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Darwin's house prices have been falling for five years and are now 24.1% down from their 2013 peak, according to Domain's latest House Price Report.
The report found, Darwin house prices fell 0.4 per cent over the quarter and 8.7 per cent over the year to $514,876.
Unit prices fell 0.3 per cent over the quarter and 13 per cent over the year to $321,990.
<a href="https://www.propertyobserver.com.au/Darwin's%20house%20prices%20have%20been%20falling%20for%20five%20years%20and%20are%20now%2024.1%%20from%20their%202013%20peak," target="_blank"><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/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
Domain Senior Research Analyst, Dr Nicola Powell said, “Darwin's housing market has been challenged in recent years."
"A recovery in Darwin’s housing market largely hinges on the government’s attempts at boosting the population, jobs growth and an improvement in the availability of housing credit,” she concluded.
<img src="https://www.urban.com.au/images/2019/1/23/Domain%20Q4%20Dar.jpeg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Darwin house prices down 24 per cent from 2013 price peak: Domain

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A five bedroom Bar Beach house in Newcastle has been recently sold for $4.25 million. 
It was sold by Anthony Merlo from Dalton Partners in late December.
Set on a landscaped 460 square metre block, the house at <a href="https://www.realestate.com.au/sold/property-house-nsw-bar+beach-130070450" target="_blank">46 Bar Beach Avenue </a>comes with opulent main bedroom on the third level with views.
There are four other bedrooms on the second level, open plan living area, theatre room, covered alfresco area and rear courtyard.
<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/2019/1/10/bar%20beach%202.jpg" alt="">
Other features include solar heated pool, gas heated spa, large gym, glass lift, and glass cellar plus bar area with 2 Vintec wine fridges. 
It had last sold at $800,000 in 2004. 
The suburb's median house price sits at <a href="/developments/bar-beach-nsw-2300">$1.15 million</a>, according to CoreLogic. 
<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/2019/1/10/bar%20beach%203.jpg" alt="">
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Five bedroom Newcastle trophy home sells for $4.25 million

