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The latest Westpac-Melbourne Institute Consumer Sentiment Index augers well for the spring buying season, with the "time to buy a dwelling" sub-index rising 7.6% in September.
The sub-index increased from 118.5 points in August to 127.7 points in September – now well above the 100 mark where optimists and pessimists are equally weighted.
Consumers are now marginally more confident about buying a house than buying a car, with the sub-index tracking "time to buy a vehicle" down 0.2 points in September to 126.1.
The improvement in house buying sentiment also contrasts starkly with the sub-index “time to buy a major household item”, which fell 0.5 points to 124.9.
Overall consumer sentiment rose by a modest 1.6% in September from 96.6 in August to 98.2 in September, the seventh consecutive month that the index has been below the benchmark 100 reading.
The results were based on a survey of 1,200 adults aged 18 and over conducted from September 3 to September 8. The RBA left the cash rate unchanged at 3.5% on September 5.
Westpac chief economist Bill Evans noted that apart from the 2008-09 period (in the wake of the GFC) when the index held below 100 points for 16 consecutive months, this represents the longest run of consecutive ‘sub 100’ prints since the early 1990s.
Evans says consumers are clearly stuck in an extended ‘cautiously pessimistic’ phase.
“In September last year the Index printed 96.9 so it has only increased by 1.3% over the whole year. That is despite 125 basis points of rate cuts from the Reserve Bank; a more or less steady unemployment rate which is close to full employment; and some recent positive news around the threatening European situation.
“This does not bode well for consumer spending and is consistent with the slowdown in consumer spending indicated by the June quarter national accounts.”
AMP Capital Investors chief economist Shane Oliver also noted the improvement in September but tweeted that the level of 98.2 “remains sub-par and little different to when rates started coming down late last year”.
Similarly Business Spectator and Market Economics economist Stephen Koukoulas tweeted that consumer sentiment is still “fragile at best”.
“Fits fit picture of economy doing OK but with more risks to the downside than up," Koukoulas said.
In his analysis Evans noted the improved outlook from households with the sub-index tracking views on “family finances compared with a year ago” up 0.3% compared with the forward-looking “family finances over the next 12 months” sub-index which rose 4.8%.
“By June this year we were particularly concerned by readings on “family finances over the next 12 months”, which was printing at a level around the low point of the 2008-09 period.
“Since then we have seen an encouraging improvement in this component which has increased by 11.4%.
“However, it is still at a historically low level.
“For example the average print of that component during that 2008-09 period when the index registered 16 consecutive months below 100 was 105.2 – today’s print of 96.2 is still well below that average.
“We can only conclude that respondents remain concerned about their finances despite the recent rally.”
Evans says Westpac expects the RBA to cut the official cash rate by 50 basis points over two meetings by year’s end.
“The case for lower rates is strong. Inflation remains well contained and the RBA’s own forecast has inflation remaining consistent with the target over the next one to two years. Interest rates are only slightly below neutral levels.”
"In short, we think the case for lower rates has already been made and there must be a reasonable chance that the Bank will decide to move in October. However, central banks are conservative so a November ‘call’ for the first move looks to be more prudent," says Evans.</body></html>

lschlesinger-FZcF9M3vE6

Strong bounce in house buying sentiment as overall consumer sentiment remains flat: Westpac

