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

Sydney

<html><body>
One year out from the next New South Wales election, the NSW Government has announced that Westmead will feature on the second metro line that at this early stage is having its corridor refined.

Dubbed Sydney Metro West, the aim is to add more passenger capacity between the Sydney CBD and Parramatta with intermediate stops along the line offering connection opportunities.  

Exact travel times are not yet set in stone, given the corridor planning's fluid state, but the Premier of New South Wales, Gladys Berejiklian, said Sydney Metro West will be the fastest journey between the two major centres.

<blockquote>
Sydney Metro West will become the fastest, easiest and most reliable journey between the Sydney and Parramatta CBDs, which could be as little as 20 minutes.

We have been working hand-in-hand with the community on Sydney Metro West and we have taken on board feedback to make it an even greater infrastructure project for greater Western Sydney
<cite>NSW Premier Gladys Berejiklian</cite>
</blockquote>

The Sydney Metro is an operationally-independent railway utilising driverless trainsets with its first phase ('Sydney Metro Northwest') set to enter service in 2019 between Cudgerong Road in Rouse Hill and Chatswood. 

The project's second phase ('Sydney Metro City &amp; Southwest') which involves building a new rail crossing under the harbour and new tunnels running north-south under Sydney's CBD achieved planning approval in January 2017.

The second phase of the metro line will also involve converting a portion of the existing Bankstown line for the exclusive use of new driverless metro trains.

Once both phases of are complete, the railway will be 66km in length and provide rail commuter services from Sydney's outer North West through major nodes on the northern and southern side of the harbour through to Bankstown in Sydney's south-west.

The NSW Government also announced the new Sydney Metro West will have a station either at Concord or North Strathfield in order to allow passengers to interchange between the Northern line and faster Sydney CBD or Parramatta services on the new metro line.  

The Westmead and North Strathfield/Concord statements are on top of the already announced station locations at The Bays precinct, Sydney Olympic Park and still as-yet defined stations in the Sydney CBD and at Parramatta.

Further community consultation will continue as it's expected more station locations will be announced with Camellia/Rydalmere, North Burwood/Five Dock, Kings Bay and Pyrmont mentioned as possible locations.

A map published on the project's website shows potential extensions of the second metro line both eastward and westward.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/syd_metro_west_map.jpg" rel="gallery-all" title="The scope of the first stage of Sydney Metro West - image: Sydney Metro"><img alt="" class="image-article-full-width-580px" height="297" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/syd_metro_west_map.jpg?itok=zwAJ6YAd" title="The scope of the first stage of Sydney Metro West - image: Sydney Metro" width="580"></a>

<figcaption>The scope of the first stage of Sydney Metro West - image: <a href="https://www.sydneymetro.info/west/project-overview">Sydney Metro</a></figcaption></figure>
</body></html>

Alastair Taylor

NSW government announces Westmead will be a stop on the new Sydney Metro West

<html><body>
The 2018 City Wealth Index uses four critical measures to identify the cities that matter to the wealthy – wealth, investment, lifestyle and future. 
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td nowrap width="86">
 
