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

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Tomorrow, the Reserve Bank of Australia will release its half-yearly Financial Stability Review.
<img src="/images/2014/09/23/tweet-best-sept-23-one.jpg" alt="">
In the lead up, RP Data's senior research analyst <a href="https://twitter.com/cmkusher" target="_blank">Cameron Kusher</a> has been taking a look at the March 2014 Financial Stability Review, copying the following extract:
"More generally, an upsurge in speculative housing demand would be more likely to generate financial stability risks if it brought forth an increase in the construction of a scale that led to a future overhang of supply and a subsequent decline in housing prices. At a national level, Australia is a long way from the point of housing oversupply, though localised pockets of overbuilding are still possible.
"While the recent pick up in higher-density dwelling construction approvals in Sydney and Melbourne warrants some monitoring, the near-term risk of oversupply in those cities seems low. Indeed, concerns expressed by lenders about possible oversupply in the Melbourne apartment market over the past year seem to have lessened, despite rental yields there remaining quite low."
The Reserve Bank noted that strong investor activity in the housing market may be a sign of speculative demand, an upswing of which "may be more likely to generate financial stability risks" if it resulted in housing oversupply.
While the Reserve Bank seemed largely unworried about oversupply in the last Financial Stability Review, governor Glenn Stevens has <a href="/expert-insights/finance/10-things-to-know-about-september-s-rba-meeting-minutes">expressed concerns</a> over the current rate of property price growth.
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jrichardson-uRX5hFdKfN

Cameron Kusher on the RBA's Financial Stability Review: Tweet of the day

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The Bank of Queensland has agreed to pay $17 million in compensation to victims of the <a href="https://www.smartcompany.com.au/growth/economy/18030-20101223-banks-to-fight-storm-legal-action" target="_blank">Storm Financial</a> scandal.
The Australian Securities and Investment Commission brought action against a number of banks in 2010 after it alleged the banks breached contracts and broke laws under the Trade Practices Act relating to the collapse of Storm Financial in 2009.
The collapsed company left debts of $88 million, with some customers losing their entire investments and homes through the scandal.
<a href="https://www.theaustralian.com.au/business/financial-services/boq-to-pay-17m-compensation-over-storm-scandal/story-fn91wd6x-1227066223358" target="_blank">The Australian reports</a>  the gross payment by the bank to settle the legal action will be $19.7 million, including $17 million for customers caught up in the scandal.
Acting chief executive Jon Sutton said customers eligible for compensation would be contacted and had the option of either accepting a settlement or remaining on their current repayment plan.
“We are pleased to have reached a resolution to this long-running issue and will now work towards providing certainty to the customers who were involved,” he said in a statement.
The Commonwealth Bank and Macquarie Bank have previously agreed to compensate customers.
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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po-LsXgBTHBmX

Bank of Queensland to pay out $17 million in compensation to Storm Financial victims

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The Queensland Office of Fair Trading has ordered an unlicensed Brisbane real estate agent to pay more than $134,000 in fines and compensations.
Despite being unlicensed since 2004, Alisa Phyllis Davies of Arana Hills continued to operate her agency, Jenas Realty Pty Ltd. Davis was fined $6,000 after pleading guilty to one count of acting unlicensed as a real estate agent.
As the sole director of Jenas Realty, she was found guilty of misappropriating trust money and was fined a further $70,000. The business was also fined $50,000 for operating unlicensed and claiming it held a current real estate agent license.
The court heard that the business made a false representation that it had a valid real estate license by sending clients messages with its expired license number.
Davies was also ordered to pay $8,400 in compensation, after receiving rent from a tenant in 2012 and 2013 but failing to pass the $8,400 sum along to the landlord.
All real estate agents are required to hold a valid license under the Property Agents and Motor Dealers Act 2000. Agents must complete training requirements and pass suitability checks to qualify for a license.
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Brisbane unlicensed agent ordered to pay $134,000

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Today marks the start of World Green Building Week, and who better to keep us in the loop than the Green Building Council of Australia.
<img src="/images/2014/09/22/world%20green%20building.jpg" alt="">
Over the next five days, events will be held all over the world to celebrate and educate the public about sustainable building.
This year, the theme is "Get up, green up". Each Green Building Council is holding their own events.
Australian events include networking events for young professionals, webinars, site tours of sustainable buildings and even an open mic night.
You can see the <a href="https://twitter.com/gbcaus" target="_blank">Green Building Council of Australia</a>'s events schedule <a href="https://www.gbca.org.au/events/world-green-building-week/world-green-building-week-2014-industry-events/35723.htm" target="_blank">here</a>.
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World Green Building Week: Tweet of the day

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<img src="/images/2014/09/22/Untitled.jpg" alt="">
A plush home cinema in Victoria got a standing ovation from readers in last week's poll.
We asked readers which home theatre was their favourite, with five options plucked from current market listings.
This offering in <a href="https://www.realestate.com.au/property-house-vic-greenvale-117843851" target="_blank">Victoria's Greenvale </a>secured the top spot (pictured above).
It seems that for many readers, more is more. The home theatre in <a href="https://www.realestate.com.au/property-house-wa-sorrento-116132183" target="_blank">72 Ashmore Way Sorrento, Western Australia, </a>with a sculpted ceiling and leather seats, came in second place (pictured below).
<img src="/images/2014/09/18/4.jpg" alt="">
It was closely followed by the home cinema in <a href="https://www.realestate.com.au/property-apartment-nsw-north+sydney-117701243" target="_blank">7/88 Berry Street North Sydney, NSW. </a>The cinema pictured below has glowing LED lights tucked over its ceiling panels and a more relaxed lounge seating arrangement than some of its contemporaries.
<img src="/images/2014/09/18/1.jpg" alt="">
The unfurnished home cinema in <a href="https://www.realestate.com.au/property-house-vic-toorak-116832791" target="_blank">43 Lansell Road, Toorak</a> was a little less popular, though it offered the most space of any of the home cinemas.
<img src="/images/2014/09/18/2.jpg" alt="">
In last place came <a href="https://www.realestate.com.au/property-house-vic-balwyn-117863915" target="_blank">11 Belgrove Avenue, Balwyn's </a>home theatre, pictured below. The nostalgic appeal of the flip-up seat red cinema chairs, complete with cup holders, wasn't enough to win over voters.
<img src="/images/2014/09/18/3.jpg" alt="">
 
