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While every expert surveyed by Finder this month predicted interest rates would stay on hold this month, many are expecting to see rates rise next year.
Of the 33 respondents, 30 think interest rates will begin to increase in 2015, with just one – <a href="/expert-insights/finance/domain-groups-andrew-wilson-predicts-rba-will-cut-rates-further">Andrew Wilson of Domain Group</a> – predicting the next move will be a decrease.
A third of the experts surveyed predict interest rates will peak at 4-4.25% within the next three years.
The overnight cash rate was last at 4.25% in April 2012, after dropping from 4.5% in November 2011.
When rates first dropped, NAB offered its standard variable lending rate at 7.47%, while Westpac and ANZ both cut their standard rate to 7.55%.
Currently, ANZ offers its standard variable loan at 5.88%, with a comparison rate of 5.98%. For a $500,000 loan, a borrower is likely to pay $4,025 per month, with $272,685 interest payable.
If the rate was bumped back up to 7.55%, monthly repayments would likely increase by $469 per month to $4,494, with total $362,770 interest payable.
Finder's Michelle Hutchison says if the cash rate hits 4%, borrowers with a $300,000 loan will need "a buffer of at least $300 per month".
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jrichardson-uRX5hFdKfN

How would a 4.25% interest rate impact you?

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There were 364,013 properties listed in October, 4.9% more than the same time last year, according to SQM Research.
The result was up 7.3% from this September, a result <a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a> managing director Louis Christopher says was not surprising.
"The month recorded a rather large surge in listings, which were expected, given the slow start to the spring selling season," says Christopher.
SQM Research attributes the yearly increase in unsold properties on the market to a few capital cities in particular. Perth stock on the market was up 18.9% year on year.
The greatest annual increase, however, was recorded in Darwin. Stock levels were 31.9% higher than October 2013, with a total of 1,851 homes on the market.
Hobart was the only city to record a yearly downturn in stock levels, which were 0.2% lower than they were this time last year at 4,227 homes.
On a monthly basis, Sydney had the highest stock increase with 21.9%. There were 24,826 properties in total on the market in the New South Wales capital.
"Despite the listings surge in Sydney, our information is telling us that the market remains very strong for now," Christopher says.
The result is considered by SQM Research to be an "abnormal surge".
Declines in listed stock were not recorded in any of Australia's capital cities in October, although Melbourne offered the slightest increase of 2.6%. A total of 44,140 Melbourne homes were unsold and on the market last month.
 
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Surge in listings after slow start to spring: SQM Research

