<p>Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.</p>

<p>For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.</p>

<p>Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.</p>

<p>"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=374893]</p>

<p>Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.</p>

<p>The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;</p>

<p>Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.</p>

<p>Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=269527]</p>

<p>Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.</p>

<p>"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."</p>

<p>The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.</p>

<p>"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."</p>

<p>[smartcode_project:default project_id=7354 project_image_fid=374892]</p>

<p>Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.</p>

<p>Construction is underway with completion expected in mid-2027.</p>

<p>[smartcode_project_cta:default project_id=7354]</p>


Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

<p>Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.</p>

<p>The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.</p>

<p>The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.</p>

<p><a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.</p>

<p>The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359521]</p>

<p>The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359527]</p>

<p><a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.</p>

<p>"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.</p>

<p>"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.</p>

<p>"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.</p>

<p>"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=145590 project_image_fid=359523]</p>

<p>The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.</p>

<p>Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.</p>

<p>EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.</p>

<p>WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.</p>

<p>"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.</p>

<p>"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."</p>

<p>Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>[smartcode_project_cta:default project_id=145590]</p>


Vitale breaks Byron Bay records with EADE sales flurry 

<p>When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.</p>

<p>But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.</p>

<p>As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.</p>

<p>For apartment residents, that can present a challenge.</p>

<p>If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.</p>

<p>That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.</p>

<p>It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.</p>

<p>As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.</p>

<p>Australia Post's Parcel Lockers provide one solution.</p>

<p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe></p>

<p>Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.</p>

<p>The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.</p>

<p>For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.</p>

<p>For buyers, it's a reminder that the best apartment features aren't always the most obvious.</p>

<p>A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.</p>


The apartment feature many buyers don't think about, until their first missed delivery

<p><a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.</p>

<p>Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.</p>

<p>A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.</p>

<p><img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" /></p>

<p>"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.</p>

<p>"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."</p>

<p>The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.</p>

<p><img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" /></p>

<p>Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.</p>

<p>The architects say landscape is intended to be integral to the building rather than an applied element.</p>

<p>"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."</p>

<p>"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."</p>

<p>Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.</p>

<p>HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.</p>


HG Developments doubles down in Newstead with second Maud Street apartment development

<p>Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.</p>

<p>But in many cases, that's not actually what those sustainability ratings guarantee.</p>

<p>Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.</p>

<p>In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.</p>

<p>That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.</p>

<p>The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.</p>

<p>Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.</p>

<p>Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.</p>

<p>Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.</p>

<p>"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.</p>

<p>"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.</p>

<p>"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."</p>

<p>Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.</p>

<p>Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.</p>

<p>"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.</p>

<p>"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.</p>

<p>"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."</p>

<p>For apartment buyers, the shift is also changing the questions worth asking.</p>

<p>Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?</p>

<p>As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.</p>


What does it really mean for a building to be 'green'?

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>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.</p>

<p>Even in the low seasons of May and June, occupancy levels reach around 40 per cent.</p>

<p><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" /></p>

<p>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</p>

<p>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.</p>

<p><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" /></p>

<p>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.<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><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" /></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span><span><span><span><span><span>​</span></span></span></span></span></span></p>

<p>The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;</p>

<p>Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.</p>

<p>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;</p>

<p>Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.</p>


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

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<p>The flow-on effect of a commodity price slump a few years back saw property prices crash in most of Australia’s mining towns, according to CoreLogic’s latest Property Pulse.</p>
<p>Cameron Kusher, CoreLogic head of research, said prices and rents slumped by as much as 60 percent in certain markets, adding there’s some good news on the horizon, with many of mining towns seeing sales volumes lift where there are signs that the rate of decline in house prices are starting to slow.</p>
<p>“History shows that mining booms don’t last forever and it would be difficult to find anyone that could suggest the house prices in many of these towns were sustainable during the boom," he said.</p>
<p>"At the time, prices were being driven higher by a temporary influx of residents on high incomes and therefore, creating greater housing demand at a time in which supply which was largely irresponsive which drove prices to record high levels.</p>
<p>"As the demand subsided supply was beginning to increase which led to substantial falls in both prices and sales.”</p>
<p>Gladstone – 578 sales over the past year at a median price of $323,875. Sales volumes are 68 percent lower than their July 2007 peak and median prices are 32 percent lower than their September 2012 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.00%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.00%20am.jpg" alt=""></p>
<p>Mackay – 1,216 sales over the past year at a median price of $335,000. Sales volumes are 63 eprcent lower than their April 2004 peak and median prices are 23 percent lower than their June 2013 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.10%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.10%20am.jpg" alt=""></p>
<p>Isaac - 198 sales over the past year at a median price of $140,000. Sales volumes are 70 percent lower than their March 2012 peak and median prices are 77 percent lower than their November 2012 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.19%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.19%20am.jpg" alt=""></p>
<p>Port Hedland - 204 sales over the past year at a median price of $300,000. Sales volumes are 49 percent lower than their July 2006 peak and median prices are 67 percent lower than their June 2013 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.34%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.34%20am.jpg" alt=""></p>
<p>Karratha - 289 sales over the past year at a median price of $285,000. Sales volumes are 44 percent lower than their March 2005 peak and median prices are 65 percent lower than their October 2010 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.46%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.46%20am.jpg" alt=""></p>
<p>Roxby Downs - 31 sales over the past year at a median price of $225,000. Sales volumes are 83 percent lower than their December 2003 peak and median prices are 55 percent lower than their October 2013 peak.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.57%20am.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Screen%20Shot%202017-05-18%20at%2010.57.57%20am.jpg" alt=""></p>
<p>Cameron Kusher said while each of these markets has recorded a significant fall in sales and selling prices over recent years, more recently each market has started to see sales rise.</p>
<p>“While this result is unlikely to represent demand substantial enough to drive prices higher, it may be enough to slow or stop the declines in prices in the short to longer term.</p>
<p>"It’s also important to remember that it’s not as if there is no demand for housing in these towns, it’s just substantially lower than it was during the mining boom.</p>
<p>"Anyone looking to purchase now is securing a property at a substantial discount from previous highs however, these towns also continue to achieve some of the best rental returns based on current pricing and rents.”</p>
<p>"While I expect very little prospects for capital growth over the coming years, investors looking for a passive income may be becoming more attracted to these markets which could explain the recent uptick in sales."</p>
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ckusher-ujnxiKuFQs

