<html><body>
 A million lopped off the asking price, years on the market – vendors just can't seem to shift these homes.
These are the 10 most heavily discounted homes in the country, according to <a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a>.
<a href="https://www.realestate.com.au/property-house-tas-ranelagh-113279035" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">2 Louisa Street, Ranelagh, Tasmania</a>
 <img src="/images/2014/12/04/discounted%20list.jpg" alt="">
Buyers aren't biting, despite Clifton's historic heritage. The circa 1865 home on a corner plot has been on the market for 615 days, and in that time its asking price has halved. Originally listed at $2 million, vendors are now seeking offers at $995,000.
Before a series of transactions from 2000, the property was passed down through a single family.
The property, with a 25 bed main residence and two separate cottages, was once used as a farming enterprise, and at other times as a bed and breakfast.
<a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-rochedale-114981059" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;">948 Priestdale Street, Rochedale, Queensland</a>
<img src="/images/2014/12/04/2.jpg" alt="">
One of many rural or regional properties on the top 10 list, this 4.99 hectare property has also had a million dollar price chop. Its initial price guidance was $2.8 million, and it is now listed at $1.65 million (a 41% drop).
The 20 paddock property has been on the market for 412 days. It has multiple sheds and barns, and a three bedroom main house.
<a href="https://www.realestate.com.au/property-house-tas-wattle+grove-116035107" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">78 Walters Road, Wattle Grove, Tasmania</a>
<img src="/images/2014/11/26/1.jpg" alt="">
This Wattle Grove property was until this week the most discounted home in Australia, with its asking price down 40% from $1.15 million to $685,000. It's been on the market for 285 days. T
he property has 10 acres, set over two titles. It holds a three bedroom, two bathroom house and a separate two bedroom cottage.
<a href="https://www.domain.com.au/property/for-sale/rural/nsw/leppington/?adid=2011255071" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">61 Woolgen Park Road, Leppington, New South Wales</a>
<img src="/images/2014/11/26/2.jpg" alt=""> 
A 5.24 acre block running parallel to Camden Valley Why has been discounted by 39%. Around five months ago, it was listed for $1.55 million. Now, the vendors are asking for $950,000. Its currently rented for $300 per week by a horse owner.
<a href="https://www.realestate.com.au/property-residential+land-wa-carabooda-200627671" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">292 Carabooda Road, Carabooda, Western Australia</a>
<img src="/images/2014/10/1/1.jpg" alt="">
Taking out the joint title for most heavily discounted home in Western Australia is a 7.1 hectare farm. The property's asking price has dropped from $1.65 million to $1,032,000 – a 37% drop.
The property has a three bedroom cottage, a double garage and water supplied by an on-property bore. It's been listed for 467 days.
Article continues on the next page. Please click below.
<a href="https://www.realestateview.com.au/Real-Estate/28a-malsbury-street-bicton/Property-Details-buy-residential-7962768" target="_blank"></a>
<hr class="system-pagebreak">
<a href="https://www.realestateview.com.au/Real-Estate/28a-malsbury-street-bicton/Property-Details-buy-residential-7962768" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">28a Malsbury Street, Bicton, Western Australia</a> 
<img src="/images/2014/11/26/image3.jpg" alt="">
This two bedroom, one strata unit has also had a 37% price cut. The house has been on the market for a little over a year. At first, it was listed at $1.5 million. Now, vendors are asking for $950,000.
The vacant property is currently listed for rent at $480 per week. If tenanted and sold at its current advertised price, it would return a 2.6% yield.
<a href="https://www.realestate.com.au/property-house-tas-battery+point-108230936" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">1/23 Albuera Street, Battery Point, Tasmania</a>
<img src="/images/2014/07/09/6.jpg" alt="">
This schoolhouse conversion apartment is on the market for $1.4 million, down 36% from its initial listing price of $2.2 million. The luxury ground floor apartment has three double bedrooms, polished timber floors and pressed metal ceilings.
It's been on the market for more than three years.
<a href="https://www.realestateview.com.au/Real-Estate/2-wellington-street-richmond/Property-Details-buy-residential-6093682" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;">2 Wellington Street, Richmond, Tasmania</a>
<img src="/images/2014/07/09/2.jpg" alt="">
Another historic Tasmanian estate, Mill House, can't seem to attract buyers. Originally given a $2.8 million price guide, it's now on the market for $1.8 million.
The estate, with a four bedroom, four bathroom main house and a self contained cottage, has been listed for 428 days. The vendors will consider selling the adjoining plot.
<a href="https://www.realestate.com.au/property-house-wa-carabooda-114289451" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;">219 Bernard Road North, Carabooda, Western Australia</a>
<img src="/images/2014/10/1/2.jpg" alt="">
The rural property at 219 Bernard Road North shares a selling agent with 292 Carabooda Road and, unfortunately, the same difficulty finding a buyer. It's on the market for $2,727,000 after it was listed for $3.5 million.
The 15 hectare farm set over two lots has been on the market for 467 days. It includes a brick and tile home and farm sheds on one plot, and a "home in disrepair" on another.
<a href="https://www.realestate.com.au/property-house-sa-strathalbyn-107584093" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;">21 Cotton Court, Strathalbyn, South Australia</a> 
<img src="/images/2014/04/30/strathalbyn.jpg">
This discount-list veteran has been on the market for 1,204 days – just over three years and three months. The Strathalbyn home was first put on the market with a $498,000 price guide. Now, it's listed at $325,000.
The owners purchased the three bedroom, one bathroom c1900 house on 1,229 square metres for $118,000 in 1955.
</body></html>

