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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Having now wrapped up filming for the next season of A Place to Call Home, actress Marta Dusseldorp and her husband Ben Winspear have decided it's time to depart their Paddington terrace.
But their elegant <a href="https://www.realestate.com.au/property-house-nsw-paddington-421895202" target="_blank">Paddington</a> home is advertised as being available for a 12 month plus lease, not sale.
Its rental listing has reignited suggestions that Hollywood might be on the horizon for the couple.
Dusseldorp briefly headed to the US some two decades ago, but couldn't afford to pursue the challenge. 
She has since become an award-winning stage and television actress and being at the top of her game, Dusseldorf signalled recently she could be off to America.
But first up they head to Brisbane, where they both will appear in Joanna Murray-Smith's stage adaptation of Scenes from a Marriage for the Queensland Theatre Company.
The adaptation of the Ingmar Bergman classic sees the real-life power couple Marta Dusseldorp and husband Ben Winspear play the warring spouses. It kicks off in November.
The traditional terrace house, described as both contemporary and true to its 19th Century traditions with high ceilings, ornate cornices, beautiful woodwork, and kauri floors, cost them $2,125,000 in 2013.
<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/2017/09/04/135%20Paddington%20Street-2.jpg" alt="">
They're asking $1,700 a week for the four bedroom home which comes with two renovated bathrooms.
Downstairs living, dining and kitchen areas open to a large courtyard garden through French doors.
Phillips Pantzer Donnelly agents William Hesketh and Katrina Borg are leasing the $1700 a week home. 
Dusseldorp plays the character of Janet King in the 2011 ABC1 drama series Crownies, a role she repreised in the 2014 spin-off Janet King.
But her most notable performance is the lead role in the Foxtel Showcase series A Place to Call Home.
She plays nurse Sarah Adams, who has returned to Australia after 20 years abroad to start a new life and ends up clashing with wealthy matriarch Elizabeth Bligh, played by Nona Hazlehurst.
Season five will air on Foxtel's Showcase on October 8.
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Actress Marta Dusseldorp lists Paddington house for rent

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The former City of Sydney alderman Kathryn Greiner has settled on a luxury penthouse in Paddington - secured on the quiet through The Agency in a unheralded, much needed break-through sale for the new estate agency.
She has spent $4 million on the whole floor penthouse in the award-winning Paddington Green, former Royal Hospital for Women precinct.
It was sold by LHC Capital co-founder Marcus Hughes, who had bought it three years ago for $2.9 million and secured approved plans to reconfigure the indoor and outdoor living space.
A 213 sqm deep landscaped terrace wraps around the 125 sqm three bedroom apartment.
The off-market sale was secured in May through The Agency's Ben Collier in his first penthouse deal.
The unheralded early August $4 million settlement sits amid the Collier team's $175 million in 2017 sales, of which he's calculated $101 million were off-market.
Collier did not enter the most recent REB Top 100 agents rankings, but his prior personal annual sales tally came in at $278 million.
Greiner served as the City of Sydney Alderman from 1995 to 2004.
She first contested the Sydney City Council election in 1995 as an independent aligned with the Liberal Party.
She outpolled sitting Lord Mayor of Sydney Frank Sartor on the primary vote but lost to him on preferences.
Greiner has served as the chair of the ministerial advisory committee on ageing since 2012.
She is heading an inquiry that will see retirement village operators face new regulations and an inquiry from the NSW Government into the sector after local residents and others campaigned for change.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/18/214%20Young%20Street-2.jpg" alt="">
Greiner is the second daughter of the late merchant banker Sir Bede Callaghan, who was chairman of the Commonwealth Bank and Chancellor of the University of Newcastle.
She may be spending her proceeds of the Illawarra coastal retreat that she shared with her ex-husband, former NSW Premier and Federal Liberal Party president Nick Grenier.
They sold the Otford home last year for $2.9 million to interior designer Thomas Hamel.
In 2014 they sold their Federation-era Centennial Park mansion for $6.25 million to homewares importer Margaret Butler.
The former husband and wife power couple married in 1970 and worked in the USA before returning to Australia. living in the upper North Shore's Wahroonga.
They split in 1995, the same year Kathryn was made Alderman of the City of Sydney. They reconciled shortly after but split again a few years ago.
The Agency is also accepting credit for the $18.75 million sale of the Brett Blundy Cattai estate, Sweven which was marketed by a veteran local agency.
Details on the deal have been supposedly subject to strict confidentiality orders, but The Agency's association didn't go unheralded for long. 
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Kathryn Greiner secures Paddington penthouse through The Agency

