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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A retail strip property located in Boroondara’s Camberwell shopping precinct has been offered for sale with price expectations exceeding $11 million.
CBRE Melbourne’s Retail Strip Investments team of Rorey James, JJ Heng, Sandro Peluso and Lewis Tong were appointed to market the property for sale in conjunction with Phillip Almeida of Performance Property Advisory.
Located at <a href="https://www.commercialrealestate.com.au/property/620-624-burke-road-camberwell-vic-3124-2015493828" target="_blank">620-624 Burke Road</a>, the two-storey property was once occupied by Australian Unity and has since been a medical associated building for more than two decades.
CBRE’s Mr James said, "the property’s current tenant has no further lease options, opening up the opportunity for developers, owner-occupiers and investors to compete for it.
Featuring a ten-metre frontage to Burke Street with rear access to a large council car park, it's also one of the largest landholdings within the retail strip.
CBRE’s Mr Heng noted that three of CBRE’s four recent Camberwell transactions have involved international Asian purchasers, suggesting the trend is likely to continue with the sale of 620-624 Burke Road.
The 828 sqm property is currently leased to PharmaSave, generating annual net rental revenue of $617,733 (after land tax) with potential to generate additional income from 262 sqm of unused space.
620-624 Burke Road was offered to market via an international expressions of interest campaign which closed August 28, 2019.
Offers are currently under review.
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j.ballantyne1990-6AQqhLzZaK

Camberwell retail property tipped for $11 million plus sale

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Retail builder Mainbrace Constructions has been appointed by development manager DMA Partners and owner JMK Retail to construct the new Yamanto Central retail development.
Located in the Ipswich suburb of Yamanto, the Yamato Central development looks to create over 500 jobs during construction.
Set to be anchored by a Coles supermarket and Kmart, the new Yamanto Central will house about 50 stores over 20,000 sqm.
Local infrastructure upgrades including extensive roadworks are a key component of the project, providing access improvements to the centre. 
Yamanto Central will include on car parking for 750 cars.
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Mainbrace’s involvement in the greenfield project south west of Brisbane and in the high growth area of Ipswich, adjacent to Amberley air base, began in 2017.
The company worked with DMA Partners and JMK Retail in an Early Contractor Involvement (ECI) capacity to ensure the concept design is build-ready and within budget.
“The new Yamanto Central will be a state-of-the-art shopping destination which will serve a vital function in the growing local community,” Mainbrace QLD State Manager Duncan McAndrew said.
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Mainbrace has recently signed nearly $90 million of new retail work in the state, with new projects for Charter Hall at Atherton, a new food store at Indooroopilly, Home Co at Springfield and the re-purposing of a former Masters bulky goods property at Everton Park.
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Retail builder Mainbrace appointed to construct Ipswich's Yamanto Central

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A two store commercial strip investment at Richmond is set for an october auction 
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Located at 142 Bridge Road between Lennox Street and Wustemenn Place, the property comprises a 135 sqm, two level, Edwardian style building. 
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Previously operated as a restaurant, the ground floor comprises a dining area and commercial kitchen and on the first floor mezzanine, a function area.
It also benefits from first floor storage/office space and a rear courtyard. 
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The Commercial 1 zoned site has just under five metres frontage to Bridge Road and secondary access via a laneway at the rear to parking. 
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Teska Carson’s Fergus Evans and Adrian Boutsakis have the listing.  
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"This property will have enormous appeal to investors and owner-occupiers with its close proximity to the $350 million Epworth Hospital redevelopment along with several new developments due for completion in 2020/2021, and on one of Melbourne’s best known and most popular retail strips,’’ Mr Evans said.  
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Mr Boutsakis said the area had enjoyed commercial and residential development in recent years driven by population growth and the first rate amenity in close proximity to the CBD.  
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He said the location also benefitted from excellent public transport, recreational facilities and close proximity to major arterial routes.
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The property will be auctioned on Friday, October 11. 
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Edwardian style Richmond Hill retail building on market

