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The number of consumers who don’t think will be a good time to sell their home or investment property continues to out-weigh those who think it is, according to a new survey. 
NAB's latest Australian Consumer Anxiety Survey for Q2 2019 noted these results suggest many consumers still think the housing downturn could still have more to run.
In net terms, +32% said they thought now was a good time to buy a property to live in and +34% to renovate their home.
With house prices continuing to fall across the country, consumers who thought it wasn’t a good time to sell their home (-35%) or investment property (-33%) also continued to significantly out-weigh those who thought it was a good time to sell.
However, the net number who thought so was somewhat lower than in the previous quarter, suggesting that some consumers may believe the market is close to the bottom.
With downward pressures on interest rates, it also noted a large increase in the net number of consumers who thought it was a good time to get a mortgage on their home (+13).
<img src="https://www.urban.com.au/images/2019/6/26/Good%20time%20NAB%201.JPG" alt="">
Source: NAB Anxiety Report Q2 2019
On balance, slightly more consumers (+29%) believe it will be a good time to buy a property to live in over the next 12 months (+25% in Q1 2019), and +24% to renovate their home (+23% in Q1 2019).
The number of consumers who don’t think it will be a good time to sell their home (-15%) or investment property (-14%) continues to out-weigh those who think it is - but this has fallen since Q1 2019, suggesting more consumers are expecting market conditions to improve.
With widespread speculation for further interest rate cuts in 2019, those who think it will be a good time to take out a mortgage a mortgage for their own home (+10) also rose.
<img src="https://www.urban.com.au/images/2019/6/26/Good%20time%20NAB%202.JPG" alt="">
Source: NAB Anxiety Report Q2 2019
Consumer intentions around property are still overwhelming conservative.
The net number of consumers who said they didn’t intend to sell investment property (-83%), renovate an investment property (-81%), take out an investment loan (-79%), sell their home (-78%), buy investment property (-75%), take out a home loan (-74%) or sell the home they live in (-66%) far outweighed those who said they would.
Consumers were least negative about renovating their homes (-49%). Intentions remain overwhelmingly negative and conservative in all states - see table below.
<img src="https://www.urban.com.au/images/2019/6/26/Good%20time%20NAB%203.JPG" alt="">
Source: NAB Anxiety Report Q2 2019
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j.ballantyne1990-6AQqhLzZaK

Australians still fear the property market has further to fall: NAB

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ANZ is the last of the big four banks to cut their savings account rates, following the Reserve Bank’s decision to cut the cash rate earlier this month.
They have reduced the rates on their Progress Saver and Online Saver accounts by 0.20% – 2 basis points more than they passed onto their home loan customers on 14 June 2019.
ANZ offer the highest ongoing savings rate out of the big four of 2.20%, while Westpac offers the highest introductory rate of 2.31% for a period of five months.
“Introductory rates have become the white elephant of banking,” RateCity.com.au research director Sally Tindall said. 
“All four big banks have slashed their base rates to just 0.30% interest, when inflation is sitting at 1.3%. That’s a nightmare equation for anyone trying to save."
RateCity.com.au data shows that over 47 banks have dropped their savings rates since the RBA cash rate cut on June 4, including ING, AMP, Bank of Queensland, ME, Suncorp and Bendigo, in addition to the big four banks.
According to RateCity.com.au’s database the average cut to savings account rates by banks who have moved is 0.23%, while the maximum cut on the database is 0.50%.
As a result of all the changes, the average savings account rate is now 1.55%. 
<img src="https://www.urban.com.au/images/2019/6/26/Big%204%20rates%20June%2026.JPG" alt="">
Source: Ratecity.com.au
<img src="https://www.urban.com.au/images/2019/6/26/Top%20savings%20rates%20June%2026.JPG" alt="">
Source: Ratecity.com.au
UBank has not cut this rate since the RBA cash rate change on June 4.
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Home loan savers suffer slashed interest rates of the big four: Ratecity

