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A 2017 built Blackburn, Victoria house has sold for $1.18 million under the mortgagee auction hammer.
The vendors previously listed the property in 2017 seeking $1.55 million but were unable to find a buyer at that price and took the home off the market.
Rupa and Patrick Mane of Raine&amp;Horne marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-vic-blackburn-131626434" target="_blank">1/7 Langtree Court</a>, the two level abode contains four bedrooms and three bathrooms.
Set on 350 sqm, the house features two kind sized bedrooms, timber flooring and fully landscaped gardens on both sides of the home.
Located in a quiet cul-de-sac, it is only a short walk to Blackburn North Shopping Centre and Whitehorse's Golden mile shopping strip and within a 5 minutes' drive to the Eastern Freeway or Blackburn Railway station among other amenities.
Last sold in 2015 the home previously residing on the holding sold for $1.36 million, $180,000 more than what it sold for in August 2019.
Before that the home sold for $1.153 million in 2014.
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The median price for an apartment in <a href="/developments/blackburn-vic-3130">Blackburn</a> is $1.17 million according to CoreLogic data.
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Near new Blackburn, Victoria mortgagee home sold for $200,000 loss

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A nine bedroom Applecross, West Australia manse has been sold for $2.33 million dollars after an unsuccessful 2016/2017 marketing campaign.
Originally the vendors sought $4.8 million when they put the home on the market in December 2016 but by the end of the campaign the asking price had been reduced to $3.95 million before being taken off market in October 2017.
The home was relisted as a mortgagee sale through Monica Yeoh and Jan Radley of Acton in March 2019.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-applecross-130686786" target="_blank">45 Matheson Road</a>, the home was unsuccessful at auction in April and the asking price was set at $2.6 million where it remained until the home sold in late August.
Set on 1,011 sqm, the nine bedroom, six bathroom home is just a block from Swan River.
The holding was previously purchased in 2004 for $890,000.
The home previously residing on the block was knocked down and rebuilt in 2014.
Featuring five separate living areas incorporating a tiered home theatre, the property has over 800 sqm of internal space.
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The median price for an apartment in <a href="/developments/applecross-wa-6153">Applecross</a> is $1,406,088 according to CoreLogic data.
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Applecross, WA mortgagee mansion sold for $2.5 million under original asking price

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A Clifton Beach, Queensland apartment has sold under the mortgagee auction hammer for $195,000.
The two bedroom, two bathroom apartment saw a $95,000 loss in value compared to when it last sold.
Paul Stirling and Matthew Pearce of Ray White marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-qld-clifton+beach-131639110" target="_blank">206/53-57 Clifton Road</a>, the unit resides with the Clifton Waters complex.
Set on 137 sqm, the apartment has access to a 25 metre lap pool among other complex amenities.
Featuring an open plan living area and outdoor alfresco patio, the listing describes it as a match for "the Cairns Beaches lifestyle."
Last sold in 2009, the property transacted for $290,000.
Shortly after it was purchased in 2009, the home was listed as a rental seeking $240/pw.
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The median price for an apartment in <a href="/developments/clifton-beach-qld-4879">Clifton Beach, Queensland</a> is $258,000 according to CoreLogic data.
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Clifton Beach, Queensland mortgagee apartment sold for $100,000 loss

