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The Noosa Par 3 Golf Course in Sunshine Coast’s Noosaville has been re-listed for sale.
The <a href="https://www.commercialrealestate.com.au/property/noosa-par-3-golf-course-noosaville-qld-4566-2015516986" target="_blank">30 hectare Hollett Road property</a> includes a 36 hole golf course, two residences and a clubhouse with a restaurant and bar.
It is being marketed by Ray White Commercial Noosa and Sunshine Coast North Property Consultant Louisa Blennerhassett and Paul Butler.
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Blennerhassett said the Noosa Par 3 Golf Course was a popular course with both locals and tourists alike. 
“The options are varied on this property. You can continue and grow the current business, land bank, develop, or even build your own private oasis,” she said.
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The Golf Course is located about five minutes to Noosaville and 10 minutes to Noosa Heads and Hastings Street.
“It borders Lakes Entrance residential estate and is adjacent to a future 52 lot rural residential subdivision,” Butler said.
The expressions of interest campaign for the property closes on September 23. 
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j.ballantyne1990-6AQqhLzZaK

Noosa Par 3 Golf Course hits the market

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Senversa Pty Ltd has secured part of the ground floor of 190 Flinders Street, Adelaide.
Savills Australia’s Adam Hartley and Alexandra McGee secured the deal for Senversa and said the tenants were drawn to the convenience and efficiency that the building offers. 
“The owners of this building are willing to listen and act on feedback we give them and are good landlords to their existing tenants, which is why only one tenancy now remains in the building,” Hartley said. 
Senversa’s Adelaide business has been growing and Hartley said the ground floor space meets their expansion requirements.
“The office meets Senversa’s requirement for extra space, without making the move a costly exercise because they are able to use much of the existing fit out,” Hartley said.
McGee said the office will provide great amenities.
“The office provides tenants access to a private outdoor courtyard, which remains highly sought and difficult to come by,” McGee said. 
Senversa Pty Ltd has signed a three-year lease and will pay $370 per square metre.
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Senversa secures an Adelaide ground floor tenancy

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A tenanted strata office in Spring Hill, Brisbane has been snapped up by a private Sydney based investor for $5 million.
The sale of 170 Leichhardt Street makes it the biggest settled strata transaction so far this year in the Queensland capital. 
The 1,374 square metre office space on level two is tenanted by Imagine Education Australia for a seven-year term with a three-year option.
The offering also includes 22 square metre balcony area and nine car parks.
It was marketed via an expression of interest campaign by Sam Biggins and Tony Wang from Colliers International.
“This was the first commercial property acquisition for the high net worth Sydney-based investor who works in the finance sector,” said Biggins.  
“With current record low interest rates and decreasing vacancy rates in the Brisbane office sector, we are continuing to see interstate investors looking to Brisbane, attracted by the yield differential and growth prospects over the southern markets.”
Colliers International has transacted eight strata offices so far this year across the CBD and metro Brisbane.
The properties range from $500,000 to $5 million, averaging at $3,851 per square metre and an average yield of 7.88%.  
“Long term investors are backing the strata market, but sales to owner occupiers are also on the rise as the leasing market continues to improve in combination with record low interest rates,” said Wang.
“Strata office sales within the golden triangle precinct have performed very well. Within 97 Creek Street Colliers International’s Strata team have sold four offices so far this year ranging from 63 square metres up to a full floor of 638 square metres. One of the office investments had achieved a record 6.2% yield.”
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Spring Hill tenanted strata office sold for $5 million

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The NAB bank branch in a prime section of the Church Street in Brighton has been sold for $6,105,000 at auction. 
Fitzroys agents Chris James and Mark Talbot sold 35 Church Street on behalf of private owners, who had held the site for 23 years.
A private Melbourne-based investor purchased the property.
On a 288 square metre site, the property has an 8.5 metre frontage to Church Street.
NAB has a long-term lease over the property, and the sale price reflected a sharp 3.5% yield.
Over 100 enquiries were received from around Australia and offshore, according to James. 
The property is positioned within the tightly held section of Church Street, between Carpenter and St Andrews streets, which is currently experiencing a record low 0% retail vacancy.
Neighbouring tenants include Australia’s leading high-end retailers in Country Road, Mecca, Scanlan Theodore and Saba while the Dendy cinema complex is opposite.
“The immediate catchment has been bolstered with the introduction of medium-density residential developments in what is broadly a low-rise suburb, while the suburb is home to a number of highly sought after private schools,” James said.
Fitzroys sold the two-level, 110 square metre building home stationery company Smiggle at 67 Church Street last year for $2.41 million, at a yield of 3.2%.
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Church Street, Brighton NAB branch sold for $6.1 million 

