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The prestige Melbourne home builder Canny Builders has entered voluntary administration.

Builder Damian Canny called in the accounting firm PKF last Friday with the administrators Glenn Franklin and Jason Stone assessing whether the business can be sold.

PKF said it is “already aware of a number of parties interested in the business and the company’s IP.”

The 12 affected owners of home under construction have been contacted, the realestatesource website advised.

Mr Franklin said all efforts will be made to transition these projects as part of a business sale “or facilitate a transfer to builders of the home owners’ choice”.

The Canny Homes division has been building for 25 years with the dwellings typically priced between $1 million to $7 million.

Kip Harding of Red Consulting International, the company accountant, sought the referral to PKF.

Franklin initially met Canny, Harding and the builder's then financial officer Joshua Williams in late February this year.

In March they discussed a turnaround management plan.

The appointment was to Canny Builders Pty Ltd and CWD Holdings Pty Ltd.

In 2013 Canny took out the 2013 Australian HIA Australian Project Home of the Year award for its Lubelso concept home in Malvern.

The two-storey home features three integrated living zones, four bedrooms and an automated trapdoor to the cellar. 
 

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See More: Prestige Melbourne homes available to secure now

[smartcode_project:default project_id=2772]

[smartcode_project:default project_id=89720]

[smartcode_project:default project_id=31283]
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j.ballantyne1990-6AQqhLzZaK

Prestige Melbourne home builder Canny Builders goes into voluntary administration

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The Zagame family has sold the Woolworths-anchored Yarra Junction shopping centre in the Yarra Valley.
It has sold for about $19 million to interests associated with Ari Herszberg and Sam Herszberg, Nine Entertainment reported.
The 3500-square-metre neighbourhood centre stands on an 8188 sq m site at the 2450 Warburton Highway location.
It was first put up for sale in October last year expecting to capitalise on a recent population surge in the outer eastern town.
The Woolworths anchored neighbourhood centre’s 11 specialty stores include an optometrist, bakery, chemist, and Bendigo Bank, which, together with the Woolworths store, returning circa $1.24 million per annum net. 
It has 100 percent occupancy from non-discretionary retailers.
CBRE agents Justin Dowers and Mark Wizel signalled $20 million hopes for the centre that had a strong trading history for over 25 years, and has continued to benefit from a consistent growth tourism within the Yarra Valley Region.
"There is a clear opportunity to add value to this centre," they said, adding it was "very well placed to benefit from any capital investment." 
<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/2018/10/22/Yarra%20Junction%202.jpg" alt=""> 
Based on the annual rental return of $1.3 million, the registered vendor, Zagame Yarra Junction Pty Ltd, was seeking to offload Yarra Junction on a passing yield of around 6.5 per cent.
It is understood the sale of Yarra Junction was brokered by Stuart Taylor and Tom Noonan of JLL.
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Ari and Sam Herszberg behind Yarra Junction shopping centre buy

