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

Retail

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The Blue Buddha is a new vegan offering to Melbourne’s café scene.
Officially opened on 27 July, the vegan café is located opposite the Queen Victoria markets.
With a focus on Fairtrade, organic and vegan coffees and food, the store’s fit out also includes recycled materials for their tables, chairs and crockery.
The food includes raw cakes, such as avocado chocolate cake, and a shitake mushroom based vegan bacon.
Located at 30/1 O'Connell Street, North Melbourne, it is a small 44 square metre site now painted with a frontage of a blue Buddha, to match the shop’s title.
<a href="https://sha.com.au/view.php?listing_id=5624" target="_blank">Upstairs is currently available for lease</a> as student accommodation in the Victoria Terrace Apartments development with 15 studio and 12 one-bedroom fully furnished apartments from $280 per week through Student Housing Australia.
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jduke-EHk3XBmHkn

Blue Buddha, vegan café opens in North Melbourne

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Clothing, jewelry and cruelty-free makeup shop Save Yourself is undergoing a move from the Hardwick Building to a new Brunswick Street address.
Their new address, set to be <a href="https://www.realcommercial.com.au/property-retail-vic-fitzroy-500967639%20%20" target="_blank">284 Brunswick Street, Fitzroy</a>, was up for lease through Fitzroys – Melbourne and has a floor area of 98 square metres. It adjoins the newly opened Stagger Lee’s café, includes rear access and had an advertised rent of $75,000 per annum plus GST and outgoings.
<a href="https://www.saveyourselfboutique.com.au/pages/the-shop" target="_blank">Save Yourself</a>'s opening date is yet to be confirmed, but will retain its focus on local and sustainably made eclectic products.
Formerly known as OKOK, known for hosiery, they officially opened their <a href="https://www.commercialrealestate.com.au/property/2009842498/for-sale/vic/brunswick/retail" target="_blank">Hardwick Building, Sparta Place, 459 Sydney Road store</a> as Save Yourself on 20 September 2012. Their last open day prior to the move was 19 July.
OKOK had held the Shop 16 property on a two year lease, with rent at $18,616 per annum plus GST. The store was 24 square metres plus mezzanine, with outgoings paid by the tenant.
At their Sparta Place residence they’d previously held pop-up bake sales with local Hello You bakery and held The Design Journey exhibition.
Their previous premises are re-let through Red Dot Real Estate.
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Save Yourself relocates from Sydney Road to Brunswick Street

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A mixed-used development on the main shopping strip in Highett, was awarded the Mainstreet Australia Mainstreet Activation award at a gala event last month.
Launched in mid-2013, the development, on the corner of Highett and Graham Roads in Melbourne, includes a retail hub, a socially activated mall and streetscape, and aimed to reinvigorate local commercial opportunities.
<img src="/images/2014/08/06/highett-aug-6-breakout-2.jpg" alt="">
ClarkeHopkinsClarke architect Toby Lauchlan said that their Highett creation is the first of its kind.
“For ClarkeHopkinsClarke rejuvenating streetscapes which are often seen in disrepair in suburban Melbourne, is about creating vibrant communities and injecting much needed life through design,” Lauchlan said.
“We set the bar high on all of our work and liaise closely with the community to deliver a shared vision and we’re glad the UDIA and Mainstreet Australia judges both recognize our collaborative efforts have helped transform another community.”
The project has generated 140 full time, part time and casual jobs since the opening of the centre, and has contributed to the safety of the area for those accessing the train station.
“The site once had old warehouses where planes were built in the war and we now see a strip of award winning urban design,” Lauchlan said.
Retail tenancies are current achieving higher rents that estimated initially.
The property also includes residential apartments, with 120 of the 130 selling off the plan prior to completion, explained Accord Property Group managing director Scott McVilly.
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Highett, Melbourne development wins Mainstreet Award

