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

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The iconic 1960s residence The Collins House, set above Mosman Bay Wharf, has been quickly snapped up having been listed for sale at $4 million.
The fibreglass landmark was built in 1976 by architect owners Ian and Roseanne Collins.
The <a href="https://www.domain.com.au/2b-mosman-street-mosman-nsw-2088-2013134196" target="_blank">2B Mosman Street property</a> featured in a recent Museum of Sydney exhibition curated by decor guru Karen McCartney as one of the 29 most important homes of the past six decades. 
The three-bedroom house, with rooftop terrace, last traded in 2007 for $1,855,000 when purchased by Bligh Advisory director Federico Pucci and Julia Pucci, project director of the refurbishment of the Sydney Theatre Company.
The listing was on the market for three weeks compared to the three months it took last time.
The rectangular Mosman Street home was built in 1978 using dry-jointed, prefabricated fibreglass wall panels to the couple's design. 
The top floor has an open-plan living and dining space plus an open-ended galley kitchen. Its elliptical windows have bush and harbour views.
The bedrooms are on the lower level with two rooms separated by twin bathrooms.
It was originally divided by bookcases to create four bedrooms for the family of seven.
Glass panels slide across an entire wall of the lower floor to take in the water views. It has underfloor heating and cooling is achieved by ponding water on the concrete roof.
The iconic house featured in Belle in 1978; the article was written by Betsy Walter with Lewis Morley photography.
It's also in Sydney Architecture, Graham Jahn's chronology from colonial days to the late 1990s.
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jchancellor-FAypfDUnLy

Fibreglass Collins House sold in Mosman

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Former bank chief Stuart Grimshaw and his wife Anneliese have put their Mosman home up for sale.
It follows their move to Austin, Texas.
Grimshaw was the Bank of Queensland chief executive until 2014 when he resigned to take up a job as executive chairman at the pawnbroking US EZCORP group.
<a href="https://www.realestate.com.au/property-house-nsw-mosman-124057046" target="_blank">The 1920s-era home</a> has views from Clontarf to North Head.
It was redesigned by French architect Guy de Compiegne when owned by San Francisco-based technology network boss Pascal Brochier and his interior architect wife Sue-Anne, who sold to the Grimshaws in 2011 for $4.85 million.
The four-bedroom home now has DA-approved plans for a BKH-redesign.
Dino Gatti, of Province expects more than $7 million at the December 3 auction.
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firstname1-iYD4UYzvBa

Former Bank of Queensland chief executive Stuart Grimshaw lists Mosman home

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<div class="cq-article-content-paras section">
The expatriate infrastructure guru Peter Hofbauer has secured the snappy sale of his Mosman home.
The six-bedroom Bradleys Head Road trophy home on 2244 sqm was listed only late last month with an asking price of between $15.5 million and $16.5 million through McGrath agents Michael Rava and Michael Coombs. 
It set a non-waterfront record for the suburb when it last sold at $7.15 million in 2001, but not this time.
Hofbauer, who was previously Babcock &amp; Brown's head of infrastructure, moved to London in 2007 where he now oversees infrastructure investments at Hermes, which is owned by BT Pension Scheme in London.
Mandolong House, one of Mosman's most coveted heritage estates, holds the inland record when selling at $18 million in 2012.
This article was first published in the Sunday Telegraph.
</div>
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Infrastructure guru Peter Hofbauer secures snappy Mosman sale

