<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" 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/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Adelaide

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Adelaide house prices are to increase by 2% in 2018 and then to grow by about 2% in each of the next two years, according to the latest Domain forecasts.
They believe this modest growth will continue as part of the trend of slow but steady growth over the past few years.
<img src="https://www.urban.com.au/images/2018/11/29/Adelaide%20Domain%201.JPG" alt="">
Source: Domain
Domain has also forecast that Adelaide unit prices will fall slightly in 2018 and then grow by about 2% in 2019 and 2020.
"Adelaide’s slow and steady property price growth will continue, driven by slow population growth and slowing employment growth," Domain Economist Trent Wiltshire said.
<img src="https://www.urban.com.au/images/2018/11/29/Adelaide%20Domain%202.JPG" alt="">
Source: Domain
Click <a href="https://www.propertyobserver.com.au/images/2018/11/30/Domain%20forecasts%201.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2018/11/30/Domain%20forecasts%201.JPG" alt="">
Click <a href="https://www.propertyobserver.com.au/images/2018/11/30/Domain%20forecasts%202.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2018/11/30/Domain%20forecasts%202.JPG" alt="">
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j.ballantyne1990-6AQqhLzZaK

Adelaide home prices to grow moderately in 2019-2020: Domain

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Savills have secured commitments from three new tenants for an Adelaide co-working space.
RPO Pty Ltd, Improvement (Foundation) Australia Ltd and Fitzpatricks Private Wealth S.A Pty Ltd are to be the latest residents of Level 3, 12 Pirie Street, Adelaide.
They each signed twelve-month lease agreements.
Adam Hartley and Zandra McGee of Savills Office Leasing arranged the three lease terms for spaces ranging between 16 sqm and 82 sqm.
“The companies were attracted to the space because of its “trendy”, spacious and corporate fit-out as well as the convenience that co-working spaces have to offer,” Ms McGee said.
Rates range from $863 per sqm to $1,650 per sqm, and Ms McGee said tenants are happy to pay for the convenience and flexibility that spot co-working offers.
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Savills secure three new tenants for Adelaide co-working space

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TFE Hotels has announced it will open a new Vibe Hotel in Adelaide.
The Hotel is projected to open in 2020.
Savills Australia’s Rob Williamson and Vasso Zographou negotiated the terms for the 260 Flinders Street property (pictured above) on behalf of the project owners.
TFE Hotels has partnered with multi award-winning Loucas Zahos Architects and its development business Guava Lime to construct an 18-storey glass fronted tower with 118 spacious rooms with stylish décor and bathroom amenities.
There will also be an open plan ground floor restaurant and bar and gymnasium.
Principal Architect and Director, Con Zahos, said the hotel would be the anchor of the “Paris end” of Adelaide, completing Guava Lime’s 16-year development of the precinct.
Located in the eastern quarter of Adelaide city, the new hotel will be close to Rundle and Hutt streets and minutes from Rundle Mall, Victoria Square, Adelaide Casino and the convention centre precinct.
TFE Hotels’ Managing Director Allan Vidor said this marked a great year for the Vibe Hotels brand, which would soon grow from nine hotels to thirteen.
<img src="https://www.urban.com.au/images/2018/10/24/Vibe%20NS.JPG" alt="">
It follows the opening of the Vibe Hotel North Sydney (pictured above) that opened in April 2018.
“We have another three Vibe Hotels under construction already: at Queen Street in Melbourne, Argyle Street in Hobart and Sussex Street in Darling Harbour, Sydney,” Mr Vidor said.
“Each has an innovative and attractive design and is located in a developing area of each city. It’s a very exciting time for the brand.”
 <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/2018/10/24/VIBE%20RUSH.jpg" alt="">
The Vibe Hotels brand launched in Sydney in 2003 with the opening of Vibe Hotel Rushcutters Bay (pictured above). This was followed by three more hotel openings in Sydney, Hobart and Melbourne in 2004. Later additions included Darwin Waterfront, Canberra Airport, which has since won multiple design awards, Marysville near Victoria’s Yarra Valley and North Sydney (April 2018).
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Savills negotiate terms for TFE Hotels first Vibe Hotel in Adelaide

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Adelaide clearances rates are slightly lower across both houses and units compared to last spring, according to CoreLogic.
It suggests 658 houses have been taken to market across Adelaide so far this spring with 61.3% selling, which is only slightly lower than the 62.5% last year when a higher 710 auctions were held over the same period.
Units have seen 11 fewer auctions held year on year, with 46.3% selling, compared to the 49.1% sold last year.
<a href="https://www.propertyobserver.com.au/images/2018/10/25/adelaide%20corelogic.jpg" target="_blank">Click here </a>to open graph in new window
<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/2018/10/25/adelaide%20corelogic.jpg" alt="">
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Adelaide clearance rates slightly down from last year: CoreLogic

