Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Mosman

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The departing Australia Olympic Committee media director Mike Tancred has listed his Mosman apartment, as he seeks his long-planned Lennox Head seachange.
There are $1.3 million hopes for the top-floor Mandolong Road offering.
With views over Middle Harbour from the entertaining terrace, the apartment has two bedrooms and a study. 
Belle Property Manly agent Sandro Petrini has scheduled an October 7 auction, with 20 buyer parties going through at yesterday’s first open house. 
Tancred, who served 18 years at the Australia Olympic Committee, was at Macquarie Links putting in a round of golf. After the AOC announced that Tancred would leave, he told me he’s off to Lennox Head. 
“I’m going to ride my bike, play some golf and swim, and then I will make up my mind on what consultancy work I will do,” he said.” 
He retains Lennox Head commercial investments plus an apartment.
This article first appeared in the Sunday Telegraph.
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Departing Australia Olympic Committee media director Mike Tancred lists in Mosman

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The Sydney Rooster hardman Jared Waerea-Hargreaves and wife, Chelsea have spent $3.1 million upgrading their <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-125477854" target="_blank">Mosman</a> home.
The New Zealand born prop and his wife recently secured the modernised 1920s home.
The purchase would appear to rule out Waerea-Hargreaves's contemplation of a move to the Eastern Suburbs.
He even suggested he liked the idea of "taking over Anthony Minichiello’s title of the ‘Lord of Bondi’."
But his links to the northern side of the harbour proved too strong since he first moved to Sydney, which was ten years ago.
The acquisition is set to be their family home with two year old daughter Zahli-Rae.
The couple, who wed at Byron Bay then Hamilton Island late last year, offloaded a $1.46 million Mosman townhouse ahead of the upgrade to the recently renovated four bedroom home.
<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/2017/08/25/55%20Countess%20Street-2.jpg" alt="">
The two level house features a formal living room with fireplace and a rear garden with courtyard terrace.
The upper level of the home is dedicated to the parent's retreat, comprising a walk-in wardrobe, ensuite with spa and balcony with district views.
Simeon Manners estate agents Simeon Manners and Richard Simeon, who are more often selling homes to the rugby union fraternity than league players, sold the home that had last traded for $1,645,000 in 2003. 
The couple retain a Cammeray investment property.
Waerea-Hargreaves first began his career at the Manly Sea Eagles when scouted despite never playing rugby league.
He'd actually started as a rugby union hopeful at the Waratah's Academy.
After making his debut in 2009, Waerea-Hargreaves became a signing for the Roosters a year later.
He played in the 2010 Grand Final loss to the St George-Illawarra Dragons.
Three years later he avenged the loss by starring in the 2013 Grand Final win against former club Manly.
In 2014 he turned down a lucrative multi-million dollar contract to join the Canberra Raiders after he learnt he was going to be a dad.
The Roosters sit second in the ladder and are well on course for a top four finish.
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Sydney Rooster Jared Warea-Hargreaves upgrades Mosman house

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The prominent economic bear Gerard Minack was one investment analyst who warns of a recession as Australia ended its once in a century mining boom. 
Now he turns up on Monday's Four Corners with the ABC program investigating the forces driving our debt fuelled housing boom.
The program drew together key bearish experts to map the danger zones in the housing market.
It also revealed the Australian suburbs currently experiencing the highest levels of mortgage stress in the boom market.
"I don't know when we get a downturn that pops this, but sure as hell one's coming," he told 4 Corners.
Gerard Minack, the former head of developed market strategy at Morgan Stanley, said Australia had been led down this path by current tax arrangements and lenders who had been increasingly willing to leverage up borrowers.
This, he said, had created “a massive affordability problem” that will exacerbate the pain associated with any downturn.
Australia now has a household-debt-to-income ratio of 190 per cent.
“For every $1 of household income, there’s [nearly] $2 of debt,” Mr Minack said.
Ofcourse Minack quietly upgraded Mosman homes a little while back, with hushed commentary coming from his former colleagues at Stanley Morgan.
He purchased a Mosman property for $4.2 million through agent Ben Svenson at Century 21 Mosman.
The completely rebuilt three storey house is nestled away in a private location with views of Middle Harbour. Locals say he bought well as the block cost $2,725,000 some 10 years ago.
Minack's former Spencer Road Federation has sold for $3.1 million having paid $1.2 million in 1999. His 15 year ownership saw the property value appreciate at an annual rate of 6.45%.
Both homes featured five bedrooms but his new acquisition comes with those prized views.
In 2015 before his purchase Minack forecast when "we get across-the-board unemployment then we’ll get an across-the-board downturn in house prices; it’s just a matter of time."
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Bearish economist Gerard Minack upgrades in Mosman

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The newly appointed Wesfarmers chief financial officer Anthony Gianotti and wife Rosemarie are selling their Mosman mansion.
The couple are set to relocate to the company's head office in Perth.
The three level 500 sqm home with elevated tree top views over Quaker's Hay Bay cost Gianotti $4.9 million in 2015.
It has five bedrooms, five bathrooms, three living rooms and two studies.
Sandstone alfresco terraces overlook the gas heated swimming pool with timber decking and cabana that sit on the 960 sqm parcel.
Simeon Manners agents Simeon and Mark Manners have set an August 26 auction. They have a guide of between $5.9 million to $6.3 million.
Gianotti has been at Wesfarmers since 2004 having began his career at Ernst &amp; Young.
He was appointed deputy chief financial officer in last month.
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jrobinson-rf4aSBido9

