<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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Over the June 2016 quarter, 9.3% of resales of Adelaide houses and 14.1% of units were at a gross loss, according to the latest CoreLogic Pain and Gain report. 
Both figures recorded were increases from the previous quarter.
The CoreLogic report compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss.
<a href="/images/2016/09/28/pain%20and%20again%20adelaide.jpg" target="_blank">Click to enlarge</a> 
<img src="/images/2016/09/28/pain%20and%20again%20adelaide.jpg" alt="">
The council areas with the lowest proportion of loss-making resales over the quarter were: Prospect (3.8%), Burnside (4.1%) and Walkerville (4.2%).
The council areas with the highest proportion of loss-making resales over the quarter were: Light (42.9%), Playford (27.7%) and Salisbury (12.7%).
Over the June 2015 quarter, 9.6% of Adelaide resales were at a gross loss, with the highest proportions of loss-making resales over the quarter at the same time last year were recorded in Playford (28.3%), Mallala (20.0%) and Gawler (19.8%).
<a href="/images/2016/09/28/adelaide%20pain%20and%20gain%20chart.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/28/adelaide%20pain%20and%20gain%20chart.jpg" alt="">
Get the full report <a href="https://www.corelogic.com.au/news/file-download?id=56fe4d38-98f3-4f82-b763-e91283945def" target="_blank">here</a>
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j.ballantyne1990-6AQqhLzZaK

Adelaide recovers, but one in four Playford sellers lose money: CoreLogic

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House prices in Colonel Light Gardens are tipped to increase by 14% in the next 12 months, with the suburb taking equal top spot in Adelaide's 2016/2017 house hotspots forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Colonel Light Gardens currently sits at $740,000, according to APM.
Several recent sales point to upward price movements in the suburb. An example would be a four bedroom house currently on sale for $790,000 at <a href="https://www.realestate.com.au/property-house-sa-colonel+light+gardens-123193034" target="_blank">46 Salisbury Crescent</a>, (above) which is $50,000 above the median price.
<img src="/images/2016/09/23/8%20Rozells%20Avenue.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-colonel+light+gardens-122576806" target="_blank">8 Rozells Avenue</a> (above) was sold for $800,000 – $60,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, also consider Henley Beach, Linden Park, Erindale, Hazelwood Park, St Peter and Heatherfield as their strongest hotspots.
Suburb                             Postcode        Median price       12 month forecast
Colonel Light Gardens        5041                $740,000           4%
Henley Beach                    5022               $790,000            4%
Linden Park                      5065               $871,000            4%
Erindale                           5066               $1,076,000         4%
Hazelwood Park                5066                $942,500           4%
St Peters                          5069               $1,252,500         4%
Heatherfield                      5153               $750,000           4%
Firle                                5070               $655,000            3%
Payneham South              5070                $699,000            3%
Kingswood                       5062               $898,000            3%
 
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Colonel Light Gardens tops list of 2017 Adelaide house hotspots

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Klemzig ranks as amongst Adelaide's 2-16/2017 top investor hotspots for units with an expected increase of 4 percent over the next 12 months.
It offers cheaper units compared to its joint ranked investor hotspots Broadview, Marden and Parkside, who all also expect a 4 percent price increase.
The median price at Klemzig is currently at $272,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/22/425-9%20Alexander.jpg" alt="">
An example would be a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-sa-klemzig-123261094" target="_blank">42/5-9 Alexander</a> (above) currently on sale for between $269 000 -$279 000.
<img src="/images/2016/09/23/21%20Price%20Avenue.jpg" alt="">
Similarly a two bedroom unit was sold for $296,000 at <a href="https://www.realestate.com.au/sold/property-unit-sa-klemzig-118906211" target="_blank">2/1 Price Avenue</a>, (above) which is $24,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Broadview, Marden and Parkside as Adelaide's top investor suburbs for units.
Suburb                      Postcode          Median price           12 month forecast
Klemzig                     5087                $272,000                4%
Broadview                 5083                 $330,000               4%
Marden                     5070                 $339,000               4%
Parkside                    5063                 $460,000              4%
Pooraka                    5095                  $287,500               3%
Glenside                   5065                   $320,000              3%
Eastwood                  5063                  $570,000              3%
Cumberland Park       5041                   $337,500             3%
Clarence Park            5034                  $329,000              3%
Wayville                    5034                   $385,000             3%
<a href="/images/2016/09/21/Screen%20Shot%202016-09-21%20at%2010.22.35%20am.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/21/Screen%20Shot%202016-09-21%20at%2010.22.35%20am.png" alt="">
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Kelmzig units share suburb superiority atop 2017 Adelaide property hotspots

