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.

Joel Robinson

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

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Victoria

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The ultra contemporary 261 The Esplanade, Torquay has been sold at $2 million.
<a href="https://www.realestateview.com.au/Real-Estate/the-esplanade-torquay/Property-Details-sold-residential-8078662" target="_blank">The three bedroom three bathroom contemporary house</a> apparently created quite a stir in the neighbourhood when it was built.
More than $2 million was being suggested for the house listed for February auction, having been listed last October with overly ambition $2.8 million hopes with different agents.
The house has its front door on the side. It has no obvious windows at the front, instead encased in western cedar timber battens, some of which operate as shutters.
The timber and concrete home<a href="https://www.realestate.com.au/property-house-vic-torquay-118688087" target="_blank"> </a>was designed by<a href="https://www.realestate.com.au/property-house-vic-torquay-118688087" target="_blank"> </a>Wolveridge Architects<a href="https://wolveridge.com.au/portfolio/torquay-house/" target="_blank"> and built in 2012</a>.
It was shortlisted in the 2013 Victorian Architecture awards.
Located just off the Esplanade, the distinctive house faces coastal sand dunes on one side and the Sands Resort and golf course on the other. The block doesn't have sea views, but it's a two minute walk to Whites Beach. 
The house has a large 13 metre long open-plan living area with Jetmaster fireplace, with the heart of the house, its entrance foyer with its spotted-gum stairs, encased by a wicker screen, which was hand-woven onsite.
It was sold by owner Becca Hetrel through Hockingstuart agents James Finn and David North.
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jchancellor-FAypfDUnLy

Wolveridge Architects' Torquay trophy home sold

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The Victorian new homes market risked heading into new boom and bust cycle if interest rates had been cut this week.
We have seen a 25% jump in activity off the back of the 0.25% rate cut in February.
The Reserve Bank needs to exercise caution with the interest levers or we risk another boom bust cycle.
The entire housing market was building a head of steam with record clearances and top prices paid on the weekend.
The new homes market in Melbourne's growth areas was in equilibrium for the first time in decades with supply and demand in a long term balance.
The entire industry prefers stability to boom and bust and right now we have a uniform market that is good for both vendors and purchasers.
Oliver Hume Research has found the growth areas property market is underpinned by strong population growth but increased land supply has seen land prices constrained at an average $197,000 - well below the 2009 peak of $225,000.
The current low interest rate environment was a major incentive that, combined with new housing styles, promoted affordability, and this could be at risk.
There are more 50,000 new home starts forecast for 2015 with numbers expected to climb through to a peak in 2017.
There are 143 projects active in Melbourne's growth areas with 140,000 blocks approved for development and many more coming through the approvals process , according to our research.
Other sectors of the economy may need some interest rate relief but the housing policy levers in Victoria are working very well with no price inflation on the horizon.
Paul Ciprian is new communities director with <a href="https://www.oliverhume.com.au/" target="_blank">Oliver Hume</a>.
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PaulCiprian-mBo5V8NYCB

Further interest rate cuts risk a boom and bust for Victoria's new home market: Paul Ciprian