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Craig Garvin, boss of French-owned dairy company Parmalat, has settled on a revamped Paddington terrace.
The $7.2 million sale makes the contemporary residence the second most expensive in the suburb this year.
The home, which is set up for busienss and residential, has five bedrooms, five bathrooms and a vast office space on the ground level.
It last traded for $3.6 million in 2007. Craig and wife Linda have just sold their long-time Chatswood home pre-auction. It cost $1.14 million in 2005.
Agent Harriet France sold the home, advertising it as "melding Palm Springs modernism with Manhattan sophistication."
Garvin has been the chief executive officer at Parmalat since 2010.
Before joining Parmalat he held senior positions at Star City Hotel and Casino, Arnotts Biscuits and PepsiCo.
This article first appeared in the Daily Telegraph.
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Parmalat boss Craig Garvin buys revamped Paddington terrace

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The fashion designer Collette Dinnigan has shown her passion for Paddington property again.
She's paid $2,225,000 for a reinvented 1900s Victorian terrace on Brown Street.
The home was immediately up for rent through BresicWhitney on settlement.
She was asking $1,200 for the home, which would reflect a 2.8 percent yield, with it tenanted within a week.
The designer home was reconfigured to two bedrooms from three bedrooms after it last traded for $2 million just 10 months ago.
Di Jones agents Jane Schumann and Gary Sands sold the home which features twin fireplaces in the dining room.
Dinnigan and her tourism industry entrepreneur husband Bradley Cocks have announced intentions to launch a Bespoke Homes accomodation website, implementing grand plans as international boutique tourism operators.
Dinnigan is now concentrating on interiors and property development with Cocks, reckoning the world of interiors is not too dissimilar to fashion.
Earlier this year they bought the Georgian-era Paddington cottage of Collette's brother, the creative director Seamus Dinnigan.
They paid $1,925,000 for the 1850s home spanning just 70 sqm. 
Tthey have also quietly picked up a 1915 Darling Point offering which could headline the local rental offerings.
The couple are seeking to sell one of their two Milton, South Coast weekenders through Unique Estates agent Simon Platt at $2.4 million since they recently snapped up Springfield Farm, a European-style abode at Avoca in the Southern Highlands.
Famed international fashion designer Collette Dinnigan and husband, the hotel and tourism entrepreneur, Bradley Cocks, have listed their redundant Milton weekender.
The NSW South Coast former dairy farm, near the seaside towns of Mollymook and Ulladulla, known as Milton Surf and Stables, has brought in $82,000 a year income, mostly using Airbnb. 
The couple have recently snapped up Springfield Farm, a European-style abode at Avoca in the Southern Highlands after returning from their year long Italian sojourn.
The couple have also just secured a 400 year old farmhouse in Puglia in the heel of Italy's boot. They will be converting it into a luxury Airbnb offering after its restoration.
This article first appeared in the Sunday Telegraph.
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Fashion designer Collette Dinnigan buys in Paddington, again

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Splendour in the Grass co-founder Jessica Ducrou and her surfboard shaping partner Dain Thomas have bought in Paddington.
They've paid $3.65 million for a <a href="https://www.realestate.com.au/sold/property-house-nsw-paddington-125252890" target="_blank">renovated Glenmore Road terrace</a>.
More than doubled in price since its last $1.75 million trade in 2013, the three level home is a mix of contemporary and classic.
It has four bedrooms and two bathrooms.
The top floor is dedicated to the master retreat and the lower-level living and dining space is flanked by a courtyard at both ends.
<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/2017/07/Splendour2.jpg" alt="">
Di Jones Eastern Suburbs agents Jane Schumann and Gary Sands sold the home.
The couple have been Byron Bay based at their historic 109 year old farmhouse Killarney.
The two level Queenslander had five bedrooms and an entertaining deck that overlooked the saltwater pool and large cabana. 
Ducroe is the managing director of Secret Sound Group, a company that she runs with music industry veteran Paul Piticco.
The two first combined over 20 years ago, working with Australian rock band Powderfinger.
Piticco was the bands manager and Ducrou was the booking agent.
The two were described by Billboard as two of the Australian music industry's top power players.
In 2001 the two combined to launch Splendour in the Grass in Byron Bay, with Powderfinger headlining the inaugural show.
The following year the two founded Secret Sounds, a full-service tour promotor which is now valued at around $60 million.
Ducroe had founded Homebake Festival in 1996.
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Splendour in the Grass co-founder buys in Paddington

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Filmmaker Jan Chapman, whose The Piano raked in three Academy Awards, has listed her Paddington headquarters of her production house.
She paid $750,000 in 1995 and has been the home to Chapman and her husband Stephen O'Rourke's Saddleback production company.
The 45 sqm shop front has been rented at $950 a week.
<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/2017/07/07/Chapman2.jpg" alt="">
Set on 260 sqm, the three storey Victoria terrace has five bedrooms, although Chapman and O'Rouke don't live in the property.
It has a <a href="https://www.domain.com.au/250-glenmore-road-paddington-nsw-2021-2013634997" target="_blank">guide of $3.9 million</a> through Blomfield Real Estate agent Andrew Blomfield.
The couple reside in Coogee where they have had a home since 1995.
Chapman is the only female filmmaker to receive the Palme d'Or.
 
