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

Auction

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The Bondi hoarders' property - withdrawn from sheriff's auction last week - is set to be rescheduled despite the family turning up to court with wads of hundred-dollar notes.
The family managed to stave off the forced auction of their home on Thursday night.
Then on Friday Mary Bobolas and her adult daughters Elena and Liana arrived in court carrying several bags each, desirious of paying their debt owed to Waverley Council.
They produced bags of $100 notes as a “show of good will that funds were available”.
But magistrate Joanne Keogh said the family had failed to demonstrate sufficient means to pay the money owed to the council.
There remains the prospect the family will lodge an appeal.
A $2 million sale had been anticipated due to its prime location and 550 sqm block size.
The <a href="https://www.realestate.com.au/property-house-nsw-bondi-118903099" target="_blank">19 Boonara Avenue</a> offering was listed under instructions of the NSW Sheriff's Office.
It was the third time that the marketing failed to end in any under the hammer sale.
There was an unexpected delay last month.
Previously the owner Mary Bobolas dodged the sale of the property February last year by coming up with $180,000 to pay Waverley Council's cleaning and legal bills just hours before that scheduled auction.
The drawn out process has seen buyer interest wane as when it was first listed in 2015, 63 contracts had been handed out. Last month it was in the 30s. This time interest was down to around the expected 10 attendees.
They will need to pay a further $160,000 to meet the newest set of cleaning and legal bills.
The council's solicitors wrote to the Bobolas family in November asking for settlement of the outstanding money to avoid the sale but they received no funds.
Raine &amp; Horne agent Ric Serrao was commissioned by the NSW Sheriff's Office to sell the property so that clean-up costs can be recovered on behalf of the council.
Rubbish flowed out of the door and onto the property frontage on the latest listing images despite a 10 truck clear up in July last year.
There were no inspections possible for prospective buyers.
Ric Serrao couldn't even access the property so there were no internal photos or floor plan available.
 
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jchancellor-FAypfDUnLy

Bondi hoarders saga continues

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The cheapest price at any auction across the long weekend was $213,000 at Brisbane's fringe locality, Beenleigh.
<a href="https://www.realestate.com.au/property-unit-qld-beenleigh-122665278" target="_blank">The two bedroom Hawthorne Street unit l</a>ast sold at $300,000 in 2009, at the height of the first home buyers' frenzy in the Logan municipality.
The complex's most recent sale was another unit that sold at less than last time too. It sold to the latest fad buying type, a superannuation fund which paid $172,000 which had fetched $263,000 in 2009.
The latest offering was advised as a $280 a week rental. It sold to a local investor who was one of three registered bidders.
Keen interest came from an ACT investor.
<a href="https://harcourts.com.au/Property/657135/QMG2229/10-12-Hawthorne-street" target="_blank">The adjoining apartment </a>has been listed for sale through the Harcourt's selling agent Susan Foley. 
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Beenleigh secures weekend's cheapest sale

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The former LJ Hooker agent at the centre of controversy for allegedly misappropriating her clients money had her two Narre Warren houses passed in at auction on Wednesday.
Judy Tranh Truc planned to compensate the victims with the proceeds of the sales however neither were forthcoming.
The two properties on Cranston Close, were bought for a combined $3 million in 2014 and 2015.
The houses were auctioned by a team of Ray White Noble Park/Springvale agents.
Number 6-8 was the first of the two to be auctioned but was passed in at $1.5 million amid at least three bidders.
The second was even further away, firstly receiving a low-ball offer of $700,000, followed by a $1 million and $1.1 million vendor bid.
Interest again fell short of what the vendor paid for the home.
Ray White spokeswoman Lisa Pennell said the reserve for both properties were undisclosed. 
Both properties were slapped with a caveat by Consumer Affairs Victoria so the properties can't be transferred without official say-so.
Truc's legal representatives said the caveats were only in place to secure payment after auction and wouldn't block any sale.
“The caveats were placed on the properties with Mrs Nguyen’s consent,” the statement said.
“It has always been the intention of Mrs Nguyen to make all of the proceeds of the sale available to the victims. That is why Mrs Nguyen allowed Consumer Affairs to place the caveats on the properties.”
Judy Tranh Truc was a franchisee and had to close six of her Melbourne LJ Hooker offices in April.
To read more about the two homes click here.
 
