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

Strathfield

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The Strathfield trophy home of the late leviathan bookmaker Harry Barrett has been listed for sale by his widow Pat.
The noted bookmaker and used-car salesman and his wife bought it from Andrew Kelly, the then boss of Strathfield Car Radio.
Set privately behind gates and a walled entry, the home spans 725 square metres.
It has five bedrooms, four bathrooms, a billiard room, home theatre and study.
On the 2365 square metre grounds, there's a swimming pool, a cabana with its own sauna, and an all weather tennis court.
George Ellis and Co Strathfield father and son listing team Sam and Joseph Georges say the estate is reminiscent of an opulent Hollywood mansion.
They have it listed for November 3 auction.
The Barrett's paid $1.9 million for the Redmyre Road home in 1996 when it was sold through Sam Georges.
Barrett, famous for his betting battles with the late Kerry Packer, died in 2011 being absent from his Randwick racetrack stand for only the last few weeks of his life.
He begun on the flat at Randwick in 1972, and by the early 1990s, Barrett had an annual turnover of about $100 million, bolstered by the combative media tycoon Kerry Packer's passion for the punt.
"One day during the Easter carnival in that big year I held $9.6 million," he once let slip to Richard Zacariah, the then Sunday Telegraph columnist.
Barrett also briefly hit the front pages after he bought Sydney's most conspicuous waterfront mansion, Altona, in 1991 through Bill Bridges at W. J. Bridges Real Estate for $6.1 million. 
He thought he got a good buy, though Pat jestingly thought he was off his trolley.
Within a year the Barrett's decided to stay at the Strathfield house they'd bought 17 years prior for $112,000, and Altona was on-sold for $5.25 million to Matt and Fiona Handbury, publishers of Better Homes and Gardens.
Altona had 10 bedrooms and 10 bathrooms, although Harry never occupied Altona but rather, he and his family - while still living at Strathfield - stayed in the boatshed at weekends.
"I'm a very basic guy - it was just too big," Barrett told me on selling Altona.
Rival bookmaker Mark Read once accused Barrett of wearing the same tie for 20 years, with Barrett countering: "I've only got one neck."
The current Strathfield residential record stands at $8.8 million for a Chalmers Road, Strathfield property owned by Sanity boss Ray Itaoui which was sold by George Ellis &amp; Co.
It was on the former holding - then known as the White House - long owned by famous Bullen Circus Family.
West Australian miner Andrew Forrest paid $5.98 million to buy his Sydney base in Quay Grand on Macquarie Street.
It was bought from Strathfield Car Radios chief Andrew Kelly and his wife, Marol, who had Garth Barnett fit out the apartment.
They paid $3.6 million after the block's completion in 1999.
This article was first published in The Sunday Telegraph. 
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Late bookie Harry Barrett's Strathfield home listed

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A four bedroom Strathfield house has sold for $5.1 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-126313986">7 Torrington Road</a>, the 858 square metre property is situated on Strathfield’s Golden Mile.
It last sold in 1998 for $831,000.
It features a fully brick two level house with a versatile array of accommodations available.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/08/7%20Torrington%20Road-2.jpg" alt="">
Formal and casual living spaces are featured on the property, including a lower level study.
A double lock up garage is available along with a rear shed and external laundry.
Strathfield station and amenities are less than eight minutes walk from the property.
The property was offered through Strathfield Partners agents Vanessa Kim and Sunny Nguyen.
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j.ballantyne1990-6AQqhLzZaK

Four bedroom Strathfield house sold for $5.1 million

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A four bedroom Strathfield house has sold for $5.5 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-126047034" target="_blank">73 Newton Road</a>, the 1416 sqm property was sold for the first time in 88 years.
It features 20 metres frontage with the potential to create a tennis court.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/03/73%20Newton%20Road-2.jpg" alt="">
There are four bedrooms and two bathrooms as well as two kitchen and formal/informal living areas.
The property was offered through Joe Campisi of Devine Real Estate.
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Four bedroom Strathfield house sold for $5.5 million

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Price records have been set regularly for prestige mansions in Strathfield in recent months, with the latest listing by Sanity boss Ray Itaoui and his wife Rachel another possible contender.
They have listed their Frank Lloyd-Wright inspired mansion.
Set on 2,024 sqm and surrounded by lush gardens, the family entertainer with 780 sqm of indoor living has six bedrooms, five bathrooms and a central courtyard.
A fully equipped outdoor alfresco entertaining area overlooks a heated swimming pool and all weather flood lit tennis court.
Guest accommodation on the ground floor comes with an ensuite, home office and additional study, while the upstairs master suite comprises an ensuite, private balcony and dressing room.
The couple are off to Vaucluse where they paid $47.8 million for Carrara, the beachfront reserve property they bought from global financier Andrew Ipkendanz last year.
Spanning over 2000 sqm of internal living space, the three level harbourfront home has nine bedrooms, 10 bathrooms, an office, guest quarters, home theatre, his and hers changing rooms and a 20 metre swimming pool.
Georges Ellis &amp; Co Strathfield agent Joseph Georges has set a May 13 auction.
The current record stands at $8.41 million in an off-market last year. 
The suburb record that has been broken three time in the last 12 months. 
The $6.8 million suburb record, that had stood since 2014, was topped in May last year on Newton Road sold for $6,825,000 then again in September when a Llandilo Avenue home sold for $7.3 million.
The $8.41 million was for an Agnes Street home which sat a smaller parcel without a tennis court.
This article first appeared in the Sunday Telegraph.
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jrobinson-rf4aSBido9

