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A Doncaster East estate agent will have her licence suspended and, with her company, pay a total fine of $5,000 to the Victorian Property Fund, after she and the company both accepted that they had knowingly employed a disqualified person as an agent’s representative.
Danielle Talia, 34, of Doncaster East, was the sole director and secretary of Bond’s Real Estate Sales Pty Ltd (ACN: 050 139 305), which formerly traded as Stockdale and Leggo Doncaster – Templestowe.
Danielle Talia was present at a 2010 hearing at which her father, John Michael Talia, was made permanently ineligible to hold an estate agent’s licence or act as an agent’s representative.
Despite knowing about her father’s disqualification, Ms Talia employed him in September 2012.
In late 2015 and early 2016, John Michael Talia was present at three auctions, where he acted in a manner consistent with an agent’s representative. He also held a company credit card and remained as a signatory on the company accounts.
In February this year, he was found guilty of contempt of the orders made against him in 2010.
Danielle Talia and Bond’s Real Estate Sales accepted that they had failed to comply with Victoria’s estate agent laws by employing Mr Talia following his permanent disqualification.
Ms Talia’s licence will be suspended for 12 months from when Bond’s Real Estate Sales surrenders its licence. Prior to the suspension commencing, she must:
<ul>
<li>not act as a licensed estate agent or agent’s representative for a period of 12 months following from when Bond's Real Estate Sales surrenders its licence</li>
<li>complete a Real Estate Institute of Victoria (REIV) course relating to the identification of legal and ethical requirements of property sales to complete work.</li>
</ul>
Bond’s Real Estate Sales has agreed to hand in its licence once all outstanding settlements have been finalised, or before 31 December 2017, whichever is earlier.
In February this year at a hearing at the Victorian Civil and Administrative Tribunal (VCAT) John Michael Talia, 62, of Heidelberg West, was found:
<ul>
<li>to have engaged in unlicensed trading, and </li>
<li>guilty of failing to comply with a previous VCAT ruling banning him from holding an estate agent’s licence or acting as an agent’s representative. </li>
</ul>
In 2008, Mr Talia received a three-year jail term for obtaining property by deception, following a conviction at the County Court of Victoria.
In 2010, VCAT permanently disqualified Mr Talia from being an estate agent’s representative or holding an estate agent’s licence, ruling that he was not of good character and not a fit and proper person to do so. 
In September 2015, Consumer Affairs Victoria staff visited the office of Bond's Real Estate Sales Pty Ltd (ACN: 050 139 305) – trading as Stockdale &amp; Leggo Doncaster Templestowe – as part of a routine inspection, where they established that Mr Talia was present at the premises. 
Our inspectors also covertly attended three auctions in 2015 and 2016, where Mr Talia was present and displayed behaviour typical of an estate agent or agent’s representative, such as giving out business cards stating him as the general manager and offering information about the properties. 
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j.ballantyne1990-6AQqhLzZaK

Daughter at Stockdale & Leggo agency caught up in father disqualification fallout

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A modernist 1972 Pymble home designed by award-winning architect Russell Jack has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-nsw-pymble-126783602" target="_blank">solid brick home</a>, marketed as a perfectly-preserved example of The Sydney School style of architecture, is set to sell for the first time in over 20 years.
It last sold at $765,000 in 1993.
<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/2017/11/2/Pymble3.jpg" alt=""> 
Last traded for $765,000 in 1993, the Pymble Avenue family home is imbued with Scandinavian and Japanese influences.
It was designed with a L-shaped layout with sliding doors opening to the outdoor living spaces, overlooking the 12 metre pool with diving board and resort-like cabana.
 <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/2017/11/2/Pymble1.jpg" alt="">
The home on 2230 sqm has five bedrooms and three bathrooms. The master has its own dressing room, ensuite and private courtyard.
Stone Real Estate Turramurra agents Andy Howden and Rob Szosta have set a November 18 auction.
Jack, who designed and lived in The Jack House in Wahroonga, drew heavily upon that design with similar features, such as Tasmanian Oak, black double-bolted beams etc, although the Pymble house is much larger. 
The property was commissioned by Geoffrey Forsaith and his wife, Robin.  Geoffrey Forsaith was a friend of Kerry Packer and, as Australian Cricket Team Manager, worked with Packer on the introduction of the World Cricket Series back in the 1970s (which caused a furore in the cricket world.) 
With beautiful flow, and a private and resort-like feel, the property was the scene of many parties frequented by the big cricketing names of those days - Dennis Lillee, the Chappell brothers (Greg, Ian and Trevor), Rod Marsh, Jeff Thompson, among others.
The current owners, Malcolm and Wendy Carver, had lived a few houses up the road.
Malcolm, himself is an architect and an artist, and Wendy are passionate about the property’s design, functionality and history.   
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Russell Jack-designed Pymble Sydney School home for sale for first time in two decades

