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 ocean-view double storey house on a 1,388 square metre block at 17 Lacrosse Rise, Sorrento has sold for $3 million. 
The Beaumonde home was built in 2000 and has five bedrooms, three bathrooms, a BBQ with its own gazebo and a tennis court. 
The median price for a house in Sorrento is $1,035,000 according to CoreLogic RP Data.
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jonathanchancellor-7SQnKwU6yx

Landmark property in Sorrento sold

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One of South Australia's most luxurious mansions, Villa D'Este, has been listed by the Budini family with $2.495 million hopes.
It's named after the Hotel Villa D'Este in Italy's Lake Como where George Clooney lives.
Set on 5745 sqm, the Stirling home was originally designed by Berriman and Milliken Architects and built by H F. Sarah in 1976 .
Even the smallest of details were considered in the creation, with the grand entrance door handles being commissioned by Sydney artist Lucy Boyd.
The <a href="https://harcourts.com.au/Property/658600/SAD24634/42-Birch-Road" target="_blank">four bedroom bespoke home</a> sits in large designer gardens which were originally established in 1890.
There's also numerous terraces which overlook the all weather tennis court.
The property is available through Harcourts Williams agents Stephanie and John Williams.
 
This article was first published in the Weekend Australian Mansion Australia property section.
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jchancellor-FAypfDUnLy

Stirling SA trophy home Villa D'Este listed

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The Sydney Swans captain Kieren Jack, has kept himself busy amid his much publicised family feud, to list his redundant former Randwick home.
Jack bought the 1920s home in 2012 for $1.295 million.
But the AFL star has no need for it following his now completed renovation in Paddington.
The recently vacated Canberra Street, Randwick property has just seen a one year rental expire last month having been up for rent in June last year at $1,000 a week.
Set on 234 sqm, the dual level family home combines original Federation features and contemporary appointments.
It has two bedrooms, a recently renovated bathroom, modern kitchen and home office.
There's a low maintenance rear garden with barbecue area and treelined courtyard.
Carl Wilson at Home Estate Agents is taking it to August 13 auction, after Courtney Giles from Advantage Property Styling furnished the home.
Given two nearby sales at $1.8 million plus, Wilsn is suggesting $1.7 million to $1.8 million price guidance ahead of this weekend's first open for inspection.
Jack calls Paddington home, having bought a two bedroom terrace in 2014 for $1.34 million. His is the only name on the title, not girlfriend Charlotte Goodlet.
He had former Swans player David Willis undertake the project in Paddington.
He climbed onto the property ladder aged 22 just two years into his Sydney Swans career, buying a two bedroom Randwick apartment in 2009.
Set in a renovated block of nine units, Jack paid $570,000 for the apartment which was listed for rent at $560 a week in 2014. He retains the apartment on Mulwarree Avenue.
The Swans star has been making headlines for all the wrong reasons as the Sydney side still look set for a top eight finish despite a demoralising late defeat to the Hawks on Thursday night.
He's been embroiled in a media battle after mum Donna took to social media at her annoyance that Jack gave free tickets for his 200th game to the parents of his girlfriend, Charlotte Goodlet.
She tweeted "So sad. Dad 200 RL you 200 AFL &amp; you dont want us there, your parents. No appreciation for all the yrs helping you get there."
It's well broadcasted that Donna and Kieren's father, rugby league legend Garry Jack, haven't embraced the relationship with the model who was a finalist in the 2013 Miss Universe Australia pageant.
Jack has been dating Charlotte, who is also the Nine News producer, for over three years.  
This article was first published in the Saturday Daily Telegraph.
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Kieren Jack lists redundant Randwick semi

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The level of residential listings nationwide fell in most capital cities across June except Brisbane and Perth, according to SQM Research.
Listings in Brisbane and Perth rose month on month and national sales listings are up 2.5 percent compared to June 2015.  
Canberra recorded the largest decline for June with property listings falling 5.6 percent, according to SQM Research managing director Louis Christopher.
<a href="/images/2016/07/06/Screen%20Shot%202016-07-06%20at%2011.01.30%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/06/Screen%20Shot%202016-07-06%20at%2011.01.30%20AM.png" alt="">
He said total online national residential listings fell during June 2016 from 350,333 to 345,058, decreasing 1.5 percent from May 2016.
“This is a fairly normal result for winter where, historically, property listings fall during the colder months," he said.
"The one abnormality is Sydney, where we’re recording a massive year on year rise of 30 percent.
"If anything that just shows how frenzied the Sydney market was this time last year. However, Sydney is not oversupplied with listings right now. Rather, it is returning to more normal long term averages.
 
