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]

WM Residences fills gap in Mordialloc townhouse market

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Melbourne property developer Melbournia Developments has announced its new project, Couture Armadale.
The 19 apartment low-rise build has been inspired by art deco influences.
The development comprises one, two, three bedroom and penthouse apartments starting from $660,000.
It will be released to the market next month. 
Melbournia Group founder, Zoe Zhu commented that Couture Armadale's would be "tastefully executed".
"We’re expecting interest from a mature and cultured market who have a honed appreciation for beauty and are ready to indulge in life a little,” said Zhu.  
“People are clear about why they want to live in the area and expect that the advantages and prestige the area affords them will be directly experienced in their own living environments.”
Kevin Phuong, a director of Melbournia Group, said the theme was chosen before the site was acquired.
Melbournia Developments collaborated with architecture, interior design, and urban planning firm Peddle Thorpe.
Peter Brook, director at Peddle Thorpe, Melbourne said Couture Armadale had been approached with "a level of integrity that is rare in the industry".
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j.ballantyne1990-6AQqhLzZaK

Melbournia Developments launch art deco inspired Couture Armadale

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<div id="x_divRplyFwdMsg" dir="ltr">The mortgagee of 61 units in the residential complex Gondon Élysée in Sydney's Epping has listed them all for sale.</div>
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<div dir="ltr">They will be sold in one line by receivers and managers Newpoint Advisory through Colliers.</div>
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<div dir="ltr">The inventory sat on the Gondon company books with a $52 million valuation. </div>
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The developer has been unable to sell the combined 61 units at 1 to 5A Cliff Road, and at 6-10 Carlingford Road.
<a href="https://www.jlglobalau.com/elysee" target="_blank">The master sales agency</a> was J&amp;L Global with sales achieved between $500,000 and $1,538,000, with all but six sales to buyers of Chinese descent.
The project boasts a mix of one, two and three bedroom apartments. 
Gondon Élysée Epping consists of two buildings. 151 car secure parking.
There are 57 1 bedroom 1 bathroom units , some 61 of the 2 bedroom 2 bathroom units , and 12 of the 3 bedroom 2 bathroom units.
Completed in late 2017, 1 Cliff Road has 130 apartments.
The expressions of interest close February 25.
Developer Gondon paid $26 million to aggregate the homes at the corner of Carlingford and Cliff roads. The corner block at 6 Carlingford Rd cost the highest acquisition price of $4.41 million, according to CoreLogic.
The block is within the Epping Priority Precinct, which the state government declared for concentrated housing development.
Gondon’s earlier project was at North Ryde – the 179 apartments on the block bounded by Lane Cove and Eppings Rds and Allengrove Crescent, North Ryde, known as Gondon Macquarie which was built by Arise Construction to a SJB design.
Philip Campbell-Wilson and Said Jahani were appointed liquidators in November 2018.
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The appointment was referred to by Australian Select Mortgage Pty Limited which is also a shareholder of Gondon in May last year.
Pacific Alliance Group holds a registered security interest. 
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Chinese Epping developer collapse sees 61 Gondon Elysee apartments for sale

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Blueprints are being finalised on the redesign of Maasra Apartments in Coorparoo.
Award-winning architectural firm HAL Architects was appointed by Maasra Apartments developer Karam Group to create the ‘house-size’ apartments.
HAL Architects Director Elizabeth Anderson (pictured below) said Maasra Apartments design has been in response to requests for larger spaces.
<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/2018/11/26/HAL%20Architects%20Elizabeth%20Anderson.jpg" alt="">
“Karam Group has an appreciation of the importance of good design, and they wanted MaasraApartments to go that step further by enhancing Coorparoo’s transformation into a hub for boutique retail and dining,” she said.
Anderson said the group’s brief was to encompass Coorparoo’s history and enhance the village-like atmosphere, using a “maasra” - a Mediterranean olive press - as the theme for the building design.
“To express that in architectural form, we looked at the olive press and thought; this development is about authenticity, it’s about honesty and community,” Anderson added.
"All those ideas are entrenched in the design of Maasra Apartments, in everything from the finishes through to the layouts, from the sense of space to the large over-sized kitchens - the design is very much about liveability.
“And of course, materiality; the materials selected are stylish, honest and robust with a longevity tothem and a quality you can feel - beautiful stone kitchen finishes and timber veneers that express warmth and a sense of home.”
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Anderson is one of three directors and a part owner of HAL Architects- Hayes Anderson Lynch Architects, established more than four decades ago as Kevin Hayes Architects.
Its other work in Brisbane includes the $65 million mixed-use boutique apartment building The Wellington in East Brisbane and the $37 million Willow residential apartments at Kangaroo Point.
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Construction moves closer on $95 million Maasra Apartments in Coorparoo with new designs

