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

<html><body>
A site with preliminary approval for residential development in the Scenic Rim regional hub of Beaudesert, south-west of Brisbane, has sold for $5.5 million by Ray White.
The 81.25 ha site at Kerry Road, Beaudesert, was sold to developer Beaudesert Oasis Pty Ltd by Ray White Special Project Qld’s Mark Creevey and Tony Williams.
Creevey said there was strong interest (58 enquiries) in the Beaudesert site, which is nearly an hour’s drive from Brisbane and the Gold Coast.
The property has preliminary approval for a material change of use and reconfiguration for lots for residential purposes, said Williams.
“This site is within the urban footprint of the South East Queensland Regional Plan and the Emerging Communities in Beaudesert Planning Scheme,” he said.
Beaudesert is the administration centre for the Scenic Rim Regional Council and one of the fastest growing areas in South East Queensland, added Williams.
</body></html>

jonathanchancellor-7SQnKwU6yx

Development site in Queensland’s Beaudesert sells for $5.5 million

<html><body>
A prime development site at Macquarie Park has been listed for sale by Property NSW.
It has the potential to deliver up to 8,000 public and private sector jobs in the area.
The 32,000 square metre property at <a href="https://www.ryde.nsw.gov.au/haveyoursay/Have-your-Say/Planning-Proposal-45-61-Waterloo-Road-Macquarie-Park" target="_blank">45-61 Waterloo Road</a>, is zoned B3 Commercial core and will be sold with a NSW government lease pre-commitment.
The site has development potential for approximately 117,000 square metres of gross floor area, subject to council approval.
The sale and leaseback will result in the delivery of 25,000 square metres of new office accommodation for the NSW government, which equates to around 2,000 jobs.
CEO of Property NSW, Brett Newman, said the property should attract strong interest given its proximity to major transport links and the strength of Macquarie Park’s office market.
“By selling this vacant, underutilised site the government can facilitate significant economic growth through the provision of more than 8,000 public and private sector jobs in the precinct," Newman said.
“Macquarie Park is already an economic and commercial powerhouse, and that reputation will be enhanced in the coming years as thousands of new jobs complement new housing and improved transport links in the precinct."
The commercial development site will be positioned around a large landscaped park after the NSW government lodged a planning proposal earlier this year to facilitate development of a 7,000 square metre park on the site, delivering more green space for the community.
Once the planning proposal is gazetted for the park, the government will lodge a development application to subdivide the site, with the City of Ryde Council to acquire and landscape the park using the government’s previously announced $6 million grant.
Expressions of interest will close on 14 December 2016, with development expected to be completed by mid-2019.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Development site sale to deliver jobs boost for Macquarie Park

<html><body>
A residential development site suited to a townhouse development at Riddells Creek has been sold.
Gray Johnson agent Rory White says that the campaign for 138 Main Road attracted over 40 enquiries for the property with a sale negotiated with a local builder-developer at $190 a square metre for the site of 2,206 sqm, or $420,000.
“The property with a frontage of 31 metres to Main Road holds a General Residential Zone 1 rating under the local planning scheme.
“It was offered along with a conceptual development plan for a potential townhouse development prepared by V-Arc Architects subject to planning approval.
“The purchaser is a local developer who has recently completed several townhouse developments in the local area” Mr White says.
Riddells Creek, 50 kms north-west of the City in the foothills of the Macedon Ranges, is a regional growth area with semi-rural charm and a growing local population.
 
</body></html>

Riddells Creek townhouse development site sold for $190 a sqm after strong interest

<html><body>
A Chinese development company has snapped up a Clayton South mixed-use site for $10,980,000.
CBRE negotiated the sale of 1380-1388 Centre Road on behalf of Elco Foods.
The 6,378sqm site is an industrial building utilised by the food importer.
The sale price represents a land rate of $1,722 per sqm – a strong result linked to growing demand for strategically located landholdings capable of townhouse or mixed-use development.
There were nine offers at the conclusion of the campaign, five of which were from Asian parties.
CBRE noted larger scale townhouse development opportunities are extremely popular in the market at present, driven by the big four banks’ willingness to provide funding for this sector and the rapid growth in median house prices in the middle and outer suburbs placing affordability pressures on free standing dwellings.
Cedar Woods is completing a significant townhouse development called Jackson Green in Clayton South.
Abacus Property Group has recently sold a major landholding on Browns Road for $51.5 million to a Chinese buyer.
Director of Elco Foods, Emmanuel Kotis had a valuation in May 2015 at $4.9 million.
</body></html>

