Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

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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