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A $6.56 million waterfront mansion was the week's most expensive sale, according to RP Data.
Brookfield, a circa 1898 home, has remained in the same hands since 1955. The mansion sits on a 607 square metre block, with north-east facing gardens.
It cleared the pre-Melbourne Cup week's next most expensive home, a Hunters Hill waterfront house, by $2.36 million. The week's top three sales were all secured by McGrath Estate Agents.
RP Data's top 10 sales:
<a href="https://www.domain.com.au/property/for-sale/house/nsw/balmain-east/?adid=2011458628" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">5 Simmons Street, Balmain East, NSW, 2041</a> <img src="/images/2014/11/04/1.jpg" alt="">
The four bedroom period home sold prior to auction on November 1 through McGrath Estate Agents. It features two wraparound balconies with direct views to the harbour, and an absolute waterfront position.
The house comes with a boat house and two slipways.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/sydney/?adid=2011500391" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">5 Kareelah Road, Hunters Hill, NSW, 2110</a> <img src="/images/2014/11/04/2.jpg" alt=""> This Hunters Hill home sold for $4.2 million on October 31. The contemporary waterfront home is situated on 1,152 square metres on a cul-de-sac.
There are boating facilities including a shared jetty and a drop of pontoon, while the home has a swimming pool which offers city views. Inside, there are four bedrooms, a formal living room that opens onto the outdoor terrace and a rumpus room with courtyard access.
The vendors purchased the property for $900,000 in April 1997.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/sydney/?adid=2011500391" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">33/5 Macquarie Street, Sydney, NSW, 2000</a> <img src="/images/2014/11/04/3.jpg" alt=""> An apartment in the Bennelong complex sold for $3.7 million through McGrath Estate agents. The three bedroom unit has views over the Harbour Bridge and the Botanic Gardens, with two undercover balconies, accessible from all three bedrooms.
With 175 square metres of floor space, the apartment has two spa bathrooms (one an en suite) and an open plan living and dining area.
The seller paid $2.28 million for the unit in 2000. In 2012, it was advertised to rent at $2,500 per week.
<a href="https://www.belleproperty.com/2P6154" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">20 Ryries Parade, Cremorne, NSW, 2090</a>
<img src="/images/2014/11/04/4.jpg" alt=""> This Cremorne house sold at auction on November 1 for $3,675,000 through Belle Property Mosman.
The home, structured as a series of wings, has five bedrooms, a home office, a media room, 250 bottle cellar, a workshop, a dining room and open plan living area, with a central glassed-in terrace. There are multiple balconies, with full height windows and glass doors.
The home cost $3.7 million in 2006, with the vendors making a loss at its sale this week.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-117960815" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">111 New South Head Road, Vaucluse, NSW, 2030</a>
<img src="/images/2014/11/04/5.jpg" alt="">
Laing + Simmons Double Bay auctioned this Mediterranean-inspired house for $3.58 million.
The house, which centres around its outdoor pool, has remained in the same family's hands for 33 years. According to the listing information, there's "further potential to capitalise on a northerly aspect", with a 730 square metre level plot.
The house comes with four and a half bathrooms, front and rear gardens, a formal living room and formal dining room, and informal living and dining areas.
Article continues on the next page. Please click below.
<a href="https://www.realestate.com.au/property-house-vic-brighton-118055711" target="_blank"></a>
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<a href="https://www.realestate.com.au/property-house-vic-brighton-118055711" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">2 Spink Street, Brighton, VIC, 3186</a> <img src="/images/2014/11/04/6.jpg" alt="">
A $3,525,000 Brighton house is the only Victorian home to appear on this week's top 10 list. The four-bedroom warehouse conversion was sold after auction by Hocking Stuart Brighton.
The home is set over three storeys, with four living zones, a cinema, a wine cellar and study areas. Situated on a corner block, the house also comes with an adjoining commercial space and a rooftop pool.
The sellers paid $850,000 in 2007.
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-118070319" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">8 Coolong Road, Vaucluse, NSW, 2030</a> <img src="/images/2014/11/04/7.jpg" alt=""> An Allen Jack+Cottier-designed modernist style house sold for $3.5 million through Richardson &amp; Wrench Double Bay this week.
The five bedroom house has exposed brick walls and "Scandanavian inspired retro vibes" according to the listing. With two storeys, the house has a living room with a balcony, a master wing, study, and a formal living room with walled garden.
It has remained in the same family for 30 years.
<a href="https://www.realestate.com.au/property-house-nsw-bellevue+hill-118068259" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">31 Bundarra Road, Bellevue Hill, NSW, 2023</a> <img src="/images/2014/11/04/8.jpg" alt=""> This four bedroom house sold as a deceased estate through BradfieldCleary Double Bay for $3.46 million.
The home sits on a 720 square metre block, with three bedrooms with balconies and built ins and a fourth study or bedroom. It has north facing living and dining areas and a rumpus room which opens onto the garden.
<a href="https://www.realestate.com.au/property-house-nsw-linley+point-118124843" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">14 Haughton Street, Linley Point, NSW, 2066</a>
<img src="/images/2014/11/04/9.jpg" alt=""> Selling prior to auction, this three bedroom house secured $3.2 million through Blunts Real Estate Lane Cove.
The 1960s brick house, which its listing describes as "an ideal candidate for a cosmetic renovation", sits on an 815 square metre plot with views over the city and Harbour Bridge. It has three bathrooms, a kitchen and meals area, a lounge and dining space which opens onto the patio.
<a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-117851003" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">24 Mary Street, Hunters Hill, NSW, 2110</a>
<img src="/images/2014/11/04/hunters%20hill%20nov%205.jpg" alt="">
A four-bedroom house was sold on October 28 by McGrath Estate Agents for $2.95 million.
The second Hunters Hill residence on this week's top 10 list, it has various entertaining and living spaces. The 613 square metre property has a heated swimming pool and spa, outdoor entertaining areas and a double car port. Inside, there is an attic retreat, 2,000 bottle cellar, and a commercial grade cool room.
The vendors bought the home four years ago for $2.45 million.
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Brookfield at Balmain East tops week’s sales: RP Data

