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A resort-style mansion with a productive vineyard in Adelaide’s Aldgate has been listed for sale.
The architecturally designed Birchwood by Williams Burton features six bedrooms, four bathrooms and boasts glass railings, natural timbers and polished terrazzo flooring.
<img alt="birchwoodmay9one" height="264" width="470" src="/images/stories/2013/05/birchwoodmay9one.jpg">
The home includes five separate living areas and a state of the art kitchen as the heart of the home.
Situated on eight hectares of land, the property includes a tennis court, vineyard and an infinity pool.
Two dams and a sweet water bore provide water for the gardens and vineyards.
Birchwood was built in 1993 and last sold in June 2004 for $1.45 million.
Peter McMillan of Toop &amp; Toop Real Estate says the property has been taken to market without a price guide but $2 million has been spent since 2004.
The current vendors added the tennis court, pool and a large part of the house.
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ntrotman-Et3xWpamVh

Iconic Adelaide Hills resort-style mansion listed

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Heritage bank will cut its standard variable home loan rate by 0.25%, reducing its variable interest rate to 5.89%.
The rate change will be effective from May 16.
“As a customer-owned bank, we always strive to provide the most competitive interest rates we can,” says chief executive officer John Minz.
“We’re proud that our rates are among the best in the marketplace.
“Following this reduction, our standard variable home loan rate of 5.89% will be 0.28% lower than the average of the Big Four banks, which will have rates above 6%,” says Minz.
Minz says Heritage Bank’s home loan interest rate reflects the bank's intention to give customers the best value possible and not to make profits for shareholders.
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Heritage Bank to cut its standard variable home loan rate by 0.25%

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Two new properties have been thrown into the mix of the latest SQM top ten most discounted properties list and have taken out the top two positions.
A three-bedroom, one-bathroom home on South Street Fremantle has taken out the top slot with a large discount of 45%, having only been on the market for 84 days.
The home was originally listed for $1.8 million and following a week-by-week decline, is now listed for $990,000.
WA is now on par with Queensland in terms of the amount of properties in the top ten list and with the highest discounts.
The second most discounted property on the list is a NSW home in Londonderry, with a 44% discount.
The property was originally listed for $2.3 million and 938 days later is asking for $1.29 million. 
The latest SQM report is more of a top nine, as the property in tenth place is not based on the current listing price decline but more so a discount on the last sold price.
The Surfers Paradise property last sold in 2005 for $526,000 and is now listed for $350,000 – a 38% discount.
The SQM discount report has over 1,000 properties in postcode 4217 that have been on the market for over 60 days.
Property Observer recently <a href="https://www.propertyobserver.com.au/residential/friday-may-3-news-gold-coast-time-on-market-drops-slightly-to-225-days-apm/2013042960834" target="_blank">reported</a> on the Gold Coast’s lengthy time on the market with an average of 225 days spent on the market, according to April data.
 
1.
 
<a href="https://www.realestate.com.au/property-house-wa-fremantle-112917623" target="_blank">18 South Street Fremantle 6160</a>
 
Days on the market: 84
Initial asking price: $1,800,000
Current asking price: $990,000
Reduction: 45%
 
2.
 
<a href="https://www.realestate.com.au/property-other-nsw-londonderry-7296375" target="_blank">9 Hughes Street Londonderry 2751</a>
 
Days on the market: 938
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
 
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: 1490
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
 
4.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-tas-taranna-106879142">5756 Arthur Highway Taranna</a>
 
Days on the market: 930
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
 
5.
 
<a target="_blank" href="https://www.realestate.com.au/property-other-qld-doolandella-111175499">57 Cloverdale Road Doolandella 4077</a>
 
Days on the market: 266
Initial asking price: $990,000
Current asking price: $600,000
Reduction: 39% 
 
6.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-sa-port+adelaide-106632822">502 Tarni Court Port Adelaide 5015</a>
 
Days on the market: 1036
Initial asking price: $725,000
Current asking price: $450,000
Reduction: 38%
 
7.
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-wa-north+fremantle-107071431">1/1 Freeman Loop North Fremantle 6159</a>
 
Days on the market: 861
Initial asking price: $4,500,000
Current asking price: $2,795,000
Reduction: 38%
 
8.
 
<a target="_blank" href="https://www.realestate.com.au/property-livestock-qld-caboolture-7262420">19 Lychee Drive Caboolture 4510</a>
 
Days on the market: 1070
Initial asking price: $949,000
Current asking price: $598,000
Reduction: 37%
 
9.
 
