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Coorparoo Square, a joint venture between Honeycombes Property Group and Frasers Property Australia, has won the national Liberty Award for Best Mixed-Use Development at the 2019 Property Council &amp; Rider Levett Bucknall Innovation &amp; Excellence Awards. 
Coorparoo Square, designed in consultation with Conrad Gargett Architects, comprises 366 apartments across three residential towers, exclusive residents use facilities and a major new retail, dining and entertainment precinct that has reactivated the street front. 
The project began construction in 2015 and was completed in 2017.
It sold out ahead of ahead of expectations with 90 per cent of the project’s first stage had sold within three months of release. 
Peter Honeycombe, Managing Director at Honeycombes Property Group, says it was a great honour to have been selected for this coveted national award. 
The joint venture partners also paid tribute to the property’s history by resurrecting the original MYER sign on the site. 
Coorparoo Square was recognised in the annual Property Council of Australia &amp; Rider Levett Bucknall Innovation &amp; Excellence Awards for delivering a mixed use of residential apartments and a vibrant new retail, dining and entertainment precinct comprising a Dendy cinema complex, ALDI supermarket and 2,650 sqm of supporting retail tenancies. 
The category saw five other state-of-the-art developments compete as finalists for the prestigious award including Meriton’s Altitude Parramatta; Cornerstone Property Group’s Griffith Teas in Surry Hills; Jewel in Wentworth Point developed by Payce and Sekisui House; HCAP Development’s Haven in Newstead and Lucent Gasworks in Newstead developed by Cavcorp. 
Cameron Leggatt, General Manager – Residential Queensland at Frasers Property Australia, says, “The retail leasing strategy sought to target, alongside national anchor tenants, an eclectic mix of specialty tenancies.” 
Coorparoo Square’s residents enjoy resort-style amenities including Club Coorparoo, a podium level recreation area featuring a tennis court, 25-metre lap pool, barbecue areas and gym.
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Coorparoo Square wins national award for best mixed-use development

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Melbourne Connect, delivered by the University of Melbourne in partnership with a consortium led by Lendlease, is set to create a mixed-use hub at the site of the former Royal Women’s Hospital.
Located on the corner of Grattan and Swanston Streets, Melbourne Connect will see industry, researchers, students, government and the community co-locate and collaborate.
Melbourne Connect will be home to the Melbourne School of Engineering as well as the Science Gallery Melbourne, which will showcase experiments and exhibitions from artists, scientists and researchers.  
In addition, it will create a vibrant hub for Carlton and the broader Melbourne community with shops, cafes, public spaces and interconnected laneways, providing pedestrians with direct access to Swanson, Grattan and Cardigan Streets. 
Ground floor retail spaces will also accompany the development, with eight spaces to be offered to tenants.  
CBRE’s Zelman Ainsworth, Jason Orenbuch and Tan Thach have been appointed to exclusively market the retail spaces and will be launching the campaign in July.  
Mr Ainsworth said, “the ultimate drawcard is the large amount of university students, however, Melbourne Connect is not restricted by university schedule – we see this as a 52-week precinct,” Mr Ainsworth said. 
Although the retail campaign has not officially been launched, CBRE stated that they had received strong interest for the ground floor opportunities, situated below office spaces, childcare and co-working space.  
Lendlease Development Director Emma Woodhouse said the project is attracting an increased amount of attention and interest, both domestically and internationally.
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Melbourne Connect drawing interest domestically and internationally

