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Greater Brisbane’s rental market is slowly changing to favour landlords, with rents rising and yields improving, according to new data from Domain.
The Domain 2019 Rental report found that the extended period of heightened rental supply from 2012 for roughly half a decade appears to be coming to an end.
Tenants will find the rental market is now entering new territory.
Not only will they start to find competition to secure a lease has increased, the choice of available rental stock will be narrowing.
Median weekly rents have already started to climb while the vacancy rate slides.
This turnaround follows almost four years of stagnant rents.
Domain said landlords may start to hike rents as advertised stock dwindles.
For the March quarter, available rentals are at a three-year low.
<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/2019/4/10/brisbane%20.jpg" alt="">
Source: Domain 2019 Rental report 
A three bedroom Petrie Terrace house has been listed for lease with a price of $400 per week (pictured below).
The house at<a href="https://www.realestate.com.au/property-house-qld-petrie+terrace-422931338" target="_blank"> 291 Hale Street</a> comes with high ceilings, polished timber floor, double fireplace in living and kitchen, master bedrooms, two other bedrooms, and alfresco paved area.
It is close to Paddington's shops, cafes, and Suncorp Stadium. 
<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/2019/4/19/petrie%20terrace.jpg" alt="">
A one bedroom Teneriffe apartment has been recently listed for lease with a price of $380 per week (pictured below).
Positioned right on the river, the apartment at <a href="https://www.realestate.com.au/property-apartment-qld-teneriffe-426367870https://www.realestate.com.au/property-apartment-qld-teneriffe-426367870" target="_blank">92/53 Vernon Terrace </a>comes with one bedroom with built-ins, large living area, secure rooftop car space and riverfront pool.
This building is located in the heart of Teneriffe in a garden setting.
<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/2019/4/19/teneriffe.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Brisbane house rents hold at the record high: Domain

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A four bedroom low-set brick house in Calliope, on the outskirts of the Gladstone mining town in Queensland, listed by mortgagees for $269,000 has been sold.
It fetched $230,000 through Bevan Rose from Gladstone Real Estate and took 90 days to sell.
It last sold at $419,000 in 2010.
Situated on a 643 square metre block, the house at <a href="https://www.realestate.com.au/property-house-qld-calliope-130338098" target="_blank">20 Sunpoint Way</a> comes with four bedrooms, two separate living areas, functional kitchen and generous storage.
Other features include air-conditioning in master bedroom and living area, ceiling fans, fresh neutral decor, and double lock up garage.
It has close proximity to Calliope Shopping Complex, education facilities and parks, not far from the Bruce Highway.
The suburb's median house price sits at <a href="/developments/calliope-qld-4680">$245,000</a>, according to CoreLogic.
The company calculates the annual change in median price in the suburb as as going backwards by 4.8% annually over the past decade.
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Price collapse at Calliope, Queensland mortgagee house sale

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Australian household balance sheets are seeing significant shifts that are likely to restrain demand and are a key risk to the domestic outlook, according to Westpac's latest Red Book.
In particular, a prospective ‘wealth effect’ drag on demand stemming from the decline in house prices is a major area of uncertainty. 
Given the importance of this issue, Westpac economists will be providing more regular updates going forward.
For the most part this will be building on previous commentary profiling trends by state, looking at consumer sentiment during previous wealth effect episodes, sizing the current wealth decline, and providing some sensitivity analysis around potential wealth effects.
<img src="https://www.urban.com.au/images/2019/4/18/Redbook%20Wealth%20Effect%201.JPG" alt="">
(Source: Westpac)
The housing correction is starting to have a clearer impact on the household balance sheet.
The total value of dwelling assets fell $270bn over 2018, reflecting both lower prices and slower dwelling completions.
The decline amounts to 40% of annual income and is about half of the peak to trough falls seen in the GFC and 2011-12 correction.
While the overall decline in net worth, including other assets, is a touch milder than our early estimates it has clearly extended into 2019.
Chart 14 shows Westpac estimates of household net worth and savings rates by state updated to Q4.
