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 recently listed investment property along the Sydenham to Bankstown rail corridor may benefit from NSW government plans for urban renewal.
The 667 square metre corner site at 47-51 Unwin Bridge Road has been identified for Main Street Shop Top Housing under the draft system.
It permits ground floor retail and up to five levels of residential above.
Richardson &amp; Wrench Pyrmont/Glebe are handling the marketing.
Principal Nick Countouris said the site could have potential for up to 28 apartments when rezoned.
“The current zoning is B1 Neighbourhood and what you see is what you get,” said Countouris.
“The draft strategy has substantial upside giving an investor or developer comfort to know they are buying an asset with strong income and great tenants, all while awaiting gazettal of the strategy, and without having to submit a planning proposal.”
The property is currently leased until 2020 to Pacific Brands with a Bonds Factory Outlet on the ground level and to the School of Self Defence on the floor above with options to 2025, returning income of $202,000 per annum.
<img src="/images/2016/11/01/unwins%20aerial.jpg" alt="">
The government’s Sydenham to Bankstown Urban Renewal Corridor strategy aims to create more housing, jobs and infrastructure around the 11 stations on the Sydenham to Bankstown line which will be converted to a Metro line by 2024.
Under the plan residential and mixed use developments would be allowed within 400 metres of the stations, resulting in densification that would generate an additional 36,000 dwellings.
Countouris said since the release of the strategy in October last year there had been intense interest in opportunities along the growth corridor.
“There have been very few sites put to the market since the release of the draft strategy and those that do are generally bought under fierce competition,” he said.
The vendor will be looking for a price in the high $3 millions when the property goes to auction on November 24.
The site is just 140 metres from Sydenham rail station and five kilomotres south of the Sydney CBD.
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j.ballantyne1990-6AQqhLzZaK

Prominent Sydenham investment property with redevelopment potential

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Retail space is for sale for $799,000 in The Boehm development in Adelaide's CBD.
It is a premium ground floor retail/office space of 50 square metres.
<a href="https://www.realcommercial.com.au/property-retail-sa-adelaide-502142994" target="_blank">Lot 02, 150 Wright Street</a> is situated in the front north-west corner with modern floor to ceiling glass, dual access and stunning views that overlook the lush green park.
The new residential building markets itself as having state of the art facilities.
The Boehm offering is through Lin Andrews Real Estate agent Karen Andrews.
<img src="/images/2016/10/17/Lot%2002.jpg" alt="">
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Retail space on offer in Adelaide's The Boehm development

