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A fully-leased Hollywood Plaza large format retail centre in Adelaide has been listed for sale.
Moelis Australia Asset Management Ltd are marketing the 8080 sqm (GLA) centre which is being offered for sale by expressions of interest closing August 22.
The centre returns an annual net income of $980,000 from six separate tenancies including national tenants Cheap as Chips, Supercheap Auto, Salvation Army and Anytime Fitness, with a WALE of 5.8 years.  
According to agents - CBRE’s Australian Retail Investments team of Justin Dowers, Mark Wizel, Michael Fenton, and Kevin Tong - the 37,000 sqm site also presents investors with value-add or expansion opportunities including mixed-use development due to the low, 22 per cent, site coverage. 
The centre, located at Salisbury Downs within the City of Salisbury, about 20 km north of Adelaide’s CBD, is positioned along a main street frontage and opposite the Hollywood Plaza shopping centre, home to Woolworths, Coles, Target and 64 specialty stores. 
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Mr Fenton said the centre’s full occupancy underscored the demand from retailers for exposure to this type of asset
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Fully-leased Hollywood Plaza retail centre listed in Adelaide

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The Mernda Junction Shopping Centre in Melbourne's Northern growth corridor has been launched.
The Coles anchored shopping centre has its latest full line 4,000 sqm supermarket, which also features Liquorland and about 20 specialty retail stores.
The centre is serviced by more than 300 car parks.  
Colliers International’s Mike Crittenden and Stephanie Siadis have secured 17 tenants for the 7,000 sqm centre, with only three tenancies remaining for food &amp; beverage and service operators.  
Coles and Liquorland are joined by a wide range of retailers including Australia’s largest pharmacy retailer, Chemist Warehouse, along with Fruitful Veg Market, Billy’s Junction, Degani, Scotch &amp; Fillet, Rainbow Nails, Peoples Choice Home Loans, Mernda Kebab House, Mernda Smiles, Medical, 7 Star Pizza Pasta &amp; Grill, Kings Landing Barber, Cups n Cones and Tattslotto.  
“Located approximately 30km north of Melbourne's CBD in the City of Whittlesea, Mernda Junction Shopping Centre provides convenient shopping to the surrounding catchment of over 40,000 people,”  Mr Crittenden said.  
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A spokesman for Mernda Junction Shopping Centre said, “we are excited to launch a fantastic new neighbourhood shopping centre in the heart of Mernda at the junction of Bridge Inn and Plenty Roads. ”  
Planning for Stage 2 of Mernda Junction Shopping Centre are now underway, which will further add to the mix of uses and the vitality of the community.
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Mernda Junction Shopping Centre launched in North Melbourne

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A CBD retail investment within Melbourne’s historic Capitol Arcade has been offered to the market.
Colliers International’s Chris Ling, Anthony Kirwan and Oliver Hay have been appointed to sell Shop 3, 115 Swanston Street via an international on-site public auction campaign.  
The property has offers net lettable area of 29 sqm within the Capitol Arcade, which is home to the historic Capitol Theatre. 
“It is expected to attract wide-ranging interest from a diverse group of buyers, both local and offshore as well as first time commercial entrants due to its competitive price point,” Mr Ling said.  
Located at the heart of the Melbourne CBD’s bustling retail precinct, directly opposite Melbourne Town Hall, the property has dual access via Swanston Street and Presgrave Place. 
Shop 3, 115 Swanston Street is fully leased on a seven year term to hospitality operator 30ML Coffee.
The tenancy provides a net annual income of approximately $56,388 (approx.) with fixed annual increases.
Mr Ling said the immediate area would benefit significantly from the creation of a new Town Hall Station as part of the $11billion Melbourne Metro Tunnel project.
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Melbourne CBD retail investment in Capitol Arcade offered