<a target="_blank" href="https://www.realestate.com.au/property-house-wa-two+rocks-106211228">15 Gretal Two Rocks 6037</a>
 
Days on the market: 1218
Initial asking price: $1,100,000
Current asking price: $699,000
Reduction: 36%
 
 
10.
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-107788271">3221/23 Ferny Avenue Surfers Paradise 4217</a>
 
Days on the market: 493
Last sold for: - $562,000
Current asking price: $350,000
Reduction: 38%
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Two new properties shake up top ten discounted properties this week: SQM

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The Bank of Melbourne has cut its standard variable home loan rate by 0.25% to 6.15% per annum, effective from May 17.
Customers have taken to the bank’s <a href="https://www.facebook.com/BankofMelbourne" target="_blank">Facebook</a> page looking for answers as to why the new rate won’t be effective immediately, but are failing to secure any answers.
The Bank of Melbourne’s current standard variable home loan rate is 6.40% per annum.
A $300,000 loan from the Bank of Melbourne with the new interest rate will see a monthly repayment of $1,960 – a monthly saving of $46 compared to the previous rate.
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Bank of Melbourne cuts interest rate by 0.25%

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The Bank of Queensland has cut its standard variable home loan rate by 0.25% to 6.26% per annum, effective May 24.
“Regional banks have not benefited from easing funding costs to anywhere near the same extent as the major banks due to a range of factors, particularly different wholesale funding mixes,” says chief executive Stuart Grimshaw.
“At BOQ we rely heavily on the retail market for funding and competition for consumer deposits remains.
“This makes it a great time for savers and we’re proud to continue offering very competitive deposit rates.”
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Bank of Queensland cuts standard variable home loan rate by 0.25% 

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Quest Serviced Apartments will target the growing number of extended-stay business travellers in Queensland, with five new properties across the state to open in the next 12 months.
Quest plans to build more than 1,300 apartments in Rockhampton, Mackay, Townsville, Woolloongabba and Upper Mount Gravatt for business travellers – boosting their room supply by more than 90%.
The announcement comes as Quest opened their newest property at Breakfast Creek (pictured below).
<img alt="questmay8one" height="312" width="470" src="/images/stories/2013/05/questmay8one.jpg">
“A general shortage of quality accommodation for business travellers has prompted us to fast-track our plans to open more properties in the next 12 months, with further expansion plans in the pipeline,” says chairman of Quest Serviced Apartments Paul Constantinou.
“Queensland’s four pillar economy is going from strength to strength and we’re starting to see some really encouraging results from the investments we are making in agriculture, tourism, resources and construction,” says Queensland Premier Campbell Newman.
Property Observer <a target="_blank" href="https://www.propertyobserver.com.au/commercial/quest-to-build-10-new-serviced-apartments-buildings-in-nsw-over-next-two-years/2013020659191">reported</a> on Quest’s announcement in February to build ten new apartment buildings in New South Wales by 2014.
These are in addition to new properties opening in outer Melbourne, regional Victoria and the Adelaide CBD.
Quest currently has 21 properties in NSW, providing accommodation to approximately 120,000 extended stay business travellers.
On completion of these projects, Quest aims to have a total of 2,365 rooms in NSW hosting around 200,000 travellers annually.
Quest also recently opened 86 serviced apartments in the redeveloped <a target="_blank" href="https://www.propertyobserver.com.au/developments/frankston-eyesore-reborn-as-peninsula-on-the-bay-holiday-apartments/2013032559596">10-storey Neapean Highway Complex</a> in Frankston. 
Quest currently has over 150 properties across Australia, New Zealand and Fiji.
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Quest Serviced Apartments to target business travellers in QLD  with five new properties

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Offered for the first time in over 70 years, a bungalow in Sydney’s lower North Shore sold at its weekend auction for $1.415 million.
Located on Wheatleigh Street, <a target="_blank" href="/news">Naremburn</a>, the deceased estate had been listed with a $1.1 million-plus price guide by Lea Turner of Morton &amp; Morton Real Estate.
Comprising four bedrooms and one-bathroom, the residence has been well maintained and features an original kitchen.
Situated on a 574-square-metre block, the property benefits from natural northern light and has the potential for a complete refurbishment.
More than 60 groups came through the property’s first open, with eight taking away a contract.
The median house price in Naremburn is $1.2 million, according to RP Data.
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Naremburn bungalow with original features fetches over $1.4 million at auction

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Suncorp Bank has followed the RBA’s interest rate decision and cut it’s variable home loan interest rates by 0.25% per annum to 6.24%, effective May 24 2013.
Suncorp Bank chief executive officer David Foster said Suncorp followed the RBA’s decision to cut the official interest rate to encourage sustainable growth in the economy.
“This rate cut will provide some welcome relief for home owners and small businesses, with the retail sector also likely to benefit from any boost in consumer and business confidence,” says Foster.
Suncorp Bank’s standard variable home loan is currently 6.39% per annum.
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Suncorp Bank reduces rates by 0.25% pa

