<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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The City of Onkaparinga has officially given property developer Greaton the green light to commence construction on their new 10-building luxury resort in McLaren Vale, 38 kilometres south of Adelaide. The development is a partnership between Greaton and sustainable wine purveyors Wirra Wirra, with plans to build a 33-key resort, situated amongst the Wirra Wirra vineyards.

Recent data from the South Australian Tourism Commission found that there were only 3% of overnight visitors to the Fleurieu Peninsula between 2018 to 2019, many of which were intrastate visitors. Greaton decided to embark on this ambitious project to drive an uplift in international tourism within the Fleurieu Peninsula region. 

<blockquote>
"This year, expenditure is forecast to increase to $509M*, so while growth in this market is expected, we are confident this resort will go some way to further increasing international visitation once completed. In addition, to further increase the appeal to overseas visitors, we are currently negotiating with an international wellness-oriented resort operator that runs some of the most renowned resorts and hotels around the world – we hope to be in a position to announce this partnership soon."
</blockquote>

Nicho Teng, Greaton Managing Director

*from $476 million between 2018-2019.

<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/wirra_wirra_walkway_view.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="253" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/wirra_wirra_walkway_view.jpg?itok=LIjeo4iy" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Wirra Wirra Managing Director, Andrew Kay, explains that the winery staff often hear from inbound tourism operators about the lack of premium accommodation offerings in the Fleurieu Peninsula region. 

<blockquote>
"We presented our hotel concept to potential suppliers at the 2019 Australian Tourism Exchange in Adelaide, and the response was overwhelmingly positive. They would book tomorrow if they could."
</blockquote>

Kay believes that the 5-star development will add significant value to the Peninsula and drive international awareness of the area. 

Blink Design Group has designed the approved plans for the spa resort, which also includes an infinity pool, function hall and the restoration of a heritage building, which previously belonged to the winery founder Robert Wigley.

<blockquote>
"The building is quite derelict, and the development provides the opportunity to give it a purposeful role into the future." 
</blockquote>

Andrew Kay, Wirra Wirra Managing Director

The heritage building is set to become a bookable luxury bridal suite once restorative works are complete. 

Construction is slated to begin in November this year, with completion anticipated for 2022. 
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Olivia Round

Approval granted for a luxury 5-star resort project in Adelaide

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EXPERT OBSERVER
Dwelling prices have reached the bottom in Adelaide as buyer confidence rises alongside auction clearance rates.
According to the latest RiskWise Property Research Risks &amp; Opportunities Report, housing finance in South Australia is showing signs of improvement with an increase of 8.6 per cent since February 2019 after a reduction of 6.6 per cent relative to August 2018.
In recent years the market had delivered modest capital growth for houses and poor capital growth for units.
While the labour market has improved in the past couple of years, the effective unemployment rate in South Australia is still above 9 per cent and the employment market is still soft.
This has a strong connection with low population growth (only 0.8 per cent per annum) and, therefore, low demand for dwellings.
While serviceability measures have improved due to the RBA’s interest rate cuts (with another expected sometime in the new year), the relatively high unemployment rate increases the risk of credit defaults.
That, combined with some properties that suffer from low demand, require special attention in relation to credit provisioning.
However, he said in some high-demand areas the housing market was showing some evidence of recovery, particularly those with steady recent price growth rates.
Buyer confidence has increased in South Australia, particularly Adelaide. This has also improved auction clearance rates and, consequently, it appears dwelling prices have reached the bottom.
However, while South Australia enjoys high levels of public and private expenditure, in the short term, the economic growth is projected to remain relatively low, around the 2 per cent mark.
Long-term economic growth will be a slow process and with a soft labour market no significant changes to demand are expected in the short to medium term, with less popular areas experiencing modest growth only.
He said despite low building approvals, demand for houses was projected to remain moderate with, therefore, only moderate capital growth forecast.
However, he said the growth rate was projected to vary greatly across the state with houses in areas close to the Adelaide CBD, such as Adelaide Central and Hills, likely to deliver better growth.
Houses in areas that do not enjoy good growth drivers still carry a risk of delivering poor / negative capital growth. For example, according to CoreLogic, the median house price in the Barossa - Yorke - Mid North area declined by 0.2 per cent in the past 12 months.
He said while South Australia offered healthy rental returns for both houses and units, demand for units among owner-occupiers, despite good affordability, was generally low.
In addition, units in some suburbs are subject to voluntary lending restrictions by the major lenders, such as lower loan-to-value ratio (i.e. higher deposit) due to oversupply,
Units are not considered a popular dwelling option among families especially off-the-plan units in high rises, and these carry the highest level of risk. Overall, units in South Australia are likely to deliver poor capital growth.
Adelaide Central and Hills has the highest rate of oversupply in South Australia with 2696 units in the pipeline (an 8.2 per cent increase to the current stock). This unit oversupply has led to a price decline of 0.3 per cent in the past year.
DORON PELEG is the CEO at RiskWise
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j.ballantyne1990-6AQqhLzZaK

