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The recent trend across the regional markets of Australia has seen a clear improvement in the performance of housing across the major centres adjacent to Sydney and Melbourne, as well as rising values in many of the coastal lifestyle markets, according to the latest CoreLogic home value index for October.
Conversely, the report found drought-affected areas have seen a drop in demand for housing with values falling sharply across many of the rural sub-regions associated with crops and grazing.
Mr Lawless said focusing on housing market conditions across the broad value-based cohorts highlights that the market recovery is being led by the most expensive quarter of the market, although values are also rising across the more affordable strata as well, just not as rapidly.”
"Across the combined capital cities, values within the top quartile were up 5.3% over the three months ending October 2019, while the broad middle of the market was up 2.6% and the lower quartile was up 0.7%."
“These ‘macro’ figures are influenced by stronger housing market conditions in Sydney and Melbourne where housing values are inherently higher, however the trends are reflected at a sub-regional level as well,” Mr Lawless said.
Over the three months ending October 2019, the fastest appreciation in capital city home values has been across the top quartile of Melbourne and Sydney where values were 7.1% and 5.9% higher.
The next best performing sectors were also in Sydney and Melbourne, with the broad ‘middle’ of the market recording a 4.6% rise in Sydney and 4.5% rise in Melbourne.
The lower quartile of Sydney and Melbourne dwelling values were the sectors that recorded the third largest rise over the past three months, up 3.2% across Sydney’s lower quartile and 3.8% higher across Melbourne’s lower quartile.
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j.ballantyne1990-6AQqhLzZaK

Sydney and Melbourne property markets take top three spots in recovery: CoreLogic

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There has been a 1.2% rise in national dwelling values over the month, the fourth straight month of rising values, according to the CoreLogic Home Value Index results for October.
The October result was the largest month-on-month gain in the national index since May 2015. The recent gains come after a broad-based decline in housing values, with the national index declining 8.4% between October 2017 and June 2019.
CoreLogic noted that the positive October result takes national dwelling values 2.9% off their June 2019 floor, however values remain 5.7% below their peak, highlighting that despite the recent gains, home values are at a similar level to where they were three years ago.
<img src="https://www.urban.com.au/images/2019/11/1/CL%20Index%20Results%20OCT.JPG" alt="">
 
The strongest growth conditions continue to be centered in Melbourne and Sydney, however dwelling values trended higher across most of the capital cities.
Dwelling values were up across every capital city apart from Perth over the month, and over the past three months, the only capitals where values fell were Perth (-1.7%) and Darwin (-1.2%).
According to CoreLogic research director Tim Lawless, the stronger rebound in Melbourne and Sydney can be attributed to a blend of factors; tighter labour market conditions and stronger population growth relative to the other capitals, coupled with the stimulatory effect of the lowest mortgage rates since the 1950’s, and improved access to credit.
He said Stamp duty exemptions for first home buyers purchasing under specific price points have added additional stimulus to housing demand.
Melbourne housing values have recovered 6.0% since moving through a trough in May 2019, while Sydney values are up 5.3% since the recent May low. 
CoreLogic's October report said, "the downwards trend in Perth and Darwin home values has continued, however both markets are showing an improvement in the trend rate of decline."
"Both cities have seen dwelling values consistently trending lower since mid-2014, with Darwin down a cumulative 31% and Perth values 22% lower."
"Perth is now recording the lowest median house value of any capital city ($451,800) and Darwin house values are a close second with a median of $468,300."
"Unsurprisingly, the Northern Territory and Western Australia are also showing the highest proportion of first home buyer activity, with first time buyers not weighed down by negative equity and with the ability to take advantage of very affordable housing in these regions," it concluded.
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Fourth month of property price growth, up 2.9% since June lows: CoreLogic