jrichardson-uRX5hFdKfN

Prices slashed: The 10 biggest property discounts in Australia

<html><body>
Queensland real estates no longer have to disclose their commissions, as of Monday.
<a href="https://www.propertyobserver.com.au/https://twitter.com/neiljenman/status/539677619445182465" target="_blank"><img src="/images/2014/12/03/tweet-dec-3-one.jpg" alt=""></a>
The changes deregulating agent fees have been largely eclipsed by the other big change in Queensland real estate legislation – the <a href="/news/qld/price-guide-ban-now-in-place-for-queensland-auctions">ban of auction price guides</a>.
While the Real Estate Institute of Queensland, who helped push through the changes, acknowledge some real estate agents will probably increase their charges, consumer advocate <a href="https://twitter.com/neiljenman" target="_blank">Neil Jenman</a> urges Queenslanders to question their agents' fees.
</body></html>

Tweet of the day: Neil Jenman on Queensland real estate deregulation

<html><body>
Susan Lloyd-Hurwitz, chief executive and managing director of ASX listed developer Mirvac, took out the Private &amp; Corporate Award at the Telstra Australian Business Women's Awards.
But she wasn't the only housing sector boss to win at the awards. The other was Andrea Galloway, the chief executive of Evolve Housing, a community housing provider which has provided accommodation for 9,500 people who have experienced homelessness or housing stress.
Galloway received a joint award for Business Innovation. The award recognized Evolve Housing's "Journey Home" program, which supports the progression from social housing to supported home ownership via affordable housing and private rentals.
The program aims to help provide stability for communities, improving health and employment outcomes through the provision of secure housing.
"In leading a community housing provider and operating within a sector of uncertainty, one of my key roles is to constantly seek to elevate the needs and issues around homelessness and housing stress and the obstacles faced by not-for-profits in addressing these needs," said Galloway.
In her acceptance speech, she noted that over 105,000 Australians, including 16,000 children do not have a home.
"I passionately believe that everyone has a right to a home," she said.
She told the audience at the awards she had left home at the age of 16 due to personal circumstances and raised the systemic failures contributing to homelessness.
"The current system does not do enough to change the lives of people it does serve. We need an innovative system that provides people with a safety net when they need it.
"We need to give them a pathway to independence in cases where that is a realistic goal.
"This cannot be delivered by government alone, and requires strong partnerships to deliver outcomes around housing affordability, across the entire spectrum, whether it's relating to disability, social, affordable, or even shared equity arrangements."
Lloyd-Hurwitz has been the chief executive of Mirvac, where she is spearheading a growth strategy, since 2012. This year, Mirvac expects to release 2,700 apartments onto the market.
In her acceptance speech, Lloyd-Hurwitz likened careers to spiders' webs, rather than ladders: "Everybody here's got a different journey. You can go up it, round it, through it – down and up again. And there's plenty of room from others on the spider web, as opposed to the ladder."
</body></html>

Two very different housing chiefs win at 2014 Telstra Australian Business Women's Awards

