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Colliers International is confident 2019 will be a strong year for office sales in Canberra, particularly for properties valued above $10 million.
Reflecting on the state of the market at an industry event this month, Colliers International DirectorCapital Markets and Investment Services, Michael Montelibano, pointed out the ACT’s strong macroeconomic conditions.
“Our positive population growth and low unemployment, combined with relatively affordable entry points and high yields, make Canberra an attractive place to invest,” Montelibano said.
“Canberra’s office market is displaying strong fundamentals which are expected to continue for the near-term.
“These market conditions are drawing international investors to the national capital.”
Montelibano also expects investor interest to continue for the remainder of 2019.
“Office properties above the $10 million price point in established precincts such as Civic and Barton that are well leased remain highly attractive to investors. We expect yields to tighten in these markets, particularly for new build product, given decreasing vacancy and the favourable interest rate outlook.
“Significant investment activity is forecast for properties in this market segment. With over $271 million of sales in this segment year to date, we expect total 2019 sales to exceed that of 2018 by around 50%.”
Montelibano also cited the continued strong performance of the strata market and the flight to quality trend from investors and owner occupiers.
“The performance of well-located and well-leased strata stock is steady, notwithstanding pressure from tightening financing conditions and rising rates and body corporate fees. However, units in secondary markets with vacancy are presently undergoing a re-rating.”
Colliers International has noted a shift towards off-market transactions in the past five years.
“Nearly 70% of sales managed by Colliers International in 2018 were off market and there has already been over $162 million in off-market sales so far this year,” Montelibano revealed.
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j.ballantyne1990-6AQqhLzZaK

Canberra office market tipped for strong end to year 

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The former home of one of Perth’s most recognised cake shops, Avanti Cakes, has been listed for sale.
It is almost 3,000 square metres of prime real estate on Beaufort Street, Inglewood.  
After 35 years of ownership, the Lembo family has appointed CBRE to market for sale the four adjoining properties.
They are 867 Beaufort Street (1,183 square metres); 871 Beaufort Street (604 square metres); 875 Beaufort Street (594 square metres) and 875 Beaufort Street (599 square metres). 
The combined 2,980 square metre site was home to Avanti Cakes – one of Perth’s top wedding cake suppliers – between 1983 to 2005.
It was also the former Inglewood Police Station buildings. 
The property has recently received development approval for a five-storey mixed use project comprising restaurant and retail shops, medical consulting rooms in the retained heritage police quarters, 57 residential apartments and 78 car parking bays.
It is located opposite the mooted Inglewood Woolworths. 
CBRE’s Michael Milne and Ben Younger have been appointed to market the site for sale via a public offers to purchase process closing July 4.  
Milne said the properties represented an attractive development opportunity in one of Perth’s most desirable inner metropolitan locations.  
“Many people will recognise this high-profile site by the Avanti Cakes mural, which has decorated its exterior since the ‘80s, together with the adjoining Inglewood Police Station buildings," he said. 
"Its favourable street profile and existing development approval will underpin strong buyer interest from retail groups and mixed-use developers."
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Former Avanti Cakes, Perth premises listed for sale

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Residents had repeatedly told Bayside Council and the building manager that their Mascot Tower apartments were shaking during excavation work at the neighbouring Peak Towers block.
Residents also told how the basement carpark was flooded during the Peak Towers excavation.
Engineers at Mascot Towers are investigating whether the groundwater level just 1.5m below the basement carpark may have added to the damage at the crack-ridden apartment complex.
Owners were told on the weekend that engineers would be assessing Mascot Towers for at least five to seven days.
Real estate agent John Higgins, who sold most of the Mascot Towers apartments on their 2006 off the plan listings, and has been since involved since, told the Sunday Telegraph he believes the 11-storey Peak Towers, still under construction, may be responsible.
There is also an issue around a faulty support beam potentially causing the cracks that forced hundreds of residents to evacuate the complex on Friday evening.
The eight storey, 122 apartment Bourke Street was completed in 2008 above the railway line.
Higgins said cracks had also been found in the industrial building two doors down.
The building is adjacent to the site where an 11-storey apartment block is being built.
Documents show the NSW Office of Water approved­ the development after being satisfied that works dealt with the groundwater issues across the site at depths from 1.4m-1.6m below natural ground level.
 
