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

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Sydney's auction success rates may be decreasing however private treaty listings are still selling at near record speed.
Houses across Sydney are typically finding buyers after 27 days of their listing on real estate websites and shop front window displays.
That's just one day slower than the 26 day record set in July this year, according to CoreLogic RP Data. 
Non-auction Sydney house listings were selling at 28 days this time two years ago.
Acacia Gardens, near Blacktown has been cosistently dubbed the fastest selling suburb, with agents securing sales at an average of just 15 days on market.
Sydney celebrity couple Kerryn Phelps and Jackie Stricker-Phelps easily bettered their own suburb rate of sale when selling their weekender in Bundeena within 19 days of listing earlier this week.
"It was a unique beachfront location,' selling agent Debbie Donnelley at Phillips Pantzer Donnelly who secured above the $3.3 million price guidance. 
Private treaty sales in the southern Sydney beach suburb typically take 100 days before sale, according to CoreLogic RP Data.
While other capital cities have narrowed the gap, only Canberra comes close to the speed at which Sydney is selling.
Canberra houses are selling at 28 days with Melbourne the next fastest at 31 days. Darwin is the slowest at 99 days before vendors find their buyer.
Ofcourse over summer agents start struggling to sell surplus stock at spring time speed with the rates set to sell down to around 50 days. 
The biggest change in the Sydney property market over recent months has been the auction clearance rate.
The rate at the end of September 2013 was at a high 88.4%, however now stood last Saturday at around 64 per cent.
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Across Sydney over the past seven days there were 1,024 auctions with a clearance rate of 61.3 per cent, far from the strength seen earlier this year when there were 22 consecutive weeks at 80 per cent or above.
There are 1,450 Sydney homes scheduled for auction over the coming seven days, more than at the same time last year when there were around 1,259 offerngs.
It is the highest number of weekly auctions scheduled since March this year, CoreLogic RP Data advised. 
The most popular suburbs for auction this week are Bellevue Hill (18); Paddington (16), Coogee (15), Killara (15) and St Ives (15).
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jchancellor-FAypfDUnLy

Sydney's swift private treaty market despite auction clearance rate slump 

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Sydney's moderating auction market lost more ground yesterday, with buyers spooked by higher interest rates and price fall predictions.
A weakened 65% clearance rate ended a turbulent weak where Westpac raised home loan rates and several economist forecast the Sydney faced price declines from early next year.
There were around 820 auctions across Sydney, according to CoreLogic RP Data, with recent results having held steady at around 70%. 
Yesterday's 65% clearance rate, the lowest since the 86% May peak, was down 11% on the same time last year, according to Australian Property Monitors. 
More bumper super Saturdays stock is scheduled over the next two weekends.
"There were lots of examples of buyers dropping off properties in the days before auction," auctioneer Damien Cooley noted.
"There is more choice now," he said, adding Cooley Auctions own clearance rate was 63%, down from 77% the prior weekend.
"The market is still good," he said.
There were also plenty of pre-sales with nervous agents recommending vendors take the best offers ahead of auction.
Melbourne results remained bouyant, according to the REIV, with a clearance rate of 74 per cent recorded this weekend compared to 72 per cent last weekend and 72 per cent this weekend last year. There were 1080 auctions reported to the REIV. 
Across Sydney, 1,074 homes were taken to auction over the week with a preliminary clearance rate of 66.6 per cent across 830 reported results, according to CoreLogic RP Data, which ranked it as the lowest clearance rate for the year and also the third week in a row where Sydney’s clearance rate has been below 70 per cent.
"The last time the clearance rate was this low was the first week of December 2014 (66.1)," CoreLogic RP Data said.
Last October 929 Sydney homes were taken to auction and the clearance rate was 72 per cent.
"This week, the performance across Sydney’s individual sub regions was varied," CoreLogic RP Data said.
Across the Outer South West region, where 21 results have been reported so far, the preliminary clearance rate was 47.6 per cent, while across the Inner West (80 per cent) and the Eastern Suburbs (76.8 per cent), the success rate of reported auctions was much higher.
McGrath Estate Agents results saw 33 % of its listings sold before auction, with an overall 65% clearance rate. 
McGrath secured the highest sale at $4.25 million in Longueville for a home listed with $3.4 million plus hopes.
The cheapest was $357,000 at Kurrajong Heights.
<div>
Mosman was the busiest suburb for auctions followed by Ashfield, Baulkham Hills, Marrickville and Liverpool.
Shane Oliver, chief economist at AMP Capital, suggested  it a “watershed week” for property.
A terse Reserve Bank statement ended the week saying home loan lending standards had been poorer than it thought.
The RBA also noted there have been "tentative" signs of some slowing in the Sydney housing markets.
CoreLogic RP Data analyst Cameron Kusher noted the cumulative effect of tighter lending conditions, more expensive mortgage rates for investors and lower yields, as well as natural affordability constraints and higher levels of new housing supply, was dampening "some of the exuberance."  
 