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The Greater Brisbane industrial market has performed strongly over the last 12 months with prime rents increasing by more than 5%, land rates up by as much as 21%, and yields continuing to tighten, according to independent valuer and advisor m3property’s latest industrial report. 
The Winter 2019 report found supply constraints and strong owner-occupier and design and construct activity, especially in the e-commerce logistics area, had driven land (2000 square metre to 5000 square metre) rates across Greater Brisbane up by as much as 46% over the past three years. 
It found that investment sales, currently at circa $540 million for the first six months of the year, were well-placed to surpass what had been a big year in 2018 with circa $970 million of industrial assets transacted.  
Director of Research (Qld), Casey Robinson, said population growth, e-commerce and infrastructure projects had been key market drivers with the latter potentially playing an even more significant role as the State and Federal Governments sought to fast track some projects. 
“Brisbane’s industrial sector is experiencing boom like conditions and all indications are that the market will continue to perform strongly over the next 12 months as population growth and infrastructure projects drive even greater demand for new buildings,’’ Robinson said. 
“There were 1092 industrial buildings approved in Queensland in the year to May which is up 7.3% year on year. 
“Food manufacturers, transport/logistics operators and consumer product operators, in particular, will be behind a considerable increase in supply completions over the remainder of 2019 with most of it in the Western and M1 Corridors.’’
Robinson said an estimated 300,000 square metres of new supply was mostly pre-committed including new buildings for Coles (66,000 square metres), Australia Post (49,000 square metres) and Rheinmetall (42,000 square metres), all of which are located in the Western Corridor.
<a href="https://www.propertyobserver.com.au/images/2019/8/19/brisbane%20industrial%201.jpg" target="_blank">Click here </a>to enlarge: 
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Low yields here to stay 
Senior Valuer at m3property (Qld) Cameron Hicks said while purchaser demand continued to outweigh investment supply, downward pressure on yields would remain. 
“Demand for industrial assets has been very strong and with population growth and the mooted fast tracking of infrastructure projects, such as the strategically important inland freight rail project, continuing to drive tenant demand, the industrial investment market looks set to maintain its current trajectory,’’ Hicks said.
“That said, with the limited supply of modern buildings in the most sought after precincts, yields are likely to continue to tighten, but we should see some stabilisation towards the end of the year and into 2020.’’
He said the limited supply of land in those same precincts, especially the Australia TradeCoast both north and south of the Brisbane River, along with the trend to modern, efficient premises, would also drive further increases in land values.
<a href="https://www.propertyobserver.com.au/images/2019/8/19/brisbane%20industrial%202.jpg" target="_blank">Click here</a> to enlarge: 
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Hicks said while prime rents were expected to continue to rise, the extent of any rental growth would depend on the ability of tenants to absorb it. 
“Further real rental growth will be tested in cases where recent increases in taxable land values are passed onto tenants, and that seems likely in the majority of cases. This could negatively affect the potential for further real rental growth in the near term,’’ Hicks said. 
Hicks said the importance of the circa $10 billion Melbourne to Brisbane inland freight rail project had been underscored by recent acquisitions along the route including Garda Capital’s purchase of four properties - three of them adjoining the Acacia Ride rail yards - and a prominent Sydney based investor’s acquisition of two large properties also with rail access.  
“The inland freight rail project has already had an impact on the market and will undoubtedly continue to be a catalyst for growth with the potential to impact the entire Brisbane industrial market, especially if the line is extended beyond the Acacia Ridge terminal to the Port of Brisbane. Such an extension would result in improved connection to the Western Corridor and Toowoomba,’’ Hicks said.
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Brisbane industrial market booming with yields tightening: m3property

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Hospitality operators have signed secure leases over two buildings on Chapel Street, South Yarra.
James Lockwood and Jordan Ceppi of Fitzroys brokered the respective leases of 585 Chapel Street (pictured above) and 589 Chapel Street (pictured below). 
Both deals are secure five year deals with additional five year options.
New operator Jumi’s Café will open up at the 50 square metres space at 589 Chapel Street and will pay $55,000 per annum net.
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At 585 Chapel Street, a reputable Chinese hospitality group has leased the 75 square metre space at a similar building rate.
“The tenants were attracted to the prime locations in one of Australia’s most famous shopping and lifestyle precincts,” Ceppi said.
According to Fitzroys’ newly released Walk the Strip, Chapel Street, South Yarra vacancies came down from 18.1% to 15.6% throughout 2018/19.
Fitzroys has also just leased 539 Chapel Street to children’s toys and clothing retailer, Things Adorable for their Melbourne flagship store, and 552 Chapel Street to Melbourne Laser Clinic on a long 10-year deal.
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Two hospitality groups take up Chapel Street, South Yarra leases