<img src="https://www.urban.com.au/images/2019/4/18/Redbook%20Wealth%20Effect%202.JPG" alt="">
(Source: Westpac)
Recall that the ‘signature’ of a wealth effect drag is a fall in net worth accompanied by a rise in the savings rate, the latter meaning that spending is growing at a slower pace than incomes.
Also Westpac noted that these estimates are compiled from a range of annual and quarterly benchmarks, and as such should be treated as broadly indicative. 
The latest estimates show larger falls in net worth in NSW and Vic where declines are closer to 60% of annual income. That said, they also show the extent of the prior run up with net worth in both states still well above 2015 levels. 
On savings, the latest data again points to declines concentrated in NSW and Vic consistent with a wealth effect boost to spending rather than a drag. Any hint of a turn in Q1 will be a key pointer to demand.
The Wealth effect has been seen to have supported demand over 2013-17.
Falls in wealth are less likely to impact when the labour market is strong and income growth is firm.
The latest spending detail shows a clear slowing in wealth-sensitive items, slightly more so in NSW, Vic and WA.
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Wealth effect drag appears imminent: Westpac

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Australia’s fifth largest home loan lender, ING, has dropped rates on several fixed home loans by up to 0.19 per cent. 
The rate cuts affect ING’s 2, 3 and 5-year fixed home loans for owner-occupier customers paying principal and interest. 
RateCity data shows almost half of all leaders have cut fixed rates on over 500 products since the beginning of the year.  
Sally Tindall, research director at RateCity.com.au said the move from ING came on the back of fixed rate cuts from three of the big four banks over the last two weeks.  
“Now that CBA, Westpac, NAB and ING have slashed fixed rates in recent weeks, other lenders may be forced to consider cutting their rates to maintain a competitive edge,” she said.  
“In particular, all eyes are on ANZ who currently has the highest 3 and 5 year fixed rates out of the big banks for owner occupiers paying principal and interest.” 
ING fixed rate changes - owner occupier rates principal and interest repayments
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Product
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<td valign="bottom" nowrap>
New rate
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<td valign="bottom" nowrap>
Old rate
</td>
<td valign="bottom" nowrap>
Change
</td>
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<td valign="bottom" nowrap>
2 year - Orange Advantage
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<td valign="bottom" nowrap>
3.59%
</td>
<td valign="bottom" nowrap>
3.75%
</td>
<td valign="bottom" nowrap>
-0.16%
</td>
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3 year - Orange Advantage
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<td valign="bottom" nowrap>
3.64%
</td>
<td valign="bottom" nowrap>
3.83%
</td>
<td valign="bottom" nowrap>
-0.19%
</td>
</tr>
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<td valign="bottom" nowrap>
5 year - Orange Advantage
</td>
<td valign="bottom" nowrap>
3.99%
</td>
<td valign="bottom" nowrap>
4.09%
</td>
<td valign="bottom" nowrap>
-0.10%
</td>
</tr>
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Lowest fixed rates – major banks
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<table border="0" cellspacing="0" cellpadding="0"><tbody>
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<td nowrap>
CBA
</td>
<td nowrap>
Westpac
</td>
<td nowrap>
NAB
</td>
<td nowrap>
ANZ
</td>
</tr>
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<td>
2 year
</td>
<td nowrap>
3.79%
</td>
<td nowrap>
3.79%
</td>
<td nowrap>
3.69%*
</td>
<td nowrap>
3.75%
</td>
</tr>
<tr>
<td>
3 year
</td>
<td nowrap>
3.79%
</td>
<td nowrap>
3.69%*
</td>
<td nowrap>
3.79%
</td>
<td nowrap>
3.99%
</td>
</tr>
<tr>
<td>
5 year
</td>
<td nowrap>
4.09%
</td>
<td nowrap>
4.09%
</td>
<td nowrap>
4.09%
</td>
<td nowrap>
4.19%
</td>
</tr>
</tbody></table>
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*First home buyer special
Lowest fixed rates – low rate lenders
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" nowrap>
2 years
</td>
<td valign="bottom" nowrap>
Mortgage House
</td>
<td valign="bottom" nowrap>
3.57%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
3 years
</td>
<td valign="bottom" nowrap>
Suncorp Bank
</td>
<td valign="bottom" nowrap>
3.49%
</td>
</tr>
<tr>
<td valign="bottom" nowrap>
5 years
</td>
<td valign="bottom" nowrap>
Greater Bank
</td>
<td valign="bottom" nowrap>
3.74%
</td>
</tr>
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ING counters the big banks with its own rate cuts

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The Real Estate Institute of Victoria’s latest data reveals that Nillumbik’s property market is kicking goals so far in 2019 with two of the top three performers located within the municipality.