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A Curra, Queenland mortgagee home on 5 acres has sold for $330,000.
The sale marks the second consecutive loss on the property since it sold for $380,000 in 2010.
It last sold for $375,000 in 2014.
Peter Olsson of the Professionals marketed the property.
SItuated at <a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-qld-curra-131849254" target="_blank">189 Cliff Jones Road</a>, the house on the property is a three bedroom, two bathroom affair.
Built in 1987, it is located 15 minutes north of Gympie.
The home sold at auction following an unsuccessful 2017 campaign when the vendors sought $450,000 for the property.
<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/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/news">Curra</a> is $327,500 according to CoreLogic.
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Curra, Queensland mortgagee acreage home sold for $45,000 loss

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A Thornlie, West Australia mortgagee home has sold for $310,000.
The house last sold for $455,000 in 2014.
Roger Golos of the Professionals marketed the property.
SItuated at <a href="https://www.realestate.com.au/sold/property-house-wa-thornlie-131737330" target="_blank">4 Lorenzo Street</a>, the abode is comprised of three bedrooms and one bathroom.
Set on 816 sqm, the 1968 built home sold for less than it did in 2010 when it transacted for $373,000.
The property was listed for two years, starting in 2017 when it sought $429,000 before being taken off the market and relisted as a mortgagee sale.
In this latest campaign when offered as a mortgagee sale, the home had an asking price of $339,000.
The house was listed as a rental in 2014 seeking $480/pw.
<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/Subscriber%20strip%20ad.jpg" alt=""></a><a href="https://www.propertyobserver.com.au/administrator/index.php?option=com_content&amp;view=article&amp;layout=edit&amp;id=105990#metadata" data-toggle="tab"> </a>
The median price for a home in <a href="/news">Thornlie, WA</a> is $364,000 according to CoreLogic.
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Thornlie, WA mortgagee home sold for $145,000 loss

