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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A tourist icon of north east Victoria, the five-star resort Villa Gusto, has been listed for private sale with a price tag of $3.85 million as a going concern.
The freehold at <a href="https://dickensrealestate.com.au/3922011/" target="_blank">630 Buckland Valley Road</a> offers a slice of Italy, having been built by Italophile Colin McLaren who took inspiration from the grand lakeside villas and hilltop homes and resorts of northern Italy to create a unique and indulgent country property. 
McLaren was an ex-Victoria Police detective-turned-author.
Its features include Glenrowan granite stone, reclaimed timbers and the classics of marble, internal fittings like hand woven tapestries, artworks and distinctive finishes and fine detailing.
It with its distinctive buildings and all operating facilities is offered for sale on a walk-in walk out basis creating multiple options or choices for a new owner. 
The property has been listed by Ben and Kirsten Edwards having upgraded Villa Gusto’s services, but now want to part with it for personal reasons.
The resort was used solely for Fiat Chrysler Australia's marketing operations since 2013, but the company ended its contract with Ben Edwards's company Vinfinity in 2015. 
The listing agents are DRE Business Brokers, a division of the property agency Dickens Real Estate in Bright. The marketing is being handled by Gerald Gray.
Villa Gusto is offered for private sale in full operational mode or on an effective going concern basis save for some heirloom family items that the vendors wish to retain.
Its features include:
<ul>
<li>a freehold of 5,416 sqm (almost an acre and a half) with bitumen road access that is 12.7 kms from Bright, even closer at 6.8 kms from the delightful village of Porepunkah on the Great Alpine Road with also a local aerodrome.</li>
<li>two buildings housing seven comfortable accommodation units supported by a full commercial kitchen with its own walk-in cool room.</li>
<li>the half circular shape of the Grand Palazzo central entry building faces to the west to give idyllic views and sunsets, across to Mount Buffalo</li>
<li>a solar-heated swimming pool that measures 14 by 8 metres and is edged in Travertine limestone with timber decks, pool furniture and is managed by a European BioTop filtration system.</li>
<li>a separate owner’s accommodation — an apartment with space and services of a size that is ideal for a couple with even a small family.</li>
</ul>
There is also a climate-controlled wine room and cellar with a capacity to house 1000 bottles. Ben Edwards is a noted wine reviewer, show judge and previously President of Sommeliers Australia. 
<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/2017/11/1/Dickens1.jpg" alt="">
Services include 60 solar panels of 15 kW capacity on the roof that transmit power back to the grid.
According to the owners, the peak trading period are summer, spring and the autumn months.
“I don’t think we have pushed the accommodation numbers from visitors and travellers through the high and alpine country so this potential remains to be tapped under new ownership”.
“We are offering the property and business for sale with all operational facilities in place, forward bookings and a complete IT operating software system and website,” Gray said.
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Villa Gusto in the Buckland Valley via Bright is for sale

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A St Kilda property has been listed for sale with a $6.28 million, exclusive of GST, asking price after failing to sell last month.
Located at <a href="https://www.realcommercial.com.au/property-offices-vic-st+kilda-502518158" target="_blank">42 Barkly Street</a>, the 1814 square metre property is a 1874 mid-Victorian mansion currently with commercial zoning.
With 31 metre street frontage to Barkly Street, there are off-street parking for 25 plus cars as well as access via St Kilda Road.
The property has a wide variety of potential including owner occupier, corporate or organisation headquarters, medical offices, gallery or hospitality or residential (STCA).
It is located on top of St Kilda Hill and close to the beach, restaurants and cafes.
Expressions of interest closed last month through CBRE.
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Iconic St Kilda building goes wanting

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An office and warehouse complex suited for a corporate headquarters at Bundall on the Gold Coast is being offered for sale via auction through Ray White Commercial Southport.
The freestanding facility at <a href="https://www.realcommercial.com.au/property-offices-qld-bundall-502435078" target="_blank">17 Strathaird Road, Bundall</a>, is being marketed by Wayne Devenport of Ray White.
The auction will be held on October 26. Park Trent, the property advisory group, have been there with signage rights.
The partially tenanted property is on a land area of 3,492 sqm with total building area of 1,931 sqm.
“The asset comprises a two-level quality office of 756 sqm to the front and an 1,175 sqm warehouse to the rear, with two gymnasium tenants occupying approximately 560 sqm of the warehouse area,” he said.
“The property would be an ideal corporate headquarters or investment in a highly sought-after location."
The offices to the front of the building comprise a reception, meeting room, seven offices, 14 station open plan area and full kitchen, coms room and server room.
The second floor has facilities for an eight station open plan area, multiple offices, meeting room, boardroom and kitchen.
The property is zoned ‘mixed use, fringe business precinct’.
 
