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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The Swiss private equity firm Sumner Capital has bought more on the Walsh Bay, Sydney waterfront, buying Pier 8 &amp; 9 prior to scheduled auction for $8.25 million.
The strata lot - 1000 square metres over two storeys - is the largest commercial development on the Hickson Road heritage precinct.
The sale price reflects a yield in the mid 6 per cent range through Knight Frank and LJ Hooker who marketed the property on behalf of Michael Williams' W Property. 
One of only three commercial lots, the building is leased to architects Jackson Teece, Deluxe Australia and design practice HASSELL.
Sumner already owns other lots at Walsh Bay, which is on the northern fringe the new $9 billion Barangaroo development.
The firm has provided the opportunity for investors who want to own Australian real estate since 2008.
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jchancellor-FAypfDUnLy

Walsh Bay buy by Sumner Capital

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Sydney is the best performing capital city over the three months to June 2015, according to new figures released by CoreLogic RP Data.
The CoreLogic June RP Data Hedonic Home Value Index found the most expensive city is Sydney with a median dwelling price of $772,000. The most affordable city is Hobart, with a median dwelling price of $315,000.
<a href="/images/2015/07/01/Screen%20Shot%202015-07-01%20at%209.52.32%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/01/Screen%20Shot%202015-07-01%20at%209.52.32%20AM.png" alt="">
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mick.cee-iDmgDDAmu8

Sydney best performing capital city: CoreLogic RP Data

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Median house prices in Sydney are tipped to fall a total of 4% over 2016/17 and 2017/18, with total price growth for three years until June 2018 forecast to be 2%, according to a new study. 
The BIS Shrapnel Residential Property Prospects 2015 to 2018 expects a 'real decline' of 6% until 2018. The study noted Sydney’s estimated median house price of $960,000 in June 2015 marks a 45% increase over the past three years. Current price growth is driven by Sydney's undersupply of dwellings.
BIS Shrapnel senior manager and study author, Angie Zigomanis said strong population growth is preventing Sydney's housing deficiency being reduced quicker than expected.
“Regardless, completions will continue to rise, and the slow erosion of the deficiency will also coincide a forecast tightening in interest rate policy over 2016/17,” said Zigomanis. 
“The combination of higher interest rates and recent price growth is expected to discourage both owner occupiers and investors, particularly as pent up demand pressures are beginning to ease.”
<a href="/images/2015/06/29/bis_brisbane.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/06/29/bis_brisbane.jpg" alt="">
 
