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A six-bedroom Victorian terrace on Ocean Street in Woollahra sold recently for more than $7 million, and possibly close to $7.25 million.
The circa 1870 home has been redesigned by Tanner Architects and features three-metre-plus ceilings, American oak floors and marble fireplaces.
Vendors David and Louise Glen bought the property in 2009 for $4.9 million.
David is the managing director of ATM company Banktech.
The 765-square-metre home features three bathrooms and a marble island kitchen with Miele and Wolf appliances.
Outdoors, the property boasts Will Danger landscaped gardens, a glass-fronted swimming pool and an outdoor terrace.
The property was sold through Ben Collier of <a target="_blank" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-woollahra-nsw-2025/174889">McGrath Edgecliff</a>. 
In 1988, the Victorian terrace was used as a Yugoslav Consulate and was involved in a diplomatic incident.
The Glens purchased Eltham, a circa 1880 home on Egdecliff Road in Woollahra in 2011 for $9 million.
The Victorian Regency-style home was purchased from the Roulstone who purchased the property in 2006 for $9 million.
Eltham boasts five bedrooms and four bedrooms over two levels and features a hanging chandelier in the kitchen.
The property is set on 1,518 square metres and includes a swimming pool, cabana and full sized tennis court.
Channel Seven director Bruce McWilliam purchased the two-storey property for $5.15 million in 2004 and renovated it, before selling it to the Roulstones.
The median house price in <a target="_blank" href="/news">Woollahra</a> is $1.84 million, according to RP Data.
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ntrotman-Et3xWpamVh

1870s Woollahra trophy home fetches $7 million-plus

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Australian adventurer and author Denis Bartell has listed his canal home on Bribie Island for $1.09 million.
The four-bedroom property on Banksia Beach was built by architect Brad McLachlan.
Situated on an 839-square-metre allotment, the property includes an in-ground pool and a 10-metre fully serviced pontoon.
“The moment you walk through the secure gatehouse, you will be overwhelmed by the attention to detail, design, fixtures and fittings throughout,” says listing agent <a target="_blank" href="https://raywhitebribieisland.com.au/qld/banksia-beach/969413/">Shane C Richards of Ray White</a>.
“There are many prestigious homes on the island attracting some of Australia’s wealthiest due to its privacy and secluded lifestyle,” says Richards.
The property has been on and off the market since 2008.
Bartell has raised tens of thousands of dollars for the Royal Flying Doctor Service and the National Breast Cancer Foundation.
The median house price in <a target="_blank" href="/news">Banksia Beach</a> is $475,000.
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Aussie adventurer and author Denis Bartell lists his Bribie Island home

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The Australian Property Institute has elected Tony Gorman as the new national president.
Gorman - from the API’s Western Australian division – will take over from Phil Western who held the position for two years.
“My work both within the API and in my professional life has prepared me well and I’m keen to build on the legacy created by Phil Western, the API board, and the excellent work undertaken by API staff, led by CEO David Haythorn.
“I’m most excited about meeting with members and creating an open dialogue in regards to their needs, expectations and vision for the future,” says Gorman.
Gorman has previously held the position of chairman of the Continuing Professional Development Committee, Structural Review Committee and the vice president of the Western Australian division.
In 2011, Gorman was appointed junior national vice president of the national council.
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Australian Property Institute elects Tony Gorman as new National President 

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The number of auctions scheduled across the nation’s capital cities this week has dropped to 704, with RP Data attributing the fall to the Queen’s Birthday long weekend.
The national figure is must lower than the revised figure of 1,777 auctions last week and 1,687 auctions the previous week.
Last week, the clearance rate rose to 70.4%, up from 67.1% the previous week.
At the same time last year the clearance rate was much lower at 52.7% and only 1,339 auctions were recorded.
The weekly auction leader Melbourne has dropped below Sydney this week, with only 179 scheduled auctions, while Sydney has 350 scheduled.
It’s a big drop from last week, with Melbourne recording a revised figure of 822 auctions and 823 auctions the previous week.
Melbourne’s clearance rate increased last week from 69.2% the previous week to 71.6%.
Sydney recorded its highest weekly clearance rate in over a year last week at 80.3%, a strong increase from 71.1% recorded the previous week.
Sydney recorded a revised figure of 623 auctions last week and 598 auctions the previous week.
Auctions are forecast to bounce back after the long weekend.
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Queen's Birthday long weekend cuts scheduled auctions especially in Melbourne: RP Data