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Despite house rents increasing by 4.2% over the year, Adelaide remained the second most affordable city for tenants (behind Perth), according to the latest rental report from Domain.
The report found that rental prices held steady over the quarter at $375 per week.
Adelaide remains the most affordable capital city for units with median weekly rents remaining at $300 per week - up 1.7% year-on-year.
Gross rental yields for houses declined over the quarter and year to 4.47%.
For units, gross rental yields strengthened by 0.1% over the quarter and 2.1% over the year to 5.19%. 
<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/2018/10/10/domain%20adelaide.jpg" alt=""> Domain Senior Research Analyst, Dr Nicola Powell said: "Adelaide’s rental market appears to be tightening with advertised stock levels declining.
"If rental supply continues to track lower in the coming months it will create greater competition between tenants, which will drive up asking rents. 
"Despite rental prices rising, Adelaide remains one of the more affordable rental markets.
"For investors, the city offers more favourable yields relative to the other Australian capital cities."
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Adelaide rental yields favourable for investors: Domain

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A new residential project, known as Third Avenue, is set to come to the inner south-western suburb of Adelaide, Everard Park.
The $15 million development from Arcadian Property comprises 27 new two and three-storey homes. 
Prices at the development, which is currently in planning assessment, will start from around $500,000 when released to the market next month, said Arcadian Property Chief Executive Officer Warwick Mittiga.
“Everard Park is one of the best kept secrets in Adelaide real estate,” said Mr Mittiga.
“Within walking distance to the popular shopping and café strips of Goodwood Road and King William Road, Everard Park is only 2km from the CBD and just 10 minutes from Glenelg beach. Yet despite its amazing location and quality established homes, it remains relatively unknown.
“So we’re really excited about Third Avenue, which is going to become one of the best addresses in the inner south-west. We have direct connection to Brownhill Creek, dedicated walking trails through Unley Council and are very close to some fantastic reserves and ovals too.
“The development itself is going to be exceptional. From exterior architecture to the interior design, every element has been carefully considered to maximise living standards for residents and promote the value of their home for many years to come.
“Indeed, while we could have pushed for a bit more density in the project, we specifically chose to reduce the number of new homes and create larger houses with an increased amount of private and public open space. This enables us to focus more on quality rather than quantity, and ultimately that’s what Third Avenue is all about.”
Construction of Third Avenue is expected to commence next year ahead of estimated completion in 2020.
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New $15m development Third Avenue coming to Adelaide's Everard Park

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A planning application has been lodged for a proposed $85 million student accommodation tower in the Adelaide CBD, set to become the tallest purpose-built student-only accommodation building in the world.
The application for the 124.2 metre tall tower has been lodged by developer Hines Property on a site it owns at 29 Twin Street between Grenfell Street and Rundle Mall adjacent the Ibis Adelaide Hotel (also developed and owned by Hines Property).
The world’s tallest student accommodation building is currently the Student One Wharf Street tower in Brisbane at 122 metres tall.
Hines Property has planned the 38-storey solely student-use development with architecture firm Woods Bagot.
The building will include a range of accommodation options from single studio rooms through to five and six-bedroom apartments, incorporating a total of 510 beds.
In addition to the ground floor lobby and cafe, the tower will include a communal mezzanine lounge, cinema and events space, study and dining area, garden retreat and rooftop lawn, gym, wellness and yoga space. 
<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/2018/9/27/Twin%20hero%202.jpg" alt="">
Construction of the 29 Twin Street project is anticipated to commence next year and take 18 months to complete.
James Hines, Managing Director of Hines Property said:
"There are already over 10,000 international and interstate students enrolled at the city-based universities and they provide a significant economic benefit to the state.
"This development will undoubtedly be the drawcard accommodation option for students considering Adelaide as a destination to undertake their studies."
Established in 2003, Hines Property is a privately-owned property development and investment group focusing on high-rise residential, office, hotel and mixed-use development projects.
Hines Property is also the largest owner of hotel accommodation in Adelaide, with more than 600 hotel rooms in its portfolio, including the Pullman Adelaide Hotel and the Ibis Adelaide Hotel.
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World's tallest student-only accommodation tower proposed in Adelaide