Gladstone still down 32 percent, but buyer demand moves off the floor in mining regions: Cameron Kusher

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<p>The strong capital gains evident across the Sydney and Melbourne housing markets have created a significant boost in wealth for home owners who were fortunate enough to own a property through the latest growth cycles.</p>
<p>However, the rate of capital gain has been remarkably lower across other markets with home owners outside of Sydney and Melbourne now seeing far less accrued equity from their housing assets.</p>
<p>On the flipside, there are also those housing markets where dwelling values have fallen, particularly in areas associated with the mining sector where a larger proportion of properties in these regions are now worth less than their original purchase price.</p>
<p>The wealth effect analysis measures two aspects of wealth accumulation via the housing sector: what proportion of dwellings are now worth double their purchase price and what proportion are worth at least 10% less than their purchase price.</p>
<p>Proportion of properties worth at least double their purchase price</p>
<p>Nationally, the proportion of dwellings where the value of the property is at least double the purchase price has slipped over the past decade falling from 45.4% of dwellings in 2007 to 39.1% in 2017.</p>
<p>The slippage is evident across regions outside of Sydney and Melbourne where capital gain conditions have been much softer over the past decade.</p>
<p>The proportion is highest in Sydney, where 48.1% of dwellings are now worth at least double what their owners paid for them; ten years ago the proportion was much lower at 37.2% Melbourne follows close behind with 47.3% of dwellings worth at least twice what their owners paid (up from 38.1% ten years ago).</p>
<p>The remaining capital cities show a much lower proportion of dwellings that are worth at least double their purchase price, ranging from 25.9% of dwellings in Darwin to 37.4% in Hobart.</p>
<p>Across the broad ‘rest of state’ markets outside of the capitals, regional Victoria stands out as showing the highest proportion of properties worth at least double the purchase price at 40.8%, followed by regional Western Australia at 34.8%.</p>
<p>The high proportion of properties worth at least double their purchase price across regional WA may come as a surprise, given the weak performance of the housing market across this region over the past five years, however a decade ago the proportion was substantially higher at 60.8%.</p>
<p>Proportion of properties worth at least 10% less than their purchase price</p>
<p>Over the past decade, the proportion of properties valued at less than 10% of their purchase price has risen slightly from 3.2% to 3.4% between 2007 and 2017.</p>
<p>The national figures hide a significant difference between the major regions of the country. The highest proportion of dwellings worth at least 10% less than their purchase price can be found in regional Western Australia, at 17.8%. Darwin (15.1%), Perth (11.1%) and regional Queensland (11.0%) have also recorded a significant proportion of dwellings where values have slipped more than 10% below the purchase price.</p>
<p>Ten years ago only, while the mining boom was in its early stages, regional Western Australia and Perth were recording the lowest proportion of dwellings where the value was more than 10% lower than the purchase price. In 2007 only 1.1% of Perth properties and 2.3% of regional Western Australian properties fit this profile.</p>
<p>The lowest proportion of dwellings with a valuation more than 10% lower than the purchase price can be found in Sydney (0.7%) and Melbourne (2.1%). Ten years ago, 7.1% of Sydney dwellings recorded a valuation that was more than 10% less than the purchase price, highlighting the effect of strong capital gains post GFC.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/09/Screen%20Shot%202017-09-28%20at%2010.09.26%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="https://www.urban.com.au/images/2017/09/Screen%20Shot%202017-09-28%20at%2010.09.26%20AM.png" alt=""></p>
<p>Drilling down to the suburb level, it is clear how hard mining towns have been hit. The Bowen Basin town of Dysart tops the list with 65.7% of dwellings showing a valuation that is at least 10% lower than the purchase price. Queensland’s Gladstone Central is close behind at 64.2% followed by South Hedland in the Pilbara region of Western Australia at 64.0%.</p>
<p>The good news for many mining regions is that housing market conditions seem to be moving through the bottom of their cycle.</p>
<p>Transaction numbers are generally rising and advertised stock levels are reducing which should help to promote some value recovery in these regions.</p>
<p>As growth eases across Sydney and, to a lesser extent Melbourne, we may start to see a slow reversal of these trends.</p>
<p>It will be harder to double the value of a property in Sydney and Melbourne after such a sustained period of high capital gains, however markets such as Hobart and Canberra, which have gathered some momentum, are likely to see home owners benefit from improved capital gains that is likely to boost their overall wealth profile.</p>
<p>Similarly, the worst appears to have past across the mining sector, although it is likely to take many years before property values recover to their previous highs in many of these regions.</p>
<p class="p1"><span class="s1">TIM LAWLESS<em> heads up the CoreLogic RP Data research and analytics team and can be contacted</em><a href="https://blog.corelogic.com.au/author/timlawless/"><span class="s2"><em> here.</em></span></a></span></p>
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tlawless-5VLUrbAk9s

