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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The top 150 real estate sales performers across all markets in Brisbane and Queensland regional centres has been released.
The A List initiative was established five years ago by the Ray White Group, with the data is sourced and verified by Pricefinder.
The list of 150 agents uses sales data from the 16,500 registered salespeople based on three criteria; number of sales, value of sales and the number of listings for the previous calendar year.
The data found that one in eight properties in Queensland were sold by an A Lister in 2016, who make up just 2.2 per cent of all active agents.
They sold 12.4 per cent of all Queensland properties in 2016 typically with 45 sales against the average salesperson in Queensland making seven sales.
The average sales person in Queensland had a total sales value of $3.6 million but A-Listers averaged $23 million.
All up the 150 A List salespeople made 6831 sales, worth $3.4 billion in 2016.
Vicki Hodges of PRDnationwide Bundaberg, Jane Doogan of LJ Hooker Nerang, Judy Eddy of Action Realty, Harcourts Kingsberry Townsville agent Julie Mahoney, Nyree Ewings of LJ Hooker at Cleveland, Judi O’Dea of SPACE Property Agents Paddington, Sam Guo of Ray White Broadbeach, Dion Saab of Coronis Bracken Ridge, have all been on the list for five years in a row.
All 150 agents on the A List, sponsored by Mercedes Benz Brisbane, will gather together on 21 November 2017 in Brisbane.
2017 A Listers.
Listed in alphabetical order / not rank.
Aaron Woolard – Place New Farm Adam Cook – Yeppoon Real Estate Aidan Wales – Ray White Ipswich Alex Stassen –  Harcourts M1 Alex Telegin – Coronis Burpengary Alexandra Porter – Coronis Aspley Alli  Paterson – Freemans Residential Allison Gough – Explore Property Townsville Amanda Cepero – First National The Pines Andrew Dobbie – Ray White Beerwah Andrew Weston – Place Projects Andy Hogarth – McGrath Palm Beach Angela Duncan – Ray White Aspley Angela Mastrapostolos – Ray White Paddington Ann Vella – Raine &amp; Horne Beenleigh Barbara Harris – Ray White Rockhampton Ben Leong – LJ Hooker Sunnybank Hills Benjamin Hyrapietian – Kindred Property Group Brad Munro – Position Property Project Marketing Brad Scott – All Properties Group Brad Sissons – Coronis Coorparoo Brett Anderson  – Hillsea Real Estate Paradise Point Cain Scheiwe – Page &amp; Pearce Cameron Cole – Re/Max Excellence Cara Bergmann – Ray White Aspley Carmen Briggs – Harcourts Solutions Catherine White – Harcourts Pinnacle Chris Rhode – Coronis North Lakes Chris Wease – LJ Hooker Woodford Christine McKay – Harcourts Solutions Christopher Hubka – LJ Hooker Algester Clare Dawson – Raine &amp; Horne Tin Can Bay Clare Robins – Ray White Deception Bay Clint Hynes – Ray White Oxenford Clint Smith – McGrath Noosa Heads Craig Johnston – David Deane Real Estate Daniel Burrett – RE/MAX Success Danny Woolbank – Ray White Broadbeach Darrell Johnson – Knobel &amp; Davis Property Services Darren Bonehill – Place Coorparoo Dave Cooper – Positive Property People David Brown – LJ Hooker Coomera David Kopelke – Ray White Warner Dean Dank – Explore Property Townsville Dean Hamilton – LJ Hooker Stafford Debbie North – Elders Cairns Deon Calder – Coronis Mooloolaba Dion Saab – Coronis Bracken Ridge Dwight Colbert – Ray White Aspley Ed Hollingworth – Century 21 at the Pier Ela Milne – Ray White Eight Mile Plains (Eddie) Fai Nguyen Ly – Red Rocket Gary Kowaltzke – Ray White Toowoomba Range George Vuong        – RE/MAX Profile Georgia Tritton – Ray White Southport Georgie Haug – Belle Property Samford Heather Murray – Jan Jones Real Estate Ian Cuneo – Ray White Ascot Ilona Barry – LJ Hooker Robina Varsity Jack Harvey – Coronis Bracken Ridge Jacq Hackett – Coronis Springfield Lakes Jacqueline Farag – Elders Hervey Bay Jacqui Walker – RE/MAX Success James Gwynne – Harcourts Solutions Project Marketing Jamie Baker – Ray White Birkdale Jane Doogan – LJ Hooker Nerang Jared Young – Amber Werchon Property Jason Read – LJ Hooker Coomera Jayne Finlay – Page &amp; Pearce Jeanny Boyd – Coronis Burpengary Jess Nguyen – All Properties Group Jo  James – LJ Hooker Ipswich Joan Robb – RE/MAX Real Estate Services John McEwan – Bambling Property John Ryland – Professionals Cairns South Jonathan Wein – LJ Hooker Albany Creek Josie Smith – Crowne Real Estate Judi O’dea – SPACE Property Agents Indooroopilly Judith Crawford – Ray White Clayfield Judy Eddy – Action Realty Julie Mahoney – Harcourts Kingsberry Townsville Julie Munro – Ray White Townsville Justin Hagen – Calibre Real Estate Justine Dill – RE/MAX Success Kate Pade – PRDNationwide Toowoomba Kyle Davies – Henzells Agency Kym Saunders         – LJ Hooker Brisbane West Lee Doyle – LJ Hooker Kallangur Lee Sutherland – RE/MAX Property Sales Liam Booker – LJ Hooker Kallangur Lincoln Tatnall – Coronis North Lakes Lisa Etri – Ray White Rochedale Liz Brown – Ray White Rural Atherton Mal Lucas – Elders Morayfield Mark Daniel – Explore Property Mackay Mark Flinn – Ray White Port Douglas &amp; Mossman Mark Jensen – Ray White Palm Beach Mason Niari – Hillsea Real Estate Paradise Point Matt Boettcher – Yong City West Matthew De Maid – Belle Property Toowoomba Matthew Jabs – Place Newmarket Megs Walker – McGrath Cairns Melita Bell – RE/MAX Success Michael Folkard – LJ Hooker Nerang Michael Loader – Australian National Properties Michael Mills – Denovans Real Estate Michelle McLeod – Ray White Indooroopilly Michelle Wheeler – Harcourts North Lakes Nadine Edwards – LJ Hooker Cairns Edge Hill Narelle Lorensen – Place Nundah Nathan Strudwick – Elders Shailer Park Neil Mundy – Ray White Ipswich Nick Baxter – Ray White Benowa Nicole Devine – SPACE Property Agents Indooroopilly Nicole Plozza – Ray White Douglas Nyree Ewings – LJ Hooker Cleveland Patrick Kenny – Ray White Cairns South Patrick McKinnon – Coronis Hamilton Peter Houliston – LJ Hooker Cleveland Phil Edmunds – One Realty Maryborough Renae Duff – Elders Jimboomba Rob Karaka – All Properties Group Rob Williams – David Millar Real Estate Robbie Witt – Colliers International – Toowoomba Robert Taylor – PRDNationwide Whitsunday Robert Waterson – Hillsea Real Estate Parkwood Rory Wex – Cooke Property Agents Sam Guo – Ray White Broadbeach Sam Hargrave – Hargrave Real Estate Sharee Minnett – First National Toowoomba Shaun Bourke – Harcourts Coastal Shirley Chow – LJ Hooker Sunnybank Hills Shona McKenzie – Coronis Springwood Simon Booker        – LJ Hooker Kallangur Simon Salm – RE/MAX Bayside Properties Sonia Poole – Ray White Cairns Beaches Sonya Treloar – Ray White Bridgeman Downs Steve  Lane – Coolum Beach Realty Steve Venn – Harcourts Caloundra Steven James – LJ Hooker Gladstone Stuart Legg – RE/MAX Agency Stuart Thomas – McGrath Buderim Tait Batton – Coronis Springfield Lakes Todd Gerhardt – RE/MAX Advantage Tracey Child – All Properties Group Vern Gilbert – Plum Property Vicki Hodges – PRDNationwide Bundaberg Will Torres – Place Coorparoo Will West – Lacey West Zora Liu – LJ Hooker Sunnybank Hills
Source: Pricefinder, 2017.
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Eight Queensland estate agents rank on top 150 sales list for five consecutive years