Strathfield Frank Lloyd-Wright inspired mansion listed

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Symond Arcade, on Churchill Street, named after the father of Aussie Home loans founder John Symond – who built it – has sold to a private investor for $30 million or so.
Whispers suggests it could have gone as higher.
The <a href="https://www.commercialrealestate.com.au/property/12-14-churchill-avenue-strathfield-nsw-2135-2013436106">arcade</a> is located directly next to Strathfield Plaza.
The block of 12 shops and 14 offices next to Strathfield Plaza had been scheduled to go to auction on Tuesday.
But it was pulled at the last minute when the Freyer family accepted an offer – understood to be well over the $25 million reserve price.
It sold far in excess of that, so the owners were happy, listing agent Robert Pignataro of Strathfield Partners said.
Robert said the 3 per cent yield represented by the sale price was typical of yields in the Strathfield area, where retail investments were usually between 3 and 4 per cent.
The property currently has a net rental income of about $918,691, with tenants responsible for all outgoings.
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Strathfield's Symond Arcade sold for $30 million plus

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Strathfield Symond Arcade, a landmark building in Sydney's inner-west suburb of Strathfield, has been listed for sale through auction 28 March.
Located at <a href="https://www.realcommercial.com.au/property-land+development-nsw-strathfield-502317770" target="_blank">12-14 Churchill Avenue</a>, the 645 sqm property is in the heart of the suburb's commercial hub, very near to Strathfield Railway station.
It was built by Aussie John Symond's father.
The freestanding commercial building has frontage to Churchill Avenue.  
Featuring a ground level foyer with 12 retail shops and an upper level with 14 offices it has potential for future commercial/residential development opportunities subject to council approval. Its zoning is B3 - Commercial Core.
The property is offered through Strathfield Partners agents Harry Ahmad and Robert Pignataro.
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Strathfield's Symond Arcade listed for sale

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The weekend's top auction result was when an eight bedroom, English style Strathfield mansion fetched $7.3 million with five of the 12 registered bidders fighting it out to own the home.
The <a href="https://www.realestate.com.au/property-house-nsw-strathfield-123345238" target="_blank">2 Llandilo Avenue</a> (above) home last sold for $1.03 million.
The sale eclipsed a seven bedroom home at 47 Newton Rd, which sold for $6.825 million in May this year.
The home on the estate’s 2665 sq m holding had been custom built with 2500 tonnes of sandstone from Darling Harbour.
The buyers were an upsizing local family, Strathfield Partners agent Robert Pignataro advised.
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jchancellor-FAypfDUnLy

$7.3m Strathfield record residential house sale

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An eight-bedroom Strathfield house, listed with a price guide of $7 million, is tipped to fetch a record price.
Robert Pignataro Principal of Strathfield Partners auctioning 2 Llandilo Avenue next month.
The record had stood at $6.8 million at 23-25 Llandilo Avenue, Strathfield through Joseph Georges since 2014.
But $6.825 million was paid in May this year for a seven-bedroom home at 47 Newton Rd.
The house set for September 17 auction last traded in 1988 for $1.03 million.
It was built in 1967 on its 2665 sq m block.
Strathfield Partners advise it was custom built with 2500 tonnes of sandstone from Darling Harbour.
CoreLogic puts the current median house price in Strathfield at about $2.25 million.
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Strathfield eight bedroom home set to secure $7 million plus record

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The top sale for the week ending 21 August was a four bedroom home in the Sydney suburb of Strathfield, according to CoreLogic.
The home, 23 Newton Road Strathfield, sold for $6.8 million through Devine Real Estate, Strathfield.
 
Top 10 sales
23 Newton Road, Strathfield, NSW 4 bed, 3 bath, 3 car house $6,800,000 Devine Real Estate Strathfield 
12 Tutus Street, Balgowlah Heights, NSW 4 bed, 3 bath, 3 car house $4,870,000 LJ Hooker Lane Cove 
2/18 March Street, Bellevue Hill, NSW 3 bed, 4 bath, 2 car unit $4,451,000 Laing + Simmons Double Bay 
4/2 Walton Crescent, Abbotsford, NSW 4 bed, 3 bath, 2 car unit $3,890,000 PRB Real Estate Five Dock 
130 Edinburgh Road, Castlecrag, NSW 4 bed, 3 bath, 3 car house $3,600,000 Phillips Pantzer Donnelley Woolahra 
37 Claremont Avenue Malvern, Vic 4 bed, 3 bath, 2 car house $3,553,000 Marshall White Armadale 
9 Adderstone Avenue, North Sydney, NSW 3 bed, 2 bath, 2 car house $3,400,000 McGrath Estate Agents 
4 Milton Street, Chatswood, NSW 3 bed, 2 bath, 2 car house $3,300,000 Richardson &amp; Wrench Chatswood 
105 Albert Road, Strathfield, NSW 5 bed, 3 bath, 4 car house $3,320,000 Devine Real Estate Strathfield 
1 Milroy Avenue, Kensington, NSW 4 bed, 2 bath, 2 car house $3,150,000 Ballard Property Group Double Bay 
 
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jonathanchancellor-7SQnKwU6yx

Strathfield, Sydney trophy leads top 10 sales: CoreLogic

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A Strathfield home sold for $6.825 million last month, setting a new sales record for the suburb. 
The three-storey property at <a href="https://www.realestate.com.au/property-house-nsw-strathfield-122511746" target="_blank">47 Newton Road</a> has seven bedrooms, six bathrooms, six balconies, home office, basement wine cellar, gymnasium and home theatre.
Reminiscent of a holiday resort, the outside features a contemporary heated pool, waterfall, spa, outdoor terrace and championship size tennis court which are surrounded by Peter Fudge landscaped gardens. 
There's even a built-in aquarium.
Greg Emerton and Aaron Papadimatos at Devine Real Estate sold the home which sits on an elevated block of 1,416 sqm.
The median house price for Strathfield is $2,225,000 according to CoreLogic RP Data. 
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