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

Commercial Property

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<div>All nine commercial tenancies at the new beachside development, The Hedge at Buddina, have sold for $5 million to local investment group, Sunshine Coast Private Commercial.</div>
<div> </div>
<div>Off Market Real Estate principal Chris Cameron who negotiated the sale said the development’s commercial precinct had drawn a flood of local and intestate interest.</div>
<div> </div>
<div>He said, “its exceptional quality and proximity to schools, bus links, major shopping and professional services including the $2 billion Kawana Health precinct make it an excellent investment.”</div>
<div> </div>
<div>The majority of the nine tenancies include an outdoor terrace area and range in size from 47 sqm to 74 sqm.</div>
<div> </div>
<div>“Rising economic confidence for the region is pushing up residential sales, and on the back of that the commercial sector is performing well,’’ Mr Cameron said.</div>
<div> </div>
<div>When completed, The Hedge at Buddina located at 5 Bermagui Crescent, Buddina, will offer 97 apartments presenting a floor area up to 158 sqm over five storeys.</div>
<div> </div>
<div>It is located an hour north of Brisbane by road.</div>
<div> </div>
<div>The Hedge at Buddina benefits from a regional development strategy unfolding over the next two decades which will see the economy triple to $33 billion, the creation of 100,000 new jobs in high end industries and household incomes exceeding the Queensland average.</div>
<div> </div>
<div><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/2018/9/19/Kawana.jpg" alt=""></div>
<div> </div>
<div>The project adjoins the newly upgraded Kawana Shopping world (pictured above) which has been earmarked for further major improvements in the near future including a Gold Class cinema complex and new specialty shops.</div>
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j.ballantyne1990-6AQqhLzZaK

The Hedge at Buddina commercial tenancies sell for $5 million

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Property investors are driven primarily by ROIs, especially in today’s market. Yet combating inflammatory media headlines predicting the property bubble will burst can make it difficult for even the most level-headed of investors to come to grips with where and when it’s best to invest. The facts remain that good yields are still being achieved.

As the property market is cyclical, there are still good commercial property investment opportunities here in Australia. Some areas of the country may be experiencing a cooling market, but there are profits to be made in Melbourne if you are smart.

There is never really a ‘bad time’ to invest, only shorter and longer-term strategies in play. Capital growth can be expected from property investment, irrespective of market forces and changing pressures; history proves this.

<h2>The current commercial market</h2>

For those looking to invest, it’s worth noting that competition in commercial property is rising.

While interest rates are low, returns in Australia have plateaued in recent years. Retirees using interest gained on money sitting in banks to fund their day-to-day lives can expect a return of around 2 to 2.5% in interest, before tax. This is significantly less than previous years, especially for baby boomers, which means other avenues of generating capital are increasingly being explored – one of which is commercial property.

The increased investor interest and competition in commercial property is naturally placing an added pressure on the Australian market – this is a key challenge in the industry today that we at CVA have recognised.

The average commercial property yields are currently around 5 to 6%. The high demand from investors is a key driver here, but remember, the property market is constantly shifting. External forces play a major part in how the market fares and we could be in a different position by the end of the year.

However, it’s not all about the yields! Although high returns on capital are what many clients say that they’re after and strategising for optimal yields are a fundamental aspect of a successful commercial property portfolio, it is important to recognise that they aren’t the be all and end all.

This is particularly true in an industry that shifts frequently – it is dangerous to be distracted by short-term returns. For example, investors are often attracted to country properties for the higher prospective returns, but in the long term this isn’t always the best strategy as it can take longer to find tenants. We recommend that investors take the time to understand what and where they are investing, coming to grips with the local market.

<h2>A better bet than residential?</h2>

With office and industrial space in Melbourne currently in high demand, now more than ever is an ideal time to turn your attention towards commercial property and consider it as a viable investment solution.

The demand for commercial property means once you have invested, it’s likely you will find tenants quickly. Work spaces of all shapes and sizes are sought across the state and there are many commercial opportunities that include mixed use dwellings. These provide the ability to lease the space to multiple tenants resulting in multiple incomes.

In addition, tenant stability tends to be stronger compared to residential properties. Leases usually last between three and 10 years, because the tenant has often invested a lot more into a commercial property and would prefer to stay in the one location.

In general, commercial property is more successful as a long-term investment as it generates a higher yield over time. This rings true in today’s market; those who are willing to wait it out in Melbourne will see the benefits. Avoid the fear mongering news headlines and focus on the fundamentals – there will always be opportunities in property.

