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A home in Frenchville in Queensland's Rockhampton region has been sold by the mortgagee in possession for $235,000, reflecting a $115,000 loss.
The three bedroom, one bathroom house on 605 sqm last sold for $350,000 in 2011.
The home at <a href="https://www.realestate.com.au/sold/property-house-qld-frenchville-130657598" target="_blank">238 Flowers Avenue</a> sold after 555 days on the market.
Originally listed in December 2017 the property had an asking price of $339,000 through Dan Ware of Mr Real Estate.
Throughout the life of the listing, the asking price was reduced six times to $250,000.
There was also an unsuccessful auction in April 2019.
The property even went back on its 2007 sale when it sold for $290,000.
Built in 1975, it is a two story property with a two car garage.
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The median price for a home in <a href="/developments/frenchville-qld-4701">Frenchville</a> is $320,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.1%. 
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j.ballantyne1990-6AQqhLzZaK

Frenchville, Queensland mortgagee home sold for $115,000 loss

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A house in Western Australia's Nickol, near Karratha in the Pilbara region, has been sold by the mortgagee in possession for a $357,000 loss.
The home at <a href="https://www.realestate.com.au/sold/property-house-wa-nickol-131332210" target="_blank">6 Mayo Court</a> sold under the hammer for just $293,000, 44% of the value it sold for in 2007 when it transacted for $660,000.
Situated on 705 sqm, the home was marketed as "perfect for the investor or home occupier alike."
It is a three bedroom, one bathroom property which features an open plan kitchen and living area with a rear patio.
Rachel Ross and Tiffinie Guillesser marketed the property that was once owned by the State Housing Commission.
The State Housing Commission originally sold the house in 1992 for $76,500.
Its demise in value was also reflected in its rental worth.
In three years its rental asking price dropped by $600 a week.
It sought $1,050 a week in 2011 before asking $675 a week in 2014. The home failed to find a tenant and was listed for $550 a week later in the month.
Currently the median rent in Nickol is $480 a week.
Property Observer recently wrote about another <a href="/expert-insights/buying/four-bedroom-nickol-wa-mortgagee-home-sold">Nickol mortgagee, 10 Brolga Meander</a>, which sold in May.
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The median price for a home in <a href="/developments/nickol-wa-6714">Nickol</a> is $365,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0.3%. 
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Nickol, WA home sold by mortgagee for half prior sale price amid falling rental market

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The empty site of a Toorak mansion controversially demolished in 2015 has been put up for sale with expectations of $40 million to $44 million.
It is owned by Xiaoyan “Kylie” Bao, who paid $18.58 million in 2013 for St Georges Road trophy home, Idylwilde.
<div class="in-content-ad">
<div class="ad">The Herald Sun report its listing arises after a matrimonial separation.</div>
<div class="ad"> </div>
<div class="ad">It was torn down much to the outrage of local residents.</div>
Domain reported a caveat was placed last week on the property tile by corporate entity Abacus Calculators (W.A.) Pty Ltd claiming an interest as chargee.
The oversized block is a little over 4250 square metres sitting empty for almost four years.
The 16 St Georges Road, Toorak has been issued with a building permit for a single dwelling, Stonnington council confirmed.
“Council has no authority to prevent blocks sitting vacant, and cannot instruct an owner to develop the land,” interim chief executive officer Simon Thomas told the local paper.
Council asked the then Liberal Government planning minister Matthew Guy for interim heritage controls which was rejected.
Idylwilde, the historic 1913 Edwardian villa with art nouveau influences, aka Ulva, was bulldozed by the Chinese tycoon Wang Hua, from the Jeshing Group and his wife, Xiao "Kylie" Yan Bao.
It was <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">bought for $18.58 million </a>from LU Simon boss Peter Devitt and his wife Jo and their family who owned it for the 16 years.
It was marketed internationally via a short film produced by Golden Eye Media. 
<a href="https://www.propertyobserver.com.au/images/stories/2013/09/23/toorak-sept-23-floorplan-big.jpg" target="_blank">Click to enlarge</a>
<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/stories/2013/09/23/toorak-sept-23-floorplan-small.jpg">
 
<a href="/news/chinese-tycoons-heritage-edwardian-toorak-villa-demolition-plans-thwarted">The mainland Chinese buyer</a> flew into Melbourne on their private jet to put the signature on the sales contract.
It has been reported Wang Hua, from the Jeshing Group, ranked in 2013 as China's 790th richest person, with a net worth of $400 million.
It was alleged on a visit to Australia, Mr Wang brought in a suitcase full of US dollars that was deposited in a local branch of a mainland Chinese bank, according to allegations in court documents. 
Melbourne’s house price record stands at $52.5 million for the Stonington mansion in Malvern.
 
