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

Property

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Launched earlier this month, Melbourne real estate agency LongView is aiming to introduce a fundamental shift in the property investment space - offering property investors and mum and dad home owners a variety of services that will help them capitalise on their property investments.

LongView is offering Guaranteed Rent on any property an investor owns, providing them with financial security. LongView services over 1,800 properties across 146 suburbs all over Melbourne – enabling property investors and industry partners to have a single agency for all their Melbourne business.

LongView expects its Guaranteed Rent will provide property owners with a welcome boost, particularly with the growing uncertainty surrounding the future value of Melbourne’s property prices. Irrespective of whether the property is tenanted or vacant or whether the tenant is on time with paying rent or not, LongView's goal is to take the risk out of property investing.

Co-founder Evan Thornley, leads LongView’s executive team as Executive Director along with Antony Cohen - a former Senior Partner and Board Director of KPMG. According to Thornley, LongView is the only agency that offers their customers a binding legal contract for Guaranteed Rent on any investment property - at full market value, ensuring secure cash flow for landlords and investors.

For more information visit https://longview.com.au

<h2><a href="https://longview.com.au/our-team/#leadership">Evan Thornley, Executive Chair</a></h2>

<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/evan_2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/evan_2.jpg?itok=SX5v7Cmt" width="580"></a></figure><blockquote>
“Investors have been demanding change for a long time and we have spent four years of intensive research developing every aspect of LongView Real Estate. We’ve been talking to property investors and listening to their concerns and hearing their needs.

While Guaranteed Rent is a fantastic concept that we are very proud of, we absolutely focus on getting the basic services to clients right as well. That means being accessible till 10pm at night, have clear contact details in every email and regularly asking and measuring our client satisfaction.

LongView’s focus is on servicing investors’ needs, and helping them understand all the options to maximise value from their property investments - not constantly pressuring to sell - that’s our point of difference.

Property investment is a long game.  Investors need an agency that will deliver the basics every day for decades and give them unbiased advice on all their options when the big decisions come for each property.

We have developed a model that works, using data to help support our insights. We offer a unique Guaranteed Rent for their property – something no other agency will do. By delivering the basic services with measured quality standards and guaranteed cash flow, we offer property investors stability and peace of mind.

Property investors make their money over decades through capital growth and rising income. We offer an alternative to traditional real estate agencies that aren’t focused on investors and push for a one-month romance to pressure you to sell. We seek to deliver the best basic services every day for decades and unique options and services for the big property decisions.”
</blockquote>
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urban.com.au

LongView launches with aim of introducing a major shift in real estate

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Located 23km east of Melbourne’s CBD, Ringwood is beginning to fulfil its potential as a state government-designated development area. Considered fringe suburbia until 15 years ago, Ringwood has enjoyed a substantial growth in recent years, with Apartments.com.au currently tracking 19 projects at various stages of their respective life cycles within the Ringwood Metropolitan Activity Centre, reinforcing its status as a burgeoning satellite city.

With a population of 17,471* and rising, a range of factors have contributed to Ringwood becoming a key property hot spot with investment from both the private and public sectors. The major catalysts has been the $66 million redevelopment of Ringwood Station and the $665 million expansion of Eastland Shopping Centre, which also included a Sage Hotel - the first to be developed above a shopping centre in Melbourne.

Additionally, as Melbourne seeks to decentralise into a series of 20 minute neighbourhoods, Ringwood is capitalising on its proximity to schools, freeways, public transport and major shopping destinations such as Eastland. 

<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/ringwood_development.png" rel="gallery-all" title="Ringwood's development pipeline"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ringwood_development.png?itok=2O9d1-rI" title="Ringwood's development pipeline" width="580"></a>

<figcaption>Ringwood's development pipeline</figcaption></figure>More recently hotel operator IHG announced it had signed an agreement to operate a Holiday Inn-branded mixed-use development, signalling its confidence in Ringwood. The development will feature 82 apartments and a 164-room hotel offering all day dining and bar, conference and meeting facilities, a gym and a swimming pool, along with on-site parking.

