<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Canberra

<html><body>
House price growth in Canberra was minimal in 2017/18 and 2018/19, impacted by record unit supply.
But the Federal election in May 2019 and first home buyer incentives in New South Wales may have drawn demand into adjoining regions, according to a new report. 
BIS Oxford Economics Residential Property Prospects 2019 to 2022 report said the introduction of first home buyer stamp duty exemptions in the ACT from July 1 2019, as well as post-election stability, is expected to help demand in 2019/20.
The firm said that some price growth is forecast to return.
The median house and unit prices are each forecast to rise by 10% in the three years to June 2022, although unit price rises will be weighted toward the end of the forecast period as the current supply pipeline is worked through.
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%201.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/7/15/BIS%201.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%202.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/7/15/BIS%202.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/7/15/BIS%203.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/7/15/BIS%203.jpg" alt="">
</body></html>

j.ballantyne1990-6AQqhLzZaK

Housing price growth forecast to return in Canberra: BIS Oxford Economics

<html><body>
The ACT housing market has not changed much over the past six months, according to a recent Herron Todd White (HTW) residential report. 
The report notes that the value of houses and land has likely seen little growth, owing to an overall lower demand for property arising from various external factors such as the difficulty in obtaining finance.
"Demand is still reasonably strong for entry level houses in the $450,000 to $600,000 range and we would consider this property type to be performing the best," the valuation firm said. 
An example was a Banks three bedroom townhouse which has recently been sold for $520,000 (pictured below). 
Situated at the end of the complex, the townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-act-banks-131362970" target="_blank">6/30 Betty Maloney Crescent </a>comes with three bedrooms, open plan living, separate lounge and covered entertainment area.
The yard has a garden shed and an area outside the laundry that is ideal for the caravan or boat with easy access through a double gate.
<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/2019/7/10/franklin.jpg" alt="">
Demand has remained steady for the mid-point priced houses in the $600,000 to $1 million range.
The prestige market ($2 million plus) remains steady. Prestige dwellings are changing hands, but not at an extraordinary rate.
The report notes that the supply of units remains high and demand remains steady.
"Unit and apartment values have retracted or remained steady over the past six months due to the quantity being offered to the market, especially in the outer suburban areas where demand is generally lower," the valuation firm said. 
Supply is highest for the one-bedroom product that is being offered at a very high rate in new complexes, while the market for two, three and four-bedroom units is more steady and secure.
The price point for most one-bedroom units is between $275,000 and $400,000 depending on location, size and quality of inclusions.
Most two- bedroom units are selling for between $300,000 and $550,000, again depending on location size and quality of inclusions.
A new two bedroom apartment in Franklin has recently been sold for $381,000 (pictured below). 
With easy access to the City Centre, the apartment at <a href="https://www.realestate.com.au/sold/property-apartment-act-franklin-131357150" target="_blank">4/329 Flemington Road</a> comes with open plan living area, two bedrooms, north facing balcony and modern kitchen. 
It is with walking distance to Gungahlin Town Centre and the light rail. 
<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/2019/7/10/franklin.jpg" alt="">
Units with more than three bedrooms are often sold for above $550,000, with some units selling over the $1 million mark in well located, reputable complexes.
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Canberra housing market remains steady: HTW residential 

<html><body>
Iconic Australian architecture firm <a href="/architects/fk-australia">Fender Katsalidis</a> has just signed a contract to lead the design of Kingston Arts Precinct in Canberra. The mixed-use precinct will be located adjacent to Lake Burley Griffen and will provide a place for multiple arts organisations to gather and create. Fender Katsalidis Director David Sutherland explains that the precinct will endeavour to deliver a “more cohesive and community-focused arts experience in Canberra”.

The project falls under the $78 million urban renewal project will see an underutilised space transform into a thriving precinct.

<blockquote>
“We have deeply considered the public realm and its relationship with the existing heritage buildings in our plans as these are emblematic within the urban canvas. The project ties in nicely with our completed and ongoing work in Canberra as well as our broader work in promoting the arts in Australia.”
</blockquote>

David Sutherland, Fender Katsalidis Director

Joining Fender Katsalidis in the collaborative project will be developers Geocon and landscape architects Oculus.

Nick Georgalis, founder and managing director at Geocon has confirmed that contracts have now been signed, and the team are ready to commence work to bring the project to life.