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Just months after UBS called the top of Australia’s property market, the investment bank has now declared the housing boom is “officially” over.
In the wake of the latest home price figures for October, its economists forecast a “persistent and sharp slowdown” unfolding in response to lending restrictions and out-of-cycle mortgage rate hikes.
The weakness in auction clearance rates, and the near flat month-on-month growth in prices in the last five months, "suggest the cooling may be happening a bit more quickly than even we expected.”
UBS expects the Reserve Bank of Australia to keep the official cash rate on hold until the second half of 2018.
CoreLogic’s latest monthly read on home values found price growth was flat nationally during October and up just 6.6 per cent annually — the weakest pace of growth since 2016.
Values fell half a per cent in the nation’s biggest housing market, Sydney.
“This is broadly consistent with our housing deep dive ‘calling the top’, which forecast a moderation to 7% year-on-year by end-2017, before dropping further to 0-3% year-on-year in 2018,” UBS economists George Tharenou and Carlos Cacho said.
Now the duo have downgraded their growth forecasts for this year to just 5 percent.
“Australia’s world record housing boom is ‘officially’ over after a large ‘upswing’ of 6556% price growth in 55 years,” he says.
<div id="taboola-mid-article-stream-thumbnails" class=" trc_related_container trc_spotlight_widget">“After dwelling price growth was resilient at a booming 10% [plus annual] pace earlier this year, there is now a persistent and sharp slowdown unfolding."</div>
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UBS calls property boom over and lowers national price growth forecast from 7 to 5 percent

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GUEST OBSERVER
Parking may seem like a “pedestrian” topic (pun intended). However, parking is of increasing importance in metropolitan areas worldwide. On average, motor vehicles are parked 95% of the time. Yet most transport analysis focuses on vehicles when they are moving.
Substantial amounts of land and buildings are set aside to accommodate “immobile” vehicles. In Australia, Brisbane provides 25,633 parking spaces in the CBD, Sydney 28,939 and Melbourne 41,687. In high-demand areas, car parks can cost far more than the vehicle itself.
However, parking is not just an Australian problem. By some estimates, 30,000 square kilometres of land is devoted to parking in Europe and 27,000 km² in the US. This parking takes up a large part of city space, much of it highly valued, centrally located land.
Traditionally, transport planners believed that generous parking allocations provided substantial benefits to users. In reality, excessive parking is known to adversely affect both transport and land use. These impacts, along with recent land-use, socioeconomic and technological trends, are prompting cities to start asking some important questions about parking.
Australian planners must engage with emerging trends to help cities work out the best way to reclaim and repurpose parking space in ways that enhance efficiency and liveability while minimising disruption.
Here we chart likely challenges and opportunities created by these trends over coming decades.
<img src="https://images.theconversation.com/files/190958/original/file-20171019-30534-9x1evf.jpg?ixlib=rb-1.1.0&amp;rect=3%2C96%2C822%2C540&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Key trends affecting parking space in cities. Diagram by authors
Land use
All Australian cities have policies to encourage densification, consolidation and infill development in their centres. In conjunction, some cities are setting maximum limits on parking to prevent it taking over valuable inner-city properties.
Transit-oriented development (TOD) has also become popular, at least on paper. This is another form of urban consolidation around transit nodes and corridors. It is known to benefit from high-quality urban design, “walkability”, “cyclability” and a mix of functions.
These developments mean that people who live in CBDs, inner-ring suburbs and near public transport stops will use cars less. Consequently, demand for parking will decrease.
Some non-TOD suburbs are trying to replicate inner-city features as well. For example, some suburban shopping centres have introduced paid parking. This is a significant shift from previous eras, when malls guaranteed ample free parking.
Suburbanites who lack easy public transport access will continue to rely on cars. But rather than driving all the way to a CBD, commuters will increasingly opt for park-and-ride at suburban stations, thereby increasing demand for park-and-ride lots at public transport interchanges. However, excessive capacity might hurt rather than help patronage.
Social trends
In addition to land use, several social trends will affect the need for parking.
First, young people are delaying getting drivers’ licences because driving is culturally less important to them than in previous generations.
Second, people of all ages are moving from outer suburbs to inner cities. For many, this means less driving because walking, cycling and public transport are more convenient in inner cities.
Finally, the emergence of Uber, Lyft and vehicle-sharing arrangements means that people are not buying cars. Research suggests that each car-sharing vehicle removes nine to 13 individually owned vehicles from the road.
Together, these trends point to a reduced need for parking because there will be fewer cars overall.
Technology
The importance of technology in parking is rising – paving the way for “smarter” parking.
The emergence of a host of smartphone apps, such as ParkMe, Kerb, ParkHound and ParkWhiz, has begun to reshape the parking landscape. For the first time, users can identify and reserve parking according to price and location before starting their journeys.
Apps also make available a host of car parks that previously went unused – such as spaces in a residential driveway. This is because there was no mechanism for letting people know these were available.
In addition, smart pricing programs, such as SFPark in San Francisco, periodically adjust meter and garage pricing to match demand. This encourages drivers to park in underused areas and garages and reduces demand in overused areas.
The advent of autonomous vehicles promises to have dramatic impacts on transport and land use, including parking.
According to one school of thought, mobility services will own most autonomous vehicles, rather than individuals, due to insurance and liability issues. If this happens, far fewer vehicles and parking spaces will be needed as most will be “in motion” rather than parked most of the time.
More space for people and places
The next decade promises much change as emerging land-use, socioeconomic and technological trends reshape the need for, and use of, parking. Cities will devote less space to parking and more space to people and places.
Parking lanes will likely be repurposed as cycling lanes, shared streets, parklets, community gardens and even housing. Concrete parking lots, and faceless garages will likely be converted to much-needed residential, commercial and light industrial use.
<img src="https://counter.theconversation.com/content/85331/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">By transforming parking, much urban land can turn from wasteland into vibrant activity space.
Dorina Pojani, Lecturer in Urban Planning, The University of Queensland. 
Iderlina Mateo-Babiano, Senior Lecturer in Urban Planning, University of Melbourne.
Jonathan Corcoran, Professor, School of Earth and Environmental Sciences, The University of Queensland.
Neil Sipe, Professor of Urban and Regional Planning, The University of Queensland.<a href="https://theconversation.com/institutions/the-university-of-queensland-805"></a>
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/freeing-up-the-huge-areas-set-aside-for-parking-can-transform-our-cities-85331" target="_blank">original article</a>.
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Freeing up the huge areas set aside for parking can transform our cities

