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Severe drought conditions over much of Queensland has seen attention focused on properties which have some grass reserves, particularly in central western and north-western Queensland, according to the latest rural report from valuation firm Herron Todd White.
The report found that there was strong demand for grass and properties selling with adequate pasture reserves.
13 properties in the central western Queensland region have sold in the past three months, compared to 19 sales for the whole of 2018.
Values are well above previous levels by up to 25% or more for the odd isolated sales.
The valuers noted, "We are of the opinion that values are at or near a market peak and we caution that this possibly brief period of strong demand could be a short-lived price spike."
"However, given the widespread drought conditions that have been and still are being experienced over much of the region for the past five to seven years, maybe the region’s values are just playing catchup to other areas of the state," they stated.
Lack of grass has most likely prevented some producers from listing their properties for sale, but reasonable rainfall in some areas of the central west has given those producers wishing to sell an opportunity to get out.
The report said Iinitial demand was from drought-stricken producers in the Northern Territory and Queensland, with some New South Welshmen now heading north.
"Some properties have sold to sheep producers for the first time in nearly 30 years."
"Some of the recent sales have been to producers who have had expansion plans in mind, but drought conditions have brought matters to a head earlier than expected. Therefore, once seasons return to widespread favourable conditions, a lot of these recent sales may not hit the market again in the short-term," it concluded.
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j.ballantyne1990-6AQqhLzZaK

Western Queensland rural properties with grass reserves sell strongly: HTW Rural

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Office vacancy rates in the Adelaide CBD decreased from 14.7% to 14.2%, led by reductions in both the core and fringe sectors of the Adelaide market, according to the latest report from Herron Todd White.
The valuation firm found, Premium and A grade vacancy has been recorded at 2.6% and 14.3% respectively.
While that 2.6% premium grade vacancy figure seems very low, there is a very limited amount of premium space on offer in the Adelaide CBD so that should be taken into account.
These vacancy figures support the nation-wide push for more efficient and more sustainable office spaces as climate change discussions continue to dominate the political landscape.
As a result of the reducing vacancy rates, office property yields have remained solid, with A grade space in the Adelaide market recording yields of 6% to 8%.
The report authors said, "in comparison, Sydney and Melbourne A grade office properties are fetching 4.5% to 5.5%, however the eastern states are recording higher levels of rental growth compared to the Adelaide market."
"Gross face rents for prime space in the Adelaide office market are currently around $550 per square metre while A grade space is fetching $370 per square metre.
"The latest figures from the PCA have analysts predicting 2% to 2.5% growth for premium space in Adelaide over the next few years. In addition, the current incentive levels for premium and A grade office spaces are expected to decline over the next two years to a level around the 25% to 30% mark."
Sales are down from the record levels set in 2018.
There are however some major offerings currently on the market, notably 25 Grenfell Street (pictured in title), which was listed for sale just two years after being purchased by Credit Suisse for $125 million.
Furthermore, there are some significant developments that will increase the supply side of the office market throughout the second half of 2019.
One such development is GPO Tower, currently under development it will add 24,500 square metres of space to the core market, located at 2-10 Franklin Street.
Upon the project’s completion late this year, major tenant BHP will occupy 40% of the building and the global mining giant’s name will illuminate the Adelaide skyline as they have secured the naming rights of the new office tower as part of the lease agreement.
The BHP lease now takes the committed net lettable area of the building to roughly 90%, as the South Australian Attorney General’s department has pre-committed to a lease of 50%.
The pre-commitment levels mean that although the building is yet to be completed, there will only be roughly 10% or 2,450 square metres of lettable space available when the office building officially opens late this year.
However further additions by way of new development in the Adelaide market will be scarce.
The Festival Plaza development at Station Road, which encompasses over 43,000 square metres of lettable area, is not predicted to reach completion until 2021. Plus 73-85 Pirie Street, the old Planet Nightclub site that has lay dormant since 2004, has only now been granted
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Office vacancy rates down in Adelaide: HTW Commercial

