National developer&nbsp;<a href="https://www.apartments.com.au/developers/fortis">Fortis</a> is doubling down in Brisbane, filing plans for two new apartment developments in as many weeks.

Following their <a href="https://www.urban.com.au/news/qld/fortis-files-bowen-terrace-new-farm-apartment-plans">plans at New Farm</a>, Fortis, the development arm of Pallas Group, has sought to develop just 12 apartments at <a href="https://www.urban.com.au/new-apartments/53-racecourse-road-hamilton-qld-4007">53 Racecourse Road,&nbsp;</a><a href="https://www.apartments.com.au/developments/hamilton-qld-4007">Hamilton</a>.

Positioned on a prominent 1,205sqm corner site, the proposed four-storey development will contribute to the regeneration of the much-loved Brisbane high street.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada Architects</a>, the project features 12 generously sized two and three-bedroom residences with private basement parking, 528 sqm of ground-floor retail tenancies, and an expansive rooftop terrace for residents. The rooftop will be home to high-end amenities including a resort pool, hot spa, wellness facilities and lush landscaped spaces designed to foster connection and wellbeing.&nbsp;

<img alt="53 Racecourse Road, Hamilton" data-entity-type="file" data-entity-uuid="ceb83692-e7ee-4d14-b200-bc9c6242a08e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Racecourse_Hero_02.jpg?VersionId=S1TxSZd_CuhloZeGqWYNTziLXJU8CNqE" />

The architectural response draws inspiration from the area’s heritage, with brick detailing in the façade in tribute to local landmarks such as St Augustine’s Church. Extensive integrated planting will feature throughout the design, from the streetscape edges to planter-lined balconies, creating a strong visual connection to nature across every level of the building.&nbsp;

“This is an important site for Hamilton and Ascot. Racecourse Road is going through a massive revitalisation and we’re proud to be a part of that transformation,” said Dan Boman, General &nbsp;Manager – Queensland, Fortis.

“We’re fortunate to be working with one of the precinct’s most prominent corner sites, offering city and river views and a unique opportunity to create something truly special for the area. Rather than imposing a building onto the site, we’ve taken the time to &nbsp;understand the neighbourhood and create something that fits naturally into its local context.” &nbsp;

The development continues Fortis’ strategic focus on creating high-quality, design-led buildings that enrich communities and leave a lasting legacy. Inspired by successful placemaking initiatives such as Double Bay in Sydney, Fortis is applying the same principles of local integration and elevated living to its Brisbane projects.&nbsp;

This lodgement follows closely after Fortis submitted a DA for its 424 Bowen Terrace project in New Farm, a significant inner-city site set to be transformed into a premium residential offering.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/fortis-files-bowen-terrace-new-farm-apartment-plans">Fortis files Bowen Terrace, New Farm apartment plans</a>

Fortis strengthens Brisbane pipeline with second DA in two weeks, unveiling plans for a landmark mixed-use development in Hamilton. 

Joel Robinson

Fortis files doubles down on Brisbane, files boutique apartment plans on Hamilton's Racecourse Road

In a precinct defined by mid-rise apartments and mixed-use density, <a href="https://www.urban.com.au/developers/toga-group">TOGA</a>’s final Marriott Street Terraces offer a housing product increasingly rare in Sydney’s inner-city market - new-build, low-rise terrace homes with private outdoor space, individual street addresses, and secure parking.

The last three terraces within TOGA’s $450 million <a href="https://www.urban.com.au/buildings/surry-hills-village-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> masterplan are now complete and represent the final chance to own in what has quickly become to go-to hospitality precinct in the whole of Sydney. All three are three-bedroom, three-bathroom residences with secure basement parking and direct street entry off Marriott Street.

The housing format diverges from the rest of the precinct’s product mix, more than 150 apartments delivered over multiple stages, by targeting downsizers and upsizers seeking house-like proportions without leaving the inner east.

[smartcode_project:default project_id=9302 project_image_fid=342094]

Designed by <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a>’s Adam Haddow, the completed terraces reverse the traditional floorplan: bedrooms and landscaped courtyards are positioned on the ground level, while open-plan kitchen and living areas sit above street level.

Each home also includes a landscaped ground-floor courtyard, private outdoor terrace with built-in barbecue, cocktail bar, and statement kitchen with Sub-Zero and Wolf appliances.

Marriott St Terrace resident George Robinson, who recently moved into one of the completed homes, says the terrace offered a level of amenity and seclusion rarely found in new inner-city stock.

“It’s the perfect balance between the bustle of the city and the privacy found in Sydney’s inner suburbs," Robinson said.

[smartcode_project:default project_id=9302 project_image_fid=342096]

Positioned between Surry Hills and <a href="https://www.urban.com.au/developments/redfern-nsw-2016">Redfern</a>, the terraces sit just behind Wunderlich Lane, TOGA’s new hospitality and retail precinct anchored by Harris Farm and Olympus Dining, and within walking distance to multiple train stations and Crown Street.

TOGA Executive GM Paul Shaw says the homes have drawn interest from local buyers looking for low-maintenance alternatives to freestanding housing.

With no further residential releases planned in Surry Hills Village, the Marriott Street Terraces represent the final low-rise offering within the precinct. All three are now move-in ready.

[smartcode_project_cta:default project_id=9302]

Marriott Street Terraces at Surry Hills Village offer "perfect balance between bustle and privacy"

For Development Victoria, building sustainable homes isn't an option—it’s a baseline expectation for every new development. The State Government authority understands its role and responsibility in providing sustainable homes across Victoria.

In 2020, Development Victoria launched an overarching sustainability strategy, consolidating its previous efforts and setting new goals in line with state statutory policy obligations, industry best practices, and global trends.

"At Development Victoria, we’re taking action on climate change, with a strong and clear commitment to creating a sustainable future for our staff, the community, and all Victorians," Acting Group Head Housing, Niall Cunningham says.&nbsp;

"Our aim is to ensure we leave a strong legacy across all our work, through sustainable development and construction—and nothing less than best practice. Our homes are designed to be sustainable and affordable, giving more Victorians the opportunity to live where they want to be, without having to compromise on quality.”

