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

Double Bay

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Kiwi actor Sam Neill has listed his long-held charming Double Bay house for April 15 online auction.
There's $3.5 million to $4 million hopes with its <a href="https://www.domain.com.au/12-pearce-street-double-bay-nsw-2028-2016165522" target="_blank">online marketing</a> advising “vendor wants fast sale.”
The Federation bungalow was bought in 1996 for $839,000, a couple of years after he starred in the first of the Jurassic Park movies.
The sale follows Neill’s split with Noriko Watanabe a few years ago.
Since 1993 Neill has had Two Paddocks, a winery just outside of Queenstown in the Central Otago region.
Nearly two decades ago he started planting two hectares of pinot noir on a small vineyard in Gibbston.
Neill had been filming the third Jurassic World movie, Jurassic Dominion, which will see a return of his iconic character, Dr Alan Grant.
It was set to be released in 2021, but the halting of production may potentially push the release.
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Actor Sam Neill lists his long time Double Bay home

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The Double Bay home of OVATO publishing chief operating officer James Hannan and his wife Laura has been sold for around $4.4 million.
The four-bedroom residence with off-street parking at <a href="https://www.realestate.com.au/property-house-nsw-double+bay-133139670">18 Epping Road </a>had been scheduled for a March 31 auction.
There was a $4 million guide.
Some 130 potential buyers inspect the home across its three Saturday open for inspections.
Realestate.com.au calculates Double Bay has 31 properties for sale.
 
Median property prices over the last year range from $4,100,000 for houses.
Based on five years of sales, Double Bay has seen a compound growth rate of 9.5 percent for houses.
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OVATO boss James Hannan sells in Double Bay

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Little River Band singer-songwriter veteran Glenn Shorrock has sold his Double Bay apartment for $8.5 million.
He lived there with his wife Jo for close to 20 years. The sale comes two months after Shorrock announced the shock split from his wife of 35 years.
The couple paid $3.4 million when downsizing from Birchgrove some two decades ago. He had moved to Sydney in the 1980s having lived in a Federation house in Melbourne.
It was the stairs that played havoc with his knees which prompted the move to the garden apartment in Double Bay.
<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/2019/12/20/shorrock%201.jpg" alt="">
The apartment occupies the whole northern half of the ground floor of Gladswood House, the landmark 1850s-era Double Bay gothic mansion that was converted in to seven luxury apartments in the late 1990s.
It spans 280 square metres internally and there's 165 square metres of terraces that face the harbour, space for their nine year old Schnauzer Bella. Glenn enjoys watching the ships go by from the terrace.
Some of the apartment sits in the heritage section of the home, complete with four metre ceilings, and some sits in the modern extension.
Past the entry foyer with grand fireplace sits three bedrooms, three bathrooms and a library.
<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/2019/12/20/shorrock%202.jpg" alt="">
The living spaces all open up to the waterside gardens.
Glenn plays the baby grand piano in the living room, the same piano he wrote Cool Change.
Ballard Property Group agents Clint Ballard and Paul Ephron had an $8.5 million guide guide.
The last sale in the building came in 2016 when Rob Rankin, the former boss of the Packer casino empire, sold his three bed apartment that shared the ground floor for $4.75 million.
He had been asking $4.95 million, having paid $2.15 million in 1998, shortly after the conversion.
Shorrock, born in Kent in England, was also a founding member of rock bands The Twilights and Axiom, as well as the Little River Band spin-off trio Birtles Shorrock Goble.
He recently remade the 1977 Little River Band hit Help Is On Its Way which this time features Wendy Matthews, The McClymonts, Beccy Cole, Jasmine Rae, Travis Collins, Busby Marou and Fanny Lumsden.
The local paper reported Shorrock looked at but was not among the 16 registered bidders when a Point Piper apartment sold for $3.6 million at weekend auction at 10/78 Wolseley Road.
This article first appeared in The Daily Telegraph. 
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Cool change as rock legend Glenn Shorrock sells longtime Double Bay home 

