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Brisbane's first half of this year has been more conservative than progressive, according to the latest Herron Todd White (HTW) residential report. 
"As far as property markets go in 2019, it’s fair to say we’ve been less dramatic than our southern cousins – but in a good way," the valuation firm said. 
"The general consensus among our valuers is that Brisbane has been a steady performer across the board.
"There was some minor price softening in our markets, but not enough to give owners the jitters.
"In addition, when compared to some of the country’s larger markets, we were probably considered a stellar performer by some."
The report noted that while many of their metrics have looked promising for growth at the start of this year, forces pulled in the other direction too.
"We are affordable in comparison to southern capitals –so the draw for borderless investors and lifestyle nomads is strong," the valuation firm stated.
"You only need to check out Queensland’s rising net interstate migration numbers to appreciate what’s going on.
"Another plus is infrastructure projects, both underway and planned, that are set to boost our employment prospects while also improving lifestyle for residents."
That said, the tough lending environment played its part.
"Top this with a good dose of federal election market paralysis, and you might see why Brisbane – even with all its positives – still couldn’t break free and run hard," the HTW report noted. 
"Of course, with the election over and APRA starting to relax borrowing guidelines, it could be brighter times in the months to year’s end. 
"So, let’s drill down a little."
The HTW team noticed the credit crunch of tighter lending hit the sub-$2 million market the hardest.
While there were still enough buyers with the desire to purchase in this bracket, their aspirations were slowed by loan rejections.
The result has seen properties sitting on the market for longer than in previous years and, in some instances, asking prices are being reduced slightly to achieve a sale.
According to the report, another interesting occurrence which reflected on tough finance has been changes to sale conditions.
"This manifested in the rise of finance clauses that were regularly running at 21 to 30 days," the valuation firm said. 
"This is fairly lengthy when compared to previous years where seven to 14 days finance was all that was needed."
One of the bright sparks in Brisbane market was property priced above $3 million.
It seems that many of these purchasers were immune to finance, politics and other economic bad news – sales are still performing well across many suburbs.
A recent above $3 million sale was a South Brisbane penthouse redesigned by award-wining building designer Chris Clout.
As the only rooftop apartment in South Bank, the apartment at<a href="https://www.realestate.com.au/sold/property-apartment-qld-south+brisbane-130491942" target="_blank"> 2201/289 Grey Street</a> (pictured below) with 280 degree views has been sold for $3.28 million.
It comes with three bedrooms, living area, kitchen with integrated appliances, and infinity edge pool with wet bar. 
<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/s%20brisbane%20.jpg" alt="">
"Looking at property types and our market continued to tread cautiously in relation to high-rise units – particularly investor stock.
"It’s true that the oversupply fears have eased somewhat.
"Prescient developers who, a few years back, could see problems looming, decided to mothball projects, sell off sites or reconfigure stock." 
That said, there is still a good supply of available apartments in Brisbane and there’s also limited to no demand from foreign, local or interstate investors for this stuff.
As such, the value softening continued.
Owner-occupier boutique product completed to a high standard was, on the other hand, holding up pretty well, although development sale rates would be considered historically low.
"If you were purchasing a unit at the start of 2019, hopefully it was one that would appeal as much to owners as it would to investors," the valuation firm said. 
According to the valuation firm, the first half of this year has also seen rentals start to bounce back and increase slightly and gradually.
This will be a relief for landlords who were trying to sit tight and stay calm during tougher lending times.
A three bedroom parkside apartment located within minutes to Brisbane CBD has been listed for lease for $745 a week. 
The first floor apartment at <a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-426544002" target="_blank">7084/7 Parkland Boulevard</a> (pictured below) comprises two bedrooms, third bedroom or study, open plan living and kitchen area, and north-facing balcony with views of parklands.
The building features lift access, pool and gym.
<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/brisbane%20.jpg" alt="">
Finally, the past six months in new house and land, particularly in large outer suburban estates, slowed in terms of sale rates.
"So, what surprised us the most in this first six months of the year? Well, the election result seems to have caught many off guard.
"We know a few in the industry were resigned to the idea that a new government would bring tax changes to the property sphere, but that turned on a dime the Monday after election weekend.
"In fact, the feeling is pent up demand for investing in real estate will be released as we travel through to the end of the year.
"This may well result in improved values too, but let’s report on that when December rolls around."
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j.ballantyne1990-6AQqhLzZaK

