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A lakeside unit in Wembley, Western Australia has been listed for sale by mortgagee with a price guide of $165,000.
The two bedroom, one bathroom home is situated at <a href="https://www.realestate.com.au/property-apartment-wa-wembley-134328826" target="_blank">203B/19 Herdsman Parade</a>. 
The 56sqm top floor unit comes with open kitchen, living and dining area, combined laundry and bathroom and undercover car bay. 
There is visitor parking for guests. 
It is located close to parks, Perth CBD, primary school and public transport. 
Mark Hales of Harcourts City Central Perth has the listing. 
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j.ballantyne1990-6AQqhLzZaK

Wembley, Western Australia mortgagee home listed 

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A contemporary apartment in Arncliffe, NSW has been listed by the mortgagee in possession with a $690,000 asking price.
The two bedroom, two bathroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-arncliffe-134124246" target="_blank">43/10 Bidjigal Road</a> last traded for $560,000 off the plan in 2013, two years before the building was completed.
The 90 sqm unit on the fourth level of the 2015 completed block has a modern kitchen, and open plan living area, north facing balcony, study and secure parking. 
It is located within walking distance to both Arncliffe and Wolli Creek stations, village shops and eateries. 
Toula Haddad and Sam Epsimos of Raine &amp; Horne Bexley/Beverley Hills have the listing. 
The last two bed apartment in the investor-dominated block sold for $700,000 just under a year ago.
Another two bed, on level five, has been on the market for over a year and has had a steadfast guide of $750,000 to $780,000.
 
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Arncliffe, NSW mortgagee apartment listed 

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Following the release of Myer’s annual report, publicly-listed investment company Premier has called for the immediate resignation of the Myer board.
The renewed call what Premier calls “disastrous” and “shameful” results as Myer reveals to shareholders that EBITDA is down 41.6 per cent.
“Two years into John King’s tenure – it’s clear the Myer turnaround is in tatters. It’s now time for the CEO to follow the Board through the exit”, the company said.
Premier is headed by chairman Solomon Lew, a former Coles Myer director and former board member of the RBA.
Its board also includes former David Jones CEO Mark McInnes, and former state treasurer of Tasmania David Crean.
Shares in Myer fell over 15 per cent after the release of results, dropping to 22 cents per share.
At the previous close, Myers shares were worth 26 cents per share.
Premier, a long-term investor and supplier in the retail group, said they were “perplexed” by John King’s leadership.
King, who has headed Myer as chief executive for two years, was hired as Myer’s turnaround hope following his successful turnaround of the UK department store chain House of Fraser from 2006 to 2015.
Myer delivered the second biggest loss in its history, a statutory net loss after tax of $172.4 million.
However, Premier was quick to point out that, while shareholders have been taken for a ride, King pocketed $1.59 million.
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Premier Investments call for the resignation of the Myer board

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There are 870 capital city auctions being tracked by CoreLogic this week, similar to last week when 866 auctions were held.
Over the same week last year, 1,639 homes were taken to auction across the combined capitals.
Melbourne remains in stage 4 lockdown and as such just 13 auctions are on the radar this week, down from 28 over the previous week and 826 this time last year. This is a record low for Melbourne’s auction market outside of the seasonally quiet early January period.
There are 653 Sydney homes scheduled for auction this week, up from 608 last week, and higher than the 585 held one year ago. The number of auctions held across Sydney has consistently tracked higher than a year ago since mid-June.
Across the smaller auction markets, Brisbane is set to hold the most auctions this week (83), while Adelaide and Canberra are expecting to host 54 auctions each.
There are 11 auctions scheduled for Perth this week, while Tasmania is set to see just 2 properties up for auction.
<img src="https://www.urban.com.au/images/2020/9/10/CL%20SEPT%206.JPG" alt="">
One example of a property set for future auction in Melbourne is<a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-133459414" target="_blank"> 2/93 Argyle Street, St Kilda</a> (pictured in title).
The one bedroom, one bathroom apartment comes with a price guide of $310,000 - $340,000 for its October 17 auction date.
Another of the properties listed to go under the hammer is <a href="https://www.realestate.com.au/property-house-vic-st+kilda-134113730" target="_blank">33 Henryville Street</a>, also in St Kilda, which has a November 21 auction schedule.
The house is a two bedroom, one bathroom property and comes with a prices guide of $950,000 - $1,045,000.
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Melbourne auctions dwindle down to a record low dozen