Opening in 2020, the Holiday Inn &amp; Suites Melbourne Ringwood is being developed by Ninety Four Feet and Omni Property Group who recently signed Hamilton Marino to build the CHT Architects-designed complex.

<blockquote>
We are thrilled to sign our second hotel with IHG, and our first hotel in Australia. Ringwood is an exciting destination, with a vibrant community and growing business investment that has included a $66 million upgrade to Ringwood Train Station and a $665 million expansion of Eastland Shopping Centre. We are confident that, with the world’s largest brand family behind it, Holiday Inn &amp; Suites Ringwood will be a huge success

- Dean Rzechta, Managing Director at Ninety Four Feet Property Development (via <a href="https://www.propertyobserver.com.au/https://www.thehotelconversation.com.au/news/2018/10/08/holiday-inn-hotel-announced-melbourne-suburb-ringwood/1538950503">The Hotel Conversation</a>)
</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/holiday_inn_-_ringwood_2.jpg" rel="gallery-all" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation"><img alt="" class="image-article-full-width-580px" height="372" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/holiday_inn_-_ringwood_2.jpg?itok=3YiuxK2e" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation" width="580"></a>

<figcaption>The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation</figcaption></figure>Developer OzProperty has also found recent success with its Highwood residential development designed by DKO Architecture, which delivered record-breaking capital appreciation for Ringwood on a challenging site. Completed in late 2017, the master planned development comprises 36 town houses,with an emphasis on maximising light to interiors and providing a variety of architectural typologies along the streetscape.

<blockquote>
DKO has designed Highwood with a range of streetscape typologies to reflect families who make up a large proportion of the local area. It is no surprise that one of the homes at Highwood has broken the record for capital appreciation because Ringwood is an exciting area for everyday people who are looking to get onto the property market. It’s one of several government identified growth zones, where infrastructure and industry will be leveraged for capital growth.

- Koos de Keijzer
</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/ebp_ozproperty_highwood_ringwood-6298.jpg" rel="gallery-all" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty"><img alt="" class="image-article-full-width-580px" height="202" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ebp_ozproperty_highwood_ringwood-6298.jpg?itok=xOYrAVO_" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty" width="580"></a>

<figcaption>OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty</figcaption></figure>Purchasers Lu Dongyan &amp; Duan Hongbo purchased Highwood’s Lot 26 off the plan in 2015 for $549,000 and settled the property on 6th November 2017. They decided to sell their home a few months later in April 2018 for $702,500. They making a profit of $153,500 in 5 months.

Highwood has demonstrated that demand for highly considered, architecturally designed medium density homes with multiple typologies, and close to amenity and transport are still highly sought after.

<blockquote>
The overall Melbourne market is generally challenging, however areas such as Ringwood are still maintaining strong interest from buyers. The primary reason is the recent infrastructure and private development spending has now been delivered, making Ringwood a great place to be, but another part of the story is price attainability and affordability. You can still get a 4 BR townhouse, suitable for a family, under $1m. We’re all aware the challenge in the current market is the limited liquidity and credit due to the main banks’ lending policy changes, so affordability is critical. 

Ringwood was a suburb in transition. The central Ringwood area was earmarked for over $1b in developments including the Eastland expansion, new Costco, Ringwood train station upgrade and a series of mixed use developments. Furthermore, the supply of large parcels of land was limited, so we had a unique opportunity to offer a high quality medium density solution in the backdrop of all the other higher density development activity.

With most of the infrastructure and developments now complete, Ringwood today offers a much higher level of liveability than other suburbs. It’s surprisingly walkable and the green, leafy outlook is just wonderful.

- Raghav Goel, Director, Oz Property
</blockquote>

Established in 2007, Oz Property Group is focused on delivering sustainable, considered developments around key activity zones in response to a rapidly evolving and growing Melbourne market.