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Warehousing and logistics business Silk Contract Logistics (Silk) has become the latest tenant at the Roe Highway Logistics Park.
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Located in Perth’s eastern industrial core, Roe Highway Logistics Park is a 56-hectare development strategically located adjacent to the State Government’s Kenwick Rail Freight Facility.
The logistics park was launched in late February and over 50% of the site is already committed or under negotiation. 
In addition to Silk, major tenants and businesses include Northline, BP, Brady Corporation, Expro, K-Trans WA, Joest, FUWA K-Hitch and Ideal Sales.
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Signing a long-term lease, Silk has taken up a 4-hectare lot at the industrial park with a custom-built 21,000 square metre warehouse to be constructed. 
Occupancy is scheduled for early 2020.
Linc Property’s Judd Dyer said, “in addition to the best access of any industrial site in Perth, we are able to offer tenants and buyers flexible lot sizes with custom-designed warehouses to suit their individual needs."
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It is forecast that the park will be fully committed within the next six to nine months.
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The first phase of earthworks has commenced for the adjacent Kenwick Rail Freight Facility, which is targeted for completion in late 2020.
Roe Highway Logistics Park has been developed by a consortium comprising WA’s largest private industrial land developer Linc Property, warehouse leasing specialist Gibb Group and Minderoo Group.
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Silk secure lease in Perth Roe Highway Logistics Park

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Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Group”), today announced the formation of an integrated industrial and logistics platform.
It will combine its industrial and logistics operations in Australia and Europe, and asset and property management in relation to the Group’s Singapore-listed Frasers Logistics &amp; Industrial Trust (“FLT”).
 The integrated industrial and logistics platform will become a strategic business unit representing SGD $5.4 billion assets. 
It is expected to report as a discrete strategic business unit in FY2020.
 The integrated platform will be led by Reini Otter (pictured above) as Chief Executive Officer and Matt Knox (pictured below) as Chief Financial Officer (CFO), who have both been promoted from Frasers Property’s Australian operations.
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“Our industrial and logistics business in Australia and Europe has grown rapidly over the past five years, from S$1.6 billion to S$5.4 billion1,2. We are building upon our multi-national industrial and logistics capabilities to better support the Group’s growing investment in this asset class for the long-term, in a focused and integrated fashion,” said Panote Sirivadhanabhakdi, Group Chief Executive Officer. 
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The manager of FLT will remain under the leadership of Robert Wallace as Chief Executive Officer.
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Frasers Property to form $5.4 billion integrated industrial and logistics platform

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Secon Freight Logistics (Secon), a leading transport company, have secured a 33,310 sqm facility in Truganina.
 Secon partnered with specialist property and supply chain firm, TM Insight, to secure the new Truganina facility.
The new building at 47-53 Foundation Road, Truganina was developed by Dexus and will be under a long-term lease term with Secon commencing July 2019.
This is the largest deal for an existing building in Victoria this year and comes after Secon’s recent commitment to a 21,000 sqm purpose-built logistics hub on 90,000 sqm of land in Truganina with Berton Investments.
The development features two warehouses with high internal clearance to maximise storage volume and multiple access points for vehicles. 
The two warehouses are 17,910 sqm and 15,400 sqm plus the site will also feature 6,000 sqm of super-canopy areas to protect the loading of vehicles.
Nathan Bingham, Director of Property at TM Insight says, “These recent commitments by Secon establish them as one of the largest occupiers of industrial space in Victoria, firmly cementing Secon’s position amongst the major players in the transport and logistics sector.”
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Secon make Victoria's largest industrial lease deal for an existing building in 2019