</td>
<td nowrap width="70">
Wealth
</td>
<td nowrap width="76">
Investment
</td>
<td nowrap width="70">
Lifestyle
</td>
<td nowrap width="60">
Future
</td>
<td nowrap width="78">
Overall Rank
</td>
</tr>
<tr>
<td nowrap width="86">
New York
</td>
<td nowrap width="70">
1
</td>
<td nowrap width="76">
1
</td>
<td nowrap width="70">
1
</td>
<td nowrap width="60">
1
</td>
<td nowrap width="78">
1
</td>
</tr>
<tr>
<td nowrap width="86">
London
</td>
<td nowrap width="70">
4
</td>
<td nowrap width="76">
2
</td>
<td nowrap width="70">
5
</td>
<td nowrap width="60">
2
</td>
<td nowrap width="78">
2
</td>
</tr>
<tr>
<td nowrap width="86">
San Francisco
</td>
<td nowrap width="70">
5
</td>
<td nowrap width="76">
4
</td>
<td nowrap width="70">
2
</td>
<td nowrap width="60">
6
</td>
<td nowrap width="78">
3
</td>
</tr>
<tr>
<td nowrap width="86">
Los Angeles
</td>
<td nowrap width="70">
2
</td>
<td nowrap width="76">
5
</td>
<td nowrap width="70">
12
</td>
<td nowrap width="60">
4
</td>
<td nowrap width="78">
4
</td>
</tr>
<tr>
<td nowrap width="86">
Chicago
</td>
<td nowrap width="70">
6
</td>
<td nowrap width="76">
18
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="60">
8
</td>
<td nowrap width="78">
5
</td>
</tr>
<tr>
<td nowrap width="86">
Singapore
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="60">
10
</td>
<td nowrap width="78">
5
</td>
</tr>
<tr>
<td nowrap width="86">
Paris
</td>
<td nowrap width="70">
13
</td>
<td nowrap width="76">
14
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="60">
5
</td>
<td nowrap width="78">
7
</td>
</tr>
<tr>
<td nowrap width="86">
Tokyo
</td>
<td nowrap width="70">
10
</td>
<td nowrap width="76">
22
</td>
<td nowrap width="70">
6
</td>
<td nowrap width="60">
2
</td>
<td nowrap width="78">
8
</td>
</tr>
<tr>
<td nowrap width="86">
Hong Kong
</td>
<td nowrap width="70">
3
</td>
<td nowrap width="76">
3
</td>
<td nowrap width="70">
10
</td>
<td nowrap width="60">
25
</td>
<td nowrap width="78">
9
</td>
</tr>
<tr>
<td nowrap width="86">
Washington DC
</td>
<td nowrap width="70">
12
</td>
<td nowrap width="76">
10
</td>
<td nowrap width="70">
7
</td>
<td nowrap width="60">
13
</td>
<td nowrap width="78">
10
</td>
</tr>
<tr>
<td nowrap width="86">
Sydney
</td>
<td nowrap width="70">
20
</td>
<td nowrap width="76">
7
</td>
<td nowrap width="70">
14
</td>
<td nowrap width="60">
17
</td>
<td nowrap width="78">
11
</td>
</tr>
<tr>
<td nowrap width="86">
Dallas
</td>
<td nowrap width="70">
9
</td>
<td nowrap width="76">
6
</td>
<td nowrap width="70">
35
</td>
<td nowrap width="60">
9
</td>
<td nowrap width="78">
12
</td>
</tr>
<tr>
<td nowrap width="86">
Boston
</td>
<td nowrap width="70">
24
</td>
<td nowrap width="76">
13
</td>
<td nowrap width="70">
21
</td>
<td nowrap width="60">
7
</td>
<td nowrap width="78">
13
</td>
</tr>
<tr>
<td nowrap width="86">
Houston
</td>
<td nowrap width="70">
8
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
29
</td>
<td nowrap width="60">
14
</td>
<td nowrap width="78">
14
</td>
</tr>
<tr>
<td nowrap width="86">
Miami
</td>
<td nowrap width="70">
19
</td>
<td nowrap width="76">
8
</td>
<td nowrap width="70">
19
</td>
<td nowrap width="60">
20
</td>
<td nowrap width="78">
14
</td>
</tr>
<tr>
<td nowrap width="86">
Atlanta
</td>
<td nowrap width="70">
20
</td>
<td nowrap width="76">
10
</td>
<td nowrap width="70">
24
</td>
<td nowrap width="60">
15
</td>
<td nowrap width="78">
16
</td>
</tr>
<tr>
<td nowrap width="86">
Beijing
</td>
<td nowrap width="70">
15
</td>
<td nowrap width="76">
37
</td>
<td nowrap width="70">
15
</td>
<td nowrap width="60">
19
</td>
<td nowrap width="78">
17
</td>
</tr>
<tr>
<td nowrap width="86">
Shanghai
</td>
<td nowrap width="70">
29
</td>
<td nowrap width="76">
21
</td>
<td nowrap width="70">
23
</td>
<td nowrap width="60">
15
</td>
<td nowrap width="78">
18
</td>
</tr>
<tr>
<td nowrap width="86">
Munich
</td>
<td nowrap width="70">
39
</td>
<td nowrap width="76">
23
</td>
<td nowrap width="70">
26
</td>
<td nowrap width="60">
20
</td>
<td nowrap width="78">
19
</td>
</tr>
<tr>
<td nowrap width="86">
Madrid
</td>
<td nowrap width="70">
52
</td>
<td nowrap width="76">
25
</td>
<td nowrap width="70">
9
</td>
<td nowrap width="60">
24
</td>
<td nowrap width="78">
20
</td>
</tr>
<tr>
<td nowrap width="86">
Melbourne
</td>
<td nowrap width="70">
44
</td>
<td nowrap width="76">
15
</td>
<td nowrap width="70">
25
</td>
<td nowrap width="60">
26
</td>
<td nowrap width="78">
20 
</td>
</tr>
</tbody></table>
Liam Bailey, Global Head of Research at Knight Frank, commented this year’s index produced some very interesting results with regard to the projected growth of wealthy households around the world that will be exciting to track.
"However, North America’s domination of the current household wealth tables is unequivocal.
"Although the economic powerhouses such as New York and London dominated the overall rankings again, it is interesting to note the power of other US cities.”
Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski noted Sydney sits at 11th overall on the City Wealth Index, influenced by ranking seventh in the category ‘investment’ in property over the two years ending 2017.  
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Sydney and Melbourne rank in top 20 in Knight Frank City Wealth Index