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Poly Australia secured deposits on 30 of 67 apartments offered last weekend in Lindfield in their highly anticipated boutique development, Tilia by Poly.
The apartments in the heart of the north shore suburb were popular among local buyers, particularly downsizers, said Poly Australia sales and marketing director Jay Carter. 
“For a small scale luxury suburban development, there has been considerable interest," said Carter,
The three bedroom apartments at Tilia by Poly start at $1,630,000 and have sold well, he said.
<img src="https://polyglobal.com/wp-content/uploads/2017/10/IMG_3532-1024x683.jpg" alt="" width="640" height="427" data-lazy-loaded="true">
It is Poly Australia's third Sydney project, which will include a garden for exclusive use of residents.
The development is a mix of 67 apartments, including three townhouses designed by award winning PBD Architects.
Located on Milray Street and within a short walking distance from Lindfield Train Station, and surrounding cafes and restaurants, Tilia by Poly was offered by the newly launched Poly Agency.
<img src="https://polyglobal.com/wp-content/uploads/2017/08/Secret-Garden-Angle-4-Final_CYMK_LIGHTENED2.jpg" alt="" width="759" height="949" data-lazy-loaded="true">
Poly Australia has acquired a new site in the suburb of Kogarah in Sydney's south, with plans for a residential development of approximately 100 apartments.
The site was an amalgamation of six residential houses in the priority precinct of Kogarah North.
It recently celebrated the official topping out at Poly Horizon in Epping.
It has also lodged its development application for its site in Bankstown.
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Three bedroom units selling well at Tilia by Poly

