Apartment buyers in New South Wales are set to gain a decade of insurance-backed protection against major building defects, after the NSW Parliament passed the Fair Trading and Building Legislation Amendment Bill 2026.&nbsp;

The Bill establishes decennial defect insurance, known in the market as Latent Defects Insurance (LDI), as an alternative to the existing two-year strata building bond. It cleared the Legislative Council with amendments on Tuesday evening (August 4, 2026), with the Legislative Assembly agreeing to those amendments shortly after.

Under the reform, eligible developers can satisfy their statutory bond obligation by taking out an approved decennial-style policy that gives owners 10 years of cover for major structural defects from completion, claimable directly, without first having to pursue developers or builders through costly legal action.&nbsp;

The change forms the final tranche of amendments arising from the 2021 statutory review of the Strata Schemes Management Act 2015 and related legislation.

Resilience Insurance, which originated the cover in Australia and has delivered it in NSW since 2022, welcomed the passage and credited the NSW Government for delivering it.

“This is protection apartment buyers have needed for a long time, and the credit for delivering it belongs to the NSW Government,”&nbsp;said Corey Nugent, CEO of Resilience Insurance.

“Minister Chanthivong and his team have shown real leadership in replacing an outdated two-year bond with cover that matches the lifespan of the buildings people are buying into. Reform like this is what good, evidence-based regulation looks like.”

Resilience has delivered LDI in NSW since 2022, protecting thousands of apartments, giving the State, and now the country, real-world evidence of how decade-long, no-fault protection works in practice.

The reform also places NSW within a wider national shift.

NSW is the third jurisdiction to put decennial cover into law. The ACT legislated for it in 2024, with the scheme taking effect in late 2025, and Victoria passed its own framework on 17 June. Between them, the three cover the majority of Australia's apartment market.

The reform commences once the legislation is proclaimed, which is expected in the coming weeks. From that point, developers of Class 2 residential apartment buildings can meet their statutory obligation with an approved decennial policy in place of the bond.

Buyers who purchased into projects that took out the cover early are among the first in the country to take keys to apartments carrying decade-long structural protection.

“With the legislation passed, the focus now turns to making it work for buyers,”&nbsp;Nugent said.

“There are already thousands of apartments in NSW covered by this insurance, bought by developers who moved early. The question every buyer should be asking in a display suite is a simple one: does this building come with 10-year defect cover, and who stands behind it?&nbsp;

“We look forward to working with the Government and the Building Commission in coming weeks as the framework moves to implementation, and to sharing what we have learned over the past four years so the protection reaches owners as smoothly and quickly as possible.”

Other states are working through their own reform programs. Western Australia has indicated that decennial cover is within consideration a later stage of its reform sequence, and Queensland has been examining the settings as it looks at the development pipeline ahead of the 2032 Olympics.

Resilience Insurance acknowledges the NSW Government’s continued focus on strengthening consumer protection while supporting housing delivery across the State.

Fast Facts: What the reform means

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Proven at scale:&nbsp;Decennial cover has operated in NSW since 2022, protecting thousand of apartments.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">10 years of cover:&nbsp;Protection for major structural defects runs for a decade from completion, claimable directly and with no legal action required.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">An alternative to the bond:&nbsp;Eligible developers can meet their statutory obligation with an approved decennial-style policy in place of the 2% strata building bond.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Part of a national shift:&nbsp;The ACT has had decennial provisions in force since 2025 and Victoria passed its framework in June. NSW now joins them.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">No-fault, first resort:&nbsp;Owners corporations claim directly from the insurer without first having to establish who is liable for the defect.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost-competitive:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the 2% bond while offering broader, longer protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market position:&nbsp;Resilience originated LDI in Australia and has delivered it in NSW since 2022.</li>
</ul>

Fast Facts: What is Resilience LDI?

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial">
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Resilience Latent Defects Insurance (LDI):&nbsp;Covers major structural defects for 10 years from completion.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Consumer-first:&nbsp;Direct claim access, no need for lengthy legal action.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Cost advantage:&nbsp;At approximately 1.8% of build cost, LDI is typically priced below the traditional 2% Strata Bond while offering broader protection.</li>
	<li style="margin-left:15px; font-family:Aptos, Arial, Helvetica, sans-serif; font-size:12pt; color:#000000">Market leader:&nbsp;&nbsp;Resilience Insurance originated LDI in Australia and is the national market leader.</li>
</ul>

Joel Robinson

NSW parliament passes 10-year defect insurance laws for new apartment buyers

Builder-developer <a href="https://www.apartments.com.au/developers/mcnab-developments">McNab</a> has wasted little time reshaping one of South Brisbane's most significant undeveloped apartment sites after acquiring the property earlier this year.&nbsp;

McNab has lodged plans to scrap an existing approval for two 30-storey towers and instead deliver a single 28-storey residential building, preserving part of the site for a future development opportunity.

The proposal, lodged over <a href="https://www.apartments.com.au/new-apartments/64-peel-street-south-brisbane-qld-4101">64 Peel Street and 9 Cordelia Street</a>, is for a residential-led mixed-use development comprising 124 apartments above a landscaped podium, alongside a boundary realignment that preserves part of the land for a future residential project.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="743bf564-3f8f-45fc-b8d3-bbf18f5b628f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20Peel%20st%20podium.png?VersionId=EhCxGrVn_VFH3qTbKnI4WppGwaMnOn0t" />

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a>, the development will deliver 119 two-bedroom and five three-bedroom apartments across 23 residential levels. A five-level podium will accommodate 135 car spaces, while the ground floor will include a 66 sqm commercial tenancy, an activated residential lobby with work-from-home spaces, and a publicly accessible landscaped plaza linking Cordelia and Peel streets.&nbsp;

Communal amenities will span Level 6 and the rooftop, including indoor and outdoor recreation spaces, a swimming pool, barbecue facilities, kitchen and dining areas, lawn space, sauna, steam room and yoga facilities.

