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

Property News

<html><body>
The capital city median house price rose by 1.1.% in October, mainly due to gains in Sydney and Melbourne, according to ANZ Research. 
It now sits at a new historic high of $681,640.
Melbourne house prices jumped 2.2% month on month in October, after falling a similar amount in September. Whilst Sydney house prices rose for the 17th month in succession, with a 1.2% spike.
Melbourne and Sydney were the only cities that had a moderate increase with Brisbane, Perth and Canberra only rising by less than one percent. Darwin, Hobart and Adelaide experienced drops in their price levels.
Capital city median house prices:
<ul>
<li>
Hobart - $340,461
</li>
</ul>
<ul>
<li>
Adelaide - $460,100
</li>
</ul>
<ul>
<li>
Brisbane - $505,247
</li>
</ul>
<ul>
<li>
Darwin - $551,935
</li>
</ul>
<ul>
<li>
Canberra - $622,952
</li>
</ul>
<ul>
<li>
Perth - $631,799
</li>
</ul>
<ul>
<li>
Melbourne - $715,694
</li>
</ul>
<ul>
<li>
Sydney - $868,866
</li>
</ul>
Source: RP Data/ANZ Research
</body></html>

owisniewski-RiYLqnXfKH

Capital city median house price at a new historic high: ANZ

<html><body>
Sydney's house market had the highest growth of any capital city for the quarter to September, according to RP Data.
The Sydney median house price now sits at $792,000, after 4.5% quarterly growth. The next biggest price gain was seen in Adelaide, with 2%.
Three cities – Hobart, Darwin and Canberra – all recorded a house price downturn for the quarter, while Perth was stagnant.
Tim Lawless, RP Data's head of research, said Perth and Canberra had moved past the peak of the current price cycle, while on a yearly basis, " it is clear that the rate of capital  growth is continuing to moderate".
The quarterly house price figures:
<ul>
<li>Sydney</li>
</ul>
Change: +4.5% Median price: $792,000
<ul>
<li>Adelaide</li>
</ul>
Change: +4.5% Median price: $415,000
<ul>
<li>Melbourne</li>
</ul>
Change: +1.8% Median price: $615,000
<ul>
<li>Brisbane</li>
</ul>
Change: +1.5% Median price: $470,000
<ul>
<li>Perth</li>
</ul>
Change: 0.0% Median price: $540,000
<ul>
<li>Darwin</li>
</ul>
Change: -1.0% Median price: $570,000
<ul>
<li>Hobart</li>
</ul>
Change: -2.7% Median price: $330,000
<ul>
<li>Darwin</li>
</ul>
Change: -2.7% Median price: $566,000
 