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GUEST OBSERVER
When it comes to investment in infrastructure, there’s no question that the NSW Government has work to do. Decades of under-investment in critical services has left a gaping hole, but recent State Budgets have at last announced substantial plans and funding for road, motorways and even more importantly, better public transport.
It’s good news for property as well.  
Infrastructure is vital to economic development and prosperity. Because it comprises the essential services that underpin growth, its development contributes substantially to employment, productivity and competitiveness.
It’s also a very good thing for property markets. Infrastructure upgrades usually result in strong demand in local markets, because property investors will pay more for locations with good infrastructure, or with infrastructure developments in the pipeline.  Transport infrastructure, in particular, both rail and road, makes areas more accessible, and therefore more attractive. This in turn pushes rental growth and occupancy levels in local commercial sectors.
At the same time, infrastructure projects are generally targeted at high growth areas, so this can be used by property developers and builders to estimate employment growth. They boost the local economy by creating new jobs and attracting more people to a precinct, which in turn leads to other, indirect benefits, such as increased consumer spending and the social benefits associated with community development.
According to the <a href="https://www.nsw.gov.au/nsw-regional-infrastructure" target="_blank">NSW Government</a> $20 billion is now being spent rebuilding NSW, and funding to some of the more critical projects has been accelerated. These include the Sydney Metro (City and South-west), the Parramatta Light Rail, Regional Road Freight Corridor and the Western Harbour Tunnel. A new underground railway station at the Barangaroo development in Sydney has also been announced.  In Sydney city, Stage 1 of the Sydney Metro is the $8.3 billion Sydney Metro Northwest is set to open in 2019. Stage 2, extending metro rail under Sydney Harbour and through the CBD is expected to be open by 2024.
For investors seeking to identify areas likely to grow more quickly than others, an understanding of where infrastructure development will be focused is key. Because the effect can be dramatic.  
In 2000, Centuria purchased two properties in Waterloo Road and Byfield Street in Macquarie Park, for $24 million. At that time, there was little infrastructure in the area, and public transport links in particular were poor. Centuria took the view that the area would benefit from planned infrastructure developments, including the Chatswood to Epping Rail Link and the expansion of the Macquarie Centre, both of which were completed. The Macquarie Park office precinct is now larger than the North Sydney office precinct, and there has been an ensuing strong demand for space.
In 2016, Centuria sold the properties for $101 million providing investors with a fivefold increase on their investment and an internal rate of return of over 20% - a significant total return given the sixteen-year life of the fund.
Chatswood is another example of a precinct set to benefit from improved infrastructure and transport links. Sydney’s North Shore office market is already a strongly performing market and in our view is set to perform more strongly still in the coming years. Commercial office space is being withdrawn for residential conversion, which is reducing supply while pushing rents up and vacancy rates down. We believe that the Metro currently under construction will continue to drive above trend growth over the longer term.    
In May of this year, we partnered with global investment manager BlackRock to purchase the best office building in Chatswood -  the Zenith office complex for $280 million. Our 50% stake is held in the unlisted Centuria Zenith Fund, and our forecast is for a 7.6 percent income return in the first year, increasing to 7.7 percent in the 2018 financial year. As for total returns over the life of the fund, we are confident that active management of the property by our specialist asset management team, which includes $30 million in capital expenditure to make the property best in class will result in excellent total returns for investors over the longer term.
Regardless of research or experience, there are no sure things in investment, in property or any other asset class. However, there are themes and trends which influence returns over time. The link between infrastructure spend and the performance of property markets is one of these.
Infrastructure provides essential services that drive economic growth, employment and productivity, and property in the areas where infrastructure is well-developed, performs better than property in other areas. Given the NSW Government’s focus on infrastructure investment, investors would do well to look at areas where money is being spent, and consider the long term possibilities and outlook for commercial property there. 
Jason Huljich is chief executive officer of unlisted property funds for Centuria, and can be contacted <a href="https://centuria.com.au" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

NSW infrastructure spend boosts commercial property markets 

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Three properties in Milton owned by the proprietors of Toowong Milton Body Repairs have been sold to two buyers for a total of $9.5million in deals negotiated by JLL’s Christian Sandstrom and Sam Byrne together with Pat George and Philip O’Dwyer from Colliers International.
Two properties - 10 Crombie Street and 38 Cribb Street Milton – were sold for a combined $7.15million.
The 810sqm land parcel situated at 38 Cribb Street was sold to Hong Kong-based Golden Horse Group, the developer behind Icon Milton, a luxury 20 level apartment tower linked by landscaped sky bridges and a rooftop garden.
The property at 10 Crombie Street comprised 405sqm of land improved by a small office and warehouse building and was purchased to expand the group’s development further.
A third property also owned by Toowong Milton Body Repairs at 9 Railway Terrace was also sold to an adjoining private owner for $2.35million.
Toowong Body Repairs plan to relocate to a purpose fit building in a more traditional light industry setting.
Chris Manteit from Toowong Milton Body Repairs said, “We have operated from our Milton site for 40 years, successfully servicing the local and greater Brisbane areas. We will be sad to leave, though look to our future with excitement as we begin construction on our new ‘purpose built’ facility.  We believe this will strengthen our position in the market, and take our business to a new level.”
JLL’s Christian Sandstrom said the formal expressions of interest campaign fielded a wide range of enquiry.
“The offers for sale attracted both local and interstate groups with a particular focus from owner occupiers wanting to capitalise on the change from light industry to medium density residential and commercial development in the suburb,” he said.
“Other interested parties included private investors wanting to refurbish the buildings into alternate uses like bars, cafes and convenience retail; this is a strong reflection the area and of the diversification buyers are considering for the area.”
Located 1.5km from the CBD, Milton also has an established residential population across both low and high density development.
Milton is quickly transforming into a thriving inner-city precinct, fuelled by several mixed-use developments that are considered ‘game changers’ for the suburb – projects that will ignite the area’s population growth.
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Three Milton properties sold for $9.5million

