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A new coastal duplex in Eastern Sydney's Matraville has been sold for an undisclosed price. 
It was listed by Joshua Karam and Jarrad Holtze from McGrath Maroubra. 
Nestled on a 538 sqm block, the attached home at<a href="https://www.realestate.com.au/sold/property-house-nsw-matraville-131488358" target="_blank"> 7 Meehan Street, Matraville</a> features a free flowing floor plan.
<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/2019/8/26/matraville%202.jpg" alt="">
It comprises four bedrooms, study, gourmet stone kitchen, covered entertainers' alfresco and garage plus additional parking. 
Other highlights include heated polished concrete floors on ground level, ducted air conditioning, and east facing backyard with lawn.
<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/2019/8/26/matraville%203.jpg" alt="">
It's situated only minutes from parkland, schools, transport, cafes and Eastern Suburbs beaches. 
The holding was sold in 2016 for $1.7 million as an original free standing home. 
Built in 2018, the duplex was built following the submission of a DA valued at $723,861.
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j.ballantyne1990-6AQqhLzZaK

New duplex style coastal Matraville trophy home sold

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Boring operations for the Sydney Metro project have broken through at North Sydney and entered the biggest underground cavern built so far.
Premier Gladys Berejiklian and Minister for Transport Andrew Constance were present at the new Victoria Cross Station 25 metres below ground.
Ms Berejiklian said, “TBM Wendy has tunnelled 4.5 kilometres from Chatswood in eight months and only has another 1.7 kilometres to reach the edge of Sydney Harbour at Blues Point." 
“This is incredible progress on the next stage of Sydney Metro which will take the North West Metro, under the harbour, through the CBD and on to Bankstown,” she added.
Mr Constance said Sydney Metro is Australia’s biggest public transport project and will deliver turn-up-and-go Metro train services to 31 stations along a new 66 kilometre railway.
The cavern at Victoria Cross is 40 per cent bigger than both the cavern being built at Barangaroo and the cavern built under Castle Hill on the new North West Metro.
The 150-metre-long TBM Wendy is named after Wendy Schreiber, a volunteer at Bear Cottage.
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Sydney Metro boring operation breaks through in North Sydney

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A Maribyrnong, Victoria apartment has sold for $515,000 under the mortgagee auction hammer.
The latest sale represents a loss of $57,000 since the property was purchased off the plan in 2010.
Amanda Draper and Edward Thomas of Edward Thomas marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-maribyrnong-131615574" target="_blank">113/20 Pier Lane</a>, the property consists of a two bedroom one bathroom apartment.
The property was sold at auction with a price guide of $500,000 to $530,000.
It has been listed as a rental three times since its purchase, in 2012 seeking $500/pw, 2013, seeking $420/pw and more recently in 2018 when it sought $460/pw.
Located on the waters edge, the Edgewater Escape property holds views overlooking the Marina and the Maribyrnong River with easy access to public transport, cafes and other amenities.
Last sold in 2010, the 2011 built apartment transacted for $572,423.
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The median price for a home in <a href="/developments/maribyrnong-vic-3032">Maribyrnong</a> is $480,000 according to CoreLogic data.
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Maribyrnong, Victoria mortgagee apartment sold for $60,000 loss

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A Northam, West Australia mortgagee house has sold for $151,000.
The sale represents a loss of $143,000 compared to the previous sale price, a near 50% reduction in value.
Jessica Clark of Bob Davey Real Estate marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-northam-130614618" target="_blank">18 Selby Street</a>, the abode consists of a three bedroom one bathroom house.
Set on 1,175 sqm, the home comprises 109 sqm on internal space.
Last sold in 2014, the house transacted for $298,000.
The asking price for the property was originally $210,000 when the property was listed in February 2019 but in April it was reduced to $179,000 and in May it was slashed again to $150,000.
The 1935 built house previously sold in 2012 for $205,000 
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The median price for a house in <a href="/developments/northam-wa-6401">Northam</a> is $222,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0%. 
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Northam, WA mortgagee home sold for half price

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A Chinchilla, Queensland home has been sold for $190,000 following an mortgagee auction.
The five bedroom, one bathroom house had been listed for auction over the past five years, the first in 2014 and the second in July 2019.
Trina Martin of Surat Basin Real Estate marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-chinchilla-131135102" target="_blank">119 Gormleys Road</a>, the property is a timber house on stumps, according to the listing.
Set on a 8,236 sqm plot, the abode features 258 sqm of internal space
Built in 1950, it is located a short distance from the Chinchilla train station and other amenities.
Last sold in 2006 the property transacted for $82,000.
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The median price for a home in <a href="/developments/chinchilla-qld-4413">Chinchilla</a> is $191,00 according to CoreLogic data.
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Five bedroom Chinchilla, Queensland mortgagee home sold

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A circa 1880's stone mortgagee home in Mannum, South Australia has sold for $195,000.
The house sold for slightly more than when it last sold. In 2004 it transacted for $189,000.
Mark Egan of Landmark Harcourts marketed the property.
Situated at <a href="https://www.realestate.com.au/sold/property-house-sa-mannum-129815358" target="_blank">559 Purnong Road</a>, the three bedroom one bathroom house sits facing the Murray River.
Set on 1 hectare, the abode features 122 sqm of internal space. 
The property was offered with an asking price of $202,000, $7,000 more than what the property settled for.
CoreLogic only records two other instances in which the home changed hands, first in 1998 for $50,000 and then in 1999 for $100,000.
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The median sale price for a home in <a href="/developments/mannum-sa-5238">Mannum</a> is $249,000, according to CoreLogic
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Historic 1880's Mannum, SA mortgagee home sold