The application also proposes a boundary realignment to create a standalone 1,290 sqm development lot while retaining an adjacent parcel for future redevelopment, allowing the balance of the site to contribute additional housing over time.

Hayball said the architecture has been shaped by the site's elevated corner position at the intersection of Peel and Cordelia streets and Brisbane's subtropical climate.

The design incorporates generous landscaped setbacks, a masonry podium wrapped with planting, large north-facing balconies, and a slender tower profile intended to maximise natural light, cross ventilation and long-range views. The rooftop has been conceived as a wellness-focused retreat overlooking Brisbane, with amenities positioned to capture views towards Mount Coot-tha and the CBD.

<img alt="First look: McNab resets decade-old South Brisbane approval with 124-apartment tower" data-entity-type="file" data-entity-uuid="c5f99e84-6ad8-4a87-82d1-869685b754d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mcnab%20tower%20perspective.png?VersionId=Gw0IuJaSAlk.tvGBxInhZOcQAdIB..2b" />

The planning submission positions the proposal as a response to both changing market conditions and Brisbane's Kurilpa Sustainable Growth Precinct planning reforms.

McNab acquired the site after the previous approval was granted, with the existing scheme no longer reflecting current residential market demands, economic conditions, construction challenges, construction efficiencies or the quality of development outcome now being pursued, the planning report noted.

McNab continues to expand its residential development pipeline across Brisbane and the Gold Coast. The developer recently launched The Tannery in West End, securing more than 60 per cent of apartments before the project's public release. It is also delivering Elements Budds Beach in Surfers Paradise and Lucia Highgate Hill, an eight-apartment boutique development overlooking the Brisbane River.

McNab resets decade-old South Brisbane approval with 124-apartment tower

A steeply sloping Bellevue Hill site is set to accommodate a new mid-rise apartment development, with plans lodged for 20 homes that respond to the site's dramatic topography.

The proposal for the consolidated land at <a href="https://www.apartments.com.au/new-apartments/138a-140-bellevue-road-bellevue-hill-nsw-2023">138A-140 Bellevue Road</a> has been designed by Sydney architecture practice Common Office, which has used the site’s substantial fall to distribute the building’s scale and unlock 20 apartments without presenting the full height to the street.&nbsp;

“The unique design strategy leverages the site’s substantial topographical fall to facilitate increased density, presenting a seven-storey profile to Bellevue Road while rising to 10 storeys at the rear,” Common Office said in its architectural design report.

The apartment mix spans one, two, three- and four-bedroom residences. Four two-bedroom apartments are designated as affordable housing, while the plans also include two adaptable dwellings. The mix is majority three-beds, with the typical three-bed apartment offering around 144 sqm internally, with balconies of around 15 sqm.

The affordable housing component represents 15 per cent of the residential floor area and allows the project to access additional height and floor space under the NSW Government’s in-fill affordable housing provisions. The site also falls within the inner area of the Low and Mid-Rise Housing Policy because it is within 400 metres walking distance of Double Bay Town Centre.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="b1230d0f-3bfa-4a11-abaf-0928c66ef345" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da.png?VersionId=dZeMK3P.OutGjN8ycjsxm8uNsj_QFWQv" />

Common Office has arranged the building around a masonry podium and a lighter upper volume, drawing on two recurring elements of Bellevue Hill’s established architecture: sandstone bases and the vertical proportions of local Inter-war Art Deco apartment buildings.

“The proposal is governed by a holistic design language that reconciles the solid horizontal masonry of the neighbourhood’s podiums with the elegant verticality of its Art Deco heritage,” the architect said.

“The building maintains a consistent rhythmic logic utilising deep recesses and a sophisticated material transition to break down the 10-storey scale into a series of articulated, human-scale volumes.”

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="0147f503-1af1-4d51-97fb-c2f1cba63a9d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20bldg.png?VersionId=GoW7q3NlK67OpnePXhk7zvklrlKb72Qc" />

Large-format sandstone tiles will define the lower levels, establishing a robust base that negotiates the change in elevation from Bellevue Road. Above, red-tinted precast concrete frames, recessed balconies, anodised aluminium screens and expanded metal details will create a more vertically expressed façade. Integrated planter beds will introduce greenery across balcony edges and recessed sections of the building.

The elongated northern façade has been divided into three recessed vertical masses to reduce its perceived length. Triangular window elements and metal privacy screens reference the geometry of nearby Art Deco buildings while controlling overlooking toward surrounding homes. The southern elevation will incorporate further privacy screening, landscaped edges and deep balconies to maintain light and ventilation.

<img alt="First Look: Plans lodged for topography-led affordable housing project in Bellevue Hill" data-entity-type="file" data-entity-uuid="e8679cf1-18bc-4447-8a0f-0052b94ab83c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bellevue%20da%20rooftop.png?VersionId=5SQqQqRFf76rvE2p1TbxJSweMN70AIbc" />

Private and communal landscaping is distributed throughout the development. A landscaped garden apartment is positioned within the lower portion of the site, while a communal terrace on Level 5 will include a central timber deck, barbecue facilities, resident planting plots and areas for outdoor dining and informal gatherings.