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Sydney’s top weekend result was on the lower North Shore at Cremorne where $7.32 million was paid for a four bedroom contemporary home.
Set just above Primrose Park, its vendors Cate and Torod Holst had commissioned Goran Stojanovic of X.PACE Design Group to build the home in 2013.
With filtered views of Willoughby Bay, it sold through Di Jones Lower North Shore who had given a $6 million guide.
The five-bedroom home at <a href="https://www.dijones.com.au/property/house-nsw-cremorne-8p10047/" target="_blank">118 Young St, Cremorne</a> (above) sold $770,000 above reserve to a Chinese-Australian family who postponed a flight to China to be at the auction.
The weekend focus was on the Sydney market with Melbourne's spring racing carnival cutting the volume of auction listings.
Sydney achieved a preliminary clearance rate of 79 per cent across 832 auctions listed, according to CoreLogic figures.
<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/2019/11/4/CoreLogic%20Nov%204.jpg" alt="">
On Saturday there were 672 auctions with 510 results and 404 being sold, with the ensuing 79 percent success rate, the first time below 80 percent since late September.
However the boss of research at SQM Louis Christopher said the fact that the clearance rate hadn't fallen far in a seasonal trend meant Sydney could see dwelling prices match their peak of two years ago by the middle of 2020.
The prediction to the Australian Financial Review was based on clearance rates in the late spring selling season typically falling to the low 60 per cent or high 50 per cent range by November, according to Mr Christopher. In the downturn last year they had fallen into the 40 per cent range.
"This indicates that the market is still strong in Sydney and prices were still rising," Mr Christopher said.
CoreLogic noted the weekend saw 41 percent fewer homes taken to auction across the combined capital cities with the auction activity significantly lower across Melbourne amid the Spring Racing Carnival. 
There were 1,535 capital city homes auctioned, lower than the 2,622 last week and similar to the 1,541 auctions held over the same week one year ago. 
The lower week-on-week activity returned a preliminary auction clearance rate of 73 percent which was lower than last week’s preliminary figure of 75 percent across the higher volumes, which later revised down to 72 percent at final figures.
The dearest house sale in Melbourne was $1.876 million was paid for <a href="https://buxton.com.au/property/139994/39-ray-drive-balwyn-north-vic-3104/" target="_blank">39 Ray Drive Balwyn North</a> (below), according to the REIV.
<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/2019/11/4/39%20Ray%20Drive%20Balwyn%20North.jpg" alt="">
The marketing by Buxton stressed the four bedroom, two bathroom house was in the school zone.
The price guidance had been $1.4 million to $1.5 million.
There was also a 1470 sqm development site at <a href="https://www.llcre.com.au/listing/21310516-6-8-lisbon-street-glen-waverley-vic-3150/" target="_blank">6-8 Lisbon Street, Glen Waverley</a> which fetched $4.98 million.
It was mid-range on the estimate of $4.8 million to $5.2 million given pre-auction by Andy Lou at LLC Real Estate.
There had been a $4.3 million opening bid.
It is likely to become a family home.
Ray White Craigieburn agent Daniel Diamantopoulos sold <a href="https://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGbNY6Z1VkwENXL7gb+DHwWVHGvJAygAogt0PKDf9ueSc=&amp;rh=ff00547abe318663c9132e332043927de369f945" target="_blank" rel="noopener noreferrer">14 Medway Rd, Craigieburn</a> (below) for $560,000 with four active bidders pushing the price to $40,000 over reserve.
<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/2019/11/4/14%20Medway%20Road%20Craigieburn.jpg" alt="">
The vendors has been in the home for 45 years.
"It was also great to see a first home buyer out-muscle a builder and a developer," Diamantopoulos said.
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There were 254 Melbourne homes taken to auction.
</div>
<div>
The lower volume saw the preliminary clearance rate fall, with 73 percent of homes selling after last week’s final auction clearance rate of 75 percent.
Across the smaller auction markets, Canberra was the best performing with a 74 percent  success rate as volumes doubled across the city. 
Adelaide followed with 64 percent of auctions returning a successful result.
The nation's cheapest sale was in Adelaide.
It was a $180,000 sale of a three bedroom house at Elizabeth Downs.
It represented a loss on its last sale in 2009 at $229,000.
The vacated <a href="https://www.propertyobserver.com.au/https://raywhitecraigmore.com.au/properties/residential-for-sale/sa/elizabeth-downs-5113/house/2198231" target="_blank">20 St Leonard Cr, Elizabeth Downs</a> offering was under mortgagee instructions.
"It is in need of fresh paint, up-grading and T.L.C so bring your paint brush, overalls and new ideas," the Ray White agent Dominic Cirillo said.
He also suggested it was an opportunity for property developers, looking to sub-divide &amp; build two or three new dwellings on the 880 sqm holding.
</div>
</div>
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Sydney not slowing down, prices could match peak by 2020: SQM's Louis Christopher