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GUEST OBSERVATION
If you’ve been in central Brisbane recently, you will know there is a new visitor in town. <a href="https://www.brisbanetimes.com.au/politics/queensland/hundreds-of-electric-scooters-appear-on-brisbane-streets-20181116-p50ghq" target="_blank">Lime e-scooters have popped up all over the CBD</a> and neighbouring suburbs. It’s early days for this new mobility provider, so we can’t say if this is a permanent fixture with certainty, but here’s a transport research team’s view on the Brisbane trial and its implications.
Transport disruption makes life difficult for policymakers and transport agencies. Queensland at first <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2016-04-21/taxi-drivers-vs-uber-ride-sharing-drivers-face-heftier-penalties/7344300" target="_blank">attempted to deter illegal ride-sharing</a> but then <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2016-08-11/uber-to-be-legalised-in-queensland/7719078" target="_blank">legalised Uber and Ola</a> in response to public demand. E-scooter sharing systems might be just as transformative for people’s travel.
You can download an app, sign up quickly and for only a dollar unlock a scooter, hit the accelerator and zip down the street at up to 25km/h. Scooters can be picked up and dropped off on footpaths throughout the central city. They offer low-cost travel and produce low carbon emissions.
Previously, North American cities, such as San Francisco and Washington DC, were inundated with e-scooters. In response, some cities banned e-scooters outright, others used regulations to control the new players.
The trial in Brisbane is helping the city and state see if it works and <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-12-23/the-rules-around-scooter-sharing-in-australia/10639170" target="_blank">determine an appropriate regulatory approach</a>. Lime was initially given a “<a href="https://www.theaustralian.com.au/national-affairs/state-politics/scooters-given-a-temporary-weekend-pass-in-brisbane/news-story/f81f9d19fd99327923077337d009a6b4" target="_blank">temporary pass in Brisbane</a>”, allowing up to 500 e-scooters. As long as riders wore helmets (either provided by Lime and attached to each scooter, or bring-your-own) and rode them responsibly, there would be no problem.
Kudos to the Queensland transport minister and his department for being the first in Australia to allow a trial and, more recently, for improving the regulation of these operations. Well done also to Brisbane City Council for allowing the trial in the central business district and working with Lime on the roll-out. It was especially helpful that the council’s contract with its bikeshare operator did not prevent e-scooters from competing for riders.
When you take off on one of these e-scooters, it is liberating. If you’ve used a kick scooter before, even as a child, these new versions are relatively intuitive to ride. The electric motor means Brisbane’s hills are suddenly no problem. A trip from our South Bank campus across the river and through the botanic gardens to connect to a downtown meeting took six minutes and cost just over $3.
No other mode of transport would compete in terms of either time or cost for such trips, unless you bring your own bike or e-scooter with you into town. <a href="https://www.brisbanetimes.com.au/politics/queensland/lime-wants-to-roll-out-more-scooters-on-brisbane-streets-20181204-p50k1c" target="_blank">Thousands of residents and tourists are using the e-scooters</a> in Brisbane each day. Our sources tell us over 100,000 users have made over 300,000 trips since the mid-November launch.
There are <a href="https://www.brisbanetimes.com.au/politics/queensland/fractures-and-head-injuries-scooter-crashes-becoming-a-regular-occurrence-20190120-p50shv" target="_blank">reports of injuries from falling off the scooters</a>. This highlights a need to take it easy your first few trips, to look for problems on any scooter you hire and to wear your helmet.
So what are the problems?
Our observations this last couple of months suggest user behaviour has changed. Some unruly behaviours we saw in the first few days seem have given way to new social norms.
Parking behaviour is also improving. Riders cannot lock the scooter (and stop paying for it) in locations where it might cause a nuisance, such as on the main green bridges. They are both encouraged to park out of harm’s way and forced to submit a photograph of their parking attempt. Park poorly a few times and Lime will suspend your account.
<iframe src="https://www.youtube.com/embed/zOMYOBBRtM8?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
Lime itself emphasises the need to ride safely and follow the rules.
There are some issues though. The guidance provided to riders about where you can legally ride, whether on the departmental website, news media, the system app or its website, is at times missing, contradictory or just confusing. Fixing that should be easy enough.
Brisbane has not built much bicycle infrastructure in the last five decades, a few notable bridges and riverside paths aside. Nor have we reduced local street speeds to 30km/h, as is now standard European practice. There aren’t obvious safe routes to use when scootering through parts of the central city.
Fixing these issues will be more challenging, but quiet non-polluting e-scooters are clearly preferable to a city centre clogged with cars.
What are the best regulatory options?
Lime has proven these systems work well in Australian cities. But key regulatory questions remain. North American cities are introducing various regulatory systems. These include:
<ul>
<li>permits (often awarded via tender)</li>
<li>maximum fleet sizes</li>
<li>vehicle regulations – especially maximum speeds</li>
<li>go/no-go zones</li>
<li>parking controls</li>
<li>high fees to pick up and impound scooters that operators fail to collect.</li>
</ul>
Our city managers have to decide what options they prefer.
We have five suggestions.
1. There is no need for scooters in Australian cities that have more power or go faster than the current Lime scooters. The decision to choose 25km/h seems appropriate at present. Restricting speeds to 10km/h, as previous laws did in Queensland, would be nonsensical.
2. E-scooter systems are likely a natural monopoly, or perhaps duopoly. This is because one needs many scooters from the same operator available across a wide area to ensure efficiency in operations, keep costs low and provide wide coverage for users.
Brisbane City Council is talking of a probable monopoly, awarded via tender. This is the approach used since the city’s first tram operations in the 1880s. If Australian cities do award monopoly rights we hope they adopt Santa Monica’s use of a levy on the operator that is hypothecated towards improving the city’s bike lanes and bike paths, to create more safe riding space.
3. We recommend scooter parking locations be designated in key locations, such as close to Brisbane’s Queen Street mall, difficult as this will be given the competition for space on the city’s narrow streets and footpaths.
4. Cities should enter into meaningful partnerships with scooter companies that include data sharing for research and analysis of overall city transportation. <a href="http://www.goldcoast.qld.gov.au/thegoldcoast/bike-share-43914" target="_blank">Gold Coast’s MoBike scheme</a> is, without much fanfare, the best-used bicycle-sharing scheme in Australia and an exemplar partnership model.
5. These scooters need to be part of the coming move towards subscription mobility services. Soon we are likely to be offered “<a href="https://theconversation.com/for-mobility-as-a-service-maas-to-solve-our-transport-woes-some-things-need-to-change-105119" target="_blank">mobility as a service</a>” and pay one monthly fee to get public transport plus rideshare, bikeshare and scooter-share trips, some car-sharing and maybe some taxi kilometres. Based on the demand seen in Brisbane, e-scooters should be included in these packages.
This regulatory mix would cover most of the <a href="https://theconversation.com/can-e-scooters-solve-the-last-mile-problem-theyll-need-to-avoid-the-fate-of-dockless-bikes-102633" target="_blank">issues raised by others</a>. Get all this right and e-scooters can help create a safer, more sustainable and liveable city with a better set of mobility options.
Benjamin Kaufman, PhD Scholar in Transport, Griffith University and Matthew Burke, Associate Professor, Cities Research Institute, Griffith 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/limes-not-lemons-lessons-from-australias-first-e-scooter-sharing-trial-108924" target="_blank">original article</a>.
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Lessons from Australia’s first e-scooter sharing trial

