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

Heritage Building

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One of few institutional grade heritage assets in Brisbane’s CBD has hit the market. 
The property at 308 Queen Street and 88 Creek Street has been listed for sale via expressions of interest campaign. 
 JLL’s Seb Turnbull and Luke Billiau have been appointed sell the property. 
“Demand for quality CBD assets remains at an all-time high in Brisbane. Sub $100 million opportunities are rare in the Golden Triangle and assets on the most prominent corner in the Golden Triangle are even rarer,” JLL’s Seb Turnbull said. 
“Brisbane has been the most active commercial market in 2019, primarily due to its relative value proposition compared to the southern states, as well as the strong leasing market outlook underpinned by the $12.7 billion infrastructure spend in the CBD alone.”
The building was built in 1885.
It underwent a major repositioning in 2008, which included the addition of the boutique A-Grade tower at 88 Creek Street, bringing the asset’s total NLA to 4,501 square metres. 
The property has only been offered to the market once before.
JLL’s Luke Billiau noted that the asset is underpinned by a diverse mix of income from a number of quality tenants in both the retail and office accommodation.  
The building is close to the Queen Street Mall. 
308 Queen Street has the benefit of the integrated 88 Creek Street that offers modern A-Grade standard of accommodation.
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Brisbane CBD heritage building listed for sale  

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Zetland, an intact Hawthorn home that dates back to its design by architect William J. Ellis in the 1870s, has been sold.
In need of a full scale renovation, it reportedly fetched between $3.4 million and $3.7 million, which was its price guidance. 
It was bought by a local family with four bidders at its private auction.
Set under a slate roof, Zetland is a Victorian villa that contributed to the standing of Hawthorn's river-side precinct.
<a href="https://www.realestate.com.au/property-house-vic-hawthorn-130958986" target="_blank">The Yarra Street home </a>was an early sign of the affluent housing push which consolidated Hawthorn as a most desirable garden suburb.
<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/2019/5/29/hawt%202.jpg" alt="">
Zetland was heritage listed on the Victorian Heritage Register in 1980 and on the national register in 1991.
The 1870s were a busy time for Ellis, who was putting the finishes to the Fitzroy Town Hall tower.
There were also alterations for Studley House, Kew for James McEvoy, the Riverina squatter.
<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/2019/5/29/hawt%203.jpg" alt="">
Ellis, who was also working for brewer Edward Latham on the Carlton brewery site, ran a successful architectural practice until the 1880s, concluding with the design of the Italianiate Queenscliff hotel, Ozone formerly known as Baillieu House, and Manresa, the Catholic presbytery at the Church of Immaculate Conception on Burwood Road, Hawthorn.
He also designed Bankside, the home next door to Zetland, which last sold in 2005 at $1.76 million. It had an $900,000 renovation approved in 2012.
Zetland, that sits on 980 square metres, comes with rare seven-arch arcaded ornamental ironwork verandah and balustrading.
Its seven rooms, including four bedrooms, come with all its period features, including wide arched hallway, marble open fireplaces, timber floors and even the servants bells.
At the rear of the property is the original Hawthorn brick stable which has been converted to a garage.
The Yarra Street subdivision, one of the earliest streets in Hawthorn, saw two adjoining allotments pass from the subdivision entrepreneur George Coppin to police detective Charles Black, who commissioned two similar houses.
It was the Lerwick, Shetland Island-born accountant John Robertson who bought the home in 1876 following Black's death and named it Zetland. He and wife, Robina had eight children. 
Zetland, which was then valued at 60 pounds on completion, remained in the Robertson name until 1914, when it was valued at 66 pounds. It had peaked at 95 pounds in the late 1880s before the depression.
Elberfeld, another early Victorian villa, secured an award in the 2018 Boroondara Urban Design Awards. 
Located on Lisson Grove, architect Jane Riddell redesigned the 1876 home for her client with a rear floating pavilion to sit in John Patrick landscaped gardens with a low-maintenance Japanese aesthetic.
The council records showed the renovations were costed at $1.3 million after its $3.1 million purchase in 2014.
Its names reflected the Püttmann family's German origins.
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1870s heritage Hawthorn home Zetland sold

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Horningsea Park, the intact early Georgian house built for Battle of Waterloo veteran and pastoralist settler Lieutenant Joshua Moore, has been listed for sale for the first time in 20 years.
<a href="https://www.realestate.com.au/property-house-nsw-horningsea+park-129193310" target="_blank">The 1839 heritage-listed, convict built mansion</a> overlooks a housing development. 
It was once the rental home in the 1840s to the explorer Count Paul Strzelecki, credited as discovering and naming Mount Kosciusko.
Horningsea Park was one of Governor Lachlan Macquarie's large pastoral grants made following the establishment of Liverpool in the 1810s.
The 500 acre property was granted to Moore conditional on 50 acres being cultivated within five years.
The Moore family sold Horningsea in 1855 to clear debts from the 1840s depression. The derelict house was classified by the National Trust of Australia in 1976, and saved from demolition after intervention from the Minister for Planning with a permanent conservation order coming in 1983. 
Offers over $3 million are being sought by Ray White Macarthur agent Brendan Lappan for the 9089 square metre holding which comes with massive Bunya pines and Moreton Bay Figs.
Dr David Webster, company founder and managing director of WebIT/ListOnce and wife Samantha plus their three school age children, have called Horningsea Park House home during which they installed an extension designed by heritage architect Howard Tanner.
This article first appeared in The Sunday Telegraph. 
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Heritage-listed 1839 Georgian mansion Horningsea Park listed