<html><body>
NAME: Robert da Silva<img src="/images/2014/12/03/Robert-da-Silva-profile.png" alt="" style="float: right;">
POSITION: Head of research, fixed income and alternatives
COMPANY: SQM Research
OFFICE LOCATION: Level 1, 9 Castlereagh Street Sydney
<ul>
<li>How long have you been in the industry?</li>
</ul>
I have been in the funds management industry since 1984, so 30 years.
<ul>
<li>What's happening in the area you specialise in?</li>
</ul>
Fixed income is my current focus - the challenge in that area for funds is how to protect the downside from interest rate rises (when they eventually come) and maintaining income distributions at reasonable levels in a low interest rate environment.
<ul>
<li>Describe the most interesting commercial property you have worked on?</li>
</ul>
I haven't had a direct involvement in commercial property.
<ul>
<li>What are the ingredients to being successful in your job?</li>
</ul>
Extensive knowledge of the markets, keeping up to date on economic and market developments, attention to detail, an ability to communicate well and interact with clients/ fund managers.
<ul>
<li>What aspects of your role do you enjoy the most?</li>
</ul>
Meeting and interacting with the best fund managers in the business, across a wide range of markets, asset classes and investment styles.
<ul>
<li>Where would you invest a spare $750,000?</li>
</ul>
Mainly in defensive assets, cash, absolute return fixed income, defensive alternatives that have some downside mitigation and a smattering of the riskier elements small cap stocks and emerging markets equities. Would keep an eye on commodities as well.
<ul>
<li>Which football team do you support?</li>
</ul>
South Sydney Rabbitohs
<ul>
<li>What's your favourite app or techno gadget?</li>
</ul>
The usual suspects from Apple - iPhone, iPad, iPod.
<ul>
<li>How do you use social media?</li>
</ul>
<a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/rob-da-silva/21/598/149" target="_blank">LinkedIn </a>for professional reasons, outside of that not really much of a user (yet).
</body></html>

In profile: SQM Research's head of research, fixed income and alternatives, Robert da Silva

<html><body>
The Lubelso range of homes are architecturally designed turnkey projects, fully built and fit out by Canny Group.
This year, the group has delivered the first home in the <a href="https://www.lubelso.com.au/" target="_blank">Lubelso</a> range for under $1 million, Lubelso Hawthorn. The home is based on the Malvern Lubelso home, which in 2013 was named the HIA Australian Project Home of the Year.
Property Observer visited the Lubelso Hawthorn concept home to speak to Canny Group managing director Damian Canny, design practice manager Michael Stelluto and interior designer Miffy English.
{qtube vid:=5I_zeCWJWIo}
Canny Group deliver the fully finished home – all the way down to the clothes line, intercom, integrated fridge and alarm systems – for $990,000.
The contemporary home has an expansive open plan living and dining area, a home office and powder room downstairs, with the master bedroom and smaller bedrooms on the upper level. With a neutral Scandinavian-inspired palette, the house doesn't impose a particular strong interior aesthetic on the client – important for pre-designed homes intended for a range of buyers.
The home's family-friendly appeal is evident in the details, like its arrival area, full height cabinetry and clean finishes.
According to Canny, the Group introduced the product to this year to meet demand amid low interest rates and strong activity in the housing market.
"In 2012 we identified a market gap for architecturally designed luxury homes in the sub-$1m bracket, so we refined our existing award-winning home model in Malvern to produce a home with the same exterior look, smart design and luxurious elements, to fit a slightly smaller standard block," said Canny.
The house now fits on a 13.5 metre wide block. Canny also offers pre-designed extensions and integrated pools for an additional cost.
The fully integrated pre-designed Lubelso product may suit those those who don't have the time or resources to manage a custom architectural design and construction process.
"For many people it can be a daunting process to contemplate a full design and build. There will always be a market for individual custom designed homes, but pre-designed homes that offer this same quality but with improved value and delivery timeframes are becoming an attractive alternative option – Lubelso makes this process easy," Canny said.
This year, Canny Group launched its in-house architecture practice, Canny Architecture, led by Stelluto. He said the move expanded the construction and development company's existing design services.
"Establishing a formal, registered architecture practice within the business takes this to the next level and strengthens our commitment to a fully integrated offering," said Stelluto.
According to Canny Group, having an internal architecture practice allows the Group to deliver projects within shorter time frames, tighter budgets and greater certainty for the client.
</body></html>