* 2016 Australian census data
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Laurence Dragomir

Ringwood's development scene and property market remain strong

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An online marketplace has been launched for finding hot desk, meeting room and short notice office space.
Hosts on Spare Workspace can list for free and accept bookings from anywhere in real time. with a service fee of up to 10 percent from each booking, or 3-10 percent for PRO accounts applied.
Founder Jake Dimarco said expected users are mostly likely to be freelancers or start-ups who need an affordable and flexible workspace, professional services with a small team, or a business traveller wanting on-demand space to work while in another city.
“They’re looking for the flexibility to change workspaces depending on their circumstances, or for a collaborative environment where they can work with others," he said.
“A hair salon with three unused chairs or a cafe’s kitchen outside of hours could be perfect to list on Spare Workspace as the platform grows.
“Whether you have a meeting room, desk or event space, you can easily share it with others. For our hosts it is free to list, and although SpareWorkspace takes a nominal fee, it remains a cost-effective way to utilise a space that may not otherwise be used. Plus, hosts can manage their growing collection of spare workspaces via our online dashboard. ”
“Our easy to use platform helps businesses every step of the way. From marketing their space to taking payments, Spare Workspace is designed to be a seamless addition to help manage an existing space. Plus, all our hosts can take advantage of on-the-ground support and local knowledge.”
Dimarco said the benefit to the “typical” Spare Workspace user will be the ability to book space from as little as one hour to up to 12 months.
 
 
 
The site launches with the majority of listings focusing on Brisbane and Sydney locations but is expected to expand nationally by the end of the year.
While the current offering focuses on existing co-working space and offices, Dimarco noted there was opportunity to branch into allowing businesses like hair salons and cafes to offer their unused spaces.
Spare Workspace has partnered with Wotso Workspace, Microsoft BizSpark, PIN Payments, Uber and Corporate House.
Visit Spare Workspace online <a href="https://spareworkspace.com.au/" target="_blank">here</a>. 
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j.ballantyne1990-6AQqhLzZaK

Spare Workspace launches to share and book empty workspaces with others

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Burwood's suburb record was smashed when an eight bedroom home on 3687 sq m block at 4 Woodside Avenue sold for $6.5 million.
The property had been passed in on a <a href="/expert-insights/buying/9-million-vendor-bid-for-wellings-burwood-stuns-auction-crowd">vendor bid of $9 million in August last year</a>.
Agent Romani Iskander of Raine and Horne Burwood secured the sale to local Amy Shen who had been looking for a family home for a fortnight, before she, her husband and their three little boys discovered the pink palace, which was knocked down to them by auctioneer Tom Panos.
Wellings, one of the oldest estates in Sydney's inner west, had been listed by artisans Frank and Marcellina Civardi, of Civardi Furniture.
They had secured the 3,679 square-metre Burwood estate in 1990 for $900,000 when it was unliveable.
Heritage architect Lester Tropman helped restore the gothic-style villa which dates back to 1813.
It was first officially recorded in the 1830s as owned by London shipowner William Richards and extended over the year starting from 1860.
The Burwood median house price sits at a record $1.75 million, <a href="/news">according to CoreLogic RP Data</a>.
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Burwood's record has been regularly revised sitting for a few months at $4.75 million on the Appian Way, having been $4.46 million when Ivanhoe, at 16 Eurella Street sold late last year.
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Wellings is located at 4 Woodside Avenue East on 3,679 square metres, with not only the main residence but also The Gatehouse.
The three-bedroom gatehouse is one of the first pre-fabricated homes in Australia.
The gatehouse was made in Hamburg, then exhibited in Paris in 1854 before it was imported for the French Consul General's residence in Hunters Hill, Passy.
It was moved to Wellings in 1967 by former owner Dr Lindsay Grant and his wife, Adeline (nee Agnew).
The estate featured in the 2005 movie, Son of Mask.
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Burwood's new record residential sale

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Homes with helipads are a rarity in Sydney. Estate agent Anthony Walls at Max Walls International has one up for sale at Elanora Heights with a $6.5 million asking price for the two hectare holding. 

It last sold in 1984 for $185,000 when bought by Laurie McIver and his widow, Paulette, who has a flying licence too. Surrounded by Garigal National Park, the property has views across the lagoon towards the Pacific Ocean from the two storey house with nine car garaging. But its special cache is the <a href="https://www.maxwalls.com/buying/search/detail.aspx?id=ID162&amp;lid=21220" target="_blank">private heli-pad plus hangar</a>.

