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A three bedroom 1970s South Hedland, WA home has sold for $130,000.
It had been listed for $150,000 in August 2018 before having the asking price reduced to $140,000.
Last sold in 2006 it traded for $191,000 and was listed just 10 months later in early 2007 for $330,000 before being taken off market.
Situated at 25 Edkins Place, the house on an 818 sqm block comes with three bedrooms plus verandahs in both the front and rear.
Peter Dunning of RayWhite held the listing.
The home was built in 1973.
It has been on the market for rent for the past 10 years where in 2009 to mid 2014 it was listed for upwards of $1,000 a week.
It was recently listed at a $300 a week asking rent, which has been dropped to $250 a week.
Following 2014 however the asking rent fell to $750 and has been hovering around $325 - $390 for the past four years.
<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="">
The median price for a home in <a href="/developments/south-hedland-wa-6722">South Hedland, WA</a> is $190,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -8.9%.
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j.ballantyne1990-6AQqhLzZaK

South Hedland, WA mortgagee house sold for $61,000 loss

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An Auburn, NSW mortgagee house has sold for $199,000 below the initial asking price of $670,000 - $720,000. 
The home which sold March 12 2019 for $521,000, remained on market almost 500 days, through two unsuccessful auctions and four price cuts.
After failing to sell at auction the initial asking price was cut to just $670,000 then $635,000 in July of 2018.
Following another unsuccessful auction in December 2018 the price guide was reduced to $550,000, then $529,00 in January 2019.
Themy Panagiotidis of LJ Hooker held the listing when the property was successfully transacted.
Situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-auburn-129979298" target="_blank">1/52 Beaumont Street</a>, the property is a three bedroom two bathroom house.
Set on 261 sqm the home is located near the Auburn Tennis Club, Rosnay Golf Course, Auburn West primary school and local parklands.
<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="">
The median price for a home in <a href="/developments/auburn-nsw-2144">Auburn, NSW</a> is $875,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7.9%.
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Auburn, NSW mortgagee house sold for $200,000 below initial listing

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Parkmore, a historic 1891 Victorian mansion in Rosebud, the seaside town on the Mornington Peninsula, has finally sold after numerous attempts.
The grand six-bedroom Victorian home at <a href="https://www.realestate.com.au/sold/property-house-vic-rosebud-128521190">741-743 Point Nepean Road </a>sold for an undisclosed price having revised price hopes of $2.6 million to $2.8 million during its most recent sales campaign.
The property passed in at auction last July.
Positioned opposite the beach, last year McEwing &amp; Partners Mornington agent Quentin McEwing saw two bidders compete for the property before it was passed in at $3,175,000.
The heritage listed manor had an initial guide of $2.7 million to $3 million which was amended to a price guidance of $3.2 million to $3.5 million before the auction.
It was listed in 2017 with $3 million to $3.3 million price guidance.