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GUEST OBSERVATION
Over the past seven years more than 100 research projects at the <a href="http://www.lowcarbonlivingcrc.com.au" target="_blank">Co-operative Research Centre for Low Carbon Living</a>, in collaboration with industry across Australia, have pondered a very big question: How do we build future cities that are sustainable, liveable and affordable?
This is exactly what Australians want, as the recent Greater Sydney Commission report, <a href="https://www.greater.sydney/pulse-of-greater-sydney" target="_blank">The Pulse of Greater Sydney</a>, revealed. People want cities in which they live close to jobs and have reasonable commuting times. They want access to parks and green space, and relief from ever-increasing urban heat.
The good news is we already know what it will take to deliver on much of this wish list. Since 2012, I have headed the A$100 million Low Carbon Living CRC, which has brought together Australian businesses, industries, communities and many of our brightest researchers to work out how to steer change.
Our <a href="http://www.lowcarbonlivingcrc.com.au/resources/crc-publications/crclcl-project-reports/sp0012u3-cooling-sydney-strategy" target="_blank">Cooling Sydney Strategy</a>, for instance, is the result of years of research into how to combat urban heatwaves. The burden of this heat is unevenly spread across our cities.
For example, residents of Sydney’s western suburbs are <a href="https://www.smh.com.au/national/nsw/value-jobs-a-quick-commute-and-relief-from-urban-heat-avoid-these-parts-of-sydney-20190714-p5273e" target="_blank">exposed to many more days hotter than 35 degrees</a> than Sydneysiders living in the CBD and the city’s north. Last summer that meant over a month’s worth of intense heat in the suburb of Penrith, including <a href="http://www.bom.gov.au/climate/current/season/nsw/archive/201902.sydney.shtml" target="_blank">nine days in a row above 35°C</a>.
While the recent winter sun might feel welcome, the negative impacts of increasingly hot cities on our health, lifestyle and energy use greatly outweigh any winter comfort.
So what are the solutions?
Our researchers have already found how we can offset increasing heat. The <a href="http://www.lowcarbonlivingcrc.com.au/resources/crc-publications/crclcl-project-reports/cooling-western-sydney-0" target="_blank">strategies</a> includes cool and permeable pavements, water features and evaporative cooling, shade structures, vertical gardens, street trees and other plants – even special heat refuge stations.
Keeping cool inside, without huge power bills, is possible too. During last summer’s heatwave, our <a href="https://joshshouse.com.au/about-the-project/joshs-house-research/" target="_blank">pilot 10-star energy-efficient house in Perth</a> remained a comfortable 24°C inside, without air conditioning, when it was over 40°C outside. The exceptional thermal performance of the house was down to its evidence-based design.
<iframe src="https://www.youtube.com/embed/RqDezVOe9kw?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
Josh Byrne explains how his house keeps temperatures comfortable year-round with low energy use and no net emissions.
This work is just one part of our wider remit. Our UNSW-based centre is on track to deliver independently verified cuts of <a href="http://www.lowcarbonlivingcrc.com.au/news/news-archive/2018/11/crc-low-carbon-living-track-reduce-carbon-emissions-10mgts-2020" target="_blank">10 megatonnes of carbon emissions generated by Australia’s built environment by 2020</a>. By integrating renewable energy systems, smart technologies, low-carbon materials and people-centred design into buildings and urban precincts, we have developed a sustainable, liveable and affordable urban blueprint for Australia. A PwC study (yet to be released) estimated cumulative economic benefits totalling A$684 million by 2027.
To put this another way, we have identified and verified evidence-based pathways to cut emissions equivalent to taking some 2.1 million cars off the road.
Some of the progress to date is not immediately obvious to the casual observer. Take an otherwise unremarkable stretch of road along the back way to Sydney Airport. Recently, a <a href="http://www.lowcarbonlivingcrc.com.au/news/news-archive/2019/06/crclcl-drives-world-first-green-concrete-trial-sydney-road" target="_blank">30-metre section of concrete was installed</a>, which looks more like an ad hoc road repair than an important scientific pilot study.
Bu 15 metres is paved with a new geopolymer concrete that slashes greenhouse gas emissions by 50%. The other 15 metres is conventional concrete, the <a href="https://www.rsc.org/images/Construction_tcm18-114530.pdf" target="_blank">most widely used man-made material on the planet</a>. Concrete production, using cement as its binder, accounts for about <a href="https://reader.chathamhouse.org/making-concrete-change-innovation-low-carbon-cement-and-concrete">8% of all global emissions</a>.
The geopolymer concrete developed through our research centre is a similarly high-performance product but its binder safely incorporates otherwise noxious industrial waste streams, such as fly ash from coal-fired power stations and slag from blast furnaces. Australia has stockpiled about <a href="http://media.bze.org.au/ZCIndustry/bze-report-rethinking-cement-short.pdf" target="_blank">400 million tonnes of waste</a> from coal-fired power generation and steelmaking.
In Alexandria, in collaboration with the City of Sydney, we are testing this <a href="http://media.bze.org.au/ZCIndustry/bze-report-rethinking-cement-short.pdf" target="_blank">low-carbon concrete</a> as a road surface that could help clean up industrial waste while slashing emissions. <a href="https://www.youtube.com/watch?v=pF5UzGtlav8&amp;t=12s" target="_blank">Working with NSW Ports</a>, we’ve also shaped it into low-carbon bollards to form a breakwater to protect the coastline at Port Kembla from extreme weather.
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Waste from coal-fired power stations has been used to make low-carbon bollards to protect the coastline at Port Kembla.
We now have the know-how to do better
There are many such success stories, but with 150 CRC Low Carbon Living projects the list is too long to detail. What’s more important, as our funding period comes to an end and Australia loses its only innovation hub committed to lowering carbon in the built environment, is to note how we got to where we are today.
The federal government’s Co-operative Research Centre program fosters co-operation and collaboration on a grand scale. Industries, businesses, government organisations and communities with a stake in solving big, complex challenges partner with researchers from a wide range of academic fields. This structure brings together sectors and people whose paths might otherwise rarely cross.
The cross-fertilisation of ideas, expertise and skills delivers innovative solutions. <a href="https://www.industry.gov.au/sites/default/files/competition_or_collaboration_-_from_which_well_does_innovation_spring_-_speech_may_2018.pdf" target="_blank">Research worldwide</a> has consistently shown that collaboration drives innovation, and that innovation drives economic growth. Our experience confirms that as we partnered with organisations such as Multiplex, AECOM, BlueScope Steel, Sydney Water, ISCA, CSIRO and the United Nations Environment Program.
Cities are complex, exciting beasts, but we have the knowledge and expertise to live better, more comfortable urban lives in Australia while reducing demand for energy, water and materials. That is, we have the blueprint for low-carbon urban living. We must now choose to use it.
Deo Prasad, Scientia Professor and CEO, Co-operative Research Centre for Low Carbon Living, UNSW.
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/we-have-the-blueprint-for-liveable-low-carbon-cities-we-just-need-to-use-it-121615" target="_blank">original article</a>.
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We have the blueprint for liveable, low-carbon cities. We just need to use it

