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

Ray White

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Ray White Rural has appointed Adrian Knowles (pictured above) as the state manager for Ray White Rural and Livestock in Queensland.
Hailing from Central Queensland, with the country in his blood, Knowles expects to drive an ambitious growth and productivity plan.
The former real estate agent and corporate business growth specialist said his focus will be to provide corporate support to the rural business owners in Queensland.
“There’s never been a tougher time on the land due to the oppressive drought so I am here to lend support,” Mr Knowles said.
“I also have ambitious plans to help our owners with their recruitment  and business growth.”
Ray White Rural Queensland has almost 60 business across the state.
The extended Ray White Rural and Livestock corporate team includes chairman Paul White.
CEO of Ray White Rural and Livestock Stephen Nell said this was at an important time in the company’s growth.
“This year is our 25th year of operation and with over 100 offices and over $1.6B in sales annually, we are ensuring our members have the best resources to run strong local businesses,” Mr Nell  said.
The steam includes business development executive Jez McNamara; and head of innovation Lyndsey Douglas.
The other state managers are (Victoria) Jason Hellyer and (NSW) Stewart Gordon.
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Ray White Rural appoints Adrian Knowles

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The Gold Coast had close to 100 auction offerings offered under the hammer yesterday in Ray White's 24th annual big January auction, The Event.
The auction saw a clearance rate of nearly 50 percent, with a total of $19 million in property sold under the hammer.
There were 230 registered bidders over the day, with homes selling from $118,000 to $1.1 million.
The highest price paid under the hammer was $1.1 million for a three-bedroom apartment at Rivage Royale, in Southport. Similar units have sold for $1.2 million in recent times.
A five-bedroom waterfront home at Biggera Waters, north of Southport, sold for $1.01 million
The lowest sale was $118,000 for a hotel suite at <a href="https://www.realestate.com.au/property-unit-qld-surfers+paradise-128374418" target="_blank">Mantra on View in Surfers Paradise</a> through Glenn Shillig.
The unit comes fully furnished.
There is another in the same block for sale by private treaty at $135,000, with recent sales from $110,000.
The body corporate fee is $65 per week, council rates $62 per week and water $25 per week. 
All electricity and building insurance is fully paid by the hotel operator.
Owners have the benefit of staying up to 28 days and pay only 12% of the room tariff plus an exit cleaning fee of $69.50.
A recent offering suggested rental income was $14,500 pa.
A one-bedroom unit at Southport was declared on the market at $190,000, and sold at $195,000.
More than 2000 people passed through the doors of the Royal Benowa Ballroom at the RACV Royal Pines Resort throughout the day with an even split between Gold Coast and interstate buyers.
RWSP CEO Andrew Bell said the atmosphere in the room was the "most energetic we’ve seen in some time."
“The level of enquiry for The Event was significantly more than we anticipated, with some properties receiving between 80 to 100 inspections over the marketing campaign, and others a very healthy 40 to 50 inspections,” he said.
Mr Bell identified two significant groups of buyers.
“The first was locals looking to upgrade or downgrade or simply enter the market for the first time as they’ve found prices more attractive. 
“The second, almost equally sized group, were the migrating baby boomers out of the southern states who have been buying Gold Coast property at unprecedented levels.” 
The mix did not include many oversea buyers.
Younger bidders picked up many of the offerings which averaged around $400,000.
One young couple secured a three-bedroom, two-bedroom entry-level property at Ashmore, inland from Surfers Paradise, at $498,000.
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Ray White Surfers see energetic auction bidding at The Event 2019