Chinese developer secures Clayton South townhouse site

<html><body>
A Chinese developer has trumped local competition in buying a development site with a permit for luxury apartments in Melbourne’s Blackburn for $3.9 million, in a deal brokered by Savills.
The sale of the 22 Blackburn Road property set a new price benchmark for area, with the site transacting for a record unit rate of $156,000 per unit, according to selling agents Jesse Radisich and Nick Peden of Savills. 
Radisich said the 1,486 square metre, Commercial 1 zoned site drew enquiries from both local and off-shore developers. 
“This site was offered to the market at a time when boutique projects which comprise larger apartments are incredibly highly sought after,” said Radisich.
“The price also reflects the abundance of existing local amenity including prime retail, schools, parks, and public transport as well as close proximity to Box Hill and the CBD.’’ 
Peden said the permitted project would include 20 two-bedroom apartments and ground-level retail.
The vendor was a Melbourne-based investor.
</body></html>

prateek24-ezbwHMbNAk

Chinese developer bags apartment project site in Melbourne's Blackburn for $3.9 million

<html><body>
A prime three hectare Townsville CBD waterfront development site is being offered for sale again. 
It is being marketed again on behalf of receivers Ferrier Hodgson. 
The Saltwater, Airlie Beach site is adjacent to The Ville Resort Casino having been one part of the extensive portfolio amassed by former Gold Coast developers Resort Corp. 
There are views across the Coral Sea to Magnetic Island from the site at 48 Sir Leslie Theiss Drive.
The site consists of five community title lots, totalling 29,638sqm of land area with 440 metre of water frontage.
The site has a preliminary approval for a mixed residential development that allows for up to an estimated 61,000sqm of Gross Floor Area (GFA) across the site offered to market through Colliers International.
In 2011 the Resort Corp receivers marketed the troubled company's last major asset which was consolidated at a $49.5 million cost in 2007 when bought from Consolidated Properties.
The original project was earmarked to develop 570 apartments.
In 2007, Resort Corp boasted a development portfolio on the northern NSW and Queensland coasts totalling $1.35 billion.
Linked to Paul Brinsmead and Peter Madrers, the group was placed in voluntary administration in March 2009, declaring debts of more than $300 million.
The site also failed to sell after an expressions-of-interest campaign in 2010.
</body></html>

jchancellor-FAypfDUnLy

Townsville development site listed again

<html><body>
A site in Sydney’s Waterloo with council approval for mixed-use development has sold for an undisclosed sum.
The site at <a href="https://www.realcommercial.com.au/property-land+development-nsw-waterloo-502056066" target="_blank">857-865 South Dowling Street, Waterloo</a> spans 588.5 sqm and has approved development application for demolition of the existing structure and construction of a seven-storey building.
The development will comprise 18 apartments and two retail spaces along with with two levels of basement parking. The sleek design features aluminium cladding, brickwork, render and paint, glass balustrades and decorative metal screens, with a wide awning to South Dowling Street.
The apartments being planned will have one or two-bedrooms ranging in size from 50 sqm to 88.6 sqm. There will be a three-bed penthouse too.  
The site comes with approval for a maximum of 21 off-street car parking spaces over two levels. 
It is currently occupied by an Art Deco brick two-storey retail terrace with upper level residential.
The site is close to the new light rail line, due for completion in 2018, in addition to shops and entertainment venues.
</body></html>

