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As with the Highlands, there is now a mix of property types in the Southern Tablelands, Goulburn region, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the traditional well located older homes are still sought after, however, there has also been a push for modern family homes.
Land releases are continuing in North and West Goulburn and land sales are increasing in the new and modern residential estates including Belmore Estate, Merino Country Estate and Mistful Park Estate.
The most active market is the $200,000 to $600,000 sector, median $350,000 (up 5% in 2015). There is also good activity in construction of new homes.
Goulburn is rich in heritage architecture and there is good renovation construction activity in these older character homes. An example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-goulburn-123681226" target="_blank">18 Elizabeth Street </a>(pictured above) that is for sale for $385,000.
The main buyer profile is Sydney based investors tapping into their equity as well as tree change purchasers from Canberra.
"In general the region is enjoying a strong level of sales activity, although the top end properties ($1 million plus) are trading at a slower pace then the sub $750,000 market," the report says.
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Southern Tablelands property market attracting Sydney investors: HTW

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The residential market in Perth appears to be very segmented at present, with several mortgage belt areas appearing to be in a downward spiral, according to Herron Todd White’s (HTW) latest monthly market report.
However, several upgrade pockets holding their own and some prestige areas doing reasonably well.
The property advisory firm says that weekly sales activity is exactly the same as 12 months ago and listings are slightly lower.
The median sale price for houses is steady at $530,000, while the median sale price for units fell off a cliff last quarter from $435,000 to $405,000, coming off a high of $452,000 in 2014.
"There are bargain hunters out there, but there are also many people who have simply been paying off debt or building up savings for many years and are now in a position to upgrade to those areas they have been desiring," the report advised.
"There is more competition for sought after products than there was six months ago."
It noted that many neighbouring suburbs are performing at vastly different levels.
Investors have largely retreated from the market over the past 18 months however speculation about the timing of the bottom of the cycle is rife.
"Small scale development sites in particular have been on the nose, but with prices in many areas approaching single residential value reducing the risk profile of these sites, they appear to be rebounding," the report noted.
"An example of this can be found in Gabriel Street, Cloverdale, where many sites have a zoning of R20/50/100 and offer a variety of development opportunities."
The property at <a href="https://www.realestate.com.au/sold/property-house-wa-cloverdale-122239714" target="_blank">127 Gabriel Street</a> (pictured above) transacted in May 2016 for $535,000, whilst an almost identical property situated at 131 Gabriel Street transacted in July 2015 for $610,000.
More recent activity indicates a higher level of interest in similar properties above $550,000.
In the more traditional market, the trend appears to be that the market is avoiding the best house in the worst suburb and normalised to the worst house in the best suburb. Market activity through premium suburbs such as Cottesloe, Mount Pleasant and Leederville has improved, with a significant level of activity at entry level prices.
This is being driven by buyers who have long desired to reside in such suburbs and due to personal circumstances including debt, job security and current interest rates, they can now take the plunge.
Less desirable areas such as Camillo, Koondoola and Girrawheen are struggling for traction, largely due to older style, generic housing options not inspiring the market, when perceived better value offerings are available in better located or more desirable suburbs such as Parkwood, Warwick and Greenwood.
Buyers include first home buyers plus upgrade activity from current owners within those less desirable suburbs.
There remains activity in traditional first home buyer suburbs on the urban fringe, albeit at base entry prices. Suburbs such as Golden Bay, Secret Harbour, Wandi and Wellard in the south along with Banksia Grove in the north are attracting the majority of interest, with the driver appearing to be affordability and reasonable proximity to public amenities.
Many new and developing estates previously targeted by upgrade activity are now struggling for traction, with re-pricing of land common, as are rebates and performance incentives.
Areas such as Eglinton, Butler and Alkimos in the north and Piara Waters in the south are competing with near new, fully established products which are often purchased at a discount to the buy and build process. As such, sales activity and fall over rates in such areas are reportedly significantly higher than 12 months ago.
Land prices in these areas remain the key to their performance through the remainder of 2016. Many developers are reluctant to meet current market price expectations and more innovative estates are likely to come to the fore.
Estates where developers have significant relationships with large scale builders that can secure a significant volume of lots will remain attractive, as the cost efficiencies of mass construction narrow the gap between the traditional buy and build and the established housing market.
However HTW suggested caution still needs to be applied in such scenarios, including the land and building cost splits, quality and variety of product offering and most importantly, the amenity offerings within the estate or immediately nearby.
 
