ABS building approvals June 2026: apartment approvals up 13%, Housing Accord shortfall widens

New dwelling approvals rose 7.2 per cent in June to 18,328, seasonally adjusted, according to Australian Bureau of Statistics data released on 30 July 2026 — ending three consecutive months of decline.

The gain was led by higher-density housing. Private sector dwellings excluding houses — a category covering apartments, townhouses and semi-detached homes — rose 17.8 per cent in June to 7,138, following an 11.0 per cent fall in May. In original terms, apartment approvals alone rose 69.9 per cent in the month to 4,888, which the ABS said was 21.9 per cent above the 12-month average.

Private sector house approvals rose a more modest 0.4 per cent to 10,631, the sixth consecutive month above 10,000 and 15.8 per cent higher than a year earlier. Queensland recorded the largest rise in house approvals (up 2.9 per cent) and South Australia the highest level since August 2021 (up 2.8 per cent), while Western Australia fell 5.4 per cent after a 9.0 per cent rise in May.

For the 2025-26 financial year, 205,249 dwellings were approved in original terms, a 9.2 per cent rise on the 187,944 approved in 2024-25 and the highest annual total since 2020-21. Within that, apartment approvals rose 13.2 per cent for the year, to 48,778 from 43,079. ABS head of construction statistics Daniel Rossi said the average approval value for a new house also continued to climb, reaching $517,430 for the financial year, up 5.0 per cent on $492,931 in 2024-25.

Non-residential building approvals fell 24.7 per cent in June to $8.26 billion, after a record high in May, pulling the total value of building approved down 5.5 per cent to $20.00 billion for the month.

Master Builders Australia, reacting to the same release, said the annual approvals total left the country 47,750 homes short of what is required to meet the National Housing Accord target of 253,000 a year. “The big message from today’s figures is that 47,750 fewer homes were built over the year compared with what we needed, and marks two consecutive years of Accord target shortfall,” said Shane Garrett, the association’s chief economist. Garrett said the Reserve Bank governor had recently acknowledged the housing market was weaker as a result of higher interest rates and recent government policy changes.

Master Builders Australia chief executive Denita Wawn said cost pressures were central to the shortfall, arguing that building a new home is now “almost 50 per cent more expensive than it was before the pandemic,” and citing a Productivity Commission estimate that regulatory costs add around $320,000 to the price of a new house. Wawn called for governments to address construction costs, lift productivity and address workforce shortages.

At the northern tip of Point Piper, hidden from the street and positioned directly on Sydney Harbour, “Radford” combines cinematic views, rare waterfront access and a fascinating connection to one of Australia’s most storied estates.

The five-bedroom residence occupies land once belonging to Paradis Sur Mer, the celebrated three-block waterfront estate that made Australian property history in 1982. The original mansion became the country’s first home reported to have sold for more than $5 million—and may also have inspired one of its fastest and most profitable resales.

Property developer and yachtsman Bernard Lewis purchased the estate at auction for $5.25 million, only to sell it within hours to English betting magnate and thoroughbred breeder Robert Sangster. Lewis reportedly made a $500,000 profit in the process.

Sangster renamed the property Toison D’Or—French for “Golden Fleece” and the name of one of his racehorses—and established it as a Sydney base with his then-wife, Susan. The estate subsequently changed hands and identities again, becoming Paradis Sur Mer, or “Paradise on the Sea”, during Susan’s marriage to financier Sir Frank Renouf.

After another headline-making sale near the peak of Sydney’s late-1980s property boom, the original mansion was eventually demolished and the waterfront holding subdivided. “Radford” now stands on one of those prized parcels, carrying a thread of that extraordinary history into the present day.

Harbour views take centre stage

Designed by award-winning architect Victor Berk and constructed in the early 1990s, the three-level modernist residence has been planned around its exceptional position.

Panoramic views stretch from the Sydney Harbour Bridge across Shark Island and Rose Bay to Manly. A prized northerly aspect fills the home with natural light, while bedrooms and living spaces open to decks, balconies and terraces overlooking the water.

The main living areas flow to a broad alfresco entertaining terrace, sunny swimming pool and level harbourfront lawn. Beyond the garden, a private jetty completes the quintessential Sydney waterfront lifestyle.

Inside, generous proportions make the home equally suited to private family life and large-scale entertaining. The formal dining area can accommodate up to 14 guests, while a Gaggenau-appointed kitchen incorporates an island, walk-in pantry and casual breakfast area opening to the poolside deck.

A fireplace anchors the principal living space, complemented by high ceilings, travertine floors and expansive glazing that keeps the harbour present throughout the home.

A private sanctuary on every level

The main bedroom is accompanied by two walk-in wardrobes, a sitting area and an ensuite featuring a spa bath, separate shower and twin basins. Three further bedrooms each have an ensuite, while a gym with its own kitchenette, built-in storage and bathroom can serve as a fifth bedroom or private guest retreat.

Additional spaces include a fitted home office, an upper-level family area, sauna, two powder rooms and a substantial laundry. A lift connects all three levels, and the central staircase sits beneath an atrium-style glass roof fitted with an electric retractable blind.

Ducted and zoned air-conditioning, extensive storage and a security alarm add everyday practicality. Internal access leads to an oversized secure double garage, with additional driveway parking.

Set in an elite cul-de-sac on one of Australia’s most prestigious waterfront streets, “Radford” is close to Lady Martins Beach, Prince Edward Yacht Club, the Royal Motor Yacht Club, Rose Bay’s marinas and leading schools. Double Bay’s restaurants, boutiques and village amenities are only minutes away.

It is an exceptional harbourfront residence in its own right—but its connection to the record-breaking Paradis Sur Mer estate gives it a place within the wider story of Sydney real estate.

Property details

Address: Wolseley Road, Point Piper, NSW
Bedrooms: Five, including a flexible gym or guest suite
Bathrooms: Five, plus two powder rooms
Parking: Oversized double garage and additional driveway space
Key features: Northerly aspect, panoramic harbour views, private jetty, swimming pool, level waterfront lawn, lift, sauna, home office and Gaggenau kitchen
Architect: Victor Berk
Agents: Michael Pallier, Sydney Sotheby’s & Brad Pillinger, Pillinger