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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Dunleigh, a grand Queen Anne Federation home built in 1909 in Mosman, has been listed for sale.
The five bedroom, five bathroom <a href="https://www.realestate.com.au/property-house-nsw-mosman-122387314" target="_blank">72 Raglan Street</a> offering has a $4.5 million to $4.75 million price guidance through McGrath agent Michael Coombs.
It comes with a country-style kitchen. There are harbour views from the upper and lower verandahs.
It goes to May 21 auction.
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jchancellor-FAypfDUnLy

Mosman's 1909 Federation offering Dunleigh

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The chairman of the realestate.com.au website, Hamish McLennan, has listed his Mosman home after the pre-Easter auction spike.
The Sandberg Schoffel designed home overlooking Middle Harbour has been home for almost eight year for McLennan and his wife, Lucinda who runs the e-commerce site, GoCraveRave, a lifestyle website where fashion meets travel with chic style tips.
The power couple, their two children and labrador, Billy are off to Lavender Bay, where they have bought tech guru Daniel Petre's home, Alta Mura following his purchase of the nearby Villa Medusa.
Alta Mura, the five-bedroom Victorian manor house, that sits on a 720sq m block with inground pool, was snapped up after being on the market for two weeks. The 1886 Alta Mura, meaning "high walls", sits in Peter Fudge-designed parterre gardens. 
<a href="https://www.realestate.com.au/property-house-nsw-mosman-122252994">McGrath agents Nigel Mukhi and Michael Coombs</a> are expecting bids between $7 million and $7.7 million at the April 23 auction of the redundant Pearl Bay Ave offering.
The privately positioned home, with direct access to the waterfront reserve, has three bedrooms, two bathrooms. The master suites terrace overlooks the awning-shaded loggia with mosaic tiled heated pool and spa.
Surrounded by Joanna Green designed gardens on the 632 sqm block, the three bedroom home features a temperature controlled, 2,600 bottle wine cellar with adjoining bar area. There's also a large custom designed home office that looks onto the central courtyard in the 2006 built home.
The News Ltd backed REA chief, who stepped down from the Ten Network last year, began his working life in advertising working working for George Patterson Bates while Lucinda was a lawyer.
Over at Fairfax David Housego, the chief financial officer of Fairfax Media which runs the second placed Domain website, and his Christine, who co-owns the East Coast Lounge in Mosman, sold their Hamptons-style Colloray home pre-auction for $5.55 million through Belle Property Dee Why’s Brendan Pomponio and Kirsten Bertram.
This article was first published in the Sunday Telegraph. 
 
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REA boss Hamish McLennan lists in Mosman

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The long time Mosman home of the late historian, theologian and author Barbara Thiering has been put up for auction.
Barbara and her then husband Barry bought the three Wyong Road bedroom home in 1973 when they paid $62,500. 
<a href="https://www.realestate.com.au/property-house-nsw-mosman-122273930">Set amid established terraced gardens on an elevated 752 sqm parcel, the freestanding home offers views </a>over Quakers Bay.
Known as "that radical Australian theologian woman" during her time at the University of Sydney in the 1970's, Thiering wrote Jesus the Man in 1992 which became an international best seller.
The book was a radical challenge to the established orthodoxy about historical Christianity and suggested Jesus was not of virgin birth, nor did he die on the cross.
She followed Jesus the Man with Jesus and the Riddle (1993), Jesus of the Apocalypse (1995) and THE BOOK THAT JESUS WROTE (1998).
The property has been listed by Nic Yates and Kingsley Yates of Ray White Lower North Shore and goes to auction April 30 with $2.4 million hopes. 
She was born Barbara Houlsby, in Sydney in 1930, the daughter of Jack Houlsby, an accountant, who, having become disillusioned with capitalism during the Great Depression, settled onto a small farm, called Woodlands, at Marsfield, an early exercise in self-sufficiency and alternate lifestyle, in an atmosphere of liberal intellectualism
After obtaining a Bachelor of Divinity from London University, Thiering became involved in the academic and intellectual challenges of the 1960s liberation movements
She completed her PhD on Asceticism in the Dead Sea Scrolls in 1972.
Thiering was an early member of the developing feminist movement in Australia and in particular highlighted the role of women in the modern Christian Church. 
She was appointed to the inaugural NSW Equal Opportunity Tribunal by Neville Wran serving from 1981 to 1993.
This article was first published in the Saturday Daily Telegraph.
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Mosman home of late historian Barbara Thiering listed