Adelaide house prices bottom out with growth projected: RiskWise's Doron Peleg

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Work has commenced on a new $85 million apartment development in the Adelaide CBD.
Penny Place (above), developed by Flagship Property, will have 152 apartments. Over half have already sold off the plan. 
Flagship Property Holdings chief executive Mark Jarman broke the ground with Stephan Knoll, the South Australian minister for planning. 
The block sits next door from the Kodo apartment development, Adelaide's tallest residential tower (below).
 <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/2019/11/25/Kodo%20-%20dusk.jpg" alt="">
In September the first residents moved in to the 30 storey building which soars over 100 metres above the street.
Also developed by Flagship, the $100 million Woods Bagot-designed building has 202 apartments.
Located near Victoria Square, Kodo includes a four-level podium from ground level, which incorporates car parking, bicycle parks and residential apartments.
On the top floor of the podium sits an exclusive resident sky garden, with landscaped entertaining and recreation areas, as well as surrounding apartments with mezzanine floors and generous private terraces.
Additional one, two and three-bedroom apartments rise up another 26 levels, offering sweeping views towards the Adelaide Hills and coastline.
There's also be ground floor retail and commercial tenancies.
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Residents move in to Kodo, Adelaide's tallest residential building as ground breaks next door at Penny Place

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South Australia’s housing market remains relatively stable, in part because of the avoidance of excessive runup in values that occurred on the eastern seaboard, according to the latest data from Moody's Analytics.
It found house values in Greater Adelaide rose 1.9% in 2018, supported by strong growth in West and North Adelaide, whereas the increase in unit values was more moderate at 0.7%.
There is some expected divergence in South Australia house values. While house values are expected to fall by 0.5% in Greater Adelaide, they are expected to accelerate in regional South Australia and grow by 1.2% in 2019.
The growth in unit values in Greater Adelaide, however, is likely to remain steady and values are expected to rise by 0.7% in 2019, Moody's Analytics forecast.
<img src="https://www.urban.com.au/images/2019/10/28/SA%20Moodys.JPG" alt="">
Katrina Ell, Economist at Moody’s Analytics said: "In 2020, house values are predicted to rise by 1.4% in Greater Adelaide, supported by a strong pickup in house prices in North and South Adelaide.
"The weakness in house values in Central and West Adelaide, however, is likely to persist next year, with values projected to decline by 1.2% in both suburbs in 2020. In comparison, house values in regional South Australia are expected to record stronger growth of 2.7% in 2020, driven by a significant increase in home values in South Australia-Outback.
"In contrast, unit values in Greater Adelaide are expected to pick up modestly by 0.8% in 2020, because of weaker prices in West Adelaide, which are likely to fall further by 4.9% through 2020.
"House values are predicted to gain momentum in 2021 and increase by 5.1% and 3.9% in Greater Adelaide and regional South Australia, respectively.
"Unit values, however, are forecast to increase moderately by 1.1% in the Greater Adelaide region."
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Adelaide housing market to leap ahead of apartments in 2021: Moody's Analytics

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New capital city listings remain down year on year - everywhere bar Adelaide, which has seen a minor increase.
The city with by far the sharpest drop in new listings is Darwin at -31.3%, according to CoreLogic.
Following close behind are Melbourne and Hobart, both down -18%, a significantly larger fall than Sydney's -6.6%.
In terms of overall listing numbers, a similar scene is being played out with the only significant changes being the -21% fall in Sydney listings, plus Perth joining Adelaide with increasing listing volumes.
<img src="https://www.urban.com.au/images/2019/10/21/OCT%2021%20Listing%20Stats.JPG" alt="">
In contrast to these numbers, auction activity is set to rise across the combined capital cities this week with 2,436 homes scheduled to go under the hammer, making it the busiest week for auctions so far this year.
The busiest auction suburb this week is Reservoir with 21 homes set to go under the hammer, followed by Port Melbourne (19), and Kew (18).
The increase in auction activity is largely due to Melbourne, where vendors are rushing to auction prior to the Melbourne Cup week slowdown. The city is currently expecting around 1,435 auctions this week, the busiest week Melbourne has seen since this time last year, when 1,709 homes were taken to auction.
Sydney is set to see auction volumes remain relatively steady week-on-week, with 729 homes set to go under the hammer this week, while one year ago, 798 auctions were held across the city.
As for the smaller auction markets, Adelaide and Tasmania will see auction volumes increase week-on-week, while Brisbane, Canberra and Perth will see fewer auctions, according to CoreLogic data.
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Adelaide bucks the falling listing trend: CoreLogic