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Small scale WA development sites are rebounding: HTW

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In the $500,000 to $800,000 Adelaide price range, there is activity in city fringe suburbs as always, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that first home buyers who can purchase a quality property under $500,000 within proximity of the CBD are generally in a happy situation.
The buyer demographic is generally home buyers and those upgrading. Older first home buyers are also active in this market segment.
There is increased interest in properties under $500,000 in suburbs close to the CBD. Closer proximity to the CBD in this price bracket generally results in greater interest.
In Adelaide, a purchase price of between $500,000 and $800,000 provides buyers with a myriad of options. Within five kilometres of the CBD, this property will typically be detached and may be renovated. Outside of this radius, buyers can purchase a detached dwelling on a good sized allotment which has likely been renovated.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-sa-adelaide-123806594" target="_blank">71 Whitmore Square</a> (pictured above) that is for sale for $580,000.
This price range is generally affordable for purchasers with a dual income. It’s becoming increasingly difficult for purchasers with a single income to enter the market at this price point without a substantial deposit to cover stamp duty in particular.
"Properties in the outer northern suburbs between $200,000 and $400,000 are probably slowest at the moment with the predominant buyer in this area being investors with larger deposits who are more risk averse in light of economic uncertainty within the region," the report advised.
There is decreased first home buyer activity as well as decreased investor interest given economic uncertainty with the pending closure of the Holden manufacturing plant at Elizabeth.
The level of market activity at different price points does depend on location and generally proximity to the city and facilities. Affordable suburbs adjacent to popular and more expensive areas are also experiencing increasing market activity as buyers seek affordability.
On the other end of the spectrum, northern suburbs such as Andrews Farm have experienced somewhat stagnant market conditions in the past few years. This is an outer northern suburb situated approximately 32 kilometres from the Adelaide CBD. Increasing development of new housing in this area is causing demand for older dwellings to drop.
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City fringe suburbs in Adelaide continue to be preferred investment area: HTW

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Brisbane has failed to reach investor expectations of a growing property market, according to Herron Todd White's (HTW) latest monthly market report.
The property advisory firm noted that investors were expecting Brisbane property prices to soar, however, it has failed to meet expectations.
"Good old Brisbane has seen the broad gamut of market activity from feast, to famine, to... “mehh”," the HTW report stated.
"Here we are in one of the most attractive, saleable and liveable cities on the continent... and we still haven’t seen our market firing strong right across the board.
"There have certainly been winners and losers but overall, average punters were expecting bigger value gains in the past four years.
"A lot of talk in 2013 was around Brisbane being ‘THE’ place to invest, but it’s generally failed to rise to expectations."
At present, HTW suggest there’s no doubt the strongest markets continue to be within 10 kilometres of the CBD.
"That’s a common theme here in Brisbane – stay close to the city centre and you won’t get hurt.
"There are a few reasons why you buy within a reasonable distance of the big smoke.
"Number one, this has traditionally been our most successful sector. In Brisbane, the closer in you are, the better your chances of consistent capital gains and ongoing tenancy.
"You do, however, need to be selective about property type and quality.
"The mantra must be whenever possible, choose detached housing in a decent location above all else.
"It will reduce the risk and improve your chances of success."
Herrod Todd White advises investors to be cautious about off-the-plan purchases and new units.
"As we’ve been saying for some time now – be very cautious about new units and off the plan purchases, particularly those designed to appeal to investor buyers. They are almost impossible to justify as a good choice in the current market.
"Another reason this inner zone is [Brisbane's] best? There’s no doubt that compared to Sydney and Melbourne, our property prices are an absolute steal. We’re regarded by many as the third big capital (apologies to Perth) so if you’re a transient investor focussing on between big cities and you’re looking for more property bang for your buck, it’s hard to ignore Brisbane and the suburbs closer to the centre."
Price points of appeal within this magic radius are broad. Any purchase between $500,000 and $1 million is sure to catch the eye of buyers – and most are looking to owner-occupier stock for solid investing.
HTW said the strongest interest comes from young professional couples as well as families who want to be in close proximity of schools, public transport and services.
"We also find once you go above the magic $1 million mark, the number of potential purchasers begin to decline significantly," the report observed.
Cheaper buy-ins for investors do tend to be in suburbs a bit further out. There are plenty of sub- $500,000 options in areas like Kingston, Slacks Creek and Caboolture and certainly tenant demand remains fairly strong, however you must still look for good land content with a detached home if you want to mitigate risk.
One example would be a five bedroom home at <a href="https://www.realestate.com.au/sold/property-house-qld-slacks+creek-123169834" target="_blank">74 Kana Crescent</a> (pictured above) that was recently sold for $509,500.
When talking famine market, it is in fact these further flung addresses that struggle most.
Property type is key to performance, with townhouses and units in outer suburbs are very slow to sell.
This is evident in areas such as Marsden and Kingston where there are a lot of established townhouses as well as a continual supply of new townhouses that are mainly sold to interstate investors.
This high level of supply is well and truly exceeding demand and turnover can be a bit retched at times.
There’s also quite a large price difference between a new townhouse and an older established townhouse – although the rental return on the older townhouse is comparatively strong.
The investor who feels they must look at attached housing a bit further out, should consider purchasing a discounted older townhouse that may need a bit of renovation rather than something brand spanking new, HTW advises.
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Brisbane property market disappointing investors: HTW

