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

Point Cook

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Ballina 234, a new house-and-land package at Point Cook, Victoria fetched $736,000 at weekend hockingstuart auction.
The proceeds raised from the no-reserve auction have been donated to the Maddie Riewoldt’s Vision charity to fund research in the fight against bone marrow failure syndrome.
Designed by Fairhaven Homes, the single storey house at <a href="https://www.realestate.com.au/property-house-vic-point+cook-131150374" target="_blank">12 Joyce Street, Point Cook </a>comprises four bedrooms, rumpus, large open-plan living/meals/kitchen area, covered alfresco area and fully landscaped garden. 
Other features of Ballina 234 include kids’ wing with study nook, designer lighting, driveway and fencing.
The home will come complete with $50,000 worth of furniture and a 12 month Foxtel Platinum Package.
The lucky bidder also received a new Mercedes Benz to park in their new double garage.
<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/2019/6/27/point%20cook%202.jpg" alt="">
Situated on a 425 sqm block within Satterley’s Upper Point Cook Estate, Ballina 234 is just a few steps from Upper Point Cook estate’s recently opened $2.4 million 1 hectare park.
The 1800-lot residential estate won the Best Residential Community Over 250 Lots in the 2018 Urban Development Institute of Australia awards. 
<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/2019/6/27/point%20cook%203.jpg" alt="">
Surrounded by walking and cycling paths, the development features 14ha of open space, parks and playgrounds and brand-new childcare centre. 
The buyers, who plan on moving in, live a few streets away with their two sons and wanted to stay in the area.
 
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j.ballantyne1990-6AQqhLzZaK

Maddie Riewoldt’s Vision charity home at Point Cook sells for $736,000 at charity auction

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Ballina 234, a new house-and-land package at Point Cook, Victoria is set to go under the auctioneer's gavel July 6.
Proceeds raised from the no-reserve auction will be donated to the Maddie Riewoldt’s Vision charity for the fight against bone marrow failure syndrome.
Designed by Fairhaven Homes, the single storey house at <a href="https://www.realestate.com.au/property-house-vic-point+cook-131150374" target="_blank">12 Joyce Street, Point Cook </a>comprises four bedrooms, rumpus, large open-plan living/meals/kitchen area, covered alfresco area and fully landscaped garden. 
Other features of Ballina 234 include kids’ wing with study nook, designer lighting, driveway and fencing.
The home will come complete with $50,000 worth of furniture and a 12 month Foxtel Platinum Package.
The lucky bidder will also receive a new Mercedes Benz to park in their new double garage.
<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/2019/6/27/point%20cook%202.jpg" alt="">
Situated on a 425 sqm block within Satterley’s Upper Point Cook Estate, Ballina 234 is just a few steps from Upper Point Cook estate’s recently opened $2.4 million 1 hectare park.
The 1800-lot residential estate won the Best Residential Community Over 250 Lots in the 2018 Urban Development Institute of Australia awards. 
<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/2019/6/27/point%20cook%203.jpg" alt="">
Surrounded by walking and cycling paths, the development features 14ha of open space, parks and playgrounds and brand-new childcare centre. 
A free family fun day is planned for the July 6 auction with attractions include a footy clinic, the chance to meet AFL stars, food trucks and a performance by singer Harrison Craig, the 2013 winner of The Voice Australia.
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Brand new Point Cook home set to auction for charity

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Homicide Squad detectives have charged a third man with one count of attempted murder following a shooting in Point Cook in February.
The 29-year-old Irish national, from Point Cook, was arrested at a Melbourne airport on Sunday about 9pm.
He was remanded in custody and will appear at Melbourne Magistrates’ Court tomorrow.
The arrest follows the shooting of a 53-year-old Sydney estate agent, Sid Morgan on Thursday 21 February in which detectives are still appealing for public assistance.
Investigators are trying to locate two vehicles, both white Toyota Hilux Rugged utilities, believed linked to the shooting with investigators believing they could be anywhere in the Melbourne metropolitan area or possibly as far north in the state as Nagambie.
Two men arrested in Broken Head, NSW on 27 February in relation to the shooting have each been charged with one count of attempted murder.
The 30-year-old and the 26-year-old, both from Point Cook, were remanded in custody and will appear again at Melbourne Magistrates’ Court on 27 May 2019.
Sid Morgan <a href="/news/estate-agent-sid-morgan-still-on-life-support-after-point-cook-shooting">remains in hospital</a>.
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Police charge third man over estate agent Sid Morgan's Point Cook shooting 

