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

Northbridge

Known for its harbourfront houses and foreshore parks, the lower North Shore is home to some of Sydney’s most exclusive and sought after suburbs.&nbsp;

Once covered in dense forest where no one wanted to live, the area today has transformed into its leafy spectacle, enjoying a tranquillity that almost seems out of place amongst the bustling city.&nbsp;

With the area holding so much appeal, we’ve wrapped up the top apartments currently selling in the lower North Shore.

<h2>Audrey, St Leonards 
Developer: Hyecorp</h2>

Inspired by the lush, green landscape of Newlands Park, Hyecorp’s apartment development, Audrey lands in the heart of St Leonards.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=205547]

Located at 13 Canberra Avenue, the 12-storey Audrey has been inspired by the timeless classicism of New York, with SJB handling the designs of the one, two and three-bedroom apartments.&nbsp;

A number of buyers have taken to the St Leonards project, amalgamating apartments to increase floor space, as the trend continues to boom in the property sector.&nbsp;

The built form of Audrey uses vertical forms with raw and tactile materials to form layers of contrasting elements, playing with light and shade to create a visual distinction between levels and residences.

[smartcode_project:default project_id=110379 project_image_fid=192151]

Expansive proportions are enhanced by panoramic windows, which fram the surrounding vistas, while sculpted balconies and terraces are home to cascading gardens and planters enhancing the indoor-outdoor, as well as providing sweeping views to the park and Sydney city skyline.

Throughout each apartment, expansive proportions are enhanced by panoramic windows, which frame the surrounding vistas whilst drawing in natural light.

The project also delivers a number of curated communal spaces, reminiscent of luxury hotels around the world, with high-level amenity a signature of Hyecorp’s.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=198680]

The expansive sky garden terrace benefits from views across the Sydney skyline and beyond, complete with wood-panelled lounges and dining space, surrounded by lush verdant landscaping, with Audrey also including a pool, spa, training studio, private dining room, music room and a cinema.&nbsp;

<h2>The Lawson Terraces, Naremburn 
Developer: WINIM</h2>

Just a few townhomes remain in WINIM's&nbsp;Naremburn development, The Lawson Terraces.&nbsp;

The&nbsp;wide, north-facing townhomes comprise three-bedroom floorplans with two separate living areas.

[smartcode_project:default project_id=31908 project_image_fid=189116]

On the edge of the natural landscape, the Terraces work with the landform, taking advantage of the sweeping northern exposure and views.

The renowned architecture firm, Rothelowman were tasked with designing the residences, which feature verdant internal courtyards, connecting the project even further with the environment.&nbsp;

The combination of an internal courtyard and atrium garden provide a lightness and fluidity to the homes, while blurring the line between indoors and outdoors.

The ground floor design of the townhouses provides an additional living room overlooking the internal light-well, which can be tailored to suit individual needs and lifestyle. The adaptable space could be transformed into a home office, cinema room, gym, guest accommodation or an informal living room.

[smartcode_project:default project_id=31908 project_image_fid=189111]

The remaining townhouses form part of a wider community, with residents to benefit from a landscaped communal garden with direct access to a reserve, along with a pergola-shaded barbecue area, manicured lawns, and a sustainable orchard garden framed by fruit trees.

Construction is currently underway on The Lawson with completion slated for the early months of next year.&nbsp;

<h2>Tierra, Willoughby 
Developer: WINIM</h2>

The group's 16-home Willoughby project, Tierra has a limited number of opportunities remaining as well.&nbsp;

Located at&nbsp;1-5 Warners Avenue, Tierra is currently under construction with over 90 per cent sold.&nbsp;

[smartcode_project:default project_id=106741 project_image_fid=190776]

WINIM engaged Rothelowman again to design their project, with the Spanish-inspired townhouses comprising a mix of three and four-bedroom floorplans.&nbsp;

Rothelowman's vision was to&nbsp;create a collection of individual homes defined by their detail, layered materiality and strong connection to the outdoor spaces.&nbsp;

While respectful of the area’s heritage and history, Tierra reflects the contemporary evolution of Willoughby.

The architecture and interiors are seamlessly unified by soft curves, while the façade takes on white brickwork and render, which interplays with rich bronze accents.

