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 Sales

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The latest research from Parramatta Cityscope shows commercial property sales have dramatically increased in the past three months, the result of several large sales. 
Sales recorded in the quarter ending September 2015 in Parramatta totalled $492.4 million, an increase from the $85.1 million recorded in the three months to June 2015, and an increase from the $170.2 million recorded to March 2015. 
"This data brings the 12 month total to $940.3 million, an increase from the $772.2 million recorded the same time last year," Citiscope commercial research analyst Meredith Baume said.
Sales included 20 Charles Street, Parramatta, an eight-storey office building with retail areas on the ground floor and parking for 162 cars, which was bought for $31 million.
There was also 91 Phillip Street, Parramatta, a nine-storey building with ground floor showrooms, eight levels of offices and parking for 133 cars, which was sold for $30 million.
<a href="https://www.corelogic.com.au/products/cityscope" target="_blank">CoreLogic's Cityscope</a> covers 28 predominantly capital city CBD markets across Australia and New Zealand.
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jchancellor-FAypfDUnLy

Parramatta CBD commercial sales near $1 billion annually

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Share market volatility along with strong government support for one of the nation’s most rapidly growing industries is driving increasing demand for childcare centre investments, according to Savills Australia director, Julian Heatherich.
He noted recent deals - sold off-market, off-the-plan, prior to auction and at hotly contested auctions - with yields in Melbourne falling as low as 3.89%.
One China based investor paid $2.3 million on a 5.1% yield for a centre at <a href="https://www.realcommercial.com.au/property-retail-vic-rowville-501701601" target="_blank">2 Bernard Hamilton Way, Rowville</a> in Melbourne’s outer east, sold within six days of the campaign start. 
The purpose built centre sold subject to a ten year lease at $118,110 per annum net with 100% occupancy and an extensive waiting list. 
At an earlier auction a Melbourne based private investor outbid five other potential purchasers for a Thornbury childcare centre with a final bid of $1.83 million on what is believed to be a record low 3.89% yield.
Savills agents Tim McIntosh, said the marketing campaign for the 200 Smith Street property attracted more than 100 enquiries, 20 inspections, then 15 requests for the contract.
The tenant on a 10 year lease was the national operator Guardian Early Learning Group which owns or manages up to 90 centres.
In other sales an emerging childcare investment trust paid $4.35 million, in an off-market deal, for a former Hungry Jacks outlet at Coburg, with plans for a childcare centre conversion.
A local private investor paid $3.25 million for an off-the-plan childcare centre in Vantage Avenue, Clyde North, subject to a pre-lease to childcare centre operator Eclipse Early Education Group on a 10-year term.
Mr Heatherich said the average initial yield of childcare centres in metropolitan Melbourne in 2014 had been around 6.75% and that yields this year had, until recently been in the 6 to 7% range. 
"Small investors have traditionally been buyers of retail strip and residential assets and more recently that list has extended to childcare properties and there are a number of reasons for that including the negative performance of share market investments."
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Investors take to Melbourne childcare: Savills

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The Caltex branded service station and truck stop at Bomaderry on the NSW south coast sold at recent Burgess Rawson auction at $3,925,000.
Its lease runs to March 2018 plus options to 2028.
There was a recent major rebuild and environmental upgrade with new tanks and pipework.
It is a large 4,047 sqm landholding with wide frontage at <a href="https://www.realcommercial.com.au/property-retail-nsw-bomaderry-501621521" target="_blank">246 Princes Highway, Bomaderry</a>, just north of Nowra with high profile exposure to large volumes of traffic.
The Shoalhaven region has been benefiting substantially from government funded highway upgrades, Burgess Rawson listing agent Simon Staddon said.
There are annual CPI reviews with its current net income at $106,178 pa + GST.
Regional service stations sold in NSW over the past year have included $950,000 at Dubbo with an $80,000 net income and $4.26 million at Rutherford with $293,000 net income.
Burgess Rawson agent Simon Staddon also sold the Albion Park service station, closer to Sydney on the Princes Highway, for $2,001,000 in 2013 with a then $160,000 net income.
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Bomaderry service station sold through Burgess Rawson

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A Melbourne developer has paid $18.18 million for a 1,722sqm property on Whitehorse Road, Box Hill with the intention of building an apartment block.
The site, <a href="https://www.realcommercial.com.au/property-land+development-vic-box+hill-501678429" target="_blank">820 Whitehorse Road</a> was sold at a land value price of $10,558sqm, above the previous price benchmark of around $8200sqm set a few weeks ago.
Savills Australia director, Nick Peden, who brokered the deal with Jesse Radisich and Clinton Baxter, said they received more than 150 enquiries and received 17 individual Expressions of Interest from a range of local and off-shore developers.
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mick.cee-iDmgDDAmu8

