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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The collapse of the Ralan Group earlier this year has triggered the listing of a 11,470 square metre Gold Coast development site.
It was set to have been a twin-tower luxury development.
<a href="https://www.propertyobserver.com.au/https://www.knightfrank.com.au/properties/commercial/for-sale/108-ferny-avenue-surfers-paradise-qld-4217/5107491" target="_blank">Offers close November 28</a>.
The Budds Beach site had been earmarked for the Sapphire twin tower development of 71 and 33 storeys, totalling 1000 apartments plus retail.
The site is bordered by Norfolk, Pine, Oak and Ferny avenues close to Surfers Paradise.
It is being offered as an entire lot or as individual properties through Knight Frank under instructions from Deloitte appointed by the mortgagee.
The administrators have been investigating the legality of Ralan Group's use of released deposits from pre-sale contracts.
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j.ballantyne1990-6AQqhLzZaK

Ralan's Budds Beach Sapphire twin tower development site listed by mortgagee

<html><body><div class="storysegment3 segmentContentFull">
St Kilda’s former Greyhound Hotel razed site has been listed for November 22 auction.
CBRE has been appointed by failed developer Steller’s receiver KordaMentha.
Steller bought the 911sq m corner site at 1 Brighton Road for $7.5 million in 2017.
It has three street frontages with permit approval for a seven-level building with 34 apartments and three shops.
Set opposite St Kilda Town Hall, CBRE’s Mark Wizen told the Herald Sun he expected to attract offers “in excess of $5 million”.
The 163-year-old pub was demolished despite a bid for heritage protection.
Its Art Deco-style facade which was built over the original in the 1930s disqualified the venue from heritage listing.
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CBRE tips $2.5 million loss for Stellar's St Kilda Greyhound Hotel site offering

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A development site suitable for residential, industrial, and commercial development, has hit the market in Maryborough.
The land parcel is 27 hectares on Saltwater Creek Road.
It comes with a price of $3,375,000 (plus GST).
The site is being marketed by Ray White agent Andrew Burke.
Burke said Maryborough was becoming a sought-after area for developers.
He noted the opportunity followed a recent site sale of $1,700,000.
“Buyers are crying out for approved development sites across Queensland with the recent sale in Maryborough highlighting the region’s increasing popularity,” Burke said.
“The site is approved for a manufactured home park that includes 270 lots plus commercial and recreational areas.
"It’s zoned Emerging Community/Mixed-Use for residential, industrial and commercial and forms six existing titles on the site.
"There’s also the potential to increase the DA up to around 345 lots, subject to council approval.”
The median house price in the Maryborough is $241,250.
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wdavis-8cCN98p7xp

Maryborough development site hits the market for $3,375,000

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A development parcel with the potential for a school site in the northern NSW coastal village of Pottsville has hit the market. 
The property sitting at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMnRwCHtDSMM2WWxS6QOKXcl8elBm5QDFkEeRMk9HQbKY61FnTKC8+7uUXkYU97BYQJSzAdO2g4UgkJgCTRJXY6FgjPKcgMBrAIv0CpAJifgfpACTrULjxxafyMqKpoX8wC9+bIWTdlqe&amp;rh=ff0051e1124efff45e4cf971fe4d93d46fa60538" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 1747 Seabreeze Boulevard</a> is on a 6.27ha site, and is just 2.5km to Pottsville Village and beachfront.
It is designated ‘Potential School Site’ in the Tweed Shire Council DCP. 
The property is being marketed via expressions of interest by Ray White Special Projects Queensland Executive Directors Mark Creevey and Tony Williams.
<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/2019/9/23/Potts_2.jpg" alt="">
Creevey said Seabreeze Estate was at the picturesque seaside village of Pottsville, within the Tweed Local Government Area.
“Pottsville is just 35km south of the Queensland border and only 40km north of ever-popular Byron Bay,” Creevey said.
The expressions of interest campaign for the property closes October 9.
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Pottsville school site hits the market