[smartcode_project:default project_id=84641 project_image_fid=3224]

Each new housing project undertaken by Development Victoria begins with a strong focus on how to incorporate sustainable initiatives and features during the planning and design phase that provide benefit for the life of the home. The goal is always to deliver better homes for occupants, and to integrate sustainable elements into new homes in the most cost-efficient way possible.

The masterplanned community in Officer, called <a href="https://www.urban.com.au/new-townhouses/olio-officer-corner-of-bridge-road-and-coxon-street-officer-vic-3809">Olio</a>, is a prime example of Development Victoria’s forward-thinking approach to home building. Located in Melbourne’s South East Growth Corridor, Olio showcases a thoughtful approach to community development, placing long-term sustainability at the heart of its planning.

[smartcode_project:default project_id=84641 project_image_fid=3227]

The two-, three-, and four-bedroom homes in the second stage of Olio are designed to achieve a minimum 7-star NatHERS energy rating. All homes are fully electric, significantly reducing environmental impact compared to gas-powered alternatives - particularly in kitchens. Water is heated using energy-efficient heat pump systems that extract heat from the air, while double-glazed windows improve thermal efficiency year-round and reduce reliance on heating systems. Each home is equipped with a 3kW rooftop solar PV system to generate clean, renewable energy and lower electricity bills. A 15A isolator for EV charging is also pre-installed in every garage, future-proofing homes for electric vehicle use.

Development Victoria has also placed a focus on improving the natural environment surrounding Olio. The team has supported the revitalisation of Gum Scrub Creek, transforming it into a public green corridor that brings nature to the edge of Olio. A central neighbourhood park has also been created for residents to enjoy.

Over 90 homes have already been delivered in the first stage of Olio. Stage two is now underway by reputable townhouse builder Sienna Homes, the same builder responsible for the successful first stage.

[smartcode_project:default project_id=84641 project_image_fid=3226]

Olio is strategically located directly opposite Officer Station, providing direct train access to Melbourne’s CBD in just over an hour. It’s also within walking distance of the planned Officer Town Centre, which will introduce new retail and commercial services to the area in the near future. Local amenities such as One Centre Square - which features dining, medical, and fitness facilities - are already well-established nearby.

Development Victoria is guided by a mandate to deliver housing that balances affordability, quality, and sustainability—an approach that has shaped other landmark projects including Docklands, Fitzroy Gasworks, and Springvale.

The second stage of homes at Olio Officer are now selling, with prices starting from $500,000.

[smartcode_project_cta:default project_id=84641]

The second stage of homes at Olio Officer are now selling, with prices starting from $500,000.

Shaping a sustainable future: Development Victoria sets new standards in sustainability

There are few streets in Caloundra that offer the same combination of elevation, beach access, and town centre proximity as Bombala Terrace.

This ridgeline strip, running parallel to Canberra Terrace, has long been sought after for its dual-coast reach — flanked by Kings Beach to the east and Bulcock Beach to the west.

When the opportunity to develop along this dress-circle strip arose, Brisbane-based developer Dusk Group jumped at it.

They’ve recently launched <a href="https://www.urban.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset Caloundra</a> — a boutique project of just 36 apartments across a seven-level building, located less than 500 metres from both Kings and Bulcock Beach, as well as the vibrant retail and dining precinct on Bulcock Street.

The same 500-metre radius also encompasses the local bowls club, Bicentennial Park, two primary schools, and a network of low-traffic green spaces that stretch toward Happy Valley and Lions Park.

[smartcode_project:default project_id=148795 project_image_fid=346466]

For buyers prioritising walkability and mobility over car dependence, Sunset Caloundra offers a compact, pedestrian-friendly catchment. IGA Caloundra, the Kings Beach pool, and popular cafés like Lamkin Lane, Tides, and The Pastry Lab are all within 600 metres.

There’s convenient access to local event infrastructure as well — The Events Centre, Twilight Markets, and Kings Beach Amphitheatre are all regular fixtures on the calendar.

[smartcode_project:default project_id=148795 project_image_fid=346466]

Despite its profile as a lifestyle destination, Caloundra’s central core has retained much of its original civic structure. Schools — including Caloundra State School and Our Lady of the Rosary — remain embedded within residential zones, rather than pushed to the outskirts.

Local parks aren’t ornamental either; they’re well-used by the community and well-maintained. Healthcare services, including Caloundra Health Service and multiple GP clinics, are also within walking distance.

Sunset’s elevated position on the crest of Bombala Terrace allows for multi-directional view corridors. Apartments on higher levels will enjoy views across Bribie Island to the east and out toward the Glass House Mountains to the west.

MAS Architecture Studio has drawn from this natural setting in its material palette, which features sandstone, timber, and coastal whites — avoiding an overt "beachfront" aesthetic that the project doesn’t need to rely on.

[smartcode_project:default project_id=148795 project_image_fid=346473]

While Caloundra’s long-anticipated rail connection via the Sunshine Coast extension remains several years away, the area is already experiencing upward pressure from interstate migration and growth throughout the southeast. Private sector infrastructure investment is adding momentum, which naturally drives property values upward.

Dusk Group’s vision with Sunset isn’t about activating a fringe or unlocking an emerging corridor — the project sits squarely within a mature precinct that already balances laid-back coastal amenity with rising buyer attention.

For locals trading up or downsizing within the postcode, Sunset offers a familiar part of town. For out-of-area buyers, it’s the kind of tightly held submarket that typically trades off-market — until it doesn’t.

Dusk Group is expecting to commence construction of Sunset Caloundra in Q2 2025.

[smartcode_project_cta:default project_id=148795]

Sunset’s elevated position on the crest of Bombala Terrace allows for multi-directional view corridors

Sunset Caloundra epitomises the walkable beach lifestyle

Sekisui House Australia is set to unveil Summit &amp; Ridge, the fourth and most striking stage in its award-winning Sanctuary masterplan at Wentworth Point.

Launching next month, the two towers have been designed by both the London and Sydney studios of TURNER. They will rise 40 and 33 levels and comprise&nbsp;488 apartments.

Zac Petrovic, Project Director – Apartment &amp; Mixed-use Developments at Sekisui House Australia, said Summit &amp; Ridge represents the pinnacle of Sanctuary living with a very high calibre of design.