The wealth effect of housing

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<div>The 2016 Census showed that Australia still has an ageing population, and the number of deaths continues to rise to record highs, in turn meaning that the natural increase in the population has been slowing. </div>
<div class="separator"> </div>
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<div>
<div class="separator"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/28/1.jpg" alt=""></div>
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<div> </div>
<div>The ageing of the population has been combated through the immigration programme, which is largely - if not exclusively - tilted towards younger migrants into Australia.<br><br>While new government figures show that 457 visa issuance is falling, student visas are recording double digit rates of growth, and now sit at the highest level on record.<br><br>The rising tide of international students will largely impact the inner suburbs of Melbourne and Sydney. </div>
<div> </div>
<div>And annual net overseas migration has really picked up the pace over the past six quarters, up by +30 per cent to +231,890 in the March 2017 quarter. </div>
<p><a href="https://www.propertyobserver.com.au/images/2017/09/28/2.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/28/2.jpg" alt=""></p>
<div>This surge in net overseas migration has pushed the annual national rate of growth in the estimated resident population back up to +1.6 per cent or +389,072. </div>
<div> </div>
<div>Population growth in the seasonally strong March quarter was particularly stark in 2017 at +126,138. </div>
<p><a href="https://www.propertyobserver.com.au/images/2017/09/28/3.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/28/3.jpg" alt=""></p>
<div>Headcount growth remains a bit below the rate of growth seen during the headiest of the mining boom migration years, but is nevertheless very strong.</div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Apartment glut picked off</span></strong></div>
<div> </div>
<div>Moreover, there's a concentration issue afoot, with immigrants overwhelmingly heading to three main regions: Sydney, Melbourne, and south-east Queensland. </div>
<div> </div>
<div class="separator"><a href="https://www.propertyobserver.com.au/images/2017/09/28/4.jpg" target="_blank">Click to enlarge</a></div>
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<div> </div>
<div>Internally, migration continues to take folks away from Sydney (nothing new there, it's been happening for decades).<br><br>Some Sydneysiders are taking their boosted equity out to regional New South Wales - especially to the South Coast and to the Hunter - and others are heading north to Queensland.<br><br>Western Australia, Northern Territory, and South Australia continue to lose residents at a concerning rate, with internal migrants largely headed to Melbourne (for jobs) or south-east Queensland (for climate, lifestyle...and, well, hopefully a job).<br><br>A smattering of interstate migrants are also bound for Hobart and Canberra. </div>
<p><a href="https://www.propertyobserver.com.au/images/2017/09/28/5.jpg" target="_blank">Click to enlarge</a></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/28/5.jpg" alt=""></p>
<div>The net result has been to send Victoria's annual population growth steaming up to a gold-rush-like +149,374 or +2.43 per cent, which is a staggering rate of growth, and renders predictions of a Melbourne dwelling oversupply meaningless, at least until population growth slows. </div>
<div> </div>
<div>From a year earlier, growth in the estimated resident population has also accelerated very strongly in New South Wales (+123,296) and Queensland (+75,372).<br><br>The capital cities account for the great bulk of the population growth in the two most populous states, and somewhat less so in Queensland's case. </div>
<div> </div>
<div>Annual population growth appears to have steadied in Western Australia, after some downward revisions to previous estimates. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/09/28/6.jpg" target="_blank">Click to enlarge</a></div>
<div>
<br><div class="separator"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/28/6.jpg" alt=""></div>
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<div><strong><span style="text-decoration: underline;"> </span></strong></div>
<div><strong><span style="text-decoration: underline;">Build, and they may come</span></strong></div>
<div> </div>
<div>With the ageing of the population and an accelerating 'death bust', if that's not too dramatic a term, growth in headcount has become much more focused on net immigration than natural increase. </div>
<div> </div>
<div>It's interesting to note that the sharp increase in the estimated resident population over the past 18 months has largely impacted the apartment construction hotspots of Sydney, Melbourne, and Brisbane. </div>
<div> </div>
<div>A high number of apartment completions are expected in 2017, yet with the estimated resident population increasing by more than 126,000 in the first three months of the calendar year alone, the assumed apartment glut may not deliver the jolt previously anticipated. </div>
<div> </div>
<div>
<p class="p1"><span class="s1">PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank"><span class="s2">AllenWargent</span></a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank"><span class="s2">blogger</span></a>.</span></p>
<p class="p2"><span class="s3"><em>His latest book is </em><a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank"><span class="s2"><em>Four Green Houses and a Red Hotel</em></span></a><em>.</em></span></p>
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pwargent-M4siyDbqQY

