility in Abbotsford seeks $1 million plus

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House Rules fell short last night but went close to knocking The Block Sky High off its ratings mantle.
With its whole house reveal episode in Adelaide, House Rules on Channel Seven slotted into sixth place with 1.365 million viewers tuning in, according to OzTAM.
It was South Australian couple Carly and Leighton's turn to see their renovated home for the first time.
The master bedroom was the worst scored room, receiving only a four out of 10 by owner couple Carly and Leighton due to an unfinished paint job and the downsizing of a king size bed.
Channel Nine's The Block Sky High ratings had a 1.466 million Monday night audience; an impressive feat considering their reveal night is Sunday when they had a 1.3 million audience. Sky High was up against the new Australian drama on Channel Ten Reef Doctors which has been shifted to Friday nights following a dismal launch of just 357,000.
<div>
The Block Sky High's Madi and Jarrod, the New South Wales couple, scored a near-perfect 29-and-a-half out of 30 to pip West Australia's Matt and Kim by half a point on the Sky High judging when the teams had to renovate and decorate a spare bedroom and ensuite bathroom.
</div>
Melbourne continues to tune in the most, with House Rules rating 334,000 and The Block Sky High rating 543,000 on Monday.
The Voice semi finals – also on Channel Nine - took out the night with a rating of 1.747 million.
Nine News, A Current Affair and Seven News followed, with The Block Sky High ranking fifth.
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House Rules knocking on the door of The Block Sky High

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Woollahra pipped Paddington for the second most expensive sale for the week ending June 9.
It was a three-bedroom house in John Street that sold at auction on June 8 for $3.015 million with at least three bidding parties.
It had been listed with $2.8 million to $3 million hopes.
The John Street property is designed by interior architect David Swan and features double height ceilings, floor to ceiling glass and a sandstone terrace.
Located on 240 square metres, the property also includes a pool.
It last sold in March 1992 for $910,000.
The home was listed through John Anderson and Rohan Aalders of Di Jones Real Estate inconjunction with John Knott of Laing &amp; Simmons Woollahra.
The most expensive sale was a <a href="/news">four-bedroom riverfront home overlooking Hen and Chicken Bay</a> that sold at auction for $4.155 million.
Ten most expensive sales
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/47_abbotsford_parade_abbotsford_nsw_2046/7923850" target="_blank">47 Abbotsford Parade, Abbotsford, NSW, 2046</a>, four-bedroom house, sold at auction on June 8 by McGrath Estate Agents for $4.155 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/88_john_street_woollahra_nsw_2025/7738551" target="_blank">88 John Street, Woollahra, NSW, 2025</a>, three-bedroom house, sold at auction on June 8 by Di Jones Real Estate for $3.015 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_sutherland_avenue_paddington_nsw_2021/5275377" target="_blank">9 Sutherland Avenue, Paddington, NSW, 2021</a>, four-bedroom house, sold at auction on June 4 by Di Jones Real Estate for $2.855 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/12_belmore_street_rozelle_nsw_2039/5980484" target="_blank">12 Belmore Street, Rozelle, NSW, 2039</a>, four-bedroom house, sold on June 7 by BresicWhitney Estate Agents Darlinghurst for $2.1 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/41/56_pirrama_road_pyrmont_nsw_2009/14302487" target="_blank">41/56 Pirrama Road, Pyrmont, NSW, 2009</a>, three-bedroom unit, sold on June 4 by Wilson Property Agents Sydney City for $1.995 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/9_alexander_road_dalkeith_wa_6009/11972115" target="_blank">9 Alexander Road, Dalkeith, WA, 6009</a>, five-bedroom house, sold on June 6 by SFR Property Professionals East Perth for $1.9 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_the_esplanade_flinders_vic_3929/10996707" target="_blank">24 The Esplanade, Flinders, VIC, 3929</a>, four-bedroom house, sold at auction on June 8 by Abercromby's Real Estate for $1.9 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/2_gwydir_avenue_matraville_nsw_2036/4137351" target="_blank">2 Gwydir Avenue, Matraville, NSW, 2036,</a> five-bedroom house, sold on June 5 by Black Lifestyle Property Randwick for $1.775 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10/100_bay_road_waverton_nsw_2060/7376782" target="_blank">10/100 Bay Road, Waverton, NSW, 2060</a>, three-bedroom unit, sold prior to auction on June 8 by McGrath Estate Agents for $1.65 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4/17_calais_road_wamberal_nsw_2260/7254073" target="_blank">4/17 Calais Road, Wamberal, NSW, 2260</a>, three-bedroom unit, sold at auction on June 8 by McGrath Estate Agents for $1.6 million
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Woollahra mansion pips Paddington terrace for second behind Hen & Chicken Bay most expensive: RP Data

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As we farewell the public holiday, scheduled auction volumes are back to normal with 1,700 scheduled across the capital cities this coming week, according to RP Data. 
There were only 763 auctions last week, compared to 1,845 the previous week, with RP Data contributing the volume of auctions last week to the long weekend.
All states bar Perth had a long weekend.
The clearance rate decreased from 72.2% the previous week to 62.6% last week.
At the same time last year, there were 629 auctions with a clearance rate of 42%.
Melbourne auction volumes decreased dramatically last week to a revised figure of 196, compared to 867 auctions the previous week.
Melbourne’s clearance rate also dropped to a preliminary rate of 70%, down from 79.7% the previous week.
At the same time last year, Melbourne held 157 auctions and had a clearance rate of 38.6%,
For a change, Sydney held more auctions last week than Melbourne, with a revised figure of 381 and a clearance rate of 67.7%.
Sydney held 639 auctions the previous week with a higher clearance rate of 75.2%.
At the same time last year, Sydney held 278 auctions and had a clearance rate of 49.8%.
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Scheduled auctions back to normal as we wave goodbye to the Queen's Birthday: RP Data

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Retro kitchens are proving to be a hit with Queensland property hunters, with a 1950s home in Tarragindi being snappily sold recently for $534,000.
The home (pictured above) retains many original features including built-in cabinetry and high ceilings with decorative cornering, but the stand out room is the mint green kitchen. 
Situated on 607 square metres, the three-bedroom home was purchased in 1984 for $76,000.
<a href="https://www.remax.com.au/DisplayProperty.asp?guid=%7bA2F5BE43-0FFD-4CF0-B4BA-36DA4321E7B1%7d" target="_blank">Jerri Harrison-Taylor of Re/Max</a> says the property sold within a week of being listed and she was inundated with calls in the brief time it was on the market.
Not too far away in the suburb of Annerley is an original workers cottage with a blue and white tiled retro kitchen.
The Real Estate Insitute of Queensland's Nicola McDougall <a href="/news">has written on Property Observer today</a> about the appeal of retro kitchens to potential buyers.
Located on Prince Street, the home (pictured below) was built around the turn of the 20th Century and has an asking price of $450,000.
{yoogallery src=[images/stories/2013/06/june11annerley]}
It sits on a 412-square-metre allotment and includes three bedrooms and one bathroom.
It is listed through <a href="https://www.reiq.com/House/for-sale/annerley/2504310.aspx" target="_blank">Chris Warren of Re/Max Colonial.</a>
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Queenland retro kitchens a hot option as 1950s Tarragindi 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" />

&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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