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Domain’s Property Price Forecast report has predicted Canberra will be the strongest performing house sales market in 2020.
It has an expected growth in house prices of between 4 to 6 per cent.
Sydney and Brisbane are tipped to have a slightly lower of growth, at 3 to 5 per cent.
Sydney’s biggest correction in house prices since the 1980s should be over by year’s end, according to new forecasts which expects median house prices in Sydney to bottom out at about $1 million and median unit prices to dip just below $700,000 in spring.
<div class="in-content-ad">
Domain economist Trent Wiltshire said the trifecta of an interest rate cut, the Coalition’s election win and potential lending rule changes helped the market bottom out sooner than expected.
Wiltshire expects subdued growth with property prices unlikely to run away again, due to tight lending conditions and highest levels of household debt.
“Banks and borrowers are still pretty cautious,” Mr Wiltshire told Domain.
“The outlook for the economy is pretty weak so that’s another reason why I don’t think we’ll see a big boom.”
<table><tbody>
<tr>
<td colspan="3">
<h4>House price forecasts</h4>
</td>
</tr>
<tr>
<td> </td>
<td>2019 (6 month change)</td>
<td>2020 (annual change)</td>
</tr>
<tr>
<td>Australia (combined-capital cities)</td>
<td>1%</td>
<td>
2% – 4%
</td>
</tr>
<tr>
<td>Sydney</td>
<td>2%</td>
<td>
3% – 5%
</td>
</tr>
<tr>
<td>Melbourne</td>
<td>1%</td>
<td>
1% – 3%
</td>
</tr>
<tr>
<td>Brisbane</td>
<td>1%</td>
<td>
3% – 5%
</td>
</tr>
<tr>
<td>Perth</td>
<td>0%</td>
<td>
0% – 2%
</td>
</tr>
<tr>
<td>Adelaide</td>
<td>1%</td>
<td>
1% – 3% 
</td>
</tr>
<tr>
<td>Hobart</td>
<td>0%</td>
<td>
2% – 4%
</td>
</tr>
<tr>
<td>Canberra</td>
<td>2%</td>
<td>
4% – 6%
</td>
</tr>
<tr>
<td colspan="3">Notes: Stratified median house price forecasts. 2019 forecast is 6 month per cent change from June quarter 2019 to the December quarter 2019. 2020 forecast is the annual per cent change from December quarter 2019 to December quarter 2020. Darwin excluded from forecasts due to small volumes and market volatility.</td>
</tr>
</tbody></table>
Hobart will have the strongest unit growth in 2020. 
<table><tbody>
<tr>
<td colspan="3">
<h4>Unit price forecasts</h4>
</td>
</tr>
<tr>
<td> </td>
<td>2019 (6 month change)</td>
<td>2020 (annual change)</td>
</tr>
<tr>
<td>Australia (combined-capital cities)</td>
<td>1%</td>
<td>1% – 3%</td>
</tr>
<tr>
<td>Sydney</td>
<td>2%</td>
<td>2% – 4%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>1%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>0%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Perth</td>
<td>0%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>2%</td>
<td>1% – 3% </td>
</tr>
<tr>
<td>Hobart</td>
<td>2%</td>
<td>3% – 5%</td>
</tr>
<tr>
<td>Canberra</td>
<td>1%</td>
<td>1% – 3%</td>
</tr>
<tr>
<td colspan="3">Notes: Stratified median house price forecasts. 2019 forecast is 6 month per cent change from June quarter 2019 to the December quarter 2019. 2020 forecast is the annual per cent change from December quarter 2019 to December quarter 2020. ‘Units’ includes units and apartments. Darwin excluded from forecasts due to small volumes and market volatility.</td>
</tr>
</tbody></table>
Mr Wiltshire’s forecasts were made on expectation of two RBA rate cuts in July and November this year, national population growth of 1.75 per cent each year, a steady national unemployment rate of 5 per cent, and modest growth in home lending from late this year.
 
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Canberra will have 2020's strongest house price growth: Domain

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National property fund manager Primewest has secured major international engineering firm Fugro to one of its West Perth buildings.
The deal is for more than 3000 square metres at 1060 Hay Street.
Fugro are coming from two sites – the Alluvion building in the Perth CBD and a suburban office site in Balcatta. 
Primewest’s in-house leasing manager Jemma Hutchinson (pictured above) said the aim of successfully future proofing the West Perth asset had been achieved by a combination of proactivity, creativity, thinking outside the box and working with the existing and potential tenants. 
She said the positive outcome had been achieved within two months of starting the in-house leasing campaign.
It left just 560 square metres of space in the building. 
Primewest director John Bond said the company has been utilising creative expansion and leasing strategies across its national assets, with particularly strong recent results in WA, including the Quadrant and Australia Place CBD office buildings. 
He said in just over 12 months Primewest has leased more than 23,000 square metres of space across our portfolio.
Primewest manages one of Australia’s most successful property fund operations, with more than $3.5 billion in assets.
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Primewest in-house leasing secures increased tenancy across Perth portfolio