[smartcode_project:default project_id=106741 project_image_fid=190786]

A gatehouse and sweeping entrance create an impressive arrival, while shady communal gardens and wide pathways bring a sense of calm and greenery to the site.&nbsp;

Located on the edge of a hillside where Willoughby transitions into leafy Castlecrag, Tierra’s district and tree-top views enhance its relationship to its setting, with nature a clear focus throughout the development.&nbsp;

<h2>Haven, Northbridge&nbsp; 
Developer: Blanc Black</h2>

Located within one of Sydney’s most exclusive conclaves comes Haven Northbridge.&nbsp;

The Blanc Black development launched to the market earlier in the year, delivering the only new apartment opportunity in the exclusive Middle Harbour suburb.&nbsp;

[smartcode_project:default project_id=113058 project_image_fid=201941]

Blanc Black Director Luke Kim said the vision for Haven was to capture the essence of living with nature.&nbsp;

“The natural amenity of Sailors Bay Creek and the majestic trees provide a tranquil setting for simple yet sophisticated residences. What we have curated here is more than just property - it’s a lifestyle,” Kim said.&nbsp;

The group engaged architecture firm 3EM Architects to work with interior designer Richards Stanisich and landscaper Dangar Barin Smith to create the 11 apartment project, just across the road from Shore Playing Fields.

[smartcode_project:default project_id=113058 project_image_fid=203560]

Comprising a mix of two and three-bedroom apartments, each of the homes will either open to a landscaped garden courtyard or deep balconies, with brick planter boxes which compliment the overall architecture design.&nbsp;

3EM were inspired by the local nature surrounding the Eastern Valley Way site, in an exclusive haven within Northbridge, which inspired the name.

[smartcode_project:default project_id=113058 project_image_fid=201942]

The amenity was one of the key drivers, everything from cafes and restaurants, to some of Sydney's best schools, as well as the Northbridge Golf Course, Northbridge Sailing Club and Northbridge Baths.

<h2>Nine by Mirvac, Willoughby 
Developer: Mirvac&nbsp;</h2>

ASX-listed Mirvac has also taken to the Lower North Shore recently, delivering a hybrid community to Willoughby.

Nine by Mirvac is located on the grounds of the former Channel Nine studio, with the group dolling out nearly $250 million for the 3.2 hectare site.

[smartcode_project:default project_id=93788 project_image_fid=186245]

442 apartments will be delivered across the entire community, released in various stages across a number of buildings, with Overture and Montage selling now.&nbsp;

Set alongside leafy Laurina Square and facing the public parkland, Overture is surrounded by greenery.&nbsp;

Standing eight-storeys high, the boutique offering features a range of predominantly two and three-bedroom residences, many with district views, while single level garden residences have generous landscaped courtyards and their own private entry.

[smartcode_project:default project_id=93788 project_image_fid=186244]

Montage expresses an air of playful exuberance with its lower levels featuring crafted brick in shades of dappled cream, creating a striking contrast to deep bronze balcony detailing.

The residences within the seven-storey building range from open plan one-bedders to a large north facing penthouse featuring a butler’s pantry, wine fridge and bar.&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=192981]

Adding to its urban appeal, parcel and food delivery lockers are located within Montage and retail is located on the plaza level, in addition to a concierge desk within the impressively large lobby, dialling up the cosmopolitan convenience of the community.&nbsp;

Renewal of the former home of broadcasting will deliver over 6,500 sqm of open space to residents and the Willoughby community, with parks, gardens, a lawn for active play, sheltered barbecues and a children’s playground all penned for the site.&nbsp;

With the area holding so much appeal, we’ve wrapped up the top apartments currently selling in the lower North Shore.



alisonwarters@gmail.com

The top five developments selling on Sydney’s Lower North Shore

Rarely does a brand new apartment development come to market in Northbridge in Sydney&#39;s Lower North Shore, more well known for its harbourfront houses and original apartment blocks.

The recent launch of Haven Northbridge however has given buyers an opportunity to secure a brand new apartment in the exclusive suburb on Middle Harbour, the only brand new project on the market in Northbridge.

Developer Blanc Black have had&nbsp;architecture firm 3EM Architects work with&nbsp;interior designer Richards Stanisich&nbsp;and landscaper Dangar Barin Smith to create Haven Northbridge, a collection of just 11 apartments across the road from Shore Playing Fields.