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GUEST OBSERVATION
A plan to provide homeless people with overnight beds and shelter in car parks might sound like a good idea but it does little to solve their problem in the long term.
There are other proven ways we can help those sleeping rough to break out of the homelessness cycle. And Australia certainly has the wealth to back such schemes.
That’s why it’s important to treat homeless and roofless people as more than charity cases.
A bed for the night
The charity <a href="https://beddown.org.au/" target="_blank">Beddown</a> started a two-week trial with Secure Parking to invite people sleeping rough to spend the night on inflatable mattresses <a href="https://www.brisbanetimes.com.au/national/queensland/car-parks-transformed-into-pop-up-accommodation-for-homeless-people-20190927-p52vgt" target="_blank">in a car park in Brisbane’s CBD</a>. It hopes to run similar trials in Melbourne and Sydney.
The mattresses-in-car-parks idea adds to similar charitable models in Australia that include <a href="https://orangesky.org.au/" target="_blank">mobile laundries and showers</a> for people who are homeless, as well as <a href="https://www.sleepbus.org/" target="_blank">buses fitted out with beds</a>.
These charitable endeavours receive almost unanimous <a href="https://www.kidsnews.com.au/humanities/beddown-trial-provides-sweet-dreams-and-a-good-nights-sleep-for-people-experiencing-homelessness/news-story/c1b2924ff9af53125257dc3a4fc036a3" target="_blank">positive attention</a> <a href="https://7news.com.au/news/qld/brisbane-carpark-turned-into-pop-up-shelter-for-the-homeless-is-changing-lives-already-c-502732" target="_blank">from the media</a>.
<a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2017-01-24/young-australians-of-the-year-offer-advice-to-2017-nominees/8208554" target="_blank">Some of the creators</a> of these charities even receive prestigious national awards.
How to really end homelessness
Instead of pop-up beds in car parks and mobile laundries and showers, which all start with the best of intentions, as a society we can and should immediately end homelessness for people sleeping rough.
This is not utopian nor is it unrealistic. We have <a href="https://www.propertyobserver.com.au/https://www.journals.uchicago.edu/doi/pdfplus/10.1086/676318" target="_blank" title="Exiting Unsheltered Homelessness and Sustaining Housing: A Human Agency Perspective">rigorous evidence</a>, based on research with programs in Australia’s capital and regional cities, that demonstrate <a href="https://www.sacredheartmission.org/docman/publications/26-publications-sustaining-exits-from-long-term-homelessness-48-month-evaluation-2015/file" target="_blank">we can permanently end homelessness</a> for people on the streets and those who have experienced chronic homelessness.
The evidence even shows how we can end homelessness for <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/hsc.12835" target="_blank" title="Evidence for an integrated healthcare and psychosocial multidisciplinary model to address rough sleeping">people who are sleeping rough</a>.
The results show between 80% and 90% of people who are supported to exit rough sleeping through <a href="https://www.ahuri.edu.au/policy/ahuri-briefs/what-is-the-housing-first-model" target="_blank">Housing First programs</a> sustain their housing for at least 12 months.
Three things are critical.
The first is assertive street outreach that systematically works to identify and support people to get off the streets. Some models consist of clinicians working in street outreach teams to help overcome the health barriers to people exiting the streets.
Second is the accessibility and availability of long-term and affordable housing. People need to access housing as a tenant, not as a client of a conditional program. The availability of housing is essential to ensure assertive outreach is able to offer people what they need.
Third is a flexible model of integrated social support and health care for people after they are housed. The ongoing support needs to be driven by the tenant, not mandated, and available for as long as required.
Action saves money
When we do not change our systems and practices to enable people sleeping rough to access housing, we waste money responding to the consequences of our failed policy decisions.
<a href="https://theconversation.com/supportive-housing-is-cheaper-than-chronic-homelessness-67539" target="_blank">Australian research</a> using government administrative data showed an average annual saving to government services of A$13,100 per person for ending their homelessness with permanent supportive housing.
When people are housed they use less criminal justice and health services than when living on the streets.
Given the evidence and technical knowledge we have for ending homelessness, it is important to consider whether charity models such as Beddown and others that offer temporary solutions run the risk of adverse unintended consequences.
The uncritical praise and celebration these endeavours attract can let governments off the hook for their responsibility to provide affordable housing to homeless people.
These <a href="https://www.feantsaresearch.org/download/think-piece-12032277176126500690.pdf" target="_blank" title="Charity and Justice: A Reflection on New Forms of Homelessness Provision in Australia">charitable measures can distract from work</a> to permanently end homelessness and they normalise homelessness as a social fact.
Furthermore, <a href="https://www.hpw.qld.gov.au/Housing/PartnershipInitiatives/DignityFirstFund/Pages/default.aspx" target="_blank">some of these models</a> receive direct government funding.
When reflecting on mattresses in car parks for people who are homeless, we need to ask ourselves, can we do better? The evidence shows we can.
A lucky country for some
The Australian government proudly proclaims our <a href="https://www.austrade.gov.au/International/Invest/Resources/Benchmark-Report" target="_blank">28 years of uninterrupted economic growth</a> as a record for developed nations.
<a href="https://www.credit-suisse.com/about-us-news/en/articles/news-and-expertise/global-wealth-report-2018-us-and-china-in-the-lead-201810" target="_blank">Credit Suisse says</a> Australians have the highest median average wealth per adult in the world, ahead of Switzerland.
So we clearly have both the wealth and technical knowledge to end homelessness, particularly for the <a href="https://www.propertyobserver.com.au/https://www.abs.gov.au/ausstats/abs@.nsf/mf/2049.0" target="_blank">estimated 8,200 people</a> the Australian Bureau of Statistics identified as sleeping rough on the 2016 Census night.
Providing mattresses in car parks may make volunteers and the public feel good, but we have to recognise that people who are homeless access this resource as charity recipients, who may feel inferior, especially when they cannot reciprocate.
If we don’t provide enough access to housing, one of the consequences is that people who are homeless become dependent on the goodwill of volunteers who provide bedding and washing facilities.
Rough sleepers need to be seen as people who require housing to enable them to control the conditions of their lives. Charities and their motivated volunteers are well positioned to innovate and push governments to do what they have otherwise been unwilling to do: create housing for all Australians.<img src="https://counter.theconversation.com/content/125235/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;">
Cameron Parsell, Associate Professor, School of Social Science, The University of Queensland.
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/beds-in-car-parks-dont-solve-australias-rough-sleeping-problem-125235" target="_blank">original article</a>.
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Beds in car parks don’t solve Australia’s rough sleeping problem