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Mascot Towers residents await causes of cracking 

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Landmark White's second suspension from the valuation panels of major lenders was having "a major impact on the business and its viability", acting chief executive Tim Rabbitt told staff last week in a leaked email.
The troubled valuation firm, hit by two unauthorised valuation data leaks on the web, told staff it is considering a sale of "the whole or parts" of the business.
It acknowledged reinstatement by its major lenders was not likely "immediately." Nor any quick reinstatement onto the ASX.
It added that having used up a significant portion of its cash reserve during its first suspension period in January, the current second suspension which began in early June was having "a major impact on the business and its viability."
The <a href="/news/landmark-white-see-westpac-return-after-dark-web-data-privacy-breach">initial breach</a> cost up to $7 million.
"Without an immediate reinstatement from our clients, the business is likely to be in trouble in the very near term," Mr Rabbitt said in the email seen and quoted by the Australian Financial Review Weekend issue.
"The company is still working on reinstatement, but the directors (as is their responsibility to do now) have to consider alternative options for the business including the potential sale of the whole or parts of the business."
Landmark White has been unable to convince its lenders, which include three of the country's largest banks (with the exception of Westpac) to turn work back on in the wake of a second theft of information.
The saboteur posted a range of documents posted to file-sharing site SCRIBD.
LMW warned lenders that the cutting off lines of work posed a threat to the viability of the valuation industry as a whole which earned a rebuke from its own industry body.
Landmark White chairman Keith Perrett on Friday said he was proud of his staff for the commitment they had shown the company in the wake of the second information theft.
"Our management team is working closely with staff to ensure they are informed and supported as we work through the challenges the business currently faces," he said.
"We're communicating with our employees on the state of the business every day, and will not apologise for being open and transparent about the incident and impact on our business."
"LMW has been a successful business for almost 40 years, one that employs more than 450 people across Australia including in regional and remote areas," he said.
I<a href="/news/landmark-white-reports-more-private-valuation-files-posted-online">t maintained the latest data breach</a> did not constitute a notifiable breach under law as only limited private information was contained in the documents posted onto document sharing site SCRIBD.
Earlier this month Landmark White had previously disclosed CBA and ANZ were among a "small number of clients" who had dropped LMW from their valuation panels.
 
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Landmark White's viability in doubt after second saboteur valuation leak

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The retired merchant banker Mark Burrows is set to offload some of his Southern Highlands farm holdings.
He's keeping the house, called Sugarloaf Farm and acclaimed garden, with its Wollemi pine, but selling some 380 acres of the 800 acres he holds at East Kangaloon. There's talks of $12 million plus prospects for the Widgee Waa offering.
The property is an aggregation built up over 31 years, when he was head of investment bank advisory Baring Brothers Burrows.
The property has cattle farming infrastructure, equestrian facilities and a manager's cottage.
"I don't need two farms in the Southern Highlands and certainly not two of the largest land holdings," Burrows said ahead of the official marketing. 
Burrows had a long career in investment banking, commencing with Baring Brothers in London. 
Burrows moved back to Australia when he became Lazard Australia's first chairman.
He has been a non-executive director of the Asian Board of The Nature Conservancy, the world’s largest environmental NGO.
It is reportedly being listed by Christies International in conjunction with Meares &amp; Co who have suggested it was likely to fetch between $30,000 and $40,000 an acre.
The last sale on Widgee Waa Lane was in 2012 when was paid $1.65 million for an 18 hectare farm (pictured). 
The 200-hectare property Comfort Hill at Sutton Forest sold in 2007 for a record of $15 million to the late international television show veteran Reg Grundy.
Last year, Atlassian co-founder Mike Cannon-Brookes bought Kangaloon's 45-hectare Rosehill Farm for $5.35 million.
This article was first published exclusively in the Saturday Telegraph.
 