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Ray White Double Bay’s leading residential agent Gavin Rubinstein has added Bradley Plos to the team.
Plos has been described as a "young, energetic prodigy."
Rubinstein, the director of The Rubinstein Group, said at the core of the team's focus is providing the best possible customer service.
“Energy, hunger and drive are critical in this business and surrounding yourself with those who possess these traits will only make you more effective for your clients.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/18/Rubin-team.jpg" alt=""> Rubinstein and his team before the latest recruitment.
“Bradley certainly has those characteristics which is exciting, and I believe he will be yet another point of difference to the value proposition TRG has to offer," Rubinstein said.
"At the end of the day for us, the bottom line is always being vendor focused.” said Mr Rubinstein.
Plos is a new convert into the real estate industry, having only started sale at Hudson McHugh in late 2017.
According to realestate.com.au, he had one sale to his name, a unit in Ashfield which sold last year.
 “I’m extremely excited to be joining Gavin and his team and welcome the pressure that this level of the industry demands," Plos said.
"I feel I have a lot to give and I am thankful for the opportunity.”
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jrobinson-rf4aSBido9

Gavin Rubinstein adds Hudson McHugh agent Bradley Plos to his team

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Ray White have their big January 2019 auction, The Event scheduled for January 28.
Around 100 offerings are set to go under the hammer.
<a href="http://theauctionevent.com.au/" target="_blank">The Event</a> has been going for 24 years.
"This year’s could be the most interesting so far,” says Andrew Bell, chief executive officer of Ray White Surfers Paradise Group.
The Ray White Surfers Paradise Group is gearing up for its big annual auction program which is set to cap off the busy Australia Day long weekend on the Gold Coast.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
<img src="https://www.urban.com.au/images/2019/1/18/Surfers%20apt%202.JPG" alt="">
One property being taken to The Event is <a href="https://www.propertyobserver.com.au/https://www.rwsp.net/properties/residential-for-sale/qld/broadbeach-4218/apartment/2019205" target="_blank">610/22 Surf Parade, Broadbeach</a> (pictured above), a two bedroom two bathroom apartment with city and hinterland views.
With 93 sqm the unit has an estimated weekly rental income of $468 per week and outgoings for body corporate at $5,970 per year, GCCC rates: $3,570 per year and GCCC Water at $1,775 per year.
The home was last sold in 2006 for $485,000.
The property was listed for 675 days from 2013 to 2015 listed AT $249,000.
<img src="https://www.urban.com.au/images/2019/1/18/Surfers%20apt%201.JPG" alt="">
Another property being taken to auction is <a href="https://www.propertyobserver.com.au/https://www.rwsp.net/properties/residential-for-sale/qld/surfers-paradise-4217/apartment/2024000" target="_blank">109/1-8 Paradise Island Drive, Surfers Paradise</a> (pictured above), a one bedroom one bathroom unit being taken to auction.
With an estimated weekly rental return of $360 to $390 per week, the apartment's outgoings are body corporate of approximately $95.00 per week, council rates of approximately $59 per week and water of approximately $27 per week.
Located within easy reach Surfers Paradise beaches and the entertainment precint the listing notes that the owner is "extremely motivated and will even sell prior to auction."
Bell expects 2019 to be a pivotal year for the property market due to a looming federal election.
“We’ve taken a different approach to The Event next year for a number of reasons,” said Ray White Surfers Paradise (RWSP) CEO Andrew Bell.
“As always, sellers will still be taking advantage of the peak holiday season on Gold Coast,” he said.
“January remains our best month for tourism, and with more accommodation coming onto the market we’re expecting record numbers again next year accompanied by another strong buying season.
“We’re holding The Event on a Monday for the first time, taking advantage of the full long weekend to give prospective buyers more time to view properties ahead of the auction.”
“Inquiries traditionally are up 60 per cent during January and we’re expecting this year to be no different.
“However, next year’s program will be even more important from an investor’s perspective, especially with changes to property rules expected under a potential new government.
“We know from history that elections tend to distract the market anyway, but this time around there is the added uncertainty over the future of negative gearing on established properties should Labor win the election.
“Combined with the interest we are expecting from our traditional visitors to the Coast, this provides a compelling reason for many property owners to sell in January.
“We have no doubt that investors who depend on the negative gearing rules that exist today also will be looking closely at established properties.
“We’re expecting more buyers to take advantage of the proposed grandfathering provisions for negative gearing of established properties ahead of any official changes to the regulations.”
The Event, run in conjunction with the Gold Coast Home &amp; Living Expo, is being held at RACV Royal Pines Resort on January 28 from 10am.
 Last year's auctions eventually led to the sale of 108 properties, following over 3 million online property views, 2500-plus registered property inspections and more than 170 registered bidders on the day.
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Ray White's The Event auction anticipates pre-election investor spike for Surfers Paradise 