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jrichardson-uRX5hFdKfN

Sydney house prices streak ahead in September quarter: RP Data

<html><body>
A $6.56 million waterfront mansion was the week's most expensive sale, according to RP Data.
Brookfield, a circa 1898 home, has remained in the same hands since 1955. The mansion sits on a 607 square metre block, with north-east facing gardens.
It cleared the pre-Melbourne Cup week's next most expensive home, a Hunters Hill waterfront house, by $2.36 million. The week's top three sales were all secured by McGrath Estate Agents.
RP Data's top 10 sales:
<a href="https://www.domain.com.au/property/for-sale/house/nsw/balmain-east/?adid=2011458628" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">5 Simmons Street, Balmain East, NSW, 2041</a> <img src="/images/2014/11/04/1.jpg" alt="">
The four bedroom period home sold prior to auction on November 1 through McGrath Estate Agents. It features two wraparound balconies with direct views to the harbour, and an absolute waterfront position.
The house comes with a boat house and two slipways.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/sydney/?adid=2011500391" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">5 Kareelah Road, Hunters Hill, NSW, 2110</a> <img src="/images/2014/11/04/2.jpg" alt=""> This Hunters Hill home sold for $4.2 million on October 31. The contemporary waterfront home is situated on 1,152 square metres on a cul-de-sac.
There are boating facilities including a shared jetty and a drop of pontoon, while the home has a swimming pool which offers city views. Inside, there are four bedrooms, a formal living room that opens onto the outdoor terrace and a rumpus room with courtyard access.
The vendors purchased the property for $900,000 in April 1997.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/sydney/?adid=2011500391" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">33/5 Macquarie Street, Sydney, NSW, 2000</a> <img src="/images/2014/11/04/3.jpg" alt=""> An apartment in the Bennelong complex sold for $3.7 million through McGrath Estate agents. The three bedroom unit has views over the Harbour Bridge and the Botanic Gardens, with two undercover balconies, accessible from all three bedrooms.
With 175 square metres of floor space, the apartment has two spa bathrooms (one an en suite) and an open plan living and dining area.
The seller paid $2.28 million for the unit in 2000. In 2012, it was advertised to rent at $2,500 per week.
<a href="https://www.belleproperty.com/2P6154" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">20 Ryries Parade, Cremorne, NSW, 2090</a>
<img src="/images/2014/11/04/4.jpg" alt=""> This Cremorne house sold at auction on November 1 for $3,675,000 through Belle Property Mosman.
The home, structured as a series of wings, has five bedrooms, a home office, a media room, 250 bottle cellar, a workshop, a dining room and open plan living area, with a central glassed-in terrace. There are multiple balconies, with full height windows and glass doors.
The home cost $3.7 million in 2006, with the vendors making a loss at its sale this week.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-117960815" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">111 New South Head Road, Vaucluse, NSW, 2030</a>
<img src="/images/2014/11/04/5.jpg" alt="">
Laing + Simmons Double Bay auctioned this Mediterranean-inspired house for $3.58 million.
The house, which centres around its outdoor pool, has remained in the same family's hands for 33 years. According to the listing information, there's "further potential to capitalise on a northerly aspect", with a 730 square metre level plot.
The house comes with four and a half bathrooms, front and rear gardens, a formal living room and formal dining room, and informal living and dining areas.
Article continues on the next page. Please click below.
<a href="https://www.realestate.com.au/property-house-vic-brighton-118055711" target="_blank"></a>
<hr class="system-pagebreak">
<a href="https://www.realestate.com.au/property-house-vic-brighton-118055711" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">2 Spink Street, Brighton, VIC, 3186</a> <img src="/images/2014/11/04/6.jpg" alt="">
A $3,525,000 Brighton house is the only Victorian home to appear on this week's top 10 list. The four-bedroom warehouse conversion was sold after auction by Hocking Stuart Brighton.
The home is set over three storeys, with four living zones, a cinema, a wine cellar and study areas. Situated on a corner block, the house also comes with an adjoining commercial space and a rooftop pool.
The sellers paid $850,000 in 2007.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-118070319" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">8 Coolong Road, Vaucluse, NSW, 2030</a> <img src="/images/2014/11/04/7.jpg" alt=""> An Allen Jack+Cottier-designed modernist style house sold for $3.5 million through Richardson &amp; Wrench Double Bay this week.
The five bedroom house has exposed brick walls and "Scandanavian inspired retro vibes" according to the listing. With two storeys, the house has a living room with a balcony, a master wing, study, and a formal living room with walled garden.
It has remained in the same family for 30 years.
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-118068259" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">31 Bundarra Road, Bellevue Hill, NSW, 2023</a> <img src="/images/2014/11/04/8.jpg" alt=""> This four bedroom house sold as a deceased estate through BradfieldCleary Double Bay for $3.46 million.
The home sits on a 720 square metre block, with three bedrooms with balconies and built ins and a fourth study or bedroom. It has north facing living and dining areas and a rumpus room which opens onto the garden.
<a href="https://www.realestate.com.au/property-house-nsw-linley+point-118124843" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">14 Haughton Street, Linley Point, NSW, 2066</a>
<img src="/images/2014/11/04/9.jpg" alt=""> Selling prior to auction, this three bedroom house secured $3.2 million through Blunts Real Estate Lane Cove.
The 1960s brick house, which its listing describes as "an ideal candidate for a cosmetic renovation", sits on an 815 square metre plot with views over the city and Harbour Bridge. It has three bathrooms, a kitchen and meals area, a lounge and dining space which opens onto the patio.
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-117851003" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">24 Mary Street, Hunters Hill, NSW, 2110</a>
<img src="/images/2014/11/04/hunters%20hill%20nov%205.jpg" alt="">
A four-bedroom house was sold on October 28 by McGrath Estate Agents for $2.95 million.
The second Hunters Hill residence on this week's top 10 list, it has various entertaining and living spaces. The 613 square metre property has a heated swimming pool and spa, outdoor entertaining areas and a double car port. Inside, there is an attic retreat, 2,000 bottle cellar, and a commercial grade cool room.
The vendors bought the home four years ago for $2.45 million.
</body></html>

