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

Title Tattle

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Thoroughbred racing enthu­siast Victoria Samba is selling in Coogee.
It’s been a rental since Samba relocated to Melbourne.
It was most recently offered as a $1850-a-weeker last year, but is being offered with vacant possession through Jason Pantzer at Phillips Pantzer Donnelley for its September 26 auction.
Samba had paid $2.91 million in 2017 for the Dolphin St home when briefly moving from the Randwick home that she and then-husband, recruitment firm boss Mitch Hoare, sold for $3,575,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/coogee%202.jpg" alt="">
The Coogee home, on 220sqm, spans two levels ­designed to take advantage of its northerly aspect.
Thoroughly modern, the home has four bedrooms, a custom-fitted study, and an open-plan kitchen, living and dining area that spills on to a rear garden with built-in barbecue.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/coogee%203.jpg" alt="">
Samba, the daughter of the late Melbourne racing identity Les Samba, moved to the Mornington Peninsula late last year to live with her horse-veterinarian partner.
This article was first published in the Sunday Telegraph. 
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firstname1-iYD4UYzvBa

Victoria Samba lists Coogee investment

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<div class="tg-tlc-storybody_intro">
Sydney Swans co-captain Luke Parker pocketed $3.2 million when he auctioned his Malabar property on Saturday.
</div>
The 27-year-old midfielder had listed the five-bedroom house with $3 million hopes.
Parker bought it for $2.66 million in 2017, when it promptly became an $1800-a-week rental, and then ­offered again at $1700 last year.
Ray White Maroubra agent Nader Hotait took bids from three keen parties for the two-storey home which is ­encased in glass.
Set on a 375sqm block, the modern home features ocean bay views from its Victoria St location.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/malabar%202.jpg" alt="">
Parker is a dab hand in property, having been selected by realestate.com.au to provide video content on his projects undertaken with his seven-year partner interior decorator, Kate Lawrence.
Parker, whose Swans are three games out of the eight, and set to miss the AFL ­finals for the second year in a row, recently finished working on a stunning ­duplex in Matraville with Lawrence.
Tenants are being sought for one of the Lawson St houses, which has four bedrooms and three bathrooms. There is a pool in its north-facing yard, plus large entertainers’ deck and grass.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/malabar%203.jpg" alt="">
“The landlord was open to including pool and garden maintenance as part of the letting,” its Belle leasing agent Luke Overs advised.
Earlier this year Parker sold a Maroubra investment for $1.45 million, having paid $1.3 million in 2016.
Parker was picked up in the 2010 draft by Sydney after playing for the Dandenong Stingrays.
This article was first published in the Sunday Telegraph. 
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Sydney Swan Luke Parker pockets $3.2 million in Malabar

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Sydney Swans co-captain Luke Parker has listed his Malabar property. The 27-year-old midfielder is selling the five-bedroom house with $3 million hopes.
Parker bought it for $2.66 million in 2017, when it promptly became an $1800-a-week rental, and then ­offered again at $1700 last year.
Ray White Maroubra agent Nader Hotait has scheduled a September 26 auction for the two-storey home which is encased in glass.
Set on a 375sqm block, the home features a split-level master suite with a balcony, a gourmet kitchen with a 5.5m island bench, and a living area with designated dining space.
A pool sits in the garden with native Australian flora. There are ocean views from its Victoria St location.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/malabar%202.jpg" alt="">
Parker is a dab hand in property, having been selected by realestate.com.au to provide video content on his projects undertaken with his seven-year partner interior decorator, Kate Lawrence.
Parker, whose Swans are three games out of the eight, and set to miss the AFL ­finals for the second year in a row, recently finished working on a stunning ­duplex in Matraville with Lawrence.
Tenants are being sought for one of the Lawson St houses, which has four bedrooms and three bathrooms. There is a pool in its north-facing yard, plus large entertainers’ deck and grass.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/malabar%203.jpg" alt="">
“The landlord was open to including pool and garden maintenance as part of the letting,” its Belle leasing agent Luke Overs advised.
Earlier this year Parker sold a Maroubra investment for $1.45 million, having paid $1.3 million in 2016.
Parker was picked up in the 2010 draft by Sydney after playing for the Dandenong Stingrays.
This article was first published in the Sunday Telegraph. 
 
