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John Mcgrath has released his top suburb picks for Sydney with the top spot taken by Putney a suburb once dominated by mainly public housing residences.
1. Putney: 
John Mcgrath said, "Once dominated by mainly public housing residences, this charming waterside pocket is one of Sydney’s least known riverfront addresses.
When it goes the way of its sought-after neighbor, Hunters Hill, you’ll be regretting not owning a small piece of it."
An example of the strong Putney market is <a href="https://www.realestate.com.au/sold/property-house-nsw-putney-128012602" target="_blank">310 Morrison Road, Putney</a> (pictured above).
The four bedroom two bathroom home retains a number of features from it's 1920 period construction.
Set on 651 sqm the home was originally listed with a $1.75 million - $1.85 million price guide before being reduced to $1.7 million and eventually selling for $1.6 million in mid August 2018.
However this still marks a $400,000 improvement on it's June 2014 sale price of $1.2 million.
The median price for a house in Putney is $2.275 million, according to CoreLogic data the median price in Putney has increased by 83.8% over just the past 5 years.
<img src="https://www.urban.com.au/images/2019/1/17/Putney%20house%202.JPG" alt="">
A current Putney offering is 54 Frances Road (pictured above), overlooking waterfront parkland and Morrison's Bay.
The four bedroom three bathroom home comes with a price guide of $2.3 million and is slated for a February 16 auction.
Set on 606 sqm the home last sold in 1995, for $318,000.
The home was listed as a rental as recently as May 2017 for $485 per week $365 less than the median rental price in Putney of $850 per week.
Built in 1995 the home is located a short walk to Ferries, Putney village and school, as well as a short drive from Gladesville &amp; Top Ryde shopping centres.
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2. Avalon Beach: 
John McGrath said, "The glorious Northern Beaches continues to offer value to Sydney buyers for a world-class coastal lifestyle."
"Avalon Beach and surrounds is my pick of the available addresses mainly because of the charming retail village which sets it apart."
"Enjoy the Palm Beach lifestyle without the hefty price tag."
3. Maroubra:
John McGrath said, "Like Avalon in the north, Maroubra Beach offers relative value if you’re prepared to travel a few extra minutes to trek into the CBD."
"The heartland of the South Sydney Rabbitohs, this beachside neighbourhood will catch up in time to its slightly more glamorous neighbouring beaches."
4. Earlwood: 
John McGrath said, "This is one of Sydney’s most diverse multicultural communities with Greek, Italian and Lebanese heritage delivering a wonderful vibe to this beautiful garden suburb."
"And with Marrickville shops up the road, you won’t go wanting for great eating options or a strong Turkish coffee or two."
5. Stanmore: 
John McGrath said, "The Inner West continues to attract both upwardly mobile executives and families, as well as downsizing baby boomers looking to move closer to the action."
"Attached cottages, bungalows and now a selection of apartments delivers something for almost everyone within 15 minutes of the city."
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j.ballantyne1990-6AQqhLzZaK

Putney is John Mcgrath's pick for top Sydney suburb of 2019

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Sydney businessman Anton Aldred, scion of the Cementaid International Group family, has paid $3.26 million for a Bowral property.
The property, <a href="https://www.realestate.com.au/sold/property-acreage+semi-rural-nsw-bowral-127931342" target="_blank">Hathaway, on Kimberley Drive</a>, features four bedrooms.
The 0.8ha fenced woodland area at the rear of the property can be accessed via a separate driveway.
It was the Hanning family who sold the 2ha property since they are returning to Mosman.
The family purchased the property in 2007 for $1.8 million, when it took a similar time to sell, according to CoreLogic. 
They had been seeking $3.65 million since March last year.
<img src="https://www.urban.com.au/images/2019/1/18/Hathawat%202.JPG" alt="">
The luxury Bowral trophy home set in Michael Bligh gardens, features a 1994-built homestead.
Set across one level, the home has four bedrooms, a study and separate formal living and dining areas.
The grounds have water features, a solar heated swimming pool, a glass green house and garden shedding.
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Hathaway, Bowral sold for $3.26 million