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Darwin investors are earning higher rental yields than landlords in any other Australian capital city, according to RP Data.
The Northern Territory city stands apart from most other capitals, where home values have outperformed rental growth, says RP Data head of research Tim Lawless.
"With rents being substantially outpaced by dwelling values, the rental yield scenario is slimmest Melbourne where the typical house is achieving gross yield of just 3.3% while Sydney's average yields aren't a great deal higher at 3.7%," Lawless says.
"Darwin and Hobart are showing a much healthier yield profile with the typical dwelling providing gross yield of 5.4% and 5.9% respectively."
House rental yields by capital city:
<ol>
<li>Darwin: 5.9% Median price: $570,000 
</li>
<li>Hobart: 5.4% Median price: $330,000 
</li>
<li>Brisbane: 4.5% Median price: $470,000 
</li>
<li>Canberra: 4.2% Median price: $566,000 
</li>
<li>Adelaide: 4.2% Median price: $415,000 
</li>
<li>Perth: 4.1% Median price: $540,000 
</li>
<li>Sydney: 3.6% Median price: $792,000 
</li>
<li>Melbourne: 3.2% Median price: $615,000</li>
</ol>
Rental yields for units are on the next page. Please click below. 
<hr class="system-pagebreak">
Unit rental yields by capital city:
<ol>
<li>Darwin: 6.0% Median price: $536,200 
</li>
<li>Hobart: 5.4% Median price: $250,000 
</li>
<li>Brisbane: 5.4% Median price: $380,000 
</li>
<li>Canberra: 4.9% Median price: $398,500 
</li>
<li>Adelaide: 4.7% Median price: $333,000 
</li>
<li>Perth: 4.7% Median price: $450,000 
</li>
<li>Sydney: 4.5% Median price: $590,000 
</li>
<li>Melbourne: 4.1% Median price: $472,000</li>
</ol>
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Which capital cities have the highest (and lowest) rental yields?

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Name: Chris Knight
<img src="/images/2014/07/23/knight-july-23-profile.png" alt="" style="float: right;">Position: Managing director
Company: Opteon Property Group Victoria
Office Location: Melbourne
How long have you been in the industry?
I have been employed with Opteon (Victoria) since 2006 and was appointed to the position of managing director in 2011. I previously held roles including director of residential services, operations manager and senior valuer and have been immersed in the industry for almost 17 years.
What's happening in the area you specialise in?
I've just spent some time in the US to understand other property markets and how they are innovating. Australian companies, especially those in property, are often not strong in areas of innovation and that's a key aspect we're concentrating on.
From a tactical level we are breaking down traditional product silos and focusing more on geography where practical. Training of our people is of key importance to us, and this means our staff can more easily cross product environments and increase their learning and career potential.
Describe the most interesting commercial property you have worked on.
Opteon have key specialisations in almost all aspects of property and assets, and as such we see an enormous variety of interesting properties and projects.
We are regularly involved in providing advice on multi-level and multi-use residential and commercial development projects, as well as valuing pubs and hotels, petrol stations and most other forms of special use commercial property.
We are involved in landlord and tenant disputes, family law advice regarding the assessment of asset portfolios as well as the advice for the property aspect of land acquisition for public use, including road widenings and other public services.
One of particular interest, however, was the valuation of a WWII Mustang fighter aircraft undertaken by our head of plant and equipment. The assessment of value of this aircraft was quite in-depth and very interesting.
What are the ingredients to being successful in your job?
One of my favourite sayings is "a business that stands still is actually moving backwards". I think the ingredients to being successful in any job or industry is identifying how you can continue to get the most out of yourself and the people around you, and continue to push yourself beyond the 'comfort zone' and shake up the traditional way of thinking.
In essence, be prepared to do things differently.
Being successful in my role is ensuring that those around me are successful also, and to create an environment where I enjoy my work, and where others do too.
What aspects of your role do you enjoy the most?
I am passionate about creating something different, not just another property company. Setting a positive culture, assisting people to reach their goals and aligning goals of staff to those of a business is really important to me. I enjoy creating highly effective teams, which have a client and delivery focus.
Where would you invest a spare $750,000?
Firstly, I would only invest in something that I understood, which for me is obviously property. The other important aspect is to have a clear strategy (short/medium/long term etc).
However, invariably I would look to an asset class which could attract debt, provide a good yield (preferably covering debt requirements), whilst also having good potential for strong capital growth, whether that be through change in the utilisation of the land component, further development or strong market growth through demand.
But there is one constant in this strategy, and that is land; my opinion is you must have land in the asset, as that is the key component, which will appreciate in value. Asset classes such as residential development or commercial assets with a strong land component would be of interest.
Which football team do you support?
Geelong Football Club.
What is your favourite app or techno gadget?
I confess to having a bent at the moment to Sudoku apps that I use in my downtime, although I do use apps such as UrbanSpoon, Strava and <a href="https://au.linkedin.com/in/knightc" target="_blank">LinkedIn</a> on a regular basis.
How do you use social media?
As a business, social media is an invaluable tool that enables us to understand and connect with our target audience. We use this medium on a regular basis to build and differentiate the brand of the company and the individuals within it.
It also permits us to communicate effectively in real time and keep abreast of industry developments.
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In profile: Opteon Property Group Victoria's managing director, Chris Knight  

