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Australia’s property market isn't going to crash, according to the Commonwealth Bank economist Gareth Aird.
Nor even a hard landing, but something not too dissimilar to the corrections of 2010 and 1989, he said.
But he has forecast that house prices in Sydney and Melbourne will continue declining until the end of next year.
“We (CBA) see the peak to trough being around 10% in Sydney and a little less in Melbourne (8.8%)," he told Business Insider.
Click <a href="https://edge.alluremedia.com.au/uploads/businessinsider/2018/09/CBA1.jpg" target="_blank">here</a> to enlarge
<div>
<img src="https://edge.alluremedia.com.au/uploads/businessinsider/2018/09/CBA1.jpg" alt="">Source: Commonwealth Bank
</div>
Aird’s model is calculated as a function of the four variables listed below.
1. Annual changes in mortgage rates (1 year advanced);
2. The annual change in the flow of credit (six months advanced);
3. Auction clearance rates (four months advanced);
and 4. The house price expectations index from the Westpac/Melbourne Insitute consumer sentiment survey (2 months advanced).
He concedes that “predicting property prices can look foolish retrospectively”.
However, the chart below shows that the four leading indicators outlined above track actual movements in house prices “very well”.
<div>
<img src="https://edge.alluremedia.com.au/uploads/businessinsider/2018/09/CBA2.jpg" alt="">Source: Commonwealth Bank
</div>
“Clearly, we can’t forecast auction clearance rates or the household perception around the future path of dwelling prices.”
CBA’s base case is that Sydney home prices will decline by 5% annually in 2018 — a relatively mild assessment given the latest weekly data from CoreLogic Sydney house prices are currently 5.9% lower than this time last year.
That would take overall declines from Sydney’s July 2017 peak to around 7.5%.
“For Melbourne, prices would be down by around 5% from their November 2017 peak,” Aird said.
“Nationally, we think prices will end the year down by around 3% with a roughly similar outcome likely in 2019."
Aird noted the broader economy outside of housing is still performing well, along with the continued strength in Australia’s labour market.
He expects the unemployment rate will decline further which lowers the risk of mortgage defaults.
There’s Australian rate of population growth, he added.
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j.ballantyne1990-6AQqhLzZaK

CBA's Gareth Aird forecasts 10 percent decline in Sydney house prices into 2019

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<div>Australia’s fresh fruit famers, including strawberry farmers, affected by the ‘fruit sabotage’ issue are being urged to contact their bank.</div>
<div> </div>
<div>There is assistance on offer which can include deferred loan payments, waiving fees and restructuring loans.</div>
<div> </div>
<div>The assistance is on offer to all farmers affected, including any who may be caught up if the issue spread to other fruits.</div>
<div> </div>
<div>CEO of the Australian Banking Association CEO Anna Bligh said that banks were always ready to help local producers affected by these kinds of issues and urged any farmer who needed assistance from their bank to contact them directly.</div>
<div> </div>
<div>“Banks have years of experience in assisting rural producers through disasters and are ready once again to stand shoulder to shoulder with our farmers who need help,” Ms Bligh said.</div>
<div> </div>
<div>“Australian Banks are ready and willing to help any producer affected by this spate of fruit sabotage, therefore anyone affected should contact their bank for assistance."</div>
<div> </div>
<div>“Banks have specific hardship teams which specialise in this area, contactable through the main switchboard, who can walk customers through what can be done to see farmers through this difficult time,” she concluded.</div>
<div> </div>
<div>ABA Member banks offer a range of services to help customers experiencing circumstances outside their control.</div>
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Bank help offered for farmers affected by fruit sabotage