Common Office described the terrace as an elevated sanctuary designed to capture district views and sunlight. Its planting strategy incorporates endemic species associated with the Eastern Suburbs Banksia Scrub, extending the landscape vertically through the building and providing habitat for local flora and fauna.

A second communal outdoor area is proposed at roof level, with built-in seating, paved gathering areas and perimeter planting.

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction. Positive Investment Enterprise is delivering the 16-apartment Kew Palm House on Birriga Road, while Chanine Developments is also under construction at Florian, a 36-apartment project on Banksia Road.

&nbsp;

Bellevue Hill is enjoying renewed momentum in the new apartment market, with several boutique developments recently launched and currently under construction.

First Look: Apartment development pitched for Bellevue Hill, Double Bay fringe

South Brisbane's apartment pipeline continues to build momentum, with <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a> lodging plans for a 161-apartment tower on Montague Road as developers accelerate investment across the Kurilpa Sustainable Growth Precinct.

The proposal for 176–186 Montague Road would replace an existing office building with a 20-storey residential tower designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, adding to a growing pipeline of high-density projects reshaping one of Brisbane's fastest-evolving inner-city precincts.

The project has been conceived as a "living building", featuring a flowing tower form, extensive vertical landscaping, and generous communal spaces that respond to the evolving Kurilpa Sustainable Growth Precinct.

TRK Property Group Development Director Matt Kan said the project reflected the confidence developers have in South Brisbane's long-term future.

"South Brisbane is entering an incredibly exciting period, and we see Montague Road sitting right at the heart of that evolution," Kan said.

"With the former Visy site directly opposite us and significant investment planned throughout the broader Kurilpa precinct, there is a real sense of momentum around this part of the city and what it will become over the coming years.

"For TRK, this is an opportunity to be part of that next chapter and deliver a project that responds to where the precinct is heading, while contributing to the continued evolution of Brisbane's river edge."

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="590fe1ad-f892-4446-a679-80e33a16d029" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20tower%20facade.png?VersionId=uOJStrcKpyHFcPE1w6_9SMAFzVMCcZll" />

The scheme includes a mix of one, two, three and four-bedroom apartments, incorporating multi-purpose rooms in selected residences to provide additional flexibility for home offices or expanded living areas. The proposed mix comprises 15 one-bedroom, 13 one-bedroom plus MPR, 73 two-bedroom, 26 two-bedroom plus MPR, 30 three-bedroom, and four four-bedroom apartments.

Rather than adopting a conventional rectilinear tower, COX Architecture has developed a sculpted form inspired by the movement of the Brisbane River.

"The proposal has been designed by COX Architecture as a 'living building' that responds to the site's riverine setting, floodplain history and evolving urban context within the Kurilpa Sustainable Growth Precinct," the planning report states.

"The architectural form draws from the fluid nature of the Brisbane River, with a curved and undulating tower form that creates a varied architectural edge and avoids a conventional rectilinear tower expression."

The podium has also been designed as an architectural feature rather than a conventional parking structure, with cascading planting, screening and natural-toned materials softening its appearance. Resident parking is elevated above ground level to address the site's flood constraints, while habitable apartments sit above flood planning levels. Upper-level communal facilities are designed to accommodate shelter-in-place arrangements during major flood events.

<img alt="First look: TRK Property joins South Brisbane apartment surge with Montague Road tower plans" data-entity-type="file" data-entity-uuid="01fa15d0-90df-46c7-9555-7941fc45373c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/TRK%20podium.png?VersionId=mHyua.w1pHGBt9qEdWzrlsv.leztUCwO" />

Communal amenity is a major focus of the proposal. Around 1,815 sqm of shared resident space is proposed across the ground floor, level 19 and the rooftop, including co-working areas, indoor and outdoor recreation spaces, wellness facilities, dining and gathering areas, lawn spaces, a rooftop pool and spa, and extensive landscaping. At street level, a landscaped forecourt and approximately 345 sqm of publicly accessible open space along Montague Road are intended to improve the pedestrian experience while activating the building's frontage.

The development will provide 163 car spaces, including 152 resident bays and 11 visitor spaces, together with 144 bicycle spaces incorporating resident storage, visitor parking, bicycle maintenance facilities and e-mobility charging infrastructure.

The site sits within one of Brisbane's fastest-changing inner-city precincts, less than two kilometres from the CBD and within easy reach of South Bank, West End, the Queensland Cultural Centre and extensive public transport connections. The Kurilpa Sustainable Growth Precinct planning framework is encouraging higher-density residential development to help meet Brisbane's housing supply targets while supporting walkable, transit-oriented neighbourhoods.