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There are limited properties under $500,000 within suburbs close to the city, according to the latest Herron Todd White report.
The valuation firm suggested the market for older units even close to the city is somewhat stagnant as there are larger numbers of newer apartments and townhouses on the market and decreasing numbers of first home buyers that may have previously considered a unit for a first home.
As a result, there are more residents moving further from the CBD to seek housing within an affordable price bracket.
HTW noted there is increasing in-fill development within suburbs such as Happy Valley as well as new development in Woodcroft which is improving the overall appeal of these suburbs.
"Although further from the CBD, these locations are well serviced with local shopping facilities in good proximity.
"These suburbs provide good opportunities for first home buyers seeking detached housing within the $300,000 to $400,000 price bracket.
"These opportunities are few and far between within close proximity of the CBD with the exception of smaller unit style accommodation.
"These areas have fairly consistent levels of demand from buyers and tenants alike."
An example of the price differences between suburbs was shown with a Woodcroft offering, situated 20 kilometres from the Adelaide CBD, while Parkside (situated in the Unley Local Government Area) is situated within three kilometres of the CBD.
A property on <a href="https://www.realestate.com.au/property-house-sa-woodcroft-122638130" target="_blank">Mawson Circuit, Woodcroft</a> sold in March 2016 for $330,000. It is a circa 1994 3-bedroom, 2-bathroom dwelling with single garage (under the main roof) on a 435 square metre allotment.
In comparison, a circa 1990 3-bedroom, 2-bathroom dwelling (350 square metre allotment) on <a href="https://www.realestate.com.au/property-house-sa-parkside-121444430" target="_blank">Kenilworth Road, Parkside</a> sold for $705,000.
This reflects a 47% difference in price and provides a good indication of the impact proximity to the CBD has on a property.
HTW advised the median house price in Woodcroft is $365,000 while in Parkside it is $705,000.
In summary, well serviced, quality housing within proximity of the CBD will continue to experience good demand.
Coastal areas such as Henley Beach and Grange will also remain popular given their proximity to the beach and good access to the city and surrounding shopping and café facilities.
The report noted that many busy potential purchasers in the Adelaide market are chasing the elusive work-life balance and are therefore seeking properties where everything is done.
"Lower maintenance properties mean more time to spend with family and friends.
"Popular property types as always are dependent on life stage.
"For example, many young families are still keenly seeking larger family homes with a back yard while those downsizing appreciate the low maintenance lifestyle that a new property on a smaller allotment offers.
"Given the increasing townhouse and apartment construction in the CBD and surrounding suburbs, potential purchasers in Adelaide are gradually moving away from large detached dwellings particularly in less affordable locations.
"Quality housing in suburbs within ten kilometres of the CBD has always been attractive to long-term investors and this is the same for home owners.
"Suburbs that provide proximity to the CBD, good shopping facilities, access to public transport, reserves and local cafes are attractive for investors and home buyers alike."
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Adelaide residential buyers seeking affordable further out: HTW