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po-LsXgBTHBmX

Sydney property market tipped to fall: BIS Shrapnel 2018

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The most common “common denominator” of boom property markets over time is an elevated level of spending on infrastructure.
It’s not coincidence that Sydney has been having its strongest market in 12 years at a time when the level of infrastructure development is the highest it’s been in 12 years. It’s not the only reason but it has played a significant role.
And as Sydney starts to shows signs of beginning the fade-out that’s inevitable after three years of heightened activity and prices, investors seeking long-term growth are well advised to follow the infrastructure trail.
Real estate that lies in the path of progress usually grows at superior rates.
The property cycle in Sydney has reached the point where investors need to be extremely careful with their locational choices.
The Sydney market has been percolating for three years and most locations have recorded significant price growth, including double-digit annual increases in median prices across much of the Sydney metropolitan area.
This scenario has meant that owning real estate almost anywhere in Greater Sydney has delivered good capital growth.
But it will not be so simple moving forward. There are already indications that the Sydney boom is beginning to fade. It was inevitable that this would occur and it was most likely to happen in the third year of heightened market activity – i.e. during 2015.
Our latest analysis of sales data shows that there are fewer growth suburbs (in terms of sales activity) than before, which is an indicator that the boom may be fading. I do not expect any dramatic decline, but the high level of price growth of the past 2-3 years is unlikely to continue.
I note that other research sources, including BIS Shrapnel and National Australia Bank, have also forecast that the rate of price growth in Sydney will decrease over the next year or so.
Investors now need to be selective to achieve capital growth – and the best strategy is to focus on locations where spending on new infrastructure, particularly transport infrastructure, will be a catalyst to real estate demand. 
Currently, the outer reaches of the metropolitan area are the market leaders in Sydney. Penrith, Camden and Campbelltown – as far as you can get from the CBD and still be in Greater Sydney – have the most upwardly-mobile markets.
Some Top End suburbs remain vibrant. But, increasingly, we are seeing the biggest growth in the middle and bottom tiers of the market. This continues a process which evolved throughout 2014, with the millionaire suburbs a little less prominent and the more affordable areas rising. 
Western areas are prominent, including the far south-west of the Sydney metropolitan area where both the Campbelltown and Camden LGAs still have numerous growth suburbs, the Liverpool LGA and the Rouse Hill precinct in the far north-west. 
These are all areas which will benefit from infrastructure spending, including projects currently under construction and those in the planning stages.
In some instances, the level of new transport infrastructure is quite exceptional. Take the north-west precinct centred on the emerging growth region of Rouse Hill. This area is an obvious and direct beneficiary of the $9 billion North west Rail Link, now under construction. 
Currently the main transport link to this precinct is the M2 motorway, where a significant upgrade was recently completed.
Other accessibility improvements are being made with the upgrade of Schofields Road,linking Windsor Road at Rouse Hill to Railway Terrace at Schofields. The two-lane rural road will be transformed into a major east-west connection between Windsor Road and Richmond Road over three stages costing about $200 million.
Stage one opened to traffic in July 2014. Stage two should be complete in early 2017 while stage three remains in the planning phase.
Richmond Road has also undergone a recent $46 million upgrade.
The north-west region of Sydney will benefit from the M9 Orbital road, which will connect it to the far south-west of Sydney. The M9 will link Camden in the south-west to Penrith in the west and continue north to Windsor, a near neighbour of Rouse Hill.
The link is in the early stages of planning, with $4.6 million set aside in the FY2015 State Budget for a feasibility study on the construction of the M9.
The north-west region will also benefit from the NorthConnex motorway, the $2.6 billion project designed to address the missing link between the southern end of the M1 Pacific Motorway at Wahroonga and the M2 motorway at its Pennant Hills Road interchange.
Spanning 9km, NorthConnex will be the longest road tunnel project in Australia. Construction of the tunnel is expected to be completed in 2019. It was announced in February 2015 that Lend Lease had won the contract to construct the motorway.
These infrastructure projects are part of the mix that will make the north-west a growth market long-term, beyond the current boom.
TERRY RYDER is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a> 
Terry was recently joined by Property Observer editor at large Jonathan Chancellor for a webinar on why research is the key to successful property investing in 2015. You can download slides and audio from the webinar here.
 