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It last sold at a suburb record $2,825,000 in 2016 when bought by the property developer Robert Kampf.
Directly opposite a long sandy stretch of beach, thehouse comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.
<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/2018/6/4/rosebud%202.jpg" alt="">
Other features include heated swimming pool &amp; spa, fireplaces, sash windows and ducted heating and cooling. 
It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.
<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/2018/6/4/rosebud%203.jpg" alt="">
It is listed by Quentin McEwing and Marcus Gollings from McEwing &amp; Partners Real Estate.
The suburb's median house price sits around <a href="/developments/rosebud-vic-3939">$560,000</a>, according to CoreLogic. 
Rosebud was raked in late 2017 as the cheapest place to buy on the Mornington Peninsula. 
<table>
<thead><tr>
<th rowspan="1" colspan="1"> </th>
<th rowspan="1" colspan="1">
Median house
</th>
<th rowspan="1" colspan="1">
Annual growth
</th>
<th rowspan="1" colspan="1">
5 year growth
</th>
</tr></thead>
<tbody>
<tr>
<td rowspan="1" colspan="1">Dromana</td>
<td rowspan="1" colspan="1">$685,000</td>
<td rowspan="1" colspan="1">18%</td>
<td rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Blairgowrie</td>
<td rowspan="1" colspan="1">$856,000</td>
<td rowspan="1" colspan="1">15%</td>
<td rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Tootgarook</td>
<td rowspan="1" colspan="1">$553,500</td>
<td rowspan="1" colspan="1">16%</td>
<td rowspan="1" colspan="1">86%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Sorrento</td>
<td rowspan="1" colspan="1">$1.3m</td>
<td rowspan="1" colspan="1">30%</td>
<td rowspan="1" colspan="1">92%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Safety Beach</td>
<td rowspan="1" colspan="1">$720,500</td>
<td rowspan="1" colspan="1">16%</td>
<td rowspan="1" colspan="1">81%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Rye</td>
<td rowspan="1" colspan="1">$643,500</td>
<td rowspan="1" colspan="1">18%</td>
<td rowspan="1" colspan="1">87%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Rosebud</td>
<td rowspan="1" colspan="1">$526,000</td>
<td rowspan="1" colspan="1">17%</td>
<td rowspan="1" colspan="1">83%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Portsea</td>
<td rowspan="1" colspan="1">$1.86m</td>
<td rowspan="1" colspan="1">0%</td>
<td rowspan="1" colspan="1">82%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mount Martha</td>
<td rowspan="1" colspan="1">$935,750</td>
<td rowspan="1" colspan="1">19%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mount Eliza</td>
<td rowspan="1" colspan="1">$1.1m</td>
<td rowspan="1" colspan="1">22%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mornington</td>
<td rowspan="1" colspan="1">$805,000</td>
<td rowspan="1" colspan="1">17%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
</tbody>
</table>
Source: Domain Group House Price Report, December quarter 2017 
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Historic Rosebud offering Parkmore finally sold

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A Ravenswood, WA mortgagee land parcel has been sold for $155,000 after 5 years on market.
Last traded in 2011 the land holding traded for $172,500, making this sale a $22,500 loss.
Brad Mercer of Mercer Harries held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-residential+land-wa-ravenswood-202296570" target="_blank">6 Bibbulmun Meander</a>, the land parcel is 782 sqm.
Originally listed for $199,000 plus the listing was slashed four times down to $165,000.
Located central to Pinjarra &amp; Mandurah, it has 17 m of street frontage.
<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="">
The median price for a home in <a href="/developments/ravenswood-wa-6208">Ravenswood, WA</a> is $323,500 according to CoreLogic.
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Ravenswood, WA mortgagee land parcel sold for $22,000 loss

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McGrath Limited has told shareholders that subdued 2019 market conditions have continued to hit its financial profitability.
Trading conditions in March 2019 are currently below expectations, it noted.
The announcement came at 5pm Friday, after the market close when shares were trading at near record lows of 26 cents.
Listed at $2.10 in late 2015, the company share low was 25.5 cents earlier this month, a 52 week low. This morning trading saw shares open at 25 cents. They have dropped to 24 cents in this morning's session.
McGrath's weekend results saw 33 sales and 22 unsold, a total of 55 offerings.
The same weekend last year, albeit without the NSW election distraction, had 167 offerings.
In 2017 it was 140 offerings.
The ASX-listed real estate agency McGrath revealed a further dip in earnings as the company struggles with the housing market downturn. 
“We are disappointed that the real estate sector is facing continued headwinds, exacerbated by the elections, the tighter lending environment and weakening economic conditions affecting our sales business, however our Property Management business continues to perform well,” CEO Geoff Lucas said.
McGrath noted its strong balance sheet position at 28 February 2019, featuring no debt and $14.3m million in cash.
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“The significant reduction in transaction volumes in the real estate sector has continued, however we are seeing signs that sellers are now more prepared to meet the market and interest rates continue to be at historic lows”, he added.
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<a href="/news/mcgrath-estate-agents-reports-a-weak-start-to-2019-sales">McGrath stated last month</a> that the continuing subdued property market had impacted the company’s performance, noting that trading conditions since balance date were below expectations, with generally lower listing volumes and average sale prices.
"The subdued market conditions have continued in the second half with recent market data indicating national dwelling values are continuing to fall and transaction volumes remain more than 20% below the prior year in both Sydney and Melbourne markets. 
"The company also foreshadowed in February 2019 that underlying EBITDA for the second half of FY19 was expected to be impacted by ongoing difficult trading conditions, with external factors including NSW and Federal elections, potentially further impacting performance of the property market and McGrath."
Based on the unaudited management accounts year to date, the company has generated an underlying EBITDA loss for the eight months ended 28 February 2019 of $4.5 million, including the seasonally lower January and February months.
It had been reported the company had suffered a loss of $2 million in earnings before interest tax depreciation amortisation (EBITDA) over January and February.
"Market conditions remain difficult to forecast and if current trends continue, further losses in the final quarter are expected," Lucas noted.
 