TRK Property joins South Brisbane apartment surge with Montague Road tower plans

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

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

<html><body>
Buyers still hold the balance of power when it comes to buying homes according to the May quarter update to the Commonwealth Bank-RP Data Home Buyer’s Index (HBI) with Sydney still rated as a buyers market while Melbourne is rated as balanced.
While conditions favour buyers, the latest index shows a modest improvement over the past quarter as the volume of stock available has eased. The index sits just below 100 – indicating a balanced market – having dipped in favour of buyers since the start of the year.
Queensland and Tasmania are rated as extreme buyers’ markets – as they rated in the February index – with conditions “well and truly skewed towards the buyer”.
Brisbane is a more balanced market than its corresponding state market, rated one notch down as a buyers’ market.
However, Hobart matches Tasmania as an extreme buyers’ market – the only combined state and capital city market to be heavily skewed in favour of buyers.
No state or capital city market is rated as a sellers’ market, with Victoria the only state market where conditions have improved in favour of sellers – going from a buyers’ market to a balanced market, matching Melbourne, which is also rated a buyers' market.
The other balanced markets are Canberra and the ACT with Sydney, Adelaide and Perth rated as buyers' markets.
Darwin is the only capital city where conditions have improved in favour or sellers – also going from a going from a buyers’ market to a balanced market.
The report notes that total advertised stock levels continue to outweigh the number of home loans funded, “suggesting buyers should have a reasonable amount of leverage when it comes to negotiating on the purchase of a home”.
While Queensland and Tasmania market conditions well and truly favour buyers, “at the other end of the spectrum Victoria and the Australian Capital Territory are experiencing more balanced market conditions with vendors and buyers relatively evenly matched”.
“At a capital city level conditions typically indicate that the market is in favour of the buyer. Again, Melbourne and Canberra are the outliers along with Darwin, with conditions proving to be balanced.”
Commentary on the state capital city markets is:
Sydney (Buyer’s market): Sydney's selling conditions have improved slightly over the last quarter, however buyers remain better positioned in negotiations than vendors. Given these conditions vendors will likely have to set more competitive prices in order to attract purchaser interest.
Melbourne (Balanced market): Market conditions across Melbourne are relatively balanced with the number of homes available for sale broadly in line with buyer demand over the past quarter. Conditions still slightly favour buyers rather than sellers and vendors will need to keep this in mind when trying to sell their home.
Brisbane (Buyer’s market): The ratio of supply to demand in Brisbane has not changed over the quarter with conditions continuing to favour buyers, with the amount of housing supply outstripping the number of buyers that are active in the current market. Buyers remain in a strong negotiation position and vendors will need to be realistic about their price expectations.
Adelaide (Buyer’s market): Housing market conditions across Adelaide continue to favour buyers rather than sellers, however there has been a noticeable improvement in selling conditions over the past quarter. Those people looking to buy homes in Adelaide hold a slightly superior position in negotiations to those looking to sell in the current market.
Perth (Buyer’s market): Prospective home buyers in Perth remain in the driver’s seat, with the number of homes for sale still outweighing effective demand. The Index suggests that buyers are enjoying a stronger position when it comes to settling on the purchase price, however conditions for sellers have shown modest improvement over the past quarter. Sellers will still need to be realistic in their price expectations in order to make a sale.
Hobart (Extreme Buyer’s market): The index for Hobart shows market conditions remain well and truly in favour of the buyer and have shown only a slight improvement over the past quarter. These conditions suggest increased scope for price negotiation in the current market. Effective supply is continuing to outweigh effective demand which is likely to result in a superior negotiation position for buyers.
Darwin (Balanced market): Conditions across the Darwin housing market have improved in favour of the seller over the last quarter and now show a market that is reasonably balanced. Should vendors hope to successfully sell their property they will still need to set their price appropriate to the current market in order to attract buyer interest.
Canberra (Balanced market): Across Canberra, buyer demand and the supply of housing available for sale is relatively evenly balanced with conditions slightly favouring the seller. Over the past quarter there has been very little change in selling conditions. The current HBI reading shows a balanced market with buyers and sellers evenly matched.
</body></html>

lschlesinger-FZcF9M3vE6

Queensland and Tasmania the most extreme buyers’ market, with conditions balanced in Victoria and the ACT: CBA-RP Data

<html><body>
Shopping centre landlord GPT is backing its portfolio of regional shopping centres to continue to perform strongly, despite the threat posed to vacancies and rental revenue from online retailing, according to a report by credit rating agency Moody’s
<a href="https://www.propertyobserver.com.au/news/westfield-gpt-best-placed-to-deal-with-online-threat-but-still-facing-concerns-over-vacancies-and-rental-growth-moodys/2012073055780">The Moody’s report warned that online shopping and the high Australian dollar</a> could impact on vacancy rates and inflation-adjusted rental increases for retail REITS including GPT and Westfield.
Responding to the Moody’s report, Mark Fookes, GPT’s head of investment management, says the company “believes in the future of retail as a strong investment class”.
“We are confident our retail portfolio will continue to deliver solid income growth as GPT continues to actively evolve the tenant mix, invest in complimentary technology, and focus on enhancing the customer experience,” he says.
“GPT believes quality regional shopping centres which dominate their trade area will continue to outperform other retail asset classes.
“Quality regional centres provide the benefits of strong tenant demand; tenant diversification; a broader retail offer including entertainment and leisure; and flexibility to evolve the retail offer and enhance the customer experience.
GPT has a 60% of its property investments in the retail space, including the Highpoint shopping centre in Melbourne’s west, the 10th biggest mall in Australia and currently being expanding.
Fookes also highlighted that 95% of GPT’s retail portfolio is made up of regional shopping centres, one of the highest proportions of its peers.
Moody’s expects regional centres to show greater resilience than sub-regional and neighbourhood centres, particularly those that “provide a broad range of offerings, including entertainment, restaurants and services, are more likely to be able to continue to attract tenants than smaller and more narrowly defined centres”.
“In addition [to our high exposure to regional shopping centres], 86% of our retail portfolio income is underpinned by structured rental increases of 4.5% in 2012,” Fookes says.
Westfield declined to comment on the Moody's report, deferring to its interim results, which will be released on August 16.
GPT will release its full results on August 27.
</body></html>

GPT confident retail property portfolio will continue to deliver strong returns and rental growth