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Demand for housing in Mildura is greatest in the $225,000 to $450,000 price bracket, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that buyers in this range are predominantly owner occupiers, comprising a mix of first home buyers and people trading up from cheaper first homes. It is difficult to find a well maintained dwelling for less than $200,000 in Mildura, however cheaper houses can be found in some of the surrounding towns.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-vic-mildura-123792114" target="_blank">1 Crosbie Court</a> (pictured above) that is for sale for $269,000.
The volume of sales above $500,000 is relatively low, however there is generally buyer interest if properties have good outdoor living areas, shedding or swimming pools.
Selling periods for properties priced above $600,000 are often longer than three months, but there are exceptions.
"Often we find that buyers of more prestigious housing are people relocating to Mildura for either work or retirement purposes," the report said.
"This group is generally able to act quickly when they see a property that suits their needs," HTW noted.
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Prestige market buyers relocate to Mildura for work or retirement: HTW

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The Mackay residential market currently is considered a buyer’s market, with the best purchasing conditions seen in over a decade, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the story of the Mackay market really is a glass half full versus glass half empty scenario.
"On the glass half empty side, we have seen values of residential properties fall 30% and higher in some areas on the back of the downturn in the resource sector, which Mackay is heavily reliant on," the report noted.
Rental vacancies have ballooned from below 1% to the current 7.7 percent which is actually down on the high of over 9 percent. Rental values have almost halved from the peak conditions in 2012.
"On the glass half full side, we now have buying and renting conditions not seen since the early 2000s.
"This is becoming noticeable in the current market, with increased sales volumes (albeit at low prices comparatively speaking).
"The price point that appears to have most volume is the sub $300,000 and in particular the low $200,000 properties."
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-mackay-122255734" target="_blank">12 Boddington Street</a> (above) that is for sale for $249,900.
For this price you can get an average quality high set dwelling in the established suburbs north of the river, or an older style Queenslander in average condition south of the river.
Previously, Mackay was seen as a mining town being unaffordable and too expensive to live for people not associated with the mining industry.
Couple these house prices with historic low interest rates and Mackay is now seen as a very affordable alternative to other coastal centres in Queensland.
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Best purchasing conditions in Mackay, but rental values are halved: HTW

