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

Listings

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Boonoorong on 20 hectares outside Flinders has been listed with $1.7 million plus hopes.
It was built in <a href="https://kayburton.com.au/properties/view/307326-25-eastern-grey-rise-flinders-3929-sale" target="_blank">2003 as a holiday house</a> by owners Grant Murray and Janet Truscott who had backgrounds in engineering and science.
Energy efficiency was the priority when commissioning the build.
Kay &amp; Burton agents Meg Pell has the listing, a Sunpower Design energy-efficient property.
The couple told Fairfax Media the solar-passive efficiency of the home meant very little energy was needed to warm the home in winter, and cool sea breezes blow from the coast to cool the home in summer.
They estimated the return on investment for the photovoltaic system (which converts solar energy to electricity) to break even after 30 years.
But with the demand for energy efficient materials, they now estimate less than 10 years. 
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Solar efficient Boonoorong at Flinders for sale

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Media personality Angela Catterns has listed her Balmain terrace for September 24 McGrath auction with $2.9 million plus hopes.
Glendarra, the 1897 freestanding Victorian terrace has water views from every level, positioned opposite waterfront parkland. It has an extensive rooftop terrace, set a short stroll from Darling Street.
Catterns, who appears regularly on Channel 10 morning panel show, Studio 10, has been an active member of the local community including being commodore of Balmain Sailing Club.
“Balmain and sailing is in my blood,” she once said.
Her late father Basil – a life-member of the Sydney Heritage Fleet and son of a ship's captain – was born in Balmain in 1918. 
Radio 2UE dropped Catterns from its line up earlier this year. The terrace cost $2.2 million at 2009 Cobden Hayson auction with her partner, having been refurbished in 2000. 
<a href="https://www.realestate.com.au/property-house-nsw-balmain-120587217" target="_blank">There is now a media room</a>, plus 1000 bottle cellar with a wine fridge in the more recently renovated kitchen.
This article was first published in the Sunday Telegraph.
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Broadcaster Angela Catterns lists in Balmain

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Auctions across the capital cities fell in the first week of spring yet were higher than the same week last year, according to CoreLogic RP Data's weekend market summary for the week ending 6 September.
CoreLogic RP Data found a preliminary clearance rate of 74.9% over the weekend, up from last week's result of 73.4% 
2,272 auctions were held in the first week of spring, (down from 2,654 the previous week), with auction numbers staying well above the same week a year ago when there were 1,897 auctions. 
 
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mick.cee-iDmgDDAmu8

Spring auction numbers higher than last year: CoreLogic RP Data

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A replica of the United Kingdom's Widcombe Manor has been listed for sale in the Adelaide Hills suburb of Aldgate.
The <a href="https://www.realestateview.com.au/Real-Estate/105-milan-terrace-aldgate/Property-Details-buy-residential-9297750" target="_blank" style="line-height: 1.3em;">105 Milan Terrace</a> property has been listed through Dale Gray and Nathan Casserly at Ouwens Casserly.
The four-bedroom house flanked by an avenue of 120 year oaks and seasonal creek sits on 10,000sqm.
The property is 20 minutes from the CBD.
The graceful Widcombe mansion in the picturesque Adelaide Hills town fetched $1.55 million in 2012 having been initially listed in 2008 with $2.4 million hopes.
The parcel of land cost $250,000 in 2000.
Its facade mimics the Palladian-style Widcombe Manor, reputedly Bath's finest Georgian residence. As with the grand country house for which it is named, Widcombe comes with perfect symmetry with its Georgian sash windows.
The family who built in crica 2000 saw the Bath version in a House &amp; Garden magazine.
 
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Aldgate replica of UK's Widcombe Manor listed in Adelaide Hill

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Historic Doogallook, a 535 acre Yea farm, has been listed for sale.
The <a href="https://www.realestateview.com.au/Real-Estate/6938-goulburn-valley-highway-yea/Property-Details-buy-residential-9352712" target="_blank">6938 Goulburn Valley Highway</a> property has been listed with $4 million plus hopes through Bart O'Sullivan and Peter Hawkins at Pat Rice and Hawkins.
The 260 hectare property on the Goulburn River flats was settled by pioneer pastoralist John Cotton in 1843.
John Cotton was born at Clapham Common, London, and after he married Susannah Edwards in 1843, with his wife, four sons, five daughters and some servants set sailed for Australia in the Parkfield.
Before he emigrated Cotton, a naturalist, had published The Resident Song Birds of Great Britain.
After arrival at Port Phillip, Cotton and his family spent time at Balham Hill in the Goulburn River valley with John's younger brother, Edward, who had arrived a short time before.
In late 1843 John took up the near-by station, Doogallook, then 26,800 acres (10,846 ha) with 1800 sheep and 400 cattle.
The next year he acquired Maintoongoon, 28,000 acres (11,331 ha), on the Delatite River.
The Australian Dictionary of Biography noted that by 1846 Cotton held more than sixty square miles (155 km²) and was expected to shear 10,000 sheep.
Cotton died in December 1849, leaving a widow who died in 1852, and ten children.
The restored 1840s solid brick residence has over 50 squares under roof, retaining its Victorian pastoral period feeling.
There are five bedrooms plus study.
It was last traded 22 years ago when bought by the French family.
The property, located about one hour from Melbourne, is scheduled for October 17 auction.
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Historic Doogallook farm in central Victoria listed

