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

Cronulla

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Record apartment prices are being set all over Sydney, the latest in the Sutherland Shire.
It was a sub-penthouse at Cronulla that sold mid-week off the plan for $5.7 million through David Highland at Highland Property.
The 155 sqm apartment in the soon to be developed, Pinnacle on McDonald Street was bought by a local buyer.
It comprises three bedrooms plus media room with a balcony that offers views across the ocean from Jibbon Beach to Boat Harbour.
David Highland says it broke the Sutherland Shire record both in price and sqm rates. 
It topped the Shire's previous record, a $5.51 million off-market sale of a four bedroom penthouse. 
“We’ve had a lot of interest prior to marketing, particularly from local buyers”, he said. 
“The location and finishes are second to none, and the fact that each apartment has its own level with elevator access, offers a unique selling point.” 
The Innovative Architects designed development is made up of six whole floor apartments with direct access to The Esplanade.
Each of the apartments were finished with interiors from EB Interior Design.
Construction completion is due in 2018.
This article first appeared in the Sunday Telegraph.
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j.ballantyne1990-6AQqhLzZaK

Record apartment prices hit Sydney's Sutherland Shire

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The entreprenurial former sports promoter and administrator Ken Elphick has lost possession of his four bedroom Cronulla abode.
The luxury beachfront on Gunnamatta Bay has been listed for November 26 auction through Mark Wigley and Corey Bell at Cronulla Real Estate.
Based on recent sales around the popular Shire strip, the home is expected to fetch $5.5 million plus. 
It has been Ken Elphick's home with wife Vicki for three years until recent eviction proceedings after the fracturing of a Queensland property development arrangement. 
The NSW Supreme Court's Justice Button noted there had been "a long and regrettably tortured history" in the litigation between Nichols Construction Pty Limited and the Elphicks.
"It seems that, regrettably, the development was not crowned with success, and litigation has arisen from it," his honour noted.
The Laidley development suffered complications, allegedly due to earthwork failings on the part of subcontractors retained by Nichols Constructions, which in turn impeded the sale of the house and land lots. 
However Nichols Constructions had a $4.2 million two year mortgage over the property with Ken Elphick as guarantor on its 2013 purchase.
"The contention of Nichols Construction is that no money whatsoever was ever paid pursuant to that mortgage," Justice Button noted.
The initial default judgment was entered in February 2015.
When the Taloombi Street home was bought for $4 million in 2013, Elphick thought his luck had finally turned.
His house purchase marked his family's return home to Gunnamatta Bay as in the late 1980s he sold for then record of $1.3 million a home across the bay.
In the interim he had hit headlines after his tenure at the NSW Rugby Union ended in a jail sentence.
The former NSW Rugby Union boss, who grew up in Mascot, spent almost three years in jail in the late 1990s for a $600,000 fraud case involving 25 charges.
The charges related to the building of Concord Oval as the code's homeground in the mid-1980s.
This article appeared in the Saturday Daily Telegraph.
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firstname1-iYD4UYzvBa

Ken Elphick loses possession of Cronulla beachfront

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Former Cronulla Shark forward Ben Ross and his wife Renai sold their luxury Cronulla oceanfront penthouse days before its recent scheduled auction. 
The paperwork shows a $3,356,100 sale last month. They've now bought a five bedroom on the Port Hacking waterfront at Burraneer. 
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-cronulla-123055926" target="_blank">The Cronulla penthouse</a> was listed through Greg Gilbert agents Alex Pitsis and Nathan Ogilvie.
The couple moved into the apartment shortly after the Ross proposed to Renai in 2008 and whilst he was still at the sharks.
The top floor renovated entertainers' pad has three bedrooms, two large balconies and a private lift.
Ross, who played 173 games in the NRL through an injury hit career, has just secured his coaching accreditation as a senior club coach.
He is currently the national welfare manager of Men of League and the community ambassador for the Sharks and the NRL.
 
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Ben Ross sells penthouse at Cronulla

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A former church and adjoining residential property in the heart of Cronulla has been listed for sale.
The Uniting Church has appointed CBRE’s Simon Lytton and Peter Vines in conjunction with Peter Starr of McGrath.
The sale involves a 1920s church and a neighbouring residential property at <a href="https://www.realcommercial.com.au/property-land+development-nsw-cronulla-502110582" target="_blank">12 and 14 Wilshire Avenue</a>.
<img src="/images/2016/09/29/Church.jpg" alt="" width="390" height="278">
 
