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

Mosman

A local developer has lodged plans for an apartment project in the Sydney's affluent suburb of Mosman.&nbsp;

The development, at 5 Brady Street near Spit Junction and Bridgepoint Shopping Centre, is currently home to a four-storey former aged care facility, which will be retained in the $16.3 million development, with intentions to reduce the existing height and bulk of the building, in addition to internal wall alterations to accommodate the proposed apartments.&nbsp;

The proposed development intends to reduce the height and the bulk of the existing building, with alterations to the internal walls to accommodate the proposed apartments.&nbsp;

Just 13 apartments will be constructed across the 1516 sqm site, with two two-bedroom and 11 three-bedroom residences.&nbsp;

Multi-disciplined design practice PBD handled the architecture for the project, with Managing Director, Paul Buljevic, noting in the group’s design statement that the proposal reflects the current market demands in Mosman.&nbsp;

Taking inspiration from its locale, the building takes on a restrained palette, with brick and metal cladding donning the exteriors, with screens and battens adding an elegant finish.&nbsp;

The elevations have been varied throughout, responding to sun, views and the setbacks within the building, with foliage and landscaping spilling over the edges.&nbsp;

The apartments have been designed to maximise the building’s north-facing aspect, inviting natural light and cross flow ventilation in.

“Apartments are open plan in design providing a free flowing living quality with generous open space for occupant flexibility," the report stated.

Each will connect to a private open space, with the ground floor apartments benefitting from external courtyards which are oriented toward the street, promoting further street activation.&nbsp;

<img alt="Mosman" data-entity-type="file" data-entity-uuid="48cac8ba-449d-4177-9040-f07a29409a61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-25%20at%209.18.54%20am.png?VersionId=dUuqLlApTYvhF1w7rreG5VsEtEfKy4YM" /> 
An aerial photograph of the site and surrounds showing the heritage items in the vicinity. Source: Mecone Mosaic 2021 
&nbsp; 
A close collaboration with Ground Ink Landscape Architects has resulted in extensive planting and trees throughout. The original landscaping to the front of the building will be retained, maintaining the site’s current street character, while the north-west boundary will have additional deep planting, providing privacy to the building as well as solar shading in the summer months.&nbsp;

Drawing upon the unique heritage of the neighbourhood, predominantly native planting has been utilised throughout, blending the boutique building into the streetscape.&nbsp;

Lush landscaping will be incorporated across each of the common areas as well, with the ground floor and rooftop communal space brimming with greenery.&nbsp;

Crowning the building will be an exclusive four-bedroom apartment, set across two levels, with an extended balcony space alongside the communal rooftop deck, complete with alfresco dining/seating and a spa.&nbsp;

Future residents will be within close proximity to a range of everyday essentials, including public transport, supermarkets, recreation and leisure facilities and schools.&nbsp;

[smartcode_project_cta:default project_id=138316]

Just 13 apartments will be constructed across the 1516 sqm site, with two two-bedroom and 11 three-bedroom residences

alisonwarters@gmail.com

First look: Plans lodged for boutique apartment development in Sydney's Lower North Shore

The now national apartment developers,&nbsp;Sun Property Group, are heading back to Sydney’s Lower North Shore for their latest residential project, with plans submitted for a nearly 1600 sqm site in Mosman.

The group has previously developed in the area, with their award-winning central junction apartments, Ashton - which were named in honour of artist and teacher Julian Ashton – also in Mosman, along with projects across Cremorne, Lane Cove and Willoughby.

SPG’s latest acquisition at 64-66 Spit Road is the home of the old Mosman Post Office, which will be transformed into 34 luxury apartments, along with retail tenancy space.

<a href="/new-apartments/mosman-nsw-2088"><img alt="" data-entity-type="" data-entity-uuid="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-23_at_4.37.29_pm.png" width="1582" /></a>

Render of the proposed apartment building at 64-66 Spit Rd, Mosman. Credit: a+ design group

Sydney-locals, A+ design will handle the design of the mixed-use site that SPG say will be developed to suit the owner-occupier and local business owner.

A mix of one, two and three-bedroom apartments will be on offer, ranging from 80 sqm to 125 sqm internally.

