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

Residential Listing

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The former Socceroo George Harris has listed his Woonona home.
Surrounded by cottage gardens, the home sits on 652 sqm parcel down a private lane. 
<a href="https://www.realestate.com.au/property-house-nsw-woonona-121148446">He bought the three bedroom cottage</a>, with country style kitchen, in 2005 for $450,000.
Harris was selected in the provisional 40 man squad to go to Australia's first ever World Cup in 1974 however he didn't make the final 22.
The defender represented Australia 28 times becoming a member of the Australian Football Hall of Fame.
McGrath Thirroul listing agent Troy McNeice has a price guide of $780,000 to $840,000 for the property in the suburb with a current $740,000 median house price.
This article was first published in the Saturday Daily Telegraph.
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jrobinson-rf4aSBido9

Former Socceroo George Harris lists Woonona home

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The stylish Amanda Tabberer has put her Woollahra terrace with private courtyard up for March 16 auction.
The author of My Amalfi Coast has listed it <a href="https://www.realestate.com.au/property-house-nsw-woollahra-121954254" target="_blank">with Ray White Unlimited’s Melanie Lahoud with $1.3 million hopes</a>.
It was bought in 1999 when the then Positano-based Amanda bought the two bedroom Edgecliff Road property without viewing the 164 sqm home, however she had her legendary mother, Maggie inspect the house before the $405,000 purchase.
Amanda wrote My Amalfi Coast in 2010 having arrived there in the early 1980s.
She still runs a service where she assists visitors to the Amalfi Coast with villa rentals.
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Amanda Tabberer lists cute Woollahra gingerbread cottage

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Trying you luck in Los Angeles isn't just for would be stars of the screen. The longtime boss of the Business Chicks network, Emma Isaacs is selling her Sydney family home having headed across the Pacific.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house/nsw/lower-north-shore/northbridge/292404" target="_blank">The home listing </a>comes after they relocated to Los Angeles late last year following the launch of Business Chicks America.
The local Business Chicks network is now a decade on 35,000 members strong across Australia.
Emma has opened an office in LA after moving there with husband Rowan and their three daughters.
She has recently taken the global CEO role on her move to the US and appointed Olivia Ruello the Australian CEO.
The move is set to benefit their Australian members as expansion brings growth opportunities and access to top international market.
They paid $2.265 million in 2014 for the architecturally designed Northbridge home.  
The privately positioned 903 sqm elevated block comes with two level family home in Peter Fudge designed gardens.
The four bedroom home is built out of rammed earth, a natural and sustainable material with supposed health benefits, which assisted when her eldest daughter was diagnosed with Hodgkin's Lymphoma.
McGrath Chatswood agents Olivia Chung and David Howe have hopes of $2.95 million to $3.15 million at its March 12 auction.
It is currently being rented out at $2,600 a week.
Emma started her life in the business world establishing a recruitment company called Staff It after two attempts at university.
At 25 years old she sold the business and bought Business Chicks in 2006 after attending one of their events whilst working at Staff It.
Their stylish events have continued to be popular, hosting the likes of Sir Bob Geldof and Sir Richard Branson, the latter's biography being an inspiration in Emma's success.
Emma's most inspirational entrepreneur is Bill Gates and she told of an evening she spent in front of a fire talking about how he started Microsoft when he was a guest speaker in Sydney a few years ago.
Isaacs believes an increase in the visibility of female entrepreneurship is setting a precedent, showing what's possible and encouraging more women to go out on their own and give it a go, something she has said she took from Sir Richard Branson.
As a woman in the business world, Isaacs has said it is easy to lose femininity and stressed the importance of not conforming and dressing too masculine.
This article was first published in the Saturday Daily Telegraph.
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Business Chicks boss lists in Northbridge as she heads to the United States

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Composer Guntis Sics and his journalist partner Lucy Clark are selling their hinterland Coopers Shoot retreat.
Guntis, who was nominated for an Academy Award for his sound engineering on Moulin Rouge!, has more recently worked on the upcoming Martin Scorsese directed, Silence.
Located between Byron Bay and Bangalow, the solid four bedroom home sits on a one hectare estate with entertaining decks looking over the rolling hills. There is also a self contained studio.
The pair bought the property in 2003 for $891,000. 
<a href="https://www.realestate.com.au/property-house-nsw-coopers+shoot-120568333" target="_blank">Michael Gudgeon of Ray White Byron Bay</a> has the Great Granny Waterhouse Drive property with a $1.95 million price guide.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Composer Guntis Sics looking to sell Coopers Shoot retreat

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The multi-award winning Balmain House has been listed.
Balmain House was designed by the current owner, architect Conrad Johnston, from his multi-award winning practice Fox Johnston.
Conrad's practice was named one of Wallpaper magazines' top 20 young architecture practices in the world in 2013.
Bought in 2006, the owners redesigned and rebuilt the property on the 241 sqm site and completed renovations in 2013.
The private family home went on to win multiple awards and featured in Domain's Collectors Edition.
The home has a north-facing garden with views over the harbour and Anzac bridge.
The four bedroom home wraps around the original workers' cottage has a sculpted timber form hovering above the ground which contains the main bedroom, ensuite, library and study.
Low maintenance materials were used by Conrad who also installed a natural ventilation system and hydronic heating which heats and cools at low costs.
The owners described the house as like living in the country, as you see no houses from the ground floor, just trees and skies.
Conrad lives in the house with his wife Katrina and their three small children but has decided to sell as he wants another project.
Peter Gordon of Cobden &amp; Hayson has the listing of <a href="https://www.realestate.com.au/property/2-stewart-pl-balmain-nsw-2041" target="_blank">2 Stewart Place</a> with $2.4 million plus hopes.
The property will go to auction February 20. 
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Balmain architectural stunner listed