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Australian cities continue to offer the world’s highest quality of living and remain attractive destinations for expatriates on assignment, according to Mercer’s 20th annual <a id="m_6268133976315433249LPlnk333679" href="https://www.imercer.com/content/mobility/quality-of-living-city-rankings" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.imercer.com/content/mobility/quality-of-living-city-rankings.html&amp;source=gmail&amp;ust=1521672718938000&amp;usg=AFQjCNGzgPb919p4f5qmXOE6SosrcdYguQ">Quality of Living survey</a>. 
However, it was also revealed that cities in emerging markets, though challenged by economic and political turmoil, are catching up with top ranking cities following decades of investing in infrastructure, recreational facilities and housing in order to attract talent and multinational businesses.
This year, Vienna tops the ranking for the 9th year running and is followed by Zurich (2), Auckland and Munich in joint 3rd place.
In 10th place, Sydney ranked highest for Australia, followed closely by Melbourne at 16th place.
Just missing out on the top 20 was Perth at 21, followed by Adelaide (29), Canberra (30) and Brisbane (37).
Simon Kennedy, Mercer’s Market Insights Leader in Australia said that Australian cities continue to rank high due to factors such as stable political and social environment, strong infrastructure, good quality housing and recreational facilities combined with excellent medical and health services which attract international talent and businesses.
“Today’s workplace is rapidly changing as we see more and more companies moving workers abroad,” said Kennedy.
“However, to successfully transition employees to new locations, companies must understand the demands of operating in a contemporary VUCA (volatile, uncertain, complex and ambiguous) environment. Importantly, companies need to be mindful of not only the costs associated with expatriate postings, but the quality of life provided by the new locations.”
<ul>
<li>All Australian cities within the global top 40; Sydney and Melbourne at 10 and 16 respectively</li>
<li>Vienna ranks highest for quality of living for the 9th year in a row</li>
<li>Mercer’s 20th annual Quality of Living survey provides rankings for more than 450 cities throughout the world; this year’s ranking includes 231 of these cities</li>
</ul>
 
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Sydney retains 10th ranked in international quality of living survey