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A month out from a state election, the Victorian Napthine government has seriously stung the state's real estate agents.
Last week, the government announced that agents handling the sale or lease of commercial real estate valued over $15 million or at with floor space of least 10,000 square metres will no longer need a licence.
<a href="https://www.propertyobserver.com.au/https://twitter.com/geoffwhite/status/527206198949314560" target="_blank"><img src="/images/2014/10/29/tweet-oct-29-one.jpg" alt=""></a>
Some licensed real estate agents, including Geoff White of Lucas Real Estate, aren't happy.
The Real Estate Institute of Victoria has already pledged $1 million to campaign against the government's changes, which it claims will damage small business and increase risks for consumers as agents may not be required to use trust accounts or have insurance.
The Coalition government claims the measures will "reduce red tape".
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Real estate agents push back against Napthine's reforms: Tweet of the day

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The former home of television producer turned resort entrepreneur Henry Crawford and his wife Nina Hill has been listed for auction.
The couple sold The Stables in Clovelly for $2.4 million in 2004 to the current vendors.<a href="https://www.realestate.com.au/property-house-nsw-clovelly-118213759" target="_blank"> It is now listed</a> through Chris Volpatti and Conrad Panebianco of McGrath Coogee with $3.25 million plus expectations.
Crawford and Hill gave the converted stables an Asian-inspired renovation the year before selling. The four bedroom house is now described as an "eclectic fusion of tropical resort style aesthetics with state-of-the-art bespoke inclusions" by the listing agents.
The dark façade of the home belies its light-filled interiors, with high raked ceilings with exposed timber beams. The Stables retain many of its original timber floorboards, with trap doors formerly used to throw hay to its original early 1900s inhabitants.
{qtube vid:=xafIwZ_3vPE}
The ground floor holds a number of entertaining and break out areas. There is a lounge and gym area, a games room and media room with built in cabinetry and Sonos wiring, with a studio towards the back of the house with a kitchen and butler's pantry.
On the upper level, there are three bedrooms and a gallery area. The kitchen, dining, living and master bedroom all have a view to the covered alfresco entertaining area on the upper level, which features a plunge pool.
The current owners have quite the art collection, with work by artists including David Bromley and Bill Henson hanging on the walls. A large mural covers two walls of one of the home gym.
After beginning his career as an actor and lawyer, Crawford joined Crawford Productions, at that time one of Australia's largest production companies, owned by distant relatives Dorothy and Hector Crawford. He went on to produce about 1,000 hours of drama before he decided to try his hand at the tourism industry, building Vatulele, a luxury "eco-sensitive" resort in Fiji.
Crawford is now on the Urban Design Panel at the Queenstown District Lakes Council in New Zealand.
1 Greville Street will be auctioned on Saturday 15 November.
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Henry Crawford's former Clovelly conversion on the market

