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Sydney has the highest growth in total property listings, according to CoreLogic’s latest report.
The property data firm says that over the past 12 months the number of total listings has risen by 16.1%.
Canberra takes second place with a total listing rise of 6.7%.
<a href="https://www.propertyobserver.com.au/images/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.11%20pm.jpg" target="_blank">Click to enlarge</a>
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However Darwin takes top spot for the highest growth in new fresh listings with 15.8% growth in the past 12 months, albeit a very small offering.
Hobart has biggest decline of total listings with a decline of 31.7% in the past 12 months.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-marayong-126273506" target="_blank">27 Daraya Road</a>, Marayong, NSW (above) has been listed for between $795,000 to $845,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-winmalee-126272774" target="_blank">2 Nicole Place</a>, Winmalee, NSW (below) has been listed for $679,000.
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j.ballantyne1990-6AQqhLzZaK

Sydney total listings rises by 16%: CoreLogic

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Perth is the only locality where home values have declined over the past year, according to CoreLogic’s latest report.
The property data firm says that in the past 12 months Perth’s home values has declined by 3.2%.
This is not helped by the weekly decline of 0.6% or its monthly decline of 0.7%.
<a href="https://www.propertyobserver.com.au/images/2017/08/28/Screen%20Shot%202017-08-28%20at%201.23.03%20pm.jpg" target="_blank">Click to enlarge</a>
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Melbourne scores the highest 12 month growth in home values with an increase of 15.4%.
Sydney trails behind Melbourne with a 12 month growth of 11.6%.
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Perth home values decline by 3% over past 12 months: CoreLogic

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The penthouse atop the 1788 Double Bay six-storey building sold for $10.5 million shortly before Saturday’s VIP launch of the 31 apartments.
Its sale was followed by an apartment on level three for $9.6 million.
The six-level complex is due for completion in early 2019.  
Empty nesters from Darling Point and Bellevue Hill were the buyers of the development’s top two sales.
Both topped the suburb’s previous apartment record when $8.9 million was paid in 2014 when the Chancellor penthouse sold to Lynette Harvey.
Selling agent Ben Stewart said at 180 square metres, the penthouse sale translated to a bullish $58,333 per square metre.
At Saturday’s VIP launch, just 11 of the 31 apartments sold for a total of $55 million.  
Sales included $3.8 million paid for a two-bedroom apartment, a very strong price.
Designed by Bates Smart, it is due to be complete by early 2019 by SJD Group, headed by Shanghai developer Shi Jiandong, who bought the Cross Street site from the Roche family last year for $54.6 million. The developers, SJD Property, are most famous for Rich Gate — among the most expensive compounds in Shanghai.
The company also bought the site next door in July for $45 million from the dry cleaning business owning Eisman family.
As part of Woollahra Council’s revitalisation of Double Bay it recently entered into a public-private partnership with Axiom Properties and its development and cinema consortium, Built and Palace Cinemas, to convert the public car park elsewhere on Cross Street into a mixed residential and commercial building with a boutique cinema complex, retail space and public parking.
Late last year TOGA sold all 13 apartments in its new Double Bay development; ahead of the sales suite opening to the public.
The Hunter is a $50-million boutique-style development located elsewhere on Cross Street.
The buyers were from its registered database of clients.
They sold within a fortnight of pre-marketing.
TOGA Development &amp; Construction Chief Executive Officer, Fabrizio Perilli said 10 of the 13 apartments sold to owner occupiers.
It will be anchored by a boutique ground-floor retail precinct with a mix of cafes, restaurants and wine bars in a nod to Double Bay’s European character.
The JPR Architects-designed building will feature a contemporary terraced facade with shuttered balconies above the retail precinct to create a European-inspired connection between the private and public domain.
Construction at is scheduled to be completed in early-2019.
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Double Bay's 1788 disappoints with less than half sold

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The banned Newcastle Knights halfback Jarrod Mullen has listed his four bedroom Merewether home.
It comes with $2.4 million to $2.6 million price guidance for its September 2 auction through Ben Robinson at Robinson Property.
The double storey home was renovated and extended in 2016 renovations. 
The listing comes just weeks after Mullen has sold his Newcastle investment apartment for $640,000.
Mullen has a four year ban for testing positive for steroids, with his NRL career all but over. 
Battling hamstring injuries for several months, Mullen insists he was naive, rather than a steroids cheat, for taking the needle that resulted in the Knights tearing up his contract after 211 NRL games for the club.
The Merewether home was bought in 2011 for $825,000.
This article first appeared in the Sunday Telegraph. 
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Banned Newcastle Knights halfback Jarrod Mullen lists in Merewether

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One of Richmond’s oldest houses sold for $2.7 million after passing in at weekend auction for $2.665 million.
The 1860s Italianate Victorian at <a href="https://www.realestate.com.au/sold/property-house-vic-richmond-126070002" target="_blank">14 James Street</a> was built for James Dickson, founder of James Dickson &amp; Co cordial company, in 1864.
It was offered by a family who have owned it since 1964.
Advantage Property Consultant director Frank Valentic told the Herald Sun the buyer planned to renovate the residence, which he estimated would cost at least another $500,000.
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One of Richmond’s oldest houses sold for $2.7 million

