<html><body>
Houses in Adelaide took an average of just 16 days to sell last year, topping the list of fastest-selling localities in South Australia, according to RP Data. This was followed by Beverley in Adelaide’s north at 19 days. Property Observer notes there were 27 sales in Adelaide last year.
<table width="210" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="107">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Adelaide
</td>
<td valign="bottom" nowrap width="103">
16
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Beverley
</td>
<td valign="bottom" nowrap width="103">
19
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Melrose Park
</td>
<td valign="bottom" nowrap width="103">
20
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Bedford Park
</td>
<td valign="bottom" nowrap width="103">
21
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Clarence Gardens
</td>
<td valign="bottom" nowrap width="103">
21
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Exeter
</td>
<td valign="bottom" nowrap width="103">
22
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
O'Sullivan Beach
</td>
<td valign="bottom" nowrap width="103">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Richmond
</td>
<td valign="bottom" nowrap width="103">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Torrensville
</td>
<td valign="bottom" nowrap width="103">
26
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Nailsworth
</td>
<td valign="bottom" nowrap width="103">
27
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="107">
Netley
</td>
<td valign="bottom" nowrap width="103">
27
</td>
</tr>
</tbody></table>
Source: RP Data
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Adelaide fastest-selling locality in South Australia: RP Data

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Seven Mile Beach, near Hobart International Airport, is Tasmania’s fastest-selling locality, with houses taking an average of just 26 days to sell last year, according to RP Data. This was closely followed by Cooee at 30 days and then by Mount Stuart at 40. Property Observer notes there were 18 sales in Seven Mile Beach last year.
<table width="220" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="117">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Seven Mile Beach
</td>
<td valign="bottom" nowrap width="103">
26
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Cooee
</td>
<td valign="bottom" nowrap width="103">
30
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Mount Stuart
</td>
<td valign="bottom" nowrap width="103">
42
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Brooklyn
</td>
<td valign="bottom" nowrap width="103">
44
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Lutana
</td>
<td valign="bottom" nowrap width="103">
47
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Parklands
</td>
<td valign="bottom" nowrap width="103">
52
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
West Hobart
</td>
<td valign="bottom" nowrap width="103">
53
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Battery Point
</td>
<td valign="bottom" nowrap width="103">
54
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Mornington
</td>
<td valign="bottom" nowrap width="103">
55
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="117">
Forcett
</td>
<td valign="bottom" nowrap width="103">
60
</td>
</tr>
</tbody></table>
 Source: RP Data
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Seven Mile Beach leads fastest-selling localities in Tasmania: RP Data

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Scottsdale, in Tasmania’s north east, is the state’s slowest-selling locality, with houses taking more than six months to sell, according to RP Data. Scottsdale has recently suffered from job losses. Property Observer notes there were 18 sales in Scottsdale last year.
<table width="211" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="108">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Scottsdale
</td>
<td valign="bottom" nowrap width="103">
194
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Huonville
</td>
<td valign="bottom" nowrap width="103">
164
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Scamander
</td>
<td valign="bottom" nowrap width="103">
163
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
St Helens
</td>
<td valign="bottom" nowrap width="103">
162
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Shearwater
</td>
<td valign="bottom" nowrap width="103">
161
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Turners Beach
</td>
<td valign="bottom" nowrap width="103">
159
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Triabunna
</td>
<td valign="bottom" nowrap width="103">
155
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Eaglehawk Neck
</td>
<td valign="bottom" nowrap width="103">
152
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Miandetta
</td>
<td valign="bottom" nowrap width="103">
152
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="108">
Westbury
</td>
<td valign="bottom" nowrap width="103">
150
</td>
</tr>
</tbody></table>
 Source: RP Data
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Scottsdale slowest-selling locality in Tasmania: RP Data

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Houses took an average of268 days to sell in Church Point last year, the slowest-selling locality in NSW, according to RP Data. This was more than a month more sluggish than the next slowest-selling locality, Jamberoo, which took an average of 235 days. There were just 14 sales in Church Point last year.
<table width="205" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="103">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Church Point
</td>
<td valign="bottom" nowrap width="103">
268
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Jamberoo
</td>
<td valign="bottom" nowrap width="103">
235
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Barooga
</td>
<td valign="bottom" nowrap width="103">
225
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Sapphire Beach
</td>
<td valign="bottom" nowrap width="103">
224
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Manyana
</td>
<td valign="bottom" nowrap width="103">
217
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Dangar Island
</td>
<td valign="bottom" nowrap width="103">
216
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Harden
</td>
<td valign="bottom" nowrap width="103">
213
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Moruya
</td>
<td valign="bottom" nowrap width="103">
213
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Green Point
</td>
<td valign="bottom" nowrap width="103">
209
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="103">
Terranora
</td>
<td valign="bottom" nowrap width="103">
202
</td>
</tr>
</tbody></table>
 Source: RP Data
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Church Point slowest-selling locality in NSW: RP Data

