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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Some $101 million in off the plan sales were secured at Penrith in western Sydney on the weekend.
The sales were in <a href="https://thorntoncentral.com.au/" target="_blank">the Thornton Central project</a> where a further 191 apartments were sold. 
Construction commenced last month on the DKo project.
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The $62.5 initial stage of Thornton went to the market in late 2014 with all 151 apartments set over four buildings selling out very quickly through Home and Land Direct, an independent boutique real estate agency that specialises in residential property development, land and home sales and new apartments in Western Sydney. 
The $101 million stage will be built over one five-storey and two nine-storey buildings.
"We had strong interest from first-home buyers as expected, because the pricing is below the stamp duty threshold and attracts the first-home buyers grant," First Point Projects' executive director Mark Hovey said.
The developer, First Points Projects and St Hilliers First Point are developing the Thornton project with a mid-2016 completion schedule. 
Thornton apartments start at $395,000 for a one-bedroom, from $495,000 for two bedrooms and around $640,000 plus for a three-bedroom unit.
The 500-plus apartment and 5,500 sqm commercial precinct adjacent to Penrith train station is the first multi-level residential apartment precinct to be built in the heart of Penrith.
The precinct is part of the wider Thornton community, masterplanned by UrbanGrowth NSW.
St Hilliers executive chairman, Tim Casey, said there was an increasing demand for quality residential developments throughout Western Sydney.
“An apartment precinct in the Penrith city centre is unprecedented. This is a game changer and reshapes how people will live.
“The proposed retail precinct with its cafés, restaurants, a gymnasium, a supermarket, hotel and medical centre will give residents inner city living at their doorstep.
“The new community of around 5,000 residents will have high quality residential, commercial and retail amenity adjacent to the train station with recreational features, a water canal, village green and other open spaces,” said Mr Casey.
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Penrith's Thornton Central secures further off the plan apartment sales

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A Punchbowl $375,000 apartment sale was the weekend's cheapest auction price.
Over $349,000 was tipped in all its marketing for the two bedroom ground floor rear at 7/104 Victoria Road.
It was just one of six sales below $500,000 at weekend auction.
It last sold in 2003 at $160,000, reflecting dead on 7% annual price growth.
<img src="https://i1.au.reastatic.net/456x342/6aa6d86b4cca94daec67385878884a7c8f95f73e2b6863c4e2bc049e0b6a9452/main.jpg" alt="7/104 Victoria Road, Punchbowl" title="7/104 Victoria Road, Punchbowl" data-index="0">
Just the one registered attendee secured it in post-auction negotiations, without competition. 
Another investor who had offered $375,000 pre-auction failed to turn up.
The block's last sale in May this year was at $375,000 for a two bedroom ground floor front aspect apartment. It had sold previously at $280,000 in 2013, $205,000 in 2009; and $129,500 in 2001.
"Set in a quiet street in a boutique block of only twelve, it presents an affordable first home or low maintenance investment," its McGrath selling agent George Kapos said.
It was last vacant for rent in October 2014 with a $340 a week rental, reflecting 4.7% yield. 
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jchancellor-FAypfDUnLy

Punchbowl $375,000 sale the weekend's cheapest price

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Australian Property Monitors (APM) has released a list of results from auctions in Sydney for Saturday August 1. The clearance rate was 79%.
<a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank">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 August 1

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The Vaucluse waterfront trophy home, Loch Maree, home of entrepreneur Duncan Saville and wife Julie, has been sold. Nearby neighbours, the Blue Mountain hoteliers Jerry and Debbie Schwartz are tipped as the buyers, having listed with $20 million around the corner.
The Saville family's 2311-square-metre Vaucluse waterfront estate comes with a vast modernist mansion built in the early 1970s for the late Gordon Barton, founder of IPEC.
Designed by architect Michael Dysart, it has had only two owners since it was built at 1a Loch Maree Place. 
After Barton experienced financial troubles, the property sold in 1993 for $4.75 million after being on the market for three years.
Hidden from view by established gardens, the property has two entrances, Loch Maree Place and Coolong Road.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-111549419" target="_blank">The Michael Dysart-designed residence</a> was completed in 1972 at a cost of $280,000.
Sotheby's agent Michael Pallier and BradfieldCleary's Bob Guth initially had $30 million-plus hopes in 2012, then $25 million more recently until yesterday's sale.
"Stone floors quarried from a 14th century convent in France by Burgundian monks to Leonard French´s stained glass feature windows, this is a unique home," the marketing said.
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Loch Maree, the Vaucluse harbourfront home finally sells

