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

apartment

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TV presenter and producer Natalie Hercus and husband, former rugby union player Mike Hercus, are selling their Bellevue Hill investment.
The 110 sqm Bellevue Hill apartment has three bedrooms and three balconies.
The Agency's Ben Collier has a June 16 auction.
It last traded for $658,000 in 2006.
Natalie was a TV presenter on Sky News Showbiz and MTV's Super Styling and Mike was a fly-half for the US rugby team.
The listing comes after Hercus' father, veteran TV executive Harry Michaels, spent $5 million on a Point Piper duplex, which is where the couple are expected to move. 
It was the three bedroom home of publican Simon Tilley and wife Jessica.
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TV presenter and producer Natalie Hercus lists Bellevue Hill investment apartment

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Frasers Property Australia’s Discovery Point estate has been designed to encourage an outdoor lifestyle for residents and their dogs.
Nigel Edgar, the general manager Residential NSW at Frasers Property Australia, says the dynamic of the family was changing.
So new communities needed to meet evolving needs.
“Discovery Point reflects our emphasis on building communities for residents and their families, including their precious pets, to create an inclusive environment for families of all shapes and sizes to enjoy,” says Edgar.
“Pets are a very important part of peoples’ lives and we’re consciously building our communities to encourage pet owners to feel welcome.”
“Walking around the community with your pet not only does great things for your health, it helps you meet other residents. You’ll even find most coffee shops have a water bowl for dogs.”
For residents Jane and Roger, living in a pet friendly community was a must when looking for their new home.
“Our little 13-year-old dog has adapted to apartment living well. We take her down to the park every day soshe can do her own thing,” says Jane.
Jane says it’s nice to see the community thriving with other residents and their dogs too.
“Quite often, I’ll look onto the park and notice about 30 people playing with their dogs. You can tell they’rehaving a good time just being outside.”
With nine hectares of parklands at Discovery Point, Jane, Roger and their dog like to make the most of the surrounding walkways up the Cooks River.
There are a limited number of apartments remaining for sale at Discovery Point.
In Marq, the two remaining three-bedroom apartments offer views over expansive parklands.
They are priced at $1,135,000 and $1,150,000.
In Icon, the final residential building planned for Discovery Point, there are only three remaining three- bedroom apartments available, which boast park and Cooks River views and are priced between $1,210,000 and $1,335,000.
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Pet friendly developments triggers dogs at Discovery Point

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Armadale is set for a new luxury development, on one of its most prestigious streets.
Orrong, named its prominent position on Orrong Road, is a bespoke collection of nine luxury townhouse residences.
Designed by local architecture firm David Watson Architect, each townhouse has three bedrooms, two bathrooms and space for two cars.
<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/2018/4/26/Armadale%202.jpg" alt="">
A variety of floorplans are on offer. Some emphasize indoor and outdoor entertaining, while others provide flexibility and privacy.
The townhouses complete with Roger Seller bathrooms range from $2.15 million to $3 million. Some have rooftop terraces.
The median house price in Armadale is $2.05 million with apartments having a $630,000 median, according to CoreLogic.
The 1350 sqm double block traded in 2016 when it was offered as one. On the site has been two two level houses, each comprising five and six bedrooms.
Castran Gilbert South Yarra agent Tim Brown is marketing the properties off the plan.
For more information on Orrong, <a href="http://castrangilbert.com.au/jrea_listing/527-orrong-road-armadale-vic-3143-1395306/" target="_blank">click here.</a>
We have a free ebook on <a href="https://www.propertyobserver.com.au/component/content/article?id=82173" target="_blank">property investments in Melbourne. </a>
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Armadale set for luxury townhouse project Orrong

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The former Queensland premier Peter Beattie has sold his riverfront investment apartment in Newstead for $1.7 million.
Beattie’s rental on Newstead Terrace was sold off market by Pauline Karatau of LJ Hooker, New Farm to a local couple.
The apartment is located on the podium level of the Oriana Building in Newstead.
<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/2018/3/28/newstead%202.jpg" alt="">
The apartment, which has a 379 square metre floorspace, has three bedrooms, two bathrooms and a two car lock up garage.
There was a large 87 square metre semi-covered terrace with views of the Brisbane River and a private courtyard.<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/2018/3/28/newstead%203.jpg" alt="">
The young couple intend living in the apartment.
<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/2018/3/28/newstead%204.jpg" alt="">
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Peter Beattie sells Newstead riverfront apartment for $1.7 million

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A two-level, four bedroom apartment in Richmond, Victoria, listed with $1,050,000- $1,150,000 hopes for March auction, remains for sale at $1.15 million.
With views out to Studley Park,<a href="https://www.realestate.com.au/property-apartment-vic-richmond-127646350" target="_blank"> t</a><a href="https://www.realestate.com.au/property-apartment-vic-richmond-127646350" target="_blank">he 41/8 Hull St apartment </a>comes with four bedrooms,  expansive living with balconies, and family-sized kitchen.
It last sold at $562,000 in 2005.
It is close to public transport, the Epworth Hospital and Melbourne Girls' College.
Jellis Craig marketed it as having a massive top-floor entertainer's terrace with northern views out to Studley Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/23/RICHMOND%201.jpg" alt="">
It has been a rental offering, with the asking price most recently $890 a week in early 2017.
It was offered at $950 in late 2014.
It was first offered in 2010 at $920.
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Richmond two-level apartment for sale at $1.15 million