Build and they may come: Pete Wargent on the headcount and apartment glut speculation

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<div>When I first came to Sydney in the 1990s, there was a lot of talk about housing being expensive, although in truth it was still possible buy decent blocks of land reasonably close to the city, at least in the less fashionable inner western suburbs.</div>
<div> </div>
<div>I can also remember years ago reading a blog by Property Update contributor Stuart Wemyss, which argued that although some parts of Melbourne were evidently expensive, most of the talk about oversupply and a property bubble was just short term noise. </div>
<div> </div>
<div>Wemyss highlighted a very similar point: you could still find decent blocks of dirt close to the city, for a price that wasn't absurd - demonstrably not the case in many so-termed 'global cities', which Melbourne aspires to become - and over the years he was proven right.</div>
<div> </div>
<div>I feel a bit the same about Brisbane today.</div>
<div> </div>
<div>Sure, there are some suburbs that are expensive, as you would expect with the Greater Brisbane population approaching 2.5 million. </div>
<div> </div>
<div>But you can still find blocks of land reasonably close to the city, within a 6-8km radius of the CBD, for a relatively good price. </div>
<div> </div>
<div>Of course, there will be ups and downs, but over the next couple of cycles the right property types and locations will likely perform very well, in my opinion, especially in good school zones. </div>
<div> </div>
<div>Although some areas have been overbuilt with high rise apartments, south-east Queensland will offer some of the best opportunities over the decades ahead, as it expands as a population hub and becomes more popular with Asian migrants. </div>
<div> </div>
<div>The forthcoming Commonwealth Games will be a plus too.</div>
<div> </div>
<div><strong><span style="text-decoration: underline;">Slump, and rebound</span></strong></div>
<div> </div>
<div>Queensland has always attracted migrants from interstate, and as the resources mega-projects kicked off through the early years of the mining boom, the Sunshine State was pulling in tens of thousands of internal migrants per annum. </div>
<div> </div>
<div>These were unbridled boom years both for Queensland's economy and Brisbane housing.</div>
<div> </div>
<div>From 2010, demand for Brisbane housing slumped, broadly in tune with internal population flows.</div>
<div> </div>
<div>Unfortunately, with apartment projects often taking an age from approval to completion, this was also a time at which many interstate investors settled on new units, which are now under water, figuratively speaking (not only in Brisbane, but in other parts of Queensland too). </div>
<p> </p>
<div class="separator"><a href="https://2.bp.blogspot.com/-d0I2CmhdgPk/Wc9CDDm3V6I/AAAAAAAAmYM/Pk3tVR5P5YMB9zNT-8oVgi4R06aVWBMSQCLcBGAs/s1600/QLD2.jpg"><img src="https://2.bp.blogspot.com/-d0I2CmhdgPk/Wc9CDDm3V6I/AAAAAAAAmYM/Pk3tVR5P5YMB9zNT-8oVgi4R06aVWBMSQCLcBGAs/s640/QLD2.jpg" width="640" height="380" data-original-height="758" data-original-width="1271"></a></div>
<p> </p>
<div>More literally speaking, Brisbane experienced severe floods in 2010-11, which arguably exacerbated a downturn that was already in the post as LNG projects approached completion.</div>
<div> </div>
<div>By March this year, estimated interstate migration to Queensland had risen to its highest level since 2009.</div>
<div> </div>
<div>So, what's going on? It's partly a function of the housing market cycle, with Sydney now expensive, and congested.</div>
<div> </div>
<div>Another boon for Queensland is that took its capex downturn medicine earlier than Western Australia, so although it was painful, the drag has now ended, with roads and other infrastructure projects having kicked off.</div>
<div> </div>
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<div> </div>
<div>And, after a terrible lull, Queensland employment is suddenly now picking up, rising by an <a href="https://petewargent.blogspot.co.uk/2017/09/jobs-explosion-shatters-forecasts" target="_blank">outsized +95,400 over the year to August 2017</a>.<br><br>And population growth is in turn ramping up just as dwelling starts now collapse, helping to rebalance the ratio of demand to supply.<br><br><div class="separator"><a href="https://1.bp.blogspot.com/-NZ6sGlCUijI/Wc-BAtgAALI/AAAAAAAAmY4/jAB2Gm1ySpkxztQzoMQnS8YgwGDJsY9wgCLcBGAs/s1600/A1.jpg"><img src="https://1.bp.blogspot.com/-NZ6sGlCUijI/Wc-BAtgAALI/AAAAAAAAmY4/jAB2Gm1ySpkxztQzoMQnS8YgwGDJsY9wgCLcBGAs/s640/A1.jpg" width="640" height="390" data-original-height="830" data-original-width="1362"></a></div>
</div>
<div>You didn't really need ABS estimates to tell you about the migratory shifts, since every second person in inner city Brisbane seems to have just relocated from Sydney, or from Perth in many cases. </div>
<div> </div>
<div>With the Sydney market now slowing, there will no doubt be a great surge in interest in Brisbane property - that's just the way the cycle goes. </div>
<div> </div>
<div><strong><span style="text-decoration: underline;">White shoes alert</span></strong></div>
<div> </div>
<div>A few caveats, however, if you're thinking of buying a Brisbane property investment.</div>
<div> </div>
<div>Of all the capital cities, Brisbane plausibly has the patchiest housing market - some locations and dwelling types are experiencing strong price growth, while others are struggling big time.</div>
<div> </div>
<div>Be wary about locations prone to flooding, and definitely watch out for white ants (termites)! </div>
<div> </div>
<div>Oh, and real estate laws are different up north, so you need to understand how to make offers subject to certain conditions. </div>
<div> </div>
<div>Personally, I would buy established not new property, for way too many heads have been burned buying new of off the plan up north. </div>
<div> </div>
<div>Finally, there is a long history of southern buyers getting brazenly fleeced on Queensland property deals by slick sales techniques - the famed white shoe brigade - so make sure you don't become yet another casualty. </div>
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Southerners need to avoid being fleeced by Queensland's famed white shoe brigade