Brookfield at Balmain East tops week’s sales: RP Data

<html><body>
The latest RP Data CoreLogic Home Value Index for October indicates strong growth in a number of capital cities.
Here’s the 12 month growth from largest to smallest across the capitals.
<ul>
<li>
Sydney 13.1% 
</li>
<li>
Melbourne 8.9% 
</li>
<li>
Brisbane 5.6% 
</li>
<li>
Darwin 5.0% 
</li>
<li>
Hobart 4.4% 
</li>
<li>
Adelaide 4.3% 
</li>
<li>
Perth 3.4% 
</li>
<li>
Canberra 0.9%
</li>
</ul>
The combined capitals together recorded an uptick of 8.9% over the year. Over the month of October, prices increased by 1.0%, contributing to a quarterly result of 2.2%.
</body></html>

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How the capitals performed over the past year: RP Data

<html><body>
BRW’s Young Rich 2014 is out and two young property moguls made their debut on the list.
Nine of those on the list had their main industry and source of wealth listed as ‘property’, with the strong property market in some capitals over 2013 and 2014 clearly translating into a strong uptick in wealth. Developers, in particular, seem to have fared well. 
While nine were listed with ‘property’ as their main earning, there were some for whom bricks and mortar boosted their wealth, despite their main industry being elsewhere.
One of these is John Palermo, ranked at 95. Obtaining much of his wealth from financial services, notably accounting, he is said to have “extensive investments in Australian shares and residential and commercial real estate”. The Perth-based director of Palermo Chartered Accountants’ wealth is put at $22 million. The Australian Financial Review refers to him as "riding the crest of the property boom".
Much of the top ranking members of the 100 were involved in the financial services, education and technology industries.
Of course, all our nine young property moguls were men.
When comparing our 9% of property entrants on the Young list to the BRW Rich 200 from June this year it's interesting to note that there were 53 older entrants, or 26.5% of the list, that noted property as their main source of wealth.
While some young property moguls slipped in their overall positions on the BRW Young Rich 2014 list’s ranking, all entrants but one increased their wealth over the past year - some more than doubling their overall value position.
<ol>
<li>
Jonathan Hallinan (BRW ranking: 17) BPM Construction and Development Group Currently worth $113 million, last year he clocked in with $75 million. The 39 year old is up one position on his last year entry to the list. 
</li>
<li>
Luke Hartman (BRW ranking: 20) Metro Property Development This is Hartman’s first time on the list, and at age 38 he has accumulated $92 million in wealth. 
</li>
<li>
Paul Fridman (BRW ranking: 27) Fridcorp Having last made the list with $70 million, he is now down three places, but increased his wealth to $78 million. Fridcorp has been expanding in the Sydney market over the past 12 months, most notably with Eve Apartments in Erskineville. 
</li>
<li>
Tim Gurner (BRW ranking: 28) Gurner At age 32, he now sits at $77 million, substantially more than last year’s $26 million estimation. Having launched his own development company, Gurner, in 2013 after previously developing with Morry Schwartz, he has acquired nine projects including FV in Brisbane’s Fortitude Valley. 
</li>
<li>
Ronnie Elhaj (BRW ranking: 32) Nicheliving Last year ranked at 31 with $63 million, the figure is now estimated at $68 million. He has also started an online business network, and has a 32% stake in WA property development company Nicheliving. 
</li>
<li>
Patrick Coughlan (BRW ranking: 45) Riversdale Group Worth $42 million this year, last year his wealth was estimated at $26 million. The 40 year old’s property wealth is mainly in hotels. His blueprint has been to buy underperforming pubs for rejuvenation, initially in Sydney, and he appears set to take his method to New York. 
</li>
<li>
Paul Fischmann (BRW ranking: 46) 8Hotels Group His $42 million estimation, up $2 million from last year, the 39 year old seen him sell some of his hotels over the past year, including to offshore investors. He is building a hotel near Sydney airport. 
</li>
<li>
Marcus Gilmore (BRW ranking: 58) MLG Realty Having benefited from the mining boom, ranked last year at 47 with $40 million, he is current at $35 million and the only property-related entrant to have a lower estimated wealth figure this year. He owns the Newman Hotel, and has a substantial portfolio of residential property in Perth through MLG Realty, all at 38 years old. 
</li>
<li>
Nick Georgalis (BRW ranking: 76) Geocon Georgalis’ debut on the list, he is estimated as being worth $27 million at age 38. Having founded Geocon, he is said by BRW to have benefitted from the apartment boom of the past 10 years. He has plans to build Wayfarer Apartments, the tallest residential building in Canberra.</li>
</ol>
You can <a href="https://www.brw.com.au/lists/young-rich/2014/" target="_blank">see the full list here</a>.
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The nine young property moguls that made the BRW Young Rich 2014