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EXPERT OBSERVER
The Victorian Government has based its roadmap to reopening and the precise nature of ongoing restrictions upon Melbourne University's Dynamic Policy Model.
While Ray White supports this scientific work, it quite explicitly does not provide any advice pertaining to the inclusion or exclusion of specific activities and certainly not of private property inspections.
Ray White Group Managing Director Dan White said the Victorian government's decision to restrict private inspections must be explained, and identify how it has balanced the danger posed by that activity, accounting for the ability to mitigate risk when performing it with the social and economic impact of restricting it.
The leading group supports that private property inspections can be conducted in a highly controlled setting - in a pre-scheduled activity where only a small group of people interact with each other, while still being able to properly observe social distancing and enact effective transmission mitigation (ie sanitisation of surfaces and the use of personal protective equipment).
This is a safe setting - it does not entail any significant risk of transmission - and it does not constitute the sort of free movement that the cited modeling quantifies the effects of.
Given this, the Victorian model should further consider the huge economic and social impact of ongoing restrictions of property inspections.
Mr White said the group’s customers are demanding to know where does the government’s modelling show that private inspections are dangerous to the community? “And if so, what elements of our protocols are unsafe?”
“And additionally, did they rank the importance of the reasons for allowable people movement from 28 September? If they did, how could they think that visits to bottle shops, hardware shops and personal trainers are more important than the private inspections needed to facilitate the sale and lease of real estate?”
“Shelter is one of the most basic human needs and real estate is an essential service. It also has major financial implications for thousands of Victorian families.”
We have heard of so many of our customers experiencing hardship because of this decision.
Yet another distressed seller was 46-year-old Berwick mum Natalie Brennan. When her husband Gerard had his second stroke earlier this year, she knew they’d need to sell their home.
Mr Brenann, 49, lost his job as a forklift driver for a major pharmaceutical company in July.
The family of four just listed their house for sale last week with experienced agent Anne Haynes of Ray White Berwick.
“We are struggling financially with our mortgage repayments so we need to sell. I’ve had to take all the photos myself and our agent fixed them up and uploaded them online but it’s simply not fair that they won’t allow anyone to have a private inspection,” Ms Brennan said.
“We are a family of four with our children Alana, 14, and Aidan, 12 both doing home schooling. I work part-time at a pharmaceutical warehouse from 2:30pm to 10pm seven days a week. We have a lot of bills with my husband’s medical expenses and I am the only one working.
“But Dan Andrews’ rules don’t make any sense. We cannot even get a signboard put up out the front of our house.
“We are in a very difficult financial position and to ease the tension and stress as we need to sell. My message to Dan Andrews is ‘you are being totally unfair’.
“If I can go to Coles with 250 people then why can’t I have a few people through my house at one on one private inspections?
“We would leave the house and our agent could have inspections with staggered times and all the sanitiser under the sun. It could be done safely.”
Another distressed commercial landlord is retiree Colin Wise, aged in his mid-70s. He and his wife own a investment property in Glen Waverley. Since a tenancy with ANZ Bank ended in May, Mr Wise has been unable to lease the property again due to Stage 4 restrictions.
Mr Wise’s son, Daniel, said the prime asset would ordinarily be tenanted by now given it’s opposite The Glen Shopping Centre on one of the most prominent corner positions.
“This is a family asset and my retired father relies on the property for income. The Andrews Government with their restrictions have curtailed our ability to lease this asset out,” Mr Daniel Wise said.
“We actually had an offer agreed in principle on the doorstep of the first round of restrictions but the uncertainty within the government meant that deal fell over.
“The property is highly sought-after but we’re unable to take people through, even privately, so these restrictions are preventing the income for a retired couple.
“We’re not alone. Our story is just one of many thousands across the state, and people are genuinely struggling out there. It feels like we’ve been completely forgotten and now being completely ignored.
“We must take positive steps to create avenues for commerce to commence. We simply can’t leave Victoria and Melbourne in a state of lockdown. We live with risk in all we do and we have to allow people to get on with their lives.
“All we ask is for a balanced approach and an even playing field. I know for a fact contact tracing is in place when all private inspections are booked and masks and hand sanitizers are compulsory. How can that be any more of a risk than a stranger delivering you UberEats to your door?
“We need an empirically based common sense approach to bring business back in an orderly way as quickly as possible, otherwise thousands of others like my father, will continue to suffer through no fault of their own.”
Dan White is the Ray White Group Managing Director
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Why are private inspections deemed so dangerous? Dan White