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GUEST OBSERVER
The fourth <a href="https://aussiebirdcount.org.au/" target="_blank">Aussie Backyard Bird Count</a> has just ended, with nearly 2 million birds from 635 species submitted to the BirdLife Australia app. The count, which is in its fourth year, has created a national database of birds found in our backyards.
We don’t know yet exactly how many people participated this year, but more than 60,000 people submitted checklists in 2016. Participants span the whole country, though participation is highest in our urban areas. By surveying our backyards (rather than “good” bird spots), these citizen scientists provide ecologists – like me – with information from urban areas we would not otherwise sample.
This includes data on a range of common bird species that are not frequently analysed because these species are believed to be secure. One of the most surprising results is a decline in the frequency of occurrence of the laughing kookaburra across southeast Australia.
Counting birds
Everyone has a bird story – and fortunately for ecologists, everyone is willing to share them. With 85% of Australia’s population living in cities and towns, birds are an important connection to our natural environment.
<a href="https://images.theconversation.com/files/192541/original/file-20171031-18711-13owlfd.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/192541/original/file-20171031-18711-13owlfd.PNG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
Source: BirdLife Australia
But birds are also <a href="https://www.bioone.org/doi/abs/10.2326/osj.9.3?journalCode=jorn" target="_blank">good environmental indices</a>. They’re generally easy to measure, they respond quickly to environmental change and we know a reasonable amount about the ecology of most species.
Between 1998 and 2014, BirdLife Australia volunteers collected a significant amount of data. This was used to develop a terrestrial bird index in 2015 – a bird “Dow Jones” to track our biodiversity. It was here that the decline in kookaburras was first identified.
The data were drawn from BirdLife Australia’s ongoing atlas project, now called <a href="https://birdata.birdlife.org.au/" target="_blank">Birdata</a>. However, there are biases in this data set, as people obviously like to go birdwatching where they will see more birds. This may inflate the frequency of encountering some species and decrease the chances of encountering others – particularly rare and cryptic species.
For the last four years, we’ve asked volunteers to add to this data by counting birds around their home for a week in October, when many birds are highly active and visible. These counts complement the data already available in Birdata by allowing access to backyards across Australia, which are generally poorly represented in the larger data set.
While there are still limitations in the Backyard Bird Count data, such as the risk of mis-identification, for common species like the laughing kookaburra we can generally be confident that the identification is correct. Even if the same bird is counted multiple times, our models report only a species’ presence or absence, so inflated numbers don’t affect the trend.
Are kookaburras really declining?
The below figures show modelled trends for the kookaburra across metropolitan Melbourne and Sydney. These figures are derived from the volunteer-collected Birdata, much of which comes from green spaces and remnant vegetation in these landscapes.
I wondered whether these declines are true changes in the populations, or reflect a change in the way kookaburras are using the landscape, possibly moving into the matrix of urban backyards that just don’t get surveyed. Looking solely at the backyard count data, I found similar trends in the reporting rates of kookaburras as those in the models, supporting that this decline is at the population level. What started out in 2014 as a way of engaging the broader community with their birds is now collecting useful ecological data.
Further exploration of the ABBC data across other capital cities found some interesting things. In both Perth and Hobart, where the kookaburra is considered an introduced species, the birds are recorded more frequently than in Melbourne and across the ACT. In Perth, increases in 2016 compared to previous years suggest an increase in the species there.
<a href="https://images.theconversation.com/files/192539/original/file-20171031-18700-ecicwi.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/192539/original/file-20171031-18700-ecicwi.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Modelled trends for Kookaburras from 1998-2014. Source: Unpublished models/K. Herman/BirdLife Australia, Author provided
The figure on the left is for Melbourne, and on the right is for Sydney. The reporting rate shows the percentage of surveys where kookaburras were recorded as present. The thick black line is the modelled trend (with confidence intervals in dashed line), the pink line shows the statistically significant linear trend, the thin black line shows the monthly calculated reporting rate, and the green spots show acceleration (or a favourable change) in the trend. Note that due to modelling method, the ends of figures tend to blow out as there is no data from which to predict trend.
While three years does not make a trend, Aussie Backyard Bird Count data from heavily urbanised areas suggest we are seeing a decline in this iconic species in the eastern capitals. Likely reasons for this are the loss of nesting hollows and possibly reductions in the availability of prey as we increasingly modify our urban landscapes. We don’t really know as this is not an area that has been researched.
We need citizen scientists
Collecting enough data (especially from the backyards of towns and cities) to detect these kinds of changes can be an overwhelming task. This is where citizen science programs like the Aussie Backyard Bird Count can help.
As well as helping ecologists track large-scale biodiversity trends, it also gives people the chance to connect with their natural environment and gain a greater appreciation of our unique fauna.
As with all citizen science projects, there are limitations in the data being collected. However, the Backyard Bird app has been designed to make counting as simple and standardised as possible, providing confidence in the tally of common and “iconic” species, and filling in the gaps found in other data sets.
The good old kookaburra is neither rare or cryptic. If anything, if people are seeking out “good” bird habitat to survey we would expect that kookaburras would be one of those species subject to inflated reporting. But this is not what we encountered.
<img src="https://counter.theconversation.com/content/86469/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">If we are starting to see declines in species that we have traditionally considered secure, what does this mean for those that are already at risk? Once all the data from the Aussie Backyard Bird Count have been collated and vetted we will continue to explore the developing trends in Australia’s urban birds. Increasing engagement and awareness in our communities can help ensure our backyard birds are still around to count next year.
Kerryn Herman is a research ecologist at Deakin University.
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/citizen-scientists-count-nearly-2-million-birds-and-reveal-a-possible-kookaburra-decline-86469" target="_blank">original article</a>.
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Counting birds sheds new light on our cities: Kerryn Herman

