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

Sunshine Coast

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Real estate group McGrath Estate Agents, a division of McGrath Limited (ASX:MEA), has opened a new office in Mooloolaba in Queensland’s Sunshine Coast as it looks to take advantage of strong price growth in the area.
This is the company’s fourth office in Sunshine Coast and its 20th in Queensland, said a media release. 
Chief executive John McGrath said the Sunshine Coast is one of the most exciting coastal destinations in Australia.
“The ongoing construction of one of Australia’s largest health precincts at nearby Birtinya and the new Maroochydore CBD are driving both infrastructure and employment in the region," said McGrath.
The Mooloolaba office will serve as a satellite to the Buderim office, which opened in August 2013. It is the second office under the leadership of co-principals, Damien Michael and Chris Pace. Their team will comprise of six real estate professionals.
It will service the suburbs of Mooloolaba, Minyama, Alexandra Headland, Maroochydore and Buddina.
Pace said price growth in Mooloolaba and its surrounds are back to pre-GFC levels, with the waterfront market's entry level now sitting around the $1 million range.
 
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McGrath opens office in Sunshine Coast's Mooloolaba as prices back to pre-GFC levels

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The first resident has moved into Bli Bli’s Parklakes 2 development on the Sunshine Coast.
Dr Christopher Walker and his wife, Katie, have moved into their new four-bedroom, two-bathroom house on a 522 sqm block in the 700-lot masterplanned residential community.
“We’re looking at building another house but land is selling so quickly we’re not sure we’ll get a chance,” Dr Walker said. “It’s popular because it’s close to everything, but it’s still quiet – it’s not in the middle of all the hustle and bustle," he said. “It offers a lot of things that other residential estates can’t.” 
The development will include 438 houses, 20 hectares of forest, a park with a café, floating wetlands, a child care centre, school and a sports complex, says its website.
Parklakes 2 also features a floating wetland treatment system that will treat stormwater run-off, and is the largest of its kind to be installed in a residential development in the world, according to a media release. 
Besides being a resident, Dr Walker has also been involved with the wetland treatment system in his role as environmental manager at Covey Associates, the principal engineers working on the development.
Developer Robert Flipp said the once-sleepy town of Bli Bli was fast becoming one of the most desirable riverfront communities on the Sunshine Coast. 
Around 20 lots per month have sold in the development since it launched to the market last year, he added.
"Our onsite sales office will be completed at the end of April and our 13 home display village will be open by mid year so we expect demand to remain strong,” he said.
Earlier this year, a $20 million Bli Bli Village Centre, a mixed-use multi-level development on the corner of Bli Bli Road and David Low Way, was approved.
Existing retail stores include a Supa IGA and River Markets Shopping Complex, and the Sunshine Coast Airport too is not far.
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First resident moves into Sunshine Coast development Parklakes 2 

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A mixed-use property with retail and medical space in the Sunshine Coast has come to the market.
Pulse Oceanside, developed by Evans Long, offers ground floor retail and first floor medical suites in a location opposite the proposed entrance of the Sunshine Coast University Hospital. The combined space is 1,376 sqm.
CBRE’s Michael Hedger, Joe Tynan, Millan Narsey, Sam Grasso and Ryan Parry will be negotiating the sales of the properties, which will be offered individually to suit passive investors and self-managed super funds looking for security and strong growth.
The suites will be offered to the market via an expressions of interest campaign ending this month, with the sales expected to have a combined value of $15 million.
Tynan said the immediate precinct is undergoing a major health care infrastructure development, valued at more than $5 billion, which will create 12,000 new jobs and drive further growth in the area – underpinning the retail market.
“Significant buyer interest is expected from both national and international groups, particularly as buyers are more actively targeting the Queensland market to benefit from more attractive yields than those offered in Sydney and Melbourne,” added Hedger.
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Retail and medical spaces for sale in Sunshine Coast