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An Alex Popov-designed home in Castlecrag is to go under the hammer for the first time with a $4.5 million-plus price guide.
The model suburb Castlecrag, located on the lower North Shore of Sydney in the city of Willoughby, was developed during the 1920s by Chicago-born Walter Burley Griffin and his wife Marion Mahony Griffin.
The four-bedroom, three-bathroom home is situated on a 1,043 square metre allotment and boasts 180-degree views.
Hidden behind sandstone walls and established gardens, the home features six metre high ceilings, a private north facing courtyard, custom designed fishpond and a heated lap pool.
The kitchen features twin Quarella stone bench tops and Viking Professional and Miele appliances.
Also included is a wine cellar with a capacity of 3,200 bottles and a French made Cheminees Philippe fireplace.
Listing agent Mark O’Brien of Richardson and Wrench says the listing has been very promising.
“There’s a recognition in the market that this is something special.
“Castlecrag is a small suburb, with less than 1,000 houses so there is not a big turnover,” says O’Brien.
The original home on the property was demolished after being purchased in 1998 for $1,435,000.
Located on Linden Way, the home will go to auction on June 12 through <a target="_blank" href="https://www.randw.com.au/879669/">Mark O’Brien of Richardson and Wrench Castlecrag and Northbridge.</a>
Property Observer <a target="_blank" href="/news">reported</a> on the sale of a $5.9 million Alex Popov-designed home in Castlecrag last month.
The median house price in <a target="_blank" href="/news">Castlecrag</a> is $1,737,500, according to RP Data.
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Alex Popov-designed Castlecrag trophy home set for auction

