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

Paddington

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Celebrity agent John Fordham and wife Veronica are selling their longtime Paddington investment property.
The Woollahra-based couple founded the talent agency The Fordham Company, which is run by their son, Nick.
They paid $730,000 for the 1890s classic weatherboard cottage in 2002.
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Ballard Property agents Sam Towndrow and Clint Ballard have a July 10 auction for the home that has been a near $800 a week rental.
The double-fronted home on 170 square metres has two bedrooms, including a private master retreat occupying the entire second level, complete with its own sitting room and ensuite.
There's an internal courtyard and a private walled north-facing courtyard that opens from the granite kitchen and adjoining study area.
The Fordham's founded The Fordham Company in 1988. 
This article was first published in the Saturday Daily Telegraph.
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Celebrity agent John Fordham lists Paddington cottage

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A William Street, Paddington terrace owned by Christine Tourgelis, the family matriarch of Paddington's famous independent gift and homewares retailer Opus Design, has hit the market.
Tourgelis, who with her husband Tass bought the original Opus Store in 1978 on Oxford Street, spent $590,000 on the 1890s terrace back in 2000.
Since then <a href="https://www.realcommercial.com.au/property-retail-nsw-paddington-503226130" target="_blank">15 William Street</a> has been home to a number of retailers, but never Opus.
It is currently occupied by Wil Valor tailors and G&amp;L Handmade Shoes.
The two level property has two bedrooms upstairs.
There's a private courtyard with rear lane access on the 80 square metre parcel.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/18/William2.jpg" alt="">
It sits next door to fashion designer Sonya Hopkins' luxury knitwear store.
Richard Movsessian at Coastline Agency Maroubra suggests the building is ideal as a residence, gallery or designer boutique to live and work from.
Opus was founded by Christine and Tass in 1968, 10 years before they bought their first store on Oxford Street.
Four years ago they moved to a bigger 500 square metre space on Oxford Street which they converted from an old bank.
They dedicated a second level to furniture, art and soft furnishings.
They also have a sister store, OCTOPUS, on Newtown's King Street, which they opened in 2002.
The family ran business has is currently being run by Chris Tourgelis, Christine and Tass's son.
Their daughter Irene has also worked at Opus for over 15 years.
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jrobinson-rf4aSBido9

Opus Design founders list William Street, Paddington terrace

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Brisbane Bronco's captain Darius Boyd has bought his new property project with wife Kayla.
He's spent $1,205,000 on an original 1930s cottage on 605 sqm in the affluent Paddington, a stones throw from Suncorp.
Boyd snapped up the property just a week into its marketing.
The two level property, which had been used for dual living, has five bedrooms in total, a large upstairs deck and a rear backyard.
Place Paddington selling agent Andrew Degn said the home oozed with potential.
Boyd, whose Broncos sit outside of the top eight, is still waiting for a buyer for the <a href="/news/brisbane-bronco-darius-boyd-lists-hendra-home">Graya Constructions built home in Hendra</a> which was most recently marketed at $1.99 million.
Boyd's Tungan, Gold Coast investment townhouse <a href="/news/brisbane-bronco-darius-boyd-lists-gold-coast-investment-townhouse">has quickly gone under offer</a> after having $475,000 hopes. He paid $427,000 in 2009.
 
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Brisbane Broncos captain Darius Boyd buys next house project