Anthony Carbone is the Northern Region Director at <a href="https://www.cva.melbourne/">CVA Property Consultants</a>. 

Anthony began his career in real estate in 1984, moving to the commercial and industrial sector in 1985 and then joining CVA in 1995. 

His record of success is reflected not only by exceptional Sales and Leasing results, but also by the proportion of clients who return to Anthony whenever they require advice for commercial or industrial property or wish to sell or lease their property.
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Anthony Carbone

Is now a good time to invest in commercial property?

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The NAB Commercial Property Index fell 4 points to +17 in Q2 but remains 14 points above its long-term average of +3.
State indices declined across the country, except in VIC.
Sector indices for CBD hotels, office and industrial property converged in Q2, but remain much lower for retail.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%202.JPG" alt="">
CBD hotels eased despite solid occupancy and a favourable tourism outlook.
Office and industrial indices also fell - even with positive lead indicators in office and online and warehousing demand for industrial.
Retail better (but negative) as subdued retail business conditions and slow wages growth hurt consumer sentiment.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%204.JPG" alt="">
Confidence was largely unchanged in VIC and QLD, but slightly weaker in NSW.
SA/NT was the least confident by some margin (and in all sectors), with WA also trailing.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%203.JPG" alt="">
Confidence fell most in CBD hotels (from high levels) but is still highest overall.
Industrial also lower and now on par with office after out-performing in Q1.
Office changed very little, with sector benefiting from demand in key states and nascent signs of recovery in under performing states.
Retail improved a little, but is still negative and weakest of all sectors. 
Expectations for capital growth in the next one to two years are strongest for office property at 1.6% &amp; 1.7% (replacing CBD Hotels), with VIC &amp; NSW leading the way.
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%205.JPG" alt="">
They are weakest for retail (-0.8% &amp; -0.7%), with values tipped to fall or stay flat in all states. 
National office vacancy fell to 8.5% in Q2 (9.0% in Q1) - lowest since Q4’15. Despite small increases in VIC and NSW, they remain the tightest markets for space.
Vacancy also fell further in QLD (lowest level in 4 years) and looks to have stabilised in SA/NT and WA. 
<img src="https://www.urban.com.au/images/2018/7/25/NAB%20CProp%201.JPG" alt="">
Office property also expected to lead way for rental growth in the next-12 years (1.5% &amp; 2.0), followed by industrial (1.2% &amp; 2.1%), with NSW and VIC out-performing in both markets.
In retail, the outlook is for rents to continue falling.
This quarter NAB asked property professionals for their take on the RBA and around two in three property professionals think next RBA move on rates will be up.
Only 4% see a cut and 23% no change while most (53%) believe next move will occur in six-12 months (NAB’s view (up) also sits in six-12 month range but at latter end).
If rates continue rising in medium to longterm, 18% think it will cause property values to fall over 10% and 51% less than 10%. 
Less than one in 10 (9%) property professionals use interest rate hedging to mitigate risk and almost six in 10 (59%) said they did not hedge and did not expect to do so in the future. 
When asked how their view on rates was impacting their hedging decision, 44% said they did not intend to change their position.
But 36% planned to increase the amount of hedging and 11% would increase the length of interest rate hedging. 
Despite a cooling housing market, a survey high 65% of developers starting new projects are still targeting residential development. 
The recent improvement in accessing funds has reversed in Q2.
In net terms, -29% said it was harder to obtain loans (-21% in Q1) and -16% equity (-14% in Q1).
More property professionals now also expect funding conditions to worsen in next six-12 months.
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NAB quarterly commercial property survey shows confidence still strong but declining

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Tewantin's Caltex has been sold.
The auction for 44 Doonella Street, Tewantin fetched $3,120,000 with a new 15 year lease.
It last sold at $1.1 million in 1991.
It was listed by Michael Collins and Aaron Dahl from Cushman &amp; Wakefield Brisbane.
<a href="https://www.realcommercial.com.au/property-retail-qld-tewantin-502864998" target="_blank">The property on a 1,199 square metre corner site </a>features 70 metre of frontage, on site parking, and 15 year lease to 2033 plus options to 2053.
The tenant pays all usual outgoings, including Land Tax.
It is close to Tewantin Noosa RSL, Woolworths, BWS, Liquorland, Westpac, CBA, ANZ, and Medical Centre.
Tewantin is a tourist location supported by strong local economic administrative centre including the Noosa Shire Council Chambers and professional services.
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Caltex petrol station in Tewantin sold under the hammer

