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

Canterbury

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The expansive Shrublands mansion, on Canterbury’s Golden Mile, has come onto the market for just the third time in its 160-year history.
Located at 16 Balwyn Road, the home and surrounding grounds occupy a 6500 square metre block.
It features nine bedrooms, nine bathrooms, 10 car spaces, a tennis court, basement cinema, billiards room, wine cellar, gym large lounge, caretaker's residence, landscaped gardens, an indoor pool, heated piazza, and even its own board room.
Since its establishment in the 1860’s, only three different families have occupied the residence.
Jock Langley and Simon Curtain, from Abercromby's Real Estate Armadale, listed the sale.
The SOI document provided with the listing estimates a price tag of $42 million to 46 million.
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wdavis-8cCN98p7xp

Shrublands estate on Canterbury’s Golden Mile listed for sale

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Shenley Croft, an Edwardian villa located in the Golden Mile precinct of Melbourne's Canterbury, is being offered to the market.
It had an auction scheduled on June 15.
The circa 1905 home has since been listed by Jonathon O'Donoghue and Alexandra Valmorbida from Jellis Craig with a price guide of $3.9 million to $4.1 million.
Offered for the first time in 60 years, Shenley Croft at <a href="https://www.realestate.com.au/property-house-vic-canterbury-131205874" target="_blank">7 Mangarra Road, Canterbury r</a>etains original features including 3.6 metre high ceilings, polished timber accents and French doors.
It comprises four bedrooms, study, living and sitting areas, dining room, kitchen and meals with fireplace and bathroom with clawfoot bath.
<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/2019/6/5/canterbury%202.jpg" alt="">
Additional highlights of the villa include powder room, large laundry/vestibule, storeroom, hydronic heating, air-conditioning, and carport/garage plus off-street parking.
The Federation-era home offers opportunities to renovate and extend (STCA) on its two titles.
<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/2019/6/5/canterbury%203.jpg" alt="">
It is within close proximity to private schools, Camberwell Junction retail-restaurant precinct, Rivoli cinemas, parklands, Burke Road trams and East Camberwell train station.
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j.ballantyne1990-6AQqhLzZaK

Canterbury Edwardian villa Shenley Croft listed for sale

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Shenley Croft, an Edwardian villa located in the Golden Mile precinct of Melbourne's Canterbury, has been set for auction on June 15.
The circa 1905 home has been listed by Jonathon O'Donoghue and Alexandra Valmorbida from Jellis Craig with a price guide of $3.9 million to $4.1 million.
Offered for the first time in 60 years, Shenley Croft at <a href="https://www.realestate.com.au/property-house-vic-canterbury-131205874" target="_blank">7 Mangarra Road, Canterbury r</a>etains original features including 3.6 metre high ceilings, polished timber accents and French doors.
It comprises four bedrooms, study, living and sitting areas, dining room, kitchen and meals with fireplace and bathroom with clawfoot bath.
<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/2019/6/5/canterbury%202.jpg" alt="">
Additional highlights of the villa include powder room, large laundry/vestibule, storeroom, hydronic heating, air-conditioning, and carport/garage plus off-street parking.
The Federation-era home offers opportunities to renovate and extend (STCA) on its two titles.
<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/2019/6/5/canterbury%203.jpg" alt="">
It is within close proximity to private schools, Camberwell Junction retail-restaurant precinct, Rivoli cinemas, parklands, Burke Road trams and East Camberwell train station.
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Canterbury Edwardian villa Shenley Croft set for auction

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A Canterbury trophy home with its own tennis court, indoor pool and cinema has hit the market.
The six-bedroom, seven-bathroom mansion at 125 Mont Albert Road was designed by Nicholas Day and is set on a 1,747 square metre block.
<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/2018/11/30/1fbf4a0e45ec41719c640905c4542787.jpg" alt="">
Other features include a sauna, a wine cellar, and executive library, basement parking for six cars, and imported marble and oak finishes across the house’s three levels.
Camberwell Boys and Camberwell Girls Grammar School, Balwyn Village shopping, Maling Road cafes, trams, trains and parklands are within walking distance.
<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/2018/11/30/f90e3bf0605c43bdac8f342b1c44cddb.jpg" alt="">
The home is for sale through RT Edgar - Toorak agents Mandy Zhu and Jin Shang via an expression of interest campaign that ends 3pm on 3 December.
<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/2018/11/30/7feaf79ba49e4418bd697a1a68afd520.jpg" alt="">
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New Canterbury trophy mansion hits the market