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<p>The least understood, worst reported and most unfairly treated issue in residential real estate is foreign investment.</p>
<p>The degree to which a patchwork of half-truths, empty rhetoric and outright lies has come to be accepted by almost everyone as truth is quite startling.</p>
<p>All forms of investment in real estate have become demonized amid the increasingly hysterical “debate” about housing affordability, but especially foreign investment. </p>
<p>Politicians’ handling of the affordability issue has been taken directly from the Yes Minister playbook. The iconic British comedy series has provided the scripts for federal and state politicians seeking a convenient scapegoat for the affordability issue – someone they can attack to give the appearance they care, without costing votes. </p>
<p>Overseas investors are the perfect target because they are seen as filthy rich foreign bastards, so everyone dislikes them or at least envies them, and they don’t vote in Australian elections.</p>
<p>After two long and pointless federal parliamentary inquiries into housing affordability, the Federal Government decided to blame it all on foreign investors. This provided lots of opportunities for sabre-ratting and righteous speech-making, followed by a big clampdown on foreign buyers who break the rules. </p>
<p>State Governments seized the opportunity to not only blame foreign investors for high prices but also to extract still more revenue from the property investment sector by slapping extra taxes and other imposts on the dastardly foreigners. Media, of course, has lapped it up.</p>
<p>So thoroughly have foreign buyers been demonized that a recent public opinion survey found that most people blame foreign investors for rising property prices. Even in Perth, where house prices have been falling for four years, half of respondents claim foreigners are forcing their house prices to rise. That pretty much says it all.</p>
<p>The anecdotal evidence suggests that anyone who has bid at an auction in Sydney and Melbourne in recent years, and been out-gunned by someone of Asian appearance, has gone away complaining about foreign investors. They could be third generation Australians for all they know.</p>
<p>The NSW Government, which is more to blame for poor housing affordability than any other entity or group of individuals, has seized the opportunity to exploit the unpopularity of foreign investors by slugging them with further taxes, while claiming – rather remarkably - that it won’t affect the level of foreign buying in Sydney.</p>
<p>If that’s what they believe, then what’s the point of doing it? It’s a rhetorical questions – the answer, of course, is that it’s all about revenue-raising.</p>
<p>The mounting imposts on offshore buyers will deter them and that will cause high-rise projects to be cancelled, thereby reducing supply - one of the factors needed to improve affordability.</p>
<p>The craziest thing about the whole sorry issue is that foreign investors are such a small part of the overall buying market. The research indicates that offshore buyers account for less than 10 percent of residential sales. We’re being asked to believe that this tiny minority is somehow driving prices up everywhere, overpowering the more than 90 percent of buyers who are Australians. Are we really that weak and puny?</p>
<p>It’s likely suggesting that a Japanese sevens team with two players in the bin could defeat a 15-man Wallabies outfit.</p>
<p>Yet 54 percent of South Australians think foreigners are the greatest factor in forcing up property prices, even though prices have hardly moved in Adelaide; and 56 percent of Queenslanders have the same attitude, despite the absence of boom conditions in Brisbane.</p>
<p>Of course, it all depends how the survey is framed – also well-documented in the scripts of Yes Minister. Strange that this recent survey had little to say about negative gearing, another hugely-popular scapegoat. Seven out of 10 nationwide blame foreigners.</p>
<p>It shows, once again, how opinion surveys do little more than reflect the prevailing media view. Politicians and media keep telling the public that foreign buyers are forcing up prices - so that’s what most people think. It’s not as if the average citizen goes out and conducts their own research. They just believe what they read.</p>
<p>The proof that foreign buyers are unfairly blamed is this: both federal and state governments, as well as lenders, have been clamping down on foreign investment for the past two years. New taxes and charges have made it incredibly expensive for them to buy our real estate, while those who are deemed to have done the wrong thing have been forced to sell back the properties they acquired.</p>
<p>The level of foreign investment is falling significantly. But prices have continued to rise in Sydney and Melbourne.</p>
<p>Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="mailto:%20%3Cscript%20type='text/javascript'%3E%20%3C!--%20var%20prefix%20=%20'ma'%20+%20'il'%20+%20'to';%20var%20path%20=%20'hr'%20+%20'ef'%20+%20'=';%20var%20addy38821%20=%20'ryder'%20+%20'@';%20addy38821%20=%20addy38821%20+%20'hotspotting'%20+%20'.'%20+%20'com'%20+%20'.'%20+%20'au';%20document.write('%3Ca%20'%20+%20path%20+%20'/''%20+%20prefix%20+%20':'%20+%20addy38821%20+%20'/'%3E');%20document.write(addy38821);%20document.write('%3C//a%3E');%20//--%3E/n%20%3C/script%3E%3Cscript%20type='text/javascript'" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a></p>
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terryryder-YECXbqmri2