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The Ramsay Centre for Western Civilisation has leased Horbury House, a Macquarie Street building in the Sydney CBD, for its new headquarters.
The heritage offices at 171 Macquarie Street are owned by UK businessman Sir Martyn Arbib. The offices are his family's only known Australian investment. They cost $5.35 million in 2005.
Built in 1842, the Georgian style, three storey building has just undergone a full refurbishment.
The newly launched centre, which supports arts and humanities teaching at universities, signed a five-year lease on confidential terms.
<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/2017/12/5/RamsayCentrePaulMcMillan.jpg" alt="" style="font-size: 12.16px;">
Colliers International's Tom Buxton handled negotiations.
Horbury House is a combined pair of three storey terraces with a basement, originally part of a terrace of seven residences extending from the corner, and part of a continuous streetscape of terraces.
They are one of the last residential terraces in Macquarie Street and are set between a 1970s office development and a 1940s office building.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentreSketch.JPG" alt="" style="font-size: 12.16px;">
The Macquarie Street building is of historic, aesthetic and social significance as a rare surviving colonial city terrace retaining its external form and indicating the type of development that characterised Macquarie Street in the mid-nineteenth century.
Only the facade and some roof framing survive from the 1842 building constructed for Ousley Condell.
<img src="https://www.urban.com.au/images/2017/12/5/RamsayCentre2.JPG" alt="">
It was named after Horbury, an area in England.
From the 1890's its access to Sydney Hospital made the terrace an ideal site for surgeon's professional rooms. More recently, as the medical character of the street changed, it has been used as company offices.
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Ramsay Centre for Western Civilisation leases Macquarie Street Georgian relic, Horbury House

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Two residential properties in the historic suburb of Millers Point, including Sydney’s first ever walk-up apartment building and an entire row of period terrace duplexes, will be sold through auction on December 14.
There is a price guide of $9 million to $9.5 million, which will be the second most expensive Millers Point disposal, after a block of 12 apartments at 44-48 Merriman Street and 56-62 Bettington Street sold for $12.3 million in 2016.
They are being sold off by Property NSW on behalf of Family and Community Services as part of the Millers Point sales programme to fund social housing. So far, the sales have delivered more than $467 million.
As of August, 655 new social housing dwellings have been completed and 422 dwellings are under construction, Property NSW said in a media release.
‘Stevens Buildings’ at 73 Windmill Street (picture above) is of architectural importance and is recognised by the NSW Trust as the first residential apartment building to be constructed in NSW.
Designed by renowned architect Joseph Alexander Kethel (1866-1946), the heritage building sits on a 1,802 sqm site and comprises 11 apartments (nine x one bedroom and two x two bedrooms) capturing views of the Sydney Harbour Bridge, Garrison Church and Observatory Hill.
It was built in 1900 as a boarding house on the site of the former ‘Live and Let Live Hotel’ and was the first walk-up block of flats in Sydney.
Some apartments offer dual aspect and flow through. All have open balconies with the ground floor with its own courtyard.
The other building, 74-80a High Street, comprises eight two-bedroom period terrace duplexes divided into two blocks each comprising four apartments on a 539 sqm island site. 74-80a High Street is expected to fetch about $8 million to $8.5 million.
The block is one of a group of early twentieth century workmen’s apartments built by the Sydney Harbour Trust in the early 1900’s.
<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/2017/11/10/74-80aHighSt.jpg" alt="">
There is scope to transform the apartments to their original condition, subject to Conservation Management Plan (CMP). The solid brick construction boasts deep verandahs, spacious kitchens, living and dining areas, with the first floor duplexes also comprising roof-top drying terraces with panoramic views across Barangaroo, Balmain and Darling Harbour.
Both addresses will be sold in one line (separately) via public auction through Robert Lowe and David Hickey of Savills Australia and Richard Shalhoub of Sotheby’s International Realty on behalf of Property NSW.
“This is a truly unique occasion for investors and developers alike to own a piece of Sydney’s rich heritage” said Robert Lowe of Savills.
Richard Shalhoub of Sotheby’s International Realty added that there was potential to transform the 1900’s historical masterpiece ‘Stevens Buildings’ into luxurious residences.
“There is actually tremendous scope to restore and transform both assets which are zoned as R1 General Residential, which will provide housing needs for the community and maintain the existing land use pattern of predominately residential use and we expect interest from both local and offshore investors and developers” he continued.
Separately, McGrath Estate Agents have also started marketing the following properties that are to be auctioned on December 6:
<ul>
<li>40 Merriman Street - one bedroom terrace</li>
<li>42 Merriman Street terrace - one bedroom terrace</li>
<li>125 Kent Street - four-bedroom terrace</li>
<li>46-48 Argyle Place - five-bedroom terrace</li>
<li>88 Kent Street terrace - four-bedroom terrace</li>
<li>61 Windmill Street terrace  - three-bedroom terrace</li>
<li>70-72 High Street - block of four apartments, each with 2 bedrooms</li>
</ul>
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Sydney’s first walk-up block of flats for sale in Millers Point