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The largest vacant industrial block in the Southern Cross Industrial Estate in Ballina has been listed for sale.
The property at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLeIia6FoWINQH1URtvOAqHCyKtA8/jX0HWpn2KtcaACKM0VnlFB4qJbRdhHfF1iJIzFRCgSK1HOG+jDgGgnLya03K1dyrCrajnGofm3xUUX8o1AaTn/h+XWxw/2pj00xDI&amp;rh=ff005165936a616077e04fdf424d9b3462a8def0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">4/176-178 Southern Cross Drive</a> has a 5,851 sqm land holding.
The land parcel is being marketed by Ray White Commercial Gold Coast duo Jared Johnson and Lachlan Marshall.
“The site it is Zoned IN1 Industrial with a wide range of uses and would suit warehousing, distribution, manufacturing, storage and aviation," Johnson said. 
“It’s close to major arterial roads and transport infrastructure and is just four minutes to Ballina Town Centre and six minutes from the Pacific motorway entry and exit points.”
<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/2019/9/11/Outline_ballina6%201.jpg" alt="">
Marshall said the asset had potential with subdivision possible (STCA) and additional common property access to security controlled taxiway to airport runway (STCA)
“With the passenger terminal facilities at Ballina Byron Gateway Airport recently upgraded, Ballina is poised to cater for yet more future growth. 
It is scheduled for auction on October 3. 
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Southern Cross Industrial Estate's largest Ballina development site listed

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Caltex Australia has put 25 properties to market in the first tranche of a 50 property divestment strategy. 
The 25 service station/convenience store properties include 16 in New South Wales, seven in Victoria, one in WA, and one on the Gold Coast.
Caltex chief development officer, David Bridger, confirmed the strategic release of the first tranche of the sale of 50 freehold metropolitan sites was aimed at the apartment and mixed use market. 
The properties will be sold through CBRE and Stonebridge with purchasers having options to buy individual sites, sites in any combination or the offering as a whole. 
Locations include Surfers Paradise, Bondi, Mascot, Box Hill, and Perth.
CBRE Director Investments, Mark Wizel said the portfolio offered an opportunity for apartment, mixed use, retail, hotel and build-to-rent developers. 
"These sites are being offered at a time of strong ongoing demand for low to medium rise apartments which are now in short supply, due to the lack of development site opportunities within metro areas, particularly in Melbourne and Sydney," Wizel said. 
"The fact that the bulk of the sites are extremely well located to transport, schools and town centres make them ideal for apartments but for the same reasons they are also well suited to a range of other uses."
<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/2019/9/9/Caltex%20Brunswick%20East.jpg" alt="">
He said the offering had also come at a time when developers were looking to the suburbs for well-located low/medium rise opportunities. 
"Coincidentally those type of projects are ones which the banks are now much more amenable to providing funding for," Wizel said. 
He said market drivers such as the improving domestic residential clearance rate, low interest rates, and ongoing population growth would also be top of mind for prospective purchasers. 
<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/2019/9/9/Caltex%20Clayton-2.jpg" alt="">
Recent CBRE research revealed an almost 30% rise in Asian buyer’s total spending from $880 million in 2017/2018 to $1.135 billion over the 2018/2019 financial year in Melbourne alone with nearly 80% of investment sales since June 1/2019 involving Asia-based investors. 
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Caltex puts 25 development sites on the market

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A former CSIRO property in Highett is set to become one of Melbourne’s largest infill development sites following an anticipated sales campaign. 
Colliers International’s Trent Hobart, Peter Bremner, Hamish Burgess have been appointed on behalf of CSIRO along with transaction manager Urbis, to sell a 9.34 hectare site at 37 Graham Road in Highett.  
“Known as Park Village, this extraordinary development opportunity represents one of Melbourne’s largest and most flexible infill development sites that will capitalise on the Bayside area’s continued growth by delivering pre-eminent park-side residences,” Hobart said.  
“It is a unique and truly unrepeatable offering in a blue chip market, the market has been waiting a long time for this site to become available. It has been a four-year wait for the market’s biggest and best buyers to be given the opportunity to purchase this site. 
“This is the only 93,400 square metres residential development site in a premium south eastern bayside location so we expect all major developers locally, nationally and internationally to have an interest in this sale.” 
 <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/2019/5/7/Mark%20up%201.jpg" alt="">
Home to former CSIRO laboratories, the site will be sold with vacant possession and clear of all building improvements.  
“The site is prominently positioned between the Nepean Highway and Port Phillip Bay, nestled amongst some of Melbourne’s most exclusive suburbs such as Brighton, Hampton and Sandringham,” Bremner said. 
“Park Village at Highett is an increasingly rare large scale, predominantly townhouse opportunity, that is destined to become a world class urban village set in a prime park setting with the future residences surrounded by 4,000 sqm of parkland, situated next to a Highett Shopping including Woolworths and the Highett Train Station.”
The Park Village site is located immediately south of the recently completed full line Woolworths Shopping Centre, 100 metres from the Highett Train Station and positioned within the new generation café and retail strip of Highett Road.
As part of the sale process, the land will be re-zoned upon settlement to Residential Growth Zone and Development Plan Overlay - Schedule 2. Upon settlement, 4 hectares of the site area will be transferred to Bayside Council for public open space and conservation.  
The property is for sale via an International Tender campaign, closing Wednesday 19 June 2019.
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Former Highett CSIRO site to be one of Melbourne’s largest infill development sites

