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

Development Site

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A raw development site in Sydney’s inner south-west has sold in Belmore.

The 685sqm site, which presents a residential development opportunity, was purchased by local residential developer Amira Property Investment.

Comprising a vacant residential dwelling, the site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/33_lucerne_street_belmore.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/33_lucerne_street_belmore.jpg?itok=YGax1tA9" width="580"></a>

Formerly owned by the Leigh family of Belmore, the site included a large rear garden and off-street parking for two to three cars.

Savills Australia’s Ollie Ridley and Nick Lower negotiated the deal who said the opportunity was highly sought after by residential developers looking to convert the site into a new townhouse or duplex development.

Capitalising on the growth of Belmore, many developments are rising up in the inner south-west suburb surrounded by residential housing.

Amira Property aims to develop the site into duplex homes.

<h2>Other new residential developments in Sydney’s inner south-west</h2>

Located less than 30 minutes by train to Central, Belmore is becoming an attractive location for developers and homebuyers alike due to its tight-knit community and the incoming Belmore metro station.

Other new developments in Belmore include Cornerstone and Aura, which are catering to the suburb’s substantial population growth.

Delivered by ALAND, Cornerstone is a five-level residential development on Canterbury Road in Belmore, offering 141 one, two, and three-bedroom residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg?itok=ObyotR6t" width="580"></a>

Apartments in the complex include recessed balconies, high ceilings and open-plan kitchens, as well as amenities such as ground-floor retail spaces and parkland.

Down the road in Canterbury, AURA is offering one-bedroom apartments from just $588,000. The homes include contemporary design, entertainers’ balconies and large courtyards.

Designed by Glyde Architects, AURA includes open district and city skyline views, designer stone kitchens and wood texture cabinetry throughout.

A security storage cage is available for all residents, making the home a smart decision for owner-occupiers and downsizers.
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The site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning

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Raw development site sells in Sydney's inner south-west

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A long-waited development site in the centre of Maryborough has hit the market via expressions of interest.    The substantial 6.8ha land area with dual street frontage is centrally located at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=WDlEeE43WHk4cDU3VXV3SEx6K1g3a0FGK28vMDZVUHBNTmdGelRVTnpGTkhrYzNZMlp2R3gzbm5MZW1BWXhEUmpqQlJQODk3NmE0RVBLQ1J6c2NxUThUM1BUZlV2S3lteXQ1d3ZYN0NZT3VJY2NZYklENWJuNVVmR09hR1hITmo3VVRBZDFMU0l6UCtON3VZenFBdVJmbGY2eE9aRlQxbHhuZ0Z3S0FEWjRlMmI1eVVGb1c3M1NONndFL3JqdVdq&amp;rh=ff006881b6ec913c13708079ee4bb2af5d5ee0de" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 183, Neptune Street</a>.
It benefits from being level with all essential infrastructure directly adjacent.   The property is being marketed by Ray White Special Projects Qld Directors Mark Creevey and Tony Williams, along with Ray White Maryborough Principal Guy Meredith. “The site is designated Community Facilities and Community Hub zone and the existing building is approved for a Community Care Facility,” Mr Creevey said.   “Land parcels of this size with any sort of approval already in place are highly sought-after throughout Queensland and we’re anticipating a lot of interest in this one.”   “A real gem of this site is the potential for alternate residential development (STCA) along with concept plans for major health-based mixed-use development,” Mr Williams said. The property is just 500m to Maryborough Hospital and is opposite PresCare Yaralla Aged Care Facility and is in close proximity to a vast array of facilities and amenities.”   “The parcel of land is minutes from the CBD in a well-regarded part of town and holds enormous potential for both mixed use and/or residential development (STCA),” Mr Meredith said. “Maryborough is just three hours north of Brisbane with a strong manufacturing hub and is the gateway to The Great Sandy Straits and Fraser Island.” 
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Maryborough development site hits the market 

