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

Surry Hills

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An architect-designed Victorian terrace at Surry Hills has been listed for sale with a price guide of $1.8 million.
Located at <a href="https://www.realestate.com.au/property-terrace-nsw-surry+hills-125709666" target="_blank">573 Riley Street</a>, the property belongs to Vacanza Pizzeria owner Nick Gilbert and Foxtel producer Cristin McCloskey.
The 126 sqm block property faces the north side and the interiors are a blend of new and old via a pavilion-style extension that leads to a garden and custom-designed area.
It is situated in a quiet urban enclave, one street back from Crown Street village.
Featuring two upper level double bedrooms with built-ins while the main bedroom has its own balcony.
The sitting/study room can easily be converted into a third bedroom.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/30/573%20Riley%20Street-2.jpg" alt="">
Living area has a fireplace as well as gas heating as well as the causal living and dining room.
The kitchen has an island kitchen, Smeg appliances and Vintec wine fridge.
Meanwhile the outdoor living room has a chef’s grade BBQ equipment while the garden has its own Italian pizza oven and rear access.
Surry Hill’s cafes, restaurants and pocket bars are moments away.
The property is set to be auctioned on July 8 through Ballard Property Group agents Mark Lowe and James Perlowski.
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Pizzeria owner lists his Surry Hills terrace with price guide of $1.8 million

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The acclaimed contemporary artist Guy Maestri has listed his Surry Hills apartment while he looks for alternative space around the inner west.
Overlooking the pool and garden, his apartment in Chelsea Court has two bedrooms and two bathrooms.
The largest in the early 1990s block has been previously described as a "mini museum-like space," filled with the most amazing, enviable collection of incredible Australian art.
<img src="https://www.urban.com.au/images/2017/06/19/Screen%20Shot%202017-06-20%20at%208.34.13%20AM.png" alt="">
Everything in the home is apparently handmade, found, swapped or gifted.
It's been Maestri's home for the last decade since the Mudgee-born artist paid $590,000 in 2007.
<img src="https://www.urban.com.au/images/2017/06/19/Screen%20Shot%202017-06-20%20at%208.35.09%20AM.png" alt="">
Now he's looking to double his money with a price guide of $1.25 million set for its July 15 auction through BresicWhitney Darlinghurst agents James Peach and Shannon Whitney.
He even stars in the campaign imagery.
<img src="https://www.urban.com.au/images/2017/06/19/Screen%20Shot%202017-06-20%20at%208.36.33%20AM.png" alt="">
Maestri who won the 2009 Archibald Prize for a portrait of musician Geoffrey Gurrumul Yunupingu says he typical approach was to "throw a lot of paint at the canvas."
The agents suggest investors could secured a potential rent of around $900 a week.
<img src="https://www.urban.com.au/images/2017/06/19/Screen%20Shot%202017-06-20%20at%208.37.27%20AM.png" alt="">
He had been a boat builder on the Hawkesbury until 1999 when he went aged 25 to the Julian Ashton Art School followed by the National Art School at Darlinghurst.
Last year Maestri spent time as artist-in-residence at the Margaret Olley Art Centre at the Tweed Regional Gallery, where he began a body of work inspired by objects in Margaret Olley’s home studio re-creation.
This article first appeared in the Sunday Telegraph.
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Artist Guy Maestri lists Surry Hills apartment

