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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Krissy Marsh, the property princess from the dormant Foxtel show The Real Housewives of Sydney, has now listed her Double Bay investment apartment for auction.
Rather than offering the apartment with $5 million hopes, it comes instead with $4.2 million to $4.6 million price indications ahead of the March 28 auction.
Marsh paid $3.5 million in 2015, when the family were based in Shanghai.
Raine &amp; Horne Double Bay agent Ric Serrao and Alex Lyons are marketing the home as one of Double Bay's finest apartments.
Marsh resided in the plush three bedroom apartment during the first and only season of the show, but these days calls Dover Heights home.
Her redundant Bay Street, Double Bay apartment in the Kann Finch-designed Bay Residences complex has been leased in recent times.
It was listed last December with a $2,850 a week tenant, who had the lease until May.
<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/2019/1/15/Marsh2.jpg" alt="">
There's a combined formal lounge and dining area, as well as a separate media room.
All three of its bedrooms open to balconies. There is a full width terrace flows from the open plan living area.
<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/2019/1/15/Marsh3.jpg" alt="">
The highest Double Bay apartment sale last year was away from the shopping village where philanthropic Kiwi businessman Sir Owen Glenn took $9 million for his Gladswood Gardens apartment on the harbour. The two level, three bedroom apartment sold through veteran Double Bay agent Sally Hampshire to horse racing enthusiast Steven Gregg, chairman of Caltex Australia, and board member at Tabcorp. 
There has been a $10.5 million Cross Street off the plan penthouse sale in the 1788 project.
Other than the cast's occasional adhoc off-camera reunions, Marsh has maintained a relatively low profile since the shows last episode aired, some 18 months ago.
Although she did recently partner with Swarovski for her vlog Christmas at Home with Krissy Marsh.
The local paper, The Wentworth Courier reported this week Marsh wants to buy a Noosa holiday home.
Marsh was last in the property pages when she tried to sell the Dover Heights home she shares with husband John and their three kids in early 2017. She failed to find a buyer when asking $8 million. The Mackenzie Pronk-designed six bedroom entertainer features interiors from Make Creative's Antonia Pesenti.
The four level home was re-built since it was bought for $1,975,000 in 2003, and now comes with a gym, cinema, heated plunge pool and a rooftop terrace. 
 
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firstname1-iYD4UYzvBa

With Noosa holiday home plans, Krissy Marsh lowers her price guidance on Double Bay apartment

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Aussie John Symond has listed a Double Bay retail property.
The <a href="https://www.domain.com.au/18-transvaal-avenue-double-bay-nsw-2028-2014933470">boutique shop and residence </a>has Maree Conley’s homewares outlet Conley &amp; Co.
It was bought by Symond in 2014 for $4.8 million.
The Alexander Tzannes-designed retail property was sold by the former Trent Nathan chief Shane Barr.
There is a $6.5 million to $7 million guide by Brad Caldwell-Eyles of 1st City Double Bay, who sold it last time.
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j.ballantyne1990-6AQqhLzZaK

Aussie John Symond lists Double Bay retail property

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Double Bay quietly notched up an $18 million off market sale late last year, the fourth highest house sale the harbourside suburb has seen.
The $18.3 million purchaser was local investor Herman Melkman, whose only reported movement in property circles was in the Sydney office space.
His company Ogen Nominees spent $95.3 million on a recently completed seven storey office in Macquarie Park in 2017, Knight Frank noted.
The Castra Place home is just one of a handful on the exclusive waterfront, where the Westfield Lowy's also own.
<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/2019/1/11/Castra1.jpg" alt="">
The home last traded for $13 million in 2015 when bought by Wenbin Xu, who quickly submitted plans for a $900,000 plus renovations and extensions.
It was reported in 2015 that he was a FIRB-approved buyer Wenbin Xu, 26, from China, with established interests in an accountancy firm and property in Perth.
The home had belonged to venture capitalist Richard Woods and his wife Vickki McFadden, who was the Takeovers Panel president.
Woods and McFadden completely rebuilt the home after they paid $2.49 million in 1998.
They still own a $5 million duplex next door.
<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/2019/1/11/Castra2.jpg" alt="">
Xu's alterations included changes to the arrangements of the windows, skylights, a new garage door and an internal reconfiguration by Cameron Woo Design.
The approval also included changes to the landscaping, with the raising of the sea wall and swimming pool level.
When the home sold in 2015 it was described as a private sanctuary with five bedrooms and five bathrooms on the harbour facing 675 sqm block with its own putting green.
The Double Bay house record is the $100 million Fairwater, which the Fairfax family sold last year, followed by the $71 million Elaine, next door a year earlier.
The third highest sale came in 2015 when Multiplex scion Andrew Roberts <a href="/news/andrew-roberts-secures-38-million-for-double-bay-harbourfront">sold his Gladswood Gardens home for $38 million</a>.  
 