Each adjoins to generous winter gardens, which have been designed as an extension of the living spaces, so that views and outdoor living can be maximised.

Crowning the building will be a communal residents’ area, complete with dining space and seating areas, basking in landscaped gardens and greenery.

<a href="/new-apartments/mosman-nsw-2088"><img alt="" data-entity-type="" data-entity-uuid="" height="726" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-23_at_4.38.06_pm.png" width="1277" /></a> 
Render of the proposed apartment building at 64-66 Spit Rd, Mosman. Credit: a+ design group

The $28 million project will add to a growing list the group currently has in their pipeline.

Currently under-construction and designed again by a+ design, SPG will soon deliver a collection of apartments to Lane Cove, with, Lane Cove Central, along with 19 two and three-bedroom apartments at Neutral Bay with, Bala.

SPG recently branched out into the Melbourne market with Euroka in Toorak, one of Melbourne's blue chip suburbs.

[smartcode_project:default project_id=109759 project_image_fid=185211]

Euroka&nbsp;is inspired by Melbourne’s iconic Roy Grounds House – once home to one of Victoria’s most influential modern architects.

The renowned architect and design firm,&nbsp;Carr Design, has created the 10 luxury apartments, which includes two ultra-luxury penthouses.

They have another site in Toorak at 226-228 Williams Road which will also home&nbsp;a boutique apartment project.

Earlier this year they secured a Chatswood site with a view to create two towers and around 180 apartments.

A mix of one, two and three-bedroom apartments will be on offer, ranging from 80 sqm to 125 sqm internally.



Sun Property Group head back to Mosman to deliver their latest set of residential apartments

Set in the heart of one of Sydney&rsquo;s most prized harbour enclaves, Ashton is a brand-new addition to the Lower North Shore.

Located on Spit Road, this private sanctuary is the epitome of luxury with 14 residences meticulously planned.

Designed by a+ Design Group, Ashton was the winner of the Sydney Design Awards 2020.

Urban takes a look at five reasons you should consider an apartment at Ashton.

1. Developed by Sun Property

[smartcode_project:default project_id=29139 project_image_fid=82423]

Since its inception in 2010, Sun Property has grown an enviable portfolio of projects, specialising in premium boutique residences and mixed-used developments across Sydney&rsquo;s Lower North Shore.

The developers create engaging places that boast exceptional urban amenities and a quality lifestyle.

Sun Property is a property development company which is dedicated to the creation of quality residential projects

2. Luxurious Residences

[smartcode_project:default project_id=29139 project_image_fid=82424]

Graceful in design and presence, each of the boutique apartments beautifully captures the essence of Mosman&rsquo;s proud cultural heritage.

The architects, a+ Design Group, have tailored the space with light, geometry and proportion, with a unique identity and careful considerations.

The Hamptons-inspired interiors provide a canvas for each residents&rsquo; personal flair.

3. Lower North Shore Location

[smartcode_project:default project_id=29139 project_image_fid=82425]

Ashton sets a new standard for burgeoning developments in Mosman, with a prime position delivering convenience and a community feel.

The development is surrounded by the backdrop of Sydney Harbour and its national park and is just footsteps from the vibrant Mosman village scene.

This includes its beaches, art galleries, grand historic homes, caf&eacute; culture and direct transport to Sydney&rsquo;s CBD.

4. Impressionist-inspired Architecture 

[smartcode_project:default project_id=29139 project_image_fid=82426]

Ashton&rsquo;s architecture is influenced by the narrative of an impressionist painting.

The project is named in honour of Julian Ashton, a well-established artist in both oils and water-colour known for his romantic figure-paintings and his Australian landscapes.

Artists&#39; camps flourished around Sydney Harbour in the 1880s and 1890s, mainly in the Mosman area making it &quot;Australia&#39;s most painted suburb&quot;, and its iconic shoreline has captured the hearts of many of Australia&rsquo;s most famous artists.

5. Resident Amenities

[smartcode_project:default project_id=29139 project_image_fid=82421]

The Mosman development features communal amenities for its residents and generous living areas.

Apartments flow into an expansive outdoor terrace or wintergarden, as well as a rooftop garden with views overlooking Sydney and Mosman&rsquo;s surrounding streets.

