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.

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WM Residences fills gap in Mordialloc townhouse market

Elwood

A development with fluted facade in Elwood by Keystone Property Group has just five of the 15 apartments remaining for sale on completion.

The Ensemble project comes with sculptural, striking vertical aspect with arched ground-level windows to mimic the art deco homes in the area.

KUD Architects sought to evoke the waves of nearby Port Phillip Bay with landscaping by John Patrick Landscape Architect.

Almost half of those sold in the 15-apartment complex were to downsizers.

[smartcode_project:default project_id=3119 project_image_fid=35536]

The apartments range from 110-141sq m, featuring marble surfaces in the kitchens and bathrooms, and oak floors in the living areas.

Outdoor spaces span from 12sq m up to 118sq m for the courtyard garden ground-floor residences.

There is a landscaped rooftop barbecue area at the Tennyson St location, a short walk from a popular shopping village and the beach.

The remaining apartments cost from $1.495 million to $2,595,000 through Michael Paproth at The Agency.

[smartcode_project:default project_id=3119 project_image_fid=35534]

Elwood&#39;s apartment prices sit at a $675,000 median, according to realestate.com.au, with units typically rented for $410 pw reflecting a rental yield of 3.2%.

Keystone Property Group is a Melbourne based developer formed in 2006 by Ray Evans and Luke Daley.&nbsp;

Keystone has developed numerous properties in inner city regions such as Footscray, Brunswick and Prahran, with a focus on boutique properties in high growth areas.

[smartcode_project_cta: project_id=3119]

KUD Architects sought to evoke the waves of nearby Port Phillip Bay with landscaping by John Patrick Landscape Architect

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Five apartments remain for sale in Keystone's Ensemble, Elwood development

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The boutique development Foam Street in the Bayside Melbourne suburb of Elwood has secured sales of nearly half of its apartments at its recent launch.

Developer Goldfields has seen demand coming from an emerging market which have been dubbed "Baychangers."

Goldfields chief operating officer Lachlan Thompson said five of the project’s twelve boutique apartments had already been snapped by buyers up on the first few days of the sales campaign.

[smartcode_project:default project_id=31641]

“The Elwood brand is one of the strongest in Melbourne, especially for buyers looking to downsize to a smaller and more convenient home in a vibrant community that offers exciting lifestyle and entertainment options,” Thompson said.

“As a result, the supply of low-maintenance luxury apartments in Elwood’s established property market is far outweighed by demand, with many looking to alternatives, such as boutique new developments, like Foam Street, Elwood.

“These buyers are looking shorten and simplify the homebuying process and avoid the frustration associated with the existing property market.

<a href="/buildings/foam-street-1-3-foam-street-elwood"><img alt="" height="891" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/foam_street_elwood.jpg" width="1200"></a>

“They want to live ‘life after the family home’ somewhere with a little more ‘soul,’ somewhere more intimate and personal; the type of place where you know your neighbours by their first name.”

Jackson Clements Burrows designed the development of two and three bedroom apartments in conjunction with Studio Tate.

“FOAM STREET apartments are designed to be entirely of their place – reflecting and complementing the street’s vernacular – thus creating a discerning identity within their environment. Each dwelling offers expansive living areas, private outdoor spaces and enduring finishes," Tim Jackson, director at Jackson Clements Burrows said.

The project sits in landscaped surrounds designed by Eckersley Garden Architecture.

The Agency's Michael Paproth said, as well as demand from locals who want to remain in the area, there is a rapidly emerging market of buyers from outside the broader Bayside area.

“Baychangers tend to be semi-retired or retired professionals, typically from the inner-eastern suburbs, whose children have started their own families, and who are looking for a lifestyle change, but without the distance associated with a treechange or seachange," Paproth said.

“Despite being right next door to each other, the Bayside and inner east can be quite different in terms of community, culture and lifestyle."

 
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Developer Goldfields has seen demand coming from an emerging market which have been dubbed "Baychangers."