 
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Whisper quiet $18 million Double Bay house sale

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Krissy Marsh, the property princess from the dormant Foxtel show The Real Housewives of Sydney, has listed her Double Bay investment apartment with $5 million hopes.
Marsh resided in the plush three bedroom apartment during the first season of the show, but these days calls Dover Heights home.
Other than the cast's occasional adhoc off-camera reunions, Marsh has maintained a relatively low profile since the shows last episode aired, some 18 months ago.
Although she did recently partner with Swarovski for her vlog Christmas at Home with Krissy Marsh.
<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/2019/1/15/Marsh2.jpg" alt="">
Her redundant Bay Street, Double Bay apartment in the Kann Finch-designed Bay Residences complex has been leased in excess of $2,700 a week over recent times.
It is being sold with its current $2,850 a week tenant, who has the lease until May next year, which would reflect a 3 percent rental yield.
There's a combined formal lounge and dining area, as well as a separate media room.
All three of the bedrooms open to balconies. A full width terrace flows from the open plan living area.
Marsh paid $3.5 million in 2015, when the family were based in Shanghai, so she's expecting 12 percent annual price growth.
Raine &amp; Horne Double Bay agent Ric Serrao and Alex Lyons are marketing the home as one of Double Bay's finest apartments.
<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/2019/1/15/Marsh3.jpg" alt="">
The highest Double Bay apartment sale this year was away from the shopping village where philanthropic Kiwi businessman Sir Owen Glenn took $9 million for his Gladswood Gardens apartment on the harbour. The two level, three bedroom apartment sold through veteran Double Bay agent Sally Hampshire to horse racing enthusiast Steven Gregg, chairman of Caltex Australia, and board member at Tabcorp. 
Last year there was a $10.5 million Cross Street off the plan penthouse sale in the 1788 project.
The RHOS cast spent 2018 wondering whether they would be commissioned for a second season, having not shot a scene since 2017.
The Melbourne series - which is set to start filming its fifth season early next year - has several housewives in the cast active on the property scene, including Pettifleur Berenger and Janet Roach.
Sydney would not be the first in the Bravo series not to be renewed as the Washington DC series in 2010 never got a second series, nor Athens and Auckland. Orange County is now up to series 13.
Marsh was last in the property pages when she tried to sell the Dover Heights home she shares with husband John and their three kids in early 2017. She failed to find a buyer when asking $8 million. The Mackenzie Pronk-designed six bedroom entertainer features interiors from Make Creative's Antonia Pesenti.
The four level home was re-built since it was bought for $1,975,000 in 2003, and now comes with a gym, cinema, heated plunge pool and a rooftop terrace. 
 
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Real Housewives star Krissy Marsh lists Double Bay apartment

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There are $90 million hopes for a Double Bay development site.
It is the Cross Street holding next to the Inter­Continental Hotel.
Offers close Decem­ber 7 for the 1,334 sqm block at 19-27 Cross Street.
It is on the corner of Transvaal Avenue.
There are plans from architect Luigi Rosselli for a high-luxury seven-storey project, but not yet approved.
It includes retail and a piazza on the ground level with 22 apartments.
The property has been listed by Tri-Anta Pty Ltd who purchased it in 1996.
The six children of the late Stephen and Stella Rose are the vendors through 1st City.
<img src="https://www.urban.com.au/images/2018/11/7/Cross%20Street%20aerial.JPG" alt="">
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$90 million hopes for Double Bay development site

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The Double Bay office premises of Ken Jacobs Christie's International Real Estate has been listed for sale.
Christie's, who are led by agent Ken Jacobs who recently secured the reported $100 million Fairwater sale, occupy the top floor of the <a href="https://www.realcommercial.com.au/property-retail-nsw-double+bay-503006830" target="_blank">two level Knox Street building</a>.
The 238 sqm lower ground space is tenanted by Sportscraft, which has recently been renovated throughout.
Sandwiched between the Savoy Hotel and the newly located ANZ Bank, the property also comes with an additional rear shopfront to Knox Lane.
Ken Jacobs Christie's sits on the executive office floor that spans 250 sqm.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/5/jacobs2.jpg" alt="">
The modern double storey asset with plate glass and concrete facade has a net passing income of around $435,000 per annum.
There's 485 sqm of total lettable area on its 300 sqm parcel which is zoned flexible B2 local centre.
Ray White Commercial agents Jacob Fahd and Grant Whiteman are marketing the property for a November 29 auction.
 