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Mark Burrows lists Widgee Waa at East Kangaloon

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The mystery buyer of the Southern Highlands farm, Widgee Waa is reportedly Mike Cannon-Brookes, the tech billioniare.
The farm was recently sold by the retired merchant banker Mark Burrows.
Burrows is keeping the house, called Sugarloaf Farm, but sold some 380 acres of the 800 acres he holds at East Kangaloon.
There's talk of a $14.5 million sale price of the Widgee Waa offering.
The property is an aggregation built up over three decades, when he was head of investment bank advisory Baring Brothers Burrows.
The property has cattle farming infrastructure, equestrian facilities and a manager's cottage.
"I don't need two farms in the Southern Highlands and certainly not two of the largest land holdings," Burrows said ahead of the official marketing. 
Burrows had a long career in investment banking, commencing with Baring Brothers in London. 
The Nine Entertainment report did not have any confirmation on the buyer identify or sale price from Ken Jacobs and Christie's International or its conjunctional agent Meares &amp; Co who always suggested it was likely to fetch between $30,000 and $40,000 an acre.
The last sale on Widgee Waa Lane was in 2012 when was paid $1.65 million for an 18 hectare farm (pictured). 
The 200-hectare property Comfort Hill at Sutton Forest sold in 2007 for a record of $15 million to the late international television show veteran Reg Grundy.
Last year, the Atlassian co-founder Mike Cannon-Brookes bought <a href="/news/rosehill-farm-kangaloon-sold-by-rose-deo">Kangaloon's 45-hectare Rosehill Farm</a> for $5.35 million in March last year.
 
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Mark Burrows sells Widgee Waa at East Kangaloon to tech billionaire Mike Cannon-Brookes

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<div class="x_mcntcolumn">
A heritage Flemington shopfront residence, most recently known as Macca’s Milk Bar, fetched $936,000 at weekend auction.
The offering at <a id="x_mcntLPlnk786746" class="x_mcntOWAAutoLink" href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-31-Dover-Street-Flemington/797226" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">31 Dover Street</a> (above), in Melbourne's north west, went to auction with an $800,000 to $880,000 price guide through Jellis Craig.
The property retains the original 1890s grocery store facade.
The three bedroom, two bathroom residence that last sold for $107,000 in 1988 operated as a business, with popular lolly counter, until 1999. 
Its sale came as momentum returned to the improving national housing market on the first big auction weekend since the Reserve Bank's sugar hit, a cut in the cash rate to a record low of 1.25 percent.
"The post election and rate cut bounce is continuing," Dr Shane Oliver, AMP Capital chief economist said, adding he estimated Sydney's final tally would see the best clearance rate in two years and Melbourne's best in 15 months.
Melbourne was host to 725 auctions with preliminary results returning a 67.9 percent clearance rate. 
Volumes are still well down as this time last year, 992 Melbourne homes were taken to auction and a final clearance rate of 56.2 percent was recorded. 
<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/2019/6/18/cap-june17.jpg" alt="">
"Melbourne’s final clearance rate has held above 60 per cent for three of the last four weeks and this week will be no different," said CoreLogic auction analyst Kevin Brogan.
Melbourne's top sale was $2.56 million in St Kilda West. The seven bedroom terrace at <a id="x_mcntLPlnk686385" class="x_mcntOWAAutoLink" href="https://www.wilsonagents.com.au/4887125/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">18 Park Street</a> has been tipped by Wilson Real Estate to fetched between $2 million to $2.2 million. There were six bidders.
Sydney was the leading market with a 74.7 percent preliminary rate.
</div>
<div class="x_mcntcolumn">
In Sydney, 522 homes were taken to auction this week, up from 313 last week. 
The preliminary clearance rate came in up from the prior weekend's 56.2 percent. 
"Even after we see the usual downwards revision over the week it’s looking like this week will be the most successful result the city has seen since at least April last year, or possibly longer," Brogan said. 
One year ago, a clearance rate of just 49.4 per cent was recorded across 708 auctions.
Sydney's top sale was near a harbour front at Lavender Bay when a three-bedroom, two-bathroom property at <a id="x_mcntLPlnk585085" class="x_mcntOWAAutoLink" href="https://www.belleproperty.com/listings/796421/20-bay-view-street-lavender-bay-nsw-2060/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">20 Bay View Street</a> (below)<a id="x_mcntLPlnk331196" class="x_mcntOWAAutoLink" href="https://www.domain.com.au/20-bay-view-street-lavender-bay-nsw-2060-2015282620" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>fetched $6.71 million.
<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/2019/6/18/Lavender.jpg" alt="">
It was for sale the first time in more than four decades having last sold in 1977 for $80,000. 
There were 14 registered bidders, eight of whom participated in the auction which saw the reserve exceeded by $1.2 million.
It sold with architectural plans by Allen Jack+Cottier to local downsizers who plan to rebuild on the 373 sqm block.
There was a $5.9 million sale in Pymble, on Sydney's upper north shore. The five bedroom, three bathroom home at <a id="x_mcntLPlnk171181" class="x_mcntOWAAutoLink" href="https://www.dijones.com.au/property/house-nsw-pymble-1p25036/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">62 Pymble Avenue</a> (below) was sold by Di Jones agent Tim Fraser at $100,000 over reserve.
<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/2019/6/18/Pymble1.jpg" alt="">
The 2500sqm property with a tennis court and pool saw six local buyers register to bid.
CoreLogic advised 13 out of the 15 Sydney sub-regions returned preliminary clearance rates over 60 percent, 10 of which returned over 70 percent. There were three Sydney sub-regions with a preliminary clearance rate over 80 percent, Ryde, the Inner West and the Hills district.
Across the smaller capital city auction markets, Adelaide and Canberra saw an increase in the number of homes taken to auction, while Brisbane and Perth saw lower volumes week-on-week.
Deception Bay, a 40 minute drive from Brisbane, secured the nation's cheapest auction outcome when $250,000 was paid pre-auction for <a id="x_mcntLPlnk437722" class="x_mcntOWAAutoLink" href="https://www.propertyobserver.com.au/https://raywhitedeceptionbay.com.au/properties/sold-residential/qld/deception-bay-4508/house/2104127" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">5 Hughes Street, Deception Bay</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/18/Deception.jpg" alt="">
The sale of the three bedroom home through Ray White agent Tiffany Franklin was at $27,000 higher than its last sale in 2004.
There were no auctions held in Tasmania this week.
After the long weekend slowdown, national auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities, returning a preliminary auction clearance rate of 66.4 percent.
Over the previous week, the final clearance rate dipped to 48.3 percent across 805 auctions.
"It’s likely that as the remaining results are collected, the final result will still hold above 60 per cent for the first time in over a year," Kevin Brogan suggested.
Over the same week last year, auction volumes were higher at 2,002, with the clearance rate a weaker 52.4 percent.
Domain recorded similar numbers to CoreLogic with a 65 per cent preliminary national clearance rate, 70.6 percent in Sydney and 65 percent in Melbourne.
The Domain economist Trent Wiltshire said the market had picked up, but market conditions were still soft, he warned, with the clearance rate still below the decade average and auction volumes also down 20 percent year on year.
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Macca's Milk Bar sells as sugar hit puts auction success rate at year highs