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<div class="assets">
The developer of an apartment block neighbouring the beleaguered Mascot Towers has disputed claims it could be to blame for the building's cracks.
</div>
<div id="article-titan-mobile-pos1" class="advertisement">The Mascot Towers residents have been presented preliminary findings from a report into what may have caused the cracking, but the case has not been expressly pinpointed.</div>
<div class="advertisement"> </div>
<div class="advertisement">A meeting that lasted nearly 5 hours was held on Thursday night, attended by more than 300 people who were evacuated on June 14 due to worsening cracking and movements that date back many years.</div>
<div class="assets">
There had been earlier engineering advice that potentially linked the building's issues partly to Aland's next-door development called Peak Towers.
</div>
<div class="assets">
But Aland on Friday said it was "completely confident that an independent investigation will confirm that the failures at Mascot Towers are unrelated to construction nearby."
</div>
<div class="assets">
"We believe the comments of the building commissioner at the NSW parliamentary inquiry support Aland's contention that the problems at Mascot Towers pre-date any work undertaken by Aland."
</div>
<div class="assets">
After visiting Mascot Towers last week, the newly appointed building commissioner David Chandler told an upper house committee that he'd not seen many building as poorly built.
</div>
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"I'm quite certain the builder didn't know how to read any construction plans because the faults that are in that building are simply someone who didn't pay any attention to them," Mr Chandler told MPs.
</div>
<div class="assets">
A dilapidation report prepared in 2017 for Aland's pending construction found parts of the Mascot Towers complex were in "reasonable-to-poor" prior to the construction of Peak Towers.
</div>
<div class="assets">
It noted cases of cracking, material loss, material separation and efflorescence - the deposit of white crystalline salts on concrete.
The Daily Telegraph reported Aland rejected a request for access­ from lawyers representing the Mascot owners corporation for access because it “did not demonstrate a genuine need from an engineering perspective as to why it was required”.
“The information sought could either have been obtained­ from plans and associated reports relating to Peak Towers, or bore no relevance to the access that was requested,” it said.
Legal proceedings <a href="/news/not-us-says-aland-as-mascot-towers-crack-concerns-investigated-in-2011">against the adjacent ALAND-built Peak Towers building</a> are being considered after engineers were denied access to the site.  
</div>
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Aland deny any Mascot Towers culpability but refuse access to neighbours

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Local buyers in western NSW are looking to expand their land footprints, a new report has found.
According to Colliers International‘s NSW Western Division Grazing Market Update increases in livestock prices and low interest rates have contributed to a 20% increase in land values in the region.
The report indicates that demand is outstripping supply for pastoral grazing land, with interest coming from both family and corporate buyers.
Colliers International’s top factors impacting the NSW pastoral market:
<ul>
<li>Strong commodity prices for mutton, lambs, wool and goats. Meat sheep in particular has transformed profitability within many pastoral operations through improved lambing percentages and strong growth rates. Cattle prices are also relatively firm.</li>
<li>The wool market surged to record highs throughout 2018 and early 2019. More recently however, the market has pulled back but is still considered favorable for wool growers. Offshore demand is the main market driver with demand primarily from China heavily influencing prices.</li>
<li>Australia’s sheep flock numbers are at historical lows as is the national cattle herd size which is still in a rebuilding phase.</li>
<li>A softening Australian Dollar has benefited commodity prices (particularly wool) however this may also increase some input costs such as diesel.</li>
<li>Interest rates are low and stable.</li>
<li>The market’s recognition of lower operating expenses associated with pastoral grazing in comparison with higher rainfall areas (no fertiliser or pasture development and reduced animal health treatments).</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%201.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/2019/8/20/nsw%20grazing%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%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/2019/8/20/nsw%20grazing%202.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%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/2019/8/20/nsw%20grazing%203.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/8/20/nsw%20grazing%204.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/2019/8/20/nsw%20grazing%204.jpg" alt="">
Source: Colliers International 
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Grazing land in western NSW in high demand

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A new $83 million mixed-use development in Maroochydore has been given the green light.
Economic Development Queensland has ticked off on the proposed two residential towers and six Small Office-Home Office (SOHO) townhouse project.
The project will be on a 4158 square metre parcel of land in the new CBD.
There will be a total of 152 units across the two towers.
Habitat Development Group Managing Director Cleighton Clark said the SOHOs will offer a new style of office product in the Sunshine Coast market.
The number of small businesses on the Sunshine Coast has grown by 2.5% over 2018, ABS data indicates.
 “The SOHOs have clearly hit the mark for this sector, providing a perfect combination of work and home in one property,” Clark said.
The SOHOs will have a non-residential space on the ground floor, which can be used for an office, shop, food and drink outlet or other kind of business. 
Work is expected to start on the project in February 2020.
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New $83 million mixed-use project in Maroochydore given green light 

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A Bulimba, Queensland mortgagee apartment has been successfully sold for $335,000.
The sales represents a reduction in the value of $54,000 compared to the previous sale price.
Jared Candlin and Michael Clarke marketed the unit.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-qld-bulimba-131592998" target="_blank">107/425 Hawthorne Road</a>, the property consists of a one bedroom, one bathroom apartment with a single parking space.
Set on 74 sqm, the abode successfully sold under the auction hammer on August 18.
The home was listed as a rental as recently as 2014 and 2015 seeking $395/pw, less than what it sought when it was listed as a rental in 2012/2013 when it asked for $420-$435/pw
Last sold in 2011, the unit transacted for $389,000.
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The median sale price for a home in <a href="/developments/bulimba-qld-4171">Bulimba</a> is $600,000, according to CoreLogic
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Bulimba, Queensland mortgagee home sold for $54,000 loss

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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