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After CoreLogic recently reported a median house price of $415,000 in Adelaide, Property Observer went searching for what that got. 
For that price house hunters can purchase a 1950s inspired two-bedroom, one-bathroom home at <a href="https://www.realestate.com.au/property-house-sa-north+plympton-123235598">50 Dingera Avenue</a> in North Plumpton on a 397 square metre block (above). The house has recently undergone $120,000 worth of improvements. 
The 1966 solid brick three-bedroom, one-bathroom house at <a href="https://www.realestate.com.au/property-house-sa-north+plympton-123190630" target="_blank">1 Murdoch Avenue</a> in North Plympton has been listed for $410,000 (below). The house sits on a 599 square metre allotment. 
<img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%204.46.49%20PM.png" alt=""> 
The three-bedroom, one-bathroom house at <a href="https://www.realestate.com.au/property-house-sa-brooklyn+park-122700214" target="_blank">43 Elston Street</a> in Brooklyn Park has been listed for $400,000-440,000 (below). The Torrens Title investment sits on a 353 square metre block of land located between the city and the sea.  
 <img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%204.48.23%20PM.png" alt="">
Alternatively, the three-bedroom, one-bathroom house at <a href="https://www.realestate.com.au/property-house-sa-brooklyn+park-123227278?listingType=buy" target="_blank">9 Byrnes Street</a> in Brooklyn Park has been listed for $427,000 (below). The house sits on 379 square metres of land. 
<img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%204.49.42%20PM.png" alt="">
The 1910 three-bedroom, one-bathroom cottage at <a href="https://www.realestate.com.au/property-house-sa-thebarton-122820610" target="_blank">21 Smith Street</a> in Thebarton (below) has been listed for $450,000 and sits on 266 square metre block. 
<img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%204.51.05%20PM.png" alt="">
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jonathanchancellor-7SQnKwU6yx

What the $415,000 median house price gets in Adelaide

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The University of Adelaide has sold its Thebarton Campus to a group of Adelaide private investors to raise funds for a new medical, dental and nursing building.  
The 3.99 ha property, which was marketed through expressions of interest, was bought by Pep Rocca of Australasian Property Developments for an undisclosed sum.
The deal was brokered by Colliers International’s Paul Van Reesema, Alistair Mackie and Paul Tierney. Van Reesema said the sale price was in line with expectations.
Thebarton Campus is occupied by multiple third party tenants, including the university for several of its faculties and records storage. The university’s Vice-Chancellor and President Warren Bebbington said the university would continue to occupy various tenancies following the sale, by way of lease backs on commercial terms. 
“The sale was part of our divestment plan to fund our new medical, dental and nursing building, now nearing completion next to the new Royal Adelaide Hospital,” Prof. Bebbington said.
The portfolio was offered in four ‘super lots’ or as a whole, according to a media release. Thebarton Campus close to the Adelaide CBD and affords solid cash-flow opportunities and development potential given its Urban Corridor zoning, and building height limit of six levels.
“This sale represented a unique opportunity to acquire a major inner metropolitan infill land holding,” Van Reesema said.
With 28 buildings providing extensive accommodation, the portfolio offers significant holding income opportunities for a purchaser whilst planning and implementing a redevelopment project.
 
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University of Adelaide divests from Thebarton Campus to fund new medical building