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The Confederation of Australian Motor Sports (CAMS) has bought new headquarters in Canterbury.
CAMS has acquired auto group Worldmark's office building at <a href="https://www.realcommercial.com.au/property-offices-vic-canterbury-502888626" target="_blank">275 Canterbury Road</a> (above).
It cost $6.72 million, having last traded for $675,000 in 1995.
The sports motoring group sold its existing headquarters at 851 Dandenong Road, East Malvern for $8 million last year (below).
CAMS had paid $1,781,000 in 1997.
<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/2018/9/11/AMS.jpg" alt="">
There was no room to expand in the building which was in need of a significant upgrade.
The 40 staff will move in March.
Meanwhile, after selling its St Kilda Road headquarters for $95.38 million, the auto industry's local lobby group, The Victorian Automotive Chamber of Commerce, has snapped up a North Melbourne site for $8.8 million.
It has bought 644-658 Victoria Street after it passed in at auction.
The property, home to Melbourne City Garage, is a vast 1618 square metre garage where the VACC will construct a four-level office with a rooftop garden. 
The VACC is leasing back 464 St Kilda Road - held for 60 years - from new co-owners Abacus and Wing Tai Holdings.
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Motor sports body buys new Canterbury headquarters 

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After just seven days on the market, 25 Monomeath Avenue, Canterbury found a buyer mid-week.
<div>The Chinese vendor secured $8,188,000, having done very little to the house that cost $4,812,790 in 2013.</div>
<div> </div>
<div>The 1868 sqm battle-axe block with an early 1990s one storey brick home sold to a buyer from Macau through Louis Lin at AVE Real Estate.</div>
<div>
<div>
<div>
<div> </div>
<div>Now replaced by European chateaus, few of its Edwardian era homes remain along the avenue lined with beautiful oaks planted from the day when the road was made in 1911.</div>
<div> </div>
<div>While the sold property does not come with noteworthy former political links, such has Hamer and Peacock, it was the home of John Mott, whose family founded the Melbourne newspaper chain Leader Associated. Mott bought bought the home shortly after the 1986 sale of his stake in the Herald &amp; Weekly Times.</div>
<div> </div>
<div><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/2018/8/13/canterbury%202.jpg" alt=""></div>
<div> </div>
<div>The avenue's record price of $13,188,000 was set in 2015 with a purchase by Qiuying Sun with other sale prices also coming with the lucky 8 number. </div>
<div> </div>
<div>There was also a $12.08 million sale when Yi Qian purchased a three level Phillip Mannerheim designed trophy home, with lift-access from its eight car basement. The six bedroom, six bathroom home came with interiors designed by the late Stuart Rattle, within Paul Bangay gardens. </div>
<div> </div>
<div>
<div>There was a $8,000,888 sale in 2010, though it was not to a Chinese buyer.</div>
</div>
</div>
</div>
</div>
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jchancellor-FAypfDUnLy

The $8,188,888 Monomeath Avenue, Canterbury trophy home

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A four bedroom house at Canterbury has been sold for $4.75 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-125355394" target="_blank">42 Parlington Street</a>, the 55 sqm property is located opposite Norway Reserve and has a northern aspect.
It last sold in 2010 for $3.15 million and the block of land was sold in 1994 for $435,000 with the house built in 1996.
It sits on a 967 sqm of landscaped garden featuring a swimming pool and a terrace.
Reception rooms complement the entertaining areas with a north-facing billiards room with bar and poolside bathroom that leads out to the garden.
It also has an open-plan living and dining room with a gas pebbled fireplace while the kitchen has Gaggenau appliances.
<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/2017/05/28/42%20Parlington%20Street-2.jpg" alt="">
The main bedroom features a dressing room, balcony and marble spa ensuite along with three other bedrooms that have a bathroom and retreat/study with balcony.
Other features includes double garage and 1000 bottle wine cellar.
Close proximity to public transport, Canterbury and Camberwell shopping centres and cafes.
The property was offered through Kay and Burton agents Zoe Ho and Sam Wilkinson.
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Canterbury four bedroom house sold for $4.75 million

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Hazelwood, an 1890s Victorian-era home at Canterbury sold for $4.2 million in Melbourne's second dearest weekend auction result.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-124547526" target="_blank">4 Victoria Avenue</a>, the five bedroom property combines both classic and contemporary fixtures.
It is in close proximity to Golden Mile address as well as tram, train and Maling Road shopping.
It has a huge lounge, large Euro/granite kitchen/meals area that opens to the pool-view deck.
A family room, garden studio/home office, cellar and remote double garage are also featured in this property which has 350 sqm living space.
The property, built of Hawthorn Brick, was offered through JellisCraig agents Richard Winneke and Chris Daly.
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