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

Penthouses

<html><body>
The penthouse in Darlinghurst's Top of the Town apartment complex has been bought by property developer Duncan Hardie and his wife, Lyn.
He has paid $10.9 million to former media executive Cameron O'Reilly, who had bought it from the Sutton car dealership family for $8.25 million in 2007.
The dual-level apartment, sold through Alison Coopes at Agency by Coopes, has been rebuilt with swathes of glass and marble.
The three bedroom, three bathroom apartment has 700 sqm of space including its impressive rooftop lawn.
Duncan Hardie recently sold the Hunter Valley's Sweetwater winery.
He built the Mediterranean-style residence and commissioned Country Trader's Geoff Clark to fill it with antiques from across Europe.
Inspired by southern European vineyard estates, the 48 hectare holding came with reduced hopes after being listed with a $30 million price tag in 2015, but sold at a substantial discount to property developer Sam Arnaout.
Hardie has long aspired to an inner city penthouse being the $19 million off the plan buyer of a Wylde Street, Potts Point penthouse that failed to be constructed. 
This article first appeared in the Sunday Telegraph.
</body></html>

jchancellor-FAypfDUnLy

Cameron O'Reilly sells Darlinghurst's Top of the Town penthouse

<html><body>
Ramsay Health Care chief Chris Rex and wife Lynette have sold their Bondi Beach penthouse.
It was only last March that they bought it from the accountant Anthony Bell $7.35 million. 
A guide of $8 million was offered by the McGrath agent Bethwyn Richards.
Set in The Bondi, the 395 sqm apartment with 150 sqm rooftop had been recently leased at $3,750 a week. 
The long-time Bronte locals retained their hilltop home of almost two decades instead of making the move. 
This article first appeared in the Sunday Telegraph.
</body></html>

firstname1-iYD4UYzvBa

Bondi penthouse of Ramsay Health Care chief Chris Rex sold

<html><body>
The Inlet penthouse has been sold for $4,475,000 by the former professional motorcycle rider Craig Trinder and artist wife Helena Horsley.
The couple have lived in Main Beach's tallest highrise since 2004 upgrading four times to the penthouse in 2009 when they paid $3.5 million.
<a href="https://www.realestate.com.au/sold/property-apartment-qld-main+beach-123667890" target="_blank">Occupying levels 33 and 34</a>, the contemporary Breaker Street penthouse has three bedrooms and five bathrooms. There's 10 balconies including an entertainers' sky lounge with refurbished pool terrace with fireplace and spa.
Built by the Japanese developer, Daiwa in the early 1990s, it sold through McGrath Surfers Paradise agent James Ledgerwood.
Its gimmicky prior marketing saw it offered with a 2004 Ferrari Spider and a 2016 Aprilia motorbike, but not this time.
This article was first published in the Weekend Australian Mansion Australia property section.
</body></html>

j.ballantyne1990-6AQqhLzZaK

The Inlet penthouse sold for $4,475,000 at Main Beach

<html><body>
<div id="story-description">
An off the plan Sydney penthouse has sold for $27 million to set a new Australian apartment record.
The sale of the penthouse in the planned Opera Residences development at Circular Quay comes just days after a buyer paid $26 million for another penthouse in the same development.
<img src="/images/2016/11/21/700_opera11.jpg" alt="">
The 20-level Circular Quay tower is to be developed by Macrolink Landream.
All but one of the 110 apartments sold before midday Saturday, including the remaining sub penthouse, which went for $16 million.
The $27m penthouse was sold through CBRE agent Tim Rees who also sold the $26 million apartment.
The $27 million deal was signed “unconditionally” and the buyer was a local.
<img src="/images/2016/11/21/700_opera22.jpg" alt="">
Construction of Opera Residences, on the site of the old Coca-Cola Amatil building, will start in April with a December 2019 completion.
The two Opera Residences penthouse prices beat the previous record for the most expensive Australian apartment set by Melbourne’s Australia 108 development, where a penthouse sold last year for $25 million.
</div>
 
