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

Esplanade

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<img src="/images/2016/10/27/capital-bluestone-logo-retina.png" alt="" width="349" height="83">
SPONSORED POST
Karen Babilonia and Leonard Masacupan are kick-starting what they hope will be a substantial investment portfolio with their first apartment in Esplanade.
The couple have purchased a one-bedroom apartment at Esplanade on Norwest Lake – the area’s first fully integrated development that combines luxury living with a dining and retail precinct, boutique workspaces and a public boardwalk.
“Our hope is to become full time property investors – we’d love to own as many properties as possible,” says Karen. “Around 20 would be great but there’s no limit.”
“The drive to become investors came about after we read Rich Dad, Poor Dad by Robert Kiyosaki in April this year. It was a real eye opener about how our money could work for us. It all snowballed from there and we bought our first investment in June this year.”
Karen is an Executive Assistant while Leonard is a Business Development Manager and Esplanade is their first foray into real estate.
“We’re first home buyers,” Karen says. “We plan to live in this apartment for around two or three years before turning it into an investment property. This apartment is our entry into the property market.”
The couple chose to buy their first property off the plan to keep the process as simple as possible and to keep costs down.
“Because we’re first home buyers we really liked that there aren’t too many decisions to be made when you’re buying off the plan,” Karen says. “Everything was really easy and straight forward – we just had to pick a colour scheme. 
“We also wanted to keep our mortgage as small as possible and buying off the plan is a much cheaper alternative compared to buying an established house and land.
“I’ve always wanted to be a Bella Vista home owner but houses here are very expensive. We’d be looking at over $1 million. This was a much more affordable option.”
Catch more on their property investment journey <a href="https://youtu.be/eM0KYE4ibQ4" target="_blank">here</a>.
Visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
 
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po-LsXgBTHBmX

Make your money work for you

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<img src="/images/2016/10/27/capital-bluestone-logo-retina.png" alt="" width="383" height="91">
SPONSORED POST 
Buyers have snapped up all available commercial workspaces in the mixed-use development Esplanade, creating a local sales record for Norwest Business Park in the process.
Marketed by PRDnationwide Norwest for development manager Capital Corporation, the 36 boutique workspaces in Esplanade have been sold for between $6200/sqm and $7500/sqm – averaging $6900/sqm – well above Norwest’s average of commercial rates of typically between $4500/sqm to $5600/sqm.
Esplanade proposes a diverse mix of 247 apartments across two residential towers 18 storeys in height with a host of resident-only facilities, three levels of boutique workspaces, waterfront dining and retail areas set on a significantly upgraded public boardwalk along Norwest Lake and about 400 metres from the Norwest station under construction as part of the Sydney Metro Northwest line.
Commercial buyers at Esplanade have been a mix of local professionals such as accountants, real estate agents and doctors, as well as investors.
Capital Corporation Managing Director Steve Grant is considered a pioneer of the Norwest Business Park, having delivered a $700M portfolio of 45 projects in the area, and accommodated the workspace needs of more than 580 businesses, since 1990.
“We’re breaking sales records for Norwest only because Esplanade is offering businesses what they want: great location, integrated development with residential apartments and a dining precinct, as well as boutique workspaces,” he said. 
“Businesses and investors obviously see the future value of the Sydney Metro Northwest railway line and the transformation of Norwest from a business park into a vibrant urban hub which has been kick started by Esplanade that brings the live-work-recreation combination together so thoroughly.”
The creative and urban workspaces at Esplanade can be designed to include exposed ceilings, polished concrete floors and outdoor rooms suitable for meetings or social work gatherings. Other features include communal meeting rooms and breakout areas.
The integration of high quality residential and boutique workspaces – coupled with lifestyle-driven elements such as waterfront dining – not only gives Esplanade a life after hours, it also brings a village feel to the workday that suits the business environment in Norwest.
PRDnationwide Norwest Director David Inkster said the majority of buyers were from the local market that recognised that Esplanade’s workspaces were a unique offering in a premium building with services and amenities not yet available in Norwest.
“There’s a social element to doing business in Norwest when the most productive meetings are often over a coffee or meal, making Esplanade - with its casual and formal dining options - the ideal workplace setting,” he said. 
“And there really isn’t any other specifically-designed commercial workspaces in Norwest that come with a wintergarden overlooking the lake within a short walk to the station,” Mr Inkster said.
Visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
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Commercial suites smash sales record