 
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j.ballantyne1990-6AQqhLzZaK

LJ Hooker Glen Waverley agent's homes passed in at Narre Warren auction

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The infamous Bondi hoarders' property was withdrawn from auction last night, in yet another stalled chapter in its 26 year saga.
There were around 10 interested parties expected, but the property was pulled just an hour before its scheduled 6pm auction.
The owner Mary Bobolas had secured a temporary legal stay that stopped any auction.
A $2 million sale had been anticipated due to its prime location and 550 sqm block size.
The <a href="https://www.realestate.com.au/property-house-nsw-bondi-118903099" target="_blank">19 Boonara Avenue</a> offering was listed under instructions of the NSW Sheriff's Office.
It was the third time that the marketing failed to end in an under the hammer sale.
There was an unexpected delay last month with the paperwork not quite right.
Previously the owner Mary Bobolas dodged the sale of the property February last year by coming up with $180,000 to pay Waverley Council's cleaning and legal bills just hours before that scheduled auction.
The drawn out process has seen buyer interest wane as when it was first listed in 2015, 63 contracts had been handed out. Last month it was in the 30s. This time interest was down to around the expected 10 attendees.
They will need to pay a further $160,000 to meet the newest set of cleaning and legal bills.
The council's solicitors wrote to the Bobolas family in November asking for settlement of the outstanding money to avoid the sale but they received no funds.
Raine &amp; Horne agent Ric Serrao was commissioned by the NSW Sheriff's Office to sell the property so that clean-up costs can be recovered on behalf of the council.
Rubbish flowed out of the door and onto the property frontage on the latest listing images despite a 10 truck clear up in July last year.
There were no inspections possible for prospective buyers.
Ric Serrao couldn't even access the property so there were no internal photos or floor plan available.
This article was first published in the Daily Telegraph. 
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Bondi hoarders home auction postponed again

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The most affordable property reported sold at the weekend auctions was a one-bedroom unit at 10/2-4 Elizabeth Street in Braybrook.
It was sold for $240,000 by Pagan Real Estate.
More than $230,000 was the <a href="https://www.domain.com.au/10-2-4-elizabeth-street-braybrook-vic-3019-2012790581" target="_blank">price guidance</a>.
It had been available for rent at $220 a week in 2013.
There have been sales of up to $260,000 in the block.
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jonathanchancellor-7SQnKwU6yx

Braybrook $240,000 one bedder the weekend's cheapest

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The 26 year Bondi hoarders saga may finally be coming to an end, again, as a June 9 date has been set for it's new auction.
The great escape continued after the home at <a href="https://www.realestate.com.au/property-house-nsw-bondi-118903099" target="_blank">19 Boonara Avenue</a> skipped auction as the NWS Sheriff's Office couldn't proceed with the auction set for May 19.
A possible $2 million sale is on the cards for its prime location and 550 sqm land parcel.
The property was set for sale in February last year but owner Mary Bobolas and her daughters Elena and Liana came up with the $180,000 to pay Waverly Council’s cleaning and legal bills just hours before the auction.
This time they're not expected to be so lucky, as they need to come up with $160,000 in the next eight days to save the home.
In November the council’s solicitors wrote to the Bobolas family asking for settlement of the outstanding money to avoid the sale of the property but no received no reply.
The NSW Sheriff’s Office has commissioned Raine &amp; Horne Double Bay’s Ric Serrao to sell the property so that clean-up costs can be recovered on behalf of the council.
The listing shows rubbish flowing out of the door onto the houses frontage despite a 10 truck clear up in July last year.
Bidders hoping to secure the property will take on the responsibility on the clean-up costs of the rubbish left on the land.
When it was listed in 2015, 63 contracts had been handed out. Last month it was in the 30s.
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Bondi hoarders auction rescheduled for June 9