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Houses that sold for less than their previous purchase price over the June 2019 quarter were typically held by the owner for 5.8 years, according to the latest data from CoreLogic's June quarter Pain &amp; Gain report.
The report found units sold at a loss over the quarter were typically held by their owners for 5.7 years. Conversely, houses sold for a profit had typically been held for 10.0 years and units 8.8 years.
Throughout the combined capital cities, loss-making resales of houses had typically been held for 4.6 years compared to 5.1 years for loss-making resales of units.
Those capital city houses resold for a profit had typically been held for 10.5 years compared to 9.1 years for units.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOLD.JPG" alt="">
Houses sold at a loss in Sydney and Melbourne typically had a much shorter hold period than other capital cities. For units sold at a loss, only those in Hobart and Canberra had a median hold period of less than a decade.
In terms of profit-making resales, the median hold periods for houses were longer in Darwin than they were elsewhere and the shortest in Sydney.
For units, Perth and Darwin once again had much longer median hold periods than elsewhere with Sydney, Melbourne and Hobart having the shortest hold periods.
"The trend towards longer holding time in Perth and Darwin for profit–making resales reflects the ongoing weak housing market conditions of the past decade," the report said.
"In regional Australia, houses resold for a loss were typically held for 7.6 years compared to 9.3 years for those sold at a profit.
"For regional unit markets, the average hold period for resales at a loss (9.2 years) was actually longer than for those resold at a profit (7.5 years).
"For houses resold at a loss, the typical hold period was shortest in regional NSW and regional Victoria and longest in regional SA.
"For loss-making unit resales hold periods were shortest in regional NSW and regional Victoria and longest in regional WA.
"For houses reselling at a profit, typical hold periods were much greater than elsewhere in regional areas of SA and Queensland.
"For units selling at a profit, hold periods were longest in regional SA and regional WA."
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Homes resold at a loss were held 5.75 years on average: CoreLogic Pain & Gain Report