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Perth house prices are now 11% below the peak price they achieved five years ago, according to Domain's latest House Price Report.
However, despite the price falls, underlying demand is rising with the number of views per listing on Domain recording the largest lift of all the Australian capital cities.
Perth house prices were flat over the quarter but fell 3.3% over the year to $546,281.
Perth unit prices fell 3.1% over the quarter and 2.9% over the year to $351,818.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
Domain Senior Research Analyst, Dr Nicola Powell said: "The early signs of Perth’s housing recovery appeared to have faded by the end of 2018. House and unit prices continue to moderate. House prices are now 11% below the peak price achieved almost five years ago.”
"It’s clear that the more restrictive flow of housing finance is hindering housing activity.”
“The foreign buyer surcharge on residential properties introduced in 2019 could also hinder Perth’s housing recovery, keeping overseas residents in rental accommodation rather than purchasing. A tighter rental market and improved population flows suggests the bottom of Perth's housing market is near. However, a true recovery would be dependent on increased credit availability.”<img src="https://www.urban.com.au/images/2019/1/23/Domain%20Q4%20Per.jpeg" alt="" style="font-size: 12.16px;">
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Perth house prices down 11% from their five year peak: Domain

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McGrath Estate Agents has announced high performing agent and area specialist Jamie Benjamin has joined its company owned sales team at McGrath Castle Hill.
The office services the Sydney’s Hills District, specialising in the key suburbs of North Rocks, Baulkham Hills, Castle Hill, Northmead and Winston Hills.
McGrath has also recruited Tamara Wikaruk who returns to the company after three years elsewhere, and will also focus on key suburbs within the area.
Kon Stathopoulous, head of sales for McGrath’s company owned offices, said it was "always heartening" to welcome back an agent to our company.
“Both Jamie and Tamara will join our existing McGrath Castle Hill team, joining David and Thomas Choy, Maree McCrorie, Elise Lau and Peter and Daniel Pokorny and the remainder of the existing team," he said. 
“This entire region continues to offer enormous potential for growth with a vibant professional community, business and infrastructure. It’s ‘Garden Shire’ appeals to families wishing to raise their children, often in a semi-rural environment and just 30 minutes to the CBD.
“In the last 12 months we have focused heavily on the north-west region, particularly the Hills District and the growth corridors around Rouse Hill that is part of the NSW North West Corridor. In the next few months, the north west will have its first heavy train line with the 52km Metro Northwest connecting Cherrybrook, Castle Hill, Bella Vista, Kellyville and Rouse Hill directly to the CBD.”
This is reinforced in the McGrath Report 2019 that with the rise of Western Sydney, everything is about to change and it means big things for the Western Sydney property market. 
“Billions of dollars in government investment, hundreds of thousands of new jobs and Sydney’s second international airport are set to transform this region and electrify one of our most affordable housing markets,” says John McGrath.
Benjamin (pictured above), a longtime Hills resident, started his real estate career in 2002, and has an impressive track record for outstanding sales success in his local market with extensive knowledge, negotiation and marketing skills.
He comes to McGrath from Harcourts where he achieved numerous accolades since 2010, including No 1 Sales Agent NSW (non business owner) – 2013 to 2018. He was also named in the national Top 5 for Harcourts Australia (2015 to 2018), clocking in No 2 &amp; No 3 in 2015 and 2016.
In discussing the current property market, Benjamin said that sales volumes in the area were down about 20-25% but on the flipside, he believed it provided a great opportunity to upgrade.
“Buyers are primarly locals and most come from a 5-10 km radius, where proximity to the school catchment zone is one of their highest priorities. There are excellent choices for education within the area for primary and secondary schooling, both public and private," Benjamin said. 
“My clients are a combination of first home buyers, families, upgraders and downsizers who are going through the life process.”
Wikaruk agrees and said she is seeing good buyer interest. 
“In the last three weeks of December and prior to returning to McGrath, I sold four properties ranging from $1.08 million to $1.35 million in Castle Hill and Baulkham Hills. To me this shows that people still want to transact... and they will for the right property.
“The last six months as an agent, it has been critical to help vendors understand the shift in the market, and ensure they feel armed with the relevant information. It is equally important for clients to understand my primary focus is to help them through the sales process and get them the best possible result.”
Wikaruk who grew up in the area has hit the ground running in her two weeks with four new listings in Baulkham Hills, Castle Hill, Cherrybrook and Northmead.
“I’m really excited about returning to McGrath. I’ve seen what else is out there, having worked for a couple of other agencies and nothing compares. Their diligence in marketing, compliance and support is outstanding and they are committed to providing the best tools possible to help their agents excel - and the ultimate winner will be my vendors and buyers.”
Jamie is an active member of the local community and sponsors several local school initiatives including the North Rocks Caroles by Candlelight, and the Christ The King Primary School Spring Fair and also their Sporting Teams.
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McGrath signals potential for growth in Hills District

