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 former Sapphire Lounge venue in Sydney's Kings Cross, now known as The Carlisle Bar, is up for lease.
This 400sqm split-level <a href="https://www.propertyobserver.com.au/https://metrocommercial.com.au/property/rental/2185" target="_blank">venue</a> has three bars, VIP area, indoor showpiece tree, birdcages and white decor.
It features a 24 hour liquor license (currently trading until 3am), 300 patron capacity, a full commercial kitchen and designed to cater for large corporate functions, product launches and special events.
The property is up for lease through Metro Commercial agents Jerry Leis, Dillon Frain and Nik Simonovic.
It has been an on off operation over the past decade, among the premises caught amid the lockout laws.
According to a News Ltd report last October, several Kings Cross club owners were intent on joining forces to amalgamate and then sell the adjoining properties on the infamous strip to a developer.
<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/2017/07/12/2%20Keellett%20Place-2.jpg" alt="">
The Sunday Telegraph noted the consortium hoped the area will be rezoned to make way for two high-rise buildings modelled on Malaysia’s Petronas Towers with the development comprising 500 luxury apartments.
Sapphire Lounge owner Charlie Saleh told The Sunday Telegraph he began collecting signatures from the 65 property owners.
“It took a long time and a lot of money but we finally got the last landowner on board that we needed,” Mr Saleh said.
“This is a huge parcel of land that we think has great potential. You have the train station across the road, the CBD is 20 minutes away and you have views of everything from the Blue Mountains to Bondi and Manly.
“I think it’s the last great pocket of city land that hasn’t been redeveloped and if it’s done the right way I think it could transform Sydney.”
<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/2017/07/12/2%20Keellett%20Place-3.jpg" alt="">
He said the area will never again be what it once was, due to the lockout laws, driving the decision of landowners to sell.
The lockout laws, introduced in 2014, state venues in the CBD and nearby Kings Cross close by 3am with last entry at 1.30am.
The nearby former nightclub and music recording studio known as “Studio X”, the 1200 sq m floor span immediately under Kings Cross’ famous “Coca Cola” sign, is for sale.
Colliers International’s Miron Solomons is marketing the property with Gunning Commercial’s Daniel Gunning.
Solomons says the property has been priced to sell at $13 million to $14 million. It is in two strata lots so it can be sold in one line or two separate areas. 
The expressions of interest close Wednesday 26 July. The two empty lots have total outgoings for rates, strata, land tax and water of $116,476.
Solomons says the listing typifies the changing use of Kings Cross/Potts Point from the old bar and nightclub scene to a work and lifestyle environment. 
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j.ballantyne1990-6AQqhLzZaK

Iconic Kings Cross venue up for lease

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SPONSORED POST
The Property and Construction sector has rightly been identified by the Queensland Government as one of the four pillars of the economy, alongside Tourism, Agriculture and Resources.
 The sector consistently contributes approximately 11% of Queensland’s gross state product. After Health and Retail, it is the third largest employer.  
Worryingly, of the $42.75 billion allocated to infrastructure over the next four years, only $4.8 billion will be invested in regional Queensland. Historically, on average, less than 12% of infrastructure spending is invested into regional infrastructure development. 
The question then is: is that distribution equitable and can our budgets be brave enough to significantly shift the historical balance in favour of regional over metropolitan infrastructure and development? The arguments in favour of being brave are compelling. 
For their contribution and according to Regional Australia Institute (RAI), regional cities will have added $375 billion to the national economy by 2031. With the Queensland economy in a transitional phase and on a continued downward slide from the resource boom, taking advantage of the opportunities that regional cities provide has never been more important.
Regional cities north of Brisbane are optimistically investing in long rather than short term strategies. Geographic opportunities in the agri-foods and freight logistics sub-sectors offer possibilities that the north is able to yoke through harnessing untapped water supplies and developing agricultural potential in its vast plains. A northern food bowl would help sustain the emerging and ever increasing demographic realities that the likes of China and Singapore face. 
The resultant logistic hubs could in parallel, sustain other economic stimulators. Toowoomba’s Wellcamp Airport for example has had a significant impact on local food and horticultural production for which commercial freight flights have commenced. 
Further north, Mount Isa Regional Council predicts that the new Mount Isa to Tennant Creek rail link will be the stimulus for an economic corridor that will boost local economies along its route and diversify that particular region’s mining focused economies into other sectors. 
Airports could unlock the two-stop long-haul flights to Europe and therefore lure large carriers who currently use Dubai or Hong Kong as a preferred international stopover. How? Qantas, for example, has already commenced direct flights from Perth to London. 
By making Broome or Mackay the first stopover for a long range ‘Dreamliner’ or similar flight to London, Australia’s regional tourist hubs could be the next mega transit hubs in their own right. Bernard Salt suggests that this will help create new secondary cities equitably spread (geographically) across 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/2017/07/14/Savills2.jpg" alt=""> 
Regional cities are recognising that the knowledge worker can work from anywhere as long as they have access to their tools and technology. Sunshine Coast Council for example plans to link its region directly to global communications systems in Asia, the Pacific and the United States by encouraging the private sector to deliver an international submarine broadband cable connection that would land at Maroochydore. Initial economic modelling indicates that this initiative will generate an additional $700 million to the Sunshine Coast economy every year and $1.1 billion annually to the state’s economy. 
The Commonwealth Government’s embracing of the UK’s City Deals, Growth Deals and Smart specialisation concepts is a step in the right direction to managing regional infrastructure growth and investment. City Deals are agreements between the Commonwealth Government, a state or territory government, and local governments to enhance economic activity and liveability. 
They work by developing collective plans for growth and commitments to action, investment, reforms and governance from the associated stakeholders. Already, the first city deal agreements have been signed this year for Townsville and Launceston. 
It is demonstrably evident that regional cities are now starting to think bigger than ever and making their own luck in the process. However it is only with sound equitable funding of infrastructure initiatives with strong leadership that sustainable and long term success can be achieved. 
Are our leaders brave enough to push for a strong catalytic stimulus to regional infrastructure development and fundamentally shift the balance of growth, population, economic benefit and employment?  
--------------------------------------
Lawson Katiza is an Associate Director of <a href="https://www.savills.com.au/services-and-sectors/project-management.aspx">Savills Project Management</a>, and Queensland lead for Advisory and Commercial sectors. Savills Project Management is a Tier 1 project management and social infrastructure advisory specialist and a division of <a href="https://www.savills.com.au">Savills Australia</a>, an integrated property solutions company.
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spost-fCfKtoCdFu