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McGrath Estate Agents' dip in earnings worsens

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The recently refurbished and fully-occupied The PC commercial building in CBDRobina has been listed by Robina Group.
The PC is the home of business incubator, Gold Coast Innovation Hub, and Australian travel specialist, Helloworld.
It is a premium three-storey commercial office building, with a net lettable area of 2,11 2sqm is located at 36 Laver Drive in the heart of CBDRobina.
The building has a WALE of 4.4 years and is generating a gross building income of approximately $1 million per annum.
Last year The Gold Coast Hub signed a five-year lease, with two five-year options, for 1,822 sqm of space over three levels, including a fully-equipped event centre seating over 100 people.
Helloworld also moved into The PC, leasing a 290 sqm first floor office on a five-year lease, with a five-year option.
Knight Frank Australia Gold Coast partner and joint head, Mark Witheriff, will handle the sale of The PC in conjunction with Knight Frank Melbourne commercial sales head, Paul Henley, through an offers to purchase campaign, closing 17 April 2019.
Mr Witheriff said he expected strong interest in The PC due to its high-profile status, outstanding tenant profile and recent extensive refurbishment.
The building also includes 64 car parking spaces, comprised of secure basement and street-level visitor bays.
Mr Witheriff also said the entire The PC building was approved by Gold Coast City Council for medical and commercial office use.
Robina Group CEO Hylton Slater said The PC was a further example of the strength of Robina’s office market.
“High-performing commercial buildings with an exceptional tenant profile such as this are tightly-held in CBDRobina and rarely become available for sale, and as such we predict high demand for this asset,” he said.
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The PC Robina office building listed for sale

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The 3.5 star Best Western Zebra Motel in Coffs Harbour has been put on the market. 
CBRE’s James Carrick  has been appointed to sell the coastal city’s 3.5 star largest leasehold motel.
Situated at 27 Grafton Street, on the edge of Coffs Harbour’s CBD, the Best Western Zebra Hotel consists of 46 guest rooms across two levels, 50-seat dining and bar area, two-bedroom manager’s residence and onsite parking for 41 vehicles.
The hotel is being sold on behalf of a local independent operator.
“The current operator has invested significantly in both internal and external improvements, which has been pivotal to the property’s strong patronage and upward income trajectory,” Mr Carrick said.
“The opportunity to operate a quality venue unrivalled in the 3.5 – 4 star market and underpinned by the Best Western brand is expected to ignite strong competitive interest. It is perfectly positioned for an experienced team to reap the benefits of the healthy earning opportunity and coastal lifestyle, with scope for investment style syndicate or funds management group to run under a management model.”
Set on a 3,296 sqm landholding, the motel is within walking distance to all major CBD amenities.
The leasehold is being offered for sale via an expressions of interest campaign closing April 18.
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Best Western Zebra Motel in Coffs Harbour listed