"We have observed a growing demand for larger apartments, particularly three and four-bedroom homes, driven by the needs of families. This stage is leading the way by introducing the first integrated childcare facility within the development. In response to this trend, we have expanded our offering of spacious residences in Stage Four.&nbsp; "

Petrovic says there is a growing interest from purchasers who are seeking a better lifestyle, superior design and the benefits of being part of a masterplanned community.

"Summit &amp; Ridge delivers all of these aspects and more. Spectacular water views and resort-level amenities featuring a swimming pool and outdoor seating areas will be showcased.”

<img alt="Sanctuary, Wentworth Point | Summit &amp; Ridge Release" data-entity-type="file" data-entity-uuid="48a2c3c2-6e26-4a28-b6cd-fc8e4d286772" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Phase%202_View%202.jpg?VersionId=xi.FIXSq1eN2HavDNRVDcUc655dHnDkV" />

Shewanna Mendis, Director at TURNER, said the design frames views, guides movement, and enhances the connection between nature and the city.&nbsp;

“Summit &amp; Ridge is a striking architectural marker, proudly standing between Sydney Olympic Park’s Millennium Marker, the foreshore park and water," Mendis said.

"Organic, petal-like forms define the towers, creating a sculptural presence that responds to its surroundings. As you move around them, the forms appear to dance, reinforcing a sense of place and individuality.”&nbsp;

A landscaped podium acts as a green spine between the towers, seamlessly connecting the architectural form to the natural environment and reinforcing the Sanctuary masterplan’s focus on ecological integration, but also offers residents an elevated garden experience.

“The spaces in between are just as important as the architecture itself. Summit &amp; Ridge is designed with people in mind, a place where city and nature converge, balancing vibrancy with tranquillity,” Mendis added.

Townhouses activate the street-level interface, bringing character to the precinct while offering a rare opportunity for low-density living within a high-rise community. The grand entry lobby, featuring double-height glazing and sculptural metal panels, creates a bold first impression and a seamless transition between the built form and the urban landscape.

<img alt="Sanctuary, Wentworth Point | Summit &amp; Ridge Release" data-entity-type="file" data-entity-uuid="88d36d4a-c6e9-4a5e-acfb-0b73592fca46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Phase%202_View%203.jpg?VersionId=6T33R_QUHwJvfxNCsyBn4sXLdW_P76zM" />

Two interior schemes, Orchid and Poppy, offer buyers a choice between soft, serene tones or a more dramatic, expressive palette. Both are anchored in a carefully curated blend of mid-tone timber laminates, travertine-inspired surfaces, brushed metal accents, and soft loop pile carpets.

Summit will feature resident-only amenities on level 30, including a resort-style pool and sauna, while Ridge offers an outdoor cinema and a sunset bar and dining space on level 24. A 110-place childcare centre at the base of Ridge further supports growing families.

One-bedroom apartments start at $720,000, with two-bedroom homes from $1.045 million. Three and four-bedroom apartments will be released at future launches.&nbsp;

Nearby amenities include Marina Square Shopping Centre, Wentworth Point High School, ferry terminal, train station and the future Parramatta Light Rail. Construction is anticipated to commence in Q4 2025 and be completed by Q3 2028.

Every apartment is backed by Sekisui House’s 4 Gold Star iCIRT rating, a trusted mark of integrity, capability, and financial stability.

[smartcode_project_cta:default project_id=144917]

One-bedroom apartments start at $720,000, with two-bedroom homes from $1.045 million

Sekisui House Australia to launch Summit & Ridge at Sanctuary, Wentworth Point masterplan

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

Diversified New Zealand developer <a href="/developers/safari-group">Safari Group</a> has introduced a gateway for investors and homeowners to the "adrenaline capital" of &nbsp;New Zealand, situated in the picturesque suburb of Frankton.

Safari's apartment development, Mountain Oak Apartments, will be located in Frankton’s masterplanned precinct, Remarkables Park, offering a mix of 141 apartments ranging in size from 49 sqm to 249 sqm.

The development includes 36 one-bedroom and one-bedroom flexi apartments, 40 two-bedroom and two-bedroom flexi apartments, four three-bedroom apartments, three penthouses, and four private entry apartments.

Dual-key apartments—comprising two separate residences held under one title—are also available.

Its location ensures residents and visitors are just a short drive from popular slopes like Coronet Peak and Cardrona Alpine Resort.&nbsp;

Additionally, the development capitalises on its proximity to essential facilities, including the airport and extensive retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market.

The historic village of Arrowtown, known for its rich gold rush history and scenic trail network, is also just a 30-minute drive away, offering an alternative destination for history and nature enthusiasts.

<img alt="Safari Group’s Mountain Oak Apartments living area" data-entity-type="file" data-entity-uuid="957d1777-8b2b-420e-8a81-f22b75151b85" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Frankton is a burgeoning area located just seven kilometres from Queenstown’s bustling centre. While Queenstown is a popular year-round holiday destination, its busiest season runs from mid-June to mid-September, coinciding with the snow season.

"It peaks all year round, in both winter for skiing and snowboarding, and summer for hiking, cycling, and water sports," said Safari Group Senior Development Manager Josh Van Veen.

Queenstown’s popularity ensures consistent high demand for short-term visitor accommodations, holiday homes, and residences for long-term tourism workers.

"There is high demand for both tourist and residential living, coupled with a shortage of housing options and limited supply for both renters and home buyers," Van Veen said.

After New Zealand locals, Australians are the second most active buyers in the New Zealand property market. They are particularly drawn to Queenstown’s ski fields due to their affordability and investment potential.

Unlike Australia, New Zealand does not impose stamp or transfer duty on property purchases, saving Australian buyers a minimum of four per cent compared to similar transactions at home.

Safari Group has calculated that the average annual gross return for a Mountain Oak Apartment operating as visitor accommodation is 7.43 per cent.

"Queenstown properties generally offer good returns on investment, making this an excellent opportunity for investors to either dip their toes into property investment or expand their portfolios," Van Veen said.