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Conditions remain bleak across the WA housing market, with Perth’s five year price correction re-acclerating in 2018 and buyer sentiment still not gaining traction, according to Westpac.
Its Housing Pulse May 2019 did suggest there are positives as the pace of monthly price declines is moderating, the glut in rental markets looks to have disappeared, and mining regions have seen a lift.
However, with the economy still looking soft, mortgage arrears rising and the clear threat of ‘negative equity’ problems highlighted in our last report, downside risks are likely to persist.
Curtin University school of economics, finance and property associate professor Steven Rowley recently noted the bottom of the market had been called for three years now.
Perth valuer Gavin Hegney believes that the bottom has yet to come.
“If you are looking for the bottom out in the overall median price, you are not going to see that until the end of the year,” he told Domain.
“And you are not going to see that until rents rise and the tenants of today become the purchasers of tomorrow on the basis they can get money, and that will seem to balance and lessen the rental pressure and see purchasing pressure and recovery in the lower end of the market
“That’s the reality but within the market there are always things on the move, and while outer areas and the lower end are seeing properties sell for well below replacement price, some of the upper end of the market – not the ultimate prestige – but what they call the upper end mortgage market if you like, is doing quite well.”
<a href="https://www.propertyobserver.com.au/images/2019/5/29/WA%201%20.jpg" target="_blank">Click here</a> to enlarge:
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Prices across the Perth market are down 8.7% annually, the fastest pace of decline since the GFC.</div>
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<div class="column">Following an extended correction, prices are now at a 13 year low.</div>
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<div class="column">The price detail shows the latest turn has been broad based across houses, units, price tiers and sub-regions.</div>
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<div class="column">The shift is notable for the lack of variation across segments.</div>
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<div class="column">As noted, the monthly pace of declines in Perth has moderated a touch since February, with declines tracking 0.5%mth in Mar-May vs 1.1%mth through Nov-Feb.</div>
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<div class="column">The detail shows improvements in the North East and South East of the city but some deterioration in inner areas.</div>
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<div class="column">WA’s mining areas are seeing some lift in prices.</div>
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<div class="column">The Westpac WA Consumer Housing Sentiment index has firmed slightly since Feb but is largely unchanged on a year ago and unlikely to be sufficient to lift the market out of its slump.</div>
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<div class="column">Around supply, Perth’s vacancy rate is now back to ‘normal’ levels but listings of both houses and units remain elevated and will continue to accumulate at the currently very weak pace of sales.</div>
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<div class="column">Source: Westpac</div>
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<div class="column">The Westpac report comes as Domain report Perth property prices are now nearly back to the levels seen at the end of 2011.
“That 2011 decline was the trough and was before the 2014 peak, so prices rose from their trough in 2011 up to the peak of 2014, and now they are back down to that trough of 2011 more or less,” said Domain senior research analyst Nicola Powell, meaning they are now nearly back to the levels seen at the end of 2011.
“The impact of the once-in-a-generation mining boom played havoc with normal demand patterns; there was a temporary population explosion which led to rising prices and in the end an overbuild of new housing,” LWP Property Group managing director Danny Murphy told Domain.
“When the impacts of the boom ended the major driver of activity in population growth fell away sharply. Other related factors around employment certainty and the expectation of reductions in prices reduced the incentive to purchase.”
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Western Australia sees no real let up to bleak property market

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A three bedroom one bathroom house in Campbelltown, NSW has been sold following an unsuccessful March auction.
The property sold for $490,000, $9,000 below the $499,000 that was sought.
Manfred Harle of Richardson &amp; Wrench held the listing.
Situtated at <a href="https://www.realestate.com.au/sold/property-house-nsw-campbelltown-130585758" target="_blank">18 Megalong Crescent</a> the 1970 property is a one storey brick veneer house.
Set on 588, sqm it features a one car lockup garage.
Positioned withing walking distance of local school, shops and transport, it was described in the listing as "a great opportunity for first home buyers and investors".
Last sold in 2007, the property transacted for $270,000.
<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 home in <a href="/developments/campbelltown-nsw-2560">Campbelltown</a> is $600,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 8.8%. 
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Campbelltown, NSW mortgagee home sold after unsuccessful auction

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A Southbank, Vic, mortgagee apartment situated near the Melbourne CBD has sold for $353,000.
It marks a $200,000 reduction on its 2013 sale price of $553,000.
John Pratt and Steven Lee of Dixon Kestles held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-southbank-131104010" target="_blank">3010/151 City Road</a>, the one bedroom one bathroom apartment was sold at auction May 25.
It was previously listed from August 2017 to April 2018 with an asking price of $420,000, however it was unable to sell.
Located near both the CBD and the Melbourne Freeway, it is just a single block from the Crown Casino and within walking distance to Southgate's various cafes and eateries.
Featuring one under cover car space, it is part of the Southbank Grand apartment complex which is host to a heated indoor pool, a gym and a bbq area. 
In August and September of 2017 the property was listed for rent at $485/pw.
<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>
According to CoreLogic, the annual change in median price for a property in <a href="/developments/southbank-vic-3006">Southbank</a> over the past 10 years is 2%.
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Southbank, Melbourne mortgagee apartment sells for $200,000 loss

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A Perth home, architecturally crafted with a Romanesque design has been brought to market.
The three bedroom Claremont home was created by architect Richard Reilly in 1960s, built around a central swimming pool and courtyard.
Its Romanesque design includes vast floor to ceiling windows and large recessed sliding doors that when open create wide walkways and connect the home to the outdoors.
The luxury master bedroom has its own walk in wardrobe, ensuite and direct access to the central courtyard.
There are a further two bedrooms, three bathrooms, a home office a designer kitchen renovated by Leon House in 2014.
There's also a reticulated veggie plot and a number of fruit trees.
Jody Fewster of Ray White Cottesloe/Mosman Park is asking for offers in the high $2 million range.
<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/2019/5/21/claremont%201.jpg" alt="">
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Romanesque Claremont trophy home hits the market

