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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The large format retail sector has suffered a slump in the pace of consumer spending growth over the last couple of years, from a peak of over 9% (in moving annual terms) to just 2%, BIS Oxford Economics’ latest Large Format Retail Property report noted.
This weak demand/strong supply scenario created challenged for landlords. the study author, Maria Lee said,
Lee said the silver lining for large format retail centres was the increasing ability for them to incorporate non-traditional tenants.
"We’re seeing more gyms, play centres, medical centres, chemists, baby goods shops, pet supplies outlets and other uses," said Lee.
"This broadening of tenant mix not only improves visitation across the week but also helps keep a lid on vacancies.
"Importantly, these tenants often pay a higher rent than the traditional large format tenants."
The report noted that planning policy across the country is gradually moving towards greater flexibility for large format centres and that, even where policy is theoretically very restrictive, there are numerous instances of exceptions being made.
However, Lee cautions that the sheer speed and quantum of the impending supply peak is likely to cause some temporary fallout.
"Locational imbalances of supply and demand could see some centres suffer.
"And smaller centres, in particular, are at risk of falling income if one or two tenants fall over in the continuing challenging retailing conditions."
It noted weak consumer demand is set to continue to the end of the decade, against a backdrop of muted economic and household income growth.
Meanwhile, supply is surging as former Masters stores are converted into large format retail centres and as other projects that had been trying to secure pre-commitment for some time now go ahead.
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j.ballantyne1990-6AQqhLzZaK

Large format retail property face challenges: BIS Oxford Economics 

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Lawson Arcade, the prime retail and office building in Byron Bay, has been listed for sale with expectations of more $5.5 million.
It last traded for $5.26 million in 2003, so slow price growth for the commercial investment.
The commercial property offers 15 metre frontage to the busy Lawson Street.
It has been listed fully let.
Lawson Arcade on 865 sqm comprises a modern, double storey brick building of nearly 600 sqm. 
It has three shops, two restaurants and four office suites, with a gross annual income of around $465,000.
There was a recent $250,000 refurbishment which included interior exterior paint, new LED lighting, tenant signage and landscaping.
Teska Carson agent Michael Ludski is marketing the commercial building inconjunction with Byron Bay Property Sales agent Kathy Vaubel.
"There is no doubt that Byron Bay is one of the most popular beach resorts in Australia attracting high levels of tourists – currently more than two million - throughout the year," Ludksi says.
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Lawson Arcade at Byron Bay set for investor battle

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The first stage of the $1.5 billion Ripley Town Centre has secured an array of new leases as construction of the $40 million project is well advanced.
The latest leases lift its occupancy to over 80 per cent in what will be a marketplace-style centre anchored by a Coles supermarket.
It will be supported by 20 specialty stores, a medical centre and commercial office space.
Ripley Town Centre has secured tenancies from liquor giant BWS, a bakery, newsagent, nail salon, hairdresser, massage centre and café.
The Victoria-based Quay Family Healthcare signed up for the major medical centre to operate on the site.
Other health and medical tenants secured include The Discount Chemist, dentist Dr Nauv Kashyap who is opening his eighth South East Queensland practice, and Ipswich veterinarian Andrew Hemming who is targeting a second surgery to complement his existing Flinders View Veterinary Surgery.
Construction of the 9000sqm first stage is now well advanced with the roof installed, glazing and shopfronts currently being installed.  
“We’re pleased with construction progress over the past year, and we’re thrilled to see the number of retailers and commercial businesses moving to capitalise on the potential of the regional town centre,” said Ripley Town Centre development manager Taku Hashimoto. 
The new regional hub will service up to 120,000 people expected to call the Ripley region home over the coming years.
Ripley Town Centre has implemented several sustainability initiatives to secure a 5 Star Green Star Design through the installation of 1800 individual solar panels, with the majority to be installed on the 360 vehicle carpark shade structures as part of the 480kW system that will help generate a sizable portion of the town centre’s power needs at peak times.
<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/2018/2/13/RTC%202.jpg" alt="">
 
 
 
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Ripley Town Centre secures 80 percent occupancy well ahead of opening