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A new Coolum Beach apartment development is targeting the luxury end of the market.
Latitude Coolum Beach from HMR Projects <a href="https://www.latitudecoolum.com.au/" target="_blank">offers seven apartments, including one penthouse</a>.
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The 809 square metre Beach Road lot is close to the main beach and Coolum Esplanade.
HMR Projects Director Ken Reed said he expects strong interest in the apartments.
“Our recent developments in Buderim, including Sage Landing and Elevate on Buderim, have shown positive demand for high quality new homes right in the centre of a vibrant and social precinct and Latitude Coolum Beach offers both an outstanding location and the premium finishes our buyers have become accustomed to,” Reed said.
“This is our first development in Coolum for quite some time and we are excited to launch a quality product in the heart of a fantastic beachside locale. 
“Coolum is all about lifestyle and we feel confident Latitude will perfectly embrace and enhance all the beachside township has to offer.
“The apartments will be spacious ranging from 177 square metres to 247 square metres and are designed for comfort and convenience with many taking in the spectacular views to the beach and rolling surf. 
“Latitude Coolum Beach really epitomises what people love about the coast — both the locals and those looking to make a sea change.”  
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North Shore Realty’s selling agent Ben Thomson said sales had been strong in the Coolum area, particularly from downsizers.
“There is very limited stock in the luxury apartment market in the Coolum area, with 99 per cent of off-the-plan sales in Coolum selling out prior to construction commencing,” Mr Thomson said. 
“Coolum Beach is a sought-after destination for both residential purchase and tourism investment and we have enjoyed a strengthening property market in 2018.
“We feel really confident that this is the right type of development for the area, so expect demand will be high both from those wanting to stay in Coolum and those moving into the area.
“Working with HMR Projects has been really rewarding as the team is focused on delivering quality over quantity and their commitment to building high-end, luxury product is clearly evident in the build of Sage Landing in Buderim which is currently underway.
“The Reed family has long had a reputation for delivering quality developments across the Coast and beyond and it’s great having a developer of this calibre turn their attention to Coolum.   
“Coolum’s proximity to Noosa and some of the coast’s finest restaurants as well as its fabulous beaches, boardwalk and surf culture are appealing to downsizers and professional couples who want spacious living without the day-to-day maintenance of a freestanding home.”
The apartments are priced from $869,000.
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Latitude launches in Coolum Beach targeting luxury downsizers 

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Developer Pindan has taken the wraps off its luxury Mahala Mermaid Beach project, which was officially launched to the market on the weekend.  
Mahala offers two and three bedroom apartments with two car bays, overlooking Hedges Avenue and just metres to the beach. 
Purchasers are now able to visit a custom built sales and display suite located at <a href="https://www.pindan.com.au/mahala-mermaid-beach" target="_blank">15 Peerless Avenue</a> to view a model of the project, see the finishes and learn more about Mahala, with an app allowing the agents to showcase the project, its floorplans and the potential views from apartments in an interactive manner. 
Colliers International residential director Andrew Roubicek, who is marketing Mahala, says he anticipates a busy week ahead considering the strong interest in the project recently. 
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"We have now had well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate," Roubicek said.  
"Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue. 
"We also have a number of interstate buyers interested in a lock and leave holiday home and these people have been impressed by Mahala's resort-style amenities, including a residents' entertainment terrace which boasts a pool, barbeques, cabana, lounge and private dining room, along with a secure grocery and parcel delivery facility. 
"Mahala is unlike any development delivered in the highly sought after Mermaid Beach area to date and it will continue to stand apart in its quality design and lifestyle offering." 
Mahala's two bedroom, two bathroom, two car bay apartments start from $735,000, with three bedroom, two bathroom, two car bay apartments available from $1.4 million. 
Developer Pindan boasts more than 40 years’ experience, including expanding its operations to the East Coast over the past five years, with its funds management arm - Pindan Capital - overseeing $1.7 billion of development projects across Australia.
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Mahala Mermaid Beach launched