Revealing the REIV’s median data for the first quarter of 2019, REIV President Robyn Waters said the median house price in Eltham increased 7.3 per cent to $950,000 in the January-March 2019 quarter while Greensborough’s median house price soared 6.0 per cent to $808,000.
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“Melbourne’s Green Wedge Council proved to be our property hot spot for the first quarter of 2019 as the area’s idyllic surrounds and enviable lifestyle boosted house values. You can still get impressive family home with all the bells and whistles in this truly unique area of Melbourne for less than a million dollars,” Ms Waters said.
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“Consistent with 2018 trends, some outer areas continue to do well with Narre Warren South sitting second on the top 10 list for median house price growth with a 7.1 per cent increase, Mulgrave is at number four with a 4.7 per cent increase and Point Cook in fifth place, also with a 4.7 per cent increase.
"Interestingly, we are also starting to see signs of recovery in Inner Melbourne with Glen Iris and Balwyn North making the top 10 this quarter, recording increases of 4.3 per cent and 4.2 per cent respectively.”
<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/2019/4/26/REIV-Melbourne.jpg" alt="">
Overall, Melbourne’s median house price fell 1.4 per cent in the first quarter of 2019 to dipbelow $800,000 at $793,000.
“The market was fairly stagnant in 2018 as vendors resolved to stay put and renovate or extendrather than take their chances on selling in an uncertain market and I think we’ll need to wait until after the Federal Election to see any major change to that climate,” Ms Waters said.
“Looking at the annual picture, the top 10 performers for median house price growth between April 2018 and March 2019 were all in Outer Melbourne demonstrating the popularity of affordable options for families who have their heart set on the ‘great Australian dream’.
In suburbs like Sunbury, Craigieburn and Wollert you can still secure a great family home for $500,000 to $600,000 which is attractive to potential owner-occupier and investors,” Ms Waters said.
<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/2019/4/26/metro-growth-melbourne.jpg" alt="">
There are also more new house and land packages coming online in places like Officer and Clyde North where burgeoning estates have replaced empty paddocks in a relatively short time frame. As a consequence, the necessary infrastructure and community facilities are coming on line in these areas.
Ms Waters said regional Victoria continues to outperform the Metropolitan Melbourne property market with substantial gains of almost 10 per cent recorded in some towns this quarter and a 1.0 per cent increase overall in the median house price.
<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/2019/4/26/Melb-regional-growth.jpg" alt="">
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“Four of the top 10 towns for median house price growth in the March quarter were in the Ballarat area: Redan topped the list with an increase of 9.8 per cent to $357,000, Ballarat East was at seventh with a 4.4 per cent increase to $355,000 just ahead of Soldiers Hill at eight with a 4.3 per cent increase to $485,000 and Brown Hill with a 3.5 per cent increase to$440,000,” Ms Waters said.
“In the 12 months to 30 March 2019, three regional towns reported growth of more than 24 percent: Wonthaggi, Redan and Wendouree which is a resounding endorsement for the propertymarket’s in these areas, given the current cooler climate.
Strong annual growth was also found in Stawell, Bendigo, Irymple, Trafalgar, Mount Clear,Wallan and Maryborough.”
