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GUEST OBSERVER
Dwelling approvals outstripped expectations again in August, with a small 1.8 percent pull back from a big spike in July (+12 percent revised up slightly from +11.3 percent).
The consensus forecast was for a more material 6 percent fall. The July update was the second highest level of approvals on record. The August pull back still leaves approvals at the fourth highest level on record.
Expectations centred on high rise approvals which drove the July gain and which tend to be volatile due to large projects. This segment instead held up better than expected with our estimates pointing to about a 10 percent drop in seasonally adjusted terms that still left high rise approvals about 25 percent above their June level.
The rest of the detail showed a decent rise in ‘low-mid rise’ approvals, we estimate up about 7-8 percent in the month with the more stable detached house approvals segment down 1.3 percent/mth. Combine approvals ex high rise were up slightly, we estimate up 1.2 percent/mth. To the extent that this measure is more reflective of underlying trends it is pointing to a modest decline running at about 1-1.5 percent a month.
By state, approvals dipped 2.3 percent in NSW but were up slightly in Vic and Qld with big monthly declines coming in WA and SA. Notably, within the NSW estimates ‘unit’ approvals were still the second highest monthly level on record.
The value of renovation approvals also softened in Aug, down 0.9 percent. The value of non res building approvals recorded a bigger decline down 24 percent/mth and 13 percent/yr.
 Overall, the continued high level of approvals points to a dwelling construction holding up stronger for longer although a softening is still expected to come through in coming months.
Details
Private houses –1.3%mth, –6.5%yr
Private 'units' –3.6%mth, 26.3%yr
NSW –2.3%mth, 37%yr
Vic 1.8%mth, 14.7%yr
Qld 0.6%mth, 13.5%yr
WA –14.3%mth, –36.5%yr
SA –10.6%mth, –22.6%yr
Alteration &amp; additions^ –0.9%mth, 1.2%yr
Non-residential^ –24.3%mth, –12.9%yr ^ value
Matthew Hassan is senior economist with <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.
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Australian dwelling approvals August 2016: Westpac's Matthew Hassan

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<img src="https://counter.theconversation.edu.au/content/65563/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
We shape the city and it shapes us. 
The recent ABC series City in the Sky focuses our attention on the sheer number of people who travel in the air at any one time and the extent of the infrastructure built up to support them. This aerial citizenry is due to double in the next 20 years and with it the global networks, smart technology and urban infrastructure that make it all possible. 
The real provocation of the city in the sky, however, is not just rendering visible the urban worlds that exist on land and sea, above the earth and below. Rather it prompts us to re-imagine both the complex nature and make-up of our habitats, and the role of infrastructure and planning within it. 
This raises new questions about what we imagine to be “the city” – and how we can shape it. 
<h2>The urban shapeshifters</h2>
In the urban age, important international conferences such as Habitat III are seeking to generate:
"… a new urban agenda for the 21st century that recognises the ever-changing dynamics of human civilisation."
The idea of “the city” looms large. There are, it seems, no limits to the prospects and possibilities of technology and human entrepreneurship. These concentrate within the contemporary city: the super structures of the super species in the age of the Anthropocene. 
For Harvard university professor Ed Glaeser, author of the book Triumph of the City, human ingenuity can conquer urban challenges and enable social and economic mobility. 
Others point to the lifeboat qualities and capacities of cities, which will help us navigate the urban challenges related to climate change, population growth and displacement, and resource depletion. 
But has the hubris of economists, urban academics, city planners, engineers and our elected leaders over-emphasised the moment of the city as concentrated urbanisation and big infrastructure projects? Should we instead be seeking to better recognise and understand the “extended” urbanisation processes that are reorganising and transforming the broader urban fabric (that is, worldwide shipping lanes and flight paths, broadband, sea level rise, peak oil, smart technologies)? 
To put it simply, are we thinking too narrowly when we talk about cities? 
The city as shapeshifter poses a genuine conundrum for those who seek to shape urban change. Like a 5D movie on speed, the contemporary city defies conventional boundaries.