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The decluttering queen Anita Birges has bought an apartment in Rose Bay.
She snapped up a<a href="https://www.realestate.com.au/sold/property-apartment-nsw-rose+bay-126893666" target="_blank"> 105 sqm apartment </a>on Old South Head Road, paying $1,035,000 well before its scheduled auction.
It has two bedrooms, one bathroom and a wrap around balcony.
McGrath Coogee's Angus Gorrie sold the renovated apartment in a double brick block of 12 in just nine days after it hit the market.
Birges founded Mise en Place, a professional organising and styling business specialising in homes being prepared for sale.
She has lived in the Eastern suburbs all her life, apart from a four year stint in Montreal, Canada.
This article first appeared in the Saturday Daily Telegraph.
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Decluttering expert Anita Birges buys in Rose Bay

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The Wellington in East Brisbane has achieved a 100% settlement rate for their off-the-plan apartment sales.
The EPV Developments project, which is being marketed by TOTAL Property Group, has just 16 of the total 127 apartments still for sale.
The prices range between $339,000 and $560,000, within the nine-storey mixed-use development.
The newly-completed development comprises one and two bedroom units, as well as a rooftop pool and entertainment area, complete with a podium level garden and recreation area.
<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/2018/3/8/east2.jpg" alt="">
There's a boutique retail and dining precinct on the ground floor.
TOTAL Property Group managing director Adrian Parsons, who handled the marketing for the apartments, said the perfect settlement rate for The Wellington was a notable achievement, particularly in the current market. 
“We credit the high settlement rate of off-the-plan apartment purchases to our sales strategy, the quality of The Wellington development and our sales focus on the local domestic market,” he said. 
TOTAL Property Group worked with EPV Developments in the initial stages, making some changes to the floor plans, the building design and interior finishes to suit the targeted local market. 
The Wellington’s central East Brisbane address attracted a range of local buyers, from young professionals to mature downsizers.
EPV Developments director Karl Jameson said the perfect settlement rate was testament to the idea that if you build a high quality, well-priced product in a good location, demand would be strong. 
“TOTAL Property Group understands the apartment market and what we have delivered at The Wellington is stylish, luxury owner-occupier liveable space,” he said. 
“We are very pleased to see our overall vision for The Wellington come together seamlessly, with the high-quality onsite facilities, apartments with contemporary design finishes, and tenants on the ground floor retail precinct beginning to open for business.” 
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No OTP defaults at The Wellington in East Brisbane

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A Potts Point penthouse is set to be traded for the first time in almost seven decades.
The penthouse that sits atop the 1948 Aaron M. Bolot-designed <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-127681002" target="_blank">17 Wylde Street</a> had been owned by its developer John Davis since its completion in 1951.
Family have remained in occupancy since his death in 2008.
It spans 165 sqm and has 270 degree harbour views from its ninth floor position where inspectees last Saturday has to walk up with the lift out of order.
<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/2018/2/28/wylde1.jpg" alt="">
The apartment has three bedrooms and two bathrooms.
Jane and Sam Schumann at Di Jones are asking for offers of $3 million for its March 21 auction.
Regarded as one of Bolot’s best pieces of work, 17 Wylde Street's creative curvilinear design was produced in response to the site’s unusual triangular shape, forming a prominent curve.
The internal floorplans for all apartments were designed to maximise aspect and spaciousness, with kitchens and bathrooms grouped on the southern side while living rooms and bedrooms faced the north side, almost entirely glazed to maximise the breathtaking 270 degree Harbour View.
17 Wylde Street was one of six apartment blocks developed by the Urban Cooperative Multi-Home Units building society and the building was awarded the 2017 NSW Enduring Architecture Award by the Australian Institute of Architects NSW Chapter.
This article was first published in the Sunday Telegraph.
 
 
 
  
  
 
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Landmark Potts Point penthouse for sale 

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The lowest price paid at big weekend auction, The Event was $136,000 for a one-bedroom furnished hotel room at Surfers Paradise.
The <a href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-127261054" target="_blank">1417 Mantra on View unit</a> is holiday let though on-site managers with owners allowed to stay for 28 days per year.
It last sold in 2009 at $219,500 to a WA investors.
“The strong contingent of local buyers was the big surprise of the day,” said Andrew Bell, the CEO of Ray White Surfers Paradise Group. 
Among the properties passed in was a grand three-storey historic home at Warwick known as The Abbey. The property boasts 50 rooms, a chapel, grand dining room and function rooms.
A five-bedroom waterfront home with Florida-style architectural elements at 80 Admiralty Drive, Paradise Waters, was passed in at $4 million. It had been on and off the market for two years without success.
“We’re expecting to secure sales for a number of properties passed in over the weekend over the coming weeks,” Mr Bell said.
Strong interest from interstate buyers didn’t translate to strong bidder numbers at Ray White Surfers Paradise’s The Event on Sunday.  </div>
<div> </div>
<div>Some 41 properties worth $35.4 million sold at the auction where 170 registered bidders, mainly from the Gold Coast and Brisbane, registered to bid.</div>
<div>Ten properties sold prior to auction among the 80 plus offerings.</div>
</div>
RWSP Group CEO Andrew Bell said they had over 2000 inspections on properties over the last four weeks," Mr Bell said.
Bell had tipped interest from southern buyers to lead sales.
Mantra's resales have been loss making for some time. A sale last November was at $148,000 having sold at $320,000 in 2006, according to CoreLogic. 
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Surfers Paradise Mantra unit liquidation sale cheapest weekend result

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A one-bedroom Mosman Park apartment has been sold by mortgagees at $229,000.
<a href="https://www.realestate.com.au/sold/property-house-wa-mosman+park-125571130" target="_blank">The Dover Court apartment</a> opens out onto a spacious walled outdoor area with a gateway to the outdoor parking area. 
The complex comes with communal swimming pool and BBQ area.
Another one bedroom 42 sqm apartment in the 1969 complex sold for $180,000 recently have sold at $245,000 ten years ago.
<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/2017/10/23/MosmanPark.jpg" alt="">
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