Video: Property Observer visits Canny's Lubelso Hawthorn home

<html><body>
The Reserve Bank of Australia (RBA) has once again held the overnight cash rate at 2.50%.
The decision to keep the cash rate at its record low was widely anticipated by financial and property experts. The overnight cash rate last changed in August 2013, when it was lowered 25 basis points from 2.75% to 2.50%.
ME Bank general manager, Markets, John Caelli predicted rates would stay unchanged this month.
"We expect the Reserve Bank will hold the cash rate on Tuesday, 2 December 2014," Caelli said before this afternoon's announcement.
"The RBA is unconcerned about inflation, and both unemployment and the dollar remains high.
"The next cash rate change will likely be upwards and occur in the second quarter of 2015," he said.
Michelle Hutchison, head of public relations and Money Expert at comparison website Finder.com.au said the decision comes as no surprise, "as all 37 leading experts in the finder.com.au Reserve Bank Survey were forecasting the cash rate would hold at 2.50%".
The Finder survey's respondents largely predicted interest rates will rise next year.
"The property market is expected to continue rising though 2015, while most of the 37 experts on the panel (64%) are expecting the same number of first home buyers to hit the market. This is concerning because it's the lowest level of first home buyers we've ever seen. 
"In fact, the latest Housing Finance figures from the Australian Bureau of Statistics (ABS) analysed by finder.com.au shows that the proportion of first home buyers hit a new low of 11.98% out of all home loans financed in September 2014. There were 6,339 first home buyer loans financed in September – 1,760 fewer loans financed compared to September 2011 when the cash rate was 4.75% and before it began to fall (from November 2011)," said Hutchison.
According to LJ Hooker chief executive Grant Harrod, the historically low rates mean the property market may keep active over the traditionally slow holiday period.
"It's not only good news for the retail sector before the Christmas spending rush, but will also be welcomed by those who are considering purchasing next year,'' said Harrod.
"Many home owners will be making a New Year's resolution to list their property for sale while it still remains in favour of the sellers, and today's decision will add to their confidence."
This year, LJ Hooker recorded a 11.2% increase in spring home appraisals from spring last year.
"There has been a lot of speculation about when rates will rise and as a result we expect many home owners who have been sitting back watching the market are likely to act in the early part of 2015,'' said Harrod.
"They will want to make the most of this period of stability before it potentially becomes a buyers' market.''
LJ Hooker National Research manager Mathew Tiller said consistent low rates have lead to increases in sales.
"It should be a pretty solid summer and New Year period for the property market with a lot more stock on the market,'' Tiller said. The agency has several auctions scheduled for the weekend prior to Christmas.
"Real estate is as popular as ever so we are expecting to see large numbers at open inspections over the coming months.''
Of today's rate decision, CoreLogic RP Data research analyst Cameron Kusher said: "With home value growth continuing to moderate in November and dwelling and work approvals recently slipping, there may be some concern that the housing market alone is not providing enough economic stimulus as the mining and resources investment activity subsides and commodity prices fall. Nevertheless, the RBA has again kept official interest rates on hold this month."
</body></html>

