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The Tasmanian north-west coastal market is steady while other regional locations are performing well, according to a recent Herron Todd White (HTW) residential report. 
"Devonport, Ulverstone and Penguin have some confidence," the valuation firm said. 
"Burnie is steady to slightly positive but still could use a few more people."
The report notes that holiday townships such as Bridport, St Helens and Orford are continuing their strong march from 2018 as people continue to seek that beach side holiday home.
A three bedroom home located in seaside resort Orford recently sold for $545,000.
The modern home at <a href="https://www.realestate.com.au/sold/property-house-tas-orford-130631902" target="_blank">12 Nautilus Drive </a>(pictured above) comes with three bedrooms, entertainer's kitchen with adjoining dining and family area, and large deck. 
Other features include secure back yard with plenty of parking, one bedroom teenager retreat or granny flat and single garage. 
It was last sold for $85,000 in 2013. 
"The town to be careful of is George Town as Temco has just announced a review of the ongoing operations of their smelter at Bell Bay," HTW said.
"The result of the review won’t be released until October.
"There are 300 jobs on the line and it is one of two industrial plants the town has been historically dependent upon." 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/10/george%20town.jpg" alt="">
A three bedroom brick veneer house in George Town was sold for $139,000 in June. 
Sitting on a large level block, the house at <a href="https://www.realestate.com.au/sold/property-house-tas-george+town-130142482" target="_blank">5 Jacobs Avenue </a>(pictured above) comes with three bedrooms, one bathroom a and small garden shed. 
It is within easy walking distance to the sports grounds and the IGA supermarket. 
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j.ballantyne1990-6AQqhLzZaK