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The Queenscliff Hotel has been relisted for sale.
<a href="https://www.abercrombys.com.au/queenscliff-queenscliff-hotel-16-gellibrand-street-ab2974/" target="_blank">The striking 1887 Queen Anne-style building</a> has 16 rooms with ensuites, sitting rooms, library, bar and dining room and a breakfast room.
There is a commercial kitchen and a manager’s residence.
Abercromby’s are selling the property on a walk-in, walk-out basis at its 20 March auction, where expectations are $3.5 million plus.
The hotel is still taking guests, but the restaurant served its last meals on Christmas Day, following the death of owner Johann Schuetz.
John Schuetz and his wife, Theresa bought the property at 16 Gellibrand Street in 2002.
The 1887 built Queenscliff Hotel on the western tip of Port Phillip bay was designed by Melbourne architects Reed, Henderson &amp; Smart, the same architects responsible for the State Library of Victoria, Collins Street Baptist Church, Melbourne Trades Hall and a number of Melbourne university buildings.
It was built by NW Frogley in the English Queen Anne style for Martha Nugent and Joseph Goslin, wealthy local citizens at the time.
Heritage documents describe its polygonal tower, with its coned roof and bellcast profile and gables, as a reflection of northern European Renaissance architecture, particularly from countries as such France and the Netherlands.
The Schuetz family acquired the property in 2002 from restaurateur Patricia O’Donnell, sister of the late Mietta O'Donnell, who ran the hotel as a fine dining hotel for a number of years. The hotel was first restored for modern use in 1978.
Queenscliff became a significant tourist destination in the late 19th century with holiday-makers taking a two hour paddle steamer journey from Melbourne. 
The influx continued with the 1879 opening of the Geelong railway line, which coincided with the construction of a number of luxury hotels including the Palace Hotel, the Baillieu Hotel and the Vue Grande Hotel.
 
 
 
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Queenscliff Hotel relisted for sale with $3.5 million plus hopes

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There were some 105,000 property transactions across Victoria in 2014, with around 87,000 sales in Melbourne, according to the Real Estate Institute of Victoria (REIV).
Some 43% of sales in 2014 in Melbourne were by auction, compared to 37% in 2013.
During the December quarter 2014, three suburbs - Richmond, Northcote and Strathmore - joined the million dollar median list for the first time.
In 2014, auctions accounted for 60% of all sales within these suburbs.
"As a result of the increased volume of auction sales last year, the median price for houses sold by auction in the 12 months ending December 2014 increased by 7%," REIV chief Enzo Raimondo said.
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43% of 2014 Victorian sales by auction: REIV

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The freehold of Mornington's Bay Hotel on Mornington’s main shopping precinct has been listed for sale.
The 1880s Main Street property is set for 27 February onsite auction with $6 million plus tipped by listing agents, <a href="https://www.realcommercial.com.au/property-retail-vic-mornington-501441807" target="_blank">Vinci Carbone Property and Jacobs &amp; Lowe</a>.
The property provides $370,000 income per annum with the current 2007 signed lease term expiring February 2021 with further options until 2041.
"Hotels that occupy prime sites with quality lessees provide outstanding investments with the security of income combined with remarkable underlying land value," Joseph Carbone said,
The 60-62 Main Street, Mornington modernised property has over 13 metres of frontage on a 552 square metre block with rear lane way access. There is 732 square metre space within the Bay hotel which was converted in the mid-1990s from a bank. 
The property is located on the eastern side of Main Street, north of Barkly Street, in the seaside suburb located some 50 kilometres south east of Melbourne.
Mornington’s main shopping precinct is located in Main Street anchored by two major shopping centres.
Carbone sold the 52 Main Street retail premises for $4.39 million in 2011.
In 2013 MAB Funds Management Limited sold the Mornington Village Shopping Centre for $25.8 million through CBRE.
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Mornington's Bay Hotel offered with lease through to 2041

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An Echuca owner is selling a fleet of three paddlesteamers after 18 years of ownership.
Vendor Max Vulling initially purchased the paddlesteamers as a business venture, entering the Echuca-Moama tourism industry.
He says the paddlesteamers are one of the main attractions in the town.
The PS Canberra was built in 1912 at Goolwa in South Australia. The vessel launched in 1913 as S.S. Canberra, and was used continually until 2002, when it took a nine month break for a restoration.
PS Emmylou was commissioned by an expatriate englishman, Anthony Bromwell, and designed by Sydney based naval architect Warwick Hood. It was used as a private charter for the first couple of years of its life after its completion in 1982, before being used as a tourism vessell.
The third paddlesteamer, the Pride of Murray, was built in 1924 by Charlie Felshow at the Murray River Sawmills. The former outrigger barge is 82 feet, 6 inches long and 16 feet wide.
The sale of the fleet includes leases for all three vessels.
Handel Aubrey of Ray White Echuca is marketing the three paddlesteamers, with the sale including their leases.
"One's got overnight accommodation and all are fully licensed," says Aubrey.
"We anticipate that interest will come from business-minded buyers, people involved or interested in buying into the  hospitality and tourism industries as well as historical enthusiasts," Aubrey says.
 