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Median house price across Australia's eight capital cities increased by 1.4% over the June quarter to a median of $519,768, according to the latest Real Estate Institute of Australia (REIA) Market Facts report compiled in collaboration with Bendigo Bank.
For the year to June capital city house prices are still down 3.1%, according to REIA calculations.
Canberra was the only capital city where house prices fell over the three months from April to June, recording a 5% drop to a median of $494,125, while Perth house prices were unchanged at $475,000 and Sydney house prices changed little, up 0.2% to a median of $642,425.
In its June quarter capital city house price update, the ABS recorded a 1.3% fall in Canberra house prices, compared with a 0.5% rise nationally.
Housing Industry Association ACT executive director Neil Evans said at the time that cheaper Canberra house prices might indicate that Canberra now had the right number of houses for its population.
''It's a difficult thing to pinpoint, but one thing I think is a major player … is when supply meets demand you might get drops,'' he told the Canberra Times.
In contrast to falling house prices, unit prices were up 2.4% over the quarter, with the REIA’s ACT institute pointing to a growing propensity among professional couples and singles to choose to live in an apartment complex.
The REIA recorded median house price decreases in all zones in the ACT, with the largest decline evident in the high-end inner-central zone – comprising Canberra North and Canberra South – down by 9.7% to a median of $650,000
Year-on-year, the inner central zone also recorded the largest drop of 12.2%.
The inner-south zone, comprising the Canberra suburbs of Woden and Weston Creek, fell 4.3% to $574,000; the west and north zone comprising Belconnen, Gungahlin and Hall fell 6.3% to $450,000, and the outer-south zone incorporating Tuggeranong fell 1.5% to $480,000.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/09/reiasept12.gif"><img src="/images/stories/2012/09/reiasept12thumb.gif"></a>
Melbourne house prices rose 2.9% to $535,000, while Brisbane managed a gain of 1.9% ($433,000) and Adelaide up 3.4% to a median house price of $395,000.
There were solid house price gains among the smaller capital city housing markets, with Hobart up 4.8% to a median $370,000 and Darwin house prices up 3.6% to $570,000.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/09/reiasept121.gif"><img src="/images/stories/2012/09/reiasept121thumb.gif"></a>
Hobart and Darwin were the strongest-performing unit markets over the quarter, registering gains of 5.9% and 4.8% respectively as the weighted average median unit price increased by 0.6% over the quarter to $429,558.
Among the larger capital cities, Brisbane was the strongest capital city unit market, registering a gain of 3.2% to a median of $376,500, with Melbourne unit prices up 1.9% to $450,000.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/09/reiasept122.gif"><img src="/images/stories/2012/09/reiasept122thumb.gif"></a>
REIA president Pamela Bennett says the national house price gain of 1.4% over the quarter was “good news for investors too with improving yields thanks to tight vacancy factors and the impact on rental returns coupled with lower borrowing costs”.
“Every capital city with the exception of Adelaide and Hobart experienced strong demand for rental accommodation during the June quarter. National vacancy rates remain low.
“While economists keep a close eye on overseas markets and in particular the Euro crisis, in Australia, a turning point seems to have been reached and the overall mood for the housing sector is one of quiet confidence,” says Bennett.
Bendigo and Adelaide Bank’s executive for retail, Dennis Bice, says the report shows there has been growth across a number of market sectors.
“The results underscore the old property adage that there really are ‘markets within markets’ both at different levels in different cities and in regional centres around the states and territories where good value and solid returns can still be found,” he says.
The report was compiled based on figures supplied by the state and territory real estate institutes, Australian Property Monitors and various state government housing and land departments.</body></html>

Canberra house prices fall 5% in June quarter as nationwide prices are up 1.4%: REIA

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Queensland commercial and residential property investors face a higher stamp duty bill following changes announced in the state budget yesterday.
The Newman government has lifted the threshold for the highest rate of transfer duty from $980,000 to $1 million, but has increased the top rate from 5.25% to 5.75%.
The higher stamp duty rate is expected to provide the Queensland government with an extra $37 million, with transfer duty revenue rising from $55 million to $92 million.
Under the previous stamp duty regime, an investor buying a property worth $1 million would be liable for stamp duty of $38,175 – <a target="_blank" href="https://www.osr.qld.gov.au/calculators/transfer-duty-grants-calculator.shtml">an updated calculator is not yet available on the Queensland government website</a>.
Concessions for non-first home buyers buying a home were introduced on July 1 last year, providing a <a target="_blank" href="https://www.osr.qld.gov.au/duties/transfer-duty/exemptions-and-concessions/home-transfer-duty-concession-rates.shtml">concessional stamp duty rate of 1% up to a purchase price or value of $350,000</a>.
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Queensland investors to be worse off under higher transfer duty rate for $1 million-plus purchases

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From today a new $15,000 first-home owner construction grant (FHOCG) is available in Queensland, replacing the $7,000 first-home owner grant, which has run since 2000.
The FHOCG applies to new property bought or built at a value under $750,000, meaning these buyers will be $8,000 better off under the new scheme.
There are no state government grants for existing properties bought by first-home buyers, who will now be $7,000 worse off – although the Queensland government claims this incentive only served to push up house prices by $7,000.
In addition, under a scheme which has operated since August last year, first-home buyers pay no stamp duty on homes valued up to $500,000 – a saving of  $8,750 and full exemption for vacant land purchased to build a new home up to a value of $250,000.
First-home buyer stamp duty concessions apply to a home purchase price or value of $550,000 and to land up to $400,000 – <a href="https://www.osr.qld.gov.au/duties/transfer-duty/exemptions-and-concessions/home-transfer-duty-concession-rates.shtml" target="_blank">the rates can be found on the Queensland Office of State Revenue website.</a>
A first-home buyer buying a new median-priced Brisbane home valued at $400,000 would be entitled to the $15,000 first home owner construction grant and would pay no stamp duty (a saving of $5,250).
Before  September 12 the same first-home buyer would have received $7,000 under the first-home owners' grant and the same stamp duty savings.
The Queensland state government has released the following FHOCG summary to assist first-home buyers.
These are the six things you need to know:
<ol>
<li>The FHOCG is for first-home buyers who are buying a newly constructed or off-the-plan property.</li>
<li>The FHOCG replaces the first-home owner grant which was $7,000. </li>
<li>Those first-home buyers who have purchased an existing dwelling will have until October 11 to finalise their contract (to be eligible for $7,000 grant).</li>
<li>First-home buyers signing contracts for new properties before September 12 will receive $7,000, and those signing on or after September 12 will receive $15,000.</li>
<li>The program will be administered within existing arrangements in the Treasury Department.</li>
<li>Major banks and financial institutions will continue to advertise the FHOCG in their loan marketing material, reducing the cost for taxpayers.</li>
</ol>
The following eligibility criteria still apply:
<ol>
<li>It must become your principal place of residence within one year of taking ownership.</li>
<li>It must be your principle place of residence for at least six months.</li>
<li>You must not dispose of all or part of the property within one year after you start to occupy the residence as your home.</li>
<li>The property must be bought or built at a value under $750,000.</li>
</ol>
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The $15,000 Queensland first-home owner construction grant: What first-home buyers need to know