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Around 14 buyers who bought apartments off the plan in a tower in Sydney's south-west at discounted prices are now facing the loss of their investment.
It comes after the developer defaulted on a loan from a British Virgin Island lender.
The home buyers, described by the Australian Financial Review as mostly Mandarin speakers, all with Chinese names, are considering legal action.
It comes after Hua Cheng International Holdings Group, the developer of the 100-unit Royal Plaza property in Woodville Street, Hurstville, defaulted on a loan to Chinese-backed Super Vision Resources.
In July, Super Vision appointed Ernst &amp; Young and Hall Chadwick as receiver and liquidator.
They have now seized the 14 apartments that were purchased off the plan at a big discount, along with another 16 unsold apartments. 
The property know as 2 Barratt St and 18-22 Woodville St, Hurstville.
When the 14 buyers paid for their discounted apartments in 2013, they paid for them in full, but did not received title. 
Some of the buyers hired lawyers before they bought the apartments and were warned not to buy them.
Lawrence Xu, the chief executive of Hua Cheng, told the paper that he was unable to get development and construction finance from the big four local banks but found $35 million from British Virgin Islands registered Super Vision. They agreed on a interest rate of 15 per cent.
Super Vision is a subsidiary of the state-owned Chinese financial services firm, China Orient Asset Management Corporation, based in Beijing.
Mr Xu blamed the lender for the default, the AFR reported.
He ran into cost overruns and the funds that arrived five months late.
Paying down the loan to Super Vision, Hue Cheng said that in 2013 it sold 14 two-bedroom apartments at a discounted price of $450,000 to the 14 Chinese buyers who paid upfront. 
The normal sale price was $650,000 to $700,000 each, World Square Property Group said.
The buyers said they were looking at the role of both the lender and the developer in this mess. 
"We want to chase these two parties for justice," one buyer said.
Interest rates vary depending on the risks of projects from standard rates of about seven per cent for apartment loans up to 20 per cent for development loans.
The receiver and liquidator declined to comment.
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Hurstville off the plan buys at risk after developer default

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Hassad Food – owned by Qatar's sovereign wealth fund the Qatar Investment Authority – is selling Raby Station.
Hassad Australia was established in 2009 as Hassad Food Company's first overseas investment with the purchase of the prized Kaladbro Estate in far western Victoria for about $25 million.
It has built a portfolio of more than 130 hectares worth well over $100 million.
But the company has now changed tack and has started selling properties including Kaladbro to the Brinkworth family and more recently Clover Downs to the Zell family for about $27 million.
The agricultural company has listed Raby Station, the 8560 hectares Warren-district sheep holding.
Landmark Harcourts' Trevor Wilson and Phil Rourke will be handling the marketing.
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Hassad Food lists Raby Station

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The former centrepiece of Nathan Tinkler's Hunter Valley horse breeding empire has been sold to funds manager Andrew King.
He's the Belrose based pastoralist who founded the king of short sellers, Regal Funds Management.
With cattle now grazing in paddocks, it has been on and off the market since 2014, when a mooted sale to <a href="https://www.propertyobserver.com.au/https://www.maccalluminglis.com.au/17763755" target="_blank">Middle East interests collapsed</a>.
More recently a Sutherland Shire family came close to buying it from the Patinack horse breeding and racing empire which was funded in the desperate last days by the retailer Gerry Harvey. 
King's rural business bought the Hereford cattle farms, Mt Hope and Beverley Downs in central NSW at Coolah, for a $10 million from the Welsh family earlier this year.
This article first appeared in the Sunday Telegraph.
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Sandy Hollow, former centrepiece of Nathan Tinkler's Hunter Valley horse breeding empire sold