<blockquote>
“Canberrans are looking to us, to bring culture, vibrancy and excitement to the Kingston Foreshore and we are now ready to deliver.”
</blockquote>

<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/170421_-_kingston_arts_precinct_-_v06_-_id.jpg" rel="gallery-all" title="Image credit: Fender Katsalidis"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/170421_-_kingston_arts_precinct_-_v06_-_id.jpg?itok=pwDcVMkk" title="Image credit: Fender Katsalidis" width="580"></a>

<figcaption>Image credit: Fender Katsalidis</figcaption></figure>Oculus Founder Bob Earl, also referred to the area as a  “The public domain will be a broad canvas for a series of public experiences and events forming the heart of a thriving creative hub.”

Historically, Fender Katsalidis Architects have designed many arts precincts across Australia, including Mona in Hobart, Buxton Contemporary in Melbourne, Ian Potter Museum of Art in Melbourne, Bendigo Art Gallery Melbourne and more.

Arts organisations to be situated within the new precinct include:

<ul>
<li>Canberra Glassworks</li>
	<li>Megalo</li>
	<li>M16 Artspace</li>
	<li>Craft ACT</li>
	<li>Canberra Contemporary Artspace</li>
	<li>PhotoAccess</li>
	<li>ArtSound</li>
</ul>
Lead image credit: Fender Katsalidis Architects
</body></html>

Olivia Round

Fender Katsalidis Architects add another arts precinct project to their collection

<html><body>
Domain’s Property Price Forecast report has predicted Canberra will be the strongest performing house sales market in 2020.
It has an expected growth in house prices of between 4 to 6 per cent.
Sydney and Brisbane are tipped to have a slightly lower of growth, at 3 to 5 per cent.
Sydney’s biggest correction in house prices since the 1980s should be over by year’s end, according to new forecasts which expects median house prices in Sydney to bottom out at about $1 million and median unit prices to dip just below $700,000 in spring.
<div class="in-content-ad">
Domain economist Trent Wiltshire said the trifecta of an interest rate cut, the Coalition’s election win and potential lending rule changes helped the market bottom out sooner than expected.
Wiltshire expects subdued growth with property prices unlikely to run away again, due to tight lending conditions and highest levels of household debt.
“Banks and borrowers are still pretty cautious,” Mr Wiltshire told Domain.
“The outlook for the economy is pretty weak so that’s another reason why I don’t think we’ll see a big boom.”
<table><tbody>
<tr>
<td colspan="3">
<h4>House price forecasts</h4>
</td>
</tr>
<tr>
<td> </td>
<td>2019 (6 month change)</td>
<td>2020 (annual change)</td>
</tr>
<tr>
<td>Australia (combined-capital cities)</td>
<td>1%</td>
<td>
2% – 4%
</td>
</tr>
<tr>
<td>Sydney</td>
<td>2%</td>
<td>
3% – 5%
</td>
</tr>
<tr>
<td>Melbourne</td>
<td>1%</td>
<td>
1% – 3%
</td>
</tr>
<tr>
<td>Brisbane</td>
<td>1%</td>
<td>
3% – 5%
</td>
</tr>
<tr>
<td>Perth</td>
<td>0%</td>
<td>
0% – 2%
</td>
</tr>
<tr>
<td>Adelaide</td>
<td>1%</td>
<td>
1% – 3% 
</td>
</tr>
<tr>
<td>Hobart</td>
<td>0%</td>
<td>
2% – 4%
</td>
</tr>
<tr>
<td>Canberra</td>
<td>2%</td>
<td>
4% – 6%
</td>
</tr>
<tr>
<td colspan="3">Notes: Stratified median house price forecasts. 2019 forecast is 6 month per cent change from June quarter 2019 to the December quarter 2019. 2020 forecast is the annual per cent change from December quarter 2019 to December quarter 2020. Darwin excluded from forecasts due to small volumes and market volatility.</td>
</tr>
</tbody></table>
Hobart will have the strongest unit growth in 2020. 
<table><tbody>
<tr>
<td colspan="3">
<h4>Unit price forecasts</h4>
</td>
</tr>
<tr>
<td> </td>
<td>2019 (6 month change)</td>
<td>2020 (annual change)</td>
</tr>
<tr>
<td>Australia (combined-capital cities)</td>
<td>1%</td>
<td>1% – 3%</td>
</tr>
<tr>
<td>Sydney</td>
<td>2%</td>
<td>2% – 4%</td>
</tr>
<tr>
<td>Melbourne</td>
<td>1%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Brisbane</td>
<td>0%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Perth</td>
<td>0%</td>
<td>0% – 2%</td>
</tr>
<tr>
<td>Adelaide</td>
<td>2%</td>
<td>1% – 3% </td>
</tr>
<tr>
<td>Hobart</td>
<td>2%</td>
<td>3% – 5%</td>
</tr>
<tr>
<td>Canberra</td>
<td>1%</td>
<td>1% – 3%</td>
</tr>
<tr>
<td colspan="3">Notes: Stratified median house price forecasts. 2019 forecast is 6 month per cent change from June quarter 2019 to the December quarter 2019. 2020 forecast is the annual per cent change from December quarter 2019 to December quarter 2020. ‘Units’ includes units and apartments. Darwin excluded from forecasts due to small volumes and market volatility.</td>
</tr>
</tbody></table>
Mr Wiltshire’s forecasts were made on expectation of two RBA rate cuts in July and November this year, national population growth of 1.75 per cent each year, a steady national unemployment rate of 5 per cent, and modest growth in home lending from late this year.
 
