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

North Fitzroy

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Fitzroy North has been one of the best performing suburbs in Melbourne's north east over the last five years.
Its median house price has soared from just over $1 million to $1.36 million, a price difference of $360,000.
Only Clifton Hill (+427,750) and Parkville (+$890,000) have seen their median house price grow further.
To get the latest suburb data on Fitzroy North from CoreLogic, <a href="/developments/fitzroy-north-vic-3068">click here</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/Fitzroy%20North%20median.jpg" alt="">
Fitzroy North, sometimes called North Fitzroy, has a distinct character, noted for its prevalence of wide streets, intact Victorian and Edwardian era terraced housing and for the Edinburgh Gardens, a large inner-city park formerly home to the Fitzroy Football Club. 
Fitzroy North is adjacent to, and shares a postcode and neighbourhood character with Clifton Hill, both being government subdivisions set on elevated ground and to the same layout by Clement Hodgkinson in the 1870s.
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What if you bought in Fitzroy North five years ago?

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A Fitzroy North landholding on Queens Parade with triple street frontages is being offered to market.
The 3,200 sqm development site is situated on a prime corner landholding at 81-89 Queens Parade, with triple street frontages to Alexandra Parade, Queens Parade, and George Street.
Savills Australia’s Clinton Baxter, Jesse Radisich and Benson Zhou have been appointed to manage the expressions of interest campaign with expectations of above $18 million.
“The upside potential of this site is profound, and we have already commenced fielding interest from major local and offshore developers keen to know more about this project,” said Mr Baxter.
“There is approved planning in place for an 8-level Cox Architecture mixed-use commercial project.”
“81-89 Queens Parade is arriving at a time and place that meets the strongest commercial office markets in decades,” added Mr Baxter.
Mr Zhou said that “whilst there has been talk of reducing Chinese capital in our market, Savills has sold more than half of our last 20 deals to buyers of Chinese background. Really there has been a flight to quality projects and investments, the money definitely is still there for the best projects like this one.”
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Savills marketing mixed-used Fitzroy North development site

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Bookseller Mark Rubbo, the founding chair of the Melbourne Writers Festival, and wife Wendy have sold their Fitzroy warehouse conversion.
They had $2.8 million to $3 million hopes for the property they bought as an empty shell in 2004.
They commissioned architect Maggie Edmond to adapt <a href="https://www.realestate.com.au/sold/property-house-vic-fitzroy-129684854" target="_blank">the property</a>.
It has three bedrooms, three bathrooms and a kitchen adjoining the open plan living space which flows to a north facing terrace.
The Little Victoria Street warehouse began life as a drill hall in the 1930s. 
Nelson Alexander Fitzroy agents Peter Stephens and Sonya Laferla handled the marketing.
This article first appeared in The Weekend Australian. 
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Former drill hall warehouse conversion sold in North Fitzroy