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The downturn in Sydney’s housing market has been the most pronounced of any capital city in 2018 after it enjoyed the strongest runup in recent years, according to Moody's Analytics latest report
The report found that, house values were down by 7.8% year over year in November, and Moody’s Analytics forecasts further falls in 2019.
Average Sydney home values have fallen 10.1% since their most recent 2017 peak, overtaking the prior peak-to-trough fall of 9.6% notched from 1989 to 1991.
However home values in Sydney remain around 60% higher than they were in 2012.
<img src="https://www.urban.com.au/images/2019/1/14/NSW%20Forecast.JPG" alt="">
Sydney and Melbourne contain approximately 40% of Australian homes and represent approximately 60% of Australia’s housing wealth.
Housing completions for metropolitan Sydney came in at a record high in the year to September, according to New South Wales Housing Monitor.
Meanwhile, building approvals for Greater Sydney were broadly flat against a year earlier, according to the ABS.
Westpac’s consumer sentiment survey suggests that households have adjusted to a new medium-term norm, with only 10% of respondents in the December survey indicating that real estate is the wisest place for savings, the lowest result since 1974.
The authors noted, "a high level of supply has now come on line for apartments in the inner city and surrounding areas as well as dwellings in suburban areas via land releases and removal of some development restrictions. This will contribute to the forecast slowdown in 2018 and 2019."
"House values in the City and Inner South area are forecast to fall further in 2019 following a sharp decline in 2018."
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%205.JPG" alt="">
"The Inner West, which is expected to fall further in 2018, leads the way."
"The Eastern Suburbs and North Sydney are set for an entrenched slump; values are unlikely to recover before 2021," according to the report authors.
By 2020, the correction is forecast to have largely passed, but house value growth will be far from the lofty gains of recent years. Housing values are forecast to rise modestly in 2020. 
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%206.JPG" alt="">
The report forecasts house values in the Central Coast will escape the correction that has engulfed much of Greater Sydney in 2018 and will rise modestly in 2019, building on a 12.5% gain in 2017.
Home values rose 13% in the Outer West and Blue Mountains in 2017, although the housing market has since cooled.
<img src="https://www.urban.com.au/images/2019/1/7/Moodys%20Graph%207.JPG" alt="">
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Sydney's apartment price downtown to turnaround in 2019: Moody's Analytics

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The latest realestate.com.au data shows Surfers Paradise topped the Gold Coast's list of most searched suburbs on the property website.
House hunters searched it 267,709 times in the period from January to November last year.
Southport came in second with 221,455 searches followed by Burleigh Heads (216,466), Broadbeach (211,355) and Palm Beach (194,176).
location and affordability made the suburb so popular.
“I would say we’re the most affordable beachside suburb not only in Queensland but Australia,” Mrs Keegan said.
She said some apartments were listed for as little as $300,000 and with cafes, restaurants and the beach so close, people could not go past it.
“I’d probably say mainly apartments (were searched) because most people would have that postcard picture of Surfers Paradise in their minds,” she said.
“Tourism here is the strongest it’s ever been and I can’t see it slowing down.”
Ray White Prestige Gold Coast agent Sherry Smith believed interstate buyers were driving demand in Surfers Paradise because lifestyle and prices were attracting them.
An example of an apartment in the $300,000 range is 1/34 Monaco Street, Surfers Paradise (pictured above).
Set on 577 sqm, the two bedroom one bathroom apartment sold for $340,000.
Built in 1974 the unit last sold in 2016 for $312,500.
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<img src="https://www.urban.com.au/images/2019/1/17/Surfers%20paradise%202.JPG" alt="">
Another example of this price range in Surfers Paradise is 3/7 View Avenue (pictured above).
The two bedroom one bathroom apartment sold for $295,000 in late December.
Featuring a balcony with glimpses of the water, the fully renovated East facing unit is only meters from the beach. 
She said Southport was popular because it was attracting investors and families wanting to be close to schools.
Lambert Willcox Estate Agents director Mitchell Lambert said the suburb was not always highly sought-after but the popularity of renovations had attracted people to older properties in need of work.
“We’re still selling houses for record prices and they haven’t stopped going up, and why not? It’s a great area,” he said.
TOP 10 MOST SEARCHED SUBURBS (number searched Jan-Nov 2018) 
1. Surfers Paradise — 267,709
2. Southport — 221,455
3. Burleigh Heads — 216,466
4. Broadbeach — 211,355
5. Palm Beach — 194,176
6. Robina — 172,518
7. Hope Island — 162,494
8. Helensvale — 160,887
9. Coolangatta — 139,902
10. Labrador — 124,319
(Source: realestate.com.au)
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Surfers Paradise the most searched Gold Coast location in 2018 on realestate.com.au