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Ray White Patterson Lakes in south-east Melbourne have opened their own hole-in-the-wall coffee bar having moved into a new premises.
Stephen and Genevieve Hill, principals of Ray White Patterson Lakes, bought the larger fruit and vegetable shop next door to their old site.
They decided that rather than use the extra space for a meeting room they would turn it into a coffee shop to bring people to the office.
“We want to draw people to the office and let them get to know us on a different level." Stephen said on the venture, which isn't aiming to make huge profits, but rather for locals to drop in. "One day they might be having coffee and decide to have a quick chat with one of the guys in the office about their real estate plans. "While they’re ordering their coffee…they can have a look at the screens and read some of the information about what’s on the market.” Stephen has had over 20 years experience in hospitatilty and has ambitions to serve "the best coffee in Patterson Lakes."
Last year Ray White Patterson Lakes sold the home famous by those Foxy Morons Kath and Kim, the hit ABC show.
The double-storey brick home was the abode of Kath Day-Knight and her butcher beau Kel Knight.
 
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Ray White Patterson Lakes opens its own coffee bar

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Andrew Jolliffe has been announced as the number one sale agent internationally for the Ray White Group.
Jolliffe was also the number one international agent in 2015-16.
Jolliffe made the sale of the Clovelly and Marlborough hotels to Solotel's Bruce Solomon and Matt Moran, as well as the sale of the Collaroy and Tennyson hotels to Merivale's Justin Hemmes. 
Mr Jolliffe has sold John Singleton's Kinselas, Peakhurst, Toxteth and Marlborough hotels in Sydney over the past six months for $100 million.
Ray White Group director Dan White said Andrew Jolliffe was the overall top agent across all of Ray White and his product knowledge was second to none.
"Andrew always put his clients in the best position to make the best decisions. His attention to detail is flawless. He knows his market intimately and therefore he communicates opportunities frequently to his clients," he said.
Jolliffe said to receive an award such as this from Australia's oldest and largest real estate group is most rewarding.
"Clearly however, I've been immeasurably benefited by the strength of the asset class within which I operate, as well as being surrounded by an organisation full of people who both believe in and embrace the concept of a meritocracy," he said.
"When the culture of an organisation creates a platform where everyone pushes and pulls in the same direction, it can become quite intoxicating in terms of the availability of success for those involved.
"The level of increased sophistication and therefore expectation from his client base means a greater depth of knowledge and service was required from people in his position.
"That being said, trust in both ability and advice is still the key differentiator we highlight as being the most important to us, as proxy for our valued clients and this view we hold transcends real estate, and applies to any professional service.
"A-grade hospitality property typically finds itself residing upon prime commercial sites, often situated on an area's high street, and almost invariably in close proximity to major transport and other commercial applications.
"With this underwritten value fundamental in mind, and when considering the cyclically low cost of funding, we can see sound argument for the continued strength and depth of the sector and look forward to announcing further sales in the very near future."
The Ray White Group made in excess of $44.7B in annual sales in 2016-17.
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Ray White announces hotel broker Andrew Jolliffe as top agent internationally