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Property listings across Sydney are lower than last year, with the recent rush to the red hot auction market helping clear the decks.
There have been around 8000 new listings over the past month, with total Sydney offerings currently at around 19,000. 
Despite less population, Melbourne and Perth have more properties on sale as stock levels in Sydney are 1.5% lower than a year ago, according to CoreLogic RP Data.
A pre-spring spring listings spurt showed up in higher than usual auction volumes, but then seemingly prompted a dip in the auction success rate. Sydney’s clearance rate was down from 77.3% to 76.2% last week. 
Around 3700 Saturday onsite auctions were marketed across Sydney during August, which include 800 tomorrow.
In August 2014 the Saturday numbers were around 2250 auctions, a 65% jump in weekend onsite activity year on year.
There was also another five Saturday August in 2013 when just 2000 auctions were held.
Auctions are increasingly a popular way of selling a residential property, new research from CoreLogic suggests.
Over the last financial year some 25% of all properties advertised for sale were taken to auction across Australia’s capital cities, with Melbourne, Sydney and Canberra leading the way.
There were 380,000 dwellings advertised for sale across Australia’s capital cities over the 2014/2015 financial year, of which 84,000 were marketed as auction sales.
The proportion of auction sales has been rising since the 2008/2009 financial year when auctions comprised 16% of all dwellings listed for sale.
CoreLogic RP Data research director Tim Lawless said the rise in the proportion of residential properties taken to auction should come as no surprise given market demand has been high and buyers are highly competitive.
Melbourne is still the city where auctions are the most popular method with some 39% of all Melbourne's residential property listings taken to auction.
Sydney sits not far behind at 38%.
Queens Park tops the list with 59 out of 60 house listings being taken to auction over the period under analysis. 
Queens Park has just the one weekend scheduled auction with Belle agent Edward Brown.
Around $2.1 million is being sought for the freestanding two bedroom property at 140 Denison Street.
"It is being offered to the market for the first time in over four decades," Edward Brown said.
Sydney's busiest auction suburb tomorrow is Liverpool followed by Blacktown and Surry Hills.
Liverpool's auction including four newly constructed homes on Apex Street through Darren Smith, Community First Liverpool.
This article was first published in The Daily Telegraph
 
 
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Sydney auction numbers rise, but listings reduce

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The Banora Central Shopping Centre, south of the Gold Coast, is up for sale through an expressions of interest campaign ending 17 September.
The 13,340sq m site on the corner of Leisure Drive and Fraser Drive at Banora Point, was built in 2007 and features a Coles supermarket, three specialty shops, one kiosk and two ATMs and extensive partly covered grade-level parking. 
The property is being sold through Jon Tyson of Savills, who said approximately 67% of the centre’s gross rental income securely leased by national brand blue-chip tenants, Coles, BWS, Westpac and Suncorp.
“This property is trading well and presents an attractive investment, given the small number of tenants dominated by strong line-up of national operators. The high-exposure corner site provides easy customer access and is well-positioned to capitalise on the future population growth flowing from major new residential development in the area,” he said.
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Gold Coast's Banora Central Shopping Centre for sale