Brisbane sees strong performance in over $3 million sales: HTW residential 

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The Elysian, a three level 2010-built contemporary residence in Melbourne's Sanctuary Lakes, has hit the market with a price guide of $2.5 million to $2.65 million.
It has been offered by Fadi Saad and Kristy Wang from Sanctuary Lakes Real Estate. 
Nestled on an 865 square metre block, The Elysian at <a href="https://www.realestate.com.au/property-house-vic-sanctuary+lakes-130793886" target="_blank">11 Pelican Point Road, Sanctuary Lakes </a>comprises four bedrooms plus study, four bathrooms, multiple living areas and gardens.
<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/2019/7/4/sanctuary%20lakes%202.jpg" alt="">
The ground floor comes with formal lounge, study, separate living room, formal dining room and guest bedroom with ensuite bathroom.
The first floor features hotel-inspired master bedroom, two additional bedroom and multitude balconies. 
<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/2019/7/4/sanctuary%20lakes%203.jpg" alt="">
There is a self-contained studio with separate access including kitchen, meals, living, bathroom and large store room. 
Other highlights of The Elysian include gas-heated swimming pool, floor to ceiling architecturally designed curved windows, timber flooring, designer kitchen and provision for home theatre in the family room. 
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Sanctuary Lakes trophy home listed for $2.5 million plus

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Beach Haven, a four bedroom Tasmania home, remains listed for sale.
It has been on sale for more than a year now.
Set on 12 hectares, the property comes with 700 metres fronting the Chain of Lagoons Beach on Tasmania's east coast. 
It has been offered by Jason Harbottle from Tasmania Sotheby's International Realty.
The lot at<a href="https://www.realestate.com.au/property-acreage+semi-rural-tas-chain+of+lagoons-131404022" target="_blank"> 20116 Tasman Highway, Chains of Lagoons </a>offers a diverse allotment of natural bush, sand dunes, good pasture and a well-developed, highly functional living site.
<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/2019/7/4/chain%20of%20lagoons%203.jpg" alt="">
It has dual use currently with two dwellings catering for residential and visitors accommodation.
Each dwelling comes with two bedrooms and one bathroom.
<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/2019/7/4/chains%20of%20lagoons%202.jpg" alt="">
The property is close to Picaninny Point.
CoreLogic report its last sold in 1986 at $25,000. 
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Home at Tasmania's Chain of Lagoons Beach remains listed for sale

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The momentum generated in Mackay throughout 2018 has continued in 2019, with most agents reporting good demand, shorter selling periods and increasing sale volumes, according to the latest Herron Todd White (HTW) residential report.  
The report suggests that this trend has been evident across almost all market sectors except for units, which are continuing to struggle.
According to the report, there is a general optimism in the Mackay economy and the resource sector.
Large infrastructure projects (such as the Mackay Ring Road) are well underway, increased employment opportunities in the resource sector and servicing industries in Mackay, as well as a building industry that is slowly bouncing back, are some of the factors underpinning this momentum.
The vacancy rate has fallen to lows not seen in half a decade and sit well below 2%, which has resulted in some significant increases in rental values, between $20 and $50 per week for standard dwellings.
A fully furnished two bedroom unit within walking distance to Mackay CBD is currently on the market with a price guide of $350 per week.
The two-level renovated unit at <a href="https://www.realestate.com.au/property-house-qld-mackay-425757286" target="_blank">1/20 Byron Street</a> (pictured above) comes with two bedrooms on the upper level, open plan living room, and renovated kitchen and bathroom.
The water usage is included in weekly rent. 
This tightening of the rental market and increased rental value pressure has had a flow on effect in the owner-occupier and investment housing sale market and contributed to increased demand.
"However, on the back of this momentum, we have not seen any significant rises in median house prices yet, with small gains of around 3% to 5% only in some areas," the valuation firm said.
<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/2019/7/2/mackay%202.jpg" alt="">
A current listing is a three bedroom house within walking distance to the Mackay CBD priced $345,000.
Set on a 425 square metre block, the air-conditioned home at <a href="https://www.realestate.com.au/property-house-qld-mackay-131054350" target="_blank">36 Griffin Street</a> (pictured above) comprises three bedrooms, open plan living/dining/kitchen area, undercover patio and small garden.
"One issue reported by local agents is the effect of the uncertainty prior to the election and possible changes to taxation around property," the HTW report said. 
"They report that there has definitely been a wait and see attitude, especially from investors, which resulted in a drop in enquiry and sales volumes over the past month."
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Mackay residential market remains strong: HTW residential 