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A newly renovated 100 square metre commercial space at South Coogee has been sold for $800,000.
Built in 1915, it was marketed as suitable for many uses including as medical consulting/physio or wellbeing centre.
It was listed for sale with the price of $950,000 last year.
It was sold earlier this month by Mark Fragias from Ray White Randwick &amp; Bondi Junction.
Situated at 374-376 Arden Street, the internal comes with polished floors.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/25/south%20coogee%201.jpg" alt="">
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South Coogee premises sold with medical consulting potential

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A substantial Camberwell site has been sold for the first time in over half a century.
Colliers International in conjunction with Woodards secured the sale of 7-9 High Road (pictured above) for over $17million.
The property was purchased by Melegant Group through a "hotly contested" public tender campaign.
Melegant Group is managing more than 35 projects totalling more than $250million, across mostly eastern Melbourne. 
Its recent purchases included a development supersite in Malvern East for around $15 million last year, at 1-9 Sylvester Crescent. It is directed by Eddie Zu and David Xu.
“2018 has seen the market starved of high calibre development sites,” Burgess said.
“The result, and competition we received, at 7-9 High Road is a reflection of this and shows the market’s desire for premium develoment opportunities in Melbourne’s high end suburbs."
“Occupying a sought after position of over an acre near the corner of Toorak and Burke Roads, this was an unmatched, generational opportunity to secure an incredibly rare land holding in Melbourne’s premier inner-east."
Comprised of three titles and with frontage to High Road of more than 40m, the holding is 4,433sqm.
The site is currently home to a period Californian bungalow converted into three one-bedroom apartments, as well as four blocks of two-bedroom apartments making a total of eighteen apartments.
Melegant Group recently struck a three-year lease over 280sq m of office space on Level 3, 990 Whitehorse Road, Box Hill, the former ATO building which will cost the company a net annual rent of $98,250.
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High Street, Camberwell development site sells to Melegant Group after 50 years ownership

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Robert Maher, one of Australia's top performing commercial real estate agents, has joined @realty.
The national real estate network has signed more than 500 agents to its banner over the past four years.
Maher has been ranked in the top two per cent of Australian real estate agents by sales volume.
He moved to <a href="https://www.atrealty.com.au/" target="_blank">@realty</a> from his role as a commercial property specialist for Gunning Real Estate in the Sutherland Shire.
Maher says he will represent both commercial and residential listings across the Sutherland Shire and surrounding areas. Agents at @realty's can work independently in any region due to their unrestricted zoning policy.
Maher says he chose to work with @realty, which sold a total of $861 million in property in 2017, due to the company's business model, which benefits both agents and their clients.
"@realty is based on the Gold Coast and unlike other franchise agencies, there are no regional offices, which means agents have much more autonomy to work in the way they want to," Maher said.
"It's an excellent alternative system for smaller independent agents  to operate under," he said.
"Vendors benefit from @realty's purchasing power, which allows agents to provide lower cost marketing and a more premium and personalised service than what may be offered by larger franchise groups, which impose numerous restrictions on agents.
"I have only been on board with @realty for a few weeks but I have found the executive team to be highly responsive, led by James and JJ Taylor who have a strong vision for the future of the business.
"The network of agents is also very collaborative. For vendors it is almost like having 500 agents all working to achieve the quickest and best result for every @realty client."
@realty director JJ Taylor says the company has a suite of bespoke software, which gives agents an edge on industry competitors.
"Because the @realty model is the first of its kind in Australia, we actually had to commission  a cloud-based platform to  connect our agents, head office and compliance management teams.
"We then built in to this system bespoke software which automatically searches all listings and compares them to potential buyer profiles to find a match, which effectively means that all 500 of our agents are working to make a sale.
"In addition to this, we have Click2Buy - an eBay style platform, which allows buyers to compete on an even playing field by viewing any offers made by other prospective purchasers in real-time.
"Another tool we offer is Home Booster - a social media platform, which has  generated a total of more than 21,000 leads for the 50 vendors who have listed their home on the platform in recent months.
"Home Booster allows agents to target homebuyers on Facebook, Instagram and Twitter within proximity of the listed property, retarget buyers who have previously visited @realty listings or have demonstrated online activity suggesting an interest in real estate, so it's highly targeted.
"@realty recently won the Real Estate Institute of Queensland (REIQ) Innovation award and we try be innovative in all that we do.
"We believe @realty has been a game changer not only for agents but also for buyers and vendors who benefit from our approach to selling real estate using custom technology and a unique business model."
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jrobinson-rf4aSBido9

Robert Maher moves to @realty

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Alastair chats with Laury about The University of Melbourne's new student precinct, commercial development and proposals in Melbourne and is Malcolm Turnbull really the Prime Minister for Sydney?