Regional Tasmanian holiday homes performing well: HTW residential 

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GUEST OBSERVATION
People experiencing homelessness and poor mental health are among Australia’s most vulnerable citizens. Without secure housing and an accessible mental healthcare system, recovery from mental illness is seriously compromised.
And the upcoming <a href="https://rcvmhs.vic.gov.au/" target="_blank">Royal Commission</a> into Victoria’s Mental Health System will be judged by how it responds to this crisis of mental health and housing.
In recent weeks, we conducted a <a href="https://www.launchhousing.org.au/site/wp-content/uploads/2019/07/Appendix3_Cooccurentmentalhealthhomelessness.pdf" target="_blank">census of data</a> from the Melbourne-based community agency, Launch Housing, and found 44% of the 2,023 clients were experiencing mental illness. Only half of these clients were receiving support from a mental health service.
Our interviews with these clients show how the Victorian mental health system repeatedly fails this group. Without exception, these clients emphasised the significance of safe and long-term housing to mental health stability and recovery.
One person told us:
"you’re homeless and that’s the most important thing […] your mental state, it’s just got to be put on hold […] you don’t want to go and see anybody about your mental state because you need housing and that’s all you’re really concentrating on: where am I going to sleep tonight?"
People often cycle through the mental healthcare system. This system includes primary health care services, and specialist community based and inpatient services in hospitals. Many then exit this system into homelessness, only to return repeatedly to hospital-based care, and sometimes the prison system.
In Victoria, for instance, more than 500 people are being <a href="http://chp.org.au/five-reasons-why-victorias-mental-health-royal-commission-must-examine-the-role-of-housing-and-homelessness/" target="_blank">discharged from acute mental healthcare</a> each year into rooming houses, motels and other forms of homelessness. And discharging someone into <a href="https://www.aihw.gov.au/reports/homelessness-services/specialist-homelessness-services-2017-18/contents/contents" target="_blank">homelessness</a> is unacceptable.
Tragic consequences
These failures of the mental health and housing systems sometimes lead to tragic consequences.
A review of Launch Housing’s client <a href="https://www.launchhousing.org.au/site/wp-content/uploads/2019/07/Appendix7_Adverseeffectsonclients.pdf" target="_blank">death register</a> shows there were 45 known deaths of current or former clients for the period of June 2018 to June 2019.
Not all deaths are directly attributable to mental health. But of the 45 people who died of different causes in this period, mental health was a contributing factor to many of them. Thirty-seven people had a self-disclosed mental illness and 18 were in contact with mental health services at the time of their death.
These are not new problems, and past reviews of Australia’s <a href="http://www.mentalhealthcommission.gov.au/media-centre/news/national-review-of-mental-health-programmes-and-services-report-released.aspx" target="_blank">mental health system</a> have resulted in missed opportunities for action. Fortunately, there are known solutions.
Here are three steps Australia can take to <a href="https://www.launchhousing.org.au/housing-is-good-mental-healthcare/" target="_blank">significantly improve</a> the mental health of people experiencing homelessness.
1. Sustain rental tenancies
Programs such as those sustaining a rental tenancy when someone has a mental health episode are immensely valuable.
They help households with people who are homeless or at risk of homelessness by providing financial and practical assistance to establish and maintain their private rental tenancies.
With a persistent shortage of affordable private rentals and a gross under-supply of social housing in Victoria, sustaining tenancies is critical.
<a href="https://images.theconversation.com/files/283442/original/file-20190710-44453-1kh594d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/283442/original/file-20190710-44453-1kh594d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Akemi, a Launch Housing tenant who is living with a mental illness, says accessing mental health services while he was experiencing homelessness was virtually impossible. Author provided
2. Improve support from hospital with appropriate housing
During the transition away from hospital after a mental health episode, people should be supported with appropriate housing.
It’s common for adults experiencing homelessness and mental illness to be hospitalised and then discharged without a safe place to live, such as the hundreds of Victorians who left mental healthcare and landed into a form of homelessness.
What’s more, <a href="https://www.ncbi.nlm.nih.gov/books/NBK144194" target="_blank">American research</a> from 2013 into intermediate care for people experiencing homelessness showed that medical respite programs reduce future hospital admissions, inpatient days, and hospital readmissions. They also result in improved housing outcomes.
Medical respite programs provide a supportive, home-like environment and services to people who are at risk of or experiencing homelessness, such as The Sister Francesca Healy Cottage (<a href="https://stvincentsmelbourne.blog/2016/08/03/the-cottage-2/" target="_blank">The Cottage</a>) in Melbourne. Sadly in Australia, such important services are in short supply.
3. Provide permanent supportive housing
Currently, people’s housing needs are “invisible” to the mental health system and there’s a presumption that patients are adequately housed.
So it’s important to boost the number of permanent supportive housing for people experiencing episodes of mental illness, and who are also heavy users of health and criminal justice services, crisis-related homelessness services and emergency housing services.
It also makes financial sense for the Victorian government to evaluate the need for permanent supportive housing.
This was recently shown by the Brisbane Common Ground <a href="https://issr.uq.edu.au/brisbane-common-ground-evaluation" target="_blank">initiative</a>. They found that each year, governments can save more than A$13,000 per person if the chronically homeless had access to secure, long term housing and relevant support services.
Launch Housing provides a Common Ground service in Melbourne, but it warrants expansion, as <a href="https://www.theage.com.au/politics/victoria/lord-mayoral-frontrunner-proposes-lockers-and-housing-in-homeless-plan-20180404-p4z7s5" target="_blank">promised</a> by Lord Mayor Sally Capp in 2018.
The Royal Commission has the opportunity to recognise the research evidence showing homelessness and poor mental health outcomes are connected, and to recommend to the state government solutions that are known to work.
Such recognition will provide the Victorian state government with policies to make housing a feature of a reformed mental health system.
Without a place to live it’s nearly impossible to take care of your mental health needs.<img src="https://counter.theconversation.com/content/119883/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Tony Dalton, Emeritus Professor, Centre for Urban Research, RMIT University
Andrew Hollows, Senior Industry Fellow, RMIT University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/from-hospital-to-homeless-victorias-mental-health-system-fails-the-most-vulnerable-119883" target="_blank">original article</a>.
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From hospital to homeless: Victoria’s mental health system fails the most vulnerable