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The pressure has eased on embattled Mirvac chairman James MacKenzie after it was announced that incoming Mirvac CEO Susan Lloyd-Hurwitz will begin her role on November 5.
The precise date was confirmed today in a one-sentence ASX release - previously Mirvac has said she would taking on the role before the end of the year and later said she would start in November.
The Australian Financial Review reported “senior sources” as saying that Lloyd-Hurwitz, currently managing director of LaSalle Investment Management Europe in London, would take on the role some six to eight weeks earlier than first anticipated.
Outgoing CEO Nick Collishaw is due to officially step down on October 31, although he has been taking direction from the Mirvac board since his departure was announced in mid-August.
MacKenzie has also been boosted by a public backing from the Mirvac board, with independent directors standing behind him and dismissing concerns expressed by a group of institutional investors headed by Maxim Asset Management.
<a href="https://www.propertyobserver.com.au/industry-news/institutional-investors-pressure-embattled-mirvac-chairman-james-mackenzie-and-board-over-decision-to-replace-ceo/2012091056495" target="_blank">Maxim Asset Management had written to the Mirvac board </a>expressing concern at MacKenzie’s handling of the surprise departure of Collishaw, who guided Mirvac through the aftermath of the GFC, and calling for a boardroom spill, including that MacKenzie step down.
The fund manager also questioned whether a leadership void had been created by announcement of Collishaw’s departure but no firm date for Lloyd-Hurwitz to take the reins.
In an email response to Maxim and seen by The Australian, Mirvac director and chairman of its human resources committee Peter Hawkins said the board was comfortable that the market had been fully informed with regard to Collishaw’s departure and replacement and that “the events of the past few weeks and the actions of the chairman were fully endorsed by the board of directors”.
Hawkins, a former senior ANZ banker, said the actions of MacKenzie should be taken to represent the actions of the entire board.
In response to investor concerns over MacKenzie’s unwillingness to discuss more fully the reasons behind the replacement of Collishaw with Lloyd-Hurwitz, Hawkins said it would have been inappropriate to discuss a change of CEO at great length at a profits results announcement.
The other members of the Mirvac board comprise Marina Darling (only appointed in January 2012), James Millar (former CEO of Ernst &amp; Young Oceania), former Suncorp CEO John Mulcahy, John Peters (formerly with Lend Lease), Nick Collishaw and Elana Rubin.
Lloyd-Hurwitz, a graduate of Sydney University, has previously held roles at Lend Lease and Macquarie Group and has been managing director of LaSalle Investment Management Europe since March 2010.
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Incoming Mirvac CEO Susan Lloyd-Hurwitz to start November 5 as board backs chairman James MacKenzie