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NAB has caved to funding pressures and hiked home loan rates just months after they said they were keeping their variables rates on hold.
NAB chief Andrew Thorburn said on September 10, “we are listening and acting differently”.
“We need to rebuild the trust of our customers, and by holding our NAB standard variable rate longer, we help our customers for longer,” Mr Thorburn he stated.
NAB is lifting rates by 0.12 per cent for owner occupiers paying principal and interest, and 0.16 per cent for investors and interest only customers, effective 31 January 2019.
The average NAB customer on a discounted variable rate will now pay $25 extra per month, almost $300 annually.
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20rate%20hikes%202.JPG" alt="">
(Source: RateCity.com.au)
RateCity.com.au research director Sally Tindall said, “NAB tried to put their customers first, but it appears profit has won out in the end."
“NAB’s previous decision to keep rates on hold was designed to win back the trust of their customers. It was also a play to get new customers in the door."
“The strategy appears to have worked. In October 2018, NAB surpassed ANZ in terms of home loan market share. They now have the third largest home loan book, according to APRA data."
“Already this year we’ve seen BoQ and Virgin Money hike rates due to cost of funding pressures. Now that NAB has hiked as well, others are likely to follow in its shadow,” she concluded.
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20rate%20hikes.JPG" alt="">
(Source: RateCity.com.au)
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NAB hikes variable rates after saying they wouldn't less than 20 weeks ago

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A NAB survey has forecast Melbourne house prices to fall 7 per cent in 2019, more than the drop expected in Sydney house prices.
Sydney house prices are forecast fall 5.4 per cent in 2019.
The only capital cities forecast to grow in 2019 or 2020 are Adelaide and Hobart.
The NAB survey suggests Adelaide house prices will grow 1.7 per cent in 2019 and 2020 while Hobart house prices grow 1.8 per cent in 2019 and 2020.
In the uncertain market Australians plan to sit tight and <a href="/news/australians-plan-to-sit-tight-and-do-nothing-in-the-2019-property-market-nab-survey">do nothing in the 2019 property market</a>, according to the NAB survey. 
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20sentiment%20outlook%203.JPG" alt="">
On average, consumers expect price falls of ‐2.1% over the next 12 months, according to property professional forecasts in NAB’s latest Residential Property Survey. 
NAB's survey found that New South Wales (‐3.1%) and Victoria (‐2.9%) are expected to lead the way down, with consumers a little less pessimistic than property professionals.  
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
Numerous consumers in VIC (39%) and NSW (37%) anticipate price drops of 5% or more with 16% and 17% respectively also predicting falls of more than 10%.
Click <a href="https://www.propertyobserver.com.au/images/2019/1/24/NAB%20sentiment%20outlook%201.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20sentiment%20outlook%201.JPG" alt="">
 
Tasmania is the only state with positive expectations (2.2%).
“Tasmanians are by far the most positive across states, with almost 1 in 2 people there still expecting a positive price outcome, followed by Queensland at around 1 in 3”, said Mr. Oster.
Interestingly 1 in 5 consumers in New South Wales and Victoria still expect house prices to grow next year.  
Click <a href="https://www.propertyobserver.com.au/images/2019/1/24/NAB%20sentiment%20outlook%202.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20sentiment%20outlook%202.JPG" alt="">
By region the downturn is being driven by expectations for larger falls in capital city house prices (‐2.8%), with smaller falls in rural towns (‐1.0%) and major regional cities (‐0.9%).
Consumers living more than 5km from the nearest town (or the ‘bush’) are on average predicting modest growth of 0.6%.
<img src="https://www.urban.com.au/images/2019/1/24/NAB%20sentiment%20outlook%204.JPG" alt="">
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Melbourne houses set to fall the most in 2019: NAB survey

