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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<div>
A Cross Street, Double Bay property - that once housed one of Sydney's shopping mecca Hampshire &amp; Lowndes - has been listed with estimated $15 million hopes.
The 329 sq m site at <a href="http://www.onthehouse.com.au/11744095/2_12_cross_st_double_bay_nsw_2028" target="_blank">12 Cross Street</a> has been held for more than 20 years.
The shop was long run by Jilly Hampshire and Susan Lowndes. It now consists of five retail tenancies and five commercial tenancies.
Sarah Lowndes has been a director of the vendor company since 1976. The current shareholders are listed as Hugh Norton and Clive Mansell.
The commercial property is fully leased to 11 retail and commercial tenants.
Colliers International has the offering of the first Double Bay freehold commercial property set to be auctioned in many years, Fairfax Media advised.
</div>
<div>The street has seen two development projects unveiled by two major developers on the street, Toga and SJD.</div>
<div> </div>
<div>Toga is developing the site at 16-18 Cross Street into a 13-unit project called The Hunter, while SJD has a double landholding at 20-26 Cross Street and 28-34 Cross Street for units.</div>
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j.ballantyne1990-6AQqhLzZaK

Hampshire & Lowndes's former Cross Street, Double Bay listed

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There has been a $13.75 million sale in the 1788 Residences development at Double Bay.
Late on Thursday a buyer exchanged on the sub-penthouse on level five of the <a href="https://www.domain.com.au/project/2395/1788-residences-double-bay-nsw" target="_blank">Bates Smart-designed project</a> after an amalgamation of two apartments into a single unit.
It topped the $10.5 million record paid a month ago when a smaller 180-square-metre penthouse sold on the day of the VIP launch. 
CBRE selling agent Ben Stewart said the sub-penthouse 295 square metre amalgamation equated to $46,610 per square metre.
The penthouse equated to a bullish rate of $58,333 per square metre.
The SJD Group development also secured a $9.6 million for an apartment on level three.
Before the 1788 sale spree, Double Bay’s highest apartment sale was $8.9 million, when the penthouse of the Chancellor sold in 2014.
There are 15 apartments left to be sold of the 31 on offer in 1788.
At its late August VIP launch, just 11 of the 31 apartments sold for a total of $55 million.  
It is due to be complete by early 2019.
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Halfway there in Double Bay's 1788 OTP sales

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With 10 years in the real estate industry, August 2017 was the biggest month ever for Ray White Double Bay agent Gavin Rubinstein.
Rubinstein has just sold close to $50 million worth of real estate.
Back from holidays, in only 19 days at a rate of $2.5 million a day for that period.
Despite reports of the slowing market and low house sales, he suggests each of the nine sales was a bullish result individually.
"While some people are promoting a lot of doom and gloom, I feel that the Eastern Suburbs property market is still in good shape,” Rubinstein said.
One sale was an off-market sale for $8 million in Dover Heights which fetched a street record.
His highest sale for the month was 327A Edgecliff Road in Woollahra which sold under the hammer for $10.1 million.
The buyers of one of his listings in Bellevue Hill were the strongest party going into the auction, but they weren't in a position to move until they had secured a sale on their own house, also in Bellevue Hill.
“We utilised our off-market platform strategy and attracted 20 qualified buyers and generated three formal offers for the buyer’s home within a couple of days.
“After a week, I had negotiated a premium result of $4.2 million for their property and simultaneously exchanged on their purchase for $6.75 million the same day (after 11pm at night),” Rubinstein said.
“The result: two very happy buyers and two very happy vendors.”
Among his 2017 sales includes the purchase in The Rocks by entertainer Larry Emdur.
<div>More than 1200 real estate agents and guests last night celebrated the achievements of 2016-17 at the annual Ray White New South Wales awards.</div>
<div> </div>
<div>Ray White Double Bay had a very successful night, picking up awards as the number one city office in settled commission and the number two office internationally.</div>
<div> </div>
<div>Its elite agent Gavin Rubinstein also took home the number one salesperson awards to be the top residential sales operator in NSW. </div>
<div> </div>
<div>Gavin Rubinstein can also claim to be the number one residential salesperson in all of Australia, and in terms of international rankings across all Ray White businesses, while he is the number three salesperson internationally for Ray White.</div>
<div> </div>
<div>
<div>Ray White Double Bay director Craig Pontey, who received his 30 year tenure medal at the awards, paid credit to his whole team for its own success. </div>
<div> </div>
<div>"We have a lot of agents in the top 10 and a number of sales people just outside (the top 10) and we pride ourselves on our training and the leadership that Mike Finger, Elliott Placks and I have invested in our business is paying substantial dividends," Mr Pontey said.</div>
<div> </div>
<div>"Our salespeople love structure and leadership, and energy. Ray White Double Bay has a culture of harmony and family which is quite important and we work hard to maintain it. Our business has been going now for 30 years and we have come of age, not just in the Eastern Suburbs of Sydney, but in all of Australia.</div>
<div> </div>
<div>"To be recognised as the number one office in Australia is no mean feat as there 1100 offices in the Ray White network.</div>
<div> </div>
<div>"Ray White is the number one agency group in Australasia and it's a very valuable brand, not just to me as a principal, but also to all salespeople in the group.</div>
<div> </div>
<div>"Ray White offers people a very big advantage in every market, and I want to pay my respect to the White family for their support and leadership."</div>
<div> </div>
<div>Ron Kissell of Hurstville had reason to celebrate, not only being awarded number one salesperson in settled commission regionally but also taking the most prestigious award of the night; the Director’s Cup Award, given to the person identified as having made a significant contribution to the Ray White brand.</div>
</div>
 