"Year-on-year results reveal Melbourne median asking prices have risen 15.6 percent for houses and 6.4 percent for units compared to this time last year.
"Brisbane has also experienced yearly changes, with median asking prices for houses climbing 5.8 percent, compared to just 0.8 percent for units.
Meanwhile, median asking prices continue to fall in both Darwin and Perth."
<a href="/images/2016/07/06/Screen%20Shot%202016-07-06%20at%2011.04.43%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/07/06/Screen%20Shot%202016-07-06%20at%2011.04.43%20AM.png" alt="">
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Sydney residential sale listings returning to normal long term averages: SQM

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The Bondi hoarders' property - withdrawn from sheriff's auction last week - is set to be rescheduled despite the family turning up to court with wads of hundred-dollar notes.
The family managed to stave off the forced auction of their home on Thursday night.
Then on Friday Mary Bobolas and her adult daughters Elena and Liana arrived in court carrying several bags each, desirious of paying their debt owed to Waverley Council.
They produced bags of $100 notes as a “show of good will that funds were available”.
But magistrate Joanne Keogh said the family had failed to demonstrate sufficient means to pay the money owed to the council.
There remains the prospect the family will lodge an appeal.
A $2 million sale had been anticipated due to its prime location and 550 sqm block size.
The <a href="https://www.realestate.com.au/property-house-nsw-bondi-118903099" target="_blank">19 Boonara Avenue</a> offering was listed under instructions of the NSW Sheriff's Office.
It was the third time that the marketing failed to end in any under the hammer sale.
There was an unexpected delay last month.
Previously the owner Mary Bobolas dodged the sale of the property February last year by coming up with $180,000 to pay Waverley Council's cleaning and legal bills just hours before that scheduled auction.
The drawn out process has seen buyer interest wane as when it was first listed in 2015, 63 contracts had been handed out. Last month it was in the 30s. This time interest was down to around the expected 10 attendees.
They will need to pay a further $160,000 to meet the newest set of cleaning and legal bills.
The council's solicitors wrote to the Bobolas family in November asking for settlement of the outstanding money to avoid the sale but they received no funds.
Raine &amp; Horne agent Ric Serrao was commissioned by the NSW Sheriff's Office to sell the property so that clean-up costs can be recovered on behalf of the council.
Rubbish flowed out of the door and onto the property frontage on the latest listing images despite a 10 truck clear up in July last year.
There were no inspections possible for prospective buyers.
Ric Serrao couldn't even access the property so there were no internal photos or floor plan available.
 
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Bondi hoarders saga continues

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Simona founder Inge Fonagy has listed at Whale Beach.
She will be hoping for more luck this time round for<a href="https://www.realestate.com.au/property-house-nsw-whale+beach-119073759" target="_blank"> her long-held Whale Beach home</a>.
The home has been in the hands of the designer since 1964 when Inge and her late husband George, who had founded the fashion empire a year before, paid £9500.
The property was originally listed by LJ Hooker Palm Beach with a $3.9 million plus hopes in February last year. 
It has hopes of $3.25 million plus for its June 16 auction.
The Japanese-inspired timber property on 949 sqm has two levels, with three bedrooms.
Its floor to ceilings windows which open to a wide full length terrace.
Surrounded by landscaped subtropical grounds, the estate also has a pool overlooking Dolphin Bay and Whale Beach.
The style king Tyler Brule, founder of the interiors bible Wallpaper magazine, holidayed their in the late 1990s with his artist mother Virge.
This article was first published in the Saturday Daily Telegraph.
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j.ballantyne1990-6AQqhLzZaK

Designer Whale Beach offering relisted

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Ever imagined owning your own town?
Well, Monogorilby, the southeast Queensland town four hours inland from the Sunshine Coast was up for sale, then under offer, and the latest is it is now under contract.
The whole town, available through Sutton Nationwide Realty agent Julie Sutton was available for just $750,000.
Advertised as 'having it all', the purchase includes 16 houses, each with two, three or four bedrooms.
Some of home are currently tenanted, which will mean rental income straight away.
There are eight lowset and eight highset Queenslanders each with their own fenced back yards and Telstra connection.
There's a community town hall and an old school house which is surrounded by 16 hectares of groomed parkland.
A de-commissioned saw mill with timber framed open sheds, a water purification treatment plant and a three-phase power depot compete the town's building.
Julie suggests there's more space to build, perfect for a caravan park, conference centre or church.
The town is located about 270 kilometres northwest of Brisbane.
It's not the first time a town has sold.
The tourist ghost town Joadja Creek, 28 kilometres from Bowral in the Southern Highlands sold in 2011.
The mining town was abandoned in 1904 after shale-oil deposits dwindled, alongside competition from US imports.
It was first sold as grazing land over 100 years ago by Raine &amp; Horne Sydney for £4400.
The village had been home to up to 1300 miners, mostly Scottish, and their families.
It consisted of mostly industrial ruins and workers' cottages, although an 1870s manager's homestead had been restored.
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Monogoribly township under offer

