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

Warehouse

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Three registered bidders competed for a dual-level warehouse sold after successful post-auction negotiations for $635,000.
Situated at <a id="LPlnk547633" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGwRIY/y58u2KAA1eFDlkOjV7G+jvj3+NpRSjpD4TpjqQ=&amp;rh=ff00470effe117c9e85679cec8428ffade37974d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">5/8 Samantha Court, Knoxville, Melbourne</a>, the asset came with a 368 sqm building area, comprised of 193 sqm warehouse and 175 sqm office
It was bought by an owner-occupier.   The asset was marketed and sold by Ray White Commercial Glen Waverley Managing Director Ryan Trickey.   Mr Trickey said being in the industrial heart of Knoxville, with its strong road links, made the property particularly appealing to potential buyers.
<img src="https://www.urban.com.au/images/2019/2/14/5_8%20Samantha%20Court%20-%202.JPG" alt="">
“The industrial precinct of Knoxfield has served generations of industrial businesses because of its ability to meet all of their core needs; broad access roads, proximity to major arterials, and uninterrupted working space,” he said.   “Knoxfield’s reputation and perceived capital value is on the rise with the addition of the new business centre just up the road with Home Consortium joining McDonald’s and Bunning’s Warehouse, along with an 88-unit development.   “The City of Knox is seeing huge growth, with residential developments planned at Stamford Park and Waterlea, as well as extensions to Westfield Knox in the pipeline.   “Road access is great as the property is within a five-minute drive to Eastlink, Stud Road, Ferntree Gully Road, Scoresby Road, Burwood Highway and Dorset Road.
“The office has been constructed to a high standard to ensure longevity and suitability for future use, and has a ‘warm shell’ on entrance.
<img src="https://www.urban.com.au/images/2019/2/14/5_8%20Samantha%20Court%20-%203.JPG" alt="">   “The warehouse is a clean, open-plan concrete floor space with high clearance and clear roller door access, along with a more-closed area behind the office construction, which could easily be converted to storage/office.   “The three registered bidders appreciated the opportunity on offer and we successfully reached an outcome the vendor and one of the parties was happy with post-auction.”
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Knoxville warehouse sells post-auction for $635,000

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A private ballet school has agreed to terms on the lease of a warehouse space just off the Chapel Street retail precinct in South Yarra.
Teska Carson’s Fergus Evans, who brokered the 1 Hazeldon Place deal, said the school had taken an initial 12 month lease at $48,000 per annum plus GST.
He said the open plan, 220 square metre, premises was ideally suited to dance school use.
The property is located only a short walk from Chapel Street shops and trams and within close proximity of Hawksburn Railway Station.
The lessor is a Melbourne based private investor.
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Ballet school begins lease in South Yarra

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‘Mini-warehouses’ are being developed to more affordable options in the industrial market, a new report says.  
The Colliers International report said developers were responding to demand from smaller industrial users looking for assets at lower costs, said Malcom Tyson, Managing Director, Industrial at Colliers International. 
“As the economy grows, the dynamics of the industrial market have been evolving and therefore requirements for industrial space have been diversifying,” said Tyson.
“In particular, it is the growth of small businesses which employ nearly half of Australia’s workforce and generate one fifth of Australia’s GDP, that has triggered a rising demand for strata spaces.”
Australia’s industrial property is in high demand from both domestic and international investors, said Alex Pham, Director of Research at Colliers International.
“Industrial land values have experienced, and will continue to see record growth rates being driven by fierce competition for developable sites and an unprecedented level of investment.”
“With a significant pipeline of infrastructure development yet to be delivered, we can expect industrial value uplifts to continue to be supported by major infrastructure projects, boosting the efficiency of industrial operations.”
<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/2018/10/12/colliers%201.jpg" alt="">
<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/2018/10/12/colliers%202.jpg" alt="">
The main summary findings of the report were:
Summary:
<ul>
<li>From both domestic and global contexts, demand for industrial property is being fuelled by Australia’s robust economic conditions, which continues to be underpinned by a confluence of fundamental factors, including; 
</li>
<li>Strong growth in the global economy on the back of increases in global industrial production and trade - particularly across the Asia Pacific region, 
</li>
<li>The positive spillover effects from increased investment in public infrastructure, 
</li>
<li>The improvement in business sentiment (both globally and domestically) and rising non-mining business investment, 
</li>
<li>A sustainably low interest rate environment, 
</li>
<li>A relatively low Australian dollar, boosting net exports, 
</li>
<li>Strong rates of population growth, with the five-year projection (estimated at 1.6% per annum) doubling the average of the world’s top 30 economies.</li>
</ul>
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'Mini-warehouses' adding affordabile alternative in industrial market: Colliers International 

