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

Commercial Auction

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A corner block in Sydney’s inner west suburb of Rozelle fetched $5.3 million at auction recently, more than $1 million above its reserve price.
The 610-612A Darling Street property comprises three adjoining terraces and three retail shops and has a total land area of nearly 493 sqm.
The three residential flats earn a steady rental income. The property is fully leased with a gross income of approximately $249,440 pa + GST.
The property was sold through Raymond Hung of Raymond Hung Real Estate at June 30 Cooley Auction.
In addition to excellent exposure, the property is very near to Rozelle weekend markets.
 
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jonathanchancellor-7SQnKwU6yx

Corner block in Sydney's Rozelle sells $1 million above reserve

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Over the week ending June 3 there were 20 commercial auction results reported with a preliminary clearance rate of 35 percent, down from 42.6 percent the previous week across 54 results, according to CoreLogic.
In comparison, at the same time last year, 47 commercial results were reported with a higher success rate of 59.6 percent.
There were 215 auctions reported over the past four weeks, with 116 sales. Of these 116 sales, 95 have been reported with a sale price, representing $199.3 million in total value.
<a href="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%2011.29.53%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%2011.29.53%20AM.png" alt="">
<a href="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%2011.31.23%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/06/15/Screen%20Shot%202016-06-15%20at%2011.31.23%20AM.png" alt="">
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Commercial auctions down for week ending June 3, 2016: CoreLogic

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A securely leased corner property in Melbourne's Richmond has been snapped by a self-managed superannuation fund at auction for $750,000.
Selling agent Rory White of Gray Johnson said the retail investment property's indicative return was 4.8%.
The 255 Swan Street property has a building area of 72 sqm with frontages to Swan Street and Mary Street.
The property is secured by a new five-year lease that started on 1 April with an initial annual rental of $36,000 plus GST and outgoings. There is a further five-year option and the lease provides for CPI-based rental growth. 
The tenant, Portobello Home, is a retail and online store selling mainly furniture and homeware.
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SMSF buys retail property in Melbourne's Swan St for $750,000

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A commercial property suitable for an office, showroom or warehouse at Cheltenham in Melbourne’s south-eastern suburbs is up for auction on May 27 with price expectations of more than $570,000.
The 13/91-95 Tulip Street property is opposite Sandringham Golf Course, and comprises a two-level building of nearly 255 square metres.
The property is part of a commercial development, said listing agent George Takis of Teska Carson. 
"This is a well presented property in a location which benefits from easy access to the CBD, recreational facilities and proximity to Cheltenham train station,’’ Takis said.
 
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Commercial property in Melbourne's Cheltenham expected to sell above $570,000

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A Commercial 2 zoned property in Melbourne's Abbotsford will go under the hammer on May 11 with price expectations of around $800,000.
The 178-180 Hoddle Street property, on the corner with Yarra Street, may look "unloved", say listing agents Scott Ashby and Matt Hoath of Gray Johnson, but the vacant possession property presents a great opportunity to acquire a sub-$1 million city-fringe property that is ready for redevelopment.
The site area is 267 sqm.
“The most recent occupier of this property was a picture framing business but historically a diversity of businesses from a butcher, to a doctor’s surgery, funeral parlour and art gallery have occupied this property,” said Matt Hoath.
The Victorian-style facade over two levels and part of the existing building structure may provide the structural basis for an office, retail or multi-use redevelopment.
The rear portion of the property has been cleared in readiness for the auction.
The property is well located for access to the nearby Smith and Victoria Streets and close to Collingwood railway station. 
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'Unloved' property in Melbourne's Abbotsford to go under the hammer

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Melbourne’s Metropolitan Hotel has exchanged hands, snapped up by a local investor for $8.61 million at auction and adding to a flurry of deals this month totalling more than $15 million.
The iconic corner street pub at 263-265 William Street has a history spanning 160 years.
The sale reflected a yield of 2.38 percent - the strongest ever for a Melbourne CBD pub, according to a media release. 
CBRE’s Josh Rutman, Mark Wizel, Paul Tzamalis and Scott Callow brokered the sale along with Killen Thomas agent David Marks.
Rutman said the hotel’s sale attracted widespread buyer interest, as evidenced by the auction.
“With nine bidders competing on the day, many being multiple CBD owners, the appetite for well-located corners in the city is evident."
Lazaros Papasavas – multiple owner of CBD assets and one of the underbidders for the property on the day - said, “We've been very encouraged by the activity and growth in the CBD market over the last 12-18 months, and... understand the value of this market well and, despite prices increasing, see great value in the CBD."
In addition to the Metropolitan Hotel, The Great Western Hotel at 204-208 King Street also changed hands for $6.5 million on a yield of 2.9%.
Rutman said the recent transaction flurry was testament to the growing strength of the western end of the CBD.
"We are experiencing the strongest selling conditions in the Melbourne CBD in more than 30 years and there is no fundamental indicator pointing to why it should slow down,” he said.
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Metropolitan Hotel in Melbourne CBD sold under the hammer for $8.61 million