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The latest discounted property of the week from SQM Research is a townhouse in the middle of Launceston, Tasmania with a price reduction of $44,000 - supposedly just for June.
SQM research managing director Louis Christopher said the property, 3/28 Abbot St, East Launceston, Tasmania, first came onto the market back in April this year with an original asking price just shy of $330,000.  
"The vendor has now slashed this price by $44,000 reducing the property to just $285,000, supposedly just for the month of June (clearly a sellers bluff)," he said.
"The townhouse is located smack bang in the middle of Launceston, with two generous sized bedrooms, one bathroom, balcony and courtyard. The property is solid brick rendered with a brand new kitchen, and double glazed windows (to help minimise those cosmopolitan noises). 
"The listing states that the townhouse is conveniently located adjacent to a bus stop, with plenty of public transport routes nearby, and Launceston airport just a short 20 minute drive away. Launceston is located approximately 200km outside of Tasmania's capital city Hobart.
"According to 12 month actuals to March - Hobart is currently outperforming this forecast with property prices rising at 7.6 percent.
"Notably, East Launceston recorded a vacancy rate of 1.9 percent in April 2016, this reflects a reasonably tight residential market, however, and it is slightly higher than the capital city average of 0.9 percent for Hobart."
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Hobart townhouse makes SQM's discount of the week

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<div>Residential listings fell across the country during May with vendors lifting asking prices 0.5 percent to 1 percent during the month, according to SQM Research.</div>
<div> </div>
<div>Research from SQM found property listings in Sydney fell by 6.2 percent during the month, but are 16.9 percent higher compared to May 2015.</div>
<div> </div>
<div><a href="/images/2016/06/09/sqm1.jpg" target="_blank">Click to enlarge</a></div>
<div>
<img src="/images/2016/06/09/sqm1.jpg" alt=""> SQM Research managing director Louis Christopher said Hobart recorded a 6.1 percent decline in listings for the month, with sale listings are also now down by 11.8 percentage points for the year, which SQM believes indicates a strengthening housing market in Tasmania. </div>
<div> </div>
<div>"Melbourne also recorded yearly falls with listings down 6.4 percent from this time last year (May 2015)," he said.</div>
<div> </div>
<div>"It’s possible the interest rate cut at the beginning of the month may have already led to an increase in buyer confidence, leading to higher absorption rates for listed properties.</div>
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<div>"Certainly, it seems that vendors were a little more confident during the month with vendor asking prices rising across most cities. From a forecasting perspective we are pleased that our 2016 forecasts made in October last year, seem to be on target for all cities."</div>
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<div>"Year-on-year results reveal Melbourne median asking prices have risen 13.4 percent for houses and 6.4 percent for units compared to this time last year. Canberra has also experienced yearly changes with median asking prices for houses climbing 10.4 percent and 0.2 percent for units.</div>
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<div> Median Asking Prices                 <a href="/images/2016/06/09/682e5bf4-41d9-49b3-abe0-abbbcec1b6b2.png" target="_blank">Click to enlarge</a></div>
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<img src="/images/2016/06/09/682e5bf4-41d9-49b3-abe0-abbbcec1b6b2.png" alt=""> Source: <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=f6c78f3bcf&amp;e=0aab96dc54" target="_blank">www.sqmresearch.com.au</a>  
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May residential prices up, listings down: SQM

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The Ultra Tune owner Sean Buckley has listed his redundant Gold Coast penthouse for June 15 auction.
<a href="https://www.coastal.com.au/2954348/" target="_blank">The sprawling 573 sqm northern unfurnished penthouse</a> in Aria cost Buckley $2.7 million when bought late last year from the Smith family of Balwyn.
Set over two levels, the Sunland-built apartment has four bedrooms, four bathrooms and a private rooftop terrace with a 15 metre lap pool and a 10 person sauna.
Aria's southern penthouse was once owned by Athena Starwoman and husband John Demartini.
Buckley is the executive chairman of Ultra Tune which is an Australian car service franchise with over 270 outlets across Australia. 
He also owns Ultra Thoroughbreds, a primary and pre-training equestrian stud which has had huge success, particularly with Shamus Award who won the Cox Plate in 2013 and the Australian Guineas in 2014.
The marketing of the apartment by listing agent Tolemy Stevens of Harcourts Coastal suggests that the apartment was acquired as part of a large commercial deal and was surplus to requirements. 
This article was first published in the Weekend Australian Mansion Australia property section.
 
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