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A vacant Brunswick East retail property has been listed for November 19 auction.
It comes with a land area of 190 sqm with a floor size of 100 sqm.
It is listed with a price guide of between $870,000 to $950,000.
The property at <a href="https://www.realcommercial.com.au/property-retail-vic-brunswick+east-502143014" target="_blank">400 Lygon Street, Brunswick East</a> (above) is approved for Commercial 1 zoning.
It has a frontage of 6.25 metres on one of Melbourne’s most tightly held retail strips.
The property offers the right of way at the rear and it includes a car park space.
This property is offered through Nelson Alexander agent David Hutchinson.
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Vacant Lygon Street, Brunswick East retail space for auction

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Merri Community Health Services has recently snapped up a substantial Coburg building for $4.075 million.
Reflecting the current strength of Melbourne’s retail investment market, CBRE in conjunction with Gross Waddell negotiated the sale of the retail and office asset.
Located at 83-91 Bell St and 491-495 Sydney Rd, Coburg, the 1,250sqm corner building is located nearby the Pentridge Prison site.
It was put to market as a value-add opportunity, with Activity Centre zoning allowing future development upside.
Merri Health Chairperson, Carlo Carli, said the recent acquisition will allow Merri Health to provide a one-stop-shop for health services in Melbourne’s northern region.
“We are planning to construct a multi-level building on the site, which will see the integration and expansion of key health services in one location, giving northern residents access to advanced health support in their community. This will provide better opportunities for our community as we anticipate further job prospects and extended service,” Mr Carli said.
The sale price translates to a yield of nearly 3.4%, with over 130 enquiries received.
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Coburg Corner sale achieves Merri result 

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A waterfront opportunity is now available with the listing of the Ocean View Hotel in one of Victoria's most popular coastal destinations.
Located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-kilcunda-502142054" target="_blank">3531-3533 Bass Highway, Kilcunda</a> the 2,256 sqm hotel is prominently positioned and tourist driven.
It is subject to a long-term lease with options to extend it further.
Set just under two hours from Melbourne’s CBD, it comprises of a public bar, bistro area, front and rear deck beer gardens.
Expressions of interest close on 17 November and it is offered through CBRE Hotels agents Will Connolly and Scott Callow.
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Kilcunda waterfront hotel, Ocean View Hotel for sale

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The Karma Chalets and Karisma Spa 7.95ha property has been listed for sale.
It comes with a floor area of 1000 sqm, located at <a href="https://www.realcommercial.com.au/property-hotel+leisure-wa-shadforth-502140894" target="_blank">1572 South Coast Highway, Shadforth</a>.
It has a provision in local zoning for further development opportunities including a potential café/wine cellar door facility, function centre and additional chalets.
Karma Chalets has been operating for over 20 years as one of the area's most renowned tourist destinations, having featured prominently in numerous WA Tourism Awards.
Karma Chalets &amp; Karisma Spa comprise of 10 chalets plus a separate manager's residence/office.
The current accommodation provides for comfortable sleeping of 34+ persons five minutes’ drive from the Denmark town centre, only ten minutes’ to the ocean.
This property is offered through Elders Real Estate Brendon Nowotny.
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Karma Chalets and Karisma Spa in Shadforth now for sale

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A 1012 square metre Surfers Paradise development has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-land+development-qld-surfers+paradise-502116966" target="_blank">9-11 Thornton Street</a> has been DA approved for either a beach hotel or a 30 storey apartment with 81 apartments.
It is close to the Northcliffe light rail, as well as being only 50 metres to the beach.
It will have ocean and beach views.
Colliers International agents Geoff Lamb and Darrell Irwin are offering the property.
<img src="/images/2016/10/03/9%20-%2011%20Thornton%20Street.jpg" alt="">
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Surfers Paradise hotel development site for sale

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An office building at Braddon, ACT is currently up for sale, just seven years after selling at $44 million.
The A-grade property at <a href="https://www.realcommercial.com.au/property-offices-act-braddon-502120266" target="_blank">82 Northbourne Avenue</a> has striking architecture on the CBD fringe of Canberra.
The seven storey building is the latest to hit the market on Northbourne Avenue.
The highly visible structure is expected to sell for about $60 million.
<img src="/images/2016/10/03/82%20Northbourne%20Avenue.jpg" alt="">
The building was designed by architects BVN and occupied by the Australian Maritime Safety Authority.
The land is 2090 square metres with a floor area of 7,001 square metres, plus it includes basement parking.
The building is offered through joint agencies Colliers International agents Tim Mutton and Paul Powderly and Raine &amp; Horne Commercial Canberra agents Nick Cotis and Frank Morella.
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