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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Energy Watch boss Daniel Wallis has listed his South Melbourne terrace which was bought in the fifth series of The Block.
The entrepreneur made headlines at the 2012 auction paying $1,400,001.01 to secure <a href="https://www.realestate.com.au/property-house-vic-south+melbourne-122178618" target="_blank">403 Dorcas Street</a>.
The renovators were New South Wales brothers Andrew and Mike Jones, who had a reserve of $966,000.
At the time of sale, Wallis planned to provide the house to parents of sick children staying at the Royal Children’s Hospital.
Hocking Stuart’s David Wood has listed the home with price expectations of more than $1.6 million at its April 9 auction.
The four-bedroom terrace offers two ground-floor entertainment spaces and a rooftop winter garden terrace with a bar overlooking the CBD.
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jchancellor-FAypfDUnLy

Former Block, South Melbourne terrace listed

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A three bedroom home at Yattalunga, in the Central Coast north of Sydney, has been named as the distressed property of the week by SQM Research following a price reduction of $89,000.
The home, 51 Bourke Ave, Yattalunga, NSW 2251, was first listed in January at $599,000 with all offers now considered, according to the listing.
SQM Research managing director Louis Christopher said with a reduction this large it is clear that the owner is eager to move on from this property and will be open to negotiation. 
"This property would therefore be an ideal buy for buyers whose finances are in check and they're ready to pounce," he said.
The home has two street frontages, a large separate garage and workshop, with the potential for a granny flat. 
 
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jonathanchancellor-7SQnKwU6yx

Price dropped on Central Coast three bedder: SQM

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A three bedroom home on sizeable land in South Australia's Barossa Valley suburb of Lyndoch has taken out top spot on the latest Top Ten Discounted Properties Nationwide list from SQM Research.
The price of the three bedroom home at 173 Jollytown Road, Lyndoch, SA, has been discounted to under $1 million and has been reduced some 51 percentage points according to SQM Research managing director Louis Christopher.
He said the three bedroom home also includes a substantial amount of land, 20.8 hectares of cleared land, 3.24 hectares of which are well maintained vineyards (both Shiraz and Grenache).
"The house appears to be in an excellent condition with stunning timber floors, neutral carpets and modern stainless steel appliances and fittings throughout.
"There are two bathroom's located in the house, one of which features a cleverly elevated spa with a convenient double shower. The combined living and kitchen area is particularly stylish with granite benchtops, a built in Miele cofee machine, five burner gas cook-top, stainless steel dishwasher, with an additional fully insulated, temperature controlled cellar room.
"The outdoor living and eating space provides plenty of space for entertainging guests and or relaxing with an impressive 'Nectre' stainless steel wood-fired pizza oven.
"With the vendor slashing the price under the $1 million dollar mark earlier this month, the property is likely to receive a lot more interest and will likely be snatched up sooner rather than later."
 
<div><a href="/images/2016/03/30/Screen%20Shot%202016-03-30%20at%2012.50.28%20PM.png" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2016/03/30/Screen%20Shot%202016-03-30%20at%2012.50.28%20PM.png" alt=""></div>
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Three bed Barossa Valley home tops SQM's top ten discounted list

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Those promised Chinese buyers are very often a mirage as businessman, commentator and former Federal Opposition leader, John Hewson has found with his Southern Highlands listing, Invergowrie.
His Tudor-style Exeter estate was recently promoted directly into the supposed vast Bejing buying pool in what proved a pointless marketing exercise.
It is now up to Mick Maloney, the longstanding local Richardson &amp; Wrench agent, who has listed the trophy estate listed for April 16 auction.
It built in the 1930s for the BHP industrialist Sir Cecil Hoskins, with an extensive 2009 refurbishment to the seven bedroom house that comes with library, ballroom, studies and billiard room.
The nine hectare grounds have Paul Sorensen gardens with tennis court, bocce pit, swimming pool, croquet lawn, orchard, vegetable gardens, a Japanese garden with waterfall, aviary and three guest houses.
Designed by architect Geoffrey Loveridge, Invergowie replaced Headlands, which had been owned by the Yates seed family.
Before that the Badgery family had what remains the landmark feature of the village of Exeter.
Hewson and his wife, Jessica Wilson have the trophy home listed with $7.5 million expectations
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Former Federal Opposition leader John Hewson lists Invergowrie