Apartments slated for $18m Box Hill site

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Suburban strata retail shops in secondary locations are losing customers to ground floor retail outlets in high density residential developments, according to Herron Todd White.
Herron Todd White's September Month in Review said these ground floor outlets, mandatory by some council planning controls, has been a concern for some time around areas such as Waterloo, Alexandria and Wolli Creek and is likely to remain as residential development continues to boom.
Retail outlets in western Sydney suburbs Kellyville and Clempton Park are making waves outside the CBD.
"The Ponds in Kellyville opened earlier this year and includes a Woolworths and specialty shops. The centre is 7,000 square metres and caters to the new residential developments in the area. Clemton Park is set to open next year and will be anchored by Coles. These areas are strong residential locations with a need for retail space," the report noted.
"CBD and prime retail locations are going strong with several recent transactions at sub 5% yields.
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"The anticipation of changes to the CBD such as the light rail and George Street closure have investors looking to the CBD for returns and capital growth. Attention is now focused on the CBD and what opportunities exist for new retail development and capitalising on existing properties."
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Suburban strata retail outlets losing ground: Herron Todd White

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GUEST OBSERVER
Despite strong price increases for commercial property in this cycle, Australian assets are still provoking significant investor interest — especially prime real estate generating stable income streams for the medium to long-term. 
Yields for commercial property remain attractive compared with investments in Australian residential real estate, offshore commercial property and other asset classes. 
With investor interest predicted to remain strong through the balance of 2015, prices are set to rise even higher. As a result, yields are on track to hit and surpass previous peaks, riding a fresh wave of purchases, particularly by international investors. 
Commercial property transactions are forecast to jump to around $10 billion in the second half of 2015, rounding out the calendar year with a total of close to $20 billion.
<a href="/images/2015/09/24/Screen%20Shot%202015-09-24%20at%2010.02.53%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/24/Screen%20Shot%202015-09-24%20at%2010.02.53%20AM.png" alt=""> 
While this is lower than the $30 billion turnover in 2014, it is still well above long-term average annual turnover, and indicates continued growth across all sectors. 
That growth looks set to be supported by a continuation of low interest rates and affordable debt. 
Given these conditions, the volume and number of transactions is likely to span a wide range of prices, asset quality, sectors and markets, opening up new opportunities for investment at many levels of the property industry. 
At this late stage of the current cycle, it would be advisable for investors to adopt a medium-term view. However, it is not too late to invest in commercial property in the short term and see prices rise. 
Another strategy that may be used at this point in the cycle is to redevelop or re-position a property with unrealised potential — although the outcome will depend on the attractiveness of the location and occupational demand.
<a href="/images/2015/09/24/Screen%20Shot%202015-09-24%20at%209.26.02%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/24/Screen%20Shot%202015-09-24%20at%209.26.02%20AM.png" alt="">
 Kevin Stanley is head of property strategy and research, Corporate Financial Services, <a href="https://www.commbank.com.au" target="_blank">Commonwealth Bank</a>.
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Prime real estate generating stable income: CBA's Kevin Stanley

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A substantial block of vacant land within the Coolum Beach industrial estate on the Sunshine Coast has been sold at auction by Ray White Commercial Noosa &amp; Sunshine Coast North. 
The 2,010 sqm site at <a href="https://www.realcommercial.com.au/property-land+development-qld-coolum+beach-501541195" target="_blank">72-74 Link Crescent, Coolum Beach</a>, was sold to a local businessman for $296,000.
Ray White Commercial Noosa and Sunshine Coast agent Tracey Ryan secured the price on behalf of a deceased estate.
Ms Ryan said there were 10 registered bidders at the auction following strong interest in the marketing campaign for the block, which was fully fenced and included hardstand.
“All bidders were local including several who already owned sites in the estate,” she said.
"Bidding came down to a battle between two buyers bidding in $1,000 increments before the property was sold under the hammer for $296,000.”
Ms Ryan said the Coolum Industrial Estate is a rapidly expanding precinct comprising 147 lots, including small to medium core industrial sites plus the new state government large format blocks.
“The estate is conveniently located within easy access to the Sunshine Motorway and David Low Way via Yandina-Coolum Road and is located approximately 15 minutes from the Sunshine Coast Airport.”
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j.ballantyne1990-6AQqhLzZaK