<h2>The Australian city unbound</h2>
Australia’s cities are described in national policy as “some of the best in the world”. According to the Smart Cities Plan, Australia’s cities are: productive and accessible; full of talent and investment; agile and flexible; and encouraging of the innovation, jobs and growth on which our national prosperity depends. 
Prime Minister Malcolm Turnbull stressed earlier this year that, in shaping our cities:
"Planning is absolutely critical. The ad hocery [non-planning] has got to stop."
All Australians are encouraged as part of the Smart City Plan to share their ideas to help determine the new cities agenda. But what does this mean for urban planners, developers, state and local governments, as well as for Australian city residents when so much of what shapes the urban comes from outside the traditional boundaries of “the city”? 
Far from being self-explanatory and straightforward, the contemporary Australian city is changing, yet the processes that shape change in cities are not well understood. This is not a closed policy and planning cycle. And it’s further complicated if notions of what constitutes “the city” are constrained and outdated. 
<h2>Lines of flight</h2>
Urban planners adapt to change in cities and regions, which are in turn transformed by changes in environment, planning and party politics. Change is often imposed on cities (in response to an environmental crisis, for example). 
Sometimes, though, this change is the result of complex politics and negotiations between local, state and Commonwealth governments, or in response to investment interests borne elsewhere. 
For example, the Commonwealth government, in support of an interest in making Australian cities the site for innovation, has signalled the role that urban infrastructure will play in creating jobs and spurring growth.
Urban change, Turnbull tells us, will only be delivered:
"… by addressing the policy and regulatory settings through which cities and infrastructure are governed, planned, funded, constructed and operated."
But this safe policy and regulatory landing requires first the imagination and capacity to shape and plan for the “cities in the sky”. As American academic Joe Feagin noted in The Urban Scene: Myths and Realities:
"Basic conceptions and images of urban life and urban structure are extraordinarily important, since they often shape the ends envisioned, and the means by which those ends are implemented, by those intent on reinforcing or remaking the existing urban scene."
To this end, imagination and planning are central to the critical urban governance of cities. As planning academic Patsy Healey highlights, this entails the three-fold task of: 
1) expanding the collective knowledge base about the changing shape and nature of cities available to our communities, political and otherwise; 
2) enhancing democratic debate; and 
3) developing the skills for conveying to the different members of our communities.
Wendy Steele is associate professor of Urban Policy and Planning, RMIT University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/wendy-steele-4698" target="_blank">here</a>.
Crystal Legacy is Australian Research Council (DECRA) Fellow and Vice Chancellor's Research Fellow, Centre for Urban Research, School of Global, Urban and Social Studies, RMIT University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/crystal-legacy-18412" target="_blank">here</a>.
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Cities in the sky: how do we decide where this urban journey is taking us?

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GUEST OBSERVER
Funding markets have shown some stress in recent weeks as investors and borrowers prepare for imminent structural reforms and amid cyclical issues around banks.
We look at the recent moves in single currency and cross-currency basis markets, USD Libor and credit spreads.
With less than two weeks until US money market funds are required to comply with new liquidity and asset rules, we opine on the outlook for funding markets.
Funding markets have seen significant shifts in recent weeks as markets prepare for the upcoming new money market rules in the US. The rules, outlined in US money market reform 2a-7 primer, will come into force on 14 October.
In addition to money market reform, a confluence of factors has increased the cost of funding, namely quarter and year-end as well as concerns around European banks. There has been in recent weeks the usual pickup in funding stresses associated with quarter end – normally because of the need for 3 month funding which rolls over the ‘turn’ of the calendar year (or financial year end for US banks).
With banks now less willing to have significant balance sheet items over their year-end, the cost of USD funds will remain elevated. This quarter end has seen an escalation of this normal arrangement due to the money market reform being implemented at the same time.