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Premier Gladys Berejiklian has announced Dr Paul Paterson as the new Chair of the Independent Pricing and Regulatory Tribunal (IPART).
The telecommunications and media consultant Dr Paul Paterson has recently been chief economist at the Department of Communications.
He has held senior roles in the private sector as a strategic advisor on telecommunications since 2004, following six years with Telstra during the transition to a competitive telecommunications market.
He managed Telstra’s role in the process of opening up the public telephone network to competition.
In the 1990s, Paterson worked for the NSW government, first as chief economist in the Premier’s Department during the Fahey government and later as executive director of policy and resources in the Department of State and Regional Development.
He has also worked as chief economist and as director of strategy for OTC Limited.
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The Premier thanked outgoing Chair Dr Peter Boxall for his significant contributions in the role over the last seven years.
“I am pleased to welcome Dr Paterson to the role and have no doubt he will continue to protect the interests of consumers and taxpayers of NSW,” Ms Berejiklian said.
The IPART secretariat has around 130 professional staff for its price setting, quality monitoring and licence compliance roles for energy, water and transport utilities in NSW. It also conducts independent inquiries on economic and regulatory matters for the NSW Government.
Dr Paterson was previously appointed an IPART Tribunal member in 2013, before taking up his senior role in the Commonwealth Government.
He has 30 years’ of experience as a senior industry economist and has held senior roles in several Commonwealth and State government policy, research and regulatory bodies, including:
<ul>
<li>Adjunct Professor, University of Technology Sydney Business School</li>
<li>Head, Commonwealth Bureau of Communications Research &amp; Chief Economist Department of Communications</li>
<li>Director Regulation, Telstra</li>
<li>Executive Director, NSW Office of Economic Development</li>
<li>Visiting Economist, Commonwealth Treasury, and</li>
<li>Assistant Secretary, Policy and Analysis, Commonwealth Bureau of Labour Market Research.</li>
</ul>
His first job in 1977 was at the Bureau of Agricultural Economics. In the mid-1980s he was with the Paris based Organisation for Economic Cooperation and Development.
Dr Paterson will begin his appointment as Chair from 11 February 2019. 
He will join existing Tribunal members Mr Ed Willett and Ms Deborah Cope for a five-year term. 
In 2016 IPART undertook a review at the request of the NSW Government on the local government rating system.
The purpose of our review is to develop recommendations to improve the equity and efficiency of the rating system, in order to enhance councils’ ability to implement sustainable fiscal policies over the long term. 
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Paul Paterson to chair the NSW Independent Pricing and Regulatory Tribunal 