Level of foreign investment is falling significantly as foreigners are demonized: Terry Ryder

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<p>The Melbourne suburb of Kensington is among the nation's top 10 fastest selling suburbs, according to Investar’s latest report.</p>
<p>The property data firm says that houses in Kensington spend 39 days on the market before sale.</p>
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
<p>Suburb</p>
</td>
<td valign="top" width="47">
<p>State</p>
</td>
<td valign="top" width="64">
<p>Postcode</p>
</td>
<td valign="top" width="65">
<p>Dwelling</p>
</td>
<td valign="top" width="72">
<p>Bedrooms</p>
</td>
<td valign="top" width="52">
<p>Days on market</p>
</td>
<td valign="top" width="77">
<p>Current median price</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Croydon Park</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2133</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>38</p>
</td>
<td valign="top" width="77">
<p>$412,500</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Kensington</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>3031</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>39</p>
</td>
<td valign="top" width="77">
<p>$775,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Bowden</p>
</td>
<td valign="top" width="47">
<p>SA</p>
</td>
<td valign="top" width="64">
<p>5007</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>40</p>
</td>
<td valign="top" width="77">
<p>$340,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Annandale</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2038</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>4</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$2,500,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Woolloomooloo</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2011</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$800,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Beecroft</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2119</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$1,350,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Fairlight</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2094</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Narraweena</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2099</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>43</p>
</td>
<td valign="top" width="77">
<p>$1,250,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Caulfield South</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>2162</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>44</p>
</td>
<td valign="top" width="77">
<p>$1,100,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Allambie Heights</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2100</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>45</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
</tbody></table>
<p>A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125297710" target="_blank">16 Altona Street</a> (above) spent 26 days on the market before being sold recently for $1.11 million.</p>
<p>Another example is a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125057130" target="_blank">33 Chelmsford Street</a> (below) that spent 37 days on the market before being sold for $903,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/33%20Chelmsford%20Street.jpg" alt=""></p>
<p>The median price of houses in Kensington is $960,000, which is an increase of $55,000 from last year’s median price of $905,000.</p>
<p>Kensington is a popular suburb with 894 more website listing visits than most other suburbs in Victoria.</p>
<p>Independent residents make up the majority of residents in Kensington.</p>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Kensington among the fastest selling Melbourne suburbs

<html><body>
<p>Croydon Park is amongst the fastest selling suburbs across Australia, according to Investar’s latest report.</p>
<p>The property investment firm says that units in Croydon Park spend an average of 38 days on the market before being sold.</p>
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
<p>Suburb</p>
</td>
<td valign="top" width="47">
<p>State</p>
</td>
<td valign="top" width="64">
<p>Postcode</p>
</td>
<td valign="top" width="65">
<p>Dwelling</p>
</td>
<td valign="top" width="72">
<p>Bedrooms</p>
</td>
<td valign="top" width="52">
<p>Days on market</p>
</td>
<td valign="top" width="77">
<p>Current median price</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Croydon Park</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2133</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>38</p>
</td>
<td valign="top" width="77">
<p>$412,500</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Kensington</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>3031</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>39</p>
</td>
<td valign="top" width="77">
<p>$775,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Bowden</p>
</td>
<td valign="top" width="47">
<p>SA</p>
</td>
<td valign="top" width="64">
<p>5007</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>40</p>
</td>
<td valign="top" width="77">
<p>$340,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Annandale</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2038</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>4</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$2,500,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Woolloomooloo</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2011</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$800,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Beecroft</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2119</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$1,350,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Fairlight</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2094</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Narraweena</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2099</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>43</p>
</td>
<td valign="top" width="77">
<p>$1,250,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Caulfield South</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>2162</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>44</p>
</td>
<td valign="top" width="77">
<p>$1,100,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Allambie Heights</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2100</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>45</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
</tbody></table>
<p>A example is a recent sale at <a href="https://www.realestate.com.au/sold/property-unit-nsw-croydon+park-124943686" target="_blank">8/13 Brighton Avenue</a>, (above) where the property was sold within 40 days for $440,000.</p>
<p>Another example is a recent sale at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-croydon+park-124984558" target="_blank">25/1 Fabos Place</a>, (below) where the property was sold within a week for $420,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/25_1%20Fabos%20Place.jpg" alt=""></p>
<p>The median price of a unit in Croydon Park is $610,000, which is a increase from last year’s median price of $542,500.</p>
<p>Properties in Croydon Park in high demand with more website property listing visits per property than other suburbs in NSW</p>
<p>Established and mature residents make up 16 percent of the residents in Croydon Park.</p>
</body></html>

