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 Grosvenor, a premium 2010 built office and retail block in the heart of Woollahra has been listed for sale. 
The three level commercial premises at <a href="https://www.realcommercial.com.au/for-sale/property-156-edgecliff-road-woollahra-nsw-2025-503375158" target="_blank">156 Edgecliff Road</a> is being offered fully leased returning around $1.06 million per annum.
Real estate agency Phillips Pantzer Donnelley anchor the building, operating from from three of the office spaces. 
Law firm Back Schwartz Vaughan have an office, as do stroller store Bugaboo Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/156%20Edgecliff%20Road%20Woollahra%202.jpg" alt="">
The ground level retail is taken by Sonoma Cafe and clothing boutique Marshmellow. 
There are seven tenancies across the 1,125 sqm net lettable area, as well as basement parking for 25 cars on the 890 sqm site.
<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/2019/10/156%20Edgecliff%20Road%20Woollahra%203.jpg" alt="">
The block is only nine years old, constructed by Built to a design by Tzannes Architects.
The property is being marketed by Colliers agents Tom Barnier and Matt Pontey, in conjunction with Felix Liv at SQM Commercial.
It last traded for $16,970,000 in 2016. 
 
 
 
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Woollahra commercial trophy The Grosvenor, home to Phillips Pantzer Donnelley, listed for sale

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The Oasis, Broadbeach, one of South East Queensland's biggest mixed-use buildings, has been listed.
The 1989 built property features 24,399 square metres of net lettable area.
It underwent substantial renovations in late 2018.
The three-level centre features 16,909 square metres of food and beverage-based retail, 7,490 square metres of commercial space, and 998 car spaces.
The property has been listed by JLL in conjunction with McVay Real Estate.
They noted the area was experiencing a significant wave of residential apartment development with nine projects totalling 1,288 apartments either approved or under construction.
Offers close November 7.
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The Oasis, Broadbeach listed for sale

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A Bunnings Warehouse, at Clyde North in Melbourne, is set to be the first Bunnings store to be sold in metropolitan Melbourne since 2015.  
Located within the City of Casey, the brand new 16,634 square metre building opened in September 2019.
It will be sold with a new 12-year lease on settlement at a net income of $1.9 million per annum with fixed annual reviews. 
The highly exposed 3.7 hectare site, on Berwick-Cranbourne Road, has four street frontages, and and parking for 372 cars.
 CBRE Director Investments, Justin Dowers who is marketing the property with Mark Wizel and Kevin Tong, said the property offered prospective purchasers a long line of investment attributes including significant tax depreciation benefits.
“This is clearly a quality property with a blue chip tenant, a brand new building and a new long term lease within one of Melbourne’s key growth areas. It would be difficult to find another property which is so quintessentially defined as a prime commercial property investment, Mr Dowers said.
According to the ABS, the City of Casey is the third fastest growing city in Victoria and the eighth fastest growing city in Australia.
Clyde North - already a well-established suburb – is forecast to see continued growth with residential building approvals over 2016/17 up 22 per cent.
The property will be sold via an international Expressions of Interest campaign closing at 5pm, Tuesday, November 12.
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Bunnings Clyde North listed for sale after recent opening

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Walker Corporation, one of Australia’s largest property developers, has partnered with two wellness operators, Wellineux and Universal Fitness at its Collins Square and Parramatta Square precincts.  
Walker Corporation will soon welcome Wellineux to its Collins Square complex in Melbourne, with plans to launch Wellineux’s new wellness studio, Mellobarre, inside the precinct next month.   
Mellobarre has been designed to provide a range of wellness programs and initiatives, including, pilates, remedial massage, hot yoga, and workshops.
About 30,000 workers and visitors come to Collins Square every day.     
At Walker Corporation’s 4 Parramatta Square development under construction in Sydney, Universal Fitness recently signed a 10 year lease.  
David Gallant, Chief Operating Officer at Walker Corporation, said: “Walker is committed to delivering a range of health and wellbeing solutions to the workforce of corporate organisations in both our Melbourne and Parramatta precincts.  
“We have listened to our tenants who are keen to see an improvement in the health and wellness standards of their staff, improving their quality of life and productivity.”
The Parramatta Square facility is expected to open in November 2019.
It will provide the latest technology and equipment, personal training, and a variety of group classes, such as zumba, pilates and yoga.  
The facility will also offer the expected 23,500 people who will be moving into Parramatta Square an experience energiser and sleeping pods, oxygen chairs, meditation rooms, along with everyday convenience services, such as laundry and health food.    
“The future of the commercial environment goes beyond sustainable development to deliver an all-encompassing holistic approach to workplace health and wellness for tenants,” Gallant said.
“This will be teamed with complementary retail and entertainment options to deliver a satisfying experience for our occupants.”
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Walker Corporation embraces wellness centres at Parramatta Square

