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The following are the January median house prices for 16 regions across New South Wales:
<img src="/images/stories/416000.gif">
The median house price in Wollongong, according to Residex. This is up 3% on the previous year.
 
<hr>
<img src="/images/stories/397000.gif">
The median house price in the Blue Mountains, according to Residex. This is down 0.2% on the previous year.
 
<hr>
 
<img src="/images/stories/388000.gif">
The median house price in Newcastle, according to Residex. This is about the same as the previous year.
 
<hr>
<img src="/images/stories/385500.gif">
 
The median house price in Penrith Windsor, according to Residex. This is up 3.3% on the previous year.
 
<hr>
 
<img src="/images/stories/374500.gif">
The median house price in Southern, according to Residex. This is up 1.9% on the previous year.
 
<hr>
<img src="/images/stories/368500.gif">
 
The median house price in the Central Coast, according to Residex. This is down 1.1% on the previous year.
 
<hr>
<img src="/images/stories/354500.gif">
The median house price in the North Coast, according to Residex. This is down 3.9% on the previous year.
 
<hr>
<img src="/images/stories/351000.gif">
The median house price in the South Coast, according to Residex. This is down 3.7% on the previous year.
 
<hr>
<img src="/images/stories/297500.gif">
The median house price in the Hunter Valley, according to Residex. This is down 3.7% on the previous year.
 
<hr>
 
<img src="/images/stories/264500.gif">
The median house price in Bathurst Orange, according to Residex. This is up 2.2% on the previous year.
 
<hr>
<img src="/images/stories/255500.gif">
The median house price in Mudgee District, according to Residex. This is up 2% on the previous year.
 
<hr>
<img src="/images/stories/240000.gif">
The median house price in New England, according to Residex. This is down 1.4% on the previous year.
 
<hr>
<img src="/images/stories/223000.gif">
The median house price in Riverina, according to Residex. This is down 4.4% on the previous year.
 
<hr>
<img src="/images/stories/206500.gif">
The median house price in Dubbo and North West, according to Residex. This is up 2.2% on the previous year.
 
<hr>
<img src="/images/stories/160500.gif">
The median house price in Western New South Wales, according to Residex. This is up 2.2% on the previous year.
 
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cknowlton-QnEa6ntUYP

Wollongong pips Newcastle in regional house prices: Residex - 16 localities from dearest to cheapest

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The sale of one property and the withdrawal from the market of a second have made way for two new entrants onto SQM Research's top 10 most discounted properties list. 
The property at 102 Fountain Road, Burpengary has been withdrawn from the market unsold. It made its debut in the number-three spot on SQM's most discounted properties list <a href="https://www.propertyobserver.com.au/hotspots/horse-stud-discounted-by-42-in-five-months-on-sqm-discount-list/2011090651455" target="_blank">in September 2011</a>, when its price hopes were cut from $1.2 million to $600,000.
SQM Research director Louis Christopher noted at the time that it made its debut with a discount of over $500,000 in the space of five months.
"The vendors of this property, which was a former horse stud, featuring attributes such as an in-ground pool, ducted air-conditioning, stables and feed shed, billiard room with built-in bar and 1.5kw solar panels, are most likely struggling to find a suitable buyer for a home with such niche characteristics,” Christopher said.
The property has now been withdrawn from sale after being marketed by Coronis Real Estate agents since April 2011. Most recent listing agent Mark Pickles says the vendors were unwilling to discount the property any further and were unable to secure a buyer.
The number nine and 10 spots are now taken up by two hinterland properties, 13 Hawcroft Place in the WA town of Lancelin and 1302 Birkdale Place in Magenta, on the NSW central coast.
The Magenta property has featured on SQM's list of properties that have been on the market the longest, appearing<a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/nsw-central-coast-dominates-top-10-longest-property-listings/2011080251010"> at number seven on in August 2011</a>. At the time the property's price hopes had been reduced from an initial $700,000 to $500,000, a reduction of 29%. It had been on the market 1,131 days.
In November 2011 its price hopes were slashed again to $450,000, or a 36% discount. It is currently offered at $450,000, and it has been on the market more than three years. 
1
<a href="https://www.realestate.com.au/property-house-qld-karragarra+island-106914618" target="_blank">60 Treasure Island Avenue, Karragarra Island, Queensland, 4184</a> 
On the market since: October 3, 2010
Initial asking price: $349,000
Current asking price: $185,000
Reduction: 47%
Days on market: 496
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">2</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479016" target="_blank">92 Beelong Street, Macleay Island, Queensland, 4184</a>
On the market since: May 23, 2010
Initial asking price: $590,000
Current asking price: $340,000
Reduction: 42%
Days on market: 629
 
