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 site of one of only two licensed brothels in Cairns has been listed for sale.
The property at <a href="https://www.raywhite.com/qld/cairns/1680079/" target="_blank">7 Owen Close, Portsmith</a> is being offered for sale via an expressions of interest campaign closing July 13 through Ray White Commercial.
The freehold building on a land area of nearly 2,095 sqm land area has potential for redevelopment subject to council approval.
Listing agent Scott Green of Ray White Commercial Cairns said the property is close to Cairns CBD.
“The existing large, residential style building of approximately 430 sqm has previously been utilised as a brothel and can continue trading within this use under the Cairns Town Plan,” he said.
The building has a reception, office, eight rooms, store room, laundry and double garage. 
It also has an external concrete driveway with parking spaces and high metal security fencing.
Green said the building is situated on a level allotment with the balance of approximately 50 per cent of the land ready for future development.
“Town planning advice suggests there is good planning grounds to provide support for a material change of use for a range of industrial uses,” he said.
The site is close to public transport, the Cairns Port and shops.
It last traded for $500,000 in 2003, according to RP Data.
 
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jonathanchancellor-7SQnKwU6yx

Former brothel site for sale in Cairns

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Japanese beauty and retail group AUBE is opening its first Australian store in Sydney, bringing its unique brand of Japanese style and hospitality.
AUBE has secured a 75 sqm retail space on the ground floor of 28 Market Street, Sydney, the heritage building between Clarence Street and Kent Street.
The property was leased off market by Ray White Commercial South Sydney’s John Skufris on behalf of Samka Pty Limited.
The tenant was represented by Tamaki Terada from Starts International.
The lease term is five years and the commencing gross rental is $100,000 per annum.
"The property offers excellent pedestrian traffic between Queen Victoria Building to Cockle Bay where many Sydneysiders have commuted this month for Vivid,” Mr Skufris said.
AUBE Hair group operates 110 beauty hair salons in Japan as well as many overseas, offering its customers the latest equipment, treatments and state-of-the-art techniques.
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j.ballantyne1990-6AQqhLzZaK

AUBE opens first Australian salon

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The Melbourne Theosophical Society has listed its Melbourne CBD building its held for 45 years.
It is expected to fetch around $20 million through Savills agent Nick Peden, Clinton Baxter and Benson Zhou.
MTS paid $180,000 for 124-130 Russell Street in 1972, opposite the QT Hotel.
The five level retail and office building totals 2591 sqm on a 519 sqm site with nearly 22 metres of frontage to Russell Street and second frontage to Melbourne Place.
Peden said it reflects one of the best CBD purchase opportunities in 2017.
"Opportunities like this simply do not come up very often," Peden said.
"The fact that the building has been held for nearly 50 years is testament to that."
He said while the property was fully leased to a number of tenants on short term agreements, it offered significant upside as it is with the current very low net rental representing massive growth potential.
"The property has extraordinary upside from a rental point of view alone without taking into consideration its many other attributes."
Savills agent Clinton Baxter said one of the property’s key selling points was its potential value to a range of purchasers to occupy, redevelop, refurbish, subdivide, value-add or simply invest.
"The property will be attractive to a wide cross section of buyers from around Australia and internationally, particularly from Asia, not simply because of its exceptional east end CBD location and strong growth prospects, but also due to its potential to suit a number of different buyer options."
 
 
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jrobinson-rf4aSBido9

Melbourne Theosophical Society lists its Russell Street building

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Submissions for the annual REA Excellence Awards, featuring 22 awards across three categories, close 30 June.
The awards, to be held Thursday 16 November, consist of three categories: Innovation, Service and Marketing Excellence and Community.
Judges include Chris Gray, host of Your Property Empire, Greg Dickason, EGM Real Estate and Partnerships – Australia, CoreLogic RP Data and Tim McKibbin, Chief Executive Officer, Real Estate Institute of New South Wales amongst others.
The award categories each customer group can enter include:
<ul>
<li>Residential Real Estate Agents &amp; Property Managers</li>
<li>Commercial Real Estate Agents</li>
<li>Developers, Home Builders and Project Marketers.</li>
<li>Media Agencies and Clients</li>
</ul>
Some of the judging criteria for awards for commercial real estate agents are below.
<a href="https://www.propertyobserver.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.31.29%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.31.29%20AM.png" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.32.30%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.32.30%20AM.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.33.39%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/07/Screen%20Shot%202017-06-07%20at%2011.33.39%20AM.png" alt="">
 