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Twenty-five lenders have announced rate cuts for their variable rate home loan customers since the RBA cut the cash rate on Tuesday.
So far eight lenders have confirmed they will be passing on the full 0.25% cut to all their variable rate customers.
Just four of these lenders – RACQ, Athena, Homestar Finance and Newcastle Permanent – passed on the full cut the month before.
The average home loan rate cut to be passed on in July is currently around 0.22%, as several lenders opt to pass on less than they did in June including CBA, NAB, ING, Macquarie Bank and Suncorp.
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom">
Lender
</td>
<td valign="bottom">
July rate change
</td>
<td valign="bottom">
Date effective
</td>
<td valign="bottom">
June cut (for owner occupied)
</td>
<td valign="bottom">
New lowest ongoing variable rate
</td>
</tr>
<tr>
<td valign="bottom">
ANZ
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
12-Jul
</td>
<td valign="bottom">
0.18%
</td>
<td valign="bottom">
3.38%
</td>
</tr>
<tr>
<td valign="bottom">
Athena
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
2-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.09%
</td>
</tr>
<tr>
<td valign="bottom">
Aussie
</td>
<td valign="bottom">
Up to 0.20%
</td>
<td valign="bottom">
From 18 July
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
TBA
</td>
</tr>
<tr>
<td valign="bottom">
Bank of Melbourne
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
16-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.39%
</td>
</tr>
<tr>
<td valign="bottom">
BankSA
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
16-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.39%
</td>
</tr>
<tr>
<td valign="bottom">
Bankwest
</td>
<td valign="bottom">
0.19%
</td>
<td valign="bottom">
23-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.70%
</td>
</tr>
<tr>
<td valign="bottom">
CBA
</td>
<td valign="bottom">
0.19%
</td>
<td valign="bottom">
23-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.35%
</td>
</tr>
<tr>
<td valign="bottom">
Firstmac
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
26-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.53%
</td>
</tr>
<tr>
<td valign="bottom">
Greater Bank
</td>
<td valign="bottom">
Up to 0.25%
</td>
<td valign="bottom">
29-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.32%
</td>
</tr>
<tr>
<td valign="bottom">
Homestar Finance
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
2-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
2.99%
</td>
</tr>
<tr>
<td valign="bottom">
ING
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
18-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.14%
</td>
</tr>
<tr>
<td valign="bottom">
<a id="LPlnk713998" href="http://loans.com.au/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Loans.com.au</a>
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
26-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.03%
</td>
</tr>
<tr>
<td valign="bottom">
Macquarie Bank
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
18-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.24%
</td>
</tr>
<tr>
<td valign="bottom">
ME Bank
</td>
<td valign="bottom">
0.15%
</td>
<td valign="bottom">
23-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.39%
</td>
</tr>
<tr>
<td valign="bottom">
NAB
</td>
<td valign="bottom">
0.19%
</td>
<td valign="bottom">
12-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.35%
</td>
</tr>
<tr>
<td valign="bottom">
Newcastle Permanent
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
29-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.24%
</td>
</tr>
<tr>
<td valign="bottom">
RACQ
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
From 8 July
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
3.19%
</td>
</tr>
<tr>
<td valign="bottom">
RAMS
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
16-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
4.01%
</td>
</tr>
<tr>
<td valign="bottom">
Reduce
</td>
<td valign="bottom">
Up to 0.22%
</td>
<td valign="bottom">
2-Jul
</td>
<td valign="bottom">
Up to 0.25%
</td>
<td valign="bottom">
2.89%
</td>
</tr>
<tr>
<td valign="bottom">
Resimac
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
24-Jul
</td>
<td valign="bottom">
Various
</td>
<td valign="bottom">
3.21%
</td>
</tr>
<tr>
<td valign="bottom">
St George
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
16-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.38%
</td>
</tr>
<tr>
<td valign="bottom">
State Custodians
</td>
<td valign="bottom">
Up to 0.25%
</td>
<td valign="bottom">
24-Jul
</td>
<td valign="bottom">
N/A
</td>
<td valign="bottom">
N/A
</td>
</tr>
<tr>
<td valign="bottom">
Suncorp
</td>
<td valign="bottom">
0.19%
</td>
<td valign="bottom">
19-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.30%
</td>
</tr>
<tr>
<td valign="bottom">
The Mutual
</td>
<td valign="bottom">
Up to 0.20%
</td>
<td valign="bottom">
19-Jul
</td>
<td valign="bottom">
0.25%
</td>
<td valign="bottom">
TBA
</td>
</tr>
<tr>
<td valign="bottom">
Westpac
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
16-Jul
</td>
<td valign="bottom">
0.20%
</td>
<td valign="bottom">
3.58% 
</td>
</tr>
</tbody></table>
Keep across the changes with RateCity.com.au’s <a href="https://www.ratecity.com.au/rba-cash-rate." target="_blank">live list of who is cutting</a>, by how much and when.
RateCity.com.au research director Sally Tindall said: “The RBA has made it clear further reductions to the cash rate could be needed, but banks are increasingly finding it difficult to pass these cuts on to their home loan customers in full. 
“They’re juggling depositors, borrowers and shareholders in what is becoming an increasingly difficult equation. 
“A lot of lenders are taking their time to consider their options following this most recent cut.
“If the cash rate falls any further, an increasing number of savings accounts are likely to hit 0.00% interest.”
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Rate update: who’s moved since Tuesday’s cash rate cut

