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

Elwood

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Tim McGregor, the newly appointed managing director of ticketing, live content and data analytics company TEG Live, has listed his Elwood home due to his new position in Sydney.
McGregor and wife Kate paid $2.2 million in 2014 for the Californian bungalow with its earlier redesign by Jackson Clements Burrows.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/vic/melbourne-inner-south/elwood/323864" target="_blank">The four bedroom, two bathroom residence</a> with home office comes with a six star green rating.
McGrath St Kilda agents Nicole Prime have set a price guide of $2.45 million for its November 12 auction.
This article was first published in the Weekend Australian Mansion Australia property section.
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firstname1-iYD4UYzvBa

TEG Live MD Tim McGregor lists in Elwood

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Melbourne's Bop Girl, Pat Wilson, has her charming Spanish Mission home in Elwood listed after it failed to sell at weekend.
The 1920s Wave Street home that is adorned with original features last sold for $320,000 in 1997.
Chrisholm &amp; Gamon director Sam Gamon was auctioning it with a $1.9 million plus price guide. It now has a <a href="https://www.realestate.com.au/property-house-vic-elwood-123245466" target="_blank">$2 million asking price</a>.
Wilson is a singer and journalist having written for Go-Set, a 60s and 70s pop music newspaper under the pen-name 'Mummy Cool'.
Her early 80s hit single, Bop Girl - written by her then husband Ross Wilson of the bands, Daddy Cool and Mondo Rock - came with music video which was the screen debut of a 15 year old Nicole Kidman, who played the role of a young bop girl.
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Bop Girl pops $2 million asking price on Elwood offering

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Melbourne Demons head coach Paul Roos has sold his Elwood home as speculation looms on his continuing ties with the AFL code.
His contract with the AFL club concludes at season end.
Paul and wife Tami bought the contemporary Tim Spicer designed property in 2014 after signing with the Demons in 2013.
They paid $2.525 million for the home which was built by former owner Peter Lewin of Construct Group.
Completely remodelled by highly regarded Arundel Constructions and D'interni interior design, the state of the art home features a pool and spa on the 411 sqm holding.
The property sold recently through Chisholm &amp; Gamon agents Kylie Hill and Torsten Kaper who had a price guide of $2.9 million.
Roos is to be replaced by assistant coach Simon Goodwin at the end of the year.
Roos and his wife Tami are long-time Sydneysiders who sold their $5.4 million South Coogee trophy home the same month they bought in Elwood. The Con Hairis designed luxury five bedder with swimming pool cost $4.86 million in 2010.
They quietly bought back in Sydney last year, securing a $2.165 million Coogee apartment.
Crafted by architect Allen Jack+Cottier, the whole floor penthouse style apartment has three bedrooms and a large terrace.
Roos coached the Sydney Swans for eight years and won the 2005 Premiership, the Swans first in 72 seasons.
This article was first published in the Weekend Australian Mansion Australia property section. 
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Departing Melbourne Demons coach Paul Roos sells in Elwood

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A contemporary Elwood home at 92 Ruskin Street had $2.9 million plus hopes for tomorrow's auction, but was under offer over a week ago.
The four bedroom, three bathroom <a href="https://www.92ruskinstreetelwood.com/details" target="_blank">state-of-the-art family home</a> was built in 2013 with pool.
There's a mix of raw textured concrete, warm timbers and luxury bespoke fixtures in its more recent remodelling by Arundel Constructions and D'interni Interior Design.
Chisholm &amp; Gamon agent Torsten Kasper has the offering.
Elwood's median house price is $1,550,000 according to CoreLogic RP Data.
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jonathanchancellor-7SQnKwU6yx

Contemporary Elwood trophy home sold

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Melbourne developer Piccolo's latest boutique apartment project, the aptly titled Elwood House, looks to build on the previous success of their Garden House in Carlton. Located at 2 Pine Avenue on the corner with Ormond Road, the 4-storey development will feature 31 luxury apartments and ground level retail to Ormond Road. Underpinning the intended quality of the development are apartment sizes, with two bedroom dwellings beginning at approximately 100sqm in size and beyond the $1 million barrier.