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Purplebricks is set to amend its offering in Australia so that half of the commission fees will be payable on sale, rather than all on signup.
Purplebricks Global COO Neil Tavender said the changes were a natural evolution of a business.
They have however raised their commission again, progressively from its initial flat cost of $4500.
Purplebricks has sold over 4,000 homes since its launch.
Kenny Bruce, its co-founder, toured Australia to speak with their listing agents.
“For customers, our new offering reduces exposure when a home isn’t sold whilst still offering a flat fee that side-steps large com
The new structures sees:
• An all-inclusive fee of $8,800 incl. GST when selling with Purplebricks. If the property goes to auction, an additional fee of $600 incl. GST is incurred by the customer.
• Only half of this fee is paid on listing ($4,400 incl. GST), although every customer can choose to defer this payment for six months or until settlement.
• The remainder of the fee is only payable when the home is sold following settlement.
• Access to a best-in-class marketing package that now includes ‘premiere’ listing on realestate.com.au, the cost of which would normally be paid by the seller and range between $1000 and $4000. This is coupled with professional photography, floor-plan, for sale board and other marketing and advertising as part of the overall package.
As part of the changes, Purplebricks agents will have the opportunity to more than double their income per listing, receiving an additional payment on the successful closure of the sale of the home.
“Our agents will continue to be highly motivated to achieve strong sale results and have the bandwidth to provide the highest level of service as we expand our footprint across the nation.”
“An entrepreneurial franchising model has always been at the heart of our business and is what has facilitated tremendous growth for Purplebricks across the globe." Tavender said.
Purplebricks Australia will honour terms and conditions in all existing contracts.
The offering will be in implemented from 1 October.
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Purplebricks evolves its offering in Australia so not all commission upfront 

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The Future Melbourne Committee has unanimously endorsed plans for the first new urban park in the Hoddle Grid since City Square was developed in 1980.
The Market Street public park is adjacent to Cbus Property and ISPT’s <a href="/expert-insights/investing/collins-arch-melbourne-signs-up-third-law-firm-office-tenants">Collins Arch development at 447 Collins Street</a> in the CBD’s western grid.
The new park will introduce 1,900 square metres of open space.
Collins Arch is set for completion late next year.
The Market Street park in 2020.
The City of Melbourne will decide on a name for the park at a future date.
Cbus Property is developing the park which will then be handed back to City of Melbourne for public use and management.
<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/2018/9/19/Hoddle%202.jpg" alt="">
The new park will be connected to a further 1,750 square metres of publicly accessible and occupiable space within the Collins Arch development via a large amphitheater.
The total open space added to the block will be nearly 30 percent larger than the previous forecourt of <a href="/expert-insights/buying/cbus-secures-approval-for-its-447-collins-street-project">the National Mutual building</a> which was demolished despite its architectural merit.
It was among a handful of CBD buildings rejected by the state government for heritage protection as some regarded the 27-level building as a prime example of post-war International style. 
It is being designed by landscape architects Oculus, incorporating a collection of spaces, including a City Garden, Central Plaza, a Terrace and Northern Lawns.
Each space will create clear pedestrian connections via north-south links to public transport, the Northbank, as well as the broader precinct, including the Immigration Museum.
<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/2018/9/19/Hoddle%203.jpg" alt="">
The creation of the park will see the western side of Market Street repurposed into public space, while the eastern side will be transformed to include a new bike lane.
The remainder of Market Street will become a single lane carriageway for southbound traffic and kerbside parking.
The $1 billion plus mixed-use Collins Arch development will include 49,000 square metres of premium-grade office space, 940 square metres of ground floor retail and a <a href="/expert-insights/investing/collins-arch-to-feature-melbourne-s-first-w-hotel">five-star W Hotel</a>, as well as 184 luxury apartments.
Pictured below is the now demolished National Mutual Building
<img src="https://www.urban.com.au/images/2018/9/19/Arches.JPG" alt="">
(source: Victoria State Library)
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Collins Arch garden plans revealed for Market Street