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Little River Band singer-songwriter veteran Glenn Shorrock and wife Jo are selling their longtime Double Bay home.
The couple paid $3.4 million when downsizing from Birchgrove some two decades ago. He had moved to Sydney in the 1980s having lived in a Federation house in Melbourne.
It was the stairs that played havoc with his knees which prompted the move to the garden apartment in Double Bay.
<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/2019/12/20/shorrock%201.jpg" alt="">
The apartment occupies the whole northern half of the ground floor of Gladswood House, the landmark 1850s-era Double Bay gothic mansion that was converted in to seven luxury apartments in the late 1990s.
It spans 280 square metres internally and there's 165 square metres of terraces that face the harbour, space for their nine year old Schnauzer Bella. Glenn enjoys watching the ships go by from the terrace.
Some of the apartment sits in the heritage section of the home, complete with four metre ceilings, and some sits in the modern extension.
Past the entry foyer with grand fireplace sits three bedrooms, three bathrooms and a library.
<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/2019/12/20/shorrock%202.jpg" alt="">
The living spaces all open up to the waterside gardens.
Glenn plays the baby grand piano in the living room, the same piano he wrote Cool Change.
Ballard Property Group agents Clint Ballard and Paul Ephron have an $8.5 million guide guide.
The last sale in the building came in 2016 when Rob Rankin, the former boss of the Packer casino empire, sold his three bed apartment that shared the ground floor for $4.75 million.
He had been asking $4.95 million, having paid $2.15 million in 1998, shortly after the conversion.
Shorrock, born in Kent in England, was also a founding member of rock bands The Twilights and Axiom, as well as the Little River Band spin-off trio Birtles Shorrock Goble.
He recently remade the 1977 Little River Band hit Help Is On Its Way which this time features Wendy Matthews, The McClymonts, Beccy Cole, Jasmine Rae, Travis Collins, Busby Marou and Fanny Lumsden.
This article first appeared in The Daily Telegraph. 
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Rock legend Glenn Shorrock lists longtime Double Bay home 

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Sydney socialite Krissy Marsh’s Double Bay apartment has finally sold almost a year after its initial offering.
It’s been a roller coaster ride for the property investor dubbed the “property princess” during her stint on Real Housewives Of Sydney. She called the three-bedroom apartment home during filming.
The sale comes nearly a year after she first sought an overly ambitious $5 million.
The luxury apartment (pictured above) in the Kann Finch-designed Bay Residences looked to have sold when asking $4.3 million mid-year.
It went under contract in June, only for the Hong Kong buyer to back out, foregoing their 5% deposit.
Ray White TRG agent Gavin Rubinstein took over the listing and secured the sale this week after reducing the asking price to $3.8 million.
Marsh (pictured), who resides in Dover Heights, paid $3.5 million in 2015.
During the marketing campaign, the apartment was up for rent at $3000 a week.
Marsh is planning on using the proceeds to buy a holiday home in Noosa.
Marsh bought her first Sydney­ property in 1994 paying $260,000 for a two-bedroom­ art deco apartment in Rose Bay, which she sold a decade later for $620,000.
In 2003 she founded industrial and commercial agency Billicorp, which she sold 10 years later to LJ Hooker.
This article was first published in the Saturday Daily Telegraph. 
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Krissy Marsh finally secures Double Bay sale

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The Double Bay fashion premises of well known designer Carla Zampatti is up for lease.

The first floor, open plan commercial space at <a href="https://www.realcommercial.com.au/for-lease/property-12-bay-street-double-bay-nsw-2028-503375302" target="_blank">12 Bay Street</a>, spans 100 sqm across two levels.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/ZAMPATTI%20DOUBLE%20BAY%201.jpg">

Zampatti has owned and operated from the property for over three decades.

1st City's John Knott suggests the space would suit a photographer, graphic design space, yoga studio or offices.

Zampatti owns the majority of the premises where he fashion brand operates.

She owns her stores in Mosman and the fashion empire's HQ in the Sydney CBD.