3
<a href="https://www.realestate.com.au/property-house-qld-karragarra+island-106914618" target="_blank">121 Treasure Island Avenue, Karragarra Island, Queensland, 4184</a>
On the market since: October 23, 2010
Initial asking price: $335,000
Current asking price: $200,000
Reduction: 40%
Days on market: 476
 
 
4
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008421301">27 Reeve Street, Campania, Tasmania, 7026</a>
On the market since: June 14, 2010
Initial asking price: $330,000
Current asking price: $200,000
Reduction: 39%
Days on market: 609
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">5</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106866439">329 Waterford Road, Ellen Grove, Queensland, 4078</a>
On the market since: October 16, 2010
Initial asking price: $1,275,000
Current asking price: $800,000
Reduction: 37%
Days on market: 483
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106364068" target="_blank">22 Fenton Avenue, Christies Beach, SA, 5165</a>
On the market since: March 6,  2010
Initial asking price: $1,195,000
Current asking price: $750,000
Reduction: 37%
Days on market: 707
 
7
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295" target="_blank">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.45 million
Reduction: 37%
Days on market: 1,348
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">8</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106211228">15 Gretel, Two Rocks, WA, 6037</a>
On the market since: December 26, 2009
Initial asking price: $1.1 million
Current asking price: $699,000
Reduction: 36%
Days on market: 777
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107358501">13 Hawcroft Place, Lancelin, WA, 6044</a> (pictured)
On the market since: April 30, 2011
Initial asking price: $1.49 million
Current asking price: $949,000
Reduction: 36%
Days on market: 287
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">10</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007217761">1302 Birkdale Place, Magenta, NSW, 2261</a>
On the market since: June 17, 2008
Initial asking price: $700,000
Current asking price: $450,000
Reduction: 36%
Days on market: 1,334
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
SQM Research also offers a list of the <a target="_blank" title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php">Top 100 Biggest Bargains in Australia</a> for sale.
 
 
 
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A sale and a withdrawal make room for two new properties on SQM's most discounted list

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<table width="398" align="left" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="bottom" nowrap width="101">
Postcode
</td>
<td valign="bottom" nowrap width="103">
Suburb
</td>
<td valign="bottom" nowrap width="194">
Indicative gross rental yield
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6112
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">BROOKDALE</a>
</td>
<td valign="bottom" nowrap width="194">
6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6167
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">MEDINA</a>
</td>
<td valign="bottom" nowrap width="194">
5.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6111
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">CAMILLO</a>
</td>
<td valign="bottom" nowrap width="194">
5.8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6107
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">KENWICK</a>
</td>
<td valign="bottom" nowrap width="194">
5.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6167
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">PARMELIA</a>
</td>
<td valign="bottom" nowrap width="194">
5.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6168
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">COOLOONGUP</a>
</td>
<td valign="bottom" nowrap width="194">
5.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6056
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">STRATTON</a>
</td>
<td valign="bottom" nowrap width="194">
5.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6168
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">HILLMAN</a>
</td>
<td valign="bottom" nowrap width="194">
5.%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6109
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">MADDINGTON</a>
</td>
<td valign="bottom" nowrap width="194">
5.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
6112
</td>
<td valign="bottom" nowrap width="103">
<a target="_blank" href="/news">ARMADALE</a>
</td>
<td valign="bottom" nowrap width="194">
5.6%
</td>
</tr>
</tbody></table>
 
 
 
 
 
 
 
Source: RP Data

 
 
 
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Top 10 suburbs with the highest indicative rental yield for houses in Perth

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SQM Research has compiled data on how much rental stock is available in each capital city in Australia.
<img src="/images/stories/12719.gif">
The number of residential properties available to rent in Melbourne. This equates to a vacancy rate of 3.5%, according to SQM.
 