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As the weather continues to cool, slightly fewer auctions are being held, with 1,500 auctions scheduled across the capital cities this week, according to RP Data.
This figure is slightly down from the revised 1,634 auctions that took place last week and the 1,658 auctions that took place the week before.
However, the auction clearance rate last week was 67.3%, slightly up on the previous week's 64.5%.
At the same time last year, there were only 1,361 auctions and a clearance rate of 52.6%.
Melbourne has 755 auctions scheduled for the coming week, slightly less than the revised figure of 784 auctions last week and 845 auctions the previous week.
However, Melbourne recorded a strong clearance rate of 70.4% last week, up from 68.1% the previous week.
At the same time last year, Melbourne had 652 auctions and a 59.1% clearance rate.
Sydney also recorded a strong clearance rate of 72.4% last week, up from 70.6% the previous week.
Sydney has 471 auctions scheduled for the coming week, slightly fewer than the revised figure of 522 auctions last week and 517 the previous week.
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Fewer auctions as weather cools: RP Data

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The most expensive sale for the week ending May 5 was an undeveloped waterfront block in Cremorne, which sold for $4.925 million, according to RP Data.
Located on <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-cremorne-nsw-2090/75413" target="_blank">Wonga Road</a>, the 1,511-square-metre block currently hosts a circa 1945 two-bedroom, one-bathroom residence.
The north facing waterfront property (pictured below) is one of the last remaining undeveloped waterfront blocks in the area and features a shared tidal pool.
<img src="/images/stories/2013/05/wongamay7one.jpg" width="470" height="310" alt="wongamay7one">
The property has the potential to be subdivided or rebuilt into a contemporary family home, subject to council approval.
John Welch of McGrath Mosman secured the sale and had listed the property with a $4.8 million-plus guide.
New South Wales dominated the auction front with nine properties in the most expensive sales list.
The top 10 most expensive sales across Australia last week
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/20_wonga_road_cremorne_nsw_2090/2003256" target="_blank">20 Wonga Road, Cremorne, NSW, 2090</a>, two-bedroom house, sold on May 1 by McGrath Mosman for $4.925 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/117_avoca_drive_avoca_beach_nsw_2251/1204562" target="_blank">117 Avoca Drive, Avoca Beach, NSW, 2251</a>, five-bedroom house, sold prior to auction on April 30 by Raine &amp; Horne Terrigal/Avoca Beach for $3.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/55a_gardyne_street_bronte_nsw_2024/1610317" target="_blank">55A Gardyne Street, Bronte, NSW, 2024</a>, four-bedroom house, sold at auction on May 1 by GoodyerDonnelley Real Estate for $3.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/1/21_gaerloch_avenue_tamarama_nsw_2026/14995863" target="_blank">1/21 Gaerloch Avenue, Tamarama, NSW, 2026</a>, five-bedroom unit, sold at auction on May 5 by McGrath Estate Agents for $3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/53_hooper_street_randwick_nsw_2031/5755601" target="_blank">53 Hooper Street, Randwick, NSW, 2031</a>, four-bedroom house, sold at auction on May 5 by Raine &amp; Horne Double Bay for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/16_henham_street_hawthorn_east_vic_3123/11199731" target="_blank">16 Henham Street, Hawthorn East, VIC, 3123</a>, four-bedroom house, sold at auction on May 5 by RT Edgar Boroondara Hawthorn for $2.67 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/16_mermaid_avenue_maroubra_nsw_2035/4046307" target="_blank">16 Mermaid Avenue, Maroubra, NSW, 2035</a>, five-bedroom house, sold on April 30 by Ellison Zulian Property for $2.315 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/26_hillside_road_newport_nsw_2106/4872203" target="_blank">26 Hillside Road, Newport, NSW, 2106</a>, five-bedroom house, sold at auction on May 2 by L J Hooker Mona Vale for $2.2 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/19_augusta_street_strathfield_nsw_2135/6479292" target="_blank">19 Augusta Street, Strathfield, NSW, 2135</a>, five-bedroom house, sold at auction on May 4 by Strathfield Partners for $2.1 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/19_karuah_street_strathfield_nsw_2135/6487121">19 Karuah Street, Strathfield, NSW, 2135</a>, five-bedroom house, sold at auction on May 4 by Devine Real Estate for $2.1 million
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Undeveloped waterfront block in Cremorne tops 10 most expensive sales list

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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;

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;

Nicola Trotman

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