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The Kirby family, founder of cinema chain Village Roadshow, is selling its two Mornington Peninsula cinemas.
The market expectations are in excess of $10 million.
The offering included the historic 1894-built Sorrento cinema on Ocean Beach Road, which the Kirby family has owned for more than 70 years, and the more modern multi-screen complex in Rosebud.
The Sorrento cinema was originally called the Sorrento Athenaeum Hall - the home of travelling shows with performers appearing during the summer holidays. 
The larger Rosebud cinema is on a 2800 sq m site on Rosebud Parade with seating for 792 people across a five-screen cinema complex
CBRE has the listing with local agency Prentice Real Estate, with Charter Keck Cramer acting as transaction adviser. 
Village Roadshow was founded by the late Roc Kirby who turned a small family-run cinema business on the Mornington Peninsula into an entertainment giant, taking it public in 1989.
His sons Robert and John are on the board of Village Roadshow.
Both Mornington Peninsula cinemas are being offered for sale with 10-year lease terms to local cinema chain Peninsula Cinemas, which also has ties to the Kirby family.
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Kirby family to sell Sorrento cinema after seven decades, but retain leaseback

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Development firm Match won two awards at the 2017 Western Australian Heritage Awards for work rebuilding Fremantle’s iconic Dalgety Wool Stores into residential industrial warehouse apartments.
The heritage restoration project, worth $130 million, won the  ‘Conservation or Adaptive Reuse of a State Registered Place’, and the prestigious Gerry Gauntlett Award.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.10%20AM.png" alt=""> 
The development, named Heirloom, kept over 85 percent of heritage fabric across 183 apartments and included the rebuild of the saw tooth roof.
The site had been unused for 20 years.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.06%20AM.png" alt="">
Managing Director of parent company M/Group, Mr Lloyd Clark, said to be honoured so significantly at the Western Australian Heritage Awards is a credit to the tireless work of the entire project team, who left no stone unturned to make this building as special as it now is. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.01%20AM.png" alt="">
“Match is in the business of developing signature properties," he said.
"It is our firm belief that people want more from their homes, and today new apartment owners are creating their own space amidst 100 year old Jarrah beams and original heritage features. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.25%20AM.png" alt="">
“Drawing on our experience with heritage renewals, we knew from the outset that this project would present challenges, however we also saw it as an extremely important opportunity.
“Heirloom is unquestionably Match’s most significant development project in the company’s 16 year history.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.37%20AM.png" alt="">
"Its location close to Fremantle’s café strip and between the river and the beach is ideal, and it has helped to activate the City of Fremantle’s plans to extend Fremantle’s activity centre into its eastern corridor gateway."
Mayor Brad Pettitt said the Fremantle Council said t’s hard to imagine a better result than what we now see at Heirloom. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.45%20AM.png" alt="">
"After being tired and run down for decades, the east end of Fremantle has become a very attractive place to live and work," he said.
"The Heirloom development has been a major driver in this ongoing transformation."
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.55%20AM.png" alt="">
The project was developed in collaboration with capital joint venture partner, Sirona Capital. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2011.02.36%20AM.png" alt="">
Heirloom features apartments from $450,000 and two-bedroom apartments from $650,000, with a limited number of harbour facing Lofts available from $950,000. 
The Heirloom display apartments are open by appointment. For more information visit <a href="https://www.heirloombymatch.com.au/" target="_blank">www.heirloombymatch.com.au</a>.
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jonathanchancellor-7SQnKwU6yx

Heritage awards for massive restoration of Fremantle's iconic Dalgety Wool Stores

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The Pontiac Land Group from Singapore has been awarded the rights to develop the two heritage sandstone buildings in Sydney's Bridge Street.
It will become a $300 million, 240-room luxury hotel after the leasehold sale by the NSW Government.
The developer secured the long-term lease of the former Lands Building at 23-33 Bridge Street and the 1915 Education Building at 35-39 Bridge Street.
The property portfolio of the billionaire Kwee family already includes luxury hotels, the Ritz-Carlton Millenia and the Regent Four Seasons hotel in Singapore.
It will pay $35 million for the 103-year lease of the 19th century landmarks. 
"This flagship hotel is all about making smarter use of our property assets. Proceeds from the lease will be reinvested in infrastructure, and there will be substantial savings to NSW taxpayers on avoided maintenance," NSW Minister for Finance, Services and Property, Dominic Perrottet said.
"Importantly, these iconic heritage assets will be enjoyed by locals, tourists and visitors, rather than just being used as offices for bureaucrats." 
A concept plan approved by the NSW Planning Department allows for up to three additional storeys on the Department of Education building which lies between Loftus and Young streets. 
Construction is expected to commence after the buildings are vacated in 2018.
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