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There are certainly opportunities in the current 2019 market to pay less than the last price.
But is there really such a thing as buying a bargain when it comes to property? And where are they?
This series of articles looks are specific examples of sale price or asking price falling. 
We take a look at where and if possible why this is happening.  
We came across this property for consideration.
A Tuart Hill, West Australia villa on the border of Joondana has seen it's listing slashed by $110,000 since 2016. 
Originally listed for $299,000 - $339,000, the asking price was reduced 5 times over the course of 2 campaigns which ran through 2016 and 2019.
Simon Pigliardo of Ray White is marketing the listing which is currently priced at $229,000 to $249,000.
Situated at <a href="https://www.realestate.com.au/property-villa-wa-tuart+hill-123424114" target="_blank">3/98 Tyler Street</a>, the villa is one of eight in a small complex.
Set on 64 sqm, it is at the top end of Tuart Hill.
Built in 1978, the property has a history of selling in under two weeks and below the listing price. 
The time the property spent on market during previous campaigns is significantly lower than the current median days on market in Tuart Hill, which is 53 according to CoreLogic. 
When listed for $120,000 in 2001 the property sold in 11 days for $119,000, similarly when last sold in April 2003 after just 5 days on market it sold for $140,000 with an asking price of $147,500.
The trend has continued even in it's most recent sale, the home was listed for just 3 days in December 2003 before transacting for $147,500 despite seeking $152,000.
First listed as a rental in 2011 and 2012, the villa had an asking price of $300/pw and $330/pw respectively.
More recently in January 2017 and February 2018 the property was marketed for rent at $240/pw.
CoreLogic has the median asking rent for Tuart Hill at $300/pw, $55/pw more than what the vendors last sought in February 2019 when the property was listed as a rental for $245/pw.
<img src="https://www.urban.com.au/images/2019/7/10/Tuart%20Hill%202.JPG" alt="">
Property Observer advise that it is up to you to determine if the offering is a truly beneficial bargain.
Remember buying at the bottom of the cycle is fraught – as you can't really precisely pick the bottom nor know just how long until you see some price growth.
Be aware you could be buying a poor quality property in an area with ongoing issues of oversupply of stock.
The oversupply could be also putting downward pressure on rents.
Other price declines could be because the vendor needs a quick sale or paid way over the top on its last purchase chase.
Property Observer suggests property purchasing really does need to be a very well considered proposition with a long term mindset.
As a part of this series, we've already had a look at properties in <a href="/expert-insights/buying/bargain-property-at-mount-eliza-home-at-2-million-discount">Mount Eliza</a>, and <a href="/expert-insights/buying/bargain-property-in-central-geelong-sale-price-dips-after-one-year">Central Geelong</a> and <a href="/expert-insights/buying/bargain-property-in-east-perth-near-new-apartment-makes-150-000-loss">East Perth</a>.
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Bargain Property in Tuart Hill? WA villa listing reduced $110,000 in 3 years

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Joint venture, LEPC9, has lodged its first development application within its master plan-approved site, currently the Nine Network’s headquarters in Willoughby on Sydney’s lower north shore.
The DA includes provision for 40 apartments and associated parking as well as the creation of a public piazza at the corner of Scott Street and Artarmon Road. 
It is being designed by architects of CHROFI, and <a href="/expert-insights/investing/channel-nines-willoughby-hq-site-comes-to-market">the development is being offered to market</a>.
The site received concept approval earlier this year in January 2019 for 460 apartments across ten mid-rise buildings; public piazzas and an extensive publicly accessible open green space.
The DA submission by LEPC9 is the next stage of the approval process while negotiations progress with a number of parties from the expressions of interest process. 
It is projected that construction will commence in 2021.
In the erstwhile Channel Nine will continue to lease the site until a later point next year. 
Colliers International National Director, Development Sites, Residential, Guillaume Volz said despite contrary speculation in the media, demand for the site has intensified and negotiations are continuing with parties on the site well over $220 million. 
“It is a complex project/site and this has resulted in protracted negotiations as parties continue to develop their understanding of this significant trophy site,"
“Market drivers such as the further interest rate cut to 1 per cent by RBA as well as signs of the Sydney market recovering and gearing up for the next cycle, have contributed to the continued strong interest in the site,”Mr Volz concluded.
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Stage 2 DA lodged for Channel Nine's Willoughby headquarters

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Ben Cannon, who was at Ray White, has joined McGrath Estate Agents in its Brisbane office at Bulimba.
Cannon has been an agent for 16 years having worked in the Inner South East of Brisbane for his entire life.
He is a licensed agent and auctioneer. 
Cannon has been ranked an Elite Performer Ray White Group for three recent financial years.
He was ranked in the network's top 2% of agents in Australia.
Ben is joined by fellow property specialist Jade Loch and Gunther Behrendt in his transition to McGrath Bulimba. 
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Ben Cannon quits Ray White for McGrath in Brisbane