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Expressions of interest are being sought for a commercial asset that is somewhat of a landmark for the Shire of Chittering in Bindoon.   The property at <a id="LPlnk992971" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe+ogmk3CjBYgeqD5dxG9NpBkrz2mOBCOjaeEUETrSS+iaUa4b4ri3cmmeivM9hyDJLWme+7BsHdMkXpY86DSGPaQigIxnUv6B&amp;rh=ff004cd6b6ffdfd5089c2a96b84b9a9bd1843f7c" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">27 Binda Place</a>, that comes with a 785sqm net lettable area and 1,252sqm land area, is fully tenanted with a 5.3-year W.A.L.E.   The property is being marketed and sold by Ray White Commercial (WA) Director Stephen Harrison.   Mr Harrison said the prominent location and the reliable long-term tenants in place would be real drawcards for potential buyers.   "The property is anchored by the Bindoon Bakehaus, this is complemented by a long-standing dentist and real estate agency."
"All tenants have tenanted the premises for many years, have just renewed leases, and have an immaculate payment history."
"The building was only built 10 years ago and benefits from a modern design, producing $192,476 p.a. net passing income."   The premises neighbours the local pharmacy and shares the compact town centre with the Shire of Chittering Council, the offices of the regional parliamentary representative, the new Mitre 10, the new IGA, Caltex and other conveniences. 
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“It has experienced over the last 15 years an average annual population growth of 4.2* per cent, roughly to per cent above the regional average.   “This is largely due to its close proximity to the Perth metropolitan area, making it feasible for residents to commute to Perth for work.   “Current ongoing road upgrades will make the commute faster and easier, further boosting the local population,” he concluded.   Expressions of interest close Monday, June 24.
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Fully tenanted Bindoon, WA landmark hits the market

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Nail and beauty distribution giant Hawley Products has inked a five-year lease on a brand-new industrial facility in Sydney’s north west.  
The 75 5sqm office/warehouse building, located at 14 Brumby Street, Seven Hills, features container height roller door access, internal clearances of up to 8.5 metres and modern office accommodation over two levels. 
Completed in June, the property is ideally situated in proximity to the M2 Motorway, providing connection to Sydney’s major road distribution network. 
CBRE’s Matthew Alessi and Brendan Wein negotiated the lease transaction on behalf of the private lessor at a rental rate of $160 per square metre (net).  
Mr Alessi said the property’s size and location were key factors underpinning the deal.  
“After identifying this site as being on the market with another agent for more than 12 months, we were able to achieve an excellent result for both parties – with the tenant being able to increase its footprint and racking capacity, and the owner securing a long-term tenant,” Mr Alessi said.
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Hawley Products lease new industrial facility in Sydney's Seven Hills

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Woolworths Metro will move into the purpose built 1700 sqm ground floor retail space of Granville Place, according to SHOKAI Ausbao and Develotek.
Granville Place is a $400 million mixed-use development in Sydney’s Central River City.
It is one of the Parramatta region’s largest developments.
The design for its ground floor space includes a supermarket, restaurants, café's, retail and speciality stores, childcare and a medical centre.
“We previously joined forces with Woolworths at our The Quay, Haymarket development, so we know the Australian supermarket industry giant is a perfect fit for Granville Place’s higher residential living standards and amenity requirements,” says Jason Gao, from Shokai Ausbao.
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Justin Nolan, General Manager, Metro Woolworths said, “we’re delighted to be apart of the new Granville development in Western Sydney and look forward to welcoming customers in 2020.”
Construction has already begun on site, with the completion of Stage 1 – Towers A, B and the retail precinct – expected by the end of 2020. 
Stage 2 is expected to be complete in 2021.
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Woolworths to open store at Granville Place in 2020

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Lakeside Plaza, situated in the growing Perth suburb of Byford, has been listed for sale.
Opening in December 2017, Lakeside Plaza is a 4,710 sqm neighbourhood shopping centre, situated in the heart of The Glades.
The award-winning master-planned residential community The Glades will be home to 10,000 residents. 
Located on the corner of Doley Road and Meade Street, on a 13,312 sqm site, the purpose-built centre is anchored by a 1,254sqm IGA supermarket with 19 specialty retailers, including a pharmacy, childcare centre, vet clinic and medical/dental centre. 
CBRE’s Richard Cash and Anthony Del Borrello, conjunctionally with Knight Frank’s Todd Schaffer and Rick McIntosh-Whyte, have been appointed to steer the sale process via Expressions of Interest. 
Mr Cash said Byford’s lifestyle appeal and population growth would underpin buyer interest. 
“With planning underway to extend the Armadale train line south to Byford, connectivity and accessibility to Perth will improve significantly and ultimately underpin continued population growth, which is forecasted to increase by 4.29% per annum till 2036,” Mr Cash said. 
Mr Schaffer added, “Investor demand for modern neighbourhood shopping centres remains robust, with four shopping centres having transacted and a further two currently under contract in the first half of 2019. Buyers continue to target convenience focused shopping centres in high growth catchment areas.” 
Lakeside Plaza is being offered for sale via expressions of interest closing July 18.
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Byford Lakeside Plaza in Perth hits the market 