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Paddington is well regarded as a result of it being a well-preserved conservation area for Victorian architecture which is in demand and a lack of supply, according to a recent Herron Todd White (HTW) residential report.
The valuation firm took a look at the way to a blue-chip address at an affordable price across the nation.  
It suggests close proximity to quality schools, the CBD and Bondi Junction only broadens the appeal of Paddington. 
The median house price in Paddington for 2018 was $2.31 million, with the median unit price coming in at $915,000, according to CoreLogic data. 
A recent sale at just under the median price was 32 Napier Street (pictured in title) which sold in January for $2.13 million. The property is a renovated Victorian terrace with three bedrooms, two bathrooms and rear single carport on a 158 square metre lot.
At the unit median price, 1/56 Ormond Street, an updated, 68 square metre, two-bedroom, one-bathroom Art Deco unit with no parking, sold in January for $915,000.
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"Looking at cheaper or entry level options, units provide the best option," says the HTW valuer. 
 An original 1970s, 43 square metre, one-bedroom, one-bathroom unit at 206/176 Glenmore Road (pictured below) sold in January for $617,500. The unit did have a car space although you are compromising on size, condition and the period appeal that other properties in the area provide.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/19/paddo%202.jpg" alt="">
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Another example is that of 29/8 Bennetts Grove Avenue (pictured below) which sold for $880,000 in February. It is a split-level two-bedroom, one-bathroom unit with a nice outlook and parking. Surprisingly, it’s in liveable condition, although ideally you would want to update.
"With this unit you are again forgoing the period appeal and size for a two-bedroom unit, with the living area around 60 square metres," says the valuer.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/19/paddo%203.jpg" alt="">
"Are the compromises worth it? Absolutely, if you want to be in the heart of the action. You’re buying into a premium and highly liveable suburb for well under a million dollars, with the added bonus of a parking space. Even a basic renovation would greatly increase the appeal of these units." 
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The report notes when it comes to units, the quality of the complex makes a big difference. Unit blocks of owner- occupiers are typically more well maintained and have facilities such as pools, gyms, visitor parking and concierge. Often period blocks with a high number of owner-occupiers are well preserved, further enhancing their value.
"The dwelling market within the inner city is largely dominated by owner-occupiers, however some investor activity does occur. Those properties targeted by investors tend to be on smaller parcels of land and often forgo parking. If they are terrace properties they commonly have a narrower frontage.
"As one would expect, investors target lower maintenance, higher yielding properties, often leaving out extras such as common amenities, larger yard, parking or updates to improve their overall return on investment."
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Complex quality is significant factor for Paddington investment's: HTW residential

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An architect designed Paddington home of a Eileen Jones, a former speech writer for two Queensland Governors, Eileen Jones has hit the market in Brisbane. 
Judi O'Dea and Michael Klemeyer of Ray White Paddington have the listing. 
The house at 128 Enoggera Terrace has been offered on the market for the first time in 33 years. 
“My husband and I bought the land in 1986, we built the house and moved in, in 1988. 
“It was very convenient for me, being close to Government House,” Ms Jones said.
Being a top speech writer for more than seven years, her first speeches were for Sir Walter Campbell AC, QC who had been previously been the Chief Justice in Queensland, before becoming the Governor in 1985. 
Set on a 1,108sqm block with 21m frontage, the two storey home comes with large open plan living areas, gourmet kitchen, and L-shaped rear deck.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/paddo%203.jpg" alt="">
The upstairs comprises of separate dining room, family room, formal lounge,  study, power room and master suite. 
Downstairs contains the second living area, three additional bedrooms, second rear deck and 3-car lock up garage with remote-controlled driveway gate.
“It’s perfect for someone who loves to garden,” says Eileen Jones.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/paddo%204.jpg" alt="">
Other highlights of the home include high ceilings, red cedar lined barrel arch, and city views that extend to the Border Ranges in the South. 
It is close to the Paddington Central Shops, cafes, restaurants, and with easy access to transport. 
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Former Government speech writer's home listed 

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The former Paddington home of INXS frontman Michael Hutchence has been put up for rent by its new landlord. 
It was recently sold at $1.72 million ahead of its March auction.
It was owned by Hutchence for a decade until 1995.
Hutchence moved into the two-bedder at 6 Wentworth Street, soon after his purchase, with his girlfriend Michelle Bennett, the star’s first love ... and who he called just before he died in 1997.
The couple lived there together for a period, during which “Michael started to collect some possessions — furniture, paintings," according to the book, Just A Man, The Real Michael Hutchence, by his sister, Tina Hutchence, and late mother, Patricia Glassop.
The cottage has been put up for rent at $1150 a week, down slightly on its $1195 asking rental of two years ago.
It was recently sold at $1.72 million to investor Emily Joseph by Belle agent Zach Carter ahead of its March auction.
The terrace was unsuccessful when listed last year with $2 million hopes with another agent, then relisted with $1.7 million hopes earlier this year.
It’s just the second time it has been up for grabs since Hutchence sold it in 1995, two years before his 1997 death.
Hutchence paid $105,500 in 1985, around the time the record label WEA released Dekadance as a limited edition cassette only EP of six tracks including remixes from the album, The Swing.
Hutchence had previously resided at an apartment block on Kirketon Road, Darlinghurst.
The 1890s semi was sold by Hutchence for $285,500 in 1995, after which it became a $330 a week rental through Farquharsons.
It next sold for $475,000 in 2000, the last time it traded until this year.
The quintessential cottage on a 141 square metre block with fresh all-white interiors has two bedrooms on Wentworth Street.
Carter had suggested its rental return was in the vicinity of $1,100 to $1,200 per week.
The leasing agent Luke Overs said the place had "feel-good vibes".
This article first appeared in The Daily Telegraph. 
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Former home of INXS frontman Michael Hutchence listed as rental