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Demolished Toorak trophy home Idylwilde site relisted at $40 million plus

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Commercial real estate investment in Australia reached a new record level of $42.6 billion in transactions during the 2019 financial year (FY19), up 22% from the $34.9 recorded in FY18, according to Cushman &amp; Wakefield research.
Their research showed, during the financial year, investment in office assets reached a new high of $23.1 billion boosted by a number of major transactions as the financial year came to a close.
The transactions they refer to are Dexus acquiring 80 Collins Street, Melbourne for $1.476 billion, and the sale of 100 Market Street and 77-85 Castlereagh Street, Sydney to Blackstone for $1.52 billion.
Office investment volumes were highest in New South Wales which recorded a total of $10.2 billion in FY19, with Sydney remaining the most active market for office transactions in FY19.
Cushman &amp; Wakefield research shows that Sydney CBD prime gross effective rents grew 9.1% in the 12 months to June 2019, well above the long-term average, while vacancy declined to 4.1%.
Cushman &amp; Wakefield’s Head of Research, Australia and New Zealand, John Sears, said, “Investment in Australian commercial property remains in strong territory, with sustained investor demand for office assets across the country as rents ran higher and vacancies tightened. We saw landmark office deals in Sydney and Melbourne recently completed, and the pipeline remains strong. In Brisbane, the investment outlook remains positive and a number of office assets are commanding strong investor interest and are likely to transact in Q3.”
“With the bond yield falling around 130bps in the 2019 financial year and office yields remaining steady, the relative attraction of these assets also helped buoy investor demand. However, we are not yet calling the bottom of the yield cycle. Solid rental growth, improving funding costs plus the blowout in the spread to bonds suggests there is still room for commercial yields to decline further,” Mr Sears said.
Foreign investment also trended higher in FY19, recording a total of $19.3 billion and accounting for 45% of all transaction volumes.
Multinational investors such as Blackstone were among the major sources of foreign investment into Australia, while Canada and Singapore were also prominent sources of inbound capital.
Cushman &amp; Wakefield’s Managing Director CRE NSW, Simon Fenn, said, “The combination of stock withdrawal, the development of quality pre-committed supply and an unprecedented infrastructure spend is drawing both local and offshore capital.”
“With CBD stock unable to meet demand, investors are increasingly looking to metro areas that are also experiencing strong leasing conditions.”
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Commercial real estate investment reaches new record high of $42.6 billion

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A Glenmore Park, NSW home has sold under the mortgagee auction hammer.
The four bedroom, two bathroom house sold for $607,000.
Geoffrey Blaauw and Hayden Green of Response RE marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-glenmore+park-131340562" target="_blank">22 Woodlands Drive</a>, the property sold on June 29.
Set on 660 sqm, the one story house ""offers a large backyard with potential for an alfresco area (STCA)," according to the listing.
The house was first sold in 1994 by the Housing Department for $80,000.
It was then sold in 1995 for $82,500.
Last listed for rent in May 2018, the asking price was $500/pw identical to the price in 2015, which was an increase on the 2011 asking rental price of $450/pw.
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The median price for a home in <a href="/developments/glenmore-park-nsw-2745">Glenmore Park</a> is $735,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 6.8%. 
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Glenmore Park, NSW home sold under mortgagee auction hammer

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A Briar Hill, Victoria townhouse has sold at June auction for $558,000.
The two bedroom one bathoom abode is set on 188 sqm.
Scott Conboy and Danielle Vella of Ray White held the listing.
Situated at 2/25 Williams Road, the one story property has a single car garage.
The open plan living area features two balconies.
According to the listing, "the home is ideal for downsizers, investors and first home buyers."
It is located close to public transport, parklands, shops and other amenities.
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The median price for a home in <a href="https://www.realestate.com.au/sold/property-unit-vic-briar+hill-131266762" target="_blank">Briar Hill</a> is $805,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7.1%. 
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Briar Hill, Victoria home sold under the mortgagee auction hammer