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EXPERT OBSERVATION
The Grattan Institute has been caught out contradicting itself in its attempts to undermine the super guarantee.
Despite releasing research only a few weeks ago that claimed increasing the super guarantee to 12 per cent would not ease the burden on the age pension, today they are claiming that an increase will leave workers poorer, because it will reduce the amount they are entitled to through the pension.
Both can’t be true. Not only does one completely contradict the other and make a mockery of the claims, the modelling Grattan relies on to peddle these myths is deeply flawed.
Under their modelling, the effect of the superannuation guarantee on wages, pension indexation and taxation is incredibly overstated, and assumes women, low-income and self-employed workers don’t exist.
They double count salary sacrifice contributions, and overestimate voluntary contributions and the amount of age pension paid.
In short, they are wrong. Industry Super Australia analysis conducted by former senior Treasury official Phil Gallagher found the Grattan Institute’s modelling:
Overestimates the effect of a super guarantee increase on wages, pension indexation and taxation:
1. The Grattan analysis ignores the fact that only 57 per cent of people with employer contributions are likely to receive an increase in superannuation. A significant number of workers either receive contributions higher than 11 per cent, or lower than 7 per cent, meaning an increase from 9.5 per cent to 12 per cent will not affect them.
2. Of 12 million employed people, only 6.1 million are likely to get a rise in super contributions. Exclusions of self-employed, public servants, academics, politicians, people under 18, employees earning under $450 per month and people over 74 impact the population.  It also assumes the Government has taken action on unpaid super when it hasn’t.
Overstates the amount of age pension paid and average life expectancy:
3. The Grattan analysis only includes the single rate pension which is 25 per cent more than a married rate pension for one partner.  Since the majority of pensioners are married, this produces a massive uplift in pension paid and a false conclusion that retirement incomes are more than adequate.
4. Grattan assumes that everyone lives until they are 92, getting far more pension than occurs if there is a distribution of life expectancy.
Overestimates superannuation contributions:
5. The Grattan analysis assumes continuous careers from age 30 to age 67, ignoring the fact that people take time out of the workforce for a range of reasons, most notably for parental leave.
6. There are no women in the model and no-one becomes self-employed in the model. 
7. Grattan double count salary sacrifice contributions and do not represent underpayment of super which affects 30 per cent of employees.
The Grattan Institute had been caught out contradicting itself, making its argument obsolete.
One week they’re claiming an increase in super won’t reduce the age pension, the next they claim people will be worse off because they will miss out on the age pension if they retire with more money.
Both can’t be true. This proves their analysis simply doesn’t stack up. Despite this, they continue to use deeply flawed modelling to peddle incorrect and misleading claims about the superannuation guarantee.
Any attempt to wind back the proposed super increase or freeze it altogether would not only affect Australians’ quality of life at retirement, it would increase the burden of the age pension on the budget.
MATTHEW LINDEN is the Acting Chief Executive of Industry Super Australia
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Grattan Institute contradicts itself on super claims: Industry Super Australia's Matthew Linden

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EXPERT OBSERVATIONS
Geordan Murray, a Senior Economist at HIA, said the home lending figures released by the ABS today show the number of loans to households building new homes grew modestly in May.
Overall housing finance commitments for construction and purchase of new homes grew in the month of May by a modest 2.3 per cent but remain 11.7 per cent lower than the same month last year.
The credit squeeze that emerged from mid-2018 has seen lending for the construction of new homes contract sharply.
This month’s data suggests that these conditions have started to ease.
The improvement in lending in May is stronger than we had anticipated and reflects an increased level of borrowing from first home buyers.
This is the strongest month of borrowing by first home buyers this year.
There has been an improvement in housing market sentiment in the weeks following the federal election.
When combined with the RBA’s rate cuts and easing of APRA restrictions, there is cause to be optimistic that lending activity could improve as the year progresses.
However REIA President Adrian Kelly believes the May 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the number of loans for housing, excluding refinancing, continues to decline, but at a slower rate.
Mr Kelly said, overall the figures for May 2019 show, in trend terms that the number of owner-occupied finance commitments, excluding refinancing, decreased by 0.5 per cent –the twenty first consecutive month of decreases and the lowest since August 2012.
The value of investment housing commitments, excluding refinancing, decreased by 1.5 per cent in May. This is down 27.8 per cent from a year ago and is at its lowest level since March 2009.
The number of loans to first home buyers increased by 0.8 per cent and is the highest since November 2018 whilst the proportion of first home buyers, as part of the total owner-occupied housing finance commitments increased in May to 18.8 per cent from 18.2 per cent in April.
Whilst the total number of finance commitments for May show a continuing, but modest, decline it needs to be remembered that the Federal election was held in the middle of the month with considerable uncertainty regarding the outcome and concern about changes to property taxation and its impact should there be a change in Government. 
With the post election boost in confidence in the real estate market as evidenced by higher levels of enquiry, two cuts in interest rates and changes in APRA’s requirements May will most likely mark the bottom of the lending cycle.
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Conflicting opinions on the strength of housing lending strength: HIA & REIA