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Inner Melbourne prices still weakening, while regional Victoria edges higher

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Former National Soccer League coach Tony Vrzina has secured $2.7 million from the sale of a vacant office/warehouse building in Hawthorn East. 
CBRE’s Sandro Peluso, Josh Twelftree and Jimmy Tat negotiated the off-market sale of the 31 Hall Street property on behalf of the veteran coach.
Vrzina led Sydney Croatia in the 1990s before coaching Victorian Premier League side Fawkner.
In his coaching career he also led the Melbourne Knights, Preston, George Cross and Bulleen. 
The 460 square metre Hall Street building has been purchased by an investor seeking to capitalise on demand for social infrastructure in the increasingly affluent commercial and industrial precinct by leasing the building to a health-care related tenant. 
“While Hawthorn has always been popular with office tenants and commercial owner occupiers, we expect to see a shift towards more social infrastructure uses in the area,” Peluso said.  
“This will underpin growing interest from medical and child care operators, particularly in light of the growing number of office developments in the area.”  
Peluso noted that the one-time Hawthorn East industrial precinct comprising Hall and Cato Streets had been almost entirely converted to high end office and boutique owner-occupied properties, with 31 Hall Street representing one of the last remaining industrial assets.
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Soccer coach Tony Vrzina kicking goals in Hawthorn East with $2.7 million warehouse sale

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GUEST OBSERVATION
Immigration policy will be a major issue in the 2019 federal election. We know this because immigration has featured significantly at every Australian election since the 2001 “<a href="https://en.wikipedia.org/wiki/Children_Overboard_affair" target="_blank">children overboard</a>” election.
David Marr and Marian Wilkinson argued in their 2003 book, <a href="https://www.smh.com.au/entertainment/books/dark-victory-20030329-gdgiaw" target="_blank">Dark Victory</a>, that willingness to play the race card in relation to boat people was a decisive factor in John Howard’s election victory. For Tony Abbott, “Stop the boats” was a major campaign theme when the Coalition won back government in the 2013 election. The current prime minister, Scott Morrison, rose to prominence as Abbott’s unyielding immigration minister who stopped the boats.
While the <a href="https://theconversation.com/christchurch-attacks-strike-at-the-heart-of-muslims-safe-places-from-islamophobia-113922" target="_blank">events of Christchurch</a> may have cramped the opportunity for the Coalition to run hard on fear, promising to be tough on borders and tough on (Muslim) terrorism, the dog-whistle politics on the issue of refugees and asylum seekers will be there for those wanting to hear it.
For Labor these policy issues have been difficult. It was Kevin Rudd who as PM <a href="https://theconversation.com/no-more-asylum-in-australia-for-those-arriving-by-boat-rudd-16238" target="_blank">declared that those arriving by boat would never be settled in Australia</a>, irrespective of the validity of their claims for protection under the UN <a href="https://www.unhcr.org/en-lk/1951-refugee-convention" target="_blank">Refugee Convention</a>. Labor supported efforts to get children out of detention on Manus Island, but doesn’t want to give the conservatives too much space to convincingly advance a “Labor weak on border security” line.
Humanitarian intake is growing
The Coalition governments of Abbott, Turnbull and Morrison have in fact increased Australia’s annual humanitarian intake significantly. The number has <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview201516/Migration" target="_blank">risen from just over 13,750 to more than 18,000</a> – though the government has not loudly broadcast this fact.
In addition, Abbott in 2015 announced a <a href="https://theconversation.com/australia-ups-its-syrian-refugee-intake-but-what-about-its-own-backyard-47160" target="_blank">one-off intake of 12,000 Syrian conflict refugees</a>. Most of them arrived in 2017, effectively doubling the annual refugee intake in that year.
Australia – and the refugees – coped well, demonstrating the nation’s capacity to significantly increase refugee intakes. <a href="https://theconversation.com/refugees-are-integrating-just-fine-in-regional-australia-101188" target="_blank">Our research</a> with newly arrived Syrian, Iraqi and Afghan refugee families suggests they are settling well in Australia, receiving a warm welcome from locals in the cities and regional centres. Employment and family reunification are their key worries.