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A four bedroom, two bathroom Woorree, West Australia, house has sold for $290,000.
Located in Woorree, an eastern suburb of Geraldton the abode was sold for an increase in price of just $17,000 after being held for 18 years.
Sold after two months on the market, the home traded for $35,000 below its $325,000 asking price.
Doug Fabian of Ray White marketed the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-woorree-131148738" target="_blank">29 Polo Road</a>, the one story house was built in 1982.
Set on a 1 hectare plot, the property features 75 metres of street frontage.
According to the listing, "This home... does require lots of TLC".
It remained on market for 57 days at the same asking price of $325,000.
Last sold in 2001, the home transacted for $273,000.
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According to CoreLogic, the annual change in <a href="/developments/woorree-wa-6530">Woorree's</a> median price over the past 10 years is -1.7%.
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Woorree, WA mortgagee home sold $35,000 below asking price

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The Australian Prudential Regulation Authority (APRA) has announced that it has loosened the serviceability restrictions on home loan mortgage assessments.
It will allow borrowers to lift the size of their loans as lenders will be allowed to provide mortgages up to 14 per cent larger.
In a letter to lenders issued Friday, APRA confirmed its updated guidance on residential mortgage lending.
They will no longer expect them to assess home loan applications using a minimum interest rate of at least 7 per cent or 7.25 per cent which has been the common industry practice.
Lenders will use a revised interest rate buffer of at least 2.5 per cent over the loan’s interest rate.
AMP Capital chief economist Shane Oliver noted the prudential changes were yet to have a real impact, although they would have helped sentiment at auctions.
“The interest rates cuts and the election result are the main factors,” he said. 
Federal Housing Minister Mich­ael Sukkar said yesterday there was renewed confidence and “tentative green shoots” in the housing market.
“With the dark clouds of Labor’s housing taxes — abolishing negative gearing and doubling capital gains tax — gone after the election, two successive interest rate reductions and the Aust­ralian Prudential Regulation Authority’s sensible changes to the serviceability buffer, there are good reasons to be confident about the Australian housing market,” he said.
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APRA loosens home loan serviceability restrictions 