 
 
 
 
 
 
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Jan Chapman's production Paddington house for sale

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After a major windfall on his transformed Paddington terrace, Juicy Design director Tom Williams and wife Belinda have bought in Bronte.
The couple have paid $5.45 million on the Hewlett Street dress circle overlooking the beach.
The three level, freestanding beach house was advertised as having "huge potential" by Phillips Pantzer Donnelly agent Anthony Puntigam.
The couple sold their Paddington terrace (above) for $7.1 million to CBRE sales director Ben Stewart.
Having paid $2.8 million in 2013 and engaged Steve Koolloos of MCK Architects to design the five bedroom Paddington Street home.
Ben Collier at The Agency sold the home, which only kept the facade and one side wall from its days as an ordinary Victorian terrace, after having an ambitious guide of $6.5 million.
This article first appeared in the Daily Telegraph.
 
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Juicy Design director Tom Williams buys in Bronte

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For the first time in 12 years, a Paddington property is available to the market.
Two of Paddington’s historic terraces, merged into a single home at <a href="https://www.realestate.com.au/property/36-glenmore-rd-paddington-nsw-2021" target="_blank">36 Glenmore Road</a>, are scheduled to go to July 15 auction.
They come with a price guide of $3.6 million.
Michael Roberts fell in love with the 1900 property when house hunting following a relocation from Melbourne.
“It was bigger than I was after but I thought, I’ll have a look,” Roberts said.
"It’s a really tranquil setting within the city.”
Roberts’ three level residence was created by the previous owner, an architect who managed to seamlessly meld neighbouring terraces into one stunning home.
“It’s a great entertaining house because of the large rooms which open up to sunny balconies and courtyards,” he said.
There is secure garaging with internal access, 
Agent Dean Jarman said the four-bedroom, two-bathroom home offers plenty of scope for the next owner to alter according to their needs.
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Double Paddington terrace set for July auction

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Having just upgraded their Southern Highlands retreat, former Canterbury Bulldogs boss Malcolm Noad and high-flying business woman Holly Kramer have now secured a bolthole back in town.
It is a terrace in Paddington which cost $2.1 million.
The renovated home sold through BresicWhitney agent Nic Krasnostein who amended his price guidance to $2,055,000.
The buyers guide on listing had been $1.85 million.
Last traded for $1.44 million in 2014, the minimalist home has two bedrooms and one bathroom.
Marketed as a statement city home in Paddo's heart, the home features a striking yellow door.
It joins the Paddington craze of colourful doors that include the recent $2.85 offering of NRL Titans star Jarryd Hayne who had a garish pink front door contrasting the black facade at his Paddington home that he sold in January.
Paddington median house price sits at $1.66 million for two bedroom houses, according to CoreLogic.
The Paddington bolthole replaces their couple's five bedroom Pymble home which fetched $3.9 million in 2015. 
The couple recently sold their Southern Highlands retreat, Big Sky, for $1,795,000 as they traded up to the $4.1 million Woodhurst Green at Glenquarry. 
Noad has become the gentleman farmer.
Kramer sits on the boards of AMP, Australia Post and Woolworths, but lightened her load when stepped down from the board of Nine Entertainment earlier this year.
This article was first published in the Sunday Telegraph.
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Former Canterbury Bulldogs boss Malcolm Noad buys in Paddington

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A three bedroom house at Paddington has been sold for $4.365 million, which was around $565,000 over its reserve of $3.8 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-paddington-125332142" target="_blank">35 Windsor Street</a>, the property is situated in a tightly held location.
It last sold in 2010 for $2.1 million.
The cul-de-sac location provides a quiet setting for the partially freestanding terrace and has undergone extensive renovations.
Featuring three double beds and two baths all the bedrooms have built-in robes while the master bedroom has an ensuite.
<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/2017/06/22/35%20Windsor%20Street-1.jpg" alt="">
The formal living and dining areas are wrapped around a courtyard.
A double lock up garage with parking for one vehicle can also be used as an art studio.
Five-ways, Oxford Street and public transport are only a short walk away.
The property was offered through Ray White agent Kim Hayes.
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