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

<html><body>
Mosman's Pick a Box home has sold for around $22.4 million, likely to have fallen narrowly short of the $22.5 million North Shore record.
It had been listed two years ago with $25 million hopes by low-key Chinese owner Ying Li, who lives overseas. The buyers are said to be an Australian family from the eastern suburbs who were introduced by Mark Manners at Simeon Manners agent.  
<img src="https://www.urban.com.au/images/2017/03/30/w800-h600-2011950616_1_pi_150501_050358.jpeg" alt="">
It falls around $100,000 short of the Mosman record set in 2007 when developer Albert Bertini spent $22.5 million on a Hopetoun Avenue home, Karawa.
That property was subsequently resold half-renovated for $19 million in 2011 to neighbour Ros Oatley, who had paid a then $15.5 record for Rivendell through Richardson &amp; Wrench agent Robert Simeon in 2001. 
Set on 5,150 sqm, the so-called Pick a Box home ranks as Sydney suburb's largest harbourfront estate comprises a main five bedroom residence and a separate guest house.
<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/2017/03/30/sutton6.jpg" alt="">
A swimming pool, tennis court, slipway, boatshed and tidal beach make up the parcel.
It was the long time home of retired car dealer Laurie Sutton and wife Di, who sold the home to Ying Li for $20 million in 2012.
The Bay Street home had been in the Sutton name for almost 35 years.
<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/2017/03/30/sutton3.jpg" alt="">
The estate was best known as the home of the Pick a Box presenters Bob and Dolly Dyer, who sold it in 1977 for $376,960 when they headed to Queensland.
Despite renovations over the past three decades, there were still traces of the Dyers' day, including the imposing sandstone fireplace in the living room.
The Bay Street tropical holding is like Hawaii meets Hamilton Island on Middle Harbour on Quakers Hat Bay.
<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/2017/03/30/sutton1.jpg" alt="">
Bob Dyer, who was a hillbilly Tennessee vaudeville singer on his arrival in Australia in 1937, had paid £15,068 for the property in 1950, after upgrading from a house on the Balmoral side of Mosman as he earnt increased wages from his radio gig.
Dyer went on to host the television show BP Pick a Box between 1957 and his retirement in 1971.
Dyer, with his raucous "Howdy, customers" greeting, presided over contestants who faced a sudden-death decision of choosing between "the money or the box" with the secret prize.
</body></html>

firstname1-iYD4UYzvBa

Mosman's Pick a Box house sells for near North Shore record

<html><body>
Hong-Kong based banker David Sarkis has spent $3,865,000 on a family entertainer in Mosman.
Set well back from the street, the<a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-123543542" target="_blank"> five bedroom luxury home </a>is spread over two levels.
There's a fully tiled lap pool accompanying a central alfresco entertaining area, which is accessible from the kitchen and living spaces.
Richardson &amp; Wrench agent Andrew Blaxland sold the home.
Sarkis has previously worked at Merill Lynch and Deutsche Bank.
</body></html>

Hong-Kong based banker David Sarkis buys in Mosman

<html><body>
A 1900s bungalow at Mosman has been sold for $5.58 million, making it Sydney's most expensive sale this weekend.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-124763630" target="_blank">12 Edwards Bay Road</a>, the property has been held by the same family for 50 years.
The property is a single level layout with multiple living zones that leads to the outdoor along with a north facing aspect.
The formal lounge/dining is positioned with views over Balmoral Beach.
<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/2017/03/19/12%20Edwards%20Bay%20Road-2.jpg" alt="">
The property was offered through McGrath agents Michael Coombs and Adrian Bridges.
</body></html>

j.ballantyne1990-6AQqhLzZaK

1900s Mosman bungalow sold for $5.58 million

<html><body>
Armada fund manager boss Christopher Monaghan and wife Kerry have bought back their Mosman home for $7.1 million.
Their purchase was considerably less than the $8 million plus price guide it had a year ago.
It was in 2010 they relinquished the keys to Future Fund founding board member Susan Doyle and her veteran equities husband Richard Douglas, selling for $5.8 million.
The <a href="https://www.realestate.com.au/property/22-david-st-mosman-nsw-2088" target="_blank">contemporary four bedroom home</a> on 766 sqm has a 26 metre lap pool with sandstone water feature, set in a landscaped backyard by Secret Gardens.
Doyle has paid $4.25 million for the Potts Point sub-penthouse of veteran Universal Music exec Janine Ashton.
The Pomeroy apartment with two bedrooms and harbour views had been on and off the market for six years.
Ashton had paid $2.25 million in 2004.
 