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An historic 1860s Kensington trophy home has been listed.
Flagmount at <a href="https://www.realestate.com.au/property/50-52-bellair-st-kensington-vic-3031" target="_blank">50-52 Bellair Street </a>was originally transported to Australia as a kit, carried over by a ship captain who used it as ballast on the trip.
The freestanding home is made from Scottish Pine and was renovated in the 1920s to become a four bedroom residence.
Following further more recent renovation, the home has walk in robes, private balcony, two ensuites, lounge, and a 1000-bottle wine storage room.
It also has a backyard, pool and carport.
<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/2019/6/29/kens%202.jpg" alt="">
“To say it has been a joy to be the Trustees of 50-52 Bellair Street is an understatement and we are sure that this friendly community will welcome the new owners,” the current owners said to Williams Media.
“We have made many lifelong friends along the street and many wonderful memories from our 34 and half years in our home that we will cherish.”
The home is walking distance to Kensington Village.
The home is being marketed by Liz Brettell and Jayson Watts of Nelson Alexander Flemington.
<div class="media-youtube-video media-image media-youtube-1"><iframe title="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" name="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" src="https://www.youtube.com/embed/mgIBwa8YQxw?wmode=opaque&amp;controls=&amp;rel=0" frameborder="0" width="640" height="390"></iframe></div>
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1860s Kensington kit home Flagmount listed