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Universal Hotels, the hospitality vehicle for the Kospetas family, have purchased the Surry Hills landmark, Kinselas.
It's been sold by the Australian Pub Fund, the groups sixth hotel sale in as many months.
No sale price has been given with estimates of $22 million, and $23 million up to $30 million.
Andrew Jolliffe at Ray White Asia Pacific sold the property through an expressions of interest campaign.
“Kinselas, since its inception as a hotel in 1910, has been a very popular entertainment magnet and a mainstay upon the Sydney hospitality landscape" Jolliffe said.
"The multi-level and two street fronted nature of the hotel, complete with a full suite of gaming machines and a deliberate connection to music as a revenue lever, means the business' multi-faceted appeal ensures strong patron support across the breadth of licensing hours available to it."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/Kinselas3.jpg" alt="">
Universal Hotels is headed by patriarch Jim Kospetas and is supported by his sons Harris and Steven.
Sydney CBD's Civic Hotel, V Bar, and Hotel Downing all fall under the Universal Hotels ownership. They recently opened 1821 in Martin Place.
Australian Pub Fund now has just the four hotels in their portfolio.
In Sydney they have the Unity Hall in Balmain and the Vic on the Park in Marrickville while in Brisbane they own the Stock Exchange and the Elephant Arms.
Australian Pub Fund director Matthew Beach said the sale of the property aligned with the company's strategy.
"The sale of Kinselas is consistent with the fund's previously announced strategic objectives to sell our pubs at cap rates that reflect their market value, as well as illustrating our desire to deal at market value with experienced buyers" Beach said.
There was limited price guidance on offering but it was written by trade press that Newtown's Marlborough Hotel and Kinselas in Surry Hills, came with combined expectations of about $60 million.
The Marlborough fetched $30 million to $35 million last month. 
 
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Surry Hills icon Kinselas sold to Universal Hotels

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The Done family's Cadmium Property launched their residential development, The Surry in Surry Hills with great success.  
Selling 50 percent of apartments on the morning of launch - out of the 24 residences - around 80 percent of purchasers were owner occupiers and locals.  A one bedroom apartment sold for $1.1 million.
A three bedroom apartment sold for more than $3 million at the Elizabeth Street location.
Apartment prices range from:
1 beds from $895,000+
2 beds from $1,500,000+
3 beds from $2,100,000+
The north facing development features a landscaped garden designed with seasonal charm in mind and city views. 
Cadmium Property is part of The Done Group – a family owned business run by Oscar and Camilla, the children of artist Ken Done.
For The Surry they have partnered with renowned architectural firm Candalepas to create a development with only 24 apartments.
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Done family kick off The Surry, Surry Hills sales

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A new mixed used development in Sydney’s Surry Hills is set to launch this weekend.
Cadmium Property’s The Surry features a range of 24 apartments and three bedroom apartments designed by architectural firm Candalepas.
The building features Miele appliances, a rooftop with a landscaped garden, secure basement parking, storage and direct lift access.
The apartments are within walking distance of the CBD, Prince Alfred Park, Hyde Park, Crown and Central Station.
The Surry display suite is now open and will hold a VIP launch on March 25.
Construction is expected to be completed in 2018.
<img src="https://www.urban.com.au/images/2017/03/21/CGI4_INT_3Bed_4_5.jpeg" alt="">
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Boutique Surry Hills development to launch this weekend

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Oscar award winning film director Vincent Ward has listed his long held Surry Hills home.
The New Zealand born film director, who won the award for What Dreams Come True starring the late Robin Williams, paid $254,000 for the 1890s terrace back in 1992.
Located at <a href="https://www.realestate.com.au/property-house-nsw-surry+hills-124871402" target="_blank">384 Bourke Street</a>, the three level, five bedroom home has been preserved, rather than renovated, over Ward's 25 year ownership.
Traditional double formal rooms come with marble fireplaces and there's an attic retreat with juliet balcony and rooftop deck.
The home goes to auction March 25 through Brigitte Blackman at Cobden &amp; Hayson Surry Hills.
This article first appeared in the Daily Telegraph.
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Vincent Ward's Surry Hills home listed on the market

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The Dove &amp; Olive Hotel in inner Sydney’s Surry Hills has changed hands for about $11.85 million, passing from The Good Beer Company to a member of the Murphy publican family.
The two-level pub has 12 poker machine entitlements, a beer garden and terrace, and a rooftop bar. It specialises in craft beer.
The pub has sold to a company held by Sonya Deale, after a campaign run by JLL’s Hotels &amp; Hospitality Group’s John Mucsa, according to a report in The Australian.
The agent was cited by the newspaper as saying Surry Hills was developing as one of Sydney’s most sought-after city fringe areas, with the Devonshire Street pub at the heart of the precinct.
 