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Infinity, designed by award-winning architect Koichi Takada above what will be bustling retail and restaurant space, is Crown Group's Green Square project with it’s stage one limited apartment release intent on setting the benchmark for urban living in Sydney.
The apartment block is marketed as the landmark gateway to Sydney’s newest precinct which by 2030 is expected to have 40,000 residents and 22,000 workers.
<img src="/images/2015/07/31/crownfirst.jpeg" alt="">
From just its preliminary design work, Crown Group has won awards, including Best Concept Design at the 20th Annual Urban Development Institute of Australia (UDIA) NSW awards for excellence.
<img src="/images/2015/07/31/second.jpeg" alt="">
Crown Group CEO Iwan Sunito says <a href="https://infinitybycrowngroup.com.au/" target="_blank">the building’s curved form</a> ensured a world-class development with architectural significance.
“The project draws on Crown Group’s 18 years’ experience developing residential property in Sydney and will showcase the world’s best in innovative residential design," he said.
<img src="/images/2015/07/31/2015-07-302020.07.16.jpeg" alt="">
Located at 301-303 Botany Road, a short distance from Green Square train station, Crown Group’s project is located within the new Green Square town centre, a major new residential, retail and cultural hub – which sits at the heart of a broader $8 billion redevelopment of Green Square.
<img src="/images/2015/07/31/this.jpeg" alt="">
 
The 20-storey development comprising a 39,400 sqm gross floor area is principally based on retaining solar access to the Green Square Plaza and library, along with an internal public courtyard which forms an open-air dining precinct.
Crown Group undertook the recently-completed Viking by Crown in Waterloo, a 10-storey building featuring 110 apartments.
Crown hosted an event this week for the unveiling of the model for the 401-apartment Infinity building with apartment sales to begin August 29.
For more information, click <a href="https://infinitybycrowngroup.com.au" target="_blank">here</a>.
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Crown's award-winning Green Square project Infinity

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Retail property turnover in NSW increased 4.9% to April 2015 when compared to the previous year, beating the decade-long average of 4.3%. 
According to the Herron Todd White July Month in Review, Sydney's buoyant residential property market is not 'necessarily a hindrance to all aspects of the performance of strata retail property'.
Buyer demand has driven potential investors to commercial property and strata retail. 
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jonathanchancellor-7SQnKwU6yx

NSW retail turnover tops ten year average: HTW

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Annual home value growth in Sydney has ramped up and is now increasing quicker than in July 2014, according to CoreLogic RP Data's Housing and Economic Market Update for July 2015.
Capital gain for the past 12 month on houses came in at 17.8% and units 9.5%.
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Sydney home value growth ramps up: CoreLogic RP Data

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The Sydney region of Ryde held an auction clearance rate of 100% during the week ending 26 July with a total of 36 auctions.
The Inner South West region had a clearance rate of 84.4% from 158 auctions, according to the CoreLogic RP Data Property Market Summary.
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Sydney had a combined clearance rate of 82.7% from 841 total auctions.
Baulkham Hills and the Hawkesbury region held 33 auctions with a clearance rate of 58.8%.
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mick.cee-iDmgDDAmu8

Ryde holds 100% auction clearance rate: CoreLogic RP Data

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Sydney CBD office sales increased 78% to the year ending June 2015 when compared to the previous year, according Savills Research.
Sales totalled $5.8 billion, with $2.4 billion from foreign investment, approximately 40%.  
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Leasing deals were down compared to the previous 12 months, with 47% of leases in the western part of the CBD. The finance and insurance sector was responsible for 45% of leases.
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40% of of Sydney CBD office sales bought by foreign investors: Savills

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Can’t find a decent two-bedroom at a price you can afford?
Ditto New Yorkers are on the search for a one-bedroom big enough to turn into two.
<a href="https://www.nytimes.com/2015/07/26/realestate/making-more-space-in-a-one-bedroom-apartment?src=me&amp;_r=0" target="_blank">The weekend New York Times</a> wrote of the trend.
<img src="/images/2015/07/27/nyt_headline.jpg" alt="">
Have a look at the prices they face outlaying now, and the purchase price escalation over the past few years.
On Saturday in Sydney 50 people attended the auction of a one-bedroom Mosman apartment, with study with unusual internal glass bifold doors, something of a dis-encouragement for any second bedroom utilisation.
<a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Lower/Mosman/Unit/2P6791-504-88-vista-street-mosman-nsw-2088" target="_blank">The 504/88 Vista Street offering</a> sold for $770,000 at $70,000 above reserve through agents Brad Rogan and Alex Brun of Belle Property Mosman.
Their sale set a building record for one-bedroom apartments by close to $80,000.
It was on the fifth floor of Nuova which sold out in 2002 in one weekend. Prices ranged then from $290,000 for a one-bedroom to $1.85 million for a penthouse.
The developer was Cienna and the architect was Allen Jack Cottier Architects. 
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