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.”

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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.

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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.

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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

Tamarama

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The one-time Tamarama record-holder, Pavilion House, has been sold prior to its scheduled September auction.
But mystery remains whether it bettered its 2017 record sale price.
It last traded three years ago for $11.2 million when the now former Ramsay Health Care chief Chris Rex and his wife Lynette bought it.
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The prior owners were the sports and entertainment manager Basil Scaffidi and his wife Catherine.
The house was designed by architect Walter Barda <a href="https://www.realestate.com.au/sold/property-house-nsw-tamarama-134190166" target="_blank">set high on the ridge on Thompson Street</a>.
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Located between Tamarama and Bronte Beaches, the Hamptons style beach house has 180-degree views over the beach, ocean and Mackenzies Bay.
The five bedroom home comes with a four car garage with a lift to all of its three levels.
It features a poolside entertaining pavilion.
It was sold by D’Leanne Lewis, of Laing+Simmons Double Bay, in conjunction with Phillips Pantzer Donnelley, who had an $11 million to $11.5 million guide for its anticipated September 19 auction.
 
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Walter Barda-designed Pavillion House, Thompson Street Tamarama sold

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Veteran Sydney jockey Glyn Schofield has listed his investment apartment in Tamarama.
It goes to September 26 auction through Riki Tawhara at Sydney Sotheby’s Inter­national Realty with $2.5 million hopes.
Schofield paid $2.3 million in 2017 for the three-bedroom, two-bathroom apartment.
With a large balcony, just 200m from the beach, he initially sought a $1500-a-week tenant, reflecting a 3.4 per cent yield.
His most recent asking rent was $1450.
Spanning 120sqm, the apartment, with a Scandinavian influence, is set in the Pertama complex, which comprises two apartments per floor, designed by Marchese Architects.
Schofield, who had three rides at Rosehill yesterday, has secured over $55 million in prizemoney for his owners over his illustrious two ­decade career.
This article was first published in the Sunday Telegraph. 
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Jockey Glyn Schofield lists Tamarama investment

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The 26 year old gamer Elliott Watkins, one of Australia's biggest gaming personalities, has spent $9,125,000 in Tamarama.
It was the first time in nearly four decades the home traded having been long owned by the cinematographer Peter James.
The three bed home was designed by Peter Stronach of architecture firm Allen Jack+Cottier on its 580 sqm Thompson Street block.
It has a pool, library, lower level lounge, study and cellar.
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Watkins will be moving from Pyrmont where he spent $3.65 million in 2017. 
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Watkins known in the gaming world as Muselk, started Click Management with his sister Grace in 2017. They represent some of the country's biggest gamers.
Elliott started his YouTube channel in 2014 and dropped his commerce and law degree to pursue YouTube full-time. He is one of Australia's highest profile gaming YouTubers with over nine million subscribers.
His videos are viewed one million times a day.
Watkins gamer and YouTuber mate Lannan Eacott recently broke the Clovelly house price record with a $9.9 million buy.
 
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YouTuber and gamer Elliott Watkins spends $9.1 million in Tamarama

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Pavilion House, an architect designed beach house setting high on the ridge between Tamarama and Bronte Beaches has hit the market. 
It has been offered by PPD Real Estate. 
The Hampton style home at <a href="https://www.realestate.com.au/property-house-nsw-tamarama-134190166" target="_blank">10 Thompson Street, Tamarama</a> was designed by architect Walter Barda.
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It comprises five double bedrooms, four bathrooms, multiple living areas, and four-car garage with life access to all three levels. 
Pavilion House also features north facing deck, Hamptons style kitchen, wine cellar, resort-style pool and established gardens. 
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It offers 180-degree views over the beach, ocean and Mackenzies Bay. 
The property has been scheduled to go under the hammer on September 19. 
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Walter Barda-designed Thompson Street, Tamarama trophy home listed

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Sydney style couple Patrick and Tamsin Johnson are out looking for their next project, having sold their Tamarama semi (above) midweek for $5.65m post-auction.
They were underbidders on a Vaucluse offering that fetched $7.2m through Sotheby’s last weekend (below).
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The Johnsons paid $3.85m for their unrenovated Tamarama home in 2016, then installed decking and a pool.
The tailor to Sydney’s well-dressed business types, and his interior ­designer wife, sold their Yarranabbe Rd, Darling Point, apartment for $1.755m in 2018.
This article was first published in the Sunday Telegraph. 
 
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Patrick and Tamsin Johnson sell Tamarama home

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A tri-level Tamarama home has sold for $4.15 million, after less than 2 weeks on the market.
Positioned in a quiet cul de sac at 19 Wonderland Avenue, the home features four bedrooms, three bathrooms, and uninterrupted views of Tamarama Beach and the ocean.
There is roughly 300 square metres of internal floorspace, and two secure car spaces. 
The home was built in 2008, and in 2018 was had renovation plans approved by the local council.
It is currently tenanted at $2,400 a week.
The sale fell short of the suburbs median house price of $4,971,739.
Rosalia Marasco, from Goodyer Real Estate, listed the property.  
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Tamarama home sells after less than two weeks on the market