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Sydney’s Darling Harbour: popular but noisy and expensive. Here’s how we could do better to provide a safe place to work and play. <a class="source" href="https://www.shutterstock.com/download/success?u=http%3A%2F%2Fdownload.shutterstock.com%2Fgatekeeper%2FW3siZSI6MTU0NzU0MzAxNiwiYyI6Il9waG90b19zZXNzaW9uX2lkIiwiZGMiOiJpZGxfMTg4Mjk2MDMxIiwiayI6InBob3RvLzE4ODI5NjAzMS9tZWRpdW0uanBnIiwibSI6MSwiZCI6InNodXR0ZXJzdG9jay1tZWRpYSJ9LCIyeXl2aTFtdVhSZEpodktYN2FRMVR0akZmY0kiXQ%2Fshutterstock_188296031.jpg&amp;pi=41133566&amp;m=188296031&amp;src=FRqrebc_WbmZL_pwE2pIQA-1-11"> </a>
More towers at Sydney’s Darling Harbour are among redevelopment plans for the inner city waterfront precinct and this has prompted <a href="https://www.smh.com.au/national/nsw/population-of-a-small-town-the-transformation-of-darling-harbour-20181112-p50fgo" target="_blank">recent debate</a>.
Plans open for public commentary include proposals for <a href="https://www.planning.nsw.gov.au/News/2016/Have-your-say-on-the-redevelopment-of-Cockle-Bay-Wharf" target="_blank">new tall buildings</a> at <a href="https://www.planning.nsw.gov.au/Assess-and-Regulate/State-Significant-Projects/Cockle-Bay" target="_blank">Cockle Bay</a> and <a href="https://www.planning.nsw.gov.au/News/2016/Have-your-say-on-the-redevelopment-of-Harbourside-Shopping-Centre" target="_blank">at the Harbourside Shopping Centre</a>.
Critics include <a href="https://architectureau.com/articles/city-of-sydney-objects-to-darling-harbour-developments/" target="_blank">Russell Hand and Christopher Ashworth</a>, senior planners at the City of Sydney, who have lodged <a href="https://www.smh.com.au/national/nsw/tall-towers-for-darling-harbour-spurned-by-city-of-sydney-planners-20170111-gtpeeh" target="_blank">formal objections</a>.
Alex Greenwich, independent MP for Sydney, <a href="https://www.smh.com.au/national/nsw/no-planning-merit-cockle-bay-redevelopment-attracts-strong-opposition-20180824-p4zzln" target="_blank">describes the Cockle Bay proposal</a> as “very poor planning”. In the same article, Graham Quint of the National Trust says Darling Harbour would be “degraded” by overdevelopment.
Celebrated architect Philip Cox fears the area has “<a href="https://www.smh.com.au/national/nsw/population-of-a-small-town-the-transformation-of-darling-harbour-20181112-p50fgo" target="_blank">gone backwards</a>” as it does not really create a unique urban space, nor does it contribute much to the city.
Plans for ever larger buildings, bringing in more people and attracting more tourists may mark a point of no return for the precinct. It would place increased pressure on the available space, which already houses a <a href="https://www.smh.com.au/national/nsw/population-of-a-small-town-the-transformation-of-darling-harbour-20181112-p50fgo" target="_blank">town full of people</a>.
More development of the type proposed also leaves little space to regenerate the city, to create places where nature and open space can help to deal with floods or heat, let alone create a valuable ecological landscape.
To see where development of Darling Harbour went wrong and what we could do better, we need to consider the area as a whole. That’s <a href="https://www.sydney.com/destinations/sydney/sydney-city/darling-harbour" target="_blank">Darling Harbour</a> itself, <a href="http://www.cocklebaywharf.com.au/" target="_blank">Cockle Bay</a>, the <a href="https://theconversation.com/this-is-how-westconnex-can-deliver-sydney-a-better-city-centre-90171" target="_blank">Darling Harbour Corridor</a>, <a href="https://www.barangaroo.com" target="_blank">Barangaroo</a>, <a href="https://www.darlingpark.com.au/home" target="_blank">Darling Park</a> and <a href="https://www.cityofsydney.nsw.gov.au/explore/facilities/parks/major-parks/tumbalong-park" target="_blank">Tumbalong Park</a>.
Three examples highlight how development of the Darling Harbour area over the past 30 years has been botched.
1. Darling Harbour as a noisy neighbour
Walk down Darling Harbour towards Barangaroo on a random night and this is what you’ll face.
Noisy bars and restaurants along Cockle Bay are full; quieter places inside are, even for Sydney’s standards, expensive; bright lights compare with the neon of Shanghai’s Nanjing Road; and there is activity everywhere, even on the water where party boats disturb not only human but also animal life.
I am not against a lively precinct. But Darling Harbour is currently operating like your noisy neighbour — a nice guy but with too many bad habits. He eats too much, burps whenever it is convenient, grows fat and watches the same programs every day.
There it is, consuming tourists (<a href="https://www.destinationnsw.com.au/wp-content/uploads/2018/10/darling-harbour-visitor-profile-ye-march-2018.pdf?x15361" target="_blank">4.6 million in the year ending March 2018</a>), growing bigger buildings all around, producing noises no-one wants to hear, and looking like a huge TV screen flickering flashy lights into the night.
Barangaroo is the next stage of “badnertainment”, adding more expensive drinking and eating venues, increasing traffic congestion, and continuing the <a href="https://theconversation.com/packers-barangaroo-casino-and-the-inevitability-of-pokies-15892" target="_blank">gambling boulevard</a> all the way through to <a href="https://www.barangaroo.com/see-and-do/things-to-do/itineraries/barangaroo-reserve/" target="_blank">Headland Park</a>. Compared to the former port facilities that stood there, at least people can enter this space up to the water’s edge.
But Barangaroo remains a private collection of colossal buildings, impenetrable if you don’t belong to the corporate world.
2. Tumbalong Park, hidden behind a highway
Tumbalong Park is hidden behind a highway, so far back no one can see the water. Though there are paths, plants and a stage, the overkill of lights and noise is not what you’d expect from a park.
Anyone who wants to spend time there on a hot day will experience the “<a href="https://www.nationalgeographic.org/encyclopedia/urban-heat-island/" target="_blank">heat island effect</a>”. Here, heat is amplified compared with the surrounding area as the grass is surrounded by large chunks of concrete and glass. That, combined with a feeling of being observed from all sides, might explain why you hardly find people sitting on the grass.
3. Highway cuts up public space
Where do people plan a highway through a public space? In Sydney, this is quite normal. The Western Distributor splits the City from Circular Quay and Darling Harbour. A spaghetti of ramps, concrete traffic lanes and multilayered traffic disconnects surrounding areas including Ultimo and Haymarket from the real beauty: the water and water’s edge of Cockle Bay. What could be a coherent urban precinct is cut in half and displaces the urban front from the water’s edge.