<div> </div>
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Ray White's Gavin Rubinstein sells $50 million worth of properties in 19 days

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The penthouse atop the 1788 Double Bay six-storey building sold for $10.5 million shortly before Saturday’s VIP launch of the 31 apartments.
Its sale was followed by an apartment on level three for $9.6 million.
The six-level complex is due for completion in early 2019.  
Empty nesters from Darling Point and Bellevue Hill were the buyers of the development’s top two sales.
Both topped the suburb’s previous apartment record when $8.9 million was paid in 2014 when the Chancellor penthouse sold to Lynette Harvey.
Selling agent Ben Stewart said at 180 square metres, the penthouse sale translated to a bullish $58,333 per square metre.
At Saturday’s VIP launch, just 11 of the 31 apartments sold for a total of $55 million.  
Sales included $3.8 million paid for a two-bedroom apartment, a very strong price.
Designed by Bates Smart, it is due to be complete by early 2019 by SJD Group, headed by Shanghai developer Shi Jiandong, who bought the Cross Street site from the Roche family last year for $54.6 million. The developers, SJD Property, are most famous for Rich Gate — among the most expensive compounds in Shanghai.
The company also bought the site next door in July for $45 million from the dry cleaning business owning Eisman family.
As part of Woollahra Council’s revitalisation of Double Bay it recently entered into a public-private partnership with Axiom Properties and its development and cinema consortium, Built and Palace Cinemas, to convert the public car park elsewhere on Cross Street into a mixed residential and commercial building with a boutique cinema complex, retail space and public parking.
Late last year TOGA sold all 13 apartments in its new Double Bay development; ahead of the sales suite opening to the public.
The Hunter is a $50-million boutique-style development located elsewhere on Cross Street.
The buyers were from its registered database of clients.
They sold within a fortnight of pre-marketing.
TOGA Development &amp; Construction Chief Executive Officer, Fabrizio Perilli said 10 of the 13 apartments sold to owner occupiers.
It will be anchored by a boutique ground-floor retail precinct with a mix of cafes, restaurants and wine bars in a nod to Double Bay’s European character.
The JPR Architects-designed building will feature a contemporary terraced facade with shuttered balconies above the retail precinct to create a European-inspired connection between the private and public domain.
Construction at is scheduled to be completed in early-2019.
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Double Bay's 1788 disappoints with less than half sold