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Westpac rate rise spooks Sydney buyers as auction success rate slips to mid-60s

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Sydney's top selling home of the grand final weekend was 17 Berrillee Street, Turramurra which fetched $4.22 million.
Meeting its reserve price, the five-bedroom house on 1500 square metres sold to a young family from the Homebush district.
There was just the one other bidder, an upper north shore local wanting to buy the renovated 1940s home. It previously sold at $2.9 million in 2005.
<img src="https://i3.au.reastatic.net/800x600/ca63a268bba8c5d39f77da684cacb704168b81451c6167bc818e797914764dd6/main.jpg" alt="17 Berrillee Street, Turramurra" title="17 Berrillee Street, Turramurra" data-index="0">
<a href="https://www.realestateview.com.au/Real-Estate/17-berrillee-street-turramurra/Property-Details-buy-residential-9488062" target="_blank">David Bokor of LJ Hooker Pymble</a> secured the property sale.
In Sydney, CoreLogic RP Data's preliminary results show a clearance rate of 71.4 per cent across 448 results.
The Inner West region of Sydney, where 32 auction results have been reported with a clearance rate of 90.6 per cent, sits as the strongest performing sub-region.
The east and city and Inner South (79.4 per cent), and North Sydney and Hornsby (78.2 per cent) also recorded strong clearance rates.
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Turramurra, Sydney's top weekend seller as clearance rates hover in low 70s

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There was just the one reported sale at $500,000 or less at Sydney on the long weekend.
It was a $500,000 sale in Strathfield South.
The 11/1-3 Therry Street offering (below) was sold pre-auction through Richard Baini at Richard Matthews Real Estate.
<img src="https://i3.au.reastatic.net/800x600/a10ff8779a9175f208c880ff10c7d967548d421c8028b8afd6f044c17f420438/main.jpg" alt="11/1-3 Therry Street, Strathfield South" title="11/1-3 Therry Street, Strathfield South" data-index="0">
It was a 69 sq m two bedroom apartment in a 1966 block of 11.
It last sold at $243,000 in 2007, so doubled in price over the eight year period.
The most affordable property reported sold at the weekend on the outskirts of Sydney was a two-bedroom 72 sqm, 1980 built, strata home at 4/40-42 Ocean View Road, Gorokan, sold for $300,000 by Raine and Horne Charmhaven.
It didn't double in the past 13 years pricewise, having last traded at $160,000 in 2002.
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Sydney's cheapest at $500,000 in Strathfield South amid long weekend auction offerings

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The international celebrity chef Bill Granger and his wife Natalie Elliott have bought a two-storey, near-beachfront Tamarama holiday home.
With panoramic ocean views, the $4.8 million purchase comes several months after selling their hillside 1920s Bronte Californian bungalow for $3.4 million.
Granger and Elliott had bought in Bronte after their earlier Tamarama house sold for $2.5 million to singer Tina Arena in 2008.
The couple and their three daughters Edie, Ines and Bunny now live in W2 London and seemingly don't harbour plans any full time return to Australia.
Holidays back home yes, along with return trips to oversee the stellar success of Bills Bondi, the latest local addition to his stable of restaurants around the world.
Having not deviated from serving ricotta hotcakes, sweetcorn fritters and his trademark creamy, almost mousse-like, scrambled eggs, there are now Bills cafes now in Japan, Hawaii, Seoul and London.
The Fleet Street press call him the sunny Australian chef who after making the move in 2012 to open Granger &amp; Co in Notting Hill has recently opened his third London restaurant at King's Cross on Pancras Square. 
The globe trotting Bill Granger got his training at the iconic La Passion du Fruit on Paddington's Oxford Street after hailing from Melbourne. 
The La Passion proprietors Chrissie Juillet and Jean-Claude Wane had that communal sense of a family kitchen table interaction at the cafe, which Granger replicated when he opened the original Bills in Darlinghurst in 1993, when he was just 24.
Granger's latest four bedroom purchase is opposite Mackenzies Beach overlooking the Bondi to Bronte coastal walk with ocean views.
It was sold through Pauline Goodyer at Goodyer Real Estate who marketed it as offering "the quintessential beach-side lifestyle."
With expansive covered entertainment terrace there is a spacious eat-in granite kitchen with stainless steel fittings. It was sold by the owner builder Sher family.
This article first appeared in The Saturday Daily Telegraph.
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Sunny Australian chef Bill Granger buys back in Tamarama