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GUEST OBSERVATION
Growing numbers of Australians are <a href="https://theconversation.com/moving-on-from-home-ownership-for-generation-rent-71628" target="_blank">locked out of home ownership</a> or struggling in insecure and <a href="https://www.anglicare.asn.au/our-work/research-reports/the-rental-affordability-snapshot" target="_blank">unaffordable private rental</a> markets. There are concerns about <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780" target="_blank">home owners drowning in debt</a>. And for lower-income earners, high housing costs mean that paying for food, energy bills and health costs is an ongoing challenge.
It is time for a new way of talking about housing in Australia. The housing crisis is quickly turning into a crisis of care.
We call on the newly re-elected Morrison government and new Housing Minister Michael Sukkar to recognise that the value of housing is not just economic. Housing is an infrastructure of care. Australian governments need to ask: is this a housing system that cares?
A location for essential care
Houses are hubs of care practices and relations. They are places of everyday care, of cooking, cleaning and washing, of care between household and family members. Houses are where we care for children, elders, partners and ourselves.
Houses are also anchors for community and neighbourhood-based care. We keep an eye on neighbours’ homes, support older neighbours to <a href="https://theconversation.com/for-australians-to-have-the-choice-of-growing-old-at-home-here-is-what-needs-to-change-91488" target="_blank">age in place</a>, and care for pets.
This care work is what keeps us alive.
Even though care is not always done well, it is an essential practice that is connected in fundamental ways with housing. Without housing it can be very difficult to meet basic needs.
The care work of housing
But housing is more than just a place where care takes place. Housing systems – through housing policy, markets and design – organise the distribution of care and the ability of people to give and receive care.
<a href="https://www.tandfonline.com/doi/abs/10.1080/02673037.2019.1612038" target="_blank">In our research</a> this drives us to ask: how does the housing system support or limit the capacity of households to care?
We argue that housing is a care infrastructure and call for this understanding of housing to be at the centre of housing reform.
Home owners benefit
In Australia we value housing as an individual investment and asset. The <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/pdf/10.1111/geoj.12213" target="_blank">economic values of housing</a> (how much we can buy, sell or otherwise leverage housing for) are at the heart of how housing is usually discussed.
For affluent households housing markets can work very well as a care infrastructure. This is because these households can more readily afford housing that meets household care needs. They are also more able to invest in housing to cover the costs of care in later life and to support the needs and ambitions of children. For home owners housing is a private welfare net for funding care needs.
Australian housing and related policies create and reinforce the value of home ownership. Subsidies for first home owners, the proposed First Home Loan Deposit Scheme (<a href="https://www.liberal.org.au/latest-news/2019/05/26/ministry" target="_blank">which will be a focus of efforts by the new housing minister)</a>, preferential treatment for owner occupation in pension tests and tax breaks for investor landlords underpin the value of home ownership as an infrastructure of care.
However, for the growing numbers of households not in a position to own a home the picture is less rosy. In many cases housing becomes an infrastructure that inhibits access to necessary care. As <a href="https://theconversation.com/home-ownership-foundations-are-being-shaken-and-the-impacts-will-be-felt-far-and-wide-91664" target="_blank">increasing numbers of households rent for longer periods</a>, we risk a housing system that only cares for some.
Housing affordability
Housing affordability is a central concern. Lower income earners have less ability to choose to live in places that are well serviced or where family-based care networks are located. Less affluent areas often have <a href="https://theconversation.com/down-and-out-in-australia-the-new-way-to-define-poverty-1812" target="_blank">less access</a> to public and private care services like doctors and other specialists.
Housing affordability also shapes the ability to afford other care resources like quality food and electricity. Households that face high housing costs are often forced to compromise in these areas.
In <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/full/10.1111/tran.12306" target="_blank">Emma’s</a> and <a href="https://theconversation.com/hunger-in-the-lucky-country-charities-step-in-where-government-fails-90017" target="_blank">other</a> <a href="https://www.publish.csiro.au/book/7269/" target="_blank">related research</a> older retirees in the private rental market depended on local food charities for nutritious food. And in winter they restricted their use of heating to avoid bill blow-outs.
There are also connections between paid work, caring capacity and housing affordability. High-cost housing markets can drive people to work longer hours and multiple jobs, or require multiple income earners within a household. This can reduce the ability of individuals and households to meet domestic care responsibilities.
<h2>Tenure and care</h2>
Non-home owners also face restrictions around their use of private rental properties. For a start, <a href="https://theconversation.com/rental-insecurity-why-fixed-long-term-leases-arent-the-answer-73114" target="_blank">rental housing is notoriously insecure</a>. There are also <a href="https://theconversation.com/for-renters-making-housing-more-affordable-is-just-the-start-76263" target="_blank">restrictions</a> on the ability of renters to make a house into a home.
Private rental legislation typically does not require landlords to agree to property modifications to meet the needs of a person with disability or ageing body, even when tenant-funded.
Women in <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/full/10.1111/tran.12306">Emma’s research</a> reported losing bonds to cover costs associated with removing modifications that had been agreed to during a tenancy. In <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/1745-5871.12058">Kathy’s research</a>, the fear of eviction meant private renters found it difficult to ask for and be granted repairs that would make their homes habitable. They endured leaking roofs and mouldy walls that made housing unsuitable for meeting basic care needs.
Such policies reinforce the value of owned homes as powerful care infrastructures for home owners, while undermining the caring capacity of households that don’t own their homes. While social housing <a href="https://search.informit.com.au/fullText;dn=763478754874546;res=IELHSS" target="_blank">enhances the caring capacity of many households</a>, social housing is <a href="https://theconversation.com/australia-needs-to-reboot-affordable-housing-funding-not-scrap-it-72861" target="_blank">chronically underfunded and undersupplied</a>.
Diversity helps meet different needs
As growing numbers of households find themselves locked out of home ownership and face difficulties securing affordable housing in our <a href="https://www.anglicare.org.au/about-us/research-advocacy/advocacy/rental-affordability-snapshot/" target="_blank">expensive private rental markets</a>, Australia badly needs housing reform.
The care work of housing must be at the centre of housing policy. The new government and minister for housing must ask: first, is this a housing system that cares? And, second, who does this housing system care for?
Historically, this question has been answered with calls to increase home ownership. But there is value in a diverse housing system because different households have different needs.
Further, those who invest in housing are dependent on the people who will rent that housing. These people in turn have the right – and need – for housing that supports their care needs. Affordable housing is only the starting point.<img src="https://counter.theconversation.com/content/117311/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/emma-power-250930" target="_blank">Emma Power</a>, Senior Research Fellow, Geography and Urban Studies, <a href="http://theconversation.com/institutions/western-sydney-university-1092" target="_blank">Western Sydney University</a> and <a href="https://theconversation.com/profiles/kathleen-mee-739854" target="_blank">Kathleen Mee</a>, Associate Professor of Geography, <a href="http://theconversation.com/institutions/university-of-newcastle-1060" target="_blank">University of Newcastle</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/is-this-a-housing-system-that-cares-thats-the-question-for-australians-and-their-new-government-117311" target="_blank">original article</a>.
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Is this a housing system that cares? That’s the question for Australians and their new government