Reserve Bank announce no rate change for December

<html><body>
A waterfront Putney house topped last week's sales, according to CoreLogic RP Data.
The four bedroom, three bathroom full brick home with a saltwater pool sold for $4.25 million.
It was one of five New South Wales homes to make this week's top 10 list, which included one West Australian home, one Queensland house and three Victorians.
The top 10 sales for the week ending Sunday 30 November 2014
<a href="https://www.realestate.com.au/property-house-nsw-putney-118531819" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">34 McGowan Street, Putney, NSW</a>
 {qtube vid:=zVxWH1XvWdo}
The Putney house sold through McGrath Estate Agents. It has an absolute waterfront position, situated on a long 1,131 square metre plot running from McGowan Street to Morrison Bay.
The house includes split level living spaces, a games room and a wet bar which opens onto the outdoor pool area at the home's rear. Each of the four bedrooms has its own balcony and water views.
The vendors paid $2.55 million for the home in 2006.
<a href="https://www.realestateview.com.au/Real-Estate/74-johnston-street-mosman-park/Property-Details-buy-residential-7851170" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;">74 Johnston Street, Mosman Park, WA</a>
<img src="/images/2014/12/02/2.jpg" alt=""> 
The only West Australian home to make it to this week's top 10 sales list was Norris Ville in Mosman park. Sold through Shellabear's Cottesloe, the house secured $4 million at auction.
The same family has owned the 1,043 square metre plot Norris Ville sits on since the 1800s, when it was part of a dairy farm. A home was built on the north-facing site, two houses from the banks of the Swan River, in 1953.
The house has four bedrooms and one bathroom.
<a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/properties/360131" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">5 Regatta Way, Cabarita, NSW</a>
<img src="/images/2014/12/02/3.jpg" alt=""> 
This four bedroom, two bathroom home sold for $3.8 million through Raine &amp; Horne Montano.
Part of the Edgewood on Cabarita Shores complex, the north east facing home is situated on the waterfront. Residents have access to the complex's pool and gymnasium. There are Italian marble floors throughout the living and dining areas.
The sellers purchased the house for $2.13 million in 2010.
<a href="https://www.realestateview.com.au/Real-Estate/birdwood-avenue-brighton/Property-Details-sold-residential-7801900" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">20 Birdwood Avenue, Brighton, Vic</a>
<img src="/images/2014/12/02/brighton-dec-2-one.jpg" alt="">
A modest brick home – on an 811 square metre north facing plot – sold for $3.2 million through Nick Johnstone Real Estate Brighton.
According to the listing information, the site is "ideal land to build a luxury home or two townhouses". The house currently returns $52,000 a year, reflecting a yield of 1.6%.
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-118379075" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">44 Woolwich Road, Hunters Hill, NSW</a>
<img src="/images/2014/12/02/5.jpg" alt="">
This 1930s home sold for $3.15 million through Ward Partners Hunters Hill.
The four bedroom, three bathroom house on 999 square metres has rear views of Lane Cove River. It includes a formal sitting room with a bay window seat, a formal dining room, and a sunroom with French windows. There is also a home office and an under-house cellar.
Article continues on the next page. Please click below.
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-118320891" target="_blank"></a>
<hr class="system-pagebreak">
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-118320891" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;">10a Latimer Road, Bellevue Hill, NSW</a>
<img src="/images/2014/12/02/6.jpg" alt="">
A three bedroom house secured $3.08 million through BradfieldCleary Double Bay last week. The deceased estate sale was the first time the home had been sold in 34 years.
The 708 square metre site has a rear north easterly aspect.
<a href="https://www.realestateview.com.au/Real-Estate/black-street-brighton/Property-Details-sold-residential-7891100" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;">68 Black Street, Brighton, Vic</a>
<img src="/images/2014/12/02/7.jpg" alt="">
The second Brighton house to make this week's top 10 sold for $2.96 million through Nick Johnstone Real Estate Brighton.
The five bedroom, two bathroom house has a "French inspired" design, with timber parquetry, front facing balconies and a foyer. On the lower level, there are both formal and informal open plan living and dining spaces, while the five bedrooms sit upstairs.
The owners purchased the property 10 years ago, for $1.68 million.
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-118323439" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;">15 Madeline Street, Hunters Hill, NSW</a>
 <img src="/images/2014/12/02/8.jpg" alt="">
Buyers paid $2.96 million for this renovated Hunters Hill Cottage, sold through BresicWhitney Hunters Hill.
The sandstone cottage on 711 square metres has four bedrooms and two bathrooms. The open plan living and dining area open through concertina doors to the outdoor dining area.
<a href="https://www.realestateview.com.au/Real-Estate/21-katoomba-avenue-hawthorne/Property-Details-buy-residential-7849682" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;">21 Katoomba Avenue, Hawthorne, Qld</a>
<img src="/images/2014/12/02/9.jpg" alt="">
This six bedroom, six bathroom Hawthorne house sold for $2.93 million last week. Ray White East Brisbane took the curious step of advising buyers that "over committed vendors must liquidate their stunning home" ahead of its Saturday auction.
The 717 square metre house on a 1,215 square metre plot has multiple internal living spaces, including a home theatre, open plan living and dining area, a library and a sitting room with a wet bar. Outside, there is a 96 square metre living area with a fireplace and outdoor kitchen.
The home's "over committed vendors" paid $1.2 million for the property seven years ago.
<a href="https://www.realestate.com.au/property-house-vic-hawthorn-118040143" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;">15a Hawthorn Glen, Hawthorn, Vic</a>
<img src="/images/2014/12/02/10.jpg" alt=""> A four bedroom house secured $2,855,000 through Bekdon Richards Hawthorn.
The double storey home sits off Glenferrie road, on Hawthorn's Scotch Hill, near Scotch College.
On the top level, there are four bedrooms, including the master bedroom with walk in robe and spa en suite. There is a "grand entrance hall" downstairs, along with formal and informal living and dining areas. The house also contains a five car garage and workshop, a gymnasium and a music studio or cellar.
The sellers paid $2.3 million for the home three years ago.
</body></html>