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One of Sydney's best-located shopping centres, the Kings Cross Centre beneath the iconic neon  Coca-Cola sign, has been listed for sale by fund manager Challenger.
The retail centre at 82-94 Darlinghurst Road, Potts Point, is anchored tenanted by a two-level maze-like Coles and surrounded by apartment buildings, hotels, bars, restaurants and cafes that make up the social fabric of Kings Cross and Potts Point, one of the most densely populated parts of Sydney.
It forms part of the Challenger Premier Hybrid Property Fund and in 2009 had a book value of just under $26 million.
ASX-listed Challenger is a life insurance and investment management firm managing in excess of $33 billion in assets and is a significant investor in property and infrastructure. It was set up in 1985 and backed by Kerry Packer from 1998, when his Consolidated Media held a nearly 20% stake. James Packer sold this stake in  2009.
An expressions of interest campaign, which closes on October 4, is being led by CBRE’s Steve Lerche and Sashi Makkapati in tandem with City Commercial’s Warren Duncan and Miron Solomons.
Lerche is expecting offers around the $25 million mark and expects interest from private investors and "genuine foreign investor interest".
He says the centre’s highly recognised location below Sydney’s iconic Coca-Cola sign will be a “key attraction for prospective purchasers as will the strength of the tenancy profile”.
In 2004 it traded for $39 million when fund manager HSBC Asset Management bought what was then the Kingsgate Shopping Centre as well as the Coca-Cola sign from New Zealand's Kingsgate Investments.
Challenger acquired the shopping centre when it acquired HSBC’s asset management business in 2005.
The fund manager spent $11 million redeveloping it as part of a wider gentrification wave occurring across Kings Cross, Potts Point and Darlinghurst areas at the time.
The heritage-listed Coca-Cola sign – called by some "the gateway to the cross" – is considered one of Australia’s most recognisable advertising signs.
It was acquired by Coca-Cola Amatil in 2008, when it bought it from Challenger Advertising.
Coca-Cola Amatil had leased the sign since it was built in 1976 and was paying around $1 million a year just before acquiring it.
The shopping centre sits at the base of the Zenith Residences, a 97-apartment complex that was formerly the Millennium Hotel.
Aside from Coles and Liquorland, the centre comprises 24 speciality stores including Pie Face and Flight Centre, four kiosks and four ATMs and has a gross lettable area of 4,429 square metres spanning three levels.
The centre is currently 98% leased, with the Coles and Liquorland occupying more than half of the available retail space (2,600 square metres) on a lease expiring in 2022.
Coles is currently paying base annual rent of just over $1 million with fixed 4% to 5% annual reviews.
When fully leased the centre brings in net income of just over $2 million annually.
The vacant 110-square-metre shop, which faces out onto William Street, is being offered for lease at a gross annual rent of around $140,000.
City Commercial's Warren Duncan says the area has undergone “major gentrification with the revitalisation of William Street, and the establishment of fashionable apartment buildings, hip hotels and trendy bars, restaurants and cafes”.
He says the area’s demographic has evolved to service a growing number of affluent professionals who have significantly altered the character of the suburb.
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Buyers sought for Challenger’s Kings Cross Centre below iconic Coca-Cola sign with $25 million expectations

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The Queensland state government will scrap the $7,000 first-home owners' grant with immediate effect, with the new $15,000 handout for those building a new home to begin tomorrow.
Details of the new 'first home owner construction grant' were announced today by Treasurer Tim Nicholls delivering the first Liberal Queensland budget in 15 years.
The immediate introduction of the new $15,000 grant is designed to prevent an artificial lull in first-home buyer activity, as has happened in NSW, where the $15,000 handout will begin October 1. The existing $7,000 first-home owners' grant will remain in place in NSW until then.
Nicholls called the new grant the most generous first-home buyer handout in Australia.
Although he did not explain the claim, proportionally Queensland's is a more generous scheme than that in NSW, given median house and unit prices in Brisbane are $430,000 and $350,000, compared with $590,000 for a Sydney house and $470,000 for a Sydney unit.
Nicholls said the $7,000 first-home owners' grant – introduced in July 2000 – had “outlived its usefulness” and had just added $7,000 to the cost of a house.
“First-home buyers have been competing with each other, which just means higher prices,” he said.
Nicholls said the new $15,000 first-home buyer new home grant was based on discussion with many in the construction industry and many economists, who called for the $7,000 grant to be removed and replaced.
“We have listened and acted.”
However, he did not explain how the $15,000 handout would not add to the cost of a new house in the same way he claimed the $7,000 had pushed up existing house prices.
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New 'most generous' Queensland $15,000 first-home buyers new home grant to begin tomorrow: Treasurer Tim Nicholls

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ME Bank is offering the lowest one- and three-year fixed rate  homes loans in Australia following its decision to cut its rate to 5.39% per annum. The lender provides loans to borrowers who are members of eligible industry super funds and eligble trade unions.
The new rate, effective today, applies to ME Bank’s Super Members Home Loan (SMHL) Standard Home Loan and follows the <a href="/news">Commonwealth Bank cutting its fixed rates last week.</a>
Prior to today's announcement, research by Property Observer found the lowest one-year and three-year fixed rate was being offered by <a href="/news">non-bank lender My Mortgage Freedom at 5.44%.</a>
ME Bank’s five-year fixed-rate home loan has also been cut to 5.99% p.a.
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top">
FIXED RATE TERM  
</td>
<td valign="top">
FIXED RATE 
</td>
<td valign="top">
  COMPARISON RATE* 
</td>
</tr>
<tr>
<td valign="top">
1 year
</td>
<td valign="top">
5.39% p.a.
</td>
<td valign="top">
6.21% p.a.
</td>
</tr>
<tr>
<td valign="top">
3 year
</td>
<td valign="top">
5.39% p.a.
</td>
<td valign="top">
6.05% p.a.
</td>
</tr>
<tr>
<td valign="top">
5 year
</td>
<td valign="top">
5.99% p.a.
</td>
<td valign="top">
6.18% p.a.
</td>
</tr>
</tbody></table>
“Economic uncertainty has driven down the cost of funding for fixed home loans and as part of ME Bank’s fairer approach to banking we’ve passed on this saving to our customers – members of industry super funds and unions,” explained ME Bank chief executive Jamie McPhee.
“For people experiencing financial uncertainty, a fixed rate provides the assurance their repayments will not fluctuate over the period of the term they choose."
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ME Bank cuts one- and three-year fixed rate to 5.39% 

