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Retailers faced yet another period of weak demand and declining retail spending over the March quarter of 2019, according to Deloitte Access Economics’ latest quarterly Retail Forecasts report.
The report found however, it may not be all doom and gloom for the sector, with some relief expected in the second half of the year in the form of increased tax offsets.
Real retail turnover growth is expected to slow from 2.2% in 2018 to just 1.5% in 2019, before picking up in 2020 to 2.9%
Household finances have come under pressure from stagnant wage growth and declining wealth, despite decreased unemployment numbers.
This has hurt consumer sentiment and weighed on willingness to spend.
<img src="https://www.urban.com.au/images/2019/6/14/Deloitte.JPG" alt="">
Deloitte Access Economics partner and Retail Forecasts principal author, David Rumbens, said, “March quarter retail data confirmed our view that consumers are just not willing to spend as they once were. People are pulling back on spending as household finances remain under pressure from stagnant wage growth and declining wealth.
“A deteriorating labour market, inflation below the target range, weak consumption, and falling house prices were enough to prompt monetary easing by the Reserve Bank of Australia for the first time in nearly three years, and lower rates will leave some much needed cash in the pockets of Australia’s highly indebted households."
He added that over half of all tax refunds are completed in the September quarter, and just under another 25% in December.
“This bodes well for a surge in spending in the September quarter, rising around 1.3% over the quarter, and provide the boost retailers have been craving,” Rumbens concluded.
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j.ballantyne1990-6AQqhLzZaK

Post election tax offsets may boost hurting retailers: Deloitte

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Nissan Motors has been secured as the anchor tenant for Frasers Property Australia (Frasers Property) and ESR Australia (ESR1) newly purchased Mulgrave site
The 4.67 acre 254 Wellington Road site has received planning approval for 60,000 sqm of commercial space, a 752 sqm café/retail area and 2,497 car spaces.
A community hub is also envisaged incorporating a gymnasium, restaurant and activated outdoor open space.
The business park is expected to have an end value of A$400 million when completed.
Anthony Maugeri, General Manager, Southern Region Commercial &amp; Industrial, for Frasers Property Australia stated, “Frasers Property, in joint venture with ESR, previously developed 211 Wellington Road with a strong track record in attracting major corporates to the area. 
"We plan to develop a state-of-the-art business park and are eager to deliver industry-leading amenity on the site to assist in attracting large commercial occupiers,”he said.
Phil Pearce, Chief Executive Officer at ESR Australia said, “This is an exciting project for ESR and Frasers Property as we commence a large-scale business park development in Melbourne’s south-east. We are seeing Mulgrave emerge as a growing suburban commercial office market"
Nissan Australia’s Managing Director Stephen Lester said, “Our current office was officially opened in June 1977, so over the 40 plus years that we have based ourselves here it has served us well, but we have grown as a business since then."
<img src="https://www.urban.com.au/images/2019/6/14/Nissan%202.JPG" alt="">
Nissan Australia’s 11,000 sqm facility will be spread across five levels (including ground level) of the 8 level building and will comprise over 9,000 sqm office, 1,850 sqm workshop and 550 car bays.
The new building, situated on the corner of Wellington Road (60 metre frontage) and Peters Avenue will achieve a 5 Star Green Star Design &amp; As Built v1 certified rating from the Green Building Council of Australia.
The joint venture is a 50:50 split between Frasers Property and ESR. Frasers Property secured the 245 Wellington Road site, while ESR will undertake the development. Nissan Australia’s building is anticipated to be completed by May 2020 while the entire development is forecast for completion by late 2025.
Practical completion of the facility is due in May 2020.
Andrew Peak, Gianni Macdonald and Stephen Adgemis from CBRE brokered the Nissan transaction.
Rob Joyes from Colliers International brokered the 254 Wellington Road acquisition.
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Nissan to anchor Frasers Property and ESR's newly purchased Mulgrave site

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A Baldivis, WA mortgagee home has sold for $325,000.
This marks a reduction of $150,000 on it's July 2014 sale price of $475,000.
Lorraine Dove of RE/MAX held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-baldivis-130859970" target="_blank">11 Lomandra View</a>, the four bedroom, two bathroom home transacted for less than it did in 2006.
In January 2006, the 2005 built home traded for $365,000.
Located in The Rivergums Estate, Baldivis, the home is near amenities such as public transport, schools and shops.
The home originally sought $365,000, $40,000 less than what it sold  
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="/developments/baldivis-wa-6171">Baldivis</a> is $382,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0.9%. 
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Baldivis, WA mortgagee home sold for $150,000 loss

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A Cape Paterson, Victora mortgagee home has been sold at a $2 dollar loss.
The three bedroom, two bathroom house sold for $385,000 last month, a reduction of mere $2 dollars on it's October 2017 sale price of $385,002.
Marni Lee Redmond and Jo Ginn of Alex Scott &amp; Staff Real Estate held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-vic-cape+paterson-126046146" target="_blank">4 Anglers Road</a>, the home features two off-street parking spaces and ocean views.
Set on 512 sqm, the 1990 built house was last listed as a rental in 2011 at $450/pw.
Preceding the 2017 sale, the abode sold for $277,500 in 2007.
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The median price for a house in <a href="/developments/cape-paterson-vic-3995">Cape Paterson</a> is $469,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 4%. 
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Pocket change lost on Cape Paterson, Victoria mortgagee home sale