Furthermore, as investments shift out of ‘prime’ funds (those who hold credit) to government only funds, the ability of both banks and corporate borrowers who access short-term funding has been diminished. This has forced borrowers out the term curve – or in the case of sectors of the bank market – to simply ‘pay up’ for alternate sources of funding.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.32%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.32%20PM.jpg" alt="">
The demand for USD has shown up in the sharp moves in 3 month cross-currency basis swaps (Figure 1) which have lifted the cost of funding sharply in the last week. The JPY basis has been driven by the structural need for Japanese banks to find a new funding source given their large reliance on US MMFs. This issue has not been fully addressed despite an increase in USD funds available from the BoJ. That said, it has led to a wider ‘Japan premium’ (which is the cost of USD 3 month Libor for Japanese banks relative to other members of the Libor panel).
THE BASIS FOR OTHER MOVES
In comparison, the move higher in USD FRA/OIS and Libor/OIS, as well as a gradual but significant rise in 3 and 6 month USD Libor since mid-year, has been gentler. The move in EUR cross-currency basis (see Figure) 1 has come at a time when European banks have been under the spotlight. This unwanted introduction of a systemic threat has augmented the current demand for USD funding.
The basis has moved to the most negative level (highest cost for USD funds) since the European sovereign crisis period in 2012. Both prior to this period and since, central banks have introduced a number of measures to allow for USD liquidity in times of stress.
After a reasonably steady period, the basis has dropped from -25bp to -59bp since mid- September. The spread remains a long way from its historic lows of -210bp in 2008-09 and the -160bp level seen in 2011.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.38%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.38%20PM.jpg" alt="">
The demand for USD via the ECB's 1 week funding mechanism has also seen a sharp rise. Last week’s auctions for 1 week USD funding saw just under USD6.4bn awarded to twelve banks. This was the largest amount requested since 2014.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.48%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.48%20PM.jpg" alt="">
In the FRA markets, the modest move wider for EUR FRA/OIS has not been matched by the sharper USD move. This suggests that concerns over European banks have not yet shown up in funding for EUR. In fact, the 3 month Euribor/OIS spread is little moved and is at multi-year lows. We believe any stresses are likely to show up in the USD funding markets – rather than in EUR.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.57%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.27.57%20PM.jpg" alt="">
A RISING TIDE
The single currency basis market, at least for USD, has steepened sharply in the last year and has risen significantly higher than the levels seen during the 2012 European crisis. Similarly the USD 3s/1s basis curve has steepened to the highest level since 2009. 3s/1s sits at 25bp, around 3bp higher than what it reached in the European crisis. In the last few weeks, domestic USD basis has stabilised at these elevated levels.
Looking at the forward curves for single currency basis, it would appear that the peak for the 1 year basis has been set and will begin to match the forwards. The risk to this view would be a sustained period of higher USD funding costs and increased market expectations for Fed hikes.
In time, such an outcome should narrow the 1 year 6s/3s and 5 year 6s/3s basis, driven by a rise in the latter.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.28.08%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.28.08%20PM.jpg" alt="">
OUTLOOK FOR FUNDING POST US MONEY MARKET REFORM
US money market funds now have less than ten days to comply with the new rules governing their operations. As Figure 6 shows, total holdings in prime funds are around USD600bn. While we expect some balance to be retained in the funds that choose to hold credit assets, there is likely to be further reduction in the coming days. This should, all things being equal, push USD Libor and USD Libor/OIS higher and wider.
It is worth noting that while the larger shifts in Libor have reflected a replacement premium for USD bank funding, corporate borrowers are also affected as they will need to source alternate means of funding. These may come via bank revolver credit facilities or through the term market as borrowers.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.28.15%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%205.28.15%20PM.jpg" alt="">
After the full implementation on 14 October, we expect markets to stabilise and for the Libor rate to reflect more cyclical news around the banking sector as well as the eventual addition of a premium or reflect market-based expectations of a Fed rate hike in December.
We also expect to see an increase in the issuance of term debt for banks as the ability to use short-term funding comes to an end. This more expensive method of borrowing also comes at a time when other regulatory requirements will be placed on the market.