Let’s transform this ‘blinging, boring barrier’
These three failings form an urban sink hole for Sydney’s residents — a gap in which tourists are trapped and the corporates show off. <a href="https://theconversation.com/this-is-how-westconnex-can-deliver-sydney-a-better-city-centre-90171" target="_blank">Through traffic and congestion</a> dominate the area.
Darling Harbour is full of bling, the park is boring, and the highway is a barrier. Sydney created a blinging, boring barrier.
Why can’t Darling Harbour and Cockle Bay be a sensitive space, where you can experience relative darkness and silence when eating and drinking, and you can enjoy the tranquility of dark water so close to the city centre?
Wouldn’t it be sensational if you could whisper a secret message to your darling instead of shouting how his or her working day was? Wouldn’t it be great if you could sit on the edge of the harbour, dangling your tired feet in the water? How great could it be if the space was green with trees, bush, ecofriendly river edges, where kids could explore water and nature?
Tranquility, darkness and human scale are the ingredients for an environment that can be completely green and still urban. Higher densities are possible as long as these are sustainable, we use environmental-friendly materials and are placed in a larger green and ecological zone fronting the water. This then creates the space for people to enjoy the environment and relax.
Climate change makes this urgent
This is urgent. Climate change will cause and enforce changes to city centres, especially when they’re fronting water edges, like Darling Harbour.
Rising sea levels (<a href="https://www.news.com.au/technology/environment/climate-change/new-maps-show-the-risk-of-sea-level-rises-to-australian-cities/news-story/2cd13d732b102365c9c708c4a223961f" target="_blank">up to 2m by the end of the century</a>), and more flash flooding as a result of more intense rain are expected.
So green buffer zones on either side of the water’s edge are required to deal with rising water levels and more intense rain events.
Environments must be flexible, adaptive and resilient to survive. The types of activities currently in the Darling Harbour area are mono-functional, inflexible and vulnerable to climate impacts.
Here’s what we can learn from other cities:
Toronto
Toronto’s city centre has a series of greening projects along its <a href="https://waterfrontoronto.ca/nbe/portal/waterfront/Home" target="_blank">waterfront</a>. These include nature reserves, a bicycle path, sandy beach-like areas and zones in which urban water is purified at the same time made available for the public to use in playgrounds.
<a href="https://images.theconversation.com/files/253789/original/file-20190115-180494-182n6ou.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/253789/original/file-20190115-180494-182n6ou.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Toronto’s water purification site is also an urban playground. Author provided
New York
Another good example is in New York, where Manhattan is transforming its Hudson River edges with <a href="https://hudsonriverpark.org/" target="_blank">parks and green areas</a>. There is open-air office space such as the <a href="https://www.hudsonyardsnewyork.com/" target="_blank">Hudson Yards</a>, and continuous parks along the river, such as the Riverpark Boulevard.
These continuous parks can not only protect the city from flooding but also suit the daily needs of the jogging, cycling or wandering New Yorker.
<a href="https://images.theconversation.com/files/253790/original/file-20190115-180510-xwhxhi.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/253790/original/file-20190115-180510-xwhxhi.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
New York’s Riverpark Boulevard has been designed to protect the city from flooding, as well as providing people place to walk, jog or wander. Author provided
Shanghai
In Shanghai there’s a large program to green the river edge. Over 100,000 trees are being planted along the Huangpu River. This program is meant to clean the air, mitigate the urban heat island effect and offer space to occasional floods. But it also functions as an enormous park, with a continuous cycle-path and the option to run the marathon (once up and down).
<a href="https://images.theconversation.com/files/253791/original/file-20190115-180488-p8270n.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/253791/original/file-20190115-180488-p8270n.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Shanghai is transforming its riverside with more than 100,000 trees and parklands long enough to run a marathon. Author provided
Amsterdam
Finally, Amsterdam is redeveloping the northern shore of the <a href="https://en.wikipedia.org/wiki/IJ_(Amsterdam)" target="_blank">IJ river</a>. Here, new green spaces, water purification and ecological reserves are realised in the midst of a high-density mixed-use urban environment. One of the eye-catchers is EYE, the national movie theatre.
<a href="https://images.theconversation.com/files/253792/original/file-20190115-180488-28ukf5.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/253792/original/file-20190115-180488-28ukf5.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Amsterdam is transforming the IJ north shore. Author provided
Sydney, it’s up to you
These examples show that large, western cities are successfully implementing sustainable ecological developments along their waterfronts.
These are not realised because of some high-level green ambition, but out of pure necessity. People ask for cleaner environments so they can enjoy, exercise and play with their kids in a healthy and safe place.
In Darling Harbour, we’re faced with short-term economic benefits, with a focus on tourists, and a vulnerable waterline. Is this the long-term future for Sydneysiders?
Or could the waterfront become the lovely place for humans and nature, which also protects Sydneysiders living immediately behind the waterfront?<img src="https://counter.theconversation.com/content/109869/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;">
Rob Roggema is a of Professor Spatial Transformation, <a href="http://theconversation.com/institutions/hanze-university-of-applied-sciences-groningen-3849">Hanze University of Applied Sciences, Groningen</a>.
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/how-darling-harbour-was-botched-and-could-be-reborn-109869" target="_blank">original article</a>.
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How Darling Harbour was botched (and could be reborn)