 
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Sydney Swans Luke Parker lists Malabar investment

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Married At First Sight success story Cameron Merchant and wife Jules Robinson have bought their first home ­together. They’ve spent $1,806,000 on their family home in Cromer.
Settling just weeks ­before the pair welcome their first child in mid-September, the four-bedroom home is getting a quick makeover.
However, the couple have ­apparently chosen not to find out the gender of their baby, which has limited choices for the nursery by their decorators, The Block duo Mitch Edwards and Mark McKie.
The four-bedroom, three-bathroom, northern beaches house last traded for $1,075,000 in 2014.
It had recently been a $1300-a-week rental before its sale by Belle agent Nick Duchatel, who sec­ured a pre-auction deal.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/cromer%202.jpg" alt="">
Cromer has 40 properties currently for sale on realestate.com.au, which puts its four-bedroom median price at $1.65 million. Based on five years of sales, Cromer has seen a compound growth rate of 6.6 per cent for houses.
he buy comes after Merchant sold his one-bedroom Kirribilli apartment for a loss. It fetched $926,000 post-auction, having been bought for $941,000 in 2017, just before he took part in the Channel 9 show in 2018.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/cromer%203.jpg" alt="">
Merchant retains an investment in Dee Why’s Grand Reef complex, which cost $720,000 in 2014.
The Cromer property was bought by the couple, who married last November, although Jules’ co-ownership has been registered under her maiden name.
This article was first published in the Sunday Telegraph.
 
 
 
 
 
 
<a class="clickable" title="View Property Detail" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;" href=""> </a>
 
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MAFS couple buy Cromer family home

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The Pennant Hills property of Federal politician Julian Leeser has hit the market.
The three-bedroom 1920s period home has been listed through Patrick Goode at Soames North Shore.
The home has high ­ornate ceilings, timber floors and fireplaces.
Leeser has resided in the home with his barrister wife Joanna Davidson for a decade. They will upgrade locally.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/pennant%20hill%202.jpg" alt="">
His mobile reception is OK, but since his 2016 election, Leeser has pursued Telstra over black spots within the Berowra electorate. 
“Telecommunications should be like electricity and water. It is absurd that people living 40 minutes from the Sydney CBD can’t get mobile coverage,” Leeser said in a recent submission to the Department of Communications.
The property is just a few doors away from the former MP Philip Ruddock.
This article was first published in the Sunday Telegraph.
 
 
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Federal politician Julian Leeser lists Pennant Hill home

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Retired AFL Sydney Swans captain Kieren Jack has listed a Randwick investment apartment for sale.
Jack, who retired last year and is now the Swans’ business development manager, paid $570,000 for the apartment in 2009, two years into his playing time at Moore Park.
The two-bedroom apartment, near the new light rail, sits on the top level of a 1960s block of nine.
Jack, who briefly called the apartment home, is now based in Paddington with his wife Charlotte.
Carl Wilson, from Home ­Estate Agents, has the Mulwarree Ave unit listed for September 19 auction, with 11 groups at yesterday’s first open for inspection.
They were advised the price guide was $925,000 to $975,000.
Randwick has a $1 million median for its two-bedrooms units, which typically rent for $600 a week. Based on five years of sales, Randwick has seen a compound 5.6 per cent price growth for units, ­according to realestate.com.au.
This article was first published in the Sunday Telegraph. 
 