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Australian consumers are uncertain about the future of the property market, according to the latest consumer survey from NAB.
With Australian house prices continuing to moderate, home owners, investors, buyers and sellers now face a different and for some unfamiliar, property market.
This survey found <a href="/news/melbourne-houses-set-to-fall-the-most-in-2019-nab-survey">Melbourne houses are set to fall the most of any in 2019</a>.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/1/Strip%20ad%20keep%20up%20in%202019.jpg" alt=""></a>
NAB’s Chief Economist, Alan Oster, said “most consumers think now is a good time to renovate their home or buy to live in, but with prices falling across most of the country, not surprisingly they don’t think it’s a good time to sell their home or investment property”.  
<a href="https://www.propertyobserver.com.au/images/2019/1/24/Is%20it%20a%20good%20time%20australia.JPG" target="_blank">Click</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/1/24/Is%20it%20a%20good%20time%20australia.JPG" alt="">
Overall, 1 in 2 Australians said it wasn’t a good time to sell their home or investment property. A much higher number in Western Australia said it wasn’t a good time to sell their home.
“We suspect this is influenced by the fact that some home owners in WA may also be sitting on capital losses” said Mr. Oster.
Over the next 12 months Australians are still most positive about renovating their home and buying a property to live in. 
But Mr Oster said, “overwhelmingly, the majority plan to sit tight and do nothing."
On average, consumers expect price falls of ‐2.1% over the next 12 months compared to ‐2.4% forecast by property professionals that NAB surveyed.   
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Australians plan to sit tight and do nothing in the 2019 property market: NAB Survey

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ASIC has banned Hobart financial planner Matthew Geappen from providing financial services for a period of five years.
ASIC’s concerns related to Mr Geappen’s practice of advising his clients to switch from one insurance product to another which allowed him to generate commissions from insurance providers.
ASIC also had reason to believe Mr Geappen was not adequately trained or competent to provide financial services and was not of good fame or character.
ASIC found that Mr Geappen failed to:
<ul>
<li>act in the best interests of his clients;</li>
<li>give advice that was appropriate; and</li>
<li>give priority to the interests of his clients over his own interests.</li>
</ul>
Mr Geappen was an authorised representative of Financial Wisdom Limited (FWL) from 18 December 2006 to 8 December 2016. He provided financial product advice in respect of superannuation, insurance and income protection products. FWL is a subsidiary of the Commonwealth Bank of Australia. 
Mr Geappen has exercised his right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
ASIC’s action was in response to information it received from the licensee, FWL, regarding concerns relating to Mr Geappen’s advice and advice processes.
The banning of Mr Geappen is part of ASIC’s Wealth Management Project.
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Hobart financial planner banned for five years

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AMP Capital's economist Shane Oliver now envisages the prospect of an even more severe price correction for Sydney and Melbourne.
"For Sydney and Melbourne our base case has been that prices would have a top to bottom fall of around 20% out to 2020.
"However, the further plunge in auction clearance rates and acceleration in price falls late last year suggest a deeper fall possibly of around 25% (although it’s impossible to be precise).
"This suggests around another 15% fall in Sydney and more in Melbourne.
"A 25% top to bottom drop would take prices back to where they were in late 2014/early 2015."
Oliver says while prices in other cities are being affected by credit tightening they were less speculative and so are less vulnerable in 2019.
His new forecast came in a research paper that answered <a href="/expert-insights/buying/how-bad-will-the-housing-downturn-get-shane-oliver-answers-the-burning-questions">11 burning questions</a> about the housing downturn.
"Perth and Darwin have already seen prices fall back to decade ago levels.
"Other capital cities and regional centres generally didn’t have a boom and so are unlikely to have a bust.
"So for the rest of Australia flat prices to modest gains are likely.
"Taken together this suggests a top to bottom fall in national average prices of 10% to 15%, with another 5% to 10% this year," Oliver said.
Oliver said the movements don’t signal a “property crash”, rather a pullback from the inflated levels of the Sydney and Melbourne markets in the five years to 2017, where prices rose by 72 per cent and 56 per cent respectively.
“A 25 per cent plunge in Sydney and Melbourne may seem like a crash but given the extent of the prior gains it’s arguably not.
"But a 25% national average fall would probably be interpreted as a crash.
"Our assessment is that this is unlikely unless we see much higher interest rates or unemployment (neither of which are expected) driving a sharp rise in defaults and forced property sales or a collapse in immigration (which would collapse demand).
"Strong population growth is still driving strong underlying demand for housing."
He says it is unlikely interest rate cuts will quickly end the property cycle downturn as occurred in the 2008 and 2010-12 downswings.
"Rates are already low and debt is much higher," he said.
 