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Renovation shows are proving to be a hit with Australian viewers, with The Block remaining popular in its seventh season and Channel 7's new House Rules.
The <a target="_blank" href="https://www.propertyobserver.com.au/residential/house-rules-the-new-addictive-reality-television-show-on-the-block-renovates-for-keeps/2013051261200">DIY shows</a> are likely to have influenced and encouraged homeowners to give their own kitchen that lick of paint or change the tiles in their bathrooms.
Almost 5,000 renovations were listed on <a href="https://www.serviceseeking.com.au/" target="_blank">ServiceSeeking.com.au</a> in the last month, with a high level of renovation activity in Sydney, Brisbane and Melbourne.
ServiceSeeking.com.au gives customers an idea of how much money home renovation costs to possibly avoid overpriced quotes from tradespeople.
The website allows you to post your job, then sit back and wait for quotes to roll in.
Exterior painting is the cheapest trade service listed on the site, with an average quote of $40 per hour including paint.
Sydney accounted for almost half of the jobs, with <a href="/news">Blacktown</a> in Western Sydney taking out the renovation hot spot.
The median house price in Blacktown is $390,000 and the median unit price is $301,350.
The Hills Shire region took out the next two spots with <a href="/news">Baulkham Hills</a> and <a href="/news">Castle Hills</a>.
In Brisbane, <a href="/news">Mount Gravatt</a> listed the most renovations, followed by the Southeastern suburb <a href="/news">Eight Mile Plains</a> and <a href="/news">Morningside</a>. 
<a href="/news">Glen Waverley</a> topped Victoria’s list of DIY suburbs, followed by <a href="/news">Hampton Park</a> and <a href="/news">Mitcham</a>.
The average renovation was listed around $3,500.
Gina Rushton of ServiceSeeking.com.au says majority of the renovators on their site are part of “the Bunnings market”; that is, homeowners who have braved DIY where they can then call in the experts for the more difficult task. 
“It is the age of the DIY renovator of the Bunnings market; renovators who try to only need the experts for areas in which they don’t have the tools, skills or know-how.
“It isn’t uncommon for our builders to be called into unfinished homes where people have failed to do it all themselves, possibly inspired by shows like The Block.
“Our business have told us that they spend a lot of time completing half-done renovations,” says Rushton.
Allan Bayad from Handyman-Tastic says he would much rather start from new rather than trying to fix stuff-ups.
“If you or a mate start a renovation on your own and can’t complete it, then expect a trade to come to the rescue, then prepare to pay the full price," he says.
"Nine out of 10 households usually do it wrong. It’s not easy trying to fix stuff-ups."
Kitchens and bathrooms were the most popular renovation over the six months, followed by new floors and paint jobs.
The top eight renovating suburbs for New South Wales, Queensland and Victoria are as follows:
NSW
1. <a target="_blank" href="/news">Blacktown</a>
2. <a target="_blank" href="/news">Castle Hill</a>
3. <a target="_blank" href="/news">Baulkham Hills</a>
4. <a target="_blank" href="/news">Surry Hills</a>
5. <a target="_blank" href="/news">West Pennant Hills</a>
6. <a target="_blank" href="/news">Marrickville</a>
7. <a target="_blank" href="/news">Dee Why</a>
8. <a target="_blank" href="/news">Cherrybrook</a>
QLD
1. <a target="_blank" href="/news">Mount Gravatt East</a>
2. <a target="_blank" href="/news">Eight Mile Plains</a>
3. <a target="_blank" href="/news">Morningside</a>
4. <a target="_blank" href="/news">Coorparoo</a>
5. <a target="_blank" href="/news">Annerley</a>
6. <a target="_blank" href="/news">Aspley</a>
7. <a target="_blank" href="/news">Capalaba</a>
8. <a target="_blank" href="/news">The Gap</a>
VIC
1. <a target="_blank" href="/news">Hampton Park</a>
2. <a target="_blank" href="/news">Glen Waverley</a>
3. <a target="_blank" href="/news">Mitcham</a>
4. <a target="_blank" href="/news">Reservoir</a>
5. <a target="_blank" href="/news">Mount Waverley</a>
6. <a target="_blank" href="/news">Bentleigh East</a>
7. <a target="_blank" href="/news">Craigieburn</a>
8. <a target="_blank" href="/news">Yarraville</a>
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Blacktown tops renovation nation as reality shows influencing the Bunnings market

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A new Martin Friedrich-designed townhouse in South Yarra has been listed for sale with a price guide of $2.25 million-plus.
The Cliff Street residence features four bedrooms and three bathrooms.
Situated near the Chapel Street retail strip, the home boasts European oak flooring, a gourmet marble Miele kitchen and a rooftop terrace.
The property also features a multi-coloured outdoor pool with a water feature.
The 166-square-metre allotment housed a duplex when bought in September 2009 for $680,000. The duplex was later half demolished.
The remaining half of the duplex was incorporated into the new residence, which required an extra floor to be added underground.
The townhouse took more than two years to build.
The home is being sold via expressions of interest closing June 18 through Gary Ormrod and Darren Lewenberg of <a target="_blank" href="https://kayburton.com.au/property/51-cliff-street-south-yarra">Kay and Burton South Yarra.</a>
The median house price in <a target="_blank" href="/news">South Yarra</a> is $954,550, according to RP Data.
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New Martin Friedrich-designed South Yarra townhouse goes to market for $2.25 million-plus

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Hobart houses are spending the longest time on the market - an average of 77 days - and are being discounted the most at an average of -12.2%, according to RP Data.
Hobart units are also being discounted the most around the nation at an average of -9.6% and an average of 103 days on the market, according to the week ending June 2 report. 
Melbourne comes in second with an average house discount of -8.7% and an average of 47 days on the market.
Adelaide units are the second most discounted at an average of -6.2% and an average of 76 days on the market.
<img alt="rpdatatimeonmarketjune3one" src="/images/stories/2013/06/rpdatatimeonmarketjune3one.gif" width="470" height="319">
<img alt="rpdatatimeonmarketjune3two" src="/images/stories/2013/06/rpdatatimeonmarketjune3two.gif" width="470" height="420">
<img alt="rpdatatimeonmarketjune3three" src="/images/stories/2013/06/rpdatatimeonmarketjune3three.gif" width="470" height="425">
‘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 spends the most time on market and discounts the most: RP Data