 
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jrobinson-rf4aSBido9

Ken Jacobs Christie's International and Sportscraft Double Bay premises listed

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Mystery surrounds the sale of Double Bay retail and office premises that sold for $12.5 million at auction tonight.
The top bidder was Eduard Litver who owns the retail component of the Cosmopolitan Centre on the opposite side of Knox Street.
But there are whispers Litver was bidding for the Ma family who own adjoining premises. 
The family of Hong Kong press baron Ching-Kwan Ma has been buying up Double Bay in recent times.
Auctioneer James Keenan announced the 31-33 Knox Street premises on the market at $10.2 million.
There were just the two bidders.
It is sandwiched between the Savoy Hotel and the newly located ANZ Bank, which replaced the long running D'Bees Restaurant.
The property also comes with an additional rear access to Knox Lane.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/5/jacobs2.jpg" alt="">
The lower ground space is tenanted by Sportscraft, which has recently been renovated throughout with a lease that expires September 2022.
Christie's occupy the top floor of the <a href="https://www.realcommercial.com.au/property-retail-nsw-double+bay-503006830" target="_blank">two level Knox Street building</a>. The executive office floor spans 250 sqm.
The modern double storey asset with plate glass and concrete facade has a net passing income of around $435,000 per annum.
There's 485 sqm of total lettable area on its 300 sqm parcel which is zoned flexible B2 local centre.
Ray White Commercial agents Jacob Fahd and Grant Whiteman marketed the property.
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The outgoings total $64,000 including $11,000 council rates and $42,000 land tax. 
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</div>
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The Ma family's last Double Bay purchase was $14.7 million on <a href="/expert-insights/investing/ma-family-buys-in-double-bay-for-14-7-million">Cross Street</a>.
There was a $12.5 million purchase by the Ma family in 2016 on Bay Street from the Perth socialite Rose Porteous.
 
 
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jchancellor-FAypfDUnLy

Mystery after Knox Street, Double Bay premises sell for $12.5 million

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Sydney Roosters Premiership winner Victor Radley has been on the hunt for his first property.
It seems likely it will happen over summer as the celebrations come after the NRL grand final.
The 20 year old rookie was a key player in the Roosters Premiership season and then its Grand Final win.
Born and raised in Bronte, Radley's property search has been focused in Roosters heartland.
 He registered as a bidder for the auction for an apartment in Double Bay, however didn't register a bid.
The price of the two bedroom apartment soared $240,000 over reserve to $1.49 million.
The renovated unit sits on the ground floor of Streatham, a boutique block of four.
The 82 sqm William Street apartment last traded for $799,000 in 2013.
It had been a $775 a week rental. 
Phillips Pantzer Donnelley Woollahra agents Sean Poche and Nathan Ryland sold the apartment.
Radley has come under fire for his televised post-match comments after last weekend's win.
The young gun said he was set to celebrate with "beers, beers and more beers."
It has been frowned upon by 2GB broadcaster Alan Jones.
"But can I just make one point, not being prudish," Jones said.
"Now young Victor, can I just proffer a word, you can celebrate and have a good time, without filling your stomach with grog, and without going over the top," Jones said on his top rating morning breakfast show.
"He will play for Australia one day," Jones added, suggesting he is maybe the hardest tackler in the game.
There's been plenty of property movement during the season in the Roosters camp. 
Captain Boyd Cordner upgrading during the season, spending $1.5 million in Randwick.
The previously Coogee-based forward bought a garden apartment in a Andre Barouch-designed block of eight.
The biggest Roosters outlay came from Luke Keary, who won the Clive-Churchill Medal for his finals performance. 
Keary, who departed South Sydney after a row with owner Russell Crowe, spent $2.7 million on a three bedroom home in Dover Heights, moving from a modest Mascot apartment he bought when with the Souths.
This article was first published in the Saturday Daily Telegraph.
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Sydney Roosters' Victor Radley on the hunt for his first property