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Gold Coasters are re-investing in their own backyard when it comes to downsizing, according to Colliers International Residential Director Andrew Roubicek.
Roubicek said locals have led sales enquiries for Pindan's luxury Mahala apartment project at Mermaid Beach. 
"We received in excess of 300 enquiries in the first three weeks for Mahala's 94 two, three and four bedroom large owner occupier-style apartments, with interest predominantly stemming from residents in surrounding suburbs," he said.
Mahala received development approval in late July.
Early works have commenced on Mahala which overlooks Hedges Avenue.
There has also been interest from prospective purchasers in Brisbane, Sydney and Melbourne, Roubicek said. 
Pindan’s Nick Allingame, said Mahala, created by Cottee Parker Architects, specifically tailored for the surf lifestyle through surfboard storage space, bike storage and even an outdoor shower area.
"Mermaid Beach has always been regarded as an exclusive residential enclave as opposed to a holiday hotspot, so Mahala has been designed to cater to owner occupiers," Allingame said. 
"Virtually all of the apartments will have two car bays and offer larger than average living spaces, basement storage and big private balconies in addition to the shared residents' entertainment terrace which boasts a pool, barbeques, cabana, lounge and private dining room."
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Locals leading enquiries for Mahala development at Mermaid Beach 

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The $1.2 billion Spirit residential project at Surfers Paradise is targeting the luxury downsizing dollar with its 'super apartments'. 
Developer Foriseland says it is creating apartments with more space than its competitor projects, while coming with some of the touches of a luxury lifestyle.
The 89-storey, 303-metre high tower on the former Iluka site between Hanlan Street, Northcliffe Terrace and Trickett Street, will be Australia’s third tallest residential tower on completion.
The tower will have 479 apartments, with one-bedroom units to have more than 110 square metres of living space.
The building will have pools, bars, a cocktail lounge, banquet room and a wine cellar, while the rooftop level will be reserved for residence access exclusively.
Residents will also have access to butlers upon request, personal grocery shopping and flower arrangement deliveries.
Other service will include car washing and detailing, babysitting, newspaper deliveries, pet vacation care and grooming. 
<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/2018/8/8/Spirit%20hero.jpg" alt="">
Julian Sutherland, of Ray White Projects, an arm of the Ray White Surfers Paradise Group said that Spirit’s ‘super apartments’ will rival any project in the world.
 “We have never seen an apartment project of this quality and magnitude in Australia – it’s an absolute thrill to create such a landmark, on such a scale, that not only retains but enhances its living spaces. It is quite remarkable what the team is creating at Spirit,” he said.
“You won’t see so many over-sized apartments in any project in New York, London, Dubai or Beijing and yet here we are going to see almost 500 superbly appointed, large style homes in the sky right here on the beachfront overlooking Australia’s most famous beach.”
Sutherland says that the apartments will be a genuine alternative to a home.
“There is a strange dichotomy in the Australian market that people want to downsize and move from large family homes to apartments, but developers over the last decade have tended to create smaller living spaces,” he said.
“Spirit is going against this trend. Foriseland’s market feedback is that if affluent people want to downsize, they don’t want to sacrifice on living space.
“Spirit will create opulent, ultra-luxury living spaces that are literally homes in the sky.
“When you add to this the unbelievable facilities that will be incorporated into Spirit, then you literally have a community within a community – one that you rarely have to leave.”
Prices at Spirit start at $1 million.
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Spirit at Surfers Paradise makes a super play for the luxury downsizing dollar