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Ardoch Youth Foundation will receive a portion of the sale price of a St Kilda East apartment block after it is auctioned today.
Selling agents Hodges St Kilda will also contribute a portion of their commission to the charity.
The apartment block at <a href="https://www.realestate.com.au/property-unitblock-vic-st+kilda+east-118045907" target="_blank">105 Westbury Street</a>, on a 760 square metre plot, was formerly a halfway house. There are now two period apartments on the site and a three level town house at the rear of the plot.
According to listing information, the property falls within the General Residential Zone, which allows multi-unit development, subject to council approval. It's located within walking distance of Carlisle Street and Balaclava cafes and restaurants.
Vendor Andrew Robinson, who has owned the five-apartment block for almost 25 years, will be making a donation. He is a volunteer for the Ardoch Youth Foundation and runs music classes for disadvantaged young people.
The Ardoch Youth Foundation provides education services for young people experiencing barriers to education. They support Port Phillip Bay schools including St Kilda Primary, Elwood College and Elwood Primary School.
The auction of 105 Westbury Street will take place at 1pm, 29 October.
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Slice of proceeds from St Kilda East sale to go to local charity

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A two bedroom house surrounded by gardens was the cheapest sold at weekend auction in Adelaide.
Kristy Dundon of Harris Real Estate sold the house at <a href="https://www.realestate.com.au/property-house-sa-blackwood-118120775" target="_blank">20 Brightwood Avenue</a>, Blackwood for $450,000.
The home is located in Blackwood, at the foot of the Adelaide hills.
On the lower level there is a kitchen and dining room, bedroom, bathroom and living area that opens onto an outdoor entertaining deck. The mezzanine level holds the main bedroom and a living space. Double height windows look onto the property's well established gardens, set over 898 square metres of land.
The property also includes a separate studio, a double carport and storage under the house.
The sellers bought the home for $173,000 in 2000.
<a href="/news">Blackwood</a> has a median sale price of $480,000, according to RP Data.
Earlier this year Property Observer's contrarian commentators Jonathan Chancellor and Margie Blok debated <a href="/expert-insights/investing/a-frame-houses-do-they-work-he-said-she-said">the merits of the A-frame design</a>.
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A-frame Blackwood home Adelaide’s cheapest at auction