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Sydney and Melbourne property prices could fall 25 percent: Shane Oliver

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

&nbsp;

Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

Joel Robinson

First look: ‘Far more than replacing a shopping centre’ as Conquest unveils 736-home Eastlakes redevelopment

Abadeen has lodged a State Significant Development Application (SSDA) for one of Mosman's largest apartment developments in recent years, seeking approval to transform the former Honeysuckle Garden and Midas site on Military Road into a 100-apartment mixed-use development.

The SSDA, lodged with investment partner Phoenix Property Investors, proposes around $230 million worth of new housing on the prominent <a href="https://www.apartments.com.au/new-apartments/494-516-military-road-mosman-nsw-2088">494-516 Military Road</a> site.

The proposal comes as Mosman Council continues to progress its recently endorsed Masterplan, which identifies the precinct for increased housing density while maintaining the suburb's established character.

Designed by DKO Architecture, the development would comprise 100 apartments above ground-floor retail, with a rooftop wellness precinct including a gym, sauna, entertaining areas and landscaped communal spaces.

Rather than pushing to the full 12-storey height identified in Council's Masterplan, the proposal ranges between five and nine storeys, stepping down towards Hale Road. A tenth level would accommodate resident amenities rather than additional apartments.

The project has been designed to appeal to a broad range of buyers, from first home buyers and young professionals through to families and local downsizers looking to remain on the Lower North Shore.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="5dada03f-5b4c-43ba-ba62-2868add31440" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.57.55%E2%80%AFAM.png?VersionId=7LBy0B.Jo8_iWAFJsClcV7Q3UnXrv49r" />

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock.

"The apartments have been designed as genuine long-term homes, with efficient floorplans that maximise usable living areas, generous storage, natural light and strong connections between indoor and outdoor spaces," Brown says."

"We've focused on creating homes for a broad range of buyers, from first home buyers and growing families through to downsizers who want to remain in Mosman."

The rooftop wellness offering forms a key part of the proposal, with residents set to have access to a gym, sauna, outdoor entertaining spaces, communal dining areas, landscaped gardens and a multi-use recreation court overlooking Sydney Harbour.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="d37c2d6b-583a-4a0f-b7a9-9f46b893d2f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.58.06%E2%80%AFAM.png?VersionId=FPoa5FCm2RtzjhAh2w5FTWJbV6GHfY8D" />

DKO drew heavily on the site's natural and cultural history, undertaking a Connecting with Country process with local Aboriginal Elders to inform the architectural and landscape design.

Senior Associate Matthew Ritchard said the design sought to create a building that responded to both the site's landscape and its cultural significance.

"The architectural language of the project is a deep expression of Connecting with Country, where the materiality and colour palette serve as a bridge between the site's geological history and its future as a residential sanctuary."

The proposal also retains the site's established blue gum tree as the centrepiece of the communal landscaped gardens, while introducing activated retail fronting Military Road to strengthen the connection between Mosman and Cremorne villages.

If approved, the project would deliver 100 new homes within walking distance of shops, public transport, schools and local amenities, adding to the limited pipeline of new apartments on the Lower North Shore.

<h2>Project Snapshot</h2>

Project: Honeysuckle Garden Redevelopment

Address: 494-516 Military Road, Mosman

Developer: Abadeen and Phoenix Property Investors

Architect: DKO Architecture

Lead Architect: Matthew Ritchard

Value: $230 million

Residences: 100 apartments

Key features:

<ul>
	<li>
	Ground-floor retail
	</li>
	<li>
	Rooftop wellness precinct
	</li>
	<li>
	Gym and sauna
	</li>
	<li>
	Outdoor entertaining and BBQ areas
	</li>
	<li>
	Landscaped communal gardens
	</li>
	<li>
	Multi-use recreation court
	</li>
	<li>
	Retained mature blue gum tree
	</li>
	<li>
	Connecting with Country design process
	</li>
	<li>
	Harbour, CBD and Balmoral views from upper-level apartments
	</li>
</ul>

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock

First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman

The wave of apartment proposals sweeping through Mosman shows no signs of slowing, with another major residential development lodged through the NSW Government's State Significant Development pathway.