<html><body>
The number of dwellings approved for construction fell 2.5% in June in seasonally adjusted terms, according to latest ABS estimates, following a rise of 27% in the previous month.
Economists polled by Bloomberg last week had forecast a much bigger 15% month-on-month fall in building approvals in June.
Nevertheless, the results will disappoint the residential construction sector.
The biggest monthly fall in dwelling approvals in June was recorded in Victoria (-14.6%).
There were, however, strong gains in the mining states with Western Australian approvals up 28.9% followed by Queensland (18.0%)
Smaller gains were also recorded in Tasmania (9.2%), New South Wales (7.7%) and South Australia (4.1%) in seasonally adjusted terms.
The detached housing sector remained weak.
Approvals for private sector houses fell 1.1% in June and are down 9.1% year-on-year with the monthly fall led by  New South Wales (-4.5%) and Victoria (-3.3%) but rose in Queensland (5.3%), Western Australia (4.4%) and South Australia (0.4%).
The value of total building approved fell 9.8% in June, in seasonally adjusted terms, after rising for 2 months. The value of residential building rose 0.2% while non-residential building fell 22.3%.
The Housing Industry Association noted the approvals update was a "reasonable result at face value."
The HIA chief economist, Harley Dale said the decline of 2.5% in total seasonally adjusted building approvals in June 2012 looked "modest" in the context of the 27% jump which occurred the previous month."
"Furthermore, the headline result reflects the sharp decline now underway in Victoria, with building approvals increasing in June in every other state and territory," said Harley Dale.
"Building approvals increased in the June 2012 quarter and this improvement is driven by a relatively healthy rebound in ‘other dwellings’," said Harley Dale. "The concerning factor is that this recovery masks on-going deterioration in the core detached house segment of the new home building market."
"Housing starts are back at recessionary levels in 2012 and the pain of that situation for tens of thousands of businesses around the country is unfortunately plain to see," Harley Dale said.
"It is vital to see evidence of a broad-based recovery in building approvals and that is simply not the case at present," said Harley Dale. "Detached house approvals fell by 6.2% in the June 2012 quarter and by 10.2% last financial year to reach their lowest level in over a decade. The trend decline in detached house approvals now extends to 30 consecutive months."
"That situation makes the case for government investment in new housing and reform of the excessive and inefficient levels of taxation on the sector all the more compelling," added Harley Dale.
 
</body></html>

Building approvals fall 2.5% in June led by big drop in Victoria: ABS

<html><body>
Property investors are becoming more active in Australia’s two mining states – Western Australia and Queensland, according to a recent report by Knight Frank.
Declining numbers of properties available for sale in the Perth metro area combined with a strong rental market are bringing “high numbers” of investors back to Perth, says Neil Kay, Knight Frank’s director of residential project marketing.
He notes Real Estate Institute of Western Australia (REIWA) figures that show the number of properties in the Perth metro area available for sale has been steadily dropping over the last 10 months.
“It reached a high of circa 18,000 properties [including house, unit and land] early last year in 2011."
“However, according REIWA we are sitting at around 13,400 properties on the market, and this is decreasing every week, due to a combination of factors over the last year, such as WA has the fastest-growing population rate and lowest unemployment, highest wages, and so on,” says Kay.
He says WA now has one of the strongest rental markets, “with huge numbers of people flocking to the area for work”.
“Inner-city rents have jumped about 30%. For example a two-bedroom unit fully furnished was $600 per week 12 months ago. Over the last two weeks, we have been renting the same unit for $850 per week.”
“Supply of property for sale is dropping as owners decide to rent out their property instead of selling."
“Major oil and gas companies and all the supporting businesses and companies are opening up offices and bringing people over to work. So the rate of sales in off-the-plan apartments is increasing as the supply in established apartments tightens.”
Kay says it’s only a matter of time when all these factors combine to start putting increasing pressure on property prices to start rising.
In Queensland, investors are opting for low-rise (or “horizontal”) off-the-plan development as opposed to high-rise (or “vertical”) off-the-plan development, says Mathew Cassidy, Knight Frank’s residential property manager for project marketing.
“The reason seems to be surety around delivery of the property, meaning that the villa or house will be delivered in a time frame that suits their specific situation,” he says.
Cassidy also expects a recovery in sales volumes on the more predictable Gold Coast and Brisbane – barring any unforeseen world crisis – with rentals in both areas still strong.
“Regional mining areas have seen strong capital growth and new construction. Our regional offices note that this looks set to continue for several years at least. Occupancy rates and rental returns are flourishing due to a lack of quality accommodation and dwellings,” he says.
The strong performance of Perth’s rental market in particular – and Brisbane’s to a lesser extent – was revealed in the March quarter figures put out by the Real Estate Institute of Australia (REIA).
Perth rents for three-bedroom houses have risen 9% over the previous 12 months to a median of $425 while two-bedroom units are up 8.1% over this period to $400, according to the REIA.
Brisbane three-bedroom house rents are up 2.9% to a median of $360 for the 12 months to March while two-bedroom units are up 4.3% to $365.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/06/reiajune18.gif" title="Click to enlarge"><img src="/images/stories/2012/06/reiajune18thumb.gif"></a>
Source: REIA
</body></html>

Property investor activity on the rise in mining states WA and Queensland: Knight Frank

<html><body>
The Adelaide suburb of Glenelg, with 3,448 people in an area less than a square kilometre, is the most crowded suburb in South Australia, according to RP Data. The suburb has 3,619 people per square kilometre.
The most crowded regional area in South Australia is Risdon Park, in the Barossa Valley, with 1,264 people per kilometre.
Adelaide
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/07/rpjuly27.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpjuly27thumb.gif"></a>
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/07/rpjuly28.gif" title="Click to enlarge"><img src="/images/stories/2012/07/rpjuly28thumb.gif"></a>
 