2016 winners included Laing + Simmons, who won the award for Game Changer of the Year - Residential after building a Virtual Reality platform. 
Developer Office Hub won the Excellence in Customer Service Award - Commercial as well as the Game Changer of the Year - Commercial.
GardenHill by Beulah International won Game Changer of the Year - Developer.
Amity Property Group won Excellence in Customer Service Award - Developer 
Burgess Rawson won Brand Campaign of the Year - Commercial. According to REA, Burgess Rawson won the award for transitioning from more traditional media channels to utilizing a cutting-edge realcommercial.com.au digital product to help build their brand online and stand out from the crowd.
<div class="award_name">Ray White Double Bay won the New Home Marketing Campaign of the Year Award - Developer for their work on The Gordon. REA said the Uniting Church of Australia owned a derelict car park in Paddington that was to be turned into residential property, The Gordon and through the execution of an integrated marketing campaign, there were over 450 qualified pre-registrations that resulted in all 19 apartments being sold in 19 minutes, totalling $26 million.
</div>
Capitol Grand by LK Property Group won Brand Campaign of the Year - Developer
CBRE Melbourne won Campaign of the Year Award - Commercial
For more information, <a href="https://theareas.com.au" target="_blank">click here</a>.
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Submissions for the annual REA Excellence Awards close 30 June

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A tenanted property with potential for development in Melbourne’s university precinct has been listed for sale.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-melbourne-502375906" target="_blank">478 &amp; 480-488 Elizabeth Street</a> site is to be sold subject to a current planning permit application for a 68-level retail, residential and hotel tower.
The site is being marketed by commercial property group CBRE’s Josh Rutman, Mark Wizel and Lewis Tong.
Offers recently closed with no indications of a sale yet although expectations are for above $30 million.
The combined landholding is 1,172 sqm and the floor area is 2,601 sqm.
<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/2017/06/06/MelbournDevSite1.jpg" alt="">
The property benefits from its location on the CBD's education and medical precincts, amongst the retail core and the Queen Victoria Market, with Melbourne Central Station closely.
The site has frontage to Elizabeth Street.
The site offers significant existing improvements with refurbishment potential for office, residential and/or office uses (STPA).
 
 
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Site with development potential in Melbourne's university precinct up for sale 

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A standalone commercial site with a three-bedroom residence at Scoresby in Melbourne’s eastern suburbs has sold for $521,000 post-auction.
The <a href="https://www.realcommercial.com.au/property-retail-vic-scoresby-502364050" target="_blank">11-13 Cavell Street</a> vacant property was snapped up by a local investor.
It last traded for $75,000 in 1996, according to RP Data.
The property has total land area of approximately 376 sqm and is zoned Commercial 1.
The selling agent was George Kelepouris of Ray White Commercial.
Kelepouris said the building with a ground floor retail/office space was offered for sale at an onsite auction.
“The auction attracted four bidders and the property was sold shortly after the auction to one of the bidders,” he said.
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Scoresby commercial property sold for $521,000

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SPONSORED POST
It comes as no surprise that Australians are spending more time online than ever before. But as technology becomes even more entrenched in everyday life, how and where are we spending that time?
Recent data shows our web habits are changing rapidly as our devices become faster and smarter, with print readerships now in significant decline and more consumers looking to digital as their first source of news and information. And nowhere is this more apparent than in the commercial property space.
Online explosion
Global information firm Nielsen, in its latest Digital Landscape Report, reveals the average Aussie user spent a whopping 72 hours surfing the web in January. That's a whole three days online per person, with an astounding 19.7 million Australians actively surfing online.
“Consumers are increasingly connected online, both in and out of the home,' says Nielsen consumer insights associate director Kate Kopczynski. “Whether they are grocery shopping, watching sport, studying, commuting to work or connecting with friends — these are no longer purely offline experiences.”
Commercial property at the forefront
Nowhere is the online medium's growing dominance better illustrated than on realcommercial.com.au, which has recorded staggering year-on-year growth in the number of users on phones and tablets. People used a phone 997,000 times to access listings on realcommercial.com.au in March this year – a 144 percent year-on-year increase – while more than 218,000 users accessed realcommercial.com.au on a tablet – a 56 percent jump on March last year.
Mobile phones now make up 42 percent of realcommercial.com.au visits alone, and this stunning growth is set to gain further pace as print readerships continue to fall away.
The way of the future
The pace of Australia's digital transformation is such that the landscape is now barely recognisable from where it was just a few years ago. Today, the latest advancements in the commercial property space are centered on technology that knows buyers and consumers better than they know themselves.
Gone are days of sifting through hundreds of properties in a newspaper or online – now it's less about consumers finding the right listings and more about the right listings finding consumers.
This type of 'artificial intelligence', new to the commercial property industry, is designed to put buyers' and sellers' eyes on more of the properties they're interested in, and will forever redefine what it means to list a commercial property online. Watch this space for two exciting <a href="https://www.realcommercial.com.au" target="_blank">realcommercial.com.au</a> products set to change the way we market commercial property.
For more information, <a href="https://www.realcommercial.com.au" target="_blank">click here</a>. 
ABOUT REALCOMMERCIAL.COM.AU: realcommercial.com.au is the leading website in Australia for commercial property, attracting an average of 1.7 million visitors a month (Source: Nielsen Online Market Intelligence, Total Traffic, average calculation May-July 2015, includes app traffic from Omniture Site Catalyst as Nielsen doesn’t report on app). It is owned and operated by realestate.com.au Pty Ltd, a subsidiary of ASX-listed REA Group Limited ACN 068 349 066 (ASX:REA).
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jchancellor-FAypfDUnLy

What is the way of the future for commercial property?