Developer First Quadrant Properties, which recently completed Willoughby Grounds and has several projects in planning across the North Shore, has unveiled plans for a 63-apartment development on Ourimbah Road, adding to the growing pipeline of projects reshaping one of Sydney's most tightly held harbour suburbs.

The proposal would consolidate nine properties at <a href="https://www.apartments.com.au/new-apartments/40-56-ourimbah-road-mosman-nsw-2088">40-56 Ourimbah Road</a> into a part eight, part nine-storey apartment building, continuing the momentum created by the NSW Government's accelerated planning pathways that have seen several significant developments emerge across Mosman over the past 12 months.

Designed by Doroch Architects, the project would deliver 63 apartments, resident wellness facilities including a gym, pool and sauna, landscaped communal spaces and basement parking, while using recessed upper levels, generous setbacks and extensive planting to reduce the perceived scale of the building.

<img alt="First look: First Quadrant Properties eyes nine-storey Mosman apartment project under State Significant pathway" data-entity-type="file" data-entity-uuid="32ee68e4-141e-4a10-8f83-48e961a5e71e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ourimbah%20Road%2C%20Mosman%20a.png?VersionId=CUeILFc6APlwXPc.iplElbxHvREKwjig" />

Doroch Architects said the building had been designed to reinforce Mosman's established character.

"The building's aesthetic is grounded in the existing residential character of Ourimbah Road and the broader Mosman context," the architect noted in the planning documents submitted to the NSW Government.

The design adopts a contemporary material palette of natural stone, textured concrete and brown concave metal cladding, complemented by integrated planters and deep balconies. The podium incorporates softened curved concrete forms, while increased setbacks have been provided adjacent to the heritage-listed property at 60 Ourimbah Road to create a more sympathetic transition.

The site sits around 330 metres from Mosman Town Centre, placing it within the NSW Government's Low and Mid-Rise Housing policy area, where increased residential density is being encouraged close to shops, transport and services.

The proposal follows a string of major apartment projects lodged or declared State Significant in Mosman in recent months, including Abadeen's 100-apartment Honeysuckle Garden redevelopment on Military Road and several other developments across Awaba Street, Redan Street and Muston Street from the likes of Time &amp; Place, HELM and Prosker Property.

&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Time &amp; Place to take on Mosman apartment market</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/first-look-abadeen-plans-100-apartments-on-former-honeysuckle-garden-site-in-mosman">First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman</a>

&nbsp;

First look: Another major apartment proposal signals Mosman's development boom

A new State Significant Development Application (SSDA) could reshape a prominent vacant site in Gosford's CBD, with Ming Tian Real Property proposing a mixed-use precinct that combines affordable housing, retail activation and a new public plaza.

The proposal for 43-45 Beane Street and 2 Keevers Lane would deliver a <a href="https://www.apartments.com.au/new-apartments/43-45-beane-street-gosford-nsw-2250">two-building development</a> comprising a 26-storey residential tower and a five-storey affordable housing building above ground-floor commercial space. A key focus of the project is the delivery of dedicated affordable housing alongside new public domain improvements designed to transform Keevers Lane into a more active urban destination.

Designed by <a href="https://www.apartments.com.au/architects/tony-owen-partners">Tony Owen Partners</a>, the development would provide 130 apartments, including 20 affordable housing dwellings managed by a registered community housing provider for at least 15 years. The market housing component comprises 110 apartments across a mix of one, two and three-bedroom residences, while the affordable housing includes six one-bedroom, 13 two-bedroom and one three-bedroom apartment. The proposal also incorporates 416 sqm of ground-floor retail, three basement levels accommodating 140 car spaces, 42 bicycle spaces, communal open space and extensive landscaping.

<img alt="First look: Ming Tian Real Property plans landmark affordable housing tower for Gosford city centre" data-entity-type="file" data-entity-uuid="9b858791-9060-4ee7-9178-44cb9e640a85" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Beane%20Street%20b_0.png?VersionId=_jbY0mqPEs7.jBZxozR7d6T4u85FoPmb" />

The affordable housing component has been distributed across both buildings, with four apartments located within the main tower and a dedicated five-storey building delivering a further 16 affordable homes. The project also includes 12 adaptable apartments and 24 dwellings designed to Silver Level Liveable Housing Guidelines.