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The total land value of the 51,694 properties in the City of Liverpool was $17.940 billion in July 2011, according NSW Valuer-General Philip Western.
That figure is up 1% from the July 2008 valuation of $17.462 billion.
In the three years since the last valuation residential land generally experienced a slight increase in value.
From 2010 to 2011, the median residential land price increased 1.8% from $226,000 to $230,000.
Commercial and industrial land in the city both had a slight decrease in value over the three years.
The median industrial land price stayed constant from 2010 to 2011 at $1.23 million. The median commercial price dropped slightly from $600,000 to $598,000 over the same period.
Rural-residential land values generally had a slight decrease, with the exception of rural- residential land marked for future residential development in the south west growth centre, which generally had a moderate increase in value.
From 2010 to 2011, the median rural land price increased 1% from $659,000 to $665,000.
Landowners and rate-paying-lessees received a notice of valuation last month.
The valuations are used to determine rates and land taxes on investment properties.
Typical residential land values were:
<ul>
<li>451 square metres at Alexandrina Court, Wattle Grove valued at $249,000 </li>
<li>428 square metres at Barnwell Place, Cecil Hills valued at $244,000 </li>
<li>467 square metres at Braidwood Drive, Prestons valued at $218,000 </li>
<li>556 square metres at Coonong Street, Busby valued at $196,000 </li>
<li>482 square metres at Forcett Close, West Hoxton valued at $228,000 </li>
<li>573 square metres at Geebung Court, Voyager Point valued at $316,000 </li>
<li>664 square metres at Longstaff Avenue, Chipping Norton valued at $340,000 </li>
<li>563 square metres at Weir Crescent, Lurnea valued at $216,000 </li>
</ul>
Typical commercial land values were:
<ul>
<li>1.3 hectares at Camden Valley Way, Casula valued at $3,000,000 </li>
<li>1,442 square metres at Elizabeth Drive, Liverpool valued at $800,000 </li>
<li>575 square metres at George Street, Liverpool valued at $796,000 </li>
<li>1,625 square metres at Cowpasture Road, Carnes Hill valued at $742,000</li>
</ul>
Typical industrial land values were:
<ul>
<li>9,194 square metres at Alfred Road, Chipping Norton valued at $2,750,000 </li>
<li>2,490 square metres at Heathcote Road, Moorebank valued at $754,000 </li>
<li>9,896 square metres at Riverside Road, Chipping Norton valued at $3,050,000 </li>
<li>1,859 square metres at Seton Road, Moorebank valued at $672,000 </li>
<li>1.5 hectares at Lyn Parade, Prestons valued at $3,450,000 </li>
<li>2,750 square metres at Avalli Road, Prestons valued at $897,000</li>
</ul>
Typical rural residential land values were:
<ul>
<li>2 hectares at Denham Court Road, Denham Court valued at $758,000 </li>
<li>2 hectares at Derwent Road, Bringelly valued at $550,000 </li>
<li>1.6 hectares at Overett Avenue, Kemps Creek valued at $60,600 </li>
<li>1.9 hectares at Rossmore Avenue, Rossmore valued at $611,000 </li>
<li>1.2 hectares at Sixth Avenue, Austral valued at $752,000</li>
</ul>
Typical hobby farm land values were:
<ul>
<li>40.5 hectares at Greendale Road, Wallacia valued at $1,780,000 </li>
<li>10.2 hectares at Greendale Road, Greendale valued at $675,000</li>
</ul>
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Liverpool in Sydney land values up 1% in three years: NSW Valuer-General

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Houses took an average of just 18 days to sell in Chippendale – the fastest-selling locality in NSW, according to RP Data. This is seven days quicker than the next fastest-selling locality, Beverley Park, where it took 25 days to sell a house. Property Observer notes there were just 17 houses sold in Chippendale last year.
<table width="213" cellpadding="0" cellspacing="0" border="0"><tbody>
<tr>
<td valign="bottom" nowrap width="133">
Locality
</td>
<td valign="bottom" nowrap width="80">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Chippendale
</td>
<td valign="bottom" nowrap width="80">
18
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Beverley Park
</td>
<td valign="bottom" nowrap width="80">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Edgecliff
</td>
<td valign="bottom" nowrap width="80">
28
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Regentville
</td>
<td valign="bottom" nowrap width="80">
28
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Old Toongabbie
</td>
<td valign="bottom" nowrap width="80">
31
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Bangor
</td>
<td valign="bottom" nowrap width="80">
32
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Lane Cove North
</td>
<td valign="bottom" nowrap width="80">
34
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Revesby Heights
</td>
<td valign="bottom" nowrap width="80">
34
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Padstow
</td>
<td valign="bottom" nowrap width="80">
35
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="133">
Waitara
</td>
<td valign="bottom" nowrap width="80">
35
</td>
</tr>
</tbody></table>
 