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The recently upgraded 300 Adelaide Street has attracted seven new tenants in the last six months, leasing a total of 1,433sqm within the building. 
Kelly Moon and Simon Petrie from Colliers International were appointed by LSH Property Australia as marketing agents in October last year.
Three tenants that were confirmed this year include Karam Boutique Residential and Lockton Companies taking up 222sqm and 244sqm respectively on level 8; and Aura Wealth taking up 155sqm on level 14. 
The other four tenants that were confirmed in Q4 2018 were Yes Digital who took up up 353sqm on level 18; Mako Gold (156sqm), McLeod Partners (208sqm), and Luppinos Hair Salon (95sqm). 
The lease terms range from 5 to 7 years with rent ranging from $575 to $600 per sqm. Level 8 tenancies were brand new to specification fitouts, while level 14 and 18 will be new fitouts which are currently under construction. 
“The building has undergone an extensive refurbishment to end-of-trip facilities, lobby and amenities on each level which has attracted a lot of tenants who have been in the market looking for space over the last six months,” said Mr Petrie. 
“We have partnered with the LSH Property to create a community of complimentary businesses so they can benefit from each other’s networks.”  
Mr Moon said “We are currently getting good engagement from full and multiple floor tenants who appreciate the value proposition of 300 Adelaide Street. There are also limited part floor options ranging from 115 to 282sqm.” 
Recent upgrades to the building include a hotel style end of trip facility with complimentary towel service and ironing stations, upgraded ground floor lobby and amenities on each level. 
Further services are to be added to the building in the upcoming months through the implementation of a concierge service, online tenant portal and conference and meeting centre on level 4
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Upgraded 300 Adelaide St in Brisbane attracts seven new tenants

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Office values will continue to grow in 2019 following another record year which saw investment in Australian office assets surpass the $20 billion mark for the first time, according to Colliers International’s latest report
In their new Capital Markets Office Investment Review they found, more than $21.9 billion worth of office assets changed hands nation-wide in 2018. 
It's first time that sales volumes have breached the $20 billion mark and the fifth year in a row that sale volumes have been higher than $15 billion.
It is an 15% increase on 2017 investment levels and an 84% increase on the 10-year average. 
Domestic purchasers were the most active in the market, purchasing 51% of all assets by total dollar volume, despite the largest single transaction – Oxford Properties’ buyout of the Investa Office Fund for $3.4 billion in December 2018 – being to a Canadian buyer. 
The report found "institutional investors dominated both selling and buying activity, buying 77% and selling 69% of the total transaction value. Private investors were net sellers of $1.77 billion."
John Marasco, Colliers International Managing Director of Capital Markets, said, "continued strong demand in Sydney and Melbourne, coupled with improving demand fundamentals in Perth, Adelaide and Brisbane, means that we expect ongoing yield compression and rental growth will be the driver for office capital value growth across most markets in 2019."
“We now have $260 billion worth of major transport infrastructure projects under construction or planned across 315 projects in Australia, up from $211 billion across 260 projects only three years ago. This spend is in response to the strong population growth, and will further boost property markets for years to come."
Anneke Thompson, Colliers International National Director of Research, said all markets recorded capital rate compression in 2018, with an average of 20 basis points of prime grade compression recorded across CBD office markets. 
“As at December 2018, we have recorded a remarkable 27 consecutive quarters of cap rate compression, with this compression cycle starting in June 2012."
“What is also notable is in 2018 we recorded the lowest level of compression since mid-2014, indicating that this cycle is nearing its end.” 
 