Croydon Park units spend just 38 days on market before sale

<html><body>
<p>Montagu Bay is the fastest locality for houses over the past year, according to CoreLogic’s latest report.</p>
<p>The property data firm for units South Penrith and Wyoming sells the fastest.</p>
<p>Low interest rates coupled with higher levels of demand for housing has seen property sales in some areas take off faster than in others.</p>
<p>CoreLogic research analyst Cameron Kusher said that given mortgage rates have fallen over recent years, certain cities, namely Sydney and Melbourne, have seen heightened demand and a rapid rate of sale for properties.</p>
<p>(Note - today’s analysis only calculates where there were at least 10 observations of paired listings and subsequent sales over the year and is calculated on private sales excluding properties advertised for auction due to the selling time for an auction is often better described as a marketing period that typically lasts for around six weeks.</p>
<p>The figure is calculated by the difference from the date at which a property is first listed compared to its contract date).</p>
<p>Montagu Bay in Hobart now has the shortest median days on market for houses over the past year at 5 days.</p>
<p>For units, South Penrith and Wyoming in Sydney has the shortest median days on the market at 7 days.</p>
<p>The most obvious trend is that the majority of suburbs listed are within capital cities. This is generally the case across each state and territory.</p>
<p>The CoreLogic analysis highlights that housing market conditions are generally stronger in the capital cities than they are in regional areas.</p>
<p>Mr Kusher said, “In most instances, the suburbs that are not in capital cities are located in regions close to the capital city, highlighting how housing demand has rippled outwards from the capital cities as prices rise.”</p>
<p>Although Sydney and Melbourne have grabbed the headlines over recent years for their comparatively strong rates of capital growth, in other capital cities there are suburbs experiencing a very rapid rate of sale.</p>
<p>For example, Brisbane values have increased by less than 5% over the past year but each of the suburbs listed for houses have a median days on market figure of less than 20 days.</p>
<p>Mr Kusher said, “With mortgage rates and the number of properties available for sale remaining low we would anticipate that the current rapid rate of sale in Sydney, Melbourne, Hobart and Canberra will remain low, however there have been some early signs that stock levels are starting to rise which may lead to an easing in the perceived urgency to buy across some markets.</p>
<p>“Outside of these areas, suburbs in sought after locations with relatively low stock available for sale are also likely to see transactions occurring at a fairly rapid pace, especially if vendors ensure that they are setting realistic initial listing prices.”</p>
<p>A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-wyoming-125219030" target="_blank">11/12-20 Kinarra Avenue</a>, Wyoming (above) was sold in April this year for $428,000.</p>
<p>Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-wyoming-123534226" target="_blank">63 Jarrah Drive</a>, Wyoming (below) was sold in March this year for $215,000.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/08/63%20Jarrah%20Drive.jpg" alt=""></p>
</body></html>

