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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Sunrise news presenter Natalie Barr and her husband, television commercial editor Andrew Thompson, have listed their Mosman home.
The 1910s Federation home, renovated under their very short ownership, has four bedrooms and two home offices.
It sits in 720 sqm of gardens that home a garage and workshop.
<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/2018/11/12/sun2.jpg" alt="">
They're reputedly seeking $3.8 million for the home that cost them $3,235,000 only two years ago when they were upsizing from their nearby long-time Mosman residence.
They renovated the four bedroom home they previously bought for $1.28 million in 2002 and sold for $2,891,999.
Barr has been at Seven for over two decades, having joined Seven News as a report in 1994.
She's been the news presenter on Sunrise since 2003.
 
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firstname1-iYD4UYzvBa

Sunrise news presenter Natalie Barr lists Mosman home

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A Mosman home that was briefly owned by the 1970s soapie star Abigail has been listed for the first time since its sale in 1978.
The renovated <a href="https://www.belleproperty.com/listings/713119/23-killarney-street-mosman-nsw-2088/" target="_blank">1950s two storey, three bedroom property</a> comes with interiors by Angela Steyn.
It was in 1976 when then TV stars, Abigail Rogan and husband Mark Hashfield, bought the Killarney Street house for $83,000 with the legal paperwork lodged by solicitor Danny Sankey.
It sold for $93,000.
At the time she was starring in The Young Doctors.
Abigail was considered one of Australia’s sex symbols of the 70s era after she played the character Bev Houghton and Mark played Alan Cotterell on Number 96 between 1972 and 1974. 
Abigail was educated in France and came to Australia when she was given the chance to appear as the female lead in the Perth production There's a Girl in my Soup in 1971.
Abigail later played the conniving character Caroline Morrell on Sons and Daughters. 
The three bedroom, two bathroom house has been listed by the Griffin family for November 10 auction.
Its Belle Mosman agents Tim Foote and Mitchell Soineva expect the double brick family home that sits on a 575 sqm corner block to fetch $2.7 million.
This article first appeared in The Sunday Telegraph. 
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1970s home of soapie star Abigail listed in Mosman

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A new build at 39A Parriwi Road, Mosman is set to be listed with a price guide of $12.5 million.
"It's not even ready yet but I've already got 15 groups waiting to look at it, which is a good sign," Mosman agent Michael Coombs told Fairfax Media recently.
Coombs said demand from buyers for homes over $10 million was outstripping supply, which he estimated had dropped by about 30% since last year.
"The higher the price, the stronger the Mosman market," he said. 
"People have more money and they aren't relying on the banks [for finance]."
The home had featured on the <a href="http://modernistaustralia.com/2014/08/39a-parriwi-rd-mosman-nsw/" target="_blank">ModernistAustralia website</a>.
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Yet to be completed Mosman trophy home listed with $12.5 million hopes