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Humanity Place, the home of Australian Red Cross in the Park Road dining precinct in Milton, is set to come onto the market for the first time in 15 years.
Red Cross, who have owned and occupied the building since 2004, have appointed Colliers International’s in conjunction with Knight Frank, to run a national campaign closing late November.
Partner Developments’ Matthew Berg is appointed as transaction manager.
The three-level freehold property is located on a 1,902 square metre site at 49-57 Park Road in Milton, 1.2 kilometres from Brisbane CBD.
Agents expect the three-level office building to draw national interest from developers, owner occupiers and value add investors.
They say it is one of Brisbane’s best value-add buildings in the city fringe, offering holding income from Red Cross on flexible lease back terms, prime corporate exposure with potential signage income, a 1:46 square metre car parking ratio with a total of 57 basement car parking bays, as well as the mixed-use zoning with significant development upside allowing up to eight storeys (STCA).
After owning the asset for nearly 15 years, Red Cross has determined it is time to put the asset on the market with a view to redistributing funds back into the organisation to further enhance its ongoing service to the community.
“Red Cross will reinvest the funds to move to premises in Brisbane’s CBD or CBD fringe that are both more affordable to own or lease, and better suited to the needs of the people we work with,” Red Cross CEO Judy Slatyer said. 
“As community needs change, the need to operate from a particular premises changes. The sale is part of a national property masterplan that releases value from several key properties and allows us to work in locations that best serve the people who use them, from clients and volunteers to staff and partners.”
According to Colliers International research, strong tenant demand in the Milton office precinct over the first half of 2019 has resulted in record net absorption of 19,848 square metres, driving the vacancy rate down to 17.5% from a historical high of 27.9% in September 2018.
It suggests Milton is going through a major regentrification and urban renewal including the new Railway Terrace retail precinct.
There have been the recent on-market sales of fully-leased and refurbished assets at 16 Marie Street for $25.5 million and 8 Gardner Close for $25.23 million.
Milton has access to various forms of public transport, direct access to bicentennial bikeway and connectivity to north and south of the Brisbane River.
The complex features a 4.0 Stars NABERS Rating.
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Red Cross office building in Milton, Brisbane on the market

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EXPERT OBSERVER
Commercial retail property transactions virtually ground to a halt in September, with the lowest number of completed deals since April 2016 recorded.
Whilst this lack of activity may be a reflection of retail spending uncertainty, reduced lending to the sector from the banks and the growing penetration of on-line shopping, it also means greater care than usual is required interpreting the data.
TDA estimate trend cap rates fell to 6.18% in September; some 33 basis points lower than August. Consequently, trend cap rates are now at their lowest level since December 2018 and 48 basis points higher from their cyclical low in March 2018. 
The price paid per square metre, in trend terms, continued to edge up further in September, to be over 16% higher since the start of the year, although still some 5% down from its peak in November 2017.
Whilst the number of completed transactions was particularly weak during September, the volume of stock being offered on the market was also low. Consequently, the amount of gross lettable area for sale was little changed, at close to 1.1 million square metres.
Irrespective of the low level of market activity during September, retail commercial cap rates have stabilised in recent months, while the price paid per square metre has edged higher.
Even so, there has been a meaningful underperformance of retail as an investment class in the past 18 months.
Whilst not conclusive, there are some early signs of an improvement in asset values in absolute terms.
Lower real yields and the cost of debt have driven other commercial asset class cap rates to record lows of late, and it is possible the rising tide of cheap capital may start to have an impact in lifting the fortunes of retail assets.
KEY FINDINGS
Highlights — Cap Rates
Cap rates for commercial shopping centres declined by 164 basis points in September to 6.54%.
In trend terms, cap rates declined by 33 basis points to 6.18% in September. Cap rates are currently 48 basis points higher from their low point of 5.70% in March 2018.
<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/2019/10/1/Picture1.jpg" alt=""> 
-In trend terms, cap are virtually the same as a year ago.
<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/2019/10/1/Picture2.jpg" alt=""> 
Highlights — Shopping Centre Turnover (Transactions) 
Due to the very low level of transactions, in trend terms, the volume of Gross Lettable Area (GLA) transacted moderated during September.
This fall-back in volumes is a break from past seasonal patterns which entailed a pick-up in volumes towards the end of the year.
 <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/2019/10/1/Picture3.jpg" alt=""> 
In trend terms, the volume of shopping centre GLA transacted and the number of transactions completed were both fell sharply during September.
 <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/2019/10/1/Picture4.jpg" alt=""> 
In trend terms, the low number of transactions ensured the value of transactions in September remained at a modestly low level.
 <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/2019/1/1/Picture5.jpg" alt="">
The value of transactions, in trend terms, moved slightly lower in September, although remaining little changed from a year earlier.
 <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/2019/1/1/Picture6.jpg" alt="">
In trend terms, the price paid per square metre has edged up in recent months, to be 16.7% higher than the start of the year.
<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/2019/1/1/Picture7.jpg" alt="">
In trend terms the price paid per square metre is now 10.5% below its peak of November 2017.
 is a director at The Data App
Each month The Data App (TDA) releases information on the commercial retail sector transaction capitalisation rates, as well as data on turnover by floor area and value, thus providing a comprehensive overview of the retail sector's performance.
 