</body></html>

po-LsXgBTHBmX

Glenelg the most crowded suburb in Adelaide: RP Data

<html><body>
I was interested this week in a financial wellbeing survey, which focused on the gap between the size of superannuation, and what is actually needed for retirement. Just 23% of Australians are confident their super will fund a decent retirement. When it comes to superannuation, there are distinct phases: people in their teens and 20s don’t care; people in their 30s and 40s do care but they’re focused on career, mortgage and kids; and people in their 50s and 60s are panicking about retirement. Let’s start with the first group. Those new to the workforce don’t think about retirement, but their decisions now have ramifications 40 years later. The law says your employer has to put 9% of your wages into a complying super fund, so you start with the advantage of a developing nest egg with tax breaks. You owe it to yourself to shop around the funds and see what they offer. Secondly, I suggest you roll any super accounts your might have from previous employers into one super account. You should also put some extra super in each month and select which accounts your super goes into. Your super fund has various allocations, such as conservative, balanced, growth, international, property and so on. When you are young you should have your super in funds that ride the more volatile yet higher-yield shares-based funds. It gives you the best chance of having a large nest egg when you retire. Then we have people in their 30s and 40s. This is a difficult group to interest in superannuation because all of their earnings are going into mortgages and/or kids. But these are also peak earning years so income should be put away to be accessed later. In these years you should start with owning your own home. Secondly, you should be contributing more to your superannuation than the 9% your employer puts in. Fifteen per cent of earnings is a good target. And don’t forget to protect your earning power with life insurance, income protection insurance and total and permanent disability (TPD) insurance. With the complex interactions between tax, retirement savings and tax breaks, you can easily lose advantages that the law provides, so I suggest you get an adviser. The third life stage – people in their 50s and 60s – is the most complex because a certain amount of life has been lived and retirement is drawing closer. Start by knowing how much you’ll need to live on. Secondly, work on owning your home: either do this in your working years or use your superannuation to pay out the mortgage. Thirdly, you must get the most from super, especially if you own a business or you have a self managed super fund. Superannuation is designed to allow you to be a self-funded retiree. But you have to make it work to your advantage, and for most of us, that means taking advice.
Mark Bouris is executive chairman of <a target="_blank" href="https://www.ybr.com.au/" rel="nofollow">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
</body></html>

mbouris-tauSvXGAM2

Sorting your super at every age

<html><body>
In today’s world most goods or services that are offered on the market have a fixed asking price. They are offered for sale without the option to negotiate, which is called “bargaining”.
But it hasn’t always been that way and we seem to have lost the old concept of bargaining and now call it negotiation. It is still the same thing.
Wikipedia defines <a href="https://en.wikipedia.org/wiki/Bargaining">bargaining</a> as: “Bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service dispute the price which will be paid and the exact nature of the transaction that will take place, and eventually come to an agreement.”
In real estate today that pretty much sums it up though I am not very comfortable with the term “dispute”.
Either way, the fact is that real estate purchases have always been negotiable. The seller asks a fixed price or puts their property up for auction to the highest bidder. So we’re back to a sort of bargaining again.
But you see there is an important element involved in this. It is called perception of value, and this is the most important ingredient in the practice of bargaining.
It is about the perceived value of a material object. As in Murphy’s Law, what the buyer believes is usually at opposite ends to what the seller believes. The concept of value is different for everyone involved in a purchase or a sale. It depends which side of the coin you are on.
There is an old saying that “Beauty is in the eye of the beholder.” And this holds true for anything you want to buy as a consumer.
Would I have paid $120 million dollars for Edvard Munch’s iconic masterpiece The Scream? No. But that is just me, and if I had that sort of money I would now be sitting happily under a coconut tree with Clive Palmer sipping cocktails in Bora Bora.
In the real estate merry-go-round sellers offer their property for sale, not just based on its current market value but on the value they place on it themselves. Similarly, buyers will value it based on their own perception. So we are back to bargaining again.
I love a bargain and don’t we all. The problem is that sellers want to make a profit. It is all about money, and money makes the world go round.
Tim Mansfield is a 30-year global veteran in the real estate industry and founder and CEO of Sydney-based buyers’ agents <a href="https://www.primepropertybuyer.com" target="_blank" rel="nofollow">PrimePropertyBuyer</a>. You can follow Tim on Twitter by clicking <a href="https://twitter.com/#%21/tim_mansfield" rel="nofollow">here</a>.
</body></html>