 
 
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Sydney Swans legend Kieren Jack lists Randwick investment

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Former NRL star Todd Carney has sold his Waverley investment apartment.
Carney bought the one-bedroom, one-bathroom property for $607,000 in 2011.
It was snappily sold with no disclosed price by Albert Sassoon at McGrath, but buyers were being told $900,000.
It had been a $695-a-week rental in late-2019, having first yielded $550 a week on its purchase.
Located on Birrell St, the apartment offers a modern kitchen, open-plan living and dining, and a private courtyard.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/31/waverley%202.jpg" alt="">
The sale comes ­shortly after the disposal of his Sans Souci investment property at $600,500 in June.
Carney is also set to auction off a Coogee two-bedroom apartment that he bought in 2010 for $880,000.
Carney, who has been dating the former Married At First Sight star Susie Bradley, recently opened a new tattoo studio, Island of the Gods Ink, in Bali. He participated in dry July.
There is a $563,500 median price for Waverley’s one-bedders, according to realestate.com.au.
This article was first published in the Sunday Telegraph.  
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-waverley-134214442"> </a>
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Todd Carney lists Waverley investment

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No signs yet of its listing, but agents will soon get the chance to take the Mosman home Michael Gu, the founder of the collapsed property group iProsperity, to a spring sale.
Gu paid $10 million for the mansion back in 2017, but has recently quit Sydney after gaining an overseas travel exemption, despite allegedly owing investors $350 million.
IProsperity’s liquidator, Cor Cordis, is understood to have sold Gu’s Rolls Royce Wraith for $502,000 with just 1039km on the clock.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/25/mosman%202.jpg" alt="">
The luxury Mosman market is strong.
There was a $20m-plus midweek sale of the Alex Popov-designed home of childcare mogul Brendan McAssey and his wife Elizabeth, who are off to Luggie Bank at Mittagong in the Southern Highlands.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/25/mosman%203.jpg" alt="">
The four-bedroom home, reportedly rented by inter­national superstars David and Victoria Beckham when they came to Sydney in 2018 for the Invictus Games, traded at $17,349,691 in 2016 when bought from Donna Doyle.
This article was first published in the Sunday Telegraph. 
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iProsperity's Michael Gu readying Mosman house listing

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Veteran Sydney jockey Glyn Schofield has listed his investment apartment in Tamarama.
It goes to September 26 auction through Riki Tawhara at Sydney Sotheby’s Inter­national Realty with $2.5 million hopes.
Schofield paid $2.3 million in 2017 for the three-bedroom, two-bathroom apartment.
With a large balcony, just 200m from the beach, he initially sought a $1500-a-week tenant, reflecting a 3.4 per cent yield.
His most recent asking rent was $1450.
Spanning 120sqm, the apartment, with a Scandinavian influence, is set in the Pertama complex, which comprises two apartments per floor, designed by Marchese Architects.
Schofield, who had three rides at Rosehill yesterday, has secured over $55 million in prizemoney for his owners over his illustrious two ­decade career.
This article was first published in the Sunday Telegraph. 
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Jockey Glyn Schofield lists Tamarama investment

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The long-held Belrose estate of former Coca-Cola Amatil chief executive Dean Wills has been sold to the daughter of a South African rich-lister.
The grand three-level trophy home fetched $8 million when bought by Luciana Ravazzotti and her husband Pierre ­Langenhoven.
Her father, Giovanni Ravazzotti, the founder of tiler and bathware retailer Italtile, is ranked as one of South ­Africa’s richest. The family has expansive investments in Australian cattle farms. The couple have listed their home in Seaforth.
The six-bedroom mansion, complete with a pool, tennis court, and 12-car showroom-style garage as befitted Wills’ eclectic car collection, was ­offered through Sydney Country Living agent Brian McMillan. There was also the art studio of his late wife, Margaret.
The grand residence on 9490sqm last traded in 1994 for $2.55 million.
Wills’ 46-year business ­career began in 1933, when he earned 37 shillings and sixpence a week at the SA Gas Company.
This article was first published in the Sunday Telegraph. 
<a href="https://www.realestate.com.au/sold/property-house-nsw-belrose-133187934"> </a>
 
 
 
 
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