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<img src="/images/2016/10/27/capital-bluestone-logo-retina.png" alt="" width="345" height="82">
SPONSORED POST
A new era of integrated living has dawned in Sydney’s north-west with the approval of the $280M Esplanade mixed-use development on Norwest Lake.
The Sydney West Joint Regional Planning Panel has signed off on plans for Esplanade which is Norwest’s first truly integrated development.
Esplanade consists of two 18-storey towers, which will include 247 apartments in a mix of one, two and three bedroom configurations; a range of private resident facilities like pool, gym, open-air cinema and lush landscaped gardens; as well as 6,000sqm of waterfront retail space and three levels of boutique commercial suites.
In a unique offering, Esplanade also includes four-bedroom penthouses called Sky Residences, which allow owners to upgrade to a low-maintenance lifestyle in a spacious home-like apartment.  The distinctive penthouses are expected to be released to the market in early 2017.
Development manager, Capital Corporation, credited with more than 45 projects in the successful Norwest Business Park, reports that all commercial suites and more than 60 percent of the apartments have already sold pre-DA, demonstrating a huge appetite for the convenience and lifestyle that comes with apartment living.
Capital Corporation Managing Director Steve Grant says the sales success of the commercial workspaces is testament to the continued belief in Norwest as a thriving business park which is now evolving into an exciting residential and urban precinct.
 “This approval from the JRPP is great news for the many people who have shown their confidence in what we’ve proposed by purchasing prior to approval. More than 85 percent of buyers are local to the area and keen to stay connected to the community they love but want the change of lifestyle that Esplanade offers,” he says.
 “We’ve had the chance to incorporate feedback from Council and the Norwest Business Association and we’re delighted with the outcome. We’re even more excited for the buyers who will be very pleased to see their new home progress,” he said.
Mr Grant said enquiry for apartments remained constant, with downsizers, families and investors all drawn to the ‘all-in-one vertical village’ concept and the array of resort-like facilities.
“Buyers are consistently telling us they’re excited about the lifestyle and the ‘high-end’ nature of Esplanade,” Mr Grant says.
“We know that projects like Esplanade help shape the face of the local area and how people live so this is an important example of how development companies can work collaboratively with planning authorities to ensure the needs of current and future residents are met and even exceeded.”
Prices started from $525,000 for a one-bedroom unit while two-bedroom apartments with parking started from $725,000. A range of premium lakefront apartments have recently been released, and the penthouse collection will come onto the market later this year.
Construction of Esplanade is expected to start in 2017.
For more information, call 1800 088 800 or visit the sales suite with a full-size two-bedroom display apartment at 11 Solent Circuit, Baulkham Hills, from noon to 3pm on Wednesdays to Sundays.
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The towers heralding a suburb’s new era