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The busiest suburbs for auctions this week are Bentleigh East and Reservoir in Victoria with 14 homes set to go under the hammer each.
Next up are Maroubra (NSW), Craigieburn (Vic) and Richmond (Vic) all with 9 scheduled auctions this week.
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Upcoming auctions
This week, 1,394 capital city auctions are currently being tracked by CoreLogic, down from the 1,505 auctions held last week at final results. One year ago, a higher 1,849 auctions took place across the capital cities.
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Melbourne is expected to see a decrease in activity this week, with 600 homes scheduled for auction across the city, down from the 724 auctions held last week.
Activity is set to remain relatively steady across Sydney this week, with 525 scheduled auctions, down only slightly from the 534 homes taken to auction last week.
<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%202.jpg" target="_blank">Click here</a> to enlarge: 
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Source: CoreLogic
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Source: CoreLogic
The smaller auction markets will all see a higher volume of homes auctioned week-on-week with the exception of Perth and Canberra where fewer auctions are scheduled.
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One of the auctions is a four bedroom brick house situated on a 690 sqm corner allotment at Bentleigh East. 
Located just two blocks from the Centre Road shopping strip, the family house at <a href="https://www.realestate.com.au/property-house-vic-bentleigh+east-131260334" target="_blank">64 Elizabeth Street</a> (pictured below) comprises four bedrooms, free-flowing living areas, Bosch-appliance kitchen and gardens.
Additional features include ducted heating and air-conditioning, ceiling fans, built-in robes and open-fireplace.
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Another weekend Auction in Bentleigh East is a two bedroom apartment priced between $480,000 and $520,000.
Situated in the heart of Bentleigh's lifestyle centre, the apartment at <a href="https://www.realestate.com.au/property-apartment-vic-bentleigh+east-129817498" target="_blank">302/663-667 Centre Road </a>(pictured below) comes with two bedrooms, kitchen with Ceaserstone bench tops, and living area featuring oak flooring. 
It's within close proximity to the beach, Bentleigh station and schools. 
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Summary of Last Week’s results
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Last week, the combined capital city final auction clearance rate increased to 61.8 per cent, after the week prior saw the final clearance rate drop to 48.3 percent.
 Last week’s improved clearance rate was across a higher volume ofauctions (1,505) and also happened to be the highest weighted average seen since 6 May 2018 (62.1 per cent). 
While clearance rates have seen some improvement over the last few weeks, volumes are still tracking lower year-on- year with 2,002 homes taken to market over the same week last year when 52.4 per cent cleared.
Melbourne and Sydney saw clearance rates reach their highest level seen since April 2018 last week, both coming in at the mid 60 per cent mark.
There were 724 Melbourne homes taken to auction last week, returning a higher final clearance rate week-on-week, with 64.9 per cent of auctions successful, up on the 62.8 per cent over the week prior when there were only 215 homes taken to auction.
In Sydney, a final clearance rate of 66.4 per cent was recorded across a higher volume of auctions over the week, with 534 homes taken to market, up on the 313 auctions held over the previous week when fewer returned a successful result (56.2 per cent).
The smaller auction markets all saw an improvement in clearance rates over the week, with Canberra coming in with the highest final clearance rate of 48.7 per cent.
<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%204.jpg" target="_blank">Click here </a>to enlarge: 
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<a href="https://www.propertyobserver.com.au/images/2019/6/20/auction%20corelogic%205.jpg" target="_blank">Click here </a>to enlarge: 
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Source: CoreLogic
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Bentleigh East and Reservoir set to be busiest weekend auction hotspot's