The display suite is highly impressive in itself - a shame that it will eventually be demolished to make way for the building - but it gives an excellent indication of what residents can expect. Interiors feature bespoke custom joinery and one colour palette - neutral - with a consistent tile finish to living areas, kitchens and bathrooms that also extends to the outdoor balconies. Carpets will be limited to bedrooms only.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/elwood_house_living_areas.jpg" rel="gallery-all" title="Elwood House typical open plan living area. © Piccolo"><img alt="" class="image-article-full-width-580px" height="252" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/elwood_house_living_areas.jpg?itok=RPU1yyAF" title="Elwood House typical open plan living area. © Piccolo" width="580"></a>

<figcaption>An Elwood House typical open plan living area. Image courtesy Piccolo Developments</figcaption></figure>Company founder Michael Piccolo described it best when he said, the project was all about "bringing the band back together" with the development team that delivered Garden House; Piccolo, Woods Bagot and Hecker Guthrie conspiring once more. This came about largely as a result of timing with Nick Karalis of Woods Bagot returning from an overseas sojourn just as Piccolo had settled on the site.

The building's exterior is best described as rich and textured, employing a variety of robust materials not unlike The Garden House, such as off form weathered concrete panels and hand-made Pedersen bricks from Denmark. The selected materials will extend the life of the building’s exterior and ensure little maintenance is required on the part of the residents.

Greenery is draped over balconies for a natural softer counterpoint to the harder surfaces of the facade. This common language and aesthetic reinforces the concept of Elwood House as the sister building to Garden House, and unlike traditional roofs which are typically constructed of metal sheeting on multi-unit developments, Elwood House will have a concrete roof for improved water proofing.

<blockquote>
The façade of Elwood House will be brick, concrete, metal and glass, without a painted surface, which will increase its longevity. The only thing you’ll need to do is clean the windows! Every apartment facing Pine Avenue and Ormond Road will have a planter terrace that will receive rainwater collected from rainwater tanks stored in the basement. A circular reticulation system will pump the water through the development and water all of the planters.
<cite>Michael Piccolo</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/elwood_house_close_up.jpg" rel="gallery-all" title="Composition of materials which make up the facade. © Piccolo"><img alt="" class="image-article-full-width-580px" height="252" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/elwood_house_close_up.jpg?itok=7eiI3U3u" title="Composition of materials which make up the facade. © Piccolo" width="580"></a>

<figcaption>Composition of materials which make up the facade. Image courtesy Piccolo Developments</figcaption></figure>The project features a number of built-in initiatives that will ensure future residents are able to move with, and embrace technology as it evolves, while also affording the building a 6-star green star rating. When founder Michael Piccolo test-drove a Tesla electric car recently, he began wondering just how soon electric vehicles will be embraced by Australians.

<blockquote>
When I drove the Tesla last year I thought, these are definitely coming to Australia. I believe that in 10 years, we will all be driving electric cars. This lead to the question, what can we do to prepare for that?
<cite>Michael Piccolo</cite>
</blockquote>

Consequently every car park in Elwood House's basement features its own 30-amp power point, which is designed to accommodate an electric vehicle. Each socket is connected back to the apartment's power metre to ensure that individuals are billed according to their electricity use. Requiring capital outlay from the developer's perspective, the move is considered a necessary step towards future-proofing the building for residents.

Further trends being incorporated into Elwood House include:

<ul>
<li>Rooftop solar panels that contribute electricity to supplement residents’ gas hot water systems</li>
	<li>Vast double-glazed windows to allow natural light in as well as provide thermal and acoustic insulation</li>
	<li>Study desks built into cabinets, with a laptop shelf and power point with two electric sockets and a built-in USB charger (these are also installed in each of the bedrooms and the USB chargers are 2.1 amps – suitable for tablets)</li>
	<li>Installation of infrastructure for optic fibre – all conduits are in place waiting for cables to be run in</li>
	<li>Set up of NBN box, ready for its arrival in Elwood</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/elwood_house_courtyard.jpg" rel="gallery-all" title="Common courtyard. © Piccolo"><img alt="" class="image-article-full-width-580px" height="561" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/elwood_house_courtyard.jpg?itok=TSPZIX_V" title="Common courtyard. © Piccolo" width="580"></a>

<figcaption>Common courtyard. Image courtesy Piccolo Developments</figcaption></figure>Michael Piccolo believes potential buyers will be drawn to the location due to its proximity to the beach while also being attracted to Elwood Village and the sense of community within the area. The quality of finishes and size of apartments is targeted largely towards the owner-occupier market. Asked of the potential for another 'House' project, Michael replied only if both the site and timing are right.

Elwood House is scheduled for construction commencement during July 2015 with completion expected by the end of 2016.
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