Wesfarmers chief financial officer Anthony Gianotti selling Mosman mansion

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A three bedroom Mosman apartment has sold for $4.7 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-mosman-125786674" target="_blank">20B Redan Street</a>, the 342 sqm property is positioned on the Balmoral Slopes.
It was last sold in 1995 for $1.025 million.
It features gardens with views of the harbour as well as dual street access.
There are three bedrooms along with two bathrooms and a designer kitchen.
A large formal lounge, separate formal dining and outdoor terraces with views are also available.
<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/2017/08/06/20B%20Redan%20Street2.jpg" alt="">
One of two duplex properties it is just moments from shops, cafes and Balmoral Beach.
Other features includes a double garage and wine cellar.
The property was offered through Max Walls International agent Anthony Walls.
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Three bedroom Mosman duplex apartment sold for $4.7 million

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Fairfax Media director Patrick Allaway has secured a buyer for his Mosman home that he bought less than two years ago.
The Esther Road home cost Allaway and wife Elizabeth $3.95 million in late 2015. It came with $4.3 million to $4.7 million hopes through Ray White Lower North Shore agent Geoff Smith.
The sandstone, timber and glass home 200 metres from Balmoral Beach has three bedrooms and a barbecue terrace.
Allaway bought the home following the $4.1 million sale of his three bedroom apartment in The Residence at Hyde Park to Fairfax Media chief executive Greg Hywood.
This article first appeared in the Daily Telegraph.
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Fairfax Media director Patrick Allaway sells in Mosman

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Former Olympic sprinter turned Fox Sports presenter Matt Shirvington and author wife Jessica have bought back in to the Mosman market, nearly a year after selling their former lower north shore home.
They've paid around $7.5 million for another Federation-era mansion, this one much bigger, coming with seven bedrooms, a tennis court and a swimming pool with spa.
There's also a self-contained studio above the garage. 
The Raglan Street home last traded for $322,000 in 1980 when it was bought by former WorleyParsons executive Emil Finn and wife Genevieve. 
The Shirvington's sold their former updated 1897 home (pictured main) for $4.15 million last August, scoring the pre-auction sale through McGrath's Michael Coombs.
It was the third time the couple tried to sell the home.
They had paid $2.5 million in 2008.
Fellow Fox Sports presenters have also been busy in the property market.
Louise Ransome and her partner Richard Bayliss bought a Federation home in Kensington this weekend.
Late last year Braith Anasta too was busy assembling the family homes with a couple of properties in Coogee. One for himself and one for his mum.
 
 
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Olympian turned Fox Sports presenter Matt Shirvington buys back into Mosman

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Fairfax Media director Patrick Allaway has listed his Mosman home that he bought less than two years ago.
It was secured following the $4.1 million sale of his three bedroom apartment in The Residence at Hyde Park to Fairfax Media chief executive Greg Hywood.
The <a href="https://www.realestate.com.au/property-house-nsw-mosman-125641814" target="_blank">Mosman home</a> cost Allaway $3.95 million in late 2015.
A blend of sandstone, timber and glass, the Esther Road home 200 metres from Balmoral Beach  has three bedrooms, three bathrooms and a barbecue terrace that overlooks landscaped gardens.
Ray White Lower North Shore agents Geoff Smith and Richard Harding have set a July 6 auction.
Patrick and wife Elizabeth sold their former Mosman home to UBS boss Matthew Grounds for $14 million in 2012.
This article was first published in the Saturday Daily Telegraph.
 
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Fairfax Media director Patrick Allaway lists in Mosman

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The mystery $22.4 million buyer of Mosman’s second most expensive house has been revealed as Bryan Rose, the son of property developer Bob and Margaret Rose.
His purchase, tipped by Fairfax Media, marks a triumphant return to Mosman for Rose, who grew up in the Balmoral Beach trophy home Seacliff.
The waterfront property was sold by Ying Li, from China, who had bought it in 2012 for $20 million.
The Bay Street estate was previously owned by retired car dealer Laurie Sutton and the late TV presenter Bob Dyer. 
It was sold through Mark Manners, of Simeon Manners.
Settlement is expected to confirm the sale price, but it is understood to have topped an underbid of $22.3 million.
Rose owns at Vaucluse where he bought almost a decade ago for $4.62 million.
Rose’s new Beauty Point estate was the home of retired car dealer Laurie Sutton for 35 years after it was sold in 1977 for $376,960 by the late television presenter and quiz show host Bob Dyer and his wife Dolly.
Rose Group was founded by veteran property developer Bob Rose in 1976, and his son Bryan is joint managing director with his brother Stuart.
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Pick a Box Mosman home sold to property developer Bryan Rose

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The downsizing Australian boss of the Godolphin stables, Henry Plumptre and wife Michelle have a new home.
The boss, Dubai Sheik Mohammed bin Rashid al-Maktoum has written a cheque on a $5 million mansion in Mosman.
It comes ahead of a bumper day for the stable at Royal Randwick today in day one of The Championships.
The Mosman home has four bedrooms and two bathrooms with rear decking and swimming pool.
It last traded for $1,775,000 in 2003. 
Richardson &amp; Wrench agent Andrew Blaxland sold the home off market in one inspection with no marketing, the website advises.  
Plumptre's home was secured under the Godolphin company name, as was his former Bellevue Hill trophy home which cost $5.25 million on Bulkara Road home in 2005.
Plumptre has been renting in Mosman since the Bellevue Hill home sold in August last year for $6.85 million, just a week on the market through James Keenan at Ray White Double Bay.
Royal Randwick sees Plumptre's famous Godolphin Blue Army out in full force this weekend.
The Dubai Sheik Mohammed bin Rashid al-Maktoum's Goldophin breeds horses in Australia, France, Japan, Ireland, America and the UK.
This article first appeared in the Daily Telegraph.
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