 
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Office-warehouse in Gold Coast's Bundall listed for auction

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Creative is the buzzword at Holt and Hart, an office precinct in Sydney’s inner suburb of Surry Hills.
Recently, an office space at <a href="https://www.commercialpropertyguide.com.au/property/258663/sale/suite-309-50-holt-street/surry-hills-nsw-2010/offices/" target="_blank">Suite 309, 50 Holt Street</a>, was sold for an undisclosed sum.
The 201 sqm, strata titled office was advertised for auction with expectations of $2.3 million.
It changed hands recently in July this year for $2,050,000, according to CoreLogic RP Data. The vendor was Oriental Capital Pty Ltd.
According to the description, the property comes with “uncompromising level of finish, fit-out, services and amenity”.
The workplace has a sense of style. The building is anchored by a variety of cafes and eateries that add to its overall appeal. 
The property’s features include 201.2 sqm of net lettable area and passing income of $138,583.
The space is leased until October 2018 with further options till 2021 and  5% annual increases.
There is a fixed 5% review at the take up of the option.
<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/2017/09/19/Creative2.jpg" alt="">
Tenants include fashion, media, and design businesses, including Cue Clothing.
The selling agents were Gunning Real Estate’s Tom Speakman and DB Property’s David Brown. 
A shortage of creative office spaces in the Sydney CBD is inspiring tenants to come up with own creative solutions to customise their workspaces, with a recent example being at 6 O’Connell Street.
 
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jonathanchancellor-7SQnKwU6yx

Creative office spaces in demand as Surry Hills suite snapped up

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The Rockpool Dining Group is set to open his first foreign premises in Los Angeles.
The development comes ahead of leading restaurant chain Rockpool Dining Group's possible stockmarket listing, The Australian Financial Review reported.
Founded by celebrity chef Neil Perry, who last year sold the Rockpool empire to private equity-backed Urban Purveyor Group, the restaurant group has secured a site not far from Melrose Avenue in West Hollywood. 
Rockpool's previous plans for foreign site -- Spice Temple Dubai -- fell through in 2014.
The top chef’s two new Sydney restaurants, the Jade Temple at 11 Bridge Street and Rosetta at Grosvenor Square (picture above), were hatted at the recent Good Food guide gongs.
Rockpool Dining Group had recently announced it was bringing the much-loved Melbourne Italian restaurant, Rosetta Ristorante, with menus by chef Neil Perry, as part of Grosvenor Place’s $20 million piazza redevelopment.
There has been talk of a trade sale by Quadrant Private Equity, the AFR speculates.
Last November in a game changing move for the Australian hospitality industry, Quadrant Private Equity backed Urban Purveyor Group and Rockpool Group combined forces to create a multi-concept, dining and entertainment powerhouse, Rockpool Dining Group.
The move firmly establishes Rockpool Dining Group as the most dominant player in the Australian hospitality industry, with annualised revenues in excess of $350 million.
Rockpool Dining Group’s portfolio includes 47 venues, 15 dining brands, and over 3000 employees across four states. 
Rockpool signalled it plans expand to more than 80 venues by the end of CY 2017, including the group’s first venues in London.
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Rockpool plans first foreign premises in Los Angeles

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A fully leased retail building within the Burke Road retail precinct in Melbourne’s Camberwell has recently sold for $6,008,000 through Savills.
The property at <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-502520510" target="_blank">596 Burke Road</a> has been completely refurbished.
It has two retail shops totalling 275 sqm on one title.
It is leased to T2, a wholly owned subsidiary of Unilever Ltd, and Montebello Emporium.
The property has a landholding of 273 sqm with two street frontages.
It earns a current net rental of $307,087 per annum. The yield is estimated at around 5.1 percent.
The selling agents were Nick Peden, Jesse Radisich and Benson Zhou of Savills.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/18/SavillsBurke2.jpg" alt="">
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Camberwell retail property sells for $6 million through Savills

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<div class="cq-article-content-paras section">
The film director behind Mad Max and Babe, George Miller, has listed the historic art deco The Metro theatre in Sydney's Potts Point with $20 million plus hopes.
It has been his headquarters for more than three decades, but now redundant given his relocation to Fox Studios.
It was built in 1939 as <a href="https://www.propertyobserver.com.au/https://dictionaryofsydney.org/media/5557" target="_blank">The Minerva Theatre</a> opening with a production of Idiot's Delight. Sam Hood took photos.
Metro-Goldwyn-Mayer purchased the building in 1950 and converted to a movie theatre, renaming it the Metro Cinema with stars such as Elizabeth Taylor and Richard Burton attending premieres.
Then as a theatre it hosted performances including the 1970s musical Hair by Harry M. Miller.
</div>
<div class="cq-article-content-media section"><img class="lazy620x0" src="https://www.afr.com/content/dam/images/g/y/x/8/m/p/image.imgtype.afrArticleInline.620x0.png/1507526409727.jpg" alt="The Metro, Potts Point, Sydney." width="620" data-src="https://www.afr.com/content/dam/images/g/y/x/8/m/p/image.imgtype.afrArticleInline.620x0.png/1507526409727.jpg"></div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">The 2300-square-metre property at 30 Orwell Street is on the market for the first time in 35 years, but has been available for lease.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">Miller had struggled with maximising its usage and potential in recent years, with various concepts floated but not implemented.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">He was seeking $25 million plus at one stage for its sale.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">It is likely to appeal to owner-occupiers, boutique hotel operators, and specialised developers with heritage expertise, Fairfax Media reported.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/10/Minerva2.jpg" alt=""></div>
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jchancellor-FAypfDUnLy