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The professional surfer Wade Goodall and wife Jane were among the many vendors who pulled their property from weekend auction, as the auction sales wipeout continues.
<div>
The couple are seeking buyers for their Byron Bay hinterland home having recently secured a larger block just nearby to build a new house.
McGrath Ballina agent Braden Walters had a pre-auction guide of between $1,075,000 to $1.15 million for the modern<a id="x_mcntLPlnk717244" href="https://www.realestate.com.au/property-house-nsw-bangalow-128745214" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> Bangalow cottage.</a>
Wade, who is an ambassador with surf fashion label Vans, spent $300,000 in 2014 on the Palm-Lily Crescent building block.
Set some 13 kilometres inland from the coast, their classic Queenslander style home has three bedrooms, two bathrooms and a study nook.
Sydney accounts for the biggest number of withdrawn auction property.
Domain put weekend withdrawals totalling 95 properties on the weekend with 58 in Sydney.
Over the past month, CoreLogic calculate around 20 percent of auction stock has been withdrawn from auction across Sydney, as wave of buyer enthusiasm wanes.
There were 1,316 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 56.2 per cent, according to CoreLogic. 
Auction volumes were down from last week when 1,536 auctions were held, however the preliminary clearance rate edged higher than last week’s final clearance rate which was 55.6 percent. 
Over the same week last year, auction volumes were higher with 1,857 homes returning a clearance rate of 68.2 per cent.
Melbourne's dearest house sale was $3.88 million at Fitzroy North through Jellis Craig. The 1891 home on 584 sqm is known as Moss Vale which last sol in 1977 at $100,000. The <a id="x_mcntLPlnk485410" href="https://www.realestate.com.au/property-house-vic-fitzroy+north-128812842" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">225 McKean Street offering</a> had come with a $3.4 million to $3.7 million price guide, based on the recent $3.8 million sale at 25 McKean Street, an unrenovated home on 600 sqm.
Two families pushed up the bidding to $3.8 million, when the property was declared on the market.
There was a third bidder at the auction, which was over in three minutes
Melbourne's dearest sale was a development site at 71-73 Beddoe Avenue, Clayton which was listed with $3.4 million to $3.74 million hopes. With two original three bedroom houses on an expansive 1483 sqm lot, it fetched $4,258,000.
In Melbourne, a preliminary auction clearance rate of 57.9 per cent was recorded across 628 auctions, down slightly from 58.5 per cent across 802 auctions on the last weekend in July. 
One year ago, the Melbourne clearance rate was a stronger 73.9 per cent across 911 auctions.
<div>
Melbourne had the cheapest sale across the country when a $280,000 pre-auction offer was accepted in Ormond for a one bedroom apartment. Last sold at $112,000 in 1999, <a id="x_mcntLPlnk207438" href="https://www.realestateview.com.au/real-estate/11-50-lillimur-road-ormond-vic/property-details-sold-residential-11981124/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11/50 Lillimur Road</a> had recently been a $280 a week rental.
</div>
It had been listed with $250,000 to $270,000 price guidance through Woodards.
There were 456 auctions held in Sydney, the fourth consecutive week where Sydney has been host to less than 500 auctions, returning a preliminary auction clearance rate of 56.1 per cent.
One year ago, 620 auctions had a clearance rate of 66.4 per cent.
Sydney's highest sale was <a id="x_mcntLPlnk169078" href="https://www.realestate.com.au/property-house-nsw-bronte-128797482" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">5 Alfred Street, Bronte</a> at $4,116,000. The deceased estate executors were flexible on their $4.2 million price expectation.
Adelaide had the weekend's best performing clearance rate with a 73.2 per cent success rate across 56 auctions.
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Weekend auction withdrawals signal low buying interest

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In Fitzroy North, it was buyers from North Queensland who paid $1.3 million post-auction on an award winning two-bedroom home, Casa de Gatos, which translates to house of cats in Spanish. 
The single storey <a href="https://www.realestate.com.au/sold/property-house-vic-fitzroy+north-128374126" target="_blank">49 Rae Street property</a> had come with $1.2 million to $1.3 million price guidance after its design by WOWOWA Architects.
The home won the <a id="LPlnk696956" class="x_OWAAutoLink" href="http://www.wowowa.com.au/portfolio/casa-de-gatos/" target="_blank" rel="noopener noreferrer">Victorian Australian Institute of Architects 2017 Small Projects Award</a>, expressly designed with the owners two dogs and two cats in mind.
<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/2018/6/cats2.jpg" alt="">
Husband and wife team Monique and Scott Woodward are the founding directors of WOWOWA – a studio “governed by the metric of happiness”.
Its most striking feature is a curved, carpeted, orange cat wall topped by an aerial cat walkway.
Nelson Alexander agent Rick Daniel told The Age it wasn’t the biggest selling point for the new owners.
 
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Award-winning 'house of cats' home in Melbourne sells

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Developer Goldfields has unveiled Patch, a contemporary 83-apartment community with an expansive, tree-lined communal area, light, bright and high-contrasting interiors and a striking architectural façade.
Located at 243 Queens Parade in Fitzroy North, Patch is within walking distance of Merri Creek, Clifton Hill and Rushall Train Stations.
<img src="/images/2016/10/05/image003-1.jpg" width="300">
The 12-storey development has 83 one, two and three-bedroom apartments, a communal terrace on level eight and ground floor retail space.
Goldfields’ Managing Director, Marco Gattino, said the company acquired the site with a building permit in place, but chose to partner with architect Fieldwork to refine the offering.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_HighContrast_Kitchen.jpg" alt="">
 