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terryryder-YECXbqmri2

Property investors must follow the infrastructure trail: Terry Ryder 

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International real estate agency Savills has agreed to acquire the Sydney-based real estate agency Cordeau Marshall, that specialises in Sydney’s North Shore and eastern suburbs prestige markets.
Cordeau Marshall, who currently operate under the franchise of Century 21, is a family operated business with over three decades in the real estate industry.
With offices in Double Bay, Gordon, Lindfield, St Ives, Turramurra and Roseville, they rate among the leading agencies on the Upper North Shore. 
The expansionary investment into suburban agency follows the opening of a Savills Residential office in Chinatown in February this year.
Paul McLean, the Savills Australia and New Zealand chief, said building the residential business had been part of their strategic growth plan for some time. Savills will also acquire the Cordeau Marshall rent roll of 700 plus properties.
"The addition of Cordeau Marshall will provide Savills with a significant footprint and a strong platform for further growth in the residential market, not only in Sydney, but nationally.
“We were attracted to this business for a number of reasons - the strength in one of Sydney’s premium residential areas, Cordeau Marshall’s leadership in innovation and engagement with the local community, but probably most importantly the cultural fit of its people with the Savills team.”
The agency has been associated with prestigious upper north shore listings including Inglewood, the 1898 Warrawee residence designed by Howard Joseland and Hugh Vernon, which was offered by the Waine family, co-founders of the Woolworths, Australia, retail chain after eight decades' ownership. 
Craig Marshall, founder of Cordeau Marshall has had a long relationship with the waves of Asian buyers. In 1991 he noted that 20 per cent of all sales on the upper North Shore were to Asian buyers, which had by January 1992 risen to 80 per cent within his agency. He told the Sydney Morning Herald in mid-2013 that of the first 102 properties sold through his network in 2013, some 46 went to Asian buyers.
Savills already has a highly successful residential projects division and luxury residential business in Sydney, having achieved some of the highest residential sales in 2014 with the sale of 112 Wolseley Road, Point Piper for circa $37 million, and a record price for a city apartment in Sydney with the sale of the Eliza Penthouse for $13 million. 
Head of Savills Residential, Ged Rockliff said no other large agency was able to provide such a full service to clients on both a commercial and residential platform.  
“We have the unique offering of a single ownership structure, unlike a franchise business model, ensuring zero conflict among the offices.
"The Savills - Cordeau Marshall business will offer clients a much broader package than currently exists, from managing properties to selling high end luxury, it can all be achieved under the one roof with the support of a global leader in real estate, coupled with local knowledge and community support.
"This allegiance will also provide greater depth and coverage of the Sydney market, particularly for the apartment projects to be marketed in this region with a massive database of owner occupiers, downsizers and an active clientele of investors.
 “We have more than 1,000 off-the-plan apartment sales in the pipeline and with this new acquisition it will enable Savills to provide a complete end to end service to clients, from purchase, through to settlement, and now ongoing property management services,” added Mr Rockliff.
Supplied photo: LtoR Ged Rockliff, Craig Marshall, Paul McLean
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Sydney's prestige Cordeau Marshall agency sold to Savills

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There was only one thing missing in today's thorough 3500-word Good Weekend profile of Mia Freedman.
Her new family home.
Title Tattle gleans the inspirational founder of the mamamia, Mia Freedman and her husband, Jason Lavigne may have bought the six bedroom, Fintry in Bellevue Hill.
Fintry, the starkly white exterior home with Blainey North interiors sits on a 1,368 square metre block.
<img src="https://resources2.news.com.au/images/2013/05/17/1226645/565998-gatsby-homes.jpg" width="650" height="366">
No official sale price has yet emerged, but Title Tattle gleans buyers were being told around $12.5 million was required to secure the trophy home.
It came up for sale in 2012 with $15 million hopes.
The couple have apparently even moved in recently, under licence, after signing what Title Tattle gleans was a put and call purchasing option.
It last traded at $10.2 million in late 2007 - pre-global financial crisis through estate agent Brad Pillinger - in a sale which was described as fully-priced.
There was apparently subsequently a $1 million renovation that saw the addition of a salt water infinity-edge pool that overlooks Lachlan Murdoch’s compound, along with extensive interior and exterior refurbishments while maintaining the original house footprint.
It was briefly available at $6750 a week last year by vendor, Somna Kumar who had bought the Victoria Road property (pictured below before renovation) from the McWilliam family.
Somna Kumar and her partner, Macquarie banker Joseph Jayaraj are now London-based.
<img src="https://photos.homehound.com.au/LJH/251/7719/289316_01_x.jpg" alt="101 Victoria Road, Bellevue Hill NSW 2023">
Title Tattle has been around long enough to recall the McWilliam family had bought it from the Heinze family in 1995 for $2.06 million through Raine &amp; Horne Double Bay agent Bill Hall.
It had been longtime home of the late conductor Sir Bernard Heinze, complete with miniature 12-seat theatre fitted out by his son Adrian with Capitol Theatre furnishings.
It had been bought in 1957 for 22,000 pounds by Sir Bernard and his wife, Lady (Valerie) Heinze following his move from Melbourne to succeed Sir Eugene Goossens at the NSW Conservatorium.
Sir Bernard Heinze, who died in 1982, was one of the great figures of Australian music, and his wife, Valerie, was the daughter of Sir David Hennessey, Lord Mayor of Melbourne, and Lady Hennessey.
Set among Sydney´s most prestigious hillside dress-circle residences, the 1930s Fintry comes with panoramic north-easterly harbour, district and ocean views.
It was marketed through Sotheby's International as having glamorous decor fusing the splendour of times gone by with the modern convenience.
It comes with grand entrance foyer, high ornate ceilings, parquetry floors, original fireplaces and wood-panelled walls.
Mia Freedman seemingly fell in love with the house at least six months ago given she posted pictures on pinterest well before word of the legalities started emerging. 
The entrepreneurial independent digital media couple have lived elsewhere in Bellevue Hill since paying $3,175,000 in 2004. It was briefly listed in 2008 with $4.4 million hopes before being withdrawn from sale. 
More than 650,000 people a month visit Mamamia, the Good Weekend's Jane Cadzow advised.
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Mamamia's Mia Freedman and Jason Lavigne buy Fintry, Bellevue Hill