WHAT TO WATCH
The key variables to watch will be the use of FX USD swap lines at the various central banks (primarily the BoJ and ECB). Domestic USD basis (6s/3s and 3s/1s) and 3 month JPY and EUR cross-currency basis are also important to gauge the demand for USD from non-US counterparties hedging loans, assets, and borrowings.
Bank credit spreads are an important gauge of the market’s perception of asset quality. While these have widened recently, they do not reflect significant concern. The CDS market, once a popular product in financial markets, has become an illiquid and poorly- traded instrument.
Lastly – and perhaps obviously – as the money market reforms are finalised, the USD Libor rate and spread to OIS are expected to rise a little further before stabilising and they represent a more realistic price for USD funding.
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Martin Whetton is senior rates strategist, ANZ. Katie Hill is strategist, ANZ. Both can be contacted <a href="https://www.anz.com/personal/" target="_blank">here.</a>
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What’s up in funding markets? ANZ's Martin Whetton and Katie Hill

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GUEST OBSERVER
With no major economic developments in the last month, September quarter inflation due later this month and new Governor Philip Lowe at the helm presumably wanting to demonstrate a degree of policy continuity it was no surprise to see the Reserve Bank of Australia leave rates on hold at 1.5 percent at its October meeting. 
While Philip Lowe did make a few changes to the RBA’s post meeting Statement these don’t appear to signal any major changes in the RBA’s economic forecasts. In short the RBA continues to see the global economy continuing to grow at a below average pace, financial markets functioning effectively, the Australian economy continuing to growth, inflation expected to remain low and an appreciating $A complicating the adjustment in the economy. 
Two areas where there were more substantial changes in commentary were in relation to the labour market and the housing market. In terms of the labour market the RBA has highlighted significant variation across the country  in jobs growth and the divergence between part time and full time employment but seems reasonably relaxed about the employment outlook. 
On the housing market the RBA remains relatively sanguine but has acknowledged a strengthening in some markets recently (presumably Sydney and Melbourne), suggesting that it may be becoming a bit less relaxed.
The RBA seems to remain comfortable in waiting for the surge in apartment supply to cool property prices. Given the recent rebound in auction clearance rates, Sydney and Melbourne property prices continuing to growth solidly after huge gains over the last four years (6 percent in Sydney, 40 percent in Melbourne) and the risk that the apartment building boom will go way beyond the point of being healthy, my view remains that the RBA is a bit too relaxed about home prices and at least a bit of “jawboning” would be appropriate at present.
The fact that the RBA did not repeat its July meeting reference to upcoming inflation data – with September quarter inflation data due later this month – suggests that unlike in July its bias on interest rates is neutral.
However, we remain of the view that the RBA will cut rates again at its November meeting when it reviews its economic forecasts after the release of the September quarter inflation data in late October. The near term risks to inflation are on the downside thanks to competitive pressures globally and record low wages growth domestically and the $A is still too high and at risk of further appreciation given the Fed’s endless delays in raising rates again.
However, with economic growth holding up very well, commodity prices and national income looking like it has bottomed and the new Governor perhaps preferring a period of stability, this is a close call and is critically dependent on seeing a lower than expected September quarter inflation result. Either way a cut in the cash rate to 1 percent or below and the adoption of quantitative easing remains very unlikely in Australia.
<a href="https://www.propertyobserver.com.au/https://plus.google.com/110172465327488162875?rel=author" target="_blank">SHANE OLIVER</a> is head of investment strategy and economics and chief economist at <a href="https://www.ampcapital.com.au/home" target="_blank">AMP Capital</a> and is responsible for AMP Capital's diversified investment funds.
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RBA a bit more realistic on the property market: Shane Oliver

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Morella, the unliveable late 1930s Mosman timewarp mansion that has sat idle for 15 years, has been sold for $6.6 million to Edward Wei.
There were two competing bidders. It sold after the top bidder raised his $6.4 million bid and the vendor reduced their reserve. 
More than $7.3 million was being sought through <a href="https://mnb.ljhooker.com.au/2MAXF6N/5-morella-road-mosman" target="_blank">LJ Hooker agent Geoff Smith</a> under instructions of Chew Hong Ho, the former carer who was named in Anthony Parer's obituary as his "loving partner." 