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<img src="https://www.urban.com.au/images/2016/10/27/capital-bluestone-logo-retina.png" alt="" width="312" height="74">
SPONSORED POST
Imagine walking through the front door of your brand new home: there’s spacious living areas, impressive views and no need to worry about mowing the lawn or cleaning the pool.
This is apartment living at its best.
Architect Nick Turner from award-winning firm Turner gives an insight into living at Esplanade on Norwest Lake where expansive apartments are complemented by resident-only amenities such as an infinity pool, gym, outdoor cinema, landscaped terraces as well as a waterfront retail and dining precinct on your doorstep.
What excites you most about the design of Esplanade?
A great deal of attention has been given to designing Esplanade so residents enjoy the best of both worlds – modern apartment living and the benefits that come with a low-maintenance lifestyle while literally being above vibrant restaurants and a waterfront public plaza.
We know that many people want to enjoy the benefits that come with waterfront dining and a bustling boardwalk but they also want to relax in peace in their brand new apartments. That’s why we’ve designed Esplanade so the apartments are separated from the active ground floor in elevated towers.
The apartments start on the fifth storey of Esplanade on the landscaped terrace and the towers are set back from the edges of this podium level to create a physical barrier to the activity and noise from the waterfront and public plaza below. Essentially, residents can take advantage of living in a vertical village that offers the convenience of living above retail and dining while still enjoying a relaxing and peaceful lifestyle in one of Esplanade’s sky towers. 
You’ve described Esplanade as a “vertical village”. Can you explain what you mean by that?
The all-in-one nature of Esplanade really is what helps define it as a vertical village. There is a diverse mix of apartments, a host of resident-only amenities, three levels of boutique workspaces, waterfront dining and retails areas as well as a public boardwalk: everything you need to make everyday life more convenient and enjoyable.
But I think a vertical village is about more than just the physical spaces. Esplanade has also been designed to help foster a sense of community among its residents. From the landscaped communal terrace and extensive barbecue areas, to the putting green, outdoor cinema, pool club and gym, these high-quality amenities all encourage socialisation and relaxation where neighbours can get to know each other in the vertical village.
Esplanade really allows for contemporary living where residential, retail, commercial and dining combine for better quality of life. 
Sydneysiders love outdoor living. How can Esplanade residents enjoy the Australian inside/outside lifestyle usually afforded by traditional homes?
Something quite unique about Esplanade is that each apartment has an extra-large balcony, forming a seamless transition to the outside from the internal living spaces.
We know that people in The Hills are proud of their area being known as the Garden Shire and they really enjoy the benefits of outdoor living: enjoying a glass of wine or a nice meal in the fresh air after a long day at work.
Even in the winter months, Sydneysiders don’t like to feel cooped up inside. That’s why we’ve designed the apartments to be quite spacious and wide – they are large in scale which helps promote excellent views and connections to the outside.
And don’t forget all the incredible outdoor amenities waiting for the residents on the podium level – the whole of Esplanade is their home and they can enjoy the facilities without worrying about the maintenance of traditional houses.
For more information visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a> or call 1800 088 800.
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Secrets of top apartment design

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The WA based property syndicate Primewest have listed the historic Esplanade Hotel in Fremantle.
CBRE have been appointed to steer the marketing campaign for the 46-54 Marine Terrace hotel (pictured above), which originally opened in 1897 as Fremantle’s first hotel.
Primewest are expecting to attract offers of about $110 million for the facility, according to a local paper, The Western Australian, a 20% increase on what they paid, $90 million, when they bought it from rich-lister Marylyn New in 2012.
Located on the corner of Marine Terrace and Essex Street, the building has been extensively refurbished and restored to create what is now regarded as "one of Perth’s premier accommodation and conference facility venues".
The offering contains 300 guestrooms, four food and beverage outlets and numerous conference facilities.
The property is situated over two sites and has total area in excess of 1.2ha.
Included in the sale is a 3,043 sqm site located at 7 Essex Street (pictured below), situated directly opposite the hotel, comprising 172 car bays, a 78sqm leased retail tenancy and 314sqm office.  
<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/2018/8/2/Fremantle%20Hotel%202.jpg" alt="">
Mr McGinnity commented “The opportunity to secure one of Perth’s largest hotels will ignite strong investor interest from local, interstate and international groups.
“With Fremantle being WA’s most visited tourism precinct after the Perth CBD, the sale of the Esplanade Hotel represents an outstanding opportunity to acquire a well-established operation,” Mr McGinnity added.
Mr Desange said significant investment in the Fremantle area - including a public and private development pipeline spend exceeding $1.3 billion – would have a "direct flow-on effect to the area’s tourism and retail industries".
Fremantle has not seen this level of development and investment since the America’s Cup over three decades ago.
Primewest’s founding Director, David Schwartz stated that they had invested significantly in this hotel to bring it up to modern standards.
Expressions of Interest close Thursday 6 September 2018.
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Primewest selling Esplanade Hotel in Fremantle