According to the report, employment gains are getting stronger. 
“The drop in vacancy in Australian office markets, from 9.6% in January 2018 to 8.5% in January 2019, has been a function of both reducing supply and solid demand. There is now 100,000sqm less office space in Australian markets than there was two years ago,” Ms Thompson said. 
“Compare this against a solid jobs market over the same time period – the seasonally adjusted Australian unemployment rate has dropped from 5.8% in December 2016, to 5% in December 2018, which represents an additional 682,000 persons employed – and the supply demand imbalance starts to become clear.” 
“While certain markets, such as Sydney and Melbourne CBD and Metro office markets, still offer investors the opportunity for good income growth over the next two years, the yield compression cycle is seen to be nearing its trough,” Mr Marasco said.
“Vacancy continues to decline in Brisbane and Perth, and the Adelaide CBD in particular saw a record ten CBD sales over $20million in 2018, totalling $902million. Yields in Adelaide remain higher than the east coast markets which has seen significant compression over the past few years. The Adelaide market is expected to remain strong, driven by rental growth, falling vacancies, decreasing incentives and all-time high business sentiment."
“Mergers and Acquisitions was a theme in 2018 and we believe will continue into 2019."
The report found 2019 would also be characterised by the rise of alternative lenders and “borrowing outside the framework”. 
“For office assets or funding requirements that don’t sit neatly within major bank criteria, alternative lenders, such as offshore banks, sovereign wealth funds, family offices, fixed income specialists, life insurance companies and debt funds, are most certainly open for business,” Mr Marasco said. 
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Australian office investment passes $20 billion for first time ever

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There is growing confidence in the Brisbane CBD office market, according to Ray White's latest Between the Lines report.
The report showed that the improved sentiment is being aided by the growth in employment and the rising population helped along by interstate migration.
In their research Ray White showed the vacancy situation had improved, due to both stock withdrawals and strong levels of take-up.
Plus The future saw limited short-term new supply on the horizon and ongoing absorption would ensure the outlook is much brighter than prior years. Ray White Head of Research Vanessa Rader said, “strata sales volumes for 2018 were down 24.25 per cent on previous years for office stock, representing $21.104M, but a large retail transaction saw the total volume up 77.10 per cent to $54.979M."
“This sale was the ground and mezzanine floor at 108 Albert Street, selling for $32M and represented a yield of 5.50 per cent, this included 1,047sq m and five parking spaces.” Ms Rader said the total Brisbane CBD office market had enjoyed a reduction in vacancy in the January 2019 office market report. “Currently recording 13 per cent vacancy (288,999sq m), this is down from 14.7 per cent in July 2018, and 16.2 per cent 12 months ago,” she said. “While withdrawal of stock has been strong over this past year, absorption of stock has rebounded, keeping vacancies further compressed. “Considering vacancy by quality grade, highlights the clear flight to quality which has emerged, but also with affordability in mind. “Increased demand is most notable for A grade stock, currently representing 9.9 per cent, down from 12.8 per cent in January 2018.” Ray White Commercial Queensland Director - Office Leasing Jason Hines said economic indicators for the Queensland market had shown improvement over the second half of 2018, with further progress forecast during 2019. “Interstate migration has swung back to Queensland off the back of improved employment options with a greater volume of the population also seeking the affordable lifestyle that's on offer,” Mr Hines said. “This improved employment has seen office occupation increase slowly, with vacancies now reduced albeit still ahead of their 10-year average rate of 9.6 per cent, which has kept rents steady.” Mr Hines said strata capital values currently averaged $4,550/sq m, this was slightly down (0.68 per cent) on the 2017 result and despite representing the sixth period of decline, the wide range of values gave confidence that an improvement was imminent. “Capital value results has seen an increase in the lower range to $3,200/sq m, while the upper range has grown to $7,200/sq m,” he said. “This highlights the vast quality of stock for Brisbane CBD strata assets and the discount attributed to D grade properties, as well as larger suites. “Small (sub-100sq m) higher grade stock continues to be sought-after by savvy occupiers looking to secure attractive premises for their own businesses. “We expect this level of owner occupier interest to increase throughout 2019, particularly if market fundamentals for the Brisbane CBD continue to improve.”
Some examples of Brisbane CBD office deals include:
<img src="https://lh4.googleusercontent.com/ozeesvh1A8Mh2p0YdbueNi5n0oQUvySqzeJQCIO54lprTKl8xxStZXM4titrV3em9ErZzBxxpjI_eUjpTkuFMW0XY1Ex7C7hZoK9Wbmyu3zk6Cv3Bp8MULnM_8zmMI6skjcSFsia">
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Confidence growing in Brisbane CBD office market: Ray White

<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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