There is a good mix of two and three-bedroom apartments, which either open to a landscaped garden courtyard or deep balconies with brick planter boxes to compliment the architecture.

3EM were inspired by the local nature surrounding the Eastern Valley Way site, in an exclusive haven within Northbridge, which inspired the name.

Blanc Black Director Luke Kim says the collaboration&nbsp;between the revered trio has resulted in simple yet sophisticated residences in Northbridge.

[smartcode_project:default project_id=113058 project_image_fid=201941]

Kim says most of the enquiry has come from local downsizers and empty nesters, generally already living in the Lower North Shore.

&quot;The typical scenario is that the downsizer couple have a larger, older house in the Lower North Shore and they are considering downsizing into our apartments because it allows them to stay in the area (in which they love) without compromise to the amenity and high-end living that they are accustomed to but with the added benefit of moving into brand new, boutique residences, which are nestled in a convenient location in the prestigious suburb of Northbridge,&quot; Kim says.

Kim says picking Northbridge was a no brainer. He and his family have lived in Northbridge for a number of years, so he has a deep connection with the area.

[smartcode_project:default project_id=113058 project_image_fid=201947]

&quot;We chose&nbsp;Northbridge for our flagship, multi-residential project for the same reason we decided to live here,&quot; Kim says.

The amenity was one of the key drivers, everything from cafes and restaurants, to some of Sydney&#39;s best schools, as well as the&nbsp;Northbridge Golf Course, Northbridge Sailing Club and Northbridge Baths.

Kim says the exclusive suburb offers a good blend of being in close proximity and an easy commute to the CBD, while also feeling like you&#39;re in nature, with the abundance of green open spaces, tree-lined streets,&nbsp;and extensive Sailors Bay and Middle Harbour views.

[smartcode_project:default project_id=113058 project_image_fid=201942]

The Eastern Valley Way&nbsp;site was secured last year.

Kim says he said it is rare to find a site with such serenity and amenity, but convenientialy located close to Sydney CBD, North Sydney CBD and Chatswood BD.

&quot;It is a surreal experience to be on site and surrounded by all the greenery, birds and sounds of water trickling down Sailors Bay Creek, when 5-10 mins ago you were passing the busy CBD and crossing Sydney Harbour Bridge,&quot; Kim says.&nbsp;

&quot;We immediately knew that we would be able to create and curate something beyond a typical apartment project by offering a tranquil lifestyle and experience of living amongst nature and the canopy of trees &ndash; every day.

A builder is expected to be appointed in the coming months, with construction slated for the end of 2022. Completed is expected by late 2023 or early 2024.

Blanc Black have an established track record in the commercial and industrial development space, and expect Haven Northbridge to be the first of many multi-residential projects.

[smartcode_project_cta: project_id=113058]

3EM were inspired by the local nature surrounding the Eastern Valley Way site, in an exclusive haven within Northbridge, which inspired the name

Blanc Black launch first apartment development, Haven Northbridge

Sydney property fund manager and developer, WINIM, has secured a 2,052 sqm site in Northbridge, taking its North Shore portfolio to six boutique residential developments.

The local North Shore developer is set to create a development with a mix of apartments and developments at 46-48a Eastern Valley Way, opposite Shore Playing Fields.

WINIM joint managing director Josh Leahy said the site is ideal for residential as it is within easy walking distance to Northbridge Plaza, Sailors Bay and Warners Park.

He said the residences will be highly sought after by families, resizers or those looking for a luxury house-sized property with minimal maintenance and state of the art finishes.

[smartcode_project:default project_id=31908 project_image_fid=189116]

&ldquo;We engage with our customers from their first meeting with the sales agent. From monthly purchaser updates to quarterly site walks with the team, our customers are, as they should be, a key part of their property&rsquo;s journey.

WINIM&rsquo;s other North Shore projects have seen strong sales from local downsizers or right- sizers over the past six months at an average price of $2.5 million per property.

Set to feature striking, contemporary exterior and interior designs by local architect Rothelowman, WINIM&rsquo;s Northbridge project builds on the group&rsquo;s existing stable of premium, boutique North Shore holdings &ndash; carefully chosen, strategically located, high end properties including OTTO Cremorne and The Terraces Willoughby.

[smartcode_project:default project_id=5864 project_image_fid=57682]

Rothelowman principal architect Ben Pomroy said terraces or townhomes are highly sought after all over Sydney but particularly on the North Shore where space is at a premium.