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A ‘get tough’ approach to crime and anti-social behavior is leading to considerable impact on families relying on social housing, a new report says.
The Australian Housing and Urban Research Institute (AHURI) report found that women affected by domestic violence are generally strongly supported by social housing landlords.
However, this commitment may falter during a social housing tenancy.
The <a href="http://icm-tracking.meltwater.com/link.php?DynEngagement=true&amp;H=I%2BqMhXDuIS2RujNbavWSOKShOr7Ezi73JeGvxlkJ09Qb0kDpZZQFeCTzmgUtUg1%2BzQeAWO80e2F3J%2F4q2HWFLF4FXbnSC1lXyjLygVwAtvkM0e27vOJOWpKowpV1KI6EYUpJH4RSSjI%3D&amp;G=0&amp;R=https%3A%2F%2Fwww.ahuri.edu.au%2Fresearch%2Ffinal-reports%2F314&amp;I=20190612200354.000004df3d18%40mail6-46-ussnn1&amp;X=MHwxMDQ2NzU4OjVkMDA1MmIyYjA1ZjM5NTQ1MjYyMTNiYTs%3D&amp;S=WZsJZYyE7ljme70grOAcnPQELSIwGmgRHugo_o9zLag" target="_blank">Social housing legal responses to crime and anti-social behaviour: impacts on vulnerable families </a>report was conducted by researchers from UNSW Sydney and University of Tasmania.
It looked at social housing tenancies law, policies and 95 cases of eviction proceedings in five jurisdictions— New South Wales, Tasmania, Victoria, Western Australia and the Northern Territory.
It also analyzed national policy principles relating to four groups of vulnerable people: women affected by domestic violence; children; Indigenous families; and people who problematically use alcohol and other drugs.
<a href="https://www.propertyobserver.com.au/images/2019/6/13/social%20housing.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/2019/6/13/social%20housing.jpg" alt="">
“Tenancy obligations and extended liability impose hard expectations that women will control the misconduct of male partners and children,” said lead researcher Dr Chris Martin from UNSW Sydney.
“In tenancy legal proceedings violence against women becomes framed as a ‘nuisance’ and some women are evicted because of violence against them.
“The cases involving drug offences in particular show a punitive approach, with very minor offences, or offences involving visitors or family members often resulting in termination proceedings.
“In some cases, tenants are evicted even though the criminal justice system outcome is to allow rehabilitation at home.”
The report suggested several policy changes that could be made to help social landlords, including:
<ul>
<li>reviewing the gender impacts of social housing policies and practice and sponsoring the cultivation of respectful relationships</li>
<li>adopting ‘the best interests of the child’ as the paramount factor in decisions about termination affecting children</li>
<li>establishing specific Indigenous housing organisations, officers and advocates</li>
<li>adopting harm minimisation as the guiding principle for responses to alcohol and other drug use, including where there is criminal offending.</li>
</ul>
“Responding to anti-social behaviour and misconduct in social housing is plainly a very challenging area of practice,” said Dr Martin.
“Many of the cases we reviewed involved highly conflictual, destructive and distressing behaviour.
“It appears that in most cases a single substantial contact between the social housing landlord and the tenant was sufficient to address any problems.
“However, where problematic behaviour continues, the usual course of escalating threats to the tenancy and pushing the tenant to ‘engage’ with the landlord and support services does not work for many.
“In those cases, people who are vulnerable may be evicted from their social housing, often into homelessness.
“We need to bring support out of the shadow of termination.”
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Social housing terminations are hurting vulnerable families: AHURI

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A Queensland Government scheme to install solar and battery storage units in houses and small businesses seems set to be under-subscribed when it closes on June 30.
Energy Minister Anthony Lynham is urging Queenslanders to join the scheme.
It provides interest-free loans and grants for solar and battery storage.
“Installing a solar battery can save you up to $600 a year, even after taking into account loan repayments,” he said. 
“This is a great opportunity to cut your power bill and your emissions.
“The clock is ticking on the scheme: check your eligibility, get a quote from an approved supplier and apply before it’s too late.”
More than 3000 home and small business owners have already applied for funding under the $21 million scheme.
It was designed to help about 4000 families and small businesses. 
Property owners can get grants of $3000 for batteries and interest-free loans of up to $10,000 for rooftop solar panels and batteries.
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Queensland government solar scheme for houses ends June 30

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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