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<div>
The international fashion chain H&amp;M will shortly open its first Sydney store in the revamped Macquarie Centre in North Ryde.
</div>
The Daily Telegraph reports the store is expected to open on 16 October in Sydney's north-western suburbs.
Macquarie Centre will possibly have other global brands including Victoria’s Secret, Uniqlo and Zara, whom are all currently negotiating leases.
David Jones and Myer will be there too, all hoping to capitalise on the forecast that by 2031 Macquarie Business Park will be Australia’s fourth-largest business centre.
Australia's first H&amp;M fashion store<a href="/expert-insights/investing/h-m-set-for-australian-roll-out-as-its-first-local-store-launches-tomorrow"> opened in Melbourne's GPO building</a> in the Bourke Street mall in April.
The chain has about 3,182 stores in 53 countries, opening a further 375 this year.
It took around three years to find the initial outlet sites in Australia, including the distribution warehouse at Eastern Creek in Sydney. 
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jchancellor-FAypfDUnLy

H&M's first Sydney store set for a 16 October opening at Macquarie Centre, North Ryde

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Three Red Rooster sites in Brisbane have been sold to private investors for a total of more than $6.6 million, with the freestanding drive-through sites attracting interest in the formal tender process.
Savills Retail Investment Sales’ Peter Tyson and Michael Harcourt took the sites to market, located in Cannon Hill, Deagon and Kelvin Grove (pictured above), which have sold for $2.5 million, just under $2 million and $2.2 million respectively.
Deagon’s Red Rooster is under contract, although not yet settled. Yields are around 5%.
Tyson said interest in the sites was strong, with a total of 230 enquiries, 65 contracts distributed and 18 formal tenders received. They are cash deals.
“Auction clearance rates in Queensland are currently lower than in the southern states. The formal tender process requires buyers to submit unconditional bids within a private forum whilst maintaining the competitive tension of an auction,” he said.
Harcourt said that the security of prime retail investments, anchored by a well-known fast food brand, was attractive to investors.
He also said that the success comes from their high profile locations, and said that the freestanding retail food sector is strong.
“These are ideal investments for private investors and Self-Managed Superannuation Funds given their prominent locations and strong lease covenants to major national retail groups,” he said.
“Demand for these types of properties is running hot among private investors as they offer strong investment fundamentals at attractive entry level prices and ease of management.”
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Three Brisbane Red Rooster sites gobbled up for $6.6 million

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Today, <a href="https://rawtrader.com.au" target="_blank">Raw Trader</a>, a vegan raw dessert café, opened its doors in Melbourne.
On 10 Sutherland Street, the address is conveniently near Melbourne Central Station.
They specialise in paleo, gluten free, raw, vegan desserts and use organic materials. All ingredients, including nut milks, are handmade on the premises.
They call their products “Decadence without the guilt”, and it would be most closely matched by Richmond, Melbourne’s Pana Chocolate store.
The store founder who is leasing the address as Raw Trader told Property Observer that she felt the store was the right size for her to commence her first independent business venture, being in a good location and accessible by public transport.
She had been looking for two months for a site before coming across it, and is proud of her fit out which combines rustic elements of the natural world with the urban contemporary elements of modernity.
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New raw vegan dessert outlet opens in Melbourne CBD

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Retail property sales are up 26% on the same period in 2013, even which yields are sub-7%, according to Savills Australia.
The Melbourne Retail Sales Summary data has found that bulky goods sales had doubled from $52 million in the 12 months to June 2013, to $106 million this year.
Meanwhile, shop transactions were up from $252 million to $261 million.
Regional retail centre sales were a stand out, accounting for 29% of the total retail activity in the state.
Glenn Lampard, Victorian head of research for Savills, said that the figures were boosted by some significant transactions, with prices up but number of sales down. There were 77 properties sold this year, compared to 106 last year.
“Sales are up on last year in dollar terms by more than a quarter and that reflects an investment market which recognises that retail property possesses sound fundamentals and presents well as a long term play,’’ Lampard explained.
Funds have been the most active – purchasing 47% of stock.
However, private investors purchased the most in terms of numbers of properties – with 52 sales.
Here are the standout enclosed centre sales from Savills:
<img src="/images/2014/07/30/chart%20of%20the%20week%20july%2030.jpg" alt="">
Source: Savills
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Victorian retail property sales up 26% over year