Anthony's distraught younger sister, Mariana, who has been intent on contesting the estate which includes Dungog cattle farms, came from Canada to attend the auction.
This article was first published in the Saturday Daily Telegraph.
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1930s Mosman timewarp mansion sold

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<img src="https://counter.theconversation.edu.au/content/65730/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Spring arrives and the warming weather encourages the plants in our gardens and parks to burst into life, commencing their annual reproductive cycle.
Plants use cues from the weather and climate to time their growth, flowering and fruiting. But as the world heats up due to climate change, these patterns are changing. 
So how is climate change affecting our gardens, and what can we do about it?
<h2>In sync with climate</h2>
Many temperate plants have evolved to reproduce in spring to avoid damage from extreme cold or heat. Warmer conditions tend to speed up these processes, causing plants to grow faster. 
Plants have evolved sophisticated mechanisms to synchronise with climate. This means they are excellent bio-indicators of climate change. 
We know from global assessments that most plants studied so far are behaving as we’d expect them to in a warming world. Studies in the Southern Hemisphere have found the same. 
In Australia, plants in southern Australia are maturing earlier – winegrapes, for instance, by 27 days on average between 1999 and 2007. We can see this in wine growers’ records.
Other plants may behave differently. Fruit trees such as apples need cold weather to break buds from their dormant state, before commencing growth when warm temperatures arrive. 
This means after warm winters, such as this one, flowering may actually be delayed. Data from a recent study show potentially delayed flowering for Pink Lady® apples. 
Applethorpe had the warmest spring and flowered first, as we’d expect for most plants. But Manjimup had the second-warmest spring and flowered last, even after Huon, the coldest spring site. This seems counter-intuitive but the delay is likely because Manjimup had the warmest winter. 
<h2>Do these changes matter?</h2>
The earlier emergence of reproductive tissues may increase the risk of devastating frost damage. Contrary to what you might expect, evidenceshows recent warming in southern Australia has not necessarily led to fewer frosts. On the other hand, plants that delay flowering because of warmer winters may reduce their frost risk. 
Shifts in flowering timing, earlier or later, can be problematic for plants that rely on pollination between different varieties. Both varieties must shift flowering in the same way for flowering periods to overlap. If flowering times don’t overlap, pollination will be less successful, producing fewer fruit. 
Bee and bird pollinators must also adjust their activity in sync with changes to flowering time to facilitate pollination. 
Faster maturity may shift ripening into hotter times of year, as seen for wine grapes. This increases the risk of extreme heat damage.
<h2>What about other changes?</h2>
Pests and diseases will also adjust their growth cycles in response to a changing climate. One pest well known to gardeners is the Queensland Fruit Fly (QFF). Their maggots are found in a wide range of fruits. 
Climate change will likely favour fruit flies. Warmer temperatures for longer periods will encourage a higher number of generations each year. Meanwhile, reduced cold weather will mean fewer fruit flies will die, increasing the flies’ survival rates. 
On the other hand, temperate pests and diseases may decrease if warming exceeds their temperature thresholds.
<h2>What can you do?</h2>
What have you observed? Citizen scientists who track the timing of biological events have provided valuable information, especially in Australia, for us to monitor and interpret plant responses to climate change. Keeping garden records will show if and how your plants or pests are changing their patterns. 
If you observe your flowers emerging earlier, coverings can be used to protect against frost. Keep an eye on cross-pollinators – are they flowering together? If not, consider planting a different cross-pollinator. 
Nets are an effective way to reduce heat damage and can also be used to protect against some pests. Setting pest traps according to weather rather than the calendar will help disrupt the first generation and reduce pest impact.
Climate change has already influenced biological responses, perhaps even in your own garden. Seeing these changes in our gardens gives us an insight into the significant challenges faced by our food production systems under a changing climate. 
Adapting to current and future climate change is a reality, and is essential to preserve both the enjoyment we experience in our own gardens and the security of future food supply.