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Mosman in Sydney and Bentleigh East in Melbourne are the busiest suburbs for auctions this week, with nine auctions scheduled to go under the hammer each.
Upcoming auctions
Auction volumes are expected to fall across the combined capital cities this week with CoreLogic currently tracking 879 auctions, down from both last week (1,295) and this time last year (1,411).
Melbourne is expecting to see around 350 homes taken to auction this week, down from 535 last week and 631 last year. Sydney is also set to host a lower volume of auctions week-on- week with 343 auctions scheduled, down from 503 last week and 552 this time last year.
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%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/2019/7/4/auction%202.jpg" alt="">
Source: CoreLogic
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%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/2019/7/4/auction%203.jpg" alt="">
Source: CoreLogic
Across the smaller auction markets, Adelaide, Brisbane and Perth are expecting fewer auctions week-on-week.
Canberra will see a rise in auction volumes this week with 58 homes scheduled for auction, while Tasmania is expecting to host an additional auction over the week.
A two bedroom art deco apartment close to Mosman Village has been scheduled to go under the hammer on July 6.
It has been listed by Claudia Portale of McGrath Lower North Shore Mosman with a price guide of $750,000.
The 80 square metre top floor apartment at<a href="https://www.realestate.com.au/property-apartment-nsw-mosman-131370066" target="_blank"> 1/482 Military Road</a> (pictured below) comprises open living/dining area, kitchen with dishwasher, two large bedrooms, and tiled bathroom.
It's within walking distance to bars, cafes and restaurants and close to Balmoral Beach. 
<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/2019/7/4/mosman%201.jpg" alt="">
Another upcoming auction on July 6 is a new four bedroom townhouse in Bentleigh East with a price guide of $1.1 million to $1.15 million.
Kosta Mesaritis and Tina Verni of Jellis Craig Bentleigh have the listing.
The townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-bentleigh+east-131342154" target="_blank">40A Goodrich Street </a>(pictured below) comes with four bedrooms, open plan entertaining area, stone kitchen, and easy care gardens.
It's within close proximity to Mackie Road shops, cafes, and park. 
<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/2019/7/4/bentleigh%20east.jpg" alt="">
Summary of Last Week’s results
Last week, 1,295 homes were taken to auction across the combined capital cities, returning a final auction clearance rate of 62.9%, the highest clearance rate recorded since April last year and the third consecutive week where the clearance rate has held above 60.0%. Over the previous week, 1,484 auctions were held and a clearance rate of 60.5% was recorded, while one year ago, 1,671 homes were taken to auction returning a clearance rate of 52.6%.
Melbourne saw 535 homes taken to auction last week, down from 635 the previous week. The final clearance rate for Melbourne was similar week-on-week with last week’s clearance rate recorded at 68.6%, compared to 68.9% over the previous week. Melbourne’s clearance rate one year ago was 57.2% across 791 auctions.
In Sydney, 503 homes went to auction across the city last week returning a final clearance rate of 67.9%, the highest clearance rate the city has seen since Easter 2018. In comparison, 558 homes were taken to auction over the previous week and the clearance rate came in at 60.9%. Over the same week last year 634 auctions were held in Sydney while the clearance rate was a lower 49.7%.
Across the smaller auction markets, Canberra was the only city to see a fall in clearance rates week-on-week.
Of the non-capital city auction markets, the Gold Coast had the highest volume of auctions (62) last week, while the Geelong region was the best performer in terms of clearance rates with 66.7% of reported auctions recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%20result%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/2019/7/4/auction%20result%201.jpg" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2019/7/4/auction%20result%202%20.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/2019/7/4/auction%20result%202%20.jpg" alt="">
Source: CoreLogic
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Mosman ranks as Sydney's busiest weekend auction suburb 