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Wingham Plaza Shopping Centre, on the NSW mid north coast, near Taree, has been sold for $10.8 million.
Peter Tyson and Jon Tyson of Savills Retail Sales secured the sale to an Australian-based Taiwanese investor.
Coles makes up close to 70 per cent of the centre's total income of the single-level neighbourhood shopping centre.
It included a freestanding Caltex fuel station. 
The complex was extensively redeveloped and extended in 2009 occupying a one hectare corner site at 113-123 Isabella Street bordering the main commercial precinct of Wingham.
It has a gross lettable floor area of approximately 4,366 square metre, grade level car parking for 137 vehicles.
The sale of Wingham Plaza is the latest in a number of shopping centre sales transacted by Savills on the NSW mid north coast, including the sale of Manning Mall sub-regional shopping centre in nearby Taree for $32.6 million in 2013.
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NSW mid north coast's Wingham Plaza sold for $10.8 million

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The property developer and investor Theo Onisforou has shown confidence in his Oxford Street, Paddington fashion precinct.
He had added a Glenmore Road corner terrace (pictured above) to his property portfolio.
Theo Onisforou is the founder of The Intersection, a vibrant shopping location at the junction of Glenmore Road and Oxford Street.
In 2011, the SMH fashion writer Georgina Safe wrote the intersection had blossomed into one of the country's premier destinations for local designers.
Onisforou says streets like Oxford Street, Paddington, King Street in Newtown, Campbell Parade at Bondi Beach and the Corso at Manly have the potential to benefit of having tourist traffic.
He suggests these streets benefit by having local, interstate and international tourists adding to their catchment market.
Visiting shopping celebrities have included Katy Perry and Reese Witherspoon.
He was inspired by Brompton Cross, an upmarket corner of Chelsea in London.
<img src="/images/2014/07/30/paddington%20july%2030%20one.jpg" alt="">
He says his Paddington retail strip provides cafe lifestyle, people watching and shopping as "entertainment."
Shopping centres do not provide this outdoor feeling, Onisforou says. His anchor tenant is Jackie's Cafe surrounded by a strong suite of fashion outlets.
<img src="/images/2014/07/30/paddington%20july%2030%20three.jpg" alt="">
List of tenants at  The Intersection, Paddington.
Onisforou's latest acquisition is being earmarked for cafe usage is on an expansive corner block at the corner of Glenmore Road and Hopewell Lane.
It is a four level terrace with 325 square metre space which sold through Bradfield Cleary this week zoned 3(c) business neighbourhood.
It will be the Intersection's 30th tenant.
<img src="/images/2014/07/30/paddington-july-30-floor-plan.gif" alt="">
Floor plan for 18 – 18a Glenmore Road, Paddington.
Onisforou's first fashion tenant, Scanlan &amp; Theodore, opened at the corner of Glenmore Road in early 2004.
At one point Onisforou proposed a change in council control over the nearby street's hardest-hit retail tenancy area from Woollahra Council to Sydney Council.
The call has prompted a joint effort between the two especially in regard to car parking clearway desires by Sydney Lord Mayor, Clover Moore and Woollahra Mayor Toni Zeltzer.
Moore has asked for the clearway to be removed completely in mayoral minute last Monday night.
The clearways operate from 6am to 10am in the westbound direction and 4pm to 7pm in the eastbound direction given bus lanes. 
City of Sydney Council also seeks to introduce a 40 kilometre an hour speed limit on the street.
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Theo Onisforou's The Intersection Paddington expands

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With an eight year net lease to Huxtaburger, 205-207 High Street, Prahran is up for auction on Friday 1 August through CBRE.
The <a href="https://www.realcommercial.com.au/property-retail-vic-prahran-501197999%20" target="_blank">Prahran premises of the iconic national food brand</a>, notable for their 'hot beef, cold beer' American-diner style combination, is located beneath a 323 apartment complex.
It is an eight minute walk from Prahran Station, and located near to Dominos,
Huxtaburger has two other stores - in Collingwood and the CBD - and is under the Huxtable restaurant brand.
The Prahran outlet is the most recent of the burger joints, opening in November 2013. Founder by Dante Ruaine, the Collingwood and CBD Huxtaburger stores boast sales of 7,000 buns a week, as of late last year.
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Developments

New apartments

New townhouses

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