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Sid Morgan, the Hills district estate agent shot in the face in Melbourne, remains on life support.
The update was advised by prosecutors during a court appearance yesterday by two Irishmen charged with his attempted murder.
Prosecutors said Mr Morgan is on life support but defence lawyers claim the description of his condition could be an “exaggeration’’.
Prosecutors in Melbourne Magistrates Court said Sid Morgan remains in an induced coma.
Mark Dixon, 30, and Jack Harvey, 26, were arrested in NSW near Byron Bay last Wednesday over the Point Cook shooting on February 21.
Dixon and Harvey were extradited to Victoria.
Both have been charged with attempting to murder Mr Morgan, 53, in the middle of a street after an argument in the western Melbourne suburb.
 
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Estate agent Sid Morgan still on life support after Point Cook shooting

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Homicide Squad detectives are appealing for public assistance to help locate two men they would like to speak to in relation to a shooting at Point Cook on 21 February.
Warrants have been issued for the arrest of 30-year-old Mark Dixon (who also sometimes goes by the surname Murphy) and 26-year-old Jack Harvey who are believed to be in the Byron Bay area in New South Wales.
The Daily Telegraph reported police raided a Suffolk Park motel room, on the outskirts of the town, yesterday but it had been vacated.
Investigators would like to speak to the two Point Cook men following the shooting of a 53-year-old man at a Spraypoint Drive home about 11pm.
<a href="/news/hills-shire-sydney-estate-agent-sid-morgan-shot-at-point-cook">Sid Morgan, the Hills Shire, Sydney estate agent</a>, suffered serious head injuries after a shot to his forehead in an incident on a Point Cook cul de sac last Thursday evening.
Two men have been questioned by Victoria Police over the shooting that left Morgan fighting for life in the Royal Melbourne Hospital.
Sid Morgan, 53, was shot in the head in Spraypoint Drive at Point Cook about 11pm.
Neighbours said they heard an argument before a gunshot went off.
The Sydney man remains in hospital with life-threatening injuries.
Two Point Cook men, aged 29 and 30, were arrested on Saturday however have since been released without charge.
Dixon is described as 180 cm tall, with a medium build, short brown hair, a fair complexion and speaks with an Irish accent.
Harvey is described as having a slim build, short brown hair, a goatee beard and also speaks with an Irish accent.
Anyone who sees Dixon or Harvey is urged not to approach them and to call Triple Zero (000).
In 1995, Morgan, who previously went by the name of Said, was a detective in NSW police force in the 1990s.
He became aware of allegations that his brother-in-law, Mansour Suha, had been molesting three young girls, two of them his young relatives. He then shot Suha, shooting the man six times.
In 1996 a jury rejected the Crown argument that it was a revenge shooting, finding Mr Morgan instead acted out of fear for the girls' safety.
A jury took 33 minutes to decide his actions were justified. 
He was however refused reinstatement into the NSW police force.
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Irish accented pair sought by Victoria Police after Sid Morgan's Point Cook shooting