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Most agents are reporting a softening in buyer enquiry and demand across the board throughout the Gold Coast, according to the latest Herron Todd White (HTW) residential report. 
All sectors are reporting some softening in value levels and longer sale periods required to achieve a sale, the valuation firm said. 
"It is definitely a buyer’s market and they are more discerning with their choices and in no rush to sign up to buy," the report stated. 
One leading agent has reported a general drop of circa 10% for Bundall and Sorrento from the generally accepted top of the market in late 2017.
According to the report, this was evidenced in a top end sale where the purchasers had submitted an offer at $4.5 million less than eight months ago and have just gone to contract at $4.1 million on the same property.
"The local market is well aware of the downward trend in the southern cousins of Melbourne and Sydney, however there appears to be a general consensus that local value levels here didn’t sky rocket like our southern counterparts and as such any market correction here is likely to be much more gradual and gentle in nature," the report said.
"The unit investment market in the beach side suburbs of Surfers, Broadbeach, Mermaid Beach and, to a lesser extent, Main Beach was negatively impacted by tighter bank lending restrictions, including the reduction of interest only loans and the banks’ requirements to convert to a principal and interest loan upon expiry of the interest only loan term.
"This resulted in serviceability issues for a number of investors and we saw this translate to vendors accepting contracts below previous sales within the building."
HTW said that the foreign investor market slowed as Chinese investors now seem to have disappeared from the market.
The prestige residential market up to circa $2 million was still ticking over albeit at a slower pace compared to standard residential housing within the central precincts.
A three bedroom Main Beach apartment which was traded at $2,462,000 in 2008 has recently been sold for $1,775,000.
The 278 square metre sky home at <a href="https://www.realestate.com.au/sold/property-apartment-qld-main+beach-130949282" target="_blank">2/20-24 Hughes Avenue</a> (pictured below) comes with three bedrooms, living areas, large balcony and resort lap pools.
<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/main%20beach%20.jpg" alt="">
Dry block or non-waterfront houses transacted steadily with some softening in price levels.
This market sector was mainly driven by local buyers.
A deceased cottage positioned in the Main Beach high-rise precinct has recently beed sold for $1.5 million.
Sit on a 531 square metre block, the cottage at <a href="https://www.realestate.com.au/sold/property-house-qld-main+beach-131230022" target="_blank">18 Hughes Avenue</a> (pictured below) with redevelopment potential comes with two bedrooms, one bathroom and yards.  
<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/main%20beach%202.jpg" alt="">
Moving slightly out of the central locality, a recent sale of a proposed vacant lot in Tallai (to be subdivided off an existing larger site) and comprising 4,238 square metres of near level vacant rural residential land sold to a local buyer for the asking price of $600,000.
The agent reported the buyer had been looking for circa 12 months and this fitted their needs.
Other vacant sites available for sale all had issues either with sloping contour, flood or in close proximity to high voltage power lines.
"This sale indicates that the market for good quality, well located vacant land is generating good buyer enquiry and strong prices," HTW said.
"This sale is one of many occurring on the Gold Coast where local purchasers are seeking specific properties and are willing to pay more for a property that satisfies their requirements."
</body></html>

