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 Listing

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A Sunshine Coast hinterland resort catering to bed and breakfast, small conference and boutique wedding market is up for sale through auction on May 19.
The 4-½ star Maleny Views Cottage Resort and Conference Centre at 1 Panorama Place, Maleny, is being offered as an investment opportunity with the existing managers committed to a long-term lease agreement.
The property is on a land area of about 4,267 sum and generates a net income of nearly $136,036 per annum.
It is being marketed by Ray White Commercial Caloundra’s Len Greedy, Alan Gray and Luca Reynolds.
Gray said the resort is in a picturesque location near the townships of Maleny and Montville and enjoys coastal views.
“There are views from the cottages to the coastline and extending southward to the Glasshouse Mountains as the land is elevated and set above the road level,” he said.
<img src="/images/2016/04/22/Screen%20Shot%202016-04-22%20at%209.16.07%20PM.png" alt="">
The resort comprises three cottages each containing two studio cabins, a penthouse and studio villa, reception and conference facilities, wedding gazebo and swimming pool.
It also has a separate three-bedroom manager’s residence.
<img src="/images/2016/04/22/Screen%20Shot%202016-04-22%20at%209.14.34%20PM.png" alt="">
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Sunshine Coast hinterland resort to go under the hammer 

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A shed complex in Oakhurst area of Queensland is up for grabs at $599,000 + GST.
The property at lot <a href="https://www.rhcommercial.com.au/properties/lot-67-precision-drive-oakhurst-4650-queensland" target="_blank">67 Precision Drive</a> is spread over 500 sqm.
There is a six-month rental guarantee with the vendor guaranteeing the first six months lease if a tenant is required.
The property is being sold through Raine &amp; Horne.
It consists of two colourbond sheds, plenty of hardstand and parking.
Security fencing over two-thirds of the site. 
Ground floor and Mezzanine office built to high spec, two kitchens and other facilities; roof top solar power 20 kw each shed, low to zero power bills.
And there is a 5,000 gallon underground water tank, plus two 30 000 freestanding tanks.
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Shed complex in Queensland's Oakhurst up for sale

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A two-storey commercial building in the CBD area of NSW’s Dubbo has been listed through Burgess Rawson.
The <a href="https://www.burgessrawson.com.au/buying/NSW/Dubbo-and-Orana/Dubbo/Office/2P1139#.Vsg-G8eO7ow" target="_blank">10-14 Cobra Street</a> property is fully leased, and tenants include Pizza Hut, Australian Hearing Services and Raine &amp; Horne. Among its neighbours are a Red Rooster and McDonald’s.
All the four tenants are on five-year leases with the option of another five.
The investment property generates an annual net income of $242,304 plus GST.
The building has a floor area of 842 sqm with 30 on-site car spaces. Its landholding is 1,926 sum with frontages to Macquarie Street and Mitchell Highway.
Dubbo is a major regional city servicing a geographical area one-third the size of NSW. The city’s population is in excess of 41,000 with a catchment population of more than 120,000, according to the state government website.
The listing agent is Simon Staddon. 
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Two-storey retail building in Dubbo’s CBD up for sale via auction

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A CBD shopping complex and an office space with development potential in Adelaide’s bustling Rundle Mall are on the market.
City Cross Shopping Centre and 32 Grenfell Street are being marketed through JLL’s Simon Rooney and Jamie Guerra, appointed by the Makris Group. 
City Cross comprises a combined 10,524 square metres of core retail and commercial floor space, set on a site of 6,779 sqm.
Retail investment activity in South Australia reached a record high in 2015 at $708 million.
The two major CBD transactions both transacted by JLL, that of the Myer Centre Adelaide ($288 million) sold to Singaporean REIT Starhill and the mixed-use Rundle Place and 80 Grenfell Street ($400 million) sold to US investment powerhouse Blackstone, both located on Rundle Mall, contributed significantly to last year’s record volume and demonstrated the high level of primarily-offshore capital seeking prime CBD retail and office assets, said Simon Rooney, JLL’s head of Retail Investments for Australasia.
City Cross is a mixed-use CBD shopping and office complex, comprising Harvey Norman, A-Mart Sports, two mini majors, 55 specialties and kiosks and four office tenancies with a significant holding income of approximately $6,448,000.
“Developers will be attracted to City Cross due to its absolute prime location in the core of the Adelaide CBD, with frontages to four key streets, its substantial holding income and the ability to unlock significant future value by creating a major mixed-use development subject to Development Assessment Commission (DAC) approval."
Subject to DAC approval, the development could comprise the existing retail, a 22,490 square metre commercial office tower, 316 residential apartments and a 56-bed student accommodation tower, he said.
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Adelaide CBD shopping complex and office space comes to market

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A tenanted three-level office tower in the heart of West Perth is for sale through Colliers International.
Interest in the Havelock Street property is anticipated to be strong.
The 1,131sq m property features a 1288sq m office building with secure parking for 27 cars and a strong net income of nearly $430,000 per annum.
The property is close to transport routes along Hay Street.
Colliers International Director Investment Services Nicholas Agapitos said 57 Havelock Street offered large 590sq m floor plates around a central service core, with banks of windows that ensured good natural light throughout the property.
While the building is in excellent condition, zoning also allows for the site to have other uses, including residential development.
“This property will appeal to a lot of owner-occupiers who will be able to take advantage of its position in West Perth,” Agapitos said.
“It is not often properties in this precinct come on to the market and we expect strong interest.”
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Plum West Perth property heads to market