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GUEST OBSERVER
Established migrant communities in regional and rural areas are often ignored in favour of policies focused on attracting new intakes of skilled migrants. A striking example is the <a href="http://www.devpolicy.org/pacific-farmworkers-in-australia-20180206/" target="_blank">substantial population of Pacific Islanders in horticultural areas in Australia</a>.
They are largely unacknowledged or even invisible to policymakers in Canberra. Their working-age children now struggle to move beyond the seasonal, precarious horticultural work their parents do. Appropriate supports could help them increase their skills and make a valuable contribution to the rural economy.
Since the mid-1990s, the Australian government has tried to tackle problems on two fronts – congestion in urban areas, and population decline and associated labour shortages in rural areas – through diverse migration schemes.
In March this year the Morrison government launched a <a href="https://www.pm.gov.au/media/plan-australias-future-population" target="_blank">plan for Australia’s future population</a>. It emphasised skilled migration as a means of “ensuring regional communities are given a much-needed boost”. The plan includes new regional visas for skilled workers and scholarships for domestic and international students to study in regional tertiary institutions.
A neglected community
The rhetoric around settling people in regional areas tends to neglect the untapped potential of migrant populations that already live there. <a href="https://www.latrobe.edu.au/social-inquiry/research/current-research-projects/pacific-islanders-in-regional-victoria-visitors-migrants-and-overstayers" target="_blank">Our research in the Sunraysia region</a> shows Pacific people have been largely trapped in seasonal farm work since they began moving there in the 1980s.
The government’s lack of acknowledgement of these established communities was evident in its planning and introduction of the <a href="https://www.jobs.gov.au/seasonal-worker-programme" target="_blank">Seasonal Worker Program</a>. Their potential to provide pastoral care for temporary workers from the Pacific islands was neglected. In both the <a href="https://docs.jobs.gov.au/system/files/doc/other/pswps_-_final_evaluation_report.pdf" target="_blank">2011 final evaluation of the Pacific Seasonal Worker Pilot Scheme</a> and the <a href="https://www.aph.gov.au/%7E/media/02%20Parliamentary%20Business/24%20Committees/244%20Joint%20Committees/Migration/Seasonal%20Worker%20Program/Report/Full%20report.pdf?la=en" target="_blank">2016 report of the parliamentary inquiry into the Seasonal Worker Program</a> this is seen as the responsibility of approved employers.
However, such “official” pastoral care is insufficient. We have found settled communities are supporting workers in getting health care and often provide them with food and other supplies.
<a href="https://images.theconversation.com/files/276259/original/file-20190524-187179-1vjwm30.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/276259/original/file-20190524-187179-1vjwm30.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Pacific people are active members of churches in regional Victoria and provide pastoral care to members of their community. Author provided
But the government has seen the settlers in negative terms, as potentially encouraging Pacific people employed through the Seasonal Worker Program to overstay their visas. This claim was made, for instance, in a 2016 call for expressions of interest in research for the <a href="https://www.cardno.com/projects/labour-mobility-assistance-program-lmap/" target="_blank">Labour Mobility Assistance Program</a>.
Rather than relying only on bringing in new waves of skilled migrants, <a href="https://theconversation.com/forcing-immigrants-to-work-in-regional-areas-will-not-boost-regional-economies-in-the-long-run-96852" target="_blank">most of whom stay for the required period then move to the cities</a>, why not focus on resolving structural problems and increasing the skills of those who already live there? This would mean tackling the barriers the local Pacific populations face, including their relative invisibility in regional communities.
In regional Australia, social services are directed mainly to new migrant and refugee arrivals, as well as Indigenous Australians. Some of our Pacific research participants said their communities’ needs remain largely unmet. A Tongan community leader we interviewed in Mildura raised two questions that prevent Pacific people from accessing support in Sunraysia: “Are you a refugee? Are you an Indigenous [person]?”