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The latest research from Docklands Cityscope shows around 74 sales at a total value of $1.671 billion for the 12 months to January 2018.
It compared to 42 sales at a total value of $306.5 million for the previous year.
The table below shows sales recorded for the past eight updates of Docklands Cityscope.
Click here <a href="https://www.propertyobserver.com.au/images/2018/2/6/docklands%201.jpg" target="_blank">to enlarge.</a>
<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/2018/2/6/docklands%201.jpg" alt="">
The commercial property sales activity significantly decreased in total sales value for the quarter to January 2018, when there were 16 sales at a total sales value of $33.2 million, compared to 22 sales at a total value of $386.1 million for the previous quarter.
Its notable sales in the January 2018 update of Docklands Cityscope included:
<ul>
<li>Aurecon Centre at 850 Collins Street, an eight-storey office building with retail space on the ground floor and car parking, with building area 17,337 sqm plus 120 car space lots in property at 852 Collins Street, which were bought for $15.61 million; </li>
<li>Units 211E, Unit 212E, Unit 213E, three first floor retail shops and Unit 214E, a first floor commercial unit located in the Waterfront City at 425 Docklands Drive, which were bought for $5 million and </li>
<li>Unit 118E in the Waterfront City at 425 Docklands Drive, which was bought for $2.5 million. </li>
</ul>
<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/2018/2/6/docklands%202.jpg" alt="">
 
Several properties were listed as for sale in January including:
<ul>
<li>Channel 7 Melbourne Broadcast Centre, 160 Harbour Esplanade, an office/studio building of five storeys plus basement parking for 144 spaces, with a total net lettable area of 7,980 sqm, for sale through Colliers International; </li>
<li>Lot 127 in Lifestyle Working Collins at 838 Collins Street, a 74 sqm commercial unit on level 1, for sale through Jalin Reality Australia Pty Ltd – Melbourne and</li>
<li>1G/439 Docklands Drive in the Waterfront City Stage 1, a 200 sqm retail premises on the ground floor of the west building at the northern end, for sale through No Agent Property – Moorabbin. </li>
</ul>
There were leasing opportunities too including:
<ul>
<li>The V1 residential tower , 8 McCrae Street, a 21 storey building with 13 retail premises to the street frontages and one small first floor office unit, has retail space ranging from 76 to 202 sqm for lease through TT Global – Melbourne; </li>
<li>380 Docklands Drive, an A-Grade, 11-storey office building, consisting of retail space on the ground level, parking on levels 1 to 3, and office space on levels 4 to 10, has office space ranging from 200 to 466 sqm for lease through Colliers International – Melbourne and Knight Frank  and </li>
<li>Aurecon Centre, 850 Collins Street, an eight-storey office building with retail space on the ground floor and car parking, has office space ranging from 440 to 1,790 sqm for lease through Colliers International – Melbourne. </li>
</ul>
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Docklands sees $1.6 billion in 2017 commercial property sales: Cityscope

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<div class="cq-article-content-paras section">
The Harry Café de Wheels owner Michael Hannah and his co-owners are selling the home of Hannah's Pies in Ultimo at March 1 auction.
The <a href="https://www.commercialrealestate.com.au/property/562-576-harris-street-ultimo-nsw-2007-2014137555" target="_blank">Harris Street site</a> is tipped to fetch about $20 million through Colliers.
It is made up of a warehouse and adjoining terraces. 
<div class="related-quotes section">It is adjacent to accommodation provider Urbanest's Darling Square.</div>
Hannah's Pies, which sells pies over the counter at Harris Street, is the sole supplier to Harry Café de Wheels outlets.
The sale of the property comes as the pie cart business launches in China, with up to 300 of its carts to be rolled out across the country over the next 15 years.
</div>
<div class="cq-article-content-media section"><img class="lazy620x0" src="http://www.afr.com/content/dam/images/h/0/m/8/u/v/image.imgtype.afrArticleInline.620x0.png/1516592915083.jpg" alt="The site at 562-576 Harris Street, which is made up of a warehouse and adjoining terraces, has been put up for sale by ..." width="620" data-src="http://www.afr.com/content/dam/images/h/0/m/8/u/v/image.imgtype.afrArticleInline.620x0.png/1516592915083.jpg"></div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">"Its proximity to both the revitalised Darling Harbour and International Convention Centre is going to be a huge drawcard for both local and offshore groups," Colliers International's Miron Solomons said.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">He expects interest from student accommodation providers given its proximity within Sydney's university precinct including the University of Technology Sydney and University of Sydney.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">The offering is expected mirror the sale of the nearby vacant site at 142-152 Broadway which the University of Notre Dame bought for for $21 million or $40,000 a square metre, Colliers International said.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">The pie group has now expanded to more than 10 locations throughout Sydney and more recently into Asia.
</div>
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Hannah's Pies premises listed in Ultimo