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Over the year to February 2019, dwelling sales were down -10 per cent across the Latrobe-Gippsland region, although current sales activity is in line with the five year average for the region, according to the latest CoreLogic regional report. 
Dwelling values across the Latrobe-Gippsland region increased year-on-year with house values increasing by 5.9 per cent over the 12 months to March 2019, while unit values were up by 7.9 per cent over the same period.
'<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/2019/6/5/latrobe%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/5/geelong%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/2019/6/5/geelong%202.jpg" alt="">
 
Source: CoreLogic 
 Renting is more expensive across the region with advertised rental rates up $20/week for houses and $15/week for units over the year to March.
<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/2019/6/5/geelong%203.jpg" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2019/6/5/geelong%204.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/2019/6/5/geelong%204.jpg" alt="">
Source: CoreLogic 
The time a home sits on the market across the region has improved with the average house selling 17 days faster, and the average unit selling 10 days faster when compared to February 2018. 
The average vendor is offering less of a discount to secure a sale over the same period.
<a href="https://www.propertyobserver.com.au/images/2019/6/5/cairns%205.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/2019/6/5/cairns%205.jpg" alt="">
Source: CoreLogic 
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Latrobe-Gippsland regional sales volumes down 10 percent: CoreLogic 

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Overcome, an architect designed home set high in the rainforest enclave of Mount Wilson is on the market with $1.295 million to $1.395 million hopes. 
Adele Colman of Richardson &amp; Wrench Blackheath has the listing. 
Situated on 1.4 acres, the three level house at 24 Queens Avenue features a design with an emphasis on living areas to share, peaceful getaway nooks, and windows with views of the garden and national park.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/mt%20wilson%202.jpg" alt="">
It comprises upstairs master suite, 3 additional bedrooms, rumpus room, 3.5 bathrooms, two living areas and dining area flowing to the outdoor terrace. 
The house is surrounded by a landscaped garden with one-hundred-year-old trees and stone-walled terraces. 
<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/mt%20wilson%203.jpg" alt="">
Additional features include underfloor heating, open fire in lounge, vaulted-ceilinged sky room, frameless corner windows, and antique Mexican double entrance way doors.
It is located within two hours to the city. 
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Mount Wilson home with views to Sydney listed 

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Gold Coast Airport has completed laying the concrete foundations for a new hotel at the site.
It involved the pouring of 2,050 cubic metres of concrete.
Queensland Airports Limited executive general manager, property and infrastructure Carl Bruhn said the 3,000 square metre concrete slab forms the foundations for a $50 million seven-storey, 192-room hotel.
The Rydges hotel will have a rooftop bar and views over Kirra Beach and across the runway.
It was expected to open in mid-2020.
It is being built by locally-based construction company, Condev, on behalf of developer, Trepang, a company associated with John Robinson and Nick Paspaley, who have developed hotels in Darwin, including two airport hotels.
Queensland Airport is the owner and operator of Gold Coast, Longreach, Mount Isa and Townsville airports.
Gold Coast Airport handled 6.52 million passengers in 2018, down from 6.5 million in 2017.
The airport’s master plan has forecast annual passenger numbers rising to 16.6 million by 2037.
In March, the airport appointed Lend Lease to build a new three-level terminal expected to be completed by mid-2021.
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Foundations laid for new hotel at Gold Coast airport