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A redundant Toorak tennis court block was the nation's top selling auction result.
The $7.8 million sale secured a 773 sqm <a href="https://www.domain.com.au/16-stradbroke-avenue-toorak-vic-3142-2013758331" target="_blank">Stradbroke Avenue</a> block.
It was sold by the neighbours on the eastern side who had paid $710,000 in 1996 and then knocked down the house.
The sale was almost $2 million above the reserve price of $5.9 million.
It was sold on Saturday morning to a local Toorak family for $7,805,000 after a June pre-auction sale fell over at around $6 million. 
Auction activity increased across the combined capital cities over the past week with 2,239 homes taken to auction.
It was the largest number of auctions held since the first week of June, CoreLogic auction analyst Kevin Brogan said.
 The larger volume of auctions returned a preliminary auction clearance rate of 71.1 per cent, up from last week’s final results when 2,064 auctions were held and 69.8 per cent cleared. 
Over the corresponding week last year, the clearance rate was 74.5 per cent when 2,153 auctions were held.
"It is expected as more results are collected that the final auction clearance rate will revise lower to remain within the high 60 per cent range, where clearance rates have been tracking since early June," Brogan said.
 Melbourne's 1116 offerings ranked as the highest volume of auctions for the weekend and then the highest clearance rate of 73.8 per cent.
The city's highest house sale was at Glen Iris when <a href="https://www.realestate.com.au/sold/property-house-vic-glen+iris-126078254" target="_blank">a 2011-built five bedroom house</a> fetched $5.77 million.
The 1000 sqm Anthony Street block had sold at $1.83 million in 2009.
The Glen Iris home of three-time track and field Olympian Lauren Fox, nee Hewitt, was passed in on a $2.85 million vendor bid.
Marshall White agent Zali Reynolds said <a href="https://www.realestate.com.au/property-house-vic-glen+iris-126046346" target="_blank">the 1920s Britten Street home</a> was for sale at $3.15 million.
Sydney’s preliminary clearance rate increased to 71.6 per cent across a higher volume of auctions week-on-week (814).
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The highest notified Sydney price across its 644 auction results was $7.11 million on Macquarie Street, in the Sydney CBD.
It was a <a href="https://www.domain.com.au/1503-61-macquarie-street-sydney-nsw-2000-2013752867" target="_blank">three bedroom penthouse</a> in the late 1990s Pullman Quay Grand featuring Circular Quay and Botanic gardens views from its 242sqm space.
It had previously sold at $3.7 million in 2012.
Last week’s final figures saw 67.8 per cent of the 720 auctions cleared, which was down on one year ago, when 788 auctions were held across Sydney at a 78.5 percent clearance rate.
Sydney's CBD and Inner South region recorded the strongest clearance rate of 80.6 per cent across 81 auctions.
The preliminary clearance rate in Brisbane was 45.4 per cent, similar to the 45.1 per cent over the previous weekend.
Auction volumes were similar with 138 auctions held, as against 135 last weekend. 
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Adelaide recorded a preliminary clearance rate of 75.5 per cent across 68 auctions this week, up from 62.4 per cent across 98 auctions last week. 
Over the corresponding week last year, 83 Adelaide homes were taken to auction, with 63.3 per cent recording a successful result.
There was a narrow $2250 difference between the nation's cheapest weekend results at Brisbane and Adelaide.
There was a <a href="https://www.realestate.com.au/property-house-qld-deception+bay-126011226" target="_blank">$265,000 Deception Bay three bedroom house</a> sale, some 32 kms north of the Brisbane CBD.
In Adelaide there was a $262,750 sale when <a href="https://www.realestate.com.au/property-house-sa-para+hills-126131658" target="_blank">a three bedroom Para Hills house</a> was sold, some 17 kms north of the Adelaide CBD.
There had been $250,000 pre auction hopes for the Adelaide offering.
In Perth, 33 auctions were held this week with 62.5 per cent successful, up on last week when the final auction clearance rate for Perth was 50 per cent across 35 auctions.
Canberra’s preliminary auction clearance rate of 71.2 per cent this week is lower than last week, when the final auction clearance rate was 74.6 per cent and lower than the 71.4 per cent recorded last year.
The top ACT sale was at Yarralumba where $1.39 million was secured for <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/7-weld-street-yarralumla-canberra/1317415336611" target="_blank">a three bedroom home</a> with the cheapest a <a href="https://www.realestate.com.au/sold/property-house-act-charnwood-126061154" target="_blank">three bedroom home at Charnwood</a> that sold for $401,500, that had been listed with $390,000 plus hopes.
Tasmania saw eight auctions take place this week, six results have been reported so far, with five sales. 
There was a $336,000 sale at East Launceston, <a href="https://www.realestate.com.au/property-house-tas-east+launceston-126131314" target="_blank">a three bedroom 1880s weatherboard home</a>.
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Melbourne tops auctions again with $7.8 million Toorak tennis court sale

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"Aussie" John Symond's ownership of his mortgage broking empire has come to an end. 
The Commonwealth Bank of Australia has finalised the purchase of Symond's remaining 20 per cent stake in Aussie.
The Australian Financial Review says the price eclipsed initial expectations. 
The payment, which was made via 2.1 million CBA shares at $78.54 apiece, came in at almost $164 million.
It was well ahead of initial expectations of as much as $90 million.
Symond is said to have been given the option to take stock or cash this time round, but opted for the former as he did in previous sell downs. 
Sources said he had confidence in the domestic banking system and CBA's prospects, despite the bank's AUSTRAC and regulatory woes. 
Street Talk said the last time CBA moved on Aussie was in 2012 when it increased its holding from 33 per cent to 80 per cent.
That deal was said to value the broker at $420 million, whereas the latest sell down delivers Aussie an $820 million valuation.
CBA's latest results showed home loans originated through its proprietary channels, such as branches, accounted for 57 per cent of new mortgages as at June 30. Loans through brokers sat at 43 per cent.  
It reflected a move away from broker originated loans when the split between the two channels was 50 per cent each just a year ago.
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CBA finalises buyout of Aussie John's remaining stake in Aussie Home Loans

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Joel Robinson

Lendlease selected to deliver transformative South Brisbane riverfront precinct

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 plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also 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.

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 Australia</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 Australia'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 Australia 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 Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia 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 Australia 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.

Staff reporter

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