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Mirvac’s legal battle to get coal mining magnate Nathan Tinkler to meet an industrial land sales contract has been deferred to a September 18 NSW Supreme Court hearing.
Mirvac, through its Domaine Steel River entity, is suing Tinkler's private companies Ocean Street Holdings and guarantor Buildev Group after they failed to pay for the industrial land in Newcastle.
The companies agreed to buy an industrial site the Newcastle from Mirvac in July last year for $14 million but declined to settle after the NSW government rejected his plans for a fifth coal export terminal at Mayfield.
Tinkler then missed a court ordered September 1 deadline to pay Mirvac, prompting Mirvac to lodge a contempt of court order to sequester his assets.
The case went to the NSW Supreme Court yesterday but was deferred to September 18 to give Tinkler’s lawyers time to prepare their defence.
In a statement Mirvac said: “There is no change to the intentions of Mirvac's Domaine Steel River to pursue its rights against Tinkler's Buildev Group to ensure that effect is given to earlier court orders and for the contract of sale to be completed.”
A spokesperson for Tinkler declined to comment on the matter.
Tinkler was estimated to have a personal fortune of $915 million according to the BRW Rich List released in May.
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Mirvac’s legal battle with Nathan Tinkler over Newcastle industrial land sale deferred to September 18

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Unit and townhouse prices in Brisbane increased by 3.8% over the June quarter to a median of $402,500 but sales volumes fell as some buyers awaited stamp duty changes that kicked in on July 1, according to new figures published by the Real Estate Institute of Queensland (REIQ).
The strong quarterly performance means unit prices are now down just 1.5% on a year ago, with a 12-month median price of $399,000.
The REIQ noted an increase in the number of high-end unit sales in Brisbane city and city-fringe suburbs, which it says “augurs well for confidence levels amongst buyers”.
It also noted an  increasing number of first-home buyers and investors in the market (these two groups are unaffected by the July 1 stamp duty changes) compared with owner-occupiers over the June quarter.
There was a mixed bag of results for inner-city suburbs, which are the focus of a wave of new apartment projects, with around 40 in various stages of development and construction.
In the Brisbane CBD, where Harry Triguboff’s Meriton group is building Brisbane’s tallest residential tower, the 81-level Infinity tower featuring 546 apartments, prices climbed 37.2% to a median $532,500 to be down only 0.5% year-on-year
In Hamilton, site of Devine and Leighton Holdings $500 million Hamilton Harbour mixed-use development along the northern banks of the Brisbane river, unit and townhouse prices were up nearly 10% over the quarter to a median of $445,000 – down 0.4% year-on-year.
Also along the northern banks of the Brisbane River, Newstead unit prices rose 57.6% over the quarter to a median of $750,000 due to a high number of waterfront properties. Year-on-year they are down nearly 13%.
In neighbouring New Farm, apartment prices rose nearly7% to a median of $510,000 but are down 4.8% year-on-year.
However, over the quarter, median prices fell in 6.4% in Fortitude Valley ($379,000), 17.1% in the West End ($487,000) and 16.7% in another development hub, Woolloongabba ($400,000).
<table border="0" cellpadding="0" cellspacing="0" width="394">
<colgroup>
<col width="175">
<col width="73">
<col width="73" span="2">
</colgroup>
<tbody>
<tr height="68">
<td height="68" width="175">Locality</td>
<td width="73">Median Sale Mar12</td>
<td width="73">Qtrly change</td>
<td width="73">1yr change</td>
</tr>
<tr height="16">
<td height="16">BRISBANE</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr height="16">
<td height="16" width="175">BRISBANE CITY (LGA)</td>
<td>$402,500</td>
<td>3.8%</td>
<td>-1.5%</td>
</tr>
<tr height="16">
<td height="16" width="175">ANNERLEY ~ * t</td>
<td>$350,000</td>
<td>-13.6%</td>
<td>-2.5%</td>
</tr>
<tr height="16">
<td height="16">AUCHENFLOWER ~</td>
<td>$477,500</td>
<td>32.6%</td>
<td>-2.9%</td>
</tr>
<tr height="16">
<td height="16" width="175">BRISBANE CITY ~ *</td>
<td>$532,500</td>
<td>37.2%</td>
<td>-0.5%</td>
</tr>
<tr height="16">
<td height="16">BULIMBA ~</td>
<td>$497,000</td>
<td>-7.5%</td>
<td>0.4%</td>
</tr>
<tr height="16">
<td height="16">CALAMVALE ~</td>
<td>$365,000</td>
<td>17.7%</td>
<td>0.0%</td>
</tr>
<tr height="16">
<td height="16" width="175">CAMP HILL</td>
<td>$387,750</td>
<td>1.4%</td>
<td>-10.1%</td>
</tr>
<tr height="16">
<td height="16" width="175">CARINA</td>
<td>$447,500</td>
