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 Sale

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2GB rugby league Continuous Call Team member Mark "Piggy" Riddell, the goal-kicking hooker, hopes to score when his East Hills home goes to September 19 auction.
The modernised three bedroom, two bathroom 1999 family home with jetty is positioned with bush and water views across the <a href="https://www.daystar.com.au/buy-residential-real-estate/house-614-henry-lawson-drive-east-hills-nsw-11342101136" target="_blank">Georges River from its 600 sqm block</a>.
"For those who love entertaining, or simply enjoy the appeal of outdoor living, the resort style yard will impress," the Daystar First National listing agent Michael Sleiman said.
"Relax with friends on a lazy Sunday afternoon, or enjoy a BBQ on a balmy summer evening."
It was bought during Riddell's last year at the Parramatta Ells, before heading to play for Wigan in 2009 where he won the 2010 Super League Grand Final with them.
Riddell, who Riddell retired in 2011 at the Sydney Roosters, has his eyes on something at Wallacia.
The median house price in <a href="/news">East Hills</a> is $800,000, according to CoreLogic RP Data.
This article was first published in the Sunday Telegraph
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jchancellor-FAypfDUnLy

Mark "Piggy" Riddell lists at East Hills

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A historic Windsor post office conversion has been sold ahead of auction.
The <a href="https://www.realestateview.com.au/Real-Estate/level-2-153-level-2-153-albert-street-windsor/Property-Details-buy-residential-9354538" target="_blank">2/153 Albert Street</a> property had been listed with $1.8 million hopes through Emma Bloom at Kay &amp; Burton, and sold at an undisclosed price.
The 1900s property was engineered by Sir John Monash. 
The two-storey warehouse conversion, with eight metre high ceilings, has Monash's signature exposed metal trusses.
With original Jarrah floorboards and sky-high metal French doors opening to the streetscape where mail and money was winched up into the safety of vaults.
The two bedroom, two bathroom apartment has a terrace with an outdoor shower with plenty of natural light.
It last traded six years ago when designer Uschi Schwartz saw the potential of the then photographic studio.
The property, close to Chapel Street's cafes, St Kilda Beach, was scheduled for September 12 auction.
The building was built as the post master general’s office, remaining a post office until the mid-1970s, then sat empty until 2004 when it was converted into a photographic studio.
Ms Schwartz, who runs a Richmond arts studio, said she and her property developer husband, Danny saw the potential in the building immediately.
The median house price in <a href="/news">Windsor</a> is $936,000, according to CoreLogic RP Data.
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Historic John Monash Windsor post office conversion sold

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The founder of the mamamia website, Mia Freedman and her husband, Jason Lavigne have snappily found a buyer for their redundant Bellevue Hill home.
It was listed just two weeks ago with hopes of more than $4.8 million following their recent move to the nearby trophy residence, Fintry.
Their former Bellevue Road home sold through D’Leanne Lewis of Laing+Simmons Double Bay was bought in 2004 for $3.175 million.
The entrepreneurial independent digital media couple briefly listed it in 2008 with $4.4 million hopes before withdrawing it from sale. 
Fintry, the starkly white exterior home with Blainey North interiors, was sold to the couple for around $12.5 million by vendor, Somna Kumar and her partner, Macquarie banker Joseph Jayaraj who are now London-based. 
It last traded at $10.2 million in late 2007 when offloaded by the McWilliam family who had bought it from the Heinze family in 1995 for $2.06 million.
It had been longtime home of the late conductor Sir Bernard Heinze, complete with miniature 12-seat theatre fitted out by his son Adrian with Capitol Theatre furnishings.
It was bought in 1957 for 22,000 pounds by Sir Bernard and his wife, Lady (Valerie) Heinze following his move from Melbourne to succeed Sir Eugene Goossens at the NSW Conservatorium.
Set among Sydney´s most prestigious hillside dress-circle residences, the 1930s Fintry comes with panoramic north-easterly harbour, district and ocean views.
It has been a busy time for prestige offerings atop Bellevue Hill where whispers suggest Jamie Douglas, chief executive of Man Investments Australia, and wife, Heather will emerge as the nearby buyer of Godsall House, the home of Bondi Beach bound architect Nick Tobias and his author wife, Miranda Darling.
The Professor Leslie Wilkinson-designed late 1920s bungalow sold on delayed settlement terms through Ashley Bierman and Elliott Placks, of Ray White Double Bay, ahead of its March auction.
Douglas is the former managing director at JP Morgan London’s chief investment office before he joined Man’s hedge fund outfit. 
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Mamamia's Mia Freedman secures snappy Bellevue Hill sale

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The level of residential property sale listings fell nationwide during August, according to new figures released from SQM Research.
According to SQM Research managing director Louis Christopher said it is another surprise result and a reversal of the surge in listings during July.
“Normally listings start to rise in August ahead of the spring selling season. We will wait until the September reading before drawing too many new conclusions on the market,” he said.
National listed properties dropped to 333,923 in August 2015, a decrease of 4.3% from July 2015. The amount of sale listings are down 3.9% from a year earlier. According to SQM Research, a monthly fall in sale listings for August was expected due to abnormally high sale listings for the month of July 2015. 
"Asking prices for Sydney houses continued to climb over July, with a total monthly rise of 1.2% for houses and 0.7% for units. The median asking price for a unit has now reached $630,300, while the median house asking price in Sydney is $1,124,500," he said. 
"In contrast, median asking house prices in Canberra recorded yearly falls with a year-on-year comparison showing a 12 month decline of 4.8% for houses, and 1.4% for units. Perth median asking prices continue to record yearly falls, in particular asking prices for houses are down 4.6% over the last 12 months, and 1.2% for units.
"Year-on-year results indicate that Melbourne and Hobart experienced excessive yearly falls. Melbourne recorded the biggest yearly change, with listings falling by 20%, reducing the number of properties for sale to 35,474. Hobart soon followed with records indicating a yearly change of 12.6%."
<a href="/images/2015/09/04/Screen%20Shot%202015-09-04%20at%2010.17.29%20AM.png" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
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mick.cee-iDmgDDAmu8