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ASIC has cancelled the credit licence of Rochelle Weinert.
ASIC found that Ms Weinert had acted dishonestly and was not a fit and proper person to engage in credit activities. 
Ms Weinert is a mortgage broker.
ASIC’s concerns about Ms Weinert relate to her involvement in a property development in Newman, Western Australia, known as the ‘Newman Estate Project’.
Ms Weinert has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
ASIC's investigation into Ms Weinert's conduct was part of an ongoing investigation into the Macro Group of Companies.
ASIC actions to date as a result of the investigation into the <a href="/news/anquan-loses-financial-services-licence-in-macro-group-pilbara-estate-aftermath">Macro Group of Companies</a> have included applications to the Federal Court, resulting in the appointment of liquidators to 24 companies within the Macro Group and and the permanent banning of Veronica Macpherson from providing financial services.
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Macro Newman investigation sees ASIC cancel Rochelle Weinert credit licence

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A Telina, Queensland mortgagee home has sold for $275,000.
Marking a reduction of $105,000 on the previous sale price of $380,000 when the house transacted in 2010.
Bevan Rose of Gladstone Real Estate held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-telina-131022126" target="_blank">41 Witney Street</a>, the 1999 built home first transacted for $35,150 with the Gladstone City Council being the vendor.
The three bedroom one, bathroom abode also features parking for three vehicles.
Set on an 837 sqm block, the house is situated in the Telina Estate.
Featuring a double bay shed and an in-ground swimming pool, the home sold for just under it's asking price of $289,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="/developments/telina-qld-4680">Telina</a> is $280,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -3.3%. 
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Telina, Gladstone, Queensland mortgagee home sold for $105,000 loss

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The bellwether listed estate agency McGrath Limited has told shareholders that continued subdued 2019 market conditions have further hit its financial profitability.
With improved sentiment yet to translate into increased listings, and sales, McGrath Ltd says it now expects a full year earning's loss of $6 million to $6.5 million due to headwinds across the nation's housing markets.
The forecast loss is up on <a href="/news/mcgrath-estate-agents-dip-in-earnings-worsens">the envisaged $4.5 million EBITDA loss advised in its March update</a> for the first eight months of the financial year.
McGrath shares have slipped from its $2.10 listing price in December 2015.
The shares were trading at 27 cents before and after this morning's update.
The ASX-listed realtor said today market conditions for FY19 had been challenging with transaction volumes and property values in Sydney, Brisbane and Melbourne further subdued in the 12 months to May.
"While we have seen a general improvement in interest and enthusiasm in the market, we are yet to see this translate to an increase in listings," chief executive Geoff Lucas said in a statement. He did detect signs that sellers are now more prepared to meet the market.
While property market sentiment has started to improve following the federal election and house price declines have started to ease, McGrath chief executive Geoff Lucas said market conditions for FY2019 "have been challenging".
McGrath lost its <a href="/news/kon-stathopoulos-departs-mcgrath-estate-agents">head of sales Kon Stathopoulos</a> last week.
"While we have seen a general improvement in interest and enthusiasm in the market, we are yet to see this translate to an increase in listings," Mr Lucas said.
"However, with the elections now behind us, there is evidence of rising confidence in the property market and broader  economy.
"We are seeing significantly increased buyer engagement at auctions, both from owner-occupiers and investors, buoyed by the recent interest rate cut by the RBA - the first since August 2016, and APRA’s decision to lower the mortgage assessment criteria for new loan serviceability.
“There is certainly more activity in the housing sector and we expect more favourable conditions will flow through to an improved performance in the next financial year”,
McGrath will announce its full year FY2019 results on August 26.
In a separate announcement McGrath advised appointment of Howard Herman as chief financial officer, effective June 24 after its former CFO Glynn Wright resigned after just 18 months with the company earlier this year.
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Herman has over 25 years commercial experience most recently as chief financial officer of global apparel business Naked Brand Group Limited, listed on NASDAQ and previously of Speciality Fashion Group, an ASX listed fashion retailer. 
His experience in the property sector includes finance roles with, Bovis Lend Lease in Sydney and Anglo American Properties in Johannesburg, South Africa.
Mr Herman said he was thrilled to join the team at McGrath. 
"The company is entering an exciting new phase and I look forward to playing an integral role in its future growth, working closely with Geoff and the Board to execute on our strategies to generate long-term sustainable value for our shareholders.”
Mr Herman holds a Bachelor of Commerce (University of Cape Town) and is a qualified chartered accountant (South Africa and Australia).
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McGrath continues to focus on its cost base and noted its strong balance sheet position at 28 February 2019, featuring no debt and $14.3m million in cash.
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McGrath forecast bigger losses as improved housing market sentiment yet to boost revenues