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Mackay's Coral Cay Resort has been purchased by West Australian-based Facilimate Hotels. 
Located on a large 9,148 square metres site, the hotel at 14-18 Nebo Road comprises 82 one, two and three bedroom apartments, a restaurant, two meeting rooms, a swimming pool, gymnasium, manager's residence and outdoor car parking. 
The sale is evidence that investor sentiment is on the rise in Mackay market, showing signs of recovery following recent mining project approvals, said Managing Director of Facilimate Hotels, Stephen Lauder.
"With the hotel situated between our Brisbane and Cairns hotels, we identified synergies in adding the asset to our portfolio and increasing our footprint in the Queensland market," Lauder. 
This ideal represents the group's third purchase in Queensland, following its acquisition of the Pacific Hotel Cairns and Urban Hotel Brisbane.
It boosts its portfolio of owned and operated assets to six across the ACT, Western Australia and Queensland.
The sale was by embattled fund manager Blue Sky which took a capital loss of about $6 million after Facilitate paid about $10 million.
Blue Sky Residential Asset Managers, an unlisted fund that comes under the umbrella of ASX-listed Blue Sky Alternative Investments Limited, paid $16 millio in May 2013.
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Facilimate Hotels buys Mackay Coral Cay Resort  

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A mixed-use building on Perth’s high profile Queen Street has been sold for $4.89 million. 
The period building at 26 Queen Street was contested with more than 60 Information Memorandums provided, said Knight Frank Partner, Capital Markets, Todd Schaffer.
Schaffer said the building was positioned to capitalise on the resurgence of the top end CBD retail market, particularly around the King/Queen Street and Raine Square precinct. 
He said its location, 100% occupancy and offering had made it attractive to a broad range of investors. 
Knight Frank senior sales executive Rick McIntosh-Whyte said with two new hotels soon to open nearby and the continued evolution of Raine Square and Kings Square, the Queen/King Street precinct would continue to attract high levels of interest. 
The building is arranged over four levels providing flexible accommodation with a total net lettable area of 740 square metres.
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Mixed-use building on Perth's Queen Street sold for $4.89 million 

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Buyer demand for industrial property in Adelaide has been very strong so far in 2019, with total sales nearly triple that recorded for the same period in 2018, according to the latest research from Knight Frank.
The Adelaide Industrial Market Overview August 2019 found in 2019 total sales for industrial properties above $5 million is currently $140.08 million, significantly higher than the same period in 2018, which was $49.35 million.
Knight Frank Research Analyst SA Yee Ng said total sales in 2019 are expected to be higher than 2018, which totalled $261.93 million, particularly with more major potential transactions in the pipeline including Stockland divesting the Port Adelaide Distribution Centre for circa $80 million to a Melbourne Based Fund, Quintessential.
Ng said buyer demand for industrial property in Adelaide was coming from investors, as well as owner occupiers, with stimulus in the market providing the impetus for tenants to become owners.
<a href="https://www.propertyobserver.com.au/images/2019/9/4/adelaide%201.jpg" target="_blank">Click here</a> to enlarge: 
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“The total sales value so far this year was boosted by investors, with the circa $55 million sale of the 122.5 hectare General Motors Holden site to developer Pelligra Group, which finally settled in January after an extended settlement, and the sale of the former steel fabrication site in Gepps Cross to Charter Hall for circa $35 million, which is currently being redeveloped into a distribution centre for Metcash,” he said.
“However, the historically low cash rate, coupled with the abolition of stamp duty on commercial property, has increased demand for owner occupiers to purchase their own facilities, and has had a positive impact on the number of transactions for industrial properties above $5 million.
“South Australia also remains an attractive value proposition for investors seeking higher income returns as average prime yields across the eastern seaboard are generally more than 100 basis points firmer than in Adelaide.
“Industrial yields have shown a continual firming bias over the past six months and are likely to continue firming, given the value proposition and improving demand on offer in South Australia.”
<a href="https://www.propertyobserver.com.au/images/2019/9/4/adelaide%202.jpg" target="_blank">Click here </a>to enlarge: 
<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/2019/9/4/adelaide%202.jpg" alt="">
The Knight Frank report found that as at July 2019, average blended prime yields for industrial property in Adelaide are ranging from 7.25% to 8.00% for all precincts, and averaging 7.77%. Meanwhile, the average blended secondary yields are ranging from 8.50% to 9.25%, and averaging 9.04%.
Knight Frank Sales and Leasing Executive SA Garry Partington said fully leased industrial property with strong lease covenants in well-located areas continued to attract strong interest, particularly from interstate and off-shore buyers.
“Over the past 12 to 18 months there has been an increase in the number of transactions for properties above $20 million,” Partington said.
“The low cost of capital is likely to continue to attract more investment into the property market, as will the higher income returns available in the Adelaide industrial market.”
With occupiers increasingly favouring purchasing a facility over leasing, leasing transaction volumes remain low, with rents steady over the past six to 12 months, according to the research.
“There has been limited leasing activity over the past six months but we expect it to pick up over the remainder of 2019,” said Parlington.
“The most sought after properties for tenants in Adelaide are those within inner metropolitan areas with good access to major transit routes, with the majority of leasing transactions being concentrated in the inner north, largely due to the size of the precinct.
“The outlook for tenant demand is looking positive, with several briefs for space in the market for office/warehouse accommodation ranging from 3,000 square metres to 10,000 square metres.”
<a href="https://www.propertyobserver.com.au/images/2019/9/4/adelaide%203.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/9/4/adelaide%203.jpg" alt="">
Notable requirements are from industries including logistics (circa 10,000 square metres), building construction (circa 10,000 square metres), pipe manufacturing (circa 3,000 square metres) and electrical manufacturing (circa 3,000 square metres), according to the Knight Frank report.
Ng said projects from the defence and manufacturing industries would ramp up in 2020 and boost South Australia’s economy, which would have a flow on effect to the industrial property market.
“The closure of the General Motors Holden site in Elizabeth in 2017 resulted in job losses across the state, but new owner Pelligra has secured tenants such as Genis Steel, SA Power Networks, Sonnen and Levett Engineering, which will create jobs.
“In addition, Whyalla steelworks owner Sanjeev Gupta of the GFG Aliiance plans to revive vehicle manufacturing in Australia by building electric cars. The location of the manufacturing site is unknown, however Victoria and South Australia are being canvassed for potential sites, due to their history of vehicle manufacturing.
“Besides that, the defence industry has made a positive impact on the South Australian economy, resulting from the $35 billion Future Frigates contract with BAE Systems.
“Small and medium enterprise such as Redarc Electronics have enjoyed the flow on contracts from defence projects.”
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Adelaide industrial sales on track to beat 2018: Knight Frank 