Rebecca Darbyshire is research officer, Climate Unit, NSW Department of Primary Industries and Lecturer, University of Melbourne and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/rebecca-darbyshire-301038" target="_blank">here</a>.
Snow Barlow is foundation professor of Horticulture and Viticulture, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/snow-barlow-256" target="_blank">here</a>.
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Climate change is happening in your garden: here’s how to spot it

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CoreLogic data shows settled transaction numbers have levelled over the most recent three months.
At just under 110,000 settled transactions, sale numbers are down 5.3% compared with the June quarter.
They are 15% lower than the September quarter last year.
There are fewer than 20,000 dwellings currently being advertised for sale across Sydney, which is less than half the number of homes that were listed for sale five years ago.
CoreLogic head of research Tim Lawless said reduced stock levels create urgency in the market, adding to the upwards pressure on dwelling values.
“Conversely, in markets like Perth and Darwin, where dwelling values have been falling consistently, the slowdown in transaction numbers is related to demand, which is evidenced by the higher number of homes available for sale, as well as the sharp slowdown in migration rates.
"With advertised stock levels close to record highs in Perth and Darwin, buyers now have a lot more choice when selecting a property and can negotiate hard on price,” he said.
Perth and Darwin have consistently been recording the highest vendor discounting rates at just over 8% on average, as well as the longest average selling time at 75 and 84 days on average.
 
<a href="/images/2016/10/03/Monthly%20settled%20dwelling%20sales%20national.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/03/Monthly%20settled%20dwelling%20sales%20national.jpg" alt="">
As the spring selling season progresses, CoreLogic is now seeing a rise in newly advertised listing numbers, however, there are fewer newly advertised properties entering the market compared with a year ago across the combined capital cities.
Lawless said the weaker new listing trend is mostly attributable to the Sydney market, where newly advertised listings are 18% lower than the same time last year.”
“Interestingly, real estate agent activity across CoreLogic platforms, as measured by the CoreLogic listings index, has been tracking higher than a year ago, despite the lower amount of fresh stock being added to the market. Increased levels of agent activity translating into fewer new listings indicates a heighted level of competition amongst real estate agents for listings. Sellers may also be nervous about selling in a strong market, especially with the consequential challenges of buying well in that same market.”
According to Mr Lawless another factor affecting transaction counts is the level of undercounting due to the record-high number of off-the-plan sales yet to reach settlement.
As off-the-plan units move through their settlement phase, transaction numbers will revise higher, he said. 
He also suggested despite the low mortgage rate environment, high transaction costs may also be a disincentive for the lower numbers transacting in the housing market.
"Due to bracket creep and higher dwelling values, we’ve also seen stamp duty dollar value payments rise substantially.
"In addition, percentage-based expenses such as agency commission fees for vendors have moved higher as the value of housing rises.
"It is likely that an increasing number of home owners are weighing up the pros and cons of the costs associated with selling and buying, or, staying where they are.
"It seems an increasing number, particularly in Sydney, are choosing the latter.”
“Clearly, many factors are at play across Australia’s housing market. In fact, there isn’t just ‘one’ single housing market nationally, there are a multitude where conditions vary substantially by way of geography, housing type, and price point,” he said.
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Just how much Sydney property listings have shrunk: CoreLogic

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<img src="https://counter.theconversation.edu.au/content/64749/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Our cities are more densely packed than ever before, with people and their dogs living in smaller dwellings and vying for increasingly limited public space.
The urban dog has an emerging political identity and, given its place as humanity’s “best friend”, deserves positive consideration in city planning.
No doubt, however, dogs sometimes cause trouble. In public, dogs and their owners can misbehave: dogs roam where they’re not supposed to and owners leave dog mess for others to clean up.
Even within our homes dogs can be perceived as a nuisance: barking, digging, slobbering and annoying neighbours. “Nuisance dogs” are everywhere – even if the dogs aren’t aware of it themselves.