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When looking at a glossary of property terms, yield can be found at the bottom of the list alphabetically, but should be front of mind for any property investor, says Herron Todd White (HTW).
The valuation firm took a look at rental yields across the country in its latest residential report. 
"Yield provides an indication of the annual return you will receive from your investment," the valuation firm stated.
Yields will fluctuate with the purchase price of a property, the achievable annual rental and the running costs (outgoings).
The terms gross and net get thrown around when discussing yields. The gross yield is income prior to outgoings being removed and the net yield is income after outgoings are removed. Given that outgoings vary amongst location and property type, all yields provided in this discussion are gross.
The report notes the importance of yields for investors fluctuates with location.
Historically, the inner ring of Adelaide has provided purchasers with returns in the form of capital growth.
Coupled with a stable rental market, dwellings are providing yields of between 2% and 4% whilst units have achieved yields between 3% and 5%.
Mid-1900s strata units are popular with first time investors. These properties provide an entry point at the lowest end of the market and are easily tenable.
Sold tenanted at $275 per week, <a href="https://www.realestate.com.au/sold/property-unit-sa-trinity+gardens-129994046" target="_blank">4/32 Hereford Street, Trinity Gardens </a>(pictured below) achieved a sale price of $270,000 which reflects a yield of 5.29%.
This is a circa 1960s strata unit of brick construction disposed as two bedrooms and one bathroom.
<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/2019/10/16/trinity%20gardens%20.jpg" alt=""> 
"The middle ring of Adelaide has been popular with investors, providing capital gains and a rental market with more depth than the inner ring. Both dwelling and unit yields hover around 3% and 5%," the valuation firm said. 
Most popular with investors are mid-century dwellings on larger allotments. These properties provide investors with not only a rental return but upside with future development potential.
Selling for $410,000, <a href="https://www.realestate.com.au/sold/property-house-sa-mitchell+park-131144162" target="_blank">29 Thorne Street, Mitchell Park </a>(pictured below) is now advertised at $360 per week indicating a potential yield of 4.56%.
This property comprises a circa 1962 single level brick dwelling disposed as three bedrooms and one bathroom on an allotment of 663 square metres.
<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/2019/10/16/mitchell%20park.jpg" alt=""> 
"With price points considerably below the metropolitan median house price and a strong rental market, the outer ring has historically provided the greatest yields," the valuation firm continued. 
Yields typically range in the 5% to 7% range with certain pockets and property types providing yields of 7% plus.
With a variable price point of $100,000 to $150,000 and achievable weekly rentals in the low $200s, maisonettes surrounding Elizabeth Centre fall into this category.
Sold tenanted at $220 per week, <a href="https://www.realestate.com.au/sold/property-house-sa-elizabeth+downs-131201546" target="_blank">48 Loftis Road, Elizabeth Downs</a> (pictured below) achieved a sale price of $140,000 which reflects a yield of 8.17%.
This is a circa 1960s maisonette of brick construction disposed as two bedrooms and one bathroom.
 <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/2019/10/16/elizabeth%20downs%20.jpg" alt="">
The report suggests alternative options to the traditional dwelling and strata units come in the form of unit blocks, CBD serviced apartments and secure long-term rentals such as Defence Housing.
Unit blocks can be complex investments as dealing with multiple tenancies can be problematic. The buyer profile for unit blocks would typically be investment funds and experienced individual investors diversifying a portfolio.
Yields for unit blocks within metropolitan Adelaide can fluctuate within a range of 4% to 8%.
Achieving a sale price of $830,000 in early 2019 was<a href="https://www.realestate.com.au/sold/property-unit-sa-marden-130429662" target="_blank"> 1-4/50 Marden Road, Marden</a> (pictured below).
This property comprised three two-bedroom units and a fourth three-bedroom unit. The property was partially let at the time of sale and provided an analysed yield of 7%.
<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/2019/10/16/marden.jpg" alt=""> 
"Single occupancy long-term rentals such as Defence Housing and serviced apartments appeal more to the mum and dad investors looking for a set and forget investment. These properties provide secure long-term rentals with rent being guaranteed through the life of the tenancy," the valuation firm said. 
Defence Housing offers leases of up to 12 years whilst serviced apartments provide a mixture of lease options.
Outgoings should be a major consideration when purchasing CBD serviced apartments. Outgoings can vary considerably from building to building depending on common areas and building services.
Two apartments may appear comparable on a gross yield basis however once outgoings are accounted for, the net yields may be vastly different. Both of these investment options are passive in nature and typically offer yields of 3% to 6%.
A Defence Housing example is the sale of 9 Farrell Street, Evanston Gardens (pictured below).
This property sold in August 2019 with the lease expiring in September 2023.
The property achieved a sale price of $319,500 and a yield of 5.53%.
 <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/2019/10/16/elizabeth%20downs%20.jpg" alt="">
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Adelaide outer ring provides the greatest yields: HTW residential 