A communal terrace on level eight is a standout feature of Patch, including a 300 square metre tree-dotted deck, indoor and outdoor dining facilities and a communal kitchen and cooking area that has views of the CBD.
Daniel Cashen at Knight Frank said there had already been a strong response from the market.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_External_Retail.jpg" alt="">
Most residences will include a car parking space, an additional cage and access to bike storage. 
Patch offers one-bedroom apartments priced from $390,000 up to luxury 240sqm, 3 bedroom penthouses inclusive of 120sqm balcony, for $1,400,000.
Construction is scheduled to commence towards the end of 2016 and expected for completion by the middle of 2018.
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Contemporary 83 apartment Patch complex launched in Fitzroy North

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<div class="cq-article-content-paras section">
The Melbourne hip suburban fringe property developer Tim Gurner has submitted plans for his $350 million development in North Fitzroy.
It will feature terraced apartments with their own terrace gardens.
His architect, Koichi Takada proposes a cascading 16-storey development of about 550 apartments, covered in greenery inspired by the rice paddies of south-east Asia.  
Apartment prices will start at $450,000 for a 47-square-metre, one-bedroom apartment rising to $4 million for a 135-square-metre four-bedder.
Tim Gurner's proposed development will retain the existing industrial heritage facade, with a piazza offering community space and shops and restaurants.
The $40 million site was bought in February on <a href="https://www.propertyobserver.com.au/https://vhd.heritage.vic.gov.au/places/result_detail/104097?print=true" target="_blank">Queens Parade</a>. The site was the K.G. Luke Pty Ltd electro plate manufacturing factory created in 1938 for Kenneth G. Luke. 
In 1921 Kenneth Luke became a partner in a small metal-spinning and silverware business at Carlton.
By 1925 he was its proprietor and an employer of seven. These employees were still with him thirty years later, with 650 others, making an ever-increasing range of products: silverware, stainless steel surgical equipment, plated goods and glass-washing machines.
Luke went on to achieve many major public roles.
In 1938-55 he was president of the Carlton Football Club. A delegate (from 1935) to the Victorian Football League, he was its vice president (1946-55) and president (1956-71). 
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Tim Gurner proposes paddy fields-inspired North Fitzroy project

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Weekend sales included a warehouse offering sold to a buyer who flew in from Singapore to snap up an undeveloped Fitzroy North warehouse at auction.
The <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-122821702" target="_blank">6A/1 Bik Lane</a> offering sold for $1.216 million, just over its $1.1 million reserve set by the artist Polly Courtin who'd been there a decade.
There were three registered bidders.
The 120sq m building space boasted ceilings high enough to fit three storeys inside, the Nelson Alexander marketing suggested.
 
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Artist Polly Courtin sells Fitzroy North warehouse

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The landmark Salvation Army Barracks remains listed as trophy multi-zoned residence in North Fitzroy. 
The <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-119778747" target="_blank">720 Brunswick Street property</a> was dedicated by Army founder General William Booth in 1884 and is an integral part of North Fitzroy's history.
Today the barracks is on offer as a multi-zoned residence with scope for further redevelopment of its vast rear structure to further living space or townhouses. 
!n 1996, Curtis Marsh the Melbourne sommelier of the Wandering Palate bought the former Salvation Army barracks and transformed it into a coherent and useful family house on 550sqm.
Interior spaces include an luxurious living room and formal dining room, flowing to glass-walled courtyards topped by an 8.5m Baltic-lined beam-and-truss ceiling; not surprisingly a full dual commercial kitchen with restaurant class appliances and cool room; a mezzanine sitting room adjoining three double bedrooms, study zone and two bathrooms; powder room and climate-controlled wine room (20,000 bottle capacity). 
With extensive glazing to private outdoor living areas and views, this city-fringe residence features hydronic heating, air conditioning, Portuguese sandstone floors, full security and premium fittings.
Arch Staver and Rick Daniel of Nelson Alexander have the residence listed at $3,500,000, although initial listing in in August 2014 was $4,100,000.
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