&ldquo;Along with all of our previous projects for WINIM, a key feature of several of the residences will include private open spaces maximising privacy, lifestyle and entertainment options,&rdquo; he said.

Following the development application approval, the project will be brought to market in late 2021.

&ldquo;Sydney&rsquo;s Lower North Shore is a key part of our residential strategy to develop premium, bespoke, well-conceived owner-occupier projects featuring exceptional design, located in prime tightly held pockets such as Northbridge,&rdquo; Mr Leahy said.

&ldquo;As our sixth residential project to get underway on the Lower North Shore, Northbridge is a significant landmark project which will greatly contribute to the undersupply of premium owner-occupier dwellings in the suburb.&rdquo;

[smartcode_project:default project_id=29965 project_image_fid=189106]

WINIM history

Established by Josh Leahy and Joint Managing Director Justin Kuiters in 2010, WINIM has a history of successfully delivering large-scale master plans, retail complexes, mixed use sites and educational projects. A key focus of the business is delivering high quality Lower North Shore residential properties to existing valued and new customers.

[smartcode_project:default project_id=29965 project_image_fid=189106]

[smartcode_project:default project_id=5864 project_image_fid=57676]

[smartcode_project:default project_id=31908 project_image_fid=189111]

[smartcode_project:default project_id=29387 project_image_fid=189098]

WINIM joint managing director Josh Leahy said the residences will be highly sought after by families, resizers or those looking for a luxury house-sized property with minimal maintenance.



Find out where Sydney developer WINIM has secured its next project

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The five-storey longtime Northbridge home of the late former prime minister Bob Hawke and his wife Blanche d’Alpuget was touted as having been sold for about $15 million.
But the price on settlement emerged as $9.2 million.
Hawke and his then-wife Hazel paid $1.23 million for the three-bedroom knockdown overlooking Sugarloaf Bay in 1991, just seven months before he lost the top job to Paul Keating.
After their marriage ended, the property was kept by Bob and transferred to Blanche’s name in 1999.
Blanche has bought in One30 Hyde Park development for $3.6 million.
This article first appeared in The Daily Telegraph. 
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Bob Hawke's Northbridge home sells at $9.2 million, not $15 million

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McGrath Limited have announced that prestige agent Rose Farina has joined McGrath, as the company acquired her rent roll and business (currently operating as Ray White Northbridge), located in Sydney’s Northbridge region of the Lower North Shore.
CEO Geoff Lucas (pictured middle) said attracting highly respected agents is a strong indicator of continued influence of the McGrath brand.
“Northbridge is an important component of the Lower North Shore market."
He said the acquisition was an "excellent example of prime residential and aspirational family precincts that are part of a continued focus for McGrath and its prominence in this desirable region of Sydney.”
It would supplement the new McGrath offices in Mosman, Willoughby and Castle Cove as well as the company’s well established Crows Nest operation.
Ms Farina (pictured right) has over 25 years experience in the real estate industry, beginning her career as an interior designer. She first honed her negotiating skills with well respected agent Deborah Kerr.
Rose has worked in the local area for 10 years, and together with agents Denise Woo and Jeff Woo, will continue their customer centric approach to selling homes under McGrath.
Outstanding sales in the past twelve months include a record $12.6 million achieved for a 4 bedroom waterfront at 11 Minimbah Road, Northbridge; and more recently the 5 bedroom home at 13 Marana Road that sold after one week for $3,070,000; and an off market $4,535,000 for 3 Weetalibah Road, Northbridge.
McGrath’s presence in the Northbridge area is serviced by existing McGrath agents Alon Beran and Harriet Halmarick and the addition of Rose, Jeff and Denise will reinforce the company’s commitment to the area.
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McGrath Northbridge will be located at 2/155 Sailors Bay Rd, Northbridge.
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Ray White Northbridge's Rose Farina joins McGrath as agency boosts rent roll

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A currently-vacant Northbridge shopfront and office block has come onto the market for the first time in almost a decade.
Located at 146 Sailors Bay Road, the land parcel comprises of 234 square metres.
The building, which operated as Di Jones Northbridge, features 160 square metres across two levels (85 square metres on the ground floor and 75 square metres on the first floor).
There are three bathrooms.
Layout can be changed to divided the listing and provide separate first floor access.
There is also parking for five cars at the rear.
It previously sold in 2011 for $1,325,000.
Paul Hunter, from JLL Sydney, listed the property.
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Vacated Di Jones Northbridge office listed for sale