</body></html>

Fund manager boss in costly $1.3 million Mosman buyback

<html><body>
Former ANZ banker Steve Bellotti has sold his Mosman mansion for reportedly more than $10 million.
Concluding a three-year sales campaign, the result falls short of Bellotti’s initial $13 million hopes.
It was listed following his purchase eight doors away for $9.5 million.
The<a href="https://www.domain.com.au/32-iluka-road-mosman-nsw-2088-2012995119" target="_blank"> Iluka Road</a> home came with a revised guide of between $10 million and $11 million through McGrath agent Michael Coombs.
Bellotti paid $9 million in 2010 for the 1150-square-metre property overlooking Taylors Bay which was designed by architects Gartner Trovato in 2009.
Bellotti resigned as global head of markets for ANZ in late 2015.
<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/2017/03/10/32%20Iluka%20Road-2.jpg" alt="">
 
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Steve Bellotti's Mosman mansion sold for more than $10 million

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A classic house at Mosman has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-mosman-124810558" target="_blank">30 Esther Road</a> overlooking Middle Harbour, the 1926 home is a four-bedroom, two-bathroom residence.
<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/2017/03/09/30%20Esther%20Road-2.jpg" alt="">
It has been listed by former merchant banker and current chair of London City Equities, Peter Murray,
He is downsizing after 43 years.
It has been listed with Tim Foote of Belle Property for auction on March 25.
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Classic 1920s Mosman house listed for sale

<html><body>
BWM Group founding partner and adman Rob Belgiovane has settled on his $6.5 million purchase of the Mosman home of former BOQ chief Stuart Grimshaw.
Grimshaw had paid $4.85 million for the <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-124057046" target="_blank">four level Chinaman's Beach home</a> in 2011.
Offered with a private beach, the home was designed by architect Guy De Compeigne and has five bedrooms and four bathrooms.
The sale came with a DA approval with Burton Kay Halliday designs.
Grimshaw and wife Anneliese are off to Texas, where he has taken a role as the executive chairman of pawnbroking US EZCORP Group.
Belgiovane has lived in the expensive suburb before.
He sold his renovated Balmoral slopes home for $5,575,000, well over double his $2.46 million purchase in 2011.
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Adman Rob Belgiovane settles on former BOQ boss home in Mosman

<html><body>
Channel 7 Sunrise sports presenter Mark Beretta and wife Rachel have upgraded in Mosman for a second time.
The legal paperwork shows their $6,025,000 purchase of a home, much closer to the Balmoral beach.
It was the first time the five bedroom home had traded in over three decades.
The 1992 built home on the Balmoral Slopes offers postcard views of Middle Harbour from several alfresco spaces.
The master suite spans across the whole top floor with its own private terrace.
A covered alfresco terrace came with a built-in eight person spa and a seperate sauna room. There's also a heated swimming pool.
Andrew Blaxland at Richardson &amp; Wrench sold the home pre-auction.
It's the third home the couple have owned in the pricey lower north shore suburb.
They sold their five bedroom Lennox Street home for $5.4 million in November.
They transformed the Federation home they paid $2.8 million for in 2011. It was built at the turn of the century for the Mosman mayor.
The Geelong born Beretta had been a 10 time Australian water-ski champion before beginning his career in the media.
In 1989 he started working on Geelong radio station 3GL, before moving to Triple M Melbourne.
He began presenting Seven Early News sport in 2008 alaongside Natalie Barr at 5.30am, which leads into Sunrise. 
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Sunrise's Mark Beretta upgrades in Mosman for third time

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The $14 million former Mosman residence of securities trader Neale Muston has been bought by the family behind one of China’s leading fashion brands, Goelia.
The Casey Brown Architects-designed residence sold late last year through McGrath agents Michael Coombs and John Melville.
The buyer’s agent Deborah West was amid the negotiations which fell short of the $14.5 million plus price guidance.
The purchaser has emerged as Daisy Dongying He, wife of Goelia president Gordon Qiming Hu.
The couple own on South Australia’s Kangaroo Island where they have development plans for a tourism retreat on their 100-hectare winery.
</body></html>

Neale Muston sells Mosman home for $14 million to Chinese fashionista family

<html><body>
Mosman is the most expensive suburb in Sydney to currently buy a house in an active market, according to Investar’s latest report.
The property investment firm says that Mosman’s median house price increased by 28 percent last year to $4,250,000.
This is followed by Bronte with $2,950,000 and Killara with $2,850,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="55">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="117">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Mosman
</td>
<td valign="top" width="55">
2088
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$4,250,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bronte
</td>
<td valign="top" width="55">
2024
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="117">
$2,950,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Killara
</td>
<td valign="top" width="55">
2071
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,850,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Roseville
</td>
<td valign="top" width="55">
2069
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,700,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Seaforth
</td>
<td valign="top" width="55">
2092
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,550,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Turramurra
</td>
<td valign="top" width="55">
2074
</td>
<td valign="top" width="60">
5
</td>
<td valign="top" width="117">
$2,500,000
</td>
</tr>
</tbody></table>
A five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-122579750" target="_blank">35 Upper Almora Street</a> (above) was sold recently for $4,620,000.
Similarly a five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-122679478" target="_blank">12 Carrington Avenue</a> (below) was sold for $4,700,000.
<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/2017/01/09/12%20Carrington%20Avenue.jpg" alt="">
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