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

Darlinghurst

<html><body>
The Manor Boutique Hotel premises in Sydney's Darlinghurst has been listed for sale.
The 18 room hotel on a 770 square metre <a href="https://www.realcommercial.com.au/property-land+development-nsw-darlinghurst-502409158" target="_blank">Flinders Street parce</a>l has the potential for a residential conversion and additional units, suggests Ray White Commercial agents Peter Kotzias and Loughlin Bataille.
The property is steeped in the early history of Sydney and dates back to the mid 1850s.
It last traded for $3.3 million in 2009.
There are four off-street car spaces and it is mixed use B4 Zoning. 
</body></html>

jonathanchancellor-7SQnKwU6yx

Darlinghurst's Manor House Hotel premises for sale

<html><body>
Fractional property investment platform BrickX have announced their first property of 2018, an apartment in Darlinghurst. It is now their 15th property in total.
BrickX paid $639,000 for the one bedroom unit on the tree-lined Royston Street. They are offering Bricks at $69.
It was advertised by Ray White Elizabeth Bay selling agents Ian Campbell and Nick Thompson as an attractive affordable first home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/4/brick2.jpg" alt="">
Last traded for $360,000 in 2011, the top floor apartment on level three is set in the corner of the Art Deco building.
There is a separate kitchen, bedroom and ensuite.
Last year in the block there were two sales of one bedroom units. One sold for $635,000, the other $656,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/4/brickx1.jpg" alt="">
BrickX are suggesting there is a strong net rental yield of 2.5%.
They say over 60% of Darlinghurst residents are renters.
CoreLogic figures show house prices in Darlinghurst have increased by 7% per annum over the past 20 years.
Tim Lawless, CoreLogic Head of Research and member of the BRICKX adviser panel, said the return is better than average.
“The past two decades has seen Darlinghurst unit values rise at the annual rate of 6.6% per annum which is higher than the Greater Sydney average.
“With solid labour market conditions low mortgage rates and overseas migration rates continuing to boom across New South Wales, inner fringe apartment markets where new supply is constrained are likely to continue outperforming the broader market.”
BrickX have just announced they have reached 10,000 members, with over $17 million transacted on the platform since its launch.
The first four properties since the launch have returned an annualised return of seven percent.
</body></html>

jrobinson-rf4aSBido9

BrickX buys its 15th fractional ownership property in Darlinghurst

<html><body>
Photographer Mark Morffew has moved inland to Darlinghurst, having sold his designer pad overlooking Bondi Beach late last year.
He's paid $1.65 million for a <a href="https://www.realestate.com.au/sold/property-apartment-nsw-darlinghurst-125957014" target="_blank">two bedroom apartment</a> in the BKH designed Republic II development.
The dual level apartment with striking two storey glass wall features a stainless steel galley kitchen and a balcony with city skyline views.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/24/morf1.jpg" alt="">
McGrath Edgecliff agent Fraser Turvey sold the apartment.
Morffew scored $4.5 million for his two bedroom Bondi Beach apartment which sold with interiors by Lawless &amp; Meyerson.
He paid $2.9 million for the 94 sqm Notts Avenue apartment.
 
</body></html>

firstname1-iYD4UYzvBa

Photographer Mark Morffew heads from Bondi to Darlinghurst

<html><body>
The Darlinghurst building that homes popular American-themed restaurant Surly's, has been sold for around $4.5 million.
The freehold retail investment at <a href="https://property.cbre.com.au/properties/182-campbell-street-darlinghurst-nsw-2010-2/" target="_blank">182 Campbell Street</a> brings in a net income of $224,081 per annum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/24/SURLYS2.jpg" alt="">
Surly's began a 10+10 year lease in January 2015.
The three storey building with Alexander &amp; Co designed internal fit out has dual frontages to Campbell Street and Taggarts Lane.
CBRE agents Michael Khouri, Gemma Isgro and Nicholas Heaton marketed the property, which has been sold without price disclosure. 
 
</body></html>

Darlinghurst building tenanted by Surly's sold

<html><body>
The freehold site of Darlinghurst’s Victoria Road institution, the Tropicana Caffe has been listed for sale.
It has been listed by the long-time owners Sergio Tezzo and George Semaan.
Tonci Farac, the former creator and owner of the Wildfire Restaurant in Circular Quay, and manager Duncan Thompson, have recently taken a 10-year lease on the site, with options extending to 2047.
LJ Hooker Commercial Sydney’s Steven Kruyer and James Griffiths <a href="https://sydney.ljhcommercial.com.au/retail-in-darlinghurst-nsw-2010-au-cu9hkr?search=%2fsearch%2fcommercial-property-for-sale-in-darlinghurst-nsw-2010-au%2fpage-1%3fsurrounding%3dtrue#.WffEABOCyfQ" target="_blank">have the listing</a> of the 284 square metre dining space, which comes with 110 square metres of storage and two secure car spaces.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/31/Trop2.jpg" alt="">
The lease generates more than $285,000 in annual rent. LJ Hooker Commercial will auction the Tropicana Caffe building on November 30. 
It has been on the foodie scene for almost four decades.
The new tenants have advised they did not intend to rebrand or dramatically reinvent the Tropicana.
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Freehold site of Darlinghurst's Tropicana Caffe for sale