tmansfield-Rk8rBecHRA

The art of bargaining in real estate

<html><body>
Detached new home sales increased by 23.5% in Western Australia over June, leading a 2.8% national gain across all new dwelling types, according the Housing Industry Association's (HIA) monthly survey of Australia's largest volume builders.
June was the third straight month of improving new home sales as recorded by the HIA, though they still remain at very low levels.
The national gain over June was driven by 15.7% jump in the sales of multi-units with the detached housing market flat, recording only a 0.7% gain.
"It is encouraging to see a second consecutive jump in the sale of multi-units," says HIA chief economist, Dr Harley Dale. “Sales were up by 30.8% over the June 2012 quarter.”
"It is, however, a stark reminder of how much catching up is left in the multi-unit sector when a lift of this magnitude still leaves sales volumes 36% below their 10 year average,” says Dale.
Over the June 2012 quarter detached house sales fell by 1.1% to be a sharp 24.5% lower than the volume for the June 2011 quarter.
<img alt="newdwellings" src="/images/stories/2012/newdwellings.jpg" height="286" width="461">
“That’s a concerning update which sees detached house sales running at an annualised level 35% lower than the 10 year average and 44% below the long-term history of the series."
“Lower interest rates will assist new housing in 2012/13, but the large gap between the cash rate and variable mortgage rates will blunt their positive impact."
“Investment and reform from governments is the key ingredient to lifting the new housing sector substantially above the recessionary levels of 2012. State governments have a crucial role to play, as do local governments, but it is the Federal Government that needs to act first and lead by example.”
WA detached house sales are up 9.3% over the June quarter, but the HIA says “problems with the building act means this improvement will not translate into construction activity any time soon”.
Detached house sales increased by 2% in NSW, 4.4% in South Australia, but fell by 9.6% in Victoria and by 11% in Queensland.
Over the June 2012 quarter detached house sales fell in New South Wales (-6.2%), Queensland (-21.1%) and South Australia (-8.3%).
</body></html>

WA detached new home sales up 23.5% in June as unit sales help drive 2.8% national improvement: HIA

<html><body>
Economists are nearly all in agreement that the RBA will leave the cash rate unchanged at 3.5% at its next board meeting on August 7.
Twenty out of 24 economists polled by Bloomberg just before the weekend expect the RBA to continue to hold fire, up from 15 in the previous survey, a week prior.
Key data that may influence the RBA’s decision on the cash rate includes the release of private credit growth figures on Tuesday, building approvals data on Tuesday, capital city house price figures on Wednesday and retail trade figures on Thursday.
The prospects for a September rate cut are better, but also slim, with 17 out 24 economists expecting the RBA to hold fire again.
There are some prominent economists tipping a rate cut in August.
Shane Oliver, chief economist at AMP Capital Investors, expects the RBA to cut the cash rate by 25 basis points on August 7 as does Stephen Koukoulas from Market Economics.
Koukoulas is by far the most bullish economist on the cash rate among those surveyed by Bloomberg.
He is forecasting the cash rate to fall to 2.75% by year end and to fall another 25 basis points to 2.5% in the first quarter of 2013.
The majority of economists (13 out of 24) expect a cash rate of 3.25% in the first quarter of 2013.
Those readers thinking about refinancing their home loan should sign up for Property Observer’s free webinar: <a target="_blank" href="https://propertyobserver.us2.list-manage1.com/track/click?u=24bd0766a834290948593f5aa&amp;id=73e60d1a88&amp;e=add64da266">Refinancing and the </a><a target="_blank" href="https://propertyobserver.us2.list-manage.com/track/click?u=24bd0766a834290948593f5aa&amp;id=9814caeb06&amp;e=add64da266">interest rates riddle</a>, taking place on Tuesday, 31 July a 12:30pm AEST.
</body></html>

Economist don’t foresee RBA cash rate cut in August and rate cut also unlikely in September: Bloomberg survey

<html><body>
Trying to work out whether the Sydney, Melbourne or Brisbane housing market is going up or down?
Or just trying to work out whether you’re buying something at or below the median price?
It all depends on which housing data provider you choose to reference  - they all use different methodologies to calculate their indexes and hence will never be in agreement.
RP Data-Rismark, Residex and Australian Property Monitors (APM) have all released their June quarter data, so direct comparisons can now be made.
(The ABS will put out its June eight capital city indexes on August 1.)
In just two markets – Brisbane houses and Melbourne units – do all three providers agree on the direction they are heading…in both cases down.
The REIV released June quarter  data for Melbourne showing house prices up 2.9% to a median of $535,000 - the strongest quarterly gain recorded by all data providers.
Rarely are the national data providers within $10,000 of each other on the median house or unit price.
For example, RP Data-Rismark has the Sydney house price at a median of $616,000.
Residex says the median is $50,000 higher at $666,500, while APM’s Sydney median house price is in between the two at $642,425.
Some of the differences are startling.
<ul>
<li>Residex says Darwin house prices rose over 7% over the June quarter to a median of $511,500, while APM and RP Data both have Darwin house prices falling. 
</li>
<li>Residex says Perth house prices fell by more than 4% of the June quarter, while APM and RP Data have the market treading water. </li>
</ul>
<ul>
<li>RP Data says Hobart unit prices fell almost 10% over the June quarter, while Residex has them as unchanged, and APM records a smaller 3.9% decline.</li>
</ul>
Here’s a breakdown of how the three commercial data providers have assessed the June quarter performance of the main capital city markets:
For markets where the price has moved by less than 0.2% either way, they have been judged for the purposes of comparison as "unchanged”:
Sydney houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $616,000
</td>
<td valign="top" width="214">
Median price: $666,500
</td>
<td valign="top" width="185">
Median price: $642,425
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -1.4%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
UNCHANGED
</td>
</tr>
</tbody></table>
Melbourne houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $517,500
</td>
<td valign="top" width="214">
Median price: $555,500
</td>
<td valign="top" width="185">
Median price: $531,167
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -3.1%
</td>
<td valign="top" width="214">
DOWN over quarter: -1.31%
</td>
<td valign="top" width="185">
UP over quarter: +1.6%
</td>
</tr>
</tbody></table>
Brisbane houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $415,000
</td>
<td valign="top" width="214">
Median price: $412,500
</td>
<td valign="top" width="185">
Median price: $427,963
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -0.6%
</td>
<td valign="top" width="214">
DOWN over quarter: -3.75%
</td>
<td valign="top" width="185">
DOWN over quarter: -1.3%
</td>
</tr>
</tbody></table>
Perth houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $475,000
</td>
<td valign="top" width="214">
Median price: $467,000
</td>
<td valign="top" width="185">
Median price: $536,151
</td>
</tr>
<tr>
<td valign="top" width="216">
UNCHANGED
</td>
<td valign="top" width="214">
DOWN over quarter: -4.26%
</td>
<td valign="top" width="185">
UNCHANGED
</td>
</tr>
</tbody></table>
Adelaide houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $383,250
</td>
<td valign="top" width="214">
Median price: $385,500
</td>
<td valign="top" width="185">
Median price: $436,285
</td>
</tr>
<tr>
<td valign="top" width="216">
UP over quarter: +1.7%
</td>
<td valign="top" width="214">
DOWN over quarter :-0.34%
</td>
<td valign="top" width="185">
UNCHANGED
</td>
</tr>
</tbody></table>
Canberra houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex*
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $520,000
</td>
<td valign="top" width="214">
Median price: $529,000
</td>
<td valign="top" width="185">
Median price: $575,825
</td>
</tr>
<tr>
<td valign="top" width="216">
UP over quarter: +0.8%
</td>
<td valign="top" width="214">
DOWN over quarter: -1.41%
</td>
<td valign="top" width="185">
UP over quarter: +1.1%
</td>
</tr>
</tbody></table>
Darwin houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $510,000
</td>
<td valign="top" width="214">
Median price: $511,500
</td>
<td valign="top" width="185">
Median price: $608,843
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: - 1.9%
</td>
<td valign="top" width="214">
UP over quarter: +7.13%
</td>
<td valign="top" width="185">
DOWN over quarter: -1.2%
</td>
</tr>
</tbody></table>
Hobart houses
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $356,500
</td>
<td valign="top" width="214">
Median price: $357,000
</td>
<td valign="top" width="185">
Median price: $322,584
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -0.6%
</td>
<td valign="top" width="214">
DOWN over quarter: -4.15%
</td>
<td valign="top" width="185">
UP over quarter: +0.5%
</td>
</tr>
</tbody></table>
 