<img alt="Safari Group’s Mountain Oak Apartments dining area" data-entity-type="file" data-entity-uuid="b24ce18d-f4e3-4b9e-9a01-a6173cdcd5b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Mountain Oak has been designed with this flexibility in mind, offering buyers multiple options. Buyers can opt for long-term rental management to cater to Queenstown's tourism and hospitality workforce or short-term visitor accommodation management to leverage the region’s thriving tourism market.&nbsp;

Buyers can use either the Safari management service, or find their own management provider - this is not something they have to decide straight away.&nbsp;

The Safari short-term accommodation option includes comprehensive services such as cleaning, administration, and 24/7 on-site guest support, providing a hassle-free investment experience.

For homebuyers seeking a permanent residence, Mountain Oak offers spacious apartments with expansive windows that frame breathtaking views of The Remarkables mountain range.

The apartments feature modern amenities, including electronic key-locked front doors, acoustically treated flooring, and underfloor heating in bathrooms, ensuring secure and comfortable living in the Alps.

Kitchens are equipped with premium Fisher &amp; Paykel and Haier appliances, complemented by luxurious yet durable engineered or porcelain benchtops and splashbacks.&nbsp;

Residents can choose between light and dark interior colour schemes to suit their preferences.

One-bedroom apartments at Mountain Oak start from NZ$639,000 (AU$586,000).

Queenstown’s popularity ensures consistent high demand for short-term visitor accommodations, holiday homes, and residences for long-term tourism workers

Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown

The value of new loan commitments for investor housing rose by 12.7 per cent to $7.8 billion in March, which was 54 per cent higher than in March 2020.

The rise in March is the largest recorded since July 2003.

It was driven by increased loan commitments to investors for existing dwellings.

The value of new loan commitments to investors rose across all states except the ACT.

There was a 13 per cent rise in NSW, 13.7 per cent in Victoria, and 19 per cent in Queensland.

[smartcode_project:default project_id=90553 project_image_fid=147606]

According to the ABS, this has continued a period of increases in investor lending since May 2020, when it reached a 20-year low.

The value of owner-occupier loan commitments for the construction of new dwellings fell by 14.5 per cent in March to $3.6 billion.

It was the first fall since June 2020 when the HomeBuilder grant scheme was introduced.

It has remained at record-high levels being some 120per cent higher than last March.

[smartcode_project:default project_id=22057]

&ldquo;Investor lending has seen a sustained period of growth since the 20-year low seen in May 2020,&quot; &nbsp;ABS head of finance and wealth Katherine Keenan said.

The rise in March is the largest recorded since July 2003 and was driven by increased loan commitments to investors for existing dwellings.

HIA&rsquo;s analysis of ABS data showed that the number of loans for the construction of a new dwelling in the three months to March 2021 compared with the same time last year had tripled in Western Australia and Tasmania and more than doubled in Victoria, Queensland, South Australia, Northern Territory and the ACT.

It almost doubled in NSW.

The value of new loan commitments for investor housing rose by 12.7 per cent to $7.8 billion in March



jchancellor

Queensland leads property investor new lending spike - biggest in nearly 18 years

It&#39;s time for investors to start thinking differently about their rental properties and marketing them to fit the growing work-from-home trend.

This means adapting to demand and updating your property to match the needs of the young professionals and students who may need study and workspaces to accommodate their new lifestyles.

Urban takes a look at the top tips for creating the ideal study zone in your inner-city investment property. 
&nbsp;

<ul>
	<li>Tip 1: Find the space</li>
</ul>

<img alt="" height="661" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1693064941.jpg" width="1000" />

Whether it&rsquo;s within a bedroom, a hallway or in a dedicated study, finding the perfect space to modify into a work-from-home study zone is an important first step.

Urban recommends exploiting underutilised &lsquo;dead space&rsquo; &ndash; an alcove or a landing that may fit a small desk or collapsible shelving. 
&nbsp;

<ul>
	<li>Tip 2: It&rsquo;s all about lighting</li>
</ul>

Lighting can have a huge effect on the efficiency of study and work, as well as make your property look bigger and brighter.

It is generally agreed that natural light is best when it comes to general lighting for your home study space, as natural light has been claimed to increase productivity and performance.&nbsp;

If natural light is not possible in your investment property, warm lighting can deliver similar benefits.

<img alt="" height="497" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1482794711.jpg" width="1000" />

<ul>
	<li>Tip 3: Set up a brand-new desk</li>
</ul>

Standing out from the competition is important when seeking good tenants, so there&rsquo;s no denying that good marketing and some furnishings go a long way, especially in an apartment marketed towards students.

Setting up a brand-new desk lets prospective renters imagine desk space in the home and may even secure more competitive prices for your inner-city apartment. 
&nbsp;

<ul>
	<li>Tip 4: Add some greenery</li>
</ul>

Besides looking beautiful and creating a more welcoming&nbsp;home, research shows that there are numerous&nbsp;benefits to having plants in work zones.&nbsp;

Plants have been proven to boost your mood, improve memory, and increase productivity.

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1575692173.jpg" width="1000" />

Apartments nearby universities, research hubs and numerous employment opportunities are the ideal location for investors to secure their next investment property.

Here are four investor-friendly apartments for sale now in Melbourne. 
&nbsp;

1. Melbourne Grand, Melbourne 
Address: 560 Lonsdale Street, Melbourne VIC 3000 
Two-bedroom apartments from $569,000

[smartcode_project:default project_id=3490 project_image_fid=92412]

Winner of the HIA &lsquo;Victorian apartment complex of the year 2020,&rsquo;&nbsp;Central Equity&rsquo;s Melbourne Grand provides an outstanding living experience.

Less than a kilometre away from Monash University&rsquo;s Parkville campus, investors can secure high-income researchers as well as postgraduate students who will enjoy the apartment&rsquo;s ideal location.

Designed by Guildford Bell and Graham Fisher Architects, Melbourne Grand features various amenities, including resort-style facilities, residents&rsquo; lounge, 17-seat theatre and coffee bar. 
&nbsp;

2. Port Lane, Port Melbourne 
Address: 201 Williamstown Road, Port Melbourne VIC 3207 
Three-bedroom townhomes from $1,025,000

[smartcode_project:default project_id=89720 project_image_fid=147505]

Boasting 122 three-bedroom residences, Port Lane offers a quality selection of townhomes in Port Melbourne.

Developed by ID_Land, the coastal community delivers an authentic and distinctive design to sit in harmony with the Port Melbourne community.