Central Gold Coast foreign investor market slows: HTW residential 

<html><body>
The Emerald property market is still trending upwards, but buyers do appear to be showing caution, according to a recent Herron Todd White (HTW) residential report. 
The report notes that sale volumes are below previous expectation, while the bottom end of the market has lifted to around $200,000 for houses.
"For the right product, we have seen values come back to within around 10% to 15% of the peak experienced in 2011 and 2012," the valuation firm said. 
The space to watch currently is vacant land sales with the top end reaching new highs in recent times, it said. 
"The wow factor this year to date has been the top end and two sales over the $1 million mark," the valuation firm commented. 
One of the sales is a resale from $890,000 only six months prior.
This same property sold at the bottom of the market for $635,000.
"So you can see that for the right product - modern, good location, good ancillary improvements, multiple buyers - values are pushing up," the valuation firm said. 
A five bedroom house in the Selma Rise estate has recently been sold for $495,000.
The family home at <a href="https://www.realestate.com.au/sold/property-house-qld-emerald-130926530" target="_blank">22 Haswell Street</a> (pictured above) comprises five bedrooms, kitchen with extensive storage, open plan living and dining areas, theatre room, rumpus room and in-ground pool.
It's within walking distance to the Marist college. 
<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/2019/7/2/emerald%201.jpg" alt="">
A current listing is a five bedroom home located 100 metres to Marist College priced at $829,000.
Nestled on a 900 square metre allotment, the house at <a href="https://www.realestate.com.au/property-house-qld-emerald-107329207https://www.realestate.com.au/property-house-qld-emerald-107329207" target="_blank">47 Jeppesen Drive</a> (pictured above) comes with five bedrooms, three separate living areas, children's retreat, separate dining, kitchen with European appliances and in-ground pool.
Other features include nine foot ceilings, solar system, ducted reverse air conditioner system and double lock up garage. 
"The market appears slow to steady across the region at present with no increase in sales volumes which is typical before an election and end of a financial year," the report said. 
"If some of the new proposed coal mines in the area start physical construction or production then we will surely see demand higher than supply." 
</body></html>

Top end of Emerald market hitting new highs: HTW residential 

<html><body>
Immigration increases house prices, but that effect is reduced if a population views new migrants negatively, according to a world-first analysis from Deakin University.
The Deakin Business School study, <a id="LPlnk86101" href="http://icm-tracking.meltwater.com/link.php?DynEngagement=true&amp;H=FcQ5do3Mtm%2F2JnP%2FxXFcY%2BL9mOkU%2Fad4G7kfqxVfSdkEEq1vNf2gy223dpxStDrOzS022pZho9BLBEis%2FGvpUGMgg3AkCNJaGd8RDr0EBFADdtnwPzZ5Bw0vwFcWND0w6IwjcZm%2FFGI%3D&amp;G=0&amp;R=https%3A%2F%2Fwww.sciencedirect.com%2Fscience%2Farticle%2Fpii%2FS1051137718302481&amp;I=20190703032605.000004826056%40mail6-41-usnbn1&amp;X=MHwxMDQ2NzU4OjVkMWMxZTQ2YjA1ZjM5NTQ1MjYyMzQ3Mjs%3D&amp;S=Wq3LopswqhzfOS2z3SUikMwHJdf_zWOc0nAhISK0A3Q" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">recently published in the Journal of Housing Economics</a>, is the first comprehensive statistical review of the global evidence to evaluate how attitudes to immigration affect house prices.
It found that while house prices increase in line with increases to immigration that effect diminishes in countries less welcoming to the newcomers.
Alfred Deakin Professor of Economics Chris Doucouliagos, co-director of the Deakin Lab for the Meta-Analysis of Research (DeLMAR), said the global stock of immigrants had more than tripled between 1960 and 2015, from 72 million to 243 million.
“The sharp rise in international immigration is a pressing social and economic issue,” Professor Doucouliagos said.
“Our analysis is especially timely against the backdrop of a worldwide spread of populist and nationalist politics and the rising need to provide adequate housing for dislocated populations and affordable housing for younger generations.
“So we wanted to know if immigration does affect house prices. But also the impact of deep-seated attitudes towards immigration. Specifically whether the attitudes of locals towards immigrants moderates the impact of immigration.”
The meta-analysis looked at 474 estimates of immigration’s impact on house prices in 14 different destination countries, including Australia, Canada, New Zealand, the UK and the USA.
“We found that immigration increases house prices in the aggregate. However using data from the World Values Survey, we show that attitudes to immigrants moderates this effect,” Professor Doucouliagos said.
“In countries where locals dislike living next-door to immigrants, for instance, immigration has a smaller effect on house prices, although we find no evidence that house prices sink as a result of immigration.”
<table border="1" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top">
Country
</td>
<td valign="top">
Percentage not in favour of immigrant neighbours
</td>
<td valign="top">
Immigrants as percentage of 2015 population
</td>
<td valign="top">
House price change in decade to 2015
</td>
</tr>
<tr>
<td valign="top">
Australia
</td>
<td valign="top">
10.5%
</td>
<td valign="top">
28.22%
</td>
<td valign="top">
+37.35
</td>
</tr>
<tr>
<td valign="top">
Canada
</td>
<td valign="top">
4.1%
</td>
<td valign="top">
21.8%
</td>
<td valign="top">
+43.66%
</td>
</tr>
<tr>
<td valign="top">
UK
</td>
<td valign="top">
14.2%
</td>
<td valign="top">
13.2%
</td>
<td valign="top">
+0.51%
</td>
</tr>
<tr>
<td valign="top">
USA
</td>
<td valign="top">
13.6%
</td>
<td valign="top">
14.49%
</td>
<td valign="top">
-23.52%
</td>
</tr>
<tr>
<td valign="top">
New Zealand
</td>
<td valign="top">
5.9%
</td>
<td valign="top">
22.96%
</td>
<td valign="top">
+29.41
</td>
</tr>
</tbody></table>
 