<td>-2.5%</td>
<td>1.2%</td>
</tr>
<tr height="16">
<td height="16" width="175">CARSELDINE * t</td>
<td>$410,000</td>
<td>20.2%</td>
<td>0.3%</td>
</tr>
<tr height="16">
<td height="16" width="175">CHERMSIDE *</td>
<td>$368,000</td>
<td>5.9%</td>
<td>-10.3%</td>
</tr>
<tr height="16">
<td height="16" width="175">CLAYFIELD * t</td>
<td>$355,750</td>
<td>-3.5%</td>
<td>7.6%</td>
</tr>
<tr height="16">
<td height="16">COORPAROO</td>
<td>$345,000</td>
<td>-3.6%</td>
<td>-3.4%</td>
</tr>
<tr height="16">
<td height="16" width="175">EAST BRISBANE ~</td>
<td>$424,500</td>
<td>15.5%</td>
<td>-6.7%</td>
</tr>
<tr height="16">
<td height="16">EIGHT MILE PLAINS</td>
<td>$350,000</td>
<td>6.1%</td>
<td>-9.1%</td>
</tr>
<tr height="16">
<td height="16">EVERTON PARK ~ *</td>
<td>$455,000</td>
<td>3.4%</td>
<td>-9.1%</td>
</tr>
<tr height="16">
<td height="16">FORTITUDE VALLEY *</td>
<td>$379,000</td>
<td>-6.4%</td>
<td>3.9%</td>
</tr>
<tr height="16">
<td height="16" width="175">GREENSLOPES</td>
<td>$331,000</td>
<td>3.4%</td>
<td>-5.6%</td>
</tr>
<tr height="16">
<td height="16" width="175">HAMILTON * f</td>
<td>$445,000</td>
<td>9.9%</td>
<td>-0.4%</td>
</tr>
<tr height="16">
<td height="16" width="175">INDOOROOPILLY</td>
<td>$374,000</td>
<td>-8.8%</td>
<td>6.0%</td>
</tr>
<tr height="16">
<td height="16" width="175">KANGAROO POINT ~</td>
<td>$495,000</td>
<td>25.8%</td>
<td>-12.5%</td>
</tr>
<tr height="16">
<td height="16" width="175">KEDRON ~</td>
<td>$440,000</td>
<td>27.4%</td>
<td>14.5%</td>
</tr>
<tr height="16">
<td height="16" width="175">KELVIN GROVE *</td>
<td>$472,500</td>
<td>18.1%</td>
<td>5.1%</td>
</tr>
<tr height="16">
<td height="16">MOOROOKA * t</td>
<td>$398,750</td>
<td>11.7%</td>
<td>-0.5%</td>
</tr>
<tr height="16">
<td height="16" width="175">MORNINGSIDE</td>
<td>$460,000</td>
<td>10.8%</td>
<td>4.1%</td>
</tr>
<tr height="16">
<td height="16">NEW FARM</td>
<td>$510,500</td>
<td>6.9%</td>
<td>-4.8%</td>
</tr>
<tr height="16">
<td height="16" width="175">NEWMARKET *</td>
<td>$407,000</td>
<td>3.9%</td>
<td>-9.5%</td>
</tr>
<tr height="16">
<td height="16" width="175">NEWSTEAD ~ * f</td>
<td>$750,000</td>
<td>57.6%</td>
<td>-12.9%</td>
</tr>
<tr height="16">
<td height="16" width="175">NUNDAH ~ *</td>
<td>$345,250</td>
<td>1.8%</td>
<td>-7.7%</td>
</tr>
<tr height="16">
<td height="16" width="175">SOUTH BRISBANE ~</td>
<td>$433,500</td>
<td>1.3%</td>
<td>5.9%</td>
</tr>
<tr height="16">
<td height="16" width="175">SPRING HILL</td>
<td>$392,000</td>
<td>5.2%</td>
<td>-0.6%</td>
</tr>
<tr height="16">
<td height="16">ST LUCIA ~ *</td>
<td>$480,000</td>
<td>9.1%</td>
<td>9.7%</td>
</tr>
<tr height="16">
<td height="16" width="175">TARINGA ~</td>
<td>$393,000</td>
<td>-20.0%</td>
<td>22.8%</td>
</tr>
<tr height="16">
<td height="16">TENERIFFE ~ * f</td>
<td>$580,634</td>
<td>8.5%</td>
<td>0.0%</td>
</tr>
<tr height="16">
<td height="16" width="175">TOOWONG</td>
<td>$438,000</td>
<td>8.7%</td>
<td>8.8%</td>
</tr>
<tr height="16">
<td height="16" width="175">WEST END * f</td>
<td>$486,800</td>
<td>-17.1%</td>
<td>0.8%</td>
</tr>
<tr height="16">
<td height="16" width="175">WOOLLOONGABBA *</td>
<td>$400,000</td>
<td>-16.7%</td>
<td>6.7%</td>
</tr>
<tr height="16">
<td height="16" width="175">YERONGA</td>
<td>$410,000</td>
<td>8.6%</td>
<td>-1.6%</td>
</tr>
</tbody>
</table>
Source: REIQ
~ Medians affected by varying quality of stock sold * Medians affected by varying quantities of new properties sold f Medians affected by varying numbers of waterfront properties sold t Medians affected by varying numbers of townhouse/villas sold - Due to the nature of properties in this suburb, some group titled property sales have been omitted
The stamp duty concession provides a concessional stamp duty rate of 1% up to a value of $350,000, with stamp duty charged at normal rates for the remaining value of the home purchase.
However, there may be an artificial lull in the number of first-home buyer purchasing new apartments in the final months of 2012 depending on when the state government new $15,000 handout for new home purchase kicks-in. The government has plans to scrap the $7,000 first-home owner grant.
“As was the case with the house market, there was reduced unit and townhouse sales activity over the June quarter as many buyers waited for the return of the stamp duty concession on 1 July,” REIQ chief excecutive Anton Kardash says.
“However, as first-home buyers and investors were unaffected by the stamp duty change, these buyers were more prominent over the June quarter.
“Given the affordability of units and townhouses, as well as their often more central locations, first-time buyers and investors often compete for this type of property, which may be partly responsible for the increases in median prices we experienced over the period.”
 