Being brave in budgeting for regional infrastructure

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Developer Walker Corporation has lodged plans for a commercial tower in Brisbane’s Fortitude Valley, ditching a 433-apartment twin-tower development approval in favour of a $400 million commercial project. 
The proposed A-Grade tower at 801 Ann Street on the Austral Motors Site has been planned to have 26 storeys and will sit on a full city block bordered by Ann, McLachlan, Connor and Morgan streets. 
Walker general manager for Queensland Development Peter Saba said the tower would raise the bar for commercial property in Brisbane, with its next-generation commercial design. 
“This building will appeal to top-tier companies with its large, flexible floorplates and state-of-the- art features,” he said. 
Walker Corporation recently also submitted a development application for a 73-hectare master planned community, Breakwater, that will connect Robina, Merrimac and Gold Coast City Council’s planned Green Heart Parklands. The masterplan proposes 2,000 townhouses and apartments and is expected to house 3,700 residents.
The building, after approval and completion, would have approximately 5,000 workers, said Saba. 
“The site is sounded by cafes, restaurants and quality retail in the popular James Street precinct, so workers can make the most of the location,” he said. 
It will also have 5-Star Green Star rating. Other key features of 801 Ann St will include a light-filled lobby, site-specific artwork and winter rooms and terraces on certain floors.
Saba said 801 Ann St would significantly expand Walker’s presence in Queensland.
“We have been looking for the opportunity to deliver a significant commercial building in Brisbane and this site is the perfect location,” he said. 
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jonathanchancellor-7SQnKwU6yx

Walker Corporation plans modern commercial office tower in Brisbane's Fortitude Valley