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Queensland’s Sunshine Coast continues to be high on the expansion agenda for McGrath Estate Agents, with the real estate group opening a new office in the seaside suburb of Caloundra. 
This is the company’s 15th office in South-East Queensland and 18th in Queensland.
Situated 90 km north of Brisbane’s CBD, Caloundra is at the gateway to the Sunshine Coast and known for its beautiful beaches, lush hinterland and affordable living. 
“Caloundra is gaining in popularity with seachangers who are recognising the great value and buying opportunities available in this beachside community. With major investment in infrastructure for the surrounding region, I expect the entire Coast will experience further growth and Caloundra will no doubt be a beneficiary of that,” said McGrath chief executive John McGrath.
Caloundra is one of South-East Queensland’s emerging lifestyle destinations that until recently was overshadowed by neighbouring Noosa Heads and Mooloolaba, he said.
McGrath Caloundra will service the local area from Parrearra in the north to Bribie Island in the south. It will service the suburbs of Caloundra, Pelican Waters, Little Mountain, Currimundi and Meridan Plains. 
The new office will be led by the husband and wife team of Jodie and David Hedley-Ward. 
Jodie was a ‘Residential Salesperson of the Year’ finalist at the ‘REIQ Awards for Excellence’ in both 2014 and 2015, while David has extensive local and international real estate experience having worked throughout Australia, New Zealand and the UK. 
The team will comprise eight sales agents.
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McGrath continues its Sunshine Coast expansion into Caloundra

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Sales volumes and high demand for the sub $500,000 property market on the Sunshine Coast pushed over into the local higher value markets between $600,000 to $700,000 in the first half of 2015, according to Herron Todd White.
Herron Todd White's October Month in Review found coastal property in the $550,000 price bracket is strong, with buyers placing a greater emphasis on the underlying land value of the property. 
"Two examples of the market movement over the two years are from Peregian where one property sold in January 2013 for $466,000 and resold in March 2015 for $515,000 and another was purchased in May 2013 for $482,000 and has recently sold for $560,000," the review noted.
"Prestige housing market has improved in the entry end of this market (up to $1.5 million). Sale volumes appear to be quite good but as you move into the higher value level bands, say plus $2 million, buyers are thinning out. 
"Noosa Waters and Sunshine Beach areas have performed well on the back of the Sydney and Melbourne markets and also increased interest from overseas."
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mick.cee-iDmgDDAmu8

Sunshine Coast property demand strong under $550,000: Herron Todd White

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The disruptive insurer Youi plans to build its new head office and call centre on Queensland's Sunshine Coast.
The new $80 million Sippy Downs facilities will replace the general insurer's leased premises 10 kilometres away in Birtinya.
Sippy Downs is home to the University of the Sunshine Coast.
Modest financial incentives were offered to Youi to locate its headquarters, according to the Mayor Mark Jamieson, who said it was the largest non-government related investment in Sunshine Coast's history.
Youi was launched in 2008 by its South African parent company, Rand Merchant Holdings Group.
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Youi plan $80 million Sunshine Coast headquarters

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A Sandpiper, Noosa beachfront apartment has been sold for $7.15 million.
Set centre stage on Hastings Street, it was the <a href="https://www.realestate.com.au/property-apartment-qld-noosa+heads-116383719" target="_blank">whole top floor penthouse</a> in the bespoke beachfront triplex building. 
The three level building has interiors by JDM Designs.
"There are fewer than thirty three bedroom apartments available along this world famous boardwalk," Richardson &amp; Wrench Noosa selling agent Peter Butt emphasised in the marketing.
The apartment comes with an 80 square metre rooftop terrace.
It was 2013 when the Pherous clan headed a $14 million deal in the block. 
Two of the three apartments in the Sandpiper building on Hastings Street sold. The ground-floor unit poolside apartment cost $8 million off the plan in 2011, while the second floor apartment went for $6 million in 2013. 
 
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Noosa's Sandpiper penthouse sells through R&W Noosa at $7.15 million