Among its other features include ground-floor commercial space, basement parking, lift access and full security.

Residences in the complex begin from just $845,000.

Located on Spit Road, this private sanctuary is the epitome of luxury with 14 residences meticulously planned

max.kwok_55688

Five reasons to secure a Sydney apartment at the exclusive Mosman residence, Ashton

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Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse. 

The Moruben Road penthouse sold last in 2004 at $2.05 million having first traded in 2002 on completion at $1.85 million. 

Mosman's median apartment prices sits as $1,002,500, with realestate.com.au calculating units typically rent for $550 per week with a rental yield of 2.9 percent. 

Based on five years of sales, Mosman has seen a compound growth rate of 2.9 percent for units.

Selling agent Jonathon De Brennan marketed the three bedroom, two bathroom apartments as the “jewel in a prestigious boutique complex” of six apartments. 

[smartcode_project:default project_id=7758]

It came with two car spaces.

It came with Middle Harbour views from its Balmoral Slopes location. 

The tightly held block’s last sale was $2.7 million in 2016. 

The neighbouring penthouse last traded at $1,805,000 in 2003.

Sydney saw a 96 percent success rate at weekend auctions, according to Realestate.com.au. 
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Sydney had the priciest advised weekend auction sale when $5.01 million was paid for a Mosman penthouse. 

jchancellor

Mosman apartment sells at $5.01 million

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Electra Wiggs, the wife of the private equity veteran Peter Wiggs, has spent $7.75 million on a waterfront reserve home in Cilfton Gardens in Mosman.

And in doing so have expanded their footprint on the exclusive Iluka Road. The couple have owned the home next door since paying $3.9 million in 2005.

The mid 1910s manor, on the foreshore of Taylors Bay, was being sold for the first time since 1937 and was marketed as being ready for a restoration or reinvention. 

<img alt="" height="1307" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/wiggs_mosman_2.jpg" width="2000">

Retaining its original grandeur, the Federation home sits in tiered gardens and is fronted by a Tallowwood veranda with views of Taylors Bay and the Eastern Suburbs.

There are a number of formal rooms, all with patterned ceiling details, as well as five bedrooms and two bathrooms.

Peter Wiggs, who founded Archer Capital in 1997 and is the chairman of Supercars, and Electra emerged as the $21 million buyers of an apartment t in The Bradfield at McMahons Point, which was completed earlier this year. The 2016 off the plan sale is the highest in the north shore, doubling the previous $10.5 million high.

Wiggs spent a turbulent 37 days on the board of Rugby Australia earlier this year before quitting despite seemingly being primed for the chairmanship.

<h2>Properties selling now in NSW:</h2>

[smartcode_project:default project_id=7317]

[smartcode_project:default project_id=6201]

[smartcode_project:default project_id=7758]
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Electra Wiggs, the wife of the private equity veteran Peter Wiggs, has spent $7.75 million on a waterfront reserve home in Cilfton Gardens in Mosman

Private equity veteran Peter Wiggs buys next door neighbour in Mosman

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No signs yet of its listing, but agents will soon get the chance to take the Mosman home Michael Gu, the founder of the collapsed property group iProsperity, to a spring sale.
Gu paid $10 million for the mansion back in 2017, but has recently quit Sydney after gaining an overseas travel exemption, despite allegedly owing investors $350 million.
IProsperity’s liquidator, Cor Cordis, is understood to have sold Gu’s Rolls Royce Wraith for $502,000 with just 1039km on the clock.
<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/2020/8/25/mosman%202.jpg" alt="">
The luxury Mosman market is strong.
There was a $20m-plus midweek sale of the Alex Popov-designed home of childcare mogul Brendan McAssey and his wife Elizabeth, who are off to Luggie Bank at Mittagong in the Southern Highlands.
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The four-bedroom home, reportedly rented by inter­national superstars David and Victoria Beckham when they came to Sydney in 2018 for the Invictus Games, traded at $17,349,691 in 2016 when bought from Donna Doyle.
This article was first published in the Sunday Telegraph. 
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iProsperity's Michael Gu readying Mosman house listing