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Northbridge is a highly regarded suburb with a mix of housing styles, with the most prestigious properties positioned on waterfront land and orientated to incorporate expansive Middle Harbour views, according to a recent Herron Todd White (HTW) residential report. 
Northbridge is an established suburb located approximately 6.5 kilometres north of the Sydney CBD, on Sydney’s Lower North Shore.
On the affordability scale, Northbridge does not often get a mention, having a median house price in 2019 of $3.2 million, according to CoreLogic data. 
"It must be noted however that this median price is down from $3.49 million in 2017, although still not quite in the affordable category for the majority," says the valuation firm. 
"Obviously some serious sacrifices are going to have to be made if you want to live in Northbridge on a beer budget. Waterfront positioning and expansive water views are out of the question, with thoroughfare roads and dated dwellings being the compromises that will have to be made." 
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A very recent sale occurred in Northbridge in January of this year which presents a very good example of such a property.<a href="https://www.realestate.com.au/sold/property-house-nsw-northbridge-129262682" target="_blank"> 27 Strathallen Avenue, Northbridge</a> (pictured above) sold on 23 January 2019 for $1.7 million after being on the market for a reported 140 days (RP Data).
 Strathallen Avenue is a main thoroughfare and the sale comprised a dated circa 1920 dwelling in need of a full renovation. It is also noted that the allotment of this property is of slightly irregular shape and is terraced at the rear, reducing the overall usability of the land.
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"Entry level properties within such a well-regarded suburb, such as 27 Strathallen Avenue at almost half of the median price in Northbridge, surely must have long-term prospects," says the valuation firm. 
The main thoroughfare cannot be removed, but the allotment could be better utilised with development of the dwelling to incorporate the above-mentioned irregularities. There is also rear street access to the property, reducing the access issues of being positioned on a main road and also providing the potential to add a studio at the rear (subject to council approval).
"If these positive attributes can be capitalised upon, then it is worth making the sacrifices to be within this champagne suburb on a beer budget," they concluded.
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Entry level properties within Northbridge have long term prospects: HTW residential

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The five storey longtime Northbridge home of the former Australian prime minister Bob Hawke and his wife Blanche d’Alpuget has been sold reportedly for around $15 million.
Hawke and his then wife Hazel paid $1.23 million for the three bedroom knockdown house overlooking Sugarloaf Bay in 1991, just seven months before he lost the prime ministership to Paul Keating who suggested at the time it signalled Hawke was preparing to move on from the top job.
During construction on the 960 sqm block, the Hawkes stayed at Birchgrove in the townhouse of adman John Singleton and then lived at the then Ritz Carlton Hotel in Double Bay. It was completed in late 1993.
In 2013 Australia’s longest-serving Labor Prime Minister secured Willoughby Council approval for his plans for a rooftop pergola, decking and synthetic turf entertaining area able to be used as a putting green.
After their marriage ended the property was kept by Bob Hawke and transferred in Blanche’s name in 1999.
No estate agent has yet taken credit for the sale - or its reported price by Domain - which ranks as the third highest in Northbridge, behind a $21 million top sale from 2017.
Selling agent Chris Downie of Richardson &amp; Wrench Northbridge declined to comment on the sale.
The house set on the north shore’s Middle Harbour was constructed on a bushy block with views from one of the suburb’s best streets.
The original modest three-bedroom brick house came with jetty, sandy beach and harbour pool.
Hawke and his then wife, Hazel had sold their 1940s Melbourne home in Sandringham in 1986 for $430,000, three years after the family moved to The Lodge in 1983.
Hawke, Australia’s 24th Prime Minister, was born in South Australia’s Bordertown in 1929 and lived there until 1935.
The downsizing couple secured their whisper quiet off market sale with plans to soon relocate to an apartment overlooking Hyde Park in the Sydney CBD. Hawke, who turned 89 last December, has said his health has been “terrible.”
They are believed to have bought in the One30 Hyde Park development where off the plan settlements are due in coming weeks.
The couple borrowed $4.25 million using the Minibah Road Northbridge home as collateral for the financing of the switch.
The 38-storey tower has been developed by Hong Kong-listed developer Aoyuan Property Group in a joint venture with Ecove, the developer behind the controversial Opal Tower building at Olympic Park.
Developer Aoyuan International subsequently sought assurances of quality of the build at One30 Hyde Park at 130 Elizabeth Street. 
Prices in the luxury development started for two-bedroom apartments from $2.1 million and three-bedrooms starting at $3.1 million.
News of the move comes shortly before d’Alpuget’s next book, The Lions’ Torment is published, which her agent described as “Game of Thrones meets Hilary Mantel”.
This article was first published in the Daily Telegraph.
 