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The Sydney investment management firm KSI Investments has successfully raised $6.4 million from investors using the DomaCom crowdfunding platform.
They have transacted on the first of two side by side parcels of land in the South-West Sydney suburb of Rossmore which is 5km from the new Badgery’s Creek airport for Sydney and 5km from the planned strategic regional centre at Leppington.
Robin Luo, CEO of KSI Investments says it was a significant milestone "not just for KSI Investments, but for all Australian property investors."
"We have successfully gathered together a group of likeminded investors interested in buying land and helped them transact on a prime piece of land in Sydney’s South-West growth corridor”. 
KSI Investments believe their key to success has been transparency.  
Endre Kollo, Investment Director of KSI Investments says unlike failed land banking schemes of the past, "we are a totally different proposition."
" We do not have complex structures involving many different companies and trusts, we do not borrow any money and we do not hide behind the veil of a wholesale fund status”.  
DomaCom CEO Arthur Naoumidis said DomaCom was delighted to be involved.
"We manage an ASIC registered retail managed investment fund under an Australian Financial Services Licence.
"This transaction strongly demonstrates the vision behind the DomaCom platform, as we’re helping investors pool money together to purchase quality land assets that would normally be the domain of institutional investors.” 
The 64 Devonshire Road property at Rossmore is the first in a series of planned acquisitions by KSI Investments.
Although the first land fund is now closed, the adjoining block of land is now open for investment through the second fund. 
The fund is able to accept investment from SMSF investors as well as private investors, companies and trusts with a minimum investment of $2,000 for 60 Devonshire Road, Rossmore (6.32 acres).
The site is expected to accommodate between 110 to 140 houses if rezoned residential which is anticipated to occur over the next 5 to 7 years.
DomaCom offers investors a liquidity facility that enables investors to trade units in the fund freely at any time, provided there is a matching buyer and seller before the eventual land sale.
The fund will incur a 2 per cent annual management fee and 20 per cent performance fee at the time of the sale of the land. 
The expected timeframe of investment is 5-7 years with maximum term of 10 years.
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Australia’s first retail land banking managed fund aimed at SMSF investors completes Rossmore acquisition

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The Residence 10 set in the acclaimed Renzo Piano-designed Macquarie Street building has been listed for sale.
The Mirvac-developed building won the prestigious Wilkinson Award.
<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/2018/3/15/MACQUAIRE%20ST%202.jpg" alt="">
Situated at 155 Macquarie St, the apartment has three bedrooms and oversized living and dining room which opens to a wide winter garden and chef-designed kitchen. 
Other features include a marble guest powder room, additional 4th room ideal for an office/storage/cellar room and double lock-up garage.
Resident can enjoy a 24/7 established concierge service, 12 metre heated indoor swimming pool, full gymnasium, steam room and sauna.
<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/2018/3/15/MACQUAIRE%20ST%203.jpg" alt="">
‘Residence 10’ provides one of the largest floorplans within the building - around 214 sqm of living space.
It has panoramic views stretching from the Opera House across the Royal Botanic Gardens to the Sydney Harbour.
It located only metres to David Jones Food Hall, NSW Art Gallery, State Library, harbour foreshore and Opera House. 
Sydney Sotheby's International Realty agent Jaime Upton is marketing the apartment.
 
 
 
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Sydney Macquarie Street apartment listed for sale

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A Tamworth property created by Sydney architects Tanner Kibble Denton has won the World Architecture News Commercial Architecture Award 2017.
The building, Glasshouse at Goonoo Goonoo Station, was honoured in London recently with the project design director John Rose present to receive the award. 
“This is a very proud moment. We have a dynamic young team based in Sydney and this award shows the world what they are capable of," Rose said.
"A juror said that our project was a ‘stand-out’; this is an incredible endorsement amongst such an impressive line-up of international projects."
The Glasshouse is a state of the art restaurant and function centre with a contemporary dining experience with expansive views of the surrounding hills.
<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/2018/3/14/glasshouse2.jpg" alt="">
It sits between two original agricultural structures, the 1870s Woolstore and a 1950s Shearing Shed.
The restaurants offers a strong visual connection with the Woolstore, with the rusticity of the sheep ramp and shearing shed. 
“The design responds to the materiality of country- steel, stone and timber," Rose said.
"It complements the solid enclosure that is the Woolstore and the mechanism that is the Shearing Shed.
"The outcome is an elegant and simple building, occupying the space between the historic elements that animates the entire precinct when in use."
Goonoo Goonoo Station was first established in 1841.
Glasshouse also won the Sir Arthur G Stephenson Award at the Australian Institute of Architects NSW.
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jrobinson-rf4aSBido9

Sydney architect wins world commercial building award

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Podia and Centennial Property Group are looking to add to Neutral Bay's tightly held apartment market via a fresh development application that landed with North Sydney Council earlier this month.

The submission for approval follows on from Colliers successfully selling 14-20 Premier Street during January; the site with 63 metres of frontage contained four small-scale freehold apartment buildings and was billed as a prime development site.