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Cedars Mount View, which has been in the same family ownership since the 1930s, has been listed for sale.
The original farmhouse sits on a 40 hectare Mount View holding.
The grounds have four luxury tourism villas, each privately positioned.
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It is located two hours from Sydney. 
Helicopters can land outside each villa for scenic flights.
Listing agent Dan Jurd says it is an easily operated business with strong cashflow. 
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It is being marketed as set within "ecologically unique, park like land, with spring fed Cedar Creek meandering through a blend of prime agricultural land".
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Cedars Mount View, Hunter Valley trophy farmhouse listed 

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A house in Queensland's Helensvale is set for auction with the proceeds going towards the Mater Little Miracles charity.
Damien Cooley's Gavel has the responsibility of auctioning off the home on Sunday September 8 at the live, no-reserve auction.
LJ Hooker Helensvale Pacific Pines agents Brad Clarke and Siarne Loeve are managing the auction campaign for The House for Life at 19 Laurel Drive.
"With 51sqm of living, it's one of the largest homes built in The Surrounds community at Helensvale," said Mr Clarke.
He said more than 300 people have come through the home during the auction campaign.
This House for Life marks the 8th year that Plantation Homes has built and auctioned a home with proceeds going to Mater Little Miracles, supporting seriously ill and premature babies at Mater. It’s the inaugural year that the house has been built on land donated by Villawood Properties.
Amanda Reilly, Plantation Homes Marketing Manager said, everything in the house, from the rugs and cushions to the bed linen, will be handed over to the new home owners.
 