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A three bedroom one bathroom, Burdell, Qld house has been listed by its mortgagee for $235,000.
This marks an increase of just $25,000 from its August 2005 purchase price of $210,000.
It was sold twice in 2005 the first time in February 2005 for $165,000.
The listing is held by Allison Gough from Explore Property. 
Located at <a href="https://www.realestate.com.au/property-house-qld-burdell-130060234" target="_blank">32 Kayleen Court</a> the home has a semi open plan living area and split system air conditioning.
Set on 677 sqm the home was built in 1991.
The home was listed earlier last year for "Mid $200,000's" and has sat on market just shy over 100 days over 2018 and 2019.
Featuring a 12 x 6 metre work shed, solar power and an internal laundry the property is located 15 minutes north of the Townsville CBD and Townsville Airport.
The suburb's median house price sits at <a href="/developments/burdell-qld-4818">$367,000</a> according to CoreLogic, who calculate its annual change in median price over the past 10 years as 0.2%.
Its median days on market currently sits at 87 days.
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Three bedroom Burdell house for sale by mortgagee

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A three bedroom house in Andrews Farm, a locality in SA, has been sold this year for $205,000.
It has seen a growth of $95,000 from its 2009 sale price of $110,000.
Ken Loft of Harcourts sold the property.
Located at <a href="https://www.realestate.com.au/sold/property-house-sa-andrews+farm-129229090" target="_blank">8 Lonsdale Crescent</a> the 3 bedroom 2 bathroom home has two undercover parking spaces.
Set on 300 sqm the property also features gardens and is near public transport and education facilities.
The suburb's median house price sits at <a href="/developments/andrews-farm-sa-5114">$272,750</a> according to CoreLogic, who calculate its annual change in median price over the past 10 years as -0.1%.
Its median days on market currently sits at 90 days.
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Mortgagee's Andrews Farm home sells for near double purchase price