Labor’s shadow immigration minister, Shayne Neumann, has flagged a new <a href="https://www.sbs.com.au/yourlanguage/punjabi/en/article/2019/02/12/labor-government-will-replace-new-sponsored-parent-visa" target="_blank">temporary sponsored visa for the parents of migrants</a>. Unlike the current visa, it does not have a cap and it might assist refugees to get their parents to Australia.
Labor has <a href="https://www.alp.org.au/asylumseekers" target="_blank">announced it will increase the annual humanitarian intake</a> of refugees to 27,000 by 2025. It will also abolish <a href="https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/temporary-protection-785" target="_blank">Temporary Protection Visas</a> (TPVs). These visas provide boat arrivals who are found to be refugees the right to stay for only three years with work and study rights and access to Centrelink payments. As Labor argues, this places them “in a permanent state of limbo”.
The Coalition parties have not announced their policy intentions in relation to humanitarian intakes or the rights of asylum seekers, including those who arrived by boat.
At a time when Home Affairs Minister Peter Dutton scans the horizon for new boat arrivals, <a href="https://www.smh.com.au/national/worst-ever-immigration-minister-asylum-seekers-jet-in-under-dutton-s-nose-20190302-p511d8" target="_blank">record number of asylum seekers are arriving by plane</a> under tourist visas. In 2013-14, there were 18,718 asylum applications, including 9,072 boat arrivals. This had increased to <a href="https://thenewdaily.com.au/news/national/2018/12/09/record-number-asylum-seekers-peter-dutton/" target="_blank">27,931 asylum applications, with no boat arrivals, by 2017-18</a>.
<a href="https://images.theconversation.com/files/267995/original/file-20190408-2931-1sgmyyr.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/267995/original/file-20190408-2931-1sgmyyr.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Department of Home Affairs
Each year the Australia government sets the permanent immigration targets. Until recently this was set at 190,00. In practice just <a href="https://www.homeaffairs.gov.au/research-and-stats/files/report-migration-program-2017-18.pdf" target="_blank">162,000 immigrants have been admitted</a> over the past year or so.
A token cut and 2 new visas
In this context Prime Minister Morrison’s announcement that the <a href="https://theconversation.com/slimmed-down-migration-program-has-regional-focus-113847" target="_blank">permanent immigration target will be cut to 160,000</a> is really no change in immigration policy. There is nothing to see here if you dismiss the need to be loudly anti-immigration in the current populist political climate.
The announcement is linked to congestion-busting in the major cities of Sydney and Melbourne. It is accompanied by the <a href="https://www.news.com.au/finance/economy/federal-budget/immigration-cuts-and-regional-visas-to-ease-strain-on-sydney-and-melbourne/news-story/da7de88690966d4c202ab0d372a5b253" target="_blank">introduction of two new visa pathways</a> – the Skilled Work Regional (Provisional) Visa and the Skilled Employer Sponsored Regional (Provisional) Visa – for skilled migrants to live and work in regional areas for five years.
These visas offer the carrot of permanent residency at the end of three years to attract new immigrants to regional Australia. In addition, the budget announced that scholarships to the tune of $94 million over four years would be available to domestic and international students who study there.
Temporary migrants exploited
Most immigration policy debates centre on permanent immigration intakes, particularly of humanitarian immigrants and asylum seekers. Yet annual temporary migrant intakes – international students, <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/rp1617/Quick_Guides/WorkingHoliday" target="_blank">working holidaymakers</a> and temporary skilled workers – are <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/rp1617/Quick_Guides/MigrationStatistics#_Table_2:_Temporary%20_and%20214,583%20Working%20Holiday%20Makers%20on%20417%20and%20462%20Visas" target="_blank">three times greater</a> than the permanent intake. <a href="https://docs.jobs.gov.au/system/files/doc/other/mwt_final_report.pdf" target="_blank">Over 800,000 temporary migrants</a> were in Australia in June 2018.