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The Dove and Olive Hotel in inner Sydney sells for over $11.8 million

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Australia’s first registered health fund, RT Health, has secured two levels of an office building at Surry Hills in inner Sydney for a project requirement.
The fund has leased approximately 476 sqm near its Buckingham Street, Surry Hills, headquarters at Level 1 and Level 2, 491 - 493 Elizabeth St, Surry Hills, in a deal negotiated by Ray White Commercial South Sydney’s John Skufris on behalf of Brian Adams.
The five-storey building including a top-level penthouse is located close to Central Station and Prince Alfred Park.
John Skufris said: "Both levels provided fitted and furnished office space with main offices, meeting rooms, tea station facilities and natural light on two sides.”
RT Health Fund was established more than 126 years ago when a group of railway employees got together to form a cooperative.
The initial gross rental for RT Health is around $210,000 per annum and the lease term is for two years.
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Health funds secures two storey Surry Hills office building

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A historical bespoke warehouse residence in Surry Hills has been sold for $6,500,000.
It last sold at $3.2 million in 2005 to the Domabyl family. In 1993 antique dealer Joan Bowers has sold her gallery for $1 million. 
Located at <a href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-124700746" target="_blank">7-9 Little Bourke Street</a> the property was built in 1870 and is positioned near Taylor Square.
It is a unique property with renovation potential as well as being able to be used for both residential and commercial use with 350 sqm of commercial space.
There is lock up parking suitable for six vehicles.
Natural light comes from the north, east and west of the building.
<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/2017/02/10/Surry%20Hills-2.jpg" alt="">
The master suite is 168 sqm big as well as having a second living space along with wine cellar house for over 1200 bottles.
It is an outstanding central private location with three street frontage and R1 zoned.
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Historic bespoke Surry Hills warehouse residence sold for $6.5 million

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The $300 million Australian Pub Fund run by John Singleton, Geoff Dixon and Mark Carnegie has sold three Sydney hotels.
The off-market sales totalled a combined $47 million.
The Feros family's JDA Hotels bought the Peakhurst Inn in Sydney's southern suburbs for $22.5 million in a deal negotiated by Andrew Jolliffe of Ray White Hotels.
The Bristol Arms on Sussex Street in Sydney and the Como Hotel in the Sutherland Shire were sold to the family-run Oscars Hotel Group for $19.5 million and $5.6 million respectively, in deals negotiated by JLL Hotels &amp; Hospitality Group's John Musca.
The prices offered for all three pubs were at cap rates below 8%, Geoff Dixon, the former CEO of Qantas told The Australian Financial Review.
APF will soon begin on-market campaigns to sell Newtown's Marlborough Hotel and Kinselas in Surry Hills, with expectations of about $60 million - more than double what they were acquired for by the fund.
Kinselas enjoys strong food and beverage patronage. It also has 30 gaming machines that contribute more than $3 million in annual revenue.
"Capital continues to find its way to the sector where a 400-500 basis point spread still exists between sustainable earnings and the cost of debt. This is an attractive proposition for not just experienced operators but increasingly syndicators as well," Musca said.
The Lone Pine Tavern in Rooty Hill was sold in December by the Feros family after being marketed with expectations above $30 million.
Also in December, Merivale boss Justin Hemmes paid $37.05 million for The Tennyson Hotel in Sydney's south.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.54.15%20AM.png" alt="">
The Tennyson, whose design is illustrative of a Sidney Warden-designed inter-war functionalist structure, fetched a record hammer price for hotels. 
The Ray White Hotels Asia Pacific director Andrew Jolliffe listed the top 100 gaming property, The Tennyson Hotel at Mascot.
Set on Botany Rd, the Tennyson Hotel is a popular hotel with 30 gaming machines.
"Notwithstanding the latest ranking at 87 in NSW, the hotel requires an upgrade," Jolliffe advised. 
The leading hotel architect Paul Kelly has designed a renovation which has DA approval for the vendor John Feros of JDA Hotels.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.53.59%20AM.png" alt="">
The hotel, even in its currently unrenovated state, attracts in excess of $8 million in annual receipts from predominantly high gross profit margin revenue centres.
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