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Businessman Basil Mcilhagga, the Hong Kong-based CEO of mining giant Stibium Group, pulled his long-held Paddington home from its recent auction.
It came with $5.5 million hopes, and a $6 million asking price in the days after the scheduled pre-Easter auction.
Mcilhagga's first purchase was a 300 square metre landholding which had a three bedroom terrace. He paid $540,000 back in 1992.
Seven years later he paid $360,000 for the 120 square metre next door.
Now the <a href="https://www.realestate.com.au/property-house-nsw-paddington-130744770" target="_blank">Caledonia Street property</a> comprises a main house and an adjoining cottage.
The main residence has three bedrooms, two marble bathrooms and an entertainers' terrace with swimming pool.
The cottage has two bedrooms.
Bradfield Cleary agents Bob Guth and Georgie Cleary have the listing.
Another multi-lot Caledonia Street offering from cosmetic surgeon Alia Nasser and her dentist husband Nasser Elhage fetched $7.7 million last weekend, having had $7.5 million hopes through Ben Collier at The Agency.
The couple bought the 450-square-metre property with a central courtyard and swimming pool for $4,779,000 million in 2013, plus a car space across the road with a one bedroom unit.
It comprised three dwellings on three titles.
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Miner Basil Mcilhagga puts $6 million asking price on Paddington home

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Architect-turned-magazine publisher Marcello Grand has sold his Victorian ­Paddington terrace that he attempted to flip late last December when the auction attracted no bids.
The transformed terrace was ­relisted for auction last month, selling last week at an undisclosed price, but understood to be around $2.38 million.
This time its new listing agent Catherine Dixon at Phillips Pantzer Donnelley offered $2.6 million price guidance.
Grand, who established Studio Magazines in the 1980s, paid $2,215,000 in April two years ago.
He spent months reconfiguring the three levels, and added a bathroom.
The council was advised the costings were $150,000.
Set behind a yellow front door, the Underwood Street home still has three bedrooms.
This article was first published in the Sunday Telegraph.
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Studio Magazines founder Marcello Grand sells Paddington terrace

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Sydney architecture firm Bates Smart director Brenton Smith has upsized in the inner city.
Having flipped his Woollahra unit for $2.8 million after a designer makeover, he’s spent $2.9 million on a modernised 1890s terrace in Paddington.
The Paddington Street home with a Euro-inspired renovation featuring sandstone elements has three bedrooms, a rooftop terrace and a private courtyard on 145 square metres.
BresicWhitney sold the home.
It’s a return to Paddington for Smith, who moved from an 1890s terrace to take on the Woollahra project in the 1930s Art Deco building Gainsborough in 2016.
This article first appeared in the Sunday Telegraph.
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Bates Smart director Brenton Smith upsizes to Paddington 

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Dentist Nasser El Hage and his cosmetic surgeon wife Dr Alia Nasser had their Paddington property passed in at yesterday’s onsite auction, but it sold soon after at an undisclosed price, reportedly $7.7 million.
The Caledonia Street holding (above and below) cost $4,779,000 in 2013, along with a further outlay for a one bedroom with car spot across the street.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/Cal1.jpg" alt="">
The couple had just sold their futuristic Renaldo Gaiety-designed home in Sans Souci for a then suburb record of $3,025,000.
The Agency’s Ben Collier saw only the one bid of $7.625 million secured by the struggling auctioneer who sought shade from sun under the glorious olive tree in the private courtyard on the 450sqm property.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/CAL3.jpg" alt="">
A nearby offering is being auctioned next week by Basil Mcilhagga, the Hong Kong-based CEO of gold miner Stibium, who has $5.5 million hopes through BradfieldCleary agents Bob Guth and Georgie Cleary.
Mcilhagga’s initial purchase was a 300sqm corner terrace costing $540,000 in 1992, then adding next door for $360,000 in 1999.
This article was first published in the Sunday Telegraph. 
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