</body></html>

Now a $27 million off the plan penthouse sale on Macquarie Street

<html><body>
The Opera Residences penthouse at Circular Quay has been sold off the plan for $26 million, setting a new Australian apartment record.
The four-bedroom abode sits atop the 20-storey Macquarie Street complex that will replace the Coke-Cola Amatil building. It works out to be $95,000 per sq m.
Title Tattle gleans the undisclosed "local" buyer also bought two of the three-bedroom apartments below taking her total purchases to $57 million.
The mother is said to have purchased the other two apartments for her children, CBRE whispers suggest.
<img class="attachment-full size-full" src="https://static.domain.com.au/domainblog/uploads/2016/11/15232049/2_grm7z4.jpg" alt="There have already been more than 5000 inquiries for the development, says CBRE's Tim Rees." width="750" height="421">
The 104 apartments of Opera Residences formally go on sale this Saturday. 
<img class="attachment-full size-full" src="https://static.domain.com.au/domainblog/uploads/2016/11/15232049/2_gsqh3i.jpg" alt="The Australian apartment record was previously held by the $25 million penthouse in the yet to be completed Australia 108 in Melbourne." width="750" height="419">
The Australian apartment record was previously held by the $25 million penthouse in the Fender Katsalidis-designed Australia 108 complex (above) in Melbourne through CBRE agent Andrew Leoncelli in 2015.
“It’s a party pad for him, it’s not a home, it will be a social residence,” he said.
“He’ll give it to his friends, he’ll come and gamble at the casino. It’s a toy in many respects for him. It’s something he’ll use for four weeks of the year and lie vacant for the rest.”
Sydney's highest price sale was officially recorded at $18 million last year at 1 Macquarie Street in the so-called Toaster complex.
Opera Residences' prices reportedly won’t be set until the Friday night before the sale, but one-bedroom apartments will start from $1.5 million, twos from $3.5 million and threes from $6.5 million.
The two other sales by CBRE's Tim Rees were at $87,000 per sq m and $82,000 per sq m.
Construction will start in April with completion due in December 2019 of the building being developed by a joint venture of China-based developers Macrolink and Landream.
It has been designed by Tzannes Architects in collaboration with Crone Partners.
 
</body></html>

$26 million Circular Quay Opera Residences penthouse sale in $57 million swoop

<html><body>
Businessman and art collector Greg Hargrave has listed his penthouse atop the ultra establishment block, 99 Spring Street in Melbourne.
Encompassing <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-123965822" target="_blank">the entire 25th floor</a>, the four bedroom, three bathroom apartment has a home office and an outdoor terrace that offers views over the CBD.
The renovation is not to everyone's taste.
He's owned it since paying $4.08 million in 2013.
The building was originally constructed in 1968 as one of the first purpose built residential buildings in the Melbourne CBD.
The penthouse was once owned by Robert Holmes á Court.
Since then the building has been transformed by Kerry Phelan of KPDO. The lift foyer comes with graffiti art by Anthony Lister. 
Expressions of interest close December 6 with Kay &amp; Burton agents Michael Gibson and Monique Depierre.
 
 
 
 
</body></html>

Businessman Greg Hargrave lists Melbourne penthouse

<html><body>
Rag trader Ray Pillion has listed his lavish Darling Point penthouse in the Washingtonia building.
The four bedroom, four bathroom home is one of only two villas in the prestigious boutique block that was built six years ago.
Architecturally designed by Jahn and Associates, the <a href="https://www.realestate.com.au/property-apartment-nsw-darling+point-123770602" target="_blank">two storey home offers an expansive 550 sqm</a>.
There are a number of outdoor entertaining areas, one with a swimming pool, the other overlooking the harbour.
There's no price guidance but it was listed last year with $8.5 million hopes.
D'Leanne Lewis at Laing + Simmons Double Bay and Michael Pallier at Sydney Sotheby's have the listing.
Pillion had paid $6.5 million for the home in 2010.
 
 
 
</body></html>

Rag trader Ray Pillion lists harbourside Darling Point penthouse

<html><body>
It's a great time if you happen to be in the market for an ultra-luxury abode withinin one of Melbourne's premier apartment projects. There's no shortage of choice, with some of the more recent releases to the market looking to set new benchmarks for size, price and overall luxury.

Hot on the heels of Mirvac unveiling The Grand Pavilion Penthouse within their Eastbourne development, Optimus Developments are preparing to release K1 Residences.