[smartcode_project:default project_id=29359]
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Carla Zampatti's Double Bay fashion house for rent

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The offshore buyer of Sydney socialite Krissy Marsh’s Double Bay apartment has failed to proceed with their proposed purchase, and the property has non returned to the market­ with a $4.3 million asking price.
The luxury apartment in The Bay Residences was marked “under contract” in June, only for the Hong Kong buyer to back out before­ its much delayed settlement date.
It is understood there was a 5% deposit.
The one-time Real Housewives Of Sydney star paid $3.5 million in 2015 for the apartment, where she resided when Foxtel filmed the opening season of the reality show.
Marsh has been seeking a sale so the family can buy a holiday home in Noosa.
Marsh, her husband John and their three children reside in Dover Heights, in a home which they briefly listed in early 2017.
The Double Bay unit was initially listed last Christmas with ambitious $5 million price hopes.
It was last marketed with a guide of $4.28 million to $4.38 million, selling at about $4.25 million through Alex Lyons at Raine &amp; Horne Double­ Bay.
Spanning 285 square metres, the apartment comes with three bedrooms, each opening to balconies.
Marsh, who was dubbed the “property princess” on RHOS, bought her first Sydney­ property in 1994 paying $260,000 for a two-bedroom­ art deco apartment in Rose Bay, which she sold a decade later for $620,000.
She is not the only one to be caught up in recent sales collapses.
In Potts Point, veteran property investor Andrew Isles has just secured the sale of his Manar apartment after its November 2018 buyer pulled out of a $4.1 million deal.
Locals have been left dumbfounded as it has resold for $3.75 million, a few weeks after its no-bid auction through Richardson &amp; Wrench agent Jason Boon.
Records show that it was bought in 2009 for $2.25 million from the former lawyer­ Russell Keddie.
This year a $30 million Vaucluse sale collapsed and a $14 million Wahroonga sale also fell through.
This article was first published in the Saturday Daily Telegraph. 
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Krissy Marsh's Double Bay buyer backs out

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The site of an ANZ bank, in Sydney's Double Bay, has sold at auction, trading for $9.8 million.
Located at 27-29 Knox Street, the holding is situated between Sportscraft and the Twenty-One Espresso. It is directly opposite the Cosmopolitan Centre. 
It comprises of 230 sqm of lettable area.
The estimated net income is $199,217 per annum, however the long term lease, held by ANZ, has a rent review date in mid-2020.
It previously traded in 1989, when it sold for $3.25 million.
Peter Krieg and Tao Shi, from CBRE North Sydney, managed the sale.
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Double Bay ANZ sold for just under $10 million

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Elbon Arcade, a commercial trophy asset in the heart of Double Bay, has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-double+bay-503331546" target="_blank">402 New South Head Road</a> comprises 10 commercial tenancies and currently brings in a net income of $385,000 per annum.
It is being offered for the first time in nearly four decades.
The likes of cafe Elbon Coffee, LA Spa and Nails and mens hair stylist Testarossa are among the tenants, as well as a number of office spaces. It is being offered fully leased.
Colliers International agents Matt Pontey, Miron Solomons and Nick Lumley have an October 17 auction.
They suggest the three level property on 256 sqm is ready to refurbish, redevelop or reposition. It has a 720 sqm gross building area.
 
 
 
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Elbon Arcade, the Double Bay trophy commercial property, listed for sale

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New Metlife boss Richard Nunn has bought in Double Bay following his move from Adelaide.
Nunn, previously chief executive of the South Australia-based Statewide Super, has spent $4.1 million on a 1980s home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/30/double%20bay%201%201.jpg" alt="">
The three-bedroom, full brick home is an investment for the time being, having been promptly leased at $1800 a week reflecting a 2% yield.
Nunn previously owned an apartment in Double Bay he sold for $1,525,000 in 2012.
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In 2015, he offloaded a Pyrmont apartment for $3.9 million, having paid $3 million three years earlier.
This article was first published in the Saturday Daily Telegraph.
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