Site with approval for apartments in Sydney's Waterloo sold

<html><body>
A development site spanning nearly 80,000 sqm in the Hunter Valley region of New South Wales has been sold by Ray White Commercial for $5,225,000.
The property at 6 Wine Country Drive and 16 Dover Street, Nulkaba, near Cessnock has development approval for 178 individual retirement villas, a community centre and recreation areas but the new owner has other plans for the property, which selling agents Kristian Morris and Scott Timbrell didn’t disclose.
The site was sold on behalf of Sydney-based property developer Neil Wallace.
“I am delighted that it’s going to be an exciting development for the Cessnock LGA and I am looking forward to seeing it developed,” he said.
Timbrell said the newly built Hunter Expressway has significantly reduced travel time between Cessnock and Newcastle.
“The Nulkaba property benefits from both an established residential catchment area… It is also close to aged care communities, golf courses, wineries, restaurants as well as hospitals,” said Timbrell.
</body></html>

Development site in NSW's Hunter Valley sells for $5,225,000

<html><body>
The NSW Government has listed a prime piece of freehold land on Sydney's harbourside at Walsh Bay.
Located at <a href="https://www.realcommercial.com.au/property-land+development-nsw-walsh+bay-502065494" target="_blank">14 Hickson Road</a>, the vacant 718 sqm parcel has two street frontages and is prime for a premium boutique mixed-use retail/residential development. 
Marketed by Savills agents Stuart Cox, Robert Lowe and Neil Cooke, the agents see the land as a unique opportunity to acquire a rare, freehold parcel of level land with excellent development upside.
“Surrounded by some of Sydney’s most expensive real estate, 14 Hickson Road is located within one of Sydney’s most prestigious locations," Stuart said.
"Moreover, as Sydney’s prime residential market continues to remain buoyant, coupled with the lack of ultra-prime sites for luxury residences, we expect strong competition for this site, both local and international."
Any development will need to adhere to existing planning controls within the Sydney Regional Environmental Plan No.16, including consideration of the heritage significance of the precinct.
Kann Finch, the highly regarded international architectural firm has prepared a design for a single mixed-use development of 8 levels, comprising 19 lavish apartments above a small ground floor retail area space of circa 192 sqm.
The retail space benefits from two additional 70sq m terrace areas located on levels 2 and 3 providing panoramic northerly views out over Sydney Harbour.
In the neighbouring Millers Point, RP Data recorded 48 sales in excess of $2 million in 2015.
Buyers who had purchased apartments within Barangaroo have reported price increases of circa 24% for a one-bed and 35% for a two-bed since 2013.
The expressions of interest for the campaign will close on September 7.
</body></html>

NSW Government offers rare freehold Sydney harbourside parcel of land

<html><body>
A corner development site of nearly half an acre in Box Hill’s Major Development Precinct will fetch more than $20 million, according to marketing agents Savills.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-box+hill-502057214" target="_blank">843 Whitehorse Road</a> property comprises a 1972 sqm land area, positioned adjacent to Box Hill Institute and close to Box Hill Hospital. 
It is soon to be rezoned to Commercial Zone 1, and will be sold subject to that rezoning process, according to Savills marketing agents Clinton Baxter, Nick Peden, and Jesse Radisich.
"This zoning within the Major Development Precinct provides the potential for a landmark redevelopment - based on the development height precedent of 36 levels in the immediate vicinity - with CBD views," Clinton said.
"Like the majority of other development sites in Box Hill it will also benefit from the best level of suburban amenity, including shopping, transport, education and lifestyle features, available  anywhere in Melbourne, and within comfortable commuting distance of the CBD."
“This is one of the very best sites, in one of the best locations for residential development anywhere in Australia.”
Savills sold the neighbouring 820 Whitehorse road late last year for $18.18 million, which set a new metropolitan development site record.
They also sold <a href="https://www.realcommercial.com.au/property-land+development-vic-box+hill-501972186" target="_blank">826-830 Whitehorse Road</a> for $30.8 million last month, on behalf of both Scope and Navy Health.
Box Hill has risen to national prominence as one of Australia’s leading apartment development destinations.
The property is for sale via expressions of interest closing August 31.
 
</body></html>

Development Site

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Development Site

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News