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Bob Hawke sells Northbridge home

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The Paolucci Group, one of Western Australia’s large property owners, has moved to sell a prized piece of real estate in the heart of Northbridge.
Located directly opposite Perth City Link and the recently opened Yagan Square, the property at 189–199 William Street is touted as being one of the most highly anticipated development opportunities, forming an integral part of the repositioning of Perth’s urban core. 
The 3,721sqm mixed use site is slated for a transformational development, consisting of two 29-storey towers and one 14-storey tower – home to some 190 residential apartments, 127 hotel rooms, retail, food &amp; beverage amenity and public open space. 
The proposed project, designed by international architects HASSELL, holds potential to create a pedestrian thoroughfare connecting William Street, James Street, Nick’s Lane and Roe Street - becoming the new epicentre of Northbridge. 
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CBRE’s Aaron Desange and Kate Foley are marketing the project on behalf of The Paolucci Group, who has owned the site for 12 years. 
“The opportunity to acquire a privately-owned site of this scale and in this location – which is not a State Government release is truly rare and unlikely to be repeated in the near future," Desange said.
"This is an opportunity to undertake what will be a multi-generational development with long-lasting significance in Perth’s most desirable and fastest evolving urban precinct,” Mr Desange said. 
The property is currently known as Arcade 189 and comprises a two-storey arcade incorporating ground floor retail and food &amp; beverage. 
Tenants include Ezra Pound, No Mafia and Taylorweir International School of Hairdressing on the upper level, in addition to an 89-bay Wilson carpark. The fully leased property provides an annual income of over $1.5 million with a WALE of 3.5 years. 
CBRE selling agent Kate Foley said the opportunity would attract interest from a wide range of buyers, including offshore and domestic developers. 
“The site’s position opposite one of Perth’s largest redevelopment projects, Perth City Link – connecting the city to Northbridge for the first time in 100 years – is a unique opportunity that we expect will be strongly contested,” Foley said. 
“We anticipate strong interest from Asian groups given the attractive holding income, central location, landmark nature of the site and significant scale of development potential. 
"These offshore groups are highly active in the Perth market, with groups from Singapore, Malaysia and Hong Kong – all having secured landmark development sites already.” 
Desange said a number of these groups from Asia are solely interested in the ability to develop premium sites that are then held generationally.
“Market participation for prime sites is generating significant competition among buyers who recognise an opportune time to secure land and benefit from future growth in the Perth market.  Additionally, a number of these offshore parties have access to large amounts of pent up capital and are forming joint venture partnerships with local developers to bolster their onshore expertise.” 
 
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Northbridge development site in WA at heart of suburb's revitalization

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The latest Northbridge prestige offering comes with jetty and deepwater mooring which is not affected by Middle Harbour tides.
It can accommodate a 27 foot motor cruiser or yacht at the bottom of tiered native gardens.  
<a href="https://www.realestate.com.au/property-house-nsw-northbridge-126988726" target="_blank">The three storey, six bedroom home</a> sits on 2,042 sqm with the grounds coming with a championship sized synthetic grass tennis court which was designed in consultation with champion Mark Edmondson.
The Dorset Road home's lower level is dedicated to recreation including full kitchen and billiard room leading out to the pool and alfresco area.
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"Entertaining here is a breeze," says Christie's International listing agent Martin Ross.
The cul-de-sac abuts Northbridge Golf Club and virgin native bushland. 
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<div>The Northbridge record was set last July at $21 million on Coolawin Road, bettering a nearby $15.2 million sale in 2016. There was also a $15 million sale late last year of another Coolawin Road home, which was designed by Alex Popov on a sloping 2010 sqm waterfront.</div>
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