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Dexus has begun construction on a development to tranform the MLC Centre precinct into a premier space in the heart of the Sydney CBD.
The circa $170 million project (artist rendition pictured in title) will deliver approximately 6,000 sqm of new and improved retail space across four levels and is supported by the existing office tower in Martin Place.
It follows just a few months after <a href="/expert-insights/investing/dexus-take-full-control-of-mlc-centre">Dexus implemented a purchase right</a> over the remaining half of the MLC Centre that was <a href="/expert-insights/investing/half-of-harry-seidlers-mlc-centre-to-be-sold-by-gpt">first listed in January</a>.
The ASX-listed group already owned half of the building, and it is believed Dexus paid $800 million for the half previously owned by the GPT Group, which has a book value of $725 million.
The new retail offering will include, new luxury and premium retail to Castlereagh and King Streets, a new plaza food and beverage precinct fronting onto Martin Place and a mix of retail and service providers within the building core.
<img src="https://www.urban.com.au/images/2019/6/13/MLC%20Centre%20New%202.JPG" alt="">
Plus a new commercial tower entrance will be established from Castlereagh Street (artist rendition pictured above), improving connectivity for workers and visitors.
The redevelopment also includes plans to revive the Theatre Royal with Dexus entering into a 45 year lease with the NSW Government, paving the way for a private theatre operator to run the theatre.
The MLC Centre, originally designed by architect Harry Seidler, has been a key city landmark since 1978.
Harry Seidler and Associates Director Penelope Seidler said, “I am so excited about the design of the new works proposed for the MLC Centre. The integrity of Harry’s original architecture is to be re-established and contrasted with new geometries of internally illuminated glass. The MLC Centre will become the glowing core of the centre of Sydney.”
Project partners include Probuild (Builder), Woods Bagot (Architect) and Harry Seidler and Associates (peer review).
Throughout the development works the existing MLC Centre car park, food court, IGA Supermarket and several other retailers will remain open and in operation.
The redevelopment of the MLC Centre retail precinct is expected to be completed by the end of 2021. 
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Dexus begins construction on MLC Centre retail precint renewal, Sydney

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Lorn, the 1920's California bungalow at the southern end of Collaroy Beach, has been sold for $10 million.
It was sold by the Hong Kong-based expat Amanda Spiegel.
A consortium of six local residents bought the house at 9-11 Birdwood Avenue at auction with the view to keeping it as a landmark home. There was overseas interest from Singapore and India.
It was offered by Michael King and Noel Nicholson from Ray White Prestige Palm Beach. The five-bedroom property last traded for $605,000 in 1986.
The 1,472 sqm site at <a href="https://www.realestate.com.au/sold/property-house-nsw-collaroy-131128938" target="_blank">9-11 Birdwood Avenue, Collaroy i</a>s zoned for low-density residential development.
The north-facing parcel with street frontage of over 36 metres, is directly across from the sand, surf and rockpool.
<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/LORN%201.jpg" alt="">
Originally built as one of the northern beaches earliest holiday homes, Lorn comprises 5 bedrooms, kitchen, lounge room, dining room, sunroom, covered terrace and double garage. 
Its beachfront elevated setting offers beach, ocean and headland views. 
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Lorn, Collaroy holiday home sells for $10 million