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The Sydney suburb of Randwick is set to be host to the highest volume of auctions this weekend.
It has eight properties set to go under the hammer, according to CoreLogic.
Pascoe Vale in Melbourne also has eight properties going to auction, followed by Reservoir, also in Melbourne, which has seven.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 789 currently being tracked by CoreLogic, down from the 953 auctions held last week at final results.
Both Melbourne and Sydney are expected to see a decrease in activity of 17% this week, with 322 homes scheduled for auction across Melbourne, while Sydney is set to host 297 auctions, decreasing on the 388 and 359 auctions held last week respectively.
The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Brisbane where auction volumes are set for an increase.
Total auction volumes are also down on a year ago as this time last year a higher 1,178 homes went under the hammer across the combined capital cities over the same week.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-1.JPG" alt="">
The busy auction weekend in Randwick sees <a href="https://www.realestate.com.au/property-house-nsw-randwick-131374058" target="_blank">36 Cook Street</a> (pictured top) offered for sale.
The classic full brick 1890's Victorian terrace has four bedrooms and two bathrooms.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-3.JPG" alt="">
Another example of the breadth of auctions taking place in Randwick is <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-131416414" target="_blank">3/2 Ethne Avenue</a> (pictured above).
The two bedroom, one bathroom apartment has a price guide of $725,000.
<img src="https://www.urban.com.au/images/2019/7/11/CL%20JULY%2011-4.JPG" alt="">
A third property going to auction in Randwick this week is <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-131361990" target="_blank">5/76 Wentworth Street</a> (pictured above).
The three bedroom, one bathroom villa has a price guide of $620,000 to $670,000.
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Randwick set to be busiest weekend auction hotspot

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New South Wales Premier Gladys Berejiklian has said the government wanted to assure everyone they know there is a problem with building regulation. 
"We know there's a gap in legislation. We allowed the industry to self-regulate and it hasn't worked," she told reporters on Wednesday.
"There are too many challenges, too many problems and that's why the government's moving to legislate."
 Berejiklian spoke after it was revealed that a Zetland apartment block had been evacuated late last year and has sat vacant for the last eight months.
The Garland Lofts complex, comprising 30 warehouse conversion-style apartments, had a number of problems, most notable the waterproofing issues.
Phillip Bartlett, one of the directors of the now liquidated developer Garland 204 Pty Ltd, noted in an issued statement that "an insurance claim was settled."
"I have a legal obligation to comply with the insurers’ requirements," Bartlett continued.
"There were a number of parties involved and I am unable to make any further comment."
The SMH reported today in 2011, the owners' corporation launched a claim against the builder, Garland Builders Pty Ltd, and the joint developers of the project, Garland 204 Pty Ltd and Garland 204 Retail Pty Ltd.
<div class="_1665V undefined">
They settled an insurance claim in March 2018 for $1.7 million, on the condition the insurance company was released from all further liability.
</div>
<div class="_1665V undefined">
A few months later a contractor embarked on $1.2 million worth of repairs, but in August 2018 owners received a letter advising "unanticipated structural and fire defects" had been discovered by the contractor.
In October the new law firm acting for the owners' corporation, Chambers Russell, circulated a letter calling for the "urgent" evacuation of the building which happened in November.
Water damage had "significantly compromised" the corridor and the separations between units, essential for fireproofing the building.
"The structural integrity of the building has also been brought into question," the letter said.
</div>
<div class="_1665V undefined">
"Significant timber decay and steel corrosion may result in premature structural collapse in the event of fire.
<p data-gtm-vis-recent-on-screen-6236702_632="1562803658255" data-gtm-vis-first-on-screen-6236702_632="1562803658255" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">"Experts have unequivocally stated the strata scheme is not suitable for habitation in its current state as it poses a serious risk to the health and safety of all occupants."
At an information night, residents were told that with the newly discovered defects was "likely to be in excess of $5,000,000 and potentially substantially more".
</div>
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Gladys Berejiklian says the government 'know there's a problem' around building regulations