The architectural design draws inspiration from Indigenous storytelling.

"The design is based on the indigenous motif of the Rainbow Serpent," Tony Owen Partners said in the Design Verification Statement.

"The Rainbow Serpent is a traditional totem of coastal eastern Australia. It represents natural forces, creation, change, and rebirth and is often associated with bodies of water. This motif can be seen in the undulation of the balconies rising on the building," Tony Owen Partners said in the Design Verification Statement.

Beyond the residential offering, the proposal seeks to revitalise the surrounding public realm, particularly Keevers Lane.

"The ground floor streetscape includes a commercial and dining precinct which will significantly improve the amenity of the area. This strategy transforms a currently inhospitable laneway into a thriving centre of urban renewal and day and night time activation to compliment the new adjoining UNC facilities," the architects said.

<img alt="First look: Ming Tian Real Property plans landmark affordable housing tower for Gosford city centre" data-entity-type="file" data-entity-uuid="36b0ca6b-af15-424c-81db-9f3049c07b0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Beane%20Street%20podium.png?VersionId=QCAv7bCitrg3zIGZUHI2z_HR8qVfKbp1" />

The Environmental Impact Statement notes that the project aims to "improve the provision of diverse housing options within Gosford City Centre, enhancing the mixed-use precinct by delivering high quality residential development, whilst concurrently providing a diverse range of housing choices through the provision of affordable housing, which is in growing need within the Gosford City Centre."

The site occupies approximately 2,070 sqm in the Gosford city centre, around 250 metres from Gosford Railway Station and within walking distance of Gosford Hospital, Mann Street's retail precinct and the University of Newcastle's Gosford campus currently under construction. The currently vacant site previously received approval for a lower-scale residential development, with the new proposal leveraging the NSW Government's in-fill affordable housing pathway to increase density while introducing dedicated affordable housing.

First look: Rainbow Serpent inspires bold new Gosford apartment tower

Developer <a href="https://www.apartments.com.au/developers/bottega-property-group">Bottega House</a> has secured council approval for its first Brisbane project - a $270 million luxury residential development on an absolute riverfront site in leafy St Lucia.&nbsp;

The 15-storey project, known as <a href="https://www.apartments.com.au/new-apartments/st-lucia-by-bottega-house-180-macquarie-street-st-lucia-qld-4067">St Lucia by Bottega House</a> , will occupy a prime north-facing site at 178-180 Macquarie Street, directly fronting the Brisbane River in the established inner-west suburb known for its rowing clubs, golf courses and sprawling University of Queensland campus.&nbsp;

St Lucia by Bottega House will feature a suite of amenities including dedicated wellness spaces, a mineral pool and cold plunge. The project has been positioned to attract affluent owner-occupiers seeking high-quality, house-sized apartments.&nbsp;

Bottega House has been set up by co-directors Nick Malloch, Louis Mennes and Craig Marsh.

Malloch said the project drew inspiration from its Brisbane River setting and leafy inner-west surrounds, while responding to the demands of discerning locals looking to transition from freestanding homes into apartment living.&nbsp;

"With an expansive river frontage and lush green surrounds, we knew we had to create something special that reflects the natural beauty of the location while offering residents masterfully crafted homes," said Malloch.&nbsp;

"Our intent was to complement the project's quiet, private setting by introducing residences that offer a calm retreat and sanctuary from the everyday. The result is a harmonious blend of architecture, interiors and amenity that emphasises wellbeing, comfort and beauty without excess."&nbsp;

Malloch added that project consultants had been carefully selected in alignment with Bottega House's commitment to care, quality and attention to detail. The design team includes architects <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, interiors practice <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and landscaping by <a href="https://www.apartments.com.au/architects/urbis">Urbis</a>.&nbsp;

Three-bedroom apartments are expected to start around $5 millio. Selling agents Keenan &amp; Byrne said the pricing strategy for the project was anticipated to achieve upwards of $25,500 per square metre.&nbsp;

The project's development approval this week follows the success of Bottega House's inaugural Queensland project - a 22-storey collection of full-floor sky homes at Broadbeach on the Gold Coast which included the sale of a two-storey penthouse at a record price for a beachside residence.&nbsp;

St Lucia by Bottega House is expected to launch to market in November, with construction anticipated to be completed mid 2029.

[smartcode_project_cta:default project_id=151826]

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