There is an important contrast here: we choose to bring dogs into our urban world, then control them on a tight leash. Local councils aim to balance these two forces through animal management. Unfortunately, this doesn’t always work well, which can harm public perceptions of dogs in the community.
We need a critical understanding of animal management to help us help dogs become better urban citizens. This stands to benefit everyone.
<h2>Animal management holds the key</h2>
Most of the more than 4 million dogs in Australia live in the cities and towns where most of the people live. Melbourne, where I undertook my research, is home to around half-a-million dogs. 
Alongside roads and rubbish, animal management is a key function of local government.
Animal management is a mixed bag of three distinct activities: education, compliance and enforcement. These are outlined in each local council’s domestic animal management plan. Such plans are of varying detail and importantly are just that – plans. What happens in practice may be very different.
My recently published research demonstrates that some activities are more effective than others in managing various common nuisances. Understanding the effectiveness of animal management is really important: if we manage the nuisance of dogs well, then they are less trouble to the community and closer to being good canine citizens.
<h2>Carrots and sticks</h2>
Nuisance barking is one of the most common complaints about dogs in the city. The general procedure for resolving complaints is nevertheless quite successful in practice. This involves:
<ul>
<li>
complainant first raises problem with owner
</li>
<li>
if problem continues, complainant gathers evidence and reports to council
</li>
<li>
council requires owner to fix the problem
</li>
<li>
council and courts enforce the law as a last resort.
</li>
</ul>
That outcomes for each case differ does not appear to be too important to their overall success. The key to success in enforcement of animal management laws is consistency of process between cases and across councils.
The enforcement of effective control, however, is a mess. There is no agreed definition of what this means – among dog owners, officers, councils and the courts. This makes consistent enforcement nearly impossible.
The final report of the Victorian government’s recent inquiry into restricted‑breed dogs fails to define what “effective control” actually means, despite its central importance to the issue.
RSPCA Victoria argues effective control is an owner’s responsibility. My research supports this, finding that rather than being a tool of compliance, effective control is simply a part of everyday responsible dog ownership.
<h2>Going back to school</h2>
Responsible dog ownership is a learned behaviour.
Public education for schoolchildren is successful. In part, this is because of its focus on a particular demographic that is coincidentally pretty cheap for the government to reach. Schoolkids are a captive and receptive audience and love a visit from the dog-catcher with the friendly mutt. 
As a bonus, the children then educate their parents on how to better interact with dogs.
Researchers from Monash Universityhave nevertheless called for an increased focus on adult education to reduce the rate of hospitalisation from dog bites. 
Such education campaigns are easier said than done. This is because:
<ul>
<li>
they are expensive to run
</li>
<li>
they need to appeal to a very wide audience
</li>
<li>
they tend to focus on an individual species to the exclusion of others
</li>
<li>
they can take an inordinately long time, often bouncing from one government website to another as governments change, which makes material very hard to find.
</li>
</ul>
This all adds up to a weak message, which lacks bang for buck.
Public education campaigns that are privately sponsored may ultimately prove more successful. Keep Australia Pet Friendly is a great example. This tackles the trouble of dogs head-on with a message underscoring the net benefits of pet ownership for the community. 
These campaigns may do so out of self-interest – Pet Friendly campaign sponsor Mars Petcare Australia has some obvious skin in the game, for instance. But through a better reach and targeted message they will likely be more effective than similar government programs. 
As dogs are increasingly recognised as having a genuine stake in our cities, we need to look for ways to encourage harmony between the species. Better animal management presents an obvious place to start.
Simon Carter is research fellow in Urban Planning, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/simon-carter-227415" target="_blank">here</a>.
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We need a better understanding of how we manage dogs to help them become better urban citizens

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The longtime Balmain East home of the late Labor activist and environmentalist Tom Uren is for sale following his opera singer widow Christine Logan’s decision to downsize locally.
It was designed by architect Richard Leplastrier in the early 1990s using jarrah and karri recycled from warehouses in Fremantle, walls of blackbutt from northern New South Wales and ceilings of two-inch thick boards of celery top pine sold off by the Hydroelectric Commission in Tasmania.