 
 
 
 
 
</body></html>

Brisbane unit prices up 3.8% in sluggish June quarter but mixed-bag of results for apartment development hotspots: REIQ

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Joel Robinson

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

[smartcode_project:default project_id=139989 project_image_fid=350986]

The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

A rooftop pool and spa overlooking the Brisbane CBD, private dining spaces, expansive landscaped gardens and a residents' lounge are set to crown <a href="https://www.apartments.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end-qld-4101">Callista on Park</a>, the final residential building within Brisbane's West Village precinct.

The rooftop amenity collection has been designed as an extension of the lifestyle already established throughout West Village, providing residents with a series of indoor and outdoor spaces that capitalise on the building's elevated position above West End.

A swimming pool and heated spa form the centrepiece of the rooftop offering, surrounded by landscaped gardens developed through a collaboration between developer Sekisui House and ASPECT Studios. The design incorporates expansive lawn areas surrounded by English garden-inspired planting.

[smartcode_project:default project_id=134800 project_image_fid=370648]

Residents will also have access to two barbecue and outdoor dining areas positioned to take advantage of views across Brisbane's skyline, neighbouring Mollison Park, and the surrounding inner-city landscape.

For larger gatherings, the rooftop includes a private dining room centred around a substantial stone island bench, complete with a full kitchen and a 10-seat dining table set beneath four-metre-high ceilings. The space has been designed to overlook both the rooftop gardens and the Brisbane CBD skyline.

A separate residents' lounge provides an additional indoor retreat connected to the broader rooftop amenity offering, creating another space for residents to work, relax or entertain guests.

[smartcode_project:default project_id=134800 project_image_fid=370647]

The attention to detail extends beyond the rooftop.

Upon arrival, residents will enter through a lobby featuring a bespoke ceiling light installation developed in collaboration between Sekisui House and Alcorn Middleton Architecture. The arrival experience is complemented by private resident mailboxes and carefully considered interior finishes designed to reflect the premium positioning of the building.

[smartcode_project:default project_id=134800 project_image_fid=372541]

The amenity offering forms part of Callista on Park, the final residential release within the decade-long transformation of the former Peters Ice Cream Factory site into West Village, one of Brisbane's most established mixed-use communities.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and being delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, Callista represents the most premium residential offering within the masterplanned precinct.

Construction is now entering its final stages, with scaffolding beginning to come down and completion expected in the first quarter of 2027.

Prices for the three-bedroom plus MPR apartments start from just over $2.6 million.