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A freestanding building located on Wagga Wagga’s main retail strip has been listed for auction through Savills and Knight Frank.
The building at <a href="https://www.realcommercial.com.au/property-retail-nsw-wagga+wagga-502633566" target="_blank">145-147 Baylis Street</a> is set to go under the hammer on December 12.
Adjacent to the Sturt Mall Shopping Centre, the building has a site area of 653 sqm. 
It has a gross lettable area of 1,000 sqm and makes a gross income of $145,454 pa. 
The listing agents are Andrew Palmer of Savills and Jill Toohey of Knight Frank.
It last sold for $825,000 in 2003, according to CoreLogic RP Data.
Another property at <a href="https://www.realcommercial.com.au/property-offices-nsw-wagga+wagga-502473274" target="_blank">48 Trail Street</a> is on the market with expectations of $2.5 million.
<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/2017/12/4/WaggaWagga2.jpg" alt="">
The property has a land area of 0.48ha and includes two main buildings. The first consists of a reception area, various open plan and enclosed offices, showers and change rooms, large warehouse and main first floor office space. 
Fronting Trail Street is a federation style cottage of approximately 184 sqm. It has been utilised as a residence and more recently as administration offices for the Daily Advertiser. It comprises five main rooms with other amenities.  
The site was first utilised for The Daily Advertiser over 100 years ago and has a unique place in Wagga Wagga’s cultural history and news dissemination for all of that period. This history will continue to play a part in any future use with the cottage listed in the LEP as a building of significance.
The marketing is being handled by Geoff Seymour of Fitzpatrick’s Real Estate. It is being sold through an expressions of interest campaign.
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Retail building occupied by jeweller in Wagga Wagga's main shopping strip listed

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The Mercado restaurant space in Sydney’s Martin Place precinct has sold for $5.3 million at Burgess Rawson’s portfolio auction.
The trophy retail sale to a Chinese buyer fetched a yield of 4.82 percent.
The shop at <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-502467362" target="_blank">LG03&amp;04/350 George Street</a> has a land area of nearly 404 sqm.
350 George Street is a refurbished heritage building.
Mercado has a secure lease in place to 2025 with further options to 2035. The lease comes with 4% annual fixed rent increases.  The property earns a net income of $258,053.90 pa + GST.
Chef Nathan Sasi is the mastermind behind the food at Mercado, and his speciality lies in creating everything from scratch. 
The selling agents were Andrew Vines and Darren Beehag of Burgess Rawson.
The property was part of the Burgess Rawson portolio auction held in Sydney in August, which saw 17 out of the 27 properties sell.
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Mercado restaurant space in Martin Place fetches $5.3 million at Burgess Rawson auction 

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The Tallwoods Golf Course on the northern side of Blackhead Road in the mid north coast of New South Wales is on the market.
The 18 hole golf course at <a href="http://www.colliers.com.au/96003/" target="_blank">61 The Boulevard, Hallidays Point</a>, has been designed by Dr Michael Hurdzan, one of the world’s leading environmental golf course designers.
It has a Par 72 course which is 5,508 metres in length.
The club is on 69.292 hectares of land predominately zoned RE2 Private Recreation.  There is also a casual tenancy to Hallidays Point Health and Fitness.
There is a Development Consent in place for a 21 tourist-style dwellings  The property was for sale by expressions of interest campaign which closed on September 21. No further details are available yet.
The buyer has the opportunity to develop a medium-density on the site.
The total land area is 72.427 hectares approx.
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Tallwoods golf course in NSW Mid-North Coast up for sale