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Deloitte's global chief strategy officer John Meacock has flipped his designer Darlinghurst apartment.
He scored $3.8 million for the apartment in the award winning Engelen Moore-designed Kings Lane warehouse conversion that cost him $3,425,000 just over a year ago.
The three bedroom apartment across two levels features a full-width entertainers terrace with gun-barrel views of the city.
BresicWhitney Darlinghurst agents Ivan Bresic and Melinda Antella sold the apartment last weekend.
Meacock joined Deloitte in 2002 as leader of consulting.
<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/2018/7/30/darlinghurst%202.jpg" alt="">
He progressed to managing partner NSW and national clients and markets leader before he was made chief strategy officer.
Meacock has been the chairman of The Brett Whiteley Foundation, and a board member of The Asia Society.
The $3.8 million sale is the second highest apartment sale in Darlinghurst this year, bettered only by a $5.65 million sale in The Residence.
This article first appeared in The Daily Telegraph. 
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Deloitte executive John Meacock flips Darlinghurst apartment

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The high profile former fitness instructor and Channel 10's Aerobics Oz Style presenter Anton Scott has sold his Rushcutters Bay apartment for $2.66 million.
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<div class="action-menu-panel ab_dropdown" data-ved="0ahUKEwig9Ma_hLHbAhVQ6bwKHXS0A18QqR8IKTAA">It was listed by Brigitte Blackman and Nic Fren from Cobden &amp; Hayson - Surry Hills.</div>
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<a href="https://www.propertyobserver.com.au/%20%20%20https:/www.realestate.com.au/sold/property-apartment-nsw-darlinghurst-128184606" target="_blank">Located at 1037/3 Kings Cross Rd</a>, the level 13 apartment with harbour views comes with three bedrooms, open plan living area, Smeg kitchen and designer bathroom.
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<div class="action-menu-panel ab_dropdown" data-ved="0ahUKEwig9Ma_hLHbAhVQ6bwKHXS0A18QqR8IKTAA">The building features swimming pools, weight/aerobics gymnasiums, spa, and visitor parking.</div>
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<div class="action-menu-panel ab_dropdown" data-ved="0ahUKEwig9Ma_hLHbAhVQ6bwKHXS0A18QqR8IKTAA"><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/2018/6/5/kings%20cross.jpg" alt=""></div>
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<div class="action-menu-panel ab_dropdown" data-ved="0ahUKEwig9Ma_hLHbAhVQ6bwKHXS0A18QqR8IKTAA">In the awarding winning 'Altair' development, it has access to first class facilities, and a constellation of lifestyle hotspots including cafes, restaurants and trains are within a stroll.</div>
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Scott was a national aerobics champion, winning the 1993 and 1994 National Aerobic Championships gold medal in the mens' individual category.
He was a silver medalist in the teams event at the World Aerobics Championships in 1993 and 1995.
Scott became an emergency procedures instructor for Qantas Airways after his time on the screen.
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Channel 10's Aerobics Oz Style presenter Anton Scott sells Rushcutters Bay apartment

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A Rose Bay apartment that was once owned by Prime Minister Malcolm Turnbull has been recently sold for $1.64 million.
Its BradfieldCleary agent Bob Guth said the selling price had "sailed" beyond the vendor reserve price when offered through estate agent Mark Daley.
The Illuka Street top floor Dorchester apartment had last sold in 2007 at $692,000 by Malcolm Turnbull.
It had been bought in 1986 for $125,000 when Malcolm and Lucy Turnbull lived nearby on Beresford Road.
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-rose+bay-128236038" target="_blank">The three bedroom, 133 square metre apartment</a> was home to their housekeeper.
The Art Deco strata apartment has harbour glimpses.
It was in 1983 that Malcolm and Lucy Turnbull bought a home on nearby Beresford Road for $280,000. They sold it in 1989 for $1.4 million when they were off to historic Alster House in Paddington.
They moved to the Point Piper harbourfront in 1994 paying $5,425,000 for Gai Soliel which was bought from Klara Saunders, the widow of the late Westfield Holdings director John Saunders, who in turn had bought the property from Alan Bond in 1979 for $900,000.
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