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Adelaide often flies under the radar for investors. It’s perhaps the most under-rated among the capital cities, despite having delivered good growth rates in the past and currently it leads the nation on some measures, including the rise in sales activity.
Across the Adelaide metro area, the standouts are middle-market precincts like the City of Charles Sturt. This LGA, immediately north and north-west of the Adelaide CBD, is at the forefront of Adelaide’s efforts to evolve its economy, as manufacturing industries fade.
Topping the list of Adelaide projects is the $2 billion Royal Adelaide Hospital, due for completion in late 2016. There is also a serious focus on improved transport infrastructure, including road and rail, which will better connect industrial precincts and outer suburbs with the CBD, the Port of Adelaide and Adelaide Airport.
The City of Charles Sturt attracts people because it’s close to the beaches, the CBD, the airport and regional shopping facilities. Henley Beach is one of Adelaide’s most popular, with a noted restaurant precinct with boutique shopping. 
The LGA has long been considered the sporting and entertainment hub of Adelaide, with national basketball, soccer and football stadiums, three privately-owned golf courses, an international rowing course, the River Torrens Linear Park, the Adelaide Entertainment Centre, the coast and numerous highly-regarded local sporting venues.
The City is well-catered-for in terms of schools and medical services. Health is the largest employer in South Australia and has replaced manufacturing as the largest employer in Charles Sturt, which has two major hospitals: the Queen Elizabeth Hospital (the Western Region’s primary health care provider) and Western Hospital at Henley Beach.
Charles Sturt is a solid middle-market area that offers affordable homes, low vacancies and a strong construction pipeline. 
The LGA has bayside suburbs west of the Adelaide CBD, including rising markets such as Henley Beach (median house price $790,000) and Henley Beach South ($763,000), as well as some more affordable locations such as Findon ($473,000), Kidman Park ($570,000), Semaphore Park ($467,000) and Seaton ($460,000).
Long-term growth rates (average annual growth in median prices over 10 years) are generally 5–6% per year. Henley Beach, Henley Beach South and Woodville Park are slightly higher at 7 percent per year (which means values doubling in 10 years).
Most of properties in the city are stand-alone houses (73 percent), while 28 percent are units, according to the 2011 Census. However, there has been a marked increase in the number of units being built in the last three years.
Vacancies across Charles Sturt are generally low, with many postcodes having vacancy rates below 2 percent. Only postcodes 5020 and 5021 (which includes West Lakes and West Lakes Shore) have vacancies outside the general comfort zone.
Much is happening in Adelaide generally and the City of Charles Sturt specifically, and this is partly attributed to the State Government’s 30-Year Plan for Greater Adelaide.
Using the plan as a guide, Renewal SA is initiating urban renewal developments, led by four major projects valued at over $2 billion. The largest project will see the population of the small inner suburb of Bowden grow from a few hundred residents to 3,500 over the next decade. This area is being revitalised with cafés, restaurants, shops, offices and parks.
The old AAMI Stadium (also known as Football Park) at West Lakes is to be redeveloped. In 2014, the South Australia National Football League sold AAMI Stadium to developers Commercial and General for $71 million. Commercial &amp; General has plans to develop the site into residential, commercial and community land uses. It is estimated 1,600 homes will eventually occupy the site. 
Another Renewal SA project will see land adjacent to the Woodville Railway Station transformed with a mix of medium-density to high-rise dwellings.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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Adelaide the most under-rated among the capital cities: Terry Ryder

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Adelaide home values have increased by 0.2 percent over the past three months and are 4.8 percent higher over the past year according to CoreLogic.
CoreLogic's Economic and Housing Market Summary for August found values have increased by just 9.9 percent over the past five years. 
<a href="/images/2016/08/10/Screen%20Shot%202016-08-10%20at%201.46.11%20PM.png" target="_blank">Click to enlarge</a>
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Adelaide dwelling values increase 9.9 percent over five years: CoreLogic

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Construction company Hindmarsh's Adelaide, Bowden development The Bowery is almost completely sold out as construction reaches its highest structural point of seven storeys.
Hindmarsh has sold 52 of the 54 apartments at The Bowery ahead of its 2017 completion.
The remaining apartments feature two bedrooms, two bathrooms and a car space, priced from $465,000.
Morry Canala, Hindmarsh SA development manager said the diverse mix of future residents at The Bowery, including singles, couples, downsizers and more, will add to the renewed urban character of Bowden. 
“We’ve placed a specific emphasis on the design aspects at The Bowery to ensure it meets the high standards expected by our customers while also having sophisticated, enduring aesthetic appeal," he said.
"As such the apartments have attracted a variety of buyers to add to the rich social fabric of the changing Bowden community.
The Bowery fronts Sixth Street and overlooks Kevin Taylor Park.
For more information, <a href="https://www.thebowerybowden.com.au/" target="_blank">click here</a>.
 
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Adelaide's The Bowery reaches new heights

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An Italian restaurant and bed &amp; breakfast property in Adelaide Hills is up for sale through private treaty.
Located in historical Kanmantoo in South Australia, the 14 Old Princess Highway property comprises an authentic Italian restaurant seating up to 120 guests, along with two newly established bed and breakfast villas. 
There is also council approval for another five villas and a wedding/function centre for 150 guests. 
Colliers International’s Chet Al and Oliver Totani been appointed to sell the property. 
“Formally the Britannia Hotel, the property was built between 1848 and 1850, and extended around 1863 for operation as a boot maker,” said Al.
“The property is now operated as a tourism and hospitality venue, comprising a 263 sqm restaurant, 109 sqm living area and two bed &amp; breakfast cabins. The Osteria Sanso restaurant was established more than 13 years ago and has now been family owned and operated since day one.”
The property also has a three-bedroom owner’s residence.
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