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Teska Carson is marketing a warehouse/showroom property leased to Carpet Call on the Nepean Highway at Bentleigh in Melbourne’s south-eastern bayside suburbs.
The property will be auctioned on June 29 on site at 909 Nepean Highway.
The property comprises a single level, solid brick, 435 square metre facility with rear roller door access and eight designated car spaces within a 46 space car park.
It is located on a very well established showroom strip with Autobarn.
Bob Jane T-Marts, Forty Winks, Beacon Lighting, Kennards Hire and Hungry Jacks among others, the property is commercial 2 zoned.
The property will be sold subject to a three year lease from April 2017 to Carpet Call at $122,620 per annum net.
According to marketing agents, Teska Carson’s Luke Bisset and Michael Ludski, the high profile location is exposed to approximately 60,000 passing cars per day, making it an ideal position for showroom businesses.   
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Carpet Call, Bentleigh premises listed for sale

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As the scaffolding comes down from St Kilda's Gatwick Hotel, the location of this year's series of The Block, its executive producer Julian Cress can focus all his attention on the nearing airing of the show.
He's finally found a buyer for his redundant Annandale warehouse which he inherited from his late father, the Archibald award-winning artist Fred Cress.
The property space failed to sell at its March McGrath auction when it had a guide of $4 million after being listed in February.
It then went up with a guide of $4.5 million, selling 77 days into its marketing campaign to a Potts Point couple.
Fred Cress had used the Johnstone Lane warehouse as his creative studio.
Julian commissioned architect Julian Brenchley and designer Darren Palmer to undertake the recent conversion which was recognised with the 2015 MBA's Excellence in Housing Award.
He and wife Sarah have been based in Albert Park after The Block became more permanently based in Melbourne.
Cress became critical of Sydney council approvals in his pursuit of development sites for the Channel 9 show.
He has been executive producer of the hit show since its first series in 2003 where they renovated a block of apartments in Bondi.
Set at the end of a laneway, the home has four bedrooms, three bathrooms and a ground floor gallery.
The warehouse features polished concrete, exposed brick and soaring ceilings, interlaced with exposed steel and timber trusses.
There's an open plan upper level integrated with a private rooftop terrace.
The prior to-price for a converted warehouse in Annandale sat with the $3.7 million paid last June by fellow artist Jonathan Newton, the son of Britain’s Gravity Media Group boss John Newton.
 
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firstname1-iYD4UYzvBa

Julian Cress finally sells his dad's Annandale warehouse

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Award-winning artist Nigel Sense and his wife, the designer, Monica Lawrie secured $1.31 million for their Marrickville warehouse conversion.
McGrath Inner West agent Adrian Tsavalas had eight bidders register, but first time buyers secured the property against strong underbidder investor bidding.
The buyers will operate her business, Studio Chen Chen, from the downstairs shop.
<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/2018/4/27/marrick2.jpg" alt="">
There was a $1.2 million reserve price. 
They'd completely renovated and extended the property since paying $380,000 in 2010.
The old store front is now Sense's studio.
<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/2018/4/27/marrick3.jpg" alt="">
It had a $1.15 million guide through McGrath inner west agent Adrian Tsavalas, who sold the property eight years ago. 
<a href="https://www.realestate.com.au/sold/property-house-nsw-marrickville-127960882" target="_blank">Marketed as a residential and commercial property</a>, the two level residence has two bedrooms, two bathrooms and a rear entertaining terrace.
Sense, a graduate from the University of Wollongong, is a neo-expressionist artist and has had his work featured in a number of group exhibitions throughout Australia and Sri Lanka.
He draws inspiration from the American abstract expressionists and pop artists of the 1960s.
 