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A Place to Call Home fans are celebrating confirmation the drama series will return for another two seasons.
Channel 7’s decision to axe the popular Sunday night drama has been reversed, though the third and fourth series will air on Foxtel.
The original cast had been reassembled with filming to resume around Camden and Wollondilly shire early next year with Marta Dusseldorp, Noni Hazlehurst and Brett Climo. 
<img src="https://resources2.news.com.au/images/2014/10/24/1227101/507970-b7ae1c7a-5b53-11e4-8385-6da4e9132476.jpg" alt="The cast of A Place To Call Home will reassemble for a third series with Foxtel." width="650" height="366">
“We are proud to partner with the Seven Network on this landmark deal and ensure that audiences can continue to enjoy this beautifully crafted and elegantly produced series for a further two seasons,” Foxtel executive director of television Brian Walsh said.
Fans of the show were unhappy with the show’s demise mid-year as although its ratings were in decline, it was the most watched Australian drama series of 2013.
The Camelot property has been <a href="/news/camelot-at-camden-is-captivating-as-a-place-to-call-home-location-on-channel-7s-new-1950s-drama-series">the star of the show</a>.
Producer Chris Martin-Jones said Camelot had the look and the feel of a ‘‘beautiful, old money mansion’’.
‘‘The house is unique, there is nothing else like it,’’ owner Rachel Powers told the local paper, said, adding maintaining the historic house was not cheap, she said so the renewed arrangement was pleasing.
<img src="/images/stories/2013/05/placetocallhomemay9one.jpg" alt="placetocallhomemay9one" width="470" height="307">
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jchancellor-FAypfDUnLy