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The weekend auction success rate gathered momentum amid the winter seasonal listings slowdown.
With fewer properties offered, Sydney's preliminary clearance rate jumped to 78 percent and Melbourne hit 70 percent.
Auction volumes fell week-on-week across all capital cities, while the preliminary results had clearance rates up in all cities except Perth.
<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/2019/7/8/Core%20Logic%20-July%208.jpg" alt="">
<div class="_3MT_w">The weekend's priciest auction offering was a stunning beachside home at Manly, which failed to sell.</div>
Despite the buyer interest, it was passed in on a $15 million vendor bid at Manly, as none of the three registered bidders nor several other contract holders were willing to bid for the Vince Squillace-designed home.
Set on an 822sqm block, the three level home at <a href="https://www.clarkeandhumel.com.au/buy/for-sale/38-bower-street/" target="_blank">38 Bower Street</a> (above and below) has multiple living spaces that spill out on to terraces surrounded by tropical gardens.
A whole-floor home office opens to a rooftop terrace overlooking Shelly Beach and Cabbage Tree Bay.
<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/2019/7/8/38%20Bower%20Street%20Manly%202.jpg" alt="">
The home was auctioned after Michael Clarke and Cherie Humel, in conjunction with Jake Rowe, gave a price guide of $15 million to $16.5 million.
It was listed by outdoor sports advertising boss Ray Balcomb and his wife Julie, who designed the home to emulate a luxury Greek villa.
Last sold for $7.25 million in 2013, the Bower St home was until two years ago their weekender as they lived in Duffys Forest on one of Sydney’s finest equestrian estates. 
The dearest sale across the capital cities was $4,175,000 at Elizabeth Bay through Ray White agent Nick Thompson.
The three bedroom, two bathroom <a href="https://www.propertyobserver.com.au/https://raywhiteelizabethbay.com.au/properties/sold-residential/nsw/elizabeth-bay-2011/apartment/2122790" target="_blank">35/93 Elizabeth Bay Road</a> (below) apartment sits on the top floor of the early 1980s Kincoppal complex.
<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/2019/7/8/Elizabeth%20Bay%20apartment.jpg" alt="">
It has 274sqm of living space plus a 33 sqm double garage.
It last sold at $925,000 in 1986, and ranked as the seventh apartment within the complex to have fetched $4 million plus in the past seven years.
It sold to an investor with two other apartments in the harbour front complex.
Melbourne's top sale was also a waterfront.
Overlooking boat sheds, the <a href="https://www.hockingstuart.com.au/property/3-15-morton-grove-chelsea-vic-3196-139158" target="_blank">3/15 Morton Grove, Chelsea beachfront townhouse</a> (below) offering was sold pre-auction at $2 million.
<img src="https://www.urban.com.au/images/2019/7/8/Chelsea%20Beachfront.png" alt="">
It had $2.4 million to $2.5 million guidance late last year through Hocking Stuart after its recent completion.
Brisbane's top sale was when a Queensland pastoralist bought at Clayfield for $2.8 million. 
The 1929 trophy home, Highgate sold through Ray White having been initially listed with $3.2 million hopes with another agent.
Designed by Richard Gailey, the Spanish mission residence at <a href="https://www.propertyobserver.com.au/https://rwnf.com.au/properties/residential-for-sale/qld/clayfield-4011/house/2120755" target="_blank">117 Adelaide Street E, Clayfield</a><a href="https://www.raywhite.com/qld/clayfield/2120478/" target="_blank"> </a>(below) has been tightly held for the past four decades. 
Set on 1,710 sqm, Highgate has six bedrooms, formal and informal dining and lounge rooms, a freestanding office and a billiard room.
Under a terracotta tile roof, Highgate still has a number of original features, including a working fireplace, lead lighting, french doors, hardwood floors, decorative horse-hair plaster ceilings, and hand-cut crystal chandeliers.
In the grounds is a saltwater swimming pool.
<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/2019/7/8/East%20Clayfield.jpg" alt="">
Christine Rudolph and Matt Lancashire of Ray White New Farm had the listing. 
The nation's cheapest sale came in Sydney when a three bedroom Willmot house fetched $232,000.
The fire damaged <a href="https://lsre.com.au/property/house-nsw-willmot-1p3838/">6 Balboa Place offering</a> was marketed by Laing &amp; Simmons as having dual occupancy potential given its 626 sqm block.
The first week of July saw the combined capital city clearance rate above 60 per cent for fourth consecutive week, according to CoreLogic which put the national figure at 68 percent.
Auction volumes remain lower year-on-year, with 1,411 auctions held this time last year, compared to 945 capital city auctions this weekend, which included 388 in Melbourne and 552 in Sydney.
There had been a higher 1,295 capital city homes auctioned in the last week of June. 
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Manly trophy home passed in on $15 million vendor bid amid strenthening weekend auctions

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Ballina 234, a new house-and-land package at Point Cook, Victoria fetched $736,000 at weekend hockingstuart auction.
The proceeds raised from the no-reserve auction have been donated to the Maddie Riewoldt’s Vision charity to fund research in the fight against bone marrow failure syndrome.
Designed by Fairhaven Homes, the single storey house at <a href="https://www.realestate.com.au/property-house-vic-point+cook-131150374" target="_blank">12 Joyce Street, Point Cook </a>comprises four bedrooms, rumpus, large open-plan living/meals/kitchen area, covered alfresco area and fully landscaped garden. 
Other features of Ballina 234 include kids’ wing with study nook, designer lighting, driveway and fencing.
The home will come complete with $50,000 worth of furniture and a 12 month Foxtel Platinum Package.
The lucky bidder also received a new Mercedes Benz to park in their new double garage.
<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/2019/6/27/point%20cook%202.jpg" alt="">
Situated on a 425 sqm block within Satterley’s Upper Point Cook Estate, Ballina 234 is just a few steps from Upper Point Cook estate’s recently opened $2.4 million 1 hectare park.
The 1800-lot residential estate won the Best Residential Community Over 250 Lots in the 2018 Urban Development Institute of Australia awards. 
<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/2019/6/27/point%20cook%203.jpg" alt="">
Surrounded by walking and cycling paths, the development features 14ha of open space, parks and playgrounds and brand-new childcare centre. 
The buyers, who plan on moving in, live a few streets away with their two sons and wanted to stay in the area.
 
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Maddie Riewoldt’s Vision charity home at Point Cook sells for $736,000 at charity auction

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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