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PwC has unveiled its new offices in Barangaroo Tower One.
Designed by leading architectural firm, Futurespace, PwC will have four entire floors dedicated to working with clients, known as the Client Collaboration Floors.
Angela Ferguson, Futurespace managing director said these new client spaces put PwC so far ahead of the curve when it comes to how business will be done in the future.
“The role of physical space in facilitating both virtual and face-to-face connection cannot be underestimated, particularly when it comes to client relationships," she said.
“Because of this we will begin to see more emphasis placed on client spaces within the office environment, and the role they play in co-creation, creating new staff and client connections and cementing important business and community relationships.
“The underlying goal of this project was to create interactive spaces where PwC clients and people could come together to solve important problems, innovate and create new ideas.
“The architecture blends intuitively with technology to create an unparalleled client experience not seen anywhere else in the world.
<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/2017/07/04/image003.jpg" alt="">
"The four levels include an impressive selection of diverse open and closed meeting spaces, co-creation and workshop areas, conferencing, dining and food and beverage options as well as areas for quiet work or relaxation – all integrated seamlessly with advanced technology.
“It was all about making sure that we created something that supports the variety and diversity of our clients.
Debra Eckersley, PwC’s New Ways of Working Partner said they did this by looking outside the industry to create a new benchmark in client experience.
“Our aim was to put our clients at the heart of everything we do,” she said.
This new approach disrupts the traditional boardroom mentality of client interactions, bringing about a more open and collaborative working experience.
The design stylishly combines the elements of a high-end hospitality service model, hotel aesthetics and amenities, interactive retail environments, immersive and signature technology, and tech-sector co-creation models in a way that has never been seen before.
The four Client Collaboration levels are interconnected by a central staircase that fixes the spaces both vertically and horizontally, incorporating viewing platforms so you become immersed in each space as you traverse the levels.
“The four-storey staircase is the centrepiece of our commitment to a new openness, and a real willingness to seed spontaneous encounters.
“Plenty of serendipitous moments have already happened on the stairs, much as they do in any thriving community,” explains Ms Eckersley.
"PwC’s new spaces are anchored in advanced technology designed to enhance the client experience.
"For instance, running vertically through all four floors is an interactive ‘waterfall’ – a moving graphic touch screen with a cascading stream of digital insights enabling clients to find out more information about PwC experts, strategies and projects.
"Clients are also assisted by ‘Media Fountains’ on each level, interactive digital directories providing information on rooms and facilities within PwC, opportunities to participate in polls as well as amenities in the surrounding Barangaroo area.
“The level of technology embedded into these client spaces is unsurpassed.
<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/2017/07/04/image005-3.jpg" alt="">
“From impressive interactive screens, to clever tech enabled furniture designed specifically for this project, the idea was to use technology has an enhancement to the overall experience of doing business with PwC.
“What PwC has achieved with the new approach to client spaces will pave the way for how businesses think about their client relationship dynamic.
“Since technology now allows us to work from anywhere, the importance of physical spaces and their role in fostering relationships and collaboration has only increased.
“It will be the organisations, like PwC, that understand and can leverage this that will succeed into the future."
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Futurespace designs PwC’s new Barangaroo office space

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An iconic Cambooya, Queensland commercial property has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-qld-cambooya-502406186" target="_blank">61 Eton Street</a>, The Bull &amp; Barley Inn is 19 kilometres from Toowoomba.
It changed hands several times in the last 12 years -- in 2008 for $800,000 and for $750,000 in 2006, according to Corelogic RP Data.
The current sale campaign was through expressions of interest closing June 23.
Built in 1902, the property offers an authentic old-world dining experience. It has undergone recent renovations including a new roof, rewiring and upgraded plumbing.
The property can seat 70 people with facilities including main bar, games room, restaurant and outdoor dining.
It also has accommodation for seven people plus manager.
Sitting on a block of 1,406 sqm land, there is an adjoining vacant allotment of 2999 sqm that will also be included in the sale.
The adjacent land block can be developed subject to council approval.
The listing agent is Colliers International's Troy Anderson.
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Iconic Cambooya restaurant, The Bull & Barley Inn, listed for sale

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A tenanted industrial property in the Melbourne suburb of Eltham has sold for $582,000 on an indicative 4.4 percent return at auction.
The property at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-eltham-502425346" target="_blank">6/38 Bridge Street</a> is in a business precinct of Eltham with many of Australia’s major big box and branded traders located nearby.
Unit 6 is one of nine boutique showroom-warehouse buildings in a strata-titled development located on the corner of Bridge and Susan Streets, said selling agent Gray Johnson's Scott Ashby. 
Smaller commercial property investments that meet the needs of a private investor or a smaller superannuation fund are well sought in the auction market, according to the selling agent.
The unit has a building area of 230 sqm and is part-showroom and reception area, with a warehouse space at the back.
The tenant, a Pack &amp; Send franchisee, has occupied the property for some years, and currently holds a three-year lease with a passing annual rental of $26,100. There is the option to renew the lease for another three years.
All the usual outgoings are met by the tenant and there are annual rental increases fixed at the CPI plus one percent, so future rental income growth will flow to the purchaser.
“With prominent exposure, a position in a vital commercial precinct of Eltham’s main business area, with a sound lease covenant, I was anticipating interest at auction would see a sale price in excess of the reserve,” Ashby said.
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Small office-warehouse in Melbourne's Eltham sells at 4% return