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Pimpama Village, the master-planned land development located on the old Coulters Farm on the Gold Coast, is approaching its third stage sell out.
The 53-hectare estate house and land packages start at $508,778, and comes with a number of customisable house designs.
Stages one and two have both sold our already and stage three has nearly sold out, just <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">7 lots remain of the 74 which were on offer.</a>
The only properties remaining are four bedroom homes, which can span either one or two levels (above).
<img src="https://www.urban.com.au/images/2018/9/14/Pimpama%202.JPG" alt="">
The development is just south of Hotham Creek and sits near the soon to be opened Pimpama City Shopping Centre.
Pimpama City (pictured below), which has 18,000 sqm of retail space, is set to open on September 21, with a line up of retailers including Coles, Coles Express, ALDI plus Best &amp; Less. 
<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/2018/9/19/PImpaming.jpg" alt="">
The estate is situated a short distance from Ormeau train station, the M1 Motorway, providing it easy access to the Gold Coast and Brisbane.
 Pimpama Village includes a central town centre with proposed Coles, Aldi, KFC, Hungry Jacks, a medical centre, childcare, and specialty shops.
For more information on Pimpapa Village, <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">click here.</a>
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Pimpama Village on the Gold Coast soon to sell out stage three

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Westpac has cut its rates, and promised longer discounts.
The nation's second-largest lender has cut lending rates by up to 110 basis points in an aggressive bid for new borrowers.
Its new loan packages also aim to lock-in new borrowers with lucrative discounts of up to 80 basis points for the life of the loan. A basis point is 0.01 percentage point.
Fairfax Media advised the new Westpac rates will also apply for new lenders for Bank of Melbourne, BankSA and St George Bank.
The offer will replace the existing two-year introductory discounts with a life of loan discount for principal and interest and interest only borrowers. The new flexi first option home loan, with its basic home loan product with a headline rate of 3.98 per cent, will now include a 75 basis point discount for the life of the loan.
The flexi first principal and interest option for investors, which has a headline rate of 4.48 per cent, includes an 80 basis point discount for the life of the loan.
The interest only version has a headline rate of 5.08 per cent and a 71 basis point life of loan discount.
The offer excludes owner occupied loans with interest only repayments or to switches within the Westpac Group.
Westpac is set to advise the new first time buyer flexi first option home loan borrowers will receive an 85 basis point discount for the first five years and then roll onto a 75 basis point discount for the life of the loan. The headline rate is 3.88 per cent. First time investors will receive a 110 basis point discount for the first five years and then revert to a 80 per cent discount for the loan's life.
Its headline rate is 4.18 per cent.
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Westpac cuts new loan rates, and promises longer discounts

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The Sydney Metro Northwest upgrades have resulted in a variety of retail spaces on and around five of the new railway stations.
This follows the previous appointment of Savills Australia to conduct an expressions of interest leasing campaign for retail spaces at 12 of the Sydney Metro Northwest stations, which closed on June 1, 2018.
Now, phase two will differ by instead offering long-term retail opportunities in purpose built buildings on the station unpaid concourse.
Sydney Metro in partnership with Landcom are also offering on the land reserved for future development surrounding the station a 3,000sq m (approx.) ground lease opportunity and short term pad sites within “Interim Activation Areas” suited to a variety of uses, for example food and beverage trucks, pop up retail and events.
Savills Australia executive of retail services, David Kleiner has been appointed to conduct a new expressions of interest leasing campaign and said he has received an overwhelming response since the beginning of the first release.
These new opportunities have become available at five Sydney Metro Northwest stations at Tallawong, Kellyville, Bella Vista, Hills Showground and Cherrybrook stations. Chcha
Sydney Metro is Australia’s biggest public transport project – 13 metro stations open in the city’s north west in the first half of next year, with metro rail to extend into the Sydney CBD in 2024.
The expressions of interest campaign will commence 19 September 2018 with the activation of a dedicated website being www.sydneymetroleasing.com.au and close 19 October, 2018.
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Sydney metro offering long-term retail spaces