Architects&nbsp;Rothelowman&nbsp;and interior designers&nbsp;Hecker Guthrie have designed the home with contemporary palettes and materials.

Curated landscaping by Tract frame the townhomes, with a verdant entrance pergola marking each residents&rsquo; arrival. 
&nbsp;

3. Live City, Footscray 
Address: 124-188 Ballarat Road, Footscray VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565 project_image_fid=68184]

Backed by developer R&amp;F Property Australia, the new master-planned Live City project comprises 208 residences spread across 14 floors.

Set to deliver over 1,400 apartments across eight buildings, the project brings together a fully-integrated, mixed-use community that&rsquo;s thriving with character and history.

Designed by&nbsp;Elenberg Fraser, each apartment features floor-to-ceiling windows, contemporary interiors and an abundance of natural light. 
&nbsp;

4. The Docklands Residences 
Address: 3-43 Waterfront Way, Docklands VIC 3008 
Two-bedroom apartments from $1,050,000

[smartcode_project:default project_id=3205 project_image_fid=45291]

Located atop the five-star Marriott Hotel,&nbsp;Docklands&nbsp;Residences provide timeless luxury living in Melbourne&rsquo;s inner-suburbs.

Set atop the five-star Melbourne Marriott Hotel, homeowners of the oversized one, two and three-bedroom&nbsp;Docklands&nbsp;residences will enjoy exclusive hotel membership, access to services and amenities and true luxury living.

Designed by award-winning architects&nbsp;DKO, the unique mixed-use project boasts floor-to-ceilings windows, terraces and a private enclosed glass winter garden.

&nbsp;

It's time for investors to start thinking differently about their rental properties and marketing them to fit the growing work-from-home trend

max.kwok_55688

Investor tips for creating the ideal study zone in your inner-city apartment

Australian housing values lifted by 1.8% in April according to CoreLogic&rsquo;s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%). &nbsp;

Although growth conditions have slowed, housing values are still rising at a rapid pace, up 6.8% over the past three months to be 10.2% higher than the COVID low in September last year.

CoreLogic&rsquo;s research director, Tim Lawless, says the pace of capital gains could slow further over the coming months as inventory levels rise and affordability constraints dampen housing demand.

&ldquo;The slowdown in housing value appreciation is unsurprising given the rapid rate of growth seen over the past six months, especially in the context of subdued wages growth. &nbsp;With housing prices rising faster than incomes, it&rsquo;s likely price sensitive sectors of the market, such as first home buyers and lower income households, are finding it harder to save for a deposit and transactional costs.&rdquo;

[smartcode_project:default project_id=12718 project_image_fid=39002]

There is already some evidence of fewer first time buyers in the market, with the Australian Bureau of Statistics reporting a -4.0% fall in the value of first home buyer home loans through February, the first drop since May last year.

Despite the slowdown, positive housing market conditions remain geographically broad-based with every capital city and &lsquo;rest-of-state&rsquo; region continuing to record a lift in dwelling values over the month.

<img alt="" height="482" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image003.jpg" width="850" />

Darwin (2.7%) and Sydney (2.4%) recorded the largest month-on-month rise in dwelling values, while Perth values recorded the lowest rate of growth amongst the capital cities at 0.8%.

The four smallest capital cities recorded double digit annual growth (Adelaide 10.3%, Hobart 13.8%, Darwin 15.3% and Canberra 14.2%), reflecting a smaller COVID-related disruption and an earlier start to the growth phase last year. &nbsp;Melbourne is recording the lowest level of annual growth (2.2%) due to a larger downturn, attributable to the extended lockdown period last year.

The broad trend of houses outperforming the unit sector continued through April as higher density styles of housing experienced less demand amidst elevated supply across some inner city precincts. &nbsp;At the combined capital city level house values (8.6%) have risen at double the pace of unit values (4.3%) over the first four months of the year.

&ldquo;A preference shift away from higher density housing during a global pandemic is understandable, however a rise in flexible working arrangements also seems to be supporting greater demand for houses around the outer-fringes of capital cities. &nbsp;Relatively weak investor activity, compounded by a supply overhang in some high-rise precincts, is also dampening price growth in unit markets,&rdquo; Mr Lawless said.

Australian housing values lifted by 1.8% in April with the monthly pace of capital gains easing from a 32-year high, according to CoreLogic

jordan_55689

Home values still on the rise but lost steam in April

<html><body>
EXPERT OBSERVER

I’ve been telling our customers for the past two years that the outstanding property market in Australia is Regional Victoria.

And multiple data sources continue to support the view that anyone seeking affordable property, good rental yields and in particular great capital growth would be wise to consider Regional Victoria.

There is no other market jurisdiction in Australia that has delivered so many locations with double-digit growth in their median prices in the past 12 months. Equally, Regional Victoria is a national leader on locations with strong long-term capital growth rates.

The regional areas of Victoria were also prominent in the latest Pain and Gain Report from CoreLogic which highlights the number of properties sold for a profit in the September 2019 Quarter.

Why is Regional Victoria doing so well? Partly it’s because Victoria is the No.1 economy in the nation. The latest State of the States report from CommSec confirms Victoria as the leading economic performer in the nation, with New South Wales slipping down the rankings to third.

[smartcode_project:default project_id=5559]

And partly it’s because Victoria continues to be the No.1 state for population growth, gaining significantly from both overseas and interstate migration.

Victoria’s ranking as the No.1 economy and population growth state isn’t just about Melbourne – the regions have been major contributors to the state’s success.

Recent data on unemployment showed that Regional Victoria leads the states in jobs growth and has the lowest unemployment rate. ABS data shows that 20,000 people found work in regional Victoria in the three months to November.

Regional Victoria’s jobless rate is 3.7% – the lowest in the nation and well below the average regional rate of 5.1%. In the past five years, regional Victoria’s unemployment rate has decreased by 2.9 percentage points.

This is translating into exceptional performance in real estate.

CoreLogic’s quarterly Pain and Gain report (which compares the prices of properties sold in the September Quarter with their previous sale) found that Hobart was the national leader – 98% of houses sold made a profit.

[smartcode_project:default project_id=27406]

But close behind in second place was Regional Victoria, where 97% of houses sold for a price higher than the vendors paid previously (ahead of Melbourne’s 96% and Sydney’s 92% - and the national average of 90%).