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<div>A 492sqm site in South Melbourne has been sold to Fortis for $6.9 million.</div>
<div> </div>
<div>Construction on a new build on this site will commence late 2021, expected to be completed in early-2023.</div>
<div> </div>
<div>Offering 2,000 sqm NLA, the $9 million new build at 18-22 Thomson St will feature six levels of commercial office space, complemented by extensive parking facilities.</div>
<div> </div>
<div>The transaction was negotiated by Ben Appel of Appel Property in conjunction with Alby Tomassi of Tomassi &amp; Co.</div>
<div> </div>
<div>"Premium office space in South Melbourne is in great demand; we have already leased out 60% of Pallas House Melbourne, our other South Melbourne site, through off-market deals over the past four months,” says Charles Mellick, Director, Fortis.</div>
<div> </div>
<div>“Off the back of the success of Pallas House Melbourne, we are confident of similar demand for the space in Thomson Street which is only expected to increase with the completion of ANZAC station in the coming years.</div>
<div> </div>
<div>The Thomson St site is also a short walk away from the upcoming ANZAC metro station, Albert Park, Royal Botanical Gardens and South Melbourne Market.</div>
<div> </div>
<div>Pallas Group is the parent company of structured property investment arranger Pallas Capital and boutique developer Fortis.</div>
<div> </div>
<div>Other projects by Fortis in Melbourne include Ode in Toorak, a residential development in Brighton, Bower in South Yarra, Balmoral and East Grove in Glen Iris, 232 Wattletree in Malvern and Pallas House in South Melbourne.</div>
<div> </div>
<div>The expected end value of Fortis’ Melbourne projects currently under construction or under a planning proposal is $800m, with a further $900m pipeline of work in Sydney.</div>
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Fortis acquires South Melbourne development site for $6.9 million

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One of the last remaining development opportunities in Carnes Hill, with DA approval for 45 town houses, has been sold by Colliers International.
Eugene White and Frank Oliveri of Colliers sold the 10,519 sqm site, on the corner of Sarah Hollands Dr &amp;, Kurrajong Rd, in Sydney’s South West growth corridor for $8.5 million.
Spread over three superlots, it has development consent for the Torrens Title subdivision of 45 semi-detached town home lots and their construction.
Adjacent to the Carnes Hills Marketplace and Michael Clarke Recreation Centre, the area is an established community.
“This site had huge interest due to a lack of DA approved sites and general low supply in quality, established areas, with the price point very attractive to prospective buyers,” said Eugene White, Director, Development Sites at Colliers International.
Frank Oliver, Director In Charge at Sydney West and South West said, “This is a rare infill land holding in a completed residential development and one of the last remaining development sites within Carnes Hill.”
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Carnes Hill development site sells as opportunities dwindle

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Harry Tribugoff's Meriton Apartments Group has failed to secure approval for a high-rise at its Little Bay development site.
The controversial plan was to build 1900 high-rise apartments in around 20 buildings up to 17 stories.
The plans have been rejected by Randwick Council after the Randwick Local Planning Panel unanimously rejected the Meriton planning proposal.
There was opposition from Save Little Bay, which has more than 2075 followers on Facebook.
"This was a crushing defeat for Meriton," a spokesperson Antony Gould advised.
"Their proposal has been shredded to pieces by council, by the experts, by the community.
"They look like plans from the “old days”: out of touch, out of place, out of sync."
Save Little Bay anticipates Meriton will "refuse to hear the message" and seek to push their proposal through at State level.
Meriton bagged the 11 hectare waterside residential development site set in Sydney’s coastal eastern for $245 million in 2017.
The site had been marketed as “a dream site for developers; a massive 11 hectares of luxury, high end masterplan-approved land”. 
The site had approved masterplans for a combination of single-lot housing, town houses and luxury apartments. 
All remediation, site works, roads, park landscaping and infrastructure had been completed, including amenities such as water, electricity and gas.
Meriton edged out Chinese developer Country Garden for the site. 
Gould noted Meriton's gamble had not paid off.
"The light rail will not come here, the Malabar Metro is on a back shelf until other Metro projects are completed, the jail is unlikely to move anywhere,' Gould said.
"The ludicrous number of dwellings they are asking for has created a groundswell of resentment towards Meriton, not just in Little Bay but throughout Sydney through the various publications that have labelled this proposal obscene. 
"It’s over seven times the dwellings, people and traffic of the original masterplan," he noted.
 
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Harry Triguboff's Meriton fails to secure Little Bay high-rise approval

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A development site, in the Western Australian city of Mandurah, has been listed for sale.
Occupying 6,045 square metres, 310 Pinjarra Road is directly opposite the freshly-upgraded Mandurah Forum Shopping Centre.
It adjoins a BP service station on the city’s main arterial road.
It primarily occupies the corner of Pinjarra Road and Dower Street, with frontages of 45 metres and 70 metres respectively, but also features an additional 40 metre frontage on Parkview Street.
The title is currently subject to separate zonings, with 3,821square metres facing Pinjarra Road zoned Service Commercial, and a further 2,224 square metres on Parkview Street currently zoned Residential.
The City of Mandurah is considering a new Town Planning Scheme that would result in joint Commercial &amp; Residential Mixed-Use zoning, adding development options for the Parkview Street portion.
Mandurah, approximately 70 kilometres south of the Perth CBD, is Western Australia’s largest regional city, with its current population of 84,000 forecast to grow by 44% between now and 2036.
The development site is surrounded by additional amenities including parks, the Mandurah Aquatic and Recreation Centre and Mandurah Library.
CBRE’s Ben Younger and Jake Wallman have been appointed to manage the campaign, in conjunction with Peter Vetten from Raine &amp; Horne Mandurah, with offers due June 4.
“Development sites of this quality don’t come to market very often,” Mr Wallman said.
“We expect this opportunity to generate significant interest from developers attracted to the site’s outstanding location; Pinjarra Road generates huge exposure and the Mandurah Forum is directly next door.
“This is a unique site benefiting from three street frontages, while its zoning also allows for a broad range of development options.”
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Mandurah development site listed for sale