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With 10 years in the real estate industry, August 2017 was the biggest month ever for Ray White Double Bay agent Gavin Rubinstein.
Rubinstein has just sold close to $50 million worth of real estate.
Back from holidays, in only 19 days at a rate of $2.5 million a day for that period.
Despite reports of the slowing market and low house sales, he suggests each of the nine sales was a bullish result individually.
"While some people are promoting a lot of doom and gloom, I feel that the Eastern Suburbs property market is still in good shape,” Rubinstein said.
One sale was an off-market sale for $8 million in Dover Heights which fetched a street record.
His highest sale for the month was 327A Edgecliff Road in Woollahra which sold under the hammer for $10.1 million.
The buyers of one of his listings in Bellevue Hill were the strongest party going into the auction, but they weren't in a position to move until they had secured a sale on their own house, also in Bellevue Hill.
“We utilised our off-market platform strategy and attracted 20 qualified buyers and generated three formal offers for the buyer’s home within a couple of days.
“After a week, I had negotiated a premium result of $4.2 million for their property and simultaneously exchanged on their purchase for $6.75 million the same day (after 11pm at night),” Rubinstein said.
“The result: two very happy buyers and two very happy vendors.”
Among his 2017 sales includes the purchase in The Rocks by entertainer Larry Emdur.
<div>More than 1200 real estate agents and guests last night celebrated the achievements of 2016-17 at the annual Ray White New South Wales awards.</div>
<div> </div>
<div>Ray White Double Bay had a very successful night, picking up awards as the number one city office in settled commission and the number two office internationally.</div>
<div> </div>
<div>Its elite agent Gavin Rubinstein also took home the number one salesperson awards to be the top residential sales operator in NSW. </div>
<div> </div>
<div>Gavin Rubinstein can also claim to be the number one residential salesperson in all of Australia, and in terms of international rankings across all Ray White businesses, while he is the number three salesperson internationally for Ray White.</div>
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<div>
<div>Ray White Double Bay director Craig Pontey, who received his 30 year tenure medal at the awards, paid credit to his whole team for its own success. </div>
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<div>"We have a lot of agents in the top 10 and a number of sales people just outside (the top 10) and we pride ourselves on our training and the leadership that Mike Finger, Elliott Placks and I have invested in our business is paying substantial dividends," Mr Pontey said.</div>
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<div>"Our salespeople love structure and leadership, and energy. Ray White Double Bay has a culture of harmony and family which is quite important and we work hard to maintain it. Our business has been going now for 30 years and we have come of age, not just in the Eastern Suburbs of Sydney, but in all of Australia.</div>
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<div>"To be recognised as the number one office in Australia is no mean feat as there 1100 offices in the Ray White network.</div>
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<div>"Ray White is the number one agency group in Australasia and it's a very valuable brand, not just to me as a principal, but also to all salespeople in the group.</div>
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<div>"Ray White offers people a very big advantage in every market, and I want to pay my respect to the White family for their support and leadership."</div>
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<div>Ron Kissell of Hurstville had reason to celebrate, not only being awarded number one salesperson in settled commission regionally but also taking the most prestigious award of the night; the Director’s Cup Award, given to the person identified as having made a significant contribution to the Ray White brand.</div>
</div>
 
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Ray White's Gavin Rubinstein sells $50 million worth of properties in 19 days

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The Ray White Group has appointed for Head of Digital Matt Gay as Chief Technology Officer.
Ray White Group director Dan White said the new role recognised Mr Gay's great contribution to the group over the past two years as Head of Digital.
"Matt will be responsible for bringing all software development into a single technology team that works together on both new product delivery and supporting and enhancing our traditional IT systems," he said.
"His responsibility will include the development of data insights and products to enhance the performance of our members in the field.
"Matt will lead some fantastic people and teams across a range of locations and specific skill sets. This includes a digital team led by Liam O’Boyle, a software development team led by Andrew Nelson, and a data insights capability led by Jordan Tormey.
"Nathan Kennedy will continue to be responsible for our critical Project Management office capability.
"Ben Cowie will continue to lead Ray White's Infrastructure and Operations team, which in layman’s terms is responsible for it's IT hardware and network/corporate office support.
"Simon Horn will continue to take responsibility for the key area of data security.
While Ben and Simon will not formally be part of Matt’s team, they will work very closely together especially in the areas of overlap.
"Ben and Simon’s teams will continue to support Ray White, Loan Market and other White family businesses.
"Jason Alford will continue to lead our fantastic OneSystem team and Digital BDEs as National Technology Manager.
"To assist the White family and Matt with our future IT strategy and direction, we have also asked Eric Plumpton (CIO, Loan Market) to take on a broader role at a White Family Group level.
"We believe that it will enhance our ability to determine and then execute on our key technology priorities, regardless of whether it is digital or traditional, internal or external facing, hygiene or cutting edge products etc.
"We will develop and/or integrate these products with the help of our team based in multiple locations in order to retain and attract the best talent."
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Ray White appoints Chief Technology Officer