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Channel 7 morning newsreader Natalie Barr has sold her Mosman family home for $2,891,999 at auction.
LJ Hooker Mosman agents Geoff Smith and Richard Harding were expecting between $2.5 million and $2.75 million for the property.
Barr had brought her auction date forward from its scheduled March 31 auction. given strong buying interest. There were three bidders.
The four bedroom home - renovated since bought in 2002 at $1.28 million - comes with views of the Sydney harbour. It was the year she became the Sunrise newsreader.
Barr and husband Andrew Thompson are upgrading to a $3.2 million home round the corner.
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jrobinson-rf4aSBido9

Newsreader Natalie Barr sells Mosman family home

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Racing couple Gai and Robbie Waterhouse have now a $5.4 million asking price on their longtime Mosman family home after pulling the home from auction just a few weeks ago.
The four bedroom property, which has been in the Waterhouse family for 32 years, was listed with an initial price guide of $6 million through 2088 Realty listing agent Sally-Anne Lawlor.
Most of the buyer interest has come from developers who are not known to be as emotional in their outlays as home buyers.
The racing couple are still set to make a tidy gain from the Clifton Gardens home having paid $457,500 in 1983.
They now prefer Balmoral and their Mittagong trophy estate, Dunsinea.
The <a href="https://www.realestate.com.au/property-house-nsw-mosman-121723666" target="_blank">Burrawong Avenue</a> property (above) was designed with wall to wall windows highlighting the harbour views over Shark Island and beyond.
The master bedroom suite comes with an impressive hat display cabinet filled with Gai's hats and fascinators from past race days.
Elsewhere in Mosman the home of horse breeder Carl Holt is under offer. The former London financial markets trader and his wife Lorraine had $9 million plus hopes through <a href="https://www.domain.com.au/3-balmoral-avenue-mosman-nsw-2088-2012635591" target="_blank">Brendan Warner, of Raine &amp; Horne.</a> The Phil Corben designed home was last traded by former Qantas chief Geoff Dixon and his wife Dawn in 2010 at $8 million.
The most recent Gai Waterhouse-Carl Holt linked was Northern Fire, a Snitzel colt from the Scenic mare Pure Fire, bred by Holt. However the two year old bay colt last raced at Rosehill Gardens in January finishing unplaced, behind the winner Scarlet Rain.
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Robbie, Gai Waterhouse asking $5.4 million for Mosman family home

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Company director Eric Dodd and his wife Vanessa - the downsizing Mosman couple - have sold their Burran Ave home.
The chairman of First American Title Insurance has owned the hillside home since 1995 when it was bought for $961,000.
Set 100 metres up from Balmoral Beach, <a href="https://www.33burranave.com/" target="_blank">the home</a> comes with an infinity pool.
It was listed for between $9 million and $9.9 million through Belle Property agent Tim Foote, but seemingly sold for $8 million plus.
Known as 'The Rhino' for his intensity and drive, Eric has worked at NRMA, BUPA, IAG and AON.
The Dodds retain their Ingleside acreage retreat.
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Eric Dodd sells in Mosman after 21 years

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UBS Australia boss Matthew Grounds is on the move, but not going anywhere far. The Mosman trophy home - bought for $11 million in 2007 with wife, Kimberley - has be become redundant listed for sale.

Ofcourse being a Mosman merchant banker he's staying on the suburb's property merry-go-round upgrading to a nearby $14 million acquisition.

<a href="https://www.realestate.com.au/property-house-nsw-mosman-121944094" target="_blank">Their redundant five bedroom home</a> looks over Grotto Point towards the Heads. It's an easy walk to Rosherville Reserve, Chinamans Beach, Balmoral Beach and The Esplanade café scene.

The Phillip Corben designed 2007-designed contemporary home was updated with interiors from Burley Katon Halliday around 2009. Not sure who signed off on the Entertaining terrace with uplifting views built-in Beefeater BBQ Entertaining terrace with uplifting views built-in Beefeater BBQ There are striking seagrass wall panels and limewash timber floors with lots of white timber door panelling.

The space is all linked by a four person internal lift. All bathrooms have underfloor heating.