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The historic Grand Hotel Melbourne has been officially rebranded as a Quest property, as the group targets more business travellers. 
The 33 Spencer Street property offers business and leisure travellers 95 studio, one and two-bedroom apartment style accommodation options along with 4.5 star comforts.
The heritage-listed property was originally built in the 1880s as the Victorian Railways Administration offices, due to its proximity to Spencer Street and Flinders Street Stations.
The building in Melbourne’s CBD was acquired in the early 1990s and converted into a luxury hotel.
Quest Apartment Hotels group CEO Zed Sanjana said the hotel is a “great asset to the Quest network”.
He said the property strong appeals to Quest’s core target customer, the extended stay business traveller.
The Melbourne icon has been cleverly transformed, and caters to the accommodation needs of short or long stay business travellers, he added.
“The prime location on the corner of Spencer and Flinders Streets positions Quest Grand Hotel Melbourne very favourably for business travellers to Melbourne’s CBD.”
Beyond its majestic façade, the building offers top quality amenities, a unique spaciousness and an ambience of grandeur attributable to the Victorian era.
Guest facilities at Quest Grand Hotel Melbourne include an on-site restaurant and bar, valet parking, indoor swimming pool, spa, gym, outdoor BBQ and garden area, and a meeting room facility for up to 50 delegates.
Quest Grand Hotel Melbourne is Quest’s eighth property in Melbourne’s CBD and the 54th Quest property in Victoria.
The Melbourne Convention and Exhibition Centre, Crown Entertainment Complex, Docklands and Melbourne’s legal and finance precincts are all close to the hotel.
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Quest rebrand initiates next chapter for the historic Grand Hotel Melbourne

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A two level, mixed use commercial property in Oakleigh South has sold under the hammer for $641,000.
The property at 676 Warrigal Road includes approximately 187 square metres of building space and about 60 square metres of retail or office area.
Paul Rizzo of Ray White Commercial Oakleigh said the property had redevelopment potential and was sold to a local owner-occupier on behalf of a local investor.
“This rare standalone property with commercial 1 Zoning on a land area of approximately 259 square metres offers the opportunity to renovate, occupy, develop or invest,” he said.
“There were three main bidders and the successful purchaser happens to be local developer.”
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Oakleigh South retail property sold for $641,000

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Developer Mirvac has held a Topping Off ceremony to celebrate the completion of structural works at their office development in Docklands.
Mirvac’s 664 Collins Street building is slated for completion in 2018.
664 Collins Street is final stage of the Southern Cross Station complex.
Simon Healy, Mirvac’s general manager of commercial development said 664 Collins will feature innovative smart technology, allowing us to better understand the building’s utilisation, collecting real-time data to improve efficiency and effectiveness.
“The Topping Off ceremony today acknowledges a successful collaboration between partners, tenants and stakeholders in the ongoing delivery of 664 Collins, and I would like to take this opportunity to thank them for being involved in creating this unique building," he said.
 “Focusing on tenant experience, we’re creating connectivity throughout the building; developing adaptive and intuitive workplaces."
Tenants include Pitcher Partners and ExxonMobil.
John Brazzale, managing partner, Pitcher Partners, said the fantastic location, large expansive floor plates and the innovative workplace technology integrated at 664 Collins make it a truly outstanding office building.
“Sitting at the nexus of Melbourne CBD’s major transport hub, allowing easy access to adjacent amenity, the building is a vibrant, connected environment that will enable us to move to the next level of client service and allow us to create an exceptional workplace for our staff,” he 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/2017/05/23/664%20Collins%20Street_Topping%20off_2.jpg" alt="">
Damon Van Horne, associate principal, Grimshaw Architects said, working closely with Mirvac, has allowed them to create a highly flexible building offering exceptional workspace, excellent amenity and leading workplace technology.
“Our partnership with Mirvac builds on the success of their landmark 699 Bourke Street office building, also designed by Grimshaw in collaboration with Mirvac.”
Pitcher Partners has pre-committed to over 9,000 square metres over 3.5 levels with a 12 year lease.
ExxonMobil has pre-committed to 7,100 square metres across three levels, bringing the total area pre-leased to over 60 per cent.
664 Collins Street is targeting a 5 Star Green Star Design and 5 Star NABERS Energy rating.
<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/2017/05/23/664%20Collins%20Street_Topping%20off_3.jpg" alt="">
For more information please visit <a href="https://bourkeandcollins.mirvac.com/664-collins.htm" target="_blank">https://bourkeandcollins.mirvac.com/664-collins.htm</a>
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