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The Chinese property apartment developer SJD, which recently acquired two adjoining sites in Double Bay, has unveiled its plans for the first luxury apartment complex.
The off-the-plan development, at 20-26 Cross Street, is being marketed with the Chinese development company giving it a rather bizarre name, 1788.
SJD recently secured the development site from veteran property developer Bill Roche for $54.6 million, reflecting around $1,750,000 per apartment based solely on its residential component. 
The bespoke residences are being marketed as an elegant sculptural architectural building drawing on the cultured European ambience of Double Bay with gentle concave and convex curves.
There will be 31 luxury residences.
Last month SJD snapped up the neighbouring commercial property paying a reputed $45 million.
The property, Bay Village at 28-32 Cross Street has a site area of around 1,030 sqm through father son team, Craig Pontey of Ray White Double Bay and Matt Pontey of Colliers International.
Double Bay, having been crippled by the opening of the Westfield Shopping Centre in Bondi Junction, is regaining its momentum after newly built prestige residential complexes, the reopening of the major hotel, a new library and the Kiora shopping space.
CBRE’s Ben Stewart, who is marketing the 1788 development, was having an each way bet on the direction Double Bay's demographic direction.
He noted he'd seen a change in the type of people living in and visiting Double Bay.
“Traditionally it was an older market – and it still is a downsizer market – but there is also a younger demographic coming in,” he says.
“However, empty nesters are a big part of the area as they like the village lifestyle.”
With architecture and interiors by Bates Smart, Stewart says 1788 was designed to attract the older demographic with the best finishes he'd ever seen, he said.
“The majority of units are facing north so the aspect is really good, and it’s a low-maintenance development so it’s low cost to maintain.”
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SJD launches luxury 1788 apartment project in Sydney's Double Bay

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A commercial property in Sydney’s Double Bay has been snapped up in an off market deal with the SJD apartment development group paying a reputed $45 million.
The property, Bay Village at 28-32 Cross Street has a site area of around 1,030 sqm. 
SJD also recently secured the neighbouring property - an apartment development site from veteran property developer Bill Roche for $54.6 million. 
Most of the Double Bay agents are overseas on holidays, but the chatter at a mid-week art gallery opening onsite, suggested the unconfirmed selling agents were father son team, Craig Pontey of Ray White Double Bay and Matt Pontey of Colliers International.
Double Bay, having been crippled by the opening of the Westfield Shopping Centre in Bondi Junction, is regaining its momentum after newly built prestige residential complexes, the reopening of the major hotel, a new library and the Kiora shopping space.
 
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jonathanchancellor-7SQnKwU6yx

Double Bay $100 million apartment site consolidation on Cross Street

Elaine, the two acre property situated at the shores of Sydney Harbour at Double Bay, was marketed with a video by Golden Eye Media.

The property had been home for 120 years to the Fairfaxes, one of the world&rsquo;s greatest media dynasties, it noted.

It noted the view was so rare that it was considered one of the great private holdings of the world - and the largest that will ever be offered for sale.

&ldquo;There&rsquo;s no doubt in my mind this maybe the shortly the last of such properties, of such scale and quality to survive in private hands,&rdquo; according to Howard Tanner, historical architect and Fairfax confidant told the camera.

Built in the 1860s, a time when Sydney&rsquo;s upper class family was staking a claim to the land, it is set over six titles offering scope for change should it be desired.

The property sold recently for $71 million to tech entrepreneur Scott Farquhar.

<iframe frameborder="0" height="253" src="https://player.vimeo.com/video/82254294?title=0&amp;byline=0" width="450"></iframe>

Elaine, Double Bay - Australia's most expensive property from above

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The interior decorator, and eastern suburbs socialite, Janelle 'Nellie' Tilley is selling her Double Bay home.
The <a href="https://www.realestate.com.au/property-house-nsw-double+bay-124989562" target="_blank">Victorian terrace</a> appeared in Vogue Living in 2012, but it has been updated even more recently.
Near the heart of Double Bay village, the home blends contemporary with classic, with traditional facade and restored period features combined with custom upgrades and additions.
A flowing floor plan provides two distinct living areas.
An internal atrium with a soaring mosaic wall features, as well as an entertainers' balcony and rear courtyard.
Each of the three bedrooms have their own balcony, while an entry level home office can be set up as a fourth bedroom.
"It is an exquisite tapestry of bespoke executive finishes," listing agent Di Baker at Di Baker Prestige Properties said.
There is a price guide of $6.3 million to $6.9 million.
Her marketing highlighted Tilley's role in the marketing of the home.
Her prior work have been highlighted in the past marketing of the Point Piper apartment of former Goldman Sachs boss Simon Greenaway that fetched $3.2 million late last year.
There was also her decor in the three storey Paddington terrace of Credit Suisse managing director Paul Allen and his wife Liz Morgan which fetched $4,465,000 in 2014.
Tilley says the inspiration for her work comes from many varied places.
But she is totally in awe of all Parisian architecture and antiquities.
She also admire the 16th century Palladian villas. 
Tilley, a mother of three boys, is well known around the Eastern suburbs social circles, regularly appearing at red carpet events and charity fundraisers.
It cost Tilley $2.38 million in 2014 from Michael de Meaune.
This article first appeared in the Sunday Telegraph. 
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Socialite Janelle 'Nellie' Tilley selling $6.3 million plus Double Bay terrace