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There has been a $20 million-plus sale of a Mosman trophy home, which was reportedly rented by international superstars David and Victoria Beckham when they came to Sydney in 2018 for the Invictus Games.
The home sold just 72 hours after it came to market.
The Mosman residence designed by architect Alex Popov was sold by childcare mogul Brendan McAssey.
It was being offered off market to buyers in recent months after McAssey and his wife Elizabeth decided to move to the Southern Highlands.
The last time the four-bedroom home on 849sqm at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-134256882" target="_blank">26 Plunkett Rd</a> sold it took 143 days marketing to find its 2016 buyer.
It was sold by the founder of the Only About Children childcare company Brendan McAssey, who paid $17,349,691 in 2016.
The price guide before this week's sale was $20 million to $22 million.
 
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David and Victoria Beckham's Mosman rental sold

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Pharmacists Gary and Mary Smoker have relisted their Mosman trophy home, Ardagh.
It was last up for sale five years ago when it had initial $15 million hopes.
There have been only five owners in a rich 110 year history.
Set on 2700 square metres, the seven-bedroom Federation mansion with pool and tennis court was built in 1905.
In 1922 it was bought by former British trade commissioner John Adamsand his wife Gwynneth who sold it in 1964 to pianist John Champ.
Smoker, a former Mosman alderman, bought the Prince Albert Street property in 1993 for $1.7 million. 
Richard Simeon has the curren t listing of the Prince Albert Street home, marketing it as the largest federation tennis court estate in Mosman.
The local developers Smith &amp; Cabban built Armagh and around 125 superb federation houses and estates across Mosman.
Simeon has sold four of the remarkable estates.
By way of example Simeon, of Simeon Partners, points to the nearby Smith &amp; Cabman-Built mansion Curraweena on 2238 square metres he sold to hedge fund manager Paul Henry in 2009 for $13.2 million.
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Ardagh, the Mosman trophy home relisted again

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Agent Stefon Bertram has joined Belle Property Mosman as a partner in the business alongside long-serving principal Tim Foote. 
Bertram, who has been in real estate for more than a decade, built a name for himself at his previous agency, McGrath Ryde, ranking in the Top 100 agents in Australia for the past four years.
He currently ranked 17th in the country and ranked as one of McGrath’s top five agents, nation-wide.  
Belle Property Mosman, Tim Foote said Stefon was the first key partner in the Mosman-based business.
He took ownership of Belle Property Mosman in 2007.
"Our partnership with Stefon is our next stepping stone,” said Foote. 
Belle Property CEO, Peter Hanscomb said he is thrilled to welcome Stefon.
Bertram thanked his clients in an email from McGrath for their support since his start in the area in 2007.
"Over the years I have helped over 1000 locals with their property goals either buying or selling.
"I trust all my clients are in excellent hands assisted by my former business partners Michael Dowling and James Jin."
"When the opportunity came up to become a key partner at Belle Property Mosman lead by one of the most trusted names in real estate across the past 20 years being ‘Tim Foote’ this made a difficult decision feel right."
Bertram finished his time at McGrath in their Top 5 Agents Australia-wide. 
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Stefon Bertram joins Belle Property Mosman

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A water-view Mosman mansion sold at auction through Simeon Partners estate agents Richard Simeon and Adette Cao on March 6, 2020.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-132985494" target="_blank">Bullecourt Avenue property</a>'s final price is confidential, states Mr Simeon, but "I can say that it sold comfortably in the price guide of $5 million to $5.5 million." 
The five-bedroom, four-bathroom home features a self-contained private accommodation all on one level with a wraparound balcony, water-facing open plan living and dining zones. 
Rebuilt in 2000, the three-storey home has a classical touch, showcasing an in-wall gas fireplace in the lounging area, Juliet balcony in the Master suite.
The 506 sqm block has an easy-care, small level garden, entertaining terrace, and a large resort-style swimming pool embraced by foliage and sundecks with an outdoor shower.
Indoor, the house is fitted with engineered American Oak floorboards, plantation shutters and a home theatre with integrated sound system. 
The home was last sold in 2017 for $4,255,000.  
In Mosman, 46 other five-bedroom houses have recently been sold, reports Domain. 
According to Realestate.com.au, a similar five-bedroom, three-bathroom house on Pretoria Avenue in the area sold for $5,850,000 last December. 
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