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Sid Morgan, the Hills Shire, Sydney estate agent, suffered serious head injuries after a shot to his forehead in an incident on a Point Cook cul de sac last Thursday evening.
Two men have been questioned by Victoria Police over the shooting that left Morgan fighting for life in the Royal Melbourne Hospital.
Sid Morgan, 53, was shot in the head in Spraypoint Drive at Point Cook about 11pm.
Neighbours said they heard an argument before a gunshot went off.
Security cameras captured a ute rushing from the cul de sac.
Three white cars were dusted for prints. 
Police have not yet revealed the motive of the crime. 
Investigators have spoken to a 29-year-old Point Cook man, located at Nagambie, north of Melbourne, and a 30-year-old man in Point Cook.
They were later released pending further inquiries.
Members of the police search and rescue team were set to search the lake at Sanctuary Lakes as part of the investigation.
Morgan promoted himself as <a href="https://www.realestate.com.au/agent/sid-morgan-1907894" target="_blank">The Hills number one agent</a> having been an estate agent since 1997.
His website profile suggests Sid has personally held records in five different suburbs at the one time.
He prompted himself as an agent with a 'Never Say Die' attitude.
His record prices have included a <a href="https://www.realestate.com.au/sold/property-house-nsw-bella+vista-126245378" target="_blank">2017 Bella Vista sale at $3,335,000</a>.
His last sale according to the realestate.com.au website was at Cherrybrook last September.
Throughthe years he has secured sales ranging from a $4.5 million sale at Newport on the northern beaches to $3.35 million at Sylvania Waters in Sydney's south.
The Sunday Herald Sun reported he had been travelling between Melbourne and Sydney where he was still working as a real estate agent. 
Property Observer saw Morgan two weeks ago at a Lane Cove open for inspection of a $8 million seven-bedroom home which was targeting the Chinese buyer, by keeping as many lucky number eight's as possible.
The price guide has been dropped from $8.8 million, which it was when listed last year, to $8,088,000.
The home previously sold at a suburb record when paying $4.25 million three years ago.
The late 1980s home, built from double brick and suspended concrete slab construction, has been opulently renovated throughout.
It has five bedrooms, five bathrooms, a fully self-contained guest quarters and a five car, auto entry garage.
It sits in 1,810 sqm of private resort style grounds which feature a floodlit, championship size tennis court with incorporated basketball court, a solar heated swimming pool and a gym.
The tennis court is one of only a few in the whole suburb.
The marketing says the process of obtaining council approval to turn the property into four luxury three level townhouses with internal lifts is well underway.
Sid Morgan operated Morgan One Stop Realty at Castle Hill, then Morgans.
He launched an innovative virtual office at Castle Towers in 2006.
His virtual office was set to consist of a centralised administration office which Sid Morgan refers to as the mother ship, and satellite offices.
Morgan says each satellite office will consist of a four-workstation unit which can be located in any high pedestrian traffic area.
He had won a Hills Excellence In Business Award for his interactive real estate displays at the front of his office.
The machines, about the size of an ATM, was able to provide buyers with a complete interactive tour of the property.
"I was one of the first agents in Australia, and the first in the Hills district to start using this technology,'' he noted in 2005.
His website noted he ran Morgans Foundation of Hope a charitable organisation having publicly commit 8% of the companies gross turnover to the foundation.
Morgan was a former detective acquitted of murder.
Said Morgan was a detective in the New South Wales police force, and had become aware of allegations that his brother-in-law, Mansour Suha, had been sexually molesting three young girls, including two of Morgan’s relatives. 
Morgan, then known as Said Morgan, was accused of the shooting murder of his brother-in-law, Mansour Suha, on 26 May 1995 at a home at Oakhurst.
 He was not convicted for the killing, because he believed the lives of the children who had been molested were in danger.
He was acquitted of murder and later reinvented himself as a real estate agent.
 
 
 
 
 
 
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Hills Shire, Sydney estate agent Sid Morgan shot at Point Cook

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The mortgagee has listed a brand new Point Cook, Victorian home for auction with a price guide of $600,000 to $650,000.
The house is set for a February 23 auction.
Located at <a href="https://www.realestate.com.au/property-house-vic-point+cook-130344694" target="_blank">12 Bayrise Road</a> the residence is situated inside the Saltwater Coast estate.
Warren Hulstaert and Henry Sun of Century 21 hold the listing.
Set on 400 sqm, the land was last sold in November 2015 for $265,500 after being listed in mid 2015 for $469,500.
DA approval was secured in 2017 for a $250,000 build. 
The four bedroom two bathroom house features, ducted heating, split system downstairs living and master bedroom, roller blinds and room for side access for a boat or caravan.
It is positioned minutes fromr schools, shopping centres, medical centres, public transport and Crocodile Park.
There is a future neighborhood shopping centre with specialty shops is under construction nearby and the Saltwater P-9 College has begun it's first year.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/news">Point Cook</a> is $650,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 5.4%.
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Brand new Saltwater Coast, Point Cook home listed by mortgagee