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A large industrial infill development site in Brisbane’s south has changed hands in an off-market transaction. 
The 91,776 sqm corner allotment at 425-479 Freeman Road in the heart of Richlands was bought by the Dexus Australian Logistics Trust (DALT) for $26.5 million. 
Greg Russell of Knight Frank negotiated the sale on behalf of the property owner, fund manager Heathley Asset Management Limited. 
He said major institutional owners were scouring the market for land opportunities, with the availability of sites currently scarce.  
“This particular site was attractive to developers due to the scarcity of such sites, as well as its location close to the Centenary Highway and Ipswich Motorway, which will be attractive to future and potential tenants."
“It also has significant road frontage in excess of 640 metres, providing future tenants with fantastic exposure.” 
Mr Russell saidvthere is a shortage of A-grade opportunities within the precinct, with the adjacent Drive Industrial Estate, owned by Dexus Wholesale Property Fund, completed in 2015 and fully leased. 
The Richlands property is comprised of five adjoining, separately titled lots, with areas ranging from around one hectare to just over four hectares. 
DALT is a circa $2 billion unlisted trust that invests in Australian logistics properties. The trust plans to construct a 55,000 sqm facility on the site, with a flexible design to suit varying tenancy sizes. 
Mr Russell said the sale of the Richlands property was a strong reflection of the appetite from major institutions for well-located infill sites to accommodate their development pipelines and ultimately lead to the growth of their industrial sector holdings. 
“There is a dearth of core investment opportunities, hence development opportunities are filling the void and creating a new level of investment-grade product, including 14.7 metre internal clearances, solar power, LED lighting and super awnings inter alia,” he concluded.
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Brisbane industrial infill site snapped up off market

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A private investment group has listed one of the first premium grade healthcare offerings in Mornington in two years.  
Recently refurbished, the property sits within the centre of the Mornington healthcare hub. 
CBRE agents Josh Twelftree, Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto have been exclusively appointed to negotiate the sale, following a generous track record of success along Melbourne’s coast. 
Mr Twelftree noted, “The property’s Beleura Hill medical precinct location is a relatively tightly held pocket in the area.” 
“Less than 1km from Beleura Private Hospital, Bays Hospital and Mornington Centre – Peninsula Health, it’s a real medical hotspot – benefiting from strong cross flow demand in the region.”  
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The 635 sqm landholding features a medium-term lease to beauty clinician Jo Hannah of Hannah Aesthetics, former CEO of ASX listed Total Face Group, offering a passing income of $90,000 per annum. 
1050 Nepean Highway will be sold via public auction on July 13.
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Rare refurbished medical property offered in Mornington

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A historic complex in the suburb of Riverstone has just been listed with $1.5 million hopes.  
Originally built in 1985, <a id="LPlnk313152" href="https://www.starrpartners.com.au/property-Commercial-NSW-Riverstone-20247803" target="_blank" data-auth="NotApplicable">16 Wealtheasy Street, Riverstone</a> is home to the Saint Mary of Cherso (SMOC) Association – a not-for-profit association and function centre.
SMOC was established in the 50’s to cater for the waves of European immigrants arriving in Australia, especially in Blacktown. 
As a cultural club and community icon, it was the decision of the SMOC Association to donate 100 per cent of the sale of the premises to charity, including The Cancer Council, The Sydney Children’s Hospital, the Heart Foundation and St Vincent de Paul society, among other beneficiaries.  
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A spokesperson for the community said, “with many of the original members having passed away, or now in their twilight years, it was the decision of the SMOC community that no member will personally benefit financially from the club. 
As a result, the decision was made to sell the premises, with 100 per cent of the proceeds to be donated to worthwhile charities, to further benefit the community.”
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Starr Partners sales agent, John Kelly said, “as a fully licensed venue with two functioning commercial kitchens, a servery bar, a stage with a PA system, and a ‘Hall of fame’ board, it is the hope of the committee members that the club premises will remain a community centre in some form."
“Situated in the nascent Blacktown City region, wherein billions have been spent on master-planned developments and infrastructure projects, such as the nearby Marsden Park Business Hub, there’s great potential for future development of this land,” Kelly concluded. 
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Historic Riverstone complex listed, with 100% of proceeds donated to charity

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

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Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

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Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&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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