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Australia’s low rate lenders continue to battle it out with variable rates reaching as low as 3.09 per cent.
Over the past few days, non-bank lender Reduce Home Loans launched a new product at 3.09 per cent, receiving the honor of the new lowest ongoing variable rate.
The product is for new customers with a 40 per cent deposit (60% loan-to-value ratio, LVR).
Mortgage House has also dropped its lowest variable rate in the past couple of days, down to 3.14 per cent for people living outside of NSW with a 30 per cent deposit (70% LVR), while loans.com.au has dropped its lowest rate to 3.28 per cent.
<img src="https://www.urban.com.au/images/2019/6/13/Latest%20cuts%201.JPG" alt="">
(Source: Ratecity.com.au)
Ubank, a subsidiary of it's parent company NAB has announced it will be passing on the full 0.25% rate cut effective June 28, and will apply to both new and existing customers.
<div class="cell-value" data-reactid="181">One competitor, Greater Bank, has broken the 3% barrier with a fixed home loan rate of just 2.99% for the first year before being bumped to 4.1%.</div>
<div class="cell-details" data-reactid="182"> </div>
<div class="cell-details" data-reactid="182">Further below are the lowest fixed home loan rates for 1, 3 and 5 year home loans as well as the latest changes to savings and deposit rates.</div>
RateCity.com.au research director Sally Tindall said the non-bank lenders were climbing over each other to claim the lowest rate.
“Ideal borrowers are increasingly being rewarded with lower rates. If you’re an owner-occupier paying down your debt with a bit of equity up your sleeve you’re in the box seat when it comes to rates."
“If the RBA cuts again, we will almost certainly see variable rates drop below 3 per cent,” she said.
A side effect of the ongoing rate cuts is that Australia’s credit card debt accruing interest has slid to the lowest level in over 11. 
The RBA credit card statistics released this week show Australia’s debt accruing interest on personal credit cards is now $29.5 billion, down 4.9 per cent year-on-year, and at it's lowest levels since December 2007.
Notably the number of personal credit card accounts has fallen 3.1 per cent year-on-year.
There are now 470,088 fewer active accounts than there were in April 2018.
In addition to this Sally Tindall said, “banks are cracking the whip at their end under instructions from ASIC to assess a person’s ability to repay their entire credit card limit within three years."
“As a result, credit limits have fallen to the lowest level in more than three and half years as new customers are being forced to cut back," she concluded.
<img src="https://www.urban.com.au/images/2019/6/13/Latest%20cuts%202.JPG" alt="">
(Source: Ratecity.com.au)
New research from Finder found that Australian households could lose over a billion dollars in interest on their savings, following the Reserve Bank’s cash rate cut on Tuesday. 
According to their findings, if banks pass on the RBA’s 25 basis point interest rate cut in full, Australians will lose a whopping $1.3 billion in interest over the course of a year. 
<img src="https://www.urban.com.au/images/2019/6/13/latest%20savings%20cuts.JPG" alt="">
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What are the latest home loan cuts and who's making them? 

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A mid-century modernist home at Kingscliff, NSW has recently been sold for $1,275,000. 
It was offered by Mark Humphries from LS Properties Casuarina. 
Located within stage 1 of Salt Village, the house of glass, steel and concrete at <a href="https://www.realestate.com.au/sold/property-house-nsw-kingscliff-127946574" target="_blank">11 Shipstern Street </a>comprises Zen like master suite, two additional bedrooms, living space opening to covered outdoor entertaining area, and minimalist kitchen glowing to the outside. 
<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/kingscliff%202.jpg" alt="">
The Palm Springs inspired pool area features a Red rainwater tank plunge pool.
Other highlights include eco smart fireplace, bamboo screen in the indoor/outdoor bath area, and solar passive design. 
<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/kingscliff%203.jpg" alt="">
It is within a 300 metres walk from the beach and only a 200 metre walk across Salts Centre Park to restaurants. 
The modernist home of glass, steel and concrete allows for diverse use of the internal areas and future a second storey options. 
It had last sold at $275,000 in 2013. 
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Kingscliff mid-century modernist house sold 

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GUEST OBSERVATION 
It was no April fool’s joke when the <a href="https://www.rockefellerfoundation.org/" target="_blank">Rockefeller Foundation</a> announced it will phase out funding for the <a href="https://www.100resilientcities.org/" target="_blank">100 Resilient Cities</a> network. The foundation’s <a href="https://www.100resilientcities.org/update-from-100rc/" target="_blank">message</a> was a <a href="https://www.citylab.com/environment/2019/04/rockefeller-100-resilient-cities-climate-philanthropy-end/586522/" target="_blank">surprise for many participating cities</a>, including Melbourne and Sydney, and for its partnering non-governmental organisations, businesses and academics.
<a href="https://www.youtube.com/watch?v=fk6B8PJAB4M" target="_blank">100 Resilient Cities</a> is a global network designed to increase urban resilience, <a href="http://www.100resilientcities.org/resources/" target="_blank">defined</a> as: "the capacity of individuals, communities, institutions, businesses, and systems within a city to survive, adapt, and grow no matter what kinds of chronic stresses and acute shocks they experience."
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What next after 100 Resilient Cities funding ends?

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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