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The tech billionaire Mike Cannon-Brookes and his wife Annie Todd have bought Australia’s most expensive house, the harbourfront jewel, Fairwater at Double Bay.
The sale, possibly for close to $100 million, and likely to be in cash, ends more than a century of Fairfax family ownership on Seven Shillings Beach.
Despite the end of the boom, their purchase highlights the enduring popularity of premium harbourfront property, as old money passes the baton to new money.
It took just three weeks for the 1.12 hectare estate to sell, although there had been expectations of its listings since the death of Lady (Mary) Fairfax last September.
The current Sydney time on market has edged up this year to be taking 37 days to find buyers, among the 28,000 current offerings available for sale, according to CoreLogic.
Property developer Richard Sheinberg had been among those who'd been through.
“We are delighted with the purchase of Fairwater for our young family and look forward to continuing the legacy of this beautiful Sydney home,” Cannon-Brookes said. 
“We love the idea of raising our four young children in this historic property, filling the house and gardens with love and laughter through the years," the Cannon-Brookes said.
The price has not been revealed since its sale on Wednesday night, but it had been expected to fetch somewhere between the $71 million paid right next door and close to $100 million.
The sale coincided with a visit to Sydney from the United States by Cannon-Brookes who spends much of his time in San Francisco near Atlassian's US HQ.
The billionaire was always tipped to be its likely buyer, and not just because estate agents pinpointed his Kalamazoo, American-born wife as keen to secure an Australian trophy home.
His Atlassian business partner Scott Farquhar paid $71 million without any mortgage next-door for another Fairfax family home, Elaine which took three years to sell.
There was no formal website marketing for the home that dates back to 1881, but interested parties were being taken through the landmark home by Christie's International agent Ken Jacobs.
“Elaine and Fairwater are the golden girls of Sydney Harbour,” selling agent Ken Jacobs said earlier this month.
"To get over 11,000 square metre of land on Sydney Harbour is just unheard of, and it will be impossible to repreat that," Jacobs said.
"You'd have top buy 11 standard Point Piper sites to get to this size, so it's really just a one off.
"Internationally, to get a property as revered as this within five kilometers from the CBD and this landsize, and on a harbour, is just unheard of.
"It's very extraordinary for a property like this to still exist."
Almost like Cannon-Brookes and Farquhar's business exploits, Jacobs suggested Fairwater and Elaine complement each other.
"They add value to each other because you've basically got Australia's two best properties together. And they're both about to be revived to their former glory."
"They're both legacy properties," Jacobs said, adding that they're not on the radar of properties that continually turn over.
"They're ones that have just been there and maintain quite an amount of mystique.
"It was wonderful when Elaine came to the market, but with Fairwater, it takes it to another level because of the land size.
"It's an acre larger than Elaine and the grounds are just extraordinary.
"It may not come for another hundred years or more."
The Atlassian co-founders' wealth is pegged at a combined $6 billion after Atlassian was founded in 2002 using $10,000 in credit card debt.
The Atlassian co-founder Mike Cannon-Brookes was always on Jacob's radar as a prospective buyer.
He recently sold his Braelin, his Centennial Park trophy, for $16.5 million, and has looked at several trophy homes to purchase.
Last year the family even stayed at Barford in Bellevue Hill to test whether they liked it there on the hillside location.
The Cannon-Brookes had already spent a combined $16 million on two non-waterfront Double Bay houses. The acquisitive couple have spent more than $45 million worth of homes in the past six years including a second Southern Highlands weekender.
The Double Bay offering by the executors of the late LadyFairfax had been in the Fairfax media dynasty family since 1901 when Sir James Oswald Fairfax paid £5,350.
The two-storey, late Victorian mansion - which was designed by architect J. Horbury Hunt for stockbroker, Francis Joseph in 1881, is set on five sub-dividable blocks on exclusive Seven Shillings Beach. 
Elaine is a 6,900 square metre land holding, with Fairwater ranked as the largest privately-owned harbour side landholding, spanning 11,210 square metres.
"It is remarkable that an estate offering such rare and unrepeatable features still exists in Australia today; this opportunity will not come again," Jacobs said.
"It's not what you expect to find in Sydney.
"It's what you expect to find in Newport, Rhode Island for example, because of the grandness of the estate."
Coming without Opera House views, and just the top of the Bridge, the property was always likely to sell to locals rather than Chinese buyers who seek the postcard aspect. 
The top 10 sales across Australia include four sales in Point Piper, three in Vaucluse, one in Melbourne's Malvern and a Mosman Park compound in Perth, which when sold for $57.5 million in 2009, held the national price record.
There had only been one prior listing through to had the potential of securing $100 million, just around the corner.
It was in 2016 when Aussie John Symond listed his Point Piper trophy home with unconfirmed $100 million plus expectations.
His modern four level harbourfront home, set on 2685 square metres, was so vast, and then without vegetation, that it was nicknamed 'Aussie Stadium'.
The state government will secure $6.94 million stamp duty on the touted $100 million sale, and $14.9 million if the Cannon-Brookes are considered based overseas and subject to foreign buyer duty.
Lady Fairfax briefly contemplated gifting her mansion to the people of NSW. 
In 1996 Lady Fairfax announced a trust of seven was being established to oversee the estate. 
Lady Fairfax, who later declined to comment on her intended gift, moved into Fairwater with her husband, Sir Warwick in 1969.
During her decades the Fairwater grounds had been regularly opened for charitable fundraising occasions, including the East West Foundation, the Australia Ireland Fund, the Opera Foundation Australia (founded by Lady Fairfax) and the Cochlear Implant Centre, Sydney. 
At one dark stage in the Fairfax annuls, the mother of fallen media boss Warwick Fairfax, suggested after he lost the newspaper empire, that she might have had to sell part of the grounds to pay the land tax and its upkeep.
"Fairwater is safe but what is Fairwater without the garden, it's just another big old house," she said amid the 1990 company stockmarket turmoil.
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Fairfax's Fairwater sale reflects baton change from old media to new tech