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Jockey Nash Rawiller and his wife Sarah, who are now Hong Kong based, have their empty Maroubra home listed for December 1 auction through Ray White Double Bay agent James Keenan.
There are <a href="https://www.raywhite.com/nsw/maroubra/1386948/" target="_blank">$4 million </a>expectations.
Rawiller, who won three Sydney riding premierships after he made the move from Melbourne in 2007, bought on Marine Parade for $3.07 million in late 2012 from media scion Bryant Stokes who had paid $4 million in 2006.
The racing couple had sold in Kensington for $1.96 million.
The four bedroom, three bathroom, three level north-facing house opposite the coastal walk had been recently available for rent at $1900 a week. 
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Hong Kong jockey Nash Rawiller lists redundant Maboubra home

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The Block contestants Suzi and Vonni's South Yarra apartment - which compromises three bedrooms and three bathrooms - received a perfect score for its master bedroom with dressing room and ensuite open plan bathroom.
With views across Melbourne, the complex includes lift access, a communal roof top terrace with gym, nutrition station and a cafe downstairs.
The apartment has been designed for entertainers featuring a centrally positioned bar and dining area which leads to an outdoor terrace with a custom designed barbecue kitchen and extended bar seating.
Like contestants Kingi and Caro who advertised their apartment as <a href="https://www.realestateview.com.au/Real-Estate/2-1a-affleck-street-south-yarra/Property-Details-buy-residential-9718540" target="_blank">2/1A Affleck Street</a>, Suzi and Vonni's agents Nikki McCarthy and Glen Countinho of R T Edgar have also advertised their listing as <a href="https://www.realestateview.com.au/Real-Estate/4-1a-affleck-street-south-yarra/Property-Details-buy-residential-9729239" target="_blank">4/1A Affleck Street</a>, suggesting it is 'formally known as 4/1-5 Commercial Road.'
The property is up for auction Saturday November 21.
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Inside Suzi and Vonni's The Block apartment

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A contemporary resort-style Perth home has been listed at City Beach with $8 million plus hopes.
The six bedroom, five bedroom property borders the coastal reserve.
The 644 sqm property spans four levels and features an elevator from its eight car garaging.
There is a 22 metre lap pool.
The property traded in May 2012 for $7.2 million. 
Scott Swingler from Space Real Estate is the listing agent of 45 Boscombe Avenue.
He has <a href="https://www.domain.com.au/city-beach-wa-6015-2012372193" target="_blank">uploaded 122 photos</a> to help sell the property.
 
 
 
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122 photos to help sell Perth trophy home

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Swimming champion James Magnussen couldn't sell his speculative Ryde investment apartment at its onsite weekend auction.
The auction started and ended on a $740,000 bid when offered by its LJ Hooker Ryde City listing agent Neil Moorjani.
The swimmer had foreseen his real estate investment hobby might become more serious at the end of his time in the pool.
Magnussen Enterprises Pty Ltd paid $623,000 earlier this year for the Gladstone Ave unit.
Set in a <a href="/expert-insights/buying/james-magnussens-ryde-property-flip-auction-test">1960s red-brick walk up block</a>, the three-bedder had been listed with $750,000 hopes.
Auctioneer Greg Smith sought an $800,000 opening bid from the small crowd. It now has an $805,000 asking price.
He suggested that $740,000 would be "cheap buying." Negotiations took the highest post-auction offer to $762,000.
Bought in original condition in the block of six, the Drummoyne based Magnussen, along with a builder mate, renovated the 88 sqm apartment over the past few months while he was in recovery from major surgery on his shoulder.
The ­total refurbishment, including new open kitchen and bathroom, cost about $50,000. 
The property, with district views, could yield a $680 weekly rental tenants, auction investor attendees were advised.
Magnussen spent $935,000 in 2012 on his own Drummoyne flat which was seemingly well bought as it had traded at $910,000 in 2007.
 
This article was first published in the Sunday Telegraph.
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Swimming champion James Magnussen flip yet to succeed at Ryde property 

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<div>Business entrepreneur Louis Carroll has listed his spectacular estate on the escarpment in Bayview for $8.5 million.</div>
<div> </div>
<div>Carroll has been quiet on the property front in recent years since his record breaking $14.6 million waterfront sale at Newport in 2008.</div>
<div> </div>
<div>Before that was a pricey Killara property play.</div>
<div> </div>
<div>He has spent millions refurbishing and improving his latest ultra private property offering which comes with <a href="https://www.realestate.com.au/property-house-nsw-bayview-121084002" target="_blank">views over Pittwater</a>.</div>
<div> </div>
<div>LJ Hooker Mona Vale agent Ryan Petrie has the 4600 sqm estate listing.</div>
<div> </div>
<div>"The view is arguably the best on the beaches, coupled with complete privacy and the highest quality accomodation," he said.</div>
<div>"It is in a league of its own."</div>
<div> </div>
<div> </div>
<div>This article was first published in the Sunday Telegraph</div>
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