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The Mosman property merry go-round continues into Spring, but downsizing hardly comes cheap.
Susie Stenmark, matriarch of the Stenmark modelling clan, and businessman husband Damien have bought back into the Mosman market, but their downsizing cost $7.5 million.
With four bedrooms and just two bathrooms, it will be a bit of a squeeze if any of the children come back home.
They sold their long-held trophy home the five bedroom, five bathroom Cardross for around $11 million.
They continue the trend of few residents wanting to depart the millionaire's playground.
It was Cardross where they brought up their four children, including Australia's hottest modelling exports Jordan and Zac Stenmark.
They have been at the grand turn of the century home since paying $2.65 million in 1998 when the twins were six.
Raine &amp; Horne Mosman agent Brendan Warner sold the home to the also downsizing former Foxtel chief executive Richard Freudenstein and his wife Jane.
They sold for around $23 million having paid $12.75 million in 2006 when trading up in the suburb. 
The Freudenstein sale was a Mosman record when sold in February, however that's since been topped last month when the Sydney Swans chairman and Moelis investment banker Andrew Pridham and wife Carolyn paid $25 million for Hopetoun.
The Pridham's too live locally at their nearby mansion at Clifton Gardens.
Millionaire philanthropist and RAMS Home Loans founder John Kinghorn and wife Jill also stayed locally with their recent property trades.
They sold their long-held harbourfront mansion for around $12.5 million to downsize to a $10.22 million apartment in the nearby Watermarque building.
The four bedroom unit with swimming pool and boat house was Mosman's first double-digit apartment sale.
The couple had owned the five bedroom Carrington Road home since 1982 when they paid $1.3 million.
Mosman has just gone past a $4 million median house price, according to CoreLogic from its past 200 sales over the last year.
Its busiest year saw 330 sales in 2015 when the median price was $3 million.
This year some 14 house sales have been sold above $10 million in Mosman, just one short of last year's tally with the Spring sales season yet to come.
Last year saw $1 billion in house sales, with this year's spring selling season's 50 plus listings including BetMakers boss Nick Chan's $5 million plus home.
This article was first published in the Saturday Daily Telegraph. 
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The Stenmark's join the downsizing Mosman property merry go-round

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Former Bauer Media boss Nick Chan, who abruptly left the embattled publisher, and wife Peggy have listed their Mosman home.
Chan paid $4.5 million for the state of the art home in 2016 when the couple upgraded from their $5.23 million Roseville home.
The Mosman home on 490 square metres has five bedrooms and two bathrooms.
There's a landscaped garden with a gas and solar heated pool and an underground garage with wine cellar and media room.
David Murphy Real Estate Mosman agent David Murphy has the listing.
Chan is a chair at the new bookmakers BetMakers.
This article was first published in the Saturday Daily Telegraph. 
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Former Bauer Media boss Nick Chan betting on Mosman price resilience

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Having spent $12 million on a Cremorne waterfront, the entrepreneurial fund manager James Spenceley and wife Viktoria have listed their former Mosman residence with $7 million hopes.
The Airtasker chairman spent $4.3 million on the 1920s Beauty Point home in 2013, shortly before he was named on the Young Rich List with a fortune of $22 million.
The home in 985 square metres of landscaped gardens has six bedrooms, a home office, wine cellar and gym.
The outdoor terraces overlook the swimming pool and have panoramic views across Middle Harbour and Quakers Bay. 
McGrath Mosman agents Michael Coombs and John Melville are marketing the home with a $7 million guide.
Spenceley founded Vocus Communications, Australia's fourth-largest telco, in 2007.
He recently co-founded MHOR Asset Management.
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Fund manager James Spenceley lists former Mosman home 

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The Mosman prestige market is going from strength to strength, with another $20 million listing in the exclusive lower north shore suburb.
The Carrington Avenue home last traded for $15.6 million when it was bought by Brehn Nominees, a company directed by AGEIS co-founder Stephen Jankelowitz. It was Mosman's biggest sale in the 2013/14 financial year.
Jankelowitz bought it from retired shipping executive Edil Paulson and his art collector wife Lisa, who built the home back in 1996, three years after paying $1.25 million.
The six bedroom deep waterfront estate on nearly 1,800 square metres has gardens running down to the water where there's a fully equipped boathouse, slipway and jetty.
Featuring a grand sandstone driveway and reflection pond upon entry, the home has a formal room with an open fireplace, a custom fitted home office and a harbour view study.
A loggie-style entertainers terrace overlooks the Bisazza mosaic tiled swimming pool.
Simeon Manners agents Mark Manners and Richard Simeon are taking their VIP guestlist through the home.
2018 has seen records tumble in Mosman. First former Foxtel chief Richard Freudenstein <a href="/news/record-mosman-price-snappily-secured-by-richard-freudenstein">sold his mansion for around $23 million</a>, before Sydney Swans chairman, Moelis investment banker Andrew Pridham paid <a href="/news/mosmans-hopetoun-sells-to-local-banker">$25 million for the waterfront estate Hopetoun.</a>
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Another $20 million listing hits the Mosman trophy market