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Tech billionaire Mike Cannon-Brookes and his wife Annie have bought Australia’s most expensive house, the harbour front Fairwater at Double Bay, ending more than a century of Fairfax family ownership.
“We are delighted with the purchase of Fairwater for our young family and look forward to continuing the legacy of this beautiful Sydney home,” Cannon-Brookes said.
It took just three weeks for the 1.12 hectare estate to sell.
The price has not been revealed since its sale last night, but it was expected to fetch somewhere between the $71 million paid next door to close to $100 million.
The sale coincides with a visit to Sydney from the US by Cannon-Brookes.
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The billionaire was always tipped to be its likely buyer, and not just because Sydney estate agents had pinpointed his American wife as keen for an Australian trophy home.
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His business partner Scott Farquhar paid $71 million next-door for Elaine on Seven Shillings Beach last year, which took three years to sell.
There was no formal website marketing for the home that dates back to 1881, but interested parties were being taken through the landmark home by Christie's International agent Ken Jacobs.
Last November when Fairwater was tipped as likely to come to market this year, Mike Cannon-Brookes was ranked as a likely prospect to secure the prized offering in an article in the Weekend Australian's Mansion Australia magazine. 
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/27/MCB1.jpg" alt="">
 
More recently Title Tattle wrote on its listing that fellow Atlassian co-founder Mike Cannon-Brookes would no doubt be on Jacob's radar as a prospective buyer. He recently sold his Braelin, his Centennial Park trophy, for $16.5 million.
“Elaine and Fairwater are the golden girls of Sydney Harbour,” Jacobs said earlier this month.
The Atlassian co-founders' wealth is pegged at a combined $6 billion.
Atlassian was founded in 2002 using $10,000 in credit card debt.
“We love the idea of raising our four young children in this historic property, filling the house and gardens with love and laughter through the years," the Cannon-Brookes said.
Australia's most expensive home has hit the market which has reignited the optimistic obsession about a $100 million sale.
The Double Bay offering by the executors of the late Lady (Mary) Fairfax had been in the Fairfax media dynasty family since 1901 when Sir James Oswald Fairfax paid £5,350.
The two-storey, late Victorian mansion - which was designed by architect J. Horbury Hunt for stockbroker, Francis Joseph in 1881, is set on five subdividable blocks on exclusive Seven Shillings Beach. 
Elaine is a 6,900 square metre land holding, with Fairwater ranked  as the largest privately-owned harbour side landholding, spanning 11,210 sqm.
"Fairwater represents an extraordinary opportunity to acquire Australia’s most desirable residential holding," Jacobs said.
"The property’s appeal reflects its unquestionable position as Australia’s most revered and significant home. 
"It is remarkable that an estate offering such rare and unrepeatable features still exists in Australia today; this opportunity will not come again."
 
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