What is a Baychanger? Boutique Elwood development Foam Street see 'Baychanger' demand

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Actress Asher Keddie, and her Archibald Prize-winning husband Vincent Fantauzzo, have sold their Elwood home within the asking price range of $2.75 million and $2.85 million.
Marshall White Bayside partner Matthew Pillios confirmed the private treaty sale of the Edwardian-style home, but would not comment on the sale price.
The Milton Street home was owned by the couple for five years.
They listed it for sale in February.
They had snapped up the property in 2015 for $2.061 million, records show.
In February Mr Pillios said areas of the Edwardian-style home, including the kitchen, had been meticulously renovated with one of the four bedrooms converted to an art studio where Fantauzzo painted.
Fantauzzo’s art was displayed in the home including portraits of Keddie and actor Heath Ledger, who passed away in 2008.
Keddie is best known for her role as Dr Nina Proudman in the TV series Offspring, which concluded in 2017.
She is now starring in a new ABC and Netflix series Stateless, based around the story of German-Australian woman Cornelia Rau and the Australian detention centre in which she was detained.
It’s not the first time Keddie and Fantauzzo have sold a property in Victoria. The couple offloaded their 40-hectare property Ravenswood in 2017, at the peak of Melbourne’s market.
The property, which was their country retreat in Romsey Road, Hesket, sold for $2.1 million.
 
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Actress Asher Keddie and Archibald Prize-winning husband Vincent Fantauzzo sell in Elwood

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Australian actress Asher Keddie and her artist husband Vincent Fantauzzo have listed their Elwood home.
The home of the former Offspring star is set for auction later in March.
It comes with a $2.4 million - $2.6 million price guide.
Caitlin Payne-Clarke, Matthew Pillios and Kaine Lanyon of Marshall White are marketing the four bedroom, two bathroom home at 57 Milton Street.
The couple purchased the home in 2015 for $2.061 million.
Marshall White Bayside partner Matthew Pillios said, "the Edwardian-style home, including the kitchen, has been meticulously renovated with one of the four bedrooms converted to an art studio where Fantauzzo, an Archibald prize winning artist, paints."
Pillios adds that the couple planned to be based in Melbourne.
Not too long ago, in 2017, they offloaded their 40-acre Ravenswood country retreat on Romsey Road for $2.1 million.
Asher Keddie is now starring in a new ABC and Netflix series Stateless.
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Australian actress Asher Keddie and artist husband list in Elwood

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Elwood House, an innovative apartment development for downsizers that upsizes luxury and lifestyle, has taken out Victoria’s top property award.
The developer Piccolo was presented with the Property Council of Australia’s Rider Levett Bucknall Victorian Development of the Year award.
The 1,400 sqm site, previously occupied by the former Elwood RSL club, has been transformed into Elwood House, a low-lying brick building featuring 30 apartments and three retail tenancies.
“Elwood House emphasises quality of life with a stunning design in harmony with the local community,” says the Property Council’s Victorian executive director Cressida Wall.
“While Elwood House is a modern design, the development reflects the local context of the historic precinct.' 
Designed in collaboration with Woods Bagot and Hecker Guthrie, Elwood House was completed in 2017.
RLB has partnered with the Property Council to present the awards program since its inception in 1982.
Piccolo’s previously took home the award in 2013 for the Garden House in North Carlton.
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Piccolo's Elwood House, upsizing luxury for downsizes, wins prize

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A mixed use site in Elwood with development potential has been listed.
The 336 square metre 63 &amp; 63A Glenhuntly Road property is currently home to a medical centre with five consulting rooms, as well as an apartment with a balcony.
The property has a combined $103,680 per annum return.
The Elwood Family Clinic has a permit to extend the practice to eight rooms. 
The property is located between Broadway and Ruskin streets  and is zoned Commercial 1, which promotes mixed use development including retail, office, business, entertainment and community uses, as well as residential. 
The marketing agents, Teska Carson’s George Takis and Larry Takis, said the area is seeing an upsurge in popularity with residential and commercial developments completed in recent years.
“This exceptional property is prominently positioned within the tightly held Elwood retail/commercial precinct, and within one of Melbourne’s most popular bayside residential areas,” George Takis said.
“The location benefits from excellent amenities including a plethora of retail, cafes, restaurants, recreational facilities, bayside beaches, and is only 7.5 kilometres from Melbourne’s CBD.”
The property will be auctioned onsite on Thursday, November 29 at 12pm. 
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Mixed-use Elwood investment with extension permit set for auction 