In terms of apartments, Regional Victoria ranked third in the national (94%), well above the national average of 80%, Sydney’s 87% and Melbourne’s 85%.

The out-performance of Regional Victoria locations shows up in price growth data for the past year and also for the past decade.

Dozens of Regional Victorian locations have recorded double-digit growth in their median house prices in the past 12 months.

Ballarat has been particularly outstanding, with Ballarat Central (13%), Brown Hill (20%), Golden Point (18%), Lake Wendouree (11%), Mt Pleasant (21%) and Wendouree (10%) all producing strong price growth.

The City of Greater Geelong also produced multiple growth leaders, including Barwon Heads (12%), Bell Park (12%) and Drysdale (20%).

Other high-growth locations were spread around the state, including Newborough (16%), Wonthaggi (14%), Heathcote in Bendigo (17%), Maldon (17%), Irymple near Mildura (23%), Daylesford (13%) and Mansfield (13%).

This kind of growth in not a one-off event – many Regional Victorian locations have long-term capital growth rates above 7% per year, with some nudging 9% per year – which puts them alongside the best in the nation.

[smartcode_project:default project_id=29358]

The City of Greater Geelong, Ballarat and the Macedon Ranges LGA all have multiple locations with capital growth rates between 7% and 9% per year.

Lake Wendouree in Ballarat has averaged 8.9%, while Woodend (Macedon Ranges) and Norlane (Geelong) have both averaged 8.7% per year.

Others with capital growth rates above 8% per year include Beveridge, Daylesford, Maldon, Geelong (the suburb), Kyneton and Herne Hill (Geelong).

TERRY RYDER is the founder of hotspotting.com.au ryder@hotspotting.com.au twitter.com/hotspotting
</body></html>

terryryder-YECXbqmri2

Regional Victoria is Australia's most outstanding property market: Hotspotting's Terry Ryder

<html><body>
Low mortgage rates, a swift economic recovery, which has spurred consumer sentiment, and low listing volumes have catapulted national housing values to new record highs. At the end of March, the CoreLogic national home value index increased a further 2.8%, placing values 5.6% above the previous market peak in October 2017. The combined value of Australian dwellings hit $7.9 trillion dollars over the month, according to CoreLogic. This cements residential property as an extremely large and important asset class.

Comparing current capital city values with previous peaks adds some perspective to the current upswing – particularly in Perth and Darwin, where values remain substantially below their record highs from 2014. It also highlights the very different dynamics across capital cities – such as in the ACT, where dwelling values have hit a new record high every month for 19 months.

The following charts plot the change in capital city dwelling values from previous peaks, and the number of months it has taken for values to surpass the previous peak. The subsequent downturn and recovery trends vary, and are unpacked below.  
 

 

<div class="infogram-embed" data-id="584c3a02-1d58-4092-befa-6afcff697778" data-title="Change in value from previous peak" data-type="interactive"> </div>
<script>!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");</script> 

<h2>Sydney</h2>

Sydney dwelling values took 44 months to reach a new record high value. While values have lifted a relatively high 8.1% since the COVID-induced decline (which bottomed out in September 2020), the total value of the dwelling market is actually only 2.6% higher than the previous peak, which was in July of 2017. 

In 2017, a property price downturn was likely catalysed by changes to lending conditions. Cash rate reductions, along with a relaxation in borrower serviceability assessment rules, spurred the start of a recovery trend through 2019. COVID-19 interrupted this upswing, but a recovery in economic conditions, and increased consumer confidence, has pushed values above the previous peak.  
 

<h2>Melbourne</h2>

Melbourne dwelling values reached a peak in March 2020, after staging a recovery from the earlier 11.1% drop in values between late 2017 and mid-2019. However, the Melbourne housing market was the most impacted of any capital city by COVID-19, due to extended social distancing restrictions through 2020, and a particularly high exposure to overseas migration as a source of housing demand.  Closed borders created a negative shock, with a more significant and direct impact on inner city rental demand. Since bottoming out in October 2020, as stage 4 lockdowns began to ease, Melbourne dwelling values have climbed 0.7% above the pre-COVID high. 

As the value of Melbourne housing nudges over its previous peak, it is worth noting the market has not recovered evenly. House values remain -1.8% below the previous November 2017 high due to a larger correction through the recent downturns. Within different price segments, there is also variation. As of March, the ‘high’ end of the market (measured as the top 25% of values in Melbourne) was still -4.0% below its record high, which was in October 2017. Meanwhile, low and middle tier values have increased beyond their pre-COVID highs by 4.9% and 2.2% respectively, reflecting a smaller decline turn recent downturns, as well as strong demand from first home buyers who typically target properties around the middle-to-lower end of the market.  
 

<h2>Brisbane</h2>

Brisbane dwelling values are sitting 6.5% above the previous peak, which was in April 2020. Market values saw a peak-to-trough decline of -0.9% through COVID-19. The decline lasted just 4 months, before Brisbane dwelling values recovered to a new record high by October 2020.

As with Melbourne, the recovery in the Brisbane market has been varied. While house values climbed 7.6% above the previous peak through March, which was reached in May of 2020, unit values remain -9.4% below the record high value, which was in March 2010.  Brisbane unit values are currently at similar levels as October 2007, reflecting a very affordable entry point to the market.

The weaker conditions across the unit sector are likely due to previously high levels of unit completions keeping values subdued, particularly in the later part of the 2010s. ABS dwelling completion data saw unit completions across Queensland rise 50.4% in the 5 years to September 2020, compared with a 17.4% uplift in house completions. However, strong internal migration flows to south-east Queensland, as well as other tailwinds for housing demand more broadly, has supported 5 consecutive months of growth in Brisbane unit values since November 2020. 
 

<h2>Adelaide</h2>

The Adelaide dwelling market was one of the least affected through COVID-19 in terms of values. Following a -0.2% dip from the previous high in May 2020, values had surpassed the previous peak by September last year. The rate of change in dwelling values jumped to a monthly increase of 1.5% over March 2021, which is the highest monthly growth rate seen across the city since December 2007. Both house and unit values across Adelaide are currently sitting at a record high. Although housing values are reaching new highs each month, relative to the larger capital cities, Adelaide housing values remain low. 
 