National property sale listings fall in August: SQM Research

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Mark Ainsworth, of the Aristocrat pokie clan, is set to emerge as the $7.55 million buyer of a trailblazing Surry Hills warehouse residence.
Gordon Youett and Kerry Yates undertook one of Sydney's earliest industrial conversions in the early 1970s. It last sold in 2004 at $2.5 million to Michael Hayes. 
It still has its heart-shaped swimming pool where Jackie Collins launched her blockbuster novel Hollywood Wives in the early 1980s.
Fashion designer Stuart Membery bought it in 1987 for $750,000 selling later at a heated auction for $1.16 million to his ex-business partner Michael Watson. 
These days it has 52 solar panels that generate $6,000 annual income.
This article first appeared in The Daily Telegraph.
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Mark Ainsworth buys Surry Hills trophy conversion

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Actor Vince Colosimo has sold his Northcote home.
The double-storey terrace, expected to sell for $1.4 million plus, went last weekend for an undisclosed price.
Despite Colosimo's movie credits including the acclaimed Australia-produced Lantana, it was revealed last year Colosimo was working on Melbourne building sites to make financial ends meet. 
<a href="https://www.realestateview.com.au/Real-Estate/86-union-street-northcote/Property-Details-buy-residential-9292976" target="_blank">Nelson Alexander's Grant Leonard</a> was the marketing agent of the Union Street offering. 
It last traded in 2000 at $303,000.
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Actor Vince Colosimo sells in Northcote

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A bumper 1,000-plus car bays are up for grabs in Melbourne as part of an unprecedented property portfolio sale by Singapore's Lim family.
Colliers International’s Matt Stagg, Daniel Wolman, Oliver Hay and Trent Hobart have been appointed to sell two major commercial car parks at 380-406 Queen Street (corner A’Beckett Street), Melbourne and 16-32 Leicester Street, Carlton.
380 Queen Street is expected to attract interest in excess of $70 million, while 16-32 Leicester Street is estimated to sell for around $40 million.
“It is the biggest car park portfolio to be offered for sale in the Melbourne CBD for more than 10 years,” Mr Stagg said.
“On its own, this portfolio is substantial and unique, but current market conditions elevate the offering to an unprecedented level.” 
380 Queen Street is a large, 3,218sqm site that is home to a six-level commercial car park comprising 556 bays, constructed in 1987.
Situated in a high profile location on the corner of Queen Street and A’Beckett Street, it also includes a 1,917sqm ground floor showroom and office.
16-32 Leicester Street is a 2,040sqm site comprising a six-level commercial car park with 454 bays, on the border of the Melbourne CBD.
“The sale of the two properties comes at a time when the number of purpose-built commercial car parks throughout the Melbourne CBD and city fringe is rapidly reducing,” Mr Stagg said.
The car parks may be be purchased as a portfolio.
 The portfolio is for sale by international expressions of interest closing Thursday 8 October, 2015 at 3:00pm.
The Lim family paid $9 million for the larger six level car park on the corner of Queen and A'Beckett Streets and $4.5 million for the Carlton car park at 16-32 Leicester Street in the early 1990s.
The two car parks failed to sell 1999 when they were listed with hopes above $15 million.
Cox Architects have prepared a development scheme for a 71-storey residential tower with 850 apartments on the Queen Street site and 17-storey student housing block with 250 apartments on the Carlton site, but without any development approvals.
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j.ballantyne1990-6AQqhLzZaK

$100 million-plus Melbourne commercial car park portfolio‏

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The warehouse residence at 21 Joy Street, South Yarra sold at weekend Marshall White auction.
It was a <a href="https://www.realestateview.com.au/Real-Estate/21-joy-street-south-yarra/Property-Details-buy-residential-9294720" target="_blank">one-bedroom warehouse-style </a>house once owned by abstract artist Yvonne Audette .
It fetched $1,303,000.
It last sold at $371,500 in 2008 and before than in 1992 at $223,000.
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South Yarra warehouse home sold at $1,303,000

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The fashion designer Natalie Coyle and her husband Scott Sheezel, who run Tilkah boutiques around Melbourne, have sold in McKinnon.
Their three-bedroom property at <a href="https://www.realestateview.com.au/Real-Estate/3-lysbeth-street-mckinnon/Property-Details-buy-residential-9288760" target="_blank">3 Lysbeth Street </a>sold ahead of its scheduled August 29 auction.
Buxton’s Simon Wood secured the $1,705,000 sale.
It last sold at $630,000 in 2006.
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Designer McKinnon cottage sells at $1,705,000

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Inner Melbourne had a preliminary clearance rate of 68.0% from 253 total auctions, according to CoreLogic RP Data's Property Market Indicator Summary for the week ending 30 August.
In the inner south region, 168 properties went to auction -  a clearance rate of 87.2%.
<a href="/images/2015/08/31/Screen%20Shot%202015-08-31%20at%201.03.16%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/31/Screen%20Shot%202015-08-31%20at%201.03.16%20PM.png" alt="">
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