Site in hand, entity AIDOP No 2 Pty Ltd on behalf of the development duo is looking to inject 36 new dwellings into the Neutral Bay apartment market. Spread across a sloping 2,175 square metre plot, the development would maintain sweeping view over Forsyth Park, the North Sydney skyline and the Sydney Harbour Bridge beyond.

Presenting as two levels to Premier Street, the rear of the site would rise to five levels, affording many apartments with expansive vistas.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image279.jpg" rel="gallery-all" title="Aerial perspective of the site. Image: Colliers"><img alt="" class="image-article-full-width-580px" height="360" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image279.jpg?itok=0ou_B-ln" title="Aerial perspective of the site. Image: Colliers" width="580"></a>

<figcaption>Aerial perspective of the site in close proximity to Forsyth Park. Image: Colliers</figcaption></figure>Architecture practice Ess Lifestyle is behind the design, opting for strong horizontal elements punctuated by generous amounts of greenery.

Internally the proposal provides for 36 apartments, broken down into the following matrix: 7 x 1 bedroom, 16 x 2 bedroom apartments, 12 x 3 bedroom apartments and 1 x 4 bedroom apartments. The healthy number of three bedroom apartments and the addition of a four bedroom apartment has the project aimed at the upper end of Sydney's residential market.

Ess Lifestyle has designed the apartments where possible to include a minimum of two frontages in order to maximise available light and ventilation. Effectively two buildings connected via an enclosed walkway, the highly transparent design provides a scale and apartment density that is appropriate for "both the existing and future multi-unit developments in the area, and within the proposed evolving local context."

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image278.jpg" rel="gallery-all" title="Light filled apartments are the order of the day. Planning image: Ess Lifestyle"><img alt="" class="image-article-full-width-580px" height="384" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image278.jpg?itok=5Z39n32M" title="Light filled apartments are the order of the day. Planning image: Ess Lifestyle" width="580"></a>

<figcaption>Light-filled apartments are the order of the day. Planning image: Ess Lifestyle</figcaption></figure><blockquote>
The overall massing dual building form is a rational response to the particular constraints of the site/context and the functional needs of the proposed program. As such the final built form and facade articulation was the result of the process to create a project that maximises amenity while being sensitive and responsive to both its existing and future contexts.

The proposed façade articulation is horizontal in nature and provides a bespoke response to the amenity requirements. The inclusion of planter boxes helps break down the symmetrical rhythm of the internal planning providing a rich and textured facade. The simple material and colour pallet deliberate response to the project’s urban but garden locale.

Simple expressed horizontal elements provide the framework for an exploration of texture providing differing levels of solidity, transparency and opaqueness through material manipulation. The addition of greenery helps to further enliven the facade and blend it in with the locale.

Ess Lifestyle Design statement
</blockquote>

14-20 Premier Street has a development cost of $13.28 million, with the application currently at referral after having its time before Council's Design Excellence Panel.
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silvermb

Podia and CPG take aim at premier position in Neutral Bay

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The Mount Kuring-Gai home of the late country music singer Geoff Mack is being sold.
Mack, most famous for writing the 1962 Lucky Star hit 'I've Been Everywhere', which now has 131 different versions, had lived at the home for xxxx decades before his passing last year.
<a href="https://www.realestate.com.au/property-house-nsw-mount+kuring+gai-127553402" target="_blank">The family home </a>has five bedrooms, three of which opens to balconies.
The name Billiricay is etched above the garage where there's a second level versatile studio space, currently with a kitchen and bathroom.
It is being advertised as an ideal project for savvy builder or ambitious renovators.
McGrath Hornsby agent Nick Berman has a price guide of $1.2 million to $1.3 million.
Mack's musical career was established during World War 2 where he was an aircraft mechanic in the RAAF.
Whilst serving in Borneo, the soon to be discharged corporal was noticed for his guitar and singing abilities. He was seconded to entertain the troops with visiting guest stars.
In 1950 after a stint in Japan performing to audiences from all around the world he returned to Australia where he wrote the iconic I've Been Everywhere.
It was a hit for Lucky Star and was sang by Johnny Cash on his 1996 album Unchained.
<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/2018/3/8/GAI%202.jpg" alt="">
Mack was inducted into the International Songwriters Hall of Fame in Nashville Tennessee in 1963 and into the Hands of Fame at Tamworth in 1978.
He received the Tamworth Song Writer's Association Song Maker award in 1997.
In 2013 Mack was awarded the lifestime achievement golden guitar by Country Music Association of Australia. 
This article was first published in the Sunday Telegraph.
 