The former minister in the Whitlam and Hawke Labor governments then created a private green oasis on the 496 sq m holding.
He paid $90,000 for a vacant block on <a href="https://www.modernhouse.co/listings/tom-uren-house/" target="_blank">Gilchrist Place</a> in 1983, then the adjoining property for $100,000 two years later.
Between $3.45 million and $3.795 million is the price guidance for the 287 sqm space by Marcus Lloyd-Jones, of the Modern House agency. 
"Taking its cue from the nearby industrial waterfront buildings, as well as from the character of Uren himself, there’s a solidity and robustness to the form of the three-bedroomed timber house, and yet it still manages to create an element of openness and intimacy," he said. 
Uren, who was born in Pashley Street, Balmain, died in early 2015.
This article was first published in the Saturday Daily Telegraph.
Photograph's courtesy of Michael Nicholson Photography
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Tom Uren's Balmain East home listed

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Dwelling approvals outstripped expectations again in August, with a small 1.8 percent pull back coming well above the consensus expectation of a more material 6 percent decline and a slight upward revision to July's big jump.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.56.55%20PM.jpg">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.56.55%20PM.jpg" alt=""> The number of approvals in July was the second highest month on record. Even with a dip, the August reading is still the fourth highest month on record with approvals now up 10.1 percent/yr.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.00%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.00%20PM.jpg" alt=""> Expectations for a pull back centred on high rise approvals. This segment saw a spectacular 39.8 percent jump in July that was expected to largely reverse in August. Approvals instead held up much better than expected with our estimates pointing to about a 10 percent drop in seasonally adjusted terms in the month. This still leaves high rise approvals 25 percent above their June level.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.06%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.06%20PM.jpg" alt="">
The rest of the detail showed mixed moves. The small ‘low-mid rise’ segment saw a solid 7.8 percent gain in the month but the larger and more stable detached house approvals segment recorded a 1.3 percent dip. Combined, approvals ex high rise were up slightly, about 1.2 percent/mth but down 4.1 percent/yr. To the extent that this measure is more reflective of underlying conditions it is pointing to a modest trend decline running at about 1-1.5 percent a month.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.25%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.25%20PM.jpg" alt=""> By state, approvals dipped 2.3 percent in NSW but were up slightly in Vic and Qld with big monthly declines coming in WA and SA. Notably, within the NSW estimates ‘unit’ approvals were still the second highest monthly level on record.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.37%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.37%20PM.jpg" alt="">
The value of renovation approvals also softened in August, down 0.9%mth, but up slightly on a year ago (+1.2%). Both moves are fairly small for what is typically a much more volatile monthly series.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.43%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.43%20PM.jpg" alt="">
The value of non residential building approvals recorded a large 24.3 percent fall in August to be down 12.9 percent/yr. Monthly reads have been extremely choppy over the last year but approvals appear to be tracking and underlying downtrend. Falls in public sector work, private accommodation, and private sector education, health and office approvals drove the August decline.
<a href="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.49%20PM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/04/Screen%20Shot%202016-10-04%20at%204.57.49%20PM.jpg" alt="">
 Overall, the continued high level of dwelling approvals points to a dwelling construction upturn holding up stronger for longer. Both tightening lending conditions and a surge in new apartment supply have had little or no impact to date but are expected to rein in 'high rise' approvals over the next year. But even allowing for a potentially sharp reversal lower in coming months, the pipeline of dwellings under construction is set to continue expanding strongly throughout the rest of 2016 and is likely to continue rising in the first half of 2017.
Matthew Hassan is senior economist with <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.
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High rise boom continues: Westpac's Matthew Hassan

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

Joel Robinson

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa</a> is soon to officially launch its newest local apartment development, <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a> development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's <a href="https://www.apartments.com.au/new-apartments/corner-house-stones-corner-18-stoneham-street-stones-corner-qld-4120">Corner House development</a> in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its <a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">recently launched Parkdrive development</a>.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Jonathan Chancellor

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