A high school principal echoed this point. She knew who to contact when she needed support for Koorie students or students from a “Muslim background”, but eligibility criteria often excluded Pacific youth from these services.
Many Pacific young people in Sunraysia express a strong desire to remain in their home towns, yet feel they face significant barriers to entering the workforce.
<a href="https://images.theconversation.com/files/276256/original/file-20190524-187189-nv8hmg.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/276256/original/file-20190524-187189-nv8hmg.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Pacific youth in Sunraysia who attended our workshop in 2017 brainstormed the advantages and disadvantages of living in regional and urban areas. Author provided
Their teachers confirm that Pacific youth are less likely to be considered for apprenticeships. They need targeted programs to ensure they get skills training that will broaden their employment opportunities.
Yet their <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2014-05-14/an-pacific-islanders-missing-out-on-tertiary-education2c-study/5453382" target="_blank">rates of participation in TAFE and university are low</a>. This is partly due to their lack of knowledge about their options.
In a workshop with teachers they also told us some Pacific students come to high school with insufficient literacy and numeracy skills. Early support could have overcome this problem.
The problems are structural
Much of the debate about employment relies on the idea of individual empowerment, which assumes academic achievement leads to skilled work. However, <a href="https://theconversation.com/youth-unemployment-local-communities-essential-for-helping-young-people-find-work-56673" target="_blank">David Farrugia argues</a> that youth unemployment rates will not decline without overcoming structural problems in regional Australia.
An example of these problems in Sunraysia is that some local industries that give workers stable hourly rates <a href="https://www.theguardian.com/australia-news/2018/apr/02/pacific-workers-not-backpackers-should-do-australias-regional-work-world-bank" target="_blank">prefer to employ working holidaymakers or backpackers</a>. This leads migrants and second-generation youth to work in more precarious piece-rate farm jobs. The local advocacy body for employing settled workers told us the preference for working holidaymakers is linked to their connections with other industries such as accommodation providers that benefit from this transient population.
Despite being born and raised locally, and in many cases being Australian citizens, Pacific youth experience significant discrimination and marginalisation. Like their parents’ generation they are <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/radio-australia/programs/pacificbeat/pacific-islanders-in-rural-australia-struggling-to/8693102" target="_blank">stigmatised as “fruit pickers”</a>.
Many of them come to see farm work as the only option if they stay in the area. And even that is becoming increasingly precarious because they have to compete with temporary workers, such as those in the Seasonal Worker Program, working holidaymakers and irregular migrants.
Enabling the full participation of Pacific youth in more stable and skilled employment would contribute to the regional economy and improve social cohesion. But the policy focus is still on how to bring in new migrants. Population planning needs to have a long-term perspective and for regional areas a focus on the needs of the well-established migrant populations is crucial.
Dean Wickham, executive officer of <a href="http://www.smeccinc.org" target="_blank">Sunraysia Mallee Ethnic Communities Council</a>, contributed to our research project and writing this article.<img src="https://counter.theconversation.com/content/116277/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/makiko-nishitani-435963" target="_blank">Makiko Nishitani</a>, Lecturer, <a href="http://theconversation.com/institutions/la-trobe-university-842" target="_blank">La Trobe University</a> and <a href="https://theconversation.com/profiles/helen-lee-730364" target="_blank">Helen Lee</a>, Professor of Anthropology, <a href="http://theconversation.com/institutions/la-trobe-university-842" target="_blank">La Trobe University</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/the-forgotten-people-in-australias-regional-settlement-policy-are-pacific-islander-residents-116277" target="_blank">original article</a>.
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The forgotten people in Australia’s regional settlement policy are Pacific Islander residents