Camelot returns: A Place to Call Home set to restart on Foxtel

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Seven of the 10 most expensive sales of the week were in Victoria, according to RP Data.
But it wasn't enough to push New South Wales out of the top spot, with the <a href="/expert-insights/buying/darlinghurst-apartment-sells-prior-to-auction-for-5-million">$5 million sale</a> of a Darlinghurst apartment in The Residence.
A Federation era Camberwell estate took out the next highest ranking. The four bedroom renovated home sold for $4.45 million.
RP Data's top 10:
<img src="/images/2014/07/04/yellow-one.jpg" alt="">71/18 College Street, Darlinghurst, NSW <img class="img-responsive" src="/images/2014/10/27/darlinghurst_0000_1.jpg.jpg" alt="Darlinghurst apartment sells prior to auction for $5 million"> 
The three bedroom, three bathroom apartment on the 16th floor in the north east corner of The Residence sold for $5 million pre-auction through Laing Real Estate Elizabeth Bay.
It was purchased by the seller for $4.8 million in November 2012.
<a href="https://www.domain.com.au/property/for-sale/house/vic/camberwell/?adid=2011471983" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">22 Victoria Road, Camberwell, Vic</a>
 <img src="/images/2014/10/28/2camber.jpg" alt="">
Tavistock was designed by Ussher and Kemp, the prolific Federation era Melbourne architects who made their mark throughout Melbourne's eastern suburbs. The four bedroom, four three bathroom house has been renovated and extended. Each of the bedrooms has built in robes, while the master bedroom has an adjoining nursery or dressing room.
The home has a north facing sitting room with a marble open fire place, a formal dining room and a living area which extends outside to an entertaining deck with a barbecue kitchen and a pool.
It was sold for $4.45 million through Jellis Craig Hawthorn.
<a href="https://www.realestate.com.au/property-house-vic-canterbury-118042839" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">19 Victoria Avenue, Canterbury, Vic</a> <img src="/images/2014/10/28/3.jpg" alt="">
This single storey Canterbury home sold for $4 million through Kay &amp; Burton Hawthorn. The period residence, with interiors renovated by Neil Architecture, sits on a 1,200 square metre landscaped plot.
The house features hardwood floors throughout, with multiple living and entertaining areas, four bedrooms, two bathrooms and a study. In the west-facing backyard, there is a pool and pool house.
Vendors paid $706,000 for the house in Canterbury's tree lined Victoria Avenue for $706,000 in 1990.
<a href="https://www.realestate.com.au/property-house-vic-williamstown-117978587" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">45 The Strand, Williamstown, Vic</a> <img src="/images/2014/10/28/4.jpg" alt="">
The only Melbourne home west of the CBD to crack to the top 10 this week was a three bedroom Williamstown offering. The bayside house sold for $3,876,000 through Greg Hocking Elly Partners Williamstown.
The 1985 house sits on a 721 square metre plot with 21 metre frontage to The Strand, which runs along the bay. City and bay views are available from almost every room of the home. The house also includes an indoor pool, spa and bar.
Despite its high price, the vendors made a loss on the home, having purchased it in November 2007 for $4,175,000.
<a href="https://www.11malinst.com/" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">11 Malin Street, Kew, Vic</a> <img src="/images/2014/10/28/5.jpg" alt="">
A contemporary home in Melbourne's private school belt sold for $3.61 million through Jellis Craig Hawthorn last week.
The four bedroom house on a 627 square metres has limestone floors, wool carpets and double glazed windows. There are three bathrooms, a lounge and dining area with a wet bar and kitchenette, a main kitchen with butler's pantry, home cinema and store room or cellar.
The living and dining area opens via stacker doors onto an outdoor entertaining area via stacker doors, which overlooks a pool.
Vendors purchased the property for $1,225,000 in 2009.
Article continues on the next page. Please click below.
<hr class="system-pagebreak">
<a href="https://www.domain.com.au/property/for-sale/house/vic/st-kilda-west/?adid=2011454310" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">356 Beaconsfield Parade, St Kilda West, Vic</a> <img src="/images/2014/10/28/6.jpg" alt=""> After 33 years of ownership, the vendor of this modest two bedroom home sold it for $3.2 million.
The St Kilda brick house on a 296 square metre corner plot is located opposite Catani Gardens and within walking distance of Fitzroy Street. The home has 10.1 metres of frontage.
The home currently has a central living room, a double garage and a private courtyard. It sold through Cayzer Real Estate.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/vic/toorak/?adid=2011475018" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">2/18 Grange Road, Toorak, Vic</a> <img src="/images/2014/10/28/7.jpg" alt=""> A first floor apartment in Toorak sold for $3.17 million through RT Edgar Toorak. One of three in the complex, the apartment was designed by the late Melbourne architect Wayne Gillespie.
The apartment with ornate furnishings is situated directly opposite the Toorak Village, and features a wide gallery hallway, granite kitchen and a living and dining area that opens onto an entertaining terrace.
The home also includes three bedrooms, a home theatre room and parking for two cars. The sellers bought it in November 2010 for $3.05 million
<a href="https://www.realestate.com.au/property-house-nsw-mona+vale-118267899" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">24 Rednal Street, Mona Vale, NSW</a> <img src="/images/2014/10/28/8.jpg" alt=""> This four bedroom, four bathroom waterfront home sold for $3.15 million through LJ Hooker Collaroy, the first time it's changed hands in 30 years.
The house has a family living area with wet bar, a formal dining area and a formal lounge with a sandstone fireplace. It features an entertaining terrace, a pool, sauna and lawns that extend to the water's edge.
The property also includes a slipway, a boat storage room and a deep waterfront berth.
24 Rednal Street sold after almost a full year on the market. The owners previously listed it briefly in 2006 with a price guide of $2.1 million, and again in 2010.
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-118019155" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">8 Epping Road, Double Bay, NSW</a> <img src="/images/2014/10/28/9.jpg" alt=""> Raine &amp; Horne Double Bay sold this four bedroom, two bathroom house for $3.1 million.
Sitting on a dual access 273 square metre level block, the house opens onto the garden area, with a heated plunge pool. Each of the double sized bedrooms offers direct outdoor access.
The house was purchased by the vendors in March 2001, who paid $1,667,000.
<a href="https://www.realestate.com.au/property-house-vic-black+rock-118039583" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">26 Love Street, Black Rock, Vic</a> <img src="/images/2014/10/28/10.jpg" alt=""> This north facing bayside home sold for $3.1 million through Buxton Sandringham.
The house has four bedrooms and three bathrooms, with a home office and was built by Pascall Projects. The master wing on the home's lower level features a double ensuite with an Apaiser Stone bath and a mirrored dressing room.
The large kitchen has a butler's pantry, while the lower level living space opens to the outside, with a pool, decks and a pond.
Vendors bought the 606 square metre property for $730,000 in 2004.
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Victorian prestige homes dominate RP Data's top 10 sales of the week