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The national industrial market is arguably the best performing property sector currently with land values up a massive 21.6 per cent, prime net face rents up 3.8 per cent, and vacancy averaging a low 2.6 per cent, according to independent valuer and advisor m3property’s latest national industrial report.  
The Australian Industrial: Winter 2019 report found prime yields were at a record lows in the June quarter 2019, ranging from 4.5% to 8.75% nationally for prime stock and 5.5% to 10% for secondary stock, with sales activity over 2018 the strongest recorded since the mid-2000’s. 
However, the report also notes a significant slowdown in online retail trade growth, according to figures reported in the NAB Online Retail Sales Index. This may see some contraction in tenant demand for the logistics sector - the most important market driver.
Vacancy also rose over the first quarter of 2019 suggesting net demand is no longer increasing faster than net supply. 
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National Director Research, Jennifer Williams, said the industrial market was undoubtedly enjoying its best period in years. Rents, which were previously stubbornly stagnant for a decade, are finally showing some real growth and land prices reflecting the enormous increase in demand for new stock on the back of the e-commerce revolution. 
“Australia’s industrial market is in the upturn phase of the current cycle and, while some states are further advanced in the cycle than others, it is generally a time when landlords should be locking in longer-term deals. 
“Sydney is experiencing boom-like conditions, Melbourne is experiencing significant land value increases and the Brisbane market is also seeing rental growth, land rates rising strongly and yields continuing to tighten,’’ Ms Williams said. 
She said, while slightly less advanced in the upturn, Adelaide was also experiencing solid demand and rental growth on the back of an impressive list of projects, while in the Perth market, prime space in the best locations was performing well, but secondary stock was languishing. 
The report found Sydney rental growth over the year to June 2019 was almost triple the long-term (25-year) annual average and land value growth was over four times the 13-year annual average, while in Melbourne tenant preference for new stock over existing space was driving significant land value increases, but at the same time constraining rental growth.
“Overall, the industrial market is travelling very well with economic stimuli including tax cuts, lower mortgage rates and easier access to loans, likely to drive economic activity and keep the industrial markets in the upturn phase of the cycle over the short-term. 
“However, the risks are growing. Prime well-located space should continue to out-perform and see further rental growth over 2019 but the secondary market is likely to have peaked in many markets and is starting to push up vacancy nationally. 
“The dip in online sales growth since late in 2018 is also a warning to investors but, more importantly, to speculative developers who need to be aware of the risk of an overblown response to the e-commerce led demand for new distribution stock. Already we are seeing a slight rise in vacancy for quality, well managed, industrial space,’’ Ms Williams said. 
January to September 2018 was one of the strongest growth periods in the history of the NAB online retail sales index (NAB 2019) with growth averaging over 1.6 per cent per month, but since then activity has slowed to an average below 0.5 per cent per month on reported numbers. (NAB, Online Retail Index reports 2018-2019).
<a href="https://www.propertyobserver.com.au/images/2019/7/16/m3property.jpg" target="_blank">Click here</a> to enlarge:
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National Director Industrial, James Farrugia, said he expected strong investment demand to continue for at least the remainder of 2019 as the existing acquisitive players in the market continued to reweight their portfolios from other asset classes into industrial, particularly logistics, assets. 
He said low interest rates and the search for yield in an asset class that has traditionally offered attractive yields, had combined with the e-commerce revolution, a downturn in the apartment market and a troubled retail market, to produce the best industrial investment market in decades. 
“Yields may tighten further, but less than the last 12 months and certainly for super prime/prime assets which have already attracted the tightest yields and are now testing a growing number of purchaser’s return on investment tolerances when assets are bought to the market and these purchasers advance through the various rounds of negotiations. 
“Secondary investments may offer more scope for tightening, however the yield gap between prime and secondary assets has already contracted considerably in the last 12 months,’’ Mr Farrugia said.  
He said any further secondary investment yield contraction would need to be supported by strong fundamentals including a location within a tight market, good prospects for underlying land and rental growth, or a strong lease covenant which would carry the asset through to a timely redevelopment or repositioning. 
Mr Farrugia said limited development/investment options in Sydney, together with steady demand for modern logistics space and ongoing interest from domestic and international purchasers, would drive increased activity across the Melbourne and Brisbane markets, particularly for land acquisitions. 
“That activity is going to put further downward pressure on yields for prime properties in the best locations and drive further speculative construction across all eastern seaboard markets,’’ Mr Farrugia said. 
<a href="https://www.propertyobserver.com.au/images/2019/7/16/m3property.jpg" target="_blank">Click here</a> to enlarge:
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Industrial market booming but online slowdown a risk factor: m3property

