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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Recently appointed Football Federation Australia board member Joseph Carrozzi is selling Anahata, a Mosman investment property.
Carrozzi, the national managing partner at PwC, paid $2.3 million for the property in 2009.
The three-bedroom Queen Anne-style Federation home has a self-contained studio at the rear which has been operated as a healing centre by his wife, Jana, integrating both ayurvedic and western therapies.
The Agency’s Nic and Kingsley Yates have the Myahgah Road listing.
The couple live at a large Clifton Gardens battle-axe.
This article first appeared in the Saturday Daily Telegraph. 
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Football Federation Australia's Joseph Carrozzi lists Mosman trophy Anahata

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The Mosman home of former Elle editor-in-chief and now Hush Communications co-owner Debbie Coffey and her photographer husband Ross has been listed with $8.75 million hopes.
LJ Hooker Avnu agents Michael Coombs and Sean Phuah have the listing.
The Coffeys paid $4.7 million for the home in 2015 when they were downsizing from the nearby Balmoral Slopes, where they scored $5.8 million for their Corben Architects-designed home.
The bespoke home with five bedrooms and five bathrooms has its own gym and a 1400-bottle temperature-controlled wine cellar.
This article was first published in the Saturday Daily Telegraph.
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Debbie Coffey lists Mosman home

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Pilates pioneer and The Invisible Exercise founder Dell-Maree Day has bought in Mosman.
Day, who established her pilates centre Mosman in the mid-1990s, spent $1,175,000 on an apartment in a tightly held development on Military Road above the village.
The Mosman apartment median sits just above $1 million, down from its $1.1 million a year ago.
The 75 square metre apartment in the 2009-built block has two bedrooms and two bathrooms.
Di Jones Mosman agents Jacqui Rowland-Smith and Jannah Tulloch secured the pre-auction sale.
This article was first published in the Saturday Telegraph. 
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Pilates pioneer Dell-Maree Day picks up Mosman apartment 

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Channel 7 Sunrise news presenter Natalie Barr and husband, television commercial editor Andrew Thompson, have decided to stay in Mosman as renters, after selling their home late last year.
They’ve secured a five-bedroom home just 700m from their former $3.6 million abode. 
The rental home, a short stroll from Sirius Cove, was advertised for rent at $2500 a week through Richardson &amp; Wrench leasing agent Robert Simeon.
It last traded for $1.85 million in 2002. There’s an open-plan living area with fireplace and a veranda opens to a level garden in the no pets home.
The couple, along with their two children, have been on the Mosman merry-go-round for the past few years.
They sold for $3.6 million, having paid $3,235,000 just two years earlier for the unrenovated 1910 Federation home.
Take a look at one of the most picturesque streets in Sydney. 
Their first Mosman home, bought for $1.28 million in 2002 fetched $2,891,999 in 2016. 
Mosman is a hot spot for television personalities.
The former Today host Karl Stefanovic rents there, too.
Today’s co-host Georgie Gardner recently spent $6 million on a Beauty Point home. 
Barr’s long-time colleague Mark Berretta, who began presenting Seven Early News sport in 2008 alongside Barr, has also called Mosman home for many years.
This article was first published in the Sunday Telegraph. 
 
 
<a href="http://www.rwm.com.au/22-lennox-street-mosman-nsw-4482781/"> </a>
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Sunrise presenter Natalie Barr stays put in Mosman

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Godolphin, the international horse empire of the Dubai Sheik Mohammed bin Rashid al-Maktoum, scheduled a 9am Saturday auction morning to offload its redundant Mosman trophy home.
The early start, given a coffee shot for attendees from realestate.com.au’s mobile coffee cart, was scheduled as the racing enthusiasts had a runner in the first at Royal Randwick. The Orlando Avenue home had been bought in 2016 for $5 million for then managing director Henry Plumptre, who departed in 2017 for Waikato’s Cambridge Stud.
The cul-de-sac Federation four-bedroom, two-bathroom home attracted seven registered parties. The stone kitchen and informal living area open to an alfresco space with kitchen and pool.
BradfieldCleary Double Bay agents Bob Guth and Sam Green took a $4 million opening bid.
Announced on the market by auctioneer Mark Daley at $4,425,000, it sold to the opening bidder — who had come from Bronte — at $4.45 million.
Auction is certainly a worthy tactic as time-to-sell spirals with a saturated private treaty market of unsold pricey offerings. Prices in Sydney’s upper end have also been hit by a 12 per cent price fall.
From oceanfront homes to CBD penthouses, beachfronts and rural getaways, offerings are aplenty.
Agents report ­little pressure to sell by these well-heeled vendors, and their lenders, but buyers might just be able to secure a bargain as the richlister loses patience.
Meanwhile Guth watched Bivouac win the first, then Microphone take the Inglis Sires for Godolphin, and Multaja take the last with the Godolphin track earnings on the day of $1.66 million.
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Sheik's Godolphin racing team offloads Mosman trophy home