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EXPERT OBSERVER
Adelaide is the standout market in capital city Australia. Its consistency of sales performance is remarkable and two-thirds of its suburbs have had price growth in the past year, led by double-digit rises in top-end markets.
Adelaide is undoubtedly Australia’s most under-rated market. I have often lauded Canberra as the most consistent of the capital cities but Adelaide is a serious challenger. It keeps delivering good sales activity and above-average results on house prices in specific markets.
In the five years Hotspotting has been conducting quarterly surveys of sales activity and price trends, Adelaide has never delivered a poor result. Most cities have had peaks and/or troughs in that time, but Adelaide just keeps on producing steady markets with consistent demand. 
65% of Adelaide suburbs have experienced growth in their median house prices in the past 12 months, many of them with rises above 5%. 
The list of suburbs with growth above 10% is dominated by top-end locations, a positive sign for the market overall, which we believe is poised for a significant growth phase.
Our Spring survey has identified 61 Adelaide suburbs with rising sales momentum. Over the past two years, the number of growth suburbs quarter-by-quarter has been 45, 58, 61, 71, 60, 62, 64 and 61.
Adelaide continues to rank well ahead of Sydney, Melbourne and Brisbane in terms of the number of growth suburbs – and ahead of most state regional jurisdictions (where many of the strong growth markets are found at present).
There are 11 Local Government Areas across the metropolitan area with three or more suburbs with upwardly-mobile markets.
The Marion LGA, a middle-market area in the south-west of Adelaide which has been a market leader for the past 18 months, is once again a standout market – indeed one that ranks nationally. It has nine suburbs with rising sales patterns, including Ascot Park, Glengowrie, Hallett Cove, Marion, O’Halloran Hill, Sheidow Park and Seacombe Gardens. 
Port Adelaide Enfield, another precinct that regularly features, also has nine growth suburbs including Croydon Park, Clearview, Dernancourt, Ferryden Park, Greenacres, North Haven and Rosewater.
The Charles Sturt LGA, which extends north-west from central Adelaide out to the beach areas, is close behind with seven rising suburbs. 
Eight municipalities have between three and five rising markets each: the Burnside, Campbelltown, Holdfast Bay, Mitcham, Onkaparinga, Salisbury, Tea Tree Gully and West Torrens LGAs.
While sources such as CoreLogic and SQM Research report annual growth of only 1-2% in Adelaide house prices, these generalised figures disguise individual areas which have done better. Our suburb-by-suburb analysis shows that 65% of Adelaide suburbs have median house prices higher than a year ago. Of the 123 suburbs which have recorded price growth, 51 have lifted more than 5%.
Only 23 of the 188 suburbs in the Adelaide metropolitan area have recorded falls in their median house prices of more than 5%.
Many of the suburbs with the highest annual growth are towards the upper end of the Adelaide market, headed by North Adelaide (up 35% to $1,165,000), Glenunga (up 21% to $1,185,000) and Unley (up 17% to $1,075,000). 
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
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Adelaide the best performing capital for real estate growth suburbs: Hotspotting's Terry Ryder