Sydney units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $477,000
</td>
<td valign="top" width="214">
Median price: $490,500
</td>
<td valign="top" width="185">
Median price: $464,124
</td>
</tr>
<tr>
<td valign="top" width="216">
UP over quarter: +3.3%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
UNCHANGED
</td>
</tr>
</tbody></table>
Melbourne units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $430,000
</td>
<td valign="top" width="214">
Median price: $428,000
</td>
<td valign="top" width="185">
Median price: $392,862
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -5%
</td>
<td valign="top" width="214">
DOWN over quarter: -0.91%
</td>
<td valign="top" width="185">
DOWN over quarter: -1.2%
</td>
</tr>
</tbody></table>
Brisbane units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $365,000
</td>
<td valign="top" width="214">
Median price: $349,500
</td>
<td valign="top" width="185">
Median price: $356,744
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -0.7%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
DOWN over quarter: -1.7%
</td>
</tr>
</tbody></table>
Perth units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $405,000
</td>
<td valign="top" width="214">
Median price: $421,000
</td>
<td valign="top" width="185">
Median price: $348,960
</td>
</tr>
<tr>
<td valign="top" width="216">
UP over quarter: +1.4%
</td>
<td valign="top" width="214">
UP over quarter: +7.45%
</td>
<td valign="top" width="185">
DOWN over quarter: -4.5%
</td>
</tr>
</tbody></table>
Adelaide units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $318,750
</td>
<td valign="top" width="214">
Median price: $305,000
</td>
<td valign="top" width="185">
Median price: $296,802
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -2.3%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
UP over quarter: +1%
</td>
</tr>
</tbody></table>
Canberra units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex*
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $408,000
</td>
<td valign="top" width="214">
Median price: $436,000
</td>
<td valign="top" width="185">
Median price: $421,339
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -1.7%
</td>
<td valign="top" width="214">
UP over quarter: +5.38%
</td>
<td valign="top" width="185">
UP over quarter: +2.5%
</td>
</tr>
</tbody></table>
Darwin units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $419,250
</td>
<td valign="top" width="214">
Median price: $407,000
</td>
<td valign="top" width="185">
Median price: $384,384
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -0.6%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
DOWN over quarter: -2.9%
</td>
</tr>
</tbody></table>
Hobart units
<table border="1" cellpadding="0" cellspacing="0"><tbody>
<tr>
<td valign="top" width="216">
RP Data 
</td>
<td valign="top" width="214">
Residex
</td>
<td valign="top" width="185">
APM
</td>
</tr>
<tr>
<td valign="top" width="216">
Median price: $279,000
</td>
<td valign="top" width="214">
Median price: $265,000
</td>
<td valign="top" width="185">
Median price: $260,393
</td>
</tr>
<tr>
<td valign="top" width="216">
DOWN over quarter: -9.8%
</td>
<td valign="top" width="214">
UNCHANGED
</td>
<td valign="top" width="185">
DOWN over quarter: -3.9%
</td>
</tr>
</tbody></table>
 
*Residex Canberra figures for the ACT 
For a break down of the RP Data-Rismark Daily Home Value Index <a href="https://www.propertyobserver.com.au/trends/change-in-median-prices-dont-inform-on-housing-market-direction-rp-data-rismark/2012073055768">click here</a>.
</body></html>

Latest Investing Insights

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

Editor's Picks

Developments

New apartments

New townhouses

News

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

Developments

New apartments

New townhouses

News