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A corner property on Parramatta’s Eat Street has been listed for sale via expressions of interest. 
The property at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLeGnfqPgIdmzmVW8USMH2yRIkL23sKlvcw9AAv2bvY52GmBAZy16vj3OSgJ7v29V6WvzE2bcX8EecEgcBzPkYRCJ2WreT47NtAr02Xr1HIm70=&amp;rh=ff0051a2b69f54d238f15b7bea4681f7c61e9982" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">302 Church Street</a> has been fully let to eight tenants over a total net lettable area of 1,001sqm. 
It boasts three street frontages with high exposure to Church Street and Phillip Street.
Managing Director Peter Vines, Director Joseph Assaf and Associate Director Victor Sheu of Ray White Commercial NSW – Western Sydney have the listing.
Mr Vines said Parramatta’s Eat Street had for years offered Sydneysiders a rich mix of dining, cultural entertainment, retail, nightlife and leisure experiences.
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“The current passing income of the eight tenants sits at $754,390 with potential to increase, with long-term tenants such as Coco Cubano occupying the space," Mr Vines said.    Mr Assaf said Parramatta was at the geographical centre of Sydney and was a focus for employment, housing, recreation and cultural opportunities, with its major revitalisation key
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/16/Digital%20Images%20In%20Design%20Mark%20Ups3.jpg" alt="">   Mr Sheu said on the corner of Church and Phillip Street, ‘302 Church’ occupied a position at the heart of Eat Street. 
“Retail and commercial tenants will rush to service this demand, bent on capitalising on a strong base of consumers spanning from the daily office lunch crowd to the ever-growing residential population in Parramatta CBD," Mr Sheu said.    Expressions of interest close on October 9.
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Corner property on Parramatta's Eat Street hits the market

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A fully leased prime retail investment in the heart of Armadale has hit the market. 
Located at 1234 High Street, the property comprises a 139 square metre retail premises with a flexible open plan layout and first floor mezzanine.
The property will be sold subject to a three year lease with a three year option to The Paper Empire at $64,326 per annum net with 4 per cent annual reviews. 
Zoned Commercial 1, the 109 sqm site has 5m frontage to High Street and a right of way provides access to parking at the rear, plus there is also ample off-street parking within the precinct. 
Teska Carson’s George Takis and Barry Novy have the listing.
The property will be auctioned on October 3. 
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Retail investment in the heart of Armadale set for auction

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Perth architecture and development firm Baltinas is hunting for an operator for its new Mount Street café space. 
The commercial space is nestled at the base of the landmark Halo On Mount apartment development. 
Baltinas has until now been using the space as a display suite for its Camilla Residences project.
Baltinas group founder Barry Baltinas said the time was right to open up the space – the first purpose-built food and beverage commercial area in Mount Street – for leasing.
“As well as Camilla Residences construction finishing up, refurbishment works on the Mount Street pedestrian bridge, which links the café with the city and the 32-storey Woodside Tower, are set to be done by late September,” said Mr Baltinas.
On top of Mount Street residents with city views, the 163 sqm tenancy at 24/35 Mount Street is fully enclosed with acoustic glazing.
Trading seven days a week is preferable. 
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New café space in West Perth's Mount Street revitalisation for lease