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Rental prices for Sydney houses and units fell over the June quarter and are down year-on-year, the recorded fall broke a 15 year record for annual rental prices in Sydney, according to Domain's latest quarterly rental report.
Sydney unit rents fell by 0.9 per cent in the quarter and 4.5 per cent over the year. Despite this fall, Sydney remains the most expensive capital city to rent a unit by a significant margin. Ongoing strong construction of new housing has weighed on rents, and also contributed to the vacancy rate increasing to 3.2 per cent in June, up from 2.4 per cent one year ago.
Rents held up the best on the Central Coast and on Sydney's north shore, but fell in other Sydney regions. Due to significant property price falls over the past year, rental yields have risen slightly in Sydney.
Domain found, despite experiencing a fall in rental prices, Canberra remains the nation's most expensive capital to rent a house, followed by Sydney. Canberra unit rents have grown 18 per cent over the past three years, despite an apartment construction boom.
Weekly rents for houses in Darwin have now fallen from $700 in 2014 to $490, while Darwin unit rental prices have dropped over the past five years from $570 to $385.
Perth remains the most affordable capital city to rent a house in Australia.
<img src="https://www.urban.com.au/images/2019/7/11/Domain%20q2%20rental%20report.JPG" alt="">
Melbourne
Domain said, "Melbourne house rents fell 2 per cent in the June quarter, but remained unchanged over the year at $430 per week, while unit rents increased by 2.4 per cent over the year. Rent on a typical unit has grown 14 per cent over the past five years to $420,  despite the city's biggest apartment construction boom occurring during this time."
:House rents also increased 13 per cent during this timeframe." "Strong population growth, which has averaged 2.6 per cent a year since 2013, has created ongoing demand for rental properties. Melbourne's vacancy rate remains low, but has increased to 1.7 per cent from 1.3 per cent a year ago." "Over the past year, house rents grew fastest in the Mornington Peninsula and in Melbourne's inner-south, but were unchanged in Melbourne's eastern suburbs. Rents grew by more than 5 per cent in most regional cities over the past year." "Rental yields have risen for houses and units due to significant price falls over the past year."
Brisbane 
Domain researchers said, "rental prices for houses in the Greater Brisbane region fell in the June quarter but remained unchanged year-on-year."
"Unit rental prices were unchanged over the quarter but grew by 2.7 per cent over the year."
"The typical house is now rented at $400 per week and a typical unit $380 per week."
"Unit rentals have held up well in recent years, even as a large supply of new apartments have been built."  "Brisbane's rental vacancy rate fell from 2.6 per cent to 2.2 per cent over the past year, which is a sign of a strengthening rental market." "House rents were steady in most parts of Brisbane over the past 12 months, but unit rents increase 6 per cent in the inner city."
"House and unit rents grew by about 2 per cent on the Gold Coast and the Sunshine Coast." "Rental yields for Brisbane units have risen slightly due to prices falling over the past year, whereas yields for houses have been steady."
Adelaide
According to the report, "house rents in Adelaide fell 1 per cent in the June quarter, but increased by 2.7 per cent over the year. Unit rents increased by 1.7 per cent over the year."
"The typical unit in Adelaide rents for $305 per week, which is the cheapest across all capital cities."
"Adelaide's vacancy rate remains low, and has declined to 1 per cent from 1.2 per cent a year ago." "Rents increased modestly in most parts of Adelaide, but in the north of the city house and unit rents remained flat." "Rental yields have risen modestly for units, but yields for houses have been steady."
Perth
Domain experts wrote, "Rental prices for both Perth houses and units have increased over the past year."
"House rents increased by 4.3 per cent over the year to $365 per week, which is $15 above the low points reached in 2017 and 2018."
"Nonetheless, Perth is still the most affordable capital to rent a house. Unit rents increased by 3.3 per cent in the quarter to reach $310, the highest since 2016." "Over the past 12 months, rents for houses and units increased in all areas of Perth, except for the south east." "In another sign of a strengthening rental market, Perth's rental vacancy rate has declined from 3.8 per cent to 3 per cent over the past year. Perth's rental market is rebounding off the back of an improving Western Australian economy and a pick-up in population growth." "Rental yields have risen for Perth houses and units due to price falls over the past year and rents rising."