<html><body>
Buyers always love a dump, so a dilapidated Darlinghurst terrace has seen potential buyers carefully streaming over its slightly perilous wooden floorboards over the past few weeks.
The home was listed with $1.75 million hopes through James Peach at Ray White TaylorJones for weekend auction.
Property Observer set up a video of the auction below.
<iframe src="https://www.youtube.com/embed/c0-daf8pCrc" frameborder="0" width="450" height="253"></iframe>
It sold at $1,885,000.
The four bedroom, one bathroom house located at <a href="https://www.realestate.com.au/sold/property-house-nsw-darlinghurst-126288502" target="_blank">141 Womerah Avenue</a> dates back to the 1890s.
It features an original floorplan spanning two levels on the 108 sq m block.
It last sold in 1955 when machinist Humbert Teuma paid £3,150.
The listing agent James Peach suggested that $500,000 plus would be needed to bring the terrace up to scratch. 
 
</body></html>

Auction of dilapidated Darlinghurst terrace: Video

<html><body>
A shop in Sydney’s inner suburb of Darlinghurst has been listed for auction on October 12 with price expectations of more than $3 million.
The 2 Neild Avenue shop has an internal area of 289 sqm, wide street frontage and floor to ceiling glass windows which could suit creative businesses looking for high exposure, according to listing agents Jordan Lee and James Cowan of Colliers International.
“This property is prominently located in East Darlinghurst adjoining Rushcutters Bay close to the new Volvo and BMW dealership and popular restaurants Popolo, Bar Machiavelli, &amp; Janus et Cie,” said Jordan Lee.
Cowan added that the property property would suit a variety of users, enabling an investor to set up a restaurant, office, gym, retail display or showroom.
</body></html>

Darlinghurst shop with good exposure up for auction with $3 million hopes

<html><body>
The Block contestants, Gavin Atkins and Warren Sonin, or 'Gav and Waz', have quietly bought back into Potts Point.
They have snapped up an $890,000 one bedroom apartment in the Zenith building that was on the market for just eight days.
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-potts+point-124922718" target="_blank">Their purchase</a> (above) is merely another investment as they remain living on the Sunshine Coast hinterland.
The duo call Cooroy Mountain home, having splashed $2.7 million late last year on Riverdale, a vast residence completed by a Zimbabwean builder on then four hectare estate.
Adjoining the lush rainforest, their hillside home has generous proportions with soaring raked ceilings, certainly not what you'd get in an inner city apartment.
BresicWhitney Darlinghurst agent James Peach sold them the 65 sqm Zenith apartment which comes with large outdoor terrace with views over the harbour and the city.
The 18th floor Darlinghurst Road apartment was marketed as having a weekly rental return of $640, nearly a four percent yield.
Its sale price was not quite double its prior sale when sold by the developers for $480,000 in 2006, after its conversion from the Hyatt Kingsgate Hotel.
The couple, who run their own successful interior designer company Designer Boys, left Sydney early this year, selling their two bedroom Altair, Potts Point apartment for $2.6 million.
"Moving north was the best decision we have ever made," Warren told me yesterday.
It was 2003 when the duo finished third in the first series of Chanel 9 renovation series, The Block when it was filmed in a four unit complex on Bondi's Roscoe Street.
Crazy John, the phone retailer, paid $670,000 after their makeover to the Bondi Beach apartment.
Before entering the competition, Sonin was a sales manager and Atkins worked as a public relations manager.
This article first appeared in the Sunday Telegraph.
</body></html>

The Block contestants Gav and Waz buy back into Potts Point

<html><body>
Hom Yoga founder Malvina Kang is selling the Darlinghurst home she shares with her artist husband, artist Rob Manning.
It has been listed for July 1 auction.
Kang, whose yoga studios are in Darlinghurst and Singapore, bought the Engelen Moore-designed home in 2015 for $1,565,000.
The two-storey home has been listed by BresicWhitney agent Maclay Longhurst with a $1.85 million guide.
</body></html>

Yoga guru Malvina Kang lists Darlinghurst home

<html><body>
An iconic craft beer pub in Sydney’s Darlinghurst has changed hands for an undisclosed sum.
The Local Taphouse is located at 122 Flinders Street and is a pioneer in the Sydney beer market.
The pub has been bought by brothers Josh and James Thorpe from craft beer aficionados Guy Greenstone and Steve Jeffares, according to hospitality news website The Shout. 
The Local Taphouse is the first pub purchase for the brothers, who have worked in a variety of venues all over Sydney, including Newtown Hotel, The Arthouse Hotel in the CBD, and Gilroys Hotel in north Sydney, said The Shout. 
The three-level hotel has a brand new 20-year lease, including options, along with $54,000 per week in weekly revenue.
It has won numerous awards from publications such as Time Out for its impressive craft beer selection, numbering more than 200.
The pub's elder sister is on Carlisle Street, St Kilda East.
Featuring several bar areas, kitchen and a rooftop terrace,  the property is also centrally located to Oxford Street, the CBD and the Sydney Sports Grounds.
Prior to the current sale, the pub sold for $2.55 million in 2010, RP Data shows.
The sale was negotiated by Ray White agents Blake Edwards and Xavier Plunkett. 
</body></html>

Darlinghurst

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Darlinghurst

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News