One key policy issue is the exploitation of temporary migrant workers. The Turnbull government abolished the 457 temporary skilled migration visa because of increasing <a href="https://theconversation.com/457-visa-changes-wont-impact-on-wider-temporary-education-workforce-and-maybe-thats-deliberate-76579" target="_blank">reports of abuse and exploitation by employers</a>.
One <a href="https://apo.org.au/sites/default/files/resource-files/2017/11/apo-nid120406-1162971.pdf" target="_blank">recent survey</a> of 4,332 temporary migrant workers found “increasing evidence of widespread exploitation of temporary migrant workers, including wage theft”. <a href="https://www.mwji.org/highlights/2017/11/14/report-released-wage-theft-in-australia-findings-of-the-national-temporary-migrant-work-survey%20and%20other%20abuses%20of%20workers%20rights" target="_blank">Half of all temporary migrant workers may be underpaid</a>. About one in three international students and backpackers earned $12 an hour or less – about half the minimum wage.
This issue goes not just to the ethics of maintaining a temporary migration program largely premised on migrant worker exploitation. It also resonates with Labor’s <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-05/labors-budget-reply-was-a-careful-pitch-to-voters/10973572" target="_blank">campaign for a living wage and the restoration of penalty rates</a> for workers in response to the low rate of real wage growth in Australia, which constrains consumer demand.
The 2019-20 federal budget allocated extra funding to the Fair Work Ombudsman to bolster enforcement action against employers who exploit vulnerable workers and announced the National Labour Hire Registration Scheme to <a href="https://www.jobs.gov.au/migrant-workers-taskforce" target="_blank">target rogue operators in the labour hire industry</a>. However, the research suggests wage theft is widespread in the small business sector, a key target for tax relief in the budget. It is an area of immigration policy that requires considerably more resources and punch.<img src="https://counter.theconversation.com/content/113557/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;">
Jock Collins, Professor of Social Economics, UTS Business School, University of Technology Sydney
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/dog-whistles-regional-visas-and-wage-theft-immigration-policy-is-again-an-election-issue-113557" target="_blank">original article</a>.
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Dog whistles, regional visas and wage theft – immigration policy is again an election issue

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The Melbourne based chippies and half brothers, Tim, 32, and Mat, 27, (pictured above) think that they will have the upper hand in the 2019 series of House Rules.
There's no bookies taking bets quite yet ahead of Sunday night's premiere, but the duo reckon they have the requisite "background in carpentry and building, along with being able to visualise things before they are put together".
They will be having Tim’s family home, <a href="https://www.realestate.com.au/sold/property-house-vic-thornbury-128700662" target="_blank">a 1950s weatherboard cottage in Thornbury</a> (pictured below) that’s never been seriously renovated, get the makeover.
<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/2019/4/26/thorn.jpg" alt="">
It cost $972,000 last July, having been held in the same family for over 50 years.
The charming double-fronted home, marketed by Nelson Alexander as having a well-maintained interior, comprises an entry foyer, three large bedrooms, central living room leading through to an updated kitchen and meals area.
There's a separate laundry, store room and verandah that overlooks a large rear yard offering plenty of scope and opportunity to expand on the 352 square metre block.
It had been listed with a $900,000 to $990,000 price guide.
This year, six teams won't just renovate, they will be required to innovate.
The six teams will be renovating and styling each other's homes, with the aim of taking out the top prize of $355,000 in the seventh series of the reality renovation show hosted by Joanna Griggs.
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Lisa and Andy 
SA couple Lisa and Andy had been together for 11 years before they got hitched. 
Newlyweds, Lisa, 30, and Andy, 32 have previously renovated a home. The fireman and flight attendant live in Adelaide.
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Mikaela and Eliza
Not so WA renovation rookies, Mikaela, 24, and Eliza, 21, the surfie sisters who have both been ranked among the top 100 female surfers in the world. Their family home is in the Margaret River region.
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Pete and Courtney 
Victorian dance teachers Pete, 32, and Courtney, 31, come with one of the biggest houses the show has ever seen. 