</div>
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Canberra will have 2020's strongest house price growth: Domain

<html><body>
The Canberra office that was purpose built by the Australian Property Institute some three decades ago has been listed for sale for the first time.
The property at <a href="http://commercialpropertysearch.savills.com.au/7d234ce9-c481-e911-80db-005056813885/Sale/Deakin/6-Campion-Street" target="_blank">6 Campion Street in Deakin</a>, an inner suburb of Canberra, has been held by the Australian Property Institute (API), since its construction over three decades ago.
The API are located on the second level which comprises a number of internal offices, breakout areas, a kitchen, reception space and a boardroom.
The ground floor has a double height entrance lobby with full glass facade.
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The Commonwealth Government previously had a whole floor tenancy in the space which has its own north-facing garden and landscaped courtyard.
Savills agents Nic Purdue and Andrew Stewart have the listing.
It has 525 sqm of net lettable area.
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Australian Property Institute Canberra HQ listed through Savills

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Colliers International is confident 2019 will be a strong year for office sales in Canberra, particularly for properties valued above $10 million.
Reflecting on the state of the market at an industry event this month, Colliers International DirectorCapital Markets and Investment Services, Michael Montelibano, pointed out the ACT’s strong macroeconomic conditions.
“Our positive population growth and low unemployment, combined with relatively affordable entry points and high yields, make Canberra an attractive place to invest,” Montelibano said.
“Canberra’s office market is displaying strong fundamentals which are expected to continue for the near-term.
“These market conditions are drawing international investors to the national capital.”
Montelibano also expects investor interest to continue for the remainder of 2019.
“Office properties above the $10 million price point in established precincts such as Civic and Barton that are well leased remain highly attractive to investors. We expect yields to tighten in these markets, particularly for new build product, given decreasing vacancy and the favourable interest rate outlook.
“Significant investment activity is forecast for properties in this market segment. With over $271 million of sales in this segment year to date, we expect total 2019 sales to exceed that of 2018 by around 50%.”
Montelibano also cited the continued strong performance of the strata market and the flight to quality trend from investors and owner occupiers.
“The performance of well-located and well-leased strata stock is steady, notwithstanding pressure from tightening financing conditions and rising rates and body corporate fees. However, units in secondary markets with vacancy are presently undergoing a re-rating.”
Colliers International has noted a shift towards off-market transactions in the past five years.
“Nearly 70% of sales managed by Colliers International in 2018 were off market and there has already been over $162 million in off-market sales so far this year,” Montelibano revealed.
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Canberra office market tipped for strong end to year 

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The Canberra office market maintained a steady pace through the first half of 2019 with a stable market benefiting from low unemployment, continued low interest rates and a strong local economy, according to the latest commercial report from property valuation firm Herron Todd White.
The report found, demand for leasing deals has continued to show strength with good levels of enquiry from tenants evolving into leases at Childers Street and Moore Street in the CBD, both tenants securing sub-3,000 square metres.
The A grade market has a vacancy rate of 1.7% and due to a lack of new stock in the short term, the market is anticipated to see a further drop in vacancy levels whilst construction of new premises is underway with completion due in 2020.
Rents for A grade space are averaging between $405 and $475 per square metre.
The valuers stated, "secondary B grade stock continues to reflect increased vacancy levels, currently at 13.9%, which will rise as a result of the relocation of both Home Affairs to the airport and the ACT Government to the CBD and Dickson with pre-commitments for the new space due in 2020."
"Recent sales volumes have been down on previous years however demand is persisting mostly from institutional and foreign investors with five-year plus WALEs and national tenants being features sought after by investors."
"Yields are 6% to 8% for prime buildings and 6.75% to 10.75% for secondary grade. Secondary space rents are around $300 to $330 per square metre," they concluded.
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Canberra office market remains stable with strong demand: HTW Commercial