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Data shows that investors continue to be more likely to resell their properties at a loss compared to owner occupiers, according to the latest data from CoreLogics Pain &amp; Gain report for the June quarter.
They found that over the second quarter of 2019, 11.3% of properties that were owned by owner occupiers resold at a loss compared to 17.4% of investment properties.
Across each of the major regions, except for regional Victoria and regional Tasmania, a greater share of investors resold their properties at a loss than owner occupiers.
Throughout the combined capital cities, 11.5% of owner occupier properties that were resold over the second quarter of 2019 resold for a loss compared to 18.1% of investor owned properties.
Click to <a href="https://www.propertyobserver.com.au/images/2019/10/29/Resales%20OO%20vs%20I.JPG" target="_blank">open in new window</a>:
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20OO%20vs%20I.JPG">
In Melbourne (5.0% vs 13.5%), Brisbane (8.3% vs 24.3%) and Canberra (4.6% vs 21.0%) investors were more than twice as likely to resell a property at a loss than owner occupiers during the quarter.
In most of the remaining capital cities, the differential in share of loss-making resales between owner occupiers and investors was fairly small.
Across the regional areas of the country, investors were more likely to resell a property for a loss (15.8%) than owner occupiers (11.1%).
The gap between owner occupied and investor owned properties reselling at a loss was generally quite small.
"Clearly, any property owner will aim to make a profit from the sale of their property," the report said.
"In a falling market owner occupiers may be more prepared to sell at a loss if they are purchasing their next home at an equivalent or greater discount.
"Conversely, investors, because of taxation rules, would seemingly be more prepared to incur a loss because they (unlike owner occupiers) can offset those loses against future capital gains.
"If home values fall, investors may be more inclined to sell at a loss and offset those losses which in turn could result in more supply becoming available for purchase at a time in which demand for housing remains below average due to recent weak conditions and tighter credit availability however, these trends have started to reverse over recent months."
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Investors more likely than owner occupiers to resell property at a loss: CoreLogic Pain & Gain Report

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Over the June 2019 quarter, resales of residential properties in Perth created $834.9 million worth of resale profits which accounted for 5.1% of resale profits nationally, according to the latest data from CoreLogic's Pain &amp; Gain Report.
Their findings showed, Perth also created $166.5 million in loss-making resales accounting for 23.0% of all losses nationally.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20PRTH%201.JPG" alt="">
Peppermint Grove had no resales at a loss over the quarter, while Nedlands was the only other region with less than a quarter of resales at a loss.
The highest share of resale losses were in Perth, Belmont and Bayswater.
Greater Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue, CoreLogic said.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20PRTH%202.JPG" alt="">
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Quarter of Australia's loss-making property resales occurred in Perth: CoreLogic Pain & Gain Report

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Over the June 2019 quarter, resales of Darwin properties generated $25.7 million in profits and $15.6 million in losses, according to the latest findings from CoreLogic's Pain &amp; Gain report.
Based on these figures, Darwin generated 0.2% of national profit and 2.1% of the total value of losses.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%201.JPG" alt="">
Each region of the city has recorded a high proportion of resales at a loss with at least one in two resales over the quarter in Darwin and Palmerston at a loss, while around one in five resales were at a loss in Litchfield.
The share of units resold at a loss recorded a steady rise over the quarter while there was a slight drop in the share of houses resold at a loss.
Click <a href="https://www.propertyobserver.com.au/images/2019/10/29/Resales%20HOB%202.JPG" target="_blank">here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%202.JPG" alt="">
The Pain &amp; Gain report also examined other Australian capital cities like <a href="/news/wa/quarter-of-australias-loss-making-property-resales-occurred-in-perth-corelogic-pain-gain-report">Perth</a> and <a href="/news/tas/hobart-property-resale-losses-remain-low-despite-market-slowdown-corelogic-pain-gain-report">Hobart</a>, as well as trends such as <a href="/expert-insights/investing/investors-more-likely-than-owner-occupiers-to-resell-property-at-a-loss-corelogic-pain-gain-report">investors being more likely to resell property at a loss than owner occupiers</a>.
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50% of Darwin resales made a loss: CoreLogic Pain & Gain Report

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

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Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

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Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

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Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

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Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

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The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Staff reporter

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