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jchancellor-FAypfDUnLy

Marrickville warehouse conversion sold to shop keeper first home buyers

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The warehouse that was the home of Danks Street Produce Merchants in Waterloo until earlier this year is up for sale.
The Quattroville family closed operations in February having spent $13 million on the project at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-nsw-waterloo-502779458" target="_blank">3-7 Danks Street, Waterloo.</a>
They were rumoured to have spent $3 million on renovations and $10 million on the property and a neighbouring space in 2013.
The building, which was once home to the first Fratelli Fresh outlet, is being marketed by CBRE in conjunction with Gunning Real Estate.
There's an existing net lettable area of 3,350 square metres and has the ability to be increased to 4,250 square metres.
The Produce Market, which included a 100-seat restaurant, only lasted 18 months.
It was filled with fresh food produce, butcheries and boutique food stalls.
The family's patriarch and veteran foodie Peter Quattroville cited the likes of Uber Eats and Deliveroo as changing the industry.
The Quattrville family head up Mosman's Fourth Village.
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jonathanchancellor-7SQnKwU6yx

Quatroville family list Danks Street Produce Merchants space

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Two adjoining industrial warehouses within the Victoria Gardens precinct at Richmond in Melbourne’s inner east.
The <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-502731578" target="_blank">39 and 41 Blazey Street</a> properties are located in a sought after precinct bounded by Bridge Road and Swan Street, Burnley.
Both properties are a solid brick, single level industrial building with a 10 tonne overhead crane and roller door access.
Number 39 spans 370 square metres on its 425 square metre site, while 41 is 305 square metres on 411 square metres.
Both properties will be sold subject to monthly tenancies while 41 Blazey Street also includes $28,962 annual rental income from a Telco Tower.
Larry Takis and Tom Maule at Teska Carson are marketing the commercial properties with owner-occupiers, investors and commercial developers the likely interested parties.
"Along with the residential development we have seen numerous associated commercial and retail construction projects that have driven an escalation of property values across all sectors of the market and that process is ongoing.’’ Maule said.
The properties will be auctioned April 4.
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Industrial Richmond warehouses offer numerous options

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A boutique freehold warehouse in Surry Hills has been listed in a prime location in the Sydney city fringe suburb.  
The property, <a href="https://www.commercialrealestate.com.au/property/12-14-little-riley-street-surry-hills-nsw-2010-2014159716">12-14 Little Riley Street</a>, is an underdeveloped traditional two-storey warehouse spanning 217 square metres.
With clear open floor plates, it has potential for repositioning into a high quality residence, or as continued commercial office space. 
The property has been listed through Knight Frank’s Demi Carigliano and Adam Bodon.
There are $2.3 million expectations.
<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/2018/2/13/12-14%20Little%20Riley%20Street%20interior.jpg" alt="">
 The property will be auctioned on site on March 17.  
It last sold at $480,000 in 1995.
Its proper owners include George Seper.
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Boutique Surry Hills warehouse listed for auction

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A converted warehouse at Cremorne (Richmond) has sold to an owner-occupier for $1.95 million at the land rate of $10,427 a square metre.
The property, 16 Dove Street, features a 312 square metre, two level, converted warehouse with secure undercover parking for nine vehicles, a private office, laundry, bathroom, and two staircases providing separate first floor access. 
The first floor includes an open plan mezzanine and a private office, an open plan workshop/breakout area with fully equipped kitchen and a large courtyard.
The 187 square metre site has ten metres frontage to Dove Street. 
According to selling agents, Teska Carson’s Tom Maule and Matthew Feld, they had 170 pre-auction enquiries for the property.
Mr Maule said the enquiry level reflected both the first rate conversion, providing multiple tenancy options, and the prime Richmond location, which appealed to investors and owner-occupiers.
"This is a funky converted warehouse/office property with a flexible layout providing multiple use options, and secure on-site parking, which is well suited to owner-occupation, especially those looking for a point of difference and a location close to everything, but it also appealed to investors sure of demand for the space,’’ he said.
The property was sold with vacant possession by a Melbourne based investor.
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