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A car wash with potential for further development in Dandenong North in Melbourne’s south-east has sold for $1.9 million on a 6.25 percent yield.
The nearly 1,400 sqm site at <a href="https://www.raywhite.com/vic/dandenong-north/1658552/?lang=en" target="_blank">99-101 Gladstone Road</a> was sold to a private investor by Ray White Commercial's Ryan Trickey and Ben Ainsworth.
The sale following an expression of interest campaign.
Trickey said the property provided a secure commercial investment opportunity as the property enjoyed main road exposure and a well-established car detailing business tenant returning net rental of about $115,000 per annum.
“With an increase in high density living around Melbourne's activity centres, car wash businesses are a great place to invest,” Trickey said.
“Find one on a corner or in high profile location and cash flow should be secure as a good car wash should be easy to lease and retain tenants.”
Trickey said car wash assets can deliver strong returns in comparison to other investments. The property has development upside subject to council approval.
“A site such as the Gladstone Rd one is returning net rental of approximately $115,000 per year which is a lot stronger than the $40,000 gross rent you might receive from two adjoining rental houses in the same location.”
The tenant is on a five-year lease with a further option of 5 years. 
There are fixed annual 4 percent increases.
Ainsworth said the six-bay car wash is on the major intersection of Gladstone and Heatherton roads and benefits from both homebound and inbound traffic.
“Residential and commercial development in this area is well documented, both landlord and tenant should gain from the increase in consumers in this area,” he said.
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Car wash in Melbourne's Dandenong changes hands for $1.9 million

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Ray White Rural turned in a record financial year, notching up $1.4 billion in property sales, helped by commodity prices that sustained buyer interest.
The sales figures were up $75 million on the previous year.
The 23-year-old rural division of the Ray White Group said the drought in Queensland, where half of the agency's offices are based, could have hurt sales results, The Australian Financial Review reported.
Ray White posted $44.7 billion in sales for 2016-17 financial year.
The rural division also added more than 30 new franchises in the year to July.
"Our agents were able to capitalise on high commodity prices within the beef industry despite drought in Queensland,” Ray White Rural chief executive Stephen Nell said.
“In southern Australia, the market has boomed on the back of very favourable seasonal conditions, low interest rates and surging commodity prices, particularly red meat – lamb, mutton and beef.” 
The biggest deal was a $15 million purchase of Mount Isa property "Manners Creek”. Other major transactions included the $13.9 million sale of "Inverness" and the $13.5 million sale of "Northampton Downs", both at Blackall, while “Carmila Glen" in Carmila, Queensland, sold for $11.5 million.
In NSW, the major transaction was Kiagathur North in Condobolin for more than $13 million.
In July, valuation firm Herron Todd White had noted that the rural property market around in far north New South Wales remains strong across most categories.
In Victoria, "Leighburn", a 1200-hectare mixed farming operation near Geelong, changed hands for $9 million.
Ray White Rural signed on six new franchise agreements in Victoria, five in Queensland, three in Western Australia and one each in the Northern Territory and South Australia.
But it was NSW where the major expansion happened with 17 key markets including Wagga, Casino, Kempsey and Goulburn all securing new Ray White Rural franchises.
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Ray White Rural scores a record $1.4 billion in sales