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Sydney's cheapest weekend auction sale was a two bedroom unit located within minutes of Liverpool CBD and Liverpool Train Station.
"The unit is in desperate need of TLC and would be an ideal opportunity for a renovator or investor," the marketing indicated.
The second floor unit with single garage and balcony area fetched $344,000.
The unit had internal area of 58 sqm.
It was offered through <a href="https://www.realestateview.com.au/Real-Estate/12-13-speed-street-liverpool/Property-Details-buy-residential-9359164" target="_blank">Ray White agent Fabio Screpis</a>. It was among three weekend Liverpool sales under $400,000, and the only sales across Sydney at that price level.
The block's three most recent sales were $310,000, $300,000 and $290,000.
Sydney's most affordable property reported sold on the first weekend of spring was also a two-bedroom unit at 19/60-62 Speed Street, Liverpool sold for $355,000 through Prudential Liverpool.
Agent Simon Perri was quoting $320,000 plus.
Sales this year<a href="https://www.domain.com.au/sold/19-60-62-speed-street-liverpool-nsw-2170-2012172159" target="_blank"> in the block had hit $350,000</a>.
The likely rent by the investor buyer is estimated at between $300 and $320 a week.
There were four registered bidders, with it sold soon after auction.
Liverpool had three of the eight sub-$500,000 weekend sales on September 5.
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mick.cee-iDmgDDAmu8

Liverpool again Sydney's weekend cheapest

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<div>Total housing finance came in at a seasonally adjusted $32.8 billion in July, which represented a 1.5% increase on the June result - following on from a 3.6% increase in June - but remained slightly below the record high of $33.1 billion seen in April this year.</div>
<div> </div>
<div>On a trend basis total housing finance ticked up to a new high of $32.6 billion to be 15% higher than one year ago.</div>
<a href="/images/2015/09/10/HF1.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/10/HF1.jpg" alt="">
<div>Investment loans increased moderately to $13.6 billion in July, but this was also slightly below the April high of $14 billion, suggesting that APRA's cooling measures are beginning to take hold.</div>
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<div>On a rolling annual basis investment loans have continued to shoot the lights out through an unprecedented surge, with investors accounting for more than half of loans written excluding refinancing.</div>
<div> </div>
<div>Although this is inevitably forcing prices higher in some cities, we are now increasingly seeing more landlords than prospective renters in some locations, and rents in these locations will stagnate or fall.</div>
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<div><a href="/images/2015/09/10/HF2.jpg" target="_blank">Click to enlarge</a></div>
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<div class="separator"><img src="/images/2015/09/10/HF2.jpg" alt=""></div>
 
<div>State versus state</div>
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<div>At the state level there were increases in owner-occupier commitments in most states and territories in seasonally adjusted terms in July, but declines were seen in the Northern Territory and the ACT.</div>
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<div>Driven by a fear of missing out, Sydney homebuyers are thrusting New South Wales loan values off the top of the chart with more than $73 billion of lending over the past year. A huge boom. With APRA measures dialling back riskier investment lending as sure as night follows day lenders will be targeting homebuyers, with home loan products now available from interest rates of around just 4%. </div>
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Brisbane's owner-occupier commitments have continued their studious recovery, with loan values at the state level ticking up to their highest level since March 2010 on a 12mMA basis, although mining and resources regions are continuing to weigh heavy acting as a drag on the state data. 
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<div>As for New South Wales in July, at $7.5 billion of owner-occupier commitments in July there has never another month like it it any state or territory, with commitnents accelerating to be tracking an enormous 28% higher than one year go.</div>
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<div>The incredible Sydney property boom evidently has some steam left in it yet. 
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<div>Despite this apparently indefatigable Sydney largesse, with inflation and now total housing finance apparently both under control in recent months, any further increase in the unemployment rate is likely to be met with calls for further rate cuts.</div>
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PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
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The incredible Sydney property boom has steam left in it: Pete Wargent

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Sydney's preliminary clearance rate for the week ending 6 September stands at 78%, up from 75.1% last week and below's last year's figure for the same time of 80.1%, according to CoreLogic RP Data's weekend market summary.
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North Sydney and Hornsby had 154 homes under auction and based on preliminary results, a clearance rate of 83.6%.
The inner west had a clearance rate of 88.6% and the eastern suburbs 84%.
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Sydney's preliminary clearance rate at 78%: CoreLogic RP Data

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Australian Property Monitors (APM) has released a list of auction results in Sydney for the weekend of 5 September.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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APM's Sydney auction results for 5 September 

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Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday August 29. 
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.
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