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A development site at 43-47 Simpson Street, Northcote, has sold after an Expressions of Interest campaign.
The 783 square metre site was listed by real estate agents Gray Johnson.
The property was sold for over $3.3 Million, according to Gray Johnson director Matt Hoath.
It was purchased by an established apartment developer who has specialised in the eastern and southern suburbs.
There are street frontages of 22.57 metres to Simpson Street and 34.65 metres to Robert Street.
The current permit from the City of Darebin allows a development of eighteen apartments, and three retail positions with space for a café (STPA) on the street frontage.
It is roughly seven kilometres from the CBD.
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Northcote development site sold for $3.3 million

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A freehold Shute Harbour waterfront site in Queensland's Whitsunday Islands has been snapped up for $2.65 million.
The development site at <a href="https://www.propertyobserver.com.au/https://raywhitewhitsunday.com.au/properties/sold-commercial/qld/shute-harbour-4802/other/2257179" target="_blank">3344 Shute Harbour Road</a> is on two titles totalling 8,199sqm.
The property was offered via an expressions of interest campaign and was sold by Andrew Burke of Ray White Special Projects Queensland, and Mark Beale, Principal of Ray White Whitsunday.
The asset received six offers during the campaign and they were from a mix of marine industry, land bankers and residential developers, Burke said.
“The vendor was a local businessman who previously had the site used as a hotel before Cyclone Debbie in 2017 destroyed the buildings, and with retirement on the horizon, they decided to sell.
“The buyer was from regional NSW but was familiar with the location as they frequently holiday nearby," Bruke said. 
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The Whitsundays offered a collection of beaches surrounded by waters decorated with coral gardens.
"Shute Harbour is commonly described as the natural harbour location south east of Airlie Beach. It contains a pocket of development isolated from the centre of Airlie Beach by a significant national park," ” Beale said.
Zoned mixed use, the site offers opportunities for residential, tourist accommodation, business, retail or service industry.
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Whitsunday waterfront site sells for $2.65 million

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A 5,546sqm development site in Flagstone, Queensland for $1,386,500 plus GST.
A local syndicate has purchased the property from PEET.
Located at Stage 7I, Commercial Circuit, Flagstone is a Peet Masterplan community bringing 12,000 homes and about 30,000 residents to Flagstone over the next 25 years. 
Flagstone will also include a city centre comprising of 126 hectares of retail and office floor space with the proposed passenger rail service running through the middle.
The deal was negotiated by Will Carman and James Stevenson of Savills Australia who said the buyer believed in Flagstone and the future growth of the suburb. 
“The zoning allowed for multiple code assessable uses, they are initially land banking the property and dealing with tenant requirements as they see fit,” said Mr Carman.
The Flagstone catchment has a project population growth rate of 4.1%pa which represents an average increase of 6,633 residents per year
The site is within walking distance to major retailers, including Coles, McDonalds, 7Eleven, IGA, SNAP fitness and Dominos and 35 metres to Commercial Circuit.
 
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Flagstone development site in Queensland sells for $1.4 million

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A development site in Botany with approval for 35 self contained accomodation rooms and four commercial shops has been listed for $5.5 million.
It's the site of the 1911 built Finnie's Buildings at <a href="https://www.realcommercial.com.au/for-sale/property-1094-1098-botany-road-botany-nsw-2019-502936794" target="_blank">1094-1098 Botany Road</a>.
The construction of Finnie's Buildings provides evidence of the retail infrastructure that was necessary to support the needs of the growing residential population by the turn of the 20th century.
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The retail space has been mixed over its near 110 year old history. It's been called home by the likes of a butchers, chemist, bank, sporting goods store and a hairdresser.
It is currently made up of three retail shops with an office and three apartments upstairs, netting in total $151,275 per annum.
There's development approval to convert the building in to 35 self-contained rooms designed by Giles Tribe Architects.
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The retail space will be expanding to four shops. There will parking for 13 cars and seven motorbikes, but no basement parking.
NG Farah agent Martin Farah is marketing the development site in conjunction with Century 21 agent Andrew Duignan. 
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