 
 
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Shopping centres fall quiet: The Data App

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A freehold office building in Collingwood is set to be sold, with price expectations of around $30 million.
Private developer and builder Pace Development Group, led by Shane Wilkinson, anticipates the 3,082 square metre property will be due for practical completion before the end of 2019.
CBRE have been appointed to market the property.
CBRE agent Scott Orchard said the design of the property has been shaped by strong occupier demand for smaller format, whole floor accommodation.
The Melbourne city fringe property will comprise 11 levels of office accommodation with a ground floor café, end-of-trip facilities, communal areas and 17 secure basement car parks.
The building’s total annual income is projected to be $1,600,000 net, with an average lease profile of six years.
There are 11 tenancies with agreements for lease on the majority of the building and strong interest on the few remaining tenancies with five-year rent guarantees on offer. 
The Pace Development Group recently delivered Pace of Collingwood – a nine-storey apartment building diagonally opposite 51 Langridge Street, consisting of 79 apartments on the former Smith Family Head office site.
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Collingwood office building development set to be sold

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Elbon Arcade, a commercial trophy asset in the heart of Double Bay, has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-double+bay-503331546" target="_blank">402 New South Head Road</a> comprises 10 commercial tenancies and currently brings in a net income of $385,000 per annum.
It is being offered for the first time in nearly four decades.
The likes of cafe Elbon Coffee, LA Spa and Nails and mens hair stylist Testarossa are among the tenants, as well as a number of office spaces. It is being offered fully leased.
Colliers International agents Matt Pontey, Miron Solomons and Nick Lumley have an October 17 auction.
They suggest the three level property on 256 sqm is ready to refurbish, redevelop or reposition. It has a 720 sqm gross building area.
 
 
 
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Elbon Arcade, the Double Bay trophy commercial property, listed for sale

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The former Bank of New South Wales in Kyneton has been listed for sale.
Marketed as one of the most iconic buildings in country Victoria, the landmark building in the Macedon Ranges north of Melbourne currently operates as a boutique hotel, as well as an associated lifestyle and home-wares store known as 'Mollisons'.
It was built in the early 1900's by notable architects Godfrey and Spowers with an asymmetrical red brick facade, steep gables, terra-cotta tiled roof, tall chimneys and distinctive Art Nouveau lettering.
Listed architecturally of State Importance, the 680 sqm building is an early example of the Edwardian Free Style.
Fully restored, the property has over 25 rooms comprising nine bedrooms, seven with ensuites, and a two bedroom apartment.
There are a number of living areas and courtyards, as well as a two large which would suit a cafe, store, wine bar or restaurant, according to Circa Hiertage and Lifestyle South Melbourne agent Dominic Romeo, who has a guide of $3.65 million to $3.95 million.
Kyneton and the surrounding region has a strong tourism sector and sees around 1.67 million visitors annually.
 
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Kyneton's former Bank of New South Wales listed for sale

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A new office/showroom/warehouse in Bayswater has been sold for $4.5 million. 
It represents a sharp yield of 5.68% and building sale rate of $2,200 per square metre.
Stan Dawidowski and Ian Angelico of CVA held the listing. 
The property comprises a floor area of 2,038 sqm, quality construction, main road profile, and finishes throughout including a passenger lift and 30 onsite car spaces. 
Set on a 3,202 sqm land holding, it was sold subject to a 5+5-year lease to a local company, with rental of $256,000 per annum.
The property is positioned opposite Mitre 10 Bayswater, between Scoresby Road &amp; Mountain Highway and about 1 km to the Bayswater Train Station.
“The firming of yields and sale rates coupled with the increase in enquiry are evidenced through CVA transactions over the past two months and there is a clearly defined level of confidence in the commercial market,”  says Angelico. 
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