The properties will be offered for saleseparately or in one line.
The potential uses include childcare, medical, residential conversion or redevelopment.
CBRE’s Mr Lytton said the campaign presented a rare opportunity to acquire a major north facing site on one of the most prestigious streets in South Cronulla.
“The properties are situated in a highly sought after location, close to Shelly Park and Cronulla Beach,” Mr Lytton said.
“Given the size of the land and the exclusive location we are expecting overwhelming interest from both local investors and from buyers Sydney wide.
Up for sale is 12 Wilshire Avenue, comprising a single storey, five-bedroom brick house on a site of 891.6sqm. Included is a detached building presently set up as classrooms, with the two building have a combined areas of 267sqm.
The adjoining 14 Wilshire Avenue is an existing brick church with a rear hall, also on 891.6sqm.
Mr Lytton said the character of the 1920s church, which included timber flooring and a pitched tile roof, would appeal to buyers seeking a unique conversion opportunity. The church and hall have a combined total area of 385sqm.
“Sydney is currently experiencing the strongest residential conditions in over a decade,” Mr Lytton said.
“This has underpinned a sharp increase in demand for versatile and well located development sites due to the lack of available, quality stock.”
Expressions of Interest for 12 &amp; 14 Wilshire Avenue close 20th October 2016.
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Uniting Church offers significant site in Cronulla

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The childcare magnate Martyn Downs and wife Helena have listed their Cronulla beachfront home for September 7 auction.
Estate agent David Highlands, of Highland Property Agents, expects between $7 million and $7.5 million for the home, one of the best in the Sutherland Shire.
"There has not been anything comparable publicly available," David Highland suggested.
There have been whispers of an off market $8.25 million sale nearby on the peninsula on Darook Park Road where the prior highest recorded sale was $6.15 million in 2012.
<a href="https://www.realestate.com.au/property-house-nsw-cronulla-123181906" target="_blank">The Taloombi Street home</a> is eight bedrooms and six bathrooms over three levels which was substantially renovated twice over the past decade. No hint of the 1960s red brick home. 
The tightly held street prices hit $3.9 million in 2003 and peaked at $6.9 million in 2007.
Since he paid $4.35 million in 2005, Martyn Downs has been nicknamed "the mayor of Gunnamatta Bay."
The family have been out looking around for a penthouse-style abode in the shire, with plans of spending more time at their 70 acre black Angus cattle farm with newly built French Provincial-style homestead at Bundanoon, in the Southern Highlands, along with their inner city bolt hole.
Downs recently bought the Royal Hotel at Bowral, attracted to the main street acquisition given the inclusion of seven shops and restaurant in the popular tourism destination. 
Downs has been an operator and developer of child care centres since 1992, seizing the opportunity of the past few years to sell some of his leasehold businesses into the listed G8 group while keeping the freehold.
This article was first published in the Sunday Telegraph.
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Cronulla beachfront for September auction

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The long-time home of the late rugby league legend Jack Gibson and his widow, Judy has been listed for May 18 auction.
It was in the Gibson family name since the vacant block was bought in 1967 for $9700. 
Set on <a href="https://www.realestate.com.au/property-house-nsw-cronulla-122329566" target="_blank">753 sqm and spread over three levels</a>, the family home has six bedrooms and three bedrooms. 
The Cowra Place property comes with a rumpus room, billiards room and a home office.
Numerous outdoor entertaining areas and the saltwater swimming pool overlooks Salmon Haul Bay.
Highland Property listing agents David Highland and Mitchell Wynn are expecting bids from between $4 million to $4.4 million.
Gibson played over 120 games for the Eastern Suburbs but he will be most known for securing back to back premierships for the Roosters in 1974 and 1975 and then three in a row for Parramatta between 1981 and 1983.
A nearby Nicholson Parade property which Gibson built in 1955 sold for $2.15 million recently. It was his home until 1970.
He used the backyard to train with his Easts teammates, running drills and having them carrying sandstone blocks.
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Cronulla home of Jack and Judy Gibson listed through Highland Property

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The former Australian basketball star turned businessman Damian Keogh has bought an impressive Cronulla apartment.
Keogh has paid $2.85 million for the <a href="https://www.realestate.com.au/property-apartment-nsw-cronulla-121147990" target="_blank">three bedroom, two bathroom beachfront apartment</a> which sold through Highland Property agents David Highland and Mitchell Wynn.
The apartment is located in the award winning Tiana which was built by the highly regarded property developers Bezzina Group in 1995.
A wrap around balcony with dining and entertaining areas looks over the ocean.
The property last sold in 2013 for $1.925 million. 
Regarded as one of Australia's greatest ever basketballers, Keogh stayed in the sportsworld becoming involved in the Sydney Olympic Games bid team. 
He was then recruited by the Seven Network as the Head of Olympic Marketing, focusing on the promotion of the 2000 Sydney Olympic Games. 
After Keogh worked in the television sales and marketing, he was announced as the chief executive of cinema advertising company Val Morgan in 2013 before being made the CEO at the Hoyts Group.
Keogh is also the chairman of the Cronulla Sharks NRL team.
Keogh had long lived in the shire having bought a five bedroom Lilli Pilli house back in 1997 for $800,000.
The long time Sydney Kings captain represented Australia at three Olympic Games and played 207 times for the national team.
Keogh married fellow basketballer Maree White in 1986 and have four children.
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