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The site of popular watering hole, the Evening Star Hotel in Sydney's Surry Hills, will go up for auction on May 3.
The pub, which tapped its first keg in 1873, is located at <a href="https://www.gunningre.com.au/1P3893" target="_blank">360 Elizabeth Street</a>.
It is pictured before the apartments went up above it around 2006 and below after renovations.
<img src="/images/2016/04/11/lt-1-1P3893-145679489287956429-rsd.jpg" alt="" width="614" height="409">
The listing agent is Daniel Gunning of Gunning Real Estate. 
“It is a secure and well leased investment,” Gunning said. “The redevelopment of the hotel in 2006 consisted of retaining its façade and the floor space being reduced to a single storey premises as it is today, the rest of the land was developed into a high-rise residential building known as Icon."
<img src="/images/2016/04/11/lt-1-1P3893-145679491315796114-rsd.jpg" alt="" width="669" height="446">
Tenant, the Marvan Hotel group, has recently signed a new seven-year lease with a further five-year option.
“The Marvan Hotel group has also committed to a major renovation of which will capitalise on its positioning close to China Town and Haymarket. The focus will be on gaming and TAB facilities," he said.
<img src="/images/2016/04/11/lt-1-1P3893-145679494002630847-rsd.jpg" alt="" width="659" height="439">
Marvan Hotel group also operates other hotels, including the Sea Breeze, Nelson bay; Lidcombe Hotel, Lidcombe; The Flynn, Sydney; The Bald Face Stag, Leichhardt; The Westmead Tavern, Westmead and The Merrylands tavern, Merrylands.
“Outside of the lockout law precinct, 360 Elizabeth Street represents good value for future leasing opportunities and with the tram coming through in the area in 2017/2018, we believe demand will be high for this property.
He added that the property has the potential to be subdivided into multiple smaller retail shops or remain “as is” in-one-line.
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Evening Star pub in Sydney's Surry Hills up for auction 

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A Surfers Paradise site leased to global restaurant chain Hooters is up for sale via auction on May 5.
The property at Lot 11 2893-2903 Gold Coast Highway has a lettable area of about 424 sqm and includes alfresco plus two storage areas and a back loading bay.
It is being marketed by Steven King of Ray White Commercial Gold Coast.
King said the offering is underpinned by a secure lease to Hooters.
“Nasdaq-listed Hooters is a public company and the owner operator of 61 restaurant brands in the United States and abroad and owner franchiser of the Hooters brand,” he said.
Hooters has a 10-year lease with the tenancy commencing in December 2013, with two further options of five years each.
The property generates net rental income of about $156,825 per annum with four percent annual increases on gross income.
 
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Hooters Surfers site for sale at May auction

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A childcare centre in Littlehampton in Adelaide Hills leased to ASX-listed G8 Education is up for sale at a Burgess Rawson portfolio auction in Melbourne on April 6.
The <a href="https://www.burgessrawson.com.au/buying/SA/Adelaide-Hills/Littlehampton/MedicalorConsulting/3P1257#.VvCcP2R96u5" target="_blank">1 Rosella Court</a> centre is on a 1.36 ha site with future redevelopment potential subject to council regulations.
The centre is on secure 10-year lease to G8 Education plus options through to 2040. G8 has more than 450 centres nationally.
The rent is $237,405 pa and there is a fixed 4 percent pa rent increase with the tenant paying all the usual outgoings.
The property has dual childcare facilities with main building licensed for 125 places and includes G8's state training/conference HQ, plus purpose built pre-school facility licensed for 45 places (completed 2014).
Littlehampton is a suburb of the Mount Barker District, with its population forecast to grow 58 percent by 2036 and located 30 km east from the Adelaide CBD.
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Childcare centre in SA's Littlehampton up for sale at Burgess Rawson auction

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A well-known local identity has paid $11 million for Alexanders’ corner on Bridge Road and Church Street in Melbourne's Richmond at auction.
The 254-256 Church Street and 246 Bridge Road property comprises a 1560-square metre building including four ground floor shops, four first floor office suites and an upper level dance studio, on an 892 square metre site with exposure to the corner of Church Street and Bridge Road.
The building is fully leased to nine tenants including Commonwealth Bank and Priceline Pharmacy, providing a secure net income of $481,300 per annum.
The deal was brokered by Teska Carson’s Larry Takis with CBRE’s Josh Rutman.
"Bridge Road will be unrecognisable in a few years. Everyone will want to be back there as the huge redevelopment of the surrounding precinct transforms the area and revitalises the retail catchment," said Takis.
"Developments including the $350 million Epworth project, Little Projects’ apartments on the Thomas Dux site and the redevelopment of Richmond Plaza, among many others, have invested heavily in the resurgence of an area which is arguably Melbourne’s best lifestyle precinct.’’
He said the Bridge Road locality had seen the recent planning and development of a large number of residential developments including:
* 178-182 Bridge Road (14 apartments)
* 19-21 Judd Street (50 apartments)
* 123-125 Bridge Road (21 apartments)
* 207 Bridge Road (54 apartments)
* 32 Bosisto Street (39 apartments)
* 231 Bridge Road (31 apartments)
* 153-155 &amp; 177 Bridge Road (14 storeys)
* 183-189 Bridge Road (63 apartments)
According to the City of Yarra and ABS data Richmond’s population grew 37 percent to 31,262 in 2014 from 22,789 in 1991 and is expected to rise another 38 per cent by 2036.
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