Flying out of Hoxton Park, Laurie headed McIver Aviation with his flying school evening training Dick Smith a manouvre or two in fixed wing flying.

<a href="https://www.maxwalls.com/buying/search/detail.aspx?id=ID162&amp;lid=21220" target="_blank">The 1980s house</a> sits next to the Starship Enterprise-inspired 2008-built home that Peter Chedid, a lifelong fan of Star Trek, sold on Caladenia Close earlier this year for $8.4 million. 

The last northern beaches hinterland sale with helipad was when former radio broadcaster Doug Mulray sold in 2010 at Cromer to miner Tony Haggarty for $8,275,000.

<h2>NSW homes selling now:</h2>

[smartcode_project:default project_id=8590]

[smartcode_project:default project_id=29359]

[smartcode_project:default project_id=25842]
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Sydney northern beaches acreage home with heli-pad offering

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Holdmark's latest Kingston Quarter, Shepherds Bay project at Meadowbank failed to match trend expectations when CBRE sought to sell 150 apartments on the weekend.
Just 65 of 150 the apartments sold on the first day of the launch in the Robertson + Marks designed offering.
Penthouses and split-level three-bedroom apartments were the most popular, according to Fairfax Media, with the highest price at $1.8 million.
One-bedroom apartments were selling at $610,000 or more.
The Shepherds Bay urban project, at Meadowbank, has some nine stages of residential development with an estimated dwelling cap of 2,005 dwellings. 
There were a reported three weekend offshore buyers requiring FIRB approval.
In July last year David Milton, managing director of CBRE residential, was selling <a href="https://www.shepherdsbay.com.au/" target="_blank">Shepherds Bay</a> one-bedroom apartments starting at $495,000, two-beds at $655,000 and three-beds at $845,000.
The Shepherds Bay site is located 14 kilometres north-west of the Sydney CBD and on the Shepherd’s Bay foreshore between Ryde and Meadowbank.
The site previously comprised part of the former Meadowbank Employment Area which is transitioning from manufacturing and light industrial uses towards the development of a high density mixed use neighbourhood.
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CBRE Shepherds Bay sales pitch flops on Parramatta riverfront

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I was left eating humble pie this week following comments I made in an interview that appeared in the Australian Financial Review pertaining to the federal government’s announcement that another six homes had been identified as being acquired illegally and a further 462 sales under investigation. 
My response was “It’s nothing more than a PR stunt and a distraction. It’s been done for feel-good cuddles” – how wrong was I.
Later that day, I received an email from the Australian Taxation Office (ATO) boss heading up this investigation which (politely) outlined the detail of their inquiry which clearly identified the magnitude of this investigation which earnestly commenced in May this year. Owners of property bought illegally must voluntarily contact the ATO prior to 1 November 2015 to receive an amnesty of not being prosecuted.
Now once and for all, we will find out exactly what’s been happening as I have been saying for quite some time that this is rife within the real estate industry. It will be fascinating to see what recommendations are made and then implemented. I have been a strong proponent of tax file numbers being provided to the ATO on the exchange of contracts for every residential sale. It will also be interesting to see if the 100% selling ratio for all new developments is brought back to 50% as it was in 2008? Opening up our property markets to international exposure has certainly led to rapid price growth from Asian property investors.
Australia had a record number of 1.7 million international tourists visit last year which included a 21% surge from China.
This inquiry is timely given the number of recent global warnings of money laundering in real estate where Sydney and Melbourne have been suggested as hot spots. Residential property in Australia is the single largest and most valuable asset class worth an estimated $5.7 trillion. Sydney now ranks third in the world for luxury residential annual price growth according to Knight Frank’s Prime Global Cities Index. Sydney’s 12.5% growth now sits just behind Miami on 13.9% and Vancouver on 15% annual price growth. The report also identified that “a year ago eight cities recorded double – digit annual price growth. This quarter only four cities fell within this bracket.”
China’s shock devaluation significantly raises the risk that the Reserve Bank of Australia (RBA) will be forced to cut the cash rate further which is a worst case scenario for the RBA. More particularly when this week Deputy Governor Philip Lowe said “Given the position of household balance sheets, it is unlikely to be in our long – term interest for a consumption boom to be financed by a pick –up in household borrowing.”
“Ever-rising house prices, relative to our incomes, do increase risks in the economy and are unlikely to make us better off as a nation. Rising housing prices are best matched by rising incomes.”
Then of course we will have to wait to see how many divestment orders are issued by the ATO where hopefully the owners won’t be allowed to “flip” which was the case when Villa del Mare was issued with the first divestment order a few months back.
Another interesting aspect will be closely watching the Sydney and Melbourne clearance rates now that it is very clear the role that the ATO is playing with their pursuit of illegal purchases given that I am not the only one who thought this was all political shirt-fronting.
<h5>MOSMAN – 2088</h5>
• Number of houses on the market this time last year – 63
• Number of houses on the market last week – 48
• Number of houses on the market this week – 47
• Number of apartments on the market this time last year – 55
• Number of apartments on the market last week – 41
• Number of apartments on the market this week – 40
<h5>CREMORNE – 2090</h5>
• Number of houses on the market this time last year – 7
• Number of houses on the market last week – 3
• Number of houses on the market this week – 2
• Number of apartments on the market this time last year – 14
• Number of apartments on the market last week – 30
• Number of apartments on the market this week – 18
<h5>NEUTRAL BAY – 2089</h5>
• Number of houses on the market this time last year – 4
• Number of houses on the market last week – 2
•Number of houses on the market this week – 2
• Number of apartments on the market this time last year– 36
• Number of apartments on the market last week – 26
• Number of apartments on the market this week – 25
 