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A premium commercial space on Woollahra's pricey Queen Street has sold this morning under the hammer for $15.1 million.
The street level of <a href="https://www.realcommercial.com.au/property-retail-nsw-woollahra-503298542" target="_blank">80-82 Queen Street</a> is occupied by linen store Polite Society and kitchen supply store The Bay Tree.
Jocelyn Petroni &amp; Roth Architects take both of the first level office tenancies. The current net income $477,000 per annum (approx).
It was sold by Pozetu Pty Ltd, directed by Sam Ballas, the polo playing property developer.
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The building, spanning three street frontages on 405 sqm, is bound by Queen Street at the front, Halls Lane at the side and Smith Street at the rear. 
Ray White Woollahra agent Ben Vaughan sold the property in conjunction with Confidence Property's Bryce Ibrahim.
There were eight registered parties, although only two got to bid after the opening $12 million offer. A caveat on the title was subsequently registered by Backas Pty Ltd, a company directed the Maple-Brown family, founders of Rockend.
Down the road a <a href="/expert-insights/investing/gutted-queen-street-woollahra-shop-listed-for-sale">gutted shop at 148 Queen</a>, along with 146, sold a week before its scheduled Savills auction for around $5.6 million in conjunction with Raine &amp; Horne Double Bay's Peter Starr.
It had previously been the home of the DeCosti seafood shop.
 
 
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jrobinson-rf4aSBido9

Premium Queen Street, Woollahra commercial space sells for $15.1 million

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A retail complex in the southern Perth suburb of Leda has sold to a Singaporean investor for $2.3 million.
The recently completed, 730 square metre complex is anchored by Chemist Warehouse, with two smaller tenancies occupied by a newsagent and convenience store. 
Located at 6 Feilman Drive, on the western side of Gilmore Avenue in Leda, it is close to both Thomas and Bertram Roads.
Knight Frank Capital Markets Director – WA, Tony Delich, said the boutique retail centre had attracted interest from a broad range of potential buyers, with several from interstate and overseas.  
He said the property offered upside in rental and capital growth as Leda was a rapidly expanding residential area. 
Delich said the property returned a secure income in excess of $205,000 per annum and showed a 9% return.
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Leda retail complex sells to Singaporean investor for $2.3 million

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A premium commercial premises on Woollahra's pricey Queen Street has hit the market.
The building at <a href="https://www.realcommercial.com.au/property-retail-nsw-woollahra-503298542" target="_blank">80-82 Queen Street</a> currently yields around $477,000 from its four high profile tenants.
On the ground level are two retail tenancies, one occupied by linen store Polite Society and the other taken by kitchen supply store The Bay Tree.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/27/80-82%20Queen%20Street%201.jpg" alt="">
Jocelyn Petroni &amp; Roth Architects take both of the first level tenancies.
The building, spanning three street frontages on 405 sqm, is bound by Queen Street at the front, Halls Lane at the side and Smith Street at the rear. 
Ray White Woollahra gent Ben Vaughan is marketing the property in conjunction with Confidence Property's Bryce Ibrahim for a September 10 auction.
Down the road a <a href="/expert-insights/investing/gutted-queen-street-woollahra-shop-listed-for-sale">gutted shop at 148 Queen</a> has been listed for auction on September 11.
It had previously been the home of the DeCosti seafood shop.
 
 
 
<a href="https://www.realcommercial.com.au/property-retail-nsw-woollahra-503298542"> </a>
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Premium Queen Street, Woollahra block set for auction

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Getting on to Woollahra's pricey Queen Street hasn't been this cheap in years.
A gutted two level shop, previously the home of the now vacated DeCosti seafood shop, is set to go under the hammer on September 11.
Set on a 120 sqm block, the property at 148 Queen Street has 155 sqm of internal space and a four metre street frontage.
It also has rear lane access. 
Savills agents Tom Tuxworth and David Hickey have the listing in conjunction with Raine &amp; Horne Double Bay's Peter Starr.
They advise the building has the potential for first floor residential apartment.
The property had been marketed with its next door neighbour, Japanese restaurant Kenny Rens, however that has come down from listing sites given they were offered in one line or separately.
A <a href="/expert-insights/investing/premium-queen-street-woollahra-block-set-for-auction">premium commercial premises down the road</a> yielding $477,000 per annum has been listed for a September 10 auction.
It's the home of linen store Polite Society, kitchen supply store The Bay Tree and Jocelyn Petroni &amp; Roth Architects. 
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