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A four bedroom two bathroom Point Cook, VIC home sold for $568,000.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-point+cook-129314750" target="_blank">19 Seacoast Street, Point Cook</a> it is minutes from Point Cook Coastal Park. 
The single level home was marketed by LJ hooker.
Featuring a modern kitchen and formal lounge room, the home is set on 400 sqm.
Located in the master-planned Saltwater Coast Estate the home first sold for $279,000 in 2013.
The home has been listed for rent between $360 and $370 a week since its purchase in 2013.
The median house price for Point Cook is $647,000 according to CoreLogic.
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Four bedroom Point Cook home sold by mortgagees

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ASIC has applied to the Federal Court of Australia for the appointment of provisional liquidators to Aviation 3030 Pty Ltd (Aviation) related to that company’s operation of a property investment scheme involving 98 hectares of land at Point Cook, Victoria.
ASIC’s application has been listed for hearing in the Federal Court of Australia in Melbourne on 27 September 2018.
ASIC is seeking:
<ul>
<li>the appointment of George Georges and John Lindholm of Ferrier Hodgson as provisional liquidators of Aviation; and</li>
<li>orders requiring the provisional liquidators to provide a report to the court which sets out, among other things, the identity of Aviation investors (which includes shareholders and unitholders), the financial position of Aviation, and an opinion as to the validity of the issue of 63% of shares in Aviation to a director and former director.</li>
</ul>
The grounds of ASIC’s application include that:
<ul>
<li>there is a justifiable lack of confidence in Aviation’s management;</li>
<li>Aviation issued shares without a prospectus when one was required; and</li>
<li>the Aviation scheme is an unregistered managed investment scheme which was required to be registered with ASIC.</li>
</ul>
Once the provisional liquidators’ report has been provided to the Court, ASIC will consider whether it should seek orders from the Court for the winding up of Aviation and the managed investment scheme it operates through five separate trusts (the Aviation scheme). ASIC will also consider whether to seek orders to wind up all of the trustee companies involved in the Aviation scheme, each of which are controlled by Aviation directors, as follows:
1.      Aviation3030 Investment Pty Ltd
2.      Aviation3030 Holdings Pty Ltd
3.      Aviation 3030 Heng Ly Pty Ltd
4.      Point Cook Aviation3030 Pty Ltd
5.      Aviation 3030 HL Pty Ltd.
Aviation purchased property at Point Cook for $7.8 million in 2011 with a view to rezoning the property to increase the value of 756 Aviation Road. To facilitate the purchase and rezoning of the property, Aviation raised around $10.59 million from approximately 73 shareholders and unitholders. On 13 September 2012 the Aviation property was rezoned from Green Wedge Zone to Farming and appears to have significantly increased in value.
On 6 July 2018 Aviation entered into a contract for the sale of the land at Point Cook. This contract was formally terminated on 17 August 2018 and ASIC is not aware of there being any current sale contract.
ASIC has previously, in 2016, issued court proceedings against Aviation to limit the ability of Aviation to deal with the proceeds of the sale of the Aviation property, pending further disclosures being made to investors about a share issue in 2016 to companies owned by a director and former director, and an opportunity to obtain independent advice concerning their investments.
By agreement with ASIC, Aviation provided corrective disclosure to investors in September 2016 about the 2016 share issue to companies owned by a director and former director. The freezing order was vacated when it became apparent that the sale would not then proceed.
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ASIC moves on Aviation 3030's Point Cook rezoned property play

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A Point Cook three bedroom house with views across the wetlands was listed for $660,000 by mortgagees.
It was offered by Paul Caine and Mac Naidoo from LJ Hoober and came under contract a few days into august.
It was last sold in 2009 for $220,000.
Situated in the highly sought after Featherbrook Estate, <a href="https://www.realestate.com.au/property-house-vic-point+cook-128591606" target="_blank">295 Boardwalk Boulevard</a> consists of three spacious bedrooms, separate study, entertainer's kitchen, sun drenched living zones and undercover alfresco area.
Additional features include a remote control double garage with internal access, downstairs powder room, landscaped gardens, and separate laundry.
Located about 22km from Melbourne's CBD, it has close proximity to parklands, wetlands, Pinnacle Medical Centre and pharmacy, and Freatherbrook Shopping Centre.  
The suburb's median house price sits at<a href="/news"> $642,000</a>, according to CoreLogic. 
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