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The whole top commercial floor of a strata-titled building in Sydney’s Southern CBD is for sale.
The 328 sqm space is in <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe5o804VtamUhEA/9ZQVMvzNGgema06ruScwh8KTG/dcOZySCVoUz6QUwhiEE7uvM9l0tyF3b3BHl67HGb7/Xjb0fz9Np9j1bjZg8HYdkB7EBfMVVHQqEv+A==&amp;rh=ff004d6cf0851d4f9b5be1d0e94ba3a197335209" target="_blank" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=http://ecomms.raywhite.com/collect/click.aspx?u%3DjRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe5o804VtamUhEA/9ZQVMvzNGgema06ruScwh8KTG/dcOZySCVoUz6QUwhiEE7uvM9l0tyF3b3BHl67HGb7/Xjb0fz9Np9j1bjZg8HYdkB7EBfMVVHQqEv%2BA%3D%3D%26rh%3Dff004d6cf0851d4f9b5be1d0e94ba3a197335209&amp;source=gmail&amp;ust=1561010323575000&amp;usg=AFQjCNEkcmY1jgffzLEzenmHM-qn4HmqfA">142-148A Elizabeth Street</a>, also known as Hyde Park Towers.
It is being marketed by Henderson &amp; Horning’s Will Mulvihill and Ray White Commercial South Sydney’s John Skufris, on behalf of a private owner.
It is situated directly opposite the Downing Centre, with intercom access and on-site concierge.
Up to four parking spaces are available for purchase, Skufris said.
It is anticipated the property will suit owner occupiers, legal firms and barristers chambers.
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Legal firm sought as whole strata floor listed in Hyde Park Towers

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Creating more quality green spaces closer to homes and increasing the tree canopy by planting one million trees in Greater Sydney by 2022 is a policy announced today by the NSW Premier Gladys Berejiklian.
She said the first of the priorities is to increase the proportion of homes in towns and cities across NSW within a reasonable walking distance of quality green, open and public space. 
“Planting trees and creating new parks is just as important as building new roads, rail lines, schools and hospitals,” Ms Berejiklian said.
“Green and public open spaces should be accessible to everyone across the State, no matter where they live.
“That is why, for the first time, I have made it a priority to make sure more people are within walking distance of quality public space.”
Ms Berejiklian joined Planning and Public Spaces Minister Rob Stokes in Sydney’s South West to also announce planting one million trees across Greater Sydney by 2022 is another Premier’s Priority.
Mr Stokes said the program will contribute to the Government’s long-term target of planting five million trees by 2030.  
“We’re backing councils like Campbelltown City Council to increase the tree canopy cover across Sydney through funding and support,” Mr Stokes said. 
“More trees means more shade, cooler suburbs, more oxygen and a better urban environment for communities to enjoy.”
The plans announced are on top of the NSW Government’s decision to appoint a dedicated Minister for Public Spaces and the $340 million Open Spaces and Greener Sydney package.
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A million more trees by 2022 under Premier Gladys Berejiklian

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Allens has advised global investment manager InfraRed Capital Partners (Australia) Pty Ltd (InfraRed) on the Greater Curtin Stage One development, which reached financial close yesterday.
Procurement for Stage One began in 2016 and is the cornerstone in the delivery of Curtin University’s campus strategy.
Lead Partner David Donnelly (pictured above) said that Stage One represents a shift from a traditional university campus paradigm to a multipurpose destination mindset.
‘It’s a true precinct deal and a complex one, involving new and existing student accommodation, a hotel, self-contained apartments, industry partner spaces, retail, parking and public open spaces. The project will create much of the infrastructure and culture upon which the Greater Curtin vision will be built,’ he said.
‘Tertiary education is key export for our economy, and student accommodation is becoming increasingly recognised as an investment-grade asset class among institutional investors. We were therefore delighted to advise Infrared on this complex project.’
Challenging the traditional concept of a university campus makes the project inherently complex and requires input from multiple stakeholders.
‘We mobilised a team of more than 60 lawyers, including nine partners, across a range of practices with sector expertise to bring this deal together,’ he said.
The deal builds upon Allens’ extensive experience in student accommodation and first-to-market privately financed infrastructure project
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Allens advises InfraRed Capital on Curtin University's campus vision