George Miller lists Art Deco Metro theatre in Potts Point

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North Adelaide's Burger Bar premises has sold under the hammer for $1.455 million to a local investor.
The two-storey property at <a href="https://www.realcommercial.com.au/property-retail-sa-north+adelaide-502514298" target="_blank">51 O’Connell Street</a>, opposite The Archer Hotel and close to North Adelaide Village, has been home to the popular eatery for more than 50 years.
The auction was managed by Colliers International agents Oliver Totani and Tom Isaksson.
“Well-located ‘high street’ retail assets are always in demand but this is an especially strong outcome in the current market,” Totani said.
“The buyer was enticed by the short-term net income of the asset, which is about $72,000 per annum, as well as the potential to add value through refurbishment or potential redevelopment.”
Isaksson added that North Adelaide, and O’Connell Street in particular, were sought-after precincts with limited sales.
“O’Connell Street has been going from strength to strength in recent times given the uptake in new tenants, especially in the food and beverage space,” he said.
 
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Adelaide's Burger Bar satisfies investor appetite with $1.455 million sale

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A leading Perth-based aged care organisation, Hall &amp; Prior, and a local superannuation fund have jointly paid $13 million for the heritage-listed former Woodside Maternity Hospital in Perth’s East Fremantle.
The joint venture aims to develop and repurpose the <a href="https://www.realcommercial.com.au/property-land+development-wa-east+fremantle-502237526" target="_blank">18 Dalgety Street</a> property into a world-class aged care facility to serve the Fremantle community. 
Woodside House, comprising 1979 sqm of buildings, sits on a 10,000 sqm site overlooking the Fremantle Port and Town Centre. It was constructed in 1902 and is a classic example of Victorian Italianate architecture.
The hospital belonged to the WA Department of Health.
The deal was negotiated by Savills’ Barney Dear and and Chas Moore.
Hall &amp; Prior CEO Graeme Prior said the project would be a foundation asset for the joint venture. The development will be in addition to Hall &amp; Prior’s current infrastructure development programme set to deliver 400 beds across three facilities in Western Australia and New South Wales, worth over $160 million.
It is one of the WA’s largest providers of care for supported and financially disadvantaged Western Australians. 
In WA, the company cares for almost 2,000 people across 14 residential aged care homes and two home care services, predominantly in metropolitan Perth. Nationally, Hall &amp; Prior operates over 1,500 beds across 25 residential aged care homes in Western Australia and New South Wales, employing over 2,000 staff. 
“This is an exceptional result for a building that has played a very important part in providing care for the Fremantle and surrounds community for nearly 100 years. The purchaser’s proposed use will continue that service to the community,” Savills’ Dear said. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/06/DalgetyStreet1.jpg" alt="">
Moore added that Perth’s property market is currently in a post-mining investment boom transition that offers opportunities for investors and developers.
“The sort of robust level of enquiry we had for this property illustrated just how seriously the investment and development community has recognized, and in this instance, grasped that opportunity,’’ Moore said.   
 
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Hall & Prior JV shells out $13 million for heritage-listed Perth hospital: Savills 

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Chinese commercial property investors have paused purchasing overseas investments until this November's Chinese National Party Congress provided greater clarity around some of the newly announced capital restrictions.
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"Post the national congress, it will be interesting to see whether there are any changes to the restrictions to support offshore investment out of China into Australia," CBA executive director real estate, George Vallas told Fairfax Media.
The pause on all investments overseas was addressed during a roadshow by Colliers International, the Commonwealth Bank of Australia and PwC, which toured China in September.
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"Many investors are trying to be good citizens," Colliers International's head of investment services Matthew Meynell said.
"There is a saying among corporates in China – never bet against the Government," Mr Meynell added.
However Singaporean, Hong Kong, Malaysian and Vietnamese investors had re-emerged with interest in Australia.
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There were a significantly high number of high net worth and institutional investors from these countries attending roadshow presentations.
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<div>"The roadshow reaffirmed our view that there are still significant levels of liquidity to invest in Australia from both institutional and high net worth investors based in Asia," Mr Vallas said.</div>
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