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A Melbourne property co-owned by comedian Andy Lee and his brother sold at weekend auction.
Lee and girlfriend Rebecca Harding entered the <a href="https://www.realestate.com.au/sold/property-house-vic-seddon-126527802" target="_blank">Seddon house</a> before the auction which saw the home sell for $1.04 million, well above its $730,000 to $800,000 marketing guide.
The agency's initial price guidance had been $700,000 to $770,000.
It last traded at $655,000 in 2010.
Renovated since their 2010 purchase, the single-fronted Victorian has two bedrooms, a study nook and an enclosed alfresco terrace.
<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/2017/11/2/Seddon2.jpg" alt="">
Fletchers Real Estate Canterbury agents Harpreet Walia and Nick Fletcher sold the home.
It had been a rental for most of the past five years with asking rents around $480 to $500 a week.
Another Melbourne comedian has been busy in the property market.
Dave Hughes bid $3.07 million for the renovated Block Elsternwick home of winners Josh and Elyse at the televised auction last weekend.
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Comedian Andy Lee sells renovated Seddon home

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Overstand, a sprawling 1920s Wembley house, has been sold for $2.5 million.
The <a href="https://www.realestate.com.au/sold/property-house-wa-wembley-125291810" target="_blank">Harborne Street</a> home is believed to be the first house built in the Perth suburb.
It has been restored and extended since last sold at $1.2 million in 2008, with its elevated position with views.
The three original bedrooms feature fireplaces.
<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/2017/06/02/115%20Harbone%20Street-2.jpg" alt="">
There is also an original weatherboard cottage and cellar, used as a kitchen until the 1950s, that have been converted into a self-contained studio with kitchenette, ensuite and bedroom.
 
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Wembley's first house Overstand sold

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Waratah or Manumbar, one of a pair of mirror-image mansions in Coburg, has been listed for sale.
Offers close November 21 for the 1890s heritage-listed house at <a href="https://www.realestate.com.au/property-house-vic-coburg-126759250" target="_blank">47 The Grove</a> which last sold for $730,000 in 2000.
The property, which has a price guide of $3 million to $3.3 million, was designed by architect TJ Crouch.
<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/2017/11/1/Coburg2.jpg" alt="">
It was renovated in 2007, extending the home on its 932sq m landscaped gardens lot.
It has wraparound verandas and balconies, tower, stained glass windows, ornate plasterwork, decorative breezeways, intricate cornicing, and open fireplaces with original marble mantels.
It last sold 17 years ago.
Nelson Alexander Coburg’s Jacqui Knapsey has the offering.
 
 
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Coburg mansion, built as a mirror-image of next door, listed for sale 

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While the pace of capital gains has slowed across most regions, the latest CoreLogic data suggests some momentum is gathering across rental markets, however, rental growth has not been high enough to reverse the downwards trend in yields.
The national annual pace of rental growth has lifted from 0.9% a year ago to 2.8% over the most recent twelve month period.
Considering national dwelling values were 6.6% higher over the past twelve months and rents rose by 2.8%, yields have compressed further over the past year and generally remain at or close to record lows in most cities.
The two exceptions are Sydney and Darwin, where yields have shown a subtle improvement over recent months, due to dwelling values underperforming relative to weekly rents. Mr Lawless said, “If the Sydney market continues to see values slip lower while rents gradually rise, yields will repair, however a recovery in rental returns is likely to be a slow process.”
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Gross rental yields across Melbourne remain the lowest of any capital city, with the typical dwelling attracting a gross yield of 2.89% (record low) which is 20 basis point lower than a year ago. To provide some context about why rental yields have compressed so much, over the growth cycle to date, Melbourne dwelling values are up 58% while weekly rents have only increased by 15.5% over the same time frame.
 
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Rental conditions improving but yields remain low

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year. The developer also plans to redevelop the 13,088 sqm WIN Grand megasite into a new $500 million precinct with nearly 600 apartments and has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

Joel Robinson

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada files for trio of apartment towers in Campsie town centre</a>

Arada entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

Staff reporter

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