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Strengthening demand for freestanding retail investment assets has spurred the listing of two prominent Melbourne service stations.
On offer are a Caltex service station in the western suburb of Altona Meadows, together with a combined BP petrol station and car wash in Blackburn.
The 2-6 Central Avenue Caltex station is set on a 2,383sqm site, and benefits from a corner location and strong tenancy profile which includes Woolworths Limited.
The property, which is expected to sell in excess of $5 million, benefits from a strong trading history, having operated as a service station for more than 25 years.
CBRE Victorian Retail Investments has been appointed to sell the assets.
“Being the only Woolworths Caltex service station in an eight kilometre radius, this property represents an outstanding opportunity to acquire a secure investment with potential for capital return,” said Justin Dowers, one of the listing agents.
The BP service station offered for sale is at 233-243 Whitehorse Road, in the heart of Blackburn’s commercial hub, and close to national retailers such as Bunnings, Officeworks, Supercheap Auto and Brandsmart.
The property has three street frontages and a 7.6 year WALE (weighted average lease expiry) provides steady income.
CBRE's Joseph Du Rieu said the underlying land holding and tightly held nature of Whitehorse Road would be likely to generate buyer interest around the $8 million mark.
“Given the current buyer market environment we expect strong interest from local and offshore groups as evidenced by the recent sales of Petbarn on Whitehorse Road and Officeworks, Vermont South, with both assets reflecting initial yields of less than 5%,” he said.
Caltex Altona Meadows is being sold through a public expression of interest closing March 17, while BP Blackburn will be auctioned on the same day.
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Melbourne service stations to pump buyer demand

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A freehold retail investment located at 20 Howard Avenue, Dee Why, which is generating a net income of $214,844 per annum is under offer following its February marketing.
Dee Why was undergoing a massive transformation and this has accelerated rapidly with the introduction of the Town Centre Master Plan, listing agent agent, Vincent West, of Raine &amp; Horne Commercial Northern Beaches said.
On offer was a fully-occupied 840 square metre GLA freehold retail investment.
“This property has plenty of development potential as a consequence of its location in the Dee Why town centre,” said Mr West.
“It’s also perfect for astute investors as it has 5 long-term tenants and comes with the potential for future capital growth.”
“This landmark building is within the growing retail and commercial precinct, which will continue to benefit from the Dee Why’s transformation, and its close proximity to high profile residential developments, beautiful beaches and public transport.”
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Dee Why's transformation is massive: Raine & Horne Commercial

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<div class="cq-article-content-paras section">
Retail landlords caught in the collapse of electronics retailer Dick Smith have been urged to approach the thriving Jaycar Electronics retail chain.
Jaycar boss, and former Dick Smith marketing director Gary Johnston has launched an ad campaign in The Australian Financial Review, encouraging landlords with leases to Dick Smith to ring for a "confidential no-obligation discussion" about their premises. 
He told the AFR he would be pleased to pick up half a dozen former Dick Smith premises. 
"We're already in negotiations with a number of landlords," he said.
"We're interested in the retail strips and good, free-standing sites, but not the shopping centres.
"The great bulk of our customers are men, who have a deep-seated dislike of shopping centres." 
About a fifth of the Dick Smith stores in Australia and New Zealand are in the malls of the country's two biggest mall landlords, Westfield owner Scentre Group and Vicinity Centres.
Jaycar more than 90 stores in Australia and New Zealand.
"I've been around long enough see the threat of the dotcom business, but I believe we are still a nation of shopkeepers and I still have faith in bricks and mortar retail," Mr Johnston said.
"We have a big website and our customers are tech savvy, but they love to come in and have a browse around."
Mr Johnston said the Jaycar business owned about half its retail premises.
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Jaycar seeks expansion into Dick Smith retail space

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Axieo Specialties has leased 556 square metres of office space at 16 Giffnock Avenue in Sydney's Macquarie Park.
The property was leased at $290 square metres net for a term of five years.
“Axieo were looking to upgrade their current premises at Seven Hills and <a href="https://www.realcommercial.com.au/property-offices-nsw-macquarie+park-501022175" target="_blank">16 Giffnock Avenue</a> ticked all the boxes.
The offices were refurbished and it was in a location which was easily accessible by public transport and major motorway connections,” said Tom Merrett of Savills Australia who brokered the deal on behalf of Stockland.
“There is a growing trend of businesses moving down the M2 to Macquarie Park to take advantage of improved public transport infrastructure.”
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Macquarie Park office site leased by Axieo through Savills

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The NSW government is selling eight properties in Sydney and major regional cities through Burgess Rawson auction on December 8.
All are on long leases of 5 plus 5 plus years with the tenant paying all outgoings.
The rental increase is a fixed 3%.
Net incomes range from $23,445 per annum to $335,760 per annum.
The properties are at Bathurst (Robin Hill), Cessnock, Deniliquin, Grafton, Mittagong (Welby), Penrith, Unanderra (Wollongong) and Tweed Heads.
Service NSW, and the remnants of the RTA are the typical tenants.
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