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Stone Real Estate have opened a new Mosman/Neutral Bay office.
Marize Bellomo is to be the principal of the office.
Mrs Bellomo, also a valuer, has a track record of almost 20 years in real estate.
Mrs Bellomo said Stone’s business model instilled complete confidence making this the first time in her career that she had been unequivocal about shifting to another brand.
“I’ve met with many companies over the years and never felt there was a meeting of minds until I met with Stone Real Estate,” Mrs Bellomo said.
Stone Real Estate’s franchise director Luke Cameron said the agency could not ask for a more committed and energetic leader to take the helm of the Stone Mosman/Neutral Bay office.
“Marize is one of the most dedicated, determined and strategic operators we have come across and as such has a particularly high profile in the Lower North Shore which is a huge asset for the Stone brand,” he said.
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j.ballantyne1990-6AQqhLzZaK

New Stone Real Estate office in Mosman/Neutral Bay opened

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Glenn Duncan, the Western Sydney Wanderers co-owner, and his wife, Lisa Marie, have listed in Mosman.
Their grand five-bedroom Victorian gothic trophy home Allowah was bought for $8.5 million from Citibank’s Tim Robinson and his wife, Kirstine, in 2014.
The 1881 sandstone residence had a makeover by interior stylist Lisa Burdus.
The 1239 square metre holding overlooking Mosman Bay has gardens designed by Paul Bangay from the Robinson’s ownership.
One of the oldest homes on the lower north shore, the auction has been scheduled for February 26 through Belle agent Helen Wilson who has given a $12 million price guidance.
The Duncans moved to Mosman after selling their $1.99 million home in Glenhaven having outlaid $1.65 million in boomtime 2003.
The 2014 buyers are currently seeking $2,799,000 through Louis Carr Real Estate.
This article first appeared in The Sunday Telegraph. 
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Western Sydney Wanderers co-owner lists gothic Mosman trophy home

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Former TV presenter Tom Williams has joined LJ Hooker Avnu's new office, the Michael Coombs team in Mosman.
Coombs was previously at McGrath for 16 years before McGrath ended its franchise agreement on the Lower North Shore late last year.
Williams (below), whose kids go to school in Mosman, told the Mosman Collective, who suggested he was always interested in real estate.
“Property – and real estate is my thing," he said.
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“It always has been, but most people haven’t known about it - until now!
“My family are super excited about the incredible opportunity I’ve been given, especially my young daughters.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/5/Williams1.jpg" alt="">
“I’m really excited about this new direction in my career and thrilled to be joining Team Coombs."
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Williams <a href="/news/former-tv-presenter-tom-williams-turns-to-real-estate">turned to real estate late last year</a> shortly after leaving Channel 7 where he was the co-host of The Daily Edition.
He joined project marketing company Boutique Estates International, where his sister in law Vanessa Gilbert is a director.
He was marketing Inspire Broadwater, the new Labrador tower on the Gold Coast.
Coombs greeted Williams on Facebook, saying he is "excited to have Tom join the team."
Coombs now have a team of five at LJ Hooker Avnu, carrying four over from the former McGrath office.
Coombs is a founding agent of LJ Hooker Avnu, a little-known, newly launched, technology-based full-service agency based at nearby Neutral Bay.
Coombs told the Mosman Collective appointing Williams was an "absolute no brainer".
“Tom is a Mosman boy who has been involved in property for most of his life,” Coombs said.
“He is a passionate local, he understands our suburb and its people – and his knowledge of the lower north shore market is impressive.
“He’s going to be a huge asset to Team Coombs.”
 
 
 
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Celebrity TV chippy Tom Williams joins Michael Coombs LJ Hooker Avnu team

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Former Bauer Media boss Nick Chan and wife Peggy have bought back onto the Mosman property merry-go-round, paying $4.06 million for a modernised 1904 home (pictured) diagonally opposite their own recent offering.
Downsizing on the same street will see them pocket the difference of around $1 million after their $5.15 million sale. And potentially saving a truckload on moving costs.
Chan, who chairs the new bookmakers BetMakers, was the Bauer boss until June last year.
Their sold state-of-the-art home sat on 490 square metre with five bedrooms and three bathrooms.
Their new five bedroom, two bathroom home is on 455 square metre, but with harbour glimpses from upstairs.
There was a trade-off with car spaces dropping from three to two.
Mosman’s most impressive downsize this year was when businessman John Kinghorn and his wife Jill sold their longtime waterfront mansion for $12.5 million, having bought in the nearby Watermarque building.
It was the suburb’s first double-digit apartment sale.
This article first appeared in The Sunday Telegraph. 
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Former Bauer boss Nick Chan sells in Mosman downsize

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Forget weddings, Sunrise news presenter Natalie Barr and her husband, television commercial editor Andrew Thompson, have had their mind on selling their Mosman home.
The 1910s Federation home, renovated during their short ownership, was snapped up yesterday, the day before today's scheduled auction.
With four bedrooms, they'd hoped for an ambitious $3.8 million for the home which comes with his and hers home offices.
The home which cost them $3,235,000 two years ago, sold for an undisclosed price, but they are likely to have accepted somewhere in-between. 
They were upsizing in 2016 from their nearby long-time prior Mosman residence on which they did much better - buying for $1.28 million in 2002 and sold for $2,891,999.
They are tipped to move east to be closer to school for their sons.
Barr has been at Seven for over two decades, having joined Seven News as a reporter in 1994.
She's been the news presenter on Sunrise since 2003.
Her rival over at Nine has been active recently on the property front buying at Beauty Point with her husband Tim Baker for possibly close to $6 million.
They sold their Federation bungalow in Artarmon for $4.2 million.
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