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A two-level penthouse on Queensland’s Sunshine Coast has set a new Caloundra apartment price record of $4.25 million.
A local couple secured the 580 square metre apartment through Billie LeKich of ­Billie’s Prestige Selection.
It is in the waterfront building, Anchorage on Maloja Avenue, which is the millionaires’ row of Caloundra.
David Townsend's Shanlodge Pty Ltd completed the $40 million Anchorage on Maloja in partnership with former Brisbane Lord Mayor Dr Clem Jones AO.
The apartment with four bedrooms and three bathrooms bettered the price set for a penthouse in the Aspect building, which Billie LeKich sold in 2008. CoreLogic RP Datas indicates the Lower Gay Terrace block's highest sale was $3.15 million. There was also a $3.25 million sale in 2007 in Anchorage too.
Marketing on the project in 2007 but the global financial crisis prompted a four-year construction delay.
CoreLogic RP Data put the median unit price at <a href="/news">$497,500 at its 2008 peak</a>. It now sits around $354,000.
LeKich suggests the $4.25 million sale, which followed another $2.65 million in the same building last month, reflected a return to confidence in the area’s luxury market.
The remaining offerings (one picture above) are listed with several out of area conjunctional agents.
<a href="https://www.realestate.com.au/property-unit-qld-caloundra-113086467" target="_blank">There are five of the development’s 12 </a>residences remaining for sale, including another two-level penthouse priced at $4.65 million.
The single storey apartments ranged from ­382-square-metre sub-penthouses to the 650 square metre dual level super-penthouses.
Anchorage has a lap pool, private jetty, lap pool and a 12-metre floating pontoon which is scheduled be completed later this month.
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Caloundra record penthouse sale at $4.25 million

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Bob Biddle, founder of Origin Healthcare, and his wife Renee have secured $6.5 million for their Noosa retreat.
They had initial hopes that 25 Witta Circle, Noosa Sound would fetch above $9 million.
It has been bought by New Zealanders in the insulation business.
The Noosa Sound waterfront home is a 600 square metre property, with four bedrooms, three bathrooms and a 20-metre lap pool.
The neighbours include billionaires Bob Ell, John Van Lieshout and Toll Holdings founder Paul Little.
The Biddles sold their Melburnian penthouse in St Kilda Road, Melbourne for $15.4 million in 2009 having purchased 25 Witta Circle, Noosa for $8.25 million in 2008 from Graeme Cutler.
They spent about $2 million on rebuilding parts of the house.
On its late 2013 offering it was suggested the Biddles’ house would provide a bellwether for 2014.
 
{qtube vid:=smfjeqC4zqg}
Title Tattle recalls the then Mosman stockbroker Graeme Cutler and his wife Suzanne had listed the Noosa riverfront property at $9.75 million in 2008.
The Cutlers had rebuilt the house to a Gustav Donoval design following its purchase in 2003.
The Witta Circle property was previously owned by the Toorak-based Credit Suisse Asset Management executive vice-chairman Keith Ince, who upgraded to another Noosa retreat.  
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New Zealand buyer secures Bob Biddle's Witta Circle, Noosa waterfront

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Mooloolaba's Pink House sold at weekend auction for $3.8 million, when offered for the first time in 100 years.
Set on Queensland's Sunshine Coast, the Pink House is among the last freestanding homes remaining in the locality.
Sunshine Coast Next Property agents<a href="https://www.realestate.com.au/property-house-qld-mooloolaba-117375011" target="_blank"> Loren Wimhurst and Karen Jones marketed the property</a> as "one of the last development opportunities on the Mooloolah River never before offered to the market".
The former fishing shack on the Mooloolah River, north of Brisbane, has a glamourous history given its association with old world Hollywood stars.
Cary Grant, Jean Harlow and Errol Flynn stayed at the holiday home of the Eager car dealership family. 
Fred Eager was the son of the cigar-smoking businessman from Ohio, E.G. Eager who was responsible for the the introduction of the Overland car in 1911 to Australia. The family were later the representatives of General Motors Holden.
Fred Eagar died in 1949 at his home, Craigston on Wickham Terrace, Brisbane, aged 62. 
His skill as a big game fisherman and yachtsman was undisputed. He held the Queensland shark record with a 1941 catch of a white shark weighing 1324 lbs. 
Fred Eager actually had two holiday houses on the Mooloolah River, Tangalooma and four doors away, Terrawina. Property Observer believes it was Tangalooma which was the weekend offering.
Among his fleet of water-craft was the luxury yacht, Tangalooma which was commandeered by the Navy in the second world war. 
Part-owner Jillian Chalmers told the Weekend Australian it was sad to sell the home which had been passed down to friends and family over the generations. It was also co-owned by the Hooper and Knobel family. 
"Originally built as a fishing shack, legendary stories still circulate in reference to the size of the fish and the catch, to this day," the marketing said.
"Many similar shacks surrounded this one, and the Pink House is the last one standing." 
The 1,012 square metre property at 63 River Esplanade boasts 37 metres of Mooloolah River frontage within a 350 metre walk to the Mooloolaba Surf Club.
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