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The former Foxtel chief executive Richard Freudenstein and his wife Jane have stayed on the Mosman property merry-go-round.
Having sold their mansion for around $23 million, and setting a then record for the suburb, the couple have snapped up the Stenmark family home, Cardross.
It was where Australia's hottest twin modelling exports, Zac and Jordan Stenmark grew up.
Matriarch, Susie Stenmark, a former model herself, and her husband, successful marketing businessman Damien Stenmark accepted a bullish pre-auction $11 million offer through Brendan Warner at Raine &amp; Horne.
It had been bought in 1998 when the twins were six for $2.65 million.
<div>The Freudenstein's non-waterfront seven bedroom Burran Avenue offering, overlooking Balmoral Beach, cost $12.75 million in 2006.</div>
<div> </div>
<div>This first appeared in The Saturday Telegraph
</div>
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Richard Freudenstein former chief exec of Foxtel has sold his mansion in favor of Cardross

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Moelis Australia investment banker and Sydney Swans chairman Andrew Pridham has reportedly set a new Mosman and lower north shore record with the $25 million purchase of trophy home, Hopetoun.
The sale marks the third time the suburb record has been reset since March last year. Mosman’s trophy home market has recorded 15 sales of more than $10 million this year.
The 2400-square-metre property last traded for $4.9 million in 1994. 
It was listed in 2014 with forlorn $40 million hopes.
The six-bedroom main residence features northerly harbour views from the various formal and informal living areas, and comes with a championship-sized tennis court, boatshed and slipway, heated swimming pool and a guest house.
The three-level residence was built by the property developer Bob Rose and his wife, Margaret.
Rose sold it to businessman Wai Kong Lo and Kam Ling Lo in 1994 for $4.9 million. 
The Pridhams are reportedly weighing up a possible subdivision of the Hopetoun Avenue property as it sits on two titles.
The REA board member Richard Freudenstein and wife Jane sold their non-waterfront Burran Avenue home for around $23 million in February on extended settlement terms.
It was listed with <a href="/news/rea-group-director-richard-freudenstein-lists-in-mosman-with-25-million-hopes">$23 million to $25 million hopes.</a>
<div>Their sale of the 1650 sqm offering topped <a href="/expert-insights/buying/pick-a-box-mosman-home-sold-to-property-developer-bryan-rose">Mosman’s $22.45 million</a> record set when property developer scion, Bryan Rose bought his Beauty Point waterfront estate from Chinese interests. The Rose purchase had likely bettered Mosman’s previous high of 2007 when $22.5 million was paid for a harbourfront by then developer Albert Bertini, with that property then resold in 2011 partly renovated, for $19 million to its next-door neighbour, Ros Oatley.</div>
 
 
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Mosman's Hopetoun sells to local banker

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The recently departed ARU deputy Rob Clarke and his lawyer wife Kylie Virtue-Clarke have sold their luxury Mosman waterfront to a Seaforth family.
The price guidance had been between $9.5 million and $10.5 million through Richardson &amp; Wrench agent Andrew Blaxland who was marketed the home as the "closest thing to the Whitsundays on Sydney Harbour".
It last sold at $4 million in 2003.
Designed by architect Patrick Nicholas, the Parriwi Road home comes with boatshed and private beach at low to mid tide.
Mosman has had XX sales above $10 million this year, including Cardross, the long-time Stenmark family home where Susie and Damien raised their four children. 
They accepted a pre-auction offer through Raine &amp; Horne agent Brendan Warner having paid $2.65 million in 1998 when the twins, Jordan and Zac were six.
 
 <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/2018/6/8/MOSMAN%204.jpg" alt="">
<a href="http://www.rwm.com.au/-mosman-nsw-3979160/"></a>This article first appeared in The Sunday Telegraph. 
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