Its 733sqm of landscaped gardens including a 12.5m heated swimming pool and hedge framed level lawn in its cul-de-sac setting.

The Grounds family demolished a large Federation house on a 1680-square-metre block after paying $14 million to Patrick Allaway, the chairman of Saltbush Capital Markets, and his wife, Libby.

The Grounds maintain a Palm Beach retreat with Lleyton Hewitt and Bec Cartright as their neighbours for a time.

He briefly made the 2009 BRW Rich List with an estimated $40 million.

This article was first published in the Saturday Daily Telgraph.

 Related developments:

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UBS merchant banker Matthew Grounds on Mosman property merry-go-round

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The former ANZ banker Steve Bellotti has his redundant Mosman trophy mansion relisted for sale. 
The ABZ bank's former global head of markets is switching from one Mosman mansion to another.
Both are on Iluka Road. Bellotti paid $9.5 million for the latest place in 2014, only to knock it down and rebuild. It had been on and off the market for seven years before its sale, at well below its initial $15 million asking price.
His first acquisition on the strip was in 2010 costing $9 million. <a href="https://www.realestate.com.au/property-house-nsw-mosman-116805675" target="_blank">Simeon Manners have the listing</a> which is a three level home designed by architects Gartner Trovato and completed in 2009.
Situated on over 1,100sqm of Sydney Harbour watefront reserve, the house comes with over 500sqm of floor space. It was unsuccessfully for sale for most of 2014 when there were $12 million expectations.
He and wife Carrie Hayes Bellotti, the owner of an Aspen spa and yoga studio, are bunkered down at the Palm Beach beachfront which cost $8.4 million in 2011 as the new home gets finished.
It was last November when the AFR noted his "shock" resignation of global head of markets, replaced by Eddie Listorti, who also has homes at Mosman and Palm Beach.
Listorti, who joined ANZ six years ago from Dresdner Kleinwort was the bank's global co-head of fixed income, currencies and commodities. 
Bellotti also joined ANZ in 2010.
He was once the boss of John Key, now the New Zealand PM, while at Merrill Lynch.
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Former ANZ banker Steve Bellotti relists in Mosman

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The former Wallaby Stephen Lidbury and his wife Joanne have upgraded Mosman homes as the Mosman merry-go-round gains some renewed momentum. 
Lidbury, who played in 1987 tour of Argentina and against England in their 1988 tour of Australia, has spent $6.3 million. 
The <a href="https://www.realestate.com.au/property-house-nsw-mosman-120456953" target="_blank">five bedroom family home</a> last traded at $5.7 million in 2008, with the latest price returning to its 2006 price level, given the global financial crisis knocked Mosman about leading to low sales activity. 
They sold their Federation home on Countess Street for $3.2 million recently.
Lidbury, the formidable Warringah player, is a director of the cleaning and security services specialists company, Millennium Hi-Tech.
This article was first published in the Saturday Daily Telegraph.
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Former Wallaby Stephen Lidbury buys in Mosman

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The Macquarie Bank boss Nicholas Moore and wife Helen, who are upgrading to a $13.15 million contemporary harbourfront home on Middle Harbour, have listed their Federation Mosman house.
Well, sort of.
Costing just over $1 million in 1991, the property was briefly advertised with expressions of interest closing November 8.
But Title Tattle noted this week that its LJ Hooker agents Mary-Jane Hamer and Geoff Smith have taken its off the web without explanation.
<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/stories/2012/10/ruby2.jpg">
No sold signs, so either a snappy sale or a change of plans.
The house was marketed as occupying a substantial sandstone footprint on its elevated 1,008-square-metre block.
The house with 365 square metres of internal space shows original craftsmanship.
It's marketed as suitable for contemporary family life, however the marketing does not show any interior images.
Its formal living rooms are said to have views through french doors of Sydney Harbour, the Opera House and Centerpoint Tower.
{yoogallery src=[images/stories/2012/08/aug17shellbank]}
The Moores' purchase price for <a href="https://www.propertyobserver.com.au/title-tattle/macquarie-s-nicholas-moore-gives-momentum-to-the-mosman-mansion-merry-go-round" target="_blank">their harbourfront acquistion</a> (pictured above) is confirmed at $13.15 million. It sold through Richardson &amp; Wrench Mosman after three years on the market.
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