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Cricketer Mitchell Starc is set to list his Mosman home as like the rest of the test team he's taken to upgrading their trophy homes.
Starc was terrorising the South Africans on the first day of the Perth test when his representatives bought the North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.
The luxury new build home cost the 26 year old Baulkham Hills-born fast bowler a bullish $5,235,000.
Word leaked out of his purchase via the ABC Radio's commentary team on day two of the test. 
Designed by architect Koichi Takada, the five bedroom, three bathroom home had a resort style open plan living space that flows on to an alfresco dining area with views over the Lagoon and Ocean to North Head and Manly.
A luxurious outdoor seating area accompanies the infinity pool.
The interiors came with the predictably huge walk in wardrobe, which is large enough to act as a corridor to the master suite's bathroom.
The former Miss Universe and husband Jake, a builder by trade, paid $1.66 million in 2013 for the building block. Now he's set to listed his Mosman home.
Starc will now list his Mosman home.
It was bought for $4.55 million in 2014 with his Breakfast Point pad fetching $1,275,000.
Starc and his now wife, cricketer Alyssa had paid $960,000 in 2012. 
This article was first published in the Sunday Telegraph.
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Mitchell Starc buys at North Curl Curl from Jennifer Hawkins

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Channel 7 Sunrise sports presenter Mark Beretta has snappily sold his Mosman home.
<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/residential-for-sale/0000317562" target="_blank">Andrew Blaxland at Richardson &amp; Wrench Mosman/Neutral Bay</a> had set a November 15 auction, but sold on the weekend, just a week after it come onto the market with a price range of $4.85 million to $5.35 million.
Mark and wife Rachel have already upgraded once in the suburb and are tipped to be doing so again, perhaps closer to the beach.
They had bought their home in 2011, paying $2.8 million for the home that was built at the turn of the century for the Mosman mayor.
The now transformed Federation home on 659 sqm has five bedrooms, three bedrooms, a sunroom and a number of formal and informal living spaces over its two levels.
There are lovely leadlight window features. Rachel was apparently responsible for the nifty renovation which included relocating the kitchen.
Outside expansive limestone terraces and a private tranquil courtyard focus around the centre piece, the heated pool. 
There's been strong price growth with CoreLogic putting the median house price at around $3.2 million, up from the $2.2 million when the property last traded five years ago.
The street has seen three sales this year ranging from from $2.6 million to $6.85 million.
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Sunrise's Mark Beretta snappily sells Mosman home

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Channel 7 Sunrise sports presenter Mark Beretta has listed his Mosman home, though not to head back to his boyhood city Geelong.
Mark and wife Rachel have already upgraded once in the suburb and are tipped to be doing so again, perhaps closer to the beach.
Andrew Blaxland at Richardson &amp; Wrench Mosman/Neutral Bay has set <a href="https://www.realestate.com.au/property-house-nsw-mosman-123905194" target="_blank">a November 15 auction</a> with a price range offered to yesterday's initial open for inspection of $4.85 million to $5.35 million.
Some 20 couples went through the home with the advertisement only posted on realestate.com.au late Friday.
Mark has listed the home at a strong time in the Mosman prestige market.
They bought their home in 2011, paying $2.8 million for the home that was built at the turn of the century for the Mosman mayor.
The now transformed Federation home on 659 sqm has five bedrooms, three bedrooms, a sunroom and a number of formal and informal living spaces over its two levels.
There are lovely leadlight window features. Rachel was apparently responsible for the nifty renovation which included relocating the kitchen.
Outside expansive limestone terraces and a private tranquil courtyard focus around the centre piece, the heated pool. 
Mark has been effusive in his praise for the suburb, saying it was safe and secure. There's also been strong price growth with CoreLogic putting the median house price at around $3.2 million, up from the $2.2 million when the property last traded five years ago.
The street has seen three sales this year ranging from from $2.6 million to $6.85 million.
Last week's Mosman sales activity saw the former Cockatoo Coal executive chairman Mark Lochtenberg snappily sell his home in just 12 days.
The four bedroom Edwards Bay Road home came with a price guide of $6.5 million to $7 million through McGrath Estate Agents.
He bought it from former Elle editor-in-chief and co-founder of Hush Communications Debbie Coffey and photographer husband Ross for $5.8 million in May last year.
This article was first published in the Sunday Telegraph.
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Sunrise's Mark Beretta lists Mosman home