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The largest real estate group in Victoria holds great concern for many of its customers following the announcement by the Victorian Government that private inspections of properties will not be allowed until 26 October, 2020.
As managing director of the Ray White Group, I am asking the Victorian Government to reconsider its ban on private inspections.
Private inspections alone will enable the industry to safely serve its customers and ensure that the most important financial transactions of their lives can be undertaken without further delays.
It has been a devastating day. Many of our customers often need to move properties for fundamental reasons - be it illness, divorce or other hardships like unemployment. It’s been distressing to listen to the feedback from customers now facing significant financial consequences as a result of these restrictions.
It makes absolutely no sense to forbid private inspections when you compare the safe environment we can create compared to the activities that are being allowed.
Despite many customers needing to buy and sell, yesterday’s decision means that many customers will be racing the clock to achieve a settlement before Christmas, given the time required to market property and the usual settlement period. It also applies significant pressure to those searching for a rental property or trying to lease their property.
Our leading group has been inundated with calls from customers who are distraught at the prospect of further significant delays in the marketing and sales of their properties.
Distraught customers include 70-year-old Brenda Hemphill, of Ringwood, who has bone marrow cancer and just needs to find a rental property to move into on September 25.
"I have to be out of the house by September 25 as my husband’s business went bankrupt and forced the sale,” said Mrs Hemphill, who recently sold her unit at auction through Ray White Ringwood.
“I have bone marrow cancer and need to stay close to the hospital for treatments. We have had to sell our forever home and there’s no chance of delaying the settlement as my husband went bankrupt but the house was in both names,” Mrs Hemphill said.
“I cannot go and view any rental properties. I am imploring Dan Andrew to make life a bit easier for us as not everything is around the corner to get the things we need.”
Another distressed client named Judy, who has her home on the market with Ray White Chelsea, simply wants to move to Queensland to help support her daughter.
“My son-in-law is a pilot and due to COVID-19, he has been relocated to Sydney to fly freight planes and my daughter is a working mum trying to juggle work around their two year old child. I’m a nurse and I’m incredibly disappointed that real estate activity hasn’t been reinstated because with the correct COVID procedures in place, the risk to the public is absolutely minimal when privately inspecting a property,” Judy said.
“I’m all alone down here and my daughter is all alone up there, and she’s had her own emergencies. All I want is to be in a financial position to sell soon and go to her when the borders finally reopens.”
Based on the people we have spoken to, there would be thousands of Victorians in distress as a result of the announcement.
The Big Four Australian banks have all spoken at length about the size and extent of mortgage deferrals. While they confirmed that loan deferrals will be extended on a case-by-case basis to March 2021, the message is clear: “the property market is holding up well, you may want to make the decision to sell and put yourself on a stronger footing”. Unfortunately for our Victorian customers with mortgage deferrals in place, they will be unable to do so.
In collaboration with the industry, Ray White has developed a detailed set of operating protocols for conducting private inspections to keep our customers safe.
These include a single buyer and agent inspecting for less than 15 minutes, without touching surfaces and observing social distancing.
We are not aware of any community transmission occurring in Australia as a result of real estate activity, and we estimate that nearly 180,000 properties were listed and marketed across Australia since April. That includes conducting open homes and auctions throughout Sydney throughout July and August and private inspections in the lead up to the Stage 4 Melbourne lockdown, when community outbreaks were occurring in both cities.
We note that physical on-site meetings will be permitted from 13 September in the construction industry and display homes will be open by appointment only from 28 September. We see no difference between these settings (particularly for many properties that are vacant) and believe the same settings can be achieved in the real estate industry.
We call on the government to review its decision and would welcome any opportunity to work collaboratively, for the good of the Victorian community.
Dan White is the Ray White Group Managing Director
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Victorian real estate customers stuck in limbo: Dan White