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jrichardson-uRX5hFdKfN

Historic Murray River paddlesteamer fleet on the market 

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A rather patriotic-looking beach box at Mornington has been listed, in time for Australia Day.
The 2 metre by 2 metre beachbox with a flag façade is on the market with a price guide of $100,000.
Its distinctive paint job might appeal to those who enjoy the beach on 26 January.
<a href="https://www.propertyobserver.com.au/https://www.conleyluff.com.au/property-details/3004748" target="_blank">Bathing Box 34 at Shire Hall Beach </a>on the Mornington Peninsula is listed through Geoff Luff of Conleyluff Real Estate.
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Flag bearing bathing box listed for Australia Day market

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Another Mornington Peninsula boatshed has been released to the market.
A recently rebuilt beach box located on Mount Martha South Beach is being marketed by Warlimont &amp; Nutt real estate.
The colourful <a href="https://www.propertyobserver.com.au/https://wnre.com.au/buy/view/1074" target="_blank">pink and green beach box</a> is listed with a price guide of $147,500.
<img src="/images/2015/01/21/2.jpg" alt="">
This season has seen a number of Mornington Peninsula boatsheds and beach boxes listed, including <a href="/news/vic/portsea-boatshed-listed-with-500-000-plus-hopes">one Portsea offering priced at $500,000</a>.
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Mount Martha beach boatshed listed

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Boatshed 88 in Rye, dubbed the Entertainer at 88, is on the market.
The <a href="https://www.hockingstuart.com.au/BOATSHED_88_RYE_VIC_3941" target="_blank">generator powered boatshed</a> has a full kitchen sink, a gas stove, cupboards, tables and chairs and a gas BBQ. It also comes with a sun shade and umbrellas.
The boatshed is situated near the Tyrone Boat Ramp.
Mal McIness and Michael Christodoulou of Hocking Stuart are expecting $320,000 for the timber clad boatshed with a timber deck.
That's $9,500 more than the sale price of <a href="https://www.realestate.com.au/property-house-vic-rye-118149279" target="_blank">29 Highbury Road</a> (pictured below), a two bedroom house in Rye, which sold for $310,500 in November last year.
<img src="/images/2015/01/20/rye%20jan%2020%20two.jpg" alt="">
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Rye's entertainer boatshed 88 for sale

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A boatshed on Safety Beach in Victoria's Mornington Peninsula has been listed for sale.
<a href="https://www.realestateview.com.au/Real-Estate/boatshed-73-safety-beach-foreshore-safety-beach/Property-Details-buy-residential-8165328" target="_blank">The blue and green boatshed</a> (pictured on the right in the main photograph) comes with a price guide of $185,000 to $210,000.
According to agent Linda Wooley of MJ Ross Co, who is marketing the property, the price range is typical for a boatshed with no power, with those connected to electricity commanding a premium.
Wooley told Property Observer that utility companies rarely reconnect power to bathing boxes or boatsheds once they are disconnected. Those who like to run electricity in their boatsheds, to accommodate lights or small fridges, often use small solar panels.
She noted the steady escalation of boatshed prices in recent years, with the properties generally held for a long time or passed between family members. In 2010, Boatshed 29 on Safety Beach was sold with a $120,000 to $150,000 price guide. Boatshed 43 was sold in the same year, with vendors seeking $110,000 to $130,000.
Boatshed 73 on the Safety Beach Foreshore is available only to rate payers.
Further down the Peninsula, a 22 square metre <a href="/news/vic/portsea-boatshed-listed-with-500-000-plus-hopes">Portsea boatshed has been listed with $500,000 plus hopes</a>.
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