The pair, who live in a huge brown-brick '80s mega-mansion, are no strangers to renovations, having once flipped a three-bedroom apartment in two weeks. They live in the foothills of Victoria’s Dandenong Ranges at Ferntree Gully.
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Shayn and Carly
Sunshine Coast couple Shayn, 33 and Carly, 31 says their family is fast outgrowing the house. 
Civil engineer Shayn, who has worked as a chippie and construction supervisor, and wife Carly actually call it their three-bedroom double-brick "prison".
"It's a small rectangular box with bars on the windows, security screens all over the place and not much light," Shayn says.
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Katie and Alex
The married NSW-based couple Katie and Alex have a little cottage built in the 1880s in NSW’s Southern Tablelands having moved there from the ACT. 
The stay-at-home mum, and midwife, Katie, 29, and Federal Police officer Alex, 32, desire a working kitchen and a master bedroom that doesn't leak at their Gundaroo home.
A derelict warehouse will serve as the first big test for this year’s teams on House Rules.
Season 7 premieres on Sunday April 28 at 6pm.
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Melbourne chippies Tim and Mat expect they can win House Rules 2019

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McGrath Limited's presence on the lower north shore of Sydney has expanded through an agreement to acquire the real estate business owned and managed by John McManus (currently operating as LJ Hooker Willoughby/Artarmon).
Its ASX shareholders were told the total consideration is expected be $2 million.
“We are excited to welcome John back to McGrath where we expect that he will make a significant contribution to our Lower North Shore business,"McGrath CEO Geoff Lucas said.
"John is without doubt an elite performer within our industry, and has an outstanding depth of knowledge with respect to the Lower North Shore market, where he has lived for over 20 years.”
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Mr McManus returns to McGrath having been their No. 1 agent in FY2011, and ranking in their Top 10 for several years.
Mr McManus left the company to become principal and licensee of LJ Hooker Willoughby/Artarmon in January 2014, where he was awarded the title of Top Sales Agent for NSW/ACT in 2018 and No. 1 World Champion Sales Person for their International division.
McGrath Willoughby will be located at 150 Mowbray Road, Willoughby.
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Lucas advised the acquisition was "consistent with our previously announced corporate strategy of maintaining our presence in the lower north shore of Sydney and expanding our rent roll assets organically and by acquisition."
"The company has entered into an agreement to acquire the business and assets, including rent roll, of a real estate business owned and managed by John McManus (currently operating as LJ Hooker Willoughby/Artarmon)," the announcement said.
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McGrath expand on Sydney's lower north shore 

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A Mentone apartment block is set to go under the hammer.
The 320 square metre 39 Venice Street property has a two level building comprising of six apartments.
There are a couple of two bedroom apartments and four single bedroom units and the building is fully leased.
It also has a communal laundry and on-site parking including one lock up garage.
It is located within easy walking distance of Mentone Village shops which includes Coles, Woolworths, banks, and cafes, and transport including Mentone railway station and buses.
Zoned General Residential 3 under the City of Kingston Planning Scheme, the 651 square metre site covers two titles and has 20 metres frontage to Venice Street and nearly 35 metres to Cremona Street.
The property will be sold subject to month to month leases returning a passing rental of $96,072 per annum.
According to marketing agent, Teska Carson Director, George Takis, the property offers an exceptional location for an apartment investment with strong rental upside and the potential for refurbishment to maximise rental returns. 
“The property presents well in a location which is just what you would look for as an apartment site with excellent access to everything,” Takis said.  
“We believe the apartment rentals are currently below market rates and as such offer immediate potential for rental income growth. Most of the tenants have been long term with few if any rental increases for many years.
“This is a region which will continue to benefit from ongoing demand for housing, and particularly apartment living, and so the growth prospects for apartment investors would appear to be very good.”
The property will be auctioned on Wednesday, May 22, at 1pm on site. 
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Fully leased Mentone apartment block set to go under the hammer 

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Staff reporter

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