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An $85 million apartment development project, in the Adelaide CBD, has appointed construction company Maxcon to build the complex.
Developer Flagship Property Holdings says the appointment of Maxcon paves the way for construction to commence on their Penny Place building later this year.
‘Maxcon has proven itself as one of Australia’s finest construction companies, so we’re pleased to partner with them to help us deliver on our exciting vision for Penny Place,’ said Mark Jarman, Chief Executive Officer of Flagship Property Holdings.
Located on Angas Street near Victoria Square, Penny Place will comprise 152 apartments, car parking and a bike store.
There will also be a ground floor lobby, resident lounge and kitchen, and space for a retail outlet, as well as a public plaza.
The 24-storey, 78 metre high Penny Place development forms the second stage of Flagship’s plan for the inner city site where it has just completed its Kodo apartment development, which, at 103 metres high, now stands as Adelaide’s tallest residential building.
Jarman added that the impeding construction work later this year would create approximately 150 new jobs, and represent a major boost to the local building industry.
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Maxcon to build $85 million Penny Place development

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<a href="/developers/flagship-group">Flagship Property Group</a> is set to embark on stage two of their Adelaide CBD master-planned precinct, with <a href="/buildings/penny-place-17-penny-place-adelaide">Penny Place Apartments</a> beginning construction later this year. The $85 million development will be built by Maxcon with 150 new jobs to be created within the construction industry.

<blockquote>
“Maxcon has proven itself as one of Australia’s finest construction companies, so we’re pleased to partner with them to help us deliver on our exciting vision for Penny Place.” 
</blockquote>

Mark Jarman, Chief Executive Officer of Flagship Property Holdings

The news follows the recent completion of the precinct’s debut tower, <a href="/buildings/kodo-apartments-33-angas-st-adelaide">Kodo Apartments</a>, which has reached an impressive 193 metres high, claiming the title of Adelaide’s tallest residential building.

<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/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg" rel="gallery-all" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kodo-apartments-33-angas-st-adelaide-ed0eb798e647a9c39a0bc6e8b81ca4aa.jpg?itok=HJqr4p35" title="Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot" width="580"></a>

<figcaption>Kodo Apartments, 33 Angas Street, Adelaide. Credit: Woods Bagot</figcaption></figure><h2>PENNY PLACE</h2>

The Woods Bagot-designed tower is set to reach a towering 78 metres high and will comprise 152 apartments across 24 floors. Woods Bagot Associate Principal Alex Hall explains that the beauty of the design is that it actually involves quite complex design elements, which are refined to look effortlessly seamless.

<blockquote>
“Good design is when an element of function is greater than its potential value. You can say it’s simple and honest, but what its actually doing is taking quite complex ideas and refining them down to a point where someone can see it as a simple solution.”
</blockquote>

Alex Hall, Associate Principal, Woods Bagot via Penny Place Apartments/Youtube

<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/tpa9869_penny_place_e02_streetscape.jpg" rel="gallery-all" title="Penny Place exterior. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_e02_streetscape.jpg?itok=hKAqUsrT" title="Penny Place exterior. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place exterior. Credit: Woods Bagot</figcaption></figure><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/tpa9869_penny_place_in01_living.jpg" rel="gallery-all" title="Penny Place apartment living area. Credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="644" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tpa9869_penny_place_in01_living.jpg?itok=wU1JDy9A" title="Penny Place apartment living area. Credit: Woods Bagot" width="580"></a>

<figcaption>Penny Place apartment living area. Credit: Woods Bagot</figcaption></figure>Penny Place will feature a spacious ground floor lobby with retail space and a public plaza. Each apartment will include a full-width balcony, loop pile carpets, Caesarstone kitchen benchtops, LED lighting, separate laundry, Bosch/Fisher &amp; Paykel appliances and air-conditioning.

Residents will also be invited to enjoy the use of a lavish resident’s lounge, complete with a chef’s kitchen, and dining area for entertaining.

Construction of Penny Place is expected to take approximately 18-25 months to complete.
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Maxcon appointed as builder for Adelaide’s Penny Place development

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During the second quarter of 2019, resales of Adelaide properties generated $693.1 million in profits and $14.7 million in losses, according to the latest data from CoreLogic's Pain &amp; Gain Report.
Their findings indicated, these resales accounted for 4.2% of total resale profits nationally and 2.0% of resale losses. 
<img src="https://www.urban.com.au/images/2019/10/28/Resales%20ADL%201.JPG" alt="">
There were no resales at a loss over the quarter in Mallala and a low share of losses in Burnside and Mitcham while the greatest share of resale losses occurred in Adelaide, Playford and Gawler.
Adelaide is continuing to see moderate declines in dwelling values and as a result the share of resales at a loss increased moderately over the past quarter and this trend is expected to continue.
<img src="https://www.urban.com.au/images/2019/10/28/Resales%20ADL%202.JPG" alt="">
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