<hr>
<img src="/images/stories/8465.gif">
The number of residential properties available to rent in Sydney. This equates to a vacancy rate of 1.6%, according to SQM.
 
<hr>
 
<img src="/images/stories/5112.gif">
The number of residential properties available to rent in Brisbane. This equates to a vacancy rate of 1.8%, according to SQM.
 
<hr>
 
<img src="/images/stories/2231.gif">
The number of residential properties available to rent in Adelaide. This equates to a vacancy rate of 1.4%, according to SQM.
 
<hr>
 
<img src="/images/stories/1084.gif">
The number of residential properties available to rent in Perth. This equates to a vacancy rate of 0.6%, according to SQM.
 
<hr>
<img src="/images/stories/583.gif">
The number of residential properties available to rent in Hobart. This equates to a vacancy rate of 2.1%, according to SQM.
 
<hr>
<img src="/images/stories/382.gif">
The number of residential properties available to rent in Canberra. This equates to a vacancy rate of 0.8%, according to SQM.
 
<hr>
 
<img src="/images/stories/238.gif">
The number of residential properties available to rent in Darwin. This equates to a vacancy rate of 0.9%, according to SQM.
</body></html>

How much property is available to rent in your capital city? A state-by-state analysis: SQM

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<table width="341" cellpadding="0" cellspacing="0" border="1"></table>
<table width="341" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="bottom" nowrap width="101">
Postcode
</td>
<td valign="bottom" nowrap width="101">
Suburb
</td>
<td valign="bottom" nowrap width="139">
Median house price
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2027
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">POINT PIPER</a>
</td>
<td valign="bottom" nowrap width="139">
$8 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2023
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">BELLEVUE HILL</a>
</td>
<td valign="bottom" nowrap width="139">
$3.28 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2030
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">VAUCLUSE</a>
</td>
<td valign="bottom" nowrap width="139">
$3,217,500
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2028
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">DOUBLE BAY</a>
</td>
<td valign="bottom" nowrap width="139">
$2.96 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2026
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">TAMARAMA</a>
</td>
<td valign="bottom" nowrap width="139">
$2.9 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2030
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">DOVER HEIGHTS</a>
</td>
<td valign="bottom" nowrap width="139">
$2.55 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2066
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">LONGUEVILLE</a>
</td>
<td valign="bottom" nowrap width="139">
$2,325,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2088
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">MOSMAN</a>
</td>
<td valign="bottom" nowrap width="139">
$2.3 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2111
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">HENLEY</a>
</td>
<td valign="bottom" nowrap width="139">
$2,17,5000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2093
</td>
<td valign="bottom" nowrap width="101">
<a target="_blank" href="/news">CLONTARF</a>
</td>
<td valign="bottom" nowrap width="139">
$2.15 million
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