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First home buyer demands have remain unchanged compared to two years ago while investor demands have declined by 20 percent, according to QBE's latest housing outlook report.
This is illustrated in the change in moving annual turnover of residential loans to first home buyers, non–first home buyers (i.e. upgraders and downsizers, as illustrated in chart 4 which include all purchases made for owner occupation and where the buyer has previously owned another dwelling) and investors.
The chart represents trends for Australia, which masks some differences across the states, as outlined later in this report.
<a href="/images/2016/10/13/Chart%204.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/13/Chart%204.jpg" alt="">
First home buyer demand has been declining since the end of calendar 2014. In 2015/16 the number of first home buyer loans was 1.8% below the year prior. Loans to non–first home buyers rose by 7.1% in 2015/16, after recording an annual 0.9% rise in 2014/15.
Growth in loans to investors peaked in 2014 and has steadily slowed before recording a decline in 2015/16. Monthly loans to investors have been below the same month a year earlier since August 2015, which has corresponded with the timing of tightening bank lending policy toward investors. The total annual decline in the value of loans to investors in 2015/16 was 16.8%.
First home buyer demand is important because it creates demand for entry–level properties, facilitating broader demand by encouraging current occupiers to upgrade through the value chain. As a result, incentives have often been put in place to promote first home buyer demand during times of market weakness.
Table 3 shows existing state and federal government incentives offered to first home buyers. It refers to grants available specifically to first home buyers and not broader grants and incentives first home buyers can also access. Where stamp duty concessions are offered, the maximum concession is indicated. It should be noted there are some purchase price limits for grant eligibility which vary by state.
Over the past five years there have been progressive changes in first home buyer incentives across all states to favour purchasers of new homes over existing homes. The long–term impact will be a shift of first home buyer demand that would have otherwise been for established homes into the new home market, thereby adding to supply.
<a href="/images/2016/10/13/Table%203.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/13/Table%203.jpg" alt="">
The short–term impacts on the market as a result of the progressive removal of incentives for the purchase of established dwellings are:
• Future first home buyer demand was brought forward to take advantage of the grants before they expire, leaving a vacuum of first home buyers in the established market immediately afterwards.
• A delay in the next round of first home buyers who then have to accumulate a larger deposit to compensate for the lack of financial assistance. In periods where prices are rising, this delay could take longer as the deposit hurdle progressively increases.
With first home owner demand being fixed (i.e. households are first home buyers only once), incentives do not create or diminish demand but rather serve to shift existing demand through time. Once the impacts of the changes to incentives are worked through, first home buyer demand should return to long–term averages.
This is likely to be the case in the coming years with first home buyer incentives now being relatively stable.
Tasmania and South Australia removed the first home buyer incentives for existing dwellings in July 2014 and have accordingly shown higher first home buyer activity in 2015/16 as they progressively recover to long–term levels.
Victoria experienced 5.6% growth in first home buyer loans in 2015/16, with the 9.3% year–on–year growth in June quarter 2016 suggesting that first home buyer activity is strengthening.
In Queensland first home buyer loans have been stable in recent years with little to no change in the number of loans over 2014/15 and 2015/16.
New South Wales has been similarly flat, recording recent marginal declines in loans, but the average annual number of loans in New South Wales in the five years to 2015/16 is down 32% on the average over the six years to 2010/11.
Western Australia experienced a decline in first home buyer loans in 2015/16, caused by a deteriorating economy, and the fact that first home buyer demand had held up strongly between 2011/12 and 2014/15.
The Northern Territory removed the incentives for existing dwellings in January 2015 and accordingly first home buyer activity was significantly lower in 2015/16, although the pace of decline was beginning to slow by June quarter 2016.
The Australian Capital Territory has also shown declining numbers of loans to first home buyers after a peak in activity in 2014/15.
Australian Bureau of Statistics (ABS) data on loans to first home buyers are derived from returns submitted by financial institutions to APRA at the time of the loan approval.
A first home buyer is defined as “a borrower entering the home ownership market for the first time”. The definition includes all first home buyers obtaining a loan (and not just those eligible for grants) but excludes first home buyers who are investors as the data relates to loans for owner occupied properties.
There is some evidence to suggest that an increasing percentage of first home buyers, particularly in the higher priced cities of Sydney and Melbourne, are purchasing an investment property as their first home as a stepping stone into the market.
<a href="/images/2016/10/13/Chart%205.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/13/Chart%205.jpg" alt="">
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First home buyer demand declining as non-first home buyer loans increase: QBE Housing outlook