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A three bedroom penthouse in the Esplanade residential development on Norwest Lake in Sydney's Hills District sold for more than $3 million.
The previous sales record was $2.35 million, paid for a penthouse in the Northpoint Apartment building in October 2014.
The penthouses in the Esplanade have been dubbed vertical homes in the sky, with three-metre-high ceilings, wintergardens to enjoy the large balconies all year round and luxurious finishes.
The penthouse range is priced between $2,000,000 and $2,950,000.
Steve Grant, executive chairman, Capital Bluestone, said in the same week this record sales price was set, another three-bedroom apartment in Esplanade sold for $2.5 million.
“We’re seeing a real willingness from people in the Hills to make a lifestyle choice and opt for a low-maintenance, low-hassle way of living that comes with an apartment,” he said. 
“Over the past 30 years, we’ve built our reputation on providing high-quality developments in the Norwest area and I’m thrilled these buyers want to be a part of Esplanade and trust that we’ll deliver an enviable place to call home.
“Esplanade offers second-to-none features like an infinity pool and spa, an outdoor cinema, lush landscaped areas for socialising and relaxing, cabanas, barbecue areas and a gymnasium – so I think these buyers have recognised the rare opportunity to enjoy such a resort-like lifestyle in The Hills.
“There’s no denying there is a strong appetite for apartment living in Norwest and that’s reflected by these incredible results – people recognise a unique project and want to be at the forefront of Norwest’s transformation into a thriving urban hub.”
“The ground floor retail and dining precinct at Esplanade has been a huge drawcard as there is nothing easier than simply popping downstairs for a meal after a long day.
"We’re also finding that people are confident they’re making a good investment when they consider the Norwest Metro Station under construction is only 400 metres from Esplanade and the business park is undergoing an incredible transformation with a new shopping centre on the way.”
Two bedroom apartments available from $780,000 to $1,165,000 with three bedroom units ranging from $1,165,000 to $1,375,000. 
For more information, visit <a href="https://esplanadenorwest.com.au/" target="_blank">esplanadenorwest.com.au</a>. 
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Esplanade penthouse sales smash The Hills record

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The $280 million mixed-use project Esplanade Norwest has not just received development approval, its planned commercial spaces have sold out in record time. 
The 36 workspaces have sold between $6200/sqm and $7500/sqm – averaging $6900/sqm, well above Norwest’s average of commercial rates of typically between $4500/sqm to $5600/sqm, according to a media release.
The pace of selling created a local sales record for Norwest Business Park in the process. The properties were marketed by PRDnationwide Norwest on behalf of development manager Capital Corporation.
Managing director of Capital Corporation, Steve Grant, said, “We’re breaking sales records for Norwest only because Esplanade is offering businesses what they want: great location, integrated development with residential apartments and a dining precinct, as well as boutique workspaces.” 
Commercial buyers at Esplanade include a mix of accountants, real estate agents and doctors along with investors.
“Businesses and investors obviously see the future value of the Sydney Metro Northwest railway line and the transformation of Norwest from a business park into a vibrant urban hub which has been kick started by Esplanade that brings the live-work-recreation combination together so thoroughly.”
Grant has delivered a $700 million portfolio of 45 projects in Norwest Business Park since 1990.
The Sydney West Joint Regional Planning Panel has signed off on plans for Esplanade, where two towers, 18 storeys each comprising 247 apartments, are planned. More than 60% of released apartments were sold prior to approval. 
PRDnationwide Norwest director David Inkster said there was a social element to doing business in Norwest, because “the most productive meetings are often over a coffee or meal, making Esplanade - with its casual and formal dining options - the ideal workplace setting”. 
“And there really isn’t any other specifically-designed commercial workspaces in Norwest that come with a wintergarden overlooking the lake within a short walk to the station,” Inkster said.
“There are some 20,000 people working in Norwest right now with projections that could grow to 35,000. More than 400 companies – some among the largest in the country – base themselves here and investors will see the obvious opportunity in locating attainable urban-style living within such a successful employment centre,” added Capital Corporation’s Steve Grant. 
The workspaces at Esplanade can be designed to include outdoor rooms suitable for meetings or social work gatherings. Other features include communal meeting rooms and breakout areas. 
Construction on Esplanade is expected to start in 2017 with completion targeted for 2019.
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