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Nic Krasnostein, one of the leading agents in Sydney’s east and inner-city precincts, has been recruited by Ray White Double Bay.
He had been at BresicWhitney since January 2007, so just short of 12 years.
His celebrity clients through the year have included the MasterChef semi-finalist Karlie Verkerk, the Rivkin family, marketing consultant Bruce Pollack, and the hairdresser Stefan Ackerie at the Finger Wharf in Woolloomooloo.
Ray White has also signed on <a href="/news/ray-white-signs-on-matthew-carvalho-for-inner-west-expansion">Matthew Carvalho</a> as part of their inner west expansion.
It was last September when Elliott Placks took over the Double Bay agency from the founding directors, Craig Pontey and Michael Finger.
The property veterans stayed on at the estate agency as sales agents and mentors to the 30-strong sales force.
The Ray White Double Bay office sold more than $930 million in property last year, being the number one office in Ray White’s Australian network for the last seven years.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
Pontey said this was a very natural succession plan which the trio had all been working towards for some time.
Placks had been at Ray White Double Bay for 15 years and as a director for the prior seven years.
Rival Double Bay agencies also appear to be on a expansionary recruitment drive cherry picking select agents from other agencies.
Jane Schumann, who has worked in real estate since 1990, quit Di Jones for Raine &amp; Horne Double Bay late last year.
<div>
Schumann was part of the team at Di Jones Real Estate Eastern Suburbs for the previous 13 years.
She was credited as the firm’s number one agent in the east. 
</div>
<div>
The other big name joining Raine and Horne Double Bay is Peter Starr, an agent for more than 27 years, who moved from McGrath Edgecliff.
The recruitment coup was led by the company’s head of sales, Luke Hogan, who was McGrath eastern suburbs sales manager until earlier last year.
Both Schumann and Starr were reputedly offered sign on fees.
Directed by Ric Serrao and Martin Maskin, the Raine &amp; Horne office has been recognised for the past 14 consecutive years as Raine &amp; Horne’s best performing office in both number of sales and dollar value.
Raine &amp; Horne Double Bay has been the flagship office of the Raine &amp; Horne brand since it opened in 1968, the network’s first suburban office.
In 2012, Raine &amp; Horne Double Bay acquired Raine &amp; Horne Bondi Beach, which was established in 1979.
</div>
 
 
 
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jchancellor-FAypfDUnLy

Nic Krasnostein recruited by Ray White Double Bay from BresicWhitney

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Ray White's November sales results saw a 16 percent drop on its November 2017 record, according to their latest advisory.
Dan White advised in The White Paper update the group sold $3.87 billion in unconditional sales last month.
The November drop was bigger than the October drop when the trading sales value for Australia and NZ came in just over $3.66 billion, eight per cent less than October 2017.
September saw almost $3.4 billion traded for the month, which was 10 percent lower than September 2017.  
Australiasia's housing market correction was evident in August as the group recorded $3.49 billion in unconditional sales, which was 13 percent lower than August 2017.
The NSW network recorded a 26 percent fall in sales in August to $938 million and there was a 28 per cent drop in total sales in Victoria to $465 million.
Dan White noted Ray White's market share has been growing across these markets in the last 12 months but the overall market was shrinking.
"While there’s no doubt that the core east coast markets have eased, Ray White Double Bay had their best November ever," he added.
Ray White Double Bay recorded November sales of $151 million with the 25 person sales team converting 38 sales with an average sale price of $3.96 million.
The Double Bay agents Craig Pontey and Elliott Placks secured Ray White's highest sale of the month – a Vaucluse trophy home – for around $30 million.
Mr White noted that despite some bright pockets that transactions were down broadly and with less market activity, advertised listings have surged higher.
"Buyers now have ample choice and time on their hands to negotiate on price and there is certainly not the same urgency in the market, plus finance is hard to access."
The tally is across Australia and its international offices.
Their New Zealand network had their best month of sales for 2018 in November which was up by 28 per cent on the same month last year and up 15 per cent on October. 
 