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Tighter lending to investors is tipped to soften the Australian residential property market during the next three years, improving affordability and creating opportunities for owner occupiers, according to QBE’s Housing Outlook 2016-19.
The QBE commissioned BIS Shrapnel report, now in its 15th year, is an annual overview of the Australian housing market and forecast movements.
Brisbane is forecast to experience the highest house price growth of the three largest capital cities to June 2019, while Brisbane unit prices are expected to fall by a cumulative 8.2 percent in the same period.
Sydney house prices are tipped to remain flat in the period to June 2019, while unit prices are forecast to fall 6.8 percent cumulatively during the next three years.
Melbourne house and unit prices are forecast to decline, with units expected to decline by a total of 9 percent to June 2019, according to the report.
Nationally, slowing rental and price growth is likely to contain investor appetite for residential property, and recent tightening in bank lending policy towards overseas investors will also slow overall investor demand, the QBE Housing Outlook finds.
QBE Lenders’ mortgage insurance chief executive officer Phil White said it was a fascinating time to be looking at the Australian residential property and mortgage market. 
“Prices are forecast to soften through the three years to 2019, which is likely to be positive for housing affordability.”
Fewer investors are now entering the market due to banks tightening lending criteria. In 2015/16 investors accounted for 44 percent of all residential loans, compared to 51 percent in 2014/15, according to the report.
“It’s expected owner occupiers, including first home buyers, will be stepping in to pick up some of this opportunity in the market.”
Phil White said meeting the long-term demand for housing with the limited availability of land in most of our capital cities, will remain a significant challenge for State and Territory governments and underpin long-term property prices.
Sydney
Sydney's median house price reached $1.048m at June 2016 and is forecast to rise by 1.7 percent to $1.065m by mid-2017 before decreasing to $1.055m by June 2018 and $1.050m by June 2019, resulting in median house price growth being effectively flat by the end of the forecast period.
Price growth in the Sydney unit market has been below that of the house market. Sydney’s median unit price rose by an estimated 41 percent in the four years to June 2016. However, price growth has already started to flatten with the median unit price growing by just 3 percent in 2015/16.
Sydney’s median unit price growth is forecast to fall 1.8 percent in 2016/17 and cumulatively by 6.8 percent during the three years to June 2019 to a median unit price of $680,000.
Melbourne
The underlying demand and continued growth of the Melbourne house market has been underpinned by a strong population increase, with Victoria recording a net boost of 11,000 people in the year to June 2016. This population growth has continued to maintain a deficiency of dwellings in the Melbourne market despite continued growth in new dwelling supply.
Melbourne will see dwelling completions peak in 2016/17. Short term population growth is expected to ease and a 0.6 percent price decline in the median house price is forecast for the period ending 2018/19.
Record levels of unit completions and a strong project pipeline are expected to affect Melbourne’s median unit price, which is forecast to decline by a total of 9 percent to June 2019.
Brisbane
Moderate house price growth in Brisbane during the past four years is in line with Queensland’s challenging economic conditions. Without strong employment drivers, Queensland is not expected to be able to capitalise on Brisbane’s affordability advantage over Sydney and Melbourne.
Nevertheless, an overall dwelling deficiency should help to support Brisbane’s median house price that is forecast to rise by 6.5 percent to June 2019, the highest price growth during this period of the three largest capitals.
Perth
After peaking in December 2014, Perth’s median house price declined by 5.6 percent in the eighteen months to June 2016. Mining investment is now greatly reduced and economic conditions have weakened. Perth’s median house price is forecast to decline by 3 percent to June 2018 while the forecast median house price at June 2019 is expected to be 10% below its 2014 peak.
Overall, the Perth market is expected to weaken across both housing and unit markets. The median unit price was down by 6.5 percent to June 2016 with further declines totalling 6 percent forecast in 2016/17 and 2017/18 before prices decrease further to June 2019.
Adelaide
The median house price in Adelaide is forecast for limited growth of around 0.9 percent in 2017/18 and an overall decline of 1.3 percent is forecast by June 2019. Adelaide’s unit and apartment market is expected to remain relatively flat during the next three years declining a total of 0.6 percent to June 2019, moving in line with the forecast for house prices.
Hobart
Hobart’s median house price is forecast to rise around 4% per annum or at a cumulative rate of 12.5 percent by June 2019. With investor activity declining, the softness in the unit market is expected to continue to dampen demand, limiting median unit price growth to between 1 percent and 2 percent per annum through to 2018/19.
Darwin
Darwin’s median house price is forecast to decline by 6.3 percent by June 2019. Median unit prices are expected to decline by 4 percent in 2016/17 followed by further declines of 4 percent and 2 percent in subsequent years to take the median unit price 10% lower by June 2019.
Canberra
Canberra’s median house price is forecast to rise by 3.5 percent in 2016/17 with a further growth of 2.4 percent and 2.3 percent in the two years to June 2019. In contrast, the median unit price fell 2.6 percent in 2016 and a further downside of 4 percent is forecast in 2016/17 and 2018/19 by which time the dwelling supply is expected to peak and be absorbed by June 2019.
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Brisbane houses top QBE price growth forecast, but units tipped to fall: QBE Housing Outlook 2016-19