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Only 2.4% of homes resold in Sydney over the first quarter of 2015 sold at a loss.
CoreLogic RP Data's pain gain report noted the figure was steady compared with the December quarter and down from 3.1% a year earlier. 
The Ashfield, Hunters Hill and Marrickville Council areas each recorded no resales at a loss over the quarter. 
The Pittwater (7.3%), Gosford (5.0%) and Burwood (4.6%) council areas each recorded the highest proportions of loss-making resales throughout Sydney over the quarter. 
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Pittwater and Gosford still problematic with property sale losses: CoreLogic RP Data

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Murulla, the restored early 1900s Queen Anne mansion on 2,300 square metre at Centennial Park, has been sold off market for $12 million. The properties of Martin Road, the tree-lined avenue bordering Centennial Park, are rarely offered to the market. 
It last sold in 1996.
The buyers back then were Justice Deirdre O'Connor, the then Australian Industrial Relations Commission president, and barrister husband Michael Joseph who'd sold their historic Jeanneret-built Hunters Hill house, Glencairn, for $1.325 million.
They bought Murrulla from the gynaecologist Dr Robert Diamond and his wife Elaine who sold the 1906 home through Laing and Simmons Double Bay agent Bart Doff for $4.05 million. 
Title Tattle understands the latest buyer is a barrister who has possibly sealed the sale directly with his legal colleagues.
The $12 million equals the suburb record that occurred earlier this year when Mike Cannon-Brookes, the co-founder of software firm Atlassian, bought <a href="/news/mike-cannon-brookes-spends-12-million-in-centennial-park">Braelin, on the largest landholding on the Lang Road, park-side avenue</a> from the prestige car dealer Ian Pagent and his wife Marianne.
The mansions along the tree-lined road, much in the tradition of London's Hyde Park, were built in the early 1900s, about 90 years after the public parkland was proclaimed by governor Lachlan Macquarie in 1811.
Murrulla has been one of the most tightly held trophy homes in the parkside precinct having previously traded in 1979 for $567,000 when bought from celebrity-maker Harry Miller. Miller had paid $220,000 in 1973, then hosting a cocktail party there in 1977 with Prince Charles as the guest of honour.
Title Tattle recalls the Nobel Prize-winning author Patrick White, who lived in the street until his death in 1990, centred his book The Eye of the Storm around the Queen Anne-style mansion. 
Perched on 2,700 square metres, Muralla is the largest privately held parcel of land in Centennial Park.
The estate comprises a two-level mansion built in 1906, a championship all-weather tennis court with night lights, a heated swimming pool and two-storey stables.
The Queen Anne-style residence was built in 1906 and was the first home in Centennial Park with features including a wide Queen Anne staircase and high pressed metal ceilings
The restored 1908 Queen Anne mansion, located on 2,300 square metres included championship all-weather tennis court with night lights, swimming pool and two-storey stables.
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Murrulla, Centennial Park sells for $12 million off market