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Dan Andrews, the Victorian premier, was asked by journalists at his Wednesday press conference on the holding of open for inspections and auctions.
There is currently a late October and late November roadmap.
Melbourne real estate will fully open with safety measures from November 23, however from October 26, if the daily average of new cases is fewer than five and there are fewer than five cases with an unknown source in the prior fortnight, agents would be allowed to hold private inspections and to hold outdoor auctions subject to gathering limits.
The REIV requested a review.
Here is the response to questions put by journalists at the Wednesday press conference:
Q: They can’t have an inspection, let alone an auction, when can they start to expect –
Dan Andrews: I don’t have the roadmap in front of me, but I’ll find out when we can expect to have those inspections, open houses and auctions. Looking closer to a normal, it’s not next week. It needs to be, for safety reason. When you think about it, there are many people who attend auctions. There are many people who would see themselves as there to bid. There, are then – I had a house sell in our street not long ago, prior to COVID, so it is a little while ago actually. There were a lot of people there who had no intention of buying the place, could never have had registered, but turned up to have a look. And all of a sudden you have a gathering that is way too big and way too risky, in terms of spreading this virus. I know it’s not easy, I know there are many in the real estate community and vendors and people across the state, who are all in different settings. But just like pubs, cafes and restaurants, they wouldn’t be back to normal for long. You’ve gotta find that long-term normal and then lock that in.   
Q: Like pubs or cafes, restaurants, what if you could have inspections or at least people could come along and leave their details with their mobile number and their names.
Dan Andrews: Sure, let me come back to you. As I said, I haven’t got the document in front of me now. There’s a lot in it. But, I’ll get you an answer on when we think that will be able to happen. It did come back but of course the circumstance has changed.
Q: And are there any hardship exemptions on that? Can people apply, say if they are in financial dire straits, and they apply in some way, they can have a few people come over and look at the house, to sell the house?
Dan Andrew: Look, there are exemptions available to any of these rules and we have always welcomed people making their case. And there is a whole team dealing with that… On the specifics of that, I am not sure if I have had anybody come to us arguing that. But, I am more than happy to ask.
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Dan Andrews looks at Melbourne having open for inspections and auctions