 
Data on attitudes to immigrants are regularly collected from the World Values Survey. Specifically, Professor Doucouliagos and his colleagues looked at the question: ‘On this list are various groups of people. Could you please mention any that you would not like to have as neighbours?’
They then looked at the percentage of people from each country included in the meta-analysis who responded ‘Immigrants/foreign workers’.
“For example in the UK, immigration has had a non-significant effect on house prices, but our analysis suggests that may be in part because of negative attitudes towards immigrants,” Professor Doucouliagos said.
“We see the same effect in Australia, and this goes against the theory that increased immigration means higher house prices.
“Immigration increases the demand for housing and rental accommodation, but it might also affect amenities and the perceived desirability of the neighbourhoods most affected.”
Researchers also carried out a ‘counterfactual analysis’ to look at what might happen to house prices if attitudes to immigrants softened to similar levels of the most accepting sample country.
They found immigration would then increase house prices in most countries.
“Our findings are also consistent with other research that people like living near their kin and this motivates where they choose to buy or rent,” Professor Doucouliagos said.
“The tendency of new immigrants to live in the same areas as previous generations of immigrants, combined with a disinclination for local residents with negative attitudes towards immigration to reside near immigrants, lessens the relationship between immigration and house prices.”
</body></html>

Negative attitudes to immigrants tempers house price increases: Deakin University