Source: RP Data
 
 
 
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Chippendale fastest-selling locality in NSW: RP Data

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The total land value of Moree Plains Shire increased 35% from 2008 to 2011, driven up by strong growth in rural land values, according to NSW Valuer-General Philip Western.
The combined land value of the 6962 properties in the shire was $3.368 billion in July 2011, up from $2.499 billion in 2007.
Larger cropping land and mixed farming and grazing land values had a moderate increase over the four years, with irrigation lands experiencing a slight increase in value.
Former grazing properties west of Moree, which were recently converted to cultivation land, had a strong increase in land values.
Hobby farms had a slight increase in land values, with sites smaller than one hectare surrounding the villages experiencing strong increases.
The village areas of Mungindi and Pallamallawa had a moderate increase in land values, while village land in Boggabilla experienced strong increases.
<img src="/images/stories/moreeplainsmap.gif">
These overall increases in rural prices came despite a 0.5% drop in median rural land prices from 2010 to 2011 from $603,000 to $600,000.
The land value of residential, commercial and industrial land has generally in the shire remained steady.
From 2010 to 2011 median business land prices increased 1% from $96,100 to $96,900 while median residential land prices stayed at $30,800 and median industrial land prices at $102,000.
Landowners and rate-paying-lessees received a notice of valuation last month.
The valuations are used to determine rates and land taxes on investment properties.
Typical residential land values were:
<ul>
<li>664 square metres at Barwon Avenue, Moree valued at $5,000 </li>
<li>646 square metres at Brigalow Drive, Moree valued at $38,500 </li>
<li>1,370 square metres at Callaille Avenue, Moree valued at $115,000 </li>
<li>767 square metres at Oak Street, Moree valued at $10,500 </li>
<li>974 square metres at Queen Street, Moree valued at $65,000</li>
</ul>
Typical commercial land values were:
<ul>
<li>396 square metres at Balo Street, Moree valued at $187,000 </li>
<li>891 square metres at Frome Street, Moree valued at $98,000 </li>
<li>1,012 square metres at St George Street, Mungindi valued at $4,340</li>
</ul>
Typical industrial land values were:
<ul>
<li>2,574 square metres at Greenbah Road, Moree valued at $152,000 </li>
<li>5,489 square metres at Industrial Drive, Moree valued at $102,000</li>
</ul>
Typical rural land values were:
<ul>
<li>571 hectares at Terry Hie Hie Road, Moree valued at $1,860,000 </li>
<li>1,056 hectares at Ulinga Road, Garah valued at $1,540,000</li>
<li>394 hectares at Terry Hie Hie Road, Terry Hie Hie valued at $1,420,000 </li>
<li>1,297 hectares at Talmoi Road, Garah valued at $2,590,000</li>
</ul>
Typical rural residential land values were:
<ul>
<li>2.7 hectares at Tranquility Road, Moree valued at $110,000 </li>
<li>41.5 hectares at Burrington Road, Moree valued at $147,000 </li>
<li>5,066 square metres at Myora Street, Moree valued at $15,000</li>
</ul>
Typical hobby farm land value was:
<ul>
<li>57.4 hectares at Mosquito Creek Road, Pallamallawa valued at $208,000</li>
</ul>
Typical village land values were:
<ul>
<li>2,023 square metres at Bucknell Street, Mungindi valued at $1,970 </li>
<li>2,011 square metres at Yeoman Street, Boggabilla valued at $5,500 </li>
<li>2,023 square metres at Bingera Street, Pallamallawa valued at $16,900</li>
</ul>
 
 
 
<ul></ul>
</body></html>

Mooree Plains land values increased 35% in three years, driven by strong rural growth

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Houses in the Darwin suburb of Nakara took just 24 days to sell last year, according to RP Data. This was closely followed by Larapinta in Alice Spring’s West at 25 days and neighbouring Araluen at 28. There were 22 sales in Nakara last year.
<table style="width: 201px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap width="99">
Locality
</td>
<td valign="bottom" nowrap width="103">
Days on Market
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Nakara
</td>
<td valign="bottom" nowrap width="103">
24
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Larapinta
</td>
<td valign="bottom" nowrap width="103">
25
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Araluen
</td>
<td valign="bottom" nowrap width="103">
28
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Tiwi
</td>
<td valign="bottom" nowrap width="103">
37
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Gillen
</td>
<td valign="bottom" nowrap width="103">
42
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Sadadeen
</td>
<td valign="bottom" nowrap width="103">
52
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Tennant Creek
</td>
<td valign="bottom" nowrap width="103">
52
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Katherine
</td>
<td valign="bottom" nowrap width="103">
54
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Millner
</td>
<td valign="bottom" nowrap width="103">
54
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="99">
Braitling
</td>
<td valign="bottom" nowrap width="103">
56
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