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Civic Properties has launched the $85 million Mason Apartments, a 138 apartment building over six levels in Sydney's western suburb of Seven Hills.
The development, 1 – 11 Olive Street is set within Civic Properties’ $250 million planned community The Hills Village.
Apartments are available in a range of one, two and three bedroom configurations and all offer balconies of up to 58 square metres.
One bedroom apartments will be priced from $485,000 to $520,000 with internal areas ranging from 50 to 68 square metres.
Two bedroom apartments start at $564,000 for a 75 square metre apartment and extend to $670,000 for 110 square metres.
Three bedroom apartments range in price from $690,000 to $750,000 with internal sizes from 99 to 107 square metres.
The buildings were designed by GM Architects with Fordree Design Group responsible for the interior
Daniel Ferris, Developments Manager of Civic Properties said the vision was to provide high quality apartments at an affordable price range will attract a range of buyers, especially first home-buyers. 
Kitchens are over-sized with all offering an abundance of storage space, feature splashbacks and waterfall stone benchtops. All apartments feature complete internal joinery cabinetry in laundry areas, internal and secure basement storage, LED lighting throughout, linear style air conditioning and NBN capabilities.
Construction of Mason Apartments is set to commence in March, 2017 with expected completion in October, 2018.
A sales office is located on-site at 1 Olive Street, Seven Hills and is open from 10am – 4pm from Tuesday to Sunday or by appointment.
For more information <a href="https://thehillsvillage.com.au" target="_blank">click here</a>.
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City living comes to Seven Hills with Mason Apartments

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Brisbane houses have rose to the second highest vacancy rates in the country ahead of Darwin, a new report has shown.
Brisbane's house vacancies rose to 2.6 percent in September, while Darin tightened to 2.1 percent, Domain Group's rental report revealed.
Both are still some way off Perth's 4.2 percent vacancy rate. 
Source: Domain Group
<table border="0"><tbody>
<tr>
<td>Capital City </td>
<td>Houses September 2016</td>
<td>Houses September 2015</td>
</tr>
<tr>
<td>Perth</td>
<td>4.2%</td>
<td>3.2%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>2.6%</td>
<td>2.5%</td>
</tr>
<tr>
<td>Darwin</td>
<td>2.1%</td>
<td>2.6%</td>
</tr>
<tr>
<td>Sydney</td>
<td>2.0%</td>
<td>1.8%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>1.8%</td>
<td>1.7%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>1.5%</td>
<td>1.6%</td>
</tr>
<tr>
<td>Canberra</td>
<td>0.8%</td>
<td>1.2%</td>
</tr>
<tr>
<td>Hobart</td>
<td>0.6%</td>
<td>1.0%</td>
</tr>
<tr>
<td>
National Capital City
</td>
<td>2.3%</td>
<td>2.1%</td>
</tr>
</tbody></table>
Domain Group chief economist Andrew Wilson said Brisbane is a “tenant’s market”.
“The upwards bias of vacancy rates is really favouring tenants,” Dr Wilson said. 
“When compared to other capital cities, it’s clearly become one of the best cities for renters in the country.”
“One positive is the number of jobs this has created.”
Median rent prices remain flat at $400 per week, which Dr Wilson said was due to more first home buyers.
Median rental prices by capital city for houses: Source Domain Group
<table border="0"><tbody>
<tr>
<td>Capital City </td>
<td>Median House Rent September 2016</td>
<td>Median House Rent September 2015 </td>
</tr>
<tr>
<td>Darwin</td>
<td>$550</td>
<td>$590</td>
</tr>
<tr>
<td>Sydney</td>
<td>$530</td>
<td>$530</td>
</tr>
<tr>
<td>Canberra</td>
<td>$475</td>
<td>$450</td>
</tr>
<tr>
<td>Brisbane</td>
<td>$400</td>
<td>$400</td>
</tr>
<tr>
<td>Melbourne</td>
<td>$400</td>
<td>$390</td>
</tr>
<tr>
<td>Perth</td>
<td>$380</td>
<td>$420</td>
</tr>
<tr>
<td>Adelaide</td>
<td>$350</td>
<td>$350</td>
</tr>
<tr>
<td>Hobart</td>
<td>$330</td>
<td>$330</td>
</tr>
</tbody></table>
 
<div>“Brisbane has seen higher numbers of first home buyers and that has really taken pressure off rental demand,” he said.</div>
“Rents have been flat for some time now, and will likely continue into the foreseeable future. 
"But yields are high in Brisbane – in fact, highest of the mainland, which is attractive to investors.
"However, the issue is securing a tenant, and that’s the challenge.”
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Brisbane's house vacancy rates jump to second highest in the country

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

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The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

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As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

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Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

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<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

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&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

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&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

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&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

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Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

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The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

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The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

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The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

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While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Staff reporter

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