Top 10 most expensive Sydney suburbs for houses: RP Data

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<table width="361" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="bottom" nowrap width="69">
Postcode
</td>
<td valign="bottom" nowrap width="149">
Suburb
</td>
<td valign="bottom" nowrap width="143">
Median weekly asking rent for units
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3008
</td>
<td valign="bottom" nowrap width="149">
DOCKLANDS
</td>
<td valign="bottom" nowrap width="143">
$560
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3006
</td>
<td valign="bottom" nowrap width="149">
SOUTHBANK
</td>
<td valign="bottom" nowrap width="143">
$550
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3207
</td>
<td valign="bottom" nowrap width="149">
PORT MELBOURNE
</td>
<td valign="bottom" nowrap width="143">
$540
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3205
</td>
<td valign="bottom" nowrap width="149">
SOUTH MELBOURNE
</td>
<td valign="bottom" nowrap width="143">
$500
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3003
</td>
<td valign="bottom" nowrap width="149">
WEST MELBOURNE
</td>
<td valign="bottom" nowrap width="143">
$477.50
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3000
</td>
<td valign="bottom" nowrap width="149">
MELBOURNE
</td>
<td valign="bottom" nowrap width="143">
$450
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3065
</td>
<td valign="bottom" nowrap width="149">
FITZROY
</td>
<td valign="bottom" nowrap width="143">
$450
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3066
</td>
<td valign="bottom" nowrap width="149">
COLLINGWOOD
</td>
<td valign="bottom" nowrap width="143">
$450
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3002
</td>
<td valign="bottom" nowrap width="149">
EAST MELBOURNE
</td>
<td valign="bottom" nowrap width="143">
$440
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="69">
3142
</td>
<td valign="bottom" nowrap width="149">
TOORAK
</td>
<td valign="bottom" nowrap width="143">
$427.50
</td>
</tr>
</tbody></table>
Source: RP Data
 
 
</body></html>

Top 10 most expensive inner-Melbourne suburbs for unit rentals: RP Data

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<table width="388" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="bottom" nowrap width="101">
Postcode
</td>
<td valign="bottom" nowrap width="155">
Suburb
</td>
<td valign="bottom" nowrap width="132">
Median unit price
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2027
</td>
<td valign="bottom" nowrap width="155">
POINT PIPER
</td>
<td valign="bottom" nowrap width="132">
$2.85 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2000
</td>
<td valign="bottom" nowrap width="155">
DAWES POINT
</td>
<td valign="bottom" nowrap width="132">
$2.05 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2027
</td>
<td valign="bottom" nowrap width="155">
DARLING POINT
</td>
<td valign="bottom" nowrap width="132">
$1,231,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2026
</td>
<td valign="bottom" nowrap width="155">
TAMARAMA
</td>
<td valign="bottom" nowrap width="132">
$1,055,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2000
</td>
<td valign="bottom" nowrap width="155">
THE ROCKS
</td>
<td valign="bottom" nowrap width="132">
$1 million
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2090
</td>
<td valign="bottom" nowrap width="155">
CREMORNE POINT
</td>
<td valign="bottom" nowrap width="132">
$971,400
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2137
</td>
<td valign="bottom" nowrap width="155">
CABARITA
</td>
<td valign="bottom" nowrap width="132">
$943,500
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2030
</td>
<td valign="bottom" nowrap width="155">
DOVER HEIGHTS
</td>
<td valign="bottom" nowrap width="132">
$926,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2041
</td>
<td valign="bottom" nowrap width="155">
BIRCHGROVE
</td>
<td valign="bottom" nowrap width="132">
$885,000
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="101">
2074
</td>
<td valign="bottom" nowrap width="155">
NORTH TURRAMURRA
</td>
<td valign="bottom" nowrap width="132">
$857,500
</td>
</tr>
</tbody></table>
Source: RP Data
</body></html>

Top 10 most expensive suburbs in Sydney for unit purchases: RP Data

<html><body>
56/12 Wylde Street, Potts Point, NSW, 2011
<img src="/images/stories/wyldest.jpg" style="border-style: initial; border-color: initial;">
This one-bedroom apartment with harbour views has the potential to rent for $585 per week, according to <a target="_blank" href="https://www.raywhite.com/nsw/potts-point/723973/">Ray White Elizabeth Bay</a> agents Nick Harrington and Mike Cotton-Stapleton, who marketed the property. The 54-square-metre apartment on the fourth floor includes a balcony and an internal laundry. It sold at auction on Thursday, February 16 for $502,000. If it is rented out at $585 per week, that would secure a gross rental yield of 6.1%, higher than the indicative gross rental yield for Potts Point units of 5.3%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The strata levies for this property are $823 per quarter, the water levies are $144 per quarter and the coucnil rates are $188 per quarter. 
Cotton-Stapleton and Harrington provided details of comparable sales, including the apartment at 16/4 Macleay Street, Potts Point, which sold for $500,000 in December 2011, and the apartment at 8/108 Victoria Street, Potts Point, which sold for $540,000 in September 2011. 
<a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $10,000 for the Wylde Street property.
The median price for Potts Point units went up 10.5% in the past year, according to RP Data.
For more information about yields and prices in Potts Points, see the <a target="_blank" href="/news">RP Data suburb page</a>.
 