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A four bedroom house in Mount Louisa, a suburb in Queensland's Townsville, has just sold for $290,000.
It has seen a loss of $121,700 from its 2015 sale price of $411,700.
Michael Martini of Harcourts sold the property.
It was on the market for around 150 days initially having a $335,000 asking price.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-mount+louisa-129103894" target="_blank">44 Roosevelt Loop</a> the four bedrooms two bathroom home is located in the Liberty Rise estate.
Set on 482 sqm, the property was listed for rent in February last year at $370/W and in 2015 at $360/W.
The suburb's median house price sits at <a href="/developments/mount-louisa-qld-4814">$340,000</a> according to CoreLogic, who calculate its annual change in median price over the past 10 years as -2%.
Its median days on market currently sits at 90 days.
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Mount Louisa home sold by its mortgagee for $120,000 loss

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A two bedroom unit in Mooroobool, a suburb in Qld, has been sold by its mortgagee for $190,000 late last year.
It has seen a loss of $47,000 from its 2007 sale price of $237,000.
Ray Murphy of RE Max sold the property.
Located at 308/22-24 Ward Street the two bedroom one bathroom home is Situated in a modern gated complex offering resort style facilities such as a pool and gym.
Set on 123 sqm the property was sold at auction after 27 days on the market.
The suburb's median house price sits at <a href="/developments/mooroobool-qld-4870">$371,500</a> according to CoreLogic, who calculate its annual change in median price over the past 10 years as -2.6%.
Its median days on market currently sits at 57 days.
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Two bedroom Mooroobool unit sold for $50,000 loss by mortgagee

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

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Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
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[smartcode_project_cta:default project_id=4896]

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