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Centuria Capital Group (Centuria) has announced their acquisition of 10 Moore Street, Canberra. 
The property known as the ‘Optus Centre’ will be directly purchased by Centuria Diversified Property Fund (CDPF) for $35 million from commercial property group Quintessential.
Commenting on the acquisition, Centuria’s Head of Real Estate and Funds Management, JasonHuljich, said “Strong support from investors and financial advisers in the CDPF has seen the fund’s inflows increase significantly this financial year, allowing the fund to make strategic purchases. 
“10 Moore Street is a centrally-located property – ideally positioned in Civic, the heart of Canberra’s CBD precinct."
“The building has been fully regenerated to a very high standard by Quintessential Equity – all the work done over the years has been of a high quality, and the actions undertaken to improve the environmental footprint of the building has resulted in a 5-star NABERS energy rating, further enhancing the quality of this acquisition.”
It has a 4.3 year WALE (as at 1 June 2019), and is currently 98% leased to a mix of tenants, with a 12-month rental guarantee on approximately 2% (123 sqm) of vacant space, which Mr Huljich is confident about leasing.
“One of Centuria’s A-REITs, the Centuria Metropolitan REIT (CMA), owns two properties nearby– at 54 and 60 Marcus Clarke Street, about 100 metres from 10 Moore Street – so we are familiar with the area, and have had very good leasing success there: we understand what appeals to tenants,” he said.
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Russell Bullen, Quintessential Equity’s Chief Executive Officer, said the group is very pleased with the sale of the 6,709sqm building, which he calls a “top-tier office investment”.
“Since we acquired the building in 2014, we’ve completed a full regeneration and successful releasing campaign at the property, future-proofing it for years to come."
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Centuria announce acquisition of Moore Street Optus Centre in Canberra

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Former prime minister Malcolm Turnbull and wife Lucy have sold their Canberra waterfront penthouse to Sydney barrister Keith Rewell.
The two-level, three-bedroom Kingston apartment, a short stroll to Capital Hill with views over the river, has been put up for rent at $1185 a week.
It sold for $2.06 million having been listed for sale last September, just weeks after Turnbull lost the top job.
Turnbull then listed it for rent with an ambitious weekly asking price of $1350-$1550.
The Turnbulls bought it off the plan in 2006 for $1.95 million.
This article was first published in the Saturday Daily Telegraph. 
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Sydney barrister emerges as Malcolm Turnbull's Canberra penthouse buyer

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Canberra has experienced the strongest annual growth in rents of all the capital cities and remains the most expensive capital city to rent a house, according to Domain. 
Its 2019 Rental Report said surging rental prices have pushed the rent price gap further ahead of Sydney by $30 a week.
There appears to be no reprieve in sight for tenants given the pace of rent rises is increasing.
Tenants have been faced with three-and-a-half-years of growing rental prices, stretching affordability by outpacing wages growth.
Canberra is the second most expensive capital city to rent a unit.
Tenants have been faced with almost four-years of rising unit rents, however the pace of unit rent growth is now slowing - a counter-intuitive scenario given the fact Canberra has experienced a development boom over recent years.
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Source: Domain 2019 Rental Report
A three bedroom Gungahlin house currently on the rental market is priced at $590 per week (pictured below). 
The house situated at 22 Ayrton Street comes with master suite, two other bedrooms, modern kitchen, outdoor entertaining area and double garage.
It is positioned close to Yerrabi waterfront and the Gungahlin Town Centre.
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A ground floor two bedroom apartment in Kingston is available for lease with a price of $470 per week (pictured below).
Situated in the Chamonix development, the apartment at 24/15 Howitt Street comes with open plan living and dining, two bedrooms, private paved courtyard and single carport.
It is a few minutes walk from shopping and dining precinct, Bus Depot Markets, Kingston Foreshore and Lake Burley Griffin.
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