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Woods Bagot and Hecker Guthrie, Piccolo have unveiled its sequel to the multi award-winning success of Upper House and The Garden House.
Set in bayside Melbourne, on the cusp of Elwood village, the recently completed Elwood House delivers 30 boutique apartments.
Woods Bagot and Hecker Guthrie were the design team behind Piccolo’s 2011 Carlton apartment project The Garden House, a winner of six major property and design awards.
Piccolo director Michael Piccolo said there had long been a desire to replicate the success and timeless design of The Garden House elsewhere, but logistics had proved difficult, particularly when the project’s architect and Woods Bagot Design Director Nik Karalis moved overseas.
With the purchase of the former Elwood RSL Club site at 2 Pine Avenue in 2013 – a site Piccolo had his eye on for years when living just around the corner – as well as the return of Karalis to Australia, the pieces of the puzzle fell into place.
Located on the corner of Pine Avenue and Ormond Road, Elwood House features one, two and three bedroom apartments across four levels.
The building’s calming façade melds exposed concrete, slender profile brickwork handmade in Denmark and irrigated balcony planter boxes overflowing with greenery.
One bedrooms average a generous 50 to 80 square metres, while two bedrooms provide space to grow at 100 to 115 square metres and three bedrooms at 130 to a large 170 square metres.
The individual apartment interiors by Hecker Guthrie are entirely bespoke, with considered additions that surprise and delight.
Director Paul Hecker said the finest finishes include grey Aether natural stone floors and American Oak timber cabinetry adorns kitchens and storage areas. 
Created for Garden House, Apaiser’s ‘Piccolo’ bathtub sit in larger bathrooms.
<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/2018/5/31/Copy%20of%2017.09.12_Piccolo_Elwood%20House_Bedroom%20w_%20Ensuite.jpg" alt="">
The project also features two retail tenancies fronting Ormond Road, beauty salon The Skin Boutique and the latest offering by Sixty One Group, the team behind favourites including Prahran’s Tall Timber, Richmond’s Touchwood, Hawthorn’s Short Straw, Fitzroy’s Marquis of Lorne and Carnegie’s Left Field.
The Group’s as yet unnamed café, to open in the coming months, will offer breakfast and lunch seven days, also serving dinner a few nights a week.
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Architects Woods Bagot and Hecker Guthrie unite for Elwood House

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A beachfront Elwood townhouse, has been sold by its mortgagee sale have been listed with hopes over $2.5 million.
The home at <a href="https://www.realestate.com.au/property-townhouse-vic-elwood-127571338" target="_blank">1/87 Marine Parade </a>spans over 3 levels, featuring three bedrooms (fitted BIRs, one with library, main with custom WIR &amp; luxe ensuite), a bathroom with stone bath &amp; basins and a marble kitchen featuring an island bar.
It has around 210 sqm of space.
<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/2018/4/23/elwood5.jpg" alt="">
Other features include a double auto garage via automatic security gates. 
The townhouse was set on the corner of Shelley Street and neighbouring the canal bridge and Robinson Reserve.
It last traded in 2001 at $911,000.
The suburb's median unit price is $610,000 according to CoreLogic. 
 
 
 
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Luxury Elwood townhouse sold by mortgagee

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A Victorian four bedroom Elwood house has been listed for sale at $2.5 million plus.
Located at <a href="https://www.realestate.com.au/property-house-vic-elwood-125940578">4 Kendall Street</a>, the 558 sqm property comes with a home which are a fusion of contemporary and traditional features.
Built in 1900, it was last sold in 2008 for $1.675 million.
It features a wide entrance hallway with floorboards and high ceilings as well as original period details.
An open-plan living and dining area is next to a kitchen with stone benchtops and also accesses the north facing decked area with overlooks of the garden.
There are four bedrooms with period-style fireplaces and marble surrounds with all four bedroom sharing a main bathroom with claw-foot bath and double vanity.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/08/4%20Kendall%20Street-2.jpg" alt="">
A self-contained studio is available in the rear of the property with potential for a office or additional space.
Other features includes off-street parking for four to five vehicles, bespoke cabinetry and outdoor shower.
St Kilda Botanical Gardens, the beach, Elsternwick Park and shops along Ormond and Glen Huntly Roads are within close proximity of the property.
The property is offered through Marshall White agents Michael Paproth and Kaine Lanyon.
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Victorian four bedroom Elwood house listed for $2.5 million plus

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Gryphon House, an Elwood home modelled on a mythical beast, has sold for $3.68 million after 76 bids at weekend auction.
It sold for $360,000 over reserve through McGrath St Kilda agents Christine Ford and Josh Stirling.
Designed by architect Simon Thornton around a decade ago, the home has a lion's tail shaped chimney, solar panels resembling eagle feathers and a top floor meditation space in the shape of a griffin's head.
His idea for the design of the home came to him in the middle of the night.
“The original owners were people who were really into their house expressing something about fantasy and imagination,” he said.
He added it to the existing red brick Edwardian.
It now comes with five bedrooms, three bathrooms, a music room and two large entertaining decks on its 328 sqm parcel.
Since the design it has been heritage protected by the City of Port Phillip.
A local couple bought the house, hoping their grandchildren would like it.
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