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Whitsunday achieves record month of sales as Melbourne buyers in lockdown dream of a tropical getaway.
Ray White Whitsunday sold more than $21 million worth of stock in August, with principal Mark Beale claiming he is fielding “dozens of calls” a day from southerners prepped to travel at the end of lockdown.
“So many people are looking to buy a holiday home in Airlie Beach with the option of living here full time or working from home", Beale says.
"It feels like everyone from down south wants to have a property here.
"So many of our buyers are working remotely anyway."
Recently, Hog’s Breath Café founder Don Algie sold his Whitsundays mansion Chesapeake Whitsundays through Beale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/9/Chesapeake.jpg" alt="">
The off-market sale was the highest price achieved in the Whitsundays mainland since 2018 when Mandalay House sold for $14 million.
The buyer was revealed to be Alan Thomas Galloway of the world famous Alabar horse breeding stud in Victoria.
“I was flying and I saw the mountain with Chesapeake on the top at 1000ft above sea level, it was like a beacon", Galloway says.
"I have fallen in love with Airlie Beach, it’s like a hidden gem, a slice of paradise."
Set on 22 hectares, the gated Chesapeake estate has a three bedroom, four bathroom home with a number of living areas, a full stainless steel chefs kitchen and an upper pool.
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Surge in demand for tropical paradise as Whitsunday's nets big sale

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The Real Estate Institute of Victoria (REIV) has called for an independent review of the roadmap announced by the Andrews government when it comes to real estate listings. 
It labelled the Victorian government’s response as disproportionate, alarmist and short sighted. 
"There is no dispute that health and safety of the community is a priority and the roadmap out of the lockdown must ensure safety of all Victorians," the REIV advised.
"However, the path proposed jeopardises livelihoods and assets of hard-working Victorians who have abided by the rules and restrictions for over six months.
"Pushing the Victorian economy to the brink of collapse cannot be the only method of preventing the spread of coronavirus."
The REIV has criticised the lack of genuine consultation by government with business.  
"The irreversible impact of these decisions on the mental and financial well-being of ordinary people is being ignored.
"People who have saved and invested in an asset like property are unable to sell it to tide over these difficult times. 
The REIV urged the Federal government to immediately initiate an independent review of the roadmap, every Victorian is being impacted by the lack of vision and planning shown by the Andrews government.
The REIV president Leah Calnan said the decisions compounded the financial stress on Victorians and the Victorian economy. 
“We have cases being reported every day where people need to sell their property to get through these financial challenging times, and they can’t do so because the government won’t allow even a one-on-one inspection.” 
 
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REIV calls for an independent review of Victoria’s real estate roadmap

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GUEST OBSERVATION
The Victorian government today announced the eagerly anticipated roadmap out of COVID-19 lockdown. It features several steps that reflect a much slower relaxing of restrictions than last time around.
While the government has provided a provisional time frame for the various steps, it is data, not dates, that will determine when restrictions are actually eased.
We applaud this strategy. The virus does not obey a timeline. Rather, we have to beat it down to a level at which easing of restrictions is safer.
What was announced?
Metropolitan Melbourne’s current stage 4 restrictions will be extended for two weeks, to September 27. But from 11:59pm on September 13, there will be a few key changes.
The nightly curfew will be shortened by one hour, and will be in place from 9pm to 5am. Also, two people or a single household can meet outdoors for two hours maximum, up from the previous one hour, for exercise or recreation.
For people living alone, and single parents with children under 18, there will be a “single person bubble” policy that allows them to designate one other person who can visit their home.
Regional Victoria is already faring better than Melbourne, and will have a faster timeline.
Premier Daniel Andrews wants to maximise the chance of getting to Christmas in something like stage 1, while minimising the chance of a third wave of infection that sends the state back into lockdown. This means staying in strict restrictions for longer, and easing out more gradually.
How did data influence the decision?
The Victorian government’s decision was based in part on the output of a model developed by researchers at the University of Melbourne and the University of New England. It simulates population movements in a simplified world, based on parameters that describe the spread of COVID-19 and people’s interactions with each other.
In the real world, these patterns are highly random. So the researchers ran the model 1,000 times, with thresholds for relaxing (or tightening) restrictions set at an average of 25, 10, and 5 cases per day on a fortnightly basis. The model could then report the probability, under a given set of policy settings, of having to lock Victoria down again before Christmas.
 