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The big players in the property sector started delivering their results to the market last week, with the themes of rising valuations for prime property, tightening capitalisation rates and strengthening markets in Sydney and Melbourne offset by slower conditions in Perth and Brisbane.
The residential market was in the spotlight with diversified property company, Mirvac Group, reporting an operating profit of $454.8 million, up 4%, and a record $2 billion in pre-sales from its residential division. 
The group, which has a significant residential development business focused largely on the apartment market, said it had already secured 67% of its expected 2016 development earnings before interest and tax and 57% of its 2017 budget amid strong demand. 
However, chief executive Susan Lloyd Hurwitz said conditions in the buoyant Sydney market were reaching their peak and conditions were mixed across the country. She warned government measures to slow investor spending on property could have a detrimental effect on the housing market. 
Industrial property specialist, Goodman Group reported it had benefited from strong residential markets by selling $1.1 billion worth of non-core industrial land to residential developers for urban renewal projects.
Chief executive Greg Goodman said the group held land across Sydney that was in high demand for rezoning for residential uses. He expected urban renewal activities to become a significant source of capital for the group to invest in industrial developments and selective acquisitions. 
Goodman Group reported a full-year operating profit of $653 million, up 9% on the 2014 financial year. 
“This equates to over 7% growth in earnings per security, largely driven by growing development volumes, which has seen our work book increase to over $3 billion, and robust activity across our stabilised portfolio, with net property income growth of 2.5% and occupancy maintained at 96%,” Goodman said in a statement to the Australian Securities Exchange.
The group, which owns and develops industrial and logistics properties in several countries, forecast operating earnings per security would increase in fiscal 2016 by 6% to 39.4 cents. It forecast it would pay out distributions of 23.8 cents per security. 
Dexus Property Group agreed the outlook for industrial property was solid. It reported one-year returns of 11.3% in its industrial portfolio, up from 9% in 2014, although it noted that performance across sub-sectors was varied. 
Dexus, which is concentrates on the prime office property market, reported an increase of 9.3% in Funds from Operations on a per security basis in 2015 compared with the 2014 financial year. 
The group was upbeat about the outlook for the Brisbane office market, and reported Sydney and Melbourne’s markets had come back into balance. 
Vacancy levels in Sydney were expected to rise in 2016 to peak around 9.7% as new supply at Barangaroo came to market, but then fall sharply in 2017 and 2018 to around 6.5% due to a lack of new supply, significant withdrawals, and continuing improvement in demand. 
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Big property players deliver financial results

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One of the properties that generated the most interest this week on realestateview.com.au is a five bedroom home on 527 sqm in the western Sydney suburb of Kellyville Ridge.
The property,<a href="https://www.realestateview.com.au/Real-Estate/34-taradale-drive-ropes-crossing/Property-Details-buy-residential-9317714" target="_blank"> 3 Vinegar Hill, Road Kellyville Ridge</a> has a resort style backyard offers a large undercover pergola area with built-in bbq and bench space, plus a timber decking area with a 2.4m x 4.5m swim spa.
The property goes to auction at 2pm, Saturday September 5.
<img src="/images/2015/08/14/700_vinegar.jpg" alt="">
 
 
A one bedroom Richmond Victoria apartment is generating huge interest with potential investors, according to realestateview.com.au.
<a href="https://www.realestateview.com.au/Real-Estate/34-taradale-drive-ropes-crossing/Property-Details-buy-residential-9286164" target="_blank">1/87 Westbank Terrace, Richmond, Victoria</a>, has a private courtyard, an outdoor decking with french doors and open plan kitchen.<a href="https://www.realestateview.com.au/Real-Estate/34-taradale-drive-ropes-crossing/Property-Details-buy-residential-9286164" target="_blank"></a>
It goes to auction at 1pm, Saturday August 29 with a price guide of between $450,000 to $470,000.<a href="https://www.realestateview.com.au/Real-Estate/34-taradale-drive-ropes-crossing/Property-Details-buy-residential-9286164" title="Add to your calendar"> </a>
<img src="/images/2015/08/14/700_richmond.jpg" alt="">
 
 
A five bedroom at <a href="https://www.realestateview.com.au/Real-Estate/lot-15-moontongue-drive-gol-gol/Property-Details-buy-residential-9201008" target="_blank">196 Fagans Road, Lisarow, NSW</a>, is also one of the most clicked homes on realestateviews.com.au this week.
The five acre property has an open plan lounge and dining room, separate rumpus room, office/study and library room, as well as an in-ground heated swimming pool.
It is currently listed for sale with a price guide of around $960,000. <a href="https://www.realestateview.com.au/Real-Estate/lot-15-moontongue-drive-gol-gol/Property-Details-buy-residential-9201008" title="Add to your calendar"></a>
<img src="/images/2015/08/14/196-Fagans-Road-Lisarow-NSW-2250-Real-Estate-photo-2-large-9201008.jpg" alt="" width="641" height="428">
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Kellyville Ridge listing catching most clicks: Realestateview.com.au

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The Springfield, Adelaide trophy home owned by one of Australia's richest young businessman, has been listed for sale.
It is expected to break the South Australian real estate price record for Ross Makris.
Beachside Glenelg home, Stormont, set the state residential record when it fetched $6.5 million in 2010.
The home at 9 Hillside Road, Springfield last traded in 2008 for $4.2 million.
The 2209-square-metre estate has been listed by Adcorp Property Group agent Joe Oppedisano.
Mr Makris, a property developer, made the Adelaide social pages last year when he married 2003 Miss World Australia, model Olivia Stratton.
He is the son of shopping centre tycoon Con Makris, who made his early money in chicken shops.
The Springfield mansion's former owner, Peter Hurley bought the land in 1997 for $420,000.
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