<h2>Perth</h2>

The CoreLogic home value index for Perth shows values -15.9% below the record high, which was in June 2014. The peak-to-trough decline, which was induced by the rapid withdrawal of mining investment, employment opportunity and migration, lasted around 67 months. As the market started to recover in mid-2019, COVID-19 created an additional, negative shock, which pushed values down a further -2.2% between April and July of 2020. However, the Perth dwelling market has seen consecutive increases in value for the past 8 months. For the past 5 months, value increases have exceeded 1% a month, which is a strong growth rate and signals the start of what may be a sustained and rapid recovery. This coincides with rising interstate migration levels to Western Australia, and projected increases in already rising mining investment. Hobart

Hobart has seen the second-highest uplift in housing values from the previous peak, at 12.3%. The previous peak in dwelling values was at February 2020, before a brief, COVID-induced decline in total dwelling values of just -0.3%. Hobart dwelling values have seen extraordinarily strong growth, with the annualised capital growth return sitting at 9.4% for a 5 year period (+56.3% over the past five years). ABS building activity data suggests house commencements were 32.8% above the decade average through the September 2020 quarter in Tasmania. Combined with affordability constraints, additional stock should work to ease growth rates across the region in the coming months.  
 

<h2>Darwin</h2>

Darwin dwelling values are the furthest from the previous peak of the capital city markets. A record high was reached across Darwin dwellings in May 2014. Similar to Perth, a decline in the resources related infrastructure sector saw a substantial decline in housing values, with the peak-to-trough fall extending to February 2020, at -32.7%. Since February 2020 however, Darwin dwelling values have increased 16.5% through to March 2021 which is the fastest growth rate amongst the capitals. This leaves values -21.6% below the record high, and shows the Darwin dwelling market firmly in a recovery trend.   
 

<h2>ACT</h2>

ACT dwelling values at the end of March were 16.9% higher than the previous peak, which was in April 2019. Following a -1.5% peak-to-trough decline, ACT dwelling values had recovered by September 2019, and have hit a new record high each month since. Rapid dwelling value growth across the capital has largely been driven by house values, which are 19.7% above the previous high in April 2019, compared with a 7.2% uplift in unit values since the previous high. Part of the strength in ACT dwelling value returns have been due to relatively high incomes across the Territory, along with resilient labour market performance through COVID-19. However, the fact that dwelling values have surged almost 17% in less than two years, highlights an increasing barrier to ownership for future first home buyer cohorts. 

 

<hr>
See more: Properties ideal for investors

[smartcode_project:default project_id=3494]

[smartcode_project:default project_id=90553]

[smartcode_project:default project_id=6201]

<hr>
</body></html>

The combined value of Australian dwellings hit $7.9 trillion dollars over the month, according to CoreLogic, cementing residential property as an extremely important asset class

How do dwelling values compare with previous highs? Eliza Owen

<html><body>
This is the strongest Regional Queensland market in the six years that Hotspotting has been conducting its quarterly surveys of sales activity and prices. The number of rising markets is the highest recorded, by a considerable margin, and property values are growing.

We have identified 72 locations with rising sales activity, a remarkable result in the year of the pandemic. Locations across the state are benefiting from the Exodus to Affordable Lifestyle and/or the improvement in the resources sector. Vacancies are ultra-low in most of these places. 

There are seven regional cities with five or more suburbs with forward momentum in sales activity: the Sunshine Coast, the Gold Coast, Toowoomba, Mackay, Rockhampton, Gladstone and Townsville. These cities, plus smaller regional centres like Gympie, Emerald, Warwick, Kingaroy and Dalby, all have markets trending in the right direction for sustained price growth.

The Sunshine Coast is again the standout location, but other regional markets are emerging, notably the important inland city of Toowoomba. And we are seeing recovery in resources-related centres which have spent several years in downturn, including Gladstone, Mount Isa and Emerald.

[smartcode_project:default project_id=24532]

The exceptions to the trend of upwardly-mobile markets are Cairns and the Fraser Coast, neither of which appear to be experiencing the uplift seen elsewhere. 

The Sunshine Coast continues to be one the nation’s outstanding property markets. There are 14 suburbs with rising sales activity and seven with consistent sales volumes. Neighbouring Noosa has two growth suburbs.

The Sunshine Coast is outperforming the Gold Coast, which is a much larger city but has only seven growth suburbs, as well as 12 consistent ones.

Toowoomba is the new contender, as its economy rises on the back of significant new infrastructure. Eight suburbs have rising sales activity and we expect prices to rise considerably.

[smartcode_project:default project_id=6769]

Rockhampton, Gladstone, Mackay and Townsville each has between five and seven suburbs with rising momentum.

Gladstone’s re-emergence as a growth market is notable, after half a dozen years in downturn: vacancies are now low, sales activity is picking up and prices are now responding.

Markets across Regional Queensland are performing well on price growth: almost three-quarters of locations across Regional Queensland have had annual growth in their median house prices and a similar number of towns and suburbs have had uplift in the most recent quarter.

The Sunshine Coast continues to impress as one of the nation’s strongest markets, with price uplift in particular in the top end of the markets. 

Sunshine Beach, the most expensive suburb on the coast, has recorded a 33% annual rise in its median house price, now $1,750,000. The canal-based suburb of Minyama has increased 29% in the past 12 months to $1,190,000. Yandina (median house price $730,000) has increased 30%.

[smartcode_project:default project_id=7974]

The market in and around Noosa is a particular standout, with Sunshine Beach up 33%, Sunrise Beach up 17% and Noosaville up 12%. Mooloolaba (median price $900,000) has risen 10% and Moffat Beach (median price $910,000) is up 12%.

The Gold Coast has some notable growth performances also, with Worongary (30%), Runaway Bay (14%), Miami (12%), Arundel (15%) and Burleigh Heads (15%) all recording growth annual growth.

A number of Central Queensland are rising, including Mackay (where Andergrove, Blacks Beach, South Mackay and North Mackay have all recorded double-digit annual growth) and Rockhampton (where Berserker has led the growth with a 27% increase).

Gladstone continues to deliver evidence of recovery from a lengthy downturn, with median house price growth in suburbs such as Calliope (10%), Clinton (12%), West Gladstone (18%) and Tannum Sands (11%). 