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The Modernist Thurlow House, Blakehurst has been sold, and now looks like being permanently listed on the NSW heritage list.
Described as a Mad Men style home, the buyer is apparently an architectural devotee who wants to restore the home back to its grandness.
Being virtually untouched, the 1952 house by architect Harry Seidler was recently marketed as one of early intact houses by one of Australia’s great architects.
"Research indicates Thurlow House as being number sixteen of eighteen houses completed by Harry Seidler within the first five years of his coming to Australia," the marketing advised.
Thurlow family members described it as a "forgotten modernist original."
The <a href="https://www.modernhouse.co/listings/thurlow-house/" target="_blank">Stuart Street offering</a> on a 1336 square metre block sold through the Modern House agency, with around $2.5 million having been tipped.
Built on a waterfront site sloping down to the Georges River, in Sydney’s south, its split-level interior offers soaring voids, textural stone and timber-lined walls.
Upstairs are two bedrooms, a study and bathroom, all looking out to the river.
On the lower level is a spacious living area, dining room and kitchen.
The retention of the single sculptural eucalypt in the front yard is characteristic of an aesthetic employed by Seidler and other Modern Movement architects.
The house is in need of repair.
It was a Punchbowl couple, David and Marjorie Thurlow who commissioned the design. He was a lawyer and his wife, a RAAF member, was the daughter of the Commonwealth Bank of Australia board secretary.
They separated in the early 1970s with Dolly, as she was known, remaining in the house until in 2011. She died in 2014.
Soon after completion the home was featured in a French magazine, l’architecture d’aujourd’hui, celebrating work by young architects from around the world.
Harry's widow, Penelope Seidler recalls Thurlow House as “a real gem”, and has encouraged its latest custodians to connect with the office of Harry Seidler &amp; Associates to help undertake works that maintain its original design integrity.
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Seidler's Thurlow House sells

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The former head of NAB Cameron Clyne, now busy being the Australian Rugby Union chairman, is selling his Southern Highlands weekender, Yarrawa Park.
His Robertson rural retreat has been listed with the intention of upgrading.
Its Harcourts Southern Highlands listing agent Paul Macefield says the weekender is <a href="https://harcourts.com.au/Property/642339/NSL2222/127-Wallaby-Hill-Rd" target="_blank">a 13 hectare property with a equestrian feel</a>.
There's a 20 metre x 90 metre stable complex along with a tack room.
The property has three paddocks with post and rail fencing.
The weatherboard home has four bedrooms, two bathrooms with a wide wrap around verandah. The home enjoys views to the Upper Kangaroo Valley escarpment.
There's an entertainment courtyard with built in BBQ and a large fire pit.
A full sized tennis court occupies the western edge of the property which is surrounded by established gardens, fruit trees, natives and shrubs.
Clyne bought the rural property for $1.3 million in 2010.
It has been listed with $1.395 million hopes.
"This property is the perfect weekender especially for the horse enthusiast, located directly opposite the reknowned Wallaby Hill Horse Trials Equine facility, and close to Yarrawa National Park with bush walking and riding trails," said Paul Macefield.
Clyne resigned from NAB in 2014 after spending five years as the company's CEO.
The ARU chairman has had a lifelong involvement in rugby having represented Victoria in marches against the All Blacks and Springboks.
This article was first published in the Saturday Daily Telegraph. 
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Cameron Clyne lists Robertson, Southern Highlands equestrian weekender

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The penthouse at 65 Cowper Wharf Road, Woolloomooloo has been listed with the price guide of $5 million to $5.5 million. 
It is a three bedroom, three bathroom apartment with three car garaging.
A long list of luxury fixtures and fittings comes with this brand new penthouse, the jewel in the crown of the boutique Fivex development The Anchorage.
Designed by Eeles Trelease Architects, the apartment gets views of the Harbour Bridge, city skyline, the famed Finger Wharf and Woolloomooloo Bay.
Each of the three double bedrooms has its own en suite.
Its super-sized kitchen comes with Gaggenau and Liebherr appliances and a butler’s pantry.
The partly covered terrace faces north-east and there is a second balcony facing west towards the bright lights of the city. 
Brad Caldwell-Eyles at First City has it listed with Rohan Aalders at TGC Residential.
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Woolloomooloo penthouse for sale

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There was a $4.1 million vendor bid placed when lawyer Paul Jones, of legal firm Jones Tulloch, and his wife, Mary put their Hawthorn home to weekend Kay &amp; Burton auction.
No. <a href="https://www.realestate.com.au/property-house-vic-hawthorn-121967714" target="_blank">484 Glenferrie Road</a> has stately bluestone, leadlight windows and an ornate verandah, in the Italianate style.
The four bedroom house is in the prestigious Scotch Hill precinct last traded at $600,000 in 1993 and at $780,000 in 1989.
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Hawthorn trophy home with $4.1 million vendor bid

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The Middle Park home at 312 Danks Street, a block from the beach and tucked behind grand Beaconsfield Parade, has been listed with $5 million-plus hopes.
The period home with five bedrooms property has had a makeover, marketed as modern chic <a href="https://www.realestate.com.au/property-house-vic-middle+park-122013166" target="_blank">balanced with the charm of old</a>.
There are fireplaces, soaring ceilings and leadlight windows.
The contemporary kitchen/ dining/living spills out to a garden and verandah, overlooking lawn.
Marshall White’s Kaine Lanyon has it for March 23.
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Middle Park mix of old charm and contemporary

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The former Australia and New Zealand Nokia chief Paul Tyler and his wife, Mairead are selling their family home in Drummoyne.
Tyler is off to head up the merged Nokia Acatel Lucent company across the Asia-Pacific and Japan.
Located on the prestigious Drummoyne waterfront, Ray White Drummoyne’s Chris Wilkins and Fiona Hellams have a price guide between $2.6million to $2.7million for the March 19 auction.
<a href="https://www.raywhite.com/nsw/drummoyne/1430671/" target="_blank">The home</a> sits on the bay run with views over Half Moon Bay.
The split level five bedroom residence features a top floor master retreat.
Tyler bought the property for $1.97 million in 2005.
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