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Poll results: Greenvale home cinema gets five stars

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While national monthly median price changes generate a lot of headlines, Property Observer contributor Pete Wargent is more interested in the view from afar.
<img src="/images/2014/09/19/tweet%20wargent.jpg" alt="">
The AllenWargent property buyers co-founder <a href="https://www.propertyobserver.com.au/https://twitter.com/PeteWargent/status/512761386682699776" target="_blank">noted</a> that Sydney property prices have increased by more than 50% in the past six years, but growth in the smaller cities has been much more modest.
Wargent isn't the only property commentator to note our unbalanced capital city markets. RP Data senior research analyst Cameron Kusher informed Wargent that upon seeing the same figures, some foreign bankers were "extremely shocked at how weak the market is outside of Syd and Melb".
Wargent's take on our lopsided national property markets? "Two speed doesn't even start to cover it".
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Wargent takes the long view: Tweet of the Day

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With high quality movies getting cheaper to download and a night at the cinema more expensive than ever, home theatres are a pretty tempting option.
There's no waiting in line for tickets, no gum under the seats and no shushing your partner when they ask what happened while they were in the bathroom.
Property Observer found five home cinemas on the market. Which is your favourite?
<ol>
<li>
<a href="https://www.realestate.com.au/property-apartment-nsw-north+sydney-117701243" target="_blank">7/88 Berry Street North Sydney, NSW</a> <img src="/images/2014/09/18/1.jpg" alt=""> 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-toorak-116832791" target="_blank">43 Lansell Road, Toorak, Vic</a> <img src="/images/2014/09/18/2.jpg" alt=""> 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-balwyn-117863915" target="_blank">11 Belgrove Avenue, Balwyn, Vic</a> <img src="/images/2014/09/18/3.jpg" alt="">
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-sorrento-116132183" target="_blank">72 Ashmore Way Sorrento, WA</a> <img src="/images/2014/09/18/4.jpg" alt=""> 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-vic-greenvale-117843851" target="_blank">Greenvale, Vic</a> <img src="/images/2014/09/18/5.jpg" alt="">
</li>
</ol>
{mijopolls 36}
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Home cinemas: Which would you pick?

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Former principal of The Strata Agency, Rachael Jena Kwaregen, has been sentenced to 15 months in prison with a non-parole period of nine months after pleading guilty earlier this year to stealing over $1 million from her strata clients.
The former Sydney agent headed the strata management company that collected levies from approximately 5,500 property owners across 240 Sydney-based apartment and commercial buildings.
Kwaregen had her <a href="/news/nsw/former-agent-pleads-guilty-to-1-million-misappropriation-as-nsw-fair-trading-told-to-better-regulate-strata-management">licence cancelled in late-January </a>and was disqualified from holding a licence or from being involved in the direction, management and conduct of the business of a licensee for a period of 15 years. 
Strata Community Australia (NSW) president Grey Haywood expressed his concern over Kwaregen's actions noting that she was not a financial member of SCA (NSW). Haywood said that members who act in this fashion would face possible expulsion due to their code of ethics.
Haywood said that they are grateful for the processes in place by New South Wales Fair Trading to protect consumers affected by Kwaregen’s actions.
“SCA (NSW) encourages all owners corporations to ensure that the strata managing agent they engage is a member of our organisation as this means they undertake ongoing education and training, adhere to the highest ethical standards of conduct and work to best practice,” he said.
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jduke-EHk3XBmHkn

Former real estate agent sentenced to 15 months prison after stealing over $1 million from clients

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Victorian Planning Minister Matthew Guy today tweeted out a picture of the approved mixed-use high rise coming to 97 Franklin Street in Melbourne.
<img src="/images/2014/09/18/tweet.jpg" alt="">
The distinctive 216 metre building, designed by HASSELL, will be developed by Artemis Hotel Group. It's set to hold 367 apartments (including 11 penthouses) and 144 serviced apartments.
According to the architects, the development's three stacked volumes have each been rotated to maximise views and sunlight.
The application to demolish the existing commercial two storey building and replace it with the high rise was submitted in March this year and approved in July.
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Matthew Guy on 97 Franklin Street: Tweet of the day

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The ANZ senior property analyst David Cannington told this week's Bloomberg seminar that recent Sydney house price growth was a catch-up after several flat years, but was set to slow down.
"In 2015 the easy money will come to an end," David Cannington suggested.
"A lot of the market has become complacent and is expecting that it is here to stay.
"However, rates are not going to stay where they are for much longer and as that changes, then that will contain some of the price growth," he said.
Foreign investment - and demand - for high-density housing in Australian cities was important to jobs and development, he added, and an element in property price inflation.
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