<html><body>
An ocean-front home with cantilevered wings has taken out two awards at the 2019 HIA-CSR Australian Housing Awards.
Four other NSW winners were recognised, including an apprentice who is looking to use his carpentry skills for humanitarian purposes.
This year’s award winners were unveiled before hundreds of industry leaders at the prestigious awards ceremony held as the final night of the HIA 2019 National Conference in Perth.
Bellevarde Constructions (pictured above) won the top award for the year – the 2019 HIA–CSR Australian Home of the Year, partnered by CSR Building Products and 2019 HIA Australian Custom Built Home, partnered by Stramit Building Products, for its Headland House on the NSW South Coast.
The home features a sharp angular facade clad twice in stone and zinc, and cantilevered to create a gravity-defying illusion.
The project makes the most of the magical views over the Pacific Ocean with 500 kilogram glass panels in the ‘storm-viewing room’.
<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/2019/5/30/TDV%20Constructions.jpg" alt="">
TDV Constructions won 2019 HIA Australian Townhouse/Villa Development (pictured above), partnered by Brickworks Building Products, for a series of thoughtfully-designed, modern family-sized townhouses that offer incredible indoor/outdoor living areas for their occupants.
<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/2019/5/30/kitchen.jpg" alt="">
Minosa won 2019 HIA Australian Kitchen Design (picture above), partnered by Winning Appliances, for a cleverly designed space that creates a versatile and bright culinary domain.
Fairmont Homes NSW won 2019 HIA Australian Professional MediumBuilder/Renovator, partnered by Companion Systems, for their impressive management and diversity across new home builds and renovations.
Thomas Payton won 2019 HIA Jim Brookes Australian Apprentice, partnered byStratco Australia, for his ‘can-do’ attitude and excellent work ethic. Thomas has a desire to use his carpentry skills to assist countries to rebuild after natural disasters.
HIA Managing Director Graham Wolfe said the HIA-CSR Australian Housing Awards recognise the best in Australia’s residential building industry.
“HIA is committed to recognising our members who excel in building exceptional homes, kitchens and bathrooms,” Wolfe said.
“These members are reaching the highest standards in workmanship, are innovative, and pushing the boundaries with design.
“We also recognise the professional builders and business partners who are ahead of the game in customer service and business practices.
“All winners and finalists are congratulated; having achieved one of the highest accolades and being recognised before their industry peers.”
The HIA-CSR Australian Housing Awards are the ultimate platform to showcase the talents of the nation’s top builders and designers.
Winners are selected from state-based finalists, with awards in 22 separate categories (see full list below).
2019 HIA-CSR Australian Housing Awards winners
<table>
<colgroup>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td>
2019 HIA-CSR Australian Home of the Year
Partnered by CSR Building Products
</td>
<td>
Bellevarde Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Apartment of the Year Partnered by Toyota Fleet
</td>
<td>
Giorgi
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Townhouse/Villa of the Year Partnered by Holcim Australia
</td>
<td>
Rivergum Homes
South Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Custom Built Home Partnered by Stramit Building Products
</td>
<td>
Bellevarde Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Display Home Partnered by ActronAir
</td>
<td>
Better Building Services, DNA Architects and Sugar DesignsACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Outdoor Project Partnered by James Hardie
</td>
<td>
Aria Property Group
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Project Home Partnered by Liberty Reinforcing
</td>
<td>
Inspired Homes
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Renovation / Addition Project Partnered by COLORBOND steel
</td>
<td>
Cassari Group
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Spec Home Partnered by Stratco Australia
</td>
<td>
S Smith Builders
Victoria
</td>
</tr>
<tr>
<td>
2019 HIA Australian Specialised Housing Partnered by Merlin Garage Door Openers
</td>
<td>
Resonate Homes
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Australian Apartment Complex Partnered by Beacon Lighting Commercial
</td>
<td>
Aria Property Group
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Townhouse/Villa Development Partnered by Brickworks Building Products
</td>
<td>
TDV Constructions
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Bathroom of the Year Partnered by Caroma Industries
</td>
<td>
Lane Group
Tasmania
</td>
</tr>
<tr>
<td>
2019 HIA Australian Bathroom Design Partnered by Caroma Industries
</td>
<td>
Archertec Interiors
ACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Kitchen of the Year Partnered by Winning Appliances
</td>
<td>
Darren James Interiors
Queensland
</td>
</tr>
<tr>
<td>
2019 HIA Australian Kitchen Design Partnered by Winning Appliances
</td>
<td>
Minosa
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Major Builder Partnered by Companion Systems
</td>
<td>
Porter Davis
Victoria
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Medium Builder / Renovator Partnered by Companion Systems
</td>
<td>
Fairmont Homes NSW
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Professional Small Builder / Renovator Partnered by Companion Systems
</td>
<td>
Ultimo Constructions
Western Australia
</td>
</tr>
<tr>
<td>
2019 HIA Jim Brookes Australian Apprentice Partnered by Stratco Australia
</td>
<td>
Thomas Payton
NSW
</td>
</tr>
<tr>
<td>
2019 HIA Australian Business Partner Partnered by B&amp;D Doors and Openers
</td>
<td>
Bec Hopper
P.A.H. Innovative Construction ACT &amp; Southern NSW
</td>
</tr>
<tr>
<td>
2019 HIA-CSR Australian People’s Choice Home Partnered by CSR Building Products
</td>
<td>
Brendan Grant Master Builders
North Queensland
</td>
</tr>
</tbody>
</table>
</body></html>

Six NSW entrants win at HIA national housing awards

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" />

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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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