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Ray White sees 16 percent drop in November sale results

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Scammers have succeeded in securing $90,000 in proceeds from the recent sale of a $1.2 million Gold Coast investment property by Ray White Mermaid Beach.
The sale included a $120,000 deposit put in a trust account managed by the agency.
With the sale proceeding, the agency took its $30,000 commission and then told the client to email them his bank account details.
The client, Andrew Buckley, the former chief executive officer of the engineering firm Cardno, did so, but soon after, another email was sent purportedly from him.
The false email had requested the money be sent to a different, fake bank account.
The agency sent the $90,000 to that fake Westpac account, with the proceeds having not been recovered.
Buckley told the Courier Mail he was "flabbergasted" that no one called him from Ray white to check the new bank account details were true.
“As far as I’m concerned … this (email with a fake account) is a well-known scam,” he said.
The Ray White agency, in a letter to Buckley, pinned the blame on him.
“The fact that it has now come to light that it was not Mr Buckley who sent those written directions is as a result of Mr Buckley’s own failure to ensure the security of his email account,” its letter said.
Buckley acknowledged his email might have been hacked, but also it could have been a hacking on Ray White’s side.
Ultimately, he said this issue was irrelevant as he argued the real estate agent had a responsibility to verify details, especially with cash held on trust.
“You’re looking after someone else’s money,” he said.
The agency declined to answer questions from the Courier Mail, saying it was “fully co-operating” with investigations under way.
Ray White’s head office last month told agents to “never accept a change in bank account details via email without confirming its legitimacy with your client”.
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Ray White blame client for missing $90,000 Mermaid Beach sale deposit scam

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The Ray White business in South Australia and the Northern Territory is now 100% owned by the White Family, after business partner Nick George (pictured above) sold his shareholding in the franchisor, while the operation of the business remains the same.
Ray White Group director Dan White said the family had enjoyed a close relationship with Nick George for more than 25 years.
“Nick started Ray White in Adelaide from scratch and built a remarkable and now market-leading business throughout SA and NT over this time and we are blessed by so many wonderful members committed to excellence and continuous improvement,” White said.
“The structure of our relationship to date with Nick George and his business has been an alliance between the White Family and Nick’s own private company, which was unique in our group.
“After much discussion, Nick agreed it was time to change and we have agreed to purchase Nick’s interest and we will continue Nick’s legacy in these markets with the business fully integrated into the Ray White Group, consistent with the rest of Australia.
“We collectively feel that this is the right time for this change for a number of reasons. Firstly, and most importantly, Nick and our family have great confidence in our corporate team in Adelaide, led by Matthew Lindblom and including Bianca Denham, Daniel Gray, Kristen Buick and Michelle Cotsanis.
“We are so proud of the work they are doing and the ambition they share with all our members.”
George has now been named a White Family life member in recognition of his contribution to the family business.
There was no change to the Loan Market business, with its operation continuing in SA and NT through a partnership between George and the White family.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/2/Matt%20Lindblom%20Lifestyle%202016%20sml.jpg" alt="">
Ray White SA and NT chief executive officer Matt Lindblom (pictured above) said it was the beginning of a new and exciting era for Ray White in South Australia and the Northern Territory.
“We are leading South Australia with the latest market share report  showing Ray White at 14.5%, with an ambitious growth strategy of 20% market share for the future in both SA and NT,” Lindblom said.
“We are excited about working even more closely with the Ray White corporate specialist teams and the value they can provide to all members of the Ray White network.
“Ray White is in a unique position to have all the resources of a global business with over 1000 franchises worldwide, as well as the strong values of a fourth generation family business.”
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White Family cements Ray White business ownership in South Australia and NT