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A three bedroom Eglinton, Western Australia home has been sold by mortgagees for $280,000.
John Douglas of Professionals held the listing which was slashed to $280,000 in July. 
Nestled on a 290 sqm allotment, the 2014 built home at <a href="https://www.realestate.com.au/property-house-wa-eglinton-131126606" target="_blank">87 Cinnabar Drive</a> comes with open-plan living/dining area, home theatre/formal lounge, modern kitchen, carpeted master bedroom and two other bedrooms. 
Other features include internal laundry, reverse cycle air conditioning and rear access to double lock up garage. 
The house is situated opposite a park.
It was previously listed with a price guide of $339,000 and $369,000 back in June 2018 which was reduced to $329,000 by the end of November 2018 when the property was taken off market again.
More recently, in May 2019, the abode sought $325,000.
Last sold in 2013 the previous home traded for $193,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
According to CoreLogic, the annual change in median price in <a href="/developments/eglinton-wa-6034">Eglinton</a> over the past 10 years is -2.8%.
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Eglinton, WA mortgagee home listing slashed $50,000 and sold

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A Napperby, South Australia mortgagee has been sold for $90,000.
The house was originally listed for $138,000, before being slashed to $110,000.
Wayne White of Wardle Co Real Estate marketed the listing.
Situated at <a href="https://www.realestate.com.au/property-house-sa-napperby-127573318" target="_blank">158 Scenic Drive</a>, the property consists of three bedrooms and one bathroom.
Set on 3,237 sqm, the listing describes the home as a "hobby farm for a renovator."
It is located 10 minutes from Port Pirie.
The property features a partly renovated bathroom and four parking spaces, outside there is an old olive orchard, other trees and chook houses.
The circa 1960 built home has been on the market for over 500 days.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
According to CoreLogic, in <a href="/developments/napperby-sa-5540">Napperby</a> the annual change in median price over the past 10 years is 1.9%.
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Napperby, SA mortgagee home sold for two thirds previous sale price

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Halstead House, believed to be the oldest existing house in Melbourne's Caulfield, has been listed for sale.
First time offered in over 37 years, Halstead House was constructed in the mid 1850s with additions during the 19th century.
It was built for and owned by stock agent James Dickson.
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Halstead House's most striking feature is its three storey tower with Mansard roof and cast-iron balustrade.
The three storey tower has two retreats on each level.
The five bedroom home features a reception hall, a grand sitting room and formal dining room, both with open fires, and a den.
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In the 2,760 sqm established gardens is a pond wrapped in the circular driveway, a heated swimming pool, tennis court and barbecue pavilion.
The former stables have been converted in to a two level self-contained accomodation.
It has a $11 million to $12 million guide.
 
 
 
 
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Halstead House, one of Caulfield's oldest homes, listed for sale

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]

Staff reporter

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