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Australiasia’s biggest property group, the Ray White Group, has recorded its biggest ever year with $44.7 billion in sales in 2016-17, up four per cent on the previous fiscal year.
The Ray White Group’s sales market share in Australia and New Zealand improved 0.15 per cent to 10.3 per cent in the year to June.
Ray White Group director Dan White said each of the 1000 businesses that make up the Ray White network were in markets experiencing different conditions.
“While we are happy about our record trading result, what was most pleasing was the overall improvement in profitability for the majority of our individual business owners,” Mr White said.
“Based on our 2016 financial year findings, our offices converted a 12 per cent increase in revenue to a 10 per cent increase in profit."
Ray White continues to list twice as many properties as the next biggest agency group and it remains the largest auction house in Australia and New Zealand with around 15 per cent of the market.
Ray White Group chairman Brian White said there had been much comment during the year regarding tight stock numbers but the Ray White network improved its market share.
“The performance of the property market in 2016-17 highlighted, once again, the critical role that property plays in the wealth of the Australasian community. Property is so important to the vibrancy of our communities,” Mr White said.
“One of the features of 2016-17 was the improved stability of many markets that had been so damaged in the post-mining boom, particularly in some parts of regional Australia.
“Obviously Sydney was a stand out market but the same can be said for Melbourne and Auckland.
“The Gold Coast is also pumping.
“There has been some exceptional growth in that market over the last year which may surprise some people.
“And our network in regional New South Wales has had a great year too.”
 
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The Ray White property powerhouse reports record $44.7bn year

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Ray White chairman Brian White has reported record June sales. Australasia's biggest property group, Ray White recorded total sales of $4.3 billion in June 2017.  
"We just had our biggest June ever, it was 20 percent above June last year and its our third highest of any month on record."
June 2016 sales were noted as at $3.6 billion which given the Federal election was seven percent lower than June 2015.
"The property market has been remarkable across the world and Australia is no exception, but one of the things that can occur when there are expressions of concern or expressions of doubt is that people start thinking of getting back in," <a href="https://www.raywhite.com/blog/white-paper/white-paper-june-2017/" target="_blank">Mr White said</a>.
June's strong results suggested any talk of the property market easing appeared to be premature.
"For a month that can often disappoint, this June was a special one.
"Our June result was underpinned by particularly strong activity in New South Wales – which recorded $1.3 billion in sales revenue –  and Victoria which produced $606 million this month.  
"The Lower North Shore team headed up by Geoff Smith and Richard Harding wrote $120 million in their first month of trading at Ray White – which is certainly a debut to remember!" Mr White said.
The Queensland result of $776 million was well up on last year, evidencing of a firm trading market.
Ray White's May was the second strongest month ever for the Ray White Group.  
The group has actually now recorded four personal bests in the financial year with November, March, May and June sales.
The May sales revenue came in at $4.4 billion, compared to $3.74 billion in April.
The figure was the second highest ever month for the group, after March came in at $4.6 billion.
In the year to May, Ray White had finalised a total of $40.9 billion, which includes all residential and commercial sales in Australia and New Zealand, plus Indonesia and Rural.
 
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Ray White secures record June sales

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Ray White Broadbeach prestige agents Sam Guo and Julia Kuo have just sold more than $22 million of Gold Coast property across eight properties over the past four weeks.
So far this year Mr Guo and Ms Kuo have sold more than $110 million in the current financial year.
This dynamic pair have established a reputation in the Gold Coast's competitive and challenging market.
Mr Guo, who was born in Sichuan province said his Chinese heritage was definitely a big advantage in his sales success.
"Of course, there’s no doubt.
“But then I always have a good month before I go away as I try and close all the deals before I go to and have a break with my family, and not leave any open.
“I like to leave and have good peace of mind that I have worked hard for my owners and I can enjoy my break,” said Mr Guo before he heads off overseas for a few weeks.
Click to enlarge
<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/2017/06/28/201706280942-31085-22mSoldin23Days.jpg" alt="">
Of the eight properties, half sold to local families or interstate buyers, and the rest to international buyers.
"My Chinese buyers of 14 Southern Cross Drive, Cronin Island who just bought it for $5.6 million spent three days with me and then bought that one.
"Chinese buyers are comfortable with us as there is trust and often people in the Chinese community will refer me as someone they can trust.
“They say ‘deal with him, good choice’. Word of mouth referral is critical with Chinese people and if I get positive referrals then definitely helps.”
Number 14 Southern Cross Drive, Cronin Island was a grand three-level six bedroom north-facing mansion on 1262sq m.
“This house represents opulence from a time gone by," Mr Guo said.
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