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Seven of the 10 most expensive sales of the week were in Victoria, according to RP Data.
But it wasn't enough to push New South Wales out of the top spot, with the <a href="/expert-insights/buying/darlinghurst-apartment-sells-prior-to-auction-for-5-million">$5 million sale</a> of a Darlinghurst apartment in The Residence.
A Federation era Camberwell estate took out the next highest ranking. The four bedroom renovated home sold for $4.45 million.
RP Data's top 10:
<img src="/images/2014/07/04/yellow-one.jpg" alt="">71/18 College Street, Darlinghurst, NSW <img class="img-responsive" src="/images/2014/10/27/darlinghurst_0000_1.jpg.jpg" alt="Darlinghurst apartment sells prior to auction for $5 million"> 
The three bedroom, three bathroom apartment on the 16th floor in the north east corner of The Residence sold for $5 million pre-auction through Laing Real Estate Elizabeth Bay.
It was purchased by the seller for $4.8 million in November 2012.
<a href="https://www.domain.com.au/property/for-sale/house/vic/camberwell/?adid=2011471983" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">22 Victoria Road, Camberwell, Vic</a>
 <img src="/images/2014/10/28/2camber.jpg" alt="">
Tavistock was designed by Ussher and Kemp, the prolific Federation era Melbourne architects who made their mark throughout Melbourne's eastern suburbs. The four bedroom, four three bathroom house has been renovated and extended. Each of the bedrooms has built in robes, while the master bedroom has an adjoining nursery or dressing room.
The home has a north facing sitting room with a marble open fire place, a formal dining room and a living area which extends outside to an entertaining deck with a barbecue kitchen and a pool.
It was sold for $4.45 million through Jellis Craig Hawthorn.
<a href="https://www.realestate.com.au/property-house-vic-canterbury-118042839" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">19 Victoria Avenue, Canterbury, Vic</a> <img src="/images/2014/10/28/3.jpg" alt="">
This single storey Canterbury home sold for $4 million through Kay &amp; Burton Hawthorn. The period residence, with interiors renovated by Neil Architecture, sits on a 1,200 square metre landscaped plot.
The house features hardwood floors throughout, with multiple living and entertaining areas, four bedrooms, two bathrooms and a study. In the west-facing backyard, there is a pool and pool house.
Vendors paid $706,000 for the house in Canterbury's tree lined Victoria Avenue for $706,000 in 1990.
<a href="https://www.realestate.com.au/property-house-vic-williamstown-117978587" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">45 The Strand, Williamstown, Vic</a> <img src="/images/2014/10/28/4.jpg" alt="">
The only Melbourne home west of the CBD to crack to the top 10 this week was a three bedroom Williamstown offering. The bayside house sold for $3,876,000 through Greg Hocking Elly Partners Williamstown.
The 1985 house sits on a 721 square metre plot with 21 metre frontage to The Strand, which runs along the bay. City and bay views are available from almost every room of the home. The house also includes an indoor pool, spa and bar.
Despite its high price, the vendors made a loss on the home, having purchased it in November 2007 for $4,175,000.
<a href="https://www.11malinst.com/" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">11 Malin Street, Kew, Vic</a> <img src="/images/2014/10/28/5.jpg" alt="">
A contemporary home in Melbourne's private school belt sold for $3.61 million through Jellis Craig Hawthorn last week.
The four bedroom house on a 627 square metres has limestone floors, wool carpets and double glazed windows. There are three bathrooms, a lounge and dining area with a wet bar and kitchenette, a main kitchen with butler's pantry, home cinema and store room or cellar.
The living and dining area opens via stacker doors onto an outdoor entertaining area via stacker doors, which overlooks a pool.
Vendors purchased the property for $1,225,000 in 2009.
Article continues on the next page. Please click below.
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<a href="https://www.domain.com.au/property/for-sale/house/vic/st-kilda-west/?adid=2011454310" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">356 Beaconsfield Parade, St Kilda West, Vic</a> <img src="/images/2014/10/28/6.jpg" alt=""> After 33 years of ownership, the vendor of this modest two bedroom home sold it for $3.2 million.
The St Kilda brick house on a 296 square metre corner plot is located opposite Catani Gardens and within walking distance of Fitzroy Street. The home has 10.1 metres of frontage.
The home currently has a central living room, a double garage and a private courtyard. It sold through Cayzer Real Estate.
<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/vic/toorak/?adid=2011475018" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">2/18 Grange Road, Toorak, Vic</a> <img src="/images/2014/10/28/7.jpg" alt=""> A first floor apartment in Toorak sold for $3.17 million through RT Edgar Toorak. One of three in the complex, the apartment was designed by the late Melbourne architect Wayne Gillespie.
The apartment with ornate furnishings is situated directly opposite the Toorak Village, and features a wide gallery hallway, granite kitchen and a living and dining area that opens onto an entertaining terrace.
The home also includes three bedrooms, a home theatre room and parking for two cars. The sellers bought it in November 2010 for $3.05 million
<a href="https://www.realestate.com.au/property-house-nsw-mona+vale-118267899" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">24 Rednal Street, Mona Vale, NSW</a> <img src="/images/2014/10/28/8.jpg" alt=""> This four bedroom, four bathroom waterfront home sold for $3.15 million through LJ Hooker Collaroy, the first time it's changed hands in 30 years.
The house has a family living area with wet bar, a formal dining area and a formal lounge with a sandstone fireplace. It features an entertaining terrace, a pool, sauna and lawns that extend to the water's edge.
The property also includes a slipway, a boat storage room and a deep waterfront berth.
24 Rednal Street sold after almost a full year on the market. The owners previously listed it briefly in 2006 with a price guide of $2.1 million, and again in 2010.
<a href="https://www.realestate.com.au/property-house-nsw-double+bay-118019155" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">8 Epping Road, Double Bay, NSW</a> <img src="/images/2014/10/28/9.jpg" alt=""> Raine &amp; Horne Double Bay sold this four bedroom, two bathroom house for $3.1 million.
Sitting on a dual access 273 square metre level block, the house opens onto the garden area, with a heated plunge pool. Each of the double sized bedrooms offers direct outdoor access.
The house was purchased by the vendors in March 2001, who paid $1,667,000.
<a href="https://www.realestate.com.au/property-house-vic-black+rock-118039583" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">26 Love Street, Black Rock, Vic</a> <img src="/images/2014/10/28/10.jpg" alt=""> This north facing bayside home sold for $3.1 million through Buxton Sandringham.
The house has four bedrooms and three bathrooms, with a home office and was built by Pascall Projects. The master wing on the home's lower level features a double ensuite with an Apaiser Stone bath and a mirrored dressing room.
The large kitchen has a butler's pantry, while the lower level living space opens to the outside, with a pool, decks and a pond.
Vendors bought the 606 square metre property for $730,000 in 2004.
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Victorian prestige homes dominate RP Data's top 10 sales of the week

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

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