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A recently renovated late Victorian family home in Armadale has been offered for sale with a price guide of $3 million to 3.3 million.
Jeremy Fox and Jack Edgar of RT Edgar have the listing. 
Nestled on a 725sqm block, the circa brick home at<a href="https://www.realestate.com.au/property-house-vic-armadale-131122102" target="_blank"> 22 Kooyong Road </a>keeps original features including decorative 1886 Victorian facade, arched porch and timber panelled entrance foyer.
The ground floor comes with timber panelled entrance foyer, formal lounge, separate dining or 4th bedroom, study, huge open plan kitchen, informal dining, and informal sitting room opening to the pool and north facing rear garden. 
<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/2019/5/28/armadale%202.jpg" alt="">
Upstairs comprises master bedroom with walk-in robe, two other bedrooms, and separate family bathroom. 
It is within a short walk to High Street and Glenferrie Road shops and restaurants, Melbourne’s top schools, nearby parklands and transport.
<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/2019/5/28/armadale%203.jpg" alt="">
The home last sold at $600,000 in 2000. 
The expressions of interest campaign for the home ends June 3. 
 
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Armadale Victorian home listed with over $3 million hopes

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An architecture-designed South Yarra house with views of Melbourne city has hit the market with a price guide of $2.75 million to $3 million.
It has been offered by Nicholas Brooks and David Volpato from Marshall White, just months after its completion. 
Designed by JAM Architects, the house at <a href="https://www.realestate.com.au/property-house-vic-south+yarra-131114902" target="_blank">1 Peter Street</a> features soaring double height ceiling, white brick feature wall and limed oak floors.
<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/2019/5/28/south%20yarra%202.jpg" alt="">
It comprises main bedroom with city views from the balcony, two additional double bedrooms, open plan living and dining room with Jetmaster open fire, state of the art kitchen,  sitting room or 4th bedroom, and landscaped forecourt. 
Other highlights include video intercom, under-floor heating, RC/air-conditioning, audio wiring, irrigation, underground water tank and ample storage.
<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/2019/5/28/south%20yarra%203.jpg" alt="">
It is just a short walk to Fawkner Park, the Botanic Gardens, Toorak Rd, Prahran Market, South Yarra station and a range of schools.
The expressions of interest campaign for the home closes May 30.
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JAM Architects-designed South Yarra home with city views 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.

&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]

Staff reporter

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