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Credit Corp Group, an Australian listed company, has committed to a new lease of circa 3,000 square metres at 201 Kent Street, Sydney.
Savills Australia national leasing director Rob Dickins says the deal highlights the Barangaroo effect which has firmly taken hold as corporate users are seeing this now as a firmly established precinct.
"If not moving into Barangaroo they are setting their sights on premium buildings within very close proximity."
201 Kent Street, which forms part of the Maritime Trade Towers Complex, is a 40,000 square metre A-Grade building strategically located within the western CBD fringe bordering the new Barangaroo precinct.
According to Savills National Leasing Director Rob Dickins who brokered the deal, Credit Corp Group have taken the whole of levels 15 &amp; 24 of 201 Kent Street. 
Credit Corp Group’s current HQ are over four floors at 10 Barrack Street and this new move will amalgamate the Group over two whole floors with a brand new fit out.
The 3000 square metre lease was signed for an initial period of five years with a further five year option. Although the rent has not been disclosed rents in 201 Kent Street have been in the order of $675 per square metre net.  
Mr Dickins said that demand for office space at 201 Kent Street had been significant. 
“As at November of last year there was circa 7,000 square metres of vacant space at 201 Kent Street and within less than six months we have leased all available space.”
In three separate leasing deals in May, Savills leased approximately 2,300 square metres of space at 201 Kent Street, tenants included an education provider, a childcare facilities group and a property consulting group.
“The Barangaroo effect has firmly taken hold as corporate users are seeing this as a firmly established precinct and, if not moving into Barangaroo, are setting their sights on premium buildings within very close proximity,” added Mr Dickins.
201 Kent Street, which forms part of the Maritime Trade Towers Complex, is a 40,000sqm A-Grade building jointly owned by Investa Property Group.  It is strategically located within the CBD and the new Barangaroo precinct.
Rob Dickins advised Credit Corp Group have taken the whole of levels 15 &amp; 24 of 201 Kent Street. 
"Credit Corp Group’s current HQ are over four floors at 10 Barrack Street and this new move will amalgamate the Group over two whole floors with a brand new fit out.
The 3000 square metre lease was signed for an initial period of five years with a further five year option.
Although the rent has not been disclosed rents in 201 Kent Street have been in the order of $675 per square metre net.  
Mr Dickins said that demand for office space at 201 Kent Street had been significant. 
“As at November of last year there was circa 7,000 square metres of vacant space at 201 Kent Street and within less than six months we have leased all available space.”
In three separate leasing deals in May, Savills leased approximately 2,300 square metres of space at 201 Kent Street, tenants included an education provider, a childcare facilities group and a property consulting group.
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Barangaroo effect in Sydney office lease deals

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Vino Del Mar, the 1936 Spanish Mission home in Clifton Gardens, has been sold.
No price disclosure, but the last price guidance had been around $4.5 million for the house above Chowder Bay beach.
Its interiors feature soaring ceilings, timber beams, wrought-iron chandeliers, polished tallow-wood floors, solid timber doors and classical french windows.
Its stone-flagged terraces and mosaic-tiled pool are a touch of old Hollywood glamour.
The Morella Road house on 700 square metres was one of five designed by architect Allan Stafford after he returned to Sydney from California.
It was built for George Eckblade, managing director of Wrigley's Australia, and his wife, Helen.
Stafford had just returned from California where he was inspired by Spanish colonial architecture featuring white-washed stucco walls and terracotta roof tiles.
Originally named El Antonio, the house was a labour of love for the Eckblades taking some seven years to complete.
Title Tattle first recalls its being sold in 1988 for $875,000 when bought from barrister Edward St John QC and wife Valerie. St John, who died in 1994, was the maverick federal member for Warringah elected in 1966 against Jim McClelland, beaten in 1969 by the Michael Mackellar, having quit the Liberal Party several months earlier in a dispute over prime minister John Gorton's suitability to lead the country. Michael Mackellar died just earlier this year. 
It had been the St Johns' home since paying 16,000 pounds in 1960.
Not sure just when it got its name, Vino Del Mar but Vino Del Mar's latest vendors were the Molloys' who listed <a href="https://www.belleproperty.com/selling/NSW/North-Shore-~-Lower/Mosman/House/8P2570-30a-morella-road-mosman-nsw-2088" target="_blank">through Belle Property's Tim Foote and Mark Jackson</a> after just two years.
They bought for $4.5 million from the cinematographer Peter Menzies jnr and his producer-business manager wife, Denise Heffley Menzies, who were always reminded of Chateau Marmont hotel in the Hollywood Hills.
They had bought the property for $4,021,000 in 2008 from retired television commercial producer Maggie Lewis and her husband, Graeme Walker who returned to New Zealand.
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