<hr class="system-pagebreak">
 
518 Smithfield Road, Prairiewood, NSW, 2176
<img src="/images/stories/smithfieldrd.jpg" style="border-style: initial; border-color: initial;"> 
The tenants of this three-bedroom Prairiewood house are paying $1,600 per month and are on an expired lease. The property sold at auction on Thursday, February 16 for $483,000, and there were three bidders. It would secure an investors a gross rental yield of 4%, below the indicative gross rental yield for Prairiewood houses of 5%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. Before auction Ray White listing agent Graham Ball was marketing it with price hopes of $450,000 plus, and he does not know whether the buyer is an investor.  <a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $6,000. The property is on a large block of 1,248 square metres and is close to schools and transport.
For more information about yields and prices in Prairiewood, see the RP Data suburb page.
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Investor Form Guide Wrap: Potential rental yield of 6.1% in Potts Point

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12/1554 Dandenong Road, Oakleigh, Vic 3166
<img style="border-style: initial; border-color: initial;" src="/images/stories/dnong.jpg"> 
This one-bedroom unit is currently leased until April 2012 at $1,260 per month.It includes a modern kitchen, a generous well styled bathroom, reverse cycle air-conditioning, dishwasher, European laundry, secure parking, storage cage and a private courtyard.
Ray White agent Gareth Apswoude <a target="_blank" href="https://www.raywhite.com/vic/oakleigh/666057/">is marketing the property </a>with price hopes of $260,000 plus, which would secure an investor a gross rental yield of 5.8%, much higher than the indicative gross rental yield of 4.7% for Oakleigh units, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees.
<a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $8,000 and over five years to be $28,000.
The median unit price for Oakleigh fell by 10.4% in the past year, according to RP Data.
The property will be open for inspection on Saturday, February 18 at 11am and will go to auction on Tuesday, February 28 at 6m.
For more about prices and yields in Oakleigh, see the <a target="_blank" href="/news">RP Data suburb page</a>.
For another investment prospect open for inspection this weekend, see page 2.
 
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61 Bull Street, Cooks Hill, NSW, 2300
<img style="border-style: initial; border-color: initial;" src="/images/stories/bullst.jpg">
This three-bedroom house is currently tenanted at $370 per week, though the lease is expired. Walkom agent Kate Rundle <a href="https://www.walkom.com.au/buying/search/detail.aspx?id=WLS72501151&amp;wlid=18b8e4f5-2988-4f02-b0b7-85c9912eb071" target="_blank">is marketing the property</a><a target="_blank" href="https://www.century21.com.au/c21/propertySearch/brochure.cfm?grplstno=VIC619037&amp;listing=residential&amp;buyrent=buy&amp;sbrb=BrightonEast&amp;State=ViC&amp;pcde=3187"> </a>with price hopes of $450,000 plus, which would secure an investor a gross rental yield of 4.3%, about at the indicative gross rental yield of 4.2% for Cooks Hill houses, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. Council rates are $1,439 per year and water rates are $660 per year plus usage. The property is close to restaurants and parks and includes a large courtyard.
<a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $8,000.
The median price for Potts Point units went down 2.9% in the past year, according to RP Data.
The property is open for inspection on Saturday, February 18 at 2pm and will go to auction on Saturday, March 3 at noon.
For more information about yields and prices in Cooks Hill, see the RP Data suburb page.
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Friday Form Guide: Yields of up to 5.8% in Oakleigh