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Australian Radio Network (ARN) have relocated their Brisbane office into Kings Row Office Park in Milton after committing to a 12-year lease for 1,158sqm. 
Owned by the Shayer Group, Kings Row is one of Brisbane’s premier commercial precincts, comprising four A-Grade office buildings with onsite amenities such as a tennis court, swimming pool, BBQ, conference facilities, high quality end-of-trip facilities and secure basement parking. 
Colliers International Tenant Advisory represented ARN in their negotiations to relocate to Kings Row.
Colliers Leasing was in conjunction with Cushman &amp; Wakefield acted on behalf of the Shayer Group. 
“ARN had outgrown their Stones Corner office and have chosen Kings Row as the new location due to the Brisbane City and River views, quality of office accommodation, accessibility to local amenity and public transport,” said Simon Crouch, Head of Tenant Advisory at Colliers International.  
“The lease agreement also includes rooftop signage, which provides excellent brand exposure for ARN considering the building faces the busy Coronation Drive,” said Bo Veivers National Director of Office Leasing at Colliers International. 
The office park currently offers refurbished and fitted tenancies ranging from 200sqm to 5,000sqm which are marketed between $500-550 per sqm. 
“The opportunities of 1,000sqm or greater of A grade office space in the metro market are limited,” said Mr Veivers.
The Kings Row buildings feature 2,200sqm floorplates, some of which are still available.  
“Milton’s office market has seen great improvement over the last 12 months, backed by stronger leasing activity than we have seen in previous years.
“Total office vacancy in Milton is currently sitting at 21.5%, per the figures released from the Property Council of Australia in February 2019.”
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ARN relocates to Kings Row Office Park

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InterContinental Hotels Group (IHG®) has announced InterContinental Yokohama Pier 8 will open its doors to guests in November 2019 in the Minato Mirai area of Yokohama. 
InterContinental Yokohama Pier 8 will be built on the premises of the Yokohama Hammer Head Project which is developed by SHINKO PIER CRUISE TERMINAL Co.,Ltd. in collaboration with Yokohama City. 
The new-build luxury hotel will be located in the same building as a cruise ship terminal where large cruise ships will be anchored. Together, the precinct will offer guests a new luxury experience that blends both the InterContinental brand, and Yokohama’s distinct history and colourful lifestyle.   
InterContinental Yokohama Pier 8 joins the nearby InterContinental Yokohama Grand, which has been recognised as an icon of the Minato Mirai area since 1991. 
The symbolic hotel was the first InterContinental hotel in Japan, now joining 200 InterContinental Hotels &amp; Resorts across the globe.
InterContinental Yokohama Pier 8 is located on one of the few piers in the world, and boasts 173 spacious rooms. The Club InterContinental rooms and Club Lounge will offer an upgraded experience that is characteristic of the InterContinental brand, while the restaurant and bars, event room, spa, fitness, rooftop experience and indoor garden, each offer a connection to the sea and the sky for a memorable stay. 
IHG currently has 49 hotels operating under four brands in Australasia, including: InterContinental, Crowne Plaza, Holiday Inn, voco and Holiday Inn Express, with another 29 in the pipeline.
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InterContinental Hotel in Yokohama, Japan set for November opening

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The 410 sqm Surrey Hills block, occupied by a scout hall, failed to raise any interest at its weekend auction.
<a href="https://fletchers.net.au/24154/7-robinson-road-surrey-hills" target="_blank">The 7 Robinson Road holding</a> has been listed now at $1.38 million.
It had been listed by David Taylor and John Taylor from Fletchers Canterbury with a price guide of $1.3 million to $1.4 million. 
Scouts Victoria bought the property in 1955 and built the hall. 
The wide frontage block at 7 Robinson Road offers the potential to create a low maintenance home on its own title. 
<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/2019/6/13/scout%20hall%202.jpg" alt="">
Situated between Chatham and Surrey Hills Stations, it's within walking distance to Surrey Hills Village shops, supermarket, cafes plus nearby Canterbury Sports Ground and Chatham Primary School. 
 
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1st Boroondara Scout Hall, Surrey Hills fails to sell

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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