 
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Late country music singer Geoff Mack's home for sale

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John McGrath, the McGrath Estate Agents founder, has slammed Harry Dent’s forecasts on Australian property.
In a column published in Switzer Daily, McGrath noted Dent was echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved wrong.
McGrath criticised Dent for failing to account for the “ingenuity of Australians, not to mention our long-embedded culture”.
Dent admitted, in a Channel 9 interview and one to <a href="/expert-insights/investing/80453-harry-dent-repeats-bubble-forecast-for-sydney" target="_blank">the Daily Telegraph</a>, that his predictions in previous years had been off the mark but maintained Australian property was in a bubble that would inevitably burst.
McGrath said Dent lacked an understanding of the local housing market, typical of overseas commentators who did not understand the local housing market.
“I can understand why Dent would look at Sydney, in particular, and think it’s overvalued.
"That’s how it might look on paper to an analyst who doesn’t understand how things work here,” <a href="http://www.switzer.com.au/the-experts/john-mcgrath-property-expert" target="_blank">McGrath wrote</a>. 
"Good quality Australian real estate, held over the long term, is one of the safest and most reliable asset classes you’ll find anywhere in the world.
“He fails to take into account all the unique factors that have kept our property prices growing while also protecting our market from collapse.”
Strong population growth was not the only reason the market weathered the GFC relatively unscathed, according to McGrath. 
High levels of prudential oversight in the local banking system and the high concentration of Australia’s total population living in Sydney and Melbourne ensured steady demand for housing, despite high prices, he said.
<div class="wp-caption">
Dent’s forecasts also failed to account for issues such as Sydney’s geography, which has encouraged a housing undersupply, McGrath said.
</div>
“When you’re having a growing population that is very concentrated around a small group of cities — and two in particular, you’re going to have much greater stability in home values no matter how high prices go,” he said.
“Additionally, in major growing cities like Sydney where urban sprawl has gone about as far as it can, we now have a chronic undersupply of new housing that is also serving as a strong foundation for ongoing growth.
“On top of this, we have low unemployment, a strong and resilient economy, low interest rates, a tax system that rewards property investment and a growing market of international buyers.”
 
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John McGrath says Harry Dent doesn't get it on Sydney housing

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EXPERT OBSERVATION
The record completion of 38,759 new homes across metropolitan Sydney is good news for housing supply.
We need an average across Sydney of 36,250 new homes each year for 20 years and the announcement by Planning Minister Anthony Roberts that 38,759 new homes were built in 2016 is good news that demonstrates we have exceeded the annual target.
Clearly the development industry has excelled in its performance over 2016.
The fact that this is a record achievement is a result of the hard work undertaken by the property development and construction industry with support from the planning system.
There are however concerns for the potential to continue this level of home completions over 2018 as approval numbers are dropping. In 2016 there were 56,659 approvals which included 38,991 apartments but in 2017 there were only 52,480 home approvals with apartments dropping to 34,710 according to the NSW Department of Planning and Environment’s Housing Monitor.
The main District where the drop in approvals is occurring is the Central District which dropped from 15,720 approvals in 2016 to 13,111 in 2017. The Northern District also dropped from 9,819 approvals in 2016 to 6,591 in 2017.”
The Urban Taskforce is concerned that the apartment market in Sydney is slowing down influenced by the banks tightening lending, a slow-down in foreign investment, concerns about substantial taxes on development to fund affordable housing and the removal of current caps on local development levies.
The message we are getting is that even with planning approvals a number of developers are holding back on developments due to the uncertainty of extra costs.
It certainly looks as though the housing development industry has had a bumper year in 2017 but the industry is likely to see a slow-down in actual production of finished new homes over 2018.
The Urban Taskforce is keen to work with the NSW Government to try and keep the flow of record home completions continuing into future years.
To do this we must keep Sydney completions above the average needed of 36,250 a year for a number of years ahead.
Chris Johnson is the Urban Taskforce CEO.
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