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Former Cockatoo Coal executive chairman Mark Lochtenberg has sold his Mosman home in just 12 days as he sets to make a quick flip on the property.
Bought for $5.8 million last May, <a href="https://www.realestate.com.au/property/20-edwards-bay-rd-mosman-nsw-2088" target="_blank">the four bedroom Edwards Bay Road home</a> came with a price guide of $6.5 million to $7 million through McGrath Mosman agents Michael Coombs and Adrian Bridges.
He bought it from former Elle editor-in-chief and co-founder of Hush Communications Debbie Coffey and photographer husband Ross.
Mark had made a big profit just a month before the purchase, selling his Curraghbeena Road home for $16 million after paying $6.5 million for it in 2003.
He's added a north facing deck, a wine cellar and a few other structural fixes.
Set on 697 sqm, the home just minutes from Balmoral Beach was designed by Corben Architects and features a glass fronted, resort-style, gas heated swimming pool.
Lochtenberg is planning to move closer to the city.
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j.ballantyne1990-6AQqhLzZaK

Snappy Mosman trophy home sale 

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A modernistic seven bedroom home on the Balmoral Slopes has been sold for $11.95 million at auction.
<a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-123616714" target="_blank">The Kirkoswald Avenue property</a> of 2215 sqm was initially listed with $15 million plus hopes by the retired engineer Derry Hill.
The three-storey residence was built in the late 1960s by property developer Syd Fischer, who sold it to Hill and his late wife Dimity in 1985 for $1,375,000.
It is set on two titles of 2215 square metres.
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Mosman home sold for $11.95 million at auction

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Morella, the unliveable late 1930s Mosman timewarp mansion that has sat idle for 15 years, has been sold for $6.6 million to Edward Wei.
There were two competing bidders. It sold after the top bidder raised his $6.4 million bid and the vendor reduced their reserve. 
More than $7.3 million was being sought through <a href="https://mnb.ljhooker.com.au/2MAXF6N/5-morella-road-mosman" target="_blank">LJ Hooker agent Geoff Smith</a> under instructions of Chew Hong Ho, the former carer who was named in Anthony Parer's obituary as his "loving partner." 
Anthony's distraught younger sister, Mariana, who has been intent on contesting the estate which includes Dungog cattle farms, came from Canada to attend the auction.
This article was first published in the Saturday Daily Telegraph.
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1930s Mosman timewarp mansion sold

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Economist Heather Ridout, who sits on the board of the Reserve Bank of Australia, and her lawyer husband Peter, have finally sold having reduced their sale price expectations for their Mosman home.
The Little Street house came with $7.75 million to $8.5 million hopes through LJ Hooker Lower North Shore agents Bernard Ryan and Geoff Smith.
<a href="https://mnb.ljhooker.com.au/2KS4F6N/3-little-street-mosman" target="_blank">Set in vast 1,220 sqm gardens,</a> the five bedroom home was initially listed with $9 million hopes in January this year.
The family Federation with revived interiors from Espie-Dods has a number of stately formal rooms that open to a traditional terrace through French doors.
A lower level billiard rooms spills out to the level lawn, courtyard and in-ground swimming pool.
The gourmet marble kitchen and informal living spaces reside under a soaring cathedral ceiling.
The couple are keen to downsize given their children have long left the nest.
Records show they bought the home for $1,025,000 back in 1984, having sold their Clifton Gardens home for $875,000 the same year. 
In 1988 they paid $210,000 for a Pearl Beach weekender, just before the 1990 recession hit. They offloaded the home for $205,000 four years later.
Heather has been a member on the Reserve Bank Board since 2012 and her present term will end February next year.
She spent most of her career as chief executive of the Australian Industry Group.
Ridout was dubbed the 21st member of Cabinet during the leadership of former prime minister Kevin Rudd.
This article was first published in the Saturday Daily Telegraph.
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