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Alastair Taylor

Weekly Podcast: Episode 6 - UoM, Melbourne's commercial pipeline, and is Malcolm Turnbull Sydney-centric?

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Overall sentiment around commercial property (measured by the NAB Commercial Property Index) moderated a little in Q4 (down 1 to +17) but is still well above the long-term average (+2). 
NAB Group chief economist Alan Oster said positive sentiment likely reflected a steady economy, healthy employment growth and strong business conditions.
CBD Hotels out-performed all other sectors, while retail sentiment fell quite sharply and turned negative for the first time since mid-2014.
Industrial sentiment also lifted, amid continued reports of strong warehousing and logistics activity linked to growth in online retail (including Amazon) and e-commerce. 
Office has eased but is still out-performing.
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“Not surprisingly, NAB’s Business Survey also showed retail was the only industry sector reporting negative business conditions” said Mr Oster. 
By state, sentiment was broadly unchanged and strongest in NSW (+33 points), followed by VIC (+20) where it softened somewhat but was still relatively solid. 
A weaker outcome was also reported in WA (-44) where the ongoing transition from the mining investment boom continued to weigh on both economic growth and local commercial property markets. 
Overall confidence levels fell to their lowest levels in 2 years and fell in all sectors - except CBD Hotels.
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“It fell most in Retail, which is not surprising given NAB’s own outlook for wages suggests that any improvement in consumer spending will be slow, especially if wealth effects have an impact as house prices ease” said Mr Oster. 
Property experts in all states were less confident about overall commercial property markets in the next 1-2 years. NSW is still the most upbeat state, and WA and SA/NT the least confident (and negative).
 
The survey also indicated that property developers were more hesitant about entering the market in Q4, perhaps reflecting concerns about over-supply in some segments such as high density apartments. 
Australia wide, the number developers intending to start new building works in the next 6 months fell to 47% in Q4 below its long-term average (51%). 
“Property experts are also telling us that debt and equity funding is still difficult to obtain and most don’t expect any improvement in their funding conditions any time soon” said Mr Oster. 
About 300 panellists participated in the Q4 2017 Survey. 
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Retail sentiment falls sharply as sentiment in commercial property moderates: NAB 

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One-third of Australian residential development site in 2017 were purchased by Chinese investors and developers, equating to AUD$2.02 billion of site sales, according to Knight Frank.
Their report, Chinese Developers in Australia – Market Insight 2018 found Chinese developers continued to dominate foreign investment in residential development sites across Australia.
"Many are now well-established in the local market," Knight Frank’s head of residential research, Australia Michelle Ciesielski said.
The share of sales to Chinese buyers has tripled since 2013, but decreased from the 38 per cent recorded in 2016.” (See Figure 1)
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“Sustained developer interest in the Australian market has come in spite of government efforts in both Australia and China to tighten credit conditions as they relate to residential investment and development.
“In Australia, the Australian Prudential Regulatory Authority (APRA) has encouraged local financial institutions to impose stricter controls, while in China the government has attempted to moderate capital outflow with China’s Central Bank imposing new rules for companies which make yuan-denominated loans to overseas entities.
“However, in mid-2017, this was relaxed somewhat – resulting in a boost to market confidence.” said Ms Ciesielski. 
According to the report Victoria recorded the sale of 38.7 per cent of residential sites to Chinese buyers – the highest share of all states. 
Ms Ciesielski said many developers consider that Melbourne offers better relative value when compared to Sydney. New South Wales and Queensland followed, with Chinese buyers comprising 35.6% and 7.4% of their state’s total volumes, respectively.
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Knight Frank’s Head of Asian Markets, Australia Dominic Ong said as Chinese developers gain experience in higher-density projects across the major cities, there has been diversification in many of their portfolios to include medium and lower-density sites.
“These lower-density projects have also become more popular with local developers – especially in NSW with the draft Medium Density Design Guide being released, identifying the ‘missing middle’ to encourage more low-rise, medium-density housing to be built.
“This type of project also tends to have less hurdles with the imposed tighter lending restrictions, and overall, lowers the delivery risk to the developer,” said Mr Ong.
The report found that residential development sites purchased by Chinese developers and investors in 2017 had an average site area of 21,785 square metres.
Of all Australian development sites purchased by Chinese developers and investors, 29 per cent were suited to low density (single dwellings or landed properties) – up from two per cent in 2013.
 
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