Coolum Beach block sold at auction‏

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Commercial property sales in Chatswood, north of Sydney's CBD, have risen over the past three months with 30 sales recorded for the most recent quarter for a total value of $75.4 million, according to CoreLogic RP Data.
CoreLogic RP Data's latest Cityscope recorded 23 sales to June 2015 for a total value of $39.4 million bringing the 12-month total to $358.3 million, down from the $610.3 million sold over the same time last year.
<a href="/images/2015/09/18/Pulse-CHSalesGrid-580x414.gif" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/18/Pulse-CHSalesGrid-580x414.gif" alt="">
 
Recent standout sales in Chatswood include:
<ul>
<li>425 Victoria Avenue, Chatswood, a two storey brick commercial building with a net lettable area of 793 sqm was bought at auction for $25 million</li>
<li>407 Pacific Highway, Artarmon, a four storey building and a five storey building with 2 basement levels of car parking, net lettable area is 6,083 sqm was bought for $16.1 million. The sale represented an initial yield of 8.5% on a passing income of $1.36 million (net) including incentives</li>
<li>66-76 Dickson Avenue, Artarmon, a three storey office building with a three-level car parking, building area is 5,025 sqm was bought for $7.65 million.</li>
</ul>
Properties for sale in Chatswood in September 2015 include:
<ul>
<li>Zenith Centre Tower A and Zenith Centre Tower B, at 821 Pacific Highway, Chatswood, a twin A-grade complex with 43,400 sqm of office space and 900 sqm of retail space, it also includes a 250 seat community theatre for sale by international expressions of interest through Savills and CBRE</li>
<li>Lot 4, 7 Railway Street, Chatswood, a 164 sqm commercial suite on level one, lot 5, 7 Railway Street, Chatswood, a 170 sqm commercial suite on level two, lot 16, 7 Railway Street, Chatswood, a 173 sqm commercial suite on level 2 and lot 59, 7 Railway Street, Chatswood, a 13 sqm car space on basement level one in Era Apartment for sale in one line through Colliers International</li>
<li>18-26 Dickson Avenue, Artarmon, a three storey office building with container access and a high-clearance warehouse with building area of 2,362 sqm for sale through CBRE North Sydney.</li>
</ul>
<a href="/images/2015/09/18/Pulse-CHSalesChart.gif" target="_blank">Click to enlarge</a>
<img src="/images/2015/09/18/Pulse-CHSalesChart.gif" alt="">
Significant leasing opportunities in Chatswood in September 2015 include:
<ul>
<li>Solitaire at 12 Help Street, Chatswood has office space ranging from 250 sqm to 4,000 sqm for lease through JLL North Sydney and Cadigal Office Leasing North Sydney</li>
<li>475 Victoria Avenue, Chatswood has office space ranging from 400 sqm to 9,000 sqm for lease through Cadigal Office Leasing and Colliers International North Sydney</li>
<li>33 Herbert Street, St Leonards has office space ranging from 300 sqm to 1,999 sqm for lease through Knight Frank North Sydney</li>
<li>7-9 George Place, Artarmon has office/warehouse space of 1,092 sqm for lease through Sutton Anderson.</li>
</ul>
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Chatswood commercial sales top $75 million in quarter: CoreLogic RP Data

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AMP Capital has bought back the corner building it developed in 1931 to house its Melbourne operations.
The <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-501595553" target="_blank">425 Collins Street</a> building was acquired for $39 million from the Indonesian-based Halim family.
The sale reflects a passing yield of 5.07% and a building rate of $7,250 per square metre. 
Negotiations for the 10-level office and retail building were handled by CBRE’s Kiran Pillai, Mark Wizel and Josh Rutman.
The property has been acquired by AMP’s Wholesale Australian Property Fund, which recently exchanged on the Stud Park Shopping centre in Rowville for $154 million.
The 425 Collins Street campaign had generated interest from Chinese and Singaporean hoteliers looking at a future conversion of the asset.
“Over $3 billion worth of office, retail and residential development is either planned or underway in Melbourne’s mid-town and Cbus’s proposed $1 billion redevelopment of 447 Collins Street is directly opposite", said Josh Rutman.
Designed by Bates, Smart and McCutcheon, the heritage-listed 425 Collins Street has a lettable area of 5,350 square metre.
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AMP Capital buys back heritage-listed Collins Street address

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An educator has paid $13 million for a Collingwood office building inside the Foy &amp; Gibson complex at 150 Oxford Street.
The four level property totals <a href="https://www.realcommercial.com.au/property-land+development-vic-collingwood-501652433" target="_blank">3336 square metres of office space </a>over two levels with a lower level warehouse and 86 car spaces over the remaining two levels.
Savills agent Clinton Baxter, who brokered the deal with Colliers’ Peter Bremner and Ted Dwyer said significant interest had come from developers desperately seeking residential development opportunities in Collingwood given the demand for inner-city apartments.
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