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Auto accessories and parts firm Autobarn is on the lookout for sites with high visibility as it seeks to grow its network of stores across Australia.
The company has 121 stores across the country and has set a growth target of 200 stores in five years, it said in a media release.
The Australian company said it was seeking high-profile roadside locations at existing retail locations or greenfield sites, and is open to specific terms for each lease with every Autobarn franchise or a company-owned store. 
The company recently launched new stores in Canberra and Sydney.
Earlier this year, Autobarn also secured a showroom at the Millers Junction precinct in Altona North for $2.36 million.
Autobarn says its stores range from 500 sqm to 1,500 sqm, and size flexibility is a key point property owners and retail site developers can play on.
The company differentiates from competitors in that motorists can also have selected “parts and accessories fitted quickly and easily at each location, without the need for a full automotive workshop”.
In its pitch, the automotive retailer said property owners would only benefit from leasing out their premises to a brand like Autobarn.
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Auto parts retailer Autobarn shopping for stores

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Work on the tallest engineered timber office building in the world, in Brisbane, was launched with much fanfare with the Acting Premier and Minister for Infrastructure and Planning Jackie Trad joining the show. 
Listed property group Lendlease’s first engineered timber office building in Queensland, 25 King (earlier 5 King), was acquired by Impact Investment Group (IIG) earlier this year, its second commercial building acquisition in the $2.9 billion Brisbane Showgrounds redevelopment.
The nearly 45 metre tower will have ground floor retail plus nine storeys, and has been designed by architect Bates Smart. It will become the future home of engineering firm Aurecon.
It is being built using a revolutionary building timber technology called cross laminated timber (CLT) and glulum (glue laminated timber) which has a structural strength akin to traditional concrete and steel.
CLT has a much lower carbon footprint than other building materials, the production process produces zero waste, and timbers are sourced from certified sustainably managed forests, according to a media release.
The tower, when completed in late 2018, will have controlled lighting, heating and cooling from a single interface, and large glass areas will maximise natural daylight.
Lendlease is building the asset and will work with its partners to lease the nearly 7,900 sqm of remaining office space.
Lendlease managing director, Urban Regeneration, Mark Menhinnitt said the company was focused on delivering the next generation of sustainable workplaces with state-of-the-art technology in Queensland.
“25 King is set to become the tallest and largest engineered timber office building in the world which is a wonderful achievement for the Brisbane Showgrounds precinct.
It will be Lendlease’s fifth engineered timber building in Australia and joins International House Sydney, Forte Apartments and Library at The Dock in Melbourne, and Jordan Springs Community Hub in Western Sydney.
Acting Premier Jackie Trad said 25 King was breaking new ground in its use of structural timber in a building of its type and size.
“This is a great example of the type of development we’ll be seeing more of in the future, and it puts Queensland at forefront of cutting edge sustainable construction practices,” she said.
The tower will larget a 6 Star Green Star Design and As Built v1.1 and a NABERS Energy 5 Star rating.
Chris Lock, CEO, Impact Investment Group said 25 King is a great demonstration of how IIG invests in property.
“We look for property investments with excellent potential for environmental sustainability; where we can fund best-in-class construction, or actively manage existing properties to drive energy efficiency and very positive social outcomes.”
 
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Construction starts on world’s tallest engineered timber office building in Brisbane

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An office space on the fringe of the Tweed Heads CBD in far north coast NSW has been leased by Ray White Commercial.
The nearly 52 sqm space at <a href="https://www.raywhite.com/nsw/tweed-heads/1604406/?lang=en" target="_blank">3/28 Recreation Street</a> was leased to Changing Homes Australia by Darren Jones of Ray White Commercial GC South on behalf of a private owner.
The property has been leased for one year at a net rental of $14,872 per annum.
“This was an appealing office suite in a popular and well-presented complex,” Jones said.
The property recently underwent a makeover. The tenancy has a glass front reception area, work space and a storage area.
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Office space in Tweed Heads leased

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A waterfront property in Melbourne’s Williamstown with a permit for an additional townhouse permit has sold under the hammer for $1.94 million.
It sold on a sharp yield of 3.1 percent.
The <a href="https://www.realcommercial.com.au/property-retail-vic-williamstown-502370562" target="_blank">227 Nelson Place</a> property comprises a two-level building with a ground floor retail space and a two-bedroom residence, and an approved permit for an additional three-level luxury townhouse at the rear.
The winning bid was well over expectations, indicating the keen interest in inner-city locations. 
The 183 sqm property was sold with leases to two longstanding tenants, returning $60,349 per annum plus GST. It is zoned Commercial 1.
The selling agents were James Lockwood and David Bourke of Fitzroys, along with James Gregson and Michael Ryan of Allard Shelton.
Lockwood said the property was well suited for investment due to its inner-city location.
“The property is located in a superb waterfront position opposite Williamstown marina, providing city and water views, in a superb retail and lifestyle precinct,” he said.
Lockwood also said the $450 million Waterline apartment and townhouse development by AVJennings will bring an extra 2,000 residents to the immediate area, and should trigger further similar developments that would further improve the strong existing retail conditions for the Williamstown area.
 
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