What makes the K1 Residences unique is that every dwelling within the project spans an entire floor; 13 levels and 13 apartments. Located off St Kilda Road, Optimus Developments have chosen to put the rare offering to market.

The project's smallest residence measures a spacious 175sqm, with every apartment afforded 360 degree views. K1 Residences' penthouse will also include a 135sqm terrace and rooftop lap pool.

<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/image18_11.jpg" rel="gallery-all" title="K1 Residences. Images: DE atelier Architects"><img alt="" class="image-article-full-width-580px" height="404" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image18_11.jpg?itok=gye5IlXb" title="K1 Residences. Images: DE atelier Architects" width="580"></a>

<figcaption>K1 Residences. Images: DE atelier Architects</figcaption></figure><blockquote>
Fully delivered by Optimus Developments, we believe that K1 Residences will set a new benchmark for innovation and elegance in Melbourne. These are sophisticated and generous homes, with a sense of expansiveness that will embrace you upon arrival.

The apartments will feel like grand established mansions with private gardens.
<cite>Andrew Karpati, Chief Executive Officer, Optimus Developments</cite>
</blockquote>

While K1 Residences shapes as a project devoted entirely to penthouse-style dwellings, Mirvac's Grand Pavilion Penthouse shapes as the ultimate offering to the market. Set above the Eastbourne which will account for what is now the Dallas Brooks Centre, the Grand Pavilion Penthouse is a collaboration between Bates Smart and Mirvac Design.

The numbers for the Grand Pavilion Penthouse are impressive with 507 square metres of internal living space, supplemented by a 301 square metre terrace. Outdoor features include an 11 metre long transparent perspex sided pool and spa, and 50m frontage to the Fitzroy Gardens.

Set 11 levels above the street, Mirvac have now opened a tender process for the dwelling, with interested buyers having until mid-November to log their interest.

<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/image21_10.jpg" rel="gallery-all" title="The Grand Pavilion. Image: Mirvac"><img alt="" class="image-article-full-width-580px" height="246" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image21_10.jpg?itok=D5E5DIaL" title="The Grand Pavilion. Image: Mirvac" width="580"></a>

<figcaption>The Grand Pavilion. Image: Mirvac</figcaption></figure>Split between two wings, the Grand Pavilion Penthouse's west wing holds the master bedroom, walk in robes, ensuite, study, retreat and gym which can adapt to become a 5th bedroom. With either wing split between a central living/dining area, the eastern wing is devoted to the three remaining bedrooms, each with its own en suite and an additional bathroom.

The Grand Pavilion Penthouse also comes with parking for six vehicles and a Living Collection experience which includes an all-inclusive butler service, Pet au Pair and art curator provided over the course of a year.
While Mirvac's Grand Pavilion Penthouse shapes as Melbourne's best, competition is likely to come by way of Crown Resorts/Schiavello's One Queensbridge project. According to <a href="http://www.theaustralian.com.au/business/property/knight-frank-to-market-one-queensbridge/news-story/5607dcec8e5f8731963edd4b9e3111a8">The Australian</a>, the tower set for the banks of the Yarra will become Melbourne's first super prime development.

With a six star hotel included, One Queensbridge's private residences are also set to attain a similar level of luxury.
</body></html>