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Bates Smart has completed its co-working space at Hub Parliament Station on Nicholson Street, East Melbourne.
Spanning 2,775 sqm, Hub Australia’s latest Melbourne venture occupying the top three floors (levels 16 to 18) of the iconic ICI House is currently known as Orica House.
The Hub Parliament Station interior is inspired by its base building’s mid-century classic design with a Palm Springs-like influence.
Bates Smart Director, Kellie Payne said, “The building is open and invites natural light with the most incredible views of Melbourne with aspects that overlooks the Parliament Gardens and the top-end of Spring Street, and the other over the Carlton Gardens with the Royal Exhibition Building in the background."
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Accommodating over 500 members, the new co-working space includes a café, integrated barista bar/hot desks, a boardroom, large serviced meeting rooms, private offices that can be open or screened, member kitchen and lounge, fitness centre, parent and wellness rooms and a media hub.
The work-zone spine runs centrally through each floor, made up of a series of flexible, open-plan workspaces, breakout zones and dedicated rooms.
Elements of the original documentation of the base building have been incorporated within Hub Australia’s new workspace. 
Breezeblocks are used throughout, in screens, walls and joinery, referencing the existing concrete waffle slab and ground floor lobby brickwork.
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Bates Smart completes new co-working space in East Melbourne

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Global flexible workspace provider, Compass Offices, has leased an entire floor at Dexus’s 141 Walker Street in North Sydney through Colliers International.
The group signed a long-term lease across 950 square metres commencing Q3 2019. 
“Compass decided to take space in North Sydney due to the location of 141 Walker Street – the existing A Grade building will benefit from increased amenity flowing from the regeneration of the North Sydney office market, including the new Victoria Cross Metro Station currently under construction,” said Dan Walker, Director-In-Charge of Colliers International, North Sydney.  
“Furthermore, North Sydney is seen as a viable and more affordable alternative to the Sydney CBD.”  
Currently, A grade rents in North Sydney are around $800 per sqm. 
Sami Schiavi, Flexible Workplace Specialist at Colliers International said, “Companies such as Compass are responding to increasing demands for flexible workspace, which has experienced a 47% growth rate in Sydney, including the fringe and North Sydney markets, compared to 2018.” 
Andrew Rothstadt, Compass Offices’ Australian Country Manager said, “North Sydney has been a target growth area for us for some time and we are delighted to be bringing Compass Offices to the Lower North Shore.”
Other flexible space providers that have also taken space in North Sydney include WeWork at 50 Miller Street, and Victory Offices at Dexus’s newly developed 100 Mount Street, while another group JustCo is actively looking. 
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Compass Offices lease entire office floor in North Sydney

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The first month of Orion Springfield Central’s new mobile worker hub, The Third Space, has seen over 120 enquiries in the first month.
Facilities on offer at the Mirvac facility include the use of meeting spaces, individual work stations and flexible co-working areas, plus free services like scanning and printing.  
Kimberley Hill, Experience and Business Development Manager for The Third Space said, "high speed internet, parking and free printing along with our kitchen facilities are popular and the child-minding service for free at Mini Minders is a winner."
“We are already seeing monthly membership sign ups to secure spots,” Kimberley said.  
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Users range from technology and financial services businesses through to musical and massage therapy consultants utilising the free child care services and great desk space with other like-minded flexible workers.  
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It already offers free parking and a dedicated concierge who responds to calls and drop in enquiries.  
The Third Space is located in the Target Mall opposite Mini Minders, operating from 8.30am to 5.30pm, Monday to Friday, with both casual rates and monthly memberships offered during a 12-month trial of the concept.
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Mirvac's Third Space at Orion is receiving heavy enquiry

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.”

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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.”

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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.

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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" />

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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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