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Spanning four levels, a Hill Street, Toorak residence is on the market with a price guide over $7 million.
The property was designed by architect Nicholas Day, with help from vendor and property developer Gaby Tomkin.
Set within Paul Bangay landscaped gardens, the home has five bedrooms and five bathrooms.
There's a lift to all levels.
The basement includes a 1,500 wine bottle cellar and a gold class replica theatre, while level four features a rooftop entertainer’s terrace.
The home also features a Carrera marble kitchen with Gaggenau appliances, a table tennis recreation room, gymnasium and a pool.
The property is being sold via expression of interest closing June 17 through Darren Lewenberg and Ross Savas of <a target="_blank" href="https://www.kayburton.com.au/property/17-hill-street-toorak">Kay and Burton South Yarra</a>.
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Nicholas Day-designed Toorak home seeks $7 million-plus

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A five-bedroom property in New South Wales Londonderry has been pushed to the top of this week’s top ten most discounted properties with a 44% discount, according to SQM Research.
The push comes after former list topper <a target="_blank" href="https://www.realestate.com.au/property-house-wa-fremantle-112917623">18 South Street Fremantle</a> went under contract.
The Londonderry property was first listed in August 2010 with a $2.3 million price tag.
After spending a whopping 959 days on the market, the Hughes Street property is now asking $1.29 million. 
The 2.83-hectare property is DA approved for a detached dual occupancy and farm shed.
Coming in second place with a discount of 43% is a one-bedroom Redbank Plains property.
The Barry Drive property was first listed in late February this year for $350,000 and after 84 days on the market has been slashed to $199,000.
Queensland continues to dominate the list with five properties listed, however SQM says although the bloodbath up north is over the aftermath may continue for some time to come.
The top ten discounted properties are
1.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-nsw-londonderry-7296375">9 Hughes Street Londonderry 2753</a>
 
Days on the market: 959
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
 
2.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-redbank+plains-113103983">1 Barry Drive Redbank Plains 4301</a> 
Days on the market: 84
Initial asking price: $350,000
Current asking price: $199,000
Reduction: 43%
 
3.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-tangalooma-104624146">7 Cassidae Crescent Tangalooma 4025</a>
Days on the market: 1,511
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
 
4.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-112206275">4 Edgewater Place Lamb Island 4184</a>
Days on the market: 1,022
Initial asking price: $425,000
Current asking price: $249,000
Reduction: 41%
 
5.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-lamb+island-105155213">79 Perulpa Drive Lamb Island 4184</a>
Days on the market: 1,091
Initial asking price: $499,000
Current asking price: $298,000
Reduction: 40%
 
6.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway Taranna 7180</a>
Days on the market: 951
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
 
7.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-doolandella-112978863">38 Cloverdale Road Roolandella 4077</a>
Days on the market: 98
Initial asking price: $1,650,000
Current asking price: $1,000,000
Reduction: 39%
 
8.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretel Two Rocks 6037</a>
Days on the market: 1,239
Initial asking price: $1,100,000
Current asking price: 699,000
Reduction: 36%
 
9.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-tas-spring+beach-106968687">368 Rheban Road Spring Beach 7190</a>
Days on the market: 924
Initial asking price: $760,000
Current asking price: $500,000
Reduction: 34%
 
10.
 
<a target="_blank" href="https://www.realestate.com.au/property-acreage+semi+rural-tas-deep+bay-112954503">124 Sky Farm Road Deep Bay 7112</a>
Days on the market: 161
Initial asking price: $599,000
Current asking price: $400,000
Reduction: 33%
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Londonderry the new most discounted property as Fremantle, WA offering under contract: SQM

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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