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A vacant site with development potential at Footscray in Melbourne’s inner western suburbs is up for auction on June 23 with price expectations of more than $1 million. 
The 116-120 Buckley Street property comprises a 521 square metre allotment, with 12 metres street frontage.
The property is zoned Activity Centre Zone (ACZ1), which encourages a mix of uses including intensive development focussing on business, apartments, shopping, leisure, transport and community facilities. 
The site is being marketed by Teska Carson's George Takis.
"Footscray is one of the most rapidly growing suburbs in Metropolitan Melbourne, with the location currently subject to unprecedented levels of residential and commercial development. 
Located five kilometres from Melbourne’s CBD, Footscray's population is expected to double over the next 20 years, driving continued commercial and residential development.
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Site in Melbourne's Footscray up for auction with $1 million plus expectations

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A development site in Melbourne's Caulfield North is to be auctioned off on June 8 through Savills Australia and is expected to fetch around $3.9 million.
The 41-45 Hawthorn Road property comprises an 893 square metre site with retail frontage to Hawthorn Road and a flexible Commercial 1 Zone. Current improvements include a single and two-storey building.
It is being marketed by Savills’ Nick Peden and Jesse Radisich
Radisich said apart from public transport and retail, there were several schools, parks and recreation facilities nearby, including Melbourne and Caulfield Grammar, Caulfield Racecourse and Caulfield Park Bowling Club.
"Caulfield North and surrounds have been high on the list of desirable suburbs for those seeking apartment living and the demand has been driven further by a high median house price of $1,850,000 in the suburb,” Radisich said. 
The property will be sold with vacant possession.
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prateek24-ezbwHMbNAk

Development site in Melbourne's Caulfield North to go under the hammer

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A freestanding property in southern Sydney's Kingsgrove occupied by the Salvation Army went under the hammer for $3.25 million at auctionWorks' commercial property auction in Sydney on April 19.
The order of sale had four properties listed, but one was sold prior while the world class winery Sweetwater in the rolling hills of the Hunter Valley was withdrawn. The fourth was passed.
The one at 61-65 Kingsway Road property was well bid, with offers quickly rising from $1 million to $2.6 million, but auctioneer Jesse Davidson said it was still below the reserve price.
Finally, the last two bidders pushed the price past $3 million.
The selling agents were JLL's Edward Washer and Blair Peterken.
The total building area is 678.1 sqm and the flexible zoning allows for a child care centre, commercial owner occupiers, medical centres and more subject to council approval.
The property is close to Beverly Hills Train Station and 14 km from Sydney CBD.
In contrast to the competitive bidding for the Kingsgrove property, the one in Liverpool was passed after the sole bid of $375,000 fell short of the vendor bid of $395,000.
Suite 107, 161 Bigge Street is a medical suite with an internal space of 104 sqm and annual income of $33,119.52 + GST net. It is leased until October this year.
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Sydney's Kingsgrove property sells for $3.25 million at auction

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The former Prime Minister’s Ascot Vale residence is going under the hammer. 
The <a href="https://www.realestate.com.au/property-house-vic-ascot+vale-122285618" target="_blank">75 Maribyrnong Road</a> residence was built for Samuel Bruce, Australia’s eighth Prime Minister in 1887.
During the land boom, elevated land near the Ascot Vale and Moonee Ponds railway stations attracted prestigious villa residences such as this. 
This prestigious two-storey six bedroom, three-bathroom mansion retains many period details, such as wraparound lace verandas, ornate ceilings, a grand staircase, open-fireplaces, marble mantelpieces and leadlight detail. Subsequent renovations include a formal lounge, library and huge open plan living area extending onto an alfresco entertaining zone and formal gardens. Also featured are a music/theatre room, casual living room and cellar space 
The bedrooms are all large and the master includes a period-inspired ensuite. The family bathroom features a large spa, while the powder room caters for guests. Added conveniences include hydronic-heating, split-systems, intercom/alarm, automated double garage and more. 
This historically significant home is going to auction on April 30 and is expected to fetch $2,800,000.  The agents listing this property are Liz Brettell and Noel Kenny of Brad Teal.
 
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Developments

New apartments

New townhouses

News