CoreLogic data showed Helensvale was the second-most popular suburb across the Gold Coast in the last 12 months. 
House for Life is an initiative of Plantation Homes, Villawood Properties and Mater Foundation. All proceeds raised from the auction will go toward Mater Little Miracles. Visit www.plantationhomes.com.au and www.villawoodproperties.com.au
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House for Life in Helensvale set for charity auction

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The Midnight Hotel is set to open in Canberra in September following a Marriot International signing with Iconic Hotels.
Midnight Hotel will be a part of Geocon’s $200 million residential and commercial development in Braddon, central Canberra, open in September as an Autograph Collection hotel.
It will be the second hotel for the brand to open in Australia, following the recently renovated Pier One Sydney Harbour, Autograph Collection.
“This deal marks a significant milestone for us since it will be our first in the capital of Australia,” said Richard Crawford, Senior Director, Hotel Development, Australia, New Zealand and Pacific, Marriott International. “We look forward to working closely with Iconic Hotels to bring this hotel to this market.”
Each guest room will feature a bespoke commissioned piece of artwork by international artist and architectural designer, Thomas Bucich.
The hotel will also include facilities such as a restaurant, bar, indoor swimming pool, wellness centre, conference and event spaces and a guest lounge.
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Marriott International to open first Canberra hotel

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The Federal Court of Australia has found an AFSL holder and its former director made misleading and deceptive statements about an investment strategy targeting retired investors and investors approaching retirement, said to mimic the performance of the Australian Government’s Future Fund.
Port Phillip Publishing Pty Ltd (PPP) and its former director, Kristan Sayce, reached agreement with ASIC on the facts to be considered by the Court and the resulting contraventions of the law and the parties made joint submissions on those matters and on the declarations that should be made and penalties imposed as a result. The Court then ordered the following penalties for PPP and Mr Sayce as were proposed by the parties in that joint submission: 
<ul>
<li>$600,000 penalty for PPP; and</li>
<li>$50,000 penalty for Mr Sayce.</li>
</ul>
The two documents in which the misleading statements were made were published in September 2017 and entitled ‘Everyday Australians Now Legally ‘Piggybacking’ ‘the Future Fund’…and collecting extra monthly income injections of $540 right up to $6,667’ (Promo Letter) and ‘Your Quick Start Guide to Piggybacking the Future Fund’ (Guide). 
PPP published the Promo Letter, promoting the Guide, on two of its websites and emailed copies of the Promo Letter to approximately 200,000 subscribers. The Promo Letter and Guide promoted investing in a portfolio of specific listed investment companies and exchange traded funds which was said could mimic the performance of the Australian Government’s Future Fund. The Future Fund is Australia’s sovereign wealth fund. It is not open to direct public investment.
PPP’s Guide could only be accessed if a person subscribed to a service called Total Income and paid a subscription fee ($49). 823 people paid for a copy of the Guide. The parties also submitted that representations contained in testimonials about the Promo Letter were false and misleading.
‘If investors had adopted the investment strategy in PPP’s Guide, they were likely to have generated lower returns than the returns promoted in the Promo Letter and exposed investors to a greater level of risk than that adopted by the Future Fund in September 2017. ASIC seeks to promote confident and informed participation of investors and in this case, investors were misled,’ said ASIC Deputy Chair Daniel Crennan QC.
Background
ASIC commenced proceedings against PPP and Mr Sayce on 20 December 2018.
PPP and Mr Sayce admitted that various statements contained in the Promo Letter and Guide, which related to the identity and expertise of the author, the extent of research conducted in relation to the investment strategy and the income that could be generated from adopting the investment strategy were misleading, deceptive and false. They further admitted that the Promo Letter and the Guide failed to disclose facts about the frequency of dividend returns and risks to which an investor might be exposed from adopting the investment strategy.
PPP and Mr Sayce also relied on and misused client testimonials in the Promo Letter in that they failed to disclose that each client had never adopted the investment strategy.
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Port Phillip Publishing and Kris Sayce found liable for deception mimicking the future fund: ASIC

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]

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