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The Queensland property at 121 Treasure Island Avenue, Karragarra Island, made its debut on SQM Research's top 10 most discounted properties list last week  – and now its neighbour has appeared in the number-one position on the list.
The property at 60 Treasure Island Avenue has had its price hopes slashed from $295,000 to $185,000 this week. It was initially listed with price hopes of $349,000 in October 2010.
<img src="/images/stories/karragarra.jpg">
Its neighbour 700 metres down the road, 121 Treasure Island Avenue, was also put on the market in October 2010, and both are marketed by T. Barclay Real Estate.
Click to enlarge
<a href="/images/stories/karragarraisland.jpg" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/karragarraislandthumb.jpg"></a>
"INSANE PRICE! GRAB IT NOW - THIS REALLY IS THE BARGAIN OF A LIFETIME. This is a ridiculous low low price - around $100,000 under what it is worth," says Terri Barclay in 60 Treasure Island Avenue's marketing.
{qtube vid:=54H1z9r5_00}
The agency made a video advertising the property (above) while it was for sale with price hopes of $295,000.
Karragarra Island is adjacent to Macleay Island, <a target="_blank" href="https://www.propertyobserver.com.au/hotspots/vendors-of-heavily-discounted-properties-often-misjudge-the-market-sqm/2012020953301">home to the most discounted property in Australia last week, 92 Beelong Street</a>. The Treasure Island properties are within half an hour's drive of 92 Beelong Street.
 
1
<a target="_blank" href="https://www.realestate.com.au/property-house-qld-karragarra+island-106858585">60 Treasure Island Avenue, Karragarra Island, Queensland,4184</a> (pictured)
On the market since: October 3, 2010
Initial asking price: $349,000
Current asking price: $185,000
Reduction: 47%
Days on market: 489
 
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479016">92 Beelong Street, Macleay Island, Queensland, 4184</a>
On the market since: May 23, 2010
Initial asking price: $590,000
Current asking price: $340,000
Reduction: 42%
Days on market: 622
 
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008940771" target="_blank">102 Fountain Road, Burpengary, Queensland, 4505</a>
On the market since: April 17, 2011
Initial asking price: $1.2 million
Current asking price: $699,000
Reduction: 42%
Days on market: 295
 
  
4
<a href="https://www.realestate.com.au/property-house-qld-karragarra+island-106914618" target="_blank">121 Treasure Island Avenue, Karragarra Island, Queensland, 4184</a> 
On the market since: October 23, 2010
Initial asking price: $335,000
Current asking price: $200,000
Reduction: 40%
Days on market: 469
 
 
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008421301" target="_blank">27 Reeve Street, Campania, Tasmania, 7026</a>
On the market since: June 14, 2010
Initial asking price: $330,000
Current asking price: $200,000
Reduction: 39%
Days on market: 603
 
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106866439" target="_blank">329 Waterford Road, Ellen Grove, Queensland, 4078</a>
On the market since: October 16, 2010
Initial asking price: $1,275,000
Current asking price: $800,000
Reduction: 37%
Days on market: 476
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106364068">22 Fenton Avenue, Christies Beach, SA, 5165</a>
On the market since: March 6,  2010
Initial asking price: $1,195,000
Current asking price: $750,000
Reduction: 37%
Days on market: 700
 
8
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008729828">2/18 Campbell Crescent, Terrigal, NSW, 2260</a>
On the market since: December 11, 2010
Initial asking price: $1.99 million
Current asking price: $1.25 million
Reduction: 37%
Days on market: 420
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.45 million
Reduction: 37%
Days on market: 1,341
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106211228" target="_blank">15 Gretel, Two Rocks, WA, 6037</a>
On the market since: December 26, 2009
Initial asking price: $1.1 million
Current asking price: $699,000
Reduction: 36%
Days on market: 770
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
 
 
 
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Two of four most discounted properties in Australia are Treasure Island neighbours

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
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[smartcode_project_cta:default project_id=4896]

Cassidy Knowlton

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