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Suburbs located in inner and middle rings of Adelaide are considered to be the best prospects for price growth in the December quarter, according to a Herron Todd White (HTW) recent residential report. 
Historically, the South Australian property market slows during the second and third quarters.
But the valuers latest report says the mid-year months are dreary.
It noted the state government has mapped the quarterly metropolitan house price from June 1998 which, with the exception of notable peaks and troughs, shows slight dips in the median price through the September quarter of the year with an uplift towards December.
The valuation firm noted that the effects of the banking royal commission have begun to be felt through the mid- portion of the year.
"The ability to borrow money has tightened," the report said.
"Agents report that purchasers are being priced out of properties that may have fallen into their price bracket 12 months ago.
"This could cause a doubling down on the September quarter results given the out-of-cycle market pressure.
"The tightening in lending will not be fully quantified until the results of the December 2018 and March 2019 metropolitan median price growth are revealed," HTW suggested.
Agents have reported a slowing in a number of key market indicators leading up to September.
Buyer enquiry has reduced while available stock is limited. Discussions with agents in the field indicate the slowing in these key indicators is a seasonal occurrence which forms part of the annual property cycle.
For properties going to auction, the winter months can pose a serious threat to the hammer falling, HTW noted.
"Fence sitting purchasers who are thinking of bidding can be spooked by a simple rain shower or the threat of looming dark clouds.
"The agent who thought they had ten registered bidders now has five."
Braving the wintry conditions were the vendors of <a href="https://www.realestate.com.au/sold/property-house-sa-norwood-128841822" target="_blank">45 Gray Street, Norwood</a> (pictured above) who began advertising their three-bedroom, one-bathroom symmetrical cottage in July with an auction to be held in August.
A large crowd braved the cool weather to see the property sell under the hammer for $790,000.
Norwood is located approximately 3.5 kilometres east of the Adelaide CBD and consistently rated as South Australia’s most searched suburb.
The HTW valuer said" "Suburbs located within the inner and middle rings have been the best performers over the past 12 months.
"Suburbs located in these rings are considered to be the best prospects for price growth in the December quarter too.
"This sector provides options aplenty for first home buyers, downsizers, families and developers."
Within the inner ring, price pressure can be expected in the $600,000 to $900,000 range whilst the middle ring can expect pressure in the $300,000 to $600,000 range.
<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/2018/9/11/payneham%20.jpg" alt="">
Recently advertised in the inner ring is <a href="https://www.realestate.com.au/property-house-sa-payneham-129092534" target="_blank">4 Marian Road, Payneham</a> (pictured above) which comprises a character four-bedroom, one-bathroom dwelling on a 1,100 square metre allotment.
This property has been listed for sale by auction with an asking price of $800,000.
Whilst in the middle ring, 12 Aberfeldy Avenue, Edwardstown comprises a three-bedroom, one-bathroom updated 1950s home on a 660 square metre allotment.
This property has been listed for sale by auction with an asking price of $439,000.
The outer ring continues to struggle with extended days on market with stagnant and in some cases negative growth.
Post-September and moving into the summer months we begin to see an increase in the listings surrounding beach side suburbs and coastal holiday destinations.
Coastal tourist towns of Victor Harbor, Pt Elliot and Goolwa south of the city on the Fleurieu Peninsula and Wallaroo, Moonta, Stansbury and Black Point north-west of the city on the Yorke Peninsula swell with holiday makers.
This provides the perfect opportunity to promote new listings as the market pool increases.
Properties which lend themselves to holiday makers and don’t achieve sale through the spring or summer months can be removed from the market during the middle portion of the year to avoid any perceived over exposure.
<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/2018/9/11/hayborough.jpg" alt="">
Recently sold in the beachside suburb of Hayborough approximately 80 kilometres south of the Adelaide CBD is <a href="https://www.realestate.com.au/sold/property-house-sa-hayborough-127231986" target="_blank">8 Olivers Parade</a> (pictured above).
The property provides six-bedrooms and three-bathrooms over two levels of living.
The dwelling provides unrestricted ocean and beach views and is situated on an allotment of approximately 1,200 square metres.
This property was advertised through the winter months before selling for $1.7 million.
<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/2018/9/11/black%20point%20.jpg" alt="">
Listed for sale approximately 170 kilometres north-west of the Adelaide CBD is <a href="https://www.realestate.com.au/sold/property-house-sa-black+point-126486366" target="_blank">124 Black Point Drive, Black Point</a> (pictured above).
This property comprises a three-bedroom shack with absolute beach frontage.
The property has been listed for sale with an asking price of $785,000.
Black Point is considered a blue-ribbon location with those properties situated on the northern side of Black Point Drive being some of the most sought after real estate on the peninsula.
This location has historically been tightly held with only a handful of transactions occurring annually.
This has changed in recent times with large areas of former reserve land being divided and sold as residential allotments.
"Market conditions within these semi-regional and regional costal townships remain stagnant," the HTW valuer noted.
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Adelaide inner and middle ring suburbs the best price growth prospects: HTW