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A view of the Harbour Bridge is a valuable commodity. Its worth has been confirmed in the latest set of data revealing Australia's top 10 most expensive suburbs for units.
Dawes Point, situated in the westerly shadow of the coathanger, has taken top place on RP Data's list of suburbs for unit median prices.
Clocking in with a median of $2,415,280, more than half a million more than its closest competitor Point Piper, the residents of Dawes Point can no doubt justify the substantial outlay with the grandest of elevated views of the famous landmark.
It’s no surprise the list is dominated by Sydney's prestige harbourside suburbs, with only Tennyson, Queensland managing to crack the monopoly.
Tennyson, located 7 kilometres along the Brisbane River from the CDB, has a median unit price of $1,024,147.
The prestige Sydney apartment market is seeing some heat at the moment. Just last week the <a href="/expert-insights/buying/manar-potts-point-apartment-sets-new-record-price">Potts Point apartment Manar</a> (pictured below) was the most expensive sale, according to RP Data, fetching $3.75 million pre-auction.
<img src="/images/2014/10/21/pots%20point_0003_image4.jpg.jpg" alt="Manar, Potts Point apartment sets new record price">
Earlier this year, Property Observer's contrarian commentators Jonathan Chancellor and Margie Blok rounded up <a href="/news/its-still-crowded-atop-sydneys-penthouse-market-offerings">the top penthouse apartments gracing the market at the time</a>.
Chief among them was the trophy penthouse listing at 1 Macquarie Street (pictured below), overlooking Circular Quay.
<img src="/images/2014/03/21/sydney%20march%2021%20one.jpg">
AUSTRALIA'S TOP 10 MOST EXPENSIVE SUBURBS FOR UNIT MEDIAN PRICE:
<ol>
<li>
<a href="/news">Dawes Point</a>, NSW - $2,415,280 
</li>
<li>
<a href="/news">Point Piper</a>, NSW - $1,895,370
</li>
<li>
<a href="/news">Darling Point</a>, NSW - $1,421,921
</li>
<li>
<a href="/news">Millers Point,</a> NSW - $1,226,920
</li>
<li>
<a href="/news">Cabarita</a>, NSW - $1,191,102
</li>
<li>
<a href="/news">Milsons Point</a>, NSW - $1,128,607
</li>
<li>
<a href="/news">The Rocks</a>, NSW - $1,079,725
</li>
<li>
<a href="/news">Cremorne Point</a>, NSW - $1,029,538
</li>
<li>
<a href="/news">Tennyson</a>, QLD - $1,024,147
</li>
<li>
<a href="/news">Huntleys Cove</a>, NSW - $1,013,153
</li>
</ol>
Source: RP Data (click on the suburb name to view more suburb data).
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jake-cSmGT7VXVf