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Ray White Commercial WA has hired office leasing specialist Clive Norman to fill the role of director of office leasing in their Perth team.
Mr Norman (pictured above), who has more than 17 years of experience in the office leasing sector said he was delighted to join the Ray White Commercial (WA) team.
He established the leasing division of Burgess Rawson as a major player in the Perth market.
He says the plan for the department was to establish Ray White as a significant player in the Perth CBD and city fringe office leasing market.
Norman said having known Ray White director Stephen Harrison for many years, he knew the culture of the group suited him perfectly. A property that will likely fall under the purview of Norman include is 135 Canning Highway, South Perth (pictured below).
<img src="https://www.urban.com.au/images/2018/10/10/Lease%202.JPG" alt="">
This holding is a recently refurbished open plan office.
The property, zoned highway commercial is set on 135 sqm.
It comes to market with an asking lease of $33,750 pa + Outgoings.
<img src="https://www.urban.com.au/images/2018/10/10/COlin.JPG" alt="">
A property he recently leased while at Burgess Rawson is 13 Colin Street, West Perth (pictured above).
Set on 209 sqm the office building came with 9 parking spots.
It was most recently listed at $57,475 per annum net + GST/A with additional monthly fee's for the individual parking spaces of $200 - $250.
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Office leasing specialist Clive Norman joins Ray White Commercial WA

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The founding directors of Ray White Double Bay, Craig Pontey and Michael Finger have sold their shareholdings to Elliott Placks, but are not going far.
The property veterans are staying on at the estate agency as sales agents and mentors to the 30-strong sales force.
The Ray White Double Bay office sold more than $930 million in property last year, being the number one office in Ray White’s Australian network for the last seven years.
(Pictured above Craig Pontey, Elliott Placks and Michael Finger.)
Pontey said this was a very natural succession plan which the trio had all been working towards for some time.
“This is a very stylish transition and the time is right.
"We both know Elliott will take the business that we started in 1988 to new levels," Pontey said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/12/Clipping%203.jpg" alt="">
Source: Sydney Morning Herald - 1988
Finger said it’s “business as usual” for their clients.
“Craig and I are just stepping back from the day to day management of the business and I’m looking forward to helping mentor the agents." 
Elliott Placks is now the managing director of Ray White Double Bay.
Placks has been at Ray White Double Bay for the last 15 years and as a director for the last seven years.
“I’m proud of the achievements this incredible team has received and their continuous drive for high performance and I’m thrilled to be at the helm,” Placks said.
The 37-year-old ambitious leader said his team was unified through collaboration, authenticity, elite habits and immovable ethics and values.
Michael Krimotat is its director of property management and Daniel Pym, the director of its loan division.
Pontey and Finger joined ERA Ray White from AH Taylor Nationwide in April 1988, with it reported in the local paper, The Eastern Herald's Hobnobbing column.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/12/Clipping%202.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/12/Clipping%201.jpg" alt="">
Their first listing at the new agency was the 1885 Randwick home Peckham on Cowper Street for the furniture retailers Graham and Helen Bailey from Bailey &amp; McBride.
It hasn't sold since its mid-1988 sale at $1.31 million.
The veteran pair started together at AH Taylor Real Estate in 1978 as property managers when Finger hired Pontey.
Their Ray White Double Bay co-founder Trevor Leach sold out of the partnership around six year ago.
AH Taylor, which briefly held the Century 21 franchise, dates back to 1926.
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