Nakara fastest-selling locality in Northern Territory: RP Data

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Houses in Darwin’s Stuart Park took an average of 148 days to sell last year, the longest of any locality in the Northern Territory, according to RP Data. This was closely tailed by Humpty Doo near Darwin, <a target="_blank" href="https://www.propertyobserver.com.au/hotspots/humpty-doo-home-of-the-big-boxing-crocodile-among-eclectic-mix-of-25-post-gfc-hot-spot-kings/2012032253977">home of the Giant Boxing Crocodile</a>, where it took 131 days to sell. There were just 26 sales in Darwin last year.
<table border="0" cellspacing="0" cellpadding="0" width="187"><tbody>
<tr>
<td width="84" nowrap valign="bottom">
Locality
</td>
<td width="103" nowrap valign="bottom">
Days on Market
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Stuart Park</a>
</td>
<td width="103" nowrap valign="bottom">
148
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Humpty Doo</a>
</td>
<td width="103" nowrap valign="bottom">
131
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
Herbert
</td>
<td width="103" nowrap valign="bottom">
123
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Gray</a>
</td>
<td width="103" nowrap valign="bottom">
116
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Lyons</a>
</td>
<td width="103" nowrap valign="bottom">
109
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Ludmilla</a>
</td>
<td width="103" nowrap valign="bottom">
105
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Rapid Creek</a>
</td>
<td width="103" nowrap valign="bottom">
105
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Moil</a>
</td>
<td width="103" nowrap valign="bottom">
100
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Wagaman</a>
</td>
<td width="103" nowrap valign="bottom">
98
</td>
</tr>
<tr>
<td width="84" nowrap valign="bottom">
<a target="_blank" href="/news">Rosebery</a>
</td>
<td width="103" nowrap valign="bottom">
94
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

Stuart Park slowest-selling locality in Northern Territory: RP Data

<html><body>
Pop-up shops helped plug rental gaps in 2011 as Melbourne experienced historically low retail vacancy rates in 2011, according to a report by CBRE.
Melbourne’s retail vacancies hit record lows as short-term spontaneous shops filled vacancies.
Pop-up shops are shops that exist for just a short period of time, usually weeks or months.
Vacancies across Melbourne’s top 10 retail strips fell to 3.5% over the second half of 2011, found CBRE’S Melbourne Retail MarketView.
Bridge Road experienced the greatest drop in vacancies, falling to 2.7% after the leasing of 10 shops, four of which were tenanted by pop-up stores such as Spring Clean Shop, run by the Brazillian Melko boutique.
Pop-up stores also appeared on Acland Street and Chapel Street in the second half of the year, helping to drive down vacancies in both precincts.
They give the retailer the opportunity to test the waters without the overhead of a longer-term lease and give landlords the opportunity to fill a gap in vacancy.
“The benefit for retailers is they can trade in an established shopping precinct for a low upfront cost while testing the market or clearing excess stock,” says CBRE associate director of retail services Max Cookes.
“At the same time landlords benefit by avoiding vacancy while letting tenants try before they buy or while waiting for the right long-term lease deal or concept. The concept has also be embraced by the likes of Celine Victoria, which pops up in the Melbourne CBD in the lead-up to Spring Carnival to sell its sought-after range of hats and fascinators.”
The report finds pop-ups have enjoyed increasing popularity as retailers and landlords focus on new marketing and brand initiatives in a challenging retail landscape.
Cookes says the concept is targeted towards the youth market, as young people like the spontaneous nature of a retail “event”.
Retail analysts have dubbed the shoppers who flock to pop-up shops as “transumers”.
The report looked at the Melbourne shopping strips of Acland Street, St Kilda; Bridge Road, Richmond; Burke Road, Camberwell; Chapel Street, South Yarra; Church Street, Brighton; Clarendon Street, South Melbourne; Fitzroy Street, St Kilda; Glenferrie road, Hawthorn; Glenferrie Road, Malvern; Puckle Street, South Yarra and Toorak Road, South Yarra.
The occurance isn't new as Ksubi set up its pop-up store - picture from the website, record/preserve/share - back in late 2008.
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Pop-up shops on the rise as Melbourne retail vacancy rate falls: CBRE

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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;

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;

Alistair Walsh

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