Where are Australia's fastest selling suburbs? CoreLogic

<html><body>
<p>The Sydney suburb of Fairlight is among the top 10 fastest selling suburbs across Australia, according to Investar’s latest June report.</p>
<p>Units in Fairlight stay on the market for 42 days before being sold.</p>
<p>Recently a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-fairlight-125559594" target="_blank">3/36 Rosedale Avenue</a> (above) was listed for 14 days before it was sold for $900,000.</p>
<p>Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-fairlight-125191178" target="_blank">8/52 Griffiths Street</a> (below) was listed for 22 days before it was sold for $1.51 million.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/16/8_52%20Griffiths%20Street.jpg" alt=""></p>
<p>Suburb</p>
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98"> </td>
<td valign="top" width="47">
<p>State</p>
</td>
<td valign="top" width="64">
<p>Postcode</p>
</td>
<td valign="top" width="65">
<p>Dwelling</p>
</td>
<td valign="top" width="72">
<p>Bedrooms</p>
</td>
<td valign="top" width="52">
<p>Days on market</p>
</td>
<td valign="top" width="77">
<p>Current median price</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Croydon Park</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2133</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>38</p>
</td>
<td valign="top" width="77">
<p>$412,500</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Kensington</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>3031</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>39</p>
</td>
<td valign="top" width="77">
<p>$775,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Bowden</p>
</td>
<td valign="top" width="47">
<p>SA</p>
</td>
<td valign="top" width="64">
<p>5007</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>40</p>
</td>
<td valign="top" width="77">
<p>$340,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Annandale</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2038</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>4</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$2,500,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Woolloomooloo</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2011</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>Studio and 1</p>
</td>
<td valign="top" width="52">
<p>41</p>
</td>
<td valign="top" width="77">
<p>$800,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Beecroft</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2119</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$1,350,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Fairlight</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2094</p>
</td>
<td valign="top" width="65">
<p>Unit</p>
</td>
<td valign="top" width="72">
<p>2</p>
</td>
<td valign="top" width="52">
<p>42</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Narraweena</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2099</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>43</p>
</td>
<td valign="top" width="77">
<p>$1,250,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Caulfield South</p>
</td>
<td valign="top" width="47">
<p>VIC</p>
</td>
<td valign="top" width="64">
<p>2162</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>44</p>
</td>
<td valign="top" width="77">
<p>$1,100,000</p>
</td>
</tr>
<tr>
<td valign="top" width="98">
<p>Allambie Heights</p>
</td>
<td valign="top" width="47">
<p>NSW</p>
</td>
<td valign="top" width="64">
<p>2100</p>
</td>
<td valign="top" width="65">
<p>House</p>
</td>
<td valign="top" width="72">
<p>3</p>
</td>
<td valign="top" width="52">
<p>45</p>
</td>
<td valign="top" width="77">
<p>$900,000</p>
</td>
</tr>
</tbody></table>
<p>The median price of a unit in Fairlight is $1,317,500, which has increased compared to last year’s median price of $1.22 million.</p>
<p>Fairlight has 3252 website listing visits compared to most suburbs of NSW’s 797.</p>
<p>The majority of residents are established, independent residents accounting for 22% of the residents in the area.</p>
</body></html>

Sydney's Fairlight among top 10 quickest selling suburbs

<html><body>
<p>GUEST OBSERVER</p>
<p>Across house sales over the past 12 months, Tasmania recorded the highest proportion of stock turning over with 5.6% of all houses in the state selling. Conversely, Western Australia saw the lowest proportion of turnover with just 4.0% of all houses selling over the past year. </p>
<p>The current lower volume of housing stock turnover highlights why caution should be taken when interpreting median sale prices. </p>
<p>With such a small fraction of housing actually transacting over a given period, median prices can be biased. Furthermore, median prices may not be reflective of the whole market. When making a comparison between periods they may compare two very different bundles of housing types and quality.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.17.14%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="https://www.urban.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.17.14%20AM.png" alt=""></p>
<p>Concerned about housing stock levels, REINSW President John Cunningham said, “The results signal warning bells for the housing industry. It shows just how little has been transacted over the past year.”</p>
<p>“We know from a variety of property data sources that stock levels are steadily declining and a key reason why the affordability issue presents a bigger picture problem, particularly for Sydney and Melbourne.</p>
<p>“When we have stock on market, it keeps the property market competitive and in balance. Without stock we see less vibrancy and activity across the market and much more buyer competition taking place as opposed to activity between properties.” Ultimately, he said, “the knock-on effect damages the supply and demand chain.”</p>
<p>Lower housing turnover is being influenced by a variety of factors. “Advertised stock levels remain low across those cities where capital gain conditions are strong. Additionally, high transactional costs, which are based on a percentage of the selling/purchasing price, have become a larger disincentive across those markets where values have shown a material rise.”</p>
<p>Highlighted in the adjacent tables, it shows the five suburbs in each state which have seen the greatest turnover of houses over the past year. Only those suburbs that have at least 500 houses have been included on the list.</p>
<p>Zuccoli in Darwin had the highest proportion of stock turning-over across the country with 38.5% of all houses in the suburb selling over the past year. Clyde North in Melbourne had the second- highest level of turnover with 17.6% of all houses in the suburb selling over the past year.</p>
<p><a href="https://www.propertyobserver.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.18.58%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="https://www.urban.com.au/images/2017/08/24/Screen%20Shot%202017-08-24%20at%2011.18.58%20AM.png" alt=""></p>
<p>While the data shows the suburbs with the greatest turnover of houses, each of the suburbs listed have seen substantially less than half of all houses selling.</p>
<p>Another characteristic of note is that most of the suburbs shown are in areas where there is, or has been over recent years, a substantial injection of new housing stock; average hold period data which shows that in new housing estate areas housing stock tends to turnover with greater regularity.</p>
<p>Overall, housing turnover in any given year reflects only a small proportion of the total housing stock. It further highlights that taxes on transactions such as stamp duty are heavily reliant on collection from only a small pool of overall housing stock.  </p>
<p><span>Cameron Kusher is research analyst for CoreLogic. You can contact him </span><a href="https://blog.corelogic.com.au/about/" target="_blank">here</a><span>.</span></p>
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