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Stockland, the nation’s largest listed housing developer, says residential sales remain weak, with “risk to the downside”.
It was especially the case in Stockland estates on the outskirts of major cities and regional areas.
Cancellation rates have increased moderately on the back of uncertainty created by current market conditions, it advised yesterday.
Stockland chief executive Mark Steinert told investors that buyer defaults had increased in the last quarter of the 2018-19 financial year to 5 percent, above the long-term average of 3 per cent.
Stockland has more than 2800 contracts on hand for settlement from the 2020 fiscal year, but the group expects challenging conditions to continue this year.
Even after the post-Federal election uplift with enquiry levels recovering in Sydney and Melbourne, where the downturn had been the deepest, it noted.
Perth and South East Queensland remained flat.
Stockland chief executive Mark Steinert said their residential sales for the March quarter were 26 percent below the December quarter.
He blamed “challenging market conditions, reduced credit availability and buyer uncertainty due to the upcoming federal election”.
Stockland sold a major partially completed estate, The Grove last year, to Frasers Proeprty to reduce its exposure to the weakening market and find a share buyback.
Domain reported Macquarie Equities' analyst Rob Freeman - who recently toured Mirvac, Stockland, Lendlease, Frasers and The Satterley Group's estates - saying sales volumes had fallen between 30 percent and 70 percent over the past year.
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"Developers which relied heavily on investor channels to sell product in the upswing have suffered the most in the downturn.
"Speculators are no longer in the market, up to 20 percent of volume in the peak for some developers, and investor sales have declined significantly, in one instance investors who were 30 per cent of volume, are now at 20 percent," Mr Freeman said.
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<div class="_1lC_G">"Default rates are varied and between about 4 per cent to 7 percent, which appears to be an increase of about 200 basis points from lows with cancellations running at 10-15 percent."</div>
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<div class="_1lC_G">The Melbourne developer and fund manager Ouson Group has onsold a 61 hectare site in Mount Cottrell in the outer west to a Singaporean group for $50 million with the capacity for between 820 and 920 lots once approved for subdivision.</div>
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The site, which lies within the proposed suburb of Rockbank South, is close to several big housing estates, including Mirvac's Woodlea Estate and Stockland's Mt Atkinson.
The Mt Cottrell site lies within Melbourne's western growth corridor, centred around Melton and Wyndham.
The research firm Red23 ranks Melton as having the highest number of trading housing projects, with close to 40 projects.
 
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Stockland sees residential risk to the downsize

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llawarra has seen sales volumes continue to fall with current sales activity 23% below the five year average for the region, according to the latest CoreLogic Regional Report. 
The report reveals challenging property market performance across Australia’s regions, with falling sales activity in the 12 months to February 2019.
The proportion of houses and units selling has seen a similar decline with house sales down -20% and unit sales down -22% over the year to February 2019.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/llawarra%201.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/llawarra%201.jpg" alt="">
Source: CoreLogic
Across all three New South Wales regions, Illawarra saw the biggest fall in sales volumes when compared to February 2018.
Home values are down across the region, with house values recording an annual decline of -10.1%, while unit values are down -2.7% over the 12 months to March 2019.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/llawarra%202.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/llawarra%202.jpg" alt="">
Source: CoreLogic 
Homes across the region are taking longer to sell, with the average time on market for an Illawarra house increasing by 22 days when compared to February 2018, while the average unit is taking an additional 30 days to sell.
The Illawarra rental market has seen no change in advertised rental rates over the year to March 2019.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/llawarra%203.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/llawarra%203.jpg" alt="">
Source: CoreLogic 
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Illawarra experiences biggest fall in sales volumes across NSW regions

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One of the terrace houses on Royal Terrace, one of Melbourne’s largest remaining group of early terrace homes, has hit the market.
It comes with a price guide of $5.15 million. John Bryant, a timber merchant and builder, commissioned the terraces and his family owned them until 1955, when they became Salvation Army accommodation for about two decades.
It has been offered by Brett Vanderwert and Glen Coutinho from RT Edgar Hawthorn. 
Renovated recently, the 1856 home at 62 Nicholson Street, Fitzroy now comprises two units with an easy option to return to one stately home. 
Each unit offers refined lounge and dining rooms overlooking the Carlton Gardens, and Unit One comes with additional informal living space.
<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/2019/6/11/fitzroy%202.jpg" alt="">
The designed kitchens are equipped with stone benches, Miele appliances and provincial-styled cabinetry.
The homes are completed with a combined total of four bedrooms, home office or fifth bedroom, two laundries, and bluestone-paved patio.
<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/2019/6/11/fitzroy%203.jpg" alt="">
Other features of Royal Terrace include Regency style bluestone facade, secured double carport, heating and cooling.
It is just a short walk to Gertrude Street, Brunswick Street, Lygon Street and the CBD with immediate access to public transport, local schools, universities and parklands.
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Historic 1856 Fitzroy Royal Terrace trophy home listed 

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.

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Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

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