silvermb

Melbourne's new rash of penthouses continue to set the benchmark

<html><body>
The Sydney CBD apartment of property developer John Boyd and his wife Marly has been described as the most impressive penthouse in Australia.
It is now gaining international recognition, having been announced as a finalist in <a href="https://www.internationaldesignexcellenceawards.com/finalist/sydney-penthouse-apartment/" target="_blank">the SBID International Design Awards 2016</a> in the residential design category costing over £1 million.
The bespoke decor was undertaken by the Sydney interior decorator, Blainey North.
Competition for the coveted prize comes from all over the world. The public can vote.
There's an apartment in One Hyde Park in London, the world's most luxurious residential apartment complex, among the finalists, as is the Haibo Sheshan Villa in Shanghai.
The prize is even being sought by the designers who fitted out a luxury 40 metre boat, formerly owned by fashion designer Roberto Cavlli.
The Boyd's apartment sits 43 storey's high above the ANZ Castlereagh Street office block which John Boyd sold to Grocon in 2013, while keeping the penthouse that overlooks Hyde Park.
Everything inside the three level apartment is custom made, including what's been described as the biggest rug in the southern hemisphere which was hand-sew back together as one piece.
North had only been contacted by Boyd with the intention of buying some of her custom-designed furniture, but after seeing the bare space she convinced the Boyd's to let her design it.
“I feel really comfortable designing this scale,” she told The Australian's Wish Magazine.
“The idea I tabled with them at [the first meeting] is that I felt there needed to be some sort of connecting [motif] and so we developed this idea of the black ribbon.
"It outlines and connects all of the different levels,” North explains.
She reckons the apartment even has a Batman feel to it, with the black ribbon effect which is made of wood with six coats of lacquer.
It comes down from the ceilings, traces the windows, turns into the bar unit, becomes the balustrade of the staircase and runs into the bedrooms where it becomes the bedside tables.
It ends on the top floor with its pool and cabana.
“We have been talking about Batman all through the design process,” North added.
“When you drive into the basement, you come into your own private lift and ride up into your apartment above a bank, which has views all around the city. 
"It is totally private, it’s totally secure and it’s kind of like this life in the sky in the middle of the city.”
The project adds to North's already impressive portfolio, having previously been commissioned for Nicole Kidman and Keith Urban's 798 sqm amalgamated penthouse high above Lavender Bay.
She's also designed office space for actor Russell Crowe.
She’s also been billionaire James Packer's preferred decorator overseeing the re-opening of the Conservatory buffet restaurant at Crown Casino in Melbourne. 
North, who married Russell Crowe’s personal assistant, Keith Rodger in 2011, is a fan of art deco.
Indeed her first home – sold in 2010 to model Lara Bingle at $882,000 – was in an art deco Darling Point apartment complex.
It was a renovated, one-bedroom unit with views which North had paid $700,000.
John Boyd's wife, Marly says Blainey had a much greater vision for the apartment as a whole entity.
"It has personality, it has homeliness, but it also pays great respect to the architecture which was always important to us.” 
Visitors are apparently greeted in the entrance hall with a built-in floor-to-ceiling wine fridge full of the world’s best bubbles.
"You will always be offered a glass of champagne," says Marly when you visit the Boyds’ incredible home in the sky.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Blainey North shortlisted in SBID Awards for Sydney penthouse design

<html><body>
Former NRL Cronulla forward Ben Ross and his wife, Renai Sola, have listed their impressive Cronulla penthouse apartment.
The couple moved into the three bedroom, three bathroom apartment shortly after Ben proposed to Renai in 2008, while he was still at the Sharks.
The family, now with two daughters, are tipped to stay in the shire.
The three bedroom apartment, 200 metres from the heart of Cronulla, is a top floor fully renovated entertainers' pad.
It comes with two large balconies, private lift and ocean front views a dream.
Ben said that they love the fact there are stairs with direct access to the beach which they overlook from both balconies.
Greg Gilbert agents Alex Pitsis and Nathan Ogilvie have set an August 4 auction.
Originally from Queensland, Ross headed south to start his NRL career at St George Illawarra, before heading to Penrith.
He joined Cronulla in 2006 but only featured in 45 games over a three year period due to numerous injuries and suspensions.
Ross moved to South Sydney Rabbitohs for a year in 2010, then Ross returned to Cronulla for the 2012-13 seasons.
He always wanted to retire on his own terms, and with his neck held together with screws and plates, did so at the end of the 2013 season.
He played a remarkable 64 NRL matches after doctors declared he was just a millimetre away from life in a wheelchair.
Ross was offered a contract from then Super League club London Broncos but declined.
He is now the national welfare manager of Men of League which aims to provide assistance and support to players, coaches, referees, officials and administrators from all levels of the game.
Ross is also community ambassador for the Sharks and the NRL.
He recently revealed on social media that he secured his coaching accreditation as a senior club coach.
"Pumped to finally get my Coaching Accreditation! Now to find a team to coach... Any suggestions?" he popped onto his Instagram page.
The median unit price in Cronulla is peaking at $740,000, according to CoreLogic RP Data.
This article was first published in the Saturday Daily Telegraph.
<h1> </h1>
</body></html>

Penthouses

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Penthouses

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News