Australia’s 10 most expensive unit suburbs

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Commonwealth Bank of Australia chief Ian Narev has said that the housing market would be able to withstand a dip in prices - as long as there is enough employment to service debts.
“This idea that if property prices dip 10% suddenly everything is underwater and even if it is people will walk away from houses isn’t right," Narev told a Commonwealth Bank fixed income conference in Sydney.
"The key question is can people service the debt. And the key [question] there is do they have a job.”
“The number one thing we look at is the unemployment rate.”
He suggested risks in the housing market were an inevitable consequence of historic low rates, adding that<a href="/expert-insights/buying/new-investors-facing-risk-as-painful-housing-market-correction-likelihood-increases-rba"> </a><a href="/expert-insights/buying/new-investors-facing-risk-as-painful-housing-market-correction-likelihood-increases-rba">Reserve Bank of Australia deputy governor Philip Lowe’s fresh warning</a> on Tuesday about property investors taking on risks was an example of a macroprudential tool. 
“By talking about the risks in the housing market, [Lowe] is already exercising macroprudential tools, which is making people aware of it,” he was reported as saying in the Australian Financial Review.
Narev agreed with the RBA and Australian Prudential Regulation Authority that a further macroprudential tool of limiting low deposit loans via caps on loan to value ratios was not appropriate.
At CBA, the average loan-to-value ratio was 48%, compared to around 20% over the whole economy and a figure in the 60s for the origination of mortgages. It was also important to remember that banks in Australia had full recourse to other assets, which reduced the incidents of default, Narev said.
Narev recently said the bank was satisfied it was holding appropriate levels of equity to withstand any housing market shock after stress-testing the bank’s $400 billion mortgage book.
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Jobs key to property prosperity through any price decline: CBA's Ian Narev 

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A team of Australian designers and architects are on their way to China for a busy Beijing Design Week.
<img src="/images/2014/09/24/beijing.jpg" alt="">
Australian delegates will be building relationships between Australian and Chinese design industries.
The Australian delegation tasked with promoting our design and architecture include Debbie Ryan, founding principle of architecture practice McBride Charles Ryan. The practice is responsible for some of Victoria's standout contemporary homes, including the Klein Bottle House and Fitzroy North's Cloud House.
Oliver Kratzer, chairman of the Australian Design Alliance and Kenneth Cato, the director of Cato Brand Partners, will also be part of the Australian team heading to Beijing.
Other Australians attending the festival include design academics like Ian McArthur, senior design lecturer at the University of New South Wales Art &amp; Design, and Rohan Nicol, head of Gold and Silversmithing at the Australian National University School of Art.
You can keep up with everything that's happening at Beijing Design Week by following <a href="https://twitter.com/BjDesignWeek" target="_blank">@BjDesignWeek</a> or using the hashtag #BJDW2014.
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