Opening up too soon is likely to cause a third wave. In simulations in which restrictions were eased once average daily cases dipped below 25 per day, there was a 62% likelihood of new lockdowns. But with restrictions retained until daily cases dropped below 5 daily cases, the lockdown likelihood was just 3%.
Viewed in that light, it is easy to see why the Andrews government opted to set strict criteria for lifting restrictions, knowing that short-term pain is better than the economic ravages of another lockdown in the long term.
What might hold Victoria back?
First, there’s the elephant in the room — the quality of Victorian contact tracing (especially in comparison to New South Wales). Living with the virus requires high-quality contact tracing. There’s no doubt contact tracing in Victoria has improved since June when our second wave started. There is therefore a real possibility that we may get the case numbers down faster, and hold off resurgences of case numbers more effectively or for longer than the modelling suggests.
Second, infection disease control in health care and aged care has not been up to scratch in Victoria (compared with, dare we say it again, New South Wales). These represent particularly dangerous settings. Older adults are much more likely to become severely ill with COVID-19, whereas health-care workers who become infected with the coronavirus risk infecting the most vulnerable and reduce health capacity when it is most needed.
And of course, health and aged care workers live in the community too, and if community restrictions are relaxed the virus will leak back out through family members and surge again. The Victorian government decided to deal with both community and health-care transmission simultaneously. We think that it is the right approach.
Is elimination still possible?
There were strong arguments for an explicit <a href="https://www.mja.com.au/journal/2020/probability-6-week-lockdown-victoria-commencing-9-july-2020-achieving-elimination">elimination strategy back in early July</a>, requiring “going hard” for a six-week lockdown. Unfortunately, Victoria didn’t go hard early enough. The government waited three weeks, numbers got out of control, and then we went into stage 4. With the benefit of hindsight, it was a huge missed opportunity.
The Grattan Institute is also <a href="https://grattan.edu.au/report/how-australia-can-get-to-zero-covid-19-cases/">arguing strongly</a> for an explicit elimination strategy and much longer hard lockdowns. It argues this will result in better economic outcomes in the long run. An <a href="https://www.medrxiv.org/content/10.1101/2020.08.31.20185587v1">impressive modelling paper</a> by Australian National University researchers also supports the theory that elimination is better for both health and the economy in the long run (although this paper has not yet been peer-reviewed).
However, things have changed in the past two months. First, we are now closer to a vaccine, so in theory the long-term payoff for short-term pain will arrive sooner. Second, New Zealand (and Queensland) have taught us that elimination can be lost. Third, NSW has taught us you can live with the virus at low levels (so far). Fourth, the imminent border openings and hotspot strategy are not really consistent with the hard border controls needed to defend elimination in places that achieve it.
Andrews aptly termed the state’s strategy “aggressive suppression”. It may even achieve elimination, as the first wave effort so nearly did. We hope it does – but do not bank on it.
It’s in our hands now, both the government and citizens. With some good luck – and few would begrudge Victorians a little of that – the roadmap will pan out as planned.<img src="https://counter.theconversation.com/content/145558/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
<a href="https://theconversation.com/profiles/laxman-bablani-1153311">Laxman Bablani</a>, Research Fellow, Population Interventions Unit, Centre for Epidemiology and Biostatistics, Melbourne School of Population and Global Health, <a href="https://theconversation.com/institutions/university-of-melbourne-722">University of Melbourne</a> and <a href="https://theconversation.com/profiles/driss-ait-ouakrim-1153309">Driss Ait Ouakrim</a>, Research Fellow, Population Interventions Unit, Centre for Epidemiology and Biostatistics, Melbourne School of Population and Global Health, <a href="https://theconversation.com/institutions/university-of-melbourne-722">University of Melbourne</a>
This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/slow-and-steady-exit-from-lockdown-as-victorian-government-sets-sights-on-covid-normal-christmas-145558">original article</a>.
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Victorian government has set its sights on a 'COVID-normal' Christmas

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.

Joel Robinson

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]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

Staff reporter

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