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Matrix Property has sold a development site in the Warnervale Town Centre. 
This subdivision site was bought by a Hong Kong developer who has appointed a local project manager.
The 5.6 hectare residential sub-division site along Hiawatha Road has planning for up to 85 lots and incorporates over 6,000 sqm of dedicated parkland. 
The property is part of the master-planned Warnervale Town Centre, one of the Central Coast's largest development and growth areas projecting 40,000 new residents over the next 20 years. 
It was sold under instruction from the mortgagee for $6.4 million. 
The site has 2 existing frontages via Hiawatha and Hakone Roads. 
“The EOI attracted over 80 enquiries and over 8 offers as it’s a vanilla subdivision site in a major land release area” Commented Godfrey Franz – Head of Central Coast/ Hunter for Matrix Property Group, a specialist Development Site Commercial Sales Agency. 
“Further the area is popular with first home buyers at lower prices hence the popularity of the offering to potential developer buyers producing housing product in the sub $700K price point” 
“Despite the anxious outlook for property we are not seeing it and given the success of this campaign we are seeing many confident and cashed up developers coming back into the market ” he concluded.
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Warnervale development site sold for $6.4 million

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A development site in the heart of the Redcliffe Peninsula has sold for $2.05M following a strong expressions of interest campaign at <a id="LPlnk88021" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGO7DMGnvuLN24WgKnl++U0/tpzw7tJTb+1xE4KjbPfKc=&amp;rh=ff00470b970cbdd99f26a9b6eb429b12c49c684e" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8-10 Duffield Road, Margate.</a>
The asset came with a 2,430 sqm land area and was a flat, cleared site, that stretched over three allotments.
The site was marketed and sold by Ray White Special Projects Queensland Directors Matthew Fritzsche and Andrew Burke.
Mr Fritzsche said the asset was sold on behalf of a syndicate and was purchased by a local private group.
<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/2019/2/14/Aerial_018.jpg" alt="">   “We had a strong level of enquiry throughout the campaign, and the fact the process ended with multiple offers, highlights just how good the opportunity was,” he said.
“The purchaser’s intention is to develop the site into an apartment project, taking advantage of the proximity to the ocean and sea views stretching to Moreton Island.”   Mr Burke said the location of the site was a real drawcard with potential buyers, with plenty of amenities on the doorstep.
<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/2019/2/14/Aerial_038.jpg" alt="">   “Being in the heart of the Redcliffe Peninsula means key facilities like schools, shops, medical, education and recreation are all in close proximity,” he said.   “To complement, you’ll only be 60* metres away from the Woolworths-anchored Margate Village shopping centre, and just 4km* to Kippa-Ring train station, offering a direct link to Brisbane CBD.”
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Margate development site sells for over $2 million

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Colliers International are selling a newly rezoned, mixed-use development site in Arncliffe, for around $12 million. 
The site located at 96-102 Princes Highway, Arncliffe has been converted from industrial to high-rise residential.
It sits directly opposite the Arncliffe train station, with DA lodged for 83 residential units and ground floor commercial retail. 
The property sits within the NSW Department of Planning &amp; Environment's Bayside West Priority Precinct which was included in the Precinct Proposal and Draft Development Controls.
As a result the property has been earmarked for rezoning to Zone B4 Mixed Use with an increased FSR of 2.5:1 and an increased building height limit of 31 metres. 
The site currently has an existing factory with car rentals leasing on a short-term lease; at $165,000+ GST short term rental income. 
“This is an ideal opportunity for developers to acquire a development site with a quality existing building creating short term rental income whilst waiting for a pending DA approval from council,” said Trent Gallagher, National Director, Industrial at Colliers International, who is handling the sale of the asset. 
“There is the opportunity to increase the scheme to circa 100+ apartments following the DA existing approval by way of incorporating affordable housing into the development.” 
Located on a corner block, the property holds views to the Sydney CBD, Botany Bay and broader district and is a 200m walk to the Arncliffe town centre and shops. 
Expressions of interest for 96-102 Princes Highway, Arncliffe closes April 4 2019.
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