Hobart
Domain analysts stated, "Hobart's rental market is under significant pressure. House rents increased by 9.8 per cent over the year, and unit rents increased by 5.6 per cent."
"House rents have now increased from $350 to $450 per week since 2016 (a 30 per cent rise), while units have jumped $80 to $380. Hobart's rental vacancy rate also remains extremely low, at only 0.4 per cent in June 2019 (this means there were only an estimated 110 vacant properties in Hobart on June 30)." "Despite the rapid growth in rents, Hobart still remains quite affordable compared to other capital cities. New housing construction is increasing -- Tasmanian building approvals are 26 per cent higher than the previous year -- which should help slow rental price growth in the coming year." "Rents increased strongly in all parts of Hobart over the past year, but particularly in the south and west parts of the city. Launceston rents also grew by 10 per cent in the past 12 months." "Due to strong property price growth, rental yields only increased modestly for houses and were steady for units."
Canberra
Domain said, "Canberra has retained the title as the most expensive capital city to rent a house."
"Canberra house rents fell 3.5 per cent in the June quarter, but were unchanged over the year at $550 per week, while unit rents increased by 4.4 per cent over the year and now sit at $470."
"Unit rents have now grown 18 per cent over the past three years, which has occurred despite Canberra's ongoing apartment construction boom." "Strong population growth, which has averaged 2 per cent a year for the past two years, has created ongoing demand for rental properties. Canberra's rental vacancy rate remains low, but has increased over the past year to 1.3 per cent (from 0.8 per cent)." "Rents increased in all Canberra districts over the past year, except for house rents in North Canberra, which fell slightly." "Rental yields for Canberra houses and units have risen modestly due to prices falling over the past year."
Darwin
In regards to Darwin, Domain experts stated, "Darwin house rents fell by 2 per cent over the past year, while unit rents fell by 3.8 per cent."
"Weekly house rents have now fallen from $700 in 2014 to $490, while units have dropped from $570 to $385."
"Following strong population growth during the mining boom, Darwin's population has declined, which has meant less demand for rental properties."
"Darwin's vacancy rate has fallen recently, but remains elevated at 3.5 per cent." "Rental yields have fallen for houses but remained steady for units."
Key findings from <a href="https://www.domain.com.au/research/rental-report/june-2019/" target="_blank">Domain's Q2 Rental Report</a>: Houses
<ul>
<li>Despite experiencing a fall in rental prices, Canberra remains the nation's most expensive capital to rent a house, followed by Sydney. </li>
<li>Rental prices for houses in the Greater Brisbane region fell in the June quarter, but remained unchanged year-on-year.</li>
<li>It is more expensive to rent a house in Hobart than Melbourne. Hobart remains the fourth most expensive city to rent a house behind Canberra, Sydney and Darwin.</li>
<li>Weekly rents for houses in Darwin have now fallen from $700 in 2014 to $490, reflecting less demand as the city’s population decreases.</li>
<li>Adelaide house rents continued to rise in the June quarter, with gross yields remaining steady.</li>
<li>Perth remains the most affordable capital city to rent a house in Australia.</li>
</ul>
Units
<ul>
<li>Sydney remains the most expensive capital city to rent a unit, despite prices falling by almost 5 per cent over the year.</li>
<li>Melbourne house rents remained unchanged over the year at $430 per week, while unit rents increased 2.4 per cent over the year. </li>
<li>Brisbane unit rents increased by 6 per cent in the inner city, and by 2 per cent on the Gold Coast and the Sunshine Coast.</li>
<li>While Adelaide unit rents have increased by 1.7 per cent over the year, the typical unit rents for $305 per week, making it the cheapest across all capital cities.</li>
<li>Canberra unit rents have grown 18 per cent over the past three years, despite an apartment construction boom.</li>
<li>Darwin unit rental prices have dropped over the past five years from $570 to $385.</li>
</ul>
</body></html>

Annual Sydney rents fell the biggest amount in 15 years: Domain

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

Staff reporter

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