ROBERT SIMEON is a director of <a href="https://www.rwm.com.au/" target="_blank" title="RWM" rel="nofollow">Richardson Wrench Mosman and Neutral Bay</a> and has been selling residential real estate in Sydney since 1985.  He has also been writing real estate blog <a href="https://www.rwm.com.au/news/" target="_blank" title="Virtual Realty News" rel="nofollow">Virtual Realty News</a> since 2000. 
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Federal government property taskforce not for feel-good cuddles: Robert Simeon

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The latest chart from the Reserve Bank of Australia on household wealth and liabilities has tracked a stable increase in net worth since mid-2011. 
Dwellings and financial wealth is increasing evenly.
<a href="/images/2015/08/13/Screen%20Shot%202015-08-13%20at%2011.31.09%20AM.png">Click to enlarge</a>
<img src="/images/2015/08/13/Screen%20Shot%202015-08-13%20at%2011.31.09%20AM.png" alt="">
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mick.cee-iDmgDDAmu8

Property, financial wealth on stable increase: RBA

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Apartments in Dubbo, Newcastle and Sydney are in the peak of the market, according to the Herron Todd White August 2015 property clock.
Canberra, Adelaide and Whitsunday apartments are now deemed at the bottom of the market.  
Brisbane, Bathurst and Mudgee are now in a rising market.
<a href="/images/2015/08/13/Screen%20Shot%202015-08-13%20at%208.20.00%20AM.png" target="_blank">Click to enlarge</a>
 <img src="/images/2015/08/13/Screen%20Shot%202015-08-13%20at%208.20.00%20AM.png" alt="">
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Dubbo, Newcastle apartments at peak market: HTW August 2015 property clock

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The New South Wales Government's investment campaign NSW Now has released a handy property and investment shopping list for potential Chinese investors as part of a sales brochure of tourism investment opportunities and property in NSW.
Iconic Sydney sandstone buildings, harbour side greenfield sites and even the Jenolan Caves get a mention in the release, which describes the history of the property and links for tender information.
The shopping list highlights property such as:
1. The Lands Building, 23-33 Bridge St, Sydney
2. Jenolan Caves
3. Ausgrid Building, 570 George St, Sydney
4. Georges Heights Fuel Tanks, Headland Park, Mosman
5. Headland Park greenfield site, Mosman
6. North Head Sanctuary Officer's Mess
 
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