Putney waterfront heads CoreLogic RP Data's top 10 sales of the week

<html><body>
Sydney once again outpaced its fellow capital cities, with the highest dwelling price growth for November, according to CoreLogic RP Data.
The New South Wales capital recorded 1% price growth for the month, with a median home price of $705,000 (based on sales settled over the quarter). Overall, capital city home values decreased by <a href="/expert-insights/buying/capital-city-prices-dip-in-november-as-growth-slows">0.3% in November</a>.
Melbourne saw the biggest drop in values over November, with homes prices down 2.6% to a median of $568,500. It seems as though<a href="/expert-insights/buying/sydney-apartments-the-weaker-link-for-late-2014-price-growth-corelogic-rp-data"> Sydney apartments were the weak link for late 2014 price growth</a>.
The November 2014 capital city results – houses:
<ol>
<li>
Sydney Monthly capital growth: 1.1% Year-on-year capital growth: 14.3% Median price: $825,000 
</li>
<li>
Perth Monthly capital growth: 0.9% Year-on-year capital growth: 1.5% Median price: $530,000 
</li>
<li>
Hobart Monthly capital growth: 0.4% Year-on-year capital growth: 5.9% Median price: $335,500 
</li>
<li>
Brisbane Monthly capital growth: 0.3% Year-on-year capital growth: 6.2% Median price: $475,000 
</li>
<li>
Adelaide Monthly capital growth: 0.0% Year-on-year capital growth: 6.6% Median price: $487,500 
</li>
<li>
Canberra Monthly capital growth -0.3% Year-on-year capital growth: -3.4% Median price: $560,500 
</li>
<li>
Darwin Monthly capital growth: -1.5% Year-on-year capital growth: 2.0% Median price: $564,500 
</li>
<li>
Melbourne Monthly capital growth: -2.8% Year-on-year capital growth: 9.0% Median price: $633,000</li>
</ol>
This article continues on the next page. To see the November results for capital city units, click below.
<hr class="system-pagebreak">
The November 2014 capital city results – units:
<ol>
<li>
Darwin Monthly capital growth: 2.7% Year-on-year capital growth: -1.3% Median price: $530,000 
</li>
<li>
Brisbane Monthly capital growth: 1.3% Year-on-year capital growth: 4.4% Median price: $380,000 
</li>
<li>
Sydney Monthly capital growth: 0.8% Year-on-year capital growth: 8.7% Median price: $605,000 
</li>
<li>
Perth Monthly capital growth: 0.6% Year-on-year capital growth: 1.3% Median price: $445,000 
</li>
<li>
Melbourne Monthly capital growth: -1.5% Year-on-year capital growth: 3.1% Median price: $475,000 
</li>
<li>
Hobart Monthly capital growth: -2.1% Year-on-year capital growth: -2.1% Median price: $247,000 
</li>
<li>
Adelaide Monthly capital growth: -3.0% Year-on-year capital growth: 1.0% Median price: $336,800 
</li>
<li>
Canberra Monthly capital growth: -2.4% Year-on-year capital growth: -0.6% Median price: $410,800</li>
</ol>
</body></html>

The monthly capital price growth figures: CoreLogic RP Data

<html><body>
According to CoreLogic RP Data's November figures, home price growth is slowing.
<a href="https://www.propertyobserver.com.au/https://twitter.com/cmkusher/status/539223795421421568" target="_blank"><img src="/images/2014/12/01/tweet-dec-1-one.jpg" alt=""></a>
Australian capital price growth was 8.5% higher in last month than in November 2013. While CoreLogic RP Data research analyst Cameron Kusher deemed the year on year growth "healthy", he also noted it was down from the previous peak of 10.5%, recorded in April this year.
Given household annual household income growth has also slowed this year, Kusher is unsurprised at the result.
 
</body></html>

Tweet of the day: Slowing price growth linked to disposable incomes?

<html><body>
Police have warned would-be renters in the Lake Macquarie area of scammers copying genuine rental advertisements.
After finding rental listings on legitimate sites, the scammers reportedly copy the information and post it to a community and classifieds site.
Interested renters make contact, but are then told they must pay rent up-front before getting access to the property. The scammers cease contact as soon as the money is handed over.
According to NSW Police, there are a few common warning signs for this type of fraud.
They include landlords who mention money transfer services like Western Union or MoneyGram or claims the landlord is uncontactable or lives overseas. Scammers may also claim the renters aren't allowed to visit the property before delivering the money, or put the renter under a lot of pressure to pay the money.
</body></html>

Scam alert: Lake Macquarie renters warned

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Joel Robinson

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 52-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Jessie Richardson

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News