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During the second quarter of 2018, resales of Adelaide properties generated $471.9 million in profits and $17.9 million in losses, according to the latest CoreLogic Pain and Gain report .
The report noted, these resales accounted for 3.0% of total resale profits nationally and 3.8% of resale losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20ADL%201.JPG" alt="">
The regions with the lowest share of resale losses over the quarter were Norwood Payneham and St Peters, West Torrens and Unley while the greatest share of resale losses occurred in Playford, Gawler and Adelaide.
Adelaide is continuing to see only moderate increases in values however, like most other capital cities, the share of resales at a loss has increased over the quarter.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20ADL%202.JPG" target="_blank">Click here to enlarge</a>
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20ADL%202.JPG" alt="">
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Playford, Gawler and Adelaide hit by resale losses: CoreLogic

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Adelaide's CBD is set to welcome the arrival of two new developments; one the city's first Indigo Hotel and the other a sizeable new student accommodation complex.

It was revealed yesterday that Hotel Indigo will gain access to the Adelaide market via 23-29 Market Street which will host a 17 level purpose-built hotel. Adjacent to Adelaide's Central Market, Indigo Hotel Adelaide Markets is backed by Primefield Property who will develop the tower for InterContinental Hotels Group who will assume management rights.

137 rooms are included, supplemented by meeting spaces, a gym, pool and sun deck, café and rooftop bar.

Construction on the Market Street site will begin shortly, ushering in what will be the sixth Hotel Indigo in Australasia, adding to existing Brisbane, Sydney, Auckland and dual Melbourne locations. Another Melbourne presence has been mooted in South Yarra.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image273.jpg" rel="gallery-all" title="Adelaide's newest hotel. Image: IHG"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image273.jpg?itok=Y_UvcLTk" title="Adelaide's newest hotel. Image: IHG" width="580"></a>

<figcaption>Adelaide's newest hotel. Image: IHG</figcaption></figure>For Primefield Property Director Nick Lee the signing underpins Adelaide's strong hotel development credentials. “Adelaide is currently one of the more stable Australian hotel markets and the Central Market is the most visited place in South Australia, with approximately 8 million visitors per year.

We are thrilled to partner with IHG, one of the world’s leading hotel management companies, to bring the Hotel Indigo brand to Adelaide."

Indigo Hotel Adelaide Markets joins an already crowded Adelaide hotel development scene. Among other developments in the works are <a href="/developments/adelaide-sa">Westin Adelaide</a> on King William Street, <a href="/developments/adelaide-sa-5000">Tribe</a> on Wakefield Street, <a href="/developments/adelaide-sa-5000">Quest's</a> continued expansion to a new North Terrace location and Adelaide Casino's new addition which is at construction.

The City of Churches highest profile hotel in waiting is the proposed six-star Riverbank hotel which would cost up to $300 million and span 27 levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image277.jpg" rel="gallery-all" title="Student accommodation is proving popular in Adelaide's CBD. Image: IPG"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image277.jpg?itok=B1nzT3YD" title="Student accommodation is proving popular in Adelaide's CBD. Image: IPG" width="580"></a>

<figcaption>Wee Hur's initial Adelaide development is under construction. Image: IPG</figcaption></figure>Close to Market Street, 124 Waymouth Street is also subject to development with Intergen Property Group securing the site for Singapore-based Wee Hur.

In line with Wee Hur's rapid expansion into the Australian student accommodation market the Waymouth Street site is earmarked for a new $90 million build. Spanning 1,836 square metres, as many as 721 student beds are expected onsite by late 2021. Design's for Waymouth Street have yet to be revealed.

124 Waymouth Street was purchased for $9.275 million and follows on from 89-109 Gray Street. Currently under construction, the Grey Street site is Wee Hur's initial Adelaide project and will see 772 beds created over 17 levels.

Wee Hur's latest Adelaide play comes on the tail end of a rash of additional student accommodation projects being built across the city. More recent applications have become taller and more sophisticated, as evidenced by GSA Australia's <a href="/buildings/269-north-terrace-adelaide">approved North Terrace Tower</a>; the project involves 680 student beds over 34 levels.

In a sign of the underlying strength of demand for student accommodation within Adelaide, an application submitted during August for 29 Twin Street is seeking to go even higher, providing accommodation for 510 students over 36 levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image190_1.jpg" rel="gallery-all" title="Adelaide's new tallest syudent accommodation building? Image: Hines Property"><img alt="" class="image-article-full-width-580px" height="315" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image190_1.jpg?itok=wjFaFb0P" title="Adelaide's new tallest syudent accommodation building? Image: Hines Property" width="580"></a>

<figcaption>Twin Street may be Adelaide's new tallest student accommodation building. Image: Hines Property</figcaption></figure>
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