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Propertylink Group (ASX:PLG) has announced that the Propertylink Enhanced Partnership (PEP) has entered into a contract for the sale of 80 Mount Street, North Sydney for $71 million.
The sale price represents a 29 percent premium to current book value and delivers an annualised total equity return of 58 percent while reflecting an initial yield of 4.32%..
Propertylink has a 25 percent co-investment in the PEP fund with Goldman Sachs holding the majority interest of 75 percent.
Following the sale of 80 Mount Street, the fund comprises of 8 office and industrial assets.
Completion of the sale is unconditional and is expected to occur in November.
The sale will contribute approximately $3.5 million in co-investment income to Propertylink’s distributable earnings in FY18.
80 Mount Street is a B-grade office tower comprising of 6,204 sqm of net lettable area across 14 levels.
The building was acquired by Propertylink, via the PEP fund, as part of the acquisition of the Denison Portfolio in August 2016.
Propertylink’s Chief Investment Officer, Peter McDonald said “Since the acquisition of 80 Mount Street, we have deployed a targeted capital expenditure program to refurbish and upgrade the building. Most significantly however, we have undertaken extensive leasing activity across 55 percent of the building area, driving occupancy from 75 percent to 92 percent over the last two years.”
With the approval of Goldman Sachs, Propertylink commenced a campaign to market the property for sale in July 2018.
“The sale campaign attracted unprecedented levels of interest from both local and offshore groups who were attracted to the location of the asset in the heart of North Sydney, a market with upside potential and just 6.3% vacancy,” Mr McDonald said.
The selling agents for 80 Mount Street were Knight Frank’s Tyler Talbot and Dominic Ong and CBRE’s James Parry, Kenny Duncanson and Sharon Yang.
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Propertylink has divested a North Sydney office tower for a 58% return

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Consolidated Properties Group and CVS Lane Capital Partners have commenced a major refurbishment and leasing program for the Wilsonton Shopping Centre, which they acquired 2 months ago.
The $20 million refurbishment program, which is expected to be complete by July 2019, will include upgrades to the northern and western entry facades, additional signage, full internal and external repainting, new furniture and lighting, new landscaping and improvements to roofing and public amenities.
<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/2018/9/13/Wilstonton%202.jpg" alt="">
Wilsonton Shopping Centre is located in Northern Toowoomba and was established in 1996, with the last expansion in 2015 to add a health and services precinct.
Consolidated Properties Group Executive Chairman Don O'Rorke says the strong fundamentals, including the solid trading history of anchor tenants Woolworths and Coles, were key to the acquisition.
The 18,500 sqm Wilsonton Shopping Centre is the latest addition Consolidated Properties Group and CVS Lane Capital Partners retail partnership portfolio.
Mr O'Rorke said, "the portfolio now comprises four shopping centres along the eastern seaboard, with a focus on the non-discretionary retail sector and neighbourhood retail precincts which have the potential for upgrade or expansion."
The Centre services about 44,000 weekly visitors.
Wilsonton Centre currently has around 45 specialty stores and upon completion of the refurbishment program, Wilsonton Shopping Centre is expected to have an end value of approximately $90 million.
In addition to the Wilsonton purchase, the retail partnership has recently commenced construction of new full-line Coles Supermarkets at both the Karalee Shopping Village and Pavilions Palm Beach.
The pipeline also includes a retail and lifestyle centre to be developed within the Yeerongpilly Green master planned community - another joint venture between Consolidated Properties and CVS Lane Capital Partners.
Assets under development within the retail partnership have a completed value approaching $400 million, and is anticipated to grow to $600 million plus over the next two to three years
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Refurbishment of Wilsonton Shopping Centre underway

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A Bentley Park four bedroom house with mountain views has been recently sold by mortgagees for $340,000.
It was listed by Patrick Kenny from Ray White Cairns South.
Located on the south side in Kingfisher Estate, the house at<a href="https://www.realestate.com.au/sold/property-house-qld-bentley+park-128367282" target="_blank"> 14 Ainscow Drive</a> comes with two separated tiled living areas, galley style kitchen, four bedrooms with built-ins, outdoor patio with views and double remote garage. 
Other features include the security screen, solar hot water and backyard.
It last traded at $138,500 in 2012. 
The suburb's median house price sits at <a href="/developments/bentley-park-qld-4869">$351,000</a> according to CoreLogic. 
 
 
 
 
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A four bedroom Bentley Park, Queensland home sold by mortgagees

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Staff reporter

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