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Tech billionaire Scott Farquhar spent $70 million plus on Friday night to to secure the three-storey Double Bay harbourfront mansion, Elaine.
The property has been on the market for three years. 
There were two local parties vying against overseas interests for the derelict residence before it sold, ending the three-year marketing campaign by Ken Jacobs of Christie’s International.
Farquhar, 37, who co-founded tech company Atlassian with Mike Cannon-Brookes in 2002, now sits atop of the BRW Young Rich List with a combined net worth of $4.6 billion.
The 6986 square metre estate on Seven Shillings Beach features seven bedrooms, five bathrooms and a tennis court.
“We’re thrilled with the purchase and honoured to take over the Elaine estate in its entirety from the Fairfax family,” Farquhar told Fairfax Media.
Vendor John B Fairfax said the sale was an “emotional day”.
“I sold a home that has been in the Fairfax family since 1891. I am delighted it is being purchased in one line by an Australian family,” he said.
It has been reported Fairfax sold at a "sentimental discount" as he wanted a family buyer not a developer buyer.
Scott Farquhar, the co-founder and co-CEO of the software company Atlasssian, has been one of the handful of Australian billionaires who have been looking to buy in the prestige market place over recent times. It will be home for the low key tech guy and his wife, Kim and their three boys.
His interest has been focussed on eastern suburbs offerings including Rona on Bellevue Hill - going close but never committing to the modernised Rustic Gothic Revival style abode that remains listed through Bart Doff at Laing &amp; Simmons Double Bay inconjunction with Ben Collier at The Agency. 
The sale of Elaine bettered the previous $70 million house record set in 2015 when Jacobs sold the Vaucluse mansion, La Mer on behalf of James and Erica Packer to Chinese-Australian businessman Chau Chak Wing.
Built in 1863, Elaine has been home to the Fairfax media dynasty since Geoffrey Evan Fairfax bought it in 1891 for £2100, though no one in the family had lived in two decades. 
It has been leased since 1996, first to socialite Elizabeth de Fox and her then medico husband David, followed by the boutique property developers Bob Rose and his wife Margaret, then venture capitalist Cameron O'Reilly, and then the joint chief investment officer of Caledonia Investments, Mark Nelson, and his wife, Louise.
Farquhar's has limited property holdings - a Pyrmont apartment in his name - unlike his tech billionaire business partner Michael Cannon-Brookes and wife Annie who love their property.
The Cannon-Brookes couple own a $12 million Centennial Park Californian bungalow home currently getting a makeover given the family's need for more bedrooms, so they have just spent a stopgap $7.05 million on the Double Bay trophy home SeaDragon, the 1936 Professor Leslie Wilkinson designed Mediterranean style villa while they await the renovations.
They also own a Southern Highland retreat and a Palm Beach weekender.
This article first appeared in the Daily Telegraph.
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Double Bay harbourfront Elaine sold for $70 million plus

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Double Bay is the most expensive locality in Sydney to purchase an apartment, according to Investar’s latest report.
The property investment firm says that the median price of a unit in Double Bay is $2.8 million, putting it at the top of the most actively traded suburbs.
This is followed by Milsons Point with $2.5 million and Haymarket with $2.125 million.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="93">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="93">
Double Bay
</td>
<td valign="top" width="64">
2028
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$2,800,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Milsons Point
</td>
<td valign="top" width="64">
2061
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Haymarket
</td>
<td valign="top" width="64">
2000
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$2,125,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Bondi Junction
</td>
<td valign="top" width="64">
2022
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$1,924,000
</td>
</tr>
<tr>
<td valign="top" width="93">
Chatswood
</td>
<td valign="top" width="64">
2067
</td>
<td valign="top" width="70">
3
</td>
<td valign="top" width="122">
$1,880,000
</td>
</tr>
</tbody></table>
A three bedroom at<a href="https://www.realestate.com.au/sold/property-apartment-nsw-double+bay-124545138" target="_blank"> 4/6 Carlotta Road</a>, Double Bay (above) was sold on February this year for $2.7 million.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-double+bay-121727962" target="_blank">2/35 William Street</a>, Double Bay (below) was sold February last year for $2.675 million.
<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/2017/04/18/2_35%20William%20Street.jpg" alt="">
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