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The four-bedroom, three-bathroom Tamarama home of Europe-bound Gina Rodgers and Surteco Australia managing director Max Metzler has been listed with record settling hopes.
The 28 Wolaroi Crescent home was last traded for $4.4 million in 2006.
They have only recently completed the home designed by the Paris-based Lebanese architect Yola Noujaim.
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With park and ocean views, it has $16 million hopes through Christies International.
The current suburb record is $13 million, set when fashion entrepreneur Robby Ingham and his wife Sarah sold in Gaeroloch Avenue two years ago.
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Wolaroi Crescent, Tamarama home designed by architect Yola Noujaim listed at $16 million

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Both Melbourne and Sydney yet again returned a preliminary weekend auction clearance rate above 70 per cent.
Sydney had the priciest outcome with a $4.75 million Tamarama sale (above).
Dean Parkinson, founder of the Honeywagons fleet of makeup vans and his wife, Deborah, secured the pre-auction result after McGrath agent Simon Exleton had 110 people attend the open for inspections.
Parkinson, who has lived their 35 years, engaged architect James Grose to modernise the home in 1998. 
The Kenneth Street home, which had a $4.25 million guide, was sold to a Bondi entrepreneur.
Sydney's $1.32 million median house price sale was higher than Melbourne which saw a $852,500 median, and a $2.825 million top sale at Newport, according to Domain.
<div class="page" title="Page 1">The national capital cities returned a preliminary auction clearance rate of 68 per cent, consistent with late July results, CoreLogic reported.</div>
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The week also saw a similar number of auction, with 1,100 capital city homes taken to auction.
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 Year-on-year figures continue to see clearance rates trend higher while volumes remain lower each week, Kevin Brogan, the CoreLogic auction analyst noted.
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There were 500 Melbourne homes taken to auction this week, 73.3 per cent of which sold, up on the 71.7 per cent final auction clearance last week when volumes were slightly higher at 544.
Melbourne's top $2.825 million sale was 44 Alma Terrace, Newport, four bedroom house that sold through Greg Hocking Elly Partners.
It was listed with a $2.45 million to $2.65 million price guide. 
Architect Tina Lindner modernised the home behind its classically Californian bungalow style home set in landscaping by Acre Design Studio.
Its rear pool went in only last year after a $25,000 cost application went into the Hobsons Bay local council.
Melbourne had the nation's cheapest auction when $353,000 was paid at Forest Hill, in the outer eastern suburbs.
The one bedroom strata villa was sold by Woodards Blackburn at 1//9 Morloc Street. The price guide had been $330,000 to $360,000, having last sold at $295,000 in 2010.
Volumes were relatively steady across Sydney, however it returned a lower week-on-week clearance rate.
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There were 381 homes taken to auction across Sydney returning a preliminary auction clearance rate of 74.8 per cent, lower than the 75.7 per cent final clearance rate the week prior when 394 auctions took place.
Across the smaller auction markets, volumes increased across all cities with the exception of Tasmania. 
Brisbane was the best performing according to preliminary figures with 54 per cent of homes clearing at auction, while only 28 per cent of Perth homes sold.
Brisbane's top sale was $1,746,000 at Holland Park. The five bedroom 24 Percival Terrace was sold by Belle, who advised it was $146,000 above reserve.
It last sold at $1,453,000 in 2016.
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Set on a large 1,176sqm block, the home has views across the city to Mount Cootha and the Glass House Mountains. 
There were six bidders who registered to secure the offering.
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Pre-auction Tamarama sale tops weekend auctions

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Dean Parkinson, the founder of the Honeywagons fleet of makeup vans and his wife, Deborah, have sold their Tamarama home.
They secured $4.75 million pre-auction. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-tamarama-131443302" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.realestate.com.au/sold/property-house-nsw-tamarama-131443302&amp;source=gmail&amp;ust=1564620124011000&amp;usg=AFQjCNFwy9uPG8Fj688Dsl7QCgnRkDCcng">Kenneth Street home </a>had a $4.25 million guide ahead of its August 3 scheduled auction. 
Set in the Tamarama horseshoe, halfway between Tamarama and Bondi Beach, the designer home features views of the coastline, cliffs, beach and rolling waves.
<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/2019/8/1/tamarama%202.jpg" alt="">
The home comprises master bedroom with large balcony, two additional bedrooms, living and dining area, Chef's gas kitchen and courtyard.
Other highlights include high barrel ceilings, intercome, and oversized garage with storage. 
<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/2019/8/1/tamarama%203.jpg" alt="">
It's located within close proximity to cafes, restaurants, shops and transport. 
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Dean Parkinson secures $4.75 million in Tamarama

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Veteran Sydney jockey Glyn Schofield, who finished fourth onboard Le Romain in The Everest last month, has failed to flip the Tamarama apartment he bought just last year.
The apartment, that cost Schofield $2.3 million last year, passed in at the same price at its recent auction, so it's staying as an investment with $1,550 a week tenants.
McGrath Edgecliff agent Simon Exleton, who also sold Schofield the unit, said he is happy to hang on to the apartment and re-list in the new year.
Spanning 120 square metres, the unit has three bedrooms, two bathrooms and a large balcony.
It sits in the boutique Pertama complex of just 10 apartments, with only two per floor.
The Marchese Architects-designed building was brand new when Schofield early last year. 
Schofield has racked up over $50 million in prize money for his owners over his illustrious 18 year career.
This article first appeared in The Daily Telegraph. 
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