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A commercial freehold property in Melbourne's inner northern fringe suburb of Brunswick has been listed for sale.
The <a href="https://www.realcommercial.com.au/property-retail-vic-brunswick-502633546" target="_blank">Sydney Road property</a> opposite Woolworths and BWS is a two level, brick building with ground floor bar, dining area, kitchen and a large function room upstairs.
There's a beer garden on the 625 sqm site zoned Commercial 1, as well as onsite parking via Saxon Street at the rear. There's nine metre frontage to Sydney Road.
According to Teska Carson marketing agents George and Larry Takis, the property will be sold with a lease to Burger Buzz at $99,354 (gross) per annum + GST on a monthly basis.
George Takis said the property offered options to a range of buyers including developers, owner-occupiers and investors and benefitted significantly from its prime city fringe location.
"Brunswick is one of Melbourne’s most popular inner suburbs with its close proximity to the CBD, and its retail and lifestyle attributes driving substantial commercial and residential development over recent years," Takis said.
"Lifestyle amenity includes Princess Park and Royal Park while Barkly Square Shopping Centre with national retailers including Coles, Woolworths, Kmart, McDonalds and JB Hi-Fi, takes centre stage amongst a vast array of fashion boutiques, cafes, bars and restaurants.
"It is also very well served by all forms of public transport including trains, trams, and buses."
Larry Takis said the sale offered an outstanding opportunity for astute purchasers to gain a foothold in such a prime location with potential development upside (STCA).
"Given its close proximity to the CBD, transport, shopping and lifestyle facilities, this property presents a fantastic opportunity in a location that continues to attract a wide range of buyers.
"The property offers exceptional growth potential and development upside (STCA) right on the edge of Australia’s fastest growing capital city,’’ he said.
He said the property’s key attributes included:
- Solid, two level building; - Substantial land holding of 626sqm; - On-site parking; - Dual street access; - Prime city fringe location; - Potential development upside (STCA); and, - Monthly income stream.
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Versatile Brunswick commercial building leased by Burger Buzz for sale

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Australia does have its own history in the early 1990s of large losses on commercial property lending, according to the RBA.
Noting a classic boom-bust or ‘hog cycle’ story, the bank's head of Financial Stability recalled over those five years, Australian banks experienced losses of around 10 per cent of their loans, concentrated in their commercial property lending.
"One part of the commercial property sector that the Reserve Bank has been watching closely is loans for the development of residential property," according to Jonathan Kearns the bank's head of Financial Stability.
He said <a href="https://www.rba.gov.au/speeches/2017/sp-so-2017-11-20" target="_blank">in a speech to the Aus-China Property Developers, Investors &amp; Financiers</a> that the surge in apartments recently completed and under construction in the major cities "raises the risk of price falls."
The construction of new apartments has been largest relative to the existing stock in Brisbane and inner-city Melbourne, though it is largest in absolute numbers in Sydney.
"Prices for other types of commercial property have risen sharply with a strong increase in demand from international investors seeking the relatively high yields available on Australian commercial property. Exceptionally low long-term interest rates globally have pushed up valuations for property and other assets, all the more so because relatively strong and stable global economic growth in the past few years has reduced investors' perception of the current risks.
"While there has not been a surge in construction, the run up in commercial property prices raises the risk of a sharp correction, for example if there is a change in sentiment or a pick-up in long term interest rates."
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He noted commercial office markets have been strongest in Sydney and Melbourne with low vacancy rates and rising prices.
"In contrast, conditions have been weaker in Perth where vacancy rates increased sharply with the downturn in the state economy from the decline in mining investment.
"Conditions in retail property markets have also been relatively subdued across Australia.
"In part, this reflects strong competition in the retail sector from new entrants and online retailers.
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"However, banks have continued to grow their lending for new retail developments and refurbishments with an increased focus on entertainment, hospitality, services and mixed residential.
"Overall, Australian banks have tightened their lending conditions for commercial property in recent years."
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Kearns suggested restrained lending by Australian banks had provided an opportunity for new entrants into the market.
"Asian banks have grown their commercial property lending sharply, more than doubling their market share in just two years, although it remains relatively small.
"This strong growth in commercial property lending by Asian banks is reminiscent of European banks' growth in the lead up to the financial crisis. However, whereas Australian banks eased their lending standards in that pre-crisis period in order to compete, this time Australian banks do not appear to have eased lending standards."
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