Central Queensland resources towns like Moranbah (up 23%) and Clermont (up 10%) are also recovering, albeit from a very low base. Chinchilla on the Western Downs is in a similar position, with its median house price rising 15% in the past year after several years of decline.

TERRY RYDER is the founder of hotspotting.com.au 
</body></html>

Strongest regional Queensland market in six years: Hotspotting's Terry Ryder

<html><body>
EXPERT OBSERVER

Six months ago it was hard to find any suburbs across the Greater Sydney Area with rising buyer demand, but now there are many. It’s been a sharp turnaround – but an uneven one.

Overall, this is the strongest Sydney market I’ve recorded in the five years that I’ve been conducting quarterly surveys of sales activity and price trends. 

Our Winter 2019 survey pinpointed the bottom of the Sydney trough and our latest survey, now under way, provides strong evidence of the market revival, showing just how much has changed since the middle of last year. 

Locations with rising markets, as measured by sales activity, can be found in 22 municipalities across the Sydney metro area, but the revival is not evenly distributed. The greatest uplift is being felt at the upper end of the market and many suburbs have not yet experienced significant improvement.

The number of suburbs classified as declining markets has dropped a lot but there are still 12 suburbs with deteriorating demand – and another 12 that have that characteristic as well as high vacancies and weak prices, which we therefore classify as danger markets.

There danger markets are all locations where apartments predominate. Seven of them are in the Parramatta LGA, where high levels of new apartments have been built in recent years and vacancies remain in the 5% to 8% range in several cases.

The leading market in the Greater Sydney Area is the Northern Beaches LGA. It has nine suburbs with rising sales activity, plus six others with steady buyer demand. 

Quarterly sales in Newport have been 28-36-53-64, while Freshwater and Frenchs Forest are stand-outs for maintaining highly consistently sales levels throughout the post-boom correction phase and now in the recovery.

The Inner West LGA is also performing well, with six growth suburbs and nine others with consistent buyer demand. Quarterly sales in Annandale have been 17-32-36-45-64, while Leichardt has been 59-68-77-105, patterns that will likely drive prices higher.

The Sydney City LGA has growth suburbs, but also shows the importance of not generalizing when discussing real estate in a major city. The central city LGA has five suburbs with growing sales activity, 11 with steady markets, three where demand continues to decline and one suburb which we classify as a danger market. All that diversity exists in one municipality. 

Blacktown is the strongest of the outer-ring markets, with five growth suburbs and 11 with steady sales activity. Schofields continues to stand out with rising sales activity – quarterly sales over the past two years have been 64-82-99-105-120-150-196-162.

Other LGAs with three or four growth suburbs include the Hills Shire, Ku-ring-gai, North Sydney and Sutherland municipalities.

This new survey also shows the recovery in the Canterbury-Bankstown area. Six months ago, 12 suburbs in this LGA were rated as declining markets, with sales levels dropping markedly. But now most of these suburbs have been re-classified as plateau markets, as sales levels start to improve. And four suburbs of the Canterbury-Bankstown LGA have shown sufficient revival to be classified as rising markets.

Across Greater Sydney, prices are reacting to the uplift in demand that is generally occurring in many locations, but most suburbs still have median prices below the levels of 12 months ago. This applies to 92% of suburbs for houses and 85% of suburbs for apartments.

But many suburbs have shown increases in the latest quarter. Examples include Mona Vale (median house price down 8% annually but up 2.3% in the latest quarter); Collaroy (down 15% in annual terms but up 9.5% quarter-to-quarter); Bronte (down 9% year-on-year but up 2.6% in the latest quarter); and Killara (down 15% annually but up 3% quarter-to-quarter). 

This is a pattern I expect to see becoming increasingly prevalent as the uplift being led by the more expensive areas spreads more widely across the metro area.

Terry Ryder is the founder of hotspotting.com.au <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">ryder@hotspotting.com.au</a> twitter.com/hotspotting

PICTURE SOURCE: <a class="external text" href="https://www.flickr.com/photos/34120957@N04" rel="nofollow" target="_blank">Alex Proimos</a>
</body></html>

Northern Beaches rising buyer demand drives Greater Sydney to strongest Sydney market: Hotspotting's Terry Ryder

<html><body>
Rental demand for units is 23% higher year-on-year, according to the latest data from the realestatwe.com.au website.

Demand for house rentals is up by 11% on the same time last year, just as the worldwide pandemic became official.

[smartcode_project:default project_id=24422]

"Perhaps somewhat surprising given the current environment, but demand for units is 23% higher year-on-year with demand for houses up by less than half that, at 11% growth," Cameron Kusher, the executive manager of economic research at REA Group said.

This year the rental demand has fallen for five successive weeks.

<img alt="" height="1376" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rea_rental_demand.jpg" width="1600">

The reasons Kusher advised on the emerging trend was "that we aren’t seeing the influx of overseas arrivals like we typically would at this time of year, as well as the fact that government incentives have driven a surge in purchasing activity from first home buyers, which may lead to reduced rental demand."

Rental demand fell by a further 1.1% last week, taking it to be 15.8 per cent lower than its historic peak.

Cameron Kusher said Tasmania and Australian Capital Territory were the only states in which rental demand increased over the past week.

While rental demand has trended lower over recent weeks, it remains 17% higher than it was a year.

[smartcode_project:default project_id=90553]

After the seasonal early-January surge, two weeks ago Kusher noted demand would continue to trend lower over the coming weeks "as we exit the busiest time of the year for the rental market during the first quarter."

The REA Insights Rental Demand Index was relaunched last month.

While the original index measured the total volume of highly-engaged renter activity on realestate.com.au, it now measures the change in the number of people that are highly-engaged with properties listed for rent on realestate.com.au.

Someone is determined to be ‘highly engaged’ when they undertake a number of actions on a listing, these include but are not limited to; the number of visits to a listing, looking at the photos for a listing multiple times, saving the property, sharing the property and/or making an enquiry with the agent.
</body></html>

Rental demand has now fallen for five successive weeks, after the seasonal early-January surge, but remains higher than last year, according to realestate.com.au data

Latest Investing Insights

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

Editor's Picks

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Latest Investing Insights

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

Editor's Picks

Receive the latest news stories to your inbox

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.