[smartcode_project:default project_id=134800 project_image_fid=351535]

Callista will mark the final opportunity to purchase within West Village, where residents have direct access to more than 35 retail, dining, wellness and medical operators including Harris Farm Markets, Woolworths, Function Well and Goodlife Health Clubs, Metro Arts, and a growing collection of restaurants and cafés.

Located just 800 metres from the Brisbane CBD, the precinct also places residents within walking distance of South Bank, West End's dining scene, riverfront parklands and major public transport connections.

For Sekisui House, which has delivered more than two million homes globally, Callista serves as the concluding piece of the West Village masterplan, bringing together the precinct's heritage character, parkland setting and emphasis on walkability in a final collection of larger-format residences.

[smartcode_project_cta:default project_id=134800]

Rooftop pool, private dining and skyline gardens to crown West Village's final apartment release, Callista on Park

<a href="https://www.apartments.com.au/developments/wahroonga-nsw-2076">Wahroonga</a>’s enduring appeal has long been tied to its balance of bushland, established amenity, and access to some of Sydney’s most respected education and healthcare institutions.

Along Fox Valley Road, that combination is becoming increasingly sought after by buyers looking to remain connected to the Upper North Shore lifestyle while prioritising walkability, wellbeing, and convenience.

Developer Capital Corporation's initial vision of a 62-hectare site on Fox Valley Road was that they could create their own walkable community, bordered by&nbsp;more than 25 hectares of bushland and adjoining Coups Creek.

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="b84917a1-0d75-49b9-888c-ddf7ebfd6692" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEW2026_Wahroonga_Walkway.gif?VersionId=Gk3_xi5ssYfalmwuQQ5umQakddceC31j" />

<a href="https://www.apartments.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a> draws directly on the area’s natural landscape, with walking trails and green corridors linking into sections of Lane Cove National Park. The surrounding network of bushwalks, cycling tracks, and reserves reinforces the suburb’s long-standing reputation as one of Sydney’s most nature-oriented residential pockets, while still maintaining close ties to village retail and transport infrastructure.

The address places residents within minutes of Wahroonga and Turramurra villages, where cafés, local grocers, boutiques, and everyday services support a highly localised lifestyle. Popular nearby venues including The Fox Café and Breeze Valley Café provide easy options for morning coffee or casual dining, while longstanding retailers such as IGA Wahroonga Fresh and Novella Fine Books continue to anchor the area’s village character.

&nbsp;

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="c4a950f7-4f05-4370-b360-b106359788e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2026_Wahroonga_Entry_Gates.gif?VersionId=7n5kh9ymu.azYEYDemJkPgiIAfSw44oj" />

Healthcare access remains one of the defining locational advantages of the estate. Sydney Adventist Hospital, known locally as The San, sits directly adjacent and is one of the largest and most respected private hospitals in New South Wales. The hospital precinct incorporates specialist medical services, radiology, physiotherapy, and outpatient care, contributing to growing buyer demand from downsizers and owner-occupiers seeking long-term convenience and peace of mind.

Research commissioned by Capital Corporation found that health and wellbeing considerations are increasingly influencing downsizing decisions, particularly among buyers wanting to remain within familiar neighbourhoods while accessing medical infrastructure more easily.

Education has also historically underpinned demand across Wahroonga and the broader Upper North Shore. The estate sits close to several of Sydney’s leading private and independent schools, including Knox Grammar, Abbotsleigh, Barker College, Pymble Ladies’ College, Ravenswood School for Girls, and Loreto Normanhurst. Co-educational options including Wahroonga Adventist School and Sydney Adventist School further strengthen the area’s appeal to established families looking for long-term schooling pathways within a tightly held catchment.

[smartcode_project:default project_id=135247 project_image_fid=262183]

Transport connectivity supports the suburb’s liveability without compromising its quieter residential character. Wahroonga and Turramurra train stations provide direct rail access into the Sydney CBD, while the nearby Pacific Highway and M1 motorway strengthen links across the North Shore and broader metropolitan area. At the same time, the heavily treed streetscape and low-density character continue to distinguish the precinct from more urbanised parts of Sydney.

The Residences at Wahroonga Estate forms the first stage of <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a>’s broader masterplanned vision for the precinct, delivered alongside the Seventh-day Adventist Church.

[smartcode_project:default project_id=135247 project_image_fid=364995]

Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, the development integrates landscaped communal spaces including a pet-friendly Green Spine, resident lounge, BBQ pavilion, and direct bushland access, reinforcing the project’s focus on outdoor connection and community-based living.

Now under construction by Gold Star iCIRT-rated builder <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, The Residences at Wahroonga Estate will deliver a collection of one, two, and three-bedroom apartments priced from $990,000, with completion anticipated in 2027.

[smartcode_project_cta:default project_id=135247]

Larry Schlesinger

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