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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Specialist leasing agency Cadigal has formed a joint venture partnership with flexible workspace marketplace Rubberdesk.
The duo have announced that Cadigal will provide professional real estate expertise and access to industry relationships with Rubberdesk delivering advanced marketplace technology and an experienced customer care team.
Cadigal has also invested in the Rubberdesk business acquiring a stake in the proptech company and cementing its commitment to technology in the rapidly growing flexible and coworking space market.
“Our national partnership with Rubberdesk enables Cadigal to remain focussed on direct leasing activities, while supporting Rubberdesk’s growth in the flexible space marketplace. We will benefit from the learnings and insights derived from the flexible space market. This brings us closer to growing businesses that will seek to directly lease space in the future,” Mr Mark Tindale, Director of Cadigal said.
“The major coworking operators have delivered on pent-up demand for flexible office space. Led by WeWork and a cohort of other providers, they have successfully introduced a new look and feel for next generation office space with shared services and a sense of community. Customer service has also been elevated to a new level, with concierge staff and regular event programming” Mr Tindale said.
Rubberdesk’s Australian flexible workspace market currently has an estimated 106,000 square metres of available office space, representing 4.8 per cent of the nation’s total vacant office space.
Rubberdesk tripled its listings last year with bookings growing by 650 per cent during the same period. It currently has some 2,500 listings Australia-wide and exclusively powers www.commercialrealestate.com.au’s coworking platform.
“Rubberdesk is really the Airbnb of flexible office space, providing a full service online platform for organisations to list spare space and for businesses to find it. Our success has been driven by a combination of tightly-held office markets and a groundswell of businesses seeking quality premises on flexible terms. Rubberdesk is the only flex space platform to manage payments and licence agreements where needed, making the whole process easy,” said Mr Jim Groves, co-founder and CEO of Rubberdesk.
According to Mr Groves, Rubberdesk‘s clients include private businesses with surplus office space as well as major global and domestic coworking operators such as WeWork, Hub Australia and Workspace 365.
Rubberdesk’s customers include major corporates looking for off-site locations for special projects, growing businesses looking for flexibility, and freelancers looking to connect into a workplace community. 
Three quarters of Rubberdesk bookings are for private offices where the average occupancy is for six people. Rates vary based on location and provider, with the national average $741 per person per month and Sydney CBD rates at around $941 per person per month.
Flexible space and coworking currently represents around three per cent of commercial office stock nationally, and the due expects this to increase towards seven per cent over the coming years.
 
 
 
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wdavis-8cCN98p7xp

Cadigan and Rubberdesk form joint venture partnership

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An industrial investment property in Sunshine West has sold for $1,610,000.
This represents a building rate of $1,389.13, and a yield of 5.46%.
Comprising a total building area of 1,159 square metres, with a 220 square metre ground and first floor office component, this corner property benefits from a large front hardstand area ideal for loading and unloading capabilities and a fully secure and gated entrance.
The building is situated on 1,948 square metres of industrial 3 zoned land.
Positioned on the corner of Vella Drive and Grace Court, the holding provides access to the Western Ring Road, Somerville Road, Boundary Road, Fairbairn Road and is only 15kms to the Melbourne CBD.
It is currently leased to Empire Red Event Solutions, who are returning $87,975 per annum net on a 3-year lease.
The property was listed by Daniel Philip and Leo Mancino of CVA.
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Sunshine West industrial property sells for $1.6 million

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An industrial property in Brisbane, put on the market for the first time in 30 years, has been snapped up before it had a chance to go to auction. 
The multi-tenanted investment at 7 Shettleston Street in Rocklea, 10 kilometres from the CBD, was sold two days prior to a scheduled auction for $3.325 million.
The deal was negotiated by joint agents Lachlan Hateley and David Knox of Knight Frank and Paul Flego of Raine and Horne Commercial Brisbane Southside. 
The 4,248 square metre property, which has a net lettable area of 2,576 square metres, is fully tenanted.
The anchor tenant is GPC Asia Pacific (owners of Repco), backed by a Fortune 500 company, Genuine Parts Company (NYSE:GPC). Other tenants include Gleemans Truck Parts and Superior Wheels. 
The sale reflected a yield of 7.95%. 
Mr Hateley said the vendor had held the property since 1988 due to the strength of the investment, and prior to the property hitting the market, buyer demand was expected to be strong. 
“Going into the campaign we expected significant interest, and this came to fruition, with 35 enquiries received and 15 parties inspecting the property before the deal was done,” he added. 
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Industrial property in Brisbane Rocklea snapped up pre-auction

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My Muscle Chef will move into a new headquarters at Quarry Industrial Estate in Greystanes in Sydney’s central west.
The meal-delivery service has signed a long-term lease with Dexus for the 1,709 square metre site at 4 Bellevue Circuit, Greystanes.
CBRE’s Matthew Alessi, John Micallef, Janet Joljian and Moshe Greengarten assisted in introducing My Muscle Chef.
“The strategic location and building’s premium features provided strong corporate appeal in attracting My Muscle Chef to the estate,” Mr Alessi said.
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My Muscle Chef moves to new Greystanes headquarters

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EG, an Australia-based real estate fund manager, has secured an industrial facility in Belrose for $18.09 million.
The modern high clearance complex, at 22 Narabang Way, comprises approximately 4,806 square metres GLA and is currently fully leased to six tenants.
“This acquisition offers EG’s client’s ownership in a new wholesale investment vehicle providing initial distributions in excess of 7.25%, with potential for capital growth from a high-quality industrial investment located in the heavily land constrained Northern Beaches industrial market,” said Sean Fleming, Associate Director, Capital Transactions.
The acquisition signifies the launch of the Belrose Investment Trust, which the company describe as “a bespoke opportunity for wholesale investors.”
The property was acquired on a net passing yield of 5.72%, and the transaction was brokered off-market by Vincent West from Upstate Commercial.
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EG purchase fully leased Belrose industrial facility for $18 million

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A currently-vacant Northbridge shopfront and office block has come onto the market for the first time in almost a decade.
Located at 146 Sailors Bay Road, the land parcel comprises of 234 square metres.
The building, which operated as Di Jones Northbridge, features 160 square metres across two levels (85 square metres on the ground floor and 75 square metres on the first floor).
There are three bathrooms.
Layout can be changed to divided the listing and provide separate first floor access.
There is also parking for five cars at the rear.
It previously sold in 2011 for $1,325,000.
Paul Hunter, from JLL Sydney, listed the property.
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j.ballantyne1990-6AQqhLzZaK

Vacated Di Jones Northbridge office listed for sale

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A low-site-coverage commercial property, near south-east Melbourne’s arterial road network, has sold for $5,700,000.
Logistics firm Ladher Express purchased the site at 46-62 Fowler Road, Dandenong South.
The site comprises of 26,080 square metres, and features a 2,190 square metre warehouse building.
CBRE’s Lachlan Ferguson and Ned Murphy managed the off-market sale.
“The site’s access to major arterials, namely the South Gippsland Highway, M1 and Dandenong Bypass,was a driving factor in this off-market acquisition,” Mr Ferguson said.
“There is currently an under supply of low-site-coverage assets in Melbourne’s south-east, and tenants and owner occupiers are prepared to pay a premium for this type of asset.”
The property previously traded in 2015, when it sold for $2,500,000.
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Ladher Express make off market Dandenong South warehouse purchase

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An owner-occupier has secured a vacant industrial unit in the Moreton Bay Region of Caboolture for $345,000.
The 194 square metre strata unit, is situated at 1/1 Lear Jet Drive, on the Corporate Park Estate.
Ray White Commercial Northern Corridor Group Principal Chris Massie said it was one of the more hotly contested auctions of the year for the office. “We had 20 genuine enquiries and 10 inspections and that resulted in having eight registered bidders on the day, some of whom hadn’t even inspected previously,” Mr Massie said. “Bidding started at $200,000, and after more than 30 bids from five different bidders the hammer fell, selling well over reserve at $345,000. Ray White Commercial Northern Corridor Group Sales and Leasing Executive Aaron Canavan said the sale provided more evidence of a growing trend in increasing appetite for vacant properties with good features.
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Caboolture industrial unit sells for $345,000

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Wohr Parking Systems, a Melbourne-based mechanical contractor, has relocated from Mount Waverley to a new base in Dandenong South’s prestigious Logis Estate. 
The company, which specialises in efficient vehicle storage solutions, has signed on to move into the 1,363 square metre property at 13 Crompton Way, Dandenong South. 
CBRE’s Lachlan Ferguson and Steven Salopek from Knight Frank secured the four-year lease at an annual rental of $95 per square metre on behalf of the site’s long-term owner. 
“We’re seeing an increase in tenants relocating from Melbourne’s eastern markets in search of functional buildings and affordable rents,” Mr Ferguson said. 
“In this case, it is a move from Mount Waverley to Dandenong South, saving $35 per sqm for their ideal building.” 
Dandenong South is 31 km south-east of Melbourne's central business district.
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Wohr Parking Systems relocate headquarters to Dandenong South

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Managing Director of CostaFox Developments, Michael Fox, has confirmed that the company has sold its new Cremorne office building pre-construction for a record $50 million.
The property, at 1-11 Gordon Street, was bought by Bayley Stuart Capital.
The 5,000 square metre building, designed by Fieldwork Architects, was set to be released to the market as 21 Strata offices, however Fox said “after our initial marketing teaser” we were approached by an investor who purchased the building as a whole.
The sale represents $10,000 per square metre, which Fox believes is a record for a vacant inner suburban office building.
The buyer will fund the construction and take on all the leasing risk.
Development Director of CostaFox Geno Hubay said "the striking design and cutting edge development according to Hubay by Fieldwork Architects, with interiors by Mim Design, was the key to the record sale price.
The heritage listed façade will be retained with